Author: Crypto News
Last updated: April 24, 2024 20:11 EDT | 2 min read American credit ratings firm S&P Global said that a change in rules under the Lummis-Gillibrand Payment Stablecoin Act could see U.S. stablecoin adoption soar as the regulatory framework could bolster confidence.In a research note Andrew O’Neill, managing director and co-chair of S&P Global’s Digital Assets Research Lab said the act promises a legislative and regulatory framework to bolster confidence in stablecoins, accelerate institutional usage, facilitate bank issuance, and simplify the provision of digital custody services.Regulatory Clarity Will See More Banks Dabbling in StablecoinsThe Lummis-Gillibrand Payment Stablecoin Act was introduced on…
Last updated: April 24, 2024 19:30 EDT | 2 min read The South Korean city of Busan’s plans to launch a city-run, blockchain-powered digital assets exchange may be in peril, a report claimed on April 24.Per Naeil Shinmun, the project is “showing signs of trouble” after effectively delaying its official launch.Busan Digital Exchange Hit With Launch DelayBusan’s digital asset exchange plans have been in the pipelines for some time, but have already been beset with issues.The city initially wanted to become the first in the world to launch a crypto exchange. However, this plan hinged heavily on promised changes to…
Last updated: April 24, 2024 19:30 EDT | 1 min read Source: Dalle-3 Crypto custodian Fireblocks announced on Wednesday that it has launched its dApp Protection and Transaction Simulation products, which will help protect institutions from run-ins with scammers in decentralized finance (DeFi).Fireblocks’ DeFi Protection ToolsBoth products have undergone beta testing with Galaxy and FlowDesk since December of last year. They are now available to safety check decentralized applications (dApps) across over 40 blockchains using Fireblocks’ APIs, including WalletConnect and MetaMask Institutional.“As the DeFi sector experiences unprecedented growth, the need for proactive security measures has never been more critical,” wrote…
Last updated: April 24, 2024 16:42 EDT | 3 min read XRP Price Prediction as Daily Trading Volume Surges Past $1 Billion – Is Ripple Making a Comeback? The XRP (XRP) Price has been falling back over the past two sessions, despite daily trading volumes surging above $1 billion for a third successive session.Yahoo Finance put Wednesday’s trading volume at $1.5 billion, after clocking $1.35 billion and $1.67 billion on Tuesday and Monday.XRP faced resistance in the $0.5650-57 area on Monday and sell pressure has been elevated ever since. The presence of the 21DMA at $0.55 likely also hasn’t helped.The…
Last updated: April 24, 2024 16:14 EDT | 2 min read Melania Trump, the wife of former President Donald Trump, launched a Mother’s Day necklace on Sunday that comes with a free matching NFT on the Solana blockchain.Entitled the “Her Live and Gratitude” necklace, Trump’s latest design “can be engraved with names, initials, or significant dates to create a one-of-a-kind piece of jewelry.”Melania Trump Launches Necklace And NFT On Solana BlockchainSelling for $245, buyers will also receive a “limited edition digital collectible” minted on the Solana blockchain alongside the gold vermeil pendant.“Being a mother is one of the most important…
Last updated: April 24, 2024 15:56 EDT | 4 min read Explore what experts are saying about the best crypto to buy now, focusing on long-term potential and recent market trends in the blockchain space. Image by cryptonews.com. As major cryptos succumbed to technical selling on Wednesday, with Bitcoin (BTC) having slipped around 3.5% in the past 24 hours to below $65,000, investors hunting for fast gains are scouring altcoins markets for the best crypto to buy now.Bitcoin’s drop was probably triggered by technical selling, with the cryptocurrency dropping below a short-term uptrend.Bitcoin’s latest dip comes amid technical selling, but…
Last updated: April 24, 2024 15:08 EDT | 2 min read Coca-Cola inked a $1.1 billion five-year partnership deal on April 23 with Microsoft to explore and integrate the tech company’s cloud and artificial intelligence (AI) solutions across the beverage giant’s global operations.According to the Coca-Cola AI agreement with Microsoft, the beverage production company will collaborate on experimenting with its Azure cloud computing platform.Coca-Cola AI Investment Opens Access to Microsoft’s CopilotAdditionally, Coca-Cola will test Microsoft’s Copilot offerings to evaluate how these tools can drive productivity across its various business functions. Copilot is an AI assistant that summarizes lengthy email discussions…
Last updated: April 24, 2024 13:57 EDT | 3 min read Binance founder and former CEO Changpeng “CZ” Zhao penned a letter to the judge overseeing his case on April 24, expressing remorse for his actions and accepting full responsibility for his “poor decisions.”Zhao’s letter comes after he and Binance settled charges with the US Department of Justice (DOJ) in November 2023. Despite previously waiving the right to appeal any sentence up to 18 months, the DOJ is now seeking a 36-month sentence for Zhao.Support Letters for Binance Founder CZ Urge Judge to Consider Character Beyond Compliance FailureIn a letter addressed…
The Chimpzee NFTs are finally on the horizon, with the whitelist event for presale participants on April 15th followed by the public launch on April 16th.Investors of the $CHMPZ token have been highly excited about the incoming NFTs over the past few weeks. They will allow holders to earn the maximum passive income through staking and an exclusive opportunity to win up to $10,000.00 USDT through a special promotion from this charity-focused ecosystem.Chimpzee is a Web3 ecosystem that allows its users to earn a passive income while positively contributing to the world by saving animals and the environment.Chimpzee Announces NFT…
Last updated: April 24, 2024 11:39 EDT | 2 min read In an environment of rising inflation and surging gas prices, one crypto project is building a solution to lower your bills.The solution offered by Gas Wizard is a blockchain-based loyalty program where users earn rewards and get discounts on their purchases at affiliated oil and gas distributors – as well as EV charging stations.Gas Station Rewards ReinventedThe use of blockchain to build a global loyalty program comes with several benefits for everyone using the program, including: Cost reduction for transactions and account management. Transparency where each transaction is visible…