Memecoins Surge, Outperforming Bitcoin: Top 5 Memecoins By Market Cap

Over the past week, memecoins have outshined Bitcoin, recording over 25% growth as a category.  Memecoins have outperformed $BTC in the past 7 days, gaining over 25% growth as a category. Let’s dig into the top 5 memes by market cap. 👇 pic.twitter.com/bxstXHZ483 — Cointelegraph (@Cointelegraph) May 27, 2024 Here’s a look at the top … Read more

SUI Launches Global Hackathon As TVL Surpasses $1 Billion

SUI has kicked off its first-ever global Hackathon, a move that’s poised to positively impact both its price and the projects within its ecosystem. Historically, blockchain incentives like these tend to boost market sentiment and project development, and SUI appears to be following this trend. #SUI has launched their first Hackathon, globally! Every time a … Read more

Bank of Israel Launches Digital Shekel Challenge

The Bank of Israel has announced the Digital Shekel Challenge, inviting various entities — private companies, public sector organizations, and academic institutions — to participate in the digital shekel’s experimental environment. The initiative aims to foster the development of innovative payment solutions using the digital shekel, leveraging its Application Programming Interfaces (APIs). Participants are expected … Read more

South African Central Bank Opts Against Publishing CBDC Study Findings

The South African Reserve Bank has reportedly decided not to unveil the findings of the initial phase of its central bank digital currency feasibility study. Instead, the central bank said it is currently focused on the second phase of the study and will release a report once it is satisfied with the progress made in … Read more

US Jury Convicts Two in $8M Crypto-Linked Dark Web Drug Scheme

A federal jury in Salt Lake City convicted Oluwole Adegboruwa and Enrique Isong, foreign nationals, of multiple drug-related charges. From 2016 to 2019, they generated over $8 million in cryptocurrency, including bitcoin and ethereum. Adegboruwa operated under the names “King Odua” and “Alagbada726,” converting cryptocurrencies to traditional currency. Sentencing is scheduled for August. The jury … Read more

Ripio CEO: Brazilian Companies Are Paying Chinese Suppliers With Cryptocurrency

Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways and that Argentine companies are using cryptocurrency to protect from crippling inflation numbers. Ripio CEO Sebastian Serrano: … Read more

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