The Ethereum (ETH) price has gained momentum as positive investor sentiment recorded an impressive surge. ETH is up by 0.3% in the past 24 hours and is trading at $3,080 at the time of writing. The asset’s market cap is currently standing at the $370 billion mark. However, Ethereum’s daily trading volume plunged by 21%, dropping to $17.1...
Dubai is grappling with extreme weather conditions that has disrupted the city’s infrastructure at a time when crypto elites have descended on the city for several industry conferences. Crypto conferences such as Blockchain Life and Token2049 encountered an unexpected twist on Apr. 16 as rainfall levels in Dubai surged to record highs within a 24-hour span, prompting adjustments...
Accounting firm EY has launched an Ethereum-based blockchain solution to help businesses execute complex agreements efficiently while cutting costs and bolstering security. On April 17, EY announced the launch of the EY OpsChain Contract Manager (OCM), a blockchain-enabled solution designed to overcome barriers like managing multiple business agreements across internal and external operational and technology silos. The blockchain solution...
Crypto detective ZachXBT has identified the alleged PrismaFi hacker, exposing their involvement in the $11.1 million theft and subsequent demands. Blockchain sleuth ZachXBT uncovered an alleged attacker behind the PrismaFi hack, which left the protocol without $11.1 million worth of crypto. In a series of X posts, ZachXBT revealed that the exploiter, known as 0x77 (or Trung)...
The X account of movie star Tom Holland was recently hacked, with attackers using it to falsely promote SPIDER cryptocurrency tokens and Spiderverse NFTs. The account, which boasts more than 7 million followers, was used by bad actors to announce that the Spider-Man star was supposedly launching “Spiderverse” in partnership with the global crypto exchange Binance. The compromised...
The Parcl protocol on Solana lost 40% of the total value locked after airdropping the PRCL token. According to data from DefiLlama, users withdrew more than 40% of the total value locked (TVL) from the betting platform for the real estate market Parcl. Source: DefiLlama The snapshot was intended for an airdrop that took place on April 15. However, against the...
Bloomberg analyst Eric Balchunas assessed the prospects for spot cryptocurrency ETFs in Hong Kong. According to the Balchunas, his asset estimate is currently $1 billion for the first two years. The ETF analyst noted this is positive but still far from the $25 billion estimate cited by some analysts. “But a lot depends on infrastructure improvement. We...
The value of the stablecoin Pax Dollar (USDP), issued by the Paxos Trust Company, experienced a surge to a high of $1.28, triggering the liquidation of $529,000 in USDC for a market participant. Like regular stablecoins, USDP is designed to maintain a stable value equivalent to a U.S. dollar, providing a safe haven for traders against the...
A new Bitcoin (BTC) ordinals project called Bitcoin Wizards, and its native token WZRD, are dominating both the crypto and non-fungible token (NFT) sectors after recording significant gains over the past day. WZRD is up by 88% in the past 24 hours and is trading at $9 at the time of writing — making it the...
Regulators in Norway are looking to clamp down on cryptocurrency mining via a new law for data centers operating in the nation. According to a report from local media VG, the new framework will mandate that data centers register officially and provide information about those involved, like owners and leaders, and the type of services they offer. The...
