Author: News Room

Leading smart contract platform Ethereum (ETH) is showing signs of growth despite its underperformance and the regulatory uncertainty surrounding it, according to market intelligence firm IntoTheBlock. In a new article, the head of research at the crypto analytics platform says that Ethereum volumes are reaching levels they haven’t seen in years, signaling growth. “Ethereum has been subject to criticism by many over the past few months. Within crypto, people point to ETH’s price underperforming and traction on Solana as a sign of Ethereum losing its mojo. Beyond crypto, regulators are now reportedly cracking down on the Ethereum Foundation and going…

A 46-year-old housewife in Hong Kong has reported losses of 7.1 million Hong Kong dollars ($908,000) after investing in a fraudulent crypto investment platform. According to a report by the South China Morning Post, people familiar with the matter revealed that the woman did not realize she had been scammed until a year after the incident when she discussed the investment with her family. Hong Kong Housewife Scammed of $908K One of the fraudsters contacted the victim through Instagram in July 2022 and urged her to invest in cryptocurrencies through a link to a fraudulent trading platform. Together with another…

The Bitcoin halving—the quadrennial event that slashes the rewards miners earn for supporting the network—looked to be on target for April 20 (4/20) as of Valentine’s Day last month. And at the time, Bitcoin investors were praying for a new all-time high price of $69,000. Ahem. Just over a week ago, however, the halving target had moved up to April 15, and Bitcoin had already blasted past its all-time price mark to $71,000. Meme number dream ruined? Well, only partially—because now the Bitcoin halving appears to be set for April 20 again. Will the latest estimate hold true? Only time…

Wifi Dabba, a decentralized internet service provider, recently announced plans to expand internet connectivity in India by distributing over 100,000 devices across the country. These devices, hosted on the Solana blockchain, are part of the DePIN project, which aims to connect the unconnected by the end of the year. Only 30 million individuals in India, a country of more than 1.4 billion, have access to WiFi, while a large portion of the population remains detached from the internet. The company’s strategy focuses on decentralization to combat the limited reach of India’s major telecom corporations, which primarily serve urban areas. Karam…

Terra Classic (LUNC), Terra USD (USTC) and Terra (LUNA) prices experienced a slight increase with the recent news. The rises came after Vijesti, a local newspaper based in Montenegro, claimed that the sentence of Do Kwon, the founder of the altcoins in question, would be commuted to house arrest and Kwon would be released. The Terra (LUNA) ecosystem experienced a collapse in May 2022 and deleted approximately $40 billion worth of assets from the cryptocurrency market. A significant portion of the cryptocurrency world thinks that Do Kwon is a scammer running a Ponzi scheme. Kwon printed billions of additional LUNA…

Another wave of FUD around the possible security status of Ethereum (ETH) is the key reason behind its “underperformance,” data says. However, passionate holders do not seem to be ready for selling en masse. Ethereum FUD causes record-breaking ETH inflow to CEXes In the past week, the Ethereum (ETH) supply has experienced mixed trends. As the meme coin mania loses steam, the aggregated Ethereum (ETH) fees dropped by 41%, says leading blockchain data tracker IntoTheBlock. In this week’s newsletter, we analyze some of the recent FUD against Ethereum. We evaluate ETH’s relative performance in terms of price, its fundamental metrics…

Top exchange BlueBit integrates Shibarium to allow users to deposit and withdraw Shiba Inu ecosystem tokens, including SHIB, LEASH, and BONE, through the network. The growing interest in Shiba Inu’s L2 blockchain Shibarium does not seem to be ending anytime soon, as another top exchange adds support for the network. BlueBit is the latest crypto exchange to integrate support for Shibarium. Yesterday, the exchange tweeted that Shibarium had successfully integrated into its platform. The exchange anticipates that the integration will foster a stronger bond between the Shiba Inu and BlueSparrow communities and pave the way for more remarkable accomplishments. Shiba…

With Bitcoin failing to sustain the 10% recovery on Wednesday as it drops back under the $64,000 mark, the markets witness a bear attack. Amidst such conditions, the XRP price also fails to sustain the bullish recovery of 7% in two days as it witnesses an intraday fall of 5%. As the sellers assert dominance over the altcoins, will Ripple coin fails to prolong the uptrend drop to $0.55? Read the full article here

Ripple Chief Technology Officer (CTO) David Schwartz has issued an important warning about ongoing scams aimed at customers of the now-defunct crypto trading platform FTX. As the bankruptcy proceedings of FTX advance and the possibility of repaying some customers emerges, opportunistic scammers are sprouting up, aiming to prey on unsuspecting victims. There are some scam emails circulating claiming that you need to do something about your FTX claim. Don’t use the links in those emails. You can check the status of your claim at the official portal:https://t.co/4AvGkii3kh — David “JoelKatz” Schwartz (@JoelKatz) March 21, 2024 According to Bloomberg, FTX told…

Gaming activity is bubbling up on buzzy new Ethereum scaler Blast, and while one game has already fallen victim to an exploit on the nascent network, another is yielding rave reviews from players while driving Blast’s most-traded token. Crypto Valleys is the game in question, and it initially appears to tread upon similar ground as Pixels, the popular farming game on competing scaler Ronin. But while Pixels is a relatively robust experience akin to traditional video games, Crypto Valleys—at least in its initial incarnation—is focused on keeping DeFi degens coming back to harvest more gains. In the web-based game, you’ll…