Crypto news

Venus Protocol, a prominent lending market on the BNB Chain, has denied allegations of a major security breach over the past weekend. These speculations initially suggested a $54 billion exploit, as blockchain security firm SlowMist reported. Venus Protocol Refutes Claims of Major Exploit Brad Harrison, the Head of Venus Labs, addressed these concerns on December 10 through a post on X. Some facts: Binance Oracle, which supports the asset of snBNB in the *isolated* pool...

Unlike its competitors, Mistral AI chose to make its model available as a free download instead of providing access through APIs. This approach empowers developers to run the model on their own devices and servers. French Artificial Intelligence (AI) startup Mistral AI has reached a valuation of $2 billion following the conclusion of a successful funding round which raised €385 million ($415 million) to further develop its innovative technology and open-source software. Significance of...

Amidst a market-wide correction, Avalanche’s native token – AVAX – has emerged as an outlier, surging by almost 12% over the past day, pushing its yearly gains to 165%. The asset was currently trading at $35.63 – a level not seen since May 2022. AVAX has not only bucked the prevailing trend but also thwarted sell-off pressure following the recent token unlock event scheduled on November 24, during which approximately $213.35 million worth of AVAX was released into the...

Bitcoin’s price has been very bullish over the last couple of months. However, it is finally showing subtle signs of correction today. Therefore, it is worth analyzing the charts for potential support levels. Technical Analysis By TradingRage Bitcoin Price Analysis: The Daily Chart On the daily chart, the price has been blowing past resistance levels one by one. Yet, today’s action has been very bearish, as the daily candle looks very bearish. The price has dropped around 10%...

Binance has announced a new project on its Launchpool called Fusionist (ACE), the native token for the Endurance blockchain. Major crypto exchange Binance has introduced a new project on the Binance Launchpool – Fusionist (ACE). According to an official announcement, the ACE token is the native token of decentralized social blockchain Endurance. The blockchain will house Fusionist, a web3 AAA game. Binance’s announcement specifies that the total token supply is 147 million ACE. The...

The IRS Criminal Investigation (CI) has disclosed its top 10 cases of 2023, representing the most significant incidents of the previous year. CI Chief Jim Lee highlighted that billions of dollars in fraud, victims across the globe, and criminals are all about personal gain. In a statement to CryptoPotato, Lee said that the CI investigation successfully dismantled international tax schemes that targeted individuals’ personal information, probed multi-level marketing schemes...

[PRESS RELEASE – London, United Kingdom, December 11th, 2023] Minutes Network announces the launch of its new blockchain-based wholesale telecommunications terminations service, creating a unique sharing economy enabled by the Minutes Network Token. A new powerhouse in wholesale voice termination with a unique approach to telecommunications user-acquisition, Minutes Network is confident it can secure the largest telecommunications user-base in the world by 2030, and the first...

[PRESS RELEASE – Amsterdam, The Netherlands, December 11th, 2023] In a significant milestone for the blockchain music industry, Sonorus has announced the upcoming listing of its $SNS token on Kucoin, one of the leading cryptocurrency exchanges globally. This listing, scheduled for December 12th (10 AM UTC), marks a major step in Sonorus’s journey, reflecting its growing prominence in the Web3 music space. Kucoin, with its wide reach and over 10 million users as of 2023,...

Solana’s network activity has surged significantly and the current drop in the SOL price could be short-lived leading to a trend reversal soon. Amid strong sell-off in the broader cryptocurrency market, Ethereum Layer-1 competitor Solana is also facing some selling pressure. In the last 24 hours, the Solana (SOL) price has tanked by over 3% slipping under $70. SOL is trading nearly 10% down from its 2023 peak attained last week, however, it still maintains 13% gains on the weekly charts....

This week, the decision from the Fed regarding interest rates and inflation statements for November will be released. These are both expected to trigger market volatility. As the year wraps up, Bloomberg is predicting that several key events this week will lead to increased stock market volatility. The first of these is the decision by the Fed on interest rates. Ever since the record increases in interest rates back in March 2022, market watchers have been even more on edge regarding...