Crypto News

Metacade price has jumped 4% in the past 24 hour as bulls bounced off a key support level. With Metacade building the ultimate Web3 hub, interest in MCADE could see its price rally in coming months. The price prediction for Metacade however also takes into account potential headwinds around broader risk asset markets. Metacade price has bounced off a key support level to give bulls some joy. The token is currently trading at $0.021, up 4% in the last 24 hours. MCADE/USD is up 20% in the past week, while the 24-hour trading volume is $226,368, up 57%. Price has given up even more gains before, which means profit taking is likely to curtail bulls’ movement. But can buyers establish a footing and rebound even higher, especially with Metacade building the ultimate Web3 hub and MCADE available to the broader market after hitting major cryptocurrency exchanges? Metacade price prediction At current price levels, MCADE looks like a solid buy. The rally to the all-time high above $0.0...

OKX has filed an application in France to become a registered Digital Asset Provider (DASP). The AMF and ACPR have set rigorous requirements that DASP operating in France must comply with. OKX in April incorporated OKX France. A month after OKX  incorporated OKX France, the cryptocurrency exchange has today announced that it has applied for regulatory approval in France. OKX is currently the second-largest cryptocurrency exchange by trading volume and the leading Web3 technology company. Filling to be registered as a Digital Asset Service Provider (DASP) will see the exchange evaluated under the rigorous requirements set out by Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR). OKX to offer a suite of products and services in France If granted registration, OKX will offer a suite of services and products to French citizens in compliance with local regulations. France is known for a sound and transparent regulatory framewo...

Litecoin, Avalanche see inflows even as crypto outflows hit 5th consecutive week Bitcoin represented most of the negative sentiment with $33 million worth of outflows. Germany lead in terms of regions with 73% of the total outflows. Litecoin and Avalanche recorded some investment products inflows last week, defying sentiment across the broader crypto investment products market. Indeed, the inflows into exchange traded funds and other products for LTC and AVAX mirrored a broader outlook for altcoins – except for Ethereum which recorded $1 million in outflows. Avalanche and Litecoin saw $0.7 million and $0.3 million respectively. Elsewhere, Blockchain equity ETFs accounted for minor outflows of $2 million to see the second consecutive week of negativity. Bitcoin sees $33 million in outflows According to data from digital assets manager CoinShares, digital asset investment products saw outflows totaling $32 million for the week ending May 19. This represented the fifth consec...

Amid price struggles, on-chain metrics show Bitcoin and Ethereum volumes have dried up. BTC volume has fallen from over $40 billion worth of trade to just above $11.4 billion while ETH volume declined from near $20 billion to about $4.6 billion. Bitcoin price is hovering near $26,800 while Ethereum price is currently just above $1,820. The cryptocurrency market continues to battle the negative flip seen in recent months. It’s a scenario that has seen Bitcoin and Ethereum prices unable to reclaim key technical areas following a dearth of momentum in the past few weeks. New on-chain data confirms these price action struggles via the trading volume for both coins. Altcoin volume has also really “dried up,” the data shows. BTC and ETH volume dry up as prices struggle According to on-chain data from Santiment the combined trading volumes of BTC and ETH are currently at their lowest level in over a year. The on-chain analytics platform also notes that the crypto mega caps are seei...

At press time, the price of STEPN (GMT) was $0.2922, after a 7.90% surge in the last 24 hours. STEPN has integrated Apple Pay into their platform. It is the first blockchain gaming app to integrate Apple Pay. STEPN (GMT) price has taken to the skies today after the STEPN team announced that they had successfully integrated Apple Pay into the platform. STEPN, a leading Web3 move and earn application, follows a dual-token model with a utility token called GST and a governance token called GMT, which is also tradable on the secondary market. The GST token has an unlimited supply it is earned when a user/member makes movements.  is the app’s currency that is earned for movement. It has several burn mechanisms to avoid inflation; for example, it is used to mint or repair sneakers, level up sneakers, and upgrade gems. The GMT token on the other hand is earned after users level up their sneakers to level 30. Buying STEPN products and upgrades using Apple Pay Following the integ...

ConsenSys says allegations about MetaMask as false The section in its terms referred to in allegations that MetaMask collects taxes on crypto only applies to given products and paid plans that the company offers, not MetaMask. The particular products and plans are also those that involve sales tax only. ConsenSys, the company behind the popular MetaMask crypto wallet, has denied claims that it collects taxes on crypto transactions.  The Ethereum blockchain software firm says that the allegations are “false” and that it has not made any changes to its terms of service to reflect this. ConsenSys says allegations about MetaMask are false The uproar appears to have stemmed from a section of MetaMask’s terms of service that states that the wallet retains “ the right to withhold taxes as necessary .” However, in a Twitter thread clarifying the T&Cs, ConsenSys says that the section only applies to specific products and paid plans that the company offers. It does not apply t...

The securities commission said Huobi was operating in the country without registration. The exchange was ordered to disable its website and mobile apps. Huobi was also ordered to cease circulating, publishing or sending advertisements to Malaysian investors. The Securities Commission Malaysia (SC) has today ordered Huobi Global cryptocurrency exchange to stop its operations in the country. The regulator told the exchange’s CEO Leo Li to disable its website and mobile applications because the exchange was operating a digital asset exchange without registration. It also told Huobi Global to stop circulating, publishing or sending advertisements to Malaysian investors. Operating without registration from the SC The Malaysian SC accused the crypto exchange of operating a digital asset exchange without obtaining a registration from the regulator as a Recognized Market Operator, which is an offence under the Capital Markets and Services Act. The regulator gave CEO Leon Li the task o...