Author: News Room
Liquid restaking platform EtherFi’s ETHFI token has faced considerable struggles since its airdrop, partly due to one of its early investors selling their airdropped tokens.Blockchain analytical firm Nansen reported how Arrington XRP Capital, one of EtherFi’s investors, allegedly may have gamed EtherFi’s airdrop process for personal profit.Arrington ‘sybils’ EtherFiNansen’s findings reveal that Arrington XRP Capital staked 5,000 ETH across ten separate wallets, each containing 500 ETH. This move allowed the firm to claim the ETHFI airdrop from ten separate wallets, amassing 200,498 ETHFI tokens.Subsequently, all the airdropped tokens were transferred to the Binance crypto exchange, suggesting the firm might have divested…
The Bitcoin halving is roughly a month away. It’s set to take place on or around April 20, though the exact date won’t become clear until it’s closer. The quadrennial event takes place every 210,000 blocks, this time at block 840,000. Following the halving, the amount of bitcoin awarded to miners will be, well, halved: Mined bitcoin rewards will drop to 3.125 per block, down from 6.25. The last halving occurred in 2020 when the rewards dropped from 12.5 bitcoin per block to 6.25. What’s different this time? This will be the fourth halving in the history of Bitcoin, but…
TL;DR Bitcoin (BTC) dropped below $61,000, but some Solana-based meme coins like Book of Meme (BOME) are well in the green. Another meme coin, Slerf (SLERF), spiked in price before being involved in a suspicious activity that erased $10 million in investor funds. The correction in the cryptocurrency market has intensified in the past 24 hours, with Bitcoin (BTC) dropping below $61,000 for the first time in two weeks. However, some Solana-based meme coins continue defying the negative trends, witnessing substantial gains. One evident example is Book of Meme (BOME), whose valuation briefly spiked by 30% on a daily scale…
TL;DR The Ripple v. SEC case over XRP’s legal status nears its trial on April 23, following a joint letter regarding trial preparations. The lawsuit’s resolution could be crucial for XRP’s price, with previous legal victories for the company prompting notable surges. The lengthy legal battle between Ripple and the United States Securities and Exchange Commission (SEC) is nearing a grand trial (scheduled for April 23), which seems to be the final chapter of the dispute. Recall that the lawsuit was launched in December 2020 when the regulator accused the company of illegally raising more than $1.3 billion in an unregistered…
[PRESS RELEASE – London, United Kingdom, March 20th, 2024] Memeinator’s presale has entered its final stage with 4% of the total supply of tokens remaining before it becomes available for public trading. The team has observed the presale’s impact among meme coin enthusiasts, driven by its Terminator-inspired branding and ambition to lead in the meme coin market. They also expect the enthusiasm for MMTR tokens to further increase as it hits the open market, which will be further fuelled by the release of The Meme Warfare game being developed by Red Apple and due for a beta release in Q2.…
[PRESS RELEASE – London, United Kingdom, March 20th, 2024] Scorpion Casino ($SCORP), a leading GameFi platform, today announced it has surpassed $8 million raised in its ongoing presale. This significant milestone demonstrates the users’ confidence in Scorpion Casino’s innovative approach to online gaming. The presale funds will be used to further develop the Scorpion Casino platform, including the launch of its highly anticipated sportsbook scheduled for April 1st, 2024. Additionally, the funds will support the integration of new features and functionalities aimed at enhancing the user experience for all players. The Scorpion Casino presale remains open, offering investors the opportunity…
TL;DR XRP keeps gaining support from notable exchanges. The asset’s price has slightly increased in the past 24 hours, contrasting with the broader market correction. XRP’s price might be down 15% on a weekly scale, but interest in the asset remains high. Most recently, it received backing from a leading cryptocurrency exchange, an effort that could improve its liquidity and accessibility and potentially have a positive impact on its valuation. The company in question is one of the veterans in the industry – BitMEX. It announced on X that users can deposit, convert, and trade XRP on BitMEX Spot, describing…
The crypto ICOs seem to have disappeared. What happened to them? In reality, they haven’t completely disappeared, but they have changed shape. In order to answer the question, we need to clarify whether we want to consider ICOs in a strict, technical-formal sense, or if we want to consider the launch of new tokens. What are crypto ICOs? The launch of new tokens I launchpool The airdrops The failure of crypto ICOs in 2019 What are crypto ICOs? From a technical-formal point of view, ICO simply means Initial Coin Offering, which is the initial offering on the market of new…
Photo by neskue on Midjourney March has seen several web3 initiatives to recognize and spotlight women’s achievements in celebration of Women’s History Month. This annual observance, established in 1987, emphasizes the profound contributions women have made to society. Diversity Drives Web3 Growth Monica Talán, Founder and Contributor at Spanish-language web3 platform CryptoConexión, told Cryptonews that raising awareness for women in web3 is not just about achieving gender balance. Rather, Talán believes that highlighting women in the web3 sector will expand the field’s talent pool, leading to fresh perspectives and new approaches. “This will create more equitable economic opportunities, build inclusive…
With only three weeks remaining until the general election, South Korea’s rival political parties are vying for support from crypto investors, who have emerged as a key voting group. According to local media outlet JoongAng Daily, the parties recognize the significance of addressing cryptocurrency-related policies amid the surging popularity of this nascent industry. Notably, South Korea is also seeing a rise in numbers from crypto investor voting groups. Bitcoin’s price surge has captured public attention, with the cryptocurrency trading at 92.1 million won ($68,654) on Upbit, the country’s largest cryptocurrency exchange. Although the price has dipped from its recent peak…