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Is Sei Going to Crash? SEI Price Drops 20% as a New Mining Protocol Shakes Up the Market
23.1.2024
Sei Network has experienced a worrying -20% drop in SEI price. But can SEI price analysis predict a potential crash ahead of Sei Network V2? This retracement follows market-wide optimism regarding the upcoming Sei Network V2 upgrade. The upgrade aims to introduce a fully parallelized EVM. $SEI...
Bitcoin Ordinals ‘Genesis Cat’ Sells for $254K in Sotheby’s Digital Art Auction
23.1.2024
“Genesis Cat,” a digital art piece created on the Bitcoin blockchain’s Ordinals protocol, was sold for over $250,000 at a recent Sotheby’s auction. Created by artist and engineer Francisco “FAR” Alarcon, “Genesis Cat” is a part of the Quantum Cats collection, produced...
Bitcoin-Based Digital Art Image 'Genesis Cat' Sells for $254K in Sotheby's Auction
22.1.2024
The sale of the digital image from the Taproot Wizards project came as popularity surges for the NFT-like creations minted atop the Bitcoin blockchain's Ordinals protocol. All in, some 19 lots sold by Sotheby's raked in a combined $1.1 million
Is Chainlink Going to Crash? LINK Price Turns Red as New Mining Protocol Takes the Limelight
22.1.2024
Chainlink price turns red as LINK price analysis reveals localized retracement in aftermath of cross-chain stablecoin infrastructure rally. The downside move comes after a joint announcement with Circle on January 16 triggered a +11.38% move on the chart. $LINK testing the drop-off#altcoins...
Concentric Confirms $1.6M Private Key Breach on Arbitrum Protocol
22.1.2024
The liquidity manager app Concentric has fallen victim to private key exploitation on the Arbitrum network. According to the post on their official X account, the protocol confirmed the incident, revealing that the security breach resulted from a targeted social engineering attack on one of...
Manta Network Price Prediction as MANTA Starts Trending on CoinGecko – Next Big Thing?
22.1.2024
Following last week’s exciting launch of new protocol Manta Network, the Manta Network (MANTA) price has been pumping. The Manta Network price was last around $2.45 per token, up around 8% in 24 hours as per CoinGecko. According to CoinGecko, MANTA is the second most trending cryptocurrency of...
Value Locked in Defi Surpasses $57 Billion, Securing Over $20 Billion in 3 Months
21.1.2024
Data from defillama.com reveals that over the past 93 days, the total value locked (TVL) in decentralized finance (defi) protocols escalated from $37.46 billion on Oct. 20, 2023, to the present $57.74 billion. Notably, 57.3% of the total value in defi is anchored in the Ethereum blockchain, while...
L2 Protocol Manta Network Suffers DDoS Attack, Project Leaders Face Money Laundering Allegations
21.1.2024
Manta Network, a modular layer two (L2) protocol, said a distributed denial-of-service attack on Jan. 18 resulted in the network accumulating a large queue of recent transactions. The attack, which occurred during a token-issuing event, is believed to have severely limited communication between...
Tron Refutes UN Study Findings Linking TRC-20 USDT to Bad Actors
20.1.2024
The Tron Decentralized Autonomous Organization (DAO) has rejected a United Nations assessment which suggested that bad actors are behind most tether transactions facilitated via its protocol. It also sees its over 50% share of the USDT stablecoins in circulation as a “testament to...
Moonwell’s Bold $2.3M Plan to Counter Frax Hack Debt Sparks Controversy
19.1.2024
Moonwell, a decentralized finance (DeFi) borrowing and lending protocol, is facing controversy over its proposal to use $2.3 million worth of digital asset collateral to offset bad debt from Frax Finance (FRAX) pools due to a hack nearly two years ago. In a plebiscite held on December 31, 2023...
ChainGPT facilitates the launch of the GT Protocol, bringing AI-powered auto-trading to crypto
19.1.2024
The GT Protocol launch is catalyzed by a strategic partnership with ChainGPT Pad, a launchpad and incubator providing mentorship, community access, and token launch infrastructure to promising Web3 startups   Dover, DE, USA and Malaga, Sapin, January 19, 2024 — ChainGPT, the AI-powered Web3...
'One-Stop Station' Digital Identity Service Root Protocol Raises $10M Seed Funding
19.1.2024
The funding rounds, which gave Root a $100 million valuation, were led by Animoca Brands and included contributions from a slew of other notable investors
Hackers Mislead Rocket Pool X Users with Bogus Contract Breach Claims
18.1.2024
Followers of Ethereum-based staking protocol Rocket Pool’s X account have over the past 24 hours found themselves caught in a web of confusion. Hackers took control of the account and used it to spread misleading information about a supposed smart contract breach. From 6.30 UTC on Wednesday,...
Protocol Village: Matter Labs, iCandy Plan New 'Hyperchain'
18.1.2024
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Jan. 18-24
Native ETH and Lido wstETH transfer program join Wormhole protocol
18.1.2024
By introducing native ETH and wstETH transfer software onto the platform, Wormhole has altered the ETH and wstETH movement pattern across numerous EVM-oriented networks. This will facilitate the achievement of increased liquidity and cost-effectiveness. Built on top of Uniswap v3, this new feature...
Socket Protocol Loses $3.3M in Exploit, Users Urged to Revoke Approvals
18.1.2024
Following a serious exploit in the Socket protocol that drained $3.3 million, the company has halted specific operations and urged users to revoke all approvals as a precautionary measure. Socket Responds to $3.3 Million Security Breach With Swift Action and Transparency Socket, a cross-chain...
The Protocol: MetaMask's Secret Weapon and Ethereum's Dencun Debacle
17.1.2024
In this issue of CoinDesk's weekly newsletter on blockchain technology, we bring you Sam Kessler's scoop on MetaMask's in-development "intents" feature that could revolutionize how users interact with blockchains. Also: a post-mortem on Ethereum's unexpectedly ugly Dencun testnet upgrade – and...
Unstoppable and Push Protocol Launch Token-gated Group Chat + More Crypto News
17.1.2024
Source: unstoppabledomains.com Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: Unstoppable and Push Protocol Launch Token-gated Group Chat for Unstoppable Messaging Circle and Tether...
Is Sui Going to Zero? SUI Price Drops 8% as Novel Bitcoin Mining Protocol Hits $8.6 Million
17.1.2024
Sui Network has witness a sudden -8% price drop amid a retracement from upper trendline resistance, but could SUI price analysis reveal whether SUI is going to zero? This comes as Sui Network continues to see major developments in DeFi applications, in a push for growth that has recently seen...
Chainlink, Circle Partner to Enhance USDC Cross-Chain Transfers – Here’s How it Works
17.1.2024
Source: Circle Decentralized oracle platform Chainlink (LINK) announced the latest partnership with Circle to ease cross-chain USDC stablecoin transfers. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has integrated Circle’s Cross-Chain Transfer Protocol (CCTP), which enables...