The month of May has come to an end. Yet, there was a lot of vital news concerning the progress of projects in the company in the recent week. Here, let’s review this week’s top crypto news with Coinc...
News
Long-Term Bitcoin Holders’ Transactions Show 2,000% Increase
Arman Shirinyan Transactions on Bitcoin are on rise among long-term investors Recent data reveals a sharp increase in transaction volumes sent by profitable long-term Bitcoin holders this year, markin...
Investors will still flock to US Treasurys in a default
Cate Gillon/Getty Images Atlantic Council senior director Josh Lipsky said investors would still turn to US Treasurys immediately after a default. But long term, a default hurts the credibility of the...
I Need Cash Now. Can I Transfer My IRA into a Savings Account?
SmartAsset: Can I transfer my IRA to a savings account? You can transfer your individual retirement account (IRA) to a savings account, but you may have to pay a penalty and income tax. Here’s what yo...
The Nasdaq Has Been Crushing The Dow. Can It Last?
Blowout earnings and guidance from Nvidia sent the stock up 24% Thursday. Above, Nvidia CEO Jensen Huang with a GeForce RTX 4090 GPU. Courtesy of Nvidia Text size What happens when an unstoppable obje...
YouTuber plasters massive ‘BUTT LIGHT’ billboard trolling Bud Light
The controversy surrounding Anheuser-Busch InBev, the owner of Bud Light (NYSE: BUD), continues to intensify as the brand faces criticism over a social media promotion involving influencer Dylan Mulva...
Big Techs Become Even Bigger Winners. Shades of the Dot-Com Boom?
Text size One factor lifting equities, ironically, has been the debt-ceiling impasse. Photo illustration by Barron’s Staff; Getty Images (2); Dreamstime (2) Apologies in advance, but the now-cli...
The Olive Oil Crisis Spreads as Prices Soar. What’s to Blame.
Illustration by Elias Stein Text size Crude has fallen some 10% this year, but another, less crude variety of oil is rocketing higher. Prices of extra virgin olive oil are at a record high, according ...
Uniswap spikes despite StarkNet; Avalanche in pursuit?
With over 900,000 users, Uniswap registered its highest monthly increase since the year began. Avalanche and StarkNet followed suit, but Uniswap’s liquidity decreased. May has proven to be a remarkabl...
3 Trailblazers In The Crypto Market
In the ever-evolving world of cryptocurrencies, new projects constantly emerge, each with its unique features and value propositions. Two recent additions to the decentralized exchange landscape, XRP,...
Arbitrum liquidity protocol Jimbos suffers $7.5 million ETH hack – Cryptopolitan
In a shocking development, Jimbos, an Arbitrum liquidity protocol, was recently breached by an unidentified hacker. The cybercriminal made off with 4090 Ethereum (ETH), which equates to roughly $7.5 m...
Bitcoin LTH Drive Surge In Profitable Transfer Volume: Glassnode
Glassnode tweeted Bitcoin transfer volume sent by long-term holders in profit has surged by almost 2000% YTD. Current profitable transfer volume for BTC is $1.24B, 71.4% lower than the peak during the...
NEO Token Surges 10% In The Past 24 Hours
NEO emerged as the largest gainer among the top 100 cryptocurrencies by market cap in the past 24 hours. At the time of writing, NEO has been trading at $10.75 while managing $106.2 million in volume,...
Hong Kong Police Utilize Metaverse for Fighting Crypto Crime
The Hong Kong police launched a new Web3 platform known as “CyberDefender Metaverse” on Saturday. To celebrate the launch, the force hosted its first event “Exploring the Metaverse” in the virtual spa...
Multichain’s Deafening Silence And More
The radio silence from the Multichain team following days of outages has left users searching for answers, with the protocol currently holding $1.5 billion in total value locked. Let’s find out more. ...
Quant Initiates Further Decline As It Meets With Rejection At $104
May 28, 2023 at 07:10 // Price The price of Quant (QNT) is bearish, but is in an upward correction. Quant long term price forecast: bearish Upside is limited below the moving average lines. QNT will ...
Genco Stock Is a Good Bet as Rising Shipping Rates Help Boost Dividend
Genco says that it now has the lowest cash-flow break-even rate among U.S.-listed dry-bulk shippers. L.M. Johannes Text size China is struggling with Covid-19—again—and that’s bad news for shipping st...
Binance CEO Celebrates Peter Schiff’s Conversion to Crypto
Alex Dovbnya Notorious crypto skeptic Peter Schiff has surprised crypto world by announcing his venture into non-fungible tokens (NFTs) and digital assets, earning cheeky nod from Binance CEO Changpen...
Injective Price Prediction – INJ Price Estimated to Drop to $5.88 By Jun 02, 2023
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Avorak AI: A leading force in the crypto space
What is AI Crypto? Artificial Intelligence and Cryptocurrency Artificial Intelligence (AI) and cryptocurrency are two rapidly evolving technological fields that have grown exponentially with the emerg...
BTC’s Network Activity Has Started Recovering From Its May Lows
Santiment recently tweeted that the number of active addresses for BTC has climbed back to 960K. BTC was able to flip the key resistance level at $26,960 into support over the past 24 hours. Technical...
US debt ceiling raised after White House and Republicans reach tentative deal
After weeks of negotiating a deal to raise the debt limit to avert default, Democrats and Republicans announced a tentative deal has been reached. The plan is to put it to vote on Wednesday, but the o...
‘Elon Musk of Essex’ chased by suppliers as it lays off staff
Asher Bennet of truck company Tevva stands in front of one of his vehicles – Jeff Gilbert An electric lorry company run by the “Elon Musk of Essex” has been forced to fight off legal action over...
Sui (SUI) Continues Downward Trend As Bears Maintain Control
The crypto market once again experienced a sell-off this week, leading to a plunge in the price of many crypto assets. The impact of this market downturn is not limited to Bitcoin alone, as it has aff...
What Is Crypto Market Manipulation, And Its Dangerous For Investors?
Key Points: In crypto market manipulation, unscrupulous actors create illusions in order to inflate or deflate market values in order to benefit. Crypto market manipulation has numerous distinct featu...
Tornado Cash governance control set to be restored as token votes approve proposal
The governance token holders of Tornado Cash will soon regain control over the protocol’s operations, thanks to an unexpected proposal put forth by the individual responsible for the attack. Thi...
Massive 4,090 ETH Hack Appears, and Reason Is Surprising
Arman Shirinyan Various DeFi protocol users should be cautious as hackers are active again The cryptocurrency protocol “Jimbo’s Protocol” has reported a loss of 4,090 ETH, equivalent...
Beijing’s Web3 Adoption Parallels Hong Kong’s Web3 Innovation
Jusin Sun commented that Beijibg’s adoption of Web3 is demonstrative of the city’s recognition of the potential of the technology. Recently Beijing released a white paper declaring the city’s intentio...
Marvell follows Nvidia’s rally, surging 29% after chip maker cites AI as ‘key growth driver’
Marvell Technology surged 29% on Friday.Yuichiro Chino Shares of Marvell Technology shot up 29% on Friday, nearing its largest ever single-day increase. The chipmaker credited AI for its upbeat second...
Pay Attention to Silicon Carbide Chips, Says Hedge Fund Manager
The production of lithium is scaling up rapidly, alongside the establishment of lithium refineries like the one built by Tesla (TSLA), which CEO Elon Musk has referred to as a “license to print money....
Gas Price Plunge Brings Relief to Europe After Energy Panic
(Bloomberg) — European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in infl...
Traders Think These 3 Meme Coins Could Pump Next Week
While most cryptos are in a short-term downtrend, traders are backing three promising new coins to explode next week. Bitcoin has retraced to $26,000 and most of the rest of the market followed its p...