Crypto news

The MetaPoint exploit once again casts doubt on the fortification of blockchain technology after the platform lost more than 2,500 BNB. Metaverse platform MetaPoint recently experienced an exploit that cost roughly $1 million in Binance Coin (BNB). According to reports, the cyber attackers made away with 2,515 BNB, raising concerns about blockchain vulnerability. The MetaPoint exploit also comes as the tech space begins restraining its expectations regarding the emerging metaverse....

In recent months, Ethereum has experienced a significant surge in price, surpassing multiple resistance levels. However, the bullish momentum appears to be fading, and the cryptocurrency is currently having difficulty in continuing its upward trend. As of now, ETH is struggling to maintain its position and surpass a significant resistance region. Technical Analysis By Shayan The Daily Chart In March 2023, Ethereum’s price saw a significant rally when it found support at the...

Ripple attempted to exceed the significant resistance region of $0.58 but was rejected, leading to a slight decline. However, there is a decisive support zone ahead at the $0.48 area, and the upcoming price action will determine the short-term outlook. Technical Analysis By Shayan The Daily Chart Following a sharp surge in value, XRP has broken through several significant barriers, strengthening its outlook. However, the price’s upward momentum lost steam when it encountered...

A Bitcoin futures index in Argentina is a huge relief as the country is currently struggling with high inflation. CNV, The securities regulator in Argentina, has approved a Bitcoin futures index on a local exchange. Following the approval, the Bitcoin futures index will launch in Argentina in May on Matba Rofex. The exchange got the green light to roll out the Bitcoin futures next month, boasting as the first Latin American exchange to onboard such a product. Authorizing the Bitcoin-based...

FTX Europe – the European subsidiary of the now-collapsed global crypto giant – has filed a petition for a Swiss moratorium proceeding, which was granted by a court on April 11th. Meanwhile, the CySEC also announced extending FTX Europe’s license suspension until September-end. FTX Europe Moratorium According to the official press release, the proceeding is expected to help the embattled company to explore strategic alternatives, including the previously disclosed potential...

Ethereum has often been touted as the only cryptocurrency with the right technology, embrace, and functionalities to outrank Bitcoin (BTC) in terms of market capitalization. The Ethereum network, dubbed the second-largest blockchain protocol by market capitalization, is set to undergo another significant upgrade dubbed Shapella. The Shapella upgrade is designed to usher in a new era wherein Ethereum staking products and services can produce rewards in a shorter time compared to the fund’s...

The concert venue at Planet Hollywood in Las Vegas, Nevada has long been known as the Zappos Theater. The name, of course, stems from the famous online shoe company in which you can purchase any pair of shoes via the internet and have it delivered to your doorstep. Planet Hollywood and Bakkt Are Now Working Together Now, it appears the Planet Hollywood theater is going to have a new name, one that centers around a popular digital currency platform. The theater will be...

The move comes as a surprise, considering that Musk was recently at the forefront of another movement that raised concerns about the development of AI. Billionaire businessman Elon Musk has reportedly made some new buys in line with Twitter’s artificial intelligence (AI) project. According to a Business Insider report, Musk is forging ahead with his plans to create an AI infrastructure for Twitter and has bought almost 10,000 graphics processing units (GPUs) to this effect. Interestingly,...

The initial expectations for the CPI numbers for March showed a decline in the inflation rates to 5.2%. In reality, the third month of the year saw an increase of 5%, shown by the Consumer Price Index. At the same time, the core CPI, which excludes more volatile niches such as food and energy, was expected to be somewhere between 5.5% and 5.6%. The Core CPI has actually matched the expectations, standing at 5.6%. The CPI for February stood at 6%, which was a decline compared...

In its delisting announcement, Binance.US said it would remove TRON’s TRX from its trading platform on April 18th.  TRON‘s native TRX coin recently shed 6.4% following delisting from Binance.US amid a regulatory lawsuit against founder Justin Sun. Weeks ago, the Securities and Exchange Commission (SEC) sued Sun over allegations that he sold and airdropped unregistered securities. The regulatory agency also accuses the popular crypto entrepreneur of fraud and market manipulation involving...