In a May 11 tweet, Musk said he hired a new CEO for X Corp. — Twitter’s parent company — who will likely replace him starting in late June or early July. The unnamed woman will follow Musk, who took over the social media platform in October 2022 after completing a $44 billion acquisition.Continue Reading on Coin Telegraph More
In March, Coinbase received a Wells notice from the SEC, potentially leading to the financial regulator taking enforcement action against the U.S.-based crypto exchange. In response, Coinbase filed a complaint against the SEC in April seeking to compel the commission to provide clear regulatory guidelines for crypto firms operating in the country.Continue Reading on Coin Telegraph More
Floki has recently announced a partnership with ITTF World Table Tennis (WTT), marking its foray into sports sponsorships. This strategic alliance solidifies Floki’s position as the official sponsor of the highly anticipated ITTF World Table Tennis Championships Finals, introducing the brand to a vast global audience of over 500 million individuals spanning various regions worldwide.Floki gains unparalleled access to a worldwide platform through this exciting partnership, enabling the cryptocurrency company to connect with countless table tennis enthusiasts, numbering in the hundreds of millions. This move is a significant step for Floki and the cryptocurrency industry, showcasing its potential as a viable marketing avenue for sports organizations.According to a recent release, the partnership will include a match table LED display, table side A-boards, WTT website brand mark placement, global press release, and social media posts across Global WTT social channels for the highly anticipated 2023 ITTF World Table Tennis Championships Final. The event, scheduled for 20–28 May at the ICC Convention Center in Durban, South Africa, will be an excellent opportunity for Floki to reach a broad, hard-to-reach TV and digital audience.With the recent developments, Floki’s native token, FLOKI, has experienced a surge in value, climbing 5.02% to reach $0.0000364, according to Coinmarketcap. By leveraging this momentum and tapping into new markets, Floki can continue to build its brand.FLOKI/ USD price chart, Credit: CoinmarketcapCoinMarketCap data reveals a $0.00003463 support level in the past 24 hours against a $0.00003787 resistance in the same timeframe. FLOKI has a market capitalization of $355,697,881 and a daily trading volume of $50,722,197, and has been able to register a 14.21% increase in the past day.The post Floki Makes Waves with ITTF World Table Tennis Deal; FLOKI Soars appeared first on Coin Edition.See original on CoinEdition More
The United States-based exchange Kraken has increased Bitcoin withdrawal fees to match the current fees on-chain, the company’s customer support manager wrote on Reddit on May 10.Continue Reading on Coin Telegraph More
In a vote on May 11, Members of the European Parliament (MEPs) agreed to include banning the use of facial recognition in public spaces and predictive policing tools in the highly anticipated AI Act.Continue Reading on Coin Telegraph More
Within the update, the company highlighted a cash and stable balance worth $194 million, liquid digital assets worth $566 million — including reserves in The Sandbox (SAND) tokens — and off-balance sheet tokens worth $2.7 billion for all other Animoca Brands majority-owned Web3 subsidiaries. Continue Reading on Coin Telegraph More
Over the past day, the Apecoin (APE) price was initially driven down by bears but found support at $3.22, leading to a subsequent market takeover by bulls. The bullish momentum, however, was short-lived as bulls failed to break above the $3.39 24-hour high. As a result, bears reclaimed control of the APE market, resulting in a 1.91% drop to $3.23 at press time.The market capitalization of APE fell by 1.87% to $1,191,726,506, while the 24-hour trading volume increased by 131.97% to $98,311,423, indicating that traders are still actively trading APE despite the recent decrease.The drop in market value could be ascribed to the bears regaining power, which may have prompted some investors to liquidate their positions. However, the surge in trading volume implies that many traders still believe in APE’s long-term potential and are taking advantage of the slump to buy more shares.APE/USD 24-hour price chart (source: CoinMarketCap)The Moving Average Convergence Divergence (MACD) on the 2-hour price chart is in the negative region and below its SMA line, indicating that APE bearishness may persist in the short term. Selling pressure in the APE market has increased since the histogram entered negative territory.The Know Sure Thing (KST) reading of -26.9359 indicates that the APE market is now oversold and may recover. This movement and the increased trading volume suggest that some investors may be attempting to capitalize on the oversold conditions.APE/USD chart (source: TradingView)A rating of -145 on the Elder Force Index (EFI) shows that negative momentum in APE is high, indicating that sellers control the market and drive prices lower.Since the trend will likely continue, traders and investors should be cautious when opening new positions.The MFI rating of 33.93 indicates that bearish sentiment in APE is increasing as purchasing pressure has dropped, and selling pressure has increased. As the APE nears the oversold level of 20, it may indicate a potential buying opportunity for traders hoping to enter the market at a reduced price.APE/USD chart (source: TradingView)As bears reclaim control of the APE market, traders should be cautious before entering new positions. However, the oversold conditions may present a buying opportunity for those willing to take the risk.Disclaimer: The views, opinions, and information shared in this price prediction are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be liable for direct or indirect damage or loss.The post APE Bears Regain Control, Traders Eye Buying Opportunity appeared first on Coin Edition.See original on CoinEdition More
The introduction of the BRC20 symbol has made Bitgert Blockchain stand out from the rest. The BRC20 symbol is a technical standard that enables the creation of smart contracts on the Bitgert Blockchain. It is similar to the ERC20 token standard on the Ethereum Blockchain but with some added functionalities.The BRC20 symbol allows for the creation of custom tokens and smart contracts on the Bitgert Blockchain, making it more flexible and customizable. This has attracted many developers to Bitgert, as they can create smart contracts that suit their specific needs.Bitgert Blockchain has a zero-cost gas fee, which is better than other blockchains like Ethereum that charge gas fees for smart contract transactions. Gas fees are the fees paid to miners to process transactions on a blockchain network. By eliminating gas fees, Bitgert Blockchain has made it easier and more affordable for users to execute smart contracts.Bitgert Blockchain uses a Proof of Authority (PoA) consensus algorithm instead of Proof of Work (PoW) or Proof of Stake (PoS). PoA is a consensus algorithm that is based on identity verification rather than computational power or stake ownership.In PoA, a group of validators is selected to validate transactions and create new blocks. These validators are trusted members of the community who are known for their integrity and technical expertise. The PoA consensus algorithm is faster and more efficient than PoW and PoS, making it ideal for enterprise applications.As the popularity of Bitgert Blockchain continues to grow, so does the value of its native cryptocurrency, Bitgert (BRISE). The current price of Bitgert is around $0.000000289, and industry experts predict that it is about to skyrocket.The reason for the increasing value of Bitgert is the unique features of Bitgert Blockchain. The BRC20 symbol, zero-cost gas fee, and PoA consensus algorithm have made Bitgert Blockchain more attractive to developers and investors. As more people adopt Bitgert Blockchain, the demand for Bitgert will increase, driving up its price.Bitgert Blockchain is the future of smart contracts, and the introduction of the BRC20 symbol has made it more flexible and customizable. With zero-cost gas fees and PoA consensus, Bitgert Blockchain is faster, more efficient, and cheaper than other blockchains. The increasing demand for Bitgert is a testament to the unique features of Bitgert Blockchain, and it is poised to be a major player in the blockchain industry.The post Bitgert BRC20 Token Standard Ahead of Ordinals in Blockchain Industry appeared first on Coin Edition.See original on CoinEdition More
