Author: News Room

In a post on X, FLOKI announced a strategic alliance with Carbon Browser, the leading Web3 browser. The partnership is designed to revolutionize the visibility and utility of FLOKI. Following the announcement of the partnership, FLOKI’s price rose notably by 5.17%, breaking a week-long bearish trend that saw the token lose just over 38%. Floki’s partnership with Carbon Browser marks a turning point towards widespread adoption and acceptance. Carbon Browser has over 7 million downloads and boasts a huge base of digitally savvy users. The collaboration provides Floki with prominent placement on the Carbon Browser platform, including homepage visibility for…

While there is consensus that US spot ether ETFs are coming, most industry executives agree regulatory deliberation is set to stall approvals in the near term. The Securities and Exchange Commission is expected to rule on such product proposals by May 23 after delaying their decision on several of the applications. “I’m 100% sure that it gets approved; I’m not 100% sure when,” CoinFund president Christopher Perkins told Blockworks. “It’s a travesty that we don’t have more regulatory certainty beyond that.” When the SEC approved spot bitcoin ETF products in January, Chairman Gary Gensler said in a statement the action…

A local coffee chain serving Washington has taken a bold step to ensure widespread acceptance of cryptocurrencies. Compass Coffee, a coffee brand with sixteen stores in Washington, is partnering with Coinbase, the largest crypto exchange in the United States, to offer its customers the option to pay with USDC, Fox Business reports. To showcase the potential of cryptocurrencies, customers who pay with USDC at Compass Coffee’s Half Street location will receive a 90% discount on their order, as well as an NFT that can be used to redeem a free Coinbase-branded can of coffee. The USDC payment option will initially…

After the price of Pepe (PEPE) rose to $0.00000826, Spot On Chain revealed that some large investors were buying more of the token. According to Spot On Chain’s post on X, one trader changed 3.67 million USDC and 300 WTAO (WrappedTAO) and bought 460.2 billion PEPE. Another trade involved in the accumulation liquidated $1.12 million of his Shiba Inu (SHIB) holdings and bought 100 billion PEPE. As the price rebounds ~23% (24H), two smart traders, who have earned $2M+ from $PEPE, added 560.2B $PEPE ($4.67M) to their holdings.1. Trader 0xd93 spent 3.67M $USDC and 300 $WTAO (total: $3.86M) to buy…

Sam Bankman-Fried’s defense team argued the U.S. Department of Justice was misapplying legal precedent in arguing for a lengthy prison term. The DOJ urged a sentence of 40 to 50 years, as opposed to the defense’s request for roughly 6 years, for the former FTX CEO. Sam Bankman-Fried’s lawyers have pushed back against some of the legal cases cited by the U.S. government in its sentencing memo, which makes the case for why the Department of Justice think the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday said. Bankman-Fried’s…

In a captivating solo episode of his podcast, Anthony Pompliano, Founder of Pomp Investments, meticulously unravels the complexities surrounding the notion of a Bitcoin supercycle. According to Pompliano, understanding Bitcoin’s historical cycles and the significant impact of halving events is crucial for grasping the asset’s future trajectory. He emphasizes that each halving, a pre-programmed event reducing Bitcoin’s new supply rate, historically precedes a substantial price increase, underscoring the asset’s resilience and growth potential. Pompliano’s analysis does not shy away from acknowledging the unique aspects of the current Bitcoin cycle. He points out how Bitcoin has deviated from past patterns, such…

TL;DR The cryptocurrency market is on the rebound, with various altcoins seeing minor gains, while a certain digital asset surged by over 20% after Coinbase announced support for it. Similar listings, such as those for Akash Network (AKT) and Helium Mobile (MOBILE), demonstrate the exchange’s influence on boosting crypto valuations and investor interest. The cryptocurrency market continues to recover from the most recent correction, with Ripple (XRP), Dogecoin (DOGE), Shiba Inu (SHIB), and many other altcoins witnessing minor gains on a daily scale. Other assets, though, have rallied much more significantly, with Ronin (RONIN) being an evident example.  The gaming…

In a remarkable twist for cryptocurrency enthusiasts, Bitcoin has once again asserted its dominance in the financial realm by increasing its price to the sky-high level of over $68,000, accompanied by an enticing $6,000 green candle. This surge marks the largest daily increase since February 2021, sending the digital currency community into a frenzy. With all eyes on the coveted milestone of $75,000, an impressive $5 billion worth of Bitcoin shorts is hanging in the balance, awaiting a potential liquidation. The positive fluctuations in the price of Bitcoin The new threshold of $75,000 Conclusion The positive fluctuations in the price…

VeChain, a prominent L1 public blockchain platform, has unveiled the winners of its recent hackathon held at the University of Cambridge.— The event, organized in collaboration with Web3 educational app EasyA and supported by Boston Consulting Group (BCG), aimed to foster the development of VeChain’s VeBetterDAO ecosystem. Over 50 projects were presented during the hackathon, showcasing innovative applications leveraging blockchain technology.All winners were awarded a portion of the $30,000 prize fund and the opportunity to access additional funding. Projects were evaluated by a panel of industry experts, including Dr. Bernhard Kronfellner from BCG, based on their ability to address sustainability…

Over the past few hours, the price of Stacks (STX) has skyrocketed over 30%, reaching an all-time high of $3.65. The token has risen from an intraday low of $2.75 on March 20, but has retreated slightly and is trading at $3.36 at the time of writing. Moreover, since the beginning of this year, the asset has grown by an impressive 125%. Stacks allows developers to write smart contracts for the Bitcoin network. The impetus for the price increase was the approval of a major upgrade to the Stacks protocol called Nakamoto. On March 20, the Stacks Foundation announced that…