Author: News Room
Transfers from AssangeDAO’s address raise concerns of possible rug pulls, prompting scrutiny over transparency and financial practices. Having launched in 2022, AssangeDAO quickly gained prominence for its affiliation with Julian Assange, an Australian hacktivist known for founding WikiLeaks, a platform dedicated to publishing classified information from anonymous sources. With Assange facing extradition following a UK High Court ruling in 2021, supporters formed AssangeDAO, aiming to advocate for his release. The campaign raised over 17,400 ETH in crypto donations, including a contribution from Ethereum co-founder Vitalik Buterin. @VitalikButerin talk about @AssangeDAO He is still support this dao, free Assange and justice…
In a financial landscape increasingly captivated by the allure of cryptocurrencies, Sharmin Mossavar-Rahmani stands as a steadfast beacon of skepticism. As the Chief Investment Officer of Goldman Sachs Wealth Management for over two decades, Mossavar-Rahmani has adeptly navigated through the complexities of the financial markets, advocating for traditional investment principles. Despite the escalating trend of digital currencies, she remains unwavering in her critical stance, a position not only reflective of her own convictions but also echoed by the lack of interest in cryptocurrencies among her clients. Her tenure has seen her advising wealth advisers, clients, and traders, with her insights…
North American Bitcoin mining company Bitfarms Ltd. has taken a bold step with a $240 million investment into upgrading its mining capabilities. This upgrade is strategically timed to precede the expected Bitcoin halving event, which is anticipated to occur on April 20, 2024. Bitfarms’ Bold Leap in the Anticipation of Bitcoin Halving Bitfarms has confirmed the acquisition of new mining equipment as part of its fleet upgrade and expansion plan. According to Geoff Morphy, President and CEO of Bitfarms, the company secured 28,000 Bitmain T21 miners in March. These miners were obtained through a purchase option. Additionally, they acquired an…
According to Nick Yushkevich, standardization of blockchain data formats is crucial as it enhances the interoperability of distinct protocols and fosters broader adoption of the technology. Yushkevich, the director of product at blockchain infrastructure provider Quicknode, added that such standardization helps to improve communication between systems. Unlocking the Full Potential of Blockchain Data Yushkevich stated […] Read the full article here
TL;DR Shibarium, the layer-2 scaling solution for Shiba Inu, continues to make waves in the cryptocurrency space, frequently smashing various milestones. The network’s progress and a successful token-burning mechanism that removed over 15.5 billion SHIB from circulation last month hints at a potential price rally. Shibarium’s Latest Achievement Despite its price decline in the past seven days, the popular meme coin – Shiba Inu (SHIB) – keeps making the headlines thanks to the advancement of its layer-2 scaling solution Shibarium. According to Shibariumscan, total blocks on the network exceeded the 4 million milestone, whereas wallet addresses are inching toward 1.4 million. As CryptoPotato reported a…
In the last few days, there has been a significant drop in the price of Bitcoin. The decline started on Monday, especially after the reopening of the stock exchanges following the weekend closure. At first, the price of BTC dropped from $71,000 to $69,000, but then it also dropped to $68,000. However, yesterday the decline continued, with a drop even below $65,000. This decline seems to have stopped yesterday afternoon, after the opening of the US stock market. The role of US Treasury on the movement of Bitcoin price The drop of the past few days The reasons for the…
Decentralization brings untold benefits to the financial industry, introducing trustless protocols with self-custody of assets, helping to foster innovation and give users more control. But like all new technologies, it must overcome some tricky hurdles if it’s to go mainstream, and few are bigger than the challenge of liquidity. The lack of liquidity in DeFi is a significant problem because decentralized protocols are entirely reliant on it, and if they don’t have it, it can prevent them from functioning properly, resulting in uncontrollable asset price volatility, high slippage and inefficient market making. The issue stems from the fact that decentralized…
Tezos Blockchain has a new member in its Foundation Council: former French minister Fleur Pellerin. In addition to being Minister of Culture and Communication, Pellerin is also the head of a venture capital fund with investments in Web3 Ledger, Bitfury, and Ramp. Tezos Blockchain and the entry of former French minister Fleur Pellerin into the Council Tezos Blockchain and the new addition to the Foundation Council The two proposals of the Paris protocol Tezos Blockchain and the entry of former French minister Fleur Pellerin into the Council The Blockchain of Tezos has announced to have a new member in its…
The U.S. Securities and Exchange Commission has filed Fidelity’s spot Ethereum ETF application. However, according to analyst James Seyffart, ETF approval odds remain low despite the recent filing. “Nothing in the filings signal to me that anything has changed,” the analyst said on the X social media network. The analyst has added that silence from the SEC is not a good thing, which implies that ETF approval remains unlikely for now. As reported by U.Today, Ethereum approval odds remain at a mere 25%, according to leading analyst Eric Balchunas. Last month, multiple legal analysts opined that the SEC was likely…
Binance, one of the leading cryptocurrency exchanges, announced that it supports the Neutron (NTRN) network upgrade, which is planned to start at approximately 17:30 on April 10, 2024. Binance Will Facilitate Neutron (NTRN) Network Upgrade In preparation for the network upgrade, Binance will temporarily suspend token deposits and withdrawals on the Neutron (NTRN) network, ensuring a smooth transition and optimal user experience. The upgrade is scheduled to take place around 16:30 on the same day, at block height 9,034,900. Despite the suspension of deposits and withdrawals, trading activities involving tokens on the Neutron network will not be affected during the…