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Top 5 Platforms for Staking Crypto & Passive Earn

Crypto Staking is one of the most well-known tools for passive income. Choosing a platform and getting a real profit can be complicated for investing beginners. This article will analyze what affects Staking income and which platforms provide the best offers in 2024.

Staking brings money from storing cryptocurrency, which benefits both platforms and participants. It uses the Proof-of-Stake algorithm (PoS), which protects blockchains from tampering. All platforms pay users rewards for this assistance in maintaining security. Thus, profit directly depends on the choice of platform and the opportunities it provides. Let’s analyze the market and highlight the key aspects affecting Staking profit and convenience.

Staking APR – The Key Metric of Income

Passive income from Staking is determined by interest and credited to the balance as a reward. The primary metric is the Annual Percentage Rate (APR) – net profit for a year. If a participant stakes $100 with a 20% APR, he will receive $120. The alternative metric is an Annual Percentage Yield (APY), which differs in compound interest calculation.

For example, 20% APR equals 21.94% APY for monthly payouts, but these metrics are equal for annual payouts. Therefore, APY shows more accurate returns when compounded more frequently, but APR is static and more convenient. Next, only the annual period will be considered to avoid confusion with these metrics.

Flexible & Fixed-Term Staking

There are two types of Staking: flexible and fixed-term. Some platforms offer fixed-term Staking, while others don’t set limits and allow you to withdraw crypto anytime, like Binance:

Which of these types is better? The flexible system brings convenience and flexibility, while fixed-term – the bigger size of the reward. Platforms and users get more benefits when this period covers a longer time. Thus, freezing assets for a month or a year brings more crypto than a day or a week. If the APR metric requires high indicators for maximum profit, then the choice of a locked-up period depends only on the participant’s preferences.

Top 5 Staking Platforms in 2024

It’s time to return to the main issue – choosing the ideal platform for Staking. Every project provides different income interests, locked-up periods, and various currencies. We shall consider some top Staking platforms for 2024 and check out their strengths and weaknesses.

These platforms are successful and trusted by many crypto enthusiasts and investors. Each of them has flexible and fixed periods. Therefore, the main distinctions are APRs and the variety of currencies. Moreover, some of the above platforms have outstanding features that provide greater benefits.

BetFury: this ecosystem provides top-tier currencies for Staking, such as USDT, BTC, BNB, and TRX. However, it shows strong potential due to huge APRs, which can be boosted by platform activity. On top of that, BetFury has a Referral Program, so that users can get up to a 15% reward for each referral.
Binance: one of the most popular exchanges isn’t a favorite, but its huge community gives it a leading global position. The platform offers trusted crypto for staking with various lock-term options.
Coinbase: this highly recognized competitor of Binance offers excellent interest rates and surpasses it in the number of currencies by over seven times.
Bybit: this platform isn’t inferior in crypto diversity but has lower APRs. However, Bybit has exclusive offers for new users – up to 300% APR on some tokens.
Kraken: this exchange has a convenient interface and offers nice APRs.
Nexo: this crypto platform is similar to Kraken but provides more favorable conditions based on APR values for BTC, USDT, etc. Moreover, Nexo gives some bonus interest for Staking in Nexo tokens.

For more detailed analytics, let’s take a specific example – ETH Staking. Ethereum is one of the most famous currencies due to its high value, use in the NFT market, and so on. Are you interested in APRs offered by top platforms for ETH Staking?

BetFury – up to 60% APR
Nexo – up to 8% APR
Kraken – up to 6% APR
ByBit – up to 3% APR
Binance – up to 3.3% APR
Coinbase – up to 2.39% APY

Time-limited & Exclusive Staking Offers

Some of the above platforms offer time-limited Staking pools and other unique mechanics. They provide the highest APRs and can significantly increase your income in the short term. For instance, the BetFury platform now has three temporary pools for 30 days. You can stake NOT with 150% APR, TON with 140% APR, and USDT with 130% APR for 14 days.

In addition to the classic earning tools, BetFury has a BFG Staking. If you stake BFG, a native BetFury token, you will passively obtain more BFG or payouts in BTC, ETH, USDT, TRX, and BNB. The BFG Staking APY can be doubled by converting BFG to stBFG and locking these unique tokens for one year. Hence, users will get x2 APY for the BFG Staking pool by supporting the platform’s tokenomics. To show confidence in a promising future, the BetFury team locked up one billion BFG for 4.8 years without doubling APYs.

How to Choose Your Ideal Staking Platform?

Analytics demonstrates that many of the platforms mentioned have pros and cons. Among the above candidates, Coinbase wins by the number of currencies, while BetFury offers the highest and the most stable APRs.

However, the platform choice depends on users’ preferences and the availability of certain crypto. Besides, it is important to monitor the safety of funds when Staking. What affects protection against loss of funds?

Trusted Platform: it’s best to join staking on platforms with a proven track record and substantial payouts. The longer they’ve been in the market and the more experience they have, the safer it is to earn passive income. It’s crucial to consider security audits and project licenses.

Exchange Prices: crypto volatility can directly affect earnings. For instance, the user chose fixed-term Staking for half a year for a currency that has fallen in price. In this case, the user will not receive the expected income. Solution: choose stablecoins like USDT or monitor the exchange rate of other currencies on the market.

To summarize, Staking is a powerful earning tool for receiving cryptocurrency without much effort. The main task is to gain experience and the right approach to choosing a platform. Rely on APRs, analyze the possibilities of withdrawing funds, and improve your skills to multiply your earnings constantly.

Major Signal Just Flashed For Meme Coins, As ETH ETF Approved. SHIB, DOGE and PEPE Ready For Moonshot – Will BLP Follow Them?

Blockchain News/Crypto News Today

A recent development in the investment sphere has begun turning heads toward a certain category of cryptocurrencies. Notable coins like SHIB, DOGE, and PEPE have caught the attention of a major investment product, signaling a potential uptick in interest and activity. With the market gaining momentum, enthusiasts are closely watching these tokens for signs of an explosive movement. The anticipation grows as the community speculates on subsequent moves by other investment mechanisms. This move marks a critical moment, suggesting a possibly transformative phase for these cryptocurrencies.

BlastUP Presale: A Beacon of Predictability in the Volatile Crypto Space

Presale tokens are immune to market’s wild swings with their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP.

BlastUP is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins. In just a few weeks of its presale, this platform has raised over $6 million which speaks much for its wide recognition among savvy investors.

The presale of BlastUP tokens is underway, offering a decent chance to invest in a promising asset at a low price.

>> Don’t Miss Out! Buy BlastUP Tokens at the Best Price! <<

Those who buy BlastUP tokens at this stage gain exclusive access to an Airdrop distributing a portion of free tokens. Besides, they can get extra rewards through staking.

BlastUP is committed to fostering a robust community with the Blast ecosystem where everyone benefits from mutual growth. With ambitious plans to combine AI and Web3 tools, BlastUP aims to create a truly rewarding and safe environment for smooth DApps launches.

BlastUP is on the rise, fueling crypto startups with a community-first vibe and innovation at its heart. It is quickly becoming the go-to hub in the Blast ecosystem, with big plans through 2026.

>> Act Fast! Supply of BlastUP Tokens is Limited – Secure Your Spot NOW! <<

Shiba Inu’s Market Movement Shows Bullish Long-Term Trend

Shiba Inu has been catching eyes with its marked rise in the past half-year, overshadowing dips seen in recent weeks. The coin’s movements hint at a cautious atmosphere, with recent pullbacks perhaps signaling pauses in a generally enthusiastic market. The energetic rallies in previous months suggest strong trader interest, which might set the stage for a potential comeback. Considering Shiba Inu’s active community and growing utility, these market patterns may very well reinforce the token’s position in the competitive crypto landscape.

Dogecoin Shows Steady Presence in Volatile Market

Dogecoin has been holding its ground recently, remaining within a familiar price range. It’s encountered moderate interest, moving towards a higher price point but has yet to break through. On the downside, the coin also has notable stability, not dropping to its lower predicted levels. The market’s mood appears balanced, with no strong push in either direction. Dogecoin’s wide online community and its usage in tipping and transactions ensure that it maintains relevance, even in a market that’s seeing other cryptocurrencies with more dramatic movements.

Pepe Coin Sees Significant Upward Momentum Amidst Market Fluctuations

Pepe has been gaining a lot of value over the last six months, with this uptick continuing through the last month and week. The price has recently reached a point where it might struggle to climb higher without significant investor interest but has also shown it can stay above lower value levels where it might otherwise drop. People seem cautiously optimistic about Pepe’s future. The coin’s performance suggests a growing confidence among traders, which might carry on if the current trend persists. This is notable considering the coin’s amusing brand but shows the market can see beyond names when value is perceived.

Conclusion

The recent development in the meme coin sector, with SHIB, DOGE and PEPE, has caught attention. However, these coins are likely to have limited short-term growth. On the other hand, BlastUP stands out with significant potential. This project, part of the Blast ecosystem, is built on a strong concept and offers a promising future within the current bull market.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

Space and Time: Groundbreaking Technologies for Efficient and Safe Data Processing

Blockchain News/Crypto News Today

The internet’s transformative power, rooted in global storage and exchange of data, has long been a driving force in shaping our lives. As the Web continues to evolve, the demand for systems ensuring efficient data processing, reliability, and user privacy becomes ever more pressing.

Where Web2 was about connecting every aspect of existence to the internet, Web3 is about creating global trust and value networks where users can exchange complex data and currencies. This vision naturally requires adequate systems to process large amounts of data quickly, while simultaneously guaranteeing authenticity (not always a given) and safety for all parties involved.

Addressing the data needs of tomorrow is the premise behind Space and Time, a company founded in 2021 that promises to create a trustless, fast and safe data infrastructure layer to supercharge Web3.

What is Space and Time?

Space and Time is a decentralized data warehouse dedicated to serving users complex and flexible queries, backed up by a pioneering and highly efficient Zero Knowledge (ZK) proof called Proof-of-SQL.

Space and Time strives to provide users and developers with reliable on-chain and off-chain data that can be promptly verified and called by smart contracts. This is a first, as all previous solutions focused on making on-chain data easily available off-chain.

Space and Time uses a combination of advanced database technologies, supporting most chains, which empower users to seamlessly access and analyze data spanning across numerous blockchains. It lets users run SQL queries to access this data, which is delivered with a 100% guarantee of accuracy thanks to Proof of SQL.

These features make Space and Time ideal for data integration and analysis with anything related to on-chain apps. It’s useful both for accessing blockchain data and for smart contracts to read outside data in a tamper-proof manner. This could potentially power nearly every complex app that interacts with the outside world, including advanced DeFi and RWA, identity and DePIN use cases.

How Space and Time works

Space and Time’s uses an HTAP (Hybrid Transactional/Analytical Processing) database, a combination of OLTP and OLAP (Online Transactional and Analytical Processing) that facilitates near real-time execution of intricate queries, which would otherwise need longer periods and involve more complex processes.

Developers need to use SQL to communicate with the Space and Time data warehouse. However, the project made that significantly easier with the AI-based Prompt-to-SQL, which converts natural language prompts into SQL queries. This AI-driven feature makes SQL accessible even to novice developers, who are thus able to request complex data insights using simple language and in a few seconds.

That makes AI SQL a very useful tool for DeFi developers, being ideal to deliver dynamic visuals, customized dashboards and automatic charts.

The infrastructure is underpinned by Proof-of-SQL, which consists of four basic steps: first, a user writes an SQL query against data stored in the Space and Time database, which includes both the on-chain and off-chain datasets. The database then receives and executes the query and transforms it into an algebraic intermediate representation, which is what allows it to be proven by Proof-of-SQL.

Space and Time’s Proof-of-SQL unlocks a number of use-cases that would otherwise require complex approaches and extremely high levels of trust.

For instance, Proof-of-SQL represents a game changer in real-world cases that can involve, for example, the data necessary in supply chain or in health care data analysis. But even in on-chain use cases, it’s a much more straightforward system that doesn’t rely on complex consensus algorithms requiring millions in incentives.

Space and Time Team, Backers and Partners

Space and Time is a project built for 10 years from now, combining deep technical expertise with a unique position on the market. It is not surprising that Space and Time has attracted the attention of some significant investors.

Space and Time is led by Nate Holiday, Co-founder and CEO, and Scott Dykstra, Co-Founder and CTO, who previously held VP positions at Teradata, a Web2 cloud analytics giant.

During their Seed funding round, led by Framework Ventures, the blockchain company raised $10 million, while in September of the same year they raised $20 million in a Series A funding round led by Vulcan Capital and joined by M12 Microsoft Ventures, Framework and HashKey.

Space and Time’s heterogeneous team, composed of accomplished cryptographers, developers and data engineers, has also closed decisive partnerships with leaders of the Web3.

Space and Time is currently a partner of Polygon and Sui, to support them with their data infrastructures. Other partners include well-known names such as Amazon Web Services, NVIDIA, Chainlink, Mysten Labs, and Sotero.

Overall, Space and Time is well-positioned to become one of the biggest building blocks in the crypto space and beyond, serving the vital role of enhancing the efficiency and safety of data processing.

As Web3 continues to evolve and become the internet of value it’s meant to be, projects like Space and Time will see their time in the spotlight. For now though, that future is still a few years off.

Multipool Sells Out Fjord Foundry LBP

Press Releases

Majuro, Marshall Islands, May 27th, 2024, Chainwire

Multipool, a leading innovator in the blockchain and cryptocurrency industry, concludes its Fjord Foundry LBP with a sell out of all 5 million tokens. With the close of the LBP, Multipool launched their native token, $MUL, on Uniswap V3 today with a market cap of $13M.

$MUL on Uniswap – here

“The LBP has come to a close and we’ve sold out all 5 million tokens. With the close of the LBP, we’ve now launched $MUL on Uniswap V3. A big thanks goes out to the Multipool community and Fjord Foundry for such a successful LBP. ” Steven Murray, a Core Contributor at Multipool

Following on from a successful over-subscribed LBP, $MUL launched today on Uniswap, giving enthusiasts who missed the LBP the chance to trade $MUL on Uniswap. For participants who took part in the LBP, their tokens can now be claimed on Fjord Foundry.

Users can review the details here – app.fjordfoundry.com

To learn more about Multipool and its features, users can visit Multipool’s

Website – www.multipool.finance

Telegram – t.me/multipoolfi

X – www.x.com/multipoolfi

About Multipool

Multipool is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in your trading journey with Multipool – The DEX with CEX appeal.

https://www.multipool.finance/

Multipool is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Public Relations Manager
Angie Hermosa
Multipool
press@multipool.finance

Apu Memecoin Soars, Reaching 11,600 Token Holders with Strong Community Support

Press Releases

Phoenix, USA, May 27th, 2024, Chainwire

Apu Apustaja, a new memecoin making waves in the industry, has announced impressive support from its rapidly growing community, including over 11,650 coin holders and more than 13,000 Telegram channel members. Leading a revolution in the sector, which sees frog memecoins replacing dog-themed coins. Behind its sudden surge in popularity are a highly enthusiastic community and an expert development team.

Apu also announced it has purchased APU.COM, which will become its official website with an imminent move from the former Apu.community domain. The event marked an important milestone in the project’s development as the new, ultra-rare domain will help it surge in brand awareness, authenticity, and recognition.

Apu Apustaja is a popular internet meme that translates to “Help Helper” in English and originates from a Finnish imageboard. Those with lesser knowledge of meme characters may mistake Apu for Pepe, another famous frog meme that spurred the now highly popular memecoin, Pepecoin. While the two characters have similar designs, Apu bears evidently different features, including softer lines, a somewhat sad expression, and a childlike appearance. Some would say that Apu is to Pepe what Shib is to Doge.

Moreover, the project secured listings for the $APU coin on MEXC, Bitget, Bitmart, Gate.io, BingX, CoinEx, and LBank Exchange. The team notes a partnership with a market maker and also that they passed an audit with Metatrust. Now, the team is actively focusing on its marketing efforts and building Apu’s presence on social media and beyond. Since the project did not have a marketing-dedicated wallet, most of its brand-building marketing comes from Grassroots campaigning and community funding.

Other important achievements for Apu include launching The Book of Apu, a comprehensive story of the meme’s lore developed by the community. The project also published its official whitepaper.

The $APU coin has a total supply of 420.69 billion coins, with 82.79 billion already burned. The coin’s tokenomics model does not charge any BUY or SELL taxes and reserves 100% of the total supply for liquidity providers.

About Apu

Apu, also known as Helper, is a new memecoin project seeking to establish a standout presence in the increasingly competitive memecoin niche. Apu has no IP or copyright. The project is quickly developing a loyal fan base, including memecoin enthusiasts, investors, liquidity providers, and contributors. The team refers to this growing community as “frens” and pledges its commitment to a fair and transparent evolution for Apu.

Apu Coin has an ambitious four-phase roadmap ahead. In fact, the project has already completed the first phase, which included the project’s launch, DEX listings, reaching 1,000+ holders, and community takeover. Now, the project is in the second phase, which includes CEX listings, strategic partnerships, and boasting over 10,000 holders. In the future, Apu aims to release original merch, an NFT collection, and reach over 100,000 holders.

The $APU token is currently for sale on Uniswap, where interested buyers can purchase it for ETH simply by connecting their wallets.

Users can follow the project and stay up to date with its development at these links: Website | X (Twitter) | Telegram | Instagram

Apu is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Jim Jonestown
contact@apu.community

Traders Cautious About Ether’s Price Movement Post Spot ETF Launch Despite Bitcoin’s Previous Downturn

Blockchain News/Crypto News Today

Traders are cautious about assuming Ether‘s price will decline following the launch of spot Ether exchange-traded funds (ETFs), unlike what occurred with Bitcoin after spot Bitcoin ETFs began trading.

“I think there is less likelihood of a selloff here after the ETH ETF compared to the BTC ETF,” crypto trader Matthew Hyland explained in a May 24 post on X.

Hyland noted that, unlike Ether, Bitcoin didn’t see a price drop before the approval of spot Bitcoin ETFs on January 10.

“The BTC ETF had no pullbacks in the months leading into it.

The selling pressure began when the Grayscale ETF was listed the following day,” Hyland added.

Since the launch of spot Bitcoin ETFs, the Grayscale Bitcoin Trust (GBTC) has lost $17.6 billion in assets, according to Farside data.

Ether had declined by 15% over two months by May 20. However, after reports suggested the SEC might approve ETFs, Ether surged 29% within three days.

At the time of publication, Ether is trading at $3,752, according to CoinMarketCap data.

Concerns remain about Grayscale’s plans to convert its Grayscale Ethereum Trust (ETHE) to an ETF, potentially causing selling pressure and affecting the price.

“One key similarity is both have a Grayscale product.

The Grayscale ETF led to selling pressure for BTC, likely will see the same for the ETH ETF once the product is listed,” Hyland stated.

Despite this, Hyland predicted upward momentum for Ether’s price, noting it reached “local highs” of $4,092 in March without the positive news of spot Ether ETF approval.

The year-to-date all-time high came shortly before ETF analyst Eric Balchunas reduced his approval hopes for spot Ether ETFs to 25%.

Meanwhile, MN trading consultancy founder Michaël van de Poppe expressed similar uncertainty until spot Ether ETFs start trading.

“It’s a waiting time until the listing takes place, and then the inflow will provide whether there’s a strong continuation upwards,” van de Poppe stated in a May 24 X post.

On May 24, Cointelegraph reported widespread commentary on Ether’s price stability following the SEC’s approval of spot Ether ETFs.

Independent Ethereum educator Sassal declared that “ETH is stupidly undervalued,” arguing the market had only three days to “price in the ETF approval.”

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Bitcoin White Paper Reuploaded to Bitcoin.org After Craig Wright’s Failed Satoshi Claim

Bitcoin/Blockchain News/Crypto News Today

The Bitcoin white paper has been reuploaded to the Bitcoin.org website following Craig Wright’s failed court attempt to prove he is Satoshi Nakamoto, the protocol’s pseudonymous creator.

Hennadii Stepanov, the maintainer of Bitcoin.org, announced the return of the Bitcoin white paper by sharing a link to the PDF on platform X.

Due to legal constraints, Bitcoin.org had to restrict access to the white paper for UK-based users.

Instead, it displayed a poignant quote from Satoshi Nakamoto: “It takes advantage of the nature of information being easy to spread but hard to stifle.”

In 2021, Wright successfully sued Cobra, the anonymous group running the website, for copyright infringement, leading to the removal of the white paper PDF.

Wright won by default after Cobra chose not to defend the case, resulting in Cobra paying £35,000 ($40,100) of Wright’s legal fees. Wright had filed for U.S. copyright registration for the Bitcoin white paper in 2019.

In 2023, Wright sued 13 Bitcoin Core developers and companies including Blockstream, Coinbase, and Block, for copyright violations related to the Bitcoin white paper, its file format, and database rights to the Bitcoin blockchain.

The Bitcoin Legal Defense Fund responded, emphasizing the trend of abusive lawsuits against prominent Bitcoin contributors.

According to the defense fund, these lawsuits deter development due to the associated time, stress, expenses, and legal risks.

However, Wright’s copyright win is now invalid, as his claims of being Satoshi Nakamoto and authoring the white paper have been decisively debunked.

The detailed ruling came from a case brought against Wright by the Crypto Open Patent Alliance (COPA), a coalition of prominent companies seeking to prevent Wright from asserting ownership over Bitcoin’s core intellectual property.

COPA alleged that Wright engaged in an elaborate scheme of forgery and deceit to fabricate evidence backing his claim of being Nakamoto.

Consequently, Craig Wright’s assets, worth 6.7 million British pounds ($8.4 million), were frozen after a UK court approved a plan to prevent him from evading court expenses.

The Bitcoin white paper is now subject to an MIT open-source license, allowing anyone to reuse and modify the code for any purpose.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Michael Saylor Shifts Stance on Ether ETFs, Sees Approval as Positive for Bitcoin

Bitcoin/Blockchain News/Crypto News Today

MicroStrategy founder Michael Saylor has recently shifted his stance on spot Ether exchange-traded funds (ETFs), suggesting that the U.S. regulator’s recent approval is beneficial for Bitcoin as well.

“Is this good for Bitcoin or not? Yeah, I think it’s good for Bitcoin, in fact, I think it may be better for Bitcoin because I think that we are politically much more powerful supported by the entire crypto industry,” Saylor told Bitcoin podcaster Peter McCormack on the May 25 episode of the What Bitcoin Did podcast.

“They serve as another line of defense for Bitcoin,” he continued, following the U.S. Securities and Exchange Commission’s (SEC) approval of eight spot Ether ETFs on May 23.

Saylor emphasized that this move will “accelerate institutional adoption,” as previously hesitant investors will now see crypto as a legitimate asset class.

He explained that while capital will be allocated across various crypto assets, Bitcoin will receive the majority, being “the leader” of cryptocurrencies.

“I think mainstream investors will say oh there is a crypto asset class now, maybe we’ll allocate 5% or 10% to the crypto asset class, but Bitcoin will be 60% or 70% of that,” he claimed.

Saylor acknowledged his change in perspective on spot Ether ETFs, having previously believed there was little chance of SEC approval.

“Two weeks before, the world looked like Bitcoin was going to be the only asset securitized and offered as a spot ETF by the Wall Street establishment and it was going to spread as the one legitimate crypto asset,” he explained.

Earlier, on May 3, Cointelegraph reported Saylor’s prediction that the SEC would classify ETH as a security, along with BNB, Solana, XRP, and Cardano.

“None of [these tokens] will ever be wrapped by a spot ETF, none of them will be accepted by Wall Street, none of them will be accepted by mainstream institutional investors as crypto assets,” said Saylor.

Saylor’s revised stance on the What Bitcoin Did podcast drew attention from the crypto community.

“Changing his tune a bit,” Bitcoin commercial litigator Joe Carlasare commented in a May 25 X post.

“Is the next step Saylor buying ETH? That’s a serious 180,” added crypto analyst Ricky Bobbyy.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Trump Vows U.S. Dominance in Cryptocurrency Industry, Criticizes Biden’s Stance

Bitcoin/Blockchain News/Crypto News Today

The United States should aim for the top spot in the cryptocurrency industry, according to former U.S. President Donald Trump.

“Our country must be the leader in the field, there is no second place,” Trump asserted in a May 25 post on Truth Social, a social media platform owned by Trump Media and Technology Group (TMTG).

Expressing his enthusiasm for the burgeoning industry, Trump stated, “I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry.”

He then criticized the current president, Joe Biden, his opponent in the upcoming 2024 presidential election, scheduled for November 4.

“CROOKED JOE BIDEN, ON THE OTHER HAND, THE WORST PRESIDENT IN THE HISTORY OF OUR COUNTRY, WANTS IT TO DIE A SLOW AND PAINFUL DEATH. THAT WILL NEVER HAPPEN WITH ME!” Trump proclaimed.

These remarks were made ahead of his planned speech at the Libertarian Party’s National Convention in Washington on the same day.

Trump’s recent positive stance on crypto has heightened industry expectations about his potential electoral success.

According to Polymarket, a New York-based crypto prediction platform, Trump currently has a 56% chance of winning the election, while President Joe Biden holds a 38% chance.

This comes shortly after Trump announced that his presidential campaign would accept cryptocurrency donations.

On May 21, the Trump 2024 campaign launched a fundraising page allowing eligible donors to contribute in crypto via the Coinbase Commerce platform.

The website displayed logos for several cryptocurrencies, including Bitcoin, Ether, Dogecoin, Shiba, XRP, USD Coin, SOL, and 0x (ZRX).

In addition to his public endorsements of crypto, Trump has reportedly engaged with crypto enthusiasts.

Cointelegraph recently reported that individuals who purchased Trump’s “Mugshot” non-fungible tokens (NFTs) had the chance to dine with him on May 8 at his Mar-a-Lago residence.

This dinner was part of the agreement associated with buying the digital trading cards, which feature his mugshot taken during his surrender at the Fulton County Jail in Georgia.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Supreme Court Overrides Coinbase Agreement, Grants Courts Authority in Dogecoin Sweepstakes Disputes

Blockchain News/Crypto News Today

The United States Supreme Court has overridden Coinbase’s user agreement, granting district courts the authority to resolve sweepstakes disputes involving Dogecoin rewards.

In June 2021, Coinbase launched a Dogecoin sweepstakes promotional event, but the user agreement contained conflicting clauses about dispute resolution.

Coinbase favored arbitration for resolving financial disputes, while users preferred court intervention. Both options were separately detailed in the platform’s agreements.

On May 23, the U.S. Supreme Court ruled that state and federal courts will have exclusive jurisdiction over controversies related to Coinbase’s sweepstakes promotion.

“We conclude that a court, not an arbitrator, must decide whether the parties’ first agreement was superseded by their second.

“The Ninth Circuit’s judgment is affirmed.”

Justice Neil Gorsuch, nominated by President Donald Trump in 2017, emphasized that arbitration is a matter of contract.

He stated, “Parties (crypto exchanges and users) can agree by contract that an arbitrator, rather than a court, will resolve threshold arbitrability questions as well as underlying merits disputes.”

The Supreme Court dismissed Coinbase’s argument that the court’s approach could “invite chaos” by enabling challenges to delegation clauses.

“We do not believe that such chaos will follow,” the ruling added.

In the U.S., courts are not authorized to intervene in disputes when contracts exclusively contain an arbitration clause.

However, when users agree to two contracts—one directing arbitrability disputes to arbitration and the other, either explicitly or implicitly, directing them to the courts—a court must decide which contract governs.

Coinbase recently experienced a significant outage affecting its trading services on mobile and desktop applications.

On May 14, Coinbase Support’s official X account reported the outage, stating that it was investigating the issue and working on a solution. The account assured users that their funds were safe.

Cointelegraph visited the website, which displayed a “503 Service Temporarily Unavailable” error message.

According to a developer guide on Mozilla, the most common cause of this error is that the servers are down for maintenance or are overloaded.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.