On Tuesday, the prices of bitcoin and other crypto assets were seen trading at a discount on the Australian arm of Binance, the world’s largest crypto exchange by trading volume, compared to rival local platforms. As of 1:10 pm, bitcoin (BTC) was trading at A$34,863 ($22,670) on Binance Australia, about A$7,516 ($4,913) lower than the...Read More
El Salvador President Nayib Bukele has onboarded Saiffedean Ammous – author of The Bitcoin Standard – as an Economic Advisor to the National Bitcoin Office of El Salvador. In his role, the author will “advise on matters related to various economic policies,” while supporting Bukele’s policy of “economic liberty and bitcoin,” according to a Bitcoin...Read More
Following increased regulatory action from the SEC and other local and global watchdogs, members of the crypto community have been worrying about the industry’s future relationship with the banking sector. Pivot to Europe in The Cards The restlessness surrounding future crypto regulation was amplified following the collapse of both Signature Bank and Silvergate Bank, both...Read More
The crypto market is currently witnessing a rollercoaster ride, and Bitcoin is leading the pack. Following an accord to elevate the U.S. debt ceiling, Bitcoin (BTC) ascended beyond the $28,000 mark. However, despite this rise, the cryptocurrency seems poised for its initial monthly decline since December. Currently, analysts and traders are expecting selling pressure in...Read More
Chip-manufacturing giant NVIDIA (NDVA) surpassed a $1 trillion market cap, bringing the company’s total value close to that of all cryptocurrencies in the world combined. The company’s stock opened at $405.96 on Tuesday, before rising as high as $416.39 by 9:50 am ET. The 6% pump marked a 52-week high for the company. Shares have...Read More
Although it was launched less than a year ago in its current version, ChatGPT has already made massive strides in the AI community and has become a go-to chatbot for countless questions and inquiries. However, it’s worth noting that the AI virtual machine is not perfect, makes certain mistakes, and cannot be trusted blindly. No,...Read More
Tenet is a layer-1 network that’s focused predominantly on the expansion of use cases related to liquid staking derivatives (LSDs). According to a press release shared with CryptoPotato, Tenet has forged a partnership with LayerZero aimed at boosting the adoption of LSDs. LayerZero, in turn, is an omnichain interoperability protocol that’s currently valued at over $3 billion....Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, May 30th, 2023] A decentralized token that will shape gaming as we know it today is going live on the Ethereum blockchain on May 31st with the support of key Web3 leaders. The QWAN, a gaming token enabling a decentralized economy for all gamers globally, is launching with...Read More
As new tokens and cryptocurrencies are surfacing every day and gaining popularity, the crypto market is renowned for its unpredictability and turbulence. A new meme currency designed after the dog of Elon Musk, Floki Inu, has stormed the market, witnessed a significant price pump, and grabbed investors’ and traders’ attention. Irrespective of its popularity in...Read More
[PRESS RELEASE – Mahe,, Seychelles, May 30th, 2023] DigiFinex, one of the leading cryptocurrency exchanges in the world, has been granted a Pre-Registration Undertaking (“PRU”) exemption-based approval by the Canadian regulator (at the provincial level, Alberta Securities Commission, and other provinces providing reciprocal recognition). This license allows DigiFinex to operate in Canada in accordance with...Read More
The company behind the world’s largest stablecoin announced on May 30 that it wants to mine BTC using sustainable energy in the South American country. To do so, Tether has decided to invest in “renewable energy sources to support and promote sustainable Bitcoin mining.” The company’s statement noted that the South American nation is among the...Read More
Ethereum scaling protocol Optimism is gearing up for a planned token unlock scheduled for May 31st. As such, over 386 million OP tokens, worth more than $587 million at the current price, will be released, which represents 9% of the total supply. The upcoming event also marks the first unlock for core contributors and investors,...Read More
In its weekly on-chain report, analytics provider Glassnode cautioned that there is likely to be a big move ahead for BTC following a period of low volume and volatility. “Given the extremely low volatility, and narrow trading ranges of late, it seems this equilibrium is soon to be disturbed,” it noted. Bitcoin jumped 4% on...Read More
If you are looking for a promising project in its early stages that shows excellent room for growth and great fundamentals, look no further! Some analysts believe they have found the perfect one – Uwerx, a Stage-2 presale initiative that could even outperform Ethereum Classic (ETC) and Dogecoin (DOGE). But why have they come to...Read More
Binance has reportedly appointed Richard Teng to lead the crypto exchange’s regional markets outside the US. According to the report, Teng’s new role is essentially an expansion of his previous responsibilities which included heading Asia, Europe, the Middle East, and North Africa. In a statement, Chia Hock Lai, board chairman of the Blockchain Association Singapore,...Read More
