In the past day, the cryptocurrency market has experienced a significant downturn, with XRP being one of the most affected assets, losing 10% of its value. This sudden decline has caused upheaval in the market, resembling a seismic shift reminiscent of the events in August of the previous year. The value of XRP has dropped
In the ever-evolving world of cryptocurrency, memecoins have taken center stage, captivating traders and investors with their explosive moves and potential for astronomical gains. The latest token to catch the attention of the market is BONKITA, a spin-off memecoin riding the coattails of the popular BONK narrative. Within hours of its launch, BONKITA experienced a
Visa, a global payment provider, has recently unveiled its groundbreaking loyalty and engagement solution, Visa Web3. This new offering signifies a remarkable shift in customer engagement and loyalty strategies, specifically tailored to suit the dynamic digital and virtual environments of today. Traditional loyalty programs have become stagnant with the advent of digital and virtual experiences,
In a recent report by the Wall Street Journal (WSJ), it was revealed that Binance co-founder Yi He holds a minimum of 10% share in Binance’s Cayman Islands holding company. This newfound information sheds light on the significant influence that Yi He wields over the marketing and investment sectors of the company. In fact, in
California Senator Steve Padilla has introduced two new bills, Senate Bills 892 and 893, aimed at establishing a comprehensive and ethical framework for the use of artificial intelligence (AI) in the state. These proposed rules aim to harness the potential of AI while ensuring its safe and responsible use, particularly in state contracts. Senator Padilla
In the world of decentralized finance (DeFi), security breaches have become an unfortunate reality. Recently, Gamma Strategies, a DeFi protocol built on the Ethereum blockchain, experienced a devastating exploit, resulting in a loss of approximately $3.4 million. The exploit was initially identified by blockchain investigator PeckShield on January 4 and was later confirmed by Gamma
Coinbase UK, one of the leading cryptocurrency exchanges, is taking proactive steps to comply with the Financial Conduct Authority’s (FCA) upcoming financial promotions regulations. As of January 8, Coinbase UK is requesting its users to complete a risk-acknowledgment form. This form aims to identify the investor type of users and assess their understanding of the
Japan recently experienced a devastating earthquake that has greatly impacted the country’s West Coast. The destruction caused by the earthquake has led to numerous casualties and significant damage to infrastructure. In response to this crisis, various Web3 companies in Japan, such as Astar Network, Oasys, and Fracton Ventures, have initiated relief efforts and raised over
The renowned cryptocurrency exchange, Binance, has recently announced that it might delist three privacy tokens due to concerns regarding their compliance with the platform’s listing criteria. The tokens in question are Zcash (ZEC), Monero (XMR), and Horizen (ZEN). Binance’s decision, combined with the recent market downturn, has had a significant impact on the privacy sector.
Bitcoin’s recent rejection for a spot Bitcoin ETF caused a downward spiral in the crypto market, with Bitcoin sinking to around $40,500. This selloff also affected the price of Hedera Hashgraph’s HBAR token, which dropped nearly 9% to $0.0885. However, HBAR remains within its current trading range and has maintained its position above its weekly
Matrixport, a prominent crypto financial services platform, recently gained attention after releasing two articles on January 2nd, offering contradictory insights into the future of Bitcoin (BTC). The initial publication highlighted an optimistic outlook, projecting a potential surge in Bitcoin’s price to $50,000 in January, driven by the anticipation of Bitcoin spot exchange-traded funds (ETFs) approval.
The cross-chain lending protocol Radiant Capital has recently fallen victim to a hack, resulting in the loss of 1,900 ETH, equivalent to approximately $4.5 million. This incident has raised concerns about the security and vulnerabilities of decentralized finance platforms, particularly in the face of flash loan attacks. The Hack and Exploitation According to the blockchain
In recent years, the world of digital collectibles has experienced a massive surge in popularity. At the forefront of this phenomenon is the rise of Non-Fungible Tokens (NFTs), revolutionizing the art, gaming, and entertainment industries. NFTs provide creators, collectors, and innovators with a unique opportunity to buy, sell, and trade digital assets. However, to fully
Ethereum has long been a staple in the cryptocurrency market and its recent roadmap and upgrades signal a promising future. The network is set to undergo several improvements, such as reducing gas costs and enhancing smart contract efficiency. With Vitalik Buterin’s 2024 roadmap garnering investor interest, Ethereum has already experienced a near 10% price increase.