Author: News Room

[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…

Ethereum NFT collectibles platform Veve has launched its new VeVe Comics platform and digital comic book reader, the company said on Thursday. The first batch of comic books hails from industry juggernaut Marvel Comics. With Marvel as its launch partner, VeVe said fans now have access to over 300 new Marvel digital issues, including those based on heroes like Spider-Man, X-Men, Captain Marvel, and Black Panther. New comic books will be added the same day they are available in print and will include panel-by-panel viewing; the company claims each page was digitally converted by hand. What makes VeVe’s comic book…

It is another proud moment for TOKI, and they have made cross chain swapping of Japanese Stablecoin via IBC a crystal clear reality. TOKI’s IBC-backed technology has again shot into the limelight by conceptualizing BNB and Ethereum chain transfers on a public testnet. It may mark the adoption of the protocol by financial organizations based in Japan, beginning with cross chain transfers of stablecoins. This development can be viewed as a small beginning to a huge step that will revitalize crypto space. Progmat and TOKI have successfully collaborated to build a cross-chain infrastructure for issuing Japanese stablecoins. This cross-chain architecture…

On a day of increased volatility in Bitcoin, Upbit, South Korea’s largest cryptocurrency exchange, reported unusual increases in trading volumes of several altcoins. The 4-hour chart for The Graph (GRT) showed a significant increase in trading volume. On Upbit, average 50 4-hour volume increased from $30 million to $55 million, an increase of 81.86%. On the other hand, volume on Binance increased from an average of $26 million to $37 million, an increase of 42.28%. PlayDapp (PDA) saw a massive 340.04% increase in 1-hour trading volume on Upbit, jumping from an average of $19 million to $85 million. However, volume…

Ethereum Founder Vitalik Buterin introduced a novel concept called “rainbow staking” during the ETHTaipei 2024 event in Taiwan. Colin Wu, a Chinese reporter, shared an X post on his Wu Blockchain page, giving insights on Buterin’s rainbow staking project. According to Wu’s X post, Buterin highlighted the potential risks involved in centralization, unveiling rainbow staking, “a conceptual framework allowing protocol service providers, whether solo or professional, to maximally participate in a differentiated menu of protocol services.” In a separate blog post, Ethereum elaborated on the key aspects and principles of rainbow staking. Providing a nutshell of the key goals of…

Binance Futures has announced plans to delist and update the USDⓈ-M FOOTBALLUSDT and BLUEBIRDUSDT perpetual contracts, in a move aimed at adjusting leverage and margin tiers. Binance Futures Announces Delistings and Updates for USDⓈ-M FOOTBALLUSDT and BLUEBIRDUSDT Perpetual Contracts The changes will come into force at 12:00 on March 26, 2024 and will result in the closure of all positions and automatic settlements. With delisting approaching, users are strongly advised to adjust their positions and leverage in advance to reduce the risk of liquidation. It is recommended to close open positions before the anticipated delisting time to avoid automatic settlements.…

SushiSwap’s anticipated rise above $10 by 2025 underscores its burgeoning market potential and investor interest. Predictions hinge on SUSHI surpassing $4.99 in 2024, fueled by continuous innovation and market sentiment uplift. SUSHI’s stability and growth, with a predicted $7.87 peak in 2024, position it as a compelling crypto asset. In the fast-evolving world of cryptocurrency, SushiSwap’s SUSHI stands out as a beacon of potential. With an eye towards 2024, financial experts and crypto aficionados alike are pinpointing SUSHI as the digital asset to watch, predicting an unprecedented surge that could see its value transcend the $10 mark. The underpinnings of…

Cross-chain yield protocol Mozaic Finance suffered an exploit on Mar. 15, resulting in a loss of $2,012,789. Security firm CertiK reported that the vaults were compromised through a function named ‘bridgeViaLifi,’ which indicates a private key compromise (PKC) as it required authorization from the Master role, which is typically reserved for the most privileged entity within the contract’s hierarchy. After snagging over $2 million, the exploiters deposited the funds into the crypto exchange MEXC. Mozaic announced the exploit on an X post and two hours later published a link for their refunding initiative for affected users, who were able to…

Bling Financial develops and publishes iOS and Android games that riff on familiar and well-trodden genres and formulas, ranging from the solitaire card game to bubble-popping puzzle games. But there’s a compelling twist in the mix: You can earn small amounts of Bitcoin or Ethereum by playing. This feature is not enabled by default when you start playing Bling games like Sweet Bitcoin, Ethereum Blast, or Bitcoin Pop. Luckily, it’s easy to start earning Bling Points while you play levels and watch ads, and then those Points can be converted into BTC or ETH and then deposited into a Coinbase…