The new governance requires at least 75,000 votes for the proposal to be either accepted or rejected. Sweat Economy, the label behind the Sweatcoin and Sweat Wallet apps, plans to roll out a new governance vote later today in the wallet app. By doing this, the Sweat community will be saddled with the responsibility of deciding what happens to the 2 billion Sweat tokens lying idle in inactive users’ accounts. Token holders can now participate in the decision-making process by the principle...
Read More »Ethereum Is Security, Former Twitter CEO Jack Dorsey Says
There are ongoing efforts to classify Ethereum. As of now, a final decision is yet to be reached regarding whether it should be considered a security or not. Considering the arguments, predicting the final outcome is challenging. With the recent noise about cryptocurrency regulation and events such as crypto exchanges being sued for offering unregistered securities, there have been varying views from experts and high-profile individuals about the state of some specific cryptocurrencies....
Read More »Tron (TRX) Price Analysis: Key Uptrend Support Intact
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Tron price started a fresh downside correction from the $0.0855 zone against the US Dollar. TRX price is now trading above $0.0770 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.0777 on the 4-hour chart (data feed via Kraken). The pair could continue...
Read More »Agoria Empowers Fans with NFT Ownership in Upcoming Album Launch
Agoria is revolutionizing the music industry by granting fans ownership rights to his upcoming album through NFTs, creating a unique and immersive experience for his audience. Renowned French DJ, producer, and NFT artist Agoria is spearheading a groundbreaking initiative that challenges the traditional norms of the music industry. In an exciting move, Agoria is giving fans the chance to own his upcoming album through non-fungible tokens (NFTs). This innovative approach not only bridges the...
Read More »SushiSwap Launches Sushi DEX Aggregator for Liquidity Support
Sushi noted that its team had been working secretly on building an aggregation router for a while now as it is part of the platform’s bigger vision for 2023. Open-source Decentralized Exchange (DEX) SushiSwap has introduced a new aggregator as it makes its first foray into the aggregation business. With this DEX aggregator, SushiSwap customers are allowed to obtain the best prices when trading on the platform without further or additional procedures. In order words, customers will be...
Read More »Ripple’s XRP Not Named a Security in the SEC’s Case Against Coinbase
The US Securities and Exchange Commission has filed a lawsuit against Coinbase – in what seems to be the latest turn of events. The motion comes a day after the SEC also filed against Binance. The two cryptocurrency heavyweights are under some serious fire, but a closer look into the lawsuit against Coinbase reveals some interesting details. One of the more interesting findings (or the lack of) in the SEC’s lawsuit against Coinbase is the list of altcoins that they consider...
Read More »Bitcoin (BTC) and Broader Crypto Market Come Crashing Down Following SEC Lawsuit on Binance
After SEC’s action on Binance, Bitcoin and the broader crypto market tanked instantly. Altcoins face heavy correction to the tune of 7-8% with Binance BNB suffering the most. The filing of the lawsuit by the US SEC against crypto giant Binance sent shockwaves across the entire cryptocurrency market on Monday, June 5. Over the last 24 hours, Bitcoin (BTC) and the broader cryptocurrency market have corrected by over 4%. As of press time, the Bitcoin (BTC) price is down by 4% and is...
Read More »Cardano (ADA) Price Analysis: Risk of More Downsides Below $0.34
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up ADA price is gaining bearish momentum below the $0.365 support zone against the US Dollar. The price is now trading below $0.355 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.364 on the 4-hour chart (data feed via Coinbase). The price could...
Read More »Ethereum Price Analysis: ETH Turns Red Below $1,850
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ethereum price is gaining bearish momentum below the $1,850 resistance against the US Dollar. ETH price is now trading below $1,840 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $1,860 on the 4-hour chart (data feed from Coinbase). The pair could...
Read More »Ethereum Transaction Fees Drop by 80% as PEPE Enters a Slumber
Ethereum gas fees spiked to their highest level since 2022 following May’s memecoin comeback championed by the emergence of “Pepe the frog” themed altcoin, PEPE. This trend, however, appears to have slowed down amidst a waning interest in PEPE despite transforming several investors into overnight millionaires. According to new data by on-chain analytic firm IntoTheBlock, the total Ethereum transaction fees declined by more than 16% this week alone. Total Ethereum transaction...
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