Binance to Remove Fees for Some Ethereum Transactions
Binance – the world’s largest digital currency exchange by daily trading volume – says it’s looking to give crypto fans a break by expanding its fee-free services and transaction capabilities to include Ethereum.
Binance Says It’s Eliminated Fees for Some ETH-Based TransactionsThe goal is to enable all Ethereum-based transactions to be free of additional charges. The move correlates with the big “Merge” that everyone’s been talking about for the past several months. With Ethereum moving from a proof of work (PoW) module to proof of stake (PoS), the world’s second largest digital currency by market cap and the primary competitor to bitcoin is slated to become far more energy efficient. It will also reportedly become cheaper and enjoy faster speeds.
Binance has said that as a means of supporting the Merge, all traders utilizing the company’s stable currency BUSD to trade Ethereum will be subjected to zero fees. The company says the Merge will likely be one of the most important aspects of the crypto industry and will go down in the history books as a significant milestone that brought the world of digital assets closer to what Satoshi Nakamoto (the creator of bitcoin) and others initially envisioned.
Binance – the world’s largest digital currency exchange by daily trading volume – says it’s looking to give crypto fans a break by expanding its fee-free services and transaction capabilities to include Ethereum.
Binance Says It’s Eliminated Fees for Some ETH-Based TransactionsThe goal is to enable all Ethereum-based transactions to be free of additional charges. The move correlates with the big “Merge” that everyone’s been talking about for the past several months. With Ethereum moving from a proof of work (PoW) module to proof of stake (PoS), the world’s second largest digital currency by market cap and the primary competitor to bitcoin is slated to become far more energy efficient. It will also reportedly become cheaper and enjoy faster speeds.
Binance has said that as a means of supporting the Merge, all traders utilizing the company’s stable currency BUSD to trade Ethereum will be subjected to zero fees. The company says the Merge will likely be one of the most important aspects of the crypto industry and will go down in the history books as a significant milestone that brought the world of digital assets closer to what Satoshi Nakamoto (the creator of bitcoin) and others initially envisioned.
Sharp Decline in Retail Investments As Bitcoin Braces For Tough Times
Bitcoin has been experiencing a sharp decline in retail investments for 426 days since last year’s great miner migration out of China. According to a recent network analytics report by Glassnode, the decline equates to the retail investor purge experienced for 474 days during the infamous 2018 bear market.
This comes even as the Bitcoin price fell to $18,309 this week, being the lowest it has been this year. In fact, some predictions showed that the cryptocurrency will remain bearish for the rest of 2022 and could be starting its worst days in the coming weeks.
Bitcoin has been experiencing a sharp decline in retail investments for 426 days since last year’s great miner migration out of China. According to a recent network analytics report by Glassnode, the decline equates to the retail investor purge experienced for 474 days during the infamous 2018 bear market.
This comes even as the Bitcoin price fell to $18,309 this week, being the lowest it has been this year. In fact, some predictions showed that the cryptocurrency will remain bearish for the rest of 2022 and could be starting its worst days in the coming weeks.
GameStop NFT Marketplace Launches on Leading Ethereum (ETH) Layer-2 Blockchain
An Ethereum-based layer-2 blockchain is announcing that GameStop’s marketplace for digital collectibles has officially launched and is now live on its platform.
In a statement, ImmutableX says the American video game retailer’s non-fungible token (NFT) marketplace will give millions of GameStop players and GameStop Powerup Pro loyalty customers access to a wide array of web3 games and NFT gaming assets.
An Ethereum-based layer-2 blockchain is announcing that GameStop’s marketplace for digital collectibles has officially launched and is now live on its platform.
In a statement, ImmutableX says the American video game retailer’s non-fungible token (NFT) marketplace will give millions of GameStop players and GameStop Powerup Pro loyalty customers access to a wide array of web3 games and NFT gaming assets.
JPMorgan Chase CEO Jamie Dimon Likens Crypto to Pet Rocks — Calls for More Regulation
JPMorgan Chase CEO Jamie Dimon says crypto tokens are like pet rocks. The executive also believes crypto regulation should be strengthened, stating: “The regulators who beat up on banks should maybe focus a little more on crypto.”
JPMorgan Chase’s Jamie Dimon Compares Crypto to Pet RocksThe chairman and CEO of global investment bank JPMorgan Chase, Jamie Dimon, talked about crypto and its regulation following the collapse of crypto exchange FTX in an interview with CNBC Tuesday.
JPMorgan Chase CEO Jamie Dimon says crypto tokens are like pet rocks. The executive also believes crypto regulation should be strengthened, stating: “The regulators who beat up on banks should maybe focus a little more on crypto.”
JPMorgan Chase’s Jamie Dimon Compares Crypto to Pet RocksThe chairman and CEO of global investment bank JPMorgan Chase, Jamie Dimon, talked about crypto and its regulation following the collapse of crypto exchange FTX in an interview with CNBC Tuesday.
Global Recession Will Push Bitcoin Price to Remarkable Highs In 2023 — Bloomberg Analysts
Bitcoin’s turbulent performance in 2022 hasn’t deterred big players from predicting a promising run for the asset in 2023. Bloomberg is one such platform with a bullish outlook on Bitcoin and presents notable reasons why the asset is poised to see rapid growth in the new year.
Bloomberg cites the global recession as a bullish propeller for BitcoinIn its most recent cryptocurrency outlook, Bloomberg analysts go over the impact of the perceived global recession on Bitcoin and other digital currencies in the market.
“The rising potential for a severe global economic shutdown may be a top crypto performance factor in 2023. Our bias is that Bitcoin is most likely to come out ahead in most scenarios…” Bloomberg explains.
Bitcoin’s turbulent performance in 2022 hasn’t deterred big players from predicting a promising run for the asset in 2023. Bloomberg is one such platform with a bullish outlook on Bitcoin and presents notable reasons why the asset is poised to see rapid growth in the new year.
Bloomberg cites the global recession as a bullish propeller for BitcoinIn its most recent cryptocurrency outlook, Bloomberg analysts go over the impact of the perceived global recession on Bitcoin and other digital currencies in the market.
“The rising potential for a severe global economic shutdown may be a top crypto performance factor in 2023. Our bias is that Bitcoin is most likely to come out ahead in most scenarios…” Bloomberg explains.
Morgan Creek’s Mark Yusko Forecasts Future of Crypto Exchanges, Says Next Bitcoin Bull Run Is Inevitable
Morgan Creek Capital CIO Mark Yusko is weighing in on the future of crypto and whether the industry will remain dependent on centralized exchanges.
In a new interview, the hedge fund veteran says that a time will come when the crypto space will become more decentralized.
“There is a day in the future where exchanges are less necessary, when we can have a pure DeFi [decentralized finance] or a pure Bitcoin world. We’re not there, not even close, but someday. In the interim, we need some viable exchanges.”
Morgan Creek Capital CIO Mark Yusko is weighing in on the future of crypto and whether the industry will remain dependent on centralized exchanges.
In a new interview, the hedge fund veteran says that a time will come when the crypto space will become more decentralized.
“There is a day in the future where exchanges are less necessary, when we can have a pure DeFi [decentralized finance] or a pure Bitcoin world. We’re not there, not even close, but someday. In the interim, we need some viable exchanges.”
$12,000,000,000 Asset Manager Says Investors Flocking to Bitcoin and Crypto Amid Global Banking Fallout
The CEO of the $12 billion financial advisory firm deVere Group, Nigel Green, says investors are seeking alternatives like Bitcoin and crypto as the U.S. enters a new era of quantitative easing.
In a blog post, Green says the U.S. Treasury’s actions after the fall of Silicon Valley Bank represent a new wave of money printing and financial stimulus that has investors looking at ways to preserve their capital.
Green highlights Bitcoin’s scarce supply of 21 million coins as one of the key features that makes it appealing in the current economic environment.
The CEO of the $12 billion financial advisory firm deVere Group, Nigel Green, says investors are seeking alternatives like Bitcoin and crypto as the U.S. enters a new era of quantitative easing.
In a blog post, Green says the U.S. Treasury’s actions after the fall of Silicon Valley Bank represent a new wave of money printing and financial stimulus that has investors looking at ways to preserve their capital.
Green highlights Bitcoin’s scarce supply of 21 million coins as one of the key features that makes it appealing in the current economic environment.
Hillary Clinton Warns of ‘Worldwide Financial Meltdown’ and Dollar Losing Reserve Currency Status if US Defaults on Its Debt
Former U.S. Secretary of State Hillary Clinton has warned that the U.S. defaulting on its debt obligations could lead to a global financial meltdown. “If Congress keeps flirting with default, calls for dethroning the dollar as the world’s reserve currency will grow much louder,” she stressed.
Hillary Clinton on U.S. Debt Default and Dollar Losing World’s Reserve Currency StatusHillary Clinton, a former first lady and the U.S. Secretary of State from 2009 to 2013, warned in an opinion piece, published by the New York Times Monday, about the disastrous outcomes that could result from the U.S. defaulting on its debt obligations, including the risk of the dollar losing its status as the world’s reserve currency.
“
Former U.S. Secretary of State Hillary Clinton has warned that the U.S. defaulting on its debt obligations could lead to a global financial meltdown. “If Congress keeps flirting with default, calls for dethroning the dollar as the world’s reserve currency will grow much louder,” she stressed.
Hillary Clinton on U.S. Debt Default and Dollar Losing World’s Reserve Currency StatusHillary Clinton, a former first lady and the U.S. Secretary of State from 2009 to 2013, warned in an opinion piece, published by the New York Times Monday, about the disastrous outcomes that could result from the U.S. defaulting on its debt obligations, including the risk of the dollar losing its status as the world’s reserve currency.
“
Bitcoin At $70,000? — Arthur Hayes Reveals Why This Price Level Is Unlikely To Happen Till 2024
Arthur Hayes, the co-founder and former CEO of BitMEX, has predicted a period of significant volatility for Bitcoin in the coming months before eventually surging to new highs in 2024.
In a Friday, May 26 interview with WhatBitcoinDid host Peter McCormack, Hayes predicted that Bitcoin’s price will not exceed $70,000 until next year.
“We got this halving next year, 2024. I think that’s going to be a good year. I don’t think we get up to $70,000 this year. I think next year is when we cross that barrier, and then we get the blow-off top 2025, 2026, and then it’s Armageddon,” said Hayes.
Arthur Hayes, the co-founder and former CEO of BitMEX, has predicted a period of significant volatility for Bitcoin in the coming months before eventually surging to new highs in 2024.
In a Friday, May 26 interview with WhatBitcoinDid host Peter McCormack, Hayes predicted that Bitcoin’s price will not exceed $70,000 until next year.
“We got this halving next year, 2024. I think that’s going to be a good year. I don’t think we get up to $70,000 this year. I think next year is when we cross that barrier, and then we get the blow-off top 2025, 2026, and then it’s Armageddon,” said Hayes.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
EOS Price Analysis: Bears In Control Below $0.80
EOS price is struggling below $0.75 against the US Dollar, unlike Bitcoin. The price might attempt to recover if there is a clear move above $0.720.
EOS Price AnalysisIn the past few days, EOS price saw a major decline from the $0.900 resistance against the US Dollar. The price traded below the $0.85 and $0.80 levels to move into a bearish zone.
Recently, there was a minor correction from the $0.600 zone. However, upsides were limited above the $0.770 level. A high is formed near $0.7731 and the price is again moving lower. There was a move below the $0.720 support.
EOS price is struggling below $0.75 against the US Dollar, unlike Bitcoin. The price might attempt to recover if there is a clear move above $0.720.
EOS Price AnalysisIn the past few days, EOS price saw a major decline from the $0.900 resistance against the US Dollar. The price traded below the $0.85 and $0.80 levels to move into a bearish zone.
Recently, there was a minor correction from the $0.600 zone. However, upsides were limited above the $0.770 level. A high is formed near $0.7731 and the price is again moving lower. There was a move below the $0.720 support.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 20 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 17 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 8 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
Ripple’s Asian Expansion Skyrockets: Singapore Becomes APAC Frontrunner for On-Demand Liquidity Service
Ripple is experiencing substantial growth in Asia, particularly in Singapore, where its On-Demand Liquidity (ODL) service witnessed a five-fold increase in transactions in 2022. The company plans to continue expanding its presence in the region sustainably. The Monetary Authority of Singapore has also granted Ripple in-principle regulatory approval, further boosting its prospects in the region.
Rahul Advani, Asia-Pacific (APAC) Policy Director at Ripple, said on Twitter, “With good progress being made on our Monetary Authority of Singapore (MAS) license application, Ripple is more motivated than ever to pursue our vision of revolutionising cross-border payments and developing tokenisation solutions to solve real-world problems.”
Ripple is experiencing substantial growth in Asia, particularly in Singapore, where its On-Demand Liquidity (ODL) service witnessed a five-fold increase in transactions in 2022. The company plans to continue expanding its presence in the region sustainably. The Monetary Authority of Singapore has also granted Ripple in-principle regulatory approval, further boosting its prospects in the region.
Rahul Advani, Asia-Pacific (APAC) Policy Director at Ripple, said on Twitter, “With good progress being made on our Monetary Authority of Singapore (MAS) license application, Ripple is more motivated than ever to pursue our vision of revolutionising cross-border payments and developing tokenisation solutions to solve real-world problems.”
Crypto Dark Web Drug Ring Run by Carolyn Hernandez-Taylor and Her Brother is Taken Down
A dark web drug bust that utilized bitcoin and crypto has been taken down in Detroit, Michigan. The organization was run by Carolyn Hernandez-Taylor and her brother, and the former has already pleaded guilty to the charges against her.
Carolyn Hernandez-Taylor Takes a Plea DealFBI agents raided the home of her brother, where most of the duo’s activities took place. There, they found a clandestine drug lab and thousands of counterfeit Xanax pills. They also uncovered 600 grams of cocaine, several guns, and over a million dollars in crypto assets. The machines the pair utilized in their schemes could ultimately create more than 20,000 fake pills per hour.
A dark web drug bust that utilized bitcoin and crypto has been taken down in Detroit, Michigan. The organization was run by Carolyn Hernandez-Taylor and her brother, and the former has already pleaded guilty to the charges against her.
Carolyn Hernandez-Taylor Takes a Plea DealFBI agents raided the home of her brother, where most of the duo’s activities took place. There, they found a clandestine drug lab and thousands of counterfeit Xanax pills. They also uncovered 600 grams of cocaine, several guns, and over a million dollars in crypto assets. The machines the pair utilized in their schemes could ultimately create more than 20,000 fake pills per hour.
US Mulls Tighter Restrictions on AI Chip Shipments to Chinese Firms, Report
The government in Washington is reportedly considering further limiting China’s access to U.S. processors used in artificial intelligence (AI) applications. The current restrictions, which were introduced last year, allow Chinese companies to source the chips through overseas subsidiaries.
Washington Seeks to Further Curb Chinese Access to American AI Chips, Sources SayThe administration of President Joe Biden may broaden the curbs on the shipments of U.S. semiconductors used for AI to Chinese companies to include their units abroad, Reuters reported on Friday, quoting people familiar with the matter.
The measures announced in 2022 sought to thwart Beijing’s military advances by preventing the supply of American AI chips and chipmaking tools to China. However, the initial restrictions did not cover overseas subsidiaries of Chinese firms.
The government in Washington is reportedly considering further limiting China’s access to U.S. processors used in artificial intelligence (AI) applications. The current restrictions, which were introduced last year, allow Chinese companies to source the chips through overseas subsidiaries.
Washington Seeks to Further Curb Chinese Access to American AI Chips, Sources SayThe administration of President Joe Biden may broaden the curbs on the shipments of U.S. semiconductors used for AI to Chinese companies to include their units abroad, Reuters reported on Friday, quoting people familiar with the matter.
The measures announced in 2022 sought to thwart Beijing’s military advances by preventing the supply of American AI chips and chipmaking tools to China. However, the initial restrictions did not cover overseas subsidiaries of Chinese firms.
UAE Virtual Assets Regulator Says Islamic Coin Issuer Has ‘Cooperated Fully’
Bored Gen DMCC, the issuer of islamic coin, has cooperated fully with the Virtual Assets Regulatory Authority’s ongoing investigation into the token’s issuance and distribution. Bored Gen, however, still needs to “secure appropriate approvals” before it undertakes to distribute the islamic coin (ISLM) in the Dubai market.
BG Undertook Remedial MeasuresThe United Arab Emirates (UAE) digital assets regulator, the Virtual Assets Regulatory Authority (VARA), recently revealed that Bored Gen DMCC (BG) — the issuer of islamic coin — had cooperated fully during its investigation into the issuance, marketing and distribution of the token. It added that BG had “undertaken remedial measures, including the implementation of adequate public disclosures for improved market assurance.”
Bored Gen DMCC, the issuer of islamic coin, has cooperated fully with the Virtual Assets Regulatory Authority’s ongoing investigation into the token’s issuance and distribution. Bored Gen, however, still needs to “secure appropriate approvals” before it undertakes to distribute the islamic coin (ISLM) in the Dubai market.
BG Undertook Remedial MeasuresThe United Arab Emirates (UAE) digital assets regulator, the Virtual Assets Regulatory Authority (VARA), recently revealed that Bored Gen DMCC (BG) — the issuer of islamic coin — had cooperated fully during its investigation into the issuance, marketing and distribution of the token. It added that BG had “undertaken remedial measures, including the implementation of adequate public disclosures for improved market assurance.”
CNBC’s Jim Cramer Just Flipped To Bitcoin, Asserts BTC Here To Stay After ‘Remarkable Comeback’
Long-time crypto critic Jim Cramer appears to be reconsidering his stance on bitcoin (BTC), sharing his belief in the ascendant crypto’s resilience and future Tuesday on CNBC.
Cramer’s change of heart comes ahead of what’s anticipated to be the U.S. Securities and Exchange Commission’s (SEC) regulatory approval of a spot bitcoin exchange-traded (ETF) and as the price of the asset jumped past $45,000 for the first time since April 2022.
Long-time crypto critic Jim Cramer appears to be reconsidering his stance on bitcoin (BTC), sharing his belief in the ascendant crypto’s resilience and future Tuesday on CNBC.
Cramer’s change of heart comes ahead of what’s anticipated to be the U.S. Securities and Exchange Commission’s (SEC) regulatory approval of a spot bitcoin exchange-traded (ETF) and as the price of the asset jumped past $45,000 for the first time since April 2022.
Tether (USDT) Hits $96,000,000,000 in Market Cap Following Record-Breaking Net Profit in Q4 2023
Stablecoin issuer Tether’s USDT is closing in on a $100 billion market cap after the firm saw record-breaking profits last quarter.
According to Tether’s last earnings report, the company made $2.85 billion in profits during the fourth quarter of 2023, the highest the firm has ever seen, which was largely driven by interest payments from US Treasuries.
Stablecoin issuer Tether’s USDT is closing in on a $100 billion market cap after the firm saw record-breaking profits last quarter.
According to Tether’s last earnings report, the company made $2.85 billion in profits during the fourth quarter of 2023, the highest the firm has ever seen, which was largely driven by interest payments from US Treasuries.
Inside BEFE Coins’s Surge: Exploring Why It’s the Talk of the Town Today
Cryptocurrency prices seem to be the talk all throughout. Bitcoin has been performing well hitting its new all-time high by crossing $72,000 this week. But there’s another coin that seems to be rising to fame.
Why are Cryptocurrency Prices up?The inflow of Bitcoin’s ETF has crossed the $500M mark indicating some great interest by the general population that may have missed out on the market earlier. The surge in the price of Bitcoin was followed by other coins like Ethereum and Solana surging each to about 20%-30%.
What’s the Talk of the Town?The BEFE meme coin has been gaining popularity following this bullish week. The coin has gained attention because of its uniqueness in the meme coin market. The BEFE coin can offer some great utility along with its great community of over 40K+ followers on the social media platform X.
What’s So Unique About it?BEFE was launched back in November 2023 when the meme coin market seemed to be undergoing some saturation. The glory of meme coins seemed to be lost somewhere in quick profits via pre-sales and tax. The BEFE coin aims to bring back this glory by being released with no pre-sale and no tax. Further Bitgert coin holders can stake their Bitgert and earn some BEFE. Thus providing some utility to the coin.
How Can I Get Some BEFE?The coin is available on both the BNB Smart Chain and Ethereum at PanCakeSwap and Uniswap respectively. BEFE is currently trading at $0.0004511 which is up 10% in a month. The coin reached a value of $0.0006563 this week. Be sure to check the contract address when swapping your token from the official site.
Cryptocurrency prices seem to be the talk all throughout. Bitcoin has been performing well hitting its new all-time high by crossing $72,000 this week. But there’s another coin that seems to be rising to fame.
Why are Cryptocurrency Prices up?The inflow of Bitcoin’s ETF has crossed the $500M mark indicating some great interest by the general population that may have missed out on the market earlier. The surge in the price of Bitcoin was followed by other coins like Ethereum and Solana surging each to about 20%-30%.
What’s the Talk of the Town?The BEFE meme coin has been gaining popularity following this bullish week. The coin has gained attention because of its uniqueness in the meme coin market. The BEFE coin can offer some great utility along with its great community of over 40K+ followers on the social media platform X.
What’s So Unique About it?BEFE was launched back in November 2023 when the meme coin market seemed to be undergoing some saturation. The glory of meme coins seemed to be lost somewhere in quick profits via pre-sales and tax. The BEFE coin aims to bring back this glory by being released with no pre-sale and no tax. Further Bitgert coin holders can stake their Bitgert and earn some BEFE. Thus providing some utility to the coin.
How Can I Get Some BEFE?The coin is available on both the BNB Smart Chain and Ethereum at PanCakeSwap and Uniswap respectively. BEFE is currently trading at $0.0004511 which is up 10% in a month. The coin reached a value of $0.0006563 this week. Be sure to check the contract address when swapping your token from the official site.