Author: News Room
The decline continues on the cryptocurrency market, according to CoinMarkeCap. DOGE/USD DOGE is the biggest loser today out of the top 10 coins, falling by more than 10%. On the hourly chart, the rate of DOGE might have found a local support level at $0.18. However, one should wait until the daily bar closes. If the price remains in the same place, one can expect a breakout, followed by a move to the $0.1750 zone. On the larger time frame, the rate of DOGE keeps falling after yesterday’s bearish closure. If the situation does not change by the end of…
Argentina last week moved forward with implementing a Registry of Virtual Asset Service Providers (VASP), drawing some outcry from those who hoped the nation might be heading in the direction of El Salvador’s welcoming of Bitcoin. The new law means platforms and individuals who purchase, sell, send or trade cryptocurrencies must adhere to a registration process. While the regulation appears to have been left over by the previous government, the fact that it’s moved forward and has now become law under President Javier Milei is disappointing to those who imagined Latin America was going to get another bitcoin-friendly leader. “Javier…
The meme-inspired cryptocurrency Shiba Inu ($SHIB) has seen its price drop by more than 8% over the past week amid a wider cryptocurrency market correction that has seen the price of Bitcoin drop to $65,900 at the time of writing. A popular cryptocurrency analyst, however, has recently revealed he believes SHIB could be poised for renewed growth based on technical analysis of its 6-hour chart. On the microblogging platform X (formerly known as Twitter), Captain Faibik suggested the chart show a symmetrical triangle pattern, often interpreted by traders as a bullish signal. A symmetrical triangle pattern is formed by drawing trendlines, one…
The cross-chain protocol Wormhole is gearing up to unveil its governance token, W, with an airdrop slated for April 3. This initiative marks a significant milestone, distributing a staggering 617.3 million W tokens to over 400,000 wallets. It aims to reward early adopters and contributors across Solana, Ethereum, and various other chains. Wormhole’s 617.3 Million Token Airdrop Dubbed “Wormhole Wednesday,” the launch is set for 11:30 UTC on April 3. This token airdrop aims to bolster the Wormhole ecosystem, further enhancing its commitment to facilitating seamless inter-chain transactions. “The launch of W is structured to significantly decentralize protocol stakeholders right…
PRESS RELEASE. B2Prime, a renowned multi-asset Prime of Prime liquidity provider, disclosed financial results of its Parent Company B2B Prime Services EU for January and February 2024. The report aims to highlight the company’s dedication to transparency, regulatory compliance, and market leadership. Regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services […] Read the full article here
Ethereum co-founder Vitalik Buterin has re-upped his post from 1.5 years ago on “Layer 3s”, saying that L3s won’t magically increase throughput. Still, they can reduce certain fixed costs associated with batch publishing and deposits or withdrawals. His statement comes amid concerns that Layer 3 networks are taking away from Ethereum’s value and security. L3 Doesn’t Magically Increase Throughput According to Buterin’s X post, there are alternative, potentially “lighter” approaches to achieve similar cost savings as those offered by Layer 3 solutions. However, there are other, potentially “lighter”, ways to get the same cost savings that you get from L3s.…
In a day marked by significant volatility, the global cryptocurrency market took a hit, with Bitcoin (BTC) leading the downturn. Data from CoinMarketCap shows that the global crypto market cap currently stands at $2.46 trillion, reflecting a 6.39% decrease over the last 24 hours. At the same time, Bitcoin is trading at $65,373.26, down 5.92% from its previous value. Despite the market retracement, optimistic sentiment remains strong among crypto enthusiasts. Santiment, a behavioral analytics platform, highlighted the prevailing confidence on the market. According to Santiment, crypto prices have continued their concerning retracement to kick off April. However, the crowd is…
Powerloom, a pioneering composable data network facilitating protocols to index and query blockchain data in a decentralized fashion, has announced its expansion to the Base ecosystem. This strategic move coincides with the company’s celebration of surpassing 5,200 Snapshotter Lite nodes, underscoring its dedication to delivering actionable onchain data across both Layer-1 (L1) and Layer-2 (L2) networks. Powerloom’s integration with Base, an Ethereum Layer-2 scaling solution incubated by Coinbase, signifies a groundbreaking opportunity for Base users. It introduces the capability to mint a data node, presenting a unique avenue for users to contribute to and gain from onchain data. Powerloom’s one-click…
The world’s leading crypto exchange by trading volume is incentivizing developers to build the next viral memecoin on the company’s BNB Chain. Today, Binance’s BNB Chain announced the BNB Chain Meme Innovation Battle with a prize of up to $1 million. “We’re thrilled to announce the BNB Chain Meme Innovation Battle where up to $1 million is up for grabs! This is an exciting opportunity for developers and creators to showcase their creativity and compete for amazing rewards.” According to a blog post, potential memecoin creators have until April 9th to register. The competition will take place the following day,…
The top global cryptocurrency exchange, OKX, has announced the future inclusion of Wormhole (W) into the digital assets it offers, which represents important growth in its crypto portfolio. This tactical move seeks to improve the trading experience for its worldwide users by allowing them to trade in a wider variety of digital currencies. WORMHOLE (W), characterized by its advanced technology and potential for cross-chain transactions, is set to be a major part of OKX’s trading platform. The introduction of Wormhole into the OKX lineup will be carried out in a phased manner with a systematic and well-organized three-stage process designed…