The cross-chain bridge was exploited for $82 million over New Year’s Eve, with the funds sitting dormant since Jan. 1.
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- Crunch
- Global
Ahmad Shadid, one of the founders of io.net, left “effective immediately” but said it wasn’t related to allegations regarding his past.
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Baby boomers hold $68 trillion in assets in the United States alone. Will that cash continue trickling into cryptocurrency markets for the foreseeable future?
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CEO Richard Teng’s commentary came in response to Binance reaching the 200 million user threshold.
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Eat your heart out Elon Musk and X.com, China’s Alipay is the real ‘everything app.’
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BIGCAP COINS:
- Pepe: Market Cap of $5.2 Billion.
- Bitcoin: Market Cap of $1.3 Trillion.
- Toncoin: Market Cap of $17.34 Billion.
MIDCAP COINS:
- Notcoin: Market Cap of $1.9 Billion.
- DOG•GO•TO•THE•MOON (Runes): Market Cap of $716 Million.
- Super Trump: Market Cap of $38.4 Million.
RISING COINS:
- MAGA: Market Cap of $119 Million.
- PeiPei: Market Cap of $81.3 Million.
- Turbo: Market Cap of $444 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Cardano (ADA) has recently stabilized at a crucial support level of $0.433, signaling potential resilience amid a broader cryptocurrency downturn. This key weekly support, the SMA 50, has consistently bolstered ADA since late October 2023. With the overall market struggling after unexpected U.S. employment data, ADA’s minor uptick to $0.439 in the last 24 hours could indicate early signs of a bullish reversal.
Investor confidence might be rising as data from IntoTheBlock reveals that approximately 3.47 billion ADA are held by nearly 351,000 addresses at an average price of $0.3944, suggesting a strong base at the current levels. This consolidation at the weekly SMA 50 could be the platform ADA needs to launch a new upward trajectory.
Looking ahead, ADA’s movement within a symmetrical triangle pattern hints at an ongoing tug-of-war between buyers and sellers. The recent push above the daily SMA 50 and a brief spike to $0.49 showcase the potential for further gains if the $0.49 resistance is decisively broken. The next target for ADA could be as high as $0.62, with only minor resistance anticipated at $0.57.
A digital asset market maker and a crypto liquidity provider have added TradFi veterans to their executive ranks.
Belgium-based Keyrock named Robert Valdes-Rodriguez its chief commercial officer and Francesco Adiliberti as chief operating officer.
The TradFi veterans have decades of combined experience at some of the largest financial institutions. Prior to working as Abra’s global head of sales, Valdes-Rodriguez held foreign exchange sales roles at Crédit Agricole and Scotiabank. Before his time at Amber Group Adiliberti held director positions at Lehman Brothers, Goldman Sachs and HSBC.
Keyrock CEO Kevin de Patoul said in a statement that the appointments come as the company…
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Another week, another slew of fund raises.
This week, we saw a slew of different raises that raised significant capital, with a modular blockchain solution and an infrastructure layer leading the pack when it comes to total amounts raised. There were also some notable, yet smaller, raises.
Let’s get into it.
First and foremost we have Avail, which raised $43 million in its Series A. In total, the modular blockchain solution raised $75 million when combining the pre-seed and seed rounds — which totaled $32 million — and Series A.
Dragonfly Capital and Peter Thiel’s Founders Fund participated in the round, alongside a series of other VC firms.
“With this new capital, we…
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Craig Steven Wright (CSW) is facing severe legal consequences after claiming for years that he is Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
The ongoing court battle between Craig Wright and the Crypto Open Patent Alliance (COPA) has garnered significant attention, as COPA seeks to hold Wright accountable for false claims and fraudulent actions.
The case has seen dramatic developments, with potential penalties including substantial financial costs and even prison time for Wright.
The legal drama began when COPA took Wright to court in February, aiming to resolve the long-standing debate over whether Wright is indeed Satoshi Nakamoto.
The court ruled in…
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