Altcoins

OpenAI dismissed CEO Sam Altman due to transparency issues. Worldcoin (WLD) faces a 10% drop as Altman’s dismissal shakes the crypto market. The board of directors at OpenAI announced today the dismissal of its CEO, Sam Altman, citing a lack of transparency in his communications with the board. According to the statement published on the OpenAI blog, the board conducted a careful and reflective review process, concluding that Altman was not consistently truthful in his statements,...

The broader cryptocurrency market took a turn for the worse throughout the past seven days as the majority of coins are trading in the red. This comes after weeks’ worth of increases in what seems to be an expected correction. Bitcoin’s price is trading at a 3% loss, tumbling toward $36K at the time of this writing. The leading cryptocurrency was unable to keep up the bullish momentum. It soared toward $38K on Thursday, but it retraced almost as quickly as it skyrocketed. All...

As part of the Stage 2 testnet launch, operators can now register to the network and commence validation for the first App-Verified State (AVS) – EigenDA. EigenLayer, a leading blockchain protocol, has officially launched the Goerli testnet for EigenDA, signaling a significant advancement in its development journey toward the complete EigenLayer vision. The release of Stage 2 follows the successful introduction of restaking on the mainnet Ethereum in June, which saw a robust response from...

Bitcoin cash price started a fresh decline from the $250 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours). There is a key declining channel forming with resistance near $238 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a fresh decline if it stays below the $242 resistance zone. Bitcoin cash price is struggling below the $240 zone against the US Dollar,...

Solana argues that an attacker would still need the permission of the phone owner to gain entry. Solana has responded to claims by blockchain security firm CertiK that there is a security threat to its Saga phone. In a Wednesday video post on X, CertiK alleged that the holders of the smartphone may be exposed to what is called a “bootloader vulnerability”. According to the firm, this loophole could allow bad actors to create some sort of backdoor access to the phone. In a bid to highlight...

The in-principle approval granted by the Monetary Authority of Singapore positions Paxos to offer digital payment token services, marking a significant step towards establishing a foothold in the Singaporean market. Blockchain infrastructure firm Paxos has announced plans to issue a US dollar-backed stablecoin for its customers in Singapore. The initiative comes after Paxos reportedly received preliminary approval from the Monetary Authority of Singapore (MAS), paving the way for the...

PancakeSwap has called on web3 gamifi developers to join Pancake Protector and Pancake Mayor in engaging its vibrant 1.5 million potential monthly players. PancakeSwap Finance (CAKE), a vibrant web3 ecosystem that was initially built on BNB Chain but grew to a multichain project, has introduced its PancakeSwap Gaming marketplace for both developers and gamers. According to the announcement, the PancakeSwap Gaming Marketplace will cater to gamifi developers by providing a platform to...

As part of the partnership, the LayerZero Labs to connect Onyx with a permissioned Avalanche Evergreen Subnet, enabling seamless subscriptions and redemptions for funds offered by WisdomTree Prime. As the altcoin market buzzes with strong activity, Avalanche’s native cryptocurrency AVAX has registered a staggering 25% gain in the last 24 hours, with its price surpassing $22.57. The latest AVAX price rally comes on the backdrop of strong developments within the Avalanche ecosystem. In a...

Bitcoin and altcoins climbed over the last 24 hours, with a 6% rise in the king coin, and larger increases in altcoins. Bitcoin recorded a nearly 6% rise from yesterday, currently trading at nearly $37,600 as of this writing. The king coin’s jump is interesting, considering it fell below $35,000 on Tuesday. At some point during the day, Bitcoin hit $37,725.09. Altcoins Follow Bitcoin Rise Gaining Double Digits Bitcoin’s rise spread to altcoins, as ETH has jumped more than 4.%% to $2,065,...

EOS price is eyeing a fresh increase from the $0.658 support against the US Dollar. The price is now trading above $0.700 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.6995 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to rise toward the $0.765 and $0.780 resistance levels. EOS price is recovering above $0.700 against the US Dollar, like Bitcoin. The price...