Yuga Labs, developer of the popular Non-Fungible Token Collection (NFT) collection Bored Ape Yacht Club (BAYC), announced that it has acquired competing NFT company PROOF. The deal is understood to give Yuga Labs full ownership of all of PROOF’s assets and products, including the Moonbirds NFT collection. Yuga Labs Introduces Moonbirds in Metaverse Project Yuga Labs shared details of the strategic brand expansion associated with its acquisition of the PROOF NFT development company in a blog post on Friday. While the exact amount involved in the deal is unknown, BAYC curators said the move was in line with their vision…
Author: Crypto Flexs
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Revolut plans to launch a cryptocurrency exchange targeting ‘advanced traders’CoinDesk, a leader in cryptocurrency news, recently updated its Privacy Policy, Terms of Use, and Cookies. They aim to maintain high journalistic standards and were acquired by the Bullish group in November 2023. Bullish Group, majority-owned by Block.one, is a regulated digital asset exchange with interests in blockchain and digital asset businesses. CoinDesk will continue to operate independently through an editorial board chaired by a former Wall Street Journal editor-in-chief to ensure journalistic integrity. Both groups hold significant amounts of digital assets, including Bitcoin. Revolut plans to launch a cryptocurrency exchange…
On-chain data shows one whale is rapidly accumulating Ethereum (ETH) by selling large amounts of Wrapped Bitcoin (WBTC) through the popular non-custodial protocol Aave. The whale borrowed WBTC from Aave to purchase ETH. As of February 16th, LookOnChain data The whale was found to have borrowed 280 Wrapped Bitcoin (WBTC), worth about $14.6 million from Aave, one of the leading DeFi protocols. Related Read: How Hackable Is Bitcoin and Ethereum? New study reveals price The whale then purchased 5,150 ETH. Whales are actively purchasing ETH through decentralized protocols rather than centralized exchanges. This move shows that traders expect ETH to…
BNB price is gaining bullish momentum around the $315 support zone. The price may extend the rally above $375 and rise towards the $400 level in the near term. BNB price is showing bullish signals above the $350 pivot level. The price is currently trading above $355 and the 100 simple moving average (4-hours). On the 4-hours chart of the BNB/USD pair, there is a major bullish trend line forming with support at $354 (data source from Binance). A close above the $365 resistance zone could allow the pair to gather bullish momentum. BNB price regains strength Over the past…
Posted 1 minute ago In ~ that much Bitcoin BTC -0.30% Mining difficulty, a measure of how difficult it is to solve the mathematical problems associated with a block, topped 80 trillion on Friday. According to blockchain explorer BTC.com, the network’s hash rate, which measures the total computational power used by miners, increased to 562.81 EH/s, while mining difficulty reached 81.73 trillion, an all-time high. Bitcoin mining difficulty, which has increased steadily since January 2023, is set to reach $100 trillion in the coming months. Bitcoin mining difficulty as of February 16th. Image: BTC.comThrough Bitcoin’s proof-of-work consensus mechanism, mining difficulty…
Farcaster caught the attention of Ethereum co-founder Vitalik Buterin. In fact, it stands out as a decentralized social media protocol that champions interoperability, privacy, and user autonomy. The deployment of the Optimism network, a layer 2 Ethereum scaling solution, allows developers to create a variety of decentralized social media applications (dApps). Vitalik Buterin sees Farcaster as a Twitter alternative Farcaster’s approach to social networking is rooted in a decentralized and transparent framework. Mitigate the risk of data breaches by freeing you from the clutches of centralized servers. This ensures user ownership of data and maintains integrity across applications. The interoperability…
According to blockchain analytics platform Lookonchain, a cryptocurrency trader was hit by a phishing attack on Wednesday that stole over 180 million BEAM tokens, affecting the price of the token. 180 million BEAM tokens stolen In a post by X (formerly Twitter), Lookonchain exposed a new cryptocurrency scam that occurred on February 15th. As detailed in the analytics platform, the address 0x83664B8a83b9845Ac7b177DF86d0F5BF3b7739AD with the name ‘Kirilm.eth’ was stolen in a phishing attack. Millions of BEAM tokens. kirilm.eth suffered a phishing attack and lost 180.25M. $BEAM($5.14 million) 13 hours ago. The scammer quickly sold $180.25 million. $BEAM at 1,629 $ETH($4.6 million),…
Ribbit Rewards is a cashback program that lets you get money back on everyday purchases. Ribbit Rewards lets you earn cash back on groceries, gas, meals, and more. A simple and easy way to put money back in your pocket while you shop! How Ribbit Rewards Work When you join Ribbit Rewards, you’ll receive a cashback card to use at participating retailers. Every time you make a purchase with a cashback card, you will receive a percentage of the purchase amount as cashback. This cash back can be redeemed for statement credits, gift cards, or cold hard cash! Get Big…
New York, NY, February 16, 2024, Chainwire Introducing Kadena SpireKey, a human-friendly and secure way to seamlessly interact with any application by eliminating complex signing processes. Cadena Spire Key “Unlike today’s complex Web3 wallets, which require you to remember every wallet you’ve ever created, Kadena’s SpireKey uses WebAuthn, a technology developed by Google and Apple over the past 20 years to enable anyone to secure their digital assets directly from their phone. It helps. Or a computer. It’s as easy as receiving a message on your mobile device and providing your fingerprint as a signature. So can your uncle who…
In a report released on Friday, Coinbase analysts outlined the factors that could support Bitcoin’s price dynamics in the coming months.“We believe Bitcoin will receive ample support over the next three to six months as more institutional players adapt to the new ETF reality,” Coinbase analysts said.Coinbase’s weekly report highlighted recent net inflows into 11 existing U.S. spot Bitcoin ETFs as an indicator of how institutional participation could be an important support factor for Bitcoin price dynamics.“We have seen tremendous net inflows, totaling an impressive $4.2 billion to date,” Coinbase analysts added.The Block’s data dashboard It shows that daily fund…