Author: News Room
Ambient, a decentralized exchange protocol (DEX), has joined the ranks of data providers on the Pyth Network, according to the information shared with Finbold on March 25. The partnership marks a pivotal moment, enabling Blast and Scroll DEX for on-chain assets to furnish real-time price data. With Ambient in its arsenal, the Pyth Price Feeds is now more ready than ever to fortify data integrity and security, enhancing the experience of Web3 developers worldwide. Doug Colkitt, the Founder of Ambient Finance, expresses enthusiasm about the collaboration stating: “We are excited to leverage our market data to support the Pyth Network…
General Updates Neo witnessed the launch of new memecoins with liquidity pools for the tokens added to Forthewin Network. Three new coins were listed on the non-custodial exchange, including Ape Coin and Schrute Bucks, released by pseudonymous founders, and The Hongfei, launched by Forthewin Network’s founder Ed. Ape Coin and Schrute Bucks tokens are paired against GAS, and The Hongfei token is paired against GAS and bNEO. At the time of press, more than 5,700 GAS in liquidity exists between the three new pools. Frank Coin hosted a livestream to showcase the Pixudi and World of Elements games, and distributed…
Ethereum presents a mixed bag of signals as of March 25, 2024. Amid fluctuating trading volumes and a contested market direction, ether’s price settled at $3,487 after experiencing an intraday range of $3,335 to $3,503. With a market capitalization of $415 billion and a 24-hour trading volume of $14.14 billion, traders alike are keenly observing the oscillators and moving averages for potential trends. Ethereum The current state of ethereum (ETH) oscillators largely signals neutrality, with the relative strength index (RSI) at 49.4, the Stochastic at 34.2, and the commodity channel index (CCI) at −62.4. Despite these predominantly neutral indicators, the…
The South Korean exchange Bithumb is looking to step up its IPO plans – and could look to launch a fast-tracked initial public offering as the crypto bull market continues. Per Hanguk Kyungjae, Bithumb is looking to “accelerate” its proposed KOSPI listing. Bithumb IPO: Exchange Takes Decisive Steps The media outlet reported that Bithumb announced that the exchange will spin off its holdings operations into a separate company. It is tentatively naming this firm Bithumb Investment. The firm published a regulatory filing document on March 22 detailing its plans. The new firm will take control of Bithumb’s holdings, investments, and…
Cardano (ADA), the ninth-largest cryptocurrency, slipped shortly after reaching highs of $0.81 on March 14. ADA subsequently made a sharp recovery from lows of $0.57 on March 20, but bulls could not advance the rally past the $0.648 level, with the ADA price resorting to range trading as a result. According to IntoTheBlock on-chain data, 6.26 billion ADA were bought by 202,520 addresses in the range of $0.599 and $0.65, where ADA currently trades at an average price of $0.621. At the time of writing, ADA was up 1.04% in the last 24 hours to $0.637, having reached intraday highs…
The US Treasury Department has imposed sanctions on several Russian financial services and technology players, including blockchain firm Atomyze, for their role in developing or providing services in cryptocurrencies aimed at evading sanctions against Russia related to the Ukraine war. The US Treasury Department’s Office of Foreign Assets Control (OFAC) identified 13 entities and two individuals in the latest round of sanctions. These sanctions target Russia’s core financial infrastructure to prevent Russia from using the international financial system to further its Ukrainian war goals. Five of these entities were identified by OFAC because they are owned or controlled by individuals…
The Shiba Inu (SHIB) community is on high alert following an urgent warning about a compromised social media account used to promote a fraudulent SHIB airdrop. The incident involves Whale Insider, a prominent X/Twitter account followed by many cryptocurrency enthusiasts, which was unexpectedly compromised. The attackers used the account’s influence to spread misinformation about a fake Shiba Inu partnership and a nonexistent SHIB airdrop, potentially putting the SHIB community’s assets at risk. This deceptive tactic aimed at luring unsuspecting users into clicking suspicious links, potentially putting their investments at risk. ShibArmy Scam Alerts or @susbarium, an X account tasked with…
“Web3 gaming sucks.” It’s a common refrain amongst many gamers who have thumbed their nose at the growing space, but it’s not something you’d expect the team behind a prominent blockchain network to recite around one of the industry’s biggest events. But that’s exactly what Ava Labs did last week at the Game Developers Conference, where the phrase was plastered all over the massive Avalanche Gaming booth and across banners that could be seen from all over the expo hall and as attendees went down the escalator. Talk about a conversation starter. While the tongue-in-cheek branding probably drew snickers from…
Cryptocurrency investment products saw outflows totaling $942 million over the past week, after seven weeks of inflows that totaled more than $12 billion amid “hesitancy” among investors that came as a result of a recent cryptocurrency market correction. According to CoinShares’ Digital Asset Fund Flows report, trading volumes in exchange-traded products (ETPs) remained high over the past week at $28 billion, a figure that represents two-thirds of the volumes seen in the prior week, after a price correction saw the total assets under management of these products drop by $10 billion to $88 billion. The report notably details that Bitcoin-focused…
The US Treasury’s Office of Foreign Assets Control (OFAC) has broadened its sanctions, targeting individuals and entities within Russia’s financial and technology sectors. This action impacts thirteen entities and two individuals. They are involved with virtual assets that could bypass US sanctions. Notably, five of these entities are linked to individuals previously sanctioned by OFAC. Treasury Targets Firms Aiding Russian Sanctions Evasion These steps build on OFAC’s efforts from February 23, 2024. The aim is to cut off Russia’s access to vital financial infrastructure, thereby hindering its military actions against Ukraine. Under Secretary of the Treasury for Terrorism and Financial…