On Tuesday, centralized cryptocurrency exchange Binance announced the rollout of Binance Bridge 2.0. The feature enables users to bridge assets from any blockchain, including tokens not listed on the Binance app, to the BNB Chain. Bridged tokens listed on Binance will be stored in the Funding or Spot Wallet, while unlisted bridged tokens will be …
Continue reading “Binance launches Binance Bridge 2.0 to integrate CeFi and DeFi”
New protocols are launching every day on different networks in the crypto space and the trend is likely to continue through this year. When looking at the top five networks by total value locked (TVL) — Ethereum (ETH), Terra (LUNA), Binance Smart Chain (BSC), Avalanche (AVAX) and Solana (SOL) — according to data from DeFiLlama, Ethereum have …
Continue reading “Wonky Mars Protocol launch shows ecosystem expansion may not add to network value”
The Metaverse has become a hotspot for cryptocurrency speculators and video game players. This is because it is built in such an exciting way. The Metaverse is a digital ecosystem that aims to create an entirely interactive virtual reality incorporating augmented reality (AR), virtual reality (VR), and blockchain technology – to offer a space that …
Continue reading “What is the Metaverse and How is Dubai Embracing It?”
One cannot deny that the cryptocurrency market is one of the most volatile and fast-moving in the world. It can also be among the most rewarding. The year 2021 was unique for cryptocurrencies because the cryptocurrency market experienced a roller coaster ride. Some cryptocurrencies made unfathomable gains, while others tanked spectacularly. With such volatility, what …
Continue reading “Top Cryptocurrencies for Investment Consideration In 2022”
Lawmakers in the United States have put forward a bill that could lead the Treasury to create a digital dollar. On Mar. 28, the U.S. House of Representatives introduced a bill called the Electronic Currency and Secure Hardware (ECASH) Act. If it succeeds, the bill could lead to the creation of a digital dollar for …
Continue reading “U.S. Regulators Introduce E-Cash Bill As Step Toward Digital Dollar”
Bitcoin Price Prediction – March 29The upward rallying motion recently embarked upon by the BTC/USD trade operations has led the price to one of the potential recovery points lost sometimes ago. In a more elaborative talk, the crypto-economic market currently swings further high as it hits the $47,500 resistance line. Price is trading around $47,346 …
Continue reading “Bitcoin (BTC/USD) Market Swings Further High, Hitting $47,500”
March 29, 2022 – Denver, Colorado DeSo Blockchain announces they have surpassed 65 million transactions on their network. At the time of this writing, the DESO coin (which is already listed on Coinbase) was up over 80% on the news, according to CoinGecko. This milestone comes at a time when one of the most influential …
Continue reading “DeSo Blockchain Eclipses 65 Million Transactions As Big Names Eye a ‘DeSo Summer’”
A new report says that cryptocurrency regulations are expected to soon be released by the UK government. A CNBC report says the UK Finance Minister Rishi Sunak will provide details on the upcoming cryptocurrency regulations over the coming weeks as the country’s Treasury Department is still working on the final document. The new regulations will reportedly …
Continue reading “New Sweeping Crypto Regulation Regime To Be Introduced in the UK: Report”
Odin, a decentralized system based on an open protocol, has announced the official opening of their whitelist for the much-awaited NFT metaverse game, Nine Worlds – an Odin and Dataverse project. Nine Worlds, the post-Ragnarok play-to-earn game powered by Dataverse and Odin Protocol, combines a one-of-a-kind Norse and Viking mythology to develop innovative utilities, community building …
Continue reading “Odin Nine Worlds Official Whitelist Opens for the Much-Awaited NFT Metaverse Game”
A popular crypto analyst and trader thinks three altcoins are primed to surge in price after enduring a multi-month downtrend. Pseudonymous trader Altcoin Sherpa tells his 170,800 Twitter followers that “nobody sane” is calling for new all-time highs in the altcoin market right now. However, he says many crypto assets could increase in price by …
The U.S. Commodity Futures Trading Commission, or CFTC, has released its Fiscal Year 2023 (FY2023) budget request, seeking $365 million. This marks a 9.9% increase over the previous year and 20% over FY2021. The commission regulates the country’s derivatives market and has been increasingly active in recent years in policing financial products that incorporate cryptocurrencies. …
MacroStrategy, a subsidiary of business intelligence firm MicroStrategy, said it will purchase Bitcoin after obtaining a multimillion dollar loan from Silvergate Bank. In a Tuesday announcement, MicroStrategy said Silvergate issued a $205 million loan “secured by certain Bitcoin held in MacroStrategy’s collateral account.” The firm’s subsidiary MacroStrategy will be using the proceeds of the loan …
According to Axie Infinity’s official Discord and Ronin Network’s official Twitter thread, along with its Substack page, the Ronin bridge and Katana Dex have been halted after suffering an exploit for 173,600 Ethereum (ETH) and 25.5 million USD Coin (USDC), worth a combined $612 million at Tuesday’s prices. In a statement, its developers said they …
Continue reading “Axie Infinity’s Ronin bridge hacked for over $600M”
United States President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets was widely praised for acknowledging cryptocurrency and blockchain technology’s place in the world and setting the U.S. on a path toward more comprehensive regulation of the sector. The order, or EO, sets a research agenda that encompasses consumer protection, financial stability, …
Summary: The Ronin (RON) network has experienced a security breach The compromise has resulted in the loss of 173,600 Ethereum and 25.5 million USD Coin (USDC) The hack happened on the 23rd of March through the use of private keys to forge fake withdrawals The team has halted the Ronin bridge and Katana DEX Law …
Continue reading “Ronin Network Hacked for 173.6k Ethereum and 25.5M USDC”
