Metaplex, a leading platform in the Solana ecosystem, has announced that Kinobi now supports generating Anchor types for Core. 

This update aims to streamline integration by eliminating Rust hacks and enhancing compatibility. Consequently, developers can look forward to faster development and smoother workflows. Metaplex continues to solidify its position as the trusted standard for NFTs and digital assets on Solana.

Exciting news for Solana developers!Kinobi now supports generating Anchor types for Core, making integration smoother by eliminating Rust hacks and improving compatibility. This means faster development and easier workflows.Upgrade your toolkit for a better experience https://t.co/mxKFI7OXS3

— Metaplex (@metaplex) May 24, 2024

Thousands of developers depend on Metaplex’s tools, including Candy Machine, Auction House, and open-source SDKs. Therefore, this update is anticipated to speed up development and streamline tasks.

Streamlining Integration and Enhancing Compatibility

Metaplex’s integration with Kinobi marks a great advancement in Solana development. By supporting the generation of Anchor types for Core with Kinobi 0.18.8 and Anchor 0.30.0, the process becomes more seamless and efficient. Core types are now usable without Rust hacks, starting with Core Rust SDK 0.6.1. 

Kinobi 0.18.8 now supports generating Anchor types. With Anchor 0.30.0, you can generate Anchor IDL types for native Solana programs, starting with Core.Core types are now usable without Rust hacks, starting with Core Rust SDK 0.6.1.

— Metaplex Status (@MetaplexStatus) May 24, 2024

This improvement eliminates the need for Rust hacks, which have traditionally posed challenges and slowed down development. With Rust hacks out of the way, developers can focus on creating innovative applications without encountering unnecessary obstacles.

Moreover, enhancing compatibility further simplifies the development process. Smoother integration leads to improved overall workflows, making it easier for developers to build and deploy their projects. This update reflects Metaplex’s commitment to continually improving and innovating its platform.

Boosting Development Speed and Efficiency

Kinobi’s support for Anchor type generation is expected to significantly boost development speed. Faster development translates to quicker time-to-market for applications, benefiting developers and users alike. Metaplex’s platform, known for its robustness, now offers even greater efficiency with this new integration.

Besides, eliminating Rust hacks speeds up development and reduces the potential for issues. Developers can work with more confidence, knowing that their projects are less likely to encounter technical difficulties. This reliability is crucial in a fast-paced environment where time and efficiency are paramount.

Commitment to Continuous Improvement

Metaplex’s integration of Kinobi underscores its dedication to providing top-tier tools and resources for the Solana ecosystem. By supporting the generation of Anchor types for Core, Metaplex demonstrates its focus on enhancing user experience and functionality. This move aligns with the platform’s broader mission to empower developers and communities within the Solana network.

Metaplex’s ongoing improvements and innovations ensure that it remains at the forefront of NFT and digital asset development on Solana. Developers trust that Metaplex will continue to evolve, offering cutting-edge solutions that meet their needs and drive the ecosystem forward.

The post Kinobi Enhances Metaplex with Anchor Type Generation for Core Integration appeared first on Coinfomania.

The Delaware Supreme Court recently ruled in favor of BitGo, overturning a lower court’s decision that had previously dismissed the company’s $100 million lawsuit against Galaxy Digital.

This decision stemmed from a failed $1.2 billion merger agreement between the two firms, which the court found to contain “ambiguous” language. This ambiguity prompted the reversal of the Delaware Chancery Court’s earlier ruling, thus allowing for the introduction of additional evidence to clarify the confusion surrounding the terms of the agreement.

Initial Lawsuit and Allegations

BitGo, which initially filed the lawsuit in August 2022, alleged that Galaxy Digital had intentionally breached their acquisition agreement. The contention arose after Galaxy terminated the deal, citing BitGo’s failure to provide audited financial statements for the year 2021 as a justifiable reason for the termination.

Despite this setback, the Delaware Supreme Court’s decision has now reopened the door for BitGo to pursue further legal action, much to the satisfaction of BitGo’s legal representation, R. Brian Timmons from the law firm Quinn Emanuel. Timmons expressed contentment with the appeal’s outcome and looked forward to continuing the legal battle in the Chancery Court.

Previously, in June 2023, the Delaware Court of Chancery had dismissed BitGo’s case with prejudice. Vice Chancellor J. Travis Laster had ruled that Galaxy had a clean termination right concerning the BitGo acquisition at that time.In response to the Supreme Court’s recent decision, a Galaxy spokesperson indicated that the company would continue to defend itself vigorously, expressing confidence in the merits of their case.

Galaxy Digital, led by Mike Novogratz, had announced its intention to acquire BitGo in May 2021 as part of its public offering in the United States. However, in November 2022, as the cryptocurrency exchange FTX faced collapse, Galaxy disclosed approximately $77 million in exposure to FTX shortly before the exchange filed for bankruptcy.

Galaxy Digital’s Subsidiary Involvement

Despite these challenges, Galaxy Digital’s subsidiary, Galaxy Asset Management, was appointed by the FTX estate in 2023 to assist with the management of the bankrupt exchange’s crypto holdings. This includes responsibilities such as selling, staking, and hedging these assets. Steve Kurz, the Global Head of Galaxy Asset Management, leads this division which was established in 2018 and encompasses roles in Global Markets and Digital Infrastructure Solutions.

Despite a 4% decline in Galaxy Digital’s stock (GLXY) to $12.80 in after-hours trading, the shares have gained 23.5% since the beginning of the year. These gains have largely followed the approval of spot Bitcoin ETFs in mid-January. Nevertheless, the stock remains nearly 70% lower than its all-time high of $40, recorded during the previous crypto market peak in November 2021. 

CEO of BitGo Mike Belshe at Consensus 2023. Source: Shutterstock Future of Spot Bitcoin ETFs

Steve Kurz recently predicted that top wirehouses would increase their involvement in spot Bitcoin ETFs within the next year, indicating that institutional fear of missing out (FOMO) could drive this trend. Kurz’s statement came during the Exchange ETF Conference in Miami Beach, Florida, on February 19, where he noted that companies offering spot Bitcoin ETFs had been inundated with queries from financial advisers.

The Delaware Supreme Court’s ruling marks a significant development in the ongoing legal battle between BitGo and Galaxy Digital, providing BitGo with a renewed opportunity to seek justice and potentially reshape the future of their contested acquisition agreement.

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In response to a growing controversy over potential conflicts of interest, the Ethereum Foundation’s Executive Director, Aya Miyaguchi, announced on May 24 the acceleration of a formal policy development to address these concerns.

The policy aims to fortify governance within the foundation, moving beyond the reliance on culture and individual discernment which has proven inadequate. The foundation had previously relied on “culture and individual judgment” to prevent conflicts of interest, but Miyaguchi admitted this approach was insufficient. The foundation has been working on the formal policy to address these issues and will expedite its completion, with updates to be shared soon. 

Public Challenge Concerning Ethereum Foundation Sparks Disclosures

The controversy began on May 18 when Jordan Fish, a well-known cryptocurrency trader known as Cobie, publicly challenged Ethereum co-founder Vitalik Buterin regarding the ethical implications of Ethereum Foundation developers accepting significant financial incentives from projects built on the Ethereum network. Cobie specifically pointed to EigenLayer as a potential conflict of interest, questioning the appropriateness of Ethereum Foundation developers becoming advisors to such projects given the conflicting incentives.

Following Cobie’s remarks, Ethereum Foundation researcher Justin Drake disclosed on May 19 that he held an advisory role at EigenLayer and had received a significant incentive in Eigen tokens, valued at millions of dollars over a three-year vesting period. This disclosure raised concerns about transparency and potential conflicts of interest between EigenLayer and the Ethereum Foundation. Drake clarified that this information had been public since May 3 and the timing of his disclosure with Cobie’s tweet was coincidental.

On May 21, another Ethereum Foundation researcher, Dankrad Feist, also revealed his advisory role at EigenLayer, admitting to receiving a significant number of EIGEN tokens. Despite his advisory role, Feist assured the community that his involvement would not affect his professional judgments or positions on the development of EigenLayer or related Ethereum projects.

These disclosures have intensified scrutiny over potential conflicts of interest, particularly regarding the systemic risks that EigenLayer might pose to Ethereum. EigenLayer is a platform that allows users to deposit and “re-stake” Ether from various liquid staking tokens to secure third-party networks or validated services.

As an Ethereum layer-2 restaking protocol, EigenLayer enables Ethereum node operators and validators to earn fees by restaking liquid Ether received in exchange for staking. These assets can then be used on EVM platforms like Lido or to validate and secure other networks, including sidechains or non-EVM blockchains, effectively staking the same assets twice. Many blockchain experts have voiced concerns about potential centralization and the additional load imposed on stakers by running restaking services.

Source: DBnymn Restoring Trust Through Policy and Action

In light of these concerns, both Drake and Feist have taken steps to mitigate any perceived conflicts. Drake has committed to reinvesting or donating all proceeds from his advisory role to beneficial projects within the Ethereum ecosystem and pledged to sever ties with EigenLayer should conflicts with Ethereum’s broader interests arise.

Feist emphasized that his advisory position was personal and independent of his responsibilities at the Ethereum Foundation. He vowed to prioritize decentralization and risk management, urging the community to hold him accountable to ensure his advisory role does not compromise his work on Ethereum’s core protocol.

The introduction of a conflict of interest policy by the Ethereum Foundation reflects a strategic move to restore trust and ensure ethical governance within the community. Miyaguchi has committed to swiftly finalizing and implementing this policy, promising forthcoming updates to further promote transparency and accountability as the blockchain and cryptocurrency landscape continues to evolve. This initiative marks a critical step towards aligning the foundation’s internal practices with its public responsibilities and the expectations of its global stakeholder community.

The post EigenLayer Disclosures Prompt Conflict of Interest Policy at Ethereum Foundation appeared first on Coinfomania.

The recent decision by the United States Securities and Exchange Commission (SEC) to approve spot Ethereum exchange-traded funds (ETFs) is placing considerable pressure on South Korean financial regulators to revisit their policies on digital assets.

This move comes on the heels of the SEC’s earlier approval in January 2024 of Bitcoin ETFs, signaling a significant shift towards integrating digital currencies within the framework of traditional finance.

Implications for Ethereum and Other Digital Asset Investors

On May 24, 2024, the SEC approved the creation of ETFs for Ethereum, the world’s second-largest cryptocurrency, following its earlier approval of Bitcoin ETFs in January 2024. This approval is seen as a significant victory for digital asset investors and developers, paving the way for further integration of digital assets into traditional finance.

Matthew Sigel, Head of Digital Assets Research at VanEck, indicated that these developments are likely to herald further advancements for investors and developers within the digital asset sphere. ETFs, which are financial tools that allow investors to engage with a collection of securities, are increasingly bridging the gap between conventional financial systems and the burgeoning digital asset industry.

In South Korea, however, the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) maintain a more cautious stance compared to their American counterparts.

The FSC, a governmental body overseeing financial institutions and markets, insists that ETFs comply rigorously with the Capital Markets Act. This legislation mandates that ETFs be linked exclusively to traditional underlying assets like securities, international currencies, and commodities—elements foundational to financial derivatives. 

Criticism of South Korean Policies

The Financial Services Commission, a government agency responsible for overseeing and regulating financial institutions and markets in South Korea, issued a new update to the Virtual Asset Users Protection Act in early February.

However, the Korea Times reported that Xangle, a leading digital currency data provider based in Seoul, criticized the ban on digital assets in the traditional securities market as outdated, arguing that it needs revision to accommodate the growing significance of digital assets in modern finance.

Source: Xangle’s X profile

Jung Eui-jung, head of the Korean Stockholders’ Alliance, echoed this sentiment, emphasizing the urgency for Seoul to emulate the U.S. by approving Bitcoin and Ethereum ETFs. He expressed concerns that continued regulatory hesitance could prompt investors to transfer their capital to more progressive U.S. markets, potentially positioning the U.S. as a leader in the trading of other, less commonly traded cryptocurrencies.

The process to enable spot Ethereum ETFs to commence trading in the U.S. involved the SEC’s approval of the 19b-4 form, followed by the activation of S-1 registration statements. This review process, which is expected to include several iterations between the SEC and potential issuers, could extend over several weeks. 

Legislative Support for Crypto Regulation

Adding to the regulatory momentum, the U.S. House of Representatives recently passed the Financial Innovation and Technology for the 21st Century Act (FIT21), the first legislation of its kind to be considered by the House.

The bill, which passed with a vote of 279 to 136, aims to provide comprehensive regulation of the crypto industry. It particularly empowers the Commodity Futures Trading Commission (CFTC) with enhanced authority and funding to oversee crypto assets classified as digital commodities.

This legislative victory is perceived by many in the crypto community as a pivotal political triumph. The shifting regulatory landscape is expected to reassure institutional investors, increasing their comfort level with investing in crypto and related financial instruments, including stocks linked to Bitcoin.

At the time of publication, the market response to these developments was mixed, with Ether experiencing a slight increase of 0.69% over the past 24 hours to $3.753,09, while Bitcoin saw an increase of 0,98% to $69,221. This fluctuation underscores the ongoing evolution of the market as it responds to an ever-changing regulatory environment, suggesting a cautious optimism among investors as they navigate the new terrain.

The post US Approves Ethereum ETF, Putting Pressure on Korean Regulators appeared first on Coinfomania.

After a series of protracted legal battles, Craig Wright, an Australian computer scientist, failed to substantiate his claims of being Satoshi Nakamoto, the enigmatic creator of Bitcoin.

The controversy culminated in a decisive verdict by Judge James Mellor of the High Court of Justice of the United Kingdom, who unequivocally dismissed Wright’s assertions. This ruling marked a significant chapter in the saga surrounding the identity of Bitcoin’s founder and its implications for copyright claims over the cryptocurrency’s foundational technologies.

Wright’s Legal Challenges and Court Rulings Regarding The White Paper

Wright’s legal confrontations began when he claimed to have authored the Bitcoin white paper and assumed the pseudonym Satoshi Nakamoto. His efforts to assert ownership were met with widespread skepticism and legal challenges.

In a notable 2021 lawsuit, Wright targeted Cobra, the pseudonymous entity behind Bitcoin.org, alleging copyright infringement. The court sided with Wright after Cobra opted not to defend the case, leading to a mandate that compelled the removal of the white paper from the website and resulted in Cobra being ordered to pay £35,000 in legal fees.

Source: Bitnobert

In a subsequent and more ambitious legal move in 2023, Wright sued 13 Bitcoin Core developers and several prominent companies, including Blockstream, Coinbase, and Block, on similar grounds of copyright infringement relating to the Bitcoin white paper, its file format, and the database rights to the Bitcoin blockchain.

This action prompted the formation of the Bitcoin Legal Defense Fund, which underscored the escalating trend of litigations that they described as “abusive” and a deterrent to the development of Bitcoin due to the immense stress and financial burdens they imposed on contributors.

The Trial and Its Outcomes 

The definitive blow to Wright’s claims came during a February 2024 trial brought against him by the Crypto Open Patent Alliance (COPA), a coalition of significant industry players dedicated to keeping Bitcoin’s core intellectual property open and unowned. COPA accused Wright of engaging in a complex fraud, including forging documents to support his claim as Nakamoto.

Throughout the trial, COPA’s attorneys presented a compelling array of evidence and expert testimonies that exposed numerous forgeries, inconsistencies, and technical inaccuracies in Wright’s presented documents. These ranged from metadata discrepancies to formatting issues that starkly contradicted the characteristics expected of the true Bitcoin creator.

Judge Mellor’s judgment was scathing and definitive. He stated that Wright was not the author of the Bitcoin white paper, nor had he operated under the pseudonym Satoshi Nakamoto during the critical founding period of Bitcoin from 2008 to 2011.

Moreover, Mellor explicitly declared that Wright was “not the creator of the Bitcoin network.” This ruling not only invalidated Wright’s earlier copyright victory but also reinforced the notion of Bitcoin’s decentralized nature, free from the grip of unfounded individual ownership claims. 

Implications and Future Focus

Despite the clear verdict, Wright signaled his intention to appeal, supported by a cadre of followers who encouraged his ongoing legal endeavors. However, the trial records painted a less favorable picture of Wright, depicting him as evasive and inconsistent. The court criticized his penchant for “technobabble” — convoluted, technical jargon that obfuscated rather than clarified his points, which was uncharacteristic of someone with genuine involvement in Bitcoin’s creation.

The judgment has broader implications, reinforcing the necessity of credibility and rigorous proof in legal disputes over digital assets. It underscores the importance of authenticity in claims related to the pioneering technologies of the digital age.

In light of this ruling, the focus within the Bitcoin community is expected to shift. Instead of entangling itself in legal disputes over foundational claims, the community is likely to explore new applications and push for broader acceptance of Bitcoin.

This aligns with the objectives of entities like COPA and the Bitcoin Legal Defense Fund, which aim to safeguard the collective interests of developers and contributors, ensuring that they can continue their work without the shadow of costly litigation.

Meanwhile, Hennadii Stepanov, the maintainer of the Bitcoin.org website, marked the closure of this contentious chapter by re-uploading the Bitcoin white paper, signaling a return to normalcy and continued openness in Bitcoin’s developmental journey. This act was celebrated across various platforms, reinforcing the resilient nature of information and its capacity to endure despite attempts at suppression.

The post Craig Wright Loses Legal Battle, Bitcoin White Paper Returns to Bitcoin.org appeared first on Coinfomania.

Uniswap (UNI), the decentralized exchange’s native cryptocurrency, has seen a remarkable price surge, jumping over 19% and breaking past the $10 mark. 

The Uniswap price rally can be attributed to several factors, primarily the exchange’s firm stance in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC has sent Uniswap a Wells notice, signaling potential enforcement action. However, Uniswap has responded robustly, labeling the SEC’s case as weak and vowing to challenge the notice.

This legal tussle has bolstered investor confidence, contributing to the 19.45% price increase. As of press time, Uniswap was trading at $10.93, with its market capitalization soaring to $6.5 billion. The trading volume for Uniswap has also increased, rising by over 40% to exceed $510 million.

UNI/USD 1-day price chart (Source: CoinMarketCap)

Whale Activity and Market Sentiment

Another factor driving the Uniswap price surge is the notable activity among cryptocurrency whales. Data shows substantial withdrawals from exchanges, particularly following news related to the spot Ethereum ETF. These movements suggest that large investors are accumulating Uniswap, thereby reducing its availability on exchanges and pushing the price higher.

A recent transaction highlighted by Lookonchain showed a withdrawal of 213,166 UNI, worth approximately $1.96 million, from Binance. Such whale activity indicates strong buying interest and a positive sentiment towards Uniswap’s prospects.

Another fresh wallet withdrew 213,166 UNI($1.96M) from #Binance just now.https://t.co/u15CE864hm pic.twitter.com/kyOBv0TB5G

— Lookonchain (@lookonchain) May 24, 2024

Technical Indicators and Breakout

Uniswap’s breakout from a 35-day consolidation phase indicates a potential for further gains. Technical indicators support this bullish outlook. The Bollinger Bands, for example, show the price touching the upper band, indicating strong upward momentum. Although this often suggests overbought conditions, it also highlights increased volatility and potential for continued price movement.

The Donchian Channels confirm the breakout, with the price surpassing the upper limit, suggesting a new high. The Simple Moving Average (SMA) further reinforces this trend, with the price above the 20-day SMA, indicating sustained bullish sentiment.

UNI/USD 1-day price chart (Source: TradingView)

The Moving Average Convergence Divergence (MACD) shows the MACD line above the signal line, supported by positive histogram bars, indicating building bullish momentum. Moreover, the Coppock Curve, currently at a high value of 63.151, also supports this trend, showing strong upward momentum.

Market Liquidations and Open Interest

The recent price surge in Uniswap has led to substantial market liquidations. Over the past 24 hours, more than $1.2 million in liquidations have occurred, with $820,000 being short positions. This wave of liquidations underscores the intense buying pressure and the impact of the price rally on traders holding short positions.

Additionally, the open interest in Uniswap futures has increased by 38% to $120 million, indicating heightened trading activity and a strong bullish sentiment. This rise in open interest suggests that more traders are entering the market, betting on further price increases.

On-chain data analytics firm Santiment’s Age Consumed index has also supported the bullish outlook. Spikes in this index, which indicate the movement of dormant tokens, often precede price rallies.

The post Uniswap Price Soars 19%, Breaking $10 Amid Legal Battle with SEC appeared first on Coinfomania.

The cryptocurrency market has experienced a decline following the recent approval of several spot Ether ETFs by the U.S. Securities and Exchange Commission (SEC). 

Despite this seemingly positive development, traders exhibited a “sell-the-news” reaction. Furthermore, decreasing odds of Federal Reserve rate cuts have intensified the selling pressure. 

The SEC’s recent decision to approve applications from Nasdaq, CBOE, and NYSE to issue ETFs based on the price of Ether was an important turning point. This approval might pave the path for these products to begin commerce later this year. However, instead of sparking a purchasing frenzy, the market experienced a steep decline. 

Nine issuers, including VanEck, ARK Investments/21Shares, and BlackRock, hope to launch these ETFs. Despite this, the market’s net capitalization dropped by over 1.01% in the past 24 hours, reaching $2.51 trillion on May 24.

This counterintuitive reaction stems from the “sell-the-news” phenomenon, where investors who bought in anticipation of the approval are now selling to secure profits. Consequently, Ethereum (ETH) and other major cryptocurrencies faced substantial liquidations. ETH experienced the largest liquidation amount, totaling $118.41 million, followed by Bitcoin (BTC) at $55.23 million.

Impact of Market Sentiment and Liquidations

Market sentiment plays a crucial role in the current crypto landscape. Crypto analyst Zach Rynes noted that the market had already priced in the approval, with Ether surging 20% earlier this week. This surge lifted the overall crypto market by 5%. 

The real answer why $ETH didn’t move upon ETF approval– Since the SEC’s pivot, everyone who wanted to buy the approval, already did– ETFs haven’t actually launched yet, so net new capital inflow still to comeNo need to overcomplicate things, just spot and chill https://t.co/BPAGSjq5og

— Zach Rynes | CLG (@ChainLinkGod) May 23, 2024

However, the anticipation of further regulatory steps, including the approval of S-1 filings, has tempered short-term buying enthusiasm. VanEck’s amended S-1 filing is currently under SEC review, and the process could extend for weeks or months.

Additionally, the substantial liquidations over the past 24 hours, amounting to $293.66 million, have exacerbated the market decline. Notably, long positions accounted for $215.80 million of these liquidations. These positions represent bets that asset prices will rise. When prices fall, traders or brokers must sell these positions to prevent further losses, increasing selling pressure and driving prices lower.

Source: Coinglass

Broader Market Implications

The broader implications of these events are significant. The crypto market’s losses highlight the inherent volatility and risk associated with crypto trading, particularly with leveraged positions. The data indicates that traders were more frequently betting on price increases that did not materialize. This triggered a cascade of liquidations, amplifying the overall market decline. For example, Solana (SOL) saw $12.11 million in liquidations, while smaller coins like PEPE experienced $10.02 million in liquidations.

Moreover, the influence of major exchanges like Binance is evident in these liquidation events. The largest single liquidation occurred on Binance for the ETH/USDC pair, valued at $12.41 million. These high trading volumes and volatility underscore the significant risk in crypto trading, especially for leveraged positions.

Despite the current downturn, the long-term outlook for the crypto market remains positive. Rynes anticipates a massive capital inflow, potentially reaching billions, once the Ether ETFs commence. However, this is contingent upon the successful completion of further regulatory steps. The approval and launch of these ETFs could mark a watershed moment for the industry.

The post Crypto Market Slumps Despite SEC’s Green Light on Ether ETFs appeared first on Coinfomania.

Bitcoin (BTC) has recently dipped below the critical $70,000 mark, falling to around $69,229 after reaching an intra-day low of $69,939. This decline is primarily attributed to reduced investor demand amid uncertainty about a potential September Fed rate hike. Additionally, recent ETF flow data shows mixed sentiments, significantly dropping net inflows to $15.7 million. Investors seem cautious, awaiting the anticipated approval of a US ETH-spot ETF, which could impact Bitcoin’s performance.

Key Takeaways

Potential Ether ETF Approval: Geoff Kendrick, Head of FX and Digital Assets Research at Standard Chartered Bank, forecasts that Bitcoin could surpass its previous high of $73,798 by the weekend. He attributes this potential rise to the expected approval of spot Ether ETFs, which he believes will enhance Bitcoin’s legitimacy and performance. Kendrick is optimistic that Bitcoin could reach $150,000 by the end of 2024 and $200,000 by the end of 2025. Recent inflows into spot Bitcoin ETFs have reached a record $12.9 billion, further supporting his bullish outlook.

BlackRock Bitcoin ETF Inflows: BlackRock’s spot Bitcoin ETF dominated the U.S. market on May 21, drawing 95% of the $300 million inflow, with $290 million going into the iShares Bitcoin Trust. This surge is the highest since April 5, reversing previous low inflows. Recent data shows over $1 billion flowed into spot Bitcoin ETFs in the past four days amid Bitcoin’s volatile rally. BlackRock’s fund has reached $16 billion in total inflows since its launch, approaching Grayscale’s $20 billion mark.

Potential Ethereum ETF Approval: The anticipated approval of Ethereum ETFs could further boost interest in Bitcoin ETFs. These substantial inflows have renewed interest in Bitcoin ETFs, likely contributing to Bitcoin’s price increase.

Technical Analysis

Bitcoin (BTC/USD) trades at $69,675, showing little change with a -0.03% movement. Traders should monitor key price levels:

Pivot Point: $69,675 (crucial benchmark)

Immediate Resistance Levels: $70,560, $71,944, and $73,300 (potential upward targets if bullish momentum continues)

Bitcoin Price Decline: Factors Behind the Recent Pullback

Bitcoin (BTC) has experienced a sharp pullback recently, and several factors have contributed to this decline. Let’s delve into the latest news from May 23 to understand what’s been happening:

Strong U.S. Factory Data and the Dollar Index:

Robust U.S. factory data have triggered Bitcoin’s price dip. This data sent the U.S. dollar index above 105.00 for the first time in almost five months.

The U.S. dollar index measures the strength of the U.S. dollar against other major global currencies, including the Japanese yen (JPY), the British pound (GBP), and the euro (EUR).

Interest Rate Expectations

Recent reports showing more robust U.S. economic data and hotter inflation have significantly tapered U.S. Federal Reserve interest rate cut expectations. Higher interest rates, including Bitcoin, are expected to weigh on the digital asset market. Investors are adjusting their positions accordingly. 

Crypto Market Correction and Altcoin Decline:

Bitcoin’s decline in May marks its worst month since November 2022, when the crypto exchange FTX faced challenges.

Ether (ETH) has also experienced an 18% decline this month.

Smaller cryptocurrencies, including SOL, DOGE, and AVAX, suffered even deeper corrections, with losses ranging from 35% to 40%.

Overall Market Capitalization:

The total crypto market capitalization shed nearly 18% of its value in May, recording its most significant decline since June 2022.

Economic data, interest rate expectations, and broader market dynamics have contributed to Bitcoin’s recent pullback. Looking forward to newer opportunities that prove the best crypto for 10x gains is always wise. The following section has covered you all with it!

Trending VR Coin 5thScape Raises Over $6.1 Million in Presale

>>Click here to visit 5thScape Presale Page 

Trending VR Coin 5thScape has taken the crypto community by storm, surpassing the $6.1 million mark in its presale phase. This innovative project aims to revolutionize the virtual reality (VR) gaming landscape by combining cutting-edge hardware, hyper-realistic games, and a community-centric token ecosystem. 

At its core, 5thScape is a platform that integrates bespoke hardware with unique gaming experiences. Let’s delve into the critical components of their project plan:

1. Hyper-Realistic VR Games

5thScape offers a diverse range of VR games designed to push the boundaries of technology. Players can immerse themselves in captivating virtual worlds, from adrenaline-pumping combat in Cage Conquest to high-speed racing in Thrust Hunter. These games are poised to redefine the VR gaming experience.

2. Advanced VR Hardware

5thScape is developing its own line of advanced VR hardware to enhance gameplay. Notable items include:

VR Ultra Headset: Boasting stunning virtual realism, this headset is compatible with all 5thScape games.

5thScape VR Chair: Featuring swift motion support and haptic feedback, it provides a sense of presence in the metaverse.

Investors are excited about the potential of these hardware items, which promise to elevate the gaming experience.

Token Economics

5thScape’s native token, 5SCAPE, plays a crucial role in the ecosystem. Here are the key tokenomics details:

Total Supply: 5.21 billion tokens

Presale Allocation: 80% (for early buyers)

Remaining Allocation:

Treasury and development: 10%

Exchange liquidity: 10%

The community-centric approach favors long-term growth and organic price action. Notably, 40% of presale investments are unlocked at the Token Generation Event (TGE), followed by an 8-week lock and an 8-month vesting period.

Listing and Market Cap

Once the presale concludes, 5SCAPE will be listed on several leading exchanges. The expected listing price is $0.01, representing a 365% increase from the current presale price. With a projected market cap of $15 million, 5thScape is poised to succeed in crypto.

The Final Word On The Best Crypto To Invest Now 

Bitcoin is highly volatile and unpredictable. Besides, the recent decline has caused havoc amongst BTC investors. Amid this backdrop, innovative projects like 5thScape are capturing the interest of the crypto community. By raising over $6.1 million in its presale phase, it demonstrated the potential of combining cutting-edge VR technology with a community-centric token ecosystem.

The project’s advanced VR hardware and hyper-realistic games are poised to redefine the virtual reality gaming experience, making it a compelling opportunity for investors seeking to diversify their portfolios in the ever-expanding crypto space. The convergence of Bitcoin’s potential resurgence and the groundbreaking advancements of 5thScape presents an intriguing landscape for both seasoned and new investors.

Besides, experts forecast that early investors would yield 600x profits by 2025 for 5thScape investors. 

The post Bitcoin Price Prediction- BTC Dips Below $70,000 – Trending VR Coin 5thScape Crossed $6.1M in Presale appeared first on Coinfomania.

After hitting a low during the day at $69,939, Bitcoin (BTC) has now dropped below the crucial $70,000 barrier, hovering at $69,229. This dip emphasizes the intrinsic volatility of the cryptocurrency market. It is caused by mixed ETF flow statistics and decreased investor demand amid concern about a possible September Fed rate rise. Less risk-tolerant investors may find these kinds of swings intimidating. 

On the other hand, the best penny cryptocurrencies provide a good substitute, offering chances for large profits with tiny inputs. While you are looking for a penny crypto that would be an excellent addition to your portfolio of diverse investments, especially in times of extreme market volatility, we have covered you all!

Best Penny Cryptocurrencies To Buy Now In Increased Market Volatility

The following is a list of the best cryptocurrencies to buy now:

5thScape

DarkLume 

SimuGaze

Holo (HOT)

Ankr (ANKR)

These best penny cryptocurrencies to buy now are available at a minimal amount, offer significant returns, and even have utility. Therefore, it revolutionizes crypto by extending its scope beyond coin trading. The following section has covered you all with it!

1. 5thScape (5SCAPE)

Are you looking for the best penny cryptocurrency that promises maximum profits and immerses you in the nostalgia of hyper-realistic AR/VR games?

If yes, 5thScape (5SCAPE) is essential to your investment portfolio!

The 5thScape platform offers an unparalleled AR/VR gaming experience, featuring breathtaking gameplay and peak thrill. With the integration of advanced VR headsets and ergonomic gaming chairs, 5thScape delivers the ultimate gaming bliss.

Diverse games and the highly anticipated launch of Cage Conquest, reminiscent of Mixed Martial Arts, allow you to play and earn the platform’s native tokens, 5SCAPE.

Moreover, 5thScape’s token has already garnered significant bullish sentiment, surpassing its initial presale target by millions. Currently, the token is priced lower, presenting a perfect investment opportunity.

With the token’s price set to surge upon launch, 5thScape stands out as one of the most promising ICOs available. Take advantage of this chance to dive into the future of gaming and crypto profits!

>>Click here to visit 5thScape Presale Page 2. DarkLume (DLUME)

Are you seeking a profitable penny cryptocurrency investment that offers opportunities to earn in a digital world?

If so, DLUME is an exceptional choice.

The DarkLume platform, which supports DLUME, offers a virtual world where users can explore different countries, obtain citizenship, and more. Additionally, users can partake in various activities such as relaxation, entertainment, and dating.

Much like in the real world, DarkLume provides numerous accessible opportunities for income generation. The platform also features various staking options that allow users to contribute to the development of its ecosystem. With its significant potential, this investment promises to rapidly deliver substantial returns on investment (ROIs).

>>Click here to visit DarkLume VR 3. SimuGaze (SGAZE)

What if investing in a penny cryptocurrency could yield exponentially growing returns on investment?

SimuGaze is a cryptocurrency that should be noticed.

The platform offers an enhanced VR experience for gaming, racing, simulation, and other activities. Similar to digital Formula 1 racing, VR games have gained significant traction. As these utilities become more popular, more investors are turning their attention to SimuGaze.

SimuGaze’s initiative to reward participants with SGAZE tokens in various tournaments further drives demand. As demand rises and supply remains limited, the token’s price will likely increase.

The platform has kept 50% of its tokens for allocation during the presale, indicating strong bullish sentiments for its utility token, SGAZE. Its impressive $27.57 million market cap shows the platform’s stability.

With continuous initiatives and the development of related utilities, SimuGaze has considerable potential. Its growing adoption suggests that investors can anticipate significant exponential returns on investment shortly. Why wait?

4. Holo (HOT)

How about a penny cryptocurrency that lets you host apps and earn money?

If yes, then Holo is a must-check under your list!

Holo (HOT) offers an innovative solution for hosting decentralized applications through a peer-to-peer platform that enables users to earn money. Unlike typical crypto, Holo operates on its proprietary blockchain with the HOT token. This platform facilitates application hosting without relying on traditional blockchain methods, allowing for direct user interactions.

Powered by Holochain technology, Holo supports peer-to-peer applications and rewards participants with HoloFuel, another unique cryptocurrency. This cloud hosting platform benefits developers, providing the tools to create, modify, and share decentralized applications (dApps) using open-source code. Consequently, Holochain is an invaluable asset for developers building and distributing such applications.

Investing in Holo, considered one of the best penny cryptocurrencies to buy now, helps enhance its ecosystem. The more applications hosted, the greater the potential return on investment. Since its launch in 2018, Holo has shown considerable promise, securing a spot among the top 100 cryptocurrencies by 2021, which suggests future solid potential. A small investment of $0.02 has yielded significant returns for early investors, making Holo a compelling option for those interested in penny cryptocurrencies.

5. Ankr (ANKR)

What if a penny cryptocurrency platform could provide accessible decentralized cloud computing services for developers, investors, and enterprises?

Ankr is a notable option to consider.

Ankr offers a comprehensive decentralized cloud computing network tailored for cryptocurrency needs. Its extensive suite of tools makes it adaptable for developing various decentralized applications (dApps) and supporting blockchain networks for crypto tokens, smart contracts, and projects.

Developers benefit from Ankr’s network, which is easily accessible, affordable, efficient, and fast. Investors can stake ANKR tokens for long-term investments, resulting in increased returns on investment through enhanced ecosystem development and utilization. Enterprises utilize Ankr for Web3 interactions due to its simplified infrastructure and improved accessibility.

Final Thoughts On The Best Penny Cryptocurrencies To Buy Now 

Bitcoin had recently reached its all-time high between February 2024 and March 2024, and soon, its market crashed due to panic selling. While Bitcoin halving relieved it in April 2024, on March 22, 2024, it witnessed a massive price decline. Crypto markets are always volatile, no matter the profits they offer. Here, the best penny cryptocurrencies to buy now enable you to trade in crypto with smaller assets yet reap substantial gains over the upcoming years. 5thScape leads the list that has already raised $6.1 million during the first presale rounds. 

Besides, DLUME’s value surges by 7% minimum in each presale round; hence, it is the best crypto for 10x gains during its launch. Moreover, if you want to garner wealth by playing immersive vehicle simulations and racing games, then SimuGaze is worth checking!

The post Bitcoins Falls Below $70,000: Which Are The Best Penny Cryptocurrencies To Buy Now? appeared first on Coinfomania.

Every few years, a fashion show in Paris would rewrite the ways of fashion and how people dress up. In other fields as well. All creative fields go through an age of transformation. However, when it comes to finance, only some projects can rewrite how we trade and invest. After the global shift in the working style, digital currency needed an upgrade. 2024 is the year of this upheaval.

Today, we are witnessing projects changing the way we see reality; they have brought together the intricate technology of AR and VR to create an immersive solution for crucial real-world problems. These digital currencies are opening a new chapter of financial gains and transactions. And we want to help you select the best crypto to buy now. This article explores five promising cryptocurrencies for 2024—5thScape, DarkLume, eTukTuk, Green Bitcoin, and Dogeverse—that could be the key to unlocking your investment goals.

Cryptocurrencies to Watch in 2024

Our top picks for the best crypto to buy now and worth considering to add in your portfolio in 2024 is as below: 

5thScape

DarkLume

eTukTuk

Green Bitcoin

Dogeverse

These coins represent a unique blend of innovation, market potential, and real-world use cases. These factors are crucial when considering long-term investments, as they indicate a coin’s potential for growth and staying power. Let’s dive deeper into what sets these cryptocurrencies apart.

1. 5thScape: Rewriting the Virtual Reality Experience

5thScape lets gamers go beyond the limits of regular VR and into a world where they are in charge of their digital future. This isn’t your average virtual reality setting; it’s an expansive, fully realized cosmos full of possibilities. You could own the powerful weapon you just used to defeat a fierce dragon or turn your carefully crafted avatar into valuable cryptocurrency. The new blockchain technology in 5thScape combines gaming with real-world value seamlessly. This lets you turn your in-game achievements into tangible benefits. It’s not just a game; it’s a transformation. Don’t just play; take pride in your wins, make money online, and lead the way in virtual reality with 5thScape. Undoubtedly, the best crypto to buy now. 

>>Click here to visit 5thScape Presale Page  2. DarkLume: Sustainable and Scalable

DarkLume isn’t just another cryptocurrency; it’s the gateway to an exceptional virtual world where fantasy and reality merge. DarkLume, which runs on the DLUME token, offers a lifelike experience where you can live in any virtual nation of your choosing, partake in a variety of activities, and interact with other people. Your ownership and use of DLUME grants you access to exclusive benefits and supports the growth of the digital economy. DarkLume offers an exciting escape from every day, whether you’re seeking entertainment, romantic connections, or thrilling adventures. This new metaverse is a place to express your creativity and an opportunity to be part of a vibrant community and earn rewards for your social interactions. new investors. It is fiercely becoming the best crypto to buy now in 2024. 

>>Click here to visit DarkLume VR 3. eTukTuk: Changing the Ways of Urban Mobility

eTukTuk is not only rewriting the ways of transportation in developing regions but also sparking an ecological change. Imagine bustling streets filled with electric tuk-tuks running on clean energy instead of the polluting exhaust of traditional vehicles. This is the future eTukTuk envisions. eTukTuk provides communities with affordable, sustainable transportation, creating local jobs and business opportunities. Investing in eTukTuk isn’t just about financial returns; it’s about driving positive change that benefits people and the planet. Support a brighter future, join the cause, and make a difference.

4. Green Bitcoin: The Eco-Friendly Choice

Are you tired of hearing about Bitcoin’s energy usage? Green Bitcoin provides an environmentally sustainable alternative for investors who care about the environment. It’s the same Bitcoin that you know and love. However, it utilizes renewable energy sources such as solar and wind power to reduce the carbon footprint of typical mining. This means you can invest confidently in the world’s largest cryptocurrency while also helping to create a greener planet. Green Bitcoin is more than simply a financial opportunity; it represents a commitment to a sustainable future. As worldwide awareness of environmental issues rises, Green Bitcoin emerges as a shining example of responsible crypto innovation. Seize this opportunity to connect your investments with your ideals. Choose Green Bitcoin to assist in cleaning up the planet rather than exacerbate its issues.

5. Dogeverse: The Fun and Interactive Option

Tap into the spirit of a dog lover in the Dogeverse. This isn’t just another metaverse; it’s a lively realm where Dogecoin’s playful essence blends with limitless opportunities. Picture yourself trading virtual Shiba Inus, joining moon parties with other Doge fans, and delving into a digital world brimming with memes and positivity. However, the Dogeverse offers more than mere entertainment. It’s a reliable, transparent platform founded on blockchain technology, allowing you to own your digital assets truly. Whether you’re a dedicated Doge enthusiast, a metaverse adventurer, or someone seeking a unique online experience, the Dogeverse awaits you. Come along and howl your way into an exciting new world!

Why You Should Invest in Cryptocurrencies 

Investing in these innovative cryptocurrencies goes beyond just making money—it’s an opportunity to influence the future. Each of these coins grants access to innovative technologies and progressive solutions that are fundamentally changing industries and communities. Through investment, you are not just pursuing potential profits, but also supporting progress in technology, sustainability, and the digital economy. Experience the thrill of being at the front lines of a financial breakthrough. Let your investments mirror your confidence in progress, innovation, and a brighter future.

Conclusion: Embrace the Future of Finance

2024 is an excellent year for those interested in cryptocurrency. With options such as 5thScape, DarkLume, eTukTuk, Green Bitcoin, and Dogeverse, investors may select the best crypto to buy now for their financial requirements and interests. These coins are the epitome of creativity, providing distinct value propositions to a diverse range of market segments. You may set yourself up for success in the fast-paced world of cryptocurrencies by avoiding the curse and selecting these high-performing coins. As we redefine trading, investing, and interacting with the digital world, embrace the future of finance and take an active part in its change.

The post The Best Crypto to Buy Now: Your Guide to 2024’s Top Picks appeared first on Coinfomania.

Ripple CEO Brad Garlinghouse recently posted a piece of artwork on social media, which has excited the XRP community. 

The artwork, a stencil-style picture of a sorrowful chimpanzee carrying a sign that reads “Laugh now, but one day, XRP will power the World,” is a reworking of Banksy’s well-known “Laugh Now But One Day We’ll Be In Charge” painting.  

For whatever reasons, I’ve been hanging on to this one for a while…Prob my all time favorite from the XRP community. It’s been hanging on a wall in my house… but with all this momentum in the market, I wanted to share it!! pic.twitter.com/L7c861JEJZ

— Brad Garlinghouse (@bgarlinghouse) May 24, 2024

Garlinghouse revealed that he had been holding onto this artwork for some time and decided to share it amidst the current market momentum. This post has sparked mixed reactions among the XRP community, reflecting the diverse sentiments surrounding the cryptocurrency.

Artwork’s Impact on the XRP Community

The artwork’s release has generated varied reactions from the XRP community. Some members expressed bullish sentiments, interpreting the artwork as a symbol of future success. Vet, an operator of the XRP Ledger dUNL, suggested that Garlinghouse mint the artwork on the XRP Ledger. This move could signify the XRP community’s resilience and determination in its ongoing battle with the SEC.

However, not everyone viewed the artwork positively. Some community members cited XRP’s underwhelming price performance, which is down 84% from its all-time high, as a reason for concern. The timing of Garlinghouse’s post, which came amid Ripple’s legal struggle with the SEC, prompted criticism. These diverse comments show the community’s varying perspectives on XRP’s future possibilities.

Banksy’s Influence and Symbolism

Banksy, a pseudonymous English street artist, frequently includes monkeys as a recurring element in his works. The first “Laugh Now” sculpture debuted in 2000 during a guerrilla show in East London. Variations of the artwork have since appeared in Banksy’s shows, representing a watershed point in his transition from street artist to political activist.

Garlinghouse’s artwork’s dejected chimpanzee might reflect the XRP community. This community has encountered various problems, including regulatory oversight and market instability. However, the artwork portrays a bright future in which XRP might play a key role in the global financial system.

Reactions and Market Impact

Prominent community members also weighed in on the artwork’s significance. Amelie, a crypto commentator with over 42 thousand followers on X, expressed pride in holding the digital asset. She noted that XRP is the greatest coin ever created. Similarly, JackTheRippler, another community member with over 216 thousand followers, likened XRP to the next Bitcoin. These endorsements reflect a segment of the community that remains optimistic about XRP’s potential.

#XRP is the next #BITCOIN! pic.twitter.com/qLP8uuN1cS

— JackTheRippler ©️ (@RippleXrpie) May 24, 2024

However, the current legal struggle between Ripple and the SEC continues to cast doubt on XRP. Some commenters attacked Garlinghouse’s choice to distribute the artwork while the firm was involved in a legal issue. The recent approval of the Financial Innovation and Technology for the 21st Century Act (FIT21) has fueled optimism. This legislative clarity may assist in deciding XRP’s status as a security and attract larger investors. 

At press time, XRP was trading at $0.529129, with a 24-hour trading volume of $2,304,969,277. XRP is up 0.03% in the last 24 hours, with a live market cap of $29,329,880,171.

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Elon Musk, known for his transformative ventures, has once again stirred enthusiasm within the XRP and meme communities. 

Musk, who acquired Twitter in October 2022 and rebranded it as X, recently announced an upgrade to the Community Notes feature. This enhancement promises to verify real information and correct false information on the platform, sparking a wave of excitement among users.

In his latest tweet, Elon Musk revealed that Community Notes, a feature aimed at improving the accuracy of information on X, has now been translated into multiple languages. This update allows users to translate comments made in Community Notes with a single click, enhancing accessibility and understanding across different languages. Musk shared this news in a tweet written in French, signaling the platform’s commitment to inclusivity.

Elon, a very practical question, when can we use Crypto to pay the fees on X platform?

— BEBE (@X_BEBEeth) May 23, 2024

The announcement has been met with enthusiasm from the XRP community, with figures like @XRPcryptowolf urging Musk to implement cryptocurrency payments on X. Meme enthusiasts also chimed in, praising the update and inquiring about the potential for future crypto payment integrations. These reactions highlight the communities’ keen interest in the platform’s evolving functionalities.

Calls for Cryptocurrency Integration on X

Following Musk’s announcement, the conversation quickly turned to the integration of cryptocurrency payments on X. Prominent XRP advocate @XRPcryptowolf reminded Musk that the inclusion of cryptocurrency payments is a highly anticipated feature among the platform’s users. Similarly, a meme artist known as @X_BEBEeth echoed this sentiment, asking when such payments might be available.

The requests for cryptocurrency payments reflect the growing trend of digital currency adoption and the desire for more versatile financial tools within social media platforms. The enthusiastic responses underscore the community’s eagerness for X to become a comprehensive platform that integrates various aspects of digital life, including finance.

Musk and Tech Leaders Critique Microsoft’s New AI Feature

In a related development, Elon Musk and other tech leaders have voiced their concerns over a new AI feature introduced by Microsoft. The feature, called “Recall,” is an addition to Microsoft’s Co-Pilot AI and is designed to take continuous screenshots of users’ PCs or laptops, creating an archive for later searchability. Microsoft’s CEO, Satya Nadella, presented this feature as a way to help users recall and recreate past moments on their devices.

This is a Black Mirror episode. Definitely turning this “feature” off. https://t.co/bx1KLqLf67

— Elon Musk (@elonmusk) May 20, 2024

Musk likened this feature to an episode of the dystopian TV series “Black Mirror,” expressing apprehension about its potential for misuse. He announced that he would disable this feature, citing privacy concerns. Other tech figures, including Ethereum co-founder Vitalik Buterin, also questioned the implications of such a tool, particularly regarding data collection and user privacy.

The announcement of Microsoft’s “Recall” feature has sparked a debate about privacy and surveillance. According to Satya Nadella, the data collected by this feature would be stored locally on users’ devices and not on Microsoft’s servers. However, this assurance has not alleviated all concerns.

Ripple CTO David Schwartz questioned the utility of the feature, while others in the tech community voiced fears about the potential for this tool to be used for intrusive surveillance. 

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Kabosu, the Shiba Inu whose expressive face became synonymous with the Dogecoin cryptocurrency, passed away at the age of 17 on May 24. 

The news was shared by her owner, Atsuko Sato, in a blog post. Kabosu’s peaceful passing marks the end of an era for the meme and crypto communities that she helped shape.

Kabosu first gained widespread attention in 2010 when Sato posted a series of photos of her on her blog. One image, in particular, captured Kabosu’s unique, skeptical expression, which quickly spread across the internet. This image became the foundation of the “Doge” meme, characterized by humorous captions in broken English and Comic Sans font.

By 2013, the popularity of this meme skyrocketed when Dogecoin, a new cryptocurrency, adopted Kabosu’s image as its official logo. Initially created as a joke, Dogecoin soon grew into a player in the crypto market, largely due to Kabosu’s endearing and approachable image. Her influence helped foster a strong sense of community and charitable initiatives within the Dogecoin community.

Kabosu’s Legacy in the Crypto World

Dogecoin’s success, marked by its distinctive logo featuring Kabosu’s face, contributed to the broader acceptance and understanding of cryptocurrencies. The memecoin evolved from its humble beginnings into a substantial digital currency, ranking among the top cryptocurrencies by market capitalization.

Dogecoin’s rise can be attributed not only to the meme culture but also to its active community, which engaged in numerous charitable actions. These included funding clean water projects and supporting the Jamaican bobsled team. Kabosu’s image became a symbol of positivity and goodwill within the cryptocurrency sphere.

The announcement of Kabosu’s passing led to an outpouring of tributes and condolences from fans and the crypto community. Social media platforms were flooded with messages celebrating Kabosu’s life and the joy she brought to millions. Dogecoin’s official X account commemorated her by highlighting her global influence and the happiness she spread.

Today Kabosu, our community's shared friend and inspiration, peacefully passed in the arms of her person. The impact this one dog has made across the world is immeasurable. She was a being who knew only happiness and limitless love. Please keep her spirit and her family in…

— Dogecoin (@dogecoin) May 24, 2024

In December 2022, Kabosu’s health had become a concern, prompting an outpouring of support from her admirers. Notably, Billy Markus, co-creator of Dogecoin, known as Shibetoshi Nakamoto, urged the community to offer support. This call to action resulted in offers of assistance, demonstrating the deep connection and affection the crypto community held for Kabosu.

Continuing Influence of Kabosu’s Image

Kabosu’s influence even reached the political realm, with her image symbolizing the power of meme culture. The United States President Joe Biden’s reelection campaign underscored this by hiring a “master of memes” to manage digital relationships and meme pages across social media platforms. 

The farewell party for Kabosu, held at Flower Kaori in Kotsu no Mori, Narita City, on May 26, allowed fans and the community to pay their respects. Atsuko Sato expressed her deep gratitude for the support and love shown to Kabosu over the years, highlighting the profound impact Kabosu had on her life and countless others.

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Crypto YouTube channels are invaluable resources for learning about the assets. They help you learn different aspects of crypto coins, ranging from fundamentals to market insights and technical stuff. The best part is that this educational content is available for free.

Following the right crypto YouTube channels can significantly enhance your understanding of the market. These channels provide factual, educational content, helping viewers avoid the hype and focus on the facts.

Currently, there are thousands of YouTube channels that post videos related to cryptocurrency. Since you cannot follow all of them, here we have covered the best ones to start with –

Jacob Crypto Bury: Provides essential market coverage, perfect for enthusiasts

99Bitcoins: Focuses on predictions and trends

Coin Bureau: Provides in-depth analysis, revealing cryptocurrency fundamentals

Altcoin Daily: Daily updates on the crypto market, providing timely information

BitBoy Crypto: Offers investment tips and popular market insights

Crypto Banter: Ideal for beginners, covering essential, easy-to-understand topics 

Ivan On Tech: Includes expert interviews that offer professional insights and opinions

Crypto Jebb: Expert in technical analysis, offering in-depth analysis of cryptocurrencies

Lark Davis: Merges news and analysis, offering a comprehensive crypto perspective

Data Dash: Blends technical analysis with market insights and educational content 

Best Crypto YouTube Channels

We considered different factors when choosing the best crypto YouTube channels for this list, such as content type, market updates, upload frequency, etc. However, the answer to the question, “What crypto channel do I like the most?” depends only on your individual needs.

Jacob Crypto Bury

Jacob Crypto Bury is a leading crypto YouTube channel that has been in the crypto market since 2020. Jacob focuses mainly on small-cap cryptocurrencies, staking coins, and NFTs and is among the first channels to post alternative altcoin price predictions ignored by major crypto YouTube channels.

Bury’s YouTube channel has over 38,000 subscribers and offers daily news updates, technical analysis, and beginner-friendly lessons on safely acquiring coins. His videos also include trading guides using platforms like TradingView, making his channel ideal for newcomers.

Additionally, Jacob Bury runs an active and free-to-join Discord group where his 38,000+ members receive market updates, ICO insights, and investment opportunities. This channel enables direct interaction with Bury, who answers questions and explains his analyses. His expertise in simplifying complex crypto concepts into layman’s terms has earned him widespread acclaim and a substantial following.

99Bitcoins

99Bitcoins has been one of the most trusted educational resources for cryptocurrency enthusiasts. Through its YouTube channel and its official website, 99bitcoins.com, it provides a wide range of content to a large base of over 700K subscribers. The channel was launched on July 19, 2015, and so far has attracted 39 million views from 600 videos.

The channel combines real-time market updates with educational videos that aim to educate people about various aspects of crypto. Trend-based videos seek to educate the viewer on recent market trends and probable investment opportunities in the crypto world.

Besides delivering market insights, 99Bitcoins offers evergreen content that functions as an information foundation. Some tutorials, such as “What is Bitcoin?” and “What is Ethereum?” are self-explanatory and provide an emotional appeal, capturing the attention of newbies. 

Besides he also provides step-by-step instructions on trading and purchasing cryptocurrencies.

Coin Bureau

Coin Bureau, with over 2.40 million subscribers, has become a leading YouTube channel for crypto fundamental analysis. Launched in 2017 by Guy, the channel offers daily videos without sacrificing quality. Known for its explainer-style content, Coin Bureau covers everything from crypto price predictions to blockchain fundamentals and new coin listings.

Guy’s background in finance and technology makes the channel easy to understand for beginners and helps him simplify complex topics. Coin Bureau is known for its thorough analysis, focusing on the technology and future potential of different crypto assets.

The channel emphasizes long-term investment strategies, advising viewers to focus on the potential and growth of digital assets. Additionally, Coin Bureau provides exclusive interviews with industry experts and maintains a supplementary website with extensive resources for traders. With 196 million views and around 1K videos, Coin Bureau is a reliable source for crypto information.

Altcoin Daily

Altcoin Daily is a crypto YouTube channel co-founded by brothers Austin and Aaron Arnold in 2018. It has since grown in popularity. With over 1.4 million subscribers, it is a good and reliable source of daily crypto market analysis, news, and prices of digital tokens.

For early cryptocurrency investors, they offer educational articles, interviews with experts, and opinion pieces. Among them is their “Top 10” series, which ranks the best cryptocurrencies to invest in.

Altcoin Daily also discusses other domains, such as blockchain technology, mining, or the metaverse. Subscribers can be updated on new partnerships, developments, and shifts in regulations. Discussions with CEOs, investors, and developers bring a broader perspective to the industry.

BitBoy Crypto

BitBoy Crypto is a popular YouTube channel headed by Ben Armstrong. Known for its conversational style, the channel provides engaging content, ranging from market commentary to news and Armstrong’s personal views on cryptocurrency projects and currently boasts more than 116K subscribers.

Armstrong regularly uploads videos three to four times weekly, demonstrating his deep understanding of the crypto industry. The channel features technical and fundamental analysis, along with interviews with crypto entrepreneurs and industry figures. These interviews offer diverse opinions on trending crypto topics, contributing to its growing popularity.

In addition to YouTube, Armstrong has a strong Twitter following, with over 100k subscribers. BitBoy Crypto is a valuable resource for anyone interested in cryptocurrencies and blockchain technology.

Crypto Banter

Crypto Banter’s YouTube channel, with over 780K subscribers, provides many cryptocurrency traders with the information they need. It also runs a video channel by Ran Neuner that analyses trading strategies, market trends, and cryptocurrency valuation. Neuner, the CEO of OnChain Capital, and other professionals sometimes join him to discuss the latest developments in the crypto market.

The channel combines topics such as technical analysis, investing psychology, and risk management, making it relevant to both beginner and advanced traders. Crypto Banter is one of the best YouTube channels offering crypto trading information because of its interactive and educational content.

Crypto Banter is a perfect place for those who wish to remain in touch with the emerging trends in the crypto industry and learn how to trade successfully. Its focus on actionable information and high-quality commentary makes it a useful resource for anyone looking to get involved in the crypto trading world.

Ivan on Tech

Ivan on Tech is one of the most popular YouTube channels for crypto education, with over 500K subscribers. It was launched in 2013 and is named after its creator, Ivan Liljeqvist, who uploads tutorial videos on topics such as decentralized exchanges, smart contract programming, and investing strategies. Ivan has developed a reputation for making crypto concepts understandable for beginners.

The channel covers education, technical and fundamental analysis, and news from the crypto landscape. Bitcoin, Ethereum, NFTs, and DeFi are sometimes discussed in particular. Moreover, the option to learn about programming and blockchain development is available.

Ivan also hosts interviews with some of the most influential personalities in the crypto and tech world who share their views on market developments and how central banks’ rates affect the markets. He also operates Ivan on Tech Academy, offering courses related to crypto trading and blockchain development.

Crypto Jebb

Crypto Jebb, launched in late 2017, has become a prominent name on YouTube for Bitcoin technical analysis. Initially faceless, Jebb now shares his identity and offers insightful analysis, especially on Bitcoin. His real-time analysis helps viewers understand technical indicators and their applications.

Jebb began his crypto journey in 2017 and quickly gained popularity for his clear and informative content. Known for accurate market forecasts, he simplifies complex terms for novices. His work spans market assessments, crypto news, and reviews, making his channel a valuable resource.

Jebb’s objective approach highlights both the risks and rewards of investing in digital currencies. He shares insights on his YouTube channel and Twitter, offering thoughts on the latest crypto news and market trends. Additionally, Jebb engages with his audience through Twitter and the Instagram community, providing real-time updates and analysis.

Lark Davis

Lark Davis is an extraordinary YouTuber whose content is rich in both price action and underlying fundamentals. Davis has been involved in both the crypto and stock markets for many years. He has managed to turn his channel into one of the best crypto YouTube channels, where people can receive high-quality and experienced crypto forecasts.

His channel is an ideal tool for investors willing to plunge into the crypto markets. He also covers tutorials on his channel, providing users with newsletters, beginner guides, and courses. These tutorials are suitable for both beginners and experts and focus on simplifying the often-complicated crypto market.

Davis’s style of thoroughly covering all the aspects of investing makes the viewer fully aware and educated on what to do when it comes to investing. This dedication to teaching the crypto community makes his channel one of the must-watch channels for any individual who seeks to learn more about the market.

Data Dash

DataDash, a prominent crypto YouTube channel, is a key resource for learning crypto trading. Launched in 2017 by Nicholas Merten, a former analyst at an asset management firm, provides in-depth cryptocurrency market analysis, blockchain technology insights, and timely market updates.

Merten’s videos feature commentary, market analysis, and interviews with industry specialists. He covers blockchain news, decentralized finance (DeFi) developments, and growing institutional interest in cryptocurrencies.

In addition to the YouTube channel, DataDash offers a website with tools for investors, including market research and analysis and an asset tracker for monitoring crypto holdings. Merten’s paid service, Market Meditations, provides professional investors with in-depth analysis and insights.

A standout feature of DataDash is the “crypto pulse” market research, which uses an exclusive algorithm to evaluate market outlook based on price changes, trading volume, and social media engagement. Merten also shares updates on his crypto portfolio and investment strategies.

FAQs

Who is the biggest crypto influencer on YouTube?

Crypto influencer and the owner of the Coin Bureau channel Guy tops as the biggest YouTube creator among the cryptocurrency content creators, amassing over 2.40 million subscribers. His unique way of delivering content and explaining everything in greater detail goes for explainers, making their content both palpable and informative for those who know more about cryptocurrencies and those who want to learn more.

What is the best YouTube channel for learning Cryptography?

Ivan Liljeqvist’s channel provides a wealth of knowledge on decentralized exchanges, smart contract programming, and investing strategies, making it a perfect channel to learn cryptography.

The post The 10+ Best Crypto YouTube Channels in 2024 appeared first on Coinfomania.

In a significant shift, the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum ETFs on Thursday, following a change in political sentiments that influenced the agency’s stance on these financial instruments.

SEC Approval of Spot Ethereum ETFs

This approval is expected to pave the way for further victories for digital asset investors and developers, according to VanEck’s Head of Digital Assets Research, Matthew Sigel.

He expressed optimism that the improved political landscape will lead to new laws and court rulings favoring investment in bitcoin, Ethereum, and other blockchain software. VanEck, along with BlackRock, Grayscale, and Fidelity, is among the firms that applied for the right to issue spot Ethereum ETFs.

Bitwise Invest highlighted the significance of the SEC’s decision, noting that it puts the spotlight on Ethereum, the second-largest cryptocurrency asset. Bitwise also had a spot Ethereum ETF application approved.

Industry Perspectives and Responses

Prior to this week, there was a prevalent belief that spot Ethereum ETFs would not gain SEC approval despite the recent success of spot bitcoin ETFs, which launched in January and have since attracted billions of dollars in investments. Traditional financial institutions like BlackRock and Fidelity have issued these spot bitcoin ETFs, drawing hundreds of institutional investors.

Coinbase’s Chief Legal Officer, Paul Grewal, stated that the SEC’s approval confirmed the longstanding belief within the crypto community that Ethereum is a commodity. He remarked on the unprecedented nature of the week’s events, emphasizing that Ethereum has consistently been seen as a commodity.

Sigel from VanEck concurred with Grewal, noting that evidence shows Ethereum is a decentralized commodity rather than a security. He cited the Commodity Futures Trading Commission’s (CFTC) regulation of ETH futures, public statements by commission officials, and federal court rulings as instances recognizing Ethereum’s status as a commodity.

Consensys, an Ethereum decentralized application producer, echoed these sentiments but criticized the SEC’s inconsistent approach to digital assets. They acknowledged the approval of ETH spot ETFs as a positive step but described the SEC’s decision-making process as ad hoc and unfair, highlighting the regulatory challenges faced by the digital asset market. 

Broader Impacts and Market Reactions

Greg Moritz, Co-Founder and COO of Alt Tab Capitals, stated that the approvals would broaden investor exposure to crypto-related investments. He pointed out the high demand for digital assets and noted that access had been largely restricted to the technically savvy or wealthy. The recent regulatory decision, according to Moritz, indicates progress and the creation of products by major financial institutions to meet this demand.

The announcement of the SEC’s approval also drew reactions from professionals advocating for financial innovation. Julie Stitzel, Vice President of Policy at DCG, emphasized that the engagement from policymakers on spot Ethereum ETF approval demonstrates bipartisan support for financial innovation, reflecting lawmakers’ responsiveness to American concerns.

Additionally, Wednesday’s House vote, which passed the Financial Innovation and Technology for the 21st Century Act (FIT21) by 279 to 136, was seen as a political victory by many crypto advocates. The act aims to empower the CFTC with more authority and funding to oversee crypto assets classified as digital commodities.

Despite the positive news, several bitcoin miners and bitcoin-adjacent stocks experienced a downturn on Thursday, coinciding with broader equity market declines. Shares in Hut 8 led the fall, dropping 10%, while Riot Platforms and Marathon Digital saw declines of 7.6% and 5.5%, respectively. MicroStrategy, often viewed as a proxy for bitcoin due to its significant holdings, fell by 6.2%.

Procedural Steps and Future Prospects

For spot Ethereum ETFs to begin trading, the SEC needed to approve the 19b-4 form, followed by the effectiveness of S-1 registration statements. This process is expected to involve multiple rounds of review between the SEC and prospective issuers, potentially taking weeks.

Moreover, the U.S. House of Representatives passed a landmark crypto market structure bill late Wednesday, marking the first such legislation to be voted on in the House. The Financial Innovation and Technology for the 21st Century Act (FIT21) aims to regulate the crypto industry comprehensively, with the House voting 279 to 136 in favor of the Republican-led bill.

According to Palmer, the overall shift in regulatory tone should make institutional investors more comfortable with buying crypto and related instruments, including stocks with bitcoin exposure. As of publication time, Ether had risen by 1.2% over the past 24 hours to $3,814, while Bitcoin had decreased by 2.9% to $67,506.

The post Green Light for Ethereum ETFs: SEC Approves Eight Applications appeared first on Coinfomania.

Ben Zhou, CEO of the cryptocurrency exchange Bybit, recently addressed widespread rumors about the platform’s security and solvency.

On May 22, speculation regarding Bybit’s financial stability spread rapidly on social media platform X, fueled by memes reminiscent of the FTX incident. The memes led some users to joke about withdrawing their funds, while others sought a clearer understanding of the situation.

The Origin of the Rumors

The rumors originated from what appeared to be an error in a proof-of-reserves graph provided by Arkham Intelligence. This graph misleadingly suggested that Bybit’s wallets were being drained, raising concerns about a potential hack or insolvency. However, a closer inspection revealed that the funds remained intact.

Source: s0y bo1

On May 23, Bybit issued a statement to dispel these rumors. Zhou reassured users and the broader crypto community of Bybit’s robust financial standing. He emphasized that the exchange’s updated proof-of-reserves (PoR), which can be viewed through a Nansen dashboard, showed that Bybit holds more than $11 billion in assets, significantly exceeding customer deposits. This confirmation aimed to quell any fears and ensure users that their funds were secure and that the exchange was not facing insolvency.

Amidst heightened scrutiny of cryptocurrency exchanges following several high-profile security breaches and financial instabilities, Zhou’s reassurance was crucial. Bybit’s PoR demonstrated that the platform possesses more than 100% of user deposits, guaranteeing that it could fulfill all withdrawal requests. However, it was also noted that the analytics platform’s disclosure might not represent a comprehensive account of Bybit’s actual assets or reserves.

Despite its international presence and a user base of 20 million, Bybit has encountered regulatory challenges in Europe. The Autorité des Marchés Financiers (AMF), France’s financial regulatory authority, issued a warning to investors about Bybit operating without proper authorization.

Bybit’s total net worth and token allocation. Source: Nansen

Bybit was blacklisted in May 2022 for lacking a Digital Asset Service Provider (DASP) license in France, prompting the AMF to urge investors to safeguard their assets on the platform. This warning was similar to previous alerts against another crypto exchange, Bitget, underscoring ongoing regulatory challenges in the sector. 

Bybit’s Expansion in the Netherlands

In contrast to its regulatory issues in France, Bybit has expanded its footprint in the Netherlands. On March 28, Bybit launched Bybit.nl, a new regulated trading platform specifically for Dutch users.

This platform, developed in partnership with SATOS, a prominent Bitcoin-focused Dutch company, offers secure and efficient trading options. Dutch users can now trade over 300 cryptocurrency pairs, access educational resources, and utilize advanced trading tools through Bybit.nl.

The launch of Bybit.nl is significant for Bybit’s strategy to enhance regulatory compliance and user experience. SATOS, supervised by the Dutch National Bank, ensures high security and reliability for its users. Bybit.nl also introduces innovative features such as the Web3 Wallet and Airdrop Arcade, enriching the trading experience within the Web3 ecosystem.

Bybit is committed to providing tailored support to the Dutch crypto community, fostering collaboration and innovation through localized assistance and community initiatives. Ben Zhou expressed his enthusiasm about the launch, emphasizing the platform’s dedication to regulatory adherence and enhanced user service in the Netherlands.

This move is part of Bybit’s broader strategy to consolidate its presence in regulated markets amidst the complex landscape of global cryptocurrency regulations. Overall, Bybit’s recent developments reflect its efforts to address regulatory challenges while expanding its services to new regions.

The assurance of its financial stability through updated proof-of-reserves, coupled with the strategic launch of Bybit.nl, positions the exchange to better serve its global user base while navigating the evolving regulatory environment.

The post Bybit Assures Users: CEO Debunks Rumors, Shares Reserves appeared first on Coinfomania.

The Securities and Futures Commission (SFC) of Hong Kong is reportedly considering incorporating an Ether (ETH) staking option for spot ETH exchange-traded fund (ETF) issuers.

Bloomberg reports that the financial regulator is evaluating whether ETH ETF issuers should be permitted to stake Ether to generate passive income. Earlier this year, Hong Kong approved a Bitcoin ETF, following the United States’ approval of 10 spot ETFs by more than three months.

Evaluating Ether Staking for ETFs

The SFC is focused on whether to allow staking of Ether through licensed platforms. This topic has been discussed recently with the country’s crypto ETF issuers following several proposals. The regulator is still in the discussion phase, with no definitive timeline set for decision or implementation.

Unlike Bitcoin, Ethereum operates on a proof-of-stake consensus protocol, allowing users to stake their assets on the network. This contributes to network security and yields a return, currently around 3%.

If approved, staking the Ether held in Hong Kong spot Ethereum ETFs could offer investors passive income in addition to potential capital gains, potentially aiding the city’s ambitions to become a global crypto hub. However, it remains uncertain whether allowing staking will significantly boost the currently lackluster demand for ETFs in the region.

The proposal to introduce staking comes at a time when the demand for ETFs in Hong Kong has been notably weak. The city launched Asia’s first spot Bitcoin and Ethereum ETFs on April 30, managed by entities like China Asset Management (ChinaAMC), Harvest Global, and Bosera/HashKey.

Despite these developments, the new ETFs have seen minimal capital inflows compared to their U.S. counterparts, which experienced $154 million in inflows into Bitcoin ETFs on a single day. 

Contrast with the U.S. SEC’s Stance

This initiative by the SFC contrasts with the stance of the U.S. Securities and Exchange Commission (SEC), which views staking services as an investment contract and hence a potential violation of securities laws.

The SEC’s stringent position has led major financial institutions in the U.S. to exclude staking from their spot ETH ETF offerings, as evidenced by Fidelity’s removal of staking options in its latest regulatory filings. Over the past year, the SEC has actively pursued legal actions against major crypto firms for their staking products, alleging violations of federal securities laws.

In light of this regulatory uncertainty, several Ethereum ETF applicants, including Fidelity, BlackRock, Grayscale, Bitwise, VanEck, Franklin Templeton, Invesco Galaxy, and ARK 21Shares, have excluded staking from their fund plans. This development has led some market participants to argue that these funds might be less attractive to investors without staking. 

Upcoming SEC Decision

The SEC is expected to announce its decision on the pending Ethereum ETF applications today, May 23. This week, market sentiment turned positive after Bloomberg analyst Eric Balchunas raised the odds of approval to 75%, citing increasing political pressure on the financial regulator.

Notably, the chances of approval on Polymarket have also increased to 65% from a low of 10%. Meanwhile, Coinbase is challenging the SEC’s stance on staking. On March 20, it published a “Petition for Rulemaking,” asserting that core staking is not a security because it does not involve an investment of money, and the opportunity cost of staking is not an investment.

In 2024, Hong Kong emerged as a growing hub for crypto service providers due to several pro-crypto regulations. It became the first country to approve a spot ETH ETF ahead of the United States. However, the response since its launch last month has been tepid.

Allowing staking could potentially attract a new stream of investment into the country’s ETFs, boosting their appeal and supporting Hong Kong’s goal of becoming a global crypto hub.

The post Hong Kong Considers Staking for Ether ETFs, Diverging from US Stance appeared first on Coinfomania.

On May 23, the United States House of Representatives passed the CBDC Anti-Surveillance State Act with a vote that reflected stark partisan lines.

The legislation, which is now slated for a Senate vote, seeks to amend the Federal Reserve Act of 1913. It aims to prevent Federal Reserve banks from offering specific direct services to individuals and restricts the use of central bank digital currency (CBDC) in monetary policy among other objectives.

Debate in the House Regarding CBDC

The discussion in the House, which was marked by sparse attendance, saw Republicans cautioning against the potential misuse of a CBDC, portraying it as a surveillance tool similar to developments seen in China.

Democrats, on the other hand, defended the innovation potential of CBDCs, emphasizing the need to maintain the international competitiveness of the U.S. dollar and critiquing the bill for its vague language. Despite these differences, the bill was passed with the support of 213 Republicans and three Democrats, whereas 192 Democrats opposed it.

French Hill, Chairman of the Financial Services Committee Subcommittee on Digital Assets, Financial Technology, and Inclusion, expressed concerns about government abuse of its tools. Representative Mike Flood urged the audience to consider the implications of a disliked politician controlling a CBDC.

Warren Davidson, a Financial Services Committee member, compared the New York Fed’s Project Hamilton to China’s digital yuan, describing it as a “creepy surveillance tool” that could be further developed. He emphasized the need for the Fed to respond to legal constraints rather than dialogue. This sentiment was echoed by Rep. Alexander Mooney, who authored an amendment to restrict CBDC research, arguing that a CBDC should not be readily available.

The debate also featured dramatic references to the digital yuan and instances like the freezing of bank accounts in Canada during protests by truck drivers against COVID-19 vaccination mandates. Davidson invoked George Orwell’s “1984,” the New Testament’s Book of Revelations, and even the Deathstar from Star Wars to underline his points. Meanwhile, Marjorie Taylor Greene criticized what she termed the “deep state” and the Democratic leadership.

Contentious Implications of the Bill 

The bill’s exact implications were a point of contention. Brad Sherman criticized the bill as a “word salad” favoring “crypto bros” and noted that no one would be required to use a CBDC. While Republicans focused on a retail CBDC, Maxine Waters, the ranking member of the Financial Services Committee, argued that the bill could potentially ban a wholesale CBDC, risking the primacy of the U.S. dollar globally.

Source: congress.gov

Waters also mentioned that the bill could be interpreted to prohibit Federal Reserve holdings of bank reserves, essential for administering payment systems, and suggested that zero-knowledge proof technology could ensure user privacy.

She warned that while dollar-pegged stablecoins could lose value in a run, a CBDC would not. Jake Auchincloss, another committee member, proposed an alternative through his “Power of the Mint Act,” which he claimed would achieve similar objectives without the current bill’s drawbacks. However, his proposal was blocked by Republicans.

The CBDC Anti-Surveillance State Act, introduced by Rep. Tom Emmer in February 2023, passed the House by a vote of 216-192. This outcome contrasts sharply with a vote the previous day, when 71 Democrats joined 208 Republicans to pass the Financial Innovation and Technology for the 21st Century Act (FIT21), a crypto market structure bill.

This legislation would grant the U.S. Commodity Futures Trading Commission greater authority over digital assets and define the Securities and Exchange Commission’s approach to the sector. Industry participants celebrated this vote, marking it as a significant recognition of the crypto industry’s importance. 

Industry Reactions

Kristin Smith, head of the Blockchain Association, an industry lobby group, described the passage of the Financial Innovation and Technology for the 21st Century Act as a “watershed moment” and a badge of Congressional validation for the crypto industry.

Nicole Valentine, the director of FinTech at the Milken Institute, also welcomed the passage as a positive step. Nevertheless, both the market structure bill and the anti-CBDC bill face uncertain futures in the Senate, reflecting the divided legislative landscape and the absence of complementary bills in the upper chamber.

The post Partisan Vote in US House Passes CBDC Anti-Surveillance State Act appeared first on Coinfomania.

According to Statista, there were around 20k cryptocurrencies by 2023, which has surged by now (April 2024). While BTC remains the standard, it is also risky, leading to the emergence of altcoins. The latter is known as “improved versions,” which have reduced costs, enhanced transaction speeds with efficiency, and can implement smart contracts. 

Still, the primary motive for altcoin being a crypto is to yield higher ROI. So, when searching for the best altcoin for 10x gains, we have covered you all with it! 

Best Altcoin For 10x Gains 

It takes merely 20 minutes to develop your crypto token, and among many such cryptos, finding worthwhile ones remains daunting. We have compiled the best altcoin for 10x gains according to their development, performance, and price forecast. 

Below-mentioned is a list of the best altcoin for 10x gains: 

5thScape (5SCAPE)

DarkLume (DLUME)

SimuGaze (SGAZE)

VeChain (VET)

Stellar (XLM)

Avalanche (AVAX)

Let’s learn more about them! 

1. 5thScape (5SCAPE) 

This 5thScape project creates a virtual environment using blockchain technology and AR/VR to deliver incredibly lifelike game experiences. It offers an immersive reality and keeps you away from the real world. 

In addition, the primary medium of exchange on this network is its native token, 5SCAPE. There are many  ways to earn money apart from the higher returns such as playing games and earning, staking, rewards, etc. 

It also has a fixed market supply, which means that until it launches, demand will always exceed supply. It creates a virtual reality community that you can join by earning its tokens and improving your online experience.

>>Click here to visit 5thScape Presale Page  2. DarkLume (DLUME)

With advancing technologies, Metaverse is no longer an in of the technology but a parallel universe for escapism and fun. Users of some or the other such world spend limited time as their work also needs equal attention. Those who look for a passive income and could earn crypto by living in this would feel fortunate to know about DarkLume.

The latter is a gamified socio-economic system, a Metaverse, where you can participate in several activities and earn DLUME coins. You even win the tokens by merely spending time on the platform. Though DLUME is an exchange medium for the DarkLume platform to access its world, you must buy the tokens. This is a well-planned project whose tokenomics already demonstrate it as a potent crypto for 10x profits.

>>Click here to visit DarkLume VR 3. SimuGaze (SGAZE)

People’s craze for open-world gaming and immersive experiences has increased, and it’s no longer confined to solely gamers. Hence, Virtual Reality, which is already in vogue and famous, is skyrocketing now. 

SimuGaze has a VR ecosystem that lets users play games and participate in racing simulation and related activities. Understanding the potential, the SGAZE token of the platform is rewarded to users upon winning sponsorships, bonuses, exclusive rewards, and more. Apart from that, you can also purchase the utility token. 

Whenever you buy the token or stake an existing one, the platform utilizes it to develop its VR ecosystem. It is the best altcoin for 10x gains due to its proper development and expansion plan.

>>Click here to visit SimuGaze Presale Page 

4. VeChain (VET)

Amidst crises and even mismanagement, the supply-demand imbalance gets disrupted, leading to inflation caused due to scarcity of goods. Also, every product wants to ensure the proper management of its inventories to the ready-to-deploy stage. In all such situations, supply management plays a vital role. VeChain is a platform providing such solutions, and hence, consumers like BMW, Walmart, and more have collaborated with it.

Whenever platform users develop any app on it, they have to pay via the VET tokens. Moreover, the platform provides transparency, efficiency, and security. Since VeChain offers user governance rights on the platform, it attracts more consumers. Every time you buy or stake a VET token, the funding is utilized for the blockchain and its ecosystem improvement. With better collaborations, continuous improvement, and growth with a purpose, the altcoin is beneficial for yielding 10x gains in the future. 

5. Stellar (XLM) 

With increased globalization, cross-border transactions have surged in every sector and have become common. Despite many platforms available for its payment, even in Decentralized Finance, the overwhelming transaction charges are challenging to bear. So Stellar understands and overcomes this barrier by providing cross-border transactions that are efficient, quick, and waive less transaction charges.

Its excellence is evident because even IBM has collaborated with them for a custom platform suiting their needs. The platform also uses a reliable architecture and its XLM token is used for ecosystem development. Since it is influencing the international payments sector with its targeted approach, Stellar’s XLM has excellent potential for the future, promising higher ROI.

6. Avalanche (AVAX) 

There are various smart contracts in the blockchain world, yet the status of decentralized finance creates the possibility of security as well. Even its complex infrastructure makes scalability an issue if unsolved. While pioneers always take care of the aspect, some altcoins are risky. Here’s where Avalanche prioritizes security, scalability, and speed to resolve such concerns and ensure significant blockchain adoption. 

Its AVAX tokens are pivotal in securing the platform’s blockchain and validating transactions. Besides, it even provides speedy transactions, which is an uncompromising deal. Due to all these reasons, it attracts investors, massively increasing the token’s bullish sentimental value. Even enterprises and organizations are turning it over for adoption, and Amazon Web Services is a prominent example. All of it, along with the token’s success, promises profits in geometric progression to investors.

Final Thoughts 

Altcoins, with their efficiency, speed, low costs, and less volatility, are an asset provided they yield higher ROI. Amongst these, the best altcoins for 10x gains play a crucial role. 

When it comes to the tokens excelling in such tasks without any compromise, 5thScape and DarkLume stand distinct. The utility tokens can also be purchased otherwise, are efficient, and have a potent roadmap considering the emerging technologies; they are the best ones on the list! 

The post Best Altcoin For 10x Gains in 2024 – 5thScape Dominates with $6.01 Million in Presale appeared first on Coinfomania.

The world of technology is constantly undergoing advancements with innovation. While many crypto coin projects are harnessing new technological concepts like artificial intelligence, it is virtual reality (VR) which is currently capturing the most attention. This surge in interest is driven by a perfect storm:  growing user adoption and the unmatched immersive entertainment VR offers. 

This article will take you through five such VR-integrated crypto projects that are going to reshape the investment landscape and potentially outperform traditional tech crypto coins. We will explore how these projects are pushing the boundaries of VR technology and why they might be worth considering for your crypto investment portfolio. 

Top 5 VR Coins To Consider 

These are the top five VR coins that have been meticulously researched and picked by us!

5thScape (5SCAPE)

DarkLume (DLUME)

SimuGaze (SGAZE)

Metahero (HERO)

CEEK (VR)

Take a deeper insight into these five VR coin projects that are worth your consideration. Learn about their background and how they are changing the VR industry!

1. 5thScape (5SCAPE)

5thScape is an all-encompassing platform that has a massive library of VR content, from action-packed MMA fighting games to mind-blowing VR movies and educational experiences. 

But 5thScape goes beyond software. They offer top-of-the-line physical accessories, too, like the SwiftScape VR chair – ergonomically designed for ultimate comfort during your VR adventures – and the HD VR Ultra Headset with flawless motion tracking. Both seamlessly connect to the 5thScape platform, creating an unmatched VR experience.

To explore 5thScape’s VR content, you will need 5SCAPE coins, which are currently in their highly successful fifth presale. With such a comprehensive platform and growing demand, 5SCAPE coins are going to be a valuable investment. 

So, are you ready to enter the incredible world of VR? Gear up with 5thScape and become a part of the future of virtual reality!  

>>Click here to visit 5thScape Presale Page  2. DarkLume (DLUME)

Forget the 2D world of traditional social media – the metaverse is here, and DarkLume is the hottest VR platform leading the game. Become any virtual country’s citizen, not just a follower, by purchasing virtual citizenships with DLUME coin.

It is the platform’s native VR coin, giving you access to unique virtual countries with HD resolution and unique experiences. Explore buzzing entertainment venues with friends or meet up with strangers in the open-world environment.

DarkLume promises the most immersive VR experience yet. Their DLUME VR coin, available now for presale at a cost-effective price, fuels not only the platform’s blockchain but also unlocks exclusive features. With its ever-growing user base, the DLUME Coin’s value is definitely going to soar, so don’t miss your chance to be an early adopter and citizen of this one-of-a-kind metaverse. 

>>Click here to visit DarkLume VR

3. SimuGaze (SGAZE)

Are you an online gaming lover tired of flat, uninspired racing games? Fret not, because SimuGaze is here to completely change your experience. This brand new, blockchain-powered racing platform integrates VR technology, letting you feel the G-force like never before. 

SimuGaze is not just for VR enthusiasts, though. They have got you covered whether you are a console user or a PC gaming master. No one gets left behind in the dust! The platform uses SGAZE coins, which are your access key to a world of racing thrills. Use them to access games, buy exclusive in-game content, and fuel the entire SimuGaze ecosystem. 

SGAZE coins are currently available for presale, offering you a chance to be an early investor in this VR racing platform. So, are you ready to experience the true meaning of racing adrenaline? Join the SimuGaze presale. 

>>Click here to visit SimuGaze Presale Page 

4. Metahero (HERO)

Metahero is a VR coin crypto project which is all about Avatars. It uses 3D face scanning technology to craft virtual avatars that look 100% real, bringing your true self into the virtual world. Metahero is building a large database of these avatars, creating a digital identity bank that can have applications across e-commerce, fashion, and even healthcare.

Think about trying on clothes virtually or consulting with a doctor in a metaverse world – the possibilities are endless. 

Fueling this VR crypto project is the HERO VR coin, used for everything from acquiring your scan to potentially interacting within the metaverse and its integrated applications. Are you ready to be your most authentic self in the metaverse? Look no further than Metahero. 

5. CEEK (VR)

Hold onto your popcorn because the way we experience entertainment is on the verge of a revolution! Forget scrambling between Netflix and Hulu – virtual reality is merging with blockchain technology, and projects like CEEK are changing the scene. 

CEEK is not an average video streaming platform. It is a unique universe altogether where artists and athletes can host live, immersive experiences for fans in a decentralised way. You can attend a concert by your favourite artist, not on a tiny screen, but live in a virtual universe within CEEK City, complete with VR theatres and arenas. 

CEEK VR uses its own coin, aptly named “VR”, to fuel this virtual experience. This coin is used to purchase tickets to concerts, sporting events, or any other virtual event that tickles your fancy. 

But VR coins are more than just admission tickets. With their decentralised nature, they hold the potential to become valuable assets. As CEEK VR grows and the experiences multiply, the demand for VR coins could skyrocket. 

So, the question is – are you ready to let go of the limitations of old-school streaming? Then, indulge in a world of immersive entertainment. With CEEK VR, the future of entertainment is just a VR headset and a VR coin away. Will you be a part of it? 

Final Thoughts on Top 5 VR Coins To Consider 

The VR world is growing, and the potential for blockchain technology to improve these experiences can not be denied. Crypto investors should always know about the latest trends in the market. Staying informed about the latest technologies is important for the right investment decisions. Right now, the VR sector is experiencing increased adoption across various niches, making VR-related crypto projects highly sought-after. 

Considering the diversification of your crypto portfolio? You need to invest in VR coins! Whether you are drawn to the immersive VR content library of 5thScape, the social experiences offered by platforms like DarkLume, or the adrenaline-pumping VR racing simulations of SimuGaze, these projects offer unique exposure to a rapidly growing field.  

Take the leap of faith, explore these VR projects, and get ready to experience the future of entertainment and interaction in VR! 

The post Can VR Coins Outperform Traditional Tech? Top 5 to Consider appeared first on Coinfomania.