A cryptocurrency whale recently lost more than $4.5 million while trying to buy Ethereum (ETH) twice, according to digital asset tracker Lookonchain. Look on chain note The whale lost $500,000 on its first attempt to buy a leading smart contract platform, and much more on its second attempt. “This whale sold all 10,701 ETH ($33 million) on Binance two hours ago to pay off its debt, and again lost over $4 million! He bought ETH by depositing ETH into Compound and borrowing USDT to buy more ETH.” COMP is a decentralized lending platform. Look on chain note Other whales are…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage Google Trends shows interest in the upcoming Bitcoin halving hitting an all-time high, with Bitwise saying investors are underestimating the event’s long-term impact on BTC prices. Searches for the phrase “Bitcoin halving” reached new heights on Google Trends on April 14, with a popularity score of 100. This is the highest interest recorded on Google in the cryptocurrency’s 11-year history. After soaring to unprecedented levels, interest has fallen 37% but remains at unusually high levels. Bitcoin halvings have historically been a precursor to BTC rallies. with…
Ontology Launches $10 Million Initiative to Drive Decentralized Identity Innovation and Adoption – Chainwire housenewsroomOntology Launches $10 Million Initiative to Drive Decentralized Identity Innovation and Adoption We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the…
Special Offer • April 17, 2024 11:41 AM EDT Posted 1 minute ago In ~ A prime brokerage backed by Citadel Securities is raising funds amid a surge in cryptocurrency prices, Bloomberg reported Wednesday. Hidden Road Partners is aiming to raise $120 million in a Series B equity round, targeting a valuation of about $1 billion, the company reported, citing people familiar with the matter. The startup provides prime brokerage services specifically for the foreign exchange and digital asset markets. Hidden Road Partners immediately responded to The Block’s request for comment. The raise could raise nearly three times the amount…
Hong Kong regulators approved the launch of an ETF on Monday, opening the door to new money flowing into Bitcoin. Issuers include ChinaAMC, Harvest Global and Bosera International. This approval was announced not by Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), but by the issuer itself, which has remained silent so far.
XRP price is struggling to recover above the $0.5140 resistance level. The price needs to remain above the $0.4550 support to attempt a fresh rally in the near term. XRP is attempting a recovery above the $0.450 area. The price is currently trading below $0.550 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair, there is a major bearish trend line forming at resistance $0.5440 (data source from Kraken). A close below the $0.4550 support could allow the pair to gain bearish momentum. XRP price turns red After a steady rise, XRP price struggled…
Chainwire, Zug, Switzerland, April 17, 2024 Anomaly announced the launch of the first AI-powered zero-gas Layer-3 gaming platform leveraging a play-to-airdrop mechanism targeting Telegram’s 900 million daily active users. Powered by Arbitrum Orbit and using Gelato’s Rollup-as-a-Service (RaaS), Anomaly’s new Layer-3 enables developers to leverage AI-enabled game engines to create immersive, decentralized gaming experiences at unprecedented speed. With our support, we will redefine the gaming industry. Abstracts blockchain complexity. Anomaly simplifies blockchain gaming UX through account abstraction, enabling user onboarding through social platforms and leveraging SocialFi for game monetization. At the core of the new Games Layer-3 is the Anomaly…
Ethereum’s Taker Buy Sell Ratio is attempting to breach the center line in an uptrend. However, bearish sentiment continues to grow. Ethereum (ETH) The Taker Buy Sell Ratio is poised to cross the center line, indicating an increase in bullish sentiment due to recent market issues. CryptoQuant showed it Taker Buy Sell Ratio is an indicator that measures the ratio between buy and sell volumes in the asset futures market. A value greater than 1 means that the buying volume is greater than the selling volume, and a value less than 1 means that the selling volume is greater than…
He is the co-founder and CEO of Real Vision. Raoul Pal He expressed optimism about the future of cryptocurrencies in the financial sector. A prominent financial expert predicted what the cryptocurrency industry will experience. Mass adoption rateIt even surpasses the Internet. Experts discuss global cryptocurrency adoption. Appeared on Bankless YouTube channel Pal’s recent podcast shine a light Let’s take a look at the speed at which cryptocurrencies are being adopted globally. He took a closer look at previous comments he made on X (an earlier Twitter post from April 2). declare Cryptocurrency adoption is growing twice as fast as the…
Usual Labs, a startup building a USD0 stablecoin ecosystem, has raised $7 million in funding.Usual Labs’ backers include co-leaders IOSG and Kraken Ventures, as well as GSR, Mantle, Starkware, Flowdesk, Avid3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works, and X Ventures.The $7 million constitutes Usual Labs’ total funding to date. The company’s board of directors will not change following the round, as Usual Labs hopes to achieve complete independence and decentralization, a company spokesperson told The Block.“Usual, like Ethena, is poised to become the Tether Killer, aiming for rapid success and growth, but with an infinitely scalable and…