A creative writer with a flair for storytelling and a deep interest in cryptocurrencies and blockchain technology.
In recent hours, Tether’s stablecoin (USDT) has faced increasing instability, shockingly losing its peg to the US dollar. At the time of writing, USDT is trading at 0.9958. It continues its downward trend from the $1 peg. This development has raised concerns within the cryptocurrency community, with heavy selling pressure
June 15, 2023 2 mins read
The ApeCoin decentralized autonomous organization (DAO) has sparked a debate regarding the six-figure annual salaries received by its Special Council members. ApeCoin is the native currency of the Bored Ape Yacht Club ecosystem and is governed by the ApeCoin DAO, consisting of ApeCoin holders. On June 10, the ApeCoin DAO
June 15, 2023 2 mins read
Binance, the leading cryptocurrency exchange, recently experienced a notable surge in its native token, BNB, putting an end to a prolonged downtrend. BNB witnessed a 5.44% spike today, reaching $248.53 USD, delivering a positive boost to the Binance community. The previous month has been a rollercoaster ride for Binance, with
June 14, 2023 2 mins read
Memecoins dominated the cryptocurrency market in the first quarter of 2023, attracting immediate attention and fostering a positive market sentiment due to their humorous nature. However, the current situation has undergone a notable change. The market’s inherent volatility has made the past month less favorable for memecoins, leading the community
June 14, 2023 2 mins read
The Shiba Inu community is buzzing with excitement as the highly anticipated mainnet launch of Shibarium draws closer. Shibarium, a layer-2 (L2) blockchain network built on Ethereum, is generating high expectations among its community members. Lucie, an official representative of the Shiba Inu ecosystem, recently provided insights into the timing
June 13, 2023 2 mins read
The SUI token has staged a notable recovery in the crypto market, experiencing a dramatic surge in price after a challenging week. Within the last 24 hours, the price soared to $0.709930, marking a significant 19.15% increase. During the 24-hour period, the token exhibited price fluctuations between a low of
June 13, 2023 2 mins read
The cryptocurrency market has been shaken by regulatory battles, with tokens such as XRP, Polygon (MATIC), and Cardano (ADA) finding themselves caught in the midst of the turmoil. Accused of engaging in securities trading on non-compliant exchanges, these coins have endured significant price volatility. However, their remarkable resilience suggests the
June 12, 2023 3 mins read
Last week was quite a rollercoaster ride for the crypto market amidst the SEC’s never-ending turmoil. It had a significant impact on the overall market, and surges in crypto gains became rare. Investors have been on high alert ever since the allegations. The DeFi market is no exception. The current
June 9, 2023 4 mins read
The United States House of Representatives Energy and Commerce convened on June 7 for an insightful discussion on the future of blockchain technology and Web3. Prominent industry leaders, including Polygon Labs president Ryan Wyatt engaged in a constructive engagement focused on democratizing the internet and addressing regulatory hurdles. The hearing
June 8, 2023 1 min read
In a shocking turn of events, SEC Chair Gary Gensler faces accusations of a potential dual role involving his relationship with Binance. Lawyers representing Binance and its founder Changpeng Zhao have alleged that Gensler, currently taking strong actions against the crypto world had offered to serve as an advisor to
June 8, 2023 2 mins read