Category: Ethereum

Volatility derivatives project Volmex Finance attracts backing from VC giants

A number of venture capital giants have completed a financing round for Ethereum-based volatility and derivatives protocol Volmex Finance. According to a March 17 announcement from Volmex Labs, the financing round was contributed to by several leading decentralized finance venture capital firms including Alameda Research, Three Arrows Capital, Robot Ventures, CMS Holdings, IOSG Ventures, D64

Coinbase registers 114.9 million shares ahead of direct Nasdaq listing

Cryptocurrency exchange Coinbase has registered 114,850,769 shares of class A common stock for a direct listing on the Nasdaq stock exchange, as per an amended S-1 filing with the U.S Securities and Exchange Commission. Coinbase announced its intention to launch an initial public offering back in December 2020 when it first filed registration forms with

Ja Rule’s Fyre Fest NFT, Trump tweet auction, Tezos muscles in

The latest celebrity to suddenly realize the immense artistic significance of tokenized art (or ‘cash in on’ depending on your perspective) is rapper and Fyre Festival co-founder Ja Rule — who is auctioning off a 48-inch-by-60-inch, oil-painting of the Fyre Fest’s corporate logo with accompanying NFT. The auction, which has a reserve price of $600,000

Ethereum bulls enticed by $1,750 support and lack of ETH liquidations

As Bitcoin price dropped below $55,000 on March 15, Ether (ETH) pulled back to confirm the $1,750 level as support. This signals optimism from professional traders despite the 12% drop that occurred after Ether price peaked at $1,950 on March 13. While Ether may be bullish from the price perspective, recent news surrounding the protocol

Kraken users have already staked half a million ETH

Ethereum’s transition to Ethereum 2.0 officially began in December 2020 with the launch of its beacon chain. The long-awaited scaling solution takes the blockchain from a proof-of-work to a proof-of-stake consensus algorithm. In the months since the transition began, users of United States-based crypto exchange Kraken have allocated more than half a million Ether (ETH)

Hacker makes off with $5.7m after ransacking social token platform

Social token platform Roll suffered a hot wallet breach, resulting in hackers draining at least 3,000 ETH worth $5.7 million on March 15.  At roughly 8am UTC, digital asset management platform MyCrypto reported that a hacker may have compromised the private keys for Roll’s hot wallet, allowing them to transfer funds from users’ accounts at