Author: News Room
Terra Luna Classic price has dropped 32% after a rejection from a stiff seller congestion zone. LUNC could extend fall 30% this week amid a bearish market and the ecosystem’s legal tussle. The hearing between Terraform Labs and the SEC will take place on March 25. Terra Luna Classic (LUNC) price is trading with a bearish bias, extending the fall as part of a broader market crash, led by Bitcoin. For LUNC price, however, volatility is expected amid two fundamental events expected early next week. Also Read: Bitcoin price offers late bulls a lower entry as BTC halving nears LUNC…
Coinbase recently launched some U.S.-regulated futures products, but bypassed XRP despite its legal clarity, prompting a reaction from Fox Business journalist Eleanor Terrett. The company filed to launch the products on March 7 through its Coinbase Derivatives division. Despite introducing these offerings earlier in the month, the cryptocurrency platform neglected to effectively publicize the development, resulting in limited visibility. Notably, Coinbase filed with the U.S. Commodity Futures Trading Commission (CFTC) to list futures contracts based on three crypto assets, including Dogecoin (DOGE), Litecoin (LTC) and Bitcoin Cash (BCH). Coinbase Derivatives LLC quietly filed certifications with CFTC to list US regulated…
PALO ALTO, CA — Ambrus Studio, a prominent game development studio, has revealed its upcoming series of games powered by Sui, a layer 1 blockchain and smart contract platform.— Through a partnership with Mysten Labs, Sui’s original contributor, Ambrus Studio will enhance its user experience by leveraging Sui’s unique gaming functionalities, integrating Web3 elements into both E4C game titles, Fallen Arena, and Final Salvation. The PC game E4C: Fallen Arena launches today and is accessible to play on Ambrus Studio’s website.E4C: Fallen Arena, the PC prequel to the multiplayer online battle arena game E4C: Final Salvation, a mobile game, shares…
On March 21, Austin Federa, Head of Strategy at Solana Foundation gave an insightful interview on CNBC, discussing the state of the cryptocurrency market, developer activity on blockchain platforms, and the future of the industry. Solana Foundation is a non-profit organization dedicated to supporting and growing the Solana blockchain ecosystem. They focus on enhancing the network’s decentralization and security by supporting validator nodes (the computers that keep the network running smoothly). The Foundation provides programs, grants, and infrastructure development for validators, ensuring the network remains distributed and reliable. Furthermore, they invest in security initiatives like audits and bug bounties to…
The Australian Securities and Investment Commission (ASIC) has permanently banned Brian Jacques Creigh, the director of crypto venture capital fund – Panacea Capital Pty Ltd. The Australian regulator now prohibits him from participating in the financial services industry. This ruling follows the discovery that Creigh operated the Panacea Capital Cryptocurrency Investment Fund without a valid license, engaging in misleading conduct. How Panacea Capital Director Misled Investors ASIC found that Creigh falsely claimed Panacea Capital was authorized under an Australian Financial Services license (AFSL). Moreover, he issued fact sheets to investors that presented incorrect information. These documents suggested a capital guarantee,…
Amid a widespread downturn in the cryptocurrency markets this week, tokens based on artificial intelligence (AI) have nevertheless attracted billions of dollars in additional investment. In the last month, the AI-focused cryptocurrency sector has expanded by $7.54 billion, with the majority of the leading AI tokens—four out of the top five—experiencing notable gains since Feb. […] Read the full article here
The crypto analytics firm Glassnode believes Bitcoin (BTC) is now entering a period of market correction and price volatility after a massive rally this year. In a new YouTube video, the analytics firm says key indicators suggest Bitcoin is “taking a breather” as holders are selling off for profits after the crypto king soared 175% this year and put in a new all-time high this month. “When I look at the overall market structure in these different phases, whilst we don’t know whether the top is in, we shouldn’t be surprised that the market hit some kind of a correction…
Total fees generated from the top 10 DeFi dApps tracks via DefiLlama will amount to $4.8 billion annually based on the past 24 hours of activity. Across staking, dexes, lending, and wallets, $13.15 million in fees were generated in the past day. Name Category 24hr Fees 24hrs Revenue Lido Liquid Staking $3.38m $337,749 Uniswap Dexes $2.62m $0 PancakeSwap Dexes $2.1m $426,372 Curve Finance CDP $1.54m $659,343 AAVE Lending $1.2m $172,860 Maker CDP $1.08m $545,105 Raydium Dexes $1.01m $124,524 Trader Joe Dexes $623,784 $69,357 MetaMask Wallets $391,846 $391,846 Camelot Dexes $271,722 $63,802 However, the total revenue for the past day comes…
[PRESS RELEASE – London, United Kingdom, March 21st, 2024] Capping a busy period for the cryptocurrency sector, the first and longest-standing Bitcoin sidechain, Rootstock (RSK), is seeing renewed momentum after a recent surge of developer activity, integrations and dApp launches DeFi Llama has ranked Rootstock at the forefront of Bitcoin sidechains in terms of total value locked (TVL), boasting over half of the entire value stored within Bitcoin sidechains. Rootstock ecosystem was further enhanced with the addition of Symbiosis and Mean Finance for improved cross-chain swaps across many of the leading chains, Router Nitro for fluid asset transfers. SolidityScan for…
MakerDAO, the decentralized autonomous organization (DAO) behind the popular stablecoin DAI, announced a major transformation of its platform dubbed “Endgame.” According to the announcement, Endgame aims to improve growth, flexibility and accessibility, with the goal of scaling the DAI supply to 100 billion and beyond. Endgame was first proposed nearly two years ago and was approved by an executive vote in August 2022. According to the founder’s statement, Launch Season, which is an important part of Endgame, is now starting. This season, the most important crop cultivation and user experience features will be quickly brought to market. The first phase…