PRESS RELEASE. HONG KONG —February 26, 2024 – QED, the world’s first zk-Native blockchain protocol, announced today it has raised $3 million in a funding round led by Arrington Capital with participation from several prominent venture capital firms and companies including Paper Ventures, Starkware Draper Dragon, Blockchain Builders Fund, Lbk Labs, Valhalla Capital, Edessa Capital …
Monthly archives: February 2024
Market Expert Highlights Top Coins To Watch As Ethereum (ETH) Reaches 22-Month High
Market expert Miles Deutscher has identified several key trends and developments in the cryptocurrency market, particularly focusing on the Ethereum (ETH) rally and its implications for Layer-2 (L2) decentralized finance (DeFi) altcoins. Deutscher highlights that ETH’s recent surge to a 22-month high of $3,130 has sparked increased interest in L2/DeFi altcoins, presenting potential opportunities for …
Arbitrum Beats Ethereum and Solana With 119% Surge In NFT Sales, NFT Resurgence On The Horizon?
Arbitrum (ARB), the Ethereum Layer 2 scaling solution, has been facing a bearish week after failing to establish a new price floor and falling below the $2 level. Additionally, the unlocking event scheduled for March could negatively impact the token’s price. Despite ARB’s recent drop, the blockchain has seen a greater performance in the non-fungible …
Crypto Analyst Sounds Warning Alarm: Last Chance To Buy Bitcoin And Ethereum Before Bull Run
Crypto analyst Rager recently provided valuable insights to Bitcoin and Ethereum investors ahead of the imminent bull run. As part of his statements, he revealed the best time to go all in on the two largest crypto tokens by market cap, Bitcoin and Ethereum. “Last Great Opportunity For This Cycle” Rager opined in an X …
OG Ethereum ERC-404 Token PANDORA Is Rallying Again, What’s Behind It?
PANDORA, the first token to use the Ethereum ERC-404 token standard, is on the move after slowing down for a few weeks. The token’s price saw a significant surge over the weekend, rising around 50% to clear $24,000 once more. This recovery was triggered by a number of factors, so here they are. Whales Set …
Continue reading “OG Ethereum ERC-404 Token PANDORA Is Rallying Again, What’s Behind It?”
Will Worldcoin End In “Tears”? This Analyst Thinks So
One analyst on X is concerned about the long-term sustainability of Worldcoin (WLD), a project aiming to build a universal digital identity system. While acknowledging the project’s innovative approach and recent upswing that has seen WLD more than 4X, the analyst thinks “Worldcoin will end in tears.” FDV Versus Market Cap Soars Doubt: A Massive Price Dump …
Continue reading “Will Worldcoin End In “Tears”? This Analyst Thinks So”
Hong Kong-based Crypto Exchange BitForex Halts Withdrawals After $56 Million Leaves Wallets: Report
A top Hong Kong-based crypto exchange has halted withdrawals on its platform after over $56 million was taken out of its wallets last week. According to on-chain investigator ZachXBT, BitForex engaged in some “suspicious activity” last week. “Seeing some suspicious activity with the crypto exchange BitForex. On Feb 23 their hot wallets saw outflows of …
Mysterious ‘Mr. 100’ Quietly Buying Bitcoin in Massive Quantities, Say On-Chain Analysts – Here’s Who the Entity Might Be
On-chain analysts are trying to figure out who owns a Bitcoin wallet that’s accumulating huge amounts of BTC at a relentless pace. The unknown entity dubbed “Mr. 100” has bought at least 100 BTC nearly every day including weekends since February 14th – accumulating a total of 3806.54 BTC worth $207,996,959 in that brief time …
Could Bitcoin’s pseudonymous creator Satoshi Nakamoto become richer than Elon Musk?
Bitcoin‘s pseudonymous creator, Satoshi Nakamoto, is currently the 26th richest human being on the planet based on the amount of BTC he is presumed to have owned. Nakamoto famously holds a little over $1 million Bitcoin in a wallet that has been dormant for more than a decade, which is also the primary reason many …
Bitcoin reclaims $54k two years after painful crash at the start of winter
Bitcoin (BTC) surged 6% on Feb. 26 to a new two-year high of $54,910 after US markets began trading, an indication of rising interest in the flagship crypto from retail and institutional investors. Bitcoin was trading at roughly $54,650 as of press time, up 5.6% on a daily basis, with a market cap of $1.07 …
Continue reading “Bitcoin reclaims $54k two years after painful crash at the start of winter”
Polygon spinoff Avail raises $27 million in seed funding to build Web3 infrastructure
Avail, a blockchain infrastructure project, raised $27 million in its seed funding round led by notable venture capital firms Founders Fund and Dragonfly, according to a Feb. 26 statement shared with CryptoSlate. The raised capital will fuel the development of Avail’s three fundamental products: Data Availability (DA), Nexus, and Fusion. These components, forming what it …
Ted Cruz spearheading anti-CBDC bill over financial privacy, government overreach concerns
A group of Senate Republicans, led by Senator Ted Cruz of Texas, is taking legislative steps to restrict the Fed’s capacity to introduce a central bank digital currency (CBDC), spotlighting the issue as a potential focal point in the 2024 presidential campaign discussions. The legislative effort reflects broader concerns over privacy and the role of …
Saturn secures $800k for Bitcoin-based decentralized exchange development
Saturn, a peer-to-peer order book built on the Bitcoin network, secured $800,000 for its seed funding round led by Sora Ventures, according to a Feb. 26 statement shared with CryptoSlate. With this capital, Saturn intends to expedite its vision for Bitcoin-based fungibility. The funds will fuel further advancements in its technical infrastructure, team expansion, and …
Continue reading “Saturn secures $800k for Bitcoin-based decentralized exchange development”
Argentine President Javier Milei Seeks to Penalize Central Bank Money Issuance
Javier Milei, the libertarian president of Argentina, is seeking to stop the issuance of money by the country’s central bank. Milei stated he would send a bill to Congress to penalize issuing money with jail time, explaining that central bank officials approving these movements would be incarcerated. Argentine President Javier Milei Aims to Establish Seigniorage …
Continue reading “Argentine President Javier Milei Seeks to Penalize Central Bank Money Issuance”
Kyberswap Hack: Blockchain Security Firm Reports Movement of 800 ETH From Exploiter’s Address
Blockchain security firm Peckshield revealed on Feb. 26 that an exploiter labeled address associated with the Kyberswap hack had bridged approximately 800 ether tokens from Arbitrum to the Ethereum blockchain. On the same day, the Kyberswap team unveiled revised dates for reimbursing users impacted by the hacking. Kyberswap Hacker Starts Moving Funds Peckshield Alert, a …