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Cryptocurrency investors are now paying closer attention to Cardano (ADA) and XRP primarily because of the recent developments being made on both platforms. On the other hand, Collateral Network (COLT) continues to woo more investors after the successful launch of its PR esale, which has seen PR ices skyrocket by 40% so far.  Analysts PR edict the PR ice of Collateral Network to grow by 3500% and reach $0.35 during the PR esale. BUY COLT TOKENS NOW Cardano (ADA) Expanding Its Ecosystem with New Developments Cardano has been making news in the cryptocurrency world with its recent developments, which aim to improve the network’s transparency, security, and sustainability. Cardano is the brainchild of Charles Hoskinson, who co-founded Ethereum. The goal of Cardano is to overcome the limitations that users face in other blockchains. Cardano recently announced its planned updates for the highly anticipated Voltaire Era launch. Voltaire Era will be a governance system that al

The former official warned that these influencers would face the same anti-fraud rules that apply for manipulating the price of exchange listed-securities. advertisement SEC to crackdown on influencers manipulating crypto prices There has been a surge of influencers and so called analysts forcing cryptocurrencies down their viewers’ throat recently. Reed warned that these influencers will be dealt swiftly by the SEC.” What amazes me most about crypto promoters in particular is the brazen and arrogant way so many of them grift their victims — always in plain view,” the former SEC official wrote on Twitter. Crypto industry is still a wild west in terms of regulations in the US and around the world. These regulation loopholes let influencers off the hook when engaging in such fraud and manipulating the prices of cryptocurrencies for their benefits. Read More: Scam Tokens Ride The Wave Of Meme Coin Mania The case of Ricky Bobby John Reed cited the examp

In a recent video, crypto analyst and trader Dan Gambardello expressed his long-standing belief in Cardano’s (ADA) potential for mass adoption. The analyst was always vocal about Cardano’s future prospects as a value investor, envisioning a time when the blockchain platform would boast a solid infrastructure that was secure, scalable, and decentralized. Now, it seems that time may have arrived, according to Gambardello, as he detects the rumblings of a stampede heading toward Cardano. He explained that the unexpected catalyst for this newfound attention on Cardano comes from meme coins. The video highlighted a tweet from a well-known altcoin enthusiast, who expressed interest in Cardano wallets and ultimately invested $3,000 in a meme coin called SNACK. The crypto analyst believed this incident exemplified the recent surge of interest and adoption Cardano has been experiencing. Looking forward, Gambardello speculated on the potential impact of the ongoing adoption wave.

Brazil Suggests Ditching USD China, one of the leading economies within the BRICS group, has already engaged in discussions about conducting trade using their respective national currencies. Likewise, Brazil’s President, Luiz Lula da Silva, has acknowledged the need to harness a currency other than the US dollar. advertisement Read More: Russia Drops Plans For National Crypto Exchange Speaking about the importance of regional cooperation, Lula emphasized the necessity for South American countries to work together as a bloc to tackle poverty. He also expressed willingness to consider requests from various countries to join the bloc during the upcoming BRICS summit. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Aff

Following the collapse of the FTX exchange in November 2022, Temasek had to write down its $275 million investment in the company. Soon after, the Singapore state investor issued a review of its investment in the exchange In a statement posted on the company’s official website, Temasek Chairman Lim Boon Heng said: advertisement “Although there was no misconduct by the investment team in reaching their investment recommendation, the investment team and senior management, who are ultimately responsible for investment decisions made, took collective accountability and had their compensation reduced”. However, the Singapore-based investment firm hasn’t detailed the amount of compensation cut for the senior management team behind the FTX investment. As of March 31, 2022, Temasek’s assets under management stood at S$403 billion ($304 billion). Thus, the cost of its investment was 0.09% of its net portfolio. Interestingly, before the collapse of FTX, Temasek said

OpenAI Chief Executive and founder of ChatGPT, Sam Altman, has raised $115 million in Series C funding for a cryptocurrency project, Worldcoin. Zach Pump on Twitter says the fundraising event marks Altman’s entry into the crypto ecosystem. The guy who made ChatGPT is coming to crypto. Sam Altman just raised $115 million for “Worldcoin”. I did some digging, here’s what you should know: (1/10) pic.twitter.com/X9wT8J8Qha — zach.pumps (@zachpumpit) May 26, 2023 Zach praised the feat Altman achieved by raising $115 million for a crypto project in the middle of a bear market. He noted that Blockchain Capital led the funding exercise. The firm’s General Partner, Spencer Borgat, explained why his team led Worldcoin’s latest funding program. Borgat said his team went all out for the project after spending hundreds of hours evaluating what Altman and other contributors to OpenAI had built. According to Borgat, many people misunderstand Worldcoin because of the sensitive aspect

Bitcoin and altcoin prices continue to slump, but potential progress on the debt ceiling discussion could possibly produce a price reversal. Bitcoin is threatening to break the narrow range to the downside. The cryptocurrency markets seem to be taking cues from the United States equities markets, which have been down for two straight days due to the uncertainty regarding the debt ceiling negotiations.  If the debt ceiling talks stretch further, traders may lighten their positions from risky assets, as a debt default by the U.S. is likely to have huge financial implications around the world. Even cryptocurrencies could witness a sell-off, and analysts have not ruled out a potential fall to $20,000 for Bitcoin (BTC). Daily cryptocurrency market performance. Source: Coin360 Institutional investors maintained their cautious stance in the near term. CoinShares’ “Digital Asset Fund Flows Report” published on May 22 shows an outflow of $32 million, taking the total outflow in the past five w

Etherscan has revealed new data that shows Shiba Inu (SHIB) whales and various wallets have moved almost 40 billion from various cryptocurrency exchanges. Moreover, the Shibarium network has continued to grow, reaching a host of new milestones. Shiba Inu whales were at work today, as Etherscan noted a plethora of transactions that occurred in just an hour. Moreover, the six transfers saw transactions of 6 billion SHIB on the move. The smaller transaction contained 1.5 billion SHIB, with the largest moving 9 billion of the meme coin.  40 Billion SHIB on the Move? Source: The Economic Times According to data from Etherscan, Shiba Inu whales had moved more than 40 billion SHIB in only an hour. Moreover, among the billions of meme coins that were on the move, 13 billion were purchased, and subsequently withdrawn from the Crypto.com exchange.  Additionally, 1.5 billion was acquired on KuCoin, then withdrawn and sent to a cold wallet. Moreover, 6.1 billion Shiba Inu coins we