The Shiba Inu team has teamed up with Zama, a security company, to launch a new encryption standard. This upgrade aims to make SHIB more secure and support the growth of its ecosystem. Fully Homomorphic Encryption (FHE) The new encryption tool, called FHE, allows users to process encrypted data without decrypting it first. This makes…
Post-FTX Ventures Former employees of FTX and Alameda Research have launched Backpack, a cryptocurrency exchange, with $17 million in funding. This venture is part of a wave of startups emerging in the wake of FTX’s collapse. Backpack’s Offerings Backpack has raised $120 million in Series A funding and offers a range of products, including: Cryptocurrency…
Bitcoin has hit a new high of $64,000, but is this rally sustainable? Let’s look at what on-chain data reveals. On-Chain Activity Metrics on the Rise Santiment, an on-chain analytics firm, has analyzed Bitcoin’s on-chain activity during its recent rally. They found that three key metrics are all showing positive trends: Transaction Volume: This measures…
A Bloomberg analyst has revealed that Bitcoin (BTC) exchange-traded funds (ETFs), which debuted in January, have witnessed a surge in individual trades, surpassing the top two ETFs in the stock market. Retail Traders Dominate According to Eric Balchunas, a senior ETF analyst at Bloomberg, Bitcoin ETFs have outperformed both the SPY and QQQ ETFs in…
A crypto expert who accurately predicted Bitcoin’s 2018 price bottom is now eyeing a memecoin and an AI-related asset for potential gains. Memecoin to Soar Analyst Bluntz believes the Solana-based memecoin dogwifhat (WIF) could generate massive returns. He compares it to another crypto asset that has already seen a 5x increase this year. “WIF will…
Sergey Nazarov, the founder of Chainlink, believes the recent launch of Bitcoin exchange-traded funds (ETFs) is a major milestone for the crypto industry. He predicts that it will attract a surge of capital from global financial institutions. Institutions Embrace Crypto Nazarov says that institutions are now the primary drivers of the crypto market, seeking new…
Ankr’s Comprehensive Offering Ankr, a leading Web 3.0 infrastructure provider, has expanded its Rollup-as-a-Service (RaaS) solution to empower developers and enterprises. This end-to-end platform offers: Seamless integration with leading partners like ZKsync, Optimism, and Polygon Liquid staking capabilities, allowing developers to leverage ankrETH as gas fees and earn staking rewards High-performing infrastructure, proven to handle…
Attack on Serenity Shield On February 27th, a Metamask wallet belonging to Serenity Shield, a data storage platform, was compromised. Over 7 million SERSH tokens, worth $5.6 million, were stolen. Token Price Plummets The theft caused the SERSH token price to drop dramatically, falling over 90% to $0.0073. It later recovered slightly but continued to…
Expanding User Base Binance, the leading crypto exchange, is launching a new VIP program to attract traders from traditional markets. This move aims to expand its user base and offset regulatory challenges. New VIP Status Requirements Under the program, traders can qualify for VIP status based on their combined trading volume from both crypto and…
Short-Term Whales Hit All-Time High As Bitcoin surged to $60,000, a group of “newbie whales” have amassed an astonishing amount of unrealized profit. These whales, known as “short-term holders” (STHs), have held their coins for less than 155 days and currently own at least 1,000 BTC. Unrealized Profits Soar The unrealized profit held by STH…
