The upcoming Palmswap V2 is an enhanced iteration of the decentralized leveraged trading platform and is set to debut on July 5. Palmswap, a decentralized exchange (DEX) focused on perpetual futures trading, has partnered with crypto market maker Gotbit Hedge Fund in preparation for its upcoming liquidity program scheduled for next week. As part of the collaboration, Gotbit has allocated a certain amount of funds, the exact figure undisclosed, to provide liquidity through the minting and...
Read More »Why was May a Rough Month for Bitcoin? Analysts Weigh In
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin hit its lowest levels since March during the midway point of May, and analysts are trying hard to figure out why. Bitcoin and Last Month Didn’t Go Well Together In many ways, the arena was set for bitcoin to have an explosive month. While the currency was still miles above the position it stood at...
Read More »New $POOH Meme Token Wants to Save Bee Populations
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up It looks like crypto is on its way to the Hundred Acre Wood – the legendary home of famed literary character Winnie the Pooh. A new meme currency called $POOH, inspired by the heavyset, honey-loving bear is the latest addition to the crypto industry, and it’s got noble intent behind it as well. $POOH Wants to...
Read More »SEC Approves First Leveraged Bitcoin Futures ETF
The BITX being a 2x leveraged ETF can help investors to increase their profit two times faster than they would do without the leverage. The first leveraged Bitcoin futures exchange-traded fund (ETF) has received approval from the US Securities and Exchange Commission (SEC). The ETF, the Volatility Shares 2x Bitcoin Strategy (BITX), will be launched on the Chicago Board Options Exchange (CBOE) BZX Exchange on Tuesday, June 27th. ETFs can be traded on exchanges like stocks, and their...
Read More »Bitcoin is Still 65% Higher than Where it Was Last Year
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The price of bitcoin fell somewhat in mid-May, causing a bit of a scare amongst digital currency investors. However, analysts are telling them not to worry so much given the world’s number one digital asset by market cap is still about 65 percent higher than where it was at the end of last year. Bitcoin… It’s...
Read More »Disgraced Crypto Exec Do Kwon is Out on Bail
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A Montenegro court has accepted a bail payment on behalf of Do Kwon, the disgraced crypto executive behind fallen digital currency firm Terraform Labs. The company established the crumbled algorithmic stable currency known as Terra USD. Do Kwon is Out on Bail At the time of writing, Kwon – along with another...
Read More »Elderly Residents of Ohio Targeted By Crypto Scams
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ohio law enforcement agencies are telling residents about several growing crypto scams in the area that are targeting members of the elderly community. Ohio Is a Center of Crypto Fraud There are many crypto scams out there that seek to take advantage of older generations given they don’t always understand how...
Read More »Maye Musk Cancels Jiu Jitsu Fight between Her Son Tesla CEO and Meta Platforms Co-Founder Mark Zuckerberg
Earlier, Meta co-founder Mark Zuckerberg had agreed to a Jiu-Jitsu fight in a cage with Tesla CEO Elon Musk following social media pressure. In what was described to be the biggest Jiu-Jitsu fight of the century, Meta Platforms Inc (NASDAQ: META) co-founder Mark Zuckerberg and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk had agreed to lock each other in a physical contest. The fight was ostensibly triggered by Mario Nawfal, CEO of Web3 incubator platform IBC Group, after highlighting the...
Read More »Siemens Energy Stock Loses 35% as Review of Issues at Subsidiary Shows Wind Turbine Problems Could Last for Years
Siemens Energy CEO Christian Bruch said that “too much had been swept under the carpet” concerning Siemens Gamesa. Shares of Siemens Energy declined 35% earlier today as the company discarded its profit prediction and mentioned lasting wind turbine issues. Following a review of concerns at its subsidiary Siemens Gamesa, the company announced its findings of a “substantial increase in failure rates of wind turbine components”. However, its shares plunged as the market reacts to the...
Read More »Binance Hires Former Justice Department Prosecutor in Fight with SEC
Kendall Day led the department’s efforts to combat money laundering, including dealing with charges related to money laundering, deferred prosecution agreement, etc. Amid its ongoing legal fight with the US Securities and Exchange Commission (SEC), crypto exchange Binance has hired a former white-collar prosecutor of the Department of Justice (DoJ), as per the court filing on Thursday, June 22. M. Kendall Day, a partner at Gibson Dunn & Crutcher’s Washington DC office, will serve as...
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