Crypto Calendar News

2023-04-12 09:50:04 Bitcoin tops $30,000 mark for first time since June 2022

The price of bitcoin topped the $30,000 mark for the first time since June 2022, continuing a crypto rally that began at the start of this year. CoinGecko data showed bitcoin topping $30,000 late this evening, before it dipped slightly under the mark again. The world’s foremost cryptocurrency had earlier hit the threshold on crypto exchanges including Coinbase and OKX.

Bitcoin was last at $30,000 in June 2022, as it fell for a prolonged period from the dizzying heights of the 2021 bull market of the year before, which had seen it trading as high as $67,000, according to CoinGecko. Bitcoin fell precipitously from there to a low of around $16,000 late last year — a year marked by a string of catastrophes for the crypto sector, including the implosion of Sam Bankman-Fried’s FTX. Bitcoin is up 79% on the year, its run underpinned by bank runs that called into question the resiliency of centralized banking options. Since the beginning of the year, bitcoin has gained 79%, while ether has risen 59%.

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2023-04-11 09:46:02 Ethereum Validator Scores Big With 689 ETH From MEV-Boost Relay

Ethereum Beacon Chain has raised eyebrows in the cryptocurrency community. Specifically, a single block, built by beaverbuild.org and containing 47 transactions, resulted in a reward of 689 Ether, worth $1.28 million. The recipient of this impressive bounty was Lido, a popular solution for Ethereum liquid staking. Interestingly, this is not the first time Lido has received a reward of this magnitude; just last month, the solution was paid 691 Ether.

While the success of Lido is commendable, the transaction has sparked concerns about Miner Extractable Value (MEV)-boost relays, which can extract value by aggregating blocks from multiple builders to select the one with the highest fees. This has resulted in over $1.38 billion in MEV extraction from Ethereum users attempting to trade, provide liquidity, and mint nonfungible tokens (NFTs). One of the most common types of MEV exploits is the “sandwich” attack, which occurs when an attacker places a large trade on either side of a target’s transaction, manipulating the price and profiting from the price change.

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2023-04-10 09:24:02 Arbitrum Proposes Returning 700M ARB Left To DAO After Rage

The Arbitrum community initiated the AIP1.05 proposal, which proposes that the Arbitrum Foundation return 700 million ARBs to the DAO Treasury following this week’s community uprising. The Arbitrum Community initiated the AIP1.05 proposal, which proposes that this Foundation return 700 million ARBs to the DAO Treasury. Voting will end at 8:52 am on April 15, 2023; the current approval rating is 66.57%.

Per previous news, the Arbitrum Foundation submitted two new proposals on expanding the custody and governance of ARB token holders to address the collapse of crypto governance this week. The first proposal, AIP-1.1, proposes to place the Foundation’s remaining 700 million ARBs in a “smart contract-controlled lock” that will be unlocked over four years. The second proposal, AIP-1.2, seeks to amend several governance documents of this ecosystem, including reducing the threshold for the number of ARB tokens required to issue on-chain improvement proposals from 5 million down to 1 million.

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2023-04-09 10:11:02 Polygon Becomes The 2nd Largest Gaming Blockchain In March

Layer-2 scaling solution Polygon is making a reputation for itself in the game industry after seeing an increase in daily unique active wallets (UAWs) last month. According to a Blockchain Games report released on April 6 by the decentralized application (dApp) monitoring platform DappRadar, the number of UAWs engaged with games on Polygon reached 138,081 in March, a 53% rise from February.

The layer 2 is significantly ahead of third and fourth-ranked Hive and the BNB Chain, which have 84,000 and 80,000 UAWs, respectively, but Wax Blockchain (WAXP) remains the top blockchain game, with a UAW that is nearly 228% more than Polygon. According to the statistics, Wax was the most active gaming blockchain in March, with 314,976 daily unique active wallets. This reflected a reduction of 8.11% over the previous month. The statistics also indicated that Alien Worlds had a 66% share of the Wax activity. In terms of on-chain dApp activity, the action role-playing game has subsequently ascended to become one of the top five blockchain games.

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2023-04-08 10:47:02 Avalanche Activated Cortina Upgrade On Fuji Testnet, AVAX Up Nearly 2%

According to a tweet by Patrick O’Grady, technical director of Ava Labs, Avalanche successfully enabled the Cortina upgrade on the Fuji testnet at 3 pm UTC on Thursday, April 6th, 2023. Cortina makes it easier for exchanges that support Avalanche’s X-Chain, the protocol it uses to send and receive funds. According to Avalanche, the upgrade will also allow for faster development, among other benefits.

The Cortina upgrade includes protocol optimizations incompatible with AvalancheGo v1.10.0 versions. If you run a node on Fuji, you must upgrade your software to AvalancheGo v1.10.0 before activation on Fuji. If you are a Mainnet node operator, you only need to take action once the official [email protected] code is published. The latest version of AvalancheGo will migrate the X-Chain to run the Snowman++ consensus engine, meaning the entire network has been migrated to a single consensus engine, reducing the size of the trusted computing base and leveraging existing R&D efforts.

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2023-04-07 07:48:02 RACA Raised $16 Million From DWF Labs To Create The Web3 Game Ecosystem

According to the information, DWF Labs’ agreement to engage in RACA involves a commitment to purchase back a number of RACA tokens. The DWF Labs money will assist RACA in its aim of becoming a larger Web3 gameplay environment. Web3 gaming is a new business that uses blockchain technology to deliver a decentralized gaming experience to consumers. Web3 games, as opposed to conventional gaming platforms.

The firm has reached a major milestone with the investment from DWF Labs, showing that the company’s idea for the future of Web3 gaming is getting momentum in the investment community. It is also a clear sign of Web3 gaming’s potential, as investors increasingly recognize the worth of open gaming platforms. We can anticipate even more invention and development in this exciting new sector as the business continues to develop its platform and extend its products. The platform is positioned to become a significant participant in the Web3 gaming environment, with an emphasis on building realistic and compelling gaming experiences.

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2023-04-06 09:53:02 Trust Wallet Partners With MoonPay and Ramp for Off-Ramp Integration

Trust Wallet, a non-custodial crypto wallet with over 60 million users, has partnered with crypto payments services Moonpay, and Ramp Network to allow users to convert their crypto into fiat currencies within its app, enabling a smoother off-ramp experience. The aim is to allow users to move in and out of crypto solely through their self-custody wallet having full ownership of their assets.

Trust Wallet said it will offer discounts to users who have above 100 Trust Wallet Tokens (TWT), in an attempt to reduce off-ramp fees. At the time of writing, TWT was trading at $1.19. “Before our partnership, Trust Wallet users had to choose between the risk of simple, centralized custodial solutions, and the more demanding journeys of more secure, non-custodial solutions,” said Said Szymon Sypniewicz, chief executive officer at Ramp. The wallet will offer discounts to users who own over 100 Trust Wallet Tokens to reduce off-ramp fees.

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2023-04-05 08:44:02 Binance US Branch Shares Rise 24% Despite CFTC Targeting The Exchange

According to a recent estimate, Binance lost 16% of its market dominance in the first quarter of 2023. According to the story, the drop was caused by the CFTC lawsuit and the firm’s choice to discontinue its free trading program. While Coinbase’s shares have dropped nearly 49%, Binance US shares have increased 24%. The top cryptocurrency exchange has lost nearly 16% of its market share of transaction activity in the two weeks following the CFTC’s case against the exchange.

The US Commodity Futures Trading Commission (CFTC) accused this platform and its CEO Changpeng Zhao of engaging in financial operations without appropriate registration since 2019. The platform also stated that, while Binance remains one of the biggest platforms in the world, with a 54% market share, it experienced a significant drop in market share in the first quarter of 2023. Chinese reporter Collin Wu posted a message on his official Twitter page Wu blockchain mentioning the exchange’s loss: According to Kaiko, after the CFTC launched a lawsuit and the firm discontinued most zero-fee operations, Binance lost 16% of its spot market share to 54%, but only lost about 2% of its perpetual contract market share.

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2023-04-04 09:03:02 Bybit Promotes Expansion Of Operations At New Crypto Hub Hong Kong

Bybit, one of the largest cryptocurrency derivatives exchanges based in Dubai, said it is working on setting up its core Asian business in Hong Kong and plans to set up a division of the research, development, and marketing team in Hong Kong, reported the WSJ. The exchange, founded in 2018, also intends to apply for a license in Hong Kong under the proposed rules that come into effect in June.

According to previous information, on March 31, Bybit was warned by the Japan Financial Services Agency for offering cryptocurrency trading without registration based on the same administrative principles as with three other crypto exchanges outside of Japan. Currently, Hong Kong is considered a golden land for the development of cryptocurrency companies around the world. Global crypto dominance plans for Hong Kong are underway. According to the report, Hong Kong’s Securities and Futures Commission proposed a new licensing framework focusing on investor protection in February.

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2023-04-03 06:20:02 Thousands of Coins Listed During the Crypto Boom Have Died

The heyday is over for crypto makers. At least, that’s what it seems as crypto coins and tokens continue dropping like flies.Data aggregator CoinGecko is commonly used to track cryptocurrencies. It defines a “dead coin” as one that has seen no trading activity within the last two months, has been outed as a scam or has requested removal from the CoinGecko database. As of mid-March, CoinGecko reports that 1,866 of the 6,300 cryptos it listed in 2022.

Despite the huge number of cryptos that have disappeared, 2021 was a boom time for the market. Speculative investments like meme stocks took off in early 2021, thanks partly to a massive increase in government spending and lax interest rates. Cryptocurrency was one of the biggest beneficiaries of this trend. During that year the market capitalization of the industry rose from $965 billion to as much as $2.6 trillion, according to a Morningstar analysis of data from CoinGecko. Driving much of this growth was the money flowing into coins like Dogecoin and other trendy, questionable crypto investments like the Omicron token.

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