Author - James Lim

Chainlink launches Transporter to facilitate secure cross-chain transfers

Chainlink has launched a new Transporter application to facilitate the movement of crypto assets and data across multiple networks. The application claims to be a cost-efficient solution for executing high-value token transfers across blockchains, ensuring users a secure transactional experience. “Transporter makes it easier to utilize the security benefits of Chainlink’s CCIP for the transfer of large token value...

Bitcoin mining difficulty marks new high before halving

Bitcoin’s mining difficulty achieved a record high of 86.4 trillion amid upcoming halving in April. Data gathered by btc.com showed that Bitcoin’s (BTC) mining difficulty achieved a record high of 86.4 trillion as companies generated massive amounts of computing capacity before the much-anticipated halving event later this month. Mining difficulty refers to the computer-generated power needed to...

Circle facilitates USDC swap for BlackRock’s tokenized fund

Circle will allow the direct conversion of BlackRock’s tokenized fund shares into its USDC stablecoin. According to Cricle’s announcement, a new smart contract feature will enable BlackRock USD Institutional Digital Liquidity Fund (BUIDL) investors to instantly convert their shares to Circle’s USDC stablecoin. The smart contract is designed to offer a “near-instant” off-ramping option for BUIDL, making...

TON airdrops $2.2m to meme coin traders amid Toncoin’s new all-time high

TON Foundation distributed 300,000 Toncoin to active meme coin traders. The Open Network project airdropped Toncoins (TON) worth around $2.19 million to the most active meme coin traders on DeDust and Ston.fi platforms. Meme coin traders who made transactions on DeDust and Ston.fi between March 4 and April 10 were eligible for the airdrop. Users also had...

Coinbase to launch perpetual futures for PEPE

Coinbase International Exchange announced the launch of perpetual futures trading for a Pepe meme coin. Pepe (PEPE) futures trading on Coinbase International and Coinbase Advanced platform will be available from April 18. “Coinbase International Exchange will list PEPE perps on Coinbase International and Coinbase Advanced and commence trading on or after 9:30 a.m. UTC on April 18.” Coinbase announcement Amid the...

dYdX Chain halts block production following network upgrade

dYdX is facing a chain halt amid a scheduled upgrade, marking its first major outage since the launch of its fourth version. Cosmos-based dYdX Chain stopped producing blocks on Apr. 8 shortly after the network underwent a scheduled upgrade to its fourth version. According to the project’s status page, the issue “continues to be investigated,” adding that it’s been...

Robinhood’s Bitcoin holdings surpass $9.5b, third only to Bitfinex and Binance

Robinhood’s cold storage address has emerged as the third-largest single Bitcoin wallet, boasting ownership of 0.69% of the total BTC supply. Public fintech broker Robinhood turned out to be the owner of the third largest single Bitcoin wallet, holding over $9.5 billion worth of the crypto, Coinbase director Conor Grogan said in an X post, citing data from Arkham...

Trader loses $800k in crypto to malicious Google Chrome extension

Two malicious Google Chrome browser extensions allegedly drained $800,000 from a cryptocurrency investor going by the moniker “Sell When Over” on X. In a series of posts on X, the user speculated that the malicious extensions dubbed “Sync test BETA (colorful)” and “Simple Game” possibly contained Keyloggers that target specific wallet extension apps. Keyloggers are malicious applications used by...

Ripple CEO expects crypto market to double by end of 2024

Ripple Labs CEO Brad Garlinghouse believes that spot Bitcoin ETFs will drive cryptocurrency demand and interest. According to CNBC, Garlinghouse also said the upcoming halving will have a positive impact on the crypto industry. Demand for crypto assets continues to increase while supply continues to decrease, encouraging higher values and further development, the Ripple Labs CEO admitted. “That...

1inch Network partners with Baanx, Mastercard to launch web3 debit card

1inch Network, in collaboration with crypto card developer Baanx and payment giant Mastercard, announced the launch of the 1inch Card. The new web3 debit card aims to simplify the use of cryptocurrencies for everyday transactions. “The 1inch Card will allow users to use their crypto for online and in-person purchases and make cash withdrawals at supported ATMs through seamless...