Crypto News

EOS Network Foundation announces launch of EOS EVM v0.50, first major update of EOS EVM. The update will enable new yield farming opportunities for DeFi investors. EOS EVM v0.50 also includes other updates set to make EOS more optimized for DeFi. In what could be the biggest EOS news this week, the community is celebrating yet another milestone for the blockchain network – the release of EOS EVM v0.5.0. On Wednesday, the EOS Network Foundation (ENF)   announced the release had reached code completion today, revealing new liquidity benefits for the ecosystem via the integration of Yield+ Liquidity. EOS EVM v0.50 also includes key updates on network optimization and improvements to user experience for EOS’ developer community. First major update to EOS EVM V0.50 is the first major EOS EVM version since the EOS Network Foundation, the lead developers of EOS (EOS) , launched the EOS Ethereum Virtual Machine mainnet. The beta launch went live in mid-April, around the same ti...

At press time, the price of the XDC token was $0.03539. The token had gained 12.88% in the last 24 hours at the time of writing. The token is trending after XDC Network formed a strategic partnership with SBI Group’s subsidiary SBI VC Trade in Japan. The XinFin Digital Contract (XDC) token has been the talk of the day following its splendid performance after XDC Network announced that it has inked a strategic partnership with SBI VC Trade, a subsidiary of SBI Group.  The partnership, which is a major milestone for the XDC Network also referred to as the XinFin Network, is aimed at enhancing trade finance efficiency in Japan by ensuring that the SBI VC Trade provides comprehensive services to customers in Japan. It comes after the recent XDCNFT launch by the BlocksWorkz tech firm causing an XDC price Bull Run. The Japanese finance market sees an annual trading volume of about 2,000 trillion Yen and XDC Network’s involvement in the market is beneficial for both the network ...

The Swiss-based non-profit said the funding was led by CMCC Global and backed by Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, and NGC. Anoma will use the funds to accelerate development of its third-generation intent-centric blockchain architecture. In recent weeks, Anoma has submitted proposals to airdrop its NAM token to Zcash and Osmosis holders. Anoma Foundation, the Swiss-based non-profit behind L1 privacy blockchain Namada, has successfully completed a $25 million fundraising round. In an announcement on Wednesday, Anoma said the round was co-led by CMCC Global, a leading blockchain-focused venture capital firm. According to the foundation, also backing it are several prominent investors including Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, and NGC. Others were MH Ventures, Perridon Ventures, Anagram Bixin Ventures, No Limit, Plassa and Factor. Anoma also received backing from more than 30 angel investors from across L1s, dApps and ZK cryptogr...

Key takeaways MCADE is up by more than 13% over the last seven days and is now trading above $0.024. The rally comes as the crypto market recovers thanks to the debt ceiling agreement over the weekend.  The cryptocurrency market has underperformed for the best part of May. Bitcoin, the world’s leading cryptocurrency by market cap, is down by nearly 5% since the start of the month. However, the market has had relief this week, with Bitcoin up by more than 3% over the past few days. MCADE, the native coin of the Metacade ecosystem, is also up by more than 6% in the last seven days. The imminent debt relief vote in the United States has seen the sentiment in the market become positive. US debt ceiling vote set for tomorrow An agreement was reached between President Biden and the House leadership on the United States debt ceiling over the weekend. The House leadership has agreed to suspend the federal government’s $31.4 trillion debt ceiling. While the deal was struck bet...

Nvidia’s march to a $1 trillion market cap has been helped by the AI boom. The company joins Apple, Microsoft, Alphabet, Amazon and Saudi Aramco in this exclusive club. Crypto AI tokens like Render, SingularityNET, Fetch.ai and Akash Network have also surged amid the AI hype. Nvidia Corp (NVDA) joined an elite club of U.S. companies sporting a $1 trillion market value on Tuesday, as investors piled into the chipmaker that has quickly become one of the biggest winners of the AI boom . The growing positive forecasts around AI are also cascading into the ecosystems of leading artificial intelligence-powered cryptocurrencies. Many of these rose on Tuesday. Akash Network (AKT) , which provides an open and P2P marketplace for cloud resources, saw the native token rise nearly 20%. Dynex (DNX) , a neuromorphic supercomputer, rose 35%. Meanwhile, top AI tokens that have soared in recent weeks amid the broader market hype including Render (RNDR) , SingularityNET (AGIX) and Fetch.ai (FET)...

Key takeaways AltSignals has raised more than $840k in its presale. The ASI token is going for $0.015 during the presale and could rally higher once it lists on exchanges.  The cryptocurrency market has been performing well since the start of the week. The prices of most coins and tokens are trading in the green zone. Indicating that the market sentiments have improved.  The rally comes thanks to the debt ceiling agreement in the United States. With Bitcoin and other cryptocurrencies performing well so far, it would be intriguing to look at the price prospects of tokens in presale like AltSignals. AltSignals recently crossed a new threshold in its funding effort. The development team has raised more than $800,000 so far and could achieve its objective soon. With that possibility in mind, investors would be watching the project and see how its price would perform in the near term.  AltSignals token set to hit the desired milestone soon Artificial intelligence ...

IOTA price rose as high as $0.22 as Bitcoin retested $28k for the first time in weeks. Ethereum price also rose on Tuesday, breaking above $1.9k as sentiment on US debt ceiling deal buoyed markets. IOTA price is out of a descending triangle but needs to hold above $0.20 to maintain the upside advantage. IOTA price rose as high as $0.22 on Tuesday as sentiment flipped positive for the Tangle token.  As of writing, the IOTA/USD pair was trading around $0.21 about 5% up in the past 24 hours and over 20% up in the past month. Indeed, IOTA’s gains over the past day had seen the token tap a one-month high, with the last time it traded above $0.22 being in mid-April. IOTA gains as Bitcoin tests $28k The gains for IOTA coincided with an uptick for Bitcoin price , with BTC surging to above $28k for the first time in nearly three weeks. The upside for the bellwether cryptocurrency happened amid a flip in investor sentiment across the broader market as the US struck a deal to raise i...

TORN price was down 3% and traded near $4.09. Binance had on Monday announced it would be resuming TORN deposits. The Tornado Cash DAO suffered a security breach as an attacker leveraged a malicious proposal to drain the treasury. The price of Tornado Cash (TORN) was down more than 3% on Tuesday morning and traded around $4.09 over the 24-hour period. TORN’s price had lost more than 11% over the past week, with the value of the Ethereum -based mixing service’s native token having traded lower since May 20. Binance’s resumption of TORN deposits Tornado Cash price fell more than 50% (from highs of $7.16 to under $3.60 within 24 hours) on May 20 as the decentralized privacy solution’s DAO suffered a governance breach that saw an attacker drain it of millions of dollars’ worth of crypto. As reported , the attacker used a malicious proposal to gain control over the Tornado Cash DAO and withdrew over 483,000 TORN tokens. They proceeded to swap the tokens into Ether (ETH), laundering ...

Binance’s Changpeng “CZ” Zhao says that purchasing a bank would not be a solution to the crypto debanking issue. He cites the regulatory environment and need for a network of banking providers as key hurdles. Binance Australia was recently forced to halt AUD deposits amid a banking provider’s decision to stop the service. Binance CEO “CZ” Changpeng Zhao has expressed doubt that acquiring banking institutions would offer a solution to the growing trend of banking problems for crypto companies. According to the Binance CEO, while this is something they previously looked at, they don’t see it as a path that offers a solution to crypto. And it’s not as easy as it may sound, he said as he highlighted issues to do with policy and regulation . Binance CEO on why they haven’t acquired a bank yet CZ was commenting on the issue of crypto banking partners during an episode of the Bankless Podcast on Monday. The sentiment comes just a few days after the exchange said it was looking for a ...

Gamified asset marketplace Blocktrade says it has raised €4.5 million in an exclusive BTEX Token (BTEX) sale. The sale attracted 1,400 community members from 42 countries. Blocktrade will use the funds to grow its platform. Blocktrade, a gamified crypto asset and marketplace, has announced that it has raised €4.5 million in an exclusive sale of its BTEX token. The sale, which ran from May 5th to 18th, was open to Blocktrade VIP members and attracted over 1,400 participants from 42 countries. The BTEX token will be used to power the Blocktrade ecosystem, with holders able to access a variety of benefits, including reduced trading fees and participation in airdrops. Blocktrade CEO Christian Niedermueller said that the successful token sale is a testament to the growing demand for the platform’s gamified crypto service.  “ We are grateful for the overwhelming response and participation by Blocktrade VIP members to this exclusive token sale round,” Niedermueller added. “This ...

Bitcoin miners’ revenue from fees dropped 90% since the BRC-20 peak, from $17.8 million daily to $1.7 million per day as of 29 May, 2023. However, current levels remain within historical levels with only 310 out of 4674 trading days having seen greater fees. In 2018, transaction fees were higher than recent highs only on two trading days. Bitcoin miner revenue from transaction fees has declined significantly since the BRC-20 frenzy that drove network activity higher earlier in the month. Bitcoin mining is a key component of the flagship cryptocurrency’s network operations and miners earn from the set subsidy as well as transaction fees. BRC-20 tokens are a type of fungible tokens created on the Bitcoin blockchain. They are ordinal inscriptions that can are used to represent a variety of things, including digital assets and loyalty points. Miner revenue from fees falls sharply after BRC-20 frenzy According to data from Glassnode, a leading on-chain and financial markets data pl...

Fantom blockchain will reward projects that contribute toward high usage of gas fees. The move aims at driving increased demand for block space. Eligible applications will be rewarded 15% of the gas fees they produce. In a move to drive demand for block space on the Fantom blockchain, the blockchain has announced that it will reward projects that use the network and contribute high usage gas fees. Eligible applications will be given back 15% of the gas fees they produce thus giving developers some extra income. The move is also expected to help add value to the FTM token , which at press time was trading at $0.3405, up 2.21% in the past 24 hours. Fantom dApp Gas Monetization Program The recent announcement is part of Fantom’s initiative called the “dApp Gas Monetization Program,” which was passed through a community governance vote earlier this year. The dApp Gas Monetization Program proposal sought to bring down Fantom’s current token burn rate to direct more network fees to...

MASK price is up by double digits today and 17% this past two weeks. Most of the gains have come after the team announced it had invested in The Open Network (TON) network. MASK price remains nearly 90% down from its all-time high of $41.45. Mask Network (MASK), a decentralized social network seeking to bridge Web2 and Web3 apps, has seen its price increase by over 10% in the last 24 hours. The current price of MASK is $4.40. MASK price is up more than 17% this past two weeks. Why is the price of Mask Network (MASK) up today? There seems to have been no particular trigger for MASK price rallying by double-digits today. However, it is likely the project’s recent announcement of an investment in The Open Network (TON) continues to boost investor confidence and aiding buying pressure. Another reason could be the uptick seen today across the broader cryptocurrency market. Bitcoin price traded above $27k again after it came close to dipping under $26k earlier in the week. This c...

LTC bulls need to break above $93, a key hurdle below the psychological level of $100. MATIC must reclaim $1 to target the $1.30-$1.50 range, or risk dip to $0.75. Elsewhere, ARB is near a key resistance level as Arbitrum price jumps 3.9% amid the market’s reaction to US debt ceiling news. The US has reached a “tentative deal” on its debt limit crisis after a week of high uncertainty. With the news of the deal seeping through the markets, cryptocurrencies reacted slightly positively as Bitcoin and Ethereum prices rose above $27k and $1.8k respectively. The outlook was also visible across the top 10 altcoin market, with sentiment relief showing as Litecoin (LTC) , Arbitrum (ARB), and Polygon (MATIC) moved up. Even then, markets remain largely weak as May comes to a close. Here is what a respected crypto analyst has predicted for LTC, ARB and MATIC. Litecoin price prediction: $93 key to LTC bulls In March, LTC creator Charlie Lee offered a huge Litecoin price prediction. Pointi...

MakerDAO is considering a proposal to raise the Dai savings rate (DSR). This follows the last change that saw DSR increase to 1%, attracting over 35 million DAI deposits in a month. If approved, the latest proposal would see the DAI savings rate increase from the current rate to 3.33%. MakerDAO, the decentralized finance (DeFi) protocol that issues the DAI stablecoin, has proposed an increase of the Dai savings rate (DSR) to 3.33%.  The proposal comes a few months after a vote to raise the DSR to 1% from 0.6% saw over $35 million worth of the stablecoin deposited within a month. The latest change was put forward by DeFi platform Block Analitica and is subject to an Executive Vote by MKR holders.  MKR is the governance token of the Maker lending protocol. “ The Dai Savings Rate (DSR) is a fundamental component within the Maker Protocol system, offering users the opportunity to deposit DAI and receive a consistent interest rate. This interest is accrued in real-time, ...

Bitcoin supply in loss has risen to 68%, with 6.67 million BTC under water water at current spot price. Indeed, on-chain data shows 2.71 million BTC has fallen into loss as Bitcoin price dropped from the $31k local top. With sell-side risk ratio approaching its all-time lows, Glassnode analyst James Check says BTC could see a big move to either side. Bitcoin’s price has dropped about 14.6% since rejecting at the local top of $30.9k, and the result has been a sharp rise in the total amount of supply in loss. The leading cryptocurrency’s current spot price is around $26.4k, after the week was spent in a tight range below the key resistance level of $27.6k. Although Bitcoin retested levels above $28k multiple times this month, the drawdown below $27k has bulls staring at a potential dip to support at $25k or lower. But even as this outlook materializes, about 2.71 million BTC has drifted underwater. The BTC supply in loss, according to data shared by on-chain analytics platform G...

The Metacade community is only counting days to the launch of the much anticipated Metacade Lite. MCADE price has started responding to the hype on the upcoming Metacade Lite launch. At press time, MCADE was trading at $0.02229, up 5.44% in the last 24 hours. Metacade is gearing up for releasing its Metacade Lite version to the public soon, details of which can be confirmed in the recent AMA held on 24 May 2023 . As the CEO of Metacade embarks on AMAs to explain the current status of the project, it is important to point out that the project hit all the milestones set in its roadmap for Q1, 2023. The team is currently working to hit the targets set for this quarter including the launch of the Create2Earn platform that will allow users to sample the game-changing gaming experience that comes with Metacade’s unique approach to play-to-earn (P2E). What is Metacade and what does it offer? Metacade is a blockchain gaming platform that aims to become the largest Web3 gaming arcade. ...

Sui (SUI) fell below $1, while Bitcoin and Ethereum dropped below key levels at $26,500 and $1,800 respectively. Altcoins were selling off on Wednesday as the global cryptocurrency market cap dropped to $1.15 trillion, down 2.6% at the time of writing. A confluence of headwinds, including the uncertainty around the US debt ceiling talks and possible default were likely triggers. The price of Sui (SUI) fell below $1 on Wednesday as the broader cryptocurrency market continued to sell-off after recent declines catalysed by macroeconomic news events. At the time of writing, SUI traded at $0.97, about 7.6% down in the past 24 hours and -16% over the past seven days. The token’s daily trading volume was just over $235 million, up 115% from a day earlier as selling pressure mounted. Today’s declines for Sui sees its price below the dollar for the first time since its token launch for trading on exchanges. On 3 May 2023, SUI reached its all-time high price of $2.16. At the current valu...

Binance CEO Changpeng Zhao says China’s state TV crypto broadcast is “a big deal.”  He notes that previous coverage has historically been bullish for crypto. His comments come as Bitcoin price struggled to stay above $26k on Wednesday. Binance CEO Changpeng Zhao, popularly known as CZ, says China broadcasting a crypto segment on state broadcaster China Central Television is “a big deal” and that such broadcasts have previously coincided with a subsequent uptick in crypto prices. According to CZ, the broadcast has “Chinese speaking communities buzzing,” given how such coverage of Bitcoin have ended with crypto price rallying. “It’s a big deal. The Chinese speaking communities are buzzing,” he tweeted on Wednesday. “ Historically, coverages like these led to bull runs .” He however, noted that his comments do not mean that the “ past predicts the future .” The Binance CEO, who is one of the biggest crypto proponents in the world, added a disclaimer that his remarks did not...

Key takeaways Regulatory agencies globally have been rolling out frameworks to guide the cryptocurrency market. Europe recently approved the MiCA guideline, while Hong Kong is set to release its crypto regulatory framework soon. Crypto exchange Bitget said it supports all regulations designed to advance the cryptocurrency industry.  Cryptocurrency regulation begins to take shape globally The past few months have been interesting for the cryptocurrency industry in terms of regulation. Despite the ongoing bear market, regulators around the world have been busy rolling out regulatory frameworks for the crypto sector. In the United States, the Securities and Exchange Commission (SEC) has stated that the existing securities laws in the US cover cryptocurrencies and no new laws are needed. However, that is not the case in the United States. In Europe, the European Union has chosen to adopt MiCA, or Markets in Crypto Assets, to regulate the cryptocurrency industry. Earlier...

Bitget has registered as a virtual asset service provider in Poland. The crypto exchange had registered in Lithuania as well in April. Bitget ended the first quarter with a 146% increase in BGB holders. Bitget has successfully registered as a VASP – Virtual Asset Service Provider in Poland, the crypto exchange confirmed in a press release on Tuesday. Bitget continues to expand in the EU region The crypto market news reiterates that Bitget remains committed to expanding globally despite the ongoing market volatility. Today’s development enables the crypto derivates platform to legally offer its services in/from Poland in compliance with the country’s regulations. According to its Managing Director Gracy Chen: Regulation is future of crypto industry [for] mainstream adoption. We embrace various regulatory frameworks and actively cooperate with governmental bodies to bring upon a better ecosystem. Bitget now serves over 8 million users across more than 100 countries/regions a...

Bitcoin could see a volatile phase within the $40k and $22k price range, James Check, lead on-chain analyst at Glassnode says. BTC’s sell-side risk ratio is approaching an all-time low, with traders on both sides showing exhaustion after recent price action. The flagship crypto traded at $26,400 on Wednesday, about 3% down in the past 24 hours. On-chain metrics for Bitcoin suggests the flagship cryptocurrency could be looking at massive price moves in the short term. After struggling to break the $27,600 resistance level following dips from above $28,000, crypto experts have opined BTC could flip to new support. On the other hand, fresh impetus could catapult the asset past its year-to-date high of $31,000. The outlook is down to on-chain data suggesting traders on both sides are exhausted, Glassnode lead analyst James Check says . Also going by the pseudonym “Checkmate” on Twitter, the analyst noted: “ Bitcoin Sell-side Risk ratio is approaching all-time lows. This indicate...

Synthetix has added 7 new perpetual futures markets for XRP, DOT, FLOKI, INJ, PEPE, SUI and BLUR. The protocol will also add support for TRX, with the new perps markets available on perps trading front-ends Kwenta, Polynomial, Decentrex, and dHEDGE. Synthetix now provides SYN liquidity for 40 perpetual futures markets. Synthetix , a decentralised derivatives trading platform built on Optimism and Ethereum , has added 7 new perpetual futures markets, including for some tokens currently attracting huge interest. According to the derivatives protocol’s blog announcement on Wednesday, 24 May, the new markets feature XRP(XRP), Polkadot (DOT), Floki Inu (FLOKI), Injective (INJ), Pepe (PEPE), Sui (SUI) and Blur (BLUR).  The listing of the seven new perpetual futures markets bring the total perps markets on Sythentix to 40, the platform noted. Fantastic news! Synthetix Perps now supports $PEPE , $SUI , $BLUR , $XRP , $DOT , $FLOKI , and $INJ . 7 new markets & 300K in $OP tr...

Bitcoin price rose to $27,500 on Coinbase early Tuesday, with the upside coinciding with positive crypto news from Hong Kong. This is after the Securities and Futures Commission (SFC) announced that registered exchanges will begin allowing retail investors to trade BTC and ETH from 1 June. Analysts say Bitcoin’s immediate price outlook needs a break above $27,600 for bullish continuation. Bitcoin (BTC) traded to highs of $27,500 on Coinbase as crypto prices bounced earlier on Tuesday. The upside for the world’s largest cryptocurrency by market cap came amid an extended struggle around the 27k area, and happened as bulls capitalised on positive market reaction to news out of fast-growing crypto hub Hong Kong. However, as of writing, the price of Bitcoin was hovering near $27,200 as bulls retreated from the resistance level marked by the 20-day moving average on the daily chart. BTC price rose amid positive news from Hong Kong On Tuesday, crypto news out of Hong Kong was that ...

KAVA price jumped more than 40% despite the overall market lull, reaching highs of $1.56 on Binance. While there was no clear trigger for the surge, Kava has had a few major developments in recent weeks. KAVA currently trades around $1.17 and is in danger of giving up all the gains if profit taking deals intensify. The price of KAVA is up about 9% in the past 24 hours as at 9:30 am ET on Tuesday, 23 May. The KAVA/USD pair is trading around $1.16 amid increasing pressure from profit takers.  But before the current sell-off pressure, the price of the Cosmos zone token had rallied more than 40% to hit its highest level since November 2022. Kava price sliding after rally to multi-month high The price of KAVA rose to $1.56 on leading cryptocurrency exchange Binance, with the token spiking 44% from lows of $1.08.  The token’s value was up nearly 63% in the past 30 days. Kava price jumped more than 40% on Tuesday morning as shown in this chart. Source:  TradingView K...

bemo says DWF Labs will be the first liquidity provider to stake TON. TON holders will deposit TON on bemo and receive staked TON (stTON). Users can start staking with as low as 1 TON. bemo , one of the leading decentralised finance (DeFi) platforms and liquid staking provider, has announced the launch of the first ever liquid staking protocol on the The Open Network (TON) blockchain. The launch follows a partnership between the DeFi platform and DWF Labs, a leading digital assets market maker and top Web3 investment firm. TON liquid staking- how it works According to details on the bemo website, TON holders can earn passively from their tokens when they deposit TON on bemo. In return, they receive staked TON (stTON) that can be transferred or traded or put to work in the DeFi ecosystem. Users can start staking with as low as 1 TON, which is significantly lower compared to the widely required minimum stake of 10,000 TONs on other platforms. DWF Labs becomes first LP to stake ...

Gamban Company has blocked crypto trading platforms. Every regulated gambling site in the UK is part of GamStop. One of Gamstop’s options may be restrictions on the amount of currency that can be deposited or withdrawn as winnings. As the level of gambling platforms grows, the quality and range of impact of various programs and tools for blocking online casinos or bookmakers grow. The first such case was a controversial decision of the Gamban Company, which blocked crypto trading platforms although they were engaged only in the gambling category. Gamban block on crypto trading Gamban`s decision to block crypto trading operations and various platforms surprised many. If earlier the Gamban program was only a part of the gambling ecosystem, providing various tools for restrictions, now users do not have access to the crypto. The reason for this is the analysis and research by the company, the result of which showed a connection between cryptocurrency and gambling. The community r...