Author: News Room

In recent years, attention towards layer two (L2) scaling solutions for Bitcoin has persisted, though bitcoin capacity in the Lightning Network has seen a decline. In recent years, other varieties of L2 solutions have emerged, capturing the attention of the crypto community. On March 19, 2024, the lead developer at Blockchair unveiled L2 Watch, an exhaustive compilation of active and in-development Bitcoin L2 networks. The Landscape of Bitcoin L2 Solutions Many are likely unaware that, since late November 2023 or over the last 90 days, the amount of bitcoin (BTC) held within the Lightning Network has decreased from 5,530 BTC…

Bybit recently launched Smart Leverage to offer trading benefits to users. According to Bybit’s latest post, the product has been designed to facilitate smart trading for amplified gains. The non-principal-protected structured product can help traders navigate market volatility. Smart Leverage allows users to place directional wagers with high leverage with minimal risk of liquidation before settlement. The product can offer up to 200 times leverage on selected tokens. It is beneficial for users inclined to employ high leverage during quick price reversals. According to the latest Bybit exchange review, Smart Leverage will bring benefits, such as: Up to 200x leverage…

Crossmint, a Web3 development platform renowned for collaborating with global brands like Microsoft (MSFT), Etihad Airways, Johnnie Walker, and AC Milan, is teaming up with Astar and Hakuhodo KEY3 to accelerate the adoption of Web3 technologies among Japan’s largest enterprises, as per the information shared with Finbold on March 25. The collaboration relies on Crossmint’s impressive track record and developer tools to integrate seamlessly with the Astar blockchain, which recently launched its zkEVM with over 50 projects already onboarded. With the establishment of Hakuhodo Key3, dedicated to developing and promoting Web3 services for the largest Japanese enterprises on the Astar…

Bitcoin and ethereum have recaptured some of their losses from the previous week, but a group of crypto assets have seen their values climb by double digits in the last seven days. About nine cryptocurrencies experienced increases of 20% or more, with ondo (ONDO) leading the charge with a 94% leap this week. The Week’s Biggest Crypto Gainers and Losers Currently, the crypto market stands at a valuation of $2.59 trillion, marking a 3.95% uptick in the past day. Today’s highest trading volumes, aside from BTC, ETH, and stablecoins, feature coins like SOL, BNB, XRP, BCH, and AVAX. While bitcoin…

Ethereum price is attempting a fresh increase wave above the $3,400 zone. ETH must clear the $3,580 resistance to continue higher in the near term. Ethereum is holding gains above the $3,250 support zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,500 resistance zone. Ethereum Price Eyes Fresh Increase Ethereum price remained stable above the $3,250 support zone. ETH formed…

Binance, one of the leading cryptocurrency exchanges, has announced plans to expand trading offerings on Binance Spot to enrich users’ trading experiences. Binance Announces New Trading Pairs and Trading Bot Services to Improve User Experience Starting at 16:00 on March 27, 2024, Binance will introduce several new trading pairs, along with the launch of Trading Bot services for selected pairs. Newly added trading pairs include BONK/USDC, FLOKI/USDC, FTM/USDC, MKR/TRY, RAY/TRY and RNDR/BRL. By expanding the list of available trading pairs, Binance aims to provide its users with a wider range of options to effectively participate in the crypto market. Additionally,…

The lack of privacy protection is the Original Sin of all public blockchains – from Satoshi’s original Bitcoin whitepaper down to the most cutting-edge, modular, and parallelized network that does 100 million transactions per second with a zeptosecond finality time. Generally speaking, user privacy goes against the nature of public blockchains: For a public ledger to function, some transaction data must be shared with nodes and network participants. The shortcut to quickly getting these systems online is simply to just make everything public by default. However, that ultimate transparency exposes users to surveillance, coercion, and unintended consequences like trade signal…

In one of the most important developments of the day, Terraform Labs, the developer company behind Terra (LUNA), began its hearing with the Securities and Exchange Commission (SEC). The case involving Terraform Labs and its founder Do Kwon is attracting a lot of attention from the cryptocurrency community. Chris Amani, the newly appointed CEO of Terraform Labs, broke his silence on the ongoing hearing: “SEC litigation has begun. “I have been quiet for the last month as I have been focusing on preparations, and you will not hear from me during the hearing.” Amani did not mince words about the…

The zkSync decentralized exchange project, ZigZag, has accused the decentralized gambling platform ZKasino of fraud, claiming that the money used to build ZKasino was stolen from the ZigZag Treasury. ZigZag founder Kedar Iyer called out ZKasino founders on X, saying: “They would claim they were taking money out to pay developers for building the ZigZag frontend, then use parts of the money to build out ZKasino.” I’m gonna lay this out since it gets worse and worse everyday.Multiple people have approached me in the past week with allegations that the @ZKasino_io team owes them money or defrauded them in some…

Hackatao, the visionary duo of Web3 artists, debut on The Sandbox with the new surreal NFT game “Hack The Tao”. The game features characters inspired by the world of art and crypto. Hackatao and the new surreal NFT game ‘Hack The Tao’ on The Sandbox Hackatao and Hack The Tao: the new surreal NFT game on The Sandbox The Aleph-0 generative art project Hackatao and the new surreal NFT game ‘Hack The Tao’ on The Sandbox Hackatao, the famous Web3 artist duo, are launching their new NFT-based game on The Sandbox this spring 2024. It’s called “Hack The Tao” and…