Author: News Room
Cryptocurrency exchange OKX has reportedly said that its services in India are being discontinued due to local regulations. In an email notification sent on March 21st, the platform urged users in the country to close their positions by the end of April. The latest development comes on the heels of a continued crackdown on global crypto exchanges by the Indian government. OKX Calls its Quits India has intensified its efforts to tackle illegal operations by exchanges within its borders. In line with these efforts, the Indian Finance Ministry’s Financial Intelligence Unit (FIU) issued a notice to nine exchanges in December…
Many directional traders are carefully considering how Bitcoin’s halving will affect market trends and rethinking their strategies in light of its historical bullish catalyst. The current market may create new issues from that perspective. One could say this Bitcoin cycle is unique. The largest digital asset rose dramatically this quarter and reached an all-time high before halving, which was unprecedented. ETFs Overshadow Bitcoin Halving’s Supply Impact, Suggesting Stable Market Market watchers see Bitcoin’s “halving” as a sign of future bull markets because it slows creation. The halving halves miners’ rewards for verifying transactions and creating blocks. Since miners must sell…
Micro3, a noteworthy advancement in the realm of SocialFi Mint-to-Earn (M2E), has revealed its intention to implement appropriate protocols to ensure the integrity and trustworthiness of its NFT pricing. Micro3 has successfully integrated the Chainlink Price Feeds into their system, which is the preeminent decentralized oracle network in the industry. As a result, its consumers receive high-quality, unchanging data for NFTs across many blockchains. The purpose of providing rates that are not only precise but also sourced from reputable peer-to-peer organizations is to bolster user confidence. Real-time price aggregation derived from reputable trading platforms is indisputable within digital assets, where…
With the initial release of EdgeCloud scheduled for May 1st, Theta’s edge network will constitute the platform’s backbone. The Theta network, which has over 10,000 nodes worldwide, aims to democratize distributed computing power by supporting Windows, Mac, and Linux desktops, laptops, and servers. CUDA technology from Nvidia is crucial to expanding GPU computation, particularly on the Windows platform. With the introduction of CUDA, GPUs’ computational capacity could be utilized for purposes other than standard graphics processing. The ecosystem comprises a platform and an API model that enable programmers to utilize NVIDIA graphics processing units for various applications, including machine learning,…
The potential classification could create a contradiction with the SEC’s prior regulatory approval of Ethereum Futures ETFs. A recent Fortune report raised eyebrows by suggesting the US Securities and Exchange Commission (SEC) is legally pushing to classify Ethereum as a security. Despite no official confirmation from the SEC, the news is big enough to ignite controversy among financial experts and crypto members. According to Fox News journalist Eleanor Terrett, such a classification would directly challenge the Commodity Futures Trading Commission’s (CFTC) stance on Ethereum as a commodity. Bringing this back as we talk about the @SECGov’s potential plans for the…
As the legal saga surrounding Do Kwon, CEO of Terraform Labs, unfolds, his imminent repatriation to South Korea raises questions about the next steps in the investigation. Meanwhile, according to recent reports, he is expected to be extradited to South Korea on March 24. Read the full article here
A total of $4.6 million was lost, according to CertiK. The exploit was related to the smart contract’s mint function. The token has lost more than 99% of its value. A recently issued gaming token on layer-2 network Blast has been exploited with $4.6 million stolen, according to an announcement in the token’s Telegram channel. The project, named Super Sushi Samurai, released its SSS token on March 17 and had planned to introduce the game today. However, an unknown entity exploited a vulnerability in the smart contract’s mint function before selling tokens directly into the SSS liquidity pool. “We have…
Floki ($FLOKI) and TokenFi, a platform within the Floki ecosystem, have been announced as the official cryptocurrency partners for the upcoming WTT Champions Incheon 2024 event in South Korea. This partnership represents a continued push by the Floki project to leverage sporting events for brand awareness. Floki ($FLOKI) began as a meme coin inspired by Elon Musk’s Shiba Inu dog but has rapidly transformed into a versatile ecosystem with a dedicated community. The project uniquely blends meme culture with real-world applications, differentiating itself in the cryptocurrency landscape. Floki’s core focuses include its flagship NFT gaming metaverse, Valhalla, where users can…
Vitalik Buterin, a co-founder of Ethereum, announced the introduction of a new staking concept termed “Rainbow Staking.” This initiative aims to revamp the economic structure of the network by implementing a dual-pronged staking mechanism. The approach distinguishes between heavy and light services, offering a framework that impacts the distribution of rewards. Vitalik Buterin Introduces Ethereum Rainbow Staking Vitalik Buterin explained that Rainbow Staking introduces the two-dimensional Minimum Viable Issuance (2-D MVI). This model aims to optimize reward allocation between heavy services, which demand significant stake backing and play a vital role in network operations, and light services, characterized by their…
As Bitcoin’s network halving event draws near, Glassnode’s latest report sheds light on the evolving trading strategies in the face of significant demand from ETFs, signaling a pivotal shift in the cryptocurrency market. Glassnode Report Unveils Shift in Bitcoin Trading Strategies Ahead of Halving In the countdown to Bitcoin’s much-anticipated halving, the crypto community is […] Read the full article here