Author: News Room
This article aims to provide an overview of Degen ($DEGEN), an ERC-20 token launched on Coinbase’s Ethereum layer-2 scaling solution, Base, and tells the story of a crypto whale who has so far made over $2 million from trading DEGEN. Base is a recently launched Layer-2 (L2) blockchain designed to work in conjunction with Ethereum. Its aim is to address Ethereum’s potential for high fees and occasional slow transaction speeds by providing a more affordable and efficient environment for building decentralized applications (dApps). Base leverages the OP Stack, a modular and open-source technology created by Optimism, another well-known Layer-2 scaling…
Litecoin (LTC) price noted recovery in the last few days following the bearish week in mid-March, which has investors certain of losses. However, not only has LTC nearly made back the losses, but it is also close to reclaiming $100, which might happen soon. Litecoin Looks Rewarding Litecoin’s price, trading at $95 at the time of writing, is currently among one of the best-performing cryptocurrencies. The recent rally reignited the bullishness surrounding the asset, which is evident in the Reserve Risk metric. Reserve Risk is an indicator used to analyze and assess the risk associated with holding a particular cryptocurrency…
Bitcoin miner Bitdeer is reportedly in discussions with private credit firms to secure $100 million in funding to expand its mining capacity. It is believed that the cryptocurrency miner has engaged a financial adviser to assist with the negotiations. Negotiations Between Bitdeer and Lenders Continue The cryptocurrency mining firm Bitdeer Technologies Group is reportedly seeking […] Read the full article here
A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a top-30 altcoin by market cap. The trader pseudonymously known as Altcoin Sherpa tells his 212,600 followers on the social media platform X that Internet Computer (ICP), a blockchain project whose aim is to replicate the internet’s speed, power and scale on decentralized networks, appears to have completed a consolidation period that begun earlier in the year. “ICP: This looks like it’s finished its multi-week accumulation period, it’s time to go. This is one to actively trade for the next few weeks in my opinion.” ICP is trading…
Ethereum’s blobs transaction fees witnessed an unprecedented surge yesterday with the debut of “BlobScriptions.”Blobs represent a novel transaction type that alleviates layer-2 fees on the Ethereum network and was introduced through the Dencun upgrade. Since its inception, the minimum gas price for a Blob to secure inclusion in an Ethereum block has stood at one WEI, roughly $0.01.However, this fee experienced an astounding spike of more than 10,000% yesterday, reaching almost $300, following the introduction of BlobScriptions by Ethscriptions.As of press time, the average Blob fees have subsided to approximately $6.57, or 13.97 gwei, according to a Dune Analytics dashboard…
[PRESS RELEASE – Austin, United States, March 28th, 2024] Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token. “Success in Web3 gaming hinges on creating compelling experiences with a player-focused economy at its core,” said Ari Meilich, CEO of Big Time Studios Big Time combines the intense combat and dynamic gameplay of action RPGs like Diablo with the vast, explorative realms of MMOs like World of Warcraft. Players are time travelers,…
As Bitcoin (BTC) resumes its meteoric rise, retesting the $71,000 price point, MicroStrategy chairman Michael Saylor’s unwavering confidence in the digital asset remains unshaken. In an X post that drew attention from the crypto community, Saylor stated, “still betting on Bitcoin.” Still betting on #Bitcoin… — Michael Saylor⚡️ (@saylor) March 25, 2024 Bitcoin, the first and largest cryptocurrency by market value, surpassed $71,000 once more, as investors discounted last week’s outflows from U.S. exchange-traded funds. Almost $900 million were pulled from Bitcoin ETFs in the last week, showing ongoing outflows from Grayscale Bitcoin Trust as well as a slowing in…
On April 2, DeFi protocol Ethena Labs will airdrop 750 million ENA governance tokens to participants in the Ethena Shard Campaign. The volume of coins distributed will be 5% of the total circulation of 15 billion. Users will receive the number of tokens corresponding to the points accumulated in the Ethena Shard Campaign until April 1. The assets must be received within 30 days. Unclaimed ENA will be further divided among all airdrop participants. Ethena is a synthetic USDe protocol built on top of Ethereum (ETH). The project offers passive income, and its coin is positioned as a stablecoin. Ethena…
In a move set to revolutionize the crypto landscape, Alchemy Pay and ZetaChain have joined forces to introduce seamless Ramp integration. This move marks a significant milestone for the world of blockchain technology. The partnership aims to enhance the overall user experience for crypto enthusiasts worldwide. Alchemy Pay announced this integration on its X account today. Earlier, Alchemy Pay announced partnership with Polyhedra Network. We are thrilled to partner with the omnichain @zetablockchain for seamless Ramp integration!Its token $ZETA, is now accessible via #AlchemyPay’s Fiat On-Ramp, and the #ZetaHub allows direct purchases using fiat payments: https://t.co/HExk1FFIaXhttps://t.co/tjf6CObEiP$ACH pic.twitter.com/5HZfkje93M — Alchemy Pay|$ACH:…
Layer 1 blockchain Sui announced a partnership and collaboration with the banking service provider Revolut. According to the press release shared with Cryptonews, the partnership aims to bolster awareness and adoption of blockchain technology among Revolut’s user base of 40 million customers globally. It also wants to open “new avenues for Sui’s growth, particularly across Europe.” Sui To Enter Revolut Learn As part of the partnership, Sui will use Revolut’s Learn program and its educational content to educate “a relatively untapped” global audience of potential future crypto users at scale. The participants will learn about SUI’s underlying technology and growing…