Play to Earn Crypto on the Rise – AXS up by 30%, GODS by 20%

The crypto market is up right now – with the biggest crypto gainers being Gods Unchained and Axie Infinity. Apecoin and Lucky Block are also moving strongly upwards as Bitcoin has pumped to $32,200, and Ethereum is now $2,000. The entire crypto market is green, but the P2E coins stand out. Play to Earn Coins …

Madonna now owns an APE NFT

Right after collaborating with Beeple for her nude NFT collection, Madonna tweeted that she has finally made it to the metaverse with her Bored Ape NFT. Dappradar, the data acquisition and analysis company, says that BAYC #4988 is a customized NFT that went through fiat on-ramp payments provider Moonpay. Moonpay makes it easy for celebrities …

5 Best Penny Crypto Coins for Big Profits May 2022

As the crypto market recovers from its bearish run, penny cryptos are finally on the radar of investors looking for low-risk assets to buy. In this roundup, we explore the best penny crypto coins for big profits. 1. Lucky Block (LBLOCK) Our top choice for the best penny crypto coins for big profits is Lucky …

Dogecoin (DOGE) Co-Creator Issues Crypto Winter Warning As Bitcoin Rises Above $30,000

The co-creator of popular meme crypto asset Dogecoin (DOGE) is reportedly issuing a warning that crypto has not yet reached the stage of hibernation despite the massive devaluation across all assets in the space. According to a new report by Australian media outlet Crikey News, Jackson Palmer, who along with Billy Markus developed Dogecoin in …

Singapore to explore digital asset tokenization on public chains

The Monetary Authority of Singapore (MAS) has launched Project Guardian, a blockchain-based digital assets trial that will use tokenization. The project will include regulated financial institutions serving as “trust anchors,” with a pilot involving JP Morgan, DBS Bank and Marketnode, the SGX joint venture for bonds. The Project Guardian initiative, which was announced during the …

India cooperates with IMF on crypto consultation paper

The Department of Economic Affairs of India is finalizing a consultation paper on crypto currencies, which then will be handed over to the federal government. The implementation of the document could bring the country of 14 billion people closer to the international regulatory consensus on digital assets.  On Monday, May 30, during an event hosted …

Philippines to explore blockchain use cases, launches training program

The Philippine government has started its exploration of blockchain technology use cases, launching a training program for researchers in the government’s Department of Science and Technology (DOST).  Enrico Paringit, a DOST official, reportedly said that the goal of the training is to see how blockchain can play a role in areas like healthcare, financial support …

Bitcoin faces ‘uphill battle’ despite BTC price gaining 35% from $23.8K bottom

Bitcoin (BTC) put in fresh gains overnight into May 31 as the monthly close looked set to seal losses of around 15%. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Asks stack up above $33,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating once more after a fresh burst took it to $32,200 on Bitstamp. …

Ethereum Inches One Step Closer To Proof-of-Stake With Upcoming Ropsten Merge

The Ropsten beacon chain launched today, setting the stage for a merge. Ethereum beacon chain set to emerge with the Ropsten testnet on June 8. Ethereum’s move towards proof-of-stake looks all in order as investors anticipate the big transition. The Ethereum beacon chain is set to merge with the Ropsten testnet, one of Ethereum’s earliest …

The Bitcoin Lightning Network capacity has set an all-time high of 3,915 BTC

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! According to statistics from Bitcoin Visuals, the Bitcoin Lightning Network capacity has hit an all-time high of 3915.776 BTC ($113 million), proving the popularity of the Layer 2 scaling solution for Bitcoin. The capacity of the Bitcoin Lightning Network has reached …

Qatar hosts the first metaverse FIFA gaming tournament

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Qatar is hosting the Middle East’s first metaverse FIFA gaming tournament to let fans across the globe see the top FIFA players compete for the EA Sports FIFA 22 Champions Cup. The competition will occur at the Aspire Ladies Sports Hall …

Ethereum’s merge could help save DeFi TVL, Bloomberg reports

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! DeFi investors are hoping that Ethereum’s Merge will pull the crypto market out of its current bear market, according to a Bloomberg report. Data from DeFiLlama shows the total value of assets locked in the space has touched new lows. According …

Turkey Drafting Crypto Bill to Submit to Parliament in Coming Weeks: Report

Turkey is reportedly drafting crypto legislation to be submitted to parliament in the coming weeks. The bill may also impose taxes on some crypto transactions. New Turkish Crypto Legislation Underway Turkey is drafting a bill to establish new rules for the crypto industry, Bloomberg reported last week, citing two unnamed Turkish officials familiar with the …

Report: Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low

After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic challenges. Pound Depreciation In a sign that Lebanon’s ongoing economic crisis is worsening, the black market exchange rate of the Lebanese …

Undervalued Metaverse Project Mars4 Is Preparing for New Releases

sponsored In the crypto industry, investors are always on the search for undervalued projects that have the greatest potential for increasing early investors’ returns. Finding these hidden gem initiatives just before noteworthy launches is an easy way to profit. Mars4 is one of these projects to keep an eye on, as the team behind it …

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