Cryptocurrency

In a remarkable showcase of growth and community engagement, the newly launched memecoin $IMARO, announced by Metin Redjepi, the coin’s founder and a prominent figure in the Turkish blockchain industry, has quickly garnered attention in the market. Originating from a viral social media moment during Turkey’s local elections, $IMARO has achieved notable success, embodying the cultural resonance and innovative technology of Turkish developers. Coinstore announced the listing plan today.Metin Redjepi comments, “Turkish communities, who are loved by all crypto companies, have our own culture, including meme culture. I want to make sure people know about the person behind the project and break the rug-and-pull stigma of Turkish crypto projects.”Following the elections, a humorous interaction involving a fictional candidate named “Ekrem İmaro” became a sensation, inspiring the creation of the memecoin. This cultural phenomenon has since evolved into a significant digital asset, reflecting the potential for memecoins to capture the imagination of both financial and social communities.A Swift Ascent to SuccessLaunched on March 31, $IMARO’s value skyrocketed, reaching a trading level of $0.0029 per coin all-time-high on April 2nd (9:30 am) and pushing its total market capitalization beyond $3 million. This rapid ascent highlights the cryptocurrency’s strong market acceptance and the vibrant community rallying around its potential.A Call to the Turkish Crypto Community$IMARO is not just a testament to the tech savvy of its creators but also serves as a rallying cry for the Turkish crypto community to embrace and support homegrown projects. Redjepi’s vision extends beyond $IMARO, aiming to spark a movement that breaks down prejudices and unites developers, investors, and enthusiasts in a collaborative effort to elevate Turkey’s standing in the global crypto ecosystem. You can visit https://imaro.meme/ for more info.About $IMARO:$IMARO is a memecoin that blends humor, cultural significance, and blockchain technology to create a unique and engaging digital asset. Born from a viral moment in Turkey’s local elections, it aims to unite the crypto community and demonstrate the innovative spirit of Turkish developers.About Metin Redjepi and the Team Behind $IMARORedjepi, known for founding the world’s first blockchain-based live streaming platform DLive, along with his team, exemplifies innovation and leadership in the blockchain space. Their previous success with DLive, which attracted millions of users worldwide including top content creators, set the stage for the development and launch of $IMARO. Metin Redjepi also owns the web3 marketing agency Sharkgem.comContactCEOMeti [email protected] article was originally published on Chainwire More

Byte Federal, a leading company in the global financial technologies space, is proud to announce the official launch of its point of sale (POS) system, ByteConnect. This product launch marks a significant expansion of Byte Federal’s “fintech focused” services, showcasing a commitment to building a full suite of financial tools for economic freedom.The new merchant product suite includes a comprehensive API, a physical “handheld” POS device for retail locations, and a selection of digital e-commerce solutions. Byte Federal is excited to be a part of the next phase of bitcoin adoption. About ByteFederalByteFederal is dedicated to reshaping economic power through cryptocurrency, empowering people to build wealth with our innovative software. Our mission champions sound money, free from central control, fostering an environment where free trade and real capital growth thrive. Inspired by the progress of past eras and the potential of Bitcoin, we aim to enhance individual purchasing power and to promote a future, where economic freedom and innovation lead the way.We’re building a future where peer-to-peer financial services create a transparent, efficient economy, enabling personal prosperity and securing a brighter tomorrow.Empowering prosperity with sound money principles. Join us.ContactDirector of Product DevelopmentMichelle WeekleyByte [email protected] article was originally published on Chainwire More

In the past 24 hours, the world’s largest cryptocurrency climbed 0.5% to $65,920.0 by 07:33 ET (11:33 GMT).A broader decline in risk appetite- marked by a sharp fall in global stock markets- also pressured Bitcoin, as investors pivoted into safe havens such as the dollar and gold.The greenback raced to a 4-½ month high this week, while gold prices notched record highs.Risk appetite- particularly in Asian markets- was also dented by a devastating earthquake in Taiwan, the impact of which remained unclear. But this kept Asian stocks trading negative, while the dollar stemmed a decline from recent peaks.A potential mass sale event also kept Bitcoin investors on edge, especially as the U.S. government was seen mobilizing part of the 30.1K Bitcoins ($2.1 billion) recovered from the Silk Road marketplace.Crypto influencer ZachXBT noted on social media platform X that an address associated with the U.S. government had moved $139 million of Bitcoin to a Coinbase (NASDAQ:COIN) deposit address.A move onto an exchange could herald a potential sale of the tokens on the open market, presenting some sell-side pressure on Bitcoin. Past crypto seizures by the U.S. government have usually resulted in the government auctioning off the seized tokens.Bitcoin’s strong price run-up this year- where the token hit a new record high was driven chiefly by the U.S. approval of spot exchange-traded funds.In March, these funds witnessed a significant surge in trading volume, reaching over $110 billion—tripling the trading volumes seen in January and February—as Bitcoin’s value reached new heights.BlackRock (NYSE:BLK)’s IBIT led the charge, accounting for nearly half of the month’s total trading volume, according to Bloomberg Intelligence analyst Eric Balchunas. Close behind, Grayscale’s GBTC captured 20% of the market share, with Fidelity’s FBTC contributing to 17%.“$IBIT won the volume race and is officially the $GLD of bitcoin,” said Balchunas, referring to the largest gold ETF, SPDR Gold Trust (P:GLD (NYSE:GLD)).“I can’t imagine April will be bigger but who knows,” he added.Following their approval by the Securities and Exchange Commission (SEC) in January, U.S. Bitcoin ETFs began trading on January 12. At the time, Bitcoin was priced around $45,000.The cryptocurrency’s price has since staged a strong rally, soaring to a new all-time high of $73,000 last month.But capital inflows into these ETFs were seen slowing in recent weeks, a trend that could potentially herald more weakness in Bitcoin prices.The prospect of higher-for-longer U.S. interest rates also presents more headwinds for Bitcoin, given that the token usually benefits from a high-liquidity, high-speculation environment.  More

The trend reflects a growing problem within the crypto community, with each year seemingly worsening in terms of the frequency and scale of thefts. The three months through March 2024 has continued this concerning pattern, with nearly 50 crypto thefts recorded, amounting to nearly half a billion dollars lost.According to data from AltIndex.com, the start of 2024 has seen a surge in crypto criminal activity, with the value of stolen cryptocurrencies nearing $430 million. This escalation is alarming, particularly when the figures are placed in the context of previous years. The first three months of 2024 alone accounted for one-third of the total number of heists reported in the entirety of 2023, a year already notorious for its record number of crypto thefts. Moreover, the financial damage crypto users incurred in these initial months equals roughly one-third of the total losses they suffered throughout 2023.The bulk of the losses this year can be traced back to a single incident where the crypto gaming platform PlayDapp was compromised, leading to the theft of PLA tokens valued at $290 million at the time of the breach. This single event highlights the substantial impact that even one successful attack can have on the overall security and stability of the crypto market.The first quarter of 2024 has also shed light on the continuing vulnerability of Decentralized Finance (DeFi) protocols, which have been the primary targets for these cybercriminals. The data reveals that 60% of all crypto heists during this period targeted DeFi platforms, with a total of 28 reported incidents. These statistics highlight how appealing DeFi platforms are to scammers, largely due to the exploitable flaws in smart contract codes that allow thieves to siphon off funds. January alone saw 12 attacks on DeFi protocols, followed by eight attacks in each of the subsequent months, February and March.  More

The company’s CEO, William B. Horne, highlighted the recent installation of the first Antbox mining container at a Montana site, which is part of a strategic move to take advantage of lower power costs and to repurpose the Michigan facility for artificial intelligence data center development.Ault Alliance has cautioned that the Bitcoin mining projections are subject to market volatility, mining difficulty fluctuations, and other operational factors. The company also acknowledged the upcoming Bitcoin halving event, which will reduce the block reward for miners, stating that it does not predict Bitcoin’s price changes but is prepared to adjust its mining operations as necessary.The press release also provided an overview of Ault Alliance’s business ventures, which include operating a data center, offering colocation and hosting services, and engaging in various industries such as artificial intelligence, defense/aerospace, and medical/biopharma, among others. The company extends credit through a licensed lending subsidiary and is headquartered in Las Vegas, Nevada.This news report is based on a press release statement.As Ault Alliance, Inc. (NYSE American: AULT) continues to expand its Bitcoin mining operations and diversify its business ventures, potential investors may find the following insights from InvestingPro valuable for their decision-making process. Ault Alliance’s current market capitalization stands at a modest $0.98 million USD. This relatively small market cap could indicate a higher risk profile, which is consistent with the company’s significant debt burden and the challenges it may face in making interest payments on that debt, as highlighted in the InvestingPro Tips.The company’s stock has been experiencing high price volatility, with a price decrease of 19.68% over the last month and a staggering 95.05% drop over the last six months. Additionally, Ault Alliance is trading near its 52-week low, with its price at just 0.04% of the 52-week high. This level of volatility and the recent price performance could be of particular interest to investors looking for potential turnaround plays or those with a higher tolerance for risk.Despite these challenges, it’s noteworthy that Ault Alliance’s net income is expected to grow this year, according to one of the InvestingPro Tips. Revenue has also seen a significant uptick, with a 75.93% growth in the last twelve months as of Q3 2023. This could signal underlying business strengths or successful strategic initiatives that may not be fully reflected in the stock price.For those considering a deeper analysis of Ault Alliance, InvestingPro offers additional insights and metrics, including a total of 19 InvestingPro Tips for the company. Interested investors may benefit from the comprehensive data and analysis available on InvestingPro, and can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

William B. Horne, Chief Executive Officer of Ault Alliance, stated, “Sentinum has recently installed the first Antbox mining container at one of its Montana sites. Over the coming weeks and months, Sentinum will slowly move and install miners at its Montana facility to take advantage of the low power cost and make space for the build out of its Michigan facility into an artificial intelligence data center. We continue to be pleased with the progress that Sentinum is making and are excited for the future opportunities presented to us for the Michigan facility.”Ault Alliance notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations. The Company also notes the upcoming halving of Bitcoin and with that, the halving of the block reward for miners. The Company makes no prediction on the price of Bitcoin prior to or after the upcoming halving but is prepared to adjust its mining operations accordingly.For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov. More

Skate is backed by leading founders in web3, including EigenLayer, Polygon, Manta, Axelar, Pendle, A41 and Galxe, supporting its vision to make web3 efficient for a modular future by solving application fragmentation Range Protocol, a unified liquidity provisioning platform, today announced the launch of Skate, the universal application layer that empowers apps to run on thousands of chains with one state. Designed with an intent-centric approach, Skate aims to efficiently address the application fragmentations as a single hub for all code deployment across all chains. Backed by leading web3 players, including EigenLayer, Polygon, Manta, Axelar, Biconomy, Pendle, A41, Vertex (NASDAQ:VRTX), Navi, Galxe, Pontem and more, Skate will deliver its vision with faster finality and universal application scope, paving the way for its mainnet launch within the year. In today’s multi-chain landscape, applications face pressing needs to deploy, adapt and maintain across an increasing number of chains. Skate introduces the concept of a Universal Application Scope, where essential applications are developed collectively and maintained in a shared pool accessible to all chains — regardless of its underlying Virtual Machine environment. With Skate, users and developers are able to efficiently and instantly access thousands of chains by interacting with one application instance.Siddharth Lalwani, Co-Founder and CEO of Range Protocol shared, “The rise of modularity powered innovations such as improved throughput and reduced transaction costs. However, it also came with its own set of challenges, most notably, application fragmentation. Skate introduces the concept of the Universal Application Layer, where essential applications are developed collectively, and maintained in a shared pool accessible to all chains. This ensures foundational needs of builders and users are met efficiently, allowing each chain to focus on creating value-added services and laying the building blocks for a modular future.”Move from Duplication to Innovation: One Skate, One StateSkate is the only intent-centric application layer in the ecosystem, enabling applications to run across thousands of chains and different tech stacks at the same time through a single interface. Moving past duplication of deployments, Skate works as a hub for deploying, developing and maintaining a singular version of smart contracts while servicing users across diverse chains. One of the key innovations of Skate is the embedding of interoperability within the application logic, reversing the legacy approach of building apps first and integrating interoperability afterwards. Skate ensures that all applications are created with interoperability as a foundational component, streamlining the development process and removing the necessity to bridge assets, but also significantly enhances the user experience by providing a fluid, interconnected ecosystem where transactions and information flow effortlessly between chains.Aside from the underlying interoperability networks, Skate will be connected to all the blockchains through Fast Finality Network, secured by EigenLayer actively validated service (AVS), to send state attestations from Skate with sufficient trust minimized assumptions. This brings instantaneous cross-chain intent-driven settlements and reduces slippage when making trades while removing unnecessary complexities from an end-user perspective.Securing the Modular Future, Backed by Web3 PioneersThe launch of Skate is supported by buy-ins from leading web3 players, including EigenLayer, Polygon, Manta, Axelar, Biconomy, Pendle, A41, Vertex, Navi, Galxe, Pontem and more. Forged by the same team of financial engineers and web3 developers behind Range Protocol, a unified liquidity provisioning platform covering key DeFi asset classes, the Skate team brings deep cumulative experience from leading companies like Altonomy, Point72, Bybit, Certik and Citigroup. Skate’s launch also follows Range Protocol’s $3.75M seed round last year, led by HashKey Capital and Nomad Capital. In the coming months, Skate aims to introduce Testnet Campaigns to community members with unique incentives. To keep up to date on Skate and its upcoming testnet campaigns, make sure you follow their Twitter: https://twitter.com/skate_chain.Siddharth Lalwani, Co-Founder and CEO of Range Protocol is available for interview.About Range Protocol and SkateUnderpinned by robust on-chain trading infrastructure, Range Protocol is a unified liquidity provisioning platform. Harnessing advanced expertise and professional strategies, Range Protocol covers key DeFi asset classes through its vault offerings. Combining the best of automated market makers (AMMs) and request-for-quote (RFQ), Range Protocol empowers sound decision-making and optimized strategies for the next generation of investors — with no intermediaries needed. Forged by a team of financial engineers and web3 developers with extensive crypto trading proficiencies, Range Protocol brings deep experience from leading companies like Altonomy, Point72, Bybit, Certik and Citigroup. Its most recent $3.75M seed round was led by HashKey Capital and Nomad Capital.Range now expands into Skate, the universal application layer that empowers apps to run on 1000s of chains with one state. Skate was born with the realization of the limitations of the legacy on-chain trading infrastructure, which deploys repetitive blocks on every new chain. Underpinned by innovation, Skate delivers fast finality across all chains, secured by EigenLayer actively validated service (AVS), and acts as a single hub for all code deployments. Separating assets from pricing, Skate introduces the concept of a Universal Application Scope, where essential applications are developed collectively and maintained in a shared pool accessible to all chains — regardless of its underlying Virtual Machine environment. Solving for dApp/chain-liquidity fragmentation in a modular web3 landscape, Skate ensures foundational needs are met efficiently, allowing each chain to focus on creating unique, value-added services.For more information, please visit:Website: http://skatechain.org/Twitter/X: https://twitter.com/skate_chain ContactSkate / Range [email protected] article was originally published on Chainwire More

This expansion is supposed to improve capital efficiency for a wider range of Binance traders, particularly those employing sophisticated portfolio strategies without the requisite VIP status.The introduction of the new Portfolio Margin wallet marks a major milestone in how Binance users can manage their assets. By consolidating the USD-M Futures, COIN-M Futures, and Cross Margin wallets into a single unified wallet, Binance streamlines the process of collateral management to enable smooth portfolio adjustments and optimization. With Binance’s Portfolio Margin, traders can leverage a variety of assets from the combined futures and margin wallets as collateral. This is applicable for an extensive array of trading pairs, including 548 cross margin pairs, 281 USD-M Futures contracts, and 49 COIN-M Futures contracts, summing up to a total of 878 trading opportunities.“We are pleased to extend Portfolio Margin to eligible non-VIP users so they too, can make use of a broad range of supported collateral assets on Binance to enhance their trading strategies. The new combined Portfolio Margin Wallet reduces friction, and offers greater ease for asset management,” said Sherrine Tan, Product Marketing Lead at Binance.Portfolio Margin accounts employ a risk-based margin method that offers an integrated evaluation of a trader’s total market exposure, considering the unrealized Profit and Loss (PnL) across Futures and Cross Margin trading activities. This approach provides traders with greater flexibility in managing their portfolios, improved capital efficiency, more arbitrage opportunities, and a useful tool for controlling risk.Portfolio Margin supports the broadest range of collateral assets in the market, which can be simultaneously used across USD-M Futures, COIN-M Futures, and Cross Margin trading products. This feature maximizes capital efficiency by offering competitive collateral ratios. Moreover, the new feature enables the netting of unrealized PnL by balancing different positions across the three trading products. The integration into a single Portfolio Margin wallet simplifies the oversight and management of collateral assets and PnL. Finally, dedicated API endpoints for Portfolio Margin trading improves the trading experience across USD-M Futures, COIN-M Futures, and Cross Margin products. More