Author: News Room

Two significant investors, known colloquially as “whales,” have made massive purchases of Pepe (PEPE) coins, totaling an astounding 560.2 billion coins. This development, highlighted by the cryptocurrency analytics platform Spot On Chain, has sparked a flurry of discussions and speculation about the popular meme coin. According to data shared by Spot On Chain, these purchases come as the price of PEPE saw a notable rebound, increasing approximately 11% in the last 24 hours. The substantial acquisitions by the whales coincide with this price rebound after the recent crypto crash, indicating a potentially strategic move to capitalize on fluctuating market conditions.…

Ethereum (ETH) price has been following the broader market cues, declining on the chart after hitting a multi-month high last week. The bigger question now is if ETH holders will be able to hold on to their assets or if they will succumb to the bearish woes. Ethereum Price to See a Further Decline? Ethereum price trading at $3,357 has failed in flipping the two-year-old resistance block into a support block. Even though the altcoin was successful in breaching the $3,582 to $3,829 range, it could not sustain above it for too long as ETH had already marked the market…

Coinbase is advising its customers to exercise patience following a series of transaction failures attributed to network congestion on the Base network. Coinbase Reports Transaction Failures Users of Coinbase Wallet and Coinbase.com have encountered intermittent disruptions. Indeed, some transactions are not being confirmed as expected. In response to these challenges, Coinbase has issued guidance. It suggested that users either wait for a resolution or attempt to resubmit their transactions on Coinbase.com. “We advise that Coinbase Wallet customers wait for congestion to resolve before submitting transactions on the Base network,” the company stated. This situation reflects the nature of blockchain networks,…

Cryptocurrency is simply digital currency, an online medium of exchange via blockchain technology. It’s encrypted , immutable, and decentralized. According to Statista, the global cryptocurrency market could grow from $51.5 billion in 2024 to $71.7 billion by 2028 at a compound annual growth rate of 8.62%. In recent years, we’ve witnessed the growing adoption of cryptocurrency among companies across different industries, but is it right for your small business? Cryptocurrency now leads the financial technology, paving the way for digital transactions in business worldwide. Small businesses can attract international consumers using crypto and offer local customers new payment methods. Let’s…

In a rather surprising development today, Coindesk claimed that an investigation was opened against the Ethereum Foundation by state authorities. However, the name of the state that opened the investigation is not clear. The investigation was discovered after the removal of text on the Ethereum Foundation website warning that they had not been contacted by any government agency. However, there was no confirmation of the incident neither by Ethereum nor by government officials. The Ethereum Foundation, which aims to support the development of ETH as a non-profit organization, is based in Switzerland. They have no official ties to ETH, but…

This year’s bull market has seen a resurgence of many crypto narratives from yonder cycles, including crypto gaming. In that sector the Ronin network – whose game Axie Infinity reigned over the last gaming moment – is back again. Since the start of 2024, Ronin’s user base has ballooned over 700%, according to Token Terminal, growing faster than Solana’s meme coin-fueled DeFi landscape as well as TON, the on-chain home for messaging app Telegram’s mounting crypto efforts. A single game has fueled Ronin’s resurgence: Pixels. The low-fi farming game sees players set up plots of digital land and embark on…

Within the last 24 hours, the market witnessed a significant rally in the Bitcoin price, which soared by 10% from a daily low of $60,805 to a peak of $68,250. This remarkable price movement can be attributed to several key factors, including yesterday’s Federal Open Market Committee (FOMC) meeting, a notable change in the Coinbase Premium, and Bitcoin’s technical breakout from a downtrend channel. #1 FOMC Meeting: Dovish Remarks By Jerome Powell Fuel Optimism As reported yesterday, the macro environment came back into focus for Bitcoin and crypto following the hotter than expected Consumer Price Index (CPI) and Producer Price…

Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum’s Dencun upgrade, other L2 networks such as Optimism have also witnessed an uptick in activity. Arbitrum Transfers Spike Metrics indicate that L2 fees for Arbitrum, Optimism, and Starknet have dipped to below a U.S. penny per transfer as of March 20, 2024. Following the implementation of Ethereum’s Dencun upgrade on March 13, L2 network fees have significantly decreased, now costing less than $0.01 per transaction, a…

A crypto data analyst at Hashed, Subin An on X, has spotted notable developments in the Fantom decentralized ecosystem. According to An, since the DeFi summer of 2020, decentralized exchange (DEX) volume on Fantom has significantly decreased. However, he observed that the monthly active addresses (MAU) during the same period remained above 400,000. Can @FantomFDN lead the DeFi bull market again? Since the DeFi summer, DEX volume has significantly decreased, but MAU have maintained over 400K. it can be observed that the volume of most DEXs has nearly 2X in the past week. 2024🔥🚀?@AndreCronjeTech https://t.co/2apgO3Hpq9 pic.twitter.com/33auouQmdV — Subin An |…

Grayscale argued the benefits of being able to “stake the Ethereum held by the Trust” in a new SEC filing yesterday. The firm is hoping to convert its Grayscale Ethereum Trust (ETHE) into an ETH spot ETF the way it did its Grayscale Bitcoin Trust in January. The proposal, which appeared yesterday in a preliminary proxy statement, outlines four proposals aimed at converting its Grayscale Ethereum Trust (ETHE) into an ETF. Besides using the ETH backing shares to participate in staking through a Proof-of-Stake protocol, the firm also is seeking to grant authorized participants the ability to create and redeem…