Author Archives: CryptoCoinstart News Report

Polygon Announces Web3 Infrastructure Protocol Partnership to Combat NFT Scams

Allbridge to Begin Repaying Stuck Bridge Users After Recouping Funds Users with funds stuck on the multi-chain token bridge provided by Allbridge are first in line to receive compensation under a recovery plan posted by the project following a recent exploit. In an April 5 statement, Allbridge said it has already started a compensation process[Read more…]

USDC’s Market Cap Falls to an 18-Month Low Despite Smart Contract Demand Circle’s USDC, a stablecoin pegged to the US dollar, has had a rough time in the market lately. Here are the key takeaways from recent developments. USDC’s Market Cap and Transaction Volume Continue to Suffer USDC had robust outflows in the last two[Read more…]

Why Bitcoin Investors Should Consider Accumulating More BTC Bitcoin [BTC] surprised many in Q1 2023 by beating predictions of a further decline and emerged as the best-performing asset class with a 70% price hike. However, as Q2 begins, conversations that preceded Q1’s performance have started to unfold again. Despite this, CryptoQuant author and on-chain analyst[Read more…]

Institutional investors have been dumping cryptocurrency investment products providing exposure to top digital assets like Bitcoin ($BTC) and Ethereum ($ETH), but have been increasing their bets on products providing exposure to altcoins like XRP, Solana ($SOL), Litecoin ($LTC), and Polygon ($MATIC). The sixth week of outflows for digital asset investment products, totaling $95 million, was[Read more…]

Solana sees an increase in unique contracts deployed Solana has witnessed a surge in unique contracts deployed on its network, reaching the highest level for the year, according to Artemis data. The growth is not limited to March, indicating sustained development on the platform. At the time of writing, 75 unique contracts were active, illustrating[Read more…]

Asian nations eyeing an alternative to U.S. dollar hegemony As Asian countries strive to become more self-reliant and reduce their dependence on the U.S. dollar, new proposals and currency concepts are emerging. China and Malaysia consider an Asian Monetary Fund According to Bloomberg, a proposal for an Asian Monetary Fund was discussed at a forum[Read more…]

Ether Breaks $1,900 Resistance Level Ahead of Shanghai Hard Fork Update Ether Breaks $1,900 Resistance Level Ether (ETH) has breached the $1,900 resistance level for the first time in over seven months and is currently trading at $1,914, a week ahead of the Ethereum Shanghai hard fork. The Shanghai hard fork, set to occur on[Read more…]

passed away following a stabbing incident in San Francisco on April 4, according to a tweet by Abra CEO Bill Barhydt. Lee was reportedly killed by an unknown attacker. The incident occurred in the early hours of Tuesday, April 4, 2023. Details of the incident were outlined in a post by the San Francisco Police[Read more…]

OpenSea has recently announced the launch of OpenSea Pro, its new NFT marketplace aggregator catering to the needs of professional users. The platform is aimed at providing a new level of optionality, selection, and control for professional collectors, offering a suite of improved features that enable collectors to discover the best deals and insights across[Read more…]