Author: News Room

RACA, one of the core cryptocurrencies on the BNB Chain, commemorates the fresh release on the network. This will help power their ecosystem and the complete BNB Chain, the latest Rollup-as-a-service (RaaS) solution for developing Layer 2 blockchains (L2s) on the BNB Chain. RaaS offers multiple dApps with the necessary technology framework for positioning selected L2s on the BNB Smart Chain (BSC), helping take the L2 ecosystem to the next level. Rollup-as-a-service is a fresh chapter in the blockchain arena. It has been created with dApps in mind, along with blockchain-oriented projects. It provides a low-cost method of developing and…

If the 25 year prison sentence announced today for disgraced FTX founder Sam Bankman-Fried came as a shock to any, here’s a related development that will surely surprise no one: Degens churned up multiple meme coins to piggyback on the news, which in some cases surged over 30,000% in value before plummeting back to worthlessness. On Ethereum scaling network Base, some intrepid crypto user created a meme coin called “Sam Baseman Fraud” around 6:00 am ET, hours before Bankman-Fried’s sentencing hearing was set to begin. By 1 pm, just after the hearing concluded, the token (FTX) had spiked nearly 35,000%…

Alchemy Pay, a global Web3 payment solution provider, has recently announced its investment in LaPay UK Ltd, a fintech company based in the United Kingdom, which facilitates international business growth for corporations. Notably, LaPay possesses an Authorised Payment Institution License in the UK, and operates under the regulation of the UK Financial Conduct Authority (FCA). This strategic investment aligns with its objectives to acquire over 20 licenses globally by the year 2024, focusing on regions such as the United States, United Kingdom, Hong Kong, Singapore, Australia, and South Korea. 🚀#AlchemyPay has revealed its investment in LaPay, a UK-based fintech company,…

Shiba Inu has gone on various price spikes in the past few months amidst a surge in activity and interest in the meme coin. This price movement has prompted traders and analysts to ponder on when SHIB can reach the much coveted $0.0001 mark, a price level which it has largely failed to reach despite the impressive price action. Micheal_EWPro, a crypto analyst, posted an analysis on when SHIB could potentially reach the $0.0001 price level. According to him, the current dynamics could push SHIB above $0.0001 in June. Interestingly, his price prediction is based on the Elliott Wave Theory.…

In a packed courtroom, Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was sentenced to 25 years in prison by Judge Lewis A. Kaplan. The sentencing follows a landmark trial that has captured widespread attention for its revelations of financial misconduct within the cryptocurrency industry. Crypto Mogul Sam Bankman-Fried Handed 25-Year Sentence; $11 Billion in Restitution The sentencing hearing, detailed meticulously by Matthew Russell Lee of Inner City Press, thoroughly examined Sam Bankman-Fried’s (SBF) actions and their extensive impact on investors, customers, and the broader financial landscape. Overseeing the case, Judge Kaplan rejected the defense’s arguments concerning the calculation…

The first quarter of this year has seen $336 million lost to Web3 hackers and fraud, with nearly half of the capital stolen in January alone. Nonetheless, the number represents a 23% decrease compared to the first quarter of 2023, according to the latest report by bug bounty and security services platform Immunefi. Notably, said the team, almost $100 billion in capital has been locked across Web3 protocols as of March 2024, adding: “That capital represents an unparalleled and attractive opportunity for blackhat hackers.” It is also worth noting that $73,885,000 has been recovered from stolen Web3 capital in 7…

Parallel Studios, the startup behind Ethereum NFT card-battler Parallel, announced late Wednesday that it has raised $35 million in fresh funding from a bevy of major firms around the crypto world and numerous well-known angel investors. The list includes investment management giant VanEck, Solana Ventures, the Base Ecosystem Fund, Collab + Currency, and The Spartan Group, while the list of angels features Solana co-founders Anatoly Yakovenko and Raj Gokal, Pudgy Penguins owner and CEO Luca Netz, and Yield Guild Games co-founder Gabby Dizon, among others. Parallel previously raised $50 million from Paradigm in 2021 at what the studio then said…

Optimism (OP) price is prime for the picking since the broader market cues and investors’ behavior are signaling a buy signal. The question remains: will OP generate more profits than it has since the beginning of the year, or will it be stopped mid-way? Optimism Among Investors Is High Although the beginning of the month was bleak for Optimism price, the altcoin found its footing in the last few days. This was the result of an increase in participation from OP holders. This is evident from the surge in active addresses, which has grown by over 30% in the last…

Dogecoin (DOGE) has finally accomplished what it had been threatening to do for weeks – cleanly break past the $0.20 resistance level. This surge has led to speculation that the world’s largest meme coin could target the $0.30 level next if momentum is sustained. While DOGE makes waves, another token turning heads in the meme coin space is Dogecoin20 (DOGE20) – which recently passed the $10 million mark in its initial coin offering. DOGE Reclaims $0.20 as Calls for $0.30 Rally Intensify DOGE is now trading at $0.204 after a 17% price pump in the past 48 hours. This pump…

Strike has updated the limit for sending and withdrawing Bitcoin tokens. Previously, Strike set a limit on the amount users could transact either weekly or daily. However, the redesigned mechanism enables them to execute the transactions seamlessly without any limit. The objective here for Strike is to make sure that users remain in control of their holdings with full access and complete clarity. Strike has committed to making the initiation instantaneous once funds are reflected in the Strike account, although it may take some time, depending on the balance’s availability. The initiation may take a few days, depending on how…