Category Archives: Crypto News

The UK’s Competition and Markets Authority (CMA) has voiced worries about the escalating influence of Big Tech in the cutting-edge artificial intelligence (AI) industry. Sarah Cardell, the CEO of the CMA, has outlined the potential dangers connected with the growth of this sector. A latest report by the CMA underscored the growing integration and concentration among innovators in the technology sector, specifically related to generative AI tools. The report also flagged the involvement of substantial tech firms such as Google, Amazon, Microsoft, Meta, and Apple (jointly referred to as GAMMA) in various facets of the AI value chain. The CMA acknowledged the possible benefits of collaborative tech partnerships, but cautioned against dominating partnerships and consolidated firms that could jeopardize competition in open markets. The regulatory body is urging for enhanced scrutiny and transparency in the regulation of these partnerships to safeguard fair competition.

The speaker stated that Runes protocol caters to degens and memecoins. Nonetheless, it is a trustworthy and safe system that can rival Taproot Assets and RGB. The integration should be simple as the ordinals library provides all required tools for encoding and decoding runestones.

The value of a meme coin on the Bitcoin network has recently spiked, reaching a record high of $70. However, meme coins are known for their high volatility, which means that while there is potential for profit, there is also a risk of significant losses. One example of this volatility is the PUPS (ORDINALS) coin, which saw a 1,000% increase in value in just one week and a 2,800% increase in a month. This surge also led to a market capitalization of over $500 million, making it the 12th largest in its category. PUPS is the first meme coin on the Bitcoin network and is governed by its community, with a focus on engaging with memes rather than practical uses. Other popular meme coins, such as Shiba Inu (SHIB), dogwifhat (WIF), Bonk Inu (BONK), BOOK OF MEME (BOME), and Slerf (SLERF) have also seen significant price increases. However, investing in meme coins carries a high degree of risk, as their volatility can result in substantial losses. It is crucial for traders to proceed with caution and avoid common mistakes when investing in this sector.

Investors interested in high returns are now shifting their attention from the cryptocurrency Shiba Inu (SHIB) to a new meme coin called Sponge (SPONGE). While SHIB remains one of the top crypto meme coins, investors are hoping to achieve returns of up to 1,000% with SPONGE. This Ethereum-based meme coin briefly surpassed Dogecoin in market cap, reaching over $40 billion in 2021. However, SHIB has experienced a 40% pullback from its recent highs. SPONGE, with a market cap of $80 million, presents an opportunity for investors to buy the dip and potentially see significant growth. This is due to its unique features such as offering passive income through staking and being the native token for a play-to-earn game. With upcoming listings on larger exchanges and the success of other meme coins, such as Bonk, Dogwifhat, and Pepe, there is potential for SPONGE to reach a market cap of $1 billion. However, it’s important to note that investing in crypto carries high risks and this information is for educational purposes only and not investment advice.

The passing of O.J. Simpson has led to a rise in the creation of meme coins on blockchain platforms like Solana and Base. Names such as “OJ Simpson” and “RIP OJ Simpson” have quickly gained popularity, amassing millions in trading volume. However, these coins often experience a rapid decline shortly after being launched. The simplicity and affordability of creating tokens on these platforms have contributed to the proliferation of meme coins linked to current trends, such as celebrity deaths. Services like Pump on Solana make it even more accessible for individuals without technical knowledge to produce meme coins with minimal fees. This trend highlights the speculative nature of meme coins and their ability to take advantage of public attention without providing any significant value.

TON Foundation has given out 300,000 Toncoin, worth approximately $2.19 million, to active traders of meme coins. The distribution was made to traders who had made transactions on DeDust and Ston.fi platforms between March 4 and April 10. To qualify, users had to trade approved meme coins and accrue points based on their trading activity. Any duplicate accounts were not considered for the distribution and each participant could receive up to 90 free tokens. After the announcement, Toncoin’s price reached its peak but later decreased by 5%. The purpose of the airdrop is to encourage meme coin trading and investing on TON’s blockchain, following the success of tokens such as Dogwifhat and Book of Meme on the Solana blockchain.