Author: News Room
Liquid staking protocol StaFi will be deploying its Liquid Staking as a Service (LSAAS) testnet ahead of its rebrand and mainnet launch of StaFi 2.0. Liquid staking as a service refers to blockchain platforms that provide liquidity by minting a new token that represents an underlying staked asset. This new token can be used and traded in DeFi protocols for additional revenue or rewards. This initial StaFi 2.0 testnet will support liquid staking derivatives (LSDs) from Ethereum, EVM layer-2s and the Cosmos ecosystem. It will allow developers across these different networks to experiment with StaFi’s latest features and allow the…
According to a recent announcement from blockchain platform Avalanche (AVAX), Australia and New Zealand Banking Group (ANZ) has partnered with Chainlink (LINK) Labs to explore the potential of on-chain digital assets for global movement and settlement. Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the collaboration aims to connect the Avalanche and Ethereum (ETH) blockchains to enable uninterrupted delivery versus payment (DvP) settlement of tokenized assets across networks in multiple currencies. Tokenized Asset Transaction Across Avalanche And Ethereum Using Chainlink ANZ, a provider of banking products and services to millions of customers in nearly 30 markets, has reportedly taken an unusual approach…
At the NVIDIA GTC 2024 conference, a premier event for AI hardware innovation, the spotlight was on the future of AI, Blockchain and Open Web innovation. Among the speakers was Illia Polosukhin, co-founder of NEAR Protocol (NEAR), who shared her views on the evolution of artificial intelligence models and the important roles of Blockchain and token economies. Polosukhin was the only Blockchain industry founder to speak at the NVIDIA event. The “Transforming AI” panel, hosted by NVIDIA CEO and co-founder Jensen Huang, featured all but one of the co-authors of the groundbreaking 2017 research paper “Attention is All You Need.”…
Ethereum’s price has been correcting over the last couple of weeks following a decisive rejection from the $4,000 resistance level. Yet, things can potentially change for the better in the short term. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rallying consistently in recent months before a definitive rejection from the $4,000 resistance level. The market is currently in a correction phase, with ETH consolidating below the $3,600 level. If the market is able to break back above the $3,600 level, the price will likely begin its bullish continuation, potentially making a new…
In a move that mirrors Circle’s recent decision, Binance announced its decision to discontinue support for USD Coin (USDC) deposits and withdrawals via the Tron (TRC20) network, effective April 5, 2024 at 05:00. Binance Announces Suspension of USDC Deposit and Withdrawal Support via Tron Network This decision comes in response to Circle’s announcement to discontinue USDC support on the Tron network, prompting Binance to regulate its services accordingly. Starting from the specified date and time, USDC token deposits via TRC20 will no longer be credited to users’ accounts on Binance. This development shows that Binance’s ecosystem is moving away from…
The prices of some coins keep rising; however, there are some exceptions, according to CoinMarketCap. DOGE/USD The rate of DOGE has increased by 4.79% since yesterday. Over the last week, the price has risen by 15.20%. On the daily chart, the price of DOGE is rising after a false breakout of the support level at $0.1260. If the growth continues and the bar closes near the resistance, one can expect a blast to the $0.20 zone soon. DOGE is trading at $0.1719 at press time. SHIB/USD SHIB has gained less than DOGE, going up by 0.75%. The rate of SHIB…
The highly anticipated civil lawsuit between the U.S. Securities and Exchange Commission (SEC) and Terra (LUNA) altcoin developer Terraform Labs began today in a court in Manhattan. The courtroom was noticeably less crowded than in previous hearings, and all participants wore suits, indicating the seriousness of the case. The day began with jury selection, a process in which each side takes turns vetting potential jurors. The initial pool was comprised predominantly of women, a surprising development attributed to the court clerk’s first day on the job. The final jury consists of three men and six women, mostly minorities. It was…
In a recent X post, blockchain sleuth ZachXBT exposed tactics used by scammers targeting Solana investors. One such scammer who goes by the username of “Sartoshi0x’s” account secretly pocketed a 62% of the SOL raised from a presale, totaling 7,000 SOL, and failed to fully distribute the promised tokens to investors. A user who goes by the name of ‘Jared_eth’ on X turned out to be a fake impersonating a well-known crypto figure, Jared MEV. This incident echoes a similar scam in June 2023, where another fake Jared account swindled investors out of $440,000. Another scammer who goes by the…
The team behind the meme-inspired cryptocurrency Floki (FLOKI) has released an extensive roadmap for 2024, outlining a series of developments designed to increase the token’s utility and expand its ecosystem. Floki ($FLOKI) started as a meme-inspired cryptocurrency based on Elon Musk’s Shiba Inu dog, quickly evolving into a comprehensive ecosystem backed by an engaged community. It merges meme culture with practical utility, setting itself apart in the crypto sphere. At the heart of Floki’s ecosystem is Valhalla, its NFT gaming metaverse offering battles, asset trading, and collection opportunities, with the chance for users to earn rewards. FlokiFi extends the project’s…
The London Stock Exchange (LSE) has confirmed its plans to open its doors to trading cryptocurrency Exchange-Traded Notes (ETNs), specifically Bitcoin and Ethereum. This strategic move marks a pivotal moment in financial innovation, blending the traditional robustness of the stock market with the cryptocurrency market. Crypto ETNs Arrive at the London Stock Exchange The launch is conditional upon the approval of base prospectuses by the Financial Conduct Authority (FCA). This is a necessary step in listing these financial instruments on the Main Market and the FCA’s Official List. The decision to set the trading commencement for late May 28, 2024,…