China News Daily TheBitTimes.com

The botched initial launch had a noticeable negative impact on SHIB price – down 4% in seven days to $0.0000081. This bearish outlook has remained intact since Friday, although the crypto market is not in the best condition. advertisement Shibarium Protocol Back On Track The development team led by Kusama clarified that the challenges Shibarium faced stemmed from a “MASSIVE influx of transactions and users that happened at the same time when we announced that Shibarium is live.” Moreover, this happened on the block explorer, with the primary protocol unaffected. Kusama denied the rumors of a bridge problem and that investor funds are safe. Following the relaunch, Shibarium is seeing block times of five seconds with processed transactions surpassing 100,000 and wallets approaching 45,000. #SHIBARIUM is approaching 45,000 wallets addresses!!! pic.twitter.com/hElGnBLlQW Recommended Articles ...

CertiK Alerts reported an exit scam on Magnate Finance. The crypto hack alerts platform observed an 89% slippage on the lending protocol. 247 WETH, $1.3M DAI, and $2M USDbC were removed from the Magnate Finance liquidity. CertiK Alerts, a platform that provides information on crypto hacks and scams, has reported an exit scam on Magnate Finance, a DeFi lending and borrowing platform. CertiK Alert posted on Twitter (X) that it has observed an 89% slippage on Magnate Finance. The alerts platform noted that 247 WETH, $1.3m DAI, and $2m USDbC were removed from liquidity, and the project’s website was down. #CertiKSkynetAlert We are seeing a #slippage on Magnate Finance of 89% base: 0x2DC1cDa9186a4993bD36dE60D08787c0C382BEAD 247 WETH, ~$1.3m DAI and ~$2m USDbC was removed from liquidity and the project's website is down. See more on Skynet https://t.co/vt3CeltCqh — CertiK Alert (@CertiKAlert) August 25, 2023 Per multiple reports, the total valu...

In a significant move towards strengthening the Base and Optimism networks, the developers behind these platforms have jointly revealed a revenue-sharing and governance-sharing pact. The parent company of Base , Coin Base , has also underscored its commitment to preventing centralization by introducing a set of principles of neutrality. The announcement was made through separate blog posts on August 24th, featuring contributions from the Optimism Collective, Base, and Coinbase. In addition, this collaborative endeavor marks a crucial step towards ensuring the future stability and inclusivity of these burgeoning networks. Also read: Mastercard Reportedly Cuts Binance Crypto Card Ties Base and Optimism disclose numerous features As disclosed by the Optimism Collective, a cornerstone feature of the Base smart contracts is the requirement for upgrades via a 2/2 multi-signature wallet account. Notably, one signature belongs to Base , while the other resides with the Optimism...

The entire crypto market was in a slump. During this bearish phase, a significant number of participants began initiating short positions. Now, these positions against Ethereum [ ETH ] on various cryptocurrency exchanges have surged to a yearly high. Santiment noted that this represented the most widespread anticipation of a decline in ETH’s price on Binance since the collapse of FTX in mid-November. The ETH OI-Weighted Funding Rate data from Coinglass illustrated the sums transferred between short and long traders who possess perpetual contract positions in the asset. A positive rate indicates bullish sentiment. Nevertheless, Ethereum’s rate has reached -0.0273% and has maintained a negative stance since Aug. 18. Source However, at press time, the funding rate had surged to a positive 0.0020%. This further indicated a bullish notion. Ethereum is a hot topic of interest Apart from the traders’ sentiment, the overall community was engaged in discussions a...

BRICS has officially invited six new countries to join the bloc after reviewing applications at the summit in Johannesburg. The six countries that BRICS invited on Thursday to join the alliance are Saudi Arabia, the United Arab Emirates (UAE), Egypt, Argentina, Iran, and Ethiopia, according to the Associated Press. The UAE President, Mohammed bin Zayed, said that he accepts the decision of the BRICS to include the country in the bloc. He described it as an “important group” and added, “We look forward to a continued commitment of cooperation for the prosperity, dignity, and benefit of all nations and people around the world.” Also Read: BRICS : Is Chinese Yuan a Growing Threat to the U.S. Dollar? We respect the vision of the BRICS leadership and appreciate the inclusion of the UAE as a member to this important group. We look forward to a continued commitment of cooperation for the prosperity, dignity and benefit of all nations and people around the...

The US Federal Bureau of Investigation (FBI) has identified six Bitcoin (BTC) wallets with over 1,500 BTC that’s reportedly connected to the Lazarus Group, a hacking group allegedly sponsored by the Democratic People’s Republic of North Korea (DPRK).  Lazarus Group, the agency said, moved about 1,580 BTC, worth nearly $41 million, from several crypto heists to six Bitcoin wallet addresses . They also added that the group may look to liquidate and asked crypto exchanges to be vigilant and not processes requests from the six addresses .  You might also like: Lazarus group turns to Garantex to launder stolen assets “Private sector entities should examine the blockchain data associated with these addresses and be vigilant in guarding against transactions directly with, or derived from, the addresses .” Statement from the FBI press release The six addresses holding the stolen BTC are: 3LU8wRu4ZnXP4UM8Yo6kkTiGHM9BubgyiG 39idqitN9tYNmq3wYanwg3MitFB...

BTC Price Bulls Move To Defend $25k S/R Without enough momentum, bulls brave enough to stay in the dilapidated market have resolved to defend support/resistance at $25,000. Bitcoin is back to trading at $25,981, slightly below the pivotal $26,000 following a few days of loss consolidation. advertisement $BTC #Bitcoin Bulls are Defending the 25k S/R level..!! pic.twitter.com/nPSDTnNPtj — Captain Faibik (@CryptoFaibik) August 23, 2023 Recommended Articles trend sI bg-white"> Crypto Presale Projects For 2023 To Invest; Updated List Must Read trend sI bg-white"> Best Crypto Trading Bots List 2023 Must Read trend sI bg-white"> Top Crypto Marketing Firms / Agencies 2023; H...

The Weeknd’s ‘After Hours Til Dawn’ global tour kicked off in July 2022. The tour initially spanned North America and Europe. Now, the Canadian singer is all set to perform in Australia and New Zealand. The tour will be backed by the world’s largest crypto exchange , Binance. In fact, this is the first global concert tour that has integrated Web3 technology for an “enhanced” fan experience. The Weeknd's After Hours Til Dawn tour, in partnership with #Binance, is coming to Australia! We can’t wait to see you all there, bringing two worlds together with the first global music tour powered by Web3 . Here's all you need to know 👇https://t.co/Cz9yucnojb pic.twitter.com/E0iwIDBVEu — Binance Australia (@Binance_AUS) August 22, 2023 Also Read: Thailand Seeking to Shutdown Facebook over Crypto Scam Ads According to the official statement, more than 30,000 fans have joined Binance and The Weeknd’s online ch...

Some of the same techniques used to study the thermal history of the universe can be used to understand crypto crashes. Do Kwon: "95% are going to die [coins], but there's also entertainment in watching companies die too" 8 days ago. Ironic. pic.twitter.com/fEQMZIyd9a — Pedr (@EncryptedPedro) May 11, 2022 More than $40 billion in investor assets were lost in the crash between May 5 and May 13, 2022. Less than a year later, Do Kwon was arrested after allegedly attempting to flee prosecution for criminal activity associated with the losses. Volumes have since been written discussing the breakdown, which saw the Luna coin plummet and Terra’s UST stablecoin de-pegged from the U.S. dollar. Now, for what appears to be the first time, scientists have applied statistical mechanics to essentially reverse-engineer the crash using the same techniques used to study particle physics . The research, conducted at King’s College London, concentrated on transaction events and o...

Aug 21, 2023 at 06:28 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, Solana (SOL) is trading below moving average lines after a price decline on August 17. Solana long-term price forecast: bearish At the time of writing, Solana (SOL) is trading at $21. The price indication suggested that the cryptocurrency would continue to fall. The altcoin had a downward correction to the upside on July 24 and a candlestick tested the 61.8% Fibonacci retracement line. SOL is expected to fall to the 1.618 Fibonacci extension line or ...

The Astar Foundation has announced the launch of its Polkadot Relayers Incubator 2023, to amplify the potential of builders in Polkadot. Polkadot’s Relayers Incubator program  The Polkadot Relayers Incubator 2023 is focused on skill development and community engagement. The program is for start-ups and early-stage developers by creating a community that encourages creativity. Participants will receive dedicated mentorship and community support from seven specialized parachains teams in Polkadot’s ecosystem. You might also like: Sony Network Communications and Astar Network’s joint Web3 Incubation Program Demo Day set for June 18 Aside from bringing together a diverse group of talented individuals to catalyze decentralized finance (defi) development, the incubator would offer a range of tracks that participants can explore. These tracks include Cross-Consensus Messaging (XCM), which aims to help teams innovate cross-chain interoperability utilizing ...

Aug 18, 2023 at 12:12 // Price Author Coin Idol Weekly cryptocurrency Analysis of Sei, THORChain, Toncoin, UNUS SED LEO and PAX Gold brought to you by Coinidol.com. The cryptocurrency market is experiencing another slump, with Bitcoin falling significantly to a low of $24,000 before recovering. The cryptocurrencies listed below are the best cryptos to fall due to a sudden drop.  Sei Sei (SEI) is in a range above the $0.1500 support. Nonetheless, the cryptocurrency experienced an amazing price surge on August 16, rising from a low of $0.1669 to a hi...

Crypto to Have It’s First Ethereum Futures ETF In October In a remarkable update today US SEC has signaled that it will allow first crypto futures ETF based on world’s second largest cryptocurrency, Ethereum. As per Bloomberg, it is unlikely that SEC will block the products based on Ether Futures to be released in October. Multiple firms including ProShares, Volatility shares, Bitwise and Roundhill have also applied for Ethereum based ETFs. advertisement This is what the dates look like as far as we're aware for #Ethereum Futures ETFs. Valkyrie should be first ETF with Eth futures on Oct 3 or 4 but will be #Bitcoin & Ethereum. Vol Shares looks to be first pure Eth Futures ETF on ~Oct 12. (Including past failed launch attempts) https://t.co/DQQYJnVpLp pic.twitter.com/obnwMrYFEC — James Seyffart (@JSeyff) August 17, 2023 Recommended Articles ...