Category Archives: Cryptocurrency

OkayCoin Expands Services to South Korea in Response to Rising Crypto Staking Demand – Morningstar

Los Angeles, CA, June 15, 2024 (GLOBE NEWSWIRE) --

As South Korea embracescryptocurrency stakingon exchanges, OkayCoin, a global leader in the staking industry, has announced the extension of its services to the South Korean market. Spearheaded by CEO William Miller, this strategic move is designed to support the increasing demand for cryptocurrency staking among South Korean investors, aligning with the country's progressive adoption of digital asset technologies.

"South Korea's vibrant and tech-savvy market represents a significant opportunity for OkayCoin," said William Miller, CEO ofOkayCoin. "The growing interest in cryptocurrency staking within the country has prompted us to provide dedicated support and services tailored to meet the unique needs of South Korean investors."

This expansion is part of OkayCoin's broader strategy to enhance its global footprint and provide localized solutions that resonate with regional market demands. The company's entry into South Korea follows recent regulatory advancements that have made the country an attractivemarket for cryptocurrencyventures, particularly in the area of staking.

OkayCoin's initiative to cater specifically to South Korean investors involves offering support in Korean, introducing user interfaces that cater to local preferences, and ensuring that its staking services comply with local regulations. These adjustments are aimed at making OkayCoin's platform accessible and appealing to South Korean users, thereby encouraging greater participation in cryptocurrency investment and staking.

"Our commitment to the South Korean market extends beyond just offering our services. We aim to become a trusted partner in the local cryptocurrency community, contributing to its growth and sustainability," Miller emphasized.

The introduction of OkayCoinsstaking platformto the South Korean market is expected to accelerate the adoption of staking services countrywide, providing investors with secure and profitable opportunities. The platform's advanced security measures, competitive staking options, and user-friendly experience are tailored to meet the sophisticated requirements of South Korean users.

OkayCoins expansion into South Korea also includes partnerships with local businesses and community leaders to foster a collaborative approach to promoting blockchain and cryptocurrency technologies. These partnerships will facilitate knowledge exchange, enhance customer support, and ensure the integration of best practices in line with South Korea's innovative tech landscape.

"By aligning our offerings with the preferences and requirements of the South Korean market, we are not just expanding our operations; we are also contributing to the broader global acceptance and integration ofcryptocurrency staking," stated Miller.

As OkayCoin continues to explore new markets and opportunities, its focus remains on providing state-of-the-art staking solutions that empower investors worldwide. The companys proactive approach in South Korea is indicative of its commitment to adapting to and leading within the dynamic cryptocurrency market.

OkayCoin offers a wide array ofstaking packagessuitable for every level of investor:

Each package ensures the return of principal post-staking, enabling investors to recover theirinitial capital plus earnings. This robust framework bolsters investor confidence and is supported by OkayCoin's dedication to security, simplicity, and transparency.

About OkayCoin:OkayCoin is a leading technology firm specializing in blockchain and cryptocurrency solutions. Known for its secure, scalable, and user-friendly platforms, OkayCoin continues to lead the market in innovation and service, providing top-tier staking opportunities to global investors.

For more information about how to get started with OkayCoin and make the most of the crypto summer, visithttps://okaycoin.comior use media contacts.

Media Contact Details Contact Name: William Miller Contact Email: william@okaycoin.com Company Add: 525 Flower St, Los Angeles, CA 90071 USA City/Country: Los Angeles, USA Website:https://okaycoin.com

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency & securities.

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OkayCoin Expands Services to South Korea in Response to Rising Crypto Staking Demand - Morningstar

Bitcoin price today: Edges below $66k as crypto market mixed By Investing.com – Investing.com

price edged slightly lower Monday, giving up the weekends slight gains as the overall crypto market steadies.

The premier cryptocurrency declined by 0.34% in the past 24 hours to $65,764.8 by 06:16 am ET (11:16 GMT). It had risen as high as $66,914 on Sunday.

On Wednesday last week, Bitcoin jumped back above the $70,000 mark before pulling back on the day and continuing lower for the rest of the week. The weekend saw a slight push higher, but so far on Monday, Bitcoin has pushed slightly lower.

With the Federal Reserve now projecting only one rate cut for the remainder of 2024, risk-driven assets like crypto have been pressured. Higher rates generally provide a headwind for the sector by keeping liquidity levels low, while also driving USD strength.

As a result, Bitcoin has moved lower since Thursday.

Federal Reserve policymakers said there has been modest further progress toward its 2% inflation objective.

At the press conference, Federal Reserve Chair Jerome Powell said the central bank doesnt yet have the confidence to lower rates despite inflation having eased from peak levels. On the other hand, Powell said no one has rate hikes as their base case.

Beyond Bitcoin, most major altcoins also fell slightly on Monday morning.

World no.2 token Ether declined by 0.37% to $3,496.77, while ADA is down almost 1%. However, XRP has climbed 2.3%, while SOL has gained 1.4% so far on Monday. Among meme tokens, DOGE declined 0.9% and SHIB fell 2.3%.

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Bitcoin price today: Edges below $66k as crypto market mixed By Investing.com - Investing.com

Trump enlists bitcoin to save fossil fuels – E&E News by POLITICO

Former President Donald Trump embraced cryptocurrency Tuesday for its ability, in his words, to help make the U.S. energy dominant.

His comments, which come six years after he declared cryptocurrency a scam, mark a new argument for slowing a wave of coal plant retirements and expanding the growth of natural gas as he runs for office against President Joe Biden, who has made tackling climate change a centerpiece of his first term.

Cryptocurrency mining operations can use thousands of high-powered computers that devour huge amounts of electricity, making it perhaps a natural ally in Trumps defense of fossil fuels.

Bitcoin mining may be our last line of defense against a CBDC, Trump wrote on his Truth Social platform, referring to the central bank digital currency. Bidens hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!

In 2019, Trump tweeted that cryptocurrency could be used for illegal activity and that its value was highly volatile and based on thin air.

Cryptocurrency mining currently accounts for up to 2.3 percent of the total U.S. electricity usage, according to the U.S. Energy Information Administration. That demand could pose strains to the electricity grid during periods of peak demand, the potential for higher electricity prices, as well as effects on energy-related carbon dioxide (CO2) emissions, the EIA found. Cryptocurrency mining in the U.S. has accelerated dramatically since 2019, due in part to strict new rules against it in China.

But it also presents a potentially lucrative opportunity for the fossil fuel industry, which Trump has promised to help if hes elected. Large crypto mining operations, which can be equipped with 20,000 computers or more stacked in shipping containers, are sometimes located near power sources such as coal or gas plants. Others have used hydropower and electricity derived from methane at waste facilities.

The Biden administration has focused on regulating the crytocurrency industry, saying it can raise the cost of electricity on families and contribute to climate change. Last year, Biden proposed a tax on crypto miners that would amount to 30 percent of their electricity costs.

Cryptomining firms do not have to pay for the full cost they impose on others, in the form of local environmental pollution, higher energy prices, and the impacts of increased greenhouse gas emissions on the climate, a White House fact sheet said at the time.

Biden continues to show wariness toward the industry. He recently vetoed a bill supported by Republicans and some top Democrats that would have repealed crypto guidance by the Securities and Exchange Commission.

The Biden campaign declined to comment.

Trump, meanwhile, has ramped up his attacks on Biden, using cryptocurrency as a political cudgel.

But there is also significant bipartisan concern about the industry.

On Wednesday, Texas Lt. Gov. Dan Patrick a close Trump ally wrote on X that Texas is getting crushed by crypto miners. Demand on the states electrical grid is expected to nearly double to 150,000 megawatts in just six years.

While artificial intelligence and business growth account for part of that, he said most of the demand is coming from crypto mining and data centers, which are crashing our grid and turning the lights off.

We need to take a close look at those two industries, Patrick wrote. They produce very few jobs compared to the incredible demands they place on our grid.

Trump campaign senior adviser Brian Hughes said the industry would not face regulations if Trump is elected.

Crypto innovators and others in the technology sector are under attack from Biden and Democrats, he said in a statement. While Biden stifles innovation with more regulation and higher taxes, President Trump is ready to encourage American leadership in this and other emerging technologies.

Trumps Tuesday comments came one day after he met with cryptocurrency company representatives at his Mar-a-Lago estate. Among them was Brian Morgenstern, a lobbyist for a bitcoin company called Riot Platforms and a former Trump administration official. Morgenstern was Trumps deputy director of communications and a deputy assistant secretary at the Department of Treasury.

President Trump will protect your right to own Bitcoin, to mine Bitcoin, to transact with Bitcoin, and for many of us, to work in the Bitcoin industry, Morgenstern wrote in an op-ed this week in Bitcoin Magazine. We believe he will support Bitcoin miners ability to help revolutionize the finance and energy industries in the United States and maintain American economic leadership for the future.

Reporter Jack Quinn contributed.

This story also appears in Energywire.

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Trump enlists bitcoin to save fossil fuels - E&E News by POLITICO

Why Is Pepe Coin Rising Forbes Advisor INDIA – Forbes

Meme coins are best known in the crypto market to lift up the mood and sentiment of the investors especially when the overall market is a bit choppy or moving sideways.

So, if you are a fan of meme coins, then you may not want to miss out on the newly-launched PEPE coin, which has set up an unprecedented example by witnessing a crazy rally of almost 7,000% since its launch in April 2023. Currently, PEPE coin has a market capitalization of over $5 billion, which it hit in just a month of its launch.

Lets dig deep into how this frog-faced PEPE has become the talk of the town within no time and how it entered the markets top 100 cryptocurrencies, soaring overnight.

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PEPE coin is just like another meme coin which does not hold any fundamental and intrinsic value and has no utility. In fact, it is regarded as the most memeable meme coin built on the Ethereum blockchain and works as an ERC token.

PEPE coin does not have a formal team or any roadmap. It has been just casually created as a tribute to popular internet meme character known as PEPE the Frog which gained popularity in the early 2000s.

Even with no fundamentals, PEPE has been able to enter the top 100 cryptocurrencies by market cap in just two weeks of its launch and presently ranking at number 70 position as per crypto website CoinMarketCap. PEPE coin first started trading on April 15, 2023 at a price of around $0.000000001 and now one PEPE coin is equivalent to $ 0.0000014, at the time of writing.

According to PEPEs official website, PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.

On the contrary, PEPE has been designed to capitalize on the popularity of meme coins such as Dogecoin, Shiba Inu and others. Thats why PEPE coin is much like Doegcoin and Shiba Inu, the only difference is that the latter are dog-based coins and PEPE is a frog-based one.

PEPE Coin uses a deflationary mechanism in which a small percentage of tokens gets burnt with each transaction. This mechanism helps to create scarcity and also increase the value of the left tokens over a period of time.

Moreover, it uses a redistribution system in which a portion of every transaction is shared amongst the existing token holders which helps them to gather user engagement and long-term investments.

The way PEPE has come to existence is still unknown. It did not use any of the methods such as initial coin offering (ICO), presale or airdrop to distribute its tokens rather entirely dependent on the popularity of PEPE the Frog meme, to gain interest from the potential investors.

It is to be noted that PEPE has no connection to the main creator of PEPE the Frog meme, Matt Furie, rather the identity of its creators is still unknown. All that we know, PEPE was launched towards the middle of April 2023.

The information about the team and its creators is scarce, but PEPE has successfully reaped a lot of attention via social media platforms such as Twitter and Telegram, and within no time could foster a community around the meme coin. In just a few days of its launch, PEPE already has more than 290,000 followers on Twitter.

PEPE entered like a boom in the crypto world and has shook the meme coin world totally by surprise. It surpassed its $1 billion market capitalization in a very short span of just 20 days. With such a super extraordinary entry, PEPE surged by a whopping 7,000% within a matter of just 17 days and rocked the crypto meme coin industry.

Interestingly, April was an amazing month for PEPE, and it is quite evident by the google search data. The Google Trend score for PEPE coin rose from three to 100 from the week of April 9, 2023 to the week of May 15, where the value 100 depicts the peak popularity for a specific keyword search on google.

Google Trend Score for PEPEcoin Over Past 30 days

At one time on May 5, 2023, PEPE coin reached its peak at $0.000004354, along with an astonishing market cap of $1.87 billion, depicting a meteoric rise. One important factor which contributed in moving the price of PEPE coin drastically, is its listing on several leading cryptocurrency exchanges, including Binance, Uniswap, KuCoin, OKX, Huobi, Gate.io, and MEXC.

PEPE Coin Price Chart Over Past One Month

Presently, PEPE price has plummeted drastically as it has experienced a decline of more than 60% since its all-time high, with more than 3% decrease in the last 24 hours at the time of writing, which raises the question Should we even consider this coin?

There is no doubt that crypto enthusiasts have all the reasons to consider PEPE coin as the next potential meme coin due to its massive entry and unexpected popularity. PEPE has been able to impress the whole crypto market by its amazing performance since its launch and has shown that it can anytime compete with the top major meme coins at par.

It is natural that crypto investors might be thinking to pump big time in PEPE due to its immense popularity and to turn their fortune overnight. But, if we closely look at the graphs and know that memes can turn into a joke anytime, thus investors must not be carried away by PEPEs temporary popularity and fame as its hype can be over anytime soon.

Financial experts strongly believe that one should not forget that PEPE Coin is intended purely for entertainment purposes and it contains no intrinsic value and therefore there should be no expectation of financial return at all. Moreover, PEPE is a fairly new project with almost negligible price history for reference, therefore it might be risky to put your hard money into it. Still, if anyone really wishes to invest in crypto coins then it is better to go for mainstream coins such as Bitcoin and Ethereum, which should only constitute 5% of your total financial portfolio.

Well, if you still prefer to go with the flow and follow the trend by trying your luck in PEPE, then following are steps which would help you in purchasing PEPE coin via crypto exchanges, where it is available:

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Detailed Article: How To Buy PEPE Coin In India

Frog-faced PEPE is one of the best examples of rise to fame which have surely changed the fortunes of many by making bumper profits for them. But, if you have missed the bus, then the chances of catching it again seems slim as no one can predict what happens next in the crypto space.

PEPE, which surpassed its much popular counterparts, Dogecoin and ShibaInu within no time, has made both critics and huge fan following over the past one month.

There are many who already got lucky, while the others are curious to know what lies next for PEPE. With the rise in number of holders, daily trading volume and the following on social media channels, experts believe that there is still a lot of potential left in PEPE which might show its another bullish momentum.

However, the situation of PEPE is similar to that of a frog, which is half dipped in water and the other half is still out and looking for much better opportunities.

Like other meme coins, PEPE has no solid foundation and strong intrinsic values, thus, many fear that this rally might not sustain for long. And, literally no one knows how long the upside momentum will continue for PEPE, before the bears step in.

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Why Is Pepe Coin Rising Forbes Advisor INDIA - Forbes

New EU Parliament Elected: What’s The Future For Cryptocurrency In Europe? – CCN.com

Key Takeaways

The results of the recent European Union parliamentary elections may change the EUs approach to digital assets and cryptocurrencies. While the center-right European Peoples Party (EPP) maintained its position as the strongest political force, the surge of far-right and conservative parties has added a new layer of complexity to the regulatory landscape for crypto and blockchain technology.

The new European Parliaments diverse composition means that the implementation and potential adjustments to key frameworks like the Markets in Crypto Assets (MiCA) regulation will be closely watched. With factions ranging from crypto-skeptic populists to innovation-friendly centrists, the legislative process governing the future of digital finance in the EU is poised for vigorous debate.

The recent election proved to be a resounding victory for the far-right across the European Union, while proving disastrous for liberal and green parties. However, the center-right European Peoples Party (EPP), led by European Commission President, Ursula von der Leyen, maintained its position as the strongest political group in the European Parliament.The EPP consolidated its position as the largest bloc in the 720-seat chamber, gaining eight seats compared to the 2019 elections, for a total of 182 seats.

The far-right Identity and Democracy (ID) group, led by Frances Marine Le Pen, saw a significant boost, securing 58 seats an increase of nive from five years prior. Furthermore, the European Conservatives and Reformists (ECR), led by Italys Prime Minister, Giorgia Meloni, also made gains, winning four more seats than in the previous election.

Overall, non-aligned parties, encompassing a variety of right and left-wing groups outside the established political blocs, gained ground, winning 99 seats a 37-seat increase since 2019.

Among the losers, the center-left Progressive Alliance of Socialists and Democrats (S&D) lost four seats but remained the second-largest bloc with 135 seats. However, they fell to second place in major countries like Spain, where they had previously been the leading party in 2019. The liberal Renew Europe (RE) group faced a substantial setback, losing 22 seats. This led to a new election in France, as announced by the President, Emmanuel Macron.

Finally, the Greens, who had achieved significant gains in the 2019 elections, also suffered a major defeat, losing 19 seats.

The stance on cryptocurrencies and blockchain technology among major political groups in the European Parliament is varied, reflecting their broader ideological perspectives.

The European Peoples Party (EPP), holding 186 seats, is optimistic about the potential of blockchain and digital currencies. They advocate for robust regulatory frameworks to prevent misuse while fostering innovation. The EPP supports the current MiCA regulation and proposes future adjustments, especially for NFTs. Additionally, the party favors a relaxed tax policy for crypto and explores blockchain applications beyond financial services.

Renew Europe, a centrist group with 79 seats, champions a proactive, innovation-friendly approach to blockchain and digital assets. They support the development of a digital euro to maintain EU competitiveness and advocate for a European digital identity to streamline processes and enhance trust in digital transactions.

The European Conservatives and Reformists Group (ECR), which holds 73 seats, sees blockchain and cryptocurrencies as tools for economic growth but stresses the need for stringent anti-money laundering measures. They are skeptical about the digital euro and favor existing payment solutions instead.

Volt Europa, which won five seats and plans to join Renew Europe, is a pro-European federalist party that advocates integrating cryptocurrencies into the financial system. It supports the introduction of a digital euro and harmonized European investment regulations.

The Progressive Alliance of Socialists and Democrats (S&D), with 135 seats, is cautiously optimistic about blockchain and cryptocurrencies. It emphasizes strict regulations to prevent fraud and supports the idea of a digital euro to enhance monetary policy and consumer protection.

The Identity and Democracy (ID) group, with 58 seats, lacks a unified stance on digital currencies. However, member parties like Germanys AfD oppose the digital euro, viewing it as a threat to individual freedom and privacy. Marine Le Pen of Frances National Rally favors strict regulation over an outright ban on cryptocurrencies.

The Greens/European Free Alliance (Greens/EFA), with 53 seats, takes a cautious stance on blockchain. While they recognize its potential for transparency and sustainability, they are concerned about the environmental impact of energy-intensive cryptocurrencies. They support exploring a digital euro aligned with sustainability goals.

The Left in the European Parliament (GUE/NGL), holding 36 seats, is critical of cryptocurrencies. This is due to concerns over illicit activities and economic inequality. They advocate for a digital euro to enhance public control over the monetary system and support strict regulatory measures.

The European Christian Political Movement (ECPM), with four seats, supports technological progress that respects human dignity and fundamental rights. It is cautious about privacy and anonymity concerns related to digital wallets and eIDs. However, it has not established a detailed policy on cryptocurrencies.

While views on cryptocurrencies and blockchain technology vary among these groups, the general trend is to balance innovation with regulation. The aim is to ensure consumer protection and financial stability.

Given the European Parliaments diverse composition, debates and potential adjustments to frameworks like the Markets in Crypto Assets (MiCA) regulation are expected after the EU Parliament has regulated artificial intelligence with the EU AI Act. The presence of far-right and conservative parties adds complexity, with some factions being skeptical of the digital euro and prioritizing stringent Anti-Money Laundering measures. Meanwhile, smaller groups like the Greens and the Left emphasize environmental concerns and social justice in digital finance.

The outcomes of the EU elections play a crucial role in shaping the blocs legislation. Particularly in implementing the MiCA framework. The strengthening of populist parties could impact regulatory stances. And it may potentially result in stricter controls or more supportive policies.

Several parliamentary committees cover issues relevant to the digital finance sector. Among them are the Committee on Economic and Monetary Affairs (ECON), the Committee on Industry, Research and Energy (ITRE), the Committee on the Internal Market and Consumer Protection (IMCO), the Committee on Civil Liberties, Justice and Home Affairs (LIBE), and the Committee on Legal Affairs (JURI). ECON is the most active in the digital assets and crypto space.

The composition of the European Parliament and its committees is crucial to the future of digital assets and crypto policy. Members of the European Parliament play a significant role in shaping and adopting legislation. The European Parliaments diverse political landscape will influence the legislative landscape for digital assets and cryptocurrencies. The elections are crucial for determining the pace and direction of the implementation of the MiCA regulation. Varying perspectives from different political groups will definitely shape the future of digital finance in the EU.

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New EU Parliament Elected: What's The Future For Cryptocurrency In Europe? - CCN.com

Joe Biden may accept crypto campaign donations through Coinbase, following Donald Trump – Quartz

Photo: Guglielmo Mangiapane ( Reuters )

It looks like President Bidens re-election campaign is mirroring the Trump campaign by considering accepting Bitcoin and cryptocurrency donations.

Where did Cool Ranch Doritos come from?

The Biden campaign is considering accepting cryptocurrency donations through Coinbase Commerce, the same payment service that allows contributions to Trumps campaign, The Block reports. With this move, the Biden team aims to attract young crypto-focused voters. Citing a source, the report said that the Biden campaign aims to show support for the crypto industry.

In this election year, when crypto has become a political topic, Republican presidential candidate Donald Trump has emerged as a strong Bitcoin supporter contrary to his stance just a few years ago.

He has previously denounced Bitcoin as a scam against the U.S. dollar. He has also called cryptocurrency a disaster waiting to happen and said he is not a fan of it. But now, Trump says he is good with it.

Last month, he declared himself the pro-crypto candidate. His campaign also now accepts donations in Bitcoin, Ether, Dogecoin, Solana, and other cryptocurrencies. Earlier this week, Trump declared that he wants all remaining Bitcoin to be made in the U.S.

Trumps shift on cryptocurrency puts him in opposition to some Democrats, who have traditionally opposed it. Sen. Elizabeth Warren, D-Mass., has pushed for more crypto regulation. But this year, some Democrats are singing a more pro-cryptocurrency tune, distancing themselves from Warren on the issue.

The House last month passed a crypto bill that aims to regulate the industry at large.

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Joe Biden may accept crypto campaign donations through Coinbase, following Donald Trump - Quartz

Cristiano Ronaldo launches his fourth NFTs collection with Binance By Investing.com – Investing.com

Portuguese football superstar Cristiano Ronaldo has launched his fourth non-fungible token (NFT) collection in collaboration with the worlds largest cryptocurrency exchange Binance.

The new collection, scheduled to debut on May 29 on the Binance NFT Marketplace, will celebrate Ronaldo's career under the theme Forever Worldwide: The Road to Saudi Arabia. The collection chronicles Ronaldo's journey from his beginnings in Madeira to his current status as a global football icon.

The exact number of NFTs in the new collection will be disclosed at launch. While pricing details remain undisclosed, Binance has indicated that all "Normal NFTs' ' will be uniformly priced, whereas the "final Super Rare NFT' ' will have a distinct price point.

Ronaldo's partnership with Binance has not been without its challenges. The football star is currently embroiled in a class-action lawsuit in a United States district court in Florida, stemming from his earlier involvement in NFT sales with Binance.

The plaintiffs claim that Ronaldo's endorsement influenced their investment decisions, leading to substantial financial losses. They are seeking damages in excess of $1 billion.

The Forever Worldwide: The Road to Saudi Arabia collection features NFTs representing major locations in Ronaldos career. The artworks are created by artists with personal connections to these locations.

"I'm excited that this new NFT collection with Binance offers fans pieces of my journey throughout my football story, said Ronaldo. Each place in 'Forever Worldwide: The Road to Saudi Arabia' means a lot to me personally, and I can't wait for fans to see my career's big moments through this special artwork collection."

Sarah Dale, Head of Brand Partnerships at Binance, highlighted the collaboration's significance, stating, Cristiano Ronaldo's journey has inspired fans worldwide. This NFT collection, created with the best rewards for sports fans, opens new horizons for NFT utility and fan engagement.

The NFT collection will be released in two drops during the upcoming football season, culminating in a special auction in June for a limited collection of super rare (SSR) NFTs.

Launching tomorrow, the first drop includes NFTs representing Madeira, Lisbon, and Manchester. Artists will highlight Ronaldo's beginnings in Madeira and Lisbon, and then his rise in Manchester. Meanwhile, the second drop will depict Ronaldo's success in Madrid, Pasquale Garibaldi and also capture his recent chapter in Saudi Arabia.

In mid-June, a limited collection of seven SSR NFTs designed by local artist Mr. Dheo will be available via an online auction from June 14 to 18. Moreover, fans who collect all NFTs from Drop 4 will benefit from a 'Collect to Earn' mechanism, providing rewards such as vintage jerseys, football tickets, signed posters, and personalized video responses from Ronaldo.

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Cristiano Ronaldo launches his fourth NFTs collection with Binance By Investing.com - Investing.com

Ethereum ETFs: What are the next steps? By Investing.com – Investing.com

Investing.com Although final confirmation is still needed before the trading of spot Exchange Traded Funds (ETFs) can begin, the market sees a strong likelihood of this happening soon, with expectations set for the coming weeks.

Ana de Mattos, a technical analyst and trader partnered with Ripio, notes that even though they have been approved, trading of these ETFs is not yet scheduled because the SEC needs to approve the S-1 filings, which detail the management of the funds, explains Mattos, who reminds us that these forms are still under review.

Last week, the U.S. Securities and Exchange Commission (SEC) requested exchanges to amend their filings and approved the forms on Thursday, the 23rd. Markets are awaiting final SEC confirmation on the asset managers' forms, which could happen soon and would be the last hurdle before these products are approved for trading, points out Manuel Villegas, digital asset analyst at Julius Baer.

The market views this trading as almost certain in the short term, which can be observed in some indicators, cites the Swiss group, including the discount on Grayscales closed Ethereum Trust and its net asset value, which has dropped from about 20% to 1% in recent days.

At the same time, options markets are showing a clear skew in Ethereum options across all maturities. In fact, there are nearly two call options for every put option, adds Julius Baer.

Although investors benefit from closer spot price tracking with these products, Julius Baer believes the approval is largely priced in.

Analysts expect not only a rise in Ethereum, which has already increased by more than 20% in May, but also in other projects related to the technology. According to Mattos, Ethereum continues to face strong buying pressure, with resistance at $4,565 if the flow continues. Beyond this range, the analyst believes the cryptocurrency could surpass its all-time high and reach the first Fibonacci expansion level at $5,454, with short- and medium-term supports at $3,200 and $2,980.

At 4:30 PM ET, Ethereum was down 1.03%, at $3,837.43.

Julius Baer states that a possible reason for the acceleration of this approval process is the proximity of the American elections and recalls that former President and candidate Donald Trump supports various crypto-related projects, while Biden is expected to decide whether to sign the 21st Century Financial Inclusion and Technology Act, which has been approved by the Republican Party and much of the Democratic Party. The legislation is expected to promote clarity around digital asset regulation, aiming to provide a framework for service providers, added Julius Baer.

Ethereum is on the verge of reaching its best moment, according to Daniel Gonzlez, Crypto Analyst at Bitso. Among the positive drivers is the greater adoption of technologies enabled by the Ethereum network, which play a crucial role in the development of Web3. Additionally, the expansion of smart contracts, applications that automate transactions, and financial inclusion geared towards decentralized payments are also among the drivers highlighting the possibilities of the technology.

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Ethereum ETFs: What are the next steps? By Investing.com - Investing.com

SEC embrace of ether ETFs highlights cryptocurrency’s shifting political fortunes – CNBC

The newly opened door to ether ETFs is part of a larger story that dominated cryptocurrency markets last week: the industry's political tides appear to be shifting in its favor. Thursday night's approval by the Securities and Exchange Commission of a rule change that would pave the way for the creation of ether ETFs caught most market watchers off guard. Expectations of an approval were low as the week began, but flipped completely and suddenly last Monday sending ether up 20% . The SEC decision followed a vote in the House of Representatives on May 8 to overturn a controversial SEC accounting policy, known as SAB 121, that forces banks to treat digital assets on their books as liabilities. The White House said the same day that President Biden would veto the bill and, in any case, the Senate rejected the proposal on May 16. Meanwhile, on May 9, former President Donald Trump said he would soon begin accepting campaign donations in crypto. "While the news of the ether ETF is undoubtedly positive, the real excitement lies in the underlying reason for the SEC's sudden change," said RachelLin, CEO and co-founder ofthe decentralized derivatives trading platform SynFutures. "Until recently, the SEC and a faction of the U.S. administration had seemingly pursued an anti-crypto policy to stifle the sector. However, there seems to be a growing political realization within the administration that cryptocurrency is a matter that could sway the election." Landmark victory Then last week, one day before the SEC approved the rule change to allow ether ETFs, the House passed a crypto infrastructure bill called FIT 21 (the Financial Innovation and Technology for the21stCentury Act ), which would specify when crypto falls under the purview of the SEC versus the Commodity Futures Trading Commission. Many are hailing FIT 21 as a landmark victory for the industry. "There's a sea change going on in politics right now," Oppenheimer senior analyst Owen Lau told CNBC. "People are starting to realize that being anti-crypto is a bad politics." The Beltway consensus is that FIT 21 is unlikely to come up for a Senate vote, but Lau said its passage in the House lays the groundwork for the next Congress that will be seated next January. "We are getting closer to regulatory clarity," he added. "The problem with the status quo is there are no rules." As a result, "there's a lot of unpredictability in this space that can push capital, talent and projects out of this country." Alex Thorn, head of research at Galaxy Digital, noted that there isn't much time in the legislative calendar for the passage of industry-friendly bills, with the summer recess looming and a Presidential election in the fall. Still, he didn't completely write off the Senate picking up existing efforts, such as the Lummis-Gillibrand Responsible Financial Innovation Act , co-sponsored by Democratic Senator Kirsten Gillibrand (N.Y.) and Republican Senator Cynthia Lummis(WY) , aimed at creating a comprehensive regulatory framework for crypto assets. "I'd be surprised if FIT 21 or something like it actually becomes law this year," said Thorn. "The politics of this are what is most interesting. It does portend a sweeping change in [the] Democratic leadership approach to this industry, and that can only help crypto."

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SEC embrace of ether ETFs highlights cryptocurrency's shifting political fortunes - CNBC

Cryptocurrency: Meme Coin Created With ChatGPT Rises 2,000% – Watcher Guru

The cryptocurrency market has a meme coin segment that defies logic and a traditional investment approach. A meme coin named Turbo has been trading in the cryptocurrency market for over a year and was created using OpenAIs chatbot ChatGPT.

The meme coin Turbo was first launched a year ago in May 2023 and traded at $0.00031005. However, the cryptocurrency scaled up nearly 600% by the end of the year but began trading sideways in 2024.

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Nonetheless, in the last 30 days alone, the Turbo meme coin skyrocketed nearly 1,400% and turned heavily bullish. Since a year, the Turbo cryptocurrency created with ChatGPT has surged a whopping 2,232% in value. The meme coin is among the top-performing cryptocurrencies this year that generated stellar returns for investors.

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Therefore, an investment of $10,000 last year in the meme coin Turbo would have turned into $233,200 today. This shows that the meme coin segment in the cryptocurrency market is not bound to any financial rules. Meme coins chart their own course and the lucky and daring ones get the opportunity to make returns that even the stock market cant deliver in a short period.

Turbos price is currently hovering around the $0.007 range on Wednesday and is facing correction in the charts. Investors are now indulging in profit bookings and the sell-off made the cryptocurrencys price dip this week. However, meme coins are highly speculative assets, and its difficult to point its next direction in the charts.

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It is advised to do thorough research before taking an entry position into the Turbo meme coin this month. The cryptocurrency market is known for its volatility and swings both ways making it difficult to digest the losses. In conclusion, while the Turbo meme coin soared 2,200%, there is no guarantee that it could repeat the feat.

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Cryptocurrency: Meme Coin Created With ChatGPT Rises 2,000% - Watcher Guru