Author: News Room
Shibarium, the layer-2 solution developed within the Shiba Inu ecosystem, has witnessed a staggering decline in transaction volume, plummeting by a remarkable 98.4% in less than three days. Data from Shibariumscan reveals a stark drop from over one million transactions to a mere 9,330 in the past 24 hours, marking a concerning trend for the network. This downturn comes on the heels of a significant downturn in the price of the Shiba Inu token (SHIB). After experiencing a meteoric 375% surge in the first half of March, SHIB’s value nosedived over the subsequent two weeks, erasing nearly a third of…
According to breaking information, Fidelity has changed its previous Ethereum Spot ETF application to include the Staking feature. The staking feature in Ethereum was launched after the network switched to the Proof of Stake mechanism, and wallet owners who locked their coins were rewarded with ETH in return for ensuring the security of the network. Sıcak Gelişme: Fidelity, Ethereum Spot ETF başvurusuna Staking özelliğini ekledi. — Bitcoin Sistemi (@bitcoinsistemi) March 18, 2024 It was known that the SEC was not very keen on this feature and that is why many Spot ETF applicant companies did not include this feature in…
Tokenize Xchange, a crypto exchange founded in 2017, has successfully raised $11.5 million in a latest funding round for expansion in Singapore. According to a recent report by The Straits Times, the Series A, Phase 2 funding round was led by the local venture capital firm Trive with other participants including high-net-worth individuals. Tokenize Xchange’s Growth Strategy Tokenize Xchange is set to expand its team in Singapore, targeting an increase from 20 to 100 staff members over the next 18 months. This growth would particularly focus on enhancing the team’s compliance and operational capabilities. With the recent addition of $11.5…
The situation for Bitcoin worsened in the past 24 hours as the asset plummeted to under $61,000 for the first time in over two weeks, but there are some positive signs now. Most altcoins dumped hard in the past few days, but some have turned green with notable increases from the likes of ARB and STX. BTC’s Wild Ride The landscape around Bitcoin was entirely different a week ago. The asset had kept its momentum going and was charting new all-time highs almost daily. This culminated in a price surge on Thursday when the asset tapped $73,800, which is the…
Kyle Davies, the founder of bankrupt Three Arrows Capital (3AC), was recently interviewed on the cryptocurrency podcast Unchained. During the interview, Davies explained how he intends to avoid his prison sentence in Singapore, how he still believes his actions were not fraudulent, and why “Uncle Kyle’s Chicken restaurant” is still unlaunched. Davies claimed the pending Singaporean prison sentence was a surprise, blamed his and Su Zhu‘s lawyers for not adequately reminding them about the court date that they missed, and also said that “this is not my full-time job.” Despite their lawyers apparently being responsible for their prison sentences, Davies…
Milady Founder Krishna Okhandiar, known by his pseudonym Charlotte Fang, recently shared an X post cautioning her followers against a security breach. Fang claimed that her system was attacked, compromising all imported wallets. My system was hacked and it compromised all imported wallets. If you receive an odd message from any of my accounts, treat with caution. Still assessing, technical post-mortem will follow, but primary damage was the Fumo LP and the NFTs we held staked in NFTX, however NFT… https://t.co/K6w1CBTdFb — ♡ Charlotte Fang 🐉 Crown Prince ❀ LOVE HEALS 💞 (@CharlotteFang77) March 16, 2024 According to Fang’s X…
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