The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, are currently working on developing guidelines for countries interested in joining the economic bloc. South Africa’s Minister of International Relations and Cooperation, Naledi Pandor, recently made this announcement, stating that the BRICS nations are receiving a lot of interest from other countries and
Senator Cynthia Lummis expressed disappointment with Signature Bank’s former Chairman Scott Shay and former President Eric Howell at a Senate Banking Committee hearing on Tuesday. Lummis, a Wyoming Republican and crypto advocate, criticized Shay’s supposed deflection of blame for the bank’s failure and his wordiness about crypto. Signature Bank was one of three banks to
Bitcoin’s Ordinal inscriptions have been breaking milestones, with over 7 million inscriptions embedded in the blockchain. This surge continues to defy detractors, shattering any skepticism towards the trend’s demand. The current count stands at 7,204,882 inscriptions as of May 16, 2023, since the inaugural inscription on December 16, 2022. The Significant Acceleration The world of
The price of Ether (ETH) has been struggling to maintain its $1,800 support level since May 12. The high gas fees associated with transactions and a worsening regulatory environment are creating pressures for investors. Additionally, three indicators are signaling a lack of demand for decentralized applications (DApps) and a lack of leverage buying demand from
The crypto market has witnessed a surge in meme coin price action recently, and one coin that has caught the attention of investors is SpongeBob Token ($SPONGE). Despite the market downturn caused by Bitcoin’s dip to $25k, $SPONGE has shown impressive growth from its all-time low of $0.00007261 and is currently priced at $0.0004646. With
Bitcoin has recently taken on functionalities that were traditionally associated with the Ethereum blockchain. It has started innovating new tokens and generating non-fungible token assets. Impressive Valuation of $497.75 Million On May 16th, the BRC20 token economy achieved a valuation of $497.75 million, which is a significant milestone. The market capitalization of its 24,677 digital
The cryptocurrency market has been experiencing turbulence lately, with XRP, the cryptocurrency by Ripple, being hit the hardest. XRP’s aggressive downtrend from mid-April has left it hovering around the mid-$0.42s, reflecting a nearly 10% drop this month and a 28% drop from March’s highs. The looming legal battle between the US Securities and Exchange Commission
Launchpad XYZ is a metaverse platform with an ambitious vision to create an all-in-one hub that offers users access to the best projects in the blockchain arena. Its aim is to create a more accessible web3 space by constructing a user-friendly, curated portal. The platform envisions an unbiased window into the latest and greatest experiences
Brad Garlinghouse, CEO of Ripple, took to Twitter to express his frustration with the US Securities and Exchange Commission (SEC) for its “hypocrisy” in public statements about the cryptocurrency industry. Using a meme from The Office, Garlinghouse criticized the SEC for issuing statements from its “bully pulpit” without providing clear guidance to the industry. He
According to CoinShares’ latest crypto fund flows report, crypto-backed investment funds experienced net outflows for the fourth week in a row, with a total outflow of $200 million over the four-week period. Last week, outflows totaled $53.8 million, a similar amount to the previous week’s outflow of $53.7 million. The outflows were primarily driven by