Coinspeaker Tether Inks Bitcoin and Stablecoins MOU Deal with RAK DAO Tether Operations Limited said it signed a Memorandum of Understanding (MOU) deal with RAK Digital Assets Oasis (RAK DAO). As a result of this deal, the companies aim to strengthen the adoption of Bitcoin technology and stablecoins in Ras Al Khaimah (RAK), the northernmost emirate in the United Arab Emirates. Crypto Adoption to Increase in RAK According to the announcement, Tether will collaborate with RAK DAO to promote crypto payment usage in the region and develop blockchain-focused educational initiatives. RAK DAO is at ..read more

Coinspeaker Bitcoin Hashrate Dips Post-Halving, Here’s Why Bitcoin hashrate witnessed an over two-month low of 575 exahash per second (EH/s) on May 10. That is according to data from blockchain.com. Although it has now made a slight recovery to around 586 EH/s, the dropping hashrate remains evident, begging the question of why. Considering the halving that took place last month, expectations were that the hashrate will surge. However, that is proving not to be the case, at least, for the time being. The Bitcoin network’s hash rate has dwindled since the halving event, and from the look of thin ..read more

Coinspeaker Tornado Cash Developer Sentenced to 64 Months for Laundering $1.2B The Dutch court has handed down a significant sentence to Alexey Pertsev, one of the developers behind the creation of Tornado Cash, a crypto mixer platform. Pertsev has been sentenced to 64 months in prison, equivalent to five years and four months, for his involvement in aiding criminals launder $1.2 billion through the platform. Lawyers representing Pertsev have up to 14 days to counter the court’s decision and plead for a reduced sentence. However, in the absence of the appeal, the 31-year-old Russian national w ..read more

Coinspeaker Dan Tapiero Sees Bitcoin (BTC) to $90K: It’s Starting to Look ‘Scary Bullish’ Dan Tapiero, the founder and CEO of 10T Holdings projects that Bitcoin (BTC) could see its price climb to $90,000 soon. Tapiero’s bullish forecast on Bitcoin coincides with the recent recovery of the cryptocurrency. Tapiero Goes Big on Bitcoin “Starting to look scary bullish for Bitcoin,” stated Tapiero in a post on social media X. In a bold prediction, the CEO says Bitcoin will first break to $65,000, then go right to $90,000 before moving further in the current bullish cycle. From a technical perspectiv ..read more

Coinspeaker Zeta Markets Raises $5M to Build First DeFi Layer 2 on Solana Zeta Markets, a decentralized perpetual trading platform on Solana, has announced that it has secured $5 million in a funding round led by Electric Capital, a venture firm focused on digital assets. With this investment in place, Zeta has raised a total of $13.5 million to date. The Solana-based decentralized exchange (DEX), launched in 2021, has been at the forefront of providing a user-friendly experience for its users. It has been able to establish itself as a major force within the Solana perpetual contract DEX ecosy ..read more

Coinspeaker Bitcoin Rally Falters as Retail Investors Stay on Sidelines Bitcoin, the le­ading cryptocurrency, has achie­ved a remarkable fe­at in the first quarter of 2024, reaching its new all-time high of $73,750. However, a curious tre­nd has emerged: de­spite this surge, retail inve­stors, who were the driving force­ behind the 2021 crypto boom, are large­ly remaining on the sideline­s. This muted response from retail trade­rs stands in stark contrast to the previous bull run. In 2021, a combination of factors, including COVID-driven lockdowns, re­adily available cheap money, and a surge ..read more

Coinspeaker CoinDCX Transforms Okto Wallet into Comprehensive Web3 Platform CoinDCX, a leading cryptocurrency exchange in India, has announced the expansion of its decentralized finance (DeFi) wallet service Okto Wallet into a streamlined Web3 platform for all things crypto. The company has transformed the Okto Wallet into a comprehensive ecosystem featuring a native blockchain, a points program, and a utility token that will power all activities within the network. According to reports citing a shared press release, the upcoming blockchain, known as the Okto Chain, will serve as a public prot ..read more

Coinspeaker Hash Power Marketplace NiceHash to Host Slovenia’s First Bitcoin Conference With the crypto market gaining massive recognition across several markets worldwide, NiceHash, a digital asset marketplace for buying and selling hash power for mining cryptocurrencies, is hosting Slovenia’s first Bitcoin-focused conference. According to a press release shared with Coinspeaker, the event, titled NiceHashX, will be held in Maribor, one of the most beautiful cities in the country, nestled amid wine-region hills on the Drava River. The event is scheduled for November 8 and 9, 2024. Celebrating ..read more

Coinspeaker Binance Futures to Remove XRP and TUSD as Margin Assets, Converting to USDT Binance Futures, a division of Binance, a leading crypto exchange platform, has declared that it will cease to support XRP and TUSD as margin assets. This latest development is slated to take effect on May 28, 2024, at 06:00 UTC. In a swift action by the exchange company, it has already set the transfer-in-limit for the two cryptocurrencies to zero as of 06:00 UTC today, which is a means of preventing users of the platform from depositing the digital assets into their USDⓈ-M Futures wallets for margin tradi ..read more

Coinspeaker Roaring Kitty Resurfaces on Social Media, Returns with Cryptic Messages Keith Gill, more popularly known as “Roaring Kitty” or “DeepFuckingValue”, made an unexpected return to Twitter on Sunday. The widely celebrated return follows a hiatus that lasted nearly three years, leaving his followers beaming with anticipation and speculation about his whereabouts or what his next crypto moves would be. Who Is Roaring Kitty? Gill rose to prominence in 2021 as one of the key figures behind the GameStop stock buzz. His bold investment calls, which he shared on Reddit’s WallStreetBets forum ..read more