Author: News Room
Tardfiwhale, a pseudonymous blockchain sleuth who predicted the fall of Luna and UST, has warned about critical flaws in Ethena, a rising blockchain synthetic dollar stablecoin protocol. Tardfiwhale is asking for donations to certain entities before revealing these alleged flaws, as Ethena has no bug bounty program. ‘Critical Flaws’ Present in Ethena According to Pseudonymous […] Read the full article here
Bitcoin’s price has been exhibiting silent price action following an attempt to surpass its all-time high of $73.7K, resulting in a period of low-volatility sideways consolidation. However, there are indications of a potential corrective phase in the mid-term as the price forms a double-top pattern. Technical Analysis By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals that Bitcoin’s price encountered significant buying pressure in the crucial support region, defined by the 0.5 ($62K) and 0.618 ($59.5K) Fibonacci retracement levels. This led to a renewed bullish surge towards the $72K resistance region. However, the price failed to…
VeChain Founder Sunny Lu has teased the future of the protocol with a strong tilt toward sustainability. Lu believes billions of users will leverage VeChain’s solution in the future, a move bolstered by the integration of incentives. Sunny Lu, Founder of VeChain (VET), the enterprise-grade smart contract protocol designed to trigger the mass adoption of blockchain technology, has provided a glimpse into the network’s mission and vision to promote sustainability and reward positive behavior within its ecosystem. Rewarding Positive Behavior In an exclusive interview with Ajwritescrypto on YouTube, Lu emphasizes the importance of providing a platform where individuals are incentivized…
Crypto Price Prediction: The cryptocurrency market entered April on a bearish note showcasing a 2-3% drop in Bitcoin and Ethereum in the last 24 hours. This downtick evaporated the modest growth the BTC price witnessed during the easter holiday prolonging its current sideways action. The asset has been consolidating for over a week creating an uncertain sentiment among market participants. Read the full article here
The team behind Solareum, a Telegram trading app for buying and selling Solana-based tokens on the popular messaging platform, announced that it would shut down after being tied to an exploit that saw some $523,000 worth of SOL drained from user wallets last week. The wallet-draining exploit, which is estimated to have affected more than 300 Solana users, occurred late last week. Initially, some users believed that popular Telegram trading bot BONKbot was somehow responsible for leaking users’ private keys. However, the team behind the BONK meme coin denied that their Telegram bot had a security lapse and said that…
Sam Bankman-Fried (aka “SBF”), the former cryptocurrency entrepreneur behind the fallen exchange FTX, was sentenced to a 25-year prison term for a series of financial frauds. In recent exclusive correspondence with ABC News, Bankman-Fried conveyed a deep sense of remorse for his actions that precipitated one of the most dramatic downfalls in the crypto industry. The sentence concludes a tumultuous 17-month period that began in November 2022 when FTX, once a leading global cryptocurrency exchange, collapsed, leading to an $8 billion loss for its customers. According to the report by ABC News, Bankman-Fried’s resignation followed the implosion, and the company’s…
April is shaping up to be a monumental month in the crypto industry, with pivotal news poised to influence the market. From significant block reward halvings to high-stakes legal developments and landmark project launches, here is what to watch. Block Reward Halvings: BCH and BTC April marks the anticipated block reward halving for two major cryptocurrencies: Bitcoin (BTC) and Bitcoin Cash (BCH). Market participants expect the BCH halving around April 3, which will slash mining rewards from 6.25 to 3.125 BCH. This event, crucial for controlling the coin’s inflation and supply dynamics, often triggers speculative interest due to the reduced…
The government of Argentina is calling on all local crypto firms to register with its new regulatory body dedicated to the sector – or to cease operating entirely. On March 14, the nation’s senate passed legislation approving the Registry of Virtual Asset Service Providers, in line with recommendations from the Financial Action Task Force. More Regulation In Argentina? Argentina’s National Securities Commission (CNV) announced the registry’s creation on March 26, saying the regulations are required to “identify the human and legal persons that provide services related to cryptoassets in the country.” That includes businesses allowing customers to buy, sell, trade,…
Bitcoin is described in a number of ways, depending on who you ask. Many have heard it called a scam or something similar. JPMorgan Chase CEO Jamie Dimon has labeled BTC “a pet rock,” while Warren Buffett got creativity points for reportedly saying in 2018 it is “probably rat poison squared.” I’m not sure how square roots work on non-numbers, but there’s no doubt many rodents were killed in the making of that metaphor. What were we talking about again? Oh yeah. But then there’s another contingent entirely that believes wholeheartedly in bitcoin’s ethos — an asset with a finite…
Stakin, a popular staking-as-a-service provider, has recently passed an exclusive proposal. As per the company, the proposal is ‘Timely Vote Credits’ which will launch on Solana’s mainnet to make the network more transparent and profitable. On its official X account, Stakin expressed enthusiasm regarding the latest update. Proud to announce that we’ve voted YES to enabling Timely Vote Credits on Solana Mainnet. We believe that TVC will make Solana fairer and more performant.For context:– https://t.co/K52r8g0r2p– https://t.co/PKbYuJlkIVMake sure your validator votes too 🗳️ — Stakin (@StakinOfficial) April 1, 2024 Stakin’s Exclusive Proposal Request Launching ‘Timely Vote Credit’ Mechanism on Solana In…