crypto
ValueWalk
Consensys the firm behind the prominent cryptocurrency wallet MetaMask, has acquired Wallet Guard. The acquisition comes in a bid to enhance the Web3 wallet’s security. The development has been confirmed by Wallet guard co-founder Martin on X. He is also the senior product manager at MetaMask. Enhanced security for MetaMask usersAs a part of the move, the entire Wallet Guard team will onboard Consensys as a part of the MetaMask Product Safety Team. Not much has been disclosed about the deal; as such, the terms of the acquisition remain unknown. MetaMask is looking to integrate Wallet Guard’s b...
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If you have been keeping an eye on the meme coin market this year, chances are that you have already heard of Memeinator (MMTR) and Popcat. Both have been making waves but it’s likely that Memeinator will prove to be a better investment for 2024. Let’s dive in and explore why. Intro to Memeinator and PopcatLet’s introduce you briefly to both Memeinator and Popcat first. Memeinator is a fairly recent addition to the crypto market – one that has a rather bold mission: to dominate the meme coins space by destroying the weaker peers. Popcat, on the other hand, aims at playing the wave of cute anim...
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The crypto market displays a downward stance as Bitcoin (BTC) hovers below the $61.5K mark. Nevertheless, declining Bitcoin dominance shows altcoins will lead the upcoming market rebound. Dogecoin (DOGE) attracts attention due to its potential 400% breakout, while Dogwifhat (WIF) targets $11 by November 2024. While that indicates bullish sentiments for altcoins and themed tokens, political-tied Solciety (SLCTY) seems positioned to outperform the crypto industry in the next bull run. Dogwifhat ready for explosive movesThe canine-themed crypto is gaining attention, with analysts forecasting mass...
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Bitcoin has yet to reach the peak of its current appreciation cycle and is likely to surpass its all-time high this year, according to a research report released by CCData on Tuesday. The report provides a detailed analysis of bitcoin’s historical price movements and the factors influencing its current trajectory. BTC’s recent performance and ETF influenceIn March, Bitcoin achieved an all-time high of over $73,700. However, since then, it has been trading within a range of approximately $59,000 to $72,000. The ascent to the record high was significantly influenced by the approval and launch of...
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INX, a regulated marketplace for trading security tokens and tokenized real-world assets, and Backed, a leader in real-world asset tokenization, have announced the listing of tokenized NVIDIA stock on the INX platform for eligible non-US users. This partnership marks a significant advancement in the integration of traditional financial assets with the digital asset space. Tokenization of NVIDIA stockThe launch of bNVDA, a tokenized security backed one-to-one by NVIDIA Corp (NVDA) stock, represents a pivotal step in the tokenization of real-world assets. Issued on the Ethereum network, bNVDA ut...
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Bitbot, a new entrant in the crypto trading landscape, has completed its presale, positioning itself to leverage advanced AI and security features. The Bitbot token (BITBOT) presents a unique investment opportunity, aiming to revolutionise how traders interact with the market. As the AI industry and Telegram bot market experience rapid growth, Bitbot is poised to capture significant market share. Gem Scanner: The AI advantageCentral to Bitbot’s innovation is its Gem Scanner, which processes extensive data from various sources, including dexscreener, birdeye, and social feeds. By integrating ma...
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The price of FET has fallen drastically as Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNet (AGIX) merge. The token has dropped over 35% in a month. Notably, FET is the temporary name of the Artificial Superintelligence Alliance token ahead of the second phase of the Fetch.ai, Ocean Protocol, and SingularityNet merger. FET, OCEAN, and AGIX merger kicks offThe merger of Fetch.ai, Ocean Protocol, and SingularityNet into the Artificial Superintelligence Alliance (ASI) represents a strategic move to advance decentralized Artificial General Intelligence (AGI) and Artificial Superintellige...
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Stablecoin issuer Paxos has tapped Singapore’s DBS bank as its custodial partner. The bank will be responsible for cash management and the custody of Paxos’ stablecoin reserves. This is the first time the DBS Group, which is the nation’s largest bank, will hold stablecoin reserves. DBS and its cryptocurrency tiesThe recent move is expected to deepen the bank’s roots in the cryptocurrency sector. Highlighting the bank’s future plans, Evy Theunis, head of digital assets at DBS, said: We look forward to partnering leading stablecoin issuers for their cash management and reserve custody needs if t...
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SEC Commissioner Mark Uyeda has criticized the SEC’s approach to crypto disclosure rules, calling it “problematic.” The comment came in a July 1 statement on the SEC’s website. Per a statement on July 1, Uyeda announced new rules for Registered Index-Linked Annuities (RILA). However, a footnote in the statement criticised the SEC’s approach to crypto regulations. SEC Commissioner says current approach inadequateUyeda noted that Form S-1 filings, used by firms going public or registering new securities, need updates. The commissioner argued that the commission’s current approach “neither facili...
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