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Crypto News: Another Day, Another Dollar. And as the price of bitcoin (BTC) soared 15%, the US-led war on crypto took a sinister turn.

Former Coinbase CTO Balaji Srinivasan warned that big tech companies could assist law enforcement organizations if G7 countries allow crypto seizures.

Srinivasans warning statement It comes while the G7 countries and China are discussing the potential implications of gaining the right to seize digital assets.

According to Srinivasan, there is a potential risk that companies such as Apple, Google and Microsoft could scan digital devices and hand over private keys on the orders of the government.

They said:

The fact that Apple has software updates and Google can get into your Google Drive and Microsoft has Windows; And if ordered by the state, in theory, they could scan your hard drive for private keys and then pull your digital assets.

If the end of crypto is near (as some would like to believe), traditional finance didnt get the memo.

In a strange turn of events, it appears that cryptocurrencies are slowly being adopted and shaped by the very companies they sought to challenge.

The biggest event of the week came when BlackRock, the worlds largest asset manager, announced it was applying for a bitcoin spot exchange-traded fund (ETF), prompting a flood of applications from other contenders.

Of course, weve been here before. Several crypto bogeymen have tried, and failed, to gain approval from the Securities and Exchange Commission (SEC). So whats different this time?

Well, BlackRock boasts an impressive track record of securing SEC approval for its ETFs. Of the 576 ETFs BlackRock has filed with the SEC, only one has been rejected.

and to increase its chances of success, it has done agreement A monitoring-sharing agreement with Nasdaq. The goal is to share information about trading, clearing and customer identification.

This reflects a thoughtful approach to tackling regulatory hurdles and ensuring approval of the application. And it marks a significant step forward in bridging the gap between Wall Street and blockchain.

It was a bumper week for Pepe the Frog as the PEPE meme coin made headlines again, surging 71% during the week. Stax (STX) and Conflux (CFX) posted impressive gains of 46% and 40%, respectively.

Meanwhile, an analyst at JP Morgan suggested that Ethereum is neither a security nor a commodity. They say it should be regulated as an alternative asset to strike a middle ground between the commodity and security regulatory regimes.

Nikolaos Panigartzgolou argues that the uncertainty surrounding ETH has prevented the Securities and Exchange Commission (SEC) from including it in the list of crypto assets that it considers securities.

But opinion is divided. Senators Cynthia Loomis and Kirsten Gillibrand suggest that ETH is a commodity and should be registered with the US Commodity Futures Trading Commission instead of the SEC.

Bitcoin bull Michael Saylor argues that Ethereums initial coin offering, management team and hard fork prove its volatility. And these naturally disqualify it from being a commodity.

This weeks Bad Taste award goes to crypto degens who are betting on the fate of the missing crew while diving into the wreck of the Titanic.

But, while we now know that all souls on board were lost, polymarket was hosting a betting pool, with users placing bets on whether or not the Oceangate ship would be found by June 23.

But, the growing popularity of crypto betting on real events has raised serious ethical questions. Especially the ones involving real people.

While gambling has historically been a part of many different businesses including sports, it is impossible to ignore the ethical implications of betting on outcomes that can be tragic.

All information contained on our website is published in good faith and for general information purposes only. Any action taken by the reader on the information found on our website is entirely at the readers own risk.

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This Week in Crypto: Bitcoin on the Moon, What Exactly Is Ethereum ... - CryptoSaurus

Sometimes meme coins are more than just plain old fun. Dogecoin marked the beginning of a significant era, one where cryptocurrency became associated with popular symbols and business icons such as Elon Musk.

Fast forward 10 years and hundreds of copycats are trying to imitate the success of Dogecoin and Shiba Inu. Few meme coins manage to distinguish themselves from the rest. If you look at the top 50 cryptocurrencies by market cap according to CoinMarketCap, you will find only 2 meme coins Dogecoin and Shiba Inu.

But things are changing; Meme coins are now being slowly developed into monetizable ecosystems where investors can put their money and hope to see a return based on the products of the meme coin, such as NFTs, crypto casinos, metaverse products, and much more. Now that meme season is officially in, read this article to learn about 3 of the best meme coins of 2023: Big Eyes Coin, Dogecoin, and Pepe Coin.

One of the new meme coins, Big Eyes Coin is in the 14th stage of its presale and has come a long way raising more than $43 million. Few meme coins attain this level of funding, priming the cat-friendly cryptocurrency to become a huge ICO.

As Big Eyes Coin approaches the end of its presale on the 3rd of June, the token price has been revised to its stage 3 price, giving a massive discount before it is launched on crypto exchanges for trading.

Created in 2013, Dogecoin is based on a popular meme coin of a Shiba Inu dog. The meme coin was developed from Litecoin and has the same features as the Dogecoin brand and a large inflationary supply. Despite its status as a joke, Dogecoin rose in popularity, gaining major traction, and is now the largest meme coin by market capitalization.

Since its creation, Dogecoin has inspired the advent of many dog-themed meme coins, some of which include Shiba Inu, Floki Inu, Tamadoge, and Baby DogeCoin.

Launched on the 16th of April, 2023, Pepe Coin is based on Matt Furies popular cartoon titled Pepe The Frog. 1 month later, Pepe Coin is now a meme-coin success. With hundreds of millions of dollars in market cap, Pepe Coin still does not have any clear utility but still remains popular among crypto enthusiasts because of its strong association with meme culture.

Big Eyes Coins presale is finally coming to a close on the 3rd of June. Now that youve read about the best meme coins of 2023, make sure to buy yourself some $BIG. Use the current stage 3 price to leverage a massive discount for yourself, earning some more profit in the process.

Please note that this article is not investment advice and should be viewed as a guide for connecting crypto communities to relevant information.

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Instagram: https://www.instagram.com/BigEyesCoin/

Twitter: https://twitter.com/BigEyesCoin

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Looking For The Best Meme Coins Of 2023? Try $BIG, DOGE, PEPE - Analytics Insight

In the Web3 landscape, memecoins have emerged as a captivating phenomenon, as demonstrated by the remarkable combined market cap of USD 15 billion for both Dogecoin and the Shiba Inu coin. Among these, Pepecoin recently took the world by storm, with a trader reaping an astonishing 5,000,000% profit from an initial investment of just USD 263.

In this article, well be exploring the factors that fuel the substantial growth of these coins and highlight the potential positive impacts they can have.

Memecoins, as implied in the name, are created based on a meme, which is a shared cultural reference that captures a moment that is instantly recognizable and can connect different parts of the world.

The very first meme coin was Dogecoin, inspired by the meme of a Shiba Inu dog that was popularized due to its two-word phrases like much wow or so scare. Software engineers Billy Markus and Jackson Palmer created it as a joke to make fun of Bitcoin and other cryptocurrencies back in 2013.

This memecoin started gaining momentum in May 2021 when it caught the attention of users on the SatoshiStreetBets subreddit. Inspired by the GameStop short squeeze, these users rallied together to drive up the price of Dogecoin, aiming to capitalize on its upward trajectory and maximize their potential profits. Tesla CEO Elon Musk created even more hype after he tweeted that Dogecoin is the peoples crypto. Even though this cryptocurrency is hyperinflationary with an uncapped supply, it achieved a market cap of USD 73 billion.

The success of Dogecoin resulted in an onslaught of dog-themed memecoins that jumped on the hype bandwagon, including Shiba Inu Coin, Floki Inu, Dogelon Mars, and Baby Dogecoin.

Memecoins do not have much inherent value compared to other cryptocurrencies like Bitcoin and Ethereum, and the price surges are primarily driven by the passionate communities behind them.

These communities leverage social media platforms like Reddit or Twitter to generate hype around the coin. The key to success for a memecoin lies in its ability to go viral, with highly engaged communities propelling its popularity.

For example, the hype around Pepecoin started with the founding team and community members known as the PEPE Army posting frog-theme memes on Twitter. This helped to drive awareness of the new token, and as Pepe the Frog was a popular internet meme character, it instantly resonated with meme enthusiasts, attracting a growing number of investors and supporters.

Memecoins that enjoy an explosion in popularity are the ones that catch the eye of influencers and celebrities, which fuels further hype. The endorsement of Dogecoin by prominent figures like Elon Musk and Mark Cuban has significantly contributed to its widespread recognition and added a sense of legitimacy to the cryptocurrency.

Centralized exchanges also have a crucial role in enhancing the accessibility of purchasing memecoins. Initially, Pepecoin traded on the decentralized exchange Uniswap and was limited to the Ethereum network, which has expensive transaction fees. This limited its reach, as average cryptocurrency users may lack the necessary expertise to acquire the token.

Later, the listing of Pepecoin on Binance and other centralized exchanges expanded its reach to a broader investor base. This increased accessibility has led to a surge in demand for the cryptocurrency, subsequently driving up its price even further.

Moreover, certain memecoins employ psychological tricks by setting their prices with multiple decimal places. For example, one SHIB token may be priced at approximately USD 0.000008783, while one PEPE may cost USD 0.000001453.

This creates the impression that the cryptocurrency is very affordable, allowing investors to acquire a substantial number of tokens with a modest capital investment. Investors may be enticed by the notion that if the token were to increase in value to USD 1, they could potentially yield significant profits from their holdings.

Investing in memecoins, which lack intrinsic value other than representing membership in a community, carries significant risk. For example, Pepecoins website stated that the coin is completely useless and for entertainment purposes only.

Without any significant use cases, the price of the token is based purely on speculation. These cryptocurrencies will be, without a doubt, the first to be sold off during bear market conditions due to a lack of fundamentals.

Most of the top memecoins have struggled to retain their value and rely on nothing more than optimistic speculation to generate short-term price surges. For example, when Twitter replaced its logo with an image of the Doge Shiba Inu, this drove up the price of Dogecoin as investors expected the platform to start accepting payments in this memecoin. However, no such development materialized, and the price started to crash after Twitter reverted to its original logo.

Moreover, some of these memecoins could just be scams that prey on unsuspecting investors. They are attracted by the significant profits of early investors, so they are on the lookout for the next Dogecoin or Pepecoin.

Scammers may exploit this situation by generating hype over a token with the intention of performing a rug pull, where they abruptly shut down the project and steal all of the investors funds. One of the more famous examples include the Squid Game Token which capitalized on the popularity of the Netflix drama and made off with an estimated USD 3.3 million.

While memecoins may not be the best investments for conservative investors, they do provide some benefits. Dogecoin, for instance, was initially designed as a fun and friendly internet currency, primarily intended to be a medium of exchange. Operating on its own blockchain, Dogecoin necessitates the creation of a non-custodial wallet to store and transfer funds to other wallets. With a low unit price of around USD 0.07, Dogecoin lowers the entry barrier compared to Bitcoin or Ethereum which are priced at approximately USD 28,000 and USD 1,900 respectively.

New users can take advantage of the friendly Dogecoin community to ask beginner questions, which could foster a sense of belonging and help them become more familiar with navigating the Web3 ecosystem.

Meanwhile, the Shiba Inu token has expanded beyond its utility as a medium of exchange and is looking to develop a full-fledged ecosystem. The ShibaSwap platform allows users to swap tokens, trade non-fungible tokens (NFTs), and stake the platforms BONE token to participate in their Decentralized Autonomous Organization (DAO).

Furthermore, the developers behind SHIB are looking to launch the Shibarium Layer 2 network that is built on top of Ethereum. Additionally, they aim to establish a Shib Metaverse that provides users with a platform for social interaction and engagement.

The verdict for memecoins is still yet to be determined. While they were initially created as a joke, many investors viewed them as a way to get rich quick, resulting in inflated valuations that were difficult to sustain. Nevertheless, there have been significant developments with some of these memecoins that have the potential to reshape their image and transform them into entities with substantial inherent value.

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Navigating the Memecoin Minefield: Unveiling the Psychology ... - KrASIA

From the depths of internet humour to the heights of the crypto market, meme coins have taken the world by storm. These quirky digital currencies, often inspired by viral memes and pop culture references, are capturing the attention and imagination of investors and internet enthusiasts alike.

With their whimsical charm and potential for astronomical gains, meme coins have become the talk of the town, attracting a growing number of followers who are eager to ride the wave of internet culture into the realm of decentralized finance.

In this article, we delve into three fascinating meme coins, exploring their rise in popularity, the impact they have on the crypto landscape, and the wild ride they offer to those brave enough to venture into this playful and unpredictable corner of the market.

Step into the world of FLOKI, the peoples cryptocurrency that merges the power of memes, real utility, and charity. With a vision to make cryptocurrencies mainstream, FLOKI taps into the universal appeal of memes to empower everyone, from the rich to the poor, and contribute to a better world through charitable initiatives.

This cross-chain token operates on both Ethereum and Binance Smart Chain, utilizing a 3% tax to fuel project creation, collaborations, and charitable endeavours. FLOKIs play-to-earn NFT metaverse game offers A-level gaming elements and upgradable NFTs, while their crypto education platform brings DeFi to the people. Join the FLOKI movement and embrace the power of memes, blockchain, and making a positive impact in the world.

Pepe Coin (PEPE), the frog-themed cryptocurrency inspired by an internet meme, has surged in value since its launch, captivating investors and even catching the attention of Elon Musk. However, a report from Santiment warns of potential hurdles, including lower retail participation and liquidity compared to popular meme coins like Dogecoin and Shiba Inu.

The changing dynamics of the crypto market and the collapse of FTX and LUNA exchanges have also impacted investor sentiment. Despite these challenges, Pepes rapid growth and its meme-driven appeal have made it a fascinating addition to the crypto landscape. As the world of digital assets continues to evolve, Pepes fate remains uncertain, influenced by market forces and the whims of crypto enthusiasts.

DogeMiyagi, an upcoming meme coin named after the iconic Karate Kid character, has ambitious plans to dominate the meme coin market. With its Killer Swap Machine decentralized exchange powered by Uniswap, users can easily trade the MIYAGI token and other ERC-20 tokens with a user-friendly interface and instant swaps. The platform also offers a rewarding referral system, where users earn a 10% commission on referral investments.

Additionally, DogeMiyagi aims to stand out with an NFT platform, providing exclusive experiences and features. By adopting a community-centric approach and incorporating a decentralized autonomous organization (DAO), DogeMiyagi empowers participants to influence the projects direction. With its integration with the Ethereum ecosystem, DogeMiyagi seeks to replicate the success of other meme coins by bridging the gap between the meme coin market and a secure, engaged community.

In conclusion, meme coins have captured the attention of crypto enthusiasts worldwide with their viral appeal and potential for rapid gains. The pros include the ability to generate excitement and community engagement, as well as the potential for significant profits.

However, the cons include their inherent volatility, lack of intrinsic value, and susceptibility to price manipulation. Investors should approach meme coins with caution, understanding the risks involved and conducting thorough research before diving into this speculative market.

Learn more about DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

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Meme Coin Explosion with FLOKI, Pepe Coin, and DogeMiyagi - NewsWatch

The first five months of 2023 have been nothing short of exhilarating in the world of cryptocurrencies. After a challenging year in 2022, major digital assets have staged an impressive rebound, revitalizing the market and reigniting investor optimism.

However, amidst this renewed vigor, it is fascinating to observe how the spotlight has also found its way to some lesser-known and more affordable cryptocurrencies.

As we approach June 2023, Finbold conducted a market analysis and hand-picked 5 cryptocurrencies priced below $0.10 that investors should keep an eye on.

Unsurprisingly, Pepe (PEPE), the new meme coin sensation, sits at the top of the list.

Inspired by Pepe the Frog, this crypto token witnessed one of the most impressive price surges on record, with its gains reaching +5,000,000% at one point.

But the meme coin has dropped notably since reaching its peak of $0.00000431 on May 5. At press time, PEPE is changing hands at $0.00000142, down over 11% in the past week and more than 67% from its all-time high.

If you believe PEPE can pull off another meteoric rise, like last month, the current price could be a bargain. Remember, though, it is still a meme coin, meaning its price is mainly influenced by the hype on social media platforms and other online crypto communities.

Another cryptocurrency thats been stealing the headlines in recent days is TRON (TRX). Issued by Justin Suns Tron Foundation, TRX has topped AltRanks list of cryptocurrencies on May 24 which combines an assets social and market activity against the rest of the crypto market.

At the time of writing, TRX is trading at $0.08, up around 0.19% on the day. Over the past week and month, the cryptocurrency gained 9.6% and 17.9%, respectively.

Stellar (XLM) has been among the favorite altcoins among crypto investors for a while now, due to its strong reputation as an established blockchain project.

The blockchain firm has recently forged a significant partnership with MoneyGram and the United Nations High Commissioner for Refugees (UNHCR) to provide financial aid to Ukrainian refugees affected by war through the utilization of Circles USD Coin (USDC).

At the time of publication, XLM was trading at $0.09, up around 0.3% in the past 24 hours. In the past month, the cryptocurrency lost around 6.7% and could be trading at a bargain price given its potential to rise on recent partnership deals.

VeChain (VET) is a blockchain-based platform focused on transparency, traceability, and immutability for supply chain data, enabling businesses to enhance efficiency, reduce counterfeiting, and improve product authenticity.

The projects team announced that their recently-launched VeWorld mobile wallet would become a part of Apples TestFlight program.

At the time of writing, VET was changing hands at $0.02, up 1.86% in the past week. Over the past 30 days, though, the crypto declined more than 11%.

Hedera (HBAR) is popular among crypto investors due to its unique distributed ledger technology known as the Hedera Hashgraph. This technology offers high throughput, low fees, and robust security, making it attractive for various decentralized applications (dApps) and enterprise use cases.

After closing deals with tech giants like LG, Google, IBM, and Tata, members of the Hedera community are hoping that this growing corporate adoption could help propel HBARs price soon.

At the time of publication, HBAR stood at $0.06, up 0.28% on the day. Over the past month, the crypto token dropped almost 15%.

Overall, if the broader crypto market continues its 2023 rally, big players like Bitcoin (BTC) and Ethereum (ETH) are likely to push most other assets upwards, including those priced below $0.10.

Despite the rebound, many cryptocurrencies are still trading at attractive multi-year lows as a result of the market crash in 2022.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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5 cryptocurrencies under $0.10 to buy in June 2023 - Finbold - Finance in Bold