Author: News Room
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…
XRP is and has been for years one of the most important cryptocurrencies in existence, largely thanks to the difficult legal situation its issuer, Ripple Labs, has been in for some time. Indeed, the popular token has arguably had its price depressed by the Securities and Exchange Commission’s (SEC) allegations that it is, in fact, an unregistered security. A judgment favorable to the regulator would have a significant impact on the entire crypto market as it would establish a precedent that even those cryptos that were never part of an initial coin offering (ICO) constitute securities. The danger was particularly…
The Financial Markets Authority (AMF) has issued a warning to savers in France regarding investment proposals by the digital asset trading platform BITGET. The AMF emphasized the need for utmost vigilance, highlighting that BITGET is not authorized to provide its services on digital assets within France. As a consequence, the AMF is prepared to take legal action to block the platform’s site. AMF Targets Unregistered Digital Asset Platforms Under the monetary and financial code, certain activities related to digital assets, including custody services, purchase or sale of digital assets, and operation of digital asset trading platforms, necessitate mandatory registration as…
The cryptocurrency exchange FixedFloat has fallen victim to a second security breach, resulting in a loss of $2.80 million. Blockchain forensics firm Cyvers sounded the alarm, revealing that suspicious transactions were detected, leading to the withdrawal of funds from FixedFloat’s hot wallet on the Ethereum (ETH) blockchain. Crypto Exchange FixedFloat Hacked FixedFloat’s incident, detected on April 2, involved the transfer of various digital assets, including ETH, USDT, WETH, DAI, and USDC, to a dubious address. The malicious actors swiftly converted these assets into ETH through a decentralized exchange (DEX) before moving the entirety to eXch. Following these transactions, the compromised…
Airdrop season is in full swing, with apps, protocols, and other projects seizing upon signs of an impending bear market to finally drop their tokens—and potentially reward millions of crypto users in the process. What exactly is an airdrop, though? When it comes to crypto tokens, an airdrop is typically a way for a project to reward its early users and contributors by giving them a share of a newly launched token, all while spreading the tokens far and wide for decentralized governance. When it comes to blockchain networks and tokens primed specifically for gaming, there are some pretty compelling…
The cryptocurrency exchange FixedFloat has fallen victim to a second security breach, resulting in a loss of $2.80 million. Blockchain forensics firm Cyvers sounded the alarm, revealing that suspicious transactions were detected, leading to the withdrawal of funds from FixedFloat’s hot wallet on the Ethereum (ETH) blockchain. Crypto Exchange FixedFloat Hacked FixedFloat’s incident, detected on April 2, involved the transfer of various digital assets, including ETH, USDT, WETH, DAI, and USDC, to a dubious address. The malicious actors swiftly converted these assets into ETH through a decentralized exchange (DEX) before moving the entirety to eXch. Following these transactions, the compromised…
Cryptocurrency trading platform Crypto.com is entering the South Korean crypto market with its app launch. “We spent significant time and resources tailoring our offering for this market and are honored to be the first and largest global cryptocurrency exchange to launch in South Korea,” said an executive of the crypto firm. ‘The First Product We […] Read the full article here
Longer-term Bitcoin (BTC) holders have begun trading their coins off to new investors entering the market, according to on-chain analytics firm Glassnode. In a new report, Glassnode says that Bitcoin’s recent move into price discovery above new all-time highs has enticed holders who were far in profit to distribute to a newer investor cohort. The firm uses the Realized Cap metric, which records the price at which each coin moved and aims to gauge how many holders are in profit or at a loss, is currently at an all-time high, according to Glassnode. “This results in spent coins generally being…