In Brief Salvor joins Avalanche for NFT lending, boosts AVAX use. The platform platform supports over 800 NFT collections. The market has seen NFT trading volumes drop over 30%. Avalanche has partnered with Salvor to introduce an NFT lending platform. This strategic move could significantly impact the price of Avalanche’s native cryptocurrency, AVAX, as it enhances…
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In Brief Bybit announces IDO for Nulink, boosting dApps privacy. NLK token launch on May 12, targeting data security. 4M NLK tokens available, with 14,924 participants ready. Cryptocurrency exchange Bybit aims to enhance the decentralized finance (DeFIi) sector with its upcoming Initial DEX Offering (IDO) for Nulink (NLK). Slated for May 12, this event will mark the…
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In Brief Polygon price is currently stuck in consolidation, heading towards the resistance level at $0.746. MATIC holders are exhibiting signs of potential accumulation, which has historically resulted in rallies. Only 33% of the Polygon native token’s supply is in profits, making it eligible for considerable gains. Polygon (MATIC) price awaits strong bullish cues that could propel the altcoin…
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In Brief Cardano names Giorgio Zinetti as new CTO. Zinetti to enhance Cardano’s blockchain tech. Focus on open-source and enterprise solutions. The Cardano Foundation, headquartered in Zug, Switzerland, and responsible for the cryptocurrency ADA, has announced the appointment of Giorgio Zinetti as its Chief Technology Officer (CTO). This initiative highlights the Foundation’s dedication to steering…
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In Brief Alchemy Pay and Bitget partner to facilitate crypto purchases. Integration offers seamless fiat to crypto conversion in India. Bitget expands services across Southeast Asia and beyond. Bitget announced a partnership with Alchemy Pay. The goal is to enable the buying of cryptocurrencies with the Indian rupee (INR). This collaboration introduces a big improvement.…
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In Brief Canada targets $39.5 million in unpaid taxes. Audits crypto traders, needs more education. Plans to enhance crypto tax compliance. The Canada Revenue Agency (CRA) has ramped up its efforts by initiating nearly 400 audits in a significant move to clamp down on crypto tax evasion. These actions underscore a determined pursuit to recover…
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In Brief Ethernity transitions to Ethereum Layer-2 with AI for security. Layer-2 targets entertainment with eco-friendly infrastructure. New projects like Fanable App and Exorians on Layer-2. Ethernity is a platform that offers authenticated and licensed NFTs featuring well-known figures such as Lionel Messi and Shaquille O’Neal. It has announced a Layer-2 solution on the Ethereum…
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In Brief Mode Network launches governance token MODE. MODE token combines governance roles, tokenomics. Network ranks in top 10 Layer-2 with $603 million TVL. Mode Network, a modular decentralized finance (DeFi) Layer-2 solution built on the Optimism Stack, has launched its governance token, MODE. Simultaneously, the network has initiated its crypto airdrop season, with the token claim…
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In Brief Climate tragedy affected more than 700,000 people in Brazil. 15,000 people are in shelters and almost 81,000 are homeless. It is possible to donate in cryptocurrencies such as Bitcoin. To date, authorities have reported more than 100 people missing and 83 dead after storms and rain hit the entire state of Rio Grande do…
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In Brief Dogecoin’s price is attempting to close above $0.16, which is key in initiating a recovery rally to $0.20. The Open Interest has seen a nearly $200 million increase in 48 hours, with traders pining for a price rise. The meme coin is far from noting a market top since less than 84% of…
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