Sat, September 27

Search Results for: Cryptocurrency

Magic Square, Backed by Binance Labs, Acquires Token Launchpad TruePNL

For an unknown amount, Magic Square, a web3 app store that is backed by Binance Labs and other investors, purchased TruePNL, a token launch platform. Andrey Nayman, founder and CEO of Magic Square, stated: “The acquisition was financed entirely with cash. As part of the deal, Magic Square has acquired TruePNL’s

February 24, 2024 3 mins read

Ronin Network Shaken by $9M ETH Theft From Founder’s Wallet: Details

Jeff  Zirlin, co-founder of Axie Infinity’s Ronin Network, disclosed that his personal wallets on the Ronin chain fell victim to a hack, resulting in the loss of approximately $9.5 million worth of Ethereum. The compromised funds were swiftly transferred to Tornado Cash, an anonymizing service, making it challenging to trace

February 23, 2024 2 mins read

FTX Customers Anticipate Payoff as Anthropic Shares Set for Sale

U.S. Bankruptcy Judge John Dorsey in Wilmington, Delaware, has granted approval for FTX to sell its stake in Anthropic, the artificial intelligence company, marking a significant move for the cryptocurrency exchange’s post-collapse recovery. FTX’s initial $500 million investment in the AI-developing start-up Anthropic in 2021 secured them a 13.56% equity

February 23, 2024 1 min read

New Shiba Inu (SHIB) on the Rise? Analysts Bullish on New Token Priced at Just $0.12

The cryptocurrency market is abuzz with speculation as new developments emerge, particularly regarding Shiba Inu (SHIB) and the rising interest in Retik Finance. While SHIB gains attention with its mysterious surge, analysts are turning their focus towards Retik Finance, a new token priced at just $0.12. Let us delve into

February 23, 2024 4 mins read

JPMorgan Attributes Recent Crypto Surge to Retail Trader Impulse

According to analysts at JPMorgan, the current spike in cryptocurrency prices is not due to market fundamentals or institutional investors but rather to irrational trading choices made by individual traders. On Thursday, analysts headed by Nikolaos Panigirtzoglou of JPMorgan released a report stating that, similar to stocks, they found that

February 23, 2024 2 mins read

Ethereum Price Hovers Around $3,000 Mark, Bulls Strive for Breakout

Since Bitcoin ETFs were introduced in January, the price of Ethereum, the second-largest cryptocurrency, has been in the focus. With numerous applications already filed with the SEC, investors think Ethereum’s chances of acquiring a spot ETF are strong. Coinbase has backed Grayscale’s proposal to convert its existing Ethereum Trust product

February 22, 2024 2 mins read

A New Era for DeFi in Bitcoin: The Rise of the BRC20 Ecosystem and BTCFI

Fifteen years on from its inception, Bitcoin is being opened up to an entirely new world of utility thanks to a wealth of ongoing technical innovations around the BRC20 token standard Until very recently, the world of decentralized finance (DeFi) was primarily confined to blockchains like Ethereum, Binance Smart Chain,

February 22, 2024 4 mins read
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