As crypto markets succumb to sell pressure on Tuesday as US markets reopen following the longer Memorial Day holiday weekend amid jitters about the sale of Mt Gox Bitcoins, traders are hunting for altcoins gems that could still provide short-term upside and be the best crypto to buy now. Bitcoin (BTC) was last trading around…
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A major Chinese bank, Industrial Bank, will reward digital yuan-using customers with carbon points as it targets further CBDC adoption. Per CICC Online, the bank announced that verified digital yuan wallet users can now obtain “personal carbon account points” when they use its app to make purchases with the CBDC. Major Chinese Bank: Digital Yuan…
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Altcoin interest may be the driving factor as South Korean interest in alternative cryptoassets continues to rise, a new report has claimed. Per the South Korean media outlet Kyunghyang Games, the findings were published in a report on the nation’s crypto community by the blockchain market consultancy DeSpread. The report’s authors noted that “altcoin preference”…
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Financial authorities in South Korea are prohibiting universities from opening corporate accounts for coin transactions. This is resulting in their inability to convert cryptocurrency donations provided by certain crypto businesses into cash. Local outlet Chosun Ilbo reported Monday that financial authorities are concerned that corporate accounts, unlike individual accounts with real names attached, can be…
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It was a quiet start to the week for global markets, with US markets shuttered for Memorial day, but cryptocurrencies were nonetheless in a good mood, with most major coins rising in wake of pro-crypto commentary from US Presidential candidate and former President Donald Trump last week, and traders hunting for the best crypto to…
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Aptos, a layer-1 blockchain platform developed by former Facebook employees, has set a new record in blockchain transactions. On May 25, Aptos surpassed Solana by recording an astounding 115.4 million transactions in a single day, far exceeding Solana’s 31.7 million, according to Aptoscan. The surge in transaction volume not only shattered previous records but also…
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The native token of Web3 social network Friend.tech, known as FRIEND, has experienced a significant drop in value. The decline came after one of the protocol’s co-founders, who goes by the pseudonym Racer, expressed intentions to part ways with Base, the Ethereum Layer-2 network developed by Coinbase that hosts the project. “System design bounty: If…
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Former President Donald Trump has made a promise to grant a presidential pardon to Ross Ulbricht, the founder of Silk Road, if he is re-elected in November’s election. Trump made this announcement during the Libertarian Party’s National Convention in Washington on May 25. “If you vote for me, on day one I will commute the…
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The Delaware Supreme Court has ruled in favor of BitGo by overturning a lower court’s dismissal of the company’s $100 million lawsuit against Galaxy Digital. The lawsuit stems from a failed acquisition between the two entities. In its filing on May 22, the Delaware Supreme Court stated that the language used in the BitGo-Galaxy Digital…
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The concept of the Metaverse has gained significant attention in recent times, prompting many to consider its investment prospects. The Metaverse refers to a virtual universe where users can interact with a computer-generated environment and other participants in real-time. It encompasses a wide range of technologies, including virtual reality (VR), augmented reality (AR), blockchain, and…
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