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dYdX Community Likely to Approve Foundation’s $30 Million Funding Proposal
30.1.2024
The dYdX tokenholders are voting on the $30 million fundraising request proposed by the dYdX Foundation, which is likely to get approved. The Foundation published a blog on Jan. 25 detailing its fundraising proposal. This proposal, if approved, will grant the Foundation $30 million in DYDX tokens...
a16z-Backed Projects Sold Tokens and NFTs, Contrary to Claims by General Partner Chris Dixon
30.1.2024
a16z-backed projects sold tokens and NFTs to the public contrary to claims by Chris Dixon, a general partner at the venture capital firm. During a recent appearance on the New York Times podcast Hard Fork, Dixon defended his firm’s investment thesis and the projects they support. “No...
Best Crypto to Buy Today January 29 – Conflux, Sui, Monero
29.1.2024
Conflux, Sui, and Monero stand out in the hunt for the best crypto to buy today, as progress with their CFX, SUI, and XMR tokens points to an upside potential. Conflux’s CFX price surged over 40% for the past week after announcing a strategic partnership with BlockBooster to expand...
Kresus App and Worldcoin’s Tools for Humanity Forge Web3 Partnership
29.1.2024
On Monday, Kresus, the Web3 platform specializing in cryptocurrencies and non-fungible tokens (NFTs), unveiled a collaboration with Tools for Humanity, the creators of the Worldcoin initiative and the World ID identification system. World ID Meets Kresus App Kresus and Tools for Humanity (TFH) have...
Unibot Drives Token Value Higher by Distributing 80% of Solana-based UNISOL to UNIBOT Holders
29.1.2024
Trading application Unibot has announced the issuance of a native Solana ecosystem token, UNISOL, causing a stir in the market and triggering volatile price action last week. The move, which initially met criticism from long-time UNIBOT holders, is intended to accrue value back to the holders...
Is ORDI Going to Crash? ORDI Price Drops 20% in a Week as New Bitcoin Protocol Goes Viral
29.1.2024
The ORDI token, a top BRC-20 ordinal, has faced a notable price drop of 20% following the Grayscale sell-off. However, it remains to be seen if this crash still has more room to go. Indeed, the ORDI token, a major BRC-20 Bitcoin beta play, has suffered a decline amidst a price correction across...
South Korean Web3 Music Service Somesing Loses $11.58 Million in Token Exploit
29.1.2024
Somesing, a popular blockchain-based social karaoke platform in South Korea, has fallen victim to an exploit resulting in the loss of approximately $11.58 million. In a recent Medium post, the platform revealed that 730 million of its native token SSX had been compromised. The attack targeted...
2024 Sees Steepest Weekly Plunge in NFT Sales, 5 Major Blockchains Register Double-Digit Losses
28.1.2024
In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78%...
Cloned Assets: An Ideal Tool for Bringing Liquidity to Non-Native Tokens on Solana, Says Evan Deutsch
28.1.2024
According to Evan Deutsch, a core contributor and co-inventor of Clone, cloned assets, perpetual contracts, and bridged tokens are two tools that can bring liquid spot markets to non-native assets on Solana. Deutsch, who is better known as Mark to many in the crypto space, cautions that the latter...
Compelling Daily Staking Rewards Drive Traffic to Scorpion Casino Presale – $SCORP Investment Outlook 2024
27.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. New projects are constantly popping up in the crypto world, offering tokens that promise to have value in the future. However, Scorpion Casino is different. Even before the token is officially...
Hong Kong Financial Watchdog Cautions Against Floki, TokenFi Staking Schemes
26.1.2024
On Friday, Hong Kong’s securities regulator cautioned investors against “suspicious” staking schemes tied to Floki and TokenFi. Both tokens within the Floki ecosystem offer crypto staking. They claim yearly returns of between 30% and 100%, the Securities and Futures Commission...
New Era of NFTs With RARI Chain Royalty Payments – Top NFT News Today – 26 January
26.1.2024
Over the past 24 hours, the non-fungible tokens (NFT) market has been largely unchanged, aside from NFT news about Pudgy Penguins, RARI chain and Magic Eden. The sales volume is up 3.5%, currently at $31,574,164. Buyers, sellers, and transactions are each down around 1%, per CryptoSlam. Among...
Call Of Duty: Should You Let The Battle Pass Automatically Unlock?
25.1.2024
First introduced in 2022’s Modern Warfare II, Call of Duty currently features a nonlinear battle pass themed like a geographic map. While this allows players to choose what they want to unlock from the pass instead of going through a scripted path, it can be a little confusing to newcomers used...
Solana Blockchain Introduces’ Token Extensions’ Allowing More Programmable Rules for Tokens
25.1.2024
Solana Blockchain has unveiled “token extensions” as part of the Solana Network’s SPL token evolution. Token extensions represent a new standard for SPL tokens, offering enhanced functionalities comparable to Ethereum’s ERC-20 token standard. In a press release on January...
Terra Luna Classic Price Prediction as Community Burns 700 Million LUNC – A Turnaround in Sight?
24.1.2024
Terra Luna Classic (LUNC) price predictions remains bearish, despite attempts from the community to reduce the token’s supply via burns. As per a tweet from @AlexCryptoBull, 700 million LUNC tokens were burnt this week, plus 230,000 UST tokens. Great results this week with 700M $LUNC and 230k $USTC...
Celsius Wallet Transfers $36M into Coinbase and FalconX Platforms – What’s Going On?
24.1.2024
Source: AdobeStock/Rafael Henrique On-chain analytics blockchain platform Lookonchain has identified a Celsius wallet making transfers to crypto exchanges. Sharing the information on X (formerly Twitter), Lookonchain highlighted that the defunct crypto lending protocol’s wallet deposited...
British Billionaire Alan Howard’s Crypto Firm Scores UK Watchdog Approval
24.1.2024
Goldman Sachs-backed crypto platform Elwood Technologies announced Wednesday that the firm secured regulatory approval as a service provider. The Financial Conduct Authority’s approval covers Elwood’s execution system for security tokens and derivatives. Elwood, founded by British...
Magic Eden Rewards, Treeverse, and Immutable – Top NFT News Today – 24 January
24.1.2024
The market for non-fungible tokens (NFTs) is not having the best of days, with significant drops across the board making the NFT news rounds today. Over the past 24 hours, the sales volume has dropped by nearly 20%. At the time of writing, it’s standing at $29,981,386. As we’ll see below,...
Now official, 1-million Mollars tokens pre-sold as crypto users anticipate a new store of value cryptocurrency
24.1.2024
It’s now official that 1-million Mollars tokens have been pre-sold. Crypto traders appear extremely bullish & excited about the Bitcoin-alternative crypto’s launch on Ethereum Blockchain. The deflationary digital currency offers a store of value but with 80% less transaction fees...
Socket Retrieves $2.3M in ETH Following Bungee Bridge Exploit
23.1.2024
Source: AdobeStock/Roman Samokhin Interoperable blockchain network Socket has announced the retrieval of 1,032 Ether tokens worth $2.3 million. Announcing this development on X (formerly Twitter), the protocol revealed that these digital funds were linked to the January 16 Bungee Bridge exploit...