With this ad, Solarium becomes the fourth OpenSea-backed blockchain. The OpenSea NFT Marketplace has announced its plan to start supporting Solana NFTs in April. In addition to amassing billions of dollars in trading volume on a monthly basis, the announcement is the market’s latest move to increase its market dominance. Earlier this year, it raised $300 million to achieve a market valuation of $13 billion. Later in February, the market launched a venture program to support NFT startups and projects. Now, an intended integration with the Solana chain is revealed. The $13 billion firm revealed this through a video promo…
Author: Farwa Raza
Ethereum whales are on a Shiba Inu (SHIB) buying spree as the top 100 richest list is joining SHIB. In just one week, ETH whales bought a staggering 523 billion Shiba Inu tokens worth $12.67 million. Whales are aggressively stocking up on the token, sending a hint that something big could be at stake. On March 21, ETH whale ‘Tsunade’ collected 51.44 billion Shiba Inu tokens worth $1.18 million. Tsunade is the fourth largest whale on the ETH rich list. Furthermore, on March 24, another whale purchased 200 billion SHIB tokens worth a mind-boggling $4.9 million in a single transaction.…
StargateFinance has been trending on Twitter for the past week and while it is too early to call for a full-fledged DeFi bull market, traders have been pumping funds into the project, which claims to be a “composable omni-chain native asset bridge” . Data from Cointelegraph Markets Pro and TradingView shows that STG was listed on exchanges on March 17 and its price rose 438% from a low of $0.665 to a high of $3.58 on March 25. STG/USDC 1 hour chart. Source: TradingView Here is a look at some of the developments with the protocol that attracted DeFi users…
According to data provided by Whalestats, BabyDoge, the popular meme-token, has overtaken Dogecoin (DOGE) as the most traded token among the top 1000 BSC whales. Whalestat data is also quite visible in market movements. BabyDoge has had a lucrative week, rising 10.8% on the weekly charts and rising 7% on the one-day chart. BabyDoge Coin was founded during the meme revolution within the crypto space in 2021. Inspired by the original crypto dog, Dogecoin (DOGE), BabyDoge was already proving successful in its infancy. The meme coin not only developed a sizeable fan base, but also excelled in a variety of…
Some Argentine workers are resorting to receiving part of their salary in cryptocurrencies to circumvent exchange controls, according the O Globe newspaper. The Argentine peso faces a 50% annual inflation, which basically means that every year a citizen can lose half of his purchasing power if he keeps his savings in the state currency. But it is not only to protect themselves from inflation that Argentines are interested in receiving their salary in cryptocurrency. Due to exchange controls applied in the country the worker is harmed who receives his salary in full through the banking system. If the company pays…
Over the past year, traditional banking institutions have been closer to crypto than ever before. Citing competition from cryptocurrency-based exchanges, banking players have also started offering cryptocurrency trading services. On Thursday, March 24, Israeli banking giant Bank Leumi becomes the first bank in the country to announce cryptocurrency trading services. The bank has partnered with US blockchain firm Paxos and will facilitate cryptocurrency trading through its digital arm Pepper Invest. Leumi said that Pepper Invest users will be able to buy, sell and hold digital assets worth at least 50 shekels (or $16 USD) per transaction. But currently, the service…
Nasdaq-listed cryptocurrency exchange Coinbase (NASDAQ: COIN) has added Cardano (ADA) to its staking offering, allowing users to earn a return on their ADA holdings on the exchange by participating in the proofing mechanism. of network participation. According to an announcement published by Coinbase Senior Product Manager Rupmalini Sahu, the launch is part of Coinbase’s plans to scale its staking portfolio throughout the year. In the announcement, Sahu noted that Cardano “aims to enable smart contracts to enable developers to create a wide range of decentralized finance (DeFi) applications, new crypto tokens, games, and more.” When users stake crypto assets like…
The launch of the “volcano bonds”, that is, government bonds in Bitcoin, in El Salvador seems to have been postponed. The debut was expected between March 15 and 20, but it did not take place. The new speculation is that the launch will take place in September. Launch of Volcano Bonds Delayed in El Salvador The debut of Bitcoin bonds was scheduled for the third week of March, as announced by the local Finance Minister, Alexander Zelaya. To date, the investment vehicle has not yet been launched, suggesting that caution has prevailed. After all, although the demand seems to be…
After hosting the first metaverse festival, Decentraland (MANA) announced that they would be hosting the first metaverse fashion week (MVFW) between March 24 and 27. MVFW is designed by Decentraland Foundation Creative Director Sam Hamilton and MVFW Director Giovanna Casimiro. Unlike traditional fashion shows, which are not accessible to ordinary citizens, Decentral and MVFW will be accessible to everyone who can log into the metaverse. Anyone can exhibit their designs and sit in the front row. Hamilton mentioned that fashion became an important part of the metaverse during an interview last year. However, he emphasized that his main focus at…
The host of popular cryptocurrency analysis and market commentary show Coin Bureau says that Ethereum competitor Fantom (FTM) has fundamentals that still look “extremely strong.” Here is a little introduction from the Fantom team to this exciting crypto project: “Fantom is a high performance, scalable and secure smart contract platform. It is designed to overcome the limitations of previous generation blockchain platforms. Fantom is permissionless, decentralized, and open source. Lachesis, its revolutionary aBFT consensus mechanism, allows Fantom to be much faster and cheaper than previous technologies, yet extremely secure.” According to a report by The Daily Hodl, in a YouTube…