ArbInu (ARBINU) seems to be dead as its price has been tanking in the last few days, having shed around 90% of its value since setting record highs in March near $0.001. Unfortunately, the utility-lacking meme coin appears to have been nothing more than a pump and dump. Love Hate Inu: A Revolutionary Social Media
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The recent price movements of Bitcoin have been a topic of discussion for many analysts and investors. While the crypto managed to defend the $28,000 support on May 2, it is yet to reclaim the $29,200 level from April 30. Analysts have attributed the recent downtrend to the expectation of an interest rate increase by
The Blockchain Association, one of the largest cryptocurrency lobbying groups, has announced that it will move its resources out of New York to concentrate on federal policy. The CEO of the organization, Kristin Smith, has stated that the group will continue to hire full-time staff in Washington D.C. to promote its mission of advancing the
Bitcoin (BTC) experienced daily lows on May 3rd, as markets awaited the Federal Reserve’s interest rate decision. Data from various sources showed BTC/USD reaching $28,152 on Bitstamp, down 2.2% from the day’s highs. The pair continued to be volatile into the May 3rd meeting of the Federal Open Market Committee (FOMC), the event that accompanies
The Nigeria Federal Executive Council has given the nod to the National Policy on Blockchain formulated by the Federal Ministry of Communications & Digital Economy. This approval means that blockchain technology can now be officially used in the country. The government has established a steering committee led by the National Information and Technology Development Agency
The Federal Reserve announced on Wednesday that they will raise the benchmark interest rate to 5 to 5-1/4 percent. The move comes as a response to the expansion of economic activity in the first quarter and the need to curb inflation. While unemployment remains low, inflation has been elevated, prompting the Fed to take action.
The White House’s Council of Economic Advisers has proposed taxing cryptocurrency miners to pay for the costs that are inflicted on the environment and local communities. In a blog post published on Tuesday, the council noted that the electricity used in crypto-mining was similar to what is used to power all of the country’s home
SUI, a layer1 blockchain network, has launched its mainnet and its native token is now available for trading on major exchanges such as Binance and Bybit. The launch took place at 12:00 UTC and the token began trading for less than $2. However, the token’s price rapidly declined by 72% to $1.29 within less than
In March, a developer named Domo introduced the BRC20 token standard to the Bitcoin community, which has been the topic of conversation ever since. The BRC20 tokens use the Ordinals protocol, allowing creators to mint fungible crypto assets easily on-chain. To create a BRC20 token, an individual must encode a JSON data object containing essential
The US Securities and Exchange Commission (SEC) has been cracking down on crypto companies lately, but according to an editorial by Bloomberg, this could be beneficial to the industry in the long run. The editors of Bloomberg suggest that the crackdown represents an opportunity for crypto to gain mainstream adoption and acceptance, which is necessary