Chain News Today TheBitTimes.com

DWF Labs, a leading Web3 investor, has launched the $20 million Cloudbreak Fund to support Web3 projects and founders in Chinese-speaking region s, as per the latest updates shared with Finbold on July 3. The fund will nurture innovative initiatives in GameFi, SocialFi, Memecoins, Derivatives, and Layer-1/Layer-2 infrastructure projects by providing them with the resources necessary to accelerate their growth and establish a strong presence in the Web3 ecosystem. Andrei Grachev, Managing Partner at DWF Labs, expressed his enthusiasm for the project, stating:  Picks for you Crypto whales sell million s of this token targeted by the SEC 9 hours ago ADA set for a 70% spike as this pattern plays out 10 hours ...

Ripple, the XRP Ledger (XRP) developer and largest holder, sold 250 million XRP from this month’s reserves on June 20. The amount is worth $122.5 million , representing 0.44% of XRP’s $27.20 billion capitalization at $0.49 per token On June 1, the company released 1 billion XRP from the initial distribution, locked in monthly escrows until 2027. Ripple then sent 200 million XRP to its treasury account and locked the remaining 800 million in new escrows. Additionally, the ‘Ripple (35)‘ account sent an extra 200 million tokens to the sell-off reserves, totaling 400 million XRP. This was the company’s largest sell-off preparation for a single month, which is now completely sold out. Picks for you How rich is Connecticut's senator and one of the richest U.S. politicians: Richard Blumenthal's net worth revealed ...

Ethereum price has dropped below $3,000, hitting lows of $2,942 on Coinbase. The decline in the price of Ethereum comes as spot ETH ETFs saw a tepid debut in Hong Kong. Liquidations hit $320 across the crypto market, with over $96 million in ETH (over $78 million of it in liquidated longs). Ethereum has declined to below $3,000 again as the broader crypto market reels from downside pressure. As Bitcoin retested prices near $60,000 on Tuesday, ETH price moved lower and broke under the psychological $3k level. On crypto exchange Bitstamp, ETH/USD reached lows of $2,945 while the second largest cryptocurrency by market cap’s value revisited $2,942 on US-based exchange Coinbase. ETH price weakness amid key developments ETH is seeing renewed downside pressure amid crucial developments around this cryptocurreny’s ecosystem and in the regulatory space. This past week, Consensys sued the US Securities and Exchange Commission (SEC), accusing the regulat...

Crypto bull markets have always had several key, linking Features and the one prevalent through much of 2024 – despite a few hiccups – has been no different.  For example, Bitcoin (BTC) already reached a new all-time high price near $73,000 earlier in March – and is likely headed for even higher highs as the long-awaited halving event approaches.  Meme coins have also experienced a resurgence with many of the old ones like Pepecoin (PEPE) and Floki Inu (FLOKI) riding close to their peaks. Picks for you Peter Schiff urges to sell Bitcoin and buy gold via his website 14 seconds ago Legal expert accuses the SEC of ‘making sh*t up as they go’ 56 mins ago Trading expert projects a major Bitcoin pullback to this level post-halving 1 hour ago Analyst who predicted dot-com bubble warns of AI crashing stock market 2 hours ago Projects in the Solana (SOL) ecosystem have been doing particularly well with Bonk (BONK) hitting a n...

Authorities in Ukraine have busted a 29-year-old individual on the grounds of compromising cloud accounts to illegally mine cryptocurrencies.  The arrest conducted on January 9 in Mykolaiv was a collaboration between Europol and an unidentified cloud service provider who apprehended the individual in what was described as a ‘sophisticated crypto jacking scheme,’ Europol said in a press statement on January 12.  According to Europol, the suspect is believed to have mined over $2 million (€1.8 million) in cryptocurrencies through the compromised accounts.  On the other hand, Ukrainian cyber police, who also participated in the operation, noted that the individual employed automated tools to forcefully breach the passwords of 1,500 accounts belonging to a subsidiary of an e-commerce entity that was not named. Cryptocurrency We asked ChatGPT what will be ETH price if Ethereum ETF is approved Cryptocurrency 3 cryptocurrencies ...

In the fourth quarter of 2023, Alchemy saw an unexpected surge in ERC-4337 smart contracts, creating over 960,000 account s. This explosion of interest underscores the zeal of app developers to tackle user experience challenges, per Alchemy’s report. Will Hennessy, Alchemy’s account abstraction lead, expressed his surprise, attributing the rapid adoption to the Ethereum Foundation’s deployment and developers’ eagerness to address user experience challenges. “The Ethereum Foundation just deployed ERC-4337 contracts in March 2023, so this early adoption is faster than expected,” he said via his personal X account. “It shows how hungry app developers are to solve [user experience] problems like gas sponsorship.” Account Abstraction was a HUGE narrative in 2023. Over 960,000 new ERC-4337 accounts were created in Q4, representing 53% of the total 1.8 million deployments to date. Let's look at how we did as an industry on other key m...

Ripple, one of the major XRP sellers, uses its monthly unlocked reserves to fund its operations and team members. By December 21, the company had already dumped 240 million XRP ($148.8 million). This was 40 million tokens more than this month’s unlocked and held amount, suggesting Ripple is liquidating its reserves. Notably, the remittance network’s sell-off continue s as the company spent another 70 million XRP on December 27. The total spent this month surpasses $192.2 million worth of XRPs, and there are still million s of dollars left in its reserves. As developed, Ripple sent the 200 million XRP to its reserves on December 1. Further, the payment protocol made two transactions of 60 million tokens each on December 6 and 12 and a 120 million XRP payment on December 20. ‘Ripple (1)’ transactions historic. Source: XRP Scan Ripple’s monthly dumps and what is left in its reserves Cryptocurrency Top altcoins to watch in the crypto market in 2024 ...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry has recently received reports of a new major hack, and this time, online criminals have targeted zkSync’s DEX Merlin. According to the founder of 0xScope, 0xBobie, the stolen funds were sent to two separate wallets: 0x0b8a3ef6307049aa0ff215720ab1fc885007393d 0x2744d62a1e9ab975f4d77fe52e16206464ea79b7 Stolen funds ($1,823,477) are in 1, 0x0b8a3ef6307049aa0ff215720ab1fc885007393d 2, 0x2744d62a1e9ab975f4d77fe52e16206464ea79b7 The potential hacker bridged all of them to Ethereum. https://t.co/ADDnuhNjVI pic.twitter.com/26zbt9AG9M — Bobie(🪬.🪬) (@0xBobie) April 26, 2023 Meanwhile, Wu Blockchain officials have said that the public sale and the launch of Core Farming Pools were delayed in order for Certik to complete its audit and reassure investors that everything is in order. But, shortly after the audit was completed and Merlin finally started its public sa...