Ethereum News Daily TheBitTimes.com

A crypto whale has made an incredible profit of $120,000 by investing $3,000 in Pepecoin (PEPE), a popular memecoin. Memecoins have gained attention for their entertainment value and profit potential, making them an attractive investment option in the crypto space. But now there’s a new memecoin in town that has caught the attention of crypto whales. This memecoin stands out by not only being a source of entertainment but also serving a democratic purpose through its various utilities. In this article, we will explore this new memecoin and why crypto whales, who have already made significant profits from memecoins, are eagerly competing to secure early positions in this exciting project. Stay tuned to discover the potential of this rebellious memecoin and the opportunities it may offer investors. BUY $ANA NOW Pepecoin and Crypto Whale Flipping Magic Pepecoin (PEPE) initially gained support from crypto investors and enthusiasts due to its association with the popula...

Chris Maurice, founder and CEO of crypto exchange Yellow Card said in Africa, crypto isn't the "casino" that it can sometimes feel like in the West. While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyper inflation and " corruption ," executives told Cointelegraph. Speaking to Cointelegraph, Chris Maurice, founder and CEO of Yellow Card — Africa’s largest cryptocurrency exchange — said crypto in Africa “is growing at the speed of light” because it allows many Africans to escape from the traditional financial system’s failures and transact more freely. “Crypto solves real-world problems with banking and currencies on the continent, and it isn't the casino that it can feel like sometimes in the West.” Maurice said the most common use cases in Africa are to make international payments, to send money to friends and family and to “save money ...

The report, which consists of 16 separate proposals, highlights the advantages and potential of blockchain technology in various sectors. Canadian lawmakers have shown their support for blockchain technology and cryptocurrencies in a report released by the Parliamentary Standing Committee on Industry and Technology (INDU) of the Canadian House of Commons. The report which consists of 16 separate proposals, highlights the advantages and potential of blockchain technology in various sectors. As a result of the INDU’s deliberations, the committee made recommendations that they included in the reports for the consideration of the House of Commons or the government. As part of the recommendations stated in the report, the Government of Canada should recognize blockchain as an emerging industry with significant long-term economic and job creation opportunities. It should prioritize protecting individuals' right to self-custody and promoting safe and reliable access to digital assets. J...

Tether has signed a memorandum of understanding (MOU) with the government of Georgia to foster crypto, web3, and peer-to-peer (P2P) technology development in the country. The stablecoin issuer will also work with local startups to develop blockchain-based solutions through collaboration. Tether forges alliances with Georgia Tether.to, the issuers of USDT, the world’s largest stablecoin, has signed a memorandum of understanding (MOU) with the Georgian government to accelerate the development and adoption of crypto, blockchain, and peer-to-peer technologies in the country. According to a press release shared with crypto.news, the alliance aims to attract foreign direct investment, develop resilient communication and financial systems for the country through blockchain and P2P technologies, collaborate with local academic institutions for educational programs focusing on crypto, web3, stablecoins, and other innovative technologies. You might also like: Gate Pay and City Pa...

Terra Luna Classic in Hong Kong Virtual Asset Consortium Index Terra Luna Classic community member sent a format request to Hong Kong Virtual Asset Consortium to include Terra Luna Classic ( LUNC ) in the digital currency index. advertisement The HKVAC team responded by saying it acknowledges the reputation and strengths of Terra Luna Classic, as well as connections with crypto exchange Binance. The HKVAC large market cap index is created for a specific purpose and index constituents will be published on the official website on July 14. Moreover, the HKVAC team is considering more index types and will consult the Terra Classic community for more information. “Our index is at the moment for demonstration purposes only. However, we did receive overwhelming response and we believe there might be users considering the future use of the index.” Recommended Articles ...

The Nevada Financial Institutions Division has recently lodged a petition for receivership for Prime Trust citing operational instability and insolvency. In a move seeking to stabilize its operation, the Nevada Financial Institutions Division has called for the initiation of receivership proceedings for cryptocurrency custodian Prime Trust. The institution’s call for receivership was prompted by concerns over Prime Trust’s financial soundness and current operational state. According to the regulator, the crypto custodian’s mode of operation was found to be precarious and unstable, and the company is identified as insolvent in compliance with the cease-and-desist order promulgated on June 21, 2023. FID alleged Prime Trust lost access to legacy wallets in 2021 and used customer assets to buy back crypto oh brother https://t.co/2rrW2jpmDr pic.twitter.com/zjebYPAkcA — db (@tier10k) June 27, 2023 By seeking the appointment of a receiver, the regulatory bod...

BIAO coin, the newly launched cryptocurrency, has garnered significant attention within the market. It experienced a staggering 95% surge on Tuesday, propelling its value to $0.000002971. This saw the token secure a position among the top 10 hot coins of the day on DEXTools. The team behind BIAO coin provides limited information on its official website, biaocoin.xyz. The project has garnered a high reliability score of 99/99 on DEXTools. Additionally, it boasts a community trust score of 71.1%. According to its official Twitter account, the BIAO coin is described as “the future of finance” and “not just a meme, but a friend.” It draws inspiration from popular Chinese meme “biaoqing,” featuring an expressive face superimposed onto a panda bear or other animals. Introduced in May 2023, Biaocoin (BIAO) operates on the Ethereum (ETH) platform. Supported by a dedicated team of developers and a thriving community, Biaocoin garners support from reputable ...

The crypto exchange created a new product, “Nitro Spreads,” to provide institutional investors with an easier way to “trade the basis” and successfully navigate the market. In the highly volatile and ever-changing cryptocurrency market, exchanges are striving to not only survive but thrive in all market conditions. They understand the importance of catering to institutional investors who demand innovative tools and solutions to meet their evolving needs. A common trading strategy for institutional users is trading the basis, or taking advantage of the difference between an asset’s price on different markets, such as spot and futures. Responding to the trading community’s needs, OKX has launched a product for institutional users to execute basis trades with one click. In this interview, Lennix Lai, global chief commercial officer at OKX, highlights the challenges institutional traders are currently facing when trading cryptocurrencies, and discusses how OKX is addressing them by contin...

Approximately $26 million in bitcoin and crypto assets belonging to Terraform Labs executives, including founder Do Kwon, have reportedly been frozen by authorities in Switzerland. South Korean news outlet Digital Asset reported that the funds were taken from Zurich-based digital asset bank Sygnum at the request of US federal prosecutors and the Securities and Exchange Commission (SEC). Sygnum made headlines back in 2017 when it announced it was the world’s first regulated digital asset bank. In February this year, the SEC said that 10,000 bitcoins were transferred from Terraform Labs and the Luna Foundation Guard (LFG) to personal wallets belonging to top execs. “Since May 2022, defendants have sent the bitcoins in this wallet to Swiss financial institutions and turned it into fiat currency, withdrawing more than $100 million by the time of filing the lawsuit,” the SEC said. In April this year, Digital Asset reported that the Seoul Southern District Prosecutors’ Office’s Financi...

Trevor Power hopes the framework will fall closer on the “spectrum” to the EU’s MiCA, as opposed to the current regulatory position in the U.S. The Australian Treasury’s token mapping of digital assets will adopt a “tech agnostic ” and “principles-based” approach in order to define crypto assets, according to a Treasury official . Speaking to Cointelegraph on June 26 at the Australian Blockchain Week, Trevor Power, an Australian Treasury Assistant Secretary said the framework will be structured to easily classify tokens based on their “function” and “purpose.” “The token mapping paper spends a lot of time talking about the token, the system, the value delivered for the very purpose of trying to structure whatever regulation such that it draws on those principles so then a token can be placed within that,” Power said, adding: “It's trying to be tech agnostic. It's not trying to be token specific.” Power said “it’s fair to assume” crypto-specific legislation will appear someti...

Ripple Labs has received in-principle central bank approval in Singapore to begin offering crypto products and services under a regulated banner throughout the city-state. The licensure for its local subsidiary, Ripple Markets APAC, would allow it to scale client’s use of its crypto-enabled On-Demand Liquidity (ODL) service , the San Francisco firm said in a statement. Ripple Labs’ provisional license allows it to start offering payment s service s such as account issuance, cross-border money transfer service s and digital payment token service s while it undergoes further regulatory checks. ODL, which runs on the Ripple distributed ledger, aims to boost efficiency of international transfers by using XRP as an intermediary asset. Company materials suggest it operates across some 40 payment s markets, including France, Sweden and Africa. Ripple Labs reported selling $2.9 billion XRP last quarter to customers for use on its payment s network. It spent $2.6 billion buying the token ...

Tornado Cash developer Alex Pertsev will be released next week and will await trial at home. Authorities arrested Pertsev in the Netherlands in August last year for suspected involvement in money laundering. Eléonore Blanc, Pertsev’s wife, confirmed with Blockworks over Telegram that Pertsev would be coming home in the next week. According to the FreeAlex Public Group created by Blanc, investigations have recently concluded, and Pertsev’s lawyer will now begin working on the defense case.  Authorities arrested Pertsev shortly after the US Treasury sanctioned cryptocurrency mixer Tornado Cash over allegations that it had assisted in money laundering over $7 billion worth of assets since its genesis in 2019. The Treasury also accused the cryptocurrency startup of aiding North Korean hackers in stealing money from bridge hacks.  He was arrested under the accusation that he had laundered over 500,000 ETH, which he has repeatedly denied. Dutch prosecutors said at the time that they be...

Join Our Telegram channel to stay up to date on breaking news coverage Binance, the world’s largest cryptocurrency exchange, has announced its collaboration with legendary footballer Cristiano Ronaldo to launch another NFT collection.  Ronaldo, known for his immense success in football, launched his first NFT collection last year, which quickly sold out within the first week. Cristiano Ronaldo and Binance Partner for The ForeverCR7: GOAT NFT Collection Renowned as one of the greatest footballers ever, Cristiano Ronaldo has amassed a staggering 838 career goals. The upcoming ForeverCR7: The GOAT NFT collection , created in collaboration with Binance, will showcase remarkable moments from Ronaldo’s illustrious career, including his memorable goals, celebratory instances, and remarkable achievements.  The collection will comprise an impressive array of over 29,000 NFTs, capturing the essence of Ronaldo’s historic journey. Among these treasured moments...

Matthias Mende said while it’s very unfortunate, there are a lot of bad actors using social media who are constantly trying to bring harm to others. Digital fraud is a huge problem in social media. Each day, scammers create new accounts mimicking popular content creators, and attempt to get fans and other unsuspecting victims to send them money. To solve the problem, some turned to the blockchain to try to create and implement a decentralized social identity verification system.  At the recent World Token Summit 2023, Cointelegraph spoke to Matthias Mende, the co-founder of the Dubai Blockchain Center and a speaker at the event. During his speech, Mende talked about one of the center’s projects implementing blockchain technology to create a decentralized social identity for its users. Cointelegraph reporter Ezra Reguerra with Matthias Mende (right) at the World Token Summit event in Dubai. Source: Cointelegraph  Speaking to Cointelegraph, Mende shared that identity fraud has been a c...

How to Mine Ergo 2023: A Comprehensive Guide to Ergo Mining Are you interested in mining Ergo in 2023? Ergo, positioned as “smart money,” is a cryptocurrency that aims to provide advanced cryptographic Features and revolutionary DeFi functionality. With its solid foundation built on a decade of blockchain theory and development, Ergo offers a unique opportunity for miners. In this comprehensive guide, we will walk you through the process of mining Ergo in 2023, explore its key Features , and provide valuable insights on profitability and best practices. So, let’s get started! Source: Forbes Understanding Ergo: A Brief Overview Before diving into the mining process, let’s take a moment to understand what Ergo is all about. First, Ergo was created to address the stagnation in the blockchain industry by implementing technical and economic ideas that add value without compromising the advantages of blockchain systems. Its primary focus is to provide an efficient and secure platform for im...