Cryptocurrency

“Teleport your money to safety,” Saylor wrote in a tweet while tagging Bitcoin. This metaphorical advice comes at a critical time when the market is experiencing significant volatility, and investors are seeking a haven for their digital assets.Michael Saylor’s statement might not be about literal teleportation but rather a strategic move to safeguard investments. By using the term “teleport,” Saylor emphasizes the speed and decisiveness required in taking action. His message might reflect the swift action needed to prevent potential losses during market downturns.At the time of writing, BTC has fallen 1.34% in the previous 24 hours to $61,931, matching the decrease in the cryptocurrency market ahead of key data releases.The cryptocurrency market dipped on Tuesday as investors anticipated fresh inflation data and Federal Reserve policymakers’ statements, hoping for signals about the future path of monetary policy.The April producer price index, which monitors wholesale inflation, is due out on Tuesday. Dow Jones surveyed economists, who estimate that the PPI would climb 0.3% from last month.MicroStrategy has been a staunch supporter of Bitcoin, with Saylor leading the charge in advocating for the cryptocurrency as a reliable store of value. The company’s strategy to hold Bitcoin through volatile times has been a testament to its belief in the long-term potential of digital currencies. That said, Saylor’s message might extend beyond mere preservation of capital. His statement might remind readers that taking prompt and well-informed action is crucial in the face of uncertainty.This article was originally published on U.Today More

Vyvo Smart Chain, a HealthFi ecosystem that rewards health tracking through data monetization, today announced that Vyvo has received U.S. Food and Drug Administration (FDA) clearance for LifeWatch, the company’s innovative wearable device for health & wellness tracking. This achievement marks a significant leap forward in the convergence of blockchain technology and health monitoring.Vyvo’s LifeWatch pioneers a new era in health and wellness. LifeWatch promotes a user-centric health monitoring model and leverages Decentralized Physical Infrastructure network (DePIN) technology to allow users to monetize their health data. This ensures privacy, anonymity, and full ownership and control over personal health data, empowering users to securely manage and monetize their information.Vyvo not only empowers users with advanced wellness monitoring tools but also fosters a secure and transparent ecosystem for health data, powered by blockchain technology. By continually pushing the boundaries of digital health management, Vyvo opens up new avenues for individuals to take charge of their well-being.Vyvo’s wearable devices are available at helohealth.com. To learn more about VSC and earning rewards through health tracking, users can visit vyvo.com.About Vyvo Smart ChainVyvo Smart Chain is a HealthFi ecosystem that rewards health tracking through data monetization on IoT devices. Vyvo makes it easy for people to understand and track their body stats, secure health data privacy and earn rewards for doing so while contributing to research into new drugs, developing treatments, and preventing the spread of diseases.ContactMike Evansmike@multipliedhq.comThis article was originally published on Chainwire More

This trend of redemptions is not unique to Hong Kong; Bitcoin ETFs in Western markets are also experiencing similar patterns. While the initial reaction to net redemptions might seem bearish, these outflows can actually be bullish indicators as they often lag behind market sentiment. The current lack of inflows suggests that retail investors are regaining control, which can lead to a price recovery for Bitcoin.Analyzing the Bitcoin price chart supports this optimistic outlook. The chart shows Bitcoin consolidating around a crucial support level. The 50-day moving average is positioned above the 200-day moving average, indicating a potential bullish trend. Additionally, the RSI is around 50, suggesting that Bitcoin is neither overbought nor oversold, providing room for upward movement.Volume analysis reveals increased buying activity during recent dips, indicating strong support from buyers at lower price levels. This accumulation phase often precedes a price rally, as investors take advantage of lower prices to build their positions.The market’s stabilization and the lack of significant inflows into ETFs imply that retail investors might be gearing up for a price recovery. Historically, when retail investors regain control, it often leads to a more sustained and organic price increase.This article was originally published on U.Today More

Mow quoted the response issued by Tether/Bitfinex CTO Paolo Ardoino to Garlinghouse to criticize Ripple not only for “spreading FUD” about Tether but also doing the same with Bitcoin previously.Garlinghouse shared his view on their relationship, saying that the U.S. government (and the SEC being its direct representative) is going after Tether and its popular stablecoin USDT, which runs on multiple blockchains and has several versions backed by different fiat currencies and gold.The Ripple CEO also said that he views this company as a very important part of the ecosystem.Paolo Ardoino then responded to this statement by the Ripple boss. The Tether CTO called him an “uninformed CEO.” Ardoino also pointed out that Ripple recently announced its plans to launch its own stablecoin, thus aiming to directly compete with Tether.Paolo Ardoino then chose to give the Crypto X community an update on Tether (USDT) ecosystem safety, reminding them that “USDt is the most used stablecoin in the world, with hundreds of millions of users across primarily emerging markets and developing countries.”Garlinghouse responded to that to refute Ardoino’s allegations and deny that he attacked the largest stablecoin issuer on the market.Mow also reminded the community that in 2022, Ripple (its cofounder Chris Larsen in particular) provided $5 million to Greenpeace to start a campaign against Bitcoin. The goal was to make BTC move away from the energy-consuming proof-of-work algorithm.This article was originally published on U.Today More

A recovery in capital flows into crypto investment products translated into little price action, even as investment products saw their first inflows in five weeks.Bitcoin slipped 1.3% over the past 24 hours to $61,856.1 by 07:35 ET (11:35 GMT).The world’s biggest cryptocurrency took limited support from data showing that crypto investment products- specifically spot Bitcoin exchange-traded funds- saw their first weekly capital inflows in five weeks.Data from digital assets manager CoinShares showed crypto products saw inflows totalling $130 million in the week to May 12, with a bulk of these directed towards the U.S..The launch of spot Bitcoin ETFs in Hong Kong also sparked some inflows.But despite the improvement in capital flows, overall trading volumes in crypto investment products remained largely dismal, staying well below highs seen in March when Bitcoin hit a lifetime peak.The world’s largest cryptocurrency settled into a slim trading range between $60,000 and $70,000 over the past two months, as a mix of interest rate fears, regulatory uncertainty and waning ETF hype spurred little actual price action. The token’s hotly anticipated halving event also landed with a thud.Broader crypto markets also tracked Bitcoin higher on Tuesday. World no.2 token Ethereum slid 1.9% to $2,906.85, while Solana added 0.4% and XRP remained flat.Memecoins saw some better gains, tracking an overnight rally in meme stocks such as GameStop Corp (NYSE:NYSE:GME) and AMC Entertainment Holdings Inc (NYSE:NYSE:AMC) on Wall Street. Dogecoin rose more than 5%, while newer memecoin PEPE added over 20%.Still, overall crypto prices remained largely subdued in anticipation of key U.S. inflation data this week.Producer price index inflation data is due later on Tuesday, while the more closely-watched consumer price index inflation data is due on Wednesday. Both readings are widely expected to factor into the outlook for U.S. rates, and come amid persistent concerns that rates will remain high for longer.The prospect of high U.S. rates bodes poorly for crypto markets, given that they usually thrive in low-rate, high-liquidity markets. An upcoming U.K. election is unlikely to derail progress in crypto regulation, industry stakeholders said in an interview with CoinDesk.Although an election date hasn’t been announced, it is expected to happen later this year.The ruling Conservative party, in power since 2010, has introduced several crypto measures, aiming to make the U.K. a crypto hub since 2022. They have introduced a market bill enabling the Financial Conduct Authority (FCA) to regulate crypto as a financial activity.The Conservatives have also promised legislation for stablecoins and staking before the next election, a goal many believe is achievable.Adam Jackson, director of policy at Innovate Finance, said that the country needs secondary legislation to formally task the FCA with regulating crypto, including stablecoins.”That’s what the government said they would do,” Jackson told CoinDesk. “We haven’t heard otherwise as to why that’s not feasible. So all things being equal they should have those powers by the time of the national election.” More

Liminal Custody, a leading provider of digital asset custody and wallet infrastructure solutions, announced a landmark achievement today, the acquisition of Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA). This prestigious license is a significant milestone in Liminal’s journey, solidifying its commitment to regulatory compliance and innovation within the burgeoning digital asset space.Obtaining the FSP positions Liminal as a trusted partner for institutions seeking secure and compliant solutions for safeguarding their valuable digital assets. Notably, the license grants Liminal the ability to operate as a regulated custodian within the Middle East, a rapidly growing financial hub. This expansion broadens Liminal’s reach and allows it to serve a wider range of clientele seeking best-in-class digital asset custody solutions.Building Trust Through Regulatory ComplianceMahin Gupta, Founder of Liminal Custody, expressed his satisfaction with the achievement, stating, “We are honored to receive the ADGM FSP license. This accomplishment represents the culmination of significant effort on behalf of our entire team, all dedicated to upholding the highest regulatory standards. Building trust within the digital asset industry, which is undergoing rapid evolution, is a core tenet of our mission. The ADGM FSP license serves as a powerful validation of our commitment to compliance. We are confident that this achievement will further empower us to deliver best-in-class custody solutions to our clients, ensuring the continued security and integrity of their digital asset holdings.”The Symbiosis of Compliance and InnovationThe digital asset industry is experiencing exponential growth, with a corresponding demand for regulatory clarity to foster long-term stability and mainstream adoption. Liminal believes that a robust regulatory framework, when coupled with continuous innovation, is the cornerstone for building a secure and thriving digital asset ecosystem. By adhering to stringent regulations, Liminal ensures the safety and security of client assets, while its unwavering commitment to innovation allows it to develop cutting-edge solutions that address the evolving needs of the digital asset landscape. This two-pronged approach – prioritizing both regulatory compliance and technological advancement – positions Liminal as a leader in the digital asset custody space.Commenting on Liminal achievement, Arvind Ramamurthy, Chief of Market Development at ADGM said: ” We congratulate Liminal on completing its licensing process and receiving the required Financial Services Permission (FSP) from the FSRA of ADGM. Liminal’s focus on regulatory compliance and innovative solutions in the space of digital assets aligns with ADGM’s vision for fostering a dynamic and trusted financial ecosystem that prioritizes upholding the highest standards of security and innovation. We look forward to witness Liminal’s contribution to the growth of the digital asset industry in Abu Dhabi and beyond.”Amir Tabch, CEO of Liminal Custody Middle East and Senior Executive Officer of the Category 3C ADGM-regulated entity First Answer Middle East Limited, remarked: “Earning the ADGM FSP license is a clear indicator of Liminal’s ironclad dedication to compliance and innovation. This achievement not only positions us at the forefront of digital asset custody but also signals our pivotal role in its future evolution. By equally valuing regulatory compliance and technological progress, we aim to equip institutions with the confidence to explore the digital asset realm, tapping into its vast, transformative potential. This milestone is a springboard for Liminal’s continued growth and a significant contribution towards the digital asset industry’s maturity.”About Liminal CustodyLiminal is a compliant and insured digital asset custody and wallet infrastructure provider that provides both MPC wallets and multi-sig wallets. Launched in April 2021, Liminal is a CCSS Level 3, SOC Type 2 and ISO 27001 & 27701 certified organization. Liminal is based in Singapore, has operations spread across APAC MENA and Europe, along with offices in Singapore, India and UAE. Liminal takes pride in supporting businesses with their qualified and insured digital asset custody platform, which enables stress-free safekeeping of digital assets for institutions. Liminal also provides a cutting edge wallet infrastructure platform that is secure, compliant and automated and comes with a plug-and-play architecture for faster onboarding of developers, business partners and government agencies. About Abu Dhabi Global Market (ADGM) The Abu Dhabi Global Market (ADGM), an international financial center (IFC) located in Abu Dhabi, the capital city of the United Arab Emirates, opened for business on 21 October 2015. Established by a UAE Federal Decree as a comprehensive financial center, ADGM enhances Abu Dhabi’s stature as a global trade and business hub. It serves as a strategic connector between the burgeoning economies of the Middle East, Africa, and South Asia, and the rest of the world.ADGM’s strategy leverages Abu Dhabi’s key strengths in areas such as private banking, wealth management, asset management, derivatives and commodities trading, financial innovation, sustainability, and more. It comprises four independent authorities: the ADGM Authority, ADGM Courts, the Financial Services Regulatory Authority, and the Registration Authority. As an IFC, ADGM governs the entire 114 hectares (1.14 square kilometers) of Al Maryah Island, a designated financial free zone.ContactSr. Manager – PR & CommunicationsAkansha SharmaLiminal Custodyakansha@liminalcustody.comThis article was originally published on Chainwire More

In a display of market enthusiasm and investor confidence, Morph recently participated in the innovative crypto angel investor platform, Echo, founded by well-known crypto investor Cobie. The event marked another milestone for Morph, securing a $300K round. Echo platform angels received the same terms as prior VC investment rounds, ensuring a fair and equitable investment opportunity that reflects Morph’s commitment to a consumer and user-centric approach.The completion of this round on Echo signals both strong investor interest in Morph’s vision and a growing demand for new platforms that simplify access to blockchain innovations. A Morph spokesperson expressed enthusiasm for platforms like Echo, which break down the barriers to entry for individual investors, resonating with Morph’s mission to make blockchain technology more accessible.Morph has distinguished itself from other Ethereum Layer 2 solutions by focusing on the concept of consumer-centricity. Unlike the many alternatives that rely heavily on non-intuitive and complicated DeFi applications, Morph intends to build an ecosystem filled with dapps that have the same seamlessness and real-world utility as any existing web2 service. Morph’s CEO and co-founder, Cecilia Hsueh, explained,“Morph’s participation in Echo is just one of the many ways in which we seek to connect with industry participants. This move allowed us to broaden our investor base, reaching those who share our goal of making blockchain technology straightforward and beneficial for everyday use. We are motivated by this early success and are committed to continuing our efforts to lead the consumer blockchain revolution, making it more accessible, understandable, and consumer-friendly. We see a future where blockchain is as commonplace and easy to use as any mainstream technology today.”Website | Twitter | Discord | Telegram | Blog ｜LinkedinContactNicolasMorphnicolas.tang@morphl2.ioThis article was originally published on Chainwire More

Bybit Web3, the Web3 division of Bybit, one of the top three global crypto exchanges by trading volume, today announced an upcoming Initial DEX Offering (IDO) for Thetanuts (NUTS) on its Web3 platform. Launched in August 2021, Thetanuts Finance is a decentralized on-chain options protocol focused on altcoin options, allowing users to go long or short on on-chain options. Thetanuts has already established itself as a major player, becoming the #1 DeFi Options Protocol by TVL per @DefiLlama with exceeding $30 million in Total Value Locked (TVL).NUTS serves as the governance token of Thetanuts Finance, playing a crucial role in achieving the protocol’s long-term goals. It will be used to achieve the long-term objectives of the protocol — including decentralization, governance, and incentives.IDO DetailsAbout Bybit Web3Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. Bybit are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 25 million users globally.User can join the revolution now and open the door to their Web3 future with Bybit.For more details about Bybit, users can visit Bybit Web3.About BybitBybit is one of the world’s top three crypto exchanges by trading volume with 25 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More