While non-fungible token (NFT) sales witnessed a substantial increase in May, demonstrating significant progress, recent data indicates that NFT sales have soared by 39.35% within just the last week alone. Furthermore, sales figures for the trailing week demonstrate that the Bitcoin blockchain maintains its rank as second in weekly sales volume. Ethereum Dominates NFT Market with 60% Share, Bitcoin NFT Sales Capture 17% of Weekly Sales Volume The NFT sales for this week saw a 39.35% growth from last week, amounting to $202.22 million in global sales. The quantity of…
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Nigerian Central Bank Blasts Naira Devaluation Report — Publication Stands by Its Story
The Central Bank of Nigeria (CBN) said on June 1 that the report claiming it had devalued the local currency to N631 per dollar “is replete with outright falsehoods and destabilising innuendos.” The Nigerian publication Daily Trust has said it stands by its story and called on the central bank to provide facts to disprove its report. Central Bank Says Report Contains ‘Destabilising Innuendos’ The Nigeria central bank has rejected reports it had devalued the local currency to 630 per dollar and branded the report in the Daily Trust “fake…
Read MoreBitcoin ‘big move’ due in July after March $30K push — latest analysis
Bitcoin has been busy “perfectly” mimicking its moves from after the March 2020 crash, QCP Capital argues. Source – cointelegraph.com
Read MoreXRP Price Prediction: Bulls Aim Big After Recent Surge Above $0.5
Ripple’s token price is climbing above the $0.50 resistance against the US Dollar. XRP price is signaling more upsides toward $0.55 or $0.565. Ripple’s token price started a decent increase above the $0.500 resistance against the US dollar. The price is now trading above $0.505 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.5050 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might continue to rise toward the $0.545 and $0.550 resistance levels.…
Read MoreOVER Announces Plans Of Integrating Apple’s Latest Products
PRESS RELEASE. Two new products which could change the way society interacts with the digital world may be released soon. Apple Reality Pro and Apple Glasses are the products in question, and they could be announced by Apple as early as June. If the release does happen, Over the Reality (OVER) has plans of integrating this technology to help further its position as a pioneer in the field of AR. OVER empowers users to immerse themselves in a new digital era by fully utilizing Apple’s AR capabilities, bridging the gap…
Read MoreCrypto Exchange Binance to Remove Privacy Coins From 4 European Markets
Multiple reports have revealed that Binance, the crypto exchange with the highest trade volume, has announced the removal of 12 privacy-focused cryptocurrencies from its markets in Spain, France, Poland, and Italy. Commencing on June 26, 2023, users residing in these four countries will no longer have the option to purchase or trade these privacy coins on Binance’s trading platform. Binance to Delist 12 Privacy Coins in Spain, France, Poland and Italy Binance has recently informed its customers in France, Spain, Italy, and Poland via email that it intends to remove…
Read MoreWeb3 developer Magic raises $52M in funding led by PayPal Ventures
The company has raised $80 million for wallet development since its inception in 2020. Source – cointelegraph.com
Read MoreBinance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt
Customers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday. The discount is apparently due to a popular Australian payment service preparing to cut off the crypto exchange from withdrawals in local currency. Bitcoin Trading at Lower Rates on Binance Australia Australians traded bitcoin (BTC) and other cryptocurrencies at discount on Binance Australia compared to other exchanges operating in the country on Tuesday. The price difference has been attributed to a popular domestic payment provider’s decision to quit processing withdrawals…
Read MoreGemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations
Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. Gemini and Genesis Refute SEC’s Claims of Unregistered Securities, File Motion to Dismiss In January 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Gemini and Genesis for allegedly offering unregistered securities to American customers. The SEC complaint alleges that “through this unregistered offering,…
Read MoreBitcoin erodes 4% gains as BTC price downside targets stretch to $23K
A spike above $28,000 begins to fade as the new week begins, while a U.S. holiday means no external BTC price triggers from equities. Source – cointelegraph.com
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