Author: News Room
Fans of the outer space role-playing game have spent the last two decades filling the persistent universe with epic-scale battles, launching in-game corporations with over 10,000 players, and developing community lore so extensive that multiple books have been written about it. They’ve also deployed extensive tools and data platforms around CCP Games’ creation, plugging holes and expanding on the game in ways that the Icelandic studio hadn’t conceived of. CCP Games founder and CEO Hilmar Veigar Pétursson told Decrypt’s GG that half of the activity on Eve Online’s database is now generated by externally developed code. Eve Online players embraced…
On 20 March, Kraken Institutional announced the rollout of its qualified custody solution, Kraken Custody, via Kraken Financial, signalling a significant enhancement in security and services for institutional clients in the cryptocurrency sector. As a part of one of the most secure and longest-standing cryptocurrency exchanges, Kraken Financial, is now authorized to offer digital asset custody and deposit accounts specifically designed for institutional investors. Kraken Financial is creating a link between conventional banking and the digital asset world. It aims to offer the familiar services of a traditional bank, coupled with access to the digital asset ecosystem, advancing Kraken’s goal…
Bitcoin’s (BTC) value surged by nearly 10% on Wednesday. This rise defied the prevailing trend of net outflows from US-listed spot Bitcoin Exchange-Traded Funds (ETFs). These funds have seen a significant withdrawal of approximately $742 million this week. Notably, a substantial outflow of $261.5 million occurred on March 20 alone. Why is The Bitcoin Bull Cycle Far From Over? Farside Investors provided data showing a stark contrast between inflows and outflows within the sector. The Grayscale Bitcoin Trust (GBTC) and Invesco Galaxy Bitcoin ETF (BTCO) experienced the most significant losses, with $386.6 million and $10.2 million exiting, respectively. Consequently, the…
Alexey Pertsev, a developer for Tornado Cash, has reportedly been indicted by prosecutors in the Netherlands. They accuse him of laundering $1.2 billion. Pertsev’s attorney confirmed the prosecutors’ intent to charge his client. According to Dutch prosecutors, while a crypto-mixing service is not “inherently illegal,” using it to launder criminal assets is punishable. Dutch Prosecutors […] Read the full article here
A closely followed crypto analyst says that BNB, the native token for the BNB Chain ecosystem, is one of the most solid high-cap plays for the current market correction. Pseudonymous trader Kaleo tells his 630,000 followers on the social media platform X that he thinks BNB is gearing up for a breakout. He shares a BNB versus Bitcoin (BNB/BTC) chart suggesting that BNB is set to start outperforming the crypto king in the coming weeks. “Still believe BNB is one of the best high cap buys out there right now on this dip/retest.” Looking at the trader’s chart, he seems…
One Ethereum (ETH) layer-2 altcoin project is soaring after a sudden listing by Binance, the world’s largest crypto trading platform by volume. As Binance announced on Monday spot trading support for ETH scaling solution Metis (METIS), the token rallied by double digits. Says Binance, “Binance will list Metis (METIS) and open trading for these spot trading pairs at 2024-03-11 12:00 (UTC). New Spot Trading Pairs: METIS/BTC, METIS/USDT, METIS/FDUSD and METIS/TRY.” METIS aims to offer lower fees and faster transaction times than the leading smart contract platform Ethereum. The MetisLab Foundation project, which launched in 2021, uses optimistic roll-up technology to…
Coinbase has added a controversial “intel-to-earn” altcoin project to its listing roadmap. On Monday, the top US crypto exchange placed Arkham (ARKM) on the path towards being tradeable on its platform in the future. Arkham is an intelligence exchange where buyers can place bounties on specific pieces of information. Information buyers will have exclusive access to the intelligence they purchased for 90 days. After that, the data becomes available to all users. ARKM, the project’s native token, kicked off trading via Binance Launchpad last July and secured an investment from Binance Labs in November. The de-anonymizing nature of the project…
In its letter to District Judge Lewis Kaplan on Tuesday, the legal team behind the disgraced FTX founder Sam Bankman-Fried has contested the sentencing recommendation put forth by the Department of Justice last week. The US prosecutors had previously proposed a prison term of 40 to 50 years for the former FTX CEO, but the lawyers deemed the memorandum “disturbing.” SBF Lawyers Cry ‘Not Justice’ In a letter submitted on March 19th, SBF’s lawyers argued that the memorandum portrays a distorted version of reality, unfairly painting the fallen exec as a “supervillain” figure with exaggerated and unfounded motives. They have…
Uncertainty is mounting in the crypto market ahead of this week’s Federal Open Market Committee (FOMC) meeting. Data from CoinGecko shows that Bitcoin (BTC) hit a low of $61,500 on Tuesday before bouncing back above $62,000 during the day. At the time of writing, BTC is trading at around $62,800, almost 15% lower than its record high of $73,700 set last Thursday. All eyes are set on the Fed’s interest rate decision in the next hours, which could affect Bitcoin’s price action. According to updated estimates from the CME FedWatch Tool, there is a 99% likelihood that interest rates will…
MakerDAO, creator of the DAI stablecoin, has a good problem: Demand for its product is high. SparkLend, a borrowing and lending platform organized as a sub-DAO within Maker, has issued so much DAI in recent weeks that it needs authorization to lend more. In a governance vote approved Thursday at 12:00 pm ET, Maker voted unanimously to double the D3M maximum debt ceiling to 2.5 billion DAI. “D3M” stands for Decentralized Debt Markets Module, a mechanism designed to optimize the DAI liquidity across different DeFi platforms. The module automatically adjusts the DAI borrowing rates on external platforms (like Aave) to…