Author: CryptooTimes
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The XDC Network is a groundbreaking layer-1 blockchain tailored to multiple use cases, including facilitating the tokenization of real-world assets (RWA). Operating on a delegated Proof of Stake (PoS) consensus mechanism, XDC ensures rapid transaction processing without imposing significant energy demands. Thus, they establish a greener and more secure blockchain ecosystem. Subsequently, this unique combination of features renders XDC Network an attractive blockchain for enterprises and developers, promising versatile applications across various industries. Among its innovative use cases, XDC excels in real-world asset tokenization, enhancing liquidity and accessibility for tangible and intangible assets like real estate and commodities. Additionally, its…
What prompted billionaire investors like George Soros, Mark Cuban, and others to change their stance on Bitcoin and dive into the crypto market? George Soros, the Hungarian-American billionaire and legendary investor, is known for his sharp financial insights and bold moves in the investment world. Back in January 2018, Soros made headlines at the World Economic Forum in Davos by calling Bitcoin a “bubble,” comparing the crypto frenzy to the tulip mania of the 1600s in the Netherlands. However, in a surprising turn of events, Soros Fund Management revealed in October 2021 that it had ventured into the crypto world…
Nearly $875 million in crypto tokens from projects like Aptos, Arbitrum, Starknet and Sui will be unlocked in June as vesting periods end. Source link
The 50-day simple moving average marks major support at $64,870. Source link
House Financial Services Committee chair Patrick McHenry is urging the Senate to pass a crucial bill that seeks to clarify cryptocurrency regulations prior to the November presidential election in the U.S. On May 22, the U.S. House of Representatives approved the Financial Innovation and Technology for the 21st Century Act (FIT21) bill by a majority of 279 to 136, pushing it to the Senate. The massive support from the lower legislative body should be a “wake-up call for the Senate that they need to get on with this,” McHenry told Bloomberg’s Balance of Power on May 30. “They need to…
BTC price needs to work to flip its old 2021 all-time high to support as the Bitcoin monthly close approaches. Source link
Nigerian record producer Davido’s DAVIDO token netted early buyers a profit of nearly $470,000 worth of Solana’s SOl tokens in just 11 hours, on-chain firm Lookonchain flagged, from just over $1,000 in initial capital. This analysis was done by tracking the deployer of the original token, counting how many tokens they acquired after issuance and the sales in the hours afterward. Source link
Over the past month, the AI-created memecoin Turbo has grown by 990% according to CoinMarketCap. In the last week alone, its growth amounted to almost 200%. On May 30, 2024, the coin’s price jumped to $0.007586 before falling 22% later that day. At the time of writing, Turbo is trading at $0.0067 with a market capitalization of $422.8 million. Just a day ago, Turbo’s capitalization has reached $600 million. Source: CoinMarketCap What is Turbo? The Turbo memecoin was created in 2023 as a joke, using ChatGPT. Digital artist Rhett Dashwood asked AI to create a token with a budget of…
Pepe’s price has slid 12% since reaching all-time highs, but trading volume has surged by 216%, indicating heightened interest from traders. Source link
