The Delaware court witnessed a defamation suit filed on the 28th of February, with AML Global and its chief, Christopher Harborne, suing WSJ for misrepresenting them in criminal activity. Claims originate from an article “Crypto Companies Behind Tether Used Faked Documents and Shell Companies to Get Bank Accounts,” which was a March 2023 WSJ publication and made the allegations that major crypto companies, including Tether and Bitfinex, had no choice but to result in fraudulent activities to open bank accounts, thus making them unable to access banking services directly. The article stated that Tether and Bittfinex were “struggling to maintain…
Author: Web3 Daily Press Staff
From public social media to private Discord and Telegram channels, the internet is buzzing with the talk of Polkadot $DOT. Some people think it’s going to be the biggest hit in the DeFi space ever since the launch of Ethereum. At the same time, others are more modest in their predictions for this project.While predictions may vary, one thing is clear: Polkadot $DOT is on the rise, and the best part is, that you can get it for free today. Thanks to the generous folks at DappRadar, you can now claim Polkadot $DOT airdrop at practically zero cost. So whether…
Bitcoin nonfungible tokens (NFT) sales have just surpassed Ethereum over the last seven days following a sudden spike of Bitcoin Ordinals-based NFT collections, led largely by the collection NodeMonkes.Bitcoin NFT sales rocketed 80% week-over-week to $168.5 million, with three of the top five best-selling NFT collections for the week being Bitcoin Ordinals-based. Ethereum only drew in $162 million in sales, according to CryptoSlam! data. CointelegraphOrdinals launched in January 2023 and provided the tools to create NFT-like assets by giving users to ability to insert files, such as an image, into satoshis (sats) — the smallest unit of Bitcoin.Uncategorized Ordinals (not…
staking art by Ethan ReynoldsAre you currently seeking to enhance your Power Dogecoin $DOGE assets through staking platforms? Selecting the ideal platform is critical for improving your rewards. In this article, we will look at the top 3 staking platforms that can aid you in getting the most out of your Power Dogecoin $DOGE assets.Staking platforms provide a passive income option for cryptocurrency investors. By participating in staking, holders can earn rewards by keeping their digital assets in a wallet for a particular period. However, not all staking platforms are alike. Deciding on the right platform is vital to making…
Scallop Protocol, a burgeoning force in the decentralized finance (DeFi) space, has announced a successful $3 million funding round, co-led by CMS Holdings and 6th Man Ventures. The strategic investment round, marking the beginning of Q1 2024, also saw significant contributions from Kucoin Labs, Blockchain Founders Fund, and UOB Venture Management, among others. Strategic Funding to Fuel Growth Since its main-net launch in July 2023, Scallop Protocol has rapidly ascended to the top of the DeFi space on Sui, boasting a user-friendly interface, cutting-edge functionalities, and robust security measures. The platform has achieved an all-time high Total Value Locked (TVL)…
The crypto market is rarely calm, and evidently, Chainlink (LINK) experienced a downturn due to whale sell-offs after reaching a peak of $20 on February 11. In contrast, Render (RNDR) Token and KangaMoon (KANG) are making significant strides Particularly, KangaMoon is a new entrant in the meme coin market, aiming to redefine the meme coin space and replicate the success of established projects like Solana (SOL). Chainlink (LINK) Whale Sell-Off Triggers Downturn After Reaching $20 Peak Since hitting a peak of $20 on February 11, Chainlink (LINK) whales have been observed divesting their holdings, contributing to its recent downtrend. Notably,…
Around 81% of ADA’s circulating supply was in profit at press time. The price increase came alongside a sharp jump in ADA’s network activity. Cardano’s [ADA] bullish surge was halted as it suffered a minor pullback in the last 24 hours of trading. ADA corrects but sentiment is still bullish The eighth-largest cryptocurrency retraced 2.48% to $0.72 at press time, according to CoinMarketCap. However, the broader timeframe evoked optimism as ADA was up 23.23% in a week, and about 38% over the month. It was pretty common to experience such bouts of correction during an upward market. According to AMBCrypto’s…
Mushumir Butt Bitcoin Cash (BCH) price skyrockets due to bullish indicators and upcoming halving event Read U.TODAY on Google News In a significant financial development, Bitcoin Cash (BCH), one of the leading cryptocurrencies, has seen an impressive surge in its price, marking a 20.12% increase in the last 24 hours. This substantial growth has elevated its trading price to $486.12, demonstrating a remarkable 101.87% rise over the last month. The surge has caught the attention of traders and investors alike, leading to a 115.66% increase in the 24-hour trading volume, which now stands at $3.12 billion.Meanwhile, data from CoinGlass indicates a…
Crypto Price Analysis Mar-1: ETH, XRP, ADA, SOL, and BNB CryptoPotato This news is republished from another source. You can check the original article here
The Cardano market has recently showcased a trend that could be cause for concern among its investors. A noticeable decrease in trading volume suggests that the momentum behind ADA’s recent price rally may be waning, potentially signaling an upcoming period of volatility and price correction.The declining volume trend is a critical red flag in technical analysis, often indicating a lack of conviction in the asset’s ability to sustain its current price levels. As trading activity diminishes, the support that has propelled ADA’s price higher becomes increasingly fragile. This situation can lead to a scenario where even a minor sell-off could…