Author: News Room

Pyth Network has officially announced the launch of its Pyth oracle network on Merlin Chain, a Bitcoin layer 2 protocol known for its ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules, according to a recent press release. With this integration, developers can access Pyth’s vast price data pool, enabling them to build powerful applications while users benefit from reliable market information directly on the Merlin Chain. Jeff, founder of BitmapTech and Merlin Chain, expressed enthusiasm for the collaboration and its role in onboarding future users. “The team is looking forward to joining hands with Pyth, a leading oracle,…

New partnership news came from Avalanche (AVAX), the popular altcoin that Turkish investors follow closely. At this point, Avalanche announced that it is collaborating with Chainlink and Australia and New Zealand Banking Group (ANZ) to explore tokenized assets. It was stated that the collaboration aims to connect the Avalanche network to Ethereum to enable the circulation and settlement of tokenized assets globally. It was stated that within the scope of this cooperation, ANZ will benefit from Chainlink’s blockchain interoperability solution, Cross-Chain Interoperability Protocol (CCIP). Ava Labs President John Wu made the following statements about the collaboration: “The ANZ project shows…

The status of Ethereum is in limbo – currently ETH is not considered a security by the U.S. Securities and Exchange Commission (SEC) — but this could all change very quickly. Ethereum is viewed as a decentralized cryptocurrency, rather than a security. However, regulatory agencies like the SEC continue to monitor the cryptocurrency space and may provide further guidance and sudden change or new rulings in the future. It’s essential to stay updated on regulatory developments. It has been widely reported that a number of U.S. based companies have received subpoenas attempting to label ETH as a security. Highly Unlikely…

Binance’s buyer in Russia, CommEx, has declared a phased shutdown of its services without providing a reason for the decision. CommEx, a crypto exchange, which took over Binance’s Russian business following the latter’s departure from the country, has announced plans to shutter operations in Russia. While the exchange has refrained from elaborating on the motives behind this decision, it outlined that starting from Mar. 25 at 10:00 (UTC), new user registrations will be suspended, and asset transfers from Binance will cease. “With regret, after a thorough analysis of the current situation and a review of strategic plans, we are forced…

The allure of getting in early on a promising new cryptocurrency can be powerful and various traders have been successful at doing so, but a recent incident involving the launch of a coin called $PUNDU highlights the significant dangers associated with impulsive buying on new listings. On-chain analysis service Lookonchain has recently revealed that an investor lost a staggering 721 SOL, equivalent to roughly $138,000 at, within a mere 35 minutes of PUNDU’s trading debut after withdrawing 1,535 SOL from leading cryptocurrency exchange Binance before the cryptocurrency started trading. The investor’s downfall stemmed as they were attempting to “snipe” the…

Dogecoin (DOGE) price left meme coin enthusiasts rather elated in these seven days as the altcoin completed a 42% rally. But with the rise comes the potential for correction, and for the first time in 2024, the DOGE sell signal is at its strongest. Dogecoin Holders Still Betting on a Rise As the Dogecoin price made its way up on the chart, it left behind a rally huge enough to recover the losses witnessed by investors during mid-March. The 42% increase covered up the 26% crash, bringing DOGE closer to reaching $0.20. This instilled confidence among DOGE holders, who seem…

The Central Bank of Russia and the Russian treasury are considering testing using the Russian CBDC, the digital ruble, to complete budget settlements. The tests would involve using this CBDC to make payments to businesses and citizens and receiving payments from these in CBDC, to ensure the targeted use of these funds. Russian Digital Ruble […] Read the full article here

The notorious crypto hacking group known as Pink Drainer has wreaked havoc in the DeFi sector. Recent findings by PeckShield reveal that Pink Drainer-affiliated addresses have staked a substantial 12 million DAI into the DeFi lending protocol Spark, constituting nearly 1.194% of the total sDAI tokens. This alarming revelation essentially means that Pink Drainer is one of the largest sDAI holders. Pink Drainer Emerges as Major sDAI Holder The blockchain intelligence platform’s latest data highlighted that the hacking group’s impact extends far beyond mere holdings. Operating as a Scam-as-a-Service provider, Pink Drainer has stolen over $50 million worth of crypto…

The positive Bitcoin Coinbase Premium that drove the latest rally above $70,000 has dissipated, suggesting buying has already slowed down. Bitcoin Coinbase Premium Gap Has Returned To Neutral Levels CryptoQuant Netherlands community manager Maartunn explained in a post on X that the Bitcoin Coinbase Premium Gap has declined back toward the neutral line. The “Coinbase Premium Gap” here refers to a metric that keeps track of the difference between the BTC prices listed on cryptocurrency exchanges Coinbase (USD pair) and Binance (USDT pair). When the value of this metric is positive, it means that the price listed on Coinbase is…

Radicle, the open-source, peer-to-peer (P2P) code collaboration stack, has announced the launch of Radicle 1.0, according to the information shared with Finbold on March 26. The launch marks a significant milestone in the protocol’s evolution, following its beta debut in late 2020. Radicle 1.0: A decentralized GitHub alternative Radicle 1.0 promises to revolutionize how developers share and distribute open-source code, artificial intelligence (AI) models, and research in general. Marketed as a decentralized alternative to centralized platforms like GitHub and GitLab, Radicle enhances the traditional model with its decentralized identity system, advanced gossip protocol, and integrated social artifacts, forming a self-autonomous,…