Author: News Room
Circle, a worldwide financial tech platform, has recently announced its latest collaboration with HEC Paris. The partnership reportedly focuses on the establishment of a research center called “HEC Paris Center on the Future of Money and Digital Assets.” The company took to its official account on X to announce the respective development. 1/ We are delighted to announce that we have partnered with the prestigious @HECParis to launch the ‘HEC Paris Center on the Future of Money and Digital Assets.’ 👇https://t.co/x4uslBUFk6 pic.twitter.com/9vb3sH5Ebw — Circle (@circle) April 8, 2024 Circle and HEC Paris Collaborate to Establish a Research Center for Digital…
Fantom is the latest Layer 1 blockchain actively courting meme coins amid the wave of explosive growth these assets have had. Andre Cronje, the network’s founder, disclosed his ongoing examination of meme coins and the potential potential integration into Fantom. Fantom’s Andre Cronje Eyes Community Safe Meme Coins Cronje revealed that he is currently working on crafting a framework for launching, nurturing, and safeguarding community-centric meme coins. However, this endeavor has left him feeling exasperated, owing to the inherent volatility and limited utility linked to these digital assets. Still, this initiative hints at Fantom’s imminent entry into the expanding array…
Ethereum’s value surged alongside Bitcoin’s rise past $70,000, reflecting positive market sentiment. Despite experiencing a correction after trading within a narrow range, Ethereum’s price hints at bullish momentum. If Ethereum maintains support above $3,472.75, it could test resistance levels at $3,666.11 and $3,881, while a trend reversal may lead to testing support at $3,274. Ethereum recently gained value as Bitcoin surged past the $70,000 level. This surge in Ethereum’s price comes as the highly anticipated Bitcoin Halving event draws closer, with the consolidated market sentiment suggesting a rise in the number of Hodlers, highlighting a positive outlook for the crypto…
Due to the ongoing meme coin frenzy, DEXs on the Solana network have taken up the majority of trading volume over the past 24 hours. According to CoinGecko, Solana-based decentralized exchanges (DEXs) accounted for most trading volume over the past 24 hours. The top three were Raydium, Jupiter, and Orca. Raydium’s volume in the last 24 hours was $2.2 billion, almost double that of Uniswap V3 on Ethereum. Weekly DEX volume on Solana has been increasing relative to Ethereum for nearly four months. Currently, the weekly DEX volume on Solana divided by the weekly DEX volume on Ethereum is 29.4%,…
Crypto Price Prediction: The first week of April has been highly volatile for the cryptocurrency market followed by the Bitcoin price breakdown below $70000. The overhead supply shifted the BTC price sideways while a majority of major altcoins witnessed notable correction. Read the full article here
A recent study by cybersecurity firm Blockaid uncovered that a staggering 50% of presale tokens launched on the Solana blockchain between November 2023 and February 2024 were malicious. This alarming statistic has raised serious concerns about the security of the Solana ecosystem. Solana’s Presale Involves 50% Fake Tokens Blockaid’s co-founder, Ido Ben-Natan, said that the surge in fraudulent activity on Solana can be attributed to two primary factors. “Firstly, the exponential increase in pre-sale token uptake in February and March, fueled by the popularity of legitimate meme coins, has provided fertile ground for scammers,” Ben-Natan explained. He further noted that…
Cryptocurrency exchange Coinbase says bitcoin dips are likely to be “more aggressively bought compared to previous cycles, even as volatility persists during price discovery.” The crypto firm noted that the impact of U.S. spot bitcoin exchange-traded funds (ETFs) and the larger inflow of institutional demand can be seen in the open interest of bitcoin futures. […] Read the full article here
The Blockchain Association, a prominent crypto advocacy group, is showing support for the two developers of mixing service Tornado Cash in their legal battle against the United States. Last year, the U.S. Department of Justice (DOJ) charged Tornado Cash founders Roman Storm and Roman Semenov with aiding the North Korean hacking group Lazarus in laundering illicit funds through the mixing service. Last week, lawyers for Storm pushed to have the case dropped, arguing that the developer simply created decentralized software solutions to “provide financial privacy to legitimate cryptocurrency users,” which is technically not a crime. Now, the Blockchain Association is…
Chinese mainland-based equity funds are reported to have filed applications to introduce spot Bitcoin exchange-traded funds (ETFs) through their Hong Kong subsidiaries. The development comes amid a month-long surge in crypto prices and heightened efforts by Hong Kong to establish itself as a global fintech hub. China Equity Funds Apply for Bitcoin ETFs According to Security Times, a Chinese state-owned newspaper, not all the companies applying have been named. However, it has been confirmed that Harvest Fund Management’s Hong Kong branch is among those awaiting approval from the Securities & Futures Commission (SFC) of Hong Kong since January. Harvest Fund…
Chainlink, a leading blockchain platform, has announced the launch of the Chainlink Block Magic Hackathon: “Become an Onchain Wizard”. Aimed at first-time developers venturing into blockchain development, this hackathon offers a unique opportunity to immerse oneself in the world of coding for blockchain applications. Unlocking Opportunities for Aspiring Developers The Chainlink Block Magic Hackathon presents a plethora of opportunities for participants. Firstly, winners of the hackathon stand a chance to join the exclusive Chainlink BUILD program, gaining access to invaluable startup support and mentorship. Additionally, standout projects have the potential to be promoted across Chainlink’s extensive network, providing exposure to…