Ethereum co-founder Vitalik Buterin is becoming more vocal about the current meme coin craze. “I want to see higher quality fun projects that contribute positively to the ecosystem and the world around them (and not just by ‘bringing in users’) get more mindshare,” Buterin wrote on Friday, March 29. “At the least, more good memecoins than bad ones, ideally those...
Last week, a predominantly bullish trend occurred among the sector’s top cryptocurrencies, primarily attributed to a rise in the price of Bitcoin (BTC). Altcoins such as Shiba Inu (SHIB) and ORDI (ORDI) experienced substantial gains, riding on Bitcoin’s momentum. The upsurge observed in the market culminated in a 4.3% increase in the global crypto market capitalization, which...
Three blockchain specialists scored venture capital this week — a bullish indicator that, perhaps, investors are once again warming up to the web3 sector. Peaq On March 27, Peaq — a layer-1 (L1) blockchain designed specifically for decentralized physical infrastructure networks (DePINs) — announced a successful Series A funding round, raising $15 million. Generative Ventures and Borderless Capital led the effort, with...
“By no stretch can Mr. Storm be deemed to have conspired to launder funds,” Storm’s attorneys argued in a March 29 filing with the U.S. District Court for the Southern District of New York. Storm’s lawyers claimed that Tornado Cash “became immutable” and made publicly available before being used by the hacker groups sanctioned by the U.S. Department...
Last week saw significant legal developments across the cryptocurrency sector, including Sam Bankman-Fried’s sentencing, regulators’ demanding $2 billion from Ripple, and an indictment against KuCoin. Concurrently, Bitcoin (BTC) reclaimed $70,000 as spot BTC ETFs recorded inflows. FTX founder sentenced to 25 years FTX founder Sam Bankman-Fried received a 25-year sentence in prison. Shortly before the sentencing, the U.S. Department...
The Telegram messenger has unveiled a new revenue sharing system that allows channels’ owners to get 50% of revenue from ads displayed on their channels. In a blog post on Mar. 31, Telegram announced the launch of a new revenue sharing program that aims to bolster its platform’s appeal to content creators. Described as the “most generous reward systems in the...
PeckShield analysts reported a security incident with the Ethena Labs project on March 29. Experts say the vulnerability underlying the exploit is still unknown. According to PeckShield, it resulted in the loss of 480 BNB, equivalent to around $290,000 at the time of writing. In a comment to the post, X users suggested that the incident was...
Arrow Markets has launched a new platform for trading non-U.S. crypto options, aiming to simplify the trading process for users internationally. The initiative seeks to fill a gap in the market, akin to the role Robinhood plays in the U.S. for stock options trading, but focusing on the defi sector. Supported by Framework Ventures, Delphi Ventures, and Blizzard the...
In the first quarter of the year, the crypto industry lost $336.3 million to hacking, 23.1% less than last year. According to the Immunefi report, in the first three months of 2024, crypto projects lost more than $321 million due to 46 hacks and 15 fraudulent incidents. Decentralized finance (defi) is a prime target for hackers, accounting for 100%...
IntoTheBlock experts note a meme coin speculative sentiment increase amid the ongoing bull market. According to the latest IntoTheBlock report, traders increasingly turn to speculative opportunities promising high returns. The trend is evident throughout the meme coin sector, as seen in the emergence of new meme coins and the resurgence of older ones gaining popularity again. Analysts...
