Author: News Room

New York-headquartered financial giant VanEck recently outlined its $1 trillion base case valuation case for Ethereum layer-2 (L2) solutions. L2s solve the scalability problem by handling most transactions off the main blockchain. The main types of L2s include zero-knowledge roll-ups (ZKUs) and optimistic roll-ups (ORUs). In its lengthy report, VanEck predicts that L2s will be able to surpass Ethereum in terms of revenue due to the former’s limited transaction throughput. With that being said, the firm is bearish on the lion’s share of L2 tokens since they are not the base money in the crypto ecosystem. VanEck believes that a…

Whale Alert has recently reported a significant movement of Solana (SOL) tokens. A whopping 108,010 SOL, equivalent to approximately $20,486,950, was transferred from an unknown wallet to popular cryptocurrency exchange Binance. This substantial transfer has caught the attention of the Solana community, leading to questions about the intentions behind such a major move. The transaction suggests that a large holder of Solana, often referred to as a “whale,” might be offloading their SOL holdings. Such large-scale movements on the crypto market can have a considerable impact on the asset’s price and market sentiment. Moreover, this transfer might intensify trading activity…

The crypto exchange Binance has revealed that between 2022 and 2023 it has recovered funds worth 4.35 billion dollars in crypto assets for users who have sent or lost coins. In particular, it was about cryptocurrencies deposited but not credited to users’ wallets, usually due to errors in the transfer. Altogether, in two years he successfully handled more than 381,000 appeals, while his security team worked on recovering and freezing 55 million dollars of users’ funds in 2023 alone. The crypto exchange Binance and the recovered funds Security The comment The crypto exchange Binance and the recovered funds Binance is…

FET, AGIX, and OCEAN ecosystems are deliberating a merger under one umbrella: Artificial Superintelligence. FET vote is first of three proposals, covering the transition of the network as the home of ASI, and FET as a 1:1 conversion. Fetch.ai, SingularityNET, and Ocean Protocol are down 6%, 8%, and 7% as broader markets crash. Fetch.ai (FET), SingularityNET (AGIX), and the Ocean Protocol (OCEAN) are deliberating a landmark merger to become one Artificial Superintelligence (ASI) token. With the proposed agreement on the table, the individual communities have put the proposal to a vote, with the FET ecosystem going first. Also Read: Fetch.ai,…

In a recent statement, Coinbase Chief Product Officer (CPO), Faryar Shirshad, commended presidential candidate Robert F. Kennedy Jr. Shirshad lauded RFK Jr, who is a pro-Bitcoin candidate, for his strong advocacy toward building a crypto-friendly environment in the United States. Read the full article here

Bitcoin Miner is one of the most compelling mobile games we’ve played that pays out actual Bitcoin along the way. Unlike BTC-infused riffs on solitaire, sudoku, and other classic games, it does so in a colorful, recursive game about mining fake cryptocurrency. It’s a slam dunk for crypto enthusiasts, even though—as with all of these games—the actual amount of Bitcoin you’ll earn for casual play comes out to pennies per hour. But as we’ve logged hours into the game, we’ve discovered strategies and techniques that can easily boost your stack of satoshis (aka 1/100,000,000 BTC)—without spending a penny to buy…

A popular quantitative cryptocurrency analyst, known for his Stock-to-Flow model, has recently revealed he believes it’s “inevitable” the price of Bitcoin reaches the $100,000 mark this year, and predicted BTC will trade above $200,000 over the coming bull market cycle, and could potentially exceed the $1 million mark. In a recently published video on the Google-owned video-sharing platform YouTube, pseudonymous analyst PlanB shared with his over 140,000 subscribers that he believes it’s “inevitable” BTC’s price will break through $100,000 this year, and expressed his belief that a $200,000 peak for the cycle would be underwhelming. The analyst’s Stock-to-Flow mode where…

Crypto exchange KuCoin has seen a startling 20% drop in its user-held reserves, according to the most recent proof-of-reserves (PoR) report. The decline comes amid a wave of user withdrawals and allegations from the US government regarding alleged anti-money laundering violations. KuCoin’s Regulatory Challenges Spark User Withdrawals KuCoin’s latest PoR shows that its user-held assets reserve ratio consists of 12,115 Bitcoin (BTC), 112,763 Ethereum (ETH), 963,72 million USDT, and 39,35 million USDC. The current amount reflects a considerable decrease in its holdings of key cryptocurrencies. Compared with the last report in February, users’ holdings of BTC dropped by 25.4%, ETH…

Cross-chain messaging protocol Wormhole (W) has debuted with its new token at a $3 billion market cap following its highly anticipated launch. On Tuesday, the biggest crypto exchanges in the industry announced they were launching support for W, including Binance, OKX, Bitget, Backpack and WOO X. With the token going live early on Wednesday, so did the airdrop, which distributed 617.3 million W tokens to over 400,000 eligible wallets. Users with wallets on Sui (SUI), Solana (SOL), Aptos (APT), Injective (INJ), Osmosis (OSMO), Algorand (ALGO) and Ethereum Virtual Machine (EVM) compatible chains and members of the Wormhole Discord group were potentially eligible for the airdrop.…

VanEck believes that Ethereum‘s Layer-2 protocols will hit a collective $1 trillion market capitalization by 2030, according to a new research report published on April 3.The prediction was revealed in a detailed analysis led by VanEck senior investment analyst Patrick Bush and head of digital research Matthew Sigel.VanEck’s forecast of a $1 trillion market cap for Ethereum Layer-2s by 2030 reflects a belief in the technology’s potential to significantly enhance blockchain scalability and efficiency, marking a notable shift in the landscape of digital assets and their underlying technologies.Solving scalabilityThe investment firm’s analysis assessed the burgeoning Layer-2 ecosystem across several critical…