Author: News Room
Terra Classic (LUNC), Terra USD (USTC) and Terra (LUNA) prices experienced a slight increase with the recent news. The rises came after Vijesti, a local newspaper based in Montenegro, claimed that the sentence of Do Kwon, the founder of the altcoins in question, would be commuted to house arrest and Kwon would be released. The Terra (LUNA) ecosystem experienced a collapse in May 2022 and deleted approximately $40 billion worth of assets from the cryptocurrency market. A significant portion of the cryptocurrency world thinks that Do Kwon is a scammer running a Ponzi scheme. Kwon printed billions of additional LUNA…
Another wave of FUD around the possible security status of Ethereum (ETH) is the key reason behind its “underperformance,” data says. However, passionate holders do not seem to be ready for selling en masse. Ethereum FUD causes record-breaking ETH inflow to CEXes In the past week, the Ethereum (ETH) supply has experienced mixed trends. As the meme coin mania loses steam, the aggregated Ethereum (ETH) fees dropped by 41%, says leading blockchain data tracker IntoTheBlock. In this week’s newsletter, we analyze some of the recent FUD against Ethereum. We evaluate ETH’s relative performance in terms of price, its fundamental metrics…
Top exchange BlueBit integrates Shibarium to allow users to deposit and withdraw Shiba Inu ecosystem tokens, including SHIB, LEASH, and BONE, through the network. The growing interest in Shiba Inu’s L2 blockchain Shibarium does not seem to be ending anytime soon, as another top exchange adds support for the network. BlueBit is the latest crypto exchange to integrate support for Shibarium. Yesterday, the exchange tweeted that Shibarium had successfully integrated into its platform. The exchange anticipates that the integration will foster a stronger bond between the Shiba Inu and BlueSparrow communities and pave the way for more remarkable accomplishments. Shiba…
With Bitcoin failing to sustain the 10% recovery on Wednesday as it drops back under the $64,000 mark, the markets witness a bear attack. Amidst such conditions, the XRP price also fails to sustain the bullish recovery of 7% in two days as it witnesses an intraday fall of 5%. As the sellers assert dominance over the altcoins, will Ripple coin fails to prolong the uptrend drop to $0.55? Read the full article here
Ripple Chief Technology Officer (CTO) David Schwartz has issued an important warning about ongoing scams aimed at customers of the now-defunct crypto trading platform FTX. As the bankruptcy proceedings of FTX advance and the possibility of repaying some customers emerges, opportunistic scammers are sprouting up, aiming to prey on unsuspecting victims. There are some scam emails circulating claiming that you need to do something about your FTX claim. Don’t use the links in those emails. You can check the status of your claim at the official portal:https://t.co/4AvGkii3kh — David “JoelKatz” Schwartz (@JoelKatz) March 21, 2024 According to Bloomberg, FTX told…
Gaming activity is bubbling up on buzzy new Ethereum scaler Blast, and while one game has already fallen victim to an exploit on the nascent network, another is yielding rave reviews from players while driving Blast’s most-traded token. Crypto Valleys is the game in question, and it initially appears to tread upon similar ground as Pixels, the popular farming game on competing scaler Ronin. But while Pixels is a relatively robust experience akin to traditional video games, Crypto Valleys—at least in its initial incarnation—is focused on keeping DeFi degens coming back to harvest more gains. In the web-based game, you’ll…
On March 22, Fred Thiel, the CEO of Marathon Digital Holdings (NASDAQ: MARA), joined CNBC’s ‘Closing Bell Overtime’ to discuss with co-anchor Morgan Brennan the nuances of Bitcoin’s recent performance, including its volatility, and delve into the evolving dynamics of Bitcoin mining and its energy requirements. Fred Thiel began by addressing Bitcoin’s dramatic recent rally, which saw it hit an all-time high of nearly $74,000. Thiel attributed this surge to a combination of factors, including pent-up demand for US-listed spot Bitcoin ETFs and a rotation out of miners into these funds. According to Thiel, these ETFs are yet to fully…
Online reports suggest that Mingxing Xu, commonly referred to as Star Xu, the founder of OKX, is reportedly under investigation in the United States. Xu swiftly refuted these allegations, expressing his frustrations with the ongoing FUD across social media. Is OKX Founder Facing Legal Troubles in the US? Rumors began swirling in the Chinese crypto community when Alvin, a prominent figure, fielded inquiries about Xu’s supposed arrest in the US. Alvin promptly debunked the rumors, suggesting the news was a potential ploy to manipulate OKX’s native token, OKB. “Many people asked me today if it is true that there are…
This week’s non-fungible token (NFT) sales have taken another nosedive, intensifying the downtrend that began with a 16.55% decline from March 9 to March 16, 2024. The last seven days have witnessed an even steeper drop, with NFT sales plummeting by 18.57%. Cryptopunk #7,804 Shines in a Week of Falling NFT Sales In line with […] Read the full article here
A closely followed crypto strategist believes one red-hot Shiba Inu (SHIB) rival will be a top performer in the ongoing bull market. Pseudonymous analyst Inmortal tells his 211,200 followers on the social media platform X that he is bullish on the dog-themed crypto asset Floki (FLOKI) due to significant project announcements. “Important announcement on Thursday. Roadmap release on Friday. Nothing stops this train. This is what is positioning FLOKI to be the main memecoin in this bullrun.” Floki and its sister project TokenFi, a crypto and asset tokenization platform, are reportedly set to serve as official partners of the World…