Ronak Kumar

Ahmedabad

Content writer at The Crypto Times

Management Trainee - Accounts Payable at Welspun Transformation Services Limited

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Articles

Donald Trump Jr. Rejects Truth Social Memecoin Launch Rumors

2 days ago | cryptotimes.io | Ronak Kumar

Truth Social, owned by Trump Media & Technology Group, has denied rumors about launching a memecoin. The official Truth Social account posted, “Contrary to rumors, Truth Social is not launching a memecoin.”Donald Trump Jr. also dismissed the claims on X (formerly Twitter), saying, “There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating.”There’s no truth whatsoever about Truth Social launching a memecoin.
Crypto.com Partners with Dubai for Government Crypto Payments

2 days ago | cryptotimes.io | Ronak Kumar

Crypto.com has teamed up with the Dubai government to roll out crypto payments for public services. The agreement was signed during the Dubai Fintech Summit on May 12 and supports Dubai’s vision of becoming a fully cashless and digital city. Under this partnership, Crypto.com will provide digital wallets that allow individuals and businesses to pay for government services using crypto.
Coinbase Becomes First Crypto Firm in S&P 500, COIN Surges 10%

2 days ago | cryptotimes.io | Ronak Kumar

Coinbase (COIN) will become an official member of the S&P 500 index on May 19, becoming the first crypto company to join the elite club of America’s 500 best publicly traded companies. The crypto exchange will be substituted for Discover Financial Services (DFS), acquired recently by Capital One (COF), according to a May 12 update from S&P Global. As the saying goes…“First they ignore you. Then they laugh at you. Then they fight you. Then they add you to the S&P 500.”…or something like that.
OpenAI and Microsoft Revise Deal for Future IPO Plan: Report

3 days ago | cryptotimes.io | Ronak Kumar

OpenAI and Microsoft are reportedly reshaping their long-standing partnership in a move that could clear the path for OpenAI’s initial public offering (IPO), according to the Financial Times. The talks aim to balance Microsoft’s deep investment in the ChatGPT maker with OpenAI’s ambitions to restructure its business model. Microsoft, which invested an initial $1 billion in OpenAI in 2019 and later added over $13 billion, is now negotiating new terms.
Pi Network Price Soars 35% to $1.29 in Last 24 Hours

3 days ago | cryptotimes.io | Ronak Kumar

The crypto market has been shocked by the dramatic 35% surge of Pi Network that managed to recoup the $1 level and peaking at $1.29. As a result of the rally, Pi’s total market value surpassed $8 billion, surpassing Litecoin (LTC) and Bitcoin Cash (BCH), according to CoinMarketCap. Underlying this surge is a wave of large coin movements by institutional investors called whales.
Conor McGregor to Meet Bukele Over Ireland's Bitcoin Reserve

3 days ago | cryptotimes.io | Ronak Kumar

Five-time UFC champion and Irish presidential hopeful Conor McGregor is making waves in the crypto world. After urging Ireland to build a Strategic Bitcoin Reserve, McGregor is now headed to El Salvador to meet President Nayib Bukele, a known Bitcoin supporter. The high-level meeting will take place during the Bitcoin Nation State Summit.
Did Pi Network's Supply Jump from 7B to 12B Tokens? Fact Check

6 days ago | cryptotimes.io | Ronak Kumar |Vaibhav Jha

Pi Network is back in the spotlight—this time for an unexpected surge in its circulating supply. Based on on-chain screenshots posted on social media, Pi’s circulating supply skyrocketed from approximately 7 billion to almost 12.7 billion tokens. That’s a leap of more than 5 billion Pi in a short time. The big question? Why does CoinMarketCap still display the old figure, about 7 billion Pi, as of today?
Rumble Partners with Tether to Launch Bitcoin Wallet in Q3

6 days ago | cryptotimes.io | Ronak Kumar

Rumble’s CEO, Chris Pavlovski, has confirmed that the video streaming platform will roll out its Bitcoin and stablecoin wallet in the third quarter of the year, and will compete with Coinbase Wallet. The Rumble Wallet will be developed in collaboration with the issuer of stablecoins, Tether, and will provide a unique solution for creators especially in the international market. Rumble Wallet, in partnership with Tether, will directly compete with Coinbase.
Ethereum Surges 18% to Cross $2,200 After Pectra Upgrade

6 days ago | cryptotimes.io | Ronak Kumar

Ethereum (ETH) was up 18% Thursday evening ET, going past the $2,200 mark after the much anticipated Pectra upgrade. This sharp surge followed new risk-on sentiment in the market as investors piled into the purchase of Ether. The 18% jump is the biggest single-day gain for ETH since May 2021. “The recent Pectra upgrade has regained confidence in Ethereum,” said Min Jung, a research analyst at Presto Research.
OCC Allows Banks to Offer Crypto Custody & Execution Services

1 week ago | cryptotimes.io | Ronak Kumar |Dhara Chavda

The Office of the Comptroller of the Currency (OCC) confirmed on May 7 that federally chartered banks and savings associations are now allowed to offer crypto services, such as custody and execution, including through third-party providers. This is elaborated in the Interpretive Letter 1184 and extends prior guidance to make it clear that banks can engage in the business of digital assets as long as they meet certain risk management and legal requirements.