The post Franklin Templeton Reveals – Its Base Season appeared first on Coinpedia Fintech News
Franklin Templeton has declared that ‘Its Base Season’ comes amid growing activity on the low-cost Ethereum L2 Solution. The base was built to scale Coinbase’s on-chain user base by making faster transactions. The L2 solution remains a key value addition for the trading platform. The Base TVL jumped $166 million between May 1st and May …
The post Hacker Behind $68 Million Adress Poisoning Initiates Communication appeared first on Coinpedia Fintech News
After seven days of the phishing attack, the hacker finally sent an on-chain message to the victim. The message asked the victim for his telegram. Not just the message, additionally he has also sent 51 Eth $152k. The trader who lost $68 million had immediately tried to contact the hacker, offering to keep him 10%, …
The post Bitcoin Miners Under Pressure: Revenue Decline and Hashrate Drop Post-Halving appeared first on Coinpedia Fintech News
Bitcoin miners face heightened pressure post-halving as revenue drops abruptly. It left them underpaid by the most since March 2020. The network experienced this year’s fourth negative difficulty adjustment, with a significant drop of -5.6% in hashrate. In fact, it is the largest since November 2022. The strain on miners is this decline highlights the …
The post Arkham Flags FTX And Alameda Wallets For Liquidating $97.35M In Crypto Assets Edit Title appeared first on Coinpedia Fintech News
FTX and Alameda wallets have transferred and liquidated a combined $97.35 million in crypto assets within the past month. Besides controlling over 78% of the FTT token supply, FTX retains $33.85 million in BOBA and $11.22 million in ETH. Meanwhile, Alameda holds significant holdings including $140 million worth of WLD, $102 million in BIT, $93 …
The post OKX Jumpstart To List Notcoin appeared first on Coinpedia Fintech News
As per a post on X, OKX Jumpstart will list Notcoin (NOT) a play-to-earn game which will give eligible users, the opportunity to discover high-quality blockchain projects. TON holders can stake TON in exchange for NOT tokens. Each person can stake up to 4000 TON. The staking process involves transferring TON to the user’s funding …
The post Ark Invest Offloads $15 Billion Worth Coinbase Shares Pulling Down COIN’s Price appeared first on Coinpedia Fintech News
Cathir Wood’s Ark Invest sold $15 billion worth of 70,600 Coinbase shares which has sparked speculations over its impact. Cathie Wood clarified it as not a case of dumping, but active portfolio management and emphasized that Coinbase remains a top position in Ark Invest’s holdings indicating confidence in the company’s long-term prospects. Woods also mentioned …
The post Mastercard And Major US Banks Collab To Test Tokenized Asset Settlement appeared first on Coinpedia Fintech News
Mastercard’s disruptive collab with leading US banks to trial shared ledger technology for settling tokenized assets aims to simulate transactions in dollars improving cross-border transaction efficiency and reducing the risk of error and fraud. The assets include commercial-bank money, Treasury securities, and investment-grade debt securities. The ledger technology will recast the financial landscape. Notable participants …
The post Cardano Appoints New CTO For Product Development And Innovation appeared first on Coinpedia Fintech News
Cardano unveils its new CTO, Giorgio Zinetti, to strengthen its product development pipeline fortify its position, and drive innovation in the enterprise blockchain technology. Cardano Foundation’s CEO highlighted the importance of Zinetti’s experience and excellence as instrumental in driving the organization’s technical excellence. However, despite the positive announcement, Cardano’s price dropped by 2.07% to $0.4397 …
The post Ethereum Foundation’s $3M ETH Shift Creates Worries appeared first on Coinpedia Fintech News
Ethereum is floating in a turbulent wave due to massive whale activity recorded today as the Ethereum foundation shifted nearly $3 million ETH to a multisign address raising speculations over Ethereum’s future prices. Since the beginning of 2024, the Ethereum Foundation has sold 1,766 ETH for 4.81 million DAI to the same address. ETH price …
The post Solana DEX Jupiter Reveal Key Developments; Price Recovery Ahead? appeared first on Coinpedia Fintech News
Solana DEX Jupiter’s community is set for key developments as it is working on numerous fundamental backend revamps to enhance user engagement on the platform. The upgrade includes lowering latency and enhancing robust perpetual contracts while strengthening the platform’s resilience. Refined token search function to aid the users in quickly finding their interested tokens and …
The post Base Dominates Layer 2 Scene with Stellar ETH Influx! appeared first on Coinpedia Fintech News
As per a recent insight by Intotheblock, Base has emerged as the clear frontrunner amongst the Layer 2 protocols, attracting significant new capital. Over the past week, Base has recorded a massive inflow of over 6,500 ETH, dramatically outpacing its competitors. This influx is more than double that of Arbitrum and quintuple the deposits seen …
The post Transactions On The Bitcoin Network Record A Significant Rise As Crypto Market Turns Bullish! appeared first on Coinpedia Fintech News
The number of transactions on the Bitcoin Network has been on a constant rise since the month started, indicating increased bullish sentiment in the crypto space. The number of transactions on the Bitcoin Network hit a low of 469.87K on 1st May, following which the inflow in the BitcoinETF experienced a significant rise, resulting in …
The post Revolut’s Specialised Crypto Platform For UK Users appeared first on Coinpedia Fintech News
Fintech company Revolut introduced a specialized crypto trading platform in the United Kingdom to offer easy access, minimal fees, and easy conversion of fiat currencies. Revolut’s head of crypto believes the product will change the game for experienced traders. Also, retail traders can trade directly between the platform and their Revolut accounts without any fees. …
The post Bitcoin Surges But Most Addresses Stay “At The Money”! appeared first on Coinpedia Fintech News
The current Bitcoin price action marked a robust 10% surge over the past week to a price of $63,982. However, the distribution of addresses profitability offers slightly different underlying dynamics. With almost 49.83k addresses,14.03% of total active addresses, are ‘In the Money’, enjoying profits due to the recent price hike. In contrast, 20.29k addresses (5.71%) …
The post Leading Colombian Bank “Bancolombia” Launches New Crypto Exchange And Introduces A Stablecoin! appeared first on Coinpedia Fintech News
The leading bank of Colombia and Latin America, the Bancolombia Group has entered into the crypto space by launching its own crypto exchange “Wenia”. Further, it has also launched its own stablecoin “COPW”. Wenia was launched to end Bitso’s and Binance’s dominance in the Colombian crypto exchange industry and offer high-level security linked to the …
The post Australia’s Tax Office Targets 1.2 Million Crypto Traders in Massive Data Sweep appeared first on Coinpedia Fintech News
As reported by Reuters, the Australian tax office is attempting to extract personal and transactional details of crypto exchanges of about 1.2 million traders aiming at people who refrain from their tax liabilities. This is being done as a part of their surveillance efforts. As per the ATO, the data will prove helpful in identifying …
The post Bitfinex CTO Dismisses Database Breach Rumors appeared first on Coinpedia Fintech News
Bitfinex Chief Technology Officer Paolo Ardoino defied rumors of its database breach. Several reports suggested a potential database leak of 22,500 records of emails and passwords from Bitfinex users. However, as per Ardoino, the breach was likely fake, and only a small percentage of the leaked information matched the exchange users. He also questioned the …
The post Former Cred Executives Indicted for Wire Fraud and Mismanagement appeared first on Coinpedia Fintech News
Three former Cred executives, including co-founder Daniel Schatt, are indicted on charges related to wire fraud and financial mismanagement. A defunct crypto lender, Cred, filed for bankruptcy in 2020 and faced liabilities between $100 million to $500 million. However, the company’s failure led to mishandling of funds and undisclosed and risky lending practices. Current allegations …
The post 400M XRP Escrow Unlocked: Potential Price Surge Ahead appeared first on Coinpedia Fintech News
400 million XRP tokens have been released from escrow, raising speculation on price movements. A blockchain tracking platform, Whale Alert has disclosed this major unlock, valued at $213.9 million. However, the wallet’s owner remains undisclosed. The source of this unlock remains elusive unlike typical XRP escrow unlocks by Ripple Labs Inc. In fact, this incident …
The post Nigerian SEC To Meet Foreign Exchanges In The Midst Of Regulatory Tussle appeared first on Coinpedia Fintech News
Emomotimi Agama, the pro-crypto Director General of Nigerian SEC is set to meet local and foreign crypto CEXs at an event on May 6th amidst its regulatory battle. The meeting is for setting up a progressive regulatory course for the Crypto sector in the country. The news comes in as Nigeria fights a legal battle …
The post Spot Bitcoin ETFs See $344 Million Withdrawals in April appeared first on Coinpedia Fintech News
The U.S. spot bitcoin ETFs saw $343.5 million withdrawn from the funds in April. The outflow streak extended to five days on Tuesday. The ETFs had been on an impressive run of inflows in January, February, and March. However, overall flows slowed significantly, with the bitcoin dropping by 18%. April’s outflows continued to be led …
The post Bitcoin Price Hit New ATH This Weekend – Predicts Blockstream CEO appeared first on Coinpedia Fintech News
Blockstream CEO Adam Back is bullish on Bitcoin and predicts a new ATH this weekend. As per the recent tweet, the odds are high for Bitcoin prices to reach new highs this long weekend.Adam Shared the top catalyst fueling BTC Price; first, traditional markets are closed and thus GBTC cannot be dumped. Second, the coinbase …
The post SBF Sentencing: Judge Sets 1,320-Months Imprisonment appeared first on Coinpedia Fintech News
According to Inner City Press, the judge stated that SBF’s standard in this case is life imprisonment, which would be a maximum of 1,320 months (110 years). After the liquidator sold SOL for $10 billion at a 70% discount, victim Sunil accused them of violating creditors’ property rights. As a result of the FTX fraud, …
The post Shiba Inu Trader Hits Jackpot with $23.5 Million Profit appeared first on Coinpedia Fintech News
An unknown whale address has realized up to $23.5 million from investing in Shiba Inu in under two months. Following this large purchase, Shiba Inu continued to trade until February 28, when the price exploded. At its peak on March 5, Shiba Inu traded as high as $0.000045, with the whale gaining substantial profits. Further, …