Posts

OnFinality backs Krest Network

OnFinality backs Krest Network, the world’s first simulation network for DePIN and the Economy of Things. The OnFinality is a multi-chain infrastructure provider, that announces support for Krest, peaq’s canary network. OnFinality provides easy-to-use, reliable, and scalable API endpoints for builders to deploy and run their dApps on krest quickly and easily! “The integration with OnFinality’s API and Node infrastructure offers crucial support to the peaq community, facilitating fast and reliable access to the krest blockchain for builders.”— Leonard Dorlöchter, co-founder of peaq What is Krest Network? krest is peaq’s canary network — the world’s first and only Economy of Things simulation network. krest is your home for socio-economic, technical, community, and governance innovation and experimentation within the peaq ecosystem. Launch dApps and tools for the Economy of Things and assess their impact in a live environment on a public blockchain network, without running the risk of ca
Post a Comment
Read more

Is it better to invest in gold or Bitcoin?

Image
Both gold and Bitcoin (BTC) have their niche roles in invest ing. Gold has little practical use besides jewelry and certain specialized electronics, while Bitcoin has virtually none (pun intended). That said, invest ors still seek them out, primarily as an alternative to fiat currency. Furthermore, both assets have surged recently, setting their respective price records in 2024. However, is it better to invest in gold or Bitcoin ? We’ll try to find out in this article.  Why would anyone invest in gold or Bitcoin? Now that’s a good question. Both financial assets remain in an awkward position in today’s economy. While the gold standard was vital to global finances from the 1870s to the 1920s, and gold was used as a currency for millennia, you probably won’t see a vendor accept a piece of gold as payment today. Picks for you AI predicts
Post a Comment
Read more

Shogun raised $6.9M in seed funding

Shogun raised $6.9M in the seed funding round. Shogun is an intent layer for the Interchain. Its vision is to accelerate the adoption of DeFi by providing a user experience in which no user ever needs to worry about chains, gas, or wallets again. Its SDK provides structured rails to move to and from any token on any chain. Shogun will support EVM, Cosmos, SolanaVM, and MoveVM execution environments. This includes Berachain, Ethereum, Solana, Neutron, and Celestia. The Shogun platform offers auth functions, in-app wallet-building abilities, node services, and so much more in addition to all your DeFi basic needs, such as swaps & bridging! Polychain Capital and DAO5 co-led the funding round, joined by Arrington Capital, Arthur Hayes’ family office Maelstrom, and Build-a-Bera, Intensity Labs announced on Wednesday. The round also saw participation from angel investors such as Cobie, Ansem, Ser Shokunin, and Meltem Demirors. Shogun was previously incubated by Binance Labs. In March of
Post a Comment
Read more

Katana Inu Launch on Skale

Katana Inu launch on Skale Network. Now Katana Inu takes its next significant step with its live integration on SKALE complete with an exciting leaderboard feature. At its core, Katana Inu is a fusion of high-quality graphics and the burgeoning world of NFTs. This crypto-based PC game, set in a vibrant, fast-paced universe of sword and spell combat, isn’t just about immersive gameplay; it’s a bridge connecting the traditional gaming sphere with the innovative realm of Web3. Monitor Your Ranking in Real Time with On-Chain Leaderboard Integration With the game now live on SKALE, players can dive into a seamless, gas-free gaming experience and track their progress on the interactive leaderboard. Katana Inu sought a blockchain partner that offered scalability, advanced technology, and support for high-fidelity gaming. They chose SKALE Network for its zero gas fees, near-instant finality, and status as the world’s fastest blockchain. SKALE’s modular framework aligns with Katana Inu’s vision
Post a Comment
Read more

Here are Bitcoin’s new levels to watch as bulls prepare to break resistance

Image
Bitcoin (BTC) is currently trading with a bullish bias, with the cryptocurrency climbing to its highest point in over a month. As the asset shows strength, the market remains on edge regarding the next move, especially if Bitcoin is primed to reclaim another record high. In looking at the next Bitcoin price trajectory, crypto analyst RLinda pointed out in a TradingView post on May 18 that bulls are now ready to challenge Bitcoin resistance. According to the analyst, buyers have pushed Bitcoin’s price upward after successfully defending the $64,500-$65,000 support range, testing the resistance at $67,250. Picks for you Is Silver set to outperform Gold by 2024? 22 mins ago Bitcoin pool mines seven blocks in a row, raises security concerns 50 mins ago U.S. banking giants experiment tokenization with this cryptocurrency 19 hours ago Will the USDC outperform USDT in 2024? 19 hours ago Bitcoin price Analysis chart. Source: TradingView/RLinda She n
Post a Comment
Read more

Maneki Price Prediction: MANEKI Soars 30% As Analysts Say This Solana Rival Might Be The Best Crypto To Buy Now

Image
The Maneki price has surged 30% in the last 24 hours to trade at $0.009357 as of 7:20 a.m. EST on a 37% surge in trading volume to $42 million. Maneki Price Rebounds On Descending Triangle: Can Bulls Reclaim The ATH? The Maneki price has been declining from its all-time high of $0.0276 , recording a 66% drop .  However, the support zone at $0.004637 has discontinued the bears’ advance, enabling the bulls to stabilize the price. Despite the recent decline, this support level remains strong, offering the bulls an opportunity to gain momentum and possibly push the price back up to recover their losses. MANEKIUSDT Analysis By Tradingview The descending triangle pattern indicates that the bullish momentum may persist, potentially driving higher prices. If this momentum continues, the bulls could propel the price beyond the wedge, sustaining the upward trend. The bulls have successfully maintained the price above the 50-period simple moving average (SMA), indicating a bullis
Post a Comment
Read more

Opportunity? Crypto expert predicts ‘one last nuke’ for XRP

Image
As many assets in the cryptocurrency sector near the week’s end on a positive note, XRP seems to be one of them, albeit recording only minor advances often mixed with sudden drops, and one crypto expert believes that the popular token is about to make one last dip before bullish recovery. Specifically, pseudonymous crypto trading analyst CoinsKid observed that XRP could go through “one last nuke” toward $0.4018 as part of its five-wave price action with bullish divergence before a massive recovery to $0.7478, as he explained in his X post shared on May 16. XRP price action analysis. Source: CoinsKid At the same time, the crypto market analyst believes that such a price action would offer an opportunity to “go all in at that point,” in other words, to buy XRP at a low price but also referring to his viewpoint as a potential “bear hopium,” suggesting irrational or unwarranted optimism. Picks for you Bitcoin vs inflation; Can Bitcoin hedge against inflation? 2 hours ag
Post a Comment
Read more

Crypto Exchange Coinbase Adds Solana-Based DEX to Listing Roadmap

Coinbase has added a new Solana (SOL)-based decentralized exchange (DEX) altcoin to its listing roadmap. On Tuesday, the top US crypto exchange put Drift Protocol (DRIFT) on the path towards being tradeable on its platform in the future. Drift is an open-source DEX that enables transparent and non-custodial trading. Explains the project, “Drift was designed with a goal to be capital-efficient but also protective of your assets. We achieved that by setting up sophisticated cross-margined risk engine – a system of tools with an extensive protection from over-extending risk. For instance: In the lend/borrow markets, you can also use collateral for perpetual futures and trade more efficiently with spot assets. Every token you deposit can earn you more through borrowing and also act as a collateral for perpetual swaps. Borrowers can only borrow if they have more collateral than needed, following multiple safety measures for extra protection.” The Drift Foundati
Post a Comment
Read more

Millennium Management Discloses $2B Spot Bitcoin ETF Portfolio

Global investment management firm Millennium Management has disclosed buying spot Bitcoin ETF s, according to an SEC filing. Millennium Management disclosed its Bitcoin ETF holdings on Wednesday, and they constitute 3% of its $64 billion fund as of the first quarter. JUST IN: Millennium Management discloses $2 billion spot # Bitcoin ETF portfolio. — Watcher.Guru (@WatcherGuru) May 15, 2024 The latest SEC filing reveals that Millenium has Bitcoin ETF holdings with BlackRock, ARK21, Bitwise, Fidelity, and Grayscale. Millenium Management holds over $844M in ETF shares under BlackRock, the far-and-away leader. The total Fidelity Bitcoin ETF isn’t far behind, with Millenium investing north of $800M in the asset as well. Several more companies and banks have announced investments in spot Bitcoin ETF s in recent weeks and months. These include institutions like Hightower and JPMorgan Chase. Throughout 2024, Spot Bitcoin ETF s have become a massive part of the dialogue w
Post a Comment
Read more

China busts $2 billion USDT money laundering operation

Police in China have announced the dismantling of a large underground banking gang accused of facilitating illegal transactions with almost $2 billion worth of tether (USDT). Sichuan and Chongqing authorities said on Tuesday that 193 suspects across 26 Chinese provinces have been arrested as a result of the operation.  According to local media, the gang allegedly used USDT to evade China ’s foreign exchange regulations and provide a means for criminals to send their funds overseas, transacting 13.8 billion yuan ($1.9 billion ). Tether’s history with China goes far beyond commercial paper Read more: How Triad-linked gang used crypto and casinos to launder $10B Two ‘dens’ in Fujian and Hunan belonging to the gang were reportedly destroyed by authorities in 2023 and 149 million yuan ($20.6 million) of funds linked to the gang were frozen as part of the case.  The gang’s illegal foreign exchange reportedly committed “financial fraud, job-related Crime s, obstruction of drug man
Post a Comment
Read more

Dogecoin Price Prediction: DOGE Drops 3% As Roaring Kitty Rally Fades And This Red Hot Meme Coin Offers Last Chance To Buy

Image
The Dogecoin price dropped over 3% in the last 24 hours to trade at $0.1455 as of 12:30 a.m. EST as investors dump some of their holdings in the meme coin. The DOGE price drop comes after a meme coin market surge ignited by the reappearance of Roaring Kitty, a personality at the center of the meme stock craze and GameStop short squeeze back in 2021. pic.twitter.com/YgjVqtgcNS — Roaring Kitty (@TheRoaringKitty) May 13, 2024 After an almost 3-year hiatus, he reappeared online and posted a cryptic tweet yesterday. Many believe the post signaled the analyst’s return and led to speculation of a possible GameStop 2.0. The Dogecoin Price Loses Key Support 4-hour chart for DOGE/USD (Source: GeckoTerminal ) The Dogecoin price lost the key support at $0.1470 over the past 24 hours. As such, bulls are trying their best to push the meme coin’s price back above this key point. Should DOGE close a 4-hour candle above $0.1470 within the next 8 hours, traders might enter into a long posit
Post a Comment
Read more

Is It Too Late To Buy SLOTH? Slothana Price Soars 51% As Solana Rival Sealana Closes On $1M In Presale – Next 100X Meme Coin?

Image
The Slothana price soared 51% in the last 24 hours to trade at $0.05153 as of 03:04 a.m. EST on trading volume that rose 79% to $37 million. This comes even as as some investors take profits, the latest being a whale who sold 1500 SOL after buying in the presale, making a gain of 250%. Crypto analyst Jacob Bury says Slothana could be one of the biggest meme coins to explode in the bull market. Slothana Price Set To Soar Over The Bullish Pennant SLOTHUSD Chart Analysis Source: Geckoterminal.com Just after its launch, the Slothana price went through a price correction as a result of the SLOTH token distribution to its early buyers, as data from GeckoTerminal shows. Sloth has been trading within a consolidation level of around $0.010. Then bulls took over, pushing its price to an all-time high (ATH) of $0.05690. The $0.05690 resistance has kept the price in a bullish pennant, with bulls aiming to break above it. SLOTH is also trading above both the 50-day and 200-day SMA, show
Post a Comment
Read more

Ripple v. SEC case update as of May 14, 2024

As the cryptocurrency community continues to sit tight for the final outcome of the long-running courtroom battle between Ripple and the United States Securities and Exchange Commission (SEC), the blockchain company has asked the court to seal certain documents. Specifically, Ripple has filed a motion to seal specific documents filed in connection with the SEC’s motion for judgment and remedies, according to a document shared by a defense attorney and former federal prosecutor, James K. Filan, in an X post on May 14. #XRPCommunity #SECGov v. #Ripple #XRP @Ripple has filed a Motion to Seal Certain Documents filed in connection with the @SECGov's Motion for Judgment and Remedies. https://t.co/BCeLaHOnw0 — James K. Filan (@FilanLaw) May 14, 2024 Ripple v. SEC: Confidential financial data Among other things, the court document addressed to Judge Analisa Torres seeks sealing or redacting confidential information, including the company’s “negotiated financial terms of its cont
Post a Comment
Read more

Ripple Analyst Forecasts XRP To Enter Bullish Cross: Here's When

In a recent tweet, prominent Ripple analyst EGRAG Crypto shared an intriguing forecast for XRP. By analyzing the 21 EMA (Exponential Moving Average) and 55 MA (Moving Average) on weekly time frames, the analyst has identified a potential “ignition date” for XRP to enter a bullish cross, which could occur on July 1st, 2024. Examining Bullish and Bearish Crosses in XRP’s Price Cycles EGRAG Crypto’s Analysis is based on the observation of bullish and bearish crosses in XRP’s price cycles. In April 2023, the price action formed a bullish cross, indicating that it might follow the trajectory of Cycle ‘B’. However, Cycle ‘C’ is currently experiencing a bearish cross, which presents both concerns and promising prospects for XRP investors. Also read: Dogecoin Eyes Golden Cross: Can DOGE Hit $0.2 In May? The concern stems from the possibility of a waiting period lasting several months before the next bullish cross occurs. On the other hand, the promising aspect of this development
Post a Comment
Read more

Whale Loses Over $8,430,000 After Capitulating on Ethereum and Two Additional Altcoins: On-Chain Data

An unknown whale has sold off their altcoin positions for a massive loss after prices dipped, according to on-chain data. First reported by blockchain tracking service Lookonchain, one whale capitulated their positions in Ethereum (ETH) and layer-2 altcoins Optimism (OP) and Arbitrum (ARB). Lookonchain says the whale, with wallet addresses beginning with 0x12199 and 0xac218, suffered losses of $8.43 million. “So sad! This whale sold all ETH, OP, and ARB at a loss of ~$8.43 million. Sold 6,714 ETH ($19.5 million) at $2,903 and lost $6.45 million! Sold 428,047 OP ($1.06 million) at $2.48 and lost $902,000! Sold 901,685 ARB ($882 million) at $0.98 and lost $1.08 million!” At time of writing, ETH is trading for $2,888, while OP and ARB are worth $2.45 and $0.962, respectively. Lookonchain also spotted a “smart money” whale accumulating several altcoins. According to the firm, one wallet beginning with 0xd876 accumulated seven figures worth of the layer-one blo
Post a Comment
Read more