Author: News Room
CORE, a rising token in the crypto space, has been defying the flat crypto markets with a remarkable spike of over 218% in just one week. CORE is the token of Core Network, a Bitcoin-secured, Ethereum Virtual Machine-compatible blockchain that uses a combination of proof-of-work (PoW) and proof-of-stake (PoS) as part of its consensus mechanism. In the last 24 hours, CORE is actually down by 15% thanks primarily to a plunge over the last hour or so. The coin rose as high as $3.70 earlier today, and $4.10 on Monday. But over the last week, CORE has posted enormous gains.…
Former FTX customers are finally able to take a sigh of relief knowing that Sam Bankman-Fried has been sentenced to 25 years in prison. Manhattan Federal Judge Lewis Kaplan issued the 25-year sentence to Bankman-Fried, while prosecutors pegged the FTX saga to be one of the biggest financial frauds in American history. But while this may mark the end of a chapter for FTX, a number of questions still linger. For instance, many individuals within the crypto industry are left wondering whether or not a 25-year prison sentence for Bankman-Fried is enough. 👨⚖️ What do you all think of 25…
In a bold move to combat the rampant issue of bots and trolls plaguing his social media platform X, billionaire business mogul, and entrepreneur Elon Musk says there will be a total system purge. The target of the system purge is to cleanse the platform of fraudulent accounts that have been operated by bots and trolls in perpetuating crypto scams. Read the full article here
The price of Dogecoin (DOGE) has seen a significant 21% decrease over the last few days, dropping to $0.18. This decline, while seemingly bearish, sets the stage for a potentially bullish phase, indicating an opportune moment for accumulation. Time to Accumulate Dogecoin Despite the recent drop in its market value, Dogecoin is now positioned favorably for accumulation. The Market Value to Realized Value (MVRV) ratio, which assesses investors’ profit or loss status, suggests that DOGE is ripe for buying. Currently, Dogecoin’s 7-day MVRV ratio stands at -7.55%, indicating that many holders are at a loss—a condition that historically precedes a…
The chief investment officer of Goldman Sachs’ Wealth Management unit does not see cryptocurrency as an investment asset class. She also believes that bitcoin “creates absolutely no value in any shape or form.” Her perspective differs from that of some other Goldman Sachs executives regarding bitcoin and cryptocurrencies. ‘We Do Not Think It Is an […] Read the full article here
The hacker responsible for the $321 million Wormhole bridge hack was initially considered qualified for a recent airdrop of a newly launched W token where the explorer could claim $50,000. The Wormhole bridge suffered an exploit in February 2022, making it one of the most significant hacks in the crypto industry’s history. Wormhole Airdrop Lists Hacker as Eligible On April 3, Wormhole announced its airdrop of more than 675 million W tokens, worth about $850,000 at current prices, to eligible users. A day later, Pland, a pseudonymous researcher, claimed that the Wormhole team overlooked excluding certain wallet addresses associated with…
Ethereum NFT-driven property Doodles announced Thursday that it is developing an animated film called “Dullsville and the Doodleverse,” featuring contributions from prominent musicians Pharrell Williams, Dwayne “Lil Wayne” Carter, and Coi Leray. “Dullsville and the Doodleverse” is being produced internally at Golden Wolf, the veteran animation studio that Doodles acquired in January 2023, and will be directed by Doodles co-founder and illustrator Scott “Burnt Toast” Martin. Billed as a “groundbreaking animation and music experience,” the film will feature music from Williams, who was named Chief Brand Officer of Doodles back in June 2022. The project will release a soundtrack via…
Bitcoin-focused blockchain Elastos is partnering with the decentralized physical infrastructure networks (DePIN) network IoTeX on digital identity validation. However, the collaboration also aims to bring Bitcoin’s robustness and trust to the forefront of DePIN, marking a significant leap toward integrating digital and physical assets using Bitcoin. The partnership represents an effort to leverage Bitcoin’s Layer-2 capabilities, specifically through Elastos’ approach, to enhance the functionality and accessibility of real-world assets (RWA) like buildings, equipment, and other capital-intensive assets. By integrating these assets with blockchain technology and IoT (Internet of Things), the collaboration aims to create a seamless, secure, and efficient ecosystem…
Following Ethena’s ENA airdrop, the community has shifted its focus on Wormhole’s airdrop W, which has been listed on various centralized exchange platforms and coin market cap aggregators. The new token known as W has seen an extremely volatile day with the price tapping an all-time high at $1.66 per coin. Wormhole’s New Airdrop W Makes Waves in Crypto Markets Wormhole‘s cryptocurrency, colloquially known as W, became a focal point in the crypto community this Wednesday following notable market activity. The token plummeted to a record low of $1.25, only to soar to a high of $1.66 per unit, as…
Economist and writer Peter Brandt, who stated that he has been trading on the stock exchange as a trader since 1975, made words that would anger Ethereum supporters in his latest statement. Brandt said that Ethereum is a “garbage coin”, that he is tired of saying this over and over again, and that the devotion of ETH supporters to this coin does not change their minds. According to the analyst, Ethereum is useless as a store of value and is trying to become a Bitcoin imitator. In addition, Brandt claimed that ETH is functionally garbage. The analyst cited the fact…