Author: NBTC
Ethena’s USDe, a synthetic dollar stablecoin, encounters critical assessments. TardFiWhale, a blockchain sleuth known has spotlighted “critical flaws” in Ethena’s system. Despite issuing over $1.5 billion in USDe, Ethena is now grappling with potential vulnerabilities that could endanger user investments. TradFiWhale Raises Concern Despite Ethena’s Token Listing TardFiWhale, with a track record of exposing financial missteps such as the collapse of the TerraLuna ecosystem, has raised alarms about Ethena’s structural weaknesses. “They’re paying me off to stop shitposting Ethena; how they’re launching a bug bounty program after launching their token allowing insiders to cash out from their shard campaign participation…
Taiwan prosecutors charged 32 individuals with fraud and money laundering linked to ACE Exchange, the Taipei Times reported Friday. The Taipei District Prosecutors’ Office indicted key figures involved with the exchange. These include founder David Pan, his business partner Lin Keng-hong, and former chairman Wang Chen-huan. In a staggering fraud, prosecutors estimate over 1,200 people lost a combined total of NT$800m ($24.56m). Prosecutors allege that starting in 2019, the suspects convinced investors to buy NFTC tokens, bitnature coins, mochange (a token created by ACE Exchange), and other tokens. They are also accused of creating white papers and other materials to…
OKX, one of the leading cryptocurrency exchanges, started the day with the altcoin announcement. At this point, OKX Jumpstart will implement its new project MSN (Meson Network) and the mining activity will start on April 26 at 09:00 (UTC) and will last for 2 days. Bitcoin and Ethereum holders will be able to earn MSN tokens by staking BTC and ETH. “OKX Jumpstart MSN Mining will start at 09:00 (UTC) on April 26, 2024. BTC and ETH holders will be able to earn MSN tokens by staking BTC and ETH. This announcement will support users to invest in ETH and…
Decentralized Physical Infrastructure (DePIN) project MapMetrics will leave the Solana ecosystem and migrate to peaq, a layer-1 solution designed specifically for DePIN and Machine real-world assets (RWAs). MapMetrics is a drive-to-earn project that rewards users with tokens and NFTs for providing anonymous live traffic and map data. Similar to DePIN project Hivemapper, the team hopes to create a decentralized global map using Web3 technology. Read more: ‘Drive-to-earn’ app aims to bootstrap ‘dynamic maps’ with crypto rewards Brent van der Heiden, co-founder at MapMetrics, told Blockworks that the decision was made as peaq offered a variety of modular DePin functionality. “Peaq…
The official Shiba Inu account on the X/Twitter social media network has made a major shoutout to the whole SHIB community. The reason for that was the recent significant milestone reached by Shibarium gas token Bone ShibaSwap (BONE) this week. According to the tweet, BONE has received the largest number of votes and won the “#1 people’s choice” nomination on MarketCoinpedia. The SHIB tweet stressed that this was possible due to the immense support provided by the Shiba Inu army. Huge shoutout to our community! $BONE has been voted the #1 people’s choice on @MarketCoinpedia We’re incredibly grateful for your…
New powers developed to enable law enforcement officials to confiscate cryptocurrency without arresting the suspects have received approval in the United Kingdom. The measure, anchored on the earlier enacted crime bill, helps law enforcers act fast in deploying crypto asset seizures linked to crime. History endeavors to tackle the problems associated with the nature of financial crime transformation, especially with regard to virtual currencies. Empowering Law Enforcement The UK Home Office announced enforcing the new rule, which does not enforce arrests before the acquisition of cryptocurrency possessions. As per a press release issued on Friday, law enforcement agencies have acquired…
In a bid to promote transparency and trust with its customers, popular cryptocurrency exchange OKX shared its Proof of Reserve (PoR) which showed massive holdings of XRP, Dogecoin (DOGE) and Solana (SOL). XRP, DOGE and SOL Take the Spotlight According to the data shared by OKX, its XRP holdings come in at 327,872,491 units, a figure that far outstrips the 321,519,909 that belong to its users. This OKX balance and user balance reserve ratio comes in at 102%. A similar boost was seen for Dogecoin, the industry’s largest memecoin which marked a 101% reserve ratio. User’s DOGE holdings come in…
In the last 24 hours, bitcoin miners have faced significantly reduced earnings, with the current hashprice lingering at a significant low. Just five days ago, miners were harvesting an average of 5.105 BTC per block, between a blend of new BTC and transaction fees, following a peak in the hashprice. However, the average yield per block reward over the past 100 blocks has notably decreased by 24.97% since last Sunday. Despite Nearly 1 Million Transactions Confirmed in a Day, Miners’ Revenue Hits Multi-Year Low As of 7 a.m. Eastern Time on April 26, 2024, the expected earnings from 1 petahash…
Glassnode, an on-chain market analytics provider, has announced an exclusive package of advanced on-chain metrics. According to the company, it is unveiling up to twenty-eight exclusive on-chain metrics that add to wallet distribution as well as holding age. The platform brought this development to the front through its official X account. Glassnode introduces a new suite of 28 cutting-edge On-Chain metrics, adding both holding age, and wallet distribution breakdowns to critical metrics, such as SOPR, MVRV, Realized Profit, and Realized Cap.Discover more in our latest insights article
https://t.co/khfhqkHDu5 pic.twitter.com/bsBi1vIBBf — glassnode (@glassnode) April 25, 2024 Glassnode’s Unique On-Chain Metric Suite Promises…
As revealed thanks to data from IntoTheBlock, the volume of large transactions involving popular meme cryptocurrency Shiba Inu (SHIB) has increased by over 400% in the past 24 hours. Digging deeper into the data, the volume of large transactions rose from 1.4 trillion SHIB to 6.11 trillion SHIB, a 436% increase. In monetary terms, the volume of large transactions with the Shiba Inu token increased $42.75 million to $171.74 million, a 401.7% increase. Overall, the number of large transactions, which are defined as those totaling at least $100,000, rose to 276, 119 more than the day before. The difference in…