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Join Our Telegram channel to stay up to date on breaking news coverage As the cryptocurrency market evolves and matures, exciting new opportunities arise for investors and traders alike. The Arbitrum (ARB) Airdrop is one such opportunity, with the potential to drive significant growth for several key cryptocurrencies, including Arbitrum (ARB), Ethereum (ETH), and TMS Network (TMSN) . Analysis of the Arbitrum (ARB) Airdrop and its potential impact on Crypto prices If you are an Ethereum user or a fan of layer two solutions, you might have heard of Arbitrum (ARB). This scalable and secure platform aims to improve the performance and functionality of smart contracts on Ethereum. Arbitrum (ARB) is one of the leading projects in optimistic rollups. This technique allows transactions to be executed on a second layer while benefiting from the main chain’s security and decentralization. Arbitrum (ARB) has been gaining traction and popularity among developers and users alike, as ...

Popular cryptocurrencies such as Bitcoin and Shiba Inu have outperformed the Nasdaq 100 index in Q1, 2023. The Nasdaq 100 index which measures the technology sectors’ growth, plummeted by 30% in 2022. However, in 2023 it started on the front foot and it is up by nearly 17% in the last three months. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire With Only $10 On the other hand, Bitcoin beat the technological stocks this year by jumping nearly 70% since the start of January. Bitcoin was trading at $16,581 on Jan. 1, 2023, and reached a high of $29,124 on March 30. That’s an uptick of approximately 70% in the last three months and is 53% higher compared to the Nasdaq 100. Also Read: Shiba Inu: The Road to $0.01 Is Now on Shibarium’s Shoulders Alone Additionally, Shiba Inu was trading at $0.00000810 (five ‘zeroes’) on Jan. 1 and jumped 77% up until mid-February. However, Shiba Inu retraced in price and traded at $0.00001068 on Thursday. Therefore, Shiba Inu ...

Blockchain technology was conceived by Satoshi Nakamoto to power the iconic cryptocurrency Bitcoin. It was a resounding success, enabling Bitcoin to establish itself as the world’s first genuine, decentralized, peer-to-peer electronic money and payment system.  However, it was quickly realized that blockchain can also have applications in many other areas besides money, and one of the most interesting use cases looks to be health and fitness. Blockchain-powered databases, NFTs, tokens and metaverses can all transform the way healthcare is delivered, while encouraging people to live healthier lifestyles.  Blockchain is a distributed ledger that’s stored across multiple computers. It’s immutable, meaning it cannot be hacked or altered, because whenever new data is added, the entire distributed network is updated, ensuring that each one’s record is exactly the same.  Blockchain’s potential applications in the healthcare industry have been...

Despite a broader financial meltdown, the crypto market is still posting strong bullish signals. The emerging financial landscape is up 5.18% in the last day and has reclaimed its $1.18 trillion market valuation. Big names like Bitcoin and Ethereum are up 5% and 4%, respectively, propelling the crypto market to a new high. However, altcoins like Ripple’s XRP have been outliers, with the cross-border payment token climbing double-digits despite its lingering legal tussle with the U.S. Securities and Exchange Commission (SEC). Could this be Ripple’s breakout season following growing confidence in a positive outcome in its case? XRP Eyes New Price Level At the time of writing, the XRP asset is trading at $0.54, with a price surge of 11.39% in the last 24 hours. With an uptrend of 46.8% in the past fourteen days and 45.6% in the last 30 days, the digital asset’s bullish streak has been consistent. The XRP price surge has positively impacted its technical metrics. Th...

Xrp rose to a fresh five-month high on Tuesday, as prices climbed for a fourth straight session. The token moved to its highest point since November, which comes despite a red wave sweeping over cryptocurrency markets. The global market cap is down 2.35% as of writing. XRP XRP, formerly ripple, rose for a fourth consecutive session on Monday, as prices hit their highest point in five months. XRP/USD surged to an intraday high at $0.5029, less than 24 hours after falling to a low of $0.4573. As a result of the move, XRP hit its strongest point since November 6, breaking out of a ceiling at $0.4950 in the process. XRP/USD – Daily Chart Looking at the chart, the 14-day relative strength index (RSI) moved to a one-week high, with a current reading of 68.87. This is marginally below resistance at 69.00, and close to a recent seven-month high at 74.00. Earlier gains in XRP have already begun to ease, with bulls seemingly securing gains around this ceiling. Monero (XMR)...

After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than $99 million were withdrawn over the past day, according to Coinglass metrics. 3,655 Bitcoin Withdrawn From Binance in 24 Hours On Monday, March 27, 2023, the U.S. Commodity Futures Trading Commission (CFTC) sued Binance and CEO Changpeng Zhao (CZ), alleging the exchange had violated specific trading and derivatives rules. The CFTC is seeking disgorgement and monetary penalties, as well as a ban on future registrations. Following the news, Binance experienced a large number of withdrawals, and some observers noted “large onchain movements prior” to the exchange’s troubles with the CFTC. “A few hours before the Binance CFTC Indic...

Crypto venture fund A&T Capital has been in the news recently due to the resignation of its founding partner, Yu Jun, and the subsequent commencement of an inquiry into his conduct at the workplace. A Bloomberg report revealed that Jun is being investigated for personal issues. The inquiry will be led by Jasmine Zhang, the firm’s other partner, with the cooperation of relevant authorities. Notably, Jun’s resignation and investigation come amid recent allegations of sexual harassment against him. On Sunday, A&T Capital released a statement in Chinese saying it adopts a zero-tolerance approach towards any unethical or illegal behavior. While the firm clarified that the accused no longer represents A&T Capital, it promised to cooperate fully with relevant investigative units and will closely monitor the investigation’s progress. pic.twitter.com/8KaOgA9fi0 — A&T Capital (@AT_Capital2021) March 26, 2023 Previously, Jun served as the OK...

Despite all the regulatory scrutiny that surrounds the crypto -verse, platforms haven’t stopped building. Prioritizing innovation, Coinbase, a prominent crypto currency exchange is exploring “ flatcoin s” on its Base network. Recently, Coinbase revealed that “ flatcoin s” which are inflation- pegged stablecoins, would be essential to be formulated on the Base network. This is among three other “critical innovations” that are expected to be built on the exchange’s layer-2 network. JUST IN: Coinbase explores creating an inflation-pegged stablecoin by tracking inflation data. — Watcher.Guru (@WatcherGuru) March 27, 2023 The exchange’s latest interest is being viewed as bizarre as most stablecoins are pegged to the U.S. dollar [USD] or a fiat currency. Coinbase’s flatcoins are looking to be backed by the “price of living.” This will be done by tracking the consumer price index, as well as inflation data. The launch of the Base network garnered interest. Now, the layer-2 ne...

Sony’s NFT framework aims to integrate NFTs into gameplay, with the technology representing skins and other popular in-game functionalities. Sony Interactive Entertainment, the video game goliath running the PlayStation brand, filed a patent for a framework allowing users to transfer and utilize nonfungible tokens (NFTs) across multiple game platforms.  Over several years, Sony’s interest in crypto has been evidenced by numerous partnerships and trademark registrations. Adding to this list, Sony filed a patent titled “ NFT framework for transfer ring and using digital assets between game platforms .” Snippet of Sony’s NFT framework patent filing. Source: patentscope.wipo.int Sony’s NFT framework aims to integrate NFTs into gameplay, wherein the technology can represent skins and other popular in-game functionalities. Summarizing the patent, the abstract explained the intended features: “Responsive to the determination, the NFT is provided to the first end-user entity so that the digi...

On one hand, the global economy is in the midst of a banking crisis. On the other, crypto assets have been thriving and attaining new 2023 highs. In fact, companies from the ecosystem are also expecting to churn out profits. USDT stablecoin issuer Tether is one such name. Recently, Tether ’s Technology Chief told CNBC that Tether could register about $700 million in profits in the first quarter of this year. That will make its total excess reserves surpass the $1 billion threshold. Here, it is worth recalling that the company registered the same $700 million in profit during the December quarter. Tether ’s reserves were boosted by the aforementioned profit. As Watcher Guru reported, Tether ’s consolidated total assets stood around $67.04 billion at that time, while its consolidated total liabilities were at least $66.08 billion. In all, it had a surplus reserve of at least $960 million. According to CNBC, Paolo Ardoino, Tether ’s chief technology officer, said the comp...

Reef Chain introduced Reef Labs a major leap towards achieving long-term growth for the Reef ecosystem. Reef Labs is committed to building applications, tools, and services on Reef Chain which will bring value to Reef users, and drive the utility of $REEF. Furthermore, Reef Labs will mentor Web3 Founders and teams whose values are aligned with Reef in order to help them grow. Reef Labs will support and/or incubate external teams to build next-gen dApps for DeFi, NFT, Metaverse, and GameFi on Reef Chain. The Web3 industry has been steadily growing in the Middle East, and Reef has established itself as one of the leading Layer-1 blockchains in this region. Reef Labs’ efforts focus on this area, forming a stronger bond with the local developer community. This will also help us achieve our vision of making Reef Chain the de facto blockchain for Web3 developers and founders in the Middle East. Reef Labs will provide selected projects with technical support and financial aid in all steps of...

Join Our Telegram channel to stay up to date on breaking news coverage Cryptocurrency has become a global buzzword now. Today, the net worth of the entire cryptocurrency market stands over 1.22 trillion US dollars. This global market is never constant and always keeps on growing. New currencies are being launched regularly which improve on the existing coins or provide more real-world utility. However, keeping up with the trends and price movements of all the cryptocurrencies is time taking and challenging. Thus, we bring to you a well-researched list of the biggest crypto gainers to watch out for today. Please see below. XRP XRP Ledger, also known as XRP is an open-source public blockchain. The network is decentralized and doesn ’ t need supervision from a central authority. XRPL was launched in the year 2021 and its entire community consists of software engineers, businesses, users, operators, and others who maintain the ledger. Anyone interested in maintaining the led...