The cryptocurrency market has been experiencing a bearish trend due to macro events beyond its control. The US dollar’s strength has had an adverse impact on Bitcoin, the leading digital asset in the market. In April and early May 2021, the market valuation of the emerging industry was $1.25 trillion, but it fell to below
NEO has been one of the top-performing cryptocurrencies in the market, with a notable 15% price increase in the past week. The open-source platform aims to be the foundation for the future Internet, offering digital payments, identities, and assets. However, Ecoterra, an eco-friendly project, is gaining attention for its superior utility solutions and potential for
DeeLance, a web3 freelancing and remote work metaverse platform, has announced that it has secured a $1.12 million strategic investment from Bitgert Ventures. The investment will go towards funding the development of DeeLance’s blockchain-powered metaverse, which has already garnered attention in web3 circles. Some observers have noted that the platform could potentially disrupt the current
The Wall Street Memes crypto project’s presale began on May 26, 2023, at wallstmemes.com, with its native token WSM available to buy at $0.025 during the first round of thirty total stages. As a meme coin, its use case is for speculation and a rewards token for its community of investors and traders following the
UK Prime Minister Rishi Sunak is seeking to update his government’s guidelines for regulating artificial intelligence (AI) development. The government aims to ensure public safety as the technology is advancing rapidly, and some of its uses are unknown. New Regulations to be Implemented According to The Guardian, Sunak’s government published a white paper in March.
Ecoterra is a company that has successfully bridged the worlds of sustainability and digital currency. Utilizing blockchain technology, the company has fostered eco-friendly practices while simultaneously highlighting the viability of sustainable cryptocurrencies. Ecoterra has made headlines in the tech world with its Recycle-to-Earn (R2E) system, a pioneering approach to promoting recycling behaviors. As the users
After the crypto market experienced a recent bull run, several meme projects, including Milady Meme Coin, Doge Killer, and Tamadoge, have failed to record bullish traits. As a result, market analysts believe that the meme coin frenzy seems to be tapering down, and investors are turning to more utilitarian assets like climate change blockchain project
On May 27, Beijing released a white paper titled “Internet 3.0 Innovation and Development,” which aims to support and advance Internet 3.0 (web3) and the metaverse, according to Chinese media, ThePaper. However, Binance CEO Changpeng Zhao (CZ) pointed out on Twitter that the timing of the white paper’s publication is just days before the June
Ethereum, the second most valuable cryptocurrency by market cap, has gained popularity due to its flexibility in enabling decentralized transfer and decentralized financial trading, and smart contracts. Its first-mover advantage has led many to believe that Ethereum could reach $10,000 by the end of this year, following its successful switch to a proof-of-stake consensus algorithm.
Bitcoin (BTC) managed to hold onto its recent gains on May 27 as traders called for a change in “bearish” market sentiment. The price of BTC/USD entered the weekend at approximately $26,700. Despite the recent macroeconomic data from the United States, which showed the economy weathering tighter financial conditions better than expected, the mood remained
