Crypto news

Bitcoin cash is eyeing a fresh increase above the $320 resistance against the US Dollar. The price is now trading above the $300 zone and the 55 simple moving average (4 hours). There is a key rising channel forming with support at $304 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $315 and $320 to start a fresh increase in the near term. Bitcoin cash price is consolidating gains above $300 against the US Dollar, like...

Leading U.S. investment platforms Meryll Lynch and Wells Fargo are now offering clients access to Bitcoin spot ETFs despite initially hesitating on the move. As reported by Bloomberg, the firms are offering the ETFs to certain wealth management clients who specifically request the product, which allows clients to directly invest in BTC through an ETF wrapper. Merrill Lynch Embraces Bitcoin Last month, Merrill Lynch, the investment management division of Bank of America, was...

The Seneca Protocol hacker has given back $5.3 million worth of Ether tokens after draining $6.4 million on Ethereum and Arbitrum networks. Initial investigations suggested that an approval mechanism bug in the protocol’s smart contract was exploited. The stablecoin protocol had recently confirmed roping in with law enforcement but offered leniency, stating the team wouldn’t take legal steps if the hacker returned 80% of the funds, keeping 20% as a reward. Seneca Hacker...

TL;DR Pepe Coin (PEPE) has experienced rapid growth, becoming a top performer in the meme coin market and challenging its competitors with a significant increase in value. Surpassing Shiba Inu’s market cap could be possible for PEPE with strategies like expanding its community, securing partnerships, and capitalizing on market trends. PEPE’s Chances Pepe Coin (PEPE) – a frog-themed meme coin that emerged less than a year ago – has recently taken center stage due to its...

Crypto exchange Gemini has agreed to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program as part of its settlement deal with New York regulators. Gemini, led by Tyler and Cameron Winklevoss, is also facing legal issues from the US Securities and Exchange Commission (SEC) and the New York Attorney General’s office. Gemini’s Settlement With the NYDFS In a press release on Feb. 28, the New York Department of Financial Services (NYDFS) announced its...

In a recent filing, the U.S. Securities and Exchange Commission (SEC) has urged the Delaware bankruptcy court to reject Terraform Labs’ proposal to retain Dentons U.S. LLC as its special counsel. The SEC has raised concerns about the amount paid to Dentons, describing it as “suspicious.” SEC Raises Concerns Over TFL’s $166M Transfer The SEC noted that Terraform Labs transferred $166 million to the Dentons Advance Payment Retainer. Out of this total, $122 million was moved...

[PRESS RELEASE – Los Altos, CA, February 29th, 2024] The GEODNET Foundation, the organization governing the blockchain-based global navigation network GEODNET, is excited to announce the completion of a $3.5 million seed funding round. The round was led by North Island Ventures, with participation from Modular Capital, Road Capital, Tangent, Reverie, and select angels, who join existing GEODNET backers Borderless, IoTeX and JDI Ventures. GEODNET is building the world’s...

[PRESS RELEASE – Miami, USA, February 29th, 2024] Blockchain infrastructure provider QuickNode has today announced the launch of Streams, a cutting-edge solution for real-time blockchain data streaming. With the innovative venture, QuickNode aims to redefine the standards of speed, reliability, and simplicity in blockchain infrastructure, enabling users to build robust data models instantly. The product will complement the provider’s ETL portfolio by letting users utilize...

Online stock and crypto brokerage firm Robinhood has teamed up with the management team of the Ethereum-based layer-2 network Arbitrum to give its wallet users access to swaps on the protocol. According to a release seen by CryptoPotato, the duo announced the alliance on February 29 at the ETHDenver 2024 event in Colorado, saying the collaboration would simplify the path to layer-2 networks. Robinhood Wallet Taps Arbitrum for Coin Swaps Robinhood Wallet users will be able to...

The Shido blockchain, a layer-1 proof-of-stake project, has been hit by an exploit that saw billions of its native token, Shido, siphoned away. This incident led to the Shido token plummeting by 94% in value within just 30 minutes. Over 4.3 Billion Tokens Lost in Exploit According to reports from blockchain security firm PeckShield, the attack resulted in the loss of over 4.3 billion Shido tokens. This accounted for nearly half of its circulating supply, which had a value of...