Author: News Room
London, United Kingdom, March 28th, 2024, Chainwire MetaWin, the trailblazing platform for on-chain prize competitions, is delighted to announce the incorporation of the Base and Arbitrum Layer 2 (L2) blockchain networks into its on-site swap feature. This ground-breaking update represents a significant milestone in MetaWin’s quest to deliver an unmatched gaming experience, offering faster transactions and substantially reduced fees for its users. By embracing the capabilities of the Base and Arbitrum L2 chains, MetaWin not only improves its platform’s efficiency but also solidifies its position as an innovator in the blockchain gaming industry. The integration enables users to effortlessly deposit and withdraw funds…
Indonesia’s Financial Services Authority (OJK) has announced that it will enforce stringent regulations on crypto operations starting in 2025. The new regulations mandate that all financial service institutions undergo a regulatory sandbox program. This initiative aims to assess the feasibility and reliability of these innovations in a controlled environment. 2025 Marks Indonesia’s Move to Tight Crypto Regulation Hasan Fawzi, the Executive Head of Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets Supervision, made the announcement. He emphasized that the move primarily aims to protect consumers and prevent fraudulent investments. “This embodies our spirit at the OJK, especially in…
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 […] Read the full article here
Banking giant HSBC has reportedly launched a tokenized gold product for its retail customers in Hong Kong as the bank and the government both push to make real-world assets available in digital form. SCMP reports that the HSBC Gold Token, which is now available on HSBC’s online banking and mobile app, is the first tokenized gold product to be issued by the bank. Tokenized gold is the digital representation of physical gold on a blockchain. Citing data from crypto data aggregator CoinGecko, the report says the value of tokenized gold assets surpassed $1 billion in 2023. HSBC’s gold token is…
Ethereum liquid restaking platform Prisma Finance said its vaults were exploited earlier today for an undisclosed sum.According to the protocol:“Prisma Protocol has been paused by the emergency multisig and remaining funds are safe. mkUSD and ULTRA, as stablecoins, are overcollateralized and are not at risk.”CryptoSlate data shows that the mkUSD stablecoin has deviated from its $1 peg and is currently trading at $0.98968 as of press time.Also, the project’s native PRISMA token fell by more than 25% to as low as $0.24, according to CoinMarketCap data. As of press time, the digital asset’s value has slightly rebounded to $0.3024.Furthermore, news…
TL;DR Shibarium’s LUCIE issued a warning to the Shiba Inu community about fraud, advising caution with suspicious links offering unexpected rewards. Despite potential scams, SHIB’s value increased by 18% weekly amid effective token burns and Shibarium’s advancements. Shibarium’s Marketing Strategist, using the X handle LUCIE, advised the Shiba Inu community to be utterly careful when clicking suspicious links from prominent individuals or entities “announcing unexpected rewards.” The SHIB official alerted that those links most probably come from hacked accounts, saying people should refrain from connecting their wallets to dubious websites. Last month, LUCIE warned the community to beware of potential scams related…
Web3 domain service Unstoppable Domains (UD) announced today that Pudgy Penguins’ ‘.pudgy’ domain is the next top-level domain (TLD) to become ‘Web2’, becoming equivalent to domains such as ‘.com.’ This move is made viable via a partnership between UD and the Internet Corporation for Assigned Names and Numbers (ICANN). After the Pudgy Penguins-related ‘.pudgy’ domain was successfully launched as Unstoppable’s 10th branded Web3 domain in February, the brand started strategizing alongside UD for the upcoming registration of .pudgy as an ICANN-registered generic top-level domain (gTLD), standing alongside such iconic legacy addresses as .com, .net, .org, .biz, .info, and others. “We…
In a notable development, WSPN and MathWallet have partnered to launch StableWallet. It is a cutting-edge digital asset management solution leveraging advanced account abstraction (AA) technology, according to remarks made by Raymond Yuan, Founder of WSPN. In addition to this, the collaboration is a significant step forward in enhancing the efficiency and security of managing digital assets in the Web3 ecosystem. StableWallet Revolutionizes Digital Asset Management StableWallet will revolutionize digital asset management by merging private key wallets with smart contract accounts. Customer access to advanced features and customization options is seamless with this integration. Moreover, StableWallet gives users peace of…
Shiba Inu partner Bad Idea AI recently garnered significant attention across the global crypto realm as its native token, BAD, rallied nearly 20%. This phenomenal price rally comes primarily attributed to a listing announcement unveiled by a renowned cryptocurrency exchange, GateIO, which appears to be fueling market optimism for the token. Read the full article here
Ethereum’s active validator set has risen by 74%, Fidelity Digital Assets wrote. Too many validators is causing concerns about bandwidth risks and centralization. More validators is normally viewed as a good problem as it represents increased adoption, but it is impossible to accurately predict future staking demand, the report said. The rapidly rising validator count on the Ethereum blockchain following the Shapella upgrade in April last year is causing concerns about technical capacity and centralization, Fidelity Digital Assets wrote in a research report on Thursday.Fidelity noted that “with the lowered risk from increased liquidity, the active validator count has risen…