Author: News Room
Robinhood, the trading platform, has been initiated with a market perform rating and a $20 price target by KBW as retail trading sees a resurgence. According to the report, retail engagement saw significant acceleration in the first quarter, prompting KBW to commence coverage of Robinhood. The firm notes that Robinhood‘s share price surged notably as retail trading activity intensified. The duration of this upsurge in retail trading remains uncertain, with KBW raising questions about its sustainability. The research report highlights the potential for continued strength in retail stocks and cryptocurrency prices, suggesting that the heightened engagement from retail investors may…
Injective (INJ) price is attempting a recovery after falling through the $35 support level, marking a monthly low. Crypto whales will likely be the catalysts of the recovery, given their recent massive INJ accumulation. Crypto Whales Support Recovery Injective price is presently trading at $34 after correcting by over 16% in the past week. During the same duration, the network activity grew, as can be noticed in the daily active addresses (DAA). In instances when the price falls and DAA rises, the market flashes a buy signal. This is the case with Injective as the altcoin presents a buy signal…
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…
Tigran Gambaryan, the Binance employee detained by Nigerian authorities, is a stringent law enforcement professional with no decision-making authority, according to the crypto exchange. Through his Financial Crime Compliance (FCC) team, Gambaryan has responded to more than 600 information requests from Nigerian authorities. Gambaryan Hired to Assist Binance with Past Compliance Issues Tigran Gambaryan, an […] Read the full article here
[PRESS RELEASE – Vancouver, Canada, April 3rd, 2024] JYDS, the pioneering decentralized ecosystem built on the Solana blockchain, proudly introduces its latest innovation: JYDS Bank. As a transformative feature within the JYDS ecosystem, JYDS Bank is poised to revolutionize banking for the community of JunkYard Dogs Sol (JYDS), offering a suite of cutting-edge financial services tailored to the unique needs of its users. Empowering Financial Freedom Through JYDS Bank JYDS Bank represents a bold step forward in the evolution of decentralized finance (DeFi), empowering users with unprecedented control over their financial assets and decisions. Anchored in the principles of decentralization…
London, UK, April 4th, 2024, Chainwire StakeLayer, a Pioneer in Bitcoin L2 Restaking solutions, has announced the pre-sale distribution of $STAKE, the native token powering their platform. This pre-sale marks a significant milestone in StakeLayer’s mission to unlock the potential of DeFi for Bitcoin users. $STAKE serves as the backbone of the StakeLayer ecosystem, enabling a diverse range of DeFi activities on the Bitcoin network. The pre-sale offers an opportunity for early adopters to invest in $STAKE before it opens for public trading at the Token Generation Event scheduled for Q2 2024 Users can find more details about the Pre-sale…
While there is a decline in altcoins, led by Bitcoin (BTC), whales, turning the declines into opportunities, are pursuing new purchases. At this point, there was whale activity on the Maker DAO (MKR) front, which is generally on the whales’ radar. According to Spot on Chian’s post, five new wallets purchased 2,650 MKR from Binance, worth $9.52 million. While these wallets have already generated a profit of $619 thousand, the wallets are thought to belong to a single institution. While 5 new wallets purchased MKR, a wallet affiliated with Maker DAO also transferred 505 MKR worth $1.91 million to Wintermute.…
Ethereum price is struggling to recover above the $3,360 resistance zone. ETH is now showing signs of more losses below the $3,300 and $3,250 levels. Ethereum is facing many hurdles near the $3,350 and $3,360 levels. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There was a break below a rising channel with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a close below the $3,200 support zone. Ethereum Price Signals Downside Ethereum price traded below the $3,300 level before the bulls appeared.…
ARP Digital received a category-3 license from Bahrain Central Bank. This marks the only over-the-counter (OTC) service provider with the license in the country that specializes in digital asset structure products. Structured products have seen a “huge spike” in demand from institutional investors after the U.S. Securities and Exchange Commission’s approval earlier this year of spot bitcoin ETFs. Digital asset services firm ARP Digital, which boasts a former Goldman Sachs partner as one of its co-founders, received a license from the Central Bank of Bahrain to operate in the Middle Eastern country, providing services including crypto trading, custody, and portfolio…
A new rug pull alert sounded on Tuesday after crypto detective ZachXBT unveiled on-chain details of an alleged hack suffered by an NFT project last month. The project’s CTO announced that a response was in the works but ultimately vanished as criticism grew. Nuddies NFT, A Hack Or Rug Pull? On-chain sleuth ZachXBT revealed the alleged misuse of funds by the CTO of NFT project Nuddies NFT. In a now-deleted post, its CTO Kyle explained that the project was “derugged from its previous founder” and built differently from other NFT projects. A short investigation into how @kyledegods faked a hack…