Author: News Room
Coinbase is advising its customers to exercise patience following a series of transaction failures attributed to network congestion on the Base network. Coinbase Reports Transaction Failures Users of Coinbase Wallet and Coinbase.com have encountered intermittent disruptions. Indeed, some transactions are not being confirmed as expected. In response to these challenges, Coinbase has issued guidance. It suggested that users either wait for a resolution or attempt to resubmit their transactions on Coinbase.com. “We advise that Coinbase Wallet customers wait for congestion to resolve before submitting transactions on the Base network,” the company stated. This situation reflects the nature of blockchain networks,…
PRESS RELEASE. Solama, a new meme coin developed on the Solana network, will soon get listed on one more centralized crypto exchange: HTX (formerly known as Huobi Global). The announcement was made on March 18, 2024, on Solama’s official X (Twitter) account. Growth Has No Boundaries Solama, one of the most promising Solana-based meme coins […] Read the full article here
A widely followed crypto analyst is predicting a massive rally for one Ethereum (ETH) competitor while updating his forecasts on Cardano (ADA) and Polygon (MATIC). Crypto strategist Ali Martinez tells his 53,500 followers on the social media platform X that he envisions layer-1 blockchain Fantom (FTM) to surge to a price tag of $1.44, a gain of over 80% from its current price. Near the end of February, Martinez had correctly predicted that FTM would surge to around the $0.87 mark. FTM is trading for $0.873 at time of writing, a 4.5% increase on the day. On February 28th, FTM…
Binance is planning on rolling out support for a new decentralized finance (DeFi) staking protocol via its Launchpool platform. The top crypto exchange platform in the world by volume says its 49th Launchpool project will be ether.fi (ETHFI), a decentralized and non-custodial Ethereum (ETH) liquid staking platform. Launchpool allows users to stake coins to farm yet-to-be-launched crypto assets. Says Binance, “Binance is excited to announce the 49th project on Binance Launchpool – ether.fi (ETHFI), a decentralized, non-custodial delegated staking protocol. The webpage is estimated to be available in 24 hours, before the Launchpool starts. Users will be able to stake…
Economist Alex Krüger is laying out what he thinks are the top reasons for the latest Bitcoin (BTC) and crypto market correction. Krüger shares with his 167,000 followers on the social media platform X his four main reasons why digital assets are down over the last week. “Reasons for the crash, in order of importance (for those who need them) #1 Too much leverage (funding matters)#2 ETH driving market south (market decided ETF not passing)#3 Negative BTC ETF inflows (careful, data is T+1)#4 Solana sh*tcoin mania (it went too far)… I was expecting this correction. Was expecting it in April…
Crypto intelligence platform DappRadar says the total value locked (TVL) in the decentralized finance (DeFi) sector surged to a level not seen in over a year. DappRadar notes in a new analysis that total DeFi TVL increased by 7% in January and reached $110 billion, the highest since 2022. TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem. DappRadar radar says the jump in overall TVL indicates a “resurgence in the market.” “This surge in DeFi’s TVL is partly attributed to growing optimism about…
A recent phishing attack has left a crypto investor reeling from a loss of 501 ETH, valued at approximately $2 million, staked through liquid restaking protocol Ether.Fi. On-chain data reveals that the theft occurred earlier today and involved two transactions. In one transaction, 426 ETH were siphoned, followed by another 75 ETH in a subsequent transaction. At the time of the attack, these stolen assets were valued at roughly $1.6 million and $276,000, respectively. As a result of the theft, the wallet’s net worth plummeted by over 99.93%, leaving them with only $1,453. Scam Sniffer, a Web3 security platform, identified…
Consensys CEO and Ethereum co-founder Joseph Lubin said the world is on the cusp of a generational paradigm shift fueled by decentralization as the current monetary system of the world is failing.He made the statements during a fireside talk at ETHDenver, where he discussed his thoughts on what could drive the next supercycle in technology and finance.Lubin believes that this shift will result in a “super cycle” for the crypto industry as monetary systems evolve and wealth is transferred to the younger generations. He said:“The momentum is picking up, and it’s unstoppable.”Need for a decentralized systemLubin painted a broad picture,…
Bitcoin (BTC)’s price spiked on Wednesday following the latest Federal Open Markets Committee (FOMC) meeting, at which the Federal Reserve announced no changes to interest rates. The decision keeps the central bank’s benchmark rate between 5.25% and 5.50%, and pushes back investors’ hopes of a more dovish pivot for markets in the near term. Bitcoin traded for $62,000 one hour before the announcement, before shooting to $64,600 as the updated benchmark rate was revealed. In a statement, the central bank noted that economic activity in the country continues to expand, unemployment remains low, and inflation remains elevated. “The Committee does…
In recent weeks, the cryptocurrency community has witnessed Bitcoin’s thrilling ascent to new all-time highs, only to see it retreat below the $63,000 mark. According to data from TradingView, although the Bitcoin price got as high as $73,794 on crypto exchange Bitstamp on March 14, it fell to as low as $61,447 yesterday. Source: TradingView This rollercoaster has left many investors and enthusiasts seeking clarity on the forces at play in such dramatic price movements. Enter Jason Urban, the global head of trading at Galaxy Digital, who appeared on CNBC’s “Crypto World” on March 19 to explain what is happening…