Author: Lalit Mohan

11
Jun
2024
Posted in Meme Coin

The Floki Name Service is now available only on the BNB Chain Mainnet

Floki Name Service, an inventive, fully decentralized, adaptable domain name system, is now formally available only on the BNB Chain mainnet. By allowing users to generate unique.floki domain names, the…

11
Jun
2024
Posted in Altcoin

Nearly $20 Million Platform Loss Is Caused by UwU Lend Exploit

A severe attack that targeted the UwU Lend protocol on Monday, June 10, resulted in the loss of about $20 million in an ongoing cryptocurrency exploit. UwU Lend Steal $20…

11
Jun
2024
Posted in Altcoin

After a mid-April low, Privacy Coin XMR rises 37% in 30 days

The Volume of Monero Trades Doubles in a Day Monero (XMR), which saw a protracted fall and a notable bottom in mid-April, has since rebounded. For example, the price of…

11
Jun
2024
Posted in Altcoin

The multisig protocol based on Solana Squads introduces a retail wallet app and raises $10 million, Fuses

The company behind Squads Labs, the primary developer of the multisig protocol Squads, which is built on Solana, has secured $10 million in a Series A fundraising round and released…

11
Jun
2024
Posted in Metaverse & AI

‘Crypto: The Game’ is acquired by Uniswap Labs prior to its third season

Uniswap Labs has acquired Crypto: The Game, an on-chain competition akin to Survivor, in anticipation of the release of the game’s upcoming season. Fortune Magazine said on Monday that Uniswap…

11
Jun
2024
Posted in Altcoin

‘Fault proofs’ are implemented by OP Mainnet to reinforce rollup decentralization

In terms of decentralization, OP Labs has advanced the project to a stage 1 rollup with the publishing of fault proofs on the Layer 2 blockchain, OP Mainnet. Users can…

11
Jun
2024
Posted in Altcoin

UK cryptocurrency ETN trading volumes are minimal, but 21Shares claims that retail access would be a “game changer”

Following its approval by the Financial Conduct Authority, the country’s financial regulator, and their May 28 launch on the London Stock Exchange, low trading volumes have been seen in UK…

10
Jun
2024
Posted in Altcoin

South Korea’s Bitcoin Premium Is Rising, Mirroring High Local Demand

Bitcoin Premium in South Korea Rises After Recent Low After almost reaching 10% in mid-April, bitcoin’s (BTC) famed premium in South Korea just fell below 1%. According to recent research,…

10
Jun
2024
Posted in Altcoin

Ethereum developers confirm the addition of EIP-7702 and PeerDAS to the Pectra update

Anthony Sassano, an Ethereum educator, has announced that Ethereum developers have verified a list of Ethereum Improvement Proposals (EIPs) to be added into the Pectra upgrade. The EIPs EIP-7702, EIP-7594…

10
Jun
2024
Posted in NFT

Speculation is sparked by Beeple’s remark at Roaring Kitty amid the GameStop hysteria

Famous digital artist Beeple, who made history with a $69.3 million NFT sale, has sparked debate with his most recent piece of art, CURIOSITY KILLED THE CAT. The artwork, which…

10
Jun
2024
Posted in NFT

Tune.FM and Jam Galaxy Optimize Music Production and Revenue

With its DePIN infrastructure, Jam Galaxy facilitates real-time, low-latency collaboration and offers AI capabilities for music production and fan interaction while Tuning.Compared to typical streaming services, FM pays musicians more…

10
Jun
2024
Posted in Altcoin

Sandbox Secures $20M in Funding with a $1B Valuation Ceiling

Kingsway Capital and Animoca Brands co-led this $1 billion fundraising round, with True Global Ventures and LG Tech Ventures also participating.  The convertible note gives investors the same rights as…

10
Jun
2024
Posted in Bitcoin

Bitcoin’s rebound to $71K would erase shorts of $1.38 billion

In the event that Bitcoin swiftly recovers from its current decline to its June 6 price of $71,000, short positions worth over $1 billion will be closed. The United States…

10
Jun
2024
Posted in DeFi

DappRadar: DeFi Total Value Locked Soars to $192,000,000, Marking Best Performance in 15 Months

TVL, which stands for the total amount of money placed inside a protocol’s smart contracts, is frequently used to assess how well a cryptocurrency ecosystem is doing. The majority of…

10
Jun
2024
Posted in Altcoin

Kaiko Analytics Says Binance Leads Coinbase and All Other Crypto Exchanges in This Metric

Exchanges with high liquidity provide better trading conditions, including less slippage and lower execution risk. We’ve chosen to create a liquidity score for this quarter’s exchange ranking using five indicators,…

08
Jun
2024
Posted in Ethereum

Why ARK Invest withdrew from the billion-dollar competition for Ethereum ETFs

There is competition among nearly a dozen companies to introduce spot Ethereum exchange-traded funds. ARK Invest, a major player in cryptocurrency, isn’t one of them. ARK believes in its revolutionary…

08
Jun
2024
Posted in Blockchain

Plans for Blockchain.com and Unstoppable Domains Web3 domain ‘.blockchain’ with DNS support

Through an application with the Internet Corporation for Assigned Names and Numbers (ICANN), Web3 domain name supplier Unstoppable Domains and international cryptocurrency company Blockchain.com are working together to build one…

07
Jun
2024
Posted in Altcoin

Rollup tool is released by Web3 infrastructure company Alchemy to assist developers in building their own chains

Alchemy, a blockchain technology business, announced on Thursday the release of a new tool called Alchemy Rollups. Developers can start and grow their own chains with Alchemy Rollups. Rollups, which…

07
Jun
2024
Posted in Altcoin

W Token Holders Can Now Participate in Wormhole Governance Staking

Wormhole has launched Wormhole Governance Staking, which allows owners of W tokens to move their tokens from Solana to EVM chains in order to participate in governance. Wormhole, an interoperability…

05
Jun
2024
Posted in Altcoin

Connext becomes Everclear and offers a “clearing layer” for bridges with intent-based functionality

Connext, a blockchain interoperability platform, is changing its name to Everclear as part of a calculated strategic change. In addition to rebranding, the project is creating a “clearing layer” for…