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Also Read: Bitcoin ’s Price Flashes Danger Sign, Massive Volatility Ahead? advertisement JPMorgan To Rescue First Republic Bank According to reports, JPMorgan Chase & Co (JPM.N), PNC Financial Services Group (PNC.N) and Citizens Financial Group Inc (CFG.N) turned out to be one of the biggest bidders in the auction. It is expected that the FDIC will soon announce the deal and seizer of the collapsing bank. Reuters reported that the U.S. watchdog attempted to revise the buyout bid in accordance with specific criteria. This included assets owned by the lender. Meanwhile, FDIC and FRC haven’t issued any comment on the situation. However, the First Republic Bank Buyout deal comes in when the U.S. banking sector witnessed the collapse of Silicon Valley Bank and Signature Bank in a similar manner. Trending Stories Top 3 Cryptocurrencies with Bullish Setup Poised for Massive Growth in May 2023 24/7 Cry...

Shiba Inu (SHIB) is a meme token created as a joke and an alternative to Dogecoin (DOGE). However, unlike DOGE, which has gained popularity and support from celebrities like Elon Musk, Shiba Inu (SHIB) has struggled to gain traction and value in the crypto market. Despite having a loyal fan base and ample tokens, Shiba Inu (SHIB) has failed to deliver its promise of being the “Dogecoin killer.” Shiba Inu (SHIB) has lost over 80% of its value since its all-time high in October 2021. Shiba Inu (SHIB) investors get Frustrated One of the key reasons why SHIB holders are getting frustrated is the fact that Shiba Inu (SHIB) has not been widely accepted or adopted by mainstream platforms or institutions. The token has limited support from payment processors and merchants unlike Dogecoin. The token also faces regulatory hurdles in countries like China and India, where crypto trading is banned or restricted. Shiba Inu (SHIB) also lacks a clear roadmap or vision for its future d...

With the ongoing crypto market rally, many investors are looking for affordable tokens that have the potential to gain 10x in value in the coming year. Here, we will discuss three tokens below $1 that have caught the attention of the crypto community for their potential for significant gains in 2023: Shiba Inu (SHIB), RenQ Finance (RENQ), and Cardano (ADA). Shiba Inu (SHIB) Shiba Inu is a meme-based cryptocurrency that has been gaining popularity due to its low price and potential for significant gains. It was created as an alternative to Dogecoin (DOGE) and has quickly become one of the top cryptocurrencies in terms of market cap. SHIB has seen a surge in price in recent months, and many investors believe that it has the potential to reach 10x its current value in 2023. One of the factors driving the growth of SHIB is its growing community. SHIB has a strong social media presence, with a large number of followers on platforms like Twitter and Reddit. Its strong community has hel...

A report from the data analytic firm Nansen Research has captured the behavior of early whales on zkSync, a Layer 2 scaling solution for Ethereum that uses zero-knowledge proofs to achieve high throughput and low fees. According to the report, these early adopters have an average of 32% of their holdings on zkSync, indicating a significant amount of idle capital on the platform. The holdings mainly comprise spot Ethereum token (ETH), stablecoin USDC, and a distant third of MUTE, a new privacy-focused cryptocurrency. What are early @zksync whales doing on-chain? Top 25 early whale bridgers to zkSync Era have an average of 32% of their total holdings on zkSync These holdings comprise spot ETH, USDC, and a distant 3rd of MUTE, signaling lots of idle capital sitting on zkSync pic.twitter.com/tv8KJM2WVS — Nansen Research (@nansen_research) April 28, 2023 The report further highlights that most of their activity on zkSync is concentrated around decentralized exchanges...

What is an NFT, and how does it work? Imagine owning a one-of-a-kind piece of digital art or a rare collectible that no one else has. This is where non-fungible tokens (NFTs) come into play. An NFT is a digital asset that represents ownership of a unique item, like a digital artwork or a collectible card. Unlike cryptocurrencies such as Bitcoin or Ethereum, NFTs cannot be exchanged one-to-one, making them non-fungible. The value of each NFT differs based on rarity, demand, and the creator’s reputation. NFTs use blockchain technology, ensuring the assets’ provenance and ownership. By purchasing an NFT, you receive a certificate of authenticity that proves ownership, though the digital file can be replicated. This certificate is stored on the blockchain, making it nearly impossible to forge or tamper with. Additionally, NFTs enable creators to receive royalties every time their work is resold, ensuring that they continue to benefit from the value of their creations. Th...

The PulseChain community has been eagerly waiting for the release of the network’s mainnet. The L2 solution is set to be an Ethereum hard fork. The blockchain would stick to the Proof of Stake [PoS] consensus mechanism. The network intends to provide affordable gas fees relative to Ethereum. Richard Heart, the founder of Hex, took to Twitter to share an update on Thursday, April 27. He said that “withdrawals are coming to testnet v4!” Like Ethereum, even PulseChain’s withdrawal upgrade is dubbed Shanghai. Heart hinted that the testnet withdrawals could go live “probably tomorrow.” Really great https://t.co/tyQE8i95UP news. Withdrawals are coming to testnet v4! (Shanghai upgrade.) Probably tomorrow. — Richard Heart (@RichardHeartWin) April 27, 2023 One Step Closer to the PulseChain Mainnet Launch PulseChain launched its V3 testnet last month, in March. At that time, he hinted that the mainnet may launch “any time now.” However, he did not mention any tentative release ...

The Web3 security firm urges the rogue developer to return 80% of the stolen funds and offers 20% as a white hat bounty. Blockchain security firm CertiK is launching a compensation plan with Ethereum layer-2 scaling platform zkSync Era to cover the $2 million lost during a public sale of Decentralized Exchange Merlin’s MAGE token. In a statement to Cointelegraph on April 26, CertiK reiterated it is investigating the exit scam and has also enlisted the remaining Merlin team to initiate the compensation plan. It said: “Initial investigations indicate that the rogue developers are based in Europe, and CertiK will collaborate with law enforcement authorities to track them down if direct negotiation is unsuccessful.” The Blockchain security company is urging the rogue developer to return 80% of the stolen funds, conceding 20% as a white hat bounty. The firm also pointed out that private key privileges are “committed to assisting impacted users” despite them being outside the scope of a s...

Shiba Inu is trading in the indices with four ‘zeroes’ and is struggling to delete a ‘zero’ in the last 18 months. SHIB knocked out a ‘zero’ in October 2021 where it spiked 1,000% in 3 days reaching an all-time high of $0.00008616. The token is unable to repeat its phenomenal rally and is either dipping or trading sideways this year. The price stagnancy is testing the patience of investors who see little to no growth in their portfolios. The shine that SHIB carried has faded but that isn’t stopping many investors from buying the token. A handful of investors are making use of the dips and accumulating more tokens in the hopes of it deleting a ‘zero’ sooner or later. Also Read: Shiba Inu: AI Predicts SHIB Price For May 1, 2023 Source: Coingecko In this article, we will discuss how much money could you make if Shiba Inu deletes a ‘zero’ when you buy $1,000 worth of SHIB at its current price. Shiba Inu: If You Invest $1,000 & SHIB Deletes a Zero, How Much Could You Mak...

Javier Milei, a presidential candidate for the next election in Argentina, has presented a dollarization plan to fix the economy of the country if elected. The proposal, which has supporters and detractors, would aim to solve the historic devaluation of the Argentine peso and the 100%+ interannual inflation that Argentina registered in March. Dollarization Surges as Option to ‘Fix’ Argentine Economy Argentine economists and the population are debating dollarization as a possible solution to the devaluation and inflation problems the country is currently facing. The proposal, presented by Javier Milei, one of the strongest contenders in the next October presidential election according to several polls, includes the abandonment of the Argentine peso as a fiat currency, and the conversion of all deposits and reserves of the central and private banks to U.S. dollars. According to Milei, this would be one of the more feasible solutions to the myriad problems the national econo...

ETH Price Prediction: The increasing broader market sell-off and the recent fake breakout from $2000 psychological market caused a significant correction in Ethereum price. In the last ten days, the ETH price lost 15% as it plunged from a $2138 high to the current price of 1822. With no major sign of price reversal, this altcoin is likely to prolong its downfall to a lower level this week  advertisement Key Points:  The Ethereum price correction to 50% FIB level will still be considered a healthy and higher probability for buyers to resume the prior uptrend. The 100-and-200-day EMAs wavering near 50% FIB at $1700 create a strong accumulation zone. The intraday trading volume in Ether is $8.1 Billion, indicating a 1.58% gain. Source- Tradingview A V-top reversal in Ethereum’s daily time frame chart indicates aggressive selling pressure in the market. Amid this correction, the coin price also breached 26.3% Fibonacci retracement ind...

Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments. Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments. Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a new cryptocurrency-related project developed by the firm. Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments, Sheffield noted. We have an ambitious crypto product roadmap @ Visa and just opened a few reqs for senior software engineers to help us drive mainstream Adoption of public blockchain networks and Stablecoin payments . https://t.co/UQRJNcOJtB — Cuy Sheffield (@cuysheffield) April 24, 2023 According to a Visa job posting published on April 20, the company’s crypto division is building the “next generation of products” to facilitate the digital comme...

Bitcoin Price Analysis : Amid the recent sell-off in the crypto market, the Bitcoin price failed to sustain above the recently reclaimed $30000 psychological level. As a result, the coin price falling for three consecutive days has registered an 8% drop and plunged to the current price of $28065. Moreover, this recent downfall also breached a support trendline of a rising channel pattern, indicating a higher possibility of a significant correction.  advertisement Key Points Multiple technical support concentrate near the $27000 creates a strong accumulation zone A Breakdown below $27000 will put Bitcoin price under 7.3% downside risk The intraday trading volume in Bitcoin is $21.5 Billion, indicating a 7% gain Source- Tradingview Over the last four weeks, the Bitcoin price witnessed a sustained recovery under the influence of a rising channel pattern. The buyers have been using this dynamic support as stepping stones to reclaim...