Author: News Room
Outlier Ventures and peaq have announced a groundbreaking collaboration to launch the DePIN Base Camp Accelerator program. Decentralized physical infrastructure networks (DePINs) can be developed and used faster with this initiative. DePINs reportedly will change many aspects of life. peaq and Outlier Ventures (@OVioHQ) present:DePIN Base Camp 🏕️An accelerator program empowering the next generation of visionary #DePIN founders, by #Web3’s biggest accelerator and fastest-growing Layer-1 for #DePINs ✨⏰ 12-week program💰 Up to $200k in funding📅… pic.twitter.com/Dl6x2wfTy6 — peaq (@peaqnetwork) March 19, 2024 DePIN Base Camp to Launch 12-Week Program DePINs are at the forefront of the transition to Web3. They…
Amidst a whirlwind of advancements witnessed within Shiba Inu’s ecosystem recently, the meme coin’s strategic collaboration with Zama appears to be garnering global attention as SHIB’s ecosystem developer spotlighted key insights on what the partnership aims to bring. In a post shared by Kaal Dhairya on X today, March 20, the ecosystem developer joined the chorus of praise for Shiba Inu, drawing attention to vital partnership insights following the meme coin’s recent scoring of the 11th rank by global market cap, per CoinMarketCap’s data, further escorted by a nearly 150% monthly surge. Read the full article here
The U.S. Securities and Exchange Commission (SEC) is facing significant pressure from U.S. lawmakers to refrain from approving the spot Ethereum ETF. The likelihood of Ether ETF approval has diminished as the SEC considers classifying the altcoin as a security. Despite these challenges, industry stakeholders have rallied behind Ethereum in solidarity amidst these unfolding developments. Read the full article here
Robinhood (Nasdaq: HOOD) has launched its brokerage services in the United Kingdom after two failed attempts. However, the hurdles for the broker continued as it dropped margin trading services from its UK offerings hours after the launch. “Margin investing is paused as we continue to discuss with the regulator,” a spokesperson for Robinhood told Reuters. Margin investing is complex and involves offering leverage to traders, allowing them to take bigger positions. This type of trading is risky as the losses can be substantial if the market moves in the opposite direction. At launch, a Robinhood UK page about margin trading…
Pepe is resilient amidst the market downturn, showing a 5% surge. PEPE’s bearish trend was observed, with potential for both bullish and bearish scenarios. Pepe, one of the prominent memecoins, has been making waves recently. Just six days ago, it reached an all-time high of $0.00001074, showcasing an impressive performance that caught the attention of the investors. Over a month, Pepe experienced a remarkable 450% surge, propelling it into the top 45 cryptocurrencies by market capitalization. However, the broader cryptocurrency market faced a downturn yesterday, with all memecoins witnessing double-digit declines. Pepe was not immune to this trend, plummeting to…
Empower Oversight has sued the U.S. Securities and Exchange Commission (SEC) for failing to comply with the Freedom of Information Act (FOIA). The move comes as the SEC neither produced any documents nor committed to producing documents related to the ETHGate scandal when SEC officials declared Ethereum (ETH) as not a security. Read the full article here
A cryptocurrency user accidentally sent 1.36 million Tether (USDT) directly to the USDT token’s smart contract address on Ethereum. This incident is particularly notable because the user had made a test transaction of 100 USDT just before the mishap. Typically, tokens sent directly to a smart contract address where the tools to perform such transfers do not exist are considered irreversibly lost. This is because token contracts generally lack sweeping. As expected, the USDT token contract does not have such a function. However, the USDT token contract includes a destroyBlackFunds function. This function acts as a safeguard that allows the…
TODAY is all set to team up with the AI gaming alliance to further research-related activities and unleash the power of AI gaming on the whole. The alliance includes big-time players from diverse fields, such as infrastructure, gaming, and AI projects. On the part of TODAY is a social simulation game that is the brainchild of a team of Oscar winners and some former professionals from companies such as Nintendo, SEGA, Epic Games, and Unity. TODAY’s exceptional exposure to conventional gaming, advanced production abilities, and continuous building of generative AI technology will all be at the disposal of the alliance.…
In an innovative move marking its first foray into blockchain-based financial products, BlackRock has introduced the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), according to a press release from 20 March 2024. This groundbreaking tokenized fund, issued on the Ethereum blockchain, aims to provide qualified investors with the ability to earn US dollar yields by subscribing through Securitize Markets, LLC. According to BlckROck’s press release, Robert Mitchnick, the Head of Digital Assets at BlackRock, expressed enthusiasm for the development, stating that BUIDL is a continuation of the firm’s strategy to solve client challenges within the digital asset space through practical…
In a startling revelation by the United Nations (UN), North Korea has accumulated an estimated $3 billion from cyberattacks on cryptocurrency firms. This staggering sum is believed to fuel its weapons programs, escalating global security concerns. How Crypto Funds North Korea’s Weapons of Mass Destruction Program A UN panel of experts reported that these malicious cyberactivities provide nearly half of North Korea’s foreign currency revenue. Between 2017 and 2023, Pyongyang launched 58 cyberattacks on crypto entities. These acts significantly support its weapons of mass destruction (WMD) endeavors. Based on insights from open-source data, international feedback, and other resources, the UN…