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From the failure of the “Let’s Go Brandon” token to controversies around Will Smith Inu, meme coins are beginning to generate suspicious rep, despite their popularity. Spanning almost a decade of existence themselves, meme tokens have managed to carve out their own flourishing niche in the crypto industry. They are also most likely going to stay. Considering their cheap prices and popularity, some argue that meme tokens are a good entry point into crypto for newbies. But are they really?…

Nessa Risley has issued a class action lawsuit against Uniswap and its associates for illegally promoting and selling unregistered assets. Furthermore, the Uniswap user claims the decentralized exchange has no KYC process, hence resulting in massive fraud. Before the Suit Between May and July 2021, the plaintiff supposedly purchased several microcap altcoins worth around $10,000 on the DEX. Risley stated that traded on Uniswap for the first time in May, which resulted in significant losses. Other defendants in the complaint…

Binance is creating employment for El Salvadorian youths to remedy the rate of gang-related activity in the country.   According to the exchange’s CEO Chapeng Zhao, employment opportunities targeted at young Salvadoreans could keep them off the streets. In the past weeks, the country has had its share of gang incidents. A situation that was dire enough to keep pro-crypto President Nayib Bukele off the recent Bitcoin conference. Early this morning, Zhao revealed that Binance already recruited 7 new Salvadorean employees.…

US President Joe Biden has declared his plan to appoint Michael Barr as the new vice-chairman for Federal Reserve Supervision. According to the statement, Biden said that Michael possesses the essential experience required for the crucial position. Michael Barr is well-known for being part of the board of advisors for Ripple Labs, a distributed payment technology company. The nomination follows Sarah Raskin's withdrawal from the same position due to severe opposition in the Senate last month. Of late, the central…

Since peaking at nearly $48,000 in March, the price of the world’s largest digital currency Bitcoin has rested somewhere around $40,000. Recent massive outflows from exchanges could change this soon, according to analysts. $1.04B Worth of BTC Exits Centralized Exchanges The massive exodus of BTC has birthed speculations about when the bearish trend will end or if bullish price action could be in sight. Bitcoin is currently trading at $40,182,  however, its behavior from the past day seemingly reflects the…

Ledger has released a new USB-C stick called Nano S Plus that can store thousands of digital assets. While many are familiar with the company’s solutions to store cryptocurrencies, this is the first one working with NFTs.  With a starting price of $79, the Nano S Plus wishes to be an excellent value for the money. The Ledger Nano S Plus costs almost half its predecessor (Ledger Nano X), with no battery or Bluetooth connection. A Few Words About Ledger…

On the Cardano ($ADA) network, Snoop Dogg aims to distribute unreleased songs as non-fungible tokens (NFTs). Clay Nation, a Cardano-based NFT project, collaborates with the rapper to make the change. What should we make of this new partnership? Most importantly, how can the deal affect the music and blockchain world? A New Way to Enjoy Snoop Dogg’s Music Snoop Dogg has long been a pioneer in hip-hop music and has contributed significantly to its development. Non-fungible tokens, the creation of…

While some major corporations like PayPal, Mastercard, and Tesla, have embraced cryptocurrencies, Amazon has decided to be cautious. Following the release of his first annual shareholder letter, Amazon's CEO Andy Jassy indicated his unwillingness to accept cryptocurrency payments. On the other hand, the CEO of the tech behemoth expressed optimism about the future of the crypto industry. In the interview, Andy Jassy also revealed that he does not possess any Bitcoin or non-fungible tokens (NFTs). This is despite the CEO’s…

The recently launched Ethereum Push Notification Service has raised more than $10 million in Series A funding, taking the company’s valuation to $131 million. The blockchain’s novel service could bring a new dawn to web3 messaging, as investor interest piques. What is the EPNS? Ethereum Push Notification Service is a blockchain-based messaging service built to delve right into web3’s potential. Launched in January, the decentralized protocol for notifications works across most devices, from browsers to Android and iOS. According to…