Author: News Room
Grindery, backed by Binance Labs, aims to simplify digital asset transactions on Telegram. The smart wallet solution enables swift cryptocurrency transfers on Telegram by leveraging account abstraction and bootstrapping millions in liquidity for TON-based tokens and dApps on the private messaging platform. Account abstraction is a crypto technology that allows users to store assets exclusively in a blockchain smart contract rather than an Externally Owned Account (EOA). Moving away from EOA unlocks a basket of programmable features for on-chain participants and provides better security. Per a statement shared with crypto.news, Grindery boasts over 700,000 sign-ups for its beta phase, which…
Amidst the cryptocurrency market downturn, the Wormhole token plummeted by about 26% from its peak. This decline followed the much-anticipated airdrop event, which distributed 617.3 million W tokens to over 400,000 wallets. Consequently, this marked a crucial phase for the Wormhole initiative, aimed at rewarding early adopters and contributors within Solana and Ethereum ecosystems. How Scammers Are Taking Advantage of Wormhole Airdrop? The Wormhole token launch was designed, aiming to decentralize the protocol’s stakeholders. It introduced a supply of 10 billion tokens, with 1.8 billion initially available as Solana Program Library (SPL) tokens on Solana. Following the airdrop, top crypto…
Ethereum and Polygon continue to outpace newer Ethereum Virtual Machine (EVM) chains in attracting new users and trading volume, Flipside’s “New EVM Users: Q1 Snapshot” report shows. As of March 27, Ethereum has garnered 13.4 million new users, while Polygon has attracted 12.3 million, accounting for approximately 70% of the new user base across all EVM chains this year. In contrast, Arbitrum has seen 4.7 million new users since the start of 2024. While Ethereum’s mainnet maintains its historical dominance, Layer-2 protocols are cumulatively processing more volume. Decentralized finance (DeFi) remains the primary draw for new users, with Ethereum leading…
Plerf price forecast: Plerf, a new cryptocurrency on the Solana blockchain, experienced a remarkable rise in value on the last day. This increase propelled the token beyond the $0.003 mark, leading to a substantial 175% growth. Currently, Plerf price is at $0.0035, with bullish ahead. The token’s significant gain has drawn the attention of both investors and traders, resulting in a surge in its trading activity. Read the full article here
Amid what seems to be a crusade waged by the United States Securities and Exchange Commission (SEC) against the cryptocurrency industry despite the lack of clear regulatory guidelines, legal expert Bill Morgan has accused the agency of “making sh*t up” as they go. As it happens, the chief legal officer (CLO) at Coinbase, a crypto exchange and the regulator’s current target, Paul Grewal, pointed out the inconsistencies in the SEC’s reasoning, to which Morgan mocked the agency as making arguments up as they went, in his X post on April 4. SEC answer: “we can’t answer that, we are just…
Global investment giant, Franklin Templeton has weighed in on the recent buzz surrounding Bitcoin Ordinals. In a report titled “The Rise of Bitcoin Ordinals,” the firm’s digital assets arm, Franklin Templeton Digital Assets, explores the impact of this technology on the Bitcoin network. Ordinals and Runes: Bitcoin’s New Wave of Innovations Franklin Templeton highlights a “renaissance” in Bitcoin development spurred by Ordinals, new token standards (BRC-20, Runes), Layer 2 solutions, and DeFi applications. Ordinals, a method for inscribing data directly onto the Bitcoin blockchain, have exploded in popularity. This innovation fuels a surge in NFT activity on the network. Furthermore,…
The cryptocurrency market experienced a positive uptick on Thursday, reclaiming its position at $2.55 trillion, marking a 2.13% gain against the U.S. dollar. Despite a decrease in trading activity, with volumes at $90.78 billion over the past day, bitcoin rose by 2.3%, surpassing the $68,000 threshold, while ether saw a 0.9% rise throughout the day. […] Read the full article here
A widely followed crypto analyst is taking a look at the altcoin markets as they trade against Bitcoin (BTC). Crypto trader Michaël van de Poppe tells his 710,800 followers on the social media platform X that altcoins are down big right now when trading against BTC. “Altcoins are down 50-70% in their Bitcoin pairs. That’s an actual opportunity to get yourself positioned into them.” Despite the recent consolidation in the altcoin markets, Van de Poppe says alts still have room to grow. “… the altcoin market capitalization has seen a correction, which ultimately leads to dip buying opportunities. However, taking a look at the…
TL;DR ChatGPT predicts that well-known cryptocurrencies could lead the meme coin sector in April due to their substantial community support, while also highlighting the rising popularity of new contestants. The chatbot stresses the importance of thorough market research and awareness of the risks involved in investing in such volatile assets. No Surprises? The meme coin sector has made serious waves lately, with numerous assets of that type charting impressive price rallies and allowing savvy traders to make substantial profits. As CryptoPotato reported, the surges of Shiba Inu (SHIB) and dogwifhat (WIF) have resulted in multi-million gains (at least on paper) for some…
In a significant shake-up for the crypto market, a substantial Bitcoin transfer totaling 7,481 BTC, equivalent to $497.14 million, was unexpectedly deposited into a hot Coinbase International wallet today. The transfer, detected by Whale Alert, originated from an undisclosed wallet labeled “12BKk.” This sizable influx of Bitcoin has prompted cautious reactions within the crypto community. Historically, transfers of this magnitude to exchanges are often interpreted as indicators of bearish sentiment, suggesting that large holders, or “whales,” may be seeking to liquidate their assets. Conversely, withdrawals from exchanges typically signal bullish sentiment, implying that whales are accumulating cryptocurrency. 🚨 🚨 🚨…