Author: News Room
Polygon’s Napoli hard fork, incorporating the RIP-7212 upgrade, marks a significant advancement in interoperability with mainstream tech by introducing support for the elliptic curve digital signature algorithm commonly used across the internet. The upgrade also aligns with Ethereum’s recent Denchun hard fork improvements, enhancing block space efficiency, limiting self-destruct opcode scope, and reducing memory copying […] Read the full article here
A widely followed analyst and trader is expressing bullish sentiment on an altcoin built on Solana (SOL) that has surged by over 100x in a couple of months. The analyst pseudonymously known as Bluntz tells his 249,900 followers on the social media platform X that the low cap memecoin Myro (MYRO) is offering an opportunity to the upside on the eight-hour chart after enduring a double-digit correction. Based on a chart posted by the analyst, it appears that Bluntz, who regularly applies the Elliott Wave theory in his technical analysis, is suggesting that MYRO is on the final leg of…
TL;DR The cryptocurrency market is up, with Shiba Inu’s price increasing by 7% on a 24-hour scale. The rise could be attributed to the meme coin sector’s growth, among other reasons. The cryptocurrency market has entered into green territory once again today (March 21), with Bitcoin (BTC) and numerous other digital assets charting substantial gains. One popular token that has also headed north is the self-proclaimed Dogecoin-killer – Shiba Inu (SHIB). It is up 7% for the day, while its market capitalization surpassed $15 billion. A factor that might have contributed to its price rally is the overall resurgence of…
BTC fell over 8% on Tuesday, its biggest single-day (UTC) percentage slide since November 2022. ETF outflows likely catalyzed the drop. Bitcoin’s (BTC) price correction gathered pace Tuesday as the U.S.-listed spot exchange-traded funds (ETFs) fell out of favor. The leading cryptocurrency by market value fell over 8% to under $62,000, data from charting platform TradingView show. That’s the biggest single-day percentage (UTC) decline since Nov. 9, 2022. That day, prices tanked over 14% as Sam Bankman Fried’s FTX exchange, formerly the third largest, went bankrupt. The daily performance mentioned here represents the percentage gain or loss in a day,…
The behaviour of borrowers in decentralized finance (DeFi) is important in considering the design of collateralized borrowing platforms with emerging tokenized assets, a BIS study has found. The study’s authors claim to be the first to document individual DeFi wallets’ leverage, relevant to understanding financial stability concerns. The behaviors of borrowers in the decentralized finance space and DeFi market dynamics are important considerations when designing and managing platforms involving tokenized assets, a study by the Bank for International Settlements (BIS) has concluded. Financial institutions worldwide are increasingly experimenting with tokenizing traditional assets such as bonds and securities. The workings of…
NFT Staking — A unique and innovative way crypto investors use not only to buy non-fungible tokens but earn rewards and other privileges by locking them on a platform or protocol — has just gone better. Enterprise DAO-powered by Terra Money has now enabled cross-chain NFT staking for Cosmos chains including Terra, Stargaze, Juno, and soon Terra Classic. Read the full article here
Dune, a prominent data analysis platform, has integrated with Colorful Notion, introducing Polkadot’s (DOT) comprehensive analytics to the Dune ecosystem, according to the information shared with Finbold on March 19. This partnership marks a significant milestone in bringing Polkadot and Kusama (KSM) relay chain data to Dune for the first time. Dune users now have access to information from AssetHub for Polkadot, Astar, Bifrost, Hydradx, Interlay, and Centrifuge parachains, all within the Dune environment. Making Polkadot more accessible This collaboration not only expands the range of data available on Dune but also improves accessibility. Robert Habermeier, Polkadot co-founder and a…
Shiba Inu is steadfast in its pursuit of exceeding Dogecoin in valuation, with the development team asserting that Dogecoin’s reign as the leading meme coin is counting down. Dogecoin Days Are Numbered The Shiba Inu team reiterated their conviction about surpassing Dogecoin in a recent post on X. It comes amid trading platform CryptoCom spotlighting SHIB as the second most valuable meme-inspired project. Reacting to CryptoCom’s highlight, the Shiba Inu team noted that SHIB merely occupies position two today but is on track to be number one. In particular, the team remarked, “[Number] 2 today, but the Doge days are…
Binance, one of the leading cryptocurrency exchanges, has confirmed its support for the upcoming network upgrades and Hard Forks of Polygon (MATIC) and Cosmos (ATOM). Binance Announces Support for Polygon (MATIC) and Cosmos (ATOM) Network Upgrades and Hard Forks The decision aims to ensure the best possible user experience during these important developments in blockchain ecosystems. The Polygon (MATIC) network upgrade and Hard Fork is scheduled to occur at block height 54,876,000, which is estimated to occur on March 20, 2024 at 09:00. To facilitate this process, Binance will temporarily suspend token deposits and withdrawals from the Polygon (MATIC) network…
The top crypto prices today continued crashing as the Bitcoin (BTC) price extended lower to the $61,000 level again. In addition, the Ethereum price fell below the $3,200 mark. Meanwhile, other top altcoins, such as Solana (SOL), XRP, and Cardano (ADA) dropped significantly. Read the full article here