Crypto news

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up At the time of writing, South African billionaire and entrepreneur Elon Musk – the man who brought companies like Tesla and SpaceX to the forefront – is currently trapped in the middle of a $258 billion lawsuit centering on his promotion of digital currencies like Dogecoin. Elon Musk Requests Dismissal of Court...

U.S. President Joe Biden is advocating for an end to tax loopholes that benefit what he described as “wealthy crypto investors.” In a Twitter post late Tuesday, Biden shared an infographic that read: “We think Congress should cut tax loopholes that help wealthy crypto investors.” According to the post, these loopholes have cost the government around $18 billion in revenue. In his tweet, the president mentioned “MAGA House Republicans” as opposers of his tax plans. Biden...

The Shapella upgrade last month enabled validators to unstake millions of ETH from the Ethereum 2.0 contract, allowing the funds to potentially be sold on the open market. Despite this, the second-largest cryptocurrency actually increased in value after the upgrade. How come? At Consensus 2023, CryptoPotato sat down with representatives from Nansen, a blockchain analytics company, to discuss how things have looked on-chain since the final phase of the Merge.  Shanghai Defies...

The Mortgage Bankers Association said there was a 10% jump in homeownership demand last week in anticipation of paused rate hikes.  Mortgage demand in the US recently climbed considerably after the Federal Reserve signaled that it could pause interest rate hikes. The increase in applications for home-buying was a direct result of reduced mortgage rates last week. Although last week’s drop in mortgage rates was not substantial, it was enough to induce current homeownership demand. As it...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Elizabeth Warren – the democrat senator from Massachusetts – has built a reputation as one of the most anti-crypto people in Congress. Reports are now emerging from organizations like crypto lobbying group Coin Center suggesting that Warren is now building a major “anti-crypto army” as part of her reelection...

For some, the Ordinals craze has wreaked havoc in the Bitcoin ecosystem. BTC’s price may have, so far, failed to capitalize on it, but that was not the case for the network miners. In fact, the development has been a blessing in disguise for them. Bitcoin Miner Revenue Shoots Up This month was marked by skyrocketing transaction fees and network congestion as Bitcoin Ordinals reached unprecedented heights. While Bitcoin’s price is cautiously recovering with modest gains, the...

Binance noted that it will provide crucial information through Capital Connect including assets under management (AUM) of different funds, their performance records, and minimum investment amounts. The leading centralized exchange with more than $38 billion in daily traded volume Binance has continued to re-invent the financial markets for the betterment of the globally unbanked population. The exchange takes pride in more than 120 million global registered users who actively trade more...

Memecoin Turbo, created entirely from scratch using ChatGPT 4, has gained massive momentum with its market cap reaching $100 million within 10 days of launch. A whale holding a massive quantity of the frog-themed memecoin PEPE has recently generated a new trade in a token dubbed Turbo (TURBO), created by using ChatGPT’s language model for just $69. A whale, who was an early investor in Pepe coin and earned $14.5 million in profits, has been aggressively buying Turbo since the beginning of...

⁣[PRESS RELEASE – Please Read Disclaimer] June 28th marks an important day for the Outer Ring community as the highly anticipated MMORPG enters its Early Access Pre-Alpha phase. This version of the game will offer players the chance to create and save their profile within the ecosystem, select from 5 different species, and test character customization options.⁣ Players can also expect to learn the fundamental movement mechanics and engage in their first PVP multiplayer battle...

Boba said its users on BNB Chain are saving around 80% on transaction fees by using its network. Boba Network said today its Layer-2 scaling solution had achieved mass adoption on Binance’s BNB Chain, with its transaction volume more than quadrupling in April compared to the previous month. The network’s developers revealed that Boba processed 2,863,240 transactions throughout April, averaging around 100,000 per day. The network handled 585,818 transactions in March, up from just 99,362 in...