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Ethereum Price Prediction 2023-2032 “The Merge did not change anything for holders/users.” Is that a fact? Crypto prices are unlikely to see a major recovery without new or returning investors bringing cash back into the market. Unless the retail people enter the market, Ethereum won’t strongly blast above ATH. Maybe something sparks retail, though, like Coinbase, ... Read more

Cryptopolitan

Ethereum Price Prediction 2023-2032: Will ETH reach $8000 soon?

Memecoins are stirring quite the storm for Cardano as network transactions spike by 1.5 million. Continue reading at DailyCoin.

Daily Coin

Cardano Transactions Spike 1.5M as SNEK Rallies to All-time High

In a surprising twist, Peter Schiff, a long-time critic of cryptocurrencies and a vocal detractor of NFTs, is preparing to launch his own NFT art collection centered around bitcoin.

crypto.news

Bitcoin critic Peter Schiff to launch NFT collection with ordinals

Laotian Prime Minister Sonexay Siphandone chaired the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation.

CoinTelegraph

Laos government reportedly prioritizes blockchain technology for digital transformation

Kava recorded a massive value-reclaiming trend in May amid the fluctuations in the crypto market. According to data from CoinMarketCap, Kava pumped by over 41% over the past 30 days. Though several crypto assets recorded a southward price trend, Kava maintained a positive hold surging through the month. While Kava soars, analysts consider a new crypto asset, yPredict, as an asset with a unique value proposition capable of increasing its adoption... Read More: Kava Token Price Pumped 41% in May, Analysts Predict This Little Known Crypto is Next to Rise – Find Out Why

cryptonews

Kava Token Price Pumped 41% in May, Analysts Predict This Little Known Crypto is Next to Rise – Find Out Why

Tether (USDT) is the largest stablecoin in the market, with a market capitalization of over $86 billion as of May 2023. Despite the concerns about the current state of the cryptocurrency market, Tether has continued to dominate the stablecoin space, with its supply growing significantly since the beginning of 2023. However, there are signs that new competitors may challenge its dominance in the future. Related Reading: Bitcoin Rally Hopes Still Alive, If This Metric Is To Go By USDT’s Reign Over? According to the researcher and founder of DeFiance Capital, ArthurOx, one factor that may limit Tether’s growth is the emergence of new stablecoins. As investors become more concerned about the risks associated with Tether, they are likely to seek alternatives that offer greater transparency and accountability. For example, USDC (USD Coin) is a stablecoin fully backed by US dollars held in reserve by regulated financial institutions, and its supply has been growing rapidly in recent years. Another factor that may limit Tether’s growth is the emergence of decentralized stablecoins. These stablecoins are built on blockchain platforms, offering a decentralized alternative to centralized stablecoins like Tether. Decentralized stablecoins eliminate the need for a central authority to manage the reserves, as the reserves are held in smart contracts on the blockchain. This offers high transparency and security and eliminates the risk of a central authority mismanaging the reserves or engaging in fraudulent activities. One example of a decentralized stablecoin is DAI, built on the Ethereum blockchain. DAI is backed by a basket of cryptocurrencies held in smart contracts on the blockchain. This ensures that the value of DAI remains stable while offering high transparency and security. In addition to these factors, there are also regulatory risks associated with Tether. The stablecoin has come under scrutiny from regulators in the US and other countries, with some calling for greater transparency and oversight. If regulators impose stricter regulations on Tether, this could limit its growth and open up opportunities for other stablecoins to gain market share. Tether And USDC Show Resilience Amid US Debt Ceiling Drama According to a recent report by Kaiko, USDT and USDC have shown little volatility amid the ongoing drama surrounding the US debt ceiling. Despite concerns over a potential US default, USDT and USDC saw little to no price movement over the past two weeks. This suggests that the markets did not view default as the base case scenario and that investors remained confident in the stability of these stablecoins. Interestingly, USDT and USDC have increasingly been trading in tandem during periods of market stress. For example, when Binance temporarily halted withdrawals for Bitcoin (BTC) earlier this month due to network congestion issues, both stablecoins rose above $1, as seen in the chart above. This suggests that USDC may have gained some safe-haven appeal as U.S. banking troubles eased. The resilience of USDT and USDC during the debt ceiling drama reflects a wider trend in the cryptocurrency market, where stablecoins have become an increasingly popular way for investors to hedge against volatility. Related Reading: Bearish Sentiment Hits EOS As Bulls Lose Control, What Lies Ahead? These developments underscore the growing importance of stablecoins in the cryptocurrency ecosystem. As more investors seek to hedge against market volatility and regulatory uncertainty, the demand for stablecoins will likely grow. Moreover, the emergence of new decentralized finance (DeFi) applications that require stablecoins as a means of exchange and collateral is also fueling demand. Featured image from Unsplash, chart from TradingView.com

NewsBTC

The End of Tether? Why A Structural Shift In The Market Spells Trouble For USDT

The upcoming unlock of 3.6% of Optimism tokens may disrupt OP's growth, increasing selling pressure and price volatility. Protocol remains high, despite waning interest in its NFTs.

AMB Crypto

Will Optimism’s upcoming token unlock pose a threat to OP?

As per the latest announcement of Polygon Technology, one of the largest blockchain ecosystems on Ethereum says that the MISFITS,

The News Crypto

Polygon Announces the Upcoming Launch of Pluto MISFITS

Cryptocurrencies are experiencing a significant surge in popularity, with numerous new coins capturing the attention of investors. In this update, we will focus on one particular group of cryptocurrencies that show high growth potential. Specifically, we will discuss CAKE, INJ, WMS, Ecoterra, Mask, yPredict, and QNT as the best cryptocurrencies to consider buying as of May 29th. ... Read More: Best Crypto to Buy Now 29 May – CAKE, INJ, WMS, Ecoterra, Mask, ypredict, QNT

Best Crypto to Buy Now 29 May –  CAKE, INJ, WMS, Ecoterra, Mask, ypredict, QNT

Unveiling $RICE "饭", the new Ethereum memecoin embodying Chinese culture. Learn how to buy and the potential 100-1000x gains. Don't miss the $RICE revolution! The post Missed $BIAO? Don’t Miss $RICE for Possible 100-1000x Gains appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

The Coin Rise

Missed $BIAO? Don’t Miss $RICE for Possible 100-1000x Gains

In a recent update, the cryptocurrency exchange Gemini, run by the Winklevoss twins, filed a motion to dismiss the SEC’s securities violation lawsuit. Gemini Trust Co filed the request in Manhattan federal court on May 26 in response to a January 12 lawsuit by the US Securities and Exchanges Commission. The litigation was against the exchange and a Digital Currency Group (DCG) subsidiary, Genesis Global Capital.... Read More: Currency Exchange Gemini Seeks to Have SEC Lawsuit Dismissed

Currency Exchange Gemini Seeks to Have SEC Lawsuit Dismissed

In a shift that could significantly impact the cryptocurrency market, major Bitcoin whales appear to be gradually retreating from crypto exchanges

U.Today

Major Bitcoin Whales Abandoning Crypto Exchanges

Uniswap price analysis reveals that the market is following a negative trend below the $5.5 mark and is likely to remain today May 29, 2023. The UNI/USD pairing demonstrated a notable upward trend on May 27, 2023, as the price surged from $4.9 to $5.2. However, this positive momentum was short-lived, as the subsequent day, May ... Read more

Uniswap price analysis: UNI shows bearish potential at $5.1

The Federal Bureau of Investigation (FBI) is issuing a warning to Americans about fake job advertisements that harass applicants into committing crypto fraud. According to a new public service announcement from the FBI, false job advertisements linked to labor trafficking compounds in Southeast Asia are using employment fraud schemes to lure people, hold them against The post FBI Issues Warning to Americans, Says Fake Job Advertisements Force Victims to Commit Crypto Scams appeared first on The Daily Hodl .

The Daily Hodl

FBI Issues Warning to Americans, Says Fake Job Advertisements Force Victims to Commit Crypto Scams

In a revolutionary step, Russia is embracing cryptocurrency exchanges to facilitate cross-border transactions, signaling a dramatic shift in its stance

Russia Pioneers Cross-Border Settlements with Crypto Exchanges

Optimism will unlock around 155 million OP tokens. Continue reading at DailyCoin.

Optimism to Unlock Millions of OP Tokens: What It Means for You

A South Korean court has handed a suspended jail term to a civil servant who stole thousands of USD worth of public funds to pay for crypto investments. Per Yonhap, the public official was handed a one-year suspended prison sentence, as well as two years of probation. The official was not named for legal reasons. The individual was in charge of budget expenditure at an administrative welfare center in the city of Ulsan, South Gyeongsang Province.... Read More: South Korean Court Jails Civil Servant Who Stole Public Funds to Buy Crypto

South Korean Court Jails Civil Servant Who Stole Public Funds to Buy Crypto

When the Pepe coin price retraced 80% following its Binance listing, several 'next Pepe' rivals rose in the price charts - are they scams or a good buy? $KERMIT token is currently in the top ten most trending cryptocurrency assets on DEXTools, appearing on its 'hot pairs' list with a double digit bounce in the past day following an even more explosive pump over the weekend.... Read More: Frog Cryptos Pump as Pepe Price Dumps - Kermit, Memetic PepeCoin, PepeDerp Up

Frog Cryptos Pump as Pepe Price Dumps - Kermit, Memetic PepeCoin, PepeDerp Up

Top crypto analytics firm Glassnode says a number of on-chain metrics are now suggesting that Bitcoin (BTC) is getting ready to move into a new price range. In its latest update, Glassnode says that BTC prices are tight and a “volatility spring” has coiled, signaling that Bitcoin is prepared to break out of its current The post Bitcoin Looks Increasingly Ready To Breakout As BTC On-Chain Metrics Reach Boiling Point: Glassnode appeared first on The Daily Hodl .

Bitcoin Looks Increasingly Ready To Breakout As BTC On-Chain Metrics Reach Boiling Point: Glassnode

The award-winning filmmaker says blockchain tech provides a powerful way for artists to connect with audiences.

Decrypt

Web3 Can Help Marginalized Communities Share Their Stories: Jordan Bayne

In a recent interview on the "What Bitcoin Did" YouTube channel, Arthur Hayes, co-founder of BitMEX, a cryptocurrency exchange platform, shared insights into his future plans with his fund, Maelstrom.

The co-founder of BitMEX shares his ideas on the future of crypto investing

Bitcoin transaction fee revenue skyrocketed in May thanks to the growth in bitcoin NFTs.

TheBlock

Bitcoin transaction fee revenue soared this month thanks to Ordinals

Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from the bankrupt company by the Fahrenheit coalition, of which USBTC is a member. USBTC said it aims to revive the fleet

Bitcoin.com

US Bitcoin Corp to Operate Restructured Mining Division of Celsius, Boosting Hashrate by 12.2 EH/s

Tron revenue was only behind Ethereum in the last seven days. Its daily active addresses and daily transactions also spiked this month, as did its DEX volume.

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