Particle Network has introduced its modular Layer 1 solution for chain abstraction and universal accounts, aimed at simplifying user interactions across multiple blockchains. The design of this modular Layer 1 makes it an ideal tool for both new and existing ecosystems to leverage. Particle Network plans to launch its Testnet and V1 Mainnet in the […] Source CryptoX Portal
The meme coin frenzy seems to have catalyzed higher volumes on the Solana blockchain, which also boasts greater capital efficiency than Ethereum. Source
London, United Kingdom, March 20th, 2024, Chainwire Memeinator’s presale has entered its final stage with 4% of the total supply of tokens remaining before it becomes available for public trading. The team has observed the presale’s impact among meme coin enthusiasts, driven by its Terminator-inspired branding and ambition to lead in the meme coin market. They also expect the enthusiasm for MMTR tokens to further increase as it hits the open market, which will be further fuelled by the release of The Meme Warfare game being developed by Red Apple…
Market sentiments have quickly turned bearish, as the spot Bitcoin ETFs record their highest daily net outflows amid Bitcoin’s (BTC) drop to the lower spectrum of the $60,000 territory. According to data provided by Farside Investors, a U.K.-based investment management firm, the spot Bitcoin ETF products experienced net outflows totaling $326.2 million on March 19, marking the second consecutive day of daily outflows. This figure comes a week after the ETFs hit record inflows exceeding $1 billion on March 12. Recall that these investment products ended a 10-day run of…
Bitcoin has experienced a sharp decline from its March 14 high of over $73,600 to today’s low of under $60,800, translating to a -17% loss in value. This significant drop has prompted a flurry of activity on social media platforms, particularly X (formerly Twitter), where crypto experts have been fervently discussing the potential reasons behind this downturn and speculating on what the future holds for the world’s leading cryptocurrency. Unpacking The Bitcoin Crash: Expert Opinions Alex Krüger, a respected figure in both macroeconomics and crypto, was quick to identify the…
A group of lawmakers in Russia introduced a bill that would extend money laundering controls to digital ruble transactions. The proposal, spearheaded by the Chairman of the State Duma Committee on the Financial Market Anatoly Aksakov, establishes different responsibilities for platform participants and the Central Bank of Russia, which is appointed as the main AML […] Source CryptoX Portal
Cayman, Cayman Islands, March 20th, 2024, Chainwire zbyte, the trailblazing Web3 infrastructure platform, announces the launch of its groundbreaking SDK, setting a new standard in the ease of blockchain development and accelerating the growth of Web3 ecosystems. This SDK launch is a pivotal step in zbyte’s mission to democratize blockchain technology, making it accessible and practical for creators, entrepreneurs, and developers across the globe. Empowering Creators with Revolutionary Tools: The zbyte SDK is designed to remove the complexities traditionally associated with blockchain development. With zbyte’s innovative approach, wallet creation becomes…
“Am I sorry for a company going bankrupt? No, like companies go bankrupt, almost every company goes bankrupt, right?” Davies said about the public sentiment that he had not shown remorse. “It’s how you build or what you do about it. We’re definitely trying our best. We can add value in various ways. At a minimum, we can even tell the next Three Arrows how to do things better when they go bankrupt.” Source
The decentralized finance (DeFi) ecosystem teetered on the brink of a meltdown yesterday as cascading liquidations swept through the market following a sharp drop in Ethereum (ETH) price. Over $5.4 million in collateralized assets were forcibly sold off in a 24-hour period, raising concerns about the stability of the DeFi house of cards. Ethereum, the world’s second-largest cryptocurrency by market capitalization, bore the brunt of the liquidations. Its price plummeted over 9% to below $3,200, a far cry from its recent high of $4,092. This price swing triggered a domino…
HONG KONG, March 15, 2024 /PRNewswire/ — At the beginning of 2024, the SEC officially approved 11 Bitcoin spot ETF applications, marking a significant step towards the legalization and mainstream acceptance of the cryptocurrency industry. This event brought unprecedented vitality to the entire Web3 ecosystem, with Bitcoin breaking through the $70,000 mark to reach a new all-time high. Against this backdrop, the GameFi sector, an integral part of the cryptocurrency market, has also seen a resurgence. In this early stage of the bull market, a blockbuster game with a retention rate…