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Ben Armstrong, the famous crypto investor and host of the YouTube channel BitBoy Crypto, has criticized the senior US Senator Elizabeth Warren over her role in the crypto industry. Armstrong accuses Warren of perpetrating significant corruption against the cryptocurrency industry. In a video uploaded on YouTube, Armstrong described Warren as one of the most corrupt politicians to step foot in Washington. According to Armstrong, Warren portrays a misleading facade. One that deceives many people, especially those thinking she is working for the benefit of the crypto industry. Citing several irregularities, Armstrong insists Warren is corrupt and does all she can to destroy the crypto industry. Her entire career is a warpath of half-truths and covered-up lies, and it’s time we put this to bed once and for all. SAID ARMSTRONG. Armstrong cited an instance when Warren colluded with the US Securities and Exchange Commission (SEC) Chair, Gary Gensler, and sent a list of ques...

According to a report by Grand View Research, crypto -based blockchain gaming will reach a market cap of $301.53 billion by 2030. The report stated that asset ownership, transparency, and gaming monetization will significantly affect the industry’s growth. These aspects of blockchain gaming will propel the sector to a CAGR (compound annual growth rate) of 68.3% from 2023 to 2030. Moreover, there will be more incentives to lure gamers toward the new crypto-based blockchain gaming industry. The gaming metaverse is one such example. According to other claims, the Covid-19 pandemic increased demand for this experience. Consequently, it made integrating metaverse features into the blockchain gaming industry easier. Gaming is one of the fastest-growing industries in the world. Even during the crypto market crash of 2022, blockchain gaming was one of the least affected sectors. This is most likely because most people indulge in gaming for leisure and not for profit making. Hence, many ...

Following its continued ascension amid the recent popularity of AI, Nvidia has surpassed $1 trillion in market capitalization. Subsequently, the company now represents the first chipmaker to ever achieve the feat, with its stock currently exceeding $400 a share.  The California-based company has joined a host of tech giants to surpass the market cap figure. Specifically, those include iconic brands like Microsoft, Alphabet, Amazon, and Apple. However, its increase has come from a 165% rally this year. JUST IN: Nvidia $NVDA surpasses a $1 trillion market capitalization. — Watcher.Guru (@WatcherGuru) May 30, 2023 Nvidia Reaches $1 Trillion Market Cap The rising prevalence of artificial intelligence and generative AI has been the story of the year thus far. Following the viral sensation of companies like OpenAI and its chatbot ChatGPT, the tech industry has seen its next great evolution.  Now, chipmaker Nvidia has ridden that wave to surpass the $1 trillion mark in ...

Join Our Telegram channel to stay up to date on breaking news coverage Americans may not be overly enthusiastic about cryptocurrencies like Bitcoin, but there are some notable brands in North America that are embracing the digital assets industry.   Brands Embrace Digital Assets While Americans Remain Unenthusiastic The Axios Harris Poll 100, a reputation ranking survey conducted by Axios and Harris Poll, provides insights into the public perception of various brands in the United States. While crypto-native brands like FTX and Bitcoin fared poorly in the poll, other popular American brands have shown openness towards Web3 and crypto. Patagonia, an outdoor gear maker, emerged as the top brand in the survey, while the Trump Organization found itself at the bottom of the list. Decrypt, a reputable news source, analyzed the 2023 poll results to determine where leading American brands stand on crypto and Web3.   FTX barely edged out the Trump Organization to secure the 99th spot,...

Join Our Telegram channel to stay up to date on breaking news coverage Crypto venture capital firm Paradigm is expanding its focus beyond blockchain to include a broader range of hot new technologies such as artificial intelligence (AI), according to sources familiar with the matter. The company, known for its active role in the crypto space, has subtly updated its website to describe itself as a “research-driven technology investment firm” rather than solely investing in disruptive crypto and web3 companies. The recent website revision, which went live around May 3, removes references to web3 and blockchains and no longer includes the line stating that crypto will define the next few decades. However, this change does not indicate a departure from crypto but rather highlights Paradigm’s involvement in adjacent areas. While Paradigm’s portfolio still Features numerous firms associated with crypto, decentralized finance, and NFTs, the company’s man...

After a significant rally, PEPE, the newly launched meme coin made an extensive retracement. PEPE is trending sideways in a triangle that Crypto Tony, a Crypto Twitter analyst, believes would determine PEPE’s next direction. In a tweet, Tony told his followers he was waiting for a break from a triangle before re-entering the trade. $PEPE / $USD – Update Still waiting for that break of this triangle, before i look to enter again. What way do you think we break PEPE legends pic.twitter.com/cpgXUxirnu — Crypto Tony (@CryptoTony__) May 27, 2023 PEPE launched in the middle of April 2023 and generated significant interest one week afterward. With massive awareness and listing on top exchanges, PEPE attracted an influx of capital that caused its price to rally. PEPE gained over 2,000% of its original value within two weeks to become one of the most profitable crypto assets for 2023. The rise also introduced PEPE into the class of top meme coins in the crypto ...

Inflation concerns and the U.S. debt standoff cast a long shadow over Bitcoin’s dwindling bullish prospects. A bearish technical formation has driven down the total crypto market capitalization over the past seven weeks. Bitcoin’s (BTC) 2% decline — and a 1.7% and 2.5% decline from BNB (BNB) and XRP (XRP), respectively — were the main drivers of the most recent 1.3% correction between May 18 and May 25. Total crypto market cap in dollars, 12-hour. Source: TradingView The descending wedge formation initiated in April indicates a possible breakout near $1 trillion by late July. For bulls, the bearish structure that drove the total capitalization to $1.11 trillion on May 25 means that an eventual break to the upside would require extra effort. Bitcoin and Ether falter due to weak macroeconomic data Sticky inflation continues to worry investors, who price in higher odds of further interest rate increases by the United States Federal Reserve. The country’s latest personal consumption e...

Of the total $1.8 billion in total-value-locked (TVL) of Multichain, the Fantom blockchain remains the most impacted with 36.7%. As of now, the total assets on the Fantom blockchain are $1.66 billion and nearly 40% of these assets have been wrapped on Multichain. advertisement As we know, Multi chain is one of the largest block chain bridges in the crypto space. Thus, it facilitates the swapping of tokens across multiple block chain s. Top platforms such as Binance Chain, Polygon, Avalanche, and Ethereum have been using the Multi chain bridge. Multi chain is also the official cross- chain bridge for the Fantom, a block chain supporting smart contracts and powered by native FTM tokens. Crypto journalist Colin Wu notes: “the main stablecoin on Fantom is 191 million, USDC and 82 million USDT assets are basically issued by Multi chain ”. Fantom Operating As Normal As the concerns over the Multi chain crisis spread across the crypto mark...

May 25, 2023 at 08:49 // Price Author Coin Idol Cardano (ADA) is still below the moving average lines. Cardano price long-term forecasts: bearish Since the price decline on May 8, the cryptocurrency has consistently traded above the $0.35 support. The upward correction has been stopped twice at the 21-day line SMA, indicating further downward movement in the cryptocurrency. ADA is trading at $0.365 at the time of writing. Selling pressure on Cardano will increase once $0.35 support is breached and downward momentum continues. The current support has not b...

A trader who is known for correctly calling the bottom of the crypto market in 2022 says that now “seems like a great time” for the market to turn around. Chris Burniske, a venture capitalist, tells his 260,100 Twitter fans that there are a lot of things going for Bitcoin (BTC) and other crypto currencies. “BTC at [200-week simple moving average], worst of Fed action is behind us, credit crunch is there but not a crisis, US gov unlikely to default, equities rallying while crypto lags — seems like a prime time for us to reverse — what am I missing?” Burniske also says that it looks like “a new product cycle” is about to start in the crypto world. “The availability of mature infrastructure for products to use is leaps and bounds beyond the last time this happened w/ DeFi (decentralized finance) Summer in 2020. If you’re not getting excited, you’re not paying close enough attention.” The venture investor is especially excited ...

The International Monetary Fund projects 2.2% GDP growth and manageable debt, but warns of liquidity risks. The Central African Re public (CAR) has received optimism from the International Monetary Fund (IMF) one year since it adopt ed Bitcoin (BTC). The IMF’s positive outlook reflects the country’s economic prospects and the impact of embracing the leading cryptocurrency. The IMF published a report expressing a more positive view of the country’s economic prospects for 2023. The report indicates a projected rebound in real gross domestic product (GDP) growth to 2.2%, attributed to factors such as the base effect and policy adjustments leading to enhanced fuel supply. The IMF also anticipates an average inflation rate of 6.3% for 2023. According to the IMF document, the projected public debt of the CAR is expected to remain sustainable. However, the report highlights the presence of significant liquidity risks, as indicated by relevant debt indicators. These risks arise from poten...

It may be a name that is unfamiliar to you, but it remains among the most well-known in the finance sector. Michael Burry is a stock market expert who rose to prominence for his part in the mortgage crisis that hit the US in 2008. Respected by many in the finance sphere, let’s take a look at who Michael Burry is and what his net worth is.  A man who has been a finance expert and the subject of a major motion picture, there is no shortage of intrigue in the life and character of Michael Burry . Yet, let’s uncover how this has translated to his investment portfolio and his approach throughout his investment career. Who is Michael Burry? Source: Investopedia For those who are unaware of his name, Michael Burry is an investor and asset manager who rose in relevance due to the 2007 mortgage crisis. Specifically, Burry was known as the man who predicted the development. Leading to his starring portrayal in “The Big Short,” but more on that later.  Burry was born in San Jose, Cal...

Rep. Yun Jae-ok, the floor leader of PP made the remarks to reporters. He asked for preponing the en force ment of crypto rules currently scheduled for December. Representative Jae-ok added that the current timeline is too late and the bill shall be revised for an additional clause moving up the en force ment. advertisement On Monday, May 22, the lawmakers passed the revision to the Public Service Ethics Act via a parliamentary subcommittee. As reported by local news publication Yonhap News, Yun Jae-ok asked a leader of the Public Administration Committee to propose a modified version. The representative said: “Given the current high level of public interest, especially regarding lawmakers, it’s not appropriate to en force the law six months later after the promulgation”. Crypto Laws to Force Lawmakers to Declare Their Holdings The bill also asks lawmakers and other government officials to report cryptocurrencies in their annual asset dis...