Author: News Room

Token debuts at $1.66, $3 billion market cap. Heavy congestion on Solana-based decentralized exchange OpenBook causes downtime. A 6% share of the total supply was allocated to the airdrop. Cross-chain bridge Wormhole initiated an airdrop that will see early users rewarded with 617 million of its newly issued governance token, W. The token opened at $1.66 on Solana-based decentralized exchange (DEX) OpenBook with a market capitalization of $2.98 billion and a fully diluted value figure of $16.5 billion, according to CoinGecko. OpenBook experienced a period of heavy congestion after the token was released with several users reporting that it was…

Binance, the world’s largest cryptocurrency exchange, has expanded access to its Portfolio Margin previously reserved for VIP users and now available to non-VIP traders with a minimum balance of 100,000 USDT in their cross margin and futures wallets, according to the information shared with Finbold on April 3. This move is set to bolster capital efficiency and give new opportunities to users with complex trading strategies who may not qualify for VIP status. In addition to the expansion, Binance has also introduced a new Portfolio Margin wallet, which streamlines management by consolidating USDⓈ-M Futures, COIN-M Futures, and Cross Margin wallets…

Fantom price faced a rejection to fall nearly 30% as a breakout proved premature. FTM could drop 25% to provide another buying opportunity around $0.6467 as broader markets dump. Invalidation of the bearish thesis would occur upon a break and close above $1.2350. Fantom (FTM) price was not an exception on Tuesday, dumping alongside the rest of the cryptocurrency market. With altcoins taking their cues from Bitcoin (BTC) price, the only difference is that even if the pioneer cryptocurrency started to correct, and with it FTM price, the altcoin would only be attractive if it completed its downswing. Also Read:…

In British Columbia, Canada, authorities have targeted assets linked to QuadrigaCX, a defunct cryptocurrency exchange, through an unexplained wealth order. This legal maneuver aims to seize cash, 45 gold bars, and luxury items from a safe deposit box associated with Michael Patryn, a founder of QuadrigaCX. An unexplained wealth order requires individuals to justify their asset’s origins, underlining the government’s stance against illicit financial gains. Mike Farnworth, British Columbia’s public safety minister, emphasized the province’s commitment to combating financial crime, stating, “Through this action, we are demonstrating again that criminals will have to prove that their assets are the proceeds…

The first quarter of 2024 has unfolded as a pivotal chapter in the narrative of Web3 security, marked by both notable achievements in threat mitigation and profound challenges. This report synthesizes key findings from AI Web3 security firm Cyvers’ comprehensive analysis of security incidents in Q1 2024, highlighting emerging threats and underscoring the importance of resilience within the ecosystem. Executive Summary Amid the continuous advancement of DeFi, DePIN (Decentralized Physical Infrastructure Networks), RWAs (Real World Assets), and other blockchain-based applications, we’ve observed a corresponding escalation in sophisticated security threats. Attack vectors have diversified, with code vulnerabilities leading to substantial financial…

A cryptocurrency trader has managed to turn just 0.1 Ether ($ETH) into over $8.3 million on Coinbase’s Layer-2 scaling solution Base in less than a week by trading little-known cryptocurrencies with market capitalization below the $5,000 mark. In a post shared on the microblogging platform X (formerly known as Twitter) on-chain analysis service Lookonchain detailed the story of pseudonymous cryptocurrency trader Larp von Trier, after the trader said they would be hunting for tokens on Base with small market capitalizations One of their first trades was on a meme-inspired cryptocurrency called Keyboard Cat ($KEYCAT) at a time in which it…

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…

The Bitcoin Cash network has witnessed its halving event at block height 840,000, leading to a reduction in the miner reward to 3.125 coins per block from the previous 6.25 coins. Miner Rewards Halved on Bitcoin Cash Network The latest block data reveals that the Bitcoin Cash (BCH) network has undergone its anticipated reward-halving event. […] Read the full article here

A popular crypto trader is bullish on a blockchain gaming platform. The pseudonymous analyst known as Altcoin Sherpa tells his 213,600 followers on the social media platform X that he sees Gala (GALA) finding support at $0.053 and $0.046, which represent the 0.5 and 0.618 Fibonacci retracement levels. The analyst believes that GALA may bounce after hitting the Fibonacci areas. “GALA: buy here in green boxes if you like money.” GALA is nearing that range and trading at $0.0567 at time of writing. The 58th-ranked crypto asset by market cap is down more than 9% in the past 24 hours.…

[PRESS RELEASE – Please Read Disclaimer] CONF3RENCE 2024 and BLOCKCHANCE are thrilled to announce their union, marking the inception of a flagship Web3 event in the Ruhr area, Europe’s economic powerhouse. BLOCKCHANCE has already demonstrated the possibilities of the German Web3 ecosystem. Together, aiming to build a bridge between traditional economy and Web3, this union propels CONF3RENCE to a leading position on a global level. Scheduled for May 15th and 16th at Signal Iduna Park in Dortmund, Germany’s largest stadium, CONF3RENCE aims to bridge the traditional economy with the burgeoning Web3 and AI sectors. The event is set to be…