Author: News Room
Tokentus Investment CEO Oliver Michel comments on ETHGate, asserts that Ethereum’s ICO is similar to Ripple’s institutional sales of XRP. Oliver Michel, the CEO of VC firm Tokentus Investment AG, recently commented on the ETHGate scandal, one of the most controversial topics in the crypto industry. ETHGate Explained For context, ETHGate involves allegations about the Ethereum team fostering relationships with top SEC officials to give ETH a regulatory edge over other crypto assets. According to critics, Ethereum’s relationship with the SEC allegedly prompted former director of Corporation Finance William Hinman to declare ETH as a non-security in his infamous speech…
Web3 security experts consider North Korea’s Lazarus Group the most prominent and sophisticated threat to the crypto industry in 2024. Earlier this week, the infamous Lazarus Group reportedly funneled $12 million through crypto tumbler Tornado Cash. The funds were allegedly linked to last November’s HTX and Heco Bridge hack, which saw the platforms lose over $90 million. However, this wasn’t the group’s only heist in 2023. Throughout the year, the North Korea-backed hackers compromised over $400 million worth of assets across various crypto platforms, including CoinEX, Poloniex, Stake.com, and Atomic Wallet. In 2022, the group was responsible for the biggest…
Saga, a key player in Layer-1 protocol and Web3 development, made waves at the Game Developers Conference (GDC) 2024 by introducing Saga Origins, a groundbreaking game publishing arm. This strategic move positions Saga as the pioneer and sole Layer-1 Web3 game publisher, setting a new standard for the industry.—Saga Origins is dedicated to partnering with developers to launch top-tier games, offering comprehensive support beyond traditional grants. This includes influencer collaborations, user acquisition campaigns, and community engagement initiatives. Through innovative Play-to-Airdrop campaigns, Saga, game studios, and guilds host tournaments rewarding players with $SAGA tokens. The recent success of The Three Kingdoms…
As excitement builds in the XRP community for the imminent launch of an automated market maker (AMM) system on the XRP Ledger, a prominent analyst has issued a stark warning. Popular cryptocurrency analyst Mr. Huber has told their over 64,000 on the microblogging platform X (formerly known as Twitter) that the price of XRP could tank after the AMM platform goes live. The analyst cited the experience of Stellar ($XLM), a major XRP competitor, as a cautionary tale, as XLM’s value plummeted by more than 80% after its AMM functionality went live in late 2021 amid a wider cryptocurrency market…
Crypto traders are transitioning from Solana-based meme tokens to the growing market of Coinbase’s Base meme coins. This movement reflects a broader trend in the industry, where liquidity and market sentiment drive investment decisions. From Solana to Base Meme Coins Rekt Fencer is a seasoned analyst who reportedly amassed over $1 million through Solana meme coins. He is leading the charge toward Base tokens. Fencer’s transition is not only a change of blockchains but a testament to the hype around cryptocurrency investments. He also emphasizes the untapped potential of Base tokens, which could yield high returns. Likewise, another analyst under…
Bitcoin miners face two additional difficulty adjustments before the network’s halving event, which is rapidly approaching, with less than 4,300 blocks remaining. Data indicates the total hashrate has recovered from a minor dip, suggesting miners might see a decrease in difficulty at the next adjustment, set for on or around March 28, 2024. With the […] Read the full article here
An Ethereum (ETH)-based gaming altcoin is skyrocketing after being abruptly listed by Coinbase, the top US-based crypto exchange platform by volume. In a new announcement, Coinbase says that starting on March 21st, it will be adding support for Ronin (RON), a protocol developed by play-to-earn blockchain game developer Sky Mavis, the same team that created the non-fungible token (NFT)-based game Axie Infinity (AXS). “Coinbase will add support for Ronin on the Ronin network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase and CoinbaseExch in the regions…
The once-hot NFTs witnessed a significant downturn during the crypto winter. But this sector again appears to have bounced back following the widespread rebound of digital assets. One of nine Alien Punks was sold for 4,850 ETH – the second-largest CryptoPunks sale ever – just days after a similar recent transaction of Alien Punk #3100. Blue-Skinned Punk Fetches $16.42M Punk #7804, part of the exclusive Ethereum NFT collection featuring only nine Alien Punks, exchanged hands for a staggering 4,850 ETH on March 20th. This is equivalent to approximately $16.42 million at the time of the sale and marks the second-largest…
As the cryptocurrency market edges closer to the anticipated Bitcoin halving on April 25, 2024, supply and demand dynamics set the stage for a parabolic bull run. Unlike previous cycles, this year signals a departure, fueled by growing institutional adoption and expanding use cases, painting a bullish picture for Bitcoin. Why the Halving Positions Bitcoin in a Parabolic Bull Run The approval and success of spot Bitcoin exchange-traded funds (ETFs) have marked a historic milestone in the crypto’s journey. Since their inception, Bitcoin has witnessed a substantial 60% price growth, with trading volumes reaching unprecedented highs. The influx of institutional…
Ethereum is down this week despite recently setting its highest price in over two years, but the market lull didn’t stop someone from spending big on Wednesday: A CryptoPunks NFT was just purchased for more than $16 million worth of ETH. Punk #7804, one of just nine Alien Punks in the influential Ethereum NFT collection, traded hands for 4,850 ETH on Wednesday afternoon, or $16.42 million at the time of the sale. That makes it the second-largest CryptoPunks sale ever whether measured in ETH and USD. The sale comes just weeks after another Alien Punk (#3100) sold for 4,500 ETH,…