“The reality is that achieving our mission often demands challenging decisions, and while difficult, the founders and I agree that we must move forward in a thoughtful way that gives us the greatest chance to execute successfully,” Marc Boiron, CEO of Polygon Labs, wrote in a post on X. Source
Cryptocurrency exchange Binance has introduced a marketplace focused exclusively on the inscriptions of the Ordinals protocol. According to the exchange announcement, the new platform will allow the sale, purchase, and mining of BRC-20 standard tokens and other EVM-compatible assets. The marketplace for inscriptions is hosted on Binance’s web3 wallet, accessible through the platform’s app. According to the developers, the new product’s features include buying, selling, and mining BRC-20 tokens and other EVM coins, seamless transfers between the Binance platform and its crypto wallet, and increased transaction speeds. Notably, despite the…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…
It nonetheless highlights the permissionless nature of Ethereum. Anyone can conjure up an ERC-20 token with little effort, create a trading pool on Uniswap or some other DEX, trade it between themselves to create the impression of activity, and then, when a bot takes the bait and buys, pull the liquidity and profit. Source
Saltwater closed its seed round on the heels of acquiring gaming developers Maze Theory, Nexus Labs and Quantum Interactive. Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…
Bankrupt cryptocurrency lending company Celsius Network has followed behind FTX, revealing plans to disburse billions of dollars in crypto to creditors and establish a new Bitcoin mining company for its creditors. Celsius To Distribute $3 Billion In Crypto To Creditors In a press release published on Wednesday, Celsius Network announced its successful emergence from bankruptcy. The company is now set to implement its “plan of reorganization,” which involves distributing over $3 billion in crypto assets and fiat currency to its creditors. The crypto lending company claimed that the reorganization plan…
Bitcoin traded just above $42,000 in the European morning after Fed Chair Jerome Powell cooled hopes of an interest-rate cut in March yesterday. “The message from the Fed last night is that a March cut is not the base case, and they need to gain greater confidence that inflation will remain at these levels before moving,” said Nick Chatters, a fixed income investment manager at Aegon Asset Management. “Having said that, confidence is building, and Chair Powell was open in communicating that a cut will come this year. No surprise…
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 1-7. Source
Tron price is eyeing a fresh increase from the $0.1112 support against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1140. Tron is moving higher above the $0.1120 resistance level against the US dollar. The price is trading above $0.1125 and the 100 simple moving average (4 hours). There was a break above a key contracting triangle with resistance at $0.1126 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.1165 or even $0.1200. Tron…