Stocks
South Korean Police Arrest 34 in Swoop on Crypto-powered Drugs Smuggling Ring
South Korean police have arrested 34 people in a raid on a suspected crypto-powered drugs smuggling ring, officers announced on May 16. Per Newsis, police seized 90,000 doses of drugs including methamphetamine (crystal meth), synthetic marijuana, and ketamine. Officers said the ring used Vietnam-based smugglers to hide the drugs in…
Read More »Ethereum Price Prediction as Daily Trading Volume Surpasses $13.5 Billion – Are Whales Accumulating ETH?
The Ethereum (ETH) price is under pressure on Thursday, having now fallen 3.3% on the back from above $3,040 to current levels around $2,930, amid high daily trading volumes of $13.5 billion, as per Yahoo Finance data. Ether has now all but erased Wednesday’s post US CPI gains, weighed as…
Read More »Institutional Bitcoin Adoption Is Just Getting Started, Says Anthony Scaramucci
Skybridge Capital co-founder Anthony Scarmucci believes new entrants to Bitcoin are still early, with institutional adoption of the asset only just ramping up. Anthony Scaramucci On Institutional Bitcoin Investment During an interview with CNBC on Thursday, the investor said that institutional adoption is “happening now,” and that he expects more…
Read More »Tether and TON Partner with Oobit for USDT-to-Fiat Transactions via Mobile App
Tether Operations Limited, the largest entity in the digital asset ecosystem, announced a strategic partnership with Oobit, a mobile payment app, and the TON Foundation on May 16. The partnership comes after Tether launched USDT and XAUt on The Open Network (TON) in April. Tether and TON Foundation Partner with…
Read More »Community Launches Decentralized Memecoin To Take Anti-SEC Stance
In response to the Securities and Exchange Commission (SEC) ‘s increasing regulatory scrutiny of the cryptocurrency industry, a small group of community members launched a decentralized anti-SEC memecoin called NotWifGary (NWG) on May 16. The memecoin project will take an anti-SEC and pro-Ethereum stance, rallying support for open-source developers and…
Read More »Mastercard’s Start Path Welcomes Five Startups to Develop Blockchain Use Cases
Mastercard announced the selection of five startups to participate in its Start Path blockchain and digital assets program on Wednesday to foster innovation in blockchain technology and digital asset utilization. As part of Mastercard’s new initiative, these startups will explore new ways to use money to address real-world challenges, enhance…
Read More »After Bringing 10,000% Returns to Early Supporters, Gaming Meme Coin $SPONGE Polls X Followers About Lucrative Staking Rewards
Thursday, May 16, 2024 – Sponge ($SPONGE), a popular new meme coin that has brought early supporters returns of 10,000%, has launched a social media poll asking the community for direction on how to distribute the project’s lucrative staking rewards. The poll will run from May 16th to May 21st.…
Read More »India’s SEBI Open to Crypto Oversight, RBI Seeks Stablecoin Ban
The Securities and Exchange Board of India (SEBI) proposed a collaborative effort among regulators to oversee cryptocurrency trading on Thursday, while the Reserve Bank of India (RBI) seeks a stablecoin ban. SEBI’s proposition signals a willingness to embrace private virtual assets – an approach previously not seen in India. The…
Read More »SOL Meme Coin Sealana Presale Zooms to $1,230,000 as Smart Money Jumps Onboard
Thursday, May 16, 2024 – As the Solana price sets its sights on $200, it is meme coins like Sealana ($SEAL) that are making a splash, as its presale accelerates towards the finish line. Sealana has raised $1,230,000, with no sign that the appetite for SOL meme coins is letting…
Read More »Dogecoin Creator Expresses Pessimistic Stance on Spot Ether ETF Approval
The US Securities and Exchange Commission (SEC) has yet to decide on spot Ethereum exchange-traded funds (ETFs). On May 16, Billy Markus, co-founder of Dogecoin, voiced his doubts about their approval, saying that the SEC is “compromised” and may not approve the ETFs. Markus made his skeptical comment in response…
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