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Binance, one of the leading cryptocurrency exchanges, has confirmed its support for the upcoming network upgrades of Fetch.ai (FET) and Terra Classic (LUNC). The upgrades are set to enhance the functionality and performance of these blockchain networks, providing users with improved Features and stability. The Fetch.ai (FET) network upgrade is scheduled at the Fetch.ai block height 11,235,813, estimated to be around 2023-05-23 13:00 (UTC). In preparation for the upgrade, Binance will temporarily suspend deposits and withdrawals of FET starting from 2023-05-23 at 12:00 (UTC). However, it’s important to note that trading of FET will continue uninterrupted during this period. Similarly, the Terra Classic (LUNC) network upgrade will occur at the Terra Classic block height of 12,902,400, expected to be around 2023-05-23 22:00 (UTC). Binance will temporarily suspend deposits and withdrawals for LUNC and USTC via the Terra Classic network, starting from 2023-05-23 at 21:30 (...

Inflation and a tight job market may push US Federal Reserve to continue hiking rates. Fed Chair Jerome Powell’s speech last week failed to give a clear direction. Moreover, Dallas Fed President Lorie Logan, Fed Governor Philip Jefferson, New York Fed President John Williams, Federal Reserve Board Governor Michelle Bowman, and others agree with raising interest rates further. advertisement US Fed to Likely Raise Interest Rates Over 6% Federal Reserve Bank of St. Louis President James Bullard on May 22 said the central bank will need to raise interest rate s twice this year before a pivot. The Federal Open Market Committee has raised rates aggressively to a range of 5% to 5.25%. Meanwhile, Minneapolis Fed President Neel Kashkari also believes raising interest rate s over 6% to curb inflation. He said even if Fed skip the rate hike in June, it shouldn’t be considered as a pause or a pivot as inflation has not reached the target. “I think right no...

Join Our Telegram channel to stay up to date on breaking news coverage Alrock, a Filipino YouTuber, provides his honest reviews on how AiDoge works and its potential future benefits in the cryptocurrency space.  Because AI is a powerful concept with numerous applications, other cryptocurrency projects have begun to apply it. AiDoge is one of the most well-known AI meme crypto efforts that appear to be appealing to investors. AI token presale selling fast : Alrock thoughts Since the AiDoge token will debut on major cryptocurrency markets later this year at a price of $0.0000336, investors who move urgently to buy tokens at the current presale price of $0.000032. Aidoge, an excellent meme-making system, recently passed an important milestone by exceeding $10.5 million in its own artificial intelligence token presale. Huge News #AiDogeArmy!🔥👀 We have smashed through another milestone, over $10.7 million raised so far in our #Presale! 🤯 St...

A look at the role played by crypto funds in providing essential capital and liquidity, propelling the growth and expansion of the crypto market. A crypto fund is an investment fund that primarily focuses on investing in cryptocurrencies or digital assets. It allows investors to gain exposure to the crypto market without having to purchase individual coins or tokens themselves. Instead, these funds pool money from multiple investors to purchase various cryptocurrencies, often including Bitcoin (BTC), Ether (ETH) and other popular tokens. Crypto funds can also be categorized based on their investment strategies. For instance, some funds may invest exclusively in Bitcoin, while others may invest in a diverse range of cryptocurrencies or focus on investing in tokens that have promising underlying technology or are backed by established companies. Additionally, some funds invest in crypto-related companies like mining or trading firms. Investors in crypto funds may include high-net-worth...

Join Our Telegram channel to stay up to date on breaking news coverage The recent bullish momentum in the cryptocurrency market has waned, with the market losing 0.74% in the last 24 hours. At press time, major crypto assets like Bitcoin and Ethereum had also lost 1.05% and 0.48% of their gains, respectively. The pioneer blockchain smart contract network struggled for much of 2022 and closed the year with a price of $1,199.11. However, Ethereum seems to be doing better in 2023, starting the year with a price of $1,568.65 and currently at $1,810.43. Could the digital asset recover as soon as the broader crypto market rallies and hits the $2,000 price level? ETH Holds on as It Seeks to Rebound Towards Target Price At press time, the Ethereum network token (ETH) is trading at $1,810.30, following a 0.48% downtrend in the last 24 hours, a 4.9% drop in the last two weeks, and a 12.8% decrease in the last month. Prior to this, the second-largest cryptocurrency saw a 2.9% increas...

Join Our Telegram channel to stay up to date on breaking news coverage Grayscale Investments and Bitwise Asset Management, two prominent crypto asset managers, have suspended their plans to launch an Ether (ETH) futures exchange-traded fund (ETF) in response to increased regulatory scrutiny in the United States. On May 17, Grayscale submitted an amendment to the Securities and Exchange Commission (SEC), removing any references to an Ether futures ETF from their filing. This decision follows their recent announcement of a trio of ETF products, which included the Ether futures ETF, a semi-spot Bitcoin (BTC) ETF, and a privacy-focused ETF targeting blockchain companies and digital assets.  Grayscale just filed for a semi-spot bitcoin ETF, as well as Ethereum Futures ETF and a Privacy ETF. Interesting.. pic.twitter.com/MPruDolp7G — Eric Balchunas (@EricBalchunas) May 9, 2023 The decision to halt the Ether futures ETF directly responds to the regulatory challenges and...

The new platform is designed to enable governments, central banks, and financial institutions to issue their own digital currencies.   Ripple Labs, a Silicon Valley-based fintech company, has launched a central bank digital currency (CBDC) platform.  According to a  press release  today, the proprietary platform for CBDC will allow governments, central banks, and financial institutions to issue their own digital currencies.  Ripple ’s CBDC Platform is an enhanced version of the company’s Private Ledger, which  went live in 2021. Per the announcement, the Ripple CBDC Platform is powered by the XRP Ledger ( XRP L).  With the new platform, government institutions can effectively manage the entire life cycle of fiat-based CBDCs, including minting, distribution, redemption, etc.  The platform will allow financial institutions to participate in inter-institutional settlements using digital currency. Furthermore, central banks can leverage the solution to develop retail and...

1 million Bitcoin wallets now have a balance of 1 BTC or more, but the real magic is yet to come, says Adam Back. Bitcoin (BTC) has crossed a significant threshold this month — and while it does not involve price, it does involve “ million s.” Data from on-chain analytics firm Glassnode confirms that as of May 18, there are over one million addresses which hold at least 1 BTC. Back: Adoption trend lays path to "hyperbitcoinization" It was a long time coming and received much attention on social media, and the time is finally here — there are one million entities which own a whole bitcoin . These “wholecoiners” have been steadily accruing since mid-2021, Glassnode shows, and the upward trend in 1 BTC wallets has seen almost no reversal since. In 2022, however, the trend accelerated, having started the year with 814,000 wholesalers and finishing it with 978,000 — an increase of 20%. Reacting, Adam Back, CEO and co-founder of Bitcoin firm Blockstream, made the case for “hype...

Entering the world of cryptocurrency can be an exciting and potentially lucrative venture. With the right investment strategy, newcomers to the crypto space have the opportunity to earn significant profits. In this article, we will explore three promising tokens that have the potential to provide investors with substantial returns in 2023. Shiba Inu (SHIB), RenQ Finance (RENQ), and Pepe (PEPE) are among the emerging tokens that have captured the attention of crypto enthusiasts. However, RenQ Finance (RENQ), a decentralized finance (DeFi) platform, is generating excitement in the crypto community as it prepares for its highly anticipated launch on May 22, 2023. With plans to debut on Uniswap, one of the leading decentralized exchanges (DEX), as well as two centralized exchanges (CEX), RenQ Finance is poised to offer investors the potential for substantial profits. Let’s delve into each token’s features, performance, and future prospects. Shiba Inu (SHIB) Shib...

Join Our Telegram channel to stay up to date on breaking news coverage XRP trades at $0.44, up 5.55% on the day, as the price of the token reacts positively to the latest Ripple win a gains t the SEC in the ongoing lawsuit. In the latest development, Judge Analisa Torres has denied the regulator’s motion to seal the controversial Hinman speech documents. Ripple’s New Victory Against The SEC Ripple has recorded a new victory in the XRP case a gains t the US Securities and Exchange Commission (SEC) after the judge in charge of the case, Analisa Torres, denied the agency’s motion to seal the documents regarding the William Hinman speech.  Judge Torres made it very clear in the Daubert motion decision that the issue she must decide is whether Ripple sold XRP as a security despite the SEC taking broader positions at times in this litigation that seemed to suggest any sale of XRP was an investment contract or /1 https://t.co/HL1mclv8Xg pic.twitter.com/BrcHGAQ...