TL;DR Breakdown Uniswap price analysis is bearish today. The strongest resistance is present at $5.351. The strongest support is present at $5.101. Uniswap price analysis reveals that the market is following a negative trend below the $5.5 mark and is likely to remain today May 29, 2023. The UNI/USD pairing demonstrated a notable upward trend on May 27, 2023, as the price surged from $4.9 to $5.2. However, this positive momentum was short-lived, as the subsequent day, May 28, 2023, witnessed a significant bearish trend in the cryptocurrency’s value. Consequently, the price experienced a notable decline, ultimately settling at $5.1. Looking ahead, market projections suggest that the price of Uniswap is likely to maintain a range around the $5.5 mark until the beginning of June. Uniswap, a prominent decentralized exchange protocol, is currently valued at $5.13, with a substantial trading volume of $243.34 million over the past 24 hours. Its market capitalization stands at $2.96 billion, and it holds a market dominance of 0.25%. Notably, the price of UNI, Uniswap’s native token, has observed a 1.17% increase within the last day….

TL;DR Breakdown The Bank of Japan (BOJ) has successfully completed the second phase of its central bank digital currency (CBDC) proof-of-concept (POC) experiment and has transitioned into the pilot phase in April as planned. The second phase of the POC tested the implementation of upper limits on CBDC holdings and user convenience in initiating and scheduling payments. A flexible-value token model and an orchestration system were trialed, aimed at handling multiple transactions from the same account quickly. On the cutting edge of global digital transformation, Japan is progressing with its initiative to embrace digital currency. The Bank of Japan (BOJ) has completed the second phase of its central bank digital currency (CBDC) proof-of-concept (POC) experiment and transitioned into the pilot phase in April as planned. The experimental process, spanning a year from April 2022 to March 2023, marked an exploration of functionalities complementing the fundamental ledger operations, a step up from its predecessor. Evaluating the core functions of Japan’s digital yen Throughout the second phase, the BOJ rigorously tested various technological applications for setting upper limits on CBDC holdings. According…

TL;DR Breakdown At the Computex event in Taiwan, Nvidia unveiled the DGX GH200, a state-of-the-art AI supercomputer. Alongside the DGX GH200, Nvidia announced Nvidia ACE for Games, a platform that will utilize AI to create game NPCs with more depth and personality. Using AI and metaverse technologies, Nvidia plans to partner with WPP to reduce advertising costs. Nvidia, a forerunner in developing artificial intelligence (AI) tools and applications, has disclosed ambitious plans to roll out an array of innovative AI products. During the Computex event in Taiwan on May 28, Nvidia’s CEO, Jensen Huang, introduced the DGX GH200, a state-of-the-art AI supercomputer designed to assist tech firms in creating advanced versions of the renowned AI chatbot, ChatGPT. Huang expects that leading tech companies such as Meta, Microsoft, and Google’s Alphabet will be among the early adopters of the new AI powerhouse. Alongside this announcement, Huang also revealed Nvidia ACE for Games, a service aimed at the gaming industry. This platform will harness AI to imbue game NPCs with more depth and personality. Nvidia also plans to join forces with communications…

TL;DR Breakdown   BKEX halts services amid a money laundering scandal, freezing user withdrawals. Users express discontent over suspension and question necessity. BKEX collaborates with authorities and vows to restore normal operations. Cryptocurrency exchange giant BKEX recently suspended its services in an unexpected development. Citing large-scale financial misconduct involving money laundering on its platform, the firm has temporarily decided to freeze all user withdrawals. The event marks a significant moment in the ongoing scrutiny of crypto exchange activities worldwide. Reports indicate that the BKEX platform was a conduit for illicit financial activities. The company declared that users’ funds were implicated in a money laundering scandal. In a move towards transparency and collaboration, BKEX has been actively liaising with various law enforcement agencies to collect evidence and to understand the extent of criminal activities. The company stated, “BKEX is working diligently to cooperate with the regulatory investigation, aiming to restore the normal operation of the platform as soon as feasible. Our team is committed to working with the relevant authorities to address the current issues, ensuring the rights of our users…

TL;DR Breakdown Cardano price analysis is bullish today ADA is trading at $0.3790, up by 0.22 per cent Resistance and support stand at $0.3859 and 0.3764, respectively The latest Cardano price analysis indicates that bulls are continuing to make progress. The buying pressure has pushed ADA up to $0.3790, a 0.22 per cent increase in the last 24 hours. ADA opened today’s trading session at $0.3774 and moved higher to face resistance at $0.3859 before retracing slightly below the $0.3800 level. The bulls are currently facing resistance at the $0.3859 mark, which is expected to be broken in the near term if buyers can stay strong enough. On the other hand, support stands at $0.3764, which has successfully defended the price from dropping further. If this support fails to hold, ADA could be vulnerable to a correction lower towards $0.3650 and even $0.3500. Cardano price analysis 1-day chart: Can ADA overcome resistance at the $0.3900 mark? On the daily chart, Cardano price analysis indicates that bulls have pushed ADA above the $0.3800 level and are now facing strong resistance toward…

TL;DR Breakdown Binance shows NFT utility in action as the holders of the rarest CR7 NFTs recently got the chance to talk with Cristiano Ronaldo. Ronaldo says that NFTs are a part of the technology that is good for now and the future. Cristiano Ronaldo, a soccer legend, has teamed up with Binance in a ground-breaking multi-year partnership centered on nonfungible tokens (NFTs). Through the Binance NFT exchange, this cooperation intends to uniquely introduce NFTs and promote Web3 technology to Ronaldo’s passionate global fan base. Recently ronaldo held an online meet and chat with some holders of the CR7 NFT. Contents hide 1 Cristiano Ronaldo’s Involvement in NFT Platform Aims to Provide Unprecedented Experiences for Fans 2 Binance and Ronaldo Partnership: Crypto and Sports Intersection 3 Ronaldo-Binance Partnership: Potential Impact on Cryptocurrency Market 4 Where can you buy CR7 NFTs Cristiano Ronaldo’s Involvement in NFT Platform Aims to Provide Unprecedented Experiences for Fans Soccer player Cristiano Ronaldo has entered into an exclusive multi-year nonfungible token (NFT) collaboration with Binance, one of the largest cryptocurrency exchanges in the world. The partnership…

TL;DR Breakdown Huobi HK applies for a virtual asset exchange license in Hong Kong, enabling the provision of crypto spot trading services to retail and institutional clients. Hong Kong’s crypto-friendly regulatory environment supports the move, aiming to protect investors and foster innovation in the cryptocurrency sector. Huobi HK prioritizes compliance and regulatory adherence, collaborating with auditors to meet anti-money laundering regulations and the Hong Kong Securities and Futures Commission requirements. Huobi HK, a subsidiary of digital asset exchange Huobi Global, has taken a significant step in the crypto industry by applying for a virtual asset exchange license in Hong Kong. The exchange submitted an application notice to the Hong Kong Securities and Futures Commission on May 29, aligning with the regulatory requirements for offering regulated services. The move reflects Huobi HK’s commitment to compliance and regulatory standards. Hong Kong’s crypto-friendly regulatory environment Hong Kong has recently implemented a regulatory framework to protect retail investors and foster innovation in the cryptocurrency sector. Under this framework, licensed cryptocurrency platforms will be permitted to cater to retail investors, and guidelines encompassing asset custody…

TL;DR Breakdown Hong Kong establishes HKLVAA and Web3 Harbour for Web3 industry growth. Hong Kong aims to become a global hub for digital assets. Web3 Harbour and HKLVAA promote knowledge sharing and regulatory clarity. Hong Kong’s Web3 industry witnessed a significant milestone on Monday as leaders came together to announce the establishment of two pioneering associations: the Hong Kong Licensed Virtual Assets Association (HKLVAA) and Web3 Harbour. The momentous occasion occurred at the highly anticipated Radical Finance Asia event, marking the beginning of a concerted effort to foster the growth and advancement of the virtual asset industry and decentralized internet within the region. In a joint statement, the associations revealed their plans to open membership applications and kick-start a series of community activities, research initiatives, and educational programs commencing in July. The founding board of Web3 Harbour boasts an impressive lineup of industry trailblazers, including prominent figures from Animoca Brands, DLA Piper, and WHub, with the esteemed participation of PwC Hong Kong as a knowledgeable partner. Meanwhile, HKLVAA’s esteemed founding members consist of representatives from the Securities and Futures Commission…

TL;DR Breakdown Tabi, an NFT marketplace previously known as Treasureland, raised $10 million in an angel funding round. Multiple venture capital firms and individual investors participated, including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, Youbi Capital, Bo Feng, Riyad AD, and Suji Yan. The funding will be primarily used to develop Tabi’s gaming ecosystem and to construct its upcoming on-chain identity protocol. In an announcement made on May 10th, Tabi, an emergent player in the world of nonfungible token (NFT) marketplaces, formerly known as Treasureland, reported the successful procurement of a significant $10 million in a recent angel funding round. The news marks a substantial milestone in Tabi’s journey as it continues to navigate the exciting landscape of blockchain technology. Tabi gets a hearty injection of capital This funding round saw contributions from renowned venture capital firms such as Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. Personal investors also made a splash, including individuals such as Bo Feng from Dragonfly Capital, Riyad AD of Saudi Arabia, and Suji Yan…

TL;DR Breakdown Cryptocurrency exchange Bybit secures “in-principle” approval to operate as a digital asset trading facility and provide custody services in Kazakhstan. The approval comes with certain pre-conditions that need to be fulfilled before the exchange can begin servicing locals in Kazakhstan. In a significant step towards global expansion, Bybit, a leading player in the cryptocurrency exchange arena, has recently announced that it has secured preliminary approval to operate as a digital asset trading facility and provide custody services in Kazakhstan. This preliminary, or “in-principle,” approval from the Astana Financial Services Authority (AFSA) paves the way for Bybit’s entry into the burgeoning digital currency market of this Commonwealth of Independent States (CIS) country. Betting on the CIS region Bybit’s co-founder and CEO, Ben Zhou, has expressed his bullish perspective on the CIS region, highlighting it as a promising ground for the development and growth of the crypto sector. This viewpoint is based on the increasing traction of digital currencies and their underlying blockchain technology across these countries. The approval from AFSA places Bybit in a strong position to capitalize on…