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This Week in Web3: Wells Notices, Crypto Payments and Usability – PYMNTS.com
Crypto goes up, and crypto goes down. Then, often, crypto goes back up. It can be a dizzying and volatile cycle
Stand With Crypto Forms Political Action Committee – PYMNTS.com
The nonprofit groupStand With Cryptoreportedly formed a political action committee (PAC) to support candidateswho arefriendly to cryptocurrency and blockchain. The new PAC aims to raise money from Stand With Cryptos 440,000 members, ReutersreportedFriday (May 10). The goal is to endorse candidates and support candidates that are protecting the rights of our advocates of Stand With Crypto throughout November,Nick Carr, chief strategist at Stand With Crypto, said in the report.
FTX’s New Plan Could Give 98% of Crypto Customers Back More Than They Lost – Investopedia
Key Takeaways Bankrupt cryptocurrency exchange FTX announced a new restructuring plan that, if approved, could finally give most of its customers access to money they lostplus interest. The new plan provides for 98% of all customers, including those holding claims of $50,000 or less, to receive up to 118% of their allowed claims within 60 days.
Behind Nigeria’s Arrest of Binance Employee, Claims of a Bribe Request – The New York Times
On a trip to Nigeria in January, Tigran Gambaryan, a compliance officer for the giant cryptocurrency exchange Binance, received an unsettling message: The company had 48 hours to make a payment of roughly $150 million in crypto. Mr.
Franklin Templeton foresees Solana as third-largest cryptocurrency – crypto.news
Asset management firm Franklin Templeton sees growing potential in Solana to cement itself as the third-largest cryptocurrency in the market. The asset manager with over $1.5 trillion in assets under management (AUM) took to X on May 2 to praise Solana,currentlythe fifth largest cryptocurrency by market cap. Solanas growth is likely to continue because it is well-positioned to capture the next wave of crypto adoption, solidifying itself as the third major crypto asset after Bitcoin (BTC) and Ethereum (ETH), the firm said.
Delving into BlockDAG’s Prominence and Cryptocurrency Market Trends in 2024 – NullTX
BlockDAG Maintains Lead in Crypto Sphere: Celebrates Listing Success at Piccadilly; Insights into SOL and AVAX Price Forecasts In the dynamic arena of cryptocurrency networks, each participant seeks to surpass others through advanced technology and a stronger market presence. While Solana has previously excelled in speed and cost-effectiveness, it now faces formidable challenges from emerging competitors like SUI and Avalanche, each carving out their niche with innovative technologies and strategic market manoeuvres. Yet, BlockDAG (BDAG) has recently captured the limelight with its prominent exhibition at Piccadilly Circus, attracting substantial attention and investment.
Is the altcoin market set for an ‘explosive rally?’ Analysts eye these 3 indicators – Cointelegraph
The altcoin market is currently at the disbelief stage, which, if history repeats, could soon move on to an explosive rally, according to crypto traders closely watching three tech indicators for confirmation. Altcoins market cap is currently at the disbelief stage, historically followed by an explosive rally, crypto analyst Mikybull Crypto told their 66,600 X followers in a May 11 post.
Altcoins will bottom in early summer before bull run Analyst – Cointelegraph
Bitcoinaside, the cryptocurrency market could find its local bottom in June, marking the start of the next altcoin bull cycle, according to market analysts. Based on historical chart patterns, altcoins could be set to find their local price bottom around the beginning of June, according to popular crypto analyst Rekt Capital, who wrote in a May 8 X post: The altcoin market took a beating in the past month. The market cap of altcoins, excluding the 10 largest cryptocurrencies, fell over 21% during the previous month to $265 billion.
Is the altcoin market set for an ‘explosive rally?’ Analysts eye these 3 indicators – TradingView
The altcoin market is currently at the disbelief stage, which, if history repeats, could soon move on to an explosive rally, according to crypto traders closely watching three tech indicators for confirmation. Altcoins market cap is currently at the disbelief stage, historically followed by an explosive rally, crypto analyst Mikybull Crypto told their 66,600 X followers in a May 11 post
Altcoin Unlock Bloodbath Looming? Avalanche, dYdX, and Arbitrum Among Protocols Unlocking Over $2 Billion In Q2 … – 99Bitcoins
Top altcoin tokens like Avalanche (AVAX), dYdX, Arbitrum (ARB) might extend losses in Q2 2024 as they head for a major $2Bn altcoin unlock heres how it could worsen the altcoin dip. If you bought Bitcoin or Ethereum above $73,000 and $4,000, respectively, and are still holding, you must have diamond hands, as crypto fans say. Crypto prices have been falling in recent weeks