Author: News Room

Chainlink price has successfully flipped two resistance levels into support, confirming a change in market sentiment. LINK could climb 45% to the next target at $28.71 as buyers show strength. A candlestick close below $13.08 would invalidate the bullish thesis. Chainlink (LINK) price is trading with a bullish bias after a strong breakout in October. The altcoin is rallying alongside the broader market, with prospects for more gains as LINK bulls continue to show buyers strength. Also Read: Chainlink price prepares for breakout, eyes $20 after successful retest Chainlink price could rally 45% After a solid breakout from a 550-day…

The Commodity Futures Trading Commission filed a complaint against the companies that operate the crypto exchange KuCoin. “The complaint charges KuCoin illegally dealt in off-exchange commodity futures transactions and leveraged, margined or financed retail commodity transactions; solicited and accepted orders for commodity futures, swaps, and leveraged, margined or financed retail commodity transactions without registering with the CFTC,” the press release said. In the CFTC’s complaint against the exchange, the regulator says that KuCoin allowed investors to trade commodities including bitcoin, ether and litecoin. “These actions brought KuCoin squarely within the CFTC’s authority and required that KuCoin register with the CFTC…

Interested in delving into the world of cryptocurrency but unsure about its safety and security? This article will guide you through understanding cryptocurrencies, exploring the safety of investments, and identifying potential risks. Discover the factors for selecting the safest cryptocurrency, secure ways to buy and store your assets, and tips for keeping them safe. Learn about the risks involved in cryptocurrency investments and best practices for securing your valuable crypto assets. Stay informed and make informed decisions in this ever-evolving digital landscape. Introduction to Cryptocurrency Cryptocurrency has revolutionised the financial landscape with digital assets like Bitcoin, Ethereum, and Dogecoin shaping…

Grand Cayman, Cayman Islands, March 27th, 2024, Chainwire Sui, the Layer 1 blockchain that offers industry-leading performance and infinite scaling, proudly announced a landmark collaboration with Revolut, a leading global fintech with over 40 million customers worldwide. The strategic partnership will bolster awareness and adoption of blockchain technology among Revolut’s expansive user base while opening new avenues for Sui’s growth, particularly across Europe. Revolut’s Learn program will serve as an invaluable tool for Sui to educate a relatively untapped global audience of future crypto users at scale about Sui’s underlying technology and rapidly ascending ecosystem. Through engaging educational content integrated…

Prisma Finance, a leading decentralized finance (DeFi) protocol, has fallen victim to a sophisticated hack, leading to a staggering loss of $11 million. The team acknowledged the breach, revealing they immediately paused all protocol activities to facilitate a thorough investigation. DeFi’s Prisma Finance Hacked According to Cyvers, a firm specializing in the security of Web3 protocols, the attackers executed multiple transactions that resulted in the theft of 1,965.39 wrapped staked Ethereum (wstETH). Subsequently, the attackers converted these assets to Ethereum (ETH), signaling a calculated and targeted attack on the platform’s vulnerabilities. An analyst from Cyvers detailed the attack’s mechanics. They…

The Bitcoin Cash network stands on the brink of its forthcoming halving event, set to take place a week from now. This milestone will see mining rewards on the network notably reduced from their current levels. Currently, Bitcoin Cash ranks as the 15th largest by market capitalization among over 10,000 cryptocurrencies, having risen 91% against […] Read the full article here

The chief investment officer of crypto fund manager Bitwise believes that spot Bitcoin (BTC) exchange-traded funds (ETFs) will receive inflows for years to come. Bitwise CIO Matt Hougan tells his 40,700 followers on the social media platform X that there remains a large pool of clients who have yet to invest in BTC ETFs but will likely do so in the future. “ETF flows will continue for years: a good question to ask about the new Bitcoin ETFs is whether the incredible inflows we’ve seen in the first two months represent a one-time surge or are indicative of long-term sustained…

In a recent interview on FOX Business, BlackRock CEO Larry Fink shared his insights on the potential for an Ethereum exchange-traded fund (ETF) amidst regulatory scrutiny. Despite concerns over a possible designation of Ethereum as a security by the U.S. Securities and Exchange Commission (SEC), Fink expressed confidence in the feasibility of launching such an ETF. SEC’s Stance on Ethereum Raises Doubts BlackRock and several other ETF providers have submitted applications for a spot Ethereum ETF to the SEC. However, there are doubts regarding the agency’s approval of these ETFs as the May deadline approaches. When asked about the SEC’s…

Nearly 50% of European cryptocurrency holders owned Bitcoin (BTC) in February, according to survey data from CoinMarketCap. This actually represents a 3% drop compared to similar data for January, yet Bitcoin comfortably remains the most popular cryptocurrency amongst traders in all regions of the world, with investors in Europe the likeliest to hold BTC. The move from January to February also reveals some interesting shifts in ownership for other cryptocurrencies, with Shiba Inu (SHIB) seeing noticeable spikes in North and South America, Asia and Africa. At the same time, ownership of Solana has decreased noticeably in all regions, with many…

The Israeli government has published a report on its government bond tokenization pilot, listing accessibility, transparency, and enhanced security as benefits of leveraging blockchain in bond issuance. In May 2023, the Israeli Ministry of Finance launched a proof-of-concept (PoC) under which it issued a dummy government bond on blockchain. Known as Project Eden, the pilot was in partnership with the Tel Aviv Stock Exchange (TASE), Israel’s primary bourse; global giants like JP Morgan (NASDAQ: JPM) and BNP Paribas (NASDAQ: BNPQF) and local lenders also participated. The ministry recently published a report on the PoC, detailing how blockchain transformed government bond…