Author: News Room
Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per token. Currently, it ranks among the top 100 coins by market capitalization, boasting a total valuation of $1.36 billion at the time of reporting. Rapid […] Read the full article here
TL;DR Shiba Inu achieved a two-year high in its price last month, topping the list of the most-traded digital assets on one popular cryptocurrency exchange. Despite a recent price dip, multiple analysts, including prominent figures on social media platforms, predict a bullish future for SHIB, with forecasts ranging from reaching all-time highs to doubling in price. Shiba Inu’s Success Last Month The second-largest meme coin experienced a solid rally in March, with its price charting a two-year high at the start of the month. The pump caught the eye of numerous traders, and many jumped on the bandwagon, attempting to make substantial…
Renowned trader Peter Brandt recently stirred up the crypto space with a bold proclamation on X, asserting Bitcoin’s regal supremacy over gold in the long term. Brandt, a veteran in the trading arena, depicted Bitcoin as the undisputed monarch, relegating gold to the status of a mere baron while dubbing silver as the court jester. Backing his assertion with a compelling chart, Brandt illustrated the steady decline of gold’s value against Bitcoin since the latter’s emergence on exchanges in the early 2010s. Over the span of 12 years, gold’s value plummeted from 740 BTC to a mere 0.0352 BTC, lending…
In recent days, the attention of the DeFi world has been monopolized around the emerging project Ethena Protocol and its flagship product USDe, both at the center of a dispute between the MakerDAO and Aave communities. The possibility of using USDe to generate high returns is contrasted with the fear of facing the next UST-style stablecoin, miserably depegged during the Terra/Luna ecosystem collapse. What’s happening? Let’s see everything in detail below. MakerDAO adds USDe, Ethena’s synthetic dollar: the Aave community is not happy about it Aave does not share MakerDAO’s vision and proposes to remove DAI from its lending platform…
Interoperability and staking hub Picasso Network has successfully integrated the Inter-Blockchain Communication (IBC) Protocol with Ethereum. This means that Ethereum can now transfer assets and data natively with the Cosmos Hub, Polkadot and Kusama via IBC. According to Picasso, more chains will be connected in the near future, including Solana. Most bridging protocols today use the lock and mint or lock and burn method to transfer across blockchains, which can pose a security risk. Other blockchains introduce trust assumptions by introducing third parties who oversee these transactions. For this reason, native bridging is often considered the most secure way for…
Dog-themed cryptocurrency Shiba Inu (SHIB) is on the brink of achieving a significant milestone, approaching the four million mark in total addresses, which refers to all addresses that have ever been created and at one point have held SHIB, including those that still do. This comes as the SHIB adoption rate has significantly increased, indicating growing interest in the cryptocurrency. IntoTheBlock data indicates that Shiba Inu has reached 3.98 million total addresses, boosted by a surge in new addresses being created as SHIB peaked at highs of $0.00004575 on March 5. According to data from the same source, Shiba Inu’s…
KuCoin, one of the most prominent crypto trading platforms globally, has endorsed the Solana-based project Wormhole (W) token. Wormhole is a cross-chain messaging platform that allows money to move across blockchains. KuCoin disclosed its intent to welcome Wormhole’s W token via its official website and X handle. Per the notification, KuCoin has added W to its list of tradable crypto assets. 💥World Premiere💥📢 New Listing@wormhole $W Gets Listed on #KuCoin! 💎Pair: W/USDT💎Deposit: now open (network: SOL-SPL)💎Trading: 12:00 on April 3, 2024 (UTC) — KuCoin (@kucoincom) April 2, 2024 Furthermore, in the report, KuCoin expressed delight in listing Wormhole token on…
The top crypto prices today continued declines as the Bitcoin (BTC) price kept trading near the $66,000 level. In addition, the Ethereum price geared up to drop below the $3,300 mark. Meanwhile, other top altcoins, such as XRP, and Cardano (ADA) plunged notably while Solana (SOL) rebounded. Read the full article here
Nigeria’s federal government is “working with” the International Criminal Police Organization (Interpol) with a view to extraditing a Binance executive who escaped detention in the country, according to reports in local media. According to a government source quoted in local publication Punch, Nigeria’s Economic Financial Crimes Commission (EFCC) is “partnering” with INTERPOL, the FBI and the British and Kenyan governments to secure Anjarwalla’s arrest and extradition. A second unnamed source stated that the extradition aimed to bring Anjarwalla back to Nigeria to “answer to his money laundering case in court,” after the executive escaped detention and fled the country last…
The first quarter of 2024 proved to be a challenging period for the digital currency sector. Cybercriminals siphoned off a staggering $502.52 million through 223 onchain security incidents. This figure represents a 54% increase compared to the same period in 2023, where losses totaled $326 million. Despite a minor decline from the $522 million lost in the final quarter of 2023, the numbers remain alarmingly high. What Tactics Hackers Used to Steal Users’ Crypto? According to CertiK’s “The Web3 Security Quarterly report,” in January alone, the bad actors made off with $193.1 million across 78 incidents. February and March were…