Author: News Room

An experienced market analyst says a double bounce carried out by Shiba Inu on a critical support level points to high gains for the token. With the recent crypto market drawdown, the price of Shiba Inu hit new lows of $0.0000238. Amid the collapse, the cryptocurrency retested the $0.0000238 support level twice, providing a strong indication of strength at this level. Analyst SHIB Knight spotlighted this development, noting that it signifies strong demand for Shiba Inu at those levels. In essence, many market participants consider $0.0000238 a fair value price for Shiba Inu. Meanwhile, Shiba Inu had earlier attempted to…

South Korean “tax dodgers” have been dealt another blow, with tax authorities in the city of Hwaseong confiscating cryptoassets worth over $768,500. Tax officers said they had seized a whopping $567,000 of the total from one single individual. The move is part of a continued nationwide crackdown. South Korean Tax Dodgers in Crosshairs in Hwaseong Crypto trading profits are not yet subject to taxation in South Korea, where successive governments have u-turned on and delayed plans to introduce levies. However, tax officials think that many people throughout the country have used crypto to conceal their earnings and income. Tax officers…

A security exploit in old smart contracts of the money market Dolomite resulted in a loss of approximately $1.8 million, blockchain security firm CertiK reported. The breach, which occurred on Mar. 20, involved an attacker manipulating a vulnerability in input validation to transfer funds from victims using the ‘transferFrom’ method. The drained funds were originally denominated in USD Coin (USDC) and were subsequently converted to Ether (ETH). Dolomite’s team explained via an X post that only long-time users who interacted with its platform before 2020 were affected and a transaction has been submitted to disable the exploited contract from being…

Shrapnel, the anticipated first-person shooter being built on Avalanche, has unveiled a string of new updates for players participating in its early access experience on PC via the Epic Games Store, including the launch of a marketplace for purchasing premium cosmetic items. Neon Machine launched the Shrapnel Training Exercise 2 (STX2) version of the early access game on Wednesday, which introduces equipable in-game cosmetics like premium weapon skins that players can purchase using the game’s SHRAP token. “The debut of our marketplace and premium cosmetics marks a pivotal milestone in our journey towards a unique Shrapnel economy that rewards creators…

Smart contract platform Cardano ($ADA), the eighth-largest cryptocurrency by market cap, has dipped alongside the broader crypto market downturn to the point that it’s up just around 6.5% year-to-date. An analyst, however, has suggested it could see a surge of over 2,000% in the near future. The price of the flagship cryptocurrency Bitcoin ($BTC) is up more than 58% so far this year, even after an 8% dip over the past week that came after BTC made a new all-time high above the $73,400 mark thanks to growing demand from spot Bitcoin ETFs in the United Stated and to its…

Coinbase’s Chief Legal Officer, Paul Grewal, has taken a strong stance on the ongoing debate regarding Ethereum’s status as a security or commodity. Amidst the US Securities and Exchange Commission’s (SEC) rigorous legal efforts to potentially classify Ethereum as a security, Grewal emphasizes its longstanding recognition as a commodity. Ethereum Is Not a Security The SEC’s scrutiny of Ethereum has intensified following the transition to a Proof-of-Stake (PoS) governance model in September 2022. Such actions have sparked concerns within the crypto industry regarding the future of Ethereum Exchange-Traded Funds (ETFs). This move by the SEC comes despite its previous approval…

A closely followed crypto strategist remains bullish on a top Ethereum (ETH) competitor despite a sudden correction. Pseudonymous analyst Altcoin Sherpa tells his 212,100 followers on the social media platform X that Solana (SOL) is showing strength after retesting the $165 Fibonacci retracement level. “SOL: good first reaction to that $165 level. To be determined if that was the bottom; I frankly hope that we see more ranging/another test of that level. Still incredibly bullish on this one in 2024 though.” The trader previously predicted SOL will reach new all-time highs this year. Solana is trading for $184.95 at time…

[PRESS RELEASE – Victoria, Seychelles, March 21st, 2024] Bitget, a leading cryptocurrency exchange and Web3 company, is thrilled to announce the listing of Toadie (TOAD), a memecoin project that transforms NFTs into gateways to a vibrant digital ecosystem. In the captivating universe of Toadie, NFTs transcend traditional digital collectibles, serving as keys to unlock a realm of endless possibilities. Toadie introduces an innovative concept where NFTs are more than just static assets; they are dynamic entities that fuel adventures and experiences within its digital ecosystem. Toadie NFTs empower users with levels that determine energy for Play-to-Airdrop (P2A) adventures, offering increased…

Renowned investor and book author (famous for his book on financial literacy “Rich Dad Poor Dad,” published in the late 1990s and several books on financial markets that followed) Robert Kiyosaki has taken to the social media platform X (formerly popular as Twitter) with a warning about the current state of the financial markets and the role of Bitcoin in the current economic situation. Bitcoin heading for $300,000 thanks to halving – Kiyosaki Earlier this year, Kiyosaki, like many other Bitcoin believers, spoke about the approaching Bitcoin halving event on Twitter/X, emphasizing its massive importance. Similarly to many Bitcoiners, the…

Mintlayer, a Bitcoin (BTC) layer 2 sidechain seeking to improve direct token interoperability and foster decentralized finance (DeFI), has launched a new staking program interface to streamline user experience and improve accessibility, as per the latest information shared with Finbold on March 21. Blending Mintlayer’s block explorer and Mojito wallet browser extension, the program allows users to stake their ML tokens and reap rewards. Mintlayer’s staking initiative Mintlayer’s staking initiative is poised to empower a larger user base to engage in token staking activities. Boasting an Annual Percentage Yield (APY) currently hovering around 198%, the platform stands out as one…