Author: News Room
Coinbase’s Layer 2 protocol Base has experienced a significant surge in decentralized finance (DeFi) activities. This resulted in a new milestone, surpassing $1 billion in volume for decentralized exchanges (DEX). Remarkably, it continues an impressive run that has seen the network cement its status as a foremost Layer 2 chain. Base DEX Volume Breaks $1 Billion Data from Dune Analytics shows that Base’s DEX volume surged to $1.2 billion on March 30. This marks a substantial 25% increase from the previous day’s total volume of $959.63 million. The dominance of Uniswap on Base’s DEX is evident. The DeFi protocol controls…
U.S. spot bitcoin exchange-traded funds (ETFs) have enjoyed a streak of positive inflows for four consecutive days, according to the latest figures. This rise in interest comes after a previous week that witnessed five straight days of outflows, totaling a substantial $887.6 million. After a Week of Outflows, Bitcoin ETFs Bounce Back Strong From March […] Read the full article here
The parent company of MetaMask, one of the world’s most popular crypto wallets, is urging the U.S. Securities and Exchange Commission (SEC) to approve spot market Ethereum (ETH) exchange-traded funds (ETFs). In a new letter to the SEC, Consensys asks the regulatory agency to approve spot market ETH ETFs as Ethereum’s proof-of-stake consensus mechanism, which it transitioned to in 2022, is safer than Bitcoin’s (BTC) proof-of-work system, according to the firm. Consensys notes the SEC had previously asked for public commentary about how to address the “unique concerns” associated with Ethereum when it comes to fraud and manipulation. In response,…
A widely followed crypto analyst is detailing when he believes Ethereum (ETH) and altcoins could outpace Bitcoin (BTC). In a new video update, crypto strategist Jason Pizzino tells his 321,000 YouTube subscribers that the altcoin market is setting up for a massive rally – with the ETH/BTC pair as its proxy. “Still seems like the market is building for those mega 37x potential returns for altcoins. [ETH/BTC] is a bit of a proxy for the altcoin pump.” According to Pizzino, if history repeats itself and ETH/BTC behaves the same way it did the last time Bitcoin hit its 2021 cycle…
Mike Novogratz’s digital asset financial services firm Galaxy Digital posted a net income of $296 million for the full year 2023, according to its recently released financial statement. This was a significant turnaround after a $1 billion loss in 2022. The company said that Q4 of 2023 was particularly game-changing for the company. In its official statement, Galaxy Digital said that its fortunes took a positive turn in the last quarter of 2023, catapulting its net income to $302 million. This coincided with the crypto market experiencing a much-needed rebound as it thawed from an extended crypto winter. As such,…
A recent breakthrough in cryptographic research has raised significant questions about the security of Bitcoin (BTC) and other digital assets relying on the SHA-256 algorithm. A tweet from crypto wallet solutions provider OneKey, stating “SHA-256 Collisions Breakthrough: Is Crypto Rekt?” alongside an image from an academic presentation, has gone viral, sparking intense discussion and concern. The conversation around this development intensified following a tweet by Anatoly Yakovenko, the co-founder of Solana (SOL), who quipped “We are so back,” hinting at the cyclic nature of such groundbreaking news in the crypto space. This breakthrough coincides with the cryptocurrency market’s resurgence, as…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the past decade, the global interest in women-led/owned businesses has risen, leading to solid community-building movements and the creation of innovative solutions for this growing market. You might also like: Blockchain projects in MENA region depend on its fusion with RWA | Opinion Despite the availability of solutions, cross-border trade remains a significant challenge for women-led small and medium-sized enterprises (SMEs) in the Middle East and North Africa, the MENA region, and sub-Saharan Africa. This challenge…
In the wake of Dogwifhat’s meteoric ascent to crypto market’s top, Anatoly Yakovenko, one of the founding figures behind Solana, has broken his silence on the phenomenon of meme coins. Yakovenko took to social media to address the growing trend, offering insights into his perspective on the controversial tokens. Yakovenko’s remarks come amid Dogwifhat’s remarkable climb to becoming the 29th most capitalized meme coin, boasting a market value of $4.7 billion. The canine-clad cryptocurrency’s surge has rattled the crypto sphere, overtaking established contenders like Arbitrum (ARB) and Pepe Coin (PEPE) along the way. In his recent social media post, Yakovenko…
Richard Teng, CEO of Binance, the world’s largest cryptocurrency exchange, made a secret visit to South Korea. This visit is believed to be an attempt to communicate directly with South Korea’s financial authorities to resolve the stalled issue regarding Binance’s entry into the South Korean market. Binance acquired Gopax in late 2022 and started working to enter the South Korean market. However, the company is facing difficulties as fiscal authorities have not approved a change to GoPax’s virtual asset operating license for more than a year. According to an interview with News1, Teng arrived in South Korea with an undisclosed…
Solana has broken out of a pattern called a “symmetrical triangle” on the chart. This is important because it often means that the price could go up more. The symmetrical triangle pattern is made when the price of something like Solana goes up and down between two lines that are coming closer together. This pattern can show that traders are unsure about buying or selling more. But when the price breaks through one of these lines, it can mean that a volatility surge is incoming. For Solana, the price has broken above the top line of the triangle. This suggests…