Crypto news

Solana investors face a challenging market environment, with prices plunging sharply after reaching over $200 in March. Despite a 40% gain this year, Solana’s short-term outlook is clouded by network congestion and internal conflicts. Similarly, despite recent upgrades to reduce transaction costs, Arbitrum’s price continues to drop.  In this shifting realm, many investors are turning their attention to BlockDAG, attracted by its impressive 30,000X ROI potential....

Federal prosecutors are calling for a prison sentence of five to seven years for former FTX executive Ryan Salame, who has been implicated in its multibillion-dollar collapse. His defense team asserts that his punishment should reflect his role in exposing the fraud, pushing for a lighter sentence of no more than 18 months. Salame’s Defense According to a sentencing memo filed in federal court in Manhattan on Tuesday seen by Bloomberg, prosecutors emphasized the seriousness...

The U.S. House of Representatives passed legislation on Monday that will provide long-sought-after legal clarity around how crypto assets should be classified, registered, and custodied. The bill, titled the Financial Innovation and Technology for the 21st Century Act (FIT21), received near unanimous support from Republicans alongside 71 additional votes from Democrats, resulting in a final tally of 279 ‘yea’ to 136 ‘nay’. A ‘Historic’ Step For Crypto Regulation Crypto...

BlockDAG (BDAG) is making waves with its sophisticated dashboard features and superior mining capabilities. It boasts a potential return on investment of 30,000x, positioning itself as the most promising new cryptocurrency investment. The dashboard is equipped with tools for real-time rank tracking, managing wallets, reviewing transaction histories, and calculating referral bonuses. The X30 miner, with a hash rate of 280 GH/s, greatly boosts mining efficiency....

Uniswap Labs, the company behind the decentralized exchange Uniswap, has issued a response to the Wells Notice from the U.S. Securities and Exchange Commission. Meanwhile, Uniswap’s native token UNI has surged 2.0% over the last 24 hours and 37% over the week to hit $9.48. Uniswap Labs Criticizes SEC’s Legal Basis In a blog post on May 21, Uniswap Labs criticized the SEC’s basis for the notice, calling it “weak.” The firm compiled a number of reasons why the agency’s pursuit...

As the cryptocurrency landscape evolves, BlockDAG emerges distinctly amidst the declining performance of Solana and the modest recovery of XRP. With a robust $29.2 million presale and significant dashboard improvements, BlockDAG‘s strategic foresight and technology are setting new benchmarks in the crypto sector, with a user-centric strategy and eco-cautious message and approach. Solana Faces Challenges, Prompting Search for Alternatives Solana’s journey through...

Bitcoin has climbed above $71,000 this week, breaking out of the tight trading range it had been confined to for several weeks. One of the main catalysts for this price action is the strong demand through ETFs, with net inflows of approximately $1.2 billion over the last week. Going forward, several key factors suggest a new wave of demand could be building for Bitcoin. New Wave of Demand for Bitcoin As noted by CryptoQuant’s latest analysis, over the past week alone, these...

[PRESS RELEASE – Road Town, Tortola, Russia, May 22nd, 2024] GoMining, a premier Bitcoin mining company operating nine top-notch data centers worldwide, has prepared an exciting lineup of community activities to celebrate the annual Bitcoin Pizza Day. The festive program will culminate with the launch of a unique Pizza Miner collection and a big community contest with amazing prizes, including a one-year supply of pizza, 2,000 GOMINING tokens, and three supercharged NFT...

[PRESS RELEASE – Victoria, Seychelles, May 22nd, 2024] The Liquid Gold, $BEER, has become the most discussed topic on Solana over the past two weeks. $BEER has skyrocketed into Twitter trends across Europe & Asia, captivating beer lovers worldwide. After amassing an incredible community of over 300,000 followers on Twitter, Telegram, and Instagram in just a few days, Beercoin launched a massive pre-sale with a hard cap of 30,000 $SOL, equivalent to $5 million USD. This...

[PRESS RELEASE – Majuro, Marshall Islands, May 22nd, 2024] Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours. Making waves in the crypto industry, Multipool is taking a leading role in the marketplace transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. “I’m thrilled with the strong response from the community so far, we’ve reached...