Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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ORACLE MEME Launches Revolutionary Meme Coin Platform with Real-World Utility Stirring Up Enthusiasts’ Craze
ORACLE MEME is a pioneering blockchain technology that blends memes’ viral nature with practical, scalable solutions for the meme community. It is the first platform of its kind to provide comprehensive tools for meme creation, sharing, and monetization with layer 2 technology. ORACLE MEME is committed to transparency, community engagement, and continuous innovation. Unlike other meme coins that lose their popularity too quickly in the blockchain world, ORACLE MEME has taken a bold initiative by combining the appeal of meme…
1 year ago
Institutional Trading Platform ETFSwap (ETFS) Soars As Global Banks Are Urged To Accept Crypto
The post Institutional Trading Platform ETFSwap (ETFS) Soars As Global Banks Are Urged To Accept Crypto appeared first on Coinpedia Fintech News Cryptocurrencies have come a long way since their introduction into the financial landscape, as they have now gained legal recognition in many regions, with major institutional trading platforms such as ETFSwap (ETFS) seeing rapid adoption as a result. With crypto adoption growing, global banks are being encouraged to accept crypto, as the industry can no longer be ignored.…
1 year ago
Decentralized Compute Platform Io.net Expands Infrastructure with Aethir GPUs to Advance AI Computing
May 13, 2024 ––io.net, a leading provider of decentralized computing technology, has announced a significant expansion of its GPU infrastructure in partnership with Aethir, a leading enterprise-grade AI-focused GPU-as-a-service provider, marking a pivotal moment in its ongoing efforts to enhance blockchain and AI compute capabilities. In the first phase of the rollout, io.net has integrated over 300 NVIDIA H100 GPUs from Aethir onto its fast-growing network. In partnership, Aethir and IO will be deploying a total of 1,000 H100 GPUs …
1 year ago
Staking Infrastructure Provider StaFi Integrates EigenLayer Liquid Restaking Tokens (LRT) Into Its Platform
StaFi announces the support for EigenLayer liquid restaking token (LRT). This aims to enhance security and efficiency across the ecosystem. EigenLayer LRT is already supported on StaFi’s LSaaS stack. StaFi, a staking infrastructure provider that aims to amplify staking capital efficiency, announces its support for the EigenLayer liquid restaking token (LRT). The integration of EigenLayer LRT aims to extend security across decentralized applications, allowing users to rehypothecate their staked tokens. The integration is the latest development in the ever-evolving staking…
1 year ago
BlockFi Intends To Shutdown Web Platform In May; Partners With Coinbase Over Fund Distribution
The post BlockFi Intends To Shutdown Web Platform In May; Partners With Coinbase Over Fund Distribution appeared first on Coinpedia Fintech News BlockFi intends to shut down its web platform in May and has partnered with Coinbase to distribute client funds. The partnership will allow eligible BlockFi Interest Accounts, Retail Loans, and Private Clients to withdraw their crypto holdings. It has also provided an opportunity for verification via the BlockFi platform for the ones who missed the withdrawal and May…
1 year ago
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PlatformArch Raises $7M Led By Multicoin Capital To Build The First Bitcoin-Native Application Platform
[PRESS RELEASE – New York, New York, May 9th, 2024] Arch Raises $7M Led By Multicoin Capital To Build The First Bitcoin-Native Application Platform ArchVM Enables Bridgeless Applications On Bitcoin, The World’s Largest And Most Secure Blockchain HONG KONG, MAY 8, 2024 — Arch Labs, the inventors of Arch, a Bitcoin-native application platform that unlocks bridgeless decentralized finance (DeFi) on the world’s largest blockchain, today announced a $7M series seed round led by Multicoin Capital with participation from Portal Ventures,…
1 year ago
Banxa Adds Tokenized Real Estate Platform Blocksquare’s BST Token to Fiat Checkout
[PRESS RELEASE – Ljubljana, Slovenia, May 9th, 2024] Blocksquare, a tokenization infrastructure provider for real estate, is delighted to announce that its native token BST has been added to the fiat checkout system of global crypto on- and off-ramp Banxa. The integration will enhance the accessibility of BST, enabling users from around the world to purchase it using a wide array of local and international payment options, including Visa, Mastercard, Apple Pay, and Google Wallet. Renowned for its robust payment…
1 year ago
Goodbye LocalMonero: P2P Trading Platform Bows Out After Seven Years
Monero trading platform LocalMonero is hanging up its hat, citing internal and external factors amid a broader regulatory crackdown on privacy-focused cryptocurrencies. LocalMonero Shuts Down Operations LocalMonero, a significant peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has announced the closure of its operations. The platform, in operation for nearly seven years, communicated this decision through an announcement on its website, dated May 7. The announcement urged its users to reclaim any funds from their wallets before May 7 to…
1 year ago
TradeSta Unveils Non-Custodial Web3 Trading Platform
[PRESS RELEASE – Ajeltake, Marshall Islands, May 7th, 2024] TradeSta, a newly announced non-custodial Web3 trading platform, is set to redefine digital asset trading. Developed by industry veterans Kieron Cartledge and Hasan Zahr, TradeSta promises a secure, user-driven experience that prioritizes privacy and full control over personal assets. With over 10,000 people already signed up, the platform’s waitlist is now live, and its STA Token private sale in full swing, it is set to launch their public sale this quarter.…
1 year ago