Author: bitcrypto.io

Floki Floats 25% On Marketing Blitz, Aims For ‘World’s Most Used Crypto’ Title Floki’s 25% single-day rally puts the meme coin ahead of Dogecoin, Shiba Inu and Pepe in gains.The Floki community launched the Floki Learn course to deepen traders’ understanding of the meme coin. Floki’s rally prompted traders to foresee more upside for the meme coin, which is riding on the Ethereum ETF hype. What Happened: Global fintech company Revolut has announced an exclusive Floki Learn Course. More than 45 million users of RevolutApp will have the opportunity to explore the thriving FLOKI ecosystem and its DAO-powered utility token.…

The Solana (SOL) ecosystem has seen increased adoption of daily Non-Fungible Tokens (NFTs), outshining top players Bitcoin (BTC) and Ethereum (ETH). This achievement comes amid the increased activity and price surge in Solana. Solana’s Impressive NFT Display SolanaFloor, a news source associated with the blockchain ecosystem shared Solana’s impressive NFT performance on a post social media X. According to the details, Solana outperformed top blockchains like Bitcoin and Ethereum regarding daily NFT user adoption. Within the last 24 hours, the Solana NFT users soared by 34% to 9,300. Polygon (MATIC) and Ethereum were amongst the top three with increases of…

The new law tracks and traces cryptocurrency transactions as well as the prevention of unfair trading practices especially price manipulation, fraudulent transactions, and insider information. Cryptocurrency exchanges in South Korea are scrambling to implement new monitoring systems as a set of new stringent rules come into effect this Friday. South Korea’s Virtual Asset User Protection Act (VAUPA) introduces tighter laws expected to bring fairness in the sector. New law to combat crypto market manipulation in South Korea Under the new regulations, which come into effect this Friday, crypto exchanges are mandated to establish robust monitoring systems to fish out any…

The rapid rise of meme coins can be attributed to their viral nature and the strong communities behind them. In the first half of 2024, the cryptocurrency market witnessed a surprising turn of events as meme coins like Dogwifhat (WIF), Pepe coin (PEPE), and Floki Inu (FLOKI) dramatically outperformed Bitcoin (BTC) and other digital assets. According to a Forbes report citing data from CoinGecko, the total market value of cryptocurrencies surged by $661 billion in the first half of the year, with meme coins taking the lead despite Bitcoin’s dominance in the industry. Meme Coins Steal the Spotlight Bitcoin, the…

Bitcoin exceeded $62,000 after Donald Trump’s defiant response to an assassination attempt spurred speculation that the pro-crypto former president’s chances of winning reelection have climbed. The largest digital asset rose as much as 4.5% on Monday and traded at $62,738, the highest level in more than a week. Smaller tokens also rose, with second-ranked Ether up about 4.2%. Trump said he was shot in the right ear after gunfire erupted at a rally in Pennsylvania on Saturday, an episode that sparked global condemnation of political violence and shook the US presidential campaign. Some analysts anticipate sympathy and anger over the…

The digital revolution has ushered in numerous advancements across various sectors, with one of the most significant developments in recent years being the emergence of blockchain technology and its application in asset tokenization. This innovation is not just a technical upgrade; it represents a fundamental shift in how assets are created, managed, and transferred. In the Web3 era, tokenization is poised to redefine asset ownership, offering unprecedented opportunities for liquidity, accessibility, and security across diverse asset classes. The Concept of Tokenization Tokenization involves converting physical and intangible assets into digital tokens on a blockchain. This process allows assets such as…

‘Global investment banking giant JPMorgan Chase (NYSE: JPM) anticipates a reduction in crypto liquidations this month, signaling a potential market recovery beginning in August. The firm’s recent research report highlights a significant revision in year-to-date crypto net flow estimates, from $12 billion to $8 billion, providing crucial insights for investors and traders. This adjustment reflects significant liquidations by creditors of the now-defunct Mt. Gox exchange and Gemini creditors, as well as sales by the German government of seized Bitcoin (BTC) assets. Key factors influencing the market Mt. Gox, once the largest Bitcoin exchange, collapsed in 2014 after a massive hack…

At the recent Pan-African Conference on Illicit Financial Flows and Taxation, Olanipekun Olukoyede, the chairman of Nigeria’s Economic and Financial Crimes Commission (EFCC), emphasized the critical role of blockchain technology and artificial intelligence (AI) in combating illicit financial flows (IFFs) in Africa. This annual conference, hosted by the African Union, serves as a pivotal gathering for stakeholders from across the continent to discuss and strategize on ways to curb IFFs and improve taxation systems. Annual Losses and Technological Solutions Olukoyede pointed out the staggering $88.6 billion lost annually by African nations due to IFFs. He advocated for the use of…

The second event of the global Web3 roadshow ‘IXO™ 2024’ has concluded successfully. Jointly hosted by TokenPost, Mask Network, and TON, and co-organized by Chris&Partners and Wikitree, the event took place on July 9 and 10 in Gangnam, Seoul. A large number of attendees participated in the second event of IXO™ 2024, demonstrating continued interest and enthusiasm for Web3. The event featured pitching sessions from various industry experts engaged in Web3 businesses, and the lively response at the booths dispelled the bearish market sentiment and monsoon gloom. Leading companies expanding their specialized business capabilities into Web3, such as AhnLab Blockchain…

Oasys Signs Exclusive Partnership with Retro Game IP Holder Edia Gaming blockchain Oasys has entered into an exclusive partnership with Edia Corporation, a holder of 139 retro game intellectual property (IP). Oasys will onboard a new user base to Web3 gaming by becoming the exclusive distributor for all 139 retro game IP titles Edia owns in the Web3 and global markets. The partnership with Edia will work towards onboarding more mainstream gamers to web3 by using retro game IP to create new games on blockchain, including Oasys infrastructure. All 139 retro game IPs held by Edia will be available for…