Since the beginning of April, there has been a surge in the creation of new tokens, surpassing 1 million in total. Ethereum saw over 370,000 new tokens emerge, while Solana witnessed the launch of over 640,000 new tokens, primarily memecoins. Of the 372,642 new tokens introduced on the Ethereum network, a significant portion, 327,553, were … Read more
The price of Ethereum is aiming for a potential upward breakthrough beyond the $2,900 mark. For Ethereum to sustain its upward momentum in the short term, it needs to establish stability above key resistance levels at $2,900 and $2,940. Ethereum Price Is Expecting Another Rise Similar to Bitcoin, the price of Ethereum failed to stay … Read more
The Insolvency Service of the UK government has closed down a cryptocurrency advisory company due to financial mismanagement and the misplacement of investors’ funds. The firm purportedly offered investment assistance while endorsing crypto schemes that led to substantial losses for investors, amounting to millions of pounds. False Crypto Expert Firm Closed The UK government released … Read more
South Korea’s National Tax Service (NTS) revealed that it has sold off crypto assets worth over $800,000, which were previously seized from individuals involved in tax evasion. During a press briefing at its headquarters in Seoul on May 14, the NTS showcased some of the assets confiscated during raids targeting taxpayers with significant debts and … Read more
Vitalik Buterin, the co-founder of Ethereum, has introduced a new Ethereum Improvement Protocol (EIP-7706) focused on revising the gas model for transaction call data. Currently, Ethereum transactions incur two types of gas fees: one for transaction execution, covering computational efforts, and another for storage, related to storing data in “blobs.” Buterin’s EIP-7706 proposes a third … Read more
CoinGate, a well-known cryptocurrency payment processor, has unveiled the incorporation of the Solana (SOL) network into its payment gateway. Effective today, May 14, merchants have the option to receive Solana (SOL) as a form of payment currency through CoinGate’s platform. Furthermore, the USD Coin (USDC) stablecoin is set to launch on the Solana network, with … Read more
On Monday, Paradigm, a crypto over-the-counter liquidity network, announced the launch of a block trading facility on the leading derivatives exchange Deribit for options linked to major alternative cryptocurrencies MATIC, SOL, and XRP. Paradigm stated on X that clients can now execute block trades in Polygon (MATIC), Solana (SOL), and Ripple (XRP). These linear options … Read more
Senators Ron Wyden and Cynthia Lummis have expressed significant apprehension regarding the existing crypto regulations in the US, particularly focusing on the Department of Justice’s (DOJ) recent position concerning non-custodial crypto asset software services. In a letter addressed to Attorney General Merrick Garland, they contend that the DOJ’s understanding of federal laws poses a risk … Read more
Cardano (ADA) continues to struggle with a bearish trend, with technical analysis suggesting the likelihood of further losses for the token. The lack of demand and minimal bullish sentiment contribute to its stagnant performance. Both Bitcoin (BTC) and Cardano are experiencing resistance levels, with BTC hovering between $60.8k and $63.3k, while Cardano remains within the … Read more
Industry stakeholders in the UK are confident that the upcoming national election won’t hinder the progress the country has made in regulating the crypto sector. Despite no official election date yet, it’s anticipated to occur this year. The current Conservative government, in power for almost 14 years, has been actively implementing crypto-related measures since 2022, … Read more