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- 🚨💚 SEASON 2 IS HERE 💚🚨
We are kickstarting a new season and doubling down on our job marketplace. It means revised contributor roles and new (BIGGER) bounties for our community members 📯🔥
During Season 1, we became one of the largest web3 professional communities with:
🚀 +60,000 builders in the community
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Season 2 will be all about continuing – and increasing! – the growth 🚀
Our goal is to make our job marketplace work as effectively as ever. We are calling new Referrers, Moderators, and Ambassadors to join the crew and help us with that – new contributor NFTs and updated rewards available 😉
To support your work, we have revised our bounties 🚨
Each accepted Referrer will earn $50 in USDC for every interview for selected jobs and $300 in USDC for every hire in those roles 📯 For onboarded Kleoverse Referrers only!
Season 2 will run between March - May 2023. New contributors are onboarded for this season only. Check out our docs for updated contributor playbooks and the latest info about all available opportunities 👉 https://form.typeform.com/to/Qzs8J1Ze
Join today 👇
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- It’s the beginning of a new era for the BNB Chain ecosystem, as the BNB Greenfield testnet, called “Congo,” has gone live. The decentralized smart storage network gives users control over their data and aims to provide the Web3 equivalent to Web2 cloud storage.
🚀1/ 🎉 Exciting news! BNB Greenfield Testnet is LIVE! 🧵https://t.co/O5BkyIKbHY
— BNB Chain (@BNBCHAIN) April 11, 2023
A BNB Chain Blog post confirms that the new Greenfield network will be powered by the BNB coin, giving it new utility.
“The BNB token's use will extend to large-scale data storage and trading, which will enhance its value over time,” according to the post.
As BSC News reported previously, BNB Chain is effectively inventing a new blockchain that will allow users and Decentralized Applications (dApps) the ability to store, access, and manage their data with personal keys and private accessibility.
The blog post states, "A native relayer links BSC and Greenfield, enabling BSC Dapps to integrate with Greenfield using a simple SDK and minimal development. Upon Greenfield mainnet launch, thousands of Dapp data sets will be available, fostering rapid ecosystem growth and easing data-related innovation compared to other chains."
According to BNB Chain, the defining characteristics of Greenfield are:
Data ownership
EVM compatibility by integration with BSC
High performance rich API/SDK.
BNB Chain has put out a call for testnet developers and announced that grants will soon be open for Greenfield grants.
Greenfield’s mainnet launch is scheduled for the third quarter of 2023.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
[BNB Greenfield Goes Live With ‘Congo’ Testnet](https://cryptonews.net/news/blokcheyn/20796820/)
New Utility for BNB Coin It’s the beginning of a new era for the BNB Chain ecosystem, as the BNB Greenfield testnet, called “Congo,” has gone live. The decentralized smart storage network
- The number of UAW engaged in games on Polygon increased by 53% compared to February, placing Polygon well ahead of Hive and BNB Chain, which ranked third and fourth, respectively, with 84,000 and 80,000 UAW. However, Wax remains the leader with 314,000 UAW.
Polygon has become increasingly popular as a scalability solution for Ethereum, as it aims to solve problems related to high gas fees and slow transaction times on the Ethereum network.
Using Polygon, developers can build and deploy decentralized applications (dApps) that offer faster and cheaper transactions, making them more accessible to users.
The rise of the blockchain game has been one of the most significant trends in the blockchain industry in recent years, as it provides a new and exciting way for users to interact with decentralized applications.
The ability to earn cryptocurrencies by playing has also made blockchain gaming more attractive to a wider audience.
Good increase in the number of UAWs engaging in gaming on Polygon testifies to the platform’s effectiveness as a scaling solution for Ethereum. By offering faster and cheaper transactions, developers can create more engaging and interactive games that attract more users.
In addition, Polygon has a strong community of developers who are constantly building new and innovative dApps on the platform. With the support of this community, Polygon is well positioned to continue its growth and become the platform of choice for blockchain games.
Chainlink collaborates on a unique charity art exhibition at NFT.NYC to capture the billion-dollar NFT market
Chainlink, the decentralized oracle network, has partnered with NFT.NYC to host a unique charity art exhibition to conquer this billion-dollar market.
The event will showcase the power of Chainlink’s decentralized oracle network in creating secure and tamper-proof NFTs that cannot be duplicated or counterfeited. The exhibition will feature artwork by some of the world’s most renowned artists, including Trevor Jones, Mad Dog Jones and Osinachi.
All proceeds from the sale of these artworks will be donated to various charitable causes, making this exhibition a noble cause for art lovers and collectors.
The event, to be held on 20 May 2023, will also feature talks by industry experts, including Chainlink founder Sergey Nazarov and NFT.NYC founder Aaron Dupree. The exhibition will offer attendees a unique opportunity to network and learn more about blockchain and NFTs.
Chainlink has been at the forefront of providing secure and reliable decentralized oracle services to the blockchain industry. Its oracle network ensures that smart contracts are executed accurately and efficiently, enabling the creation of tamper-proof NFTs.
Chainlink’s collaboration with NFT.NYC testifies to the potential of decentralized technologies in transforming traditional industries.
The art industry has traditionally been exclusive and dominated by a few wealthy individuals and institutions.
However, the emergence of NFTs has democratized the industry, enabling anyone to own and exchange digital art.
The charity art exhibition organized by Chainlink and NFT.NYC aims to make art accessible to a wider audience and give back to society.
The event is expected to attract art collectors, investors and enthusiasts from around the world. It will be an opportunity to view some of the most unique and rare digital artworks while contributing to a good cause.
Thanks to Chainlink’s secure and reliable oracular network, attendees can be assured that the artworks on display are authentic and cannot be duplicated or counterfeited.
[Crypto analysis of MATIC, Elrond and Chainlink](https://cryptonews.net/news/analytics/20796616/)
We continue our analysis of the crypto world with regard to news and prices, today in particular we will analyze three very interesting projects, Polygon (MATIC), Chainlink (LINK) and
- As Ethereum finalizes its transition to a proof-of-stake (PoS) consensus mechanism with the upcoming Shapella fork, approximately $34 billion of locked, staked Ethereum (ETH) will become available for withdrawal by validators. The imminent unlock has led to speculation about the potential impact on the cryptocurrency market, especially considering that much of the locked volume is already liquid due to staking liquidity providers.
Staking liquidity providers have been issuing liquid tokens in exchange for locking Ethereum in contracts, allowing investors to access and trade their staked assets without needing to wait for the unlocking event. This has created a situation where a significant portion of the locked, staked Ethereum is already circulating on the market, potentially reducing the immediate impact of the $34 billion unlock.
Ethereum is about to finalize its transition to proof of stake with the upcoming #Shapella fork. This will enable $ETH staked to be withdrawn by validators, allowing $34B of currently locked staked ETH to enter the market. How will the price react? pic.twitter.com/IyOm38kAdE
— IntoTheBlock (@intotheblock) April 10, 2023
However, it is still uncertain how the market will react to the unlocking event, as some investors may choose to sell their newly accessible Ethereum holdings, potentially putting downward pressure on the price. Others may decide to hold onto their Ethereum, anticipating further price appreciation as the network continues to evolve and improve with the transition to PoS.
The shift to a PoS consensus mechanism is expected to make Ethereum more energy-efficient, scalable and secure. This could result in increased demand for the cryptocurrency, as more developers and users are drawn to its improved capabilities. In the long term, the successful implementation of PoS could bolster Ethereum's position as the leading smart contract platform, driving further adoption and demand for the digital asset.
As more Ethereum is staked and withdrawn from contracts, the supply-demand dynamics could shift, potentially leading to an increase in the value of the asset.
[$34 Billion Ethereum (ETH) to Enter Market in 24 Hours](https://cryptonews.net/news/ethereum/20796505/)
As Ethereum finalizes its transition to a proof-of-stake (PoS) consensus mechanism with the upcoming Shapella fork, approximately $34 billion of locked, staked Ethereum (ETH) will become
- Russian politicians say they will debate a long-awaited crypto regulation bill before the end of the current parliamentary session.
The move is a suggestion that some parts of the crypto sector may finally move out of the regulatory grey area.
The media outlet News.ru reported that the State Duma (the Russian parliament) is set to hold a first reading for a “bill on the legalization of cryptocurrencies” in the (current) spring session.
The current session concludes at the end of July.
Anatoly Aksakov, the Chair of the State Duma Committee on the Financial Markets, was quoted as stating:
“I think that in the spring session, we will adopt a law, for sure at least in the first reading. It will focus on the legalization of the use of cryptocurrencies for [overseas] payments and [overseas] financial transactions. We have agreed with the Central Bank and the government that this must be done.”
The nation’s Central Bank wants to ban all forms of crypto-related activity.
It has indicated, however, that it may be prepared to allow Russian firms to do international trade in crypto.
Doing so would allow trading firms to evade Western sanctions placed on Russian companies following the outbreak of war with Ukraine last year.
But it will only countenance the move if traders swap their coins for fiat on trading platforms.
Will Russian Crypto Law Held Create a ‘State-run Crypto Exchange?’
Some politicians have claimed that Moscow should create a state-run crypto exchange for the purpose of aiding importers and exporters.
Aksakov opined that the “legalization” of the use of crypto in trade deals would “allow the country to pay for imported goods and carry out other operations” using tokens.
Aksakov added:
“I believe it is better to legalize such infrastructure [by launching a state-run crypto exchange]. But the Central Bank has a different opinion on this matter. The position of the Ministry of Finance is much closer to mine. This is a matter for discussion.”
Crypto trading and mining are currently neither legal nor illegal in Russia.
Instead, they have no legal status, and are not subject to taxation.
Last week, the Central Bank revealed that Russian households are now spending more on crypto than they do on gold and other precious metals.
[Russian MPs to Debate Crypto Law in Coming Weeks – Is Regulation Finally on Its Way?](https://cryptonews.net/news/legal/20796625/)
Russian politicians say they will debate a long-awaited crypto regulation bill before the end of the current parliamentary session. The move is a suggestion that some parts of the crypto
- After the flagship cryptocurrency, Bitcoin, surged above the $30,000 level earlier today, various experts have been sharing their takes, saying that BTC is on track to rise higher.
In the meantime, whales have begun shifting massive amounts of Bitcoin, and some are moving BTC to exchanges to lock in big profits.
Bitcoin still on course for $34,000, analyst believes
Crypto trader and analyst Ali Martinez has tweeted that his earlier prediction of Bitcoin's price rising continues to play out thanks to the bullish megaphone pattern. It forms on a chart after a series of higher highs and lower lows that, if a line is drawn along the upper and lower borders of the picture, looks like a megaphone.
Last week, Martinez stated that thanks to this pattern, Bitcoin is in for a bullish weekend. Now, the price has broken above the $30,000 level for the first time in the past 10 days. The analyst added in the tweet that "the bullish megaphone pattern continues to dictate $BTC's trajectory."
#Bitcoin remains on course for $34,000 as the bullish megaphone pattern continues to dictate $BTC's trajectory! 🐂 https://t.co/QzPPhpmtCh pic.twitter.com/00fK5etnpN
— Ali (@ali_charts) April 11, 2023
Bitcoin "34k -> 30k -> 42k"
In a recent exchange of comments with crypto influencer and founder of Gokhshtein Media David Gokhshtein, the co-founder of King Finance @OfficialTravlad shared his take on the next move of the Bitcoin price.
He said that he believes Bitcoin is going to keep rising toward $34,000, then he expects a bounce back to the $30,000 level. After this, according to his comment, he expects BTC to top the $42,000 mark.
I think 34k -> 30k -> 42k
— Travladd Crypto (@OfficialTravlad) April 11, 2023
Yesterday, Gokhshtein grabbed the community's attention as BTC was coming close to $30,000, but he said he was expecting a pullback before this price mark. His expectations did not come true.
At the time of this writing, digital gold is trading at $30,129, according to CoinMarketCap data, after a rise of 6.31% over the past 24 hours.
$655 million in Bitcoin moved
Santiment on-chain data vendor has spotted 11 enormous transactions, carrying roughly 2,000 BTC. In total, they moved 22,000 Bitcoins worth $655 million. These whales became active after Bitcoin surpasses the $30,000 mark.
The transactions were consecutive, occurring at short intervals. Another whale, or possibly one of the aforementioned ones — there is no any specification regarding that — sent 2,000 Bitcoins from their wallet to a Binance address, likely to sell this crypto and withdraw profits.
Besides, Bitcoin is currently a top four trending coin in crypto on social media platforms.
[Bitcoin (BTC) on Course for $34,000, Thanks to This Bullish Pattern: Analyst](https://cryptonews.net/news/bitcoin/20795935/)
After the flagship cryptocurrency, Bitcoin, surged above the $30,000 level earlier today, various experts have been sharing their takes, saying that BTC is on track to rise higher.
- Real Vision CEO Raoul Pal thinks Ethereum (ETH) competitor Solana (SOL) could mirror the top altcoin’s meteoric rise in price between 2018 and 2021.
In a blog post originally published for his clients in January, the former Goldman Sachs executive laid out his prediction for SOL’s long-term future.
According to Pal, SOL’s downtrend last year and its recent recovery are reminiscent of Ethereum’s performance over a three-year period.
Raoul Pal says that in 2018, Ethereum completed a five-wave downtrend before rising to its all-time high of $4,742 in November 2021.
“With SOL, I think we are seeing a repeat of ETH in 2018: a 5-wave fall of 95%. Here is ETH (it rose 46x from the low in 2018 to the high in [2021]!)”

Source: Raoul Pal/Real Vision
Looking at Solana, Pal believes that SOL has also completed a five-wave downtrend and now appears poised for a burst to the upside.
“Here is SOL…”

Source: Raoul Pal/Real Vision
SOL is trading at $21.15 at time of writing. The 11th-ranked crypto asset by market cap is up 4.70% in the past 24 hours.
Meanwhile, ETH is trading at null,933 at time of writing and is up nearly 4% in the past 24 hours.
Last month, the macro guru argued Ethereum’s technicals and fundamentals suggested it could massively outperform Bitcoin (BTC) in the coming cycle.
Pal believes that the leading smart contract platform’s total addressable market is much larger than Bitcoin’s.
“Ethereum is a broader basis architectural protocol of which we can build more stuff on top of. Bitcoin just doesn’t do that. It has a different use case. So it’s unlikely to be as big.
Is the internet worth more than gold? Yes, simple as that, and that’s basically the argument here.”
[Former Goldman Executive Says Ethereum Competitor Primed To Repeat ETH’s Epic 2018 Rally](https://cryptonews.net/news/analytics/20795938/)
Real Vision CEO Raoul Pal thinks Ethereum (ETH) competitor Solana (SOL) could mirror the top altcoin’s meteoric rise in price between 2018 and 2021. In a blog post originally published
- After the flagship cryptocurrency, Bitcoin, surged above the $30,000 level earlier today, various experts have been sharing their takes, saying that BTC is on track to rise higher.
In the meantime, whales have begun shifting massive amounts of Bitcoin, and some are moving BTC to exchanges to lock in big profits.
Bitcoin still on course for $34,000, analyst believes
Crypto trader and analyst Ali Martinez has tweeted that his earlier prediction of Bitcoin's price rising continues to play out thanks to the bullish megaphone pattern. It forms on a chart after a series of higher highs and lower lows that, if a line is drawn along the upper and lower borders of the picture, looks like a megaphone.
Last week, Martinez stated that thanks to this pattern, Bitcoin is in for a bullish weekend. Now, the price has broken above the $30,000 level for the first time in the past 10 days. The analyst added in the tweet that "the bullish megaphone pattern continues to dictate $BTC's trajectory."
#Bitcoin remains on course for $34,000 as the bullish megaphone pattern continues to dictate $BTC's trajectory! 🐂 https://t.co/QzPPhpmtCh pic.twitter.com/00fK5etnpN
— Ali (@ali_charts) April 11, 2023
Bitcoin "34k -> 30k -> 42k"
In a recent exchange of comments with crypto influencer and founder of Gokhshtein Media David Gokhshtein, the co-founder of King Finance @OfficialTravlad shared his take on the next move of the Bitcoin price.
He said that he believes Bitcoin is going to keep rising toward $34,000, then he expects a bounce back to the $30,000 level. After this, according to his comment, he expects BTC to top the $42,000 mark.
I think 34k -> 30k -> 42k
— Travladd Crypto (@OfficialTravlad) April 11, 2023
Yesterday, Gokhshtein grabbed the community's attention as BTC was coming close to $30,000, but he said he was expecting a pullback before this price mark. His expectations did not come true.
At the time of this writing, digital gold is trading at $30,129, according to CoinMarketCap data, after a rise of 6.31% over the past 24 hours.
$655 million in Bitcoin moved
Santiment on-chain data vendor has spotted 11 enormous transactions, carrying roughly 2,000 BTC. In total, they moved 22,000 Bitcoins worth $655 million. These whales became active after Bitcoin surpasses the $30,000 mark.
The transactions were consecutive, occurring at short intervals. Another whale, or possibly one of the aforementioned ones — there is no any specification regarding that — sent 2,000 Bitcoins from their wallet to a Binance address, likely to sell this crypto and withdraw profits.
Besides, Bitcoin is currently a top four trending coin in crypto on social media platforms.
[Bitcoin (BTC) on Course for $34,000, Thanks to This Bullish Pattern: Analyst](https://cryptonews.net/news/bitcoin/20795935/)
After the flagship cryptocurrency, Bitcoin, surged above the $30,000 level earlier today, various experts have been sharing their takes, saying that BTC is on track to rise higher.
- Ethereum's highly anticipated Shanghai upgrade, also called the Shanghai-Capella hard fork, is set to occur Wednesday, after which users will have access to the $31 billion worth of ether (ETH) staked in the blockchain since December 2020.
The upgrade has been widely hailed as long-term bullish for Ethereum's native token. Still, bitcoin (BTC), not ether, is outperforming the broader crypto market and becoming more dominant as the upgrade approaches.
Bitcoin's dominance rate, which measures the largest cryptocurrency's share of total market valuation, rose to 48.5% early Tuesday, the highest since July 2021, according to data tracked by charting platform TradingView. The metric has risen by 15% this year.
Ether's dominance rate remains stagnant between 19% and 20%. That compares with a rise to 21% from 14% in the weeks before September's pivotal upgrade known as the Merge. That technological overhaul replaced Ethereum's at-the-time energy-intensive proof-of-work mechanism of verifying transactions with a proof-of-stake system and set the stage for Shanghai. Staking involves depositing coins in the blockchain to boost the network's security and verify transactions in return for rewards.
Investor caution in pricing ether ahead of Shanghai stems from several factors, including concerns tokens unlocked after the upgrade will flood the market, and regulatory issues.
"The Shanghai upgrade will unlock over 18 million ether staked since late 2020. The market is worried that the unlocking may bring about a sell-off, causing uncertainty in the market," Griffin Ardern, a volatility trader at crypto asset management firm Blofin, told CoinDesk.
While the upgrade will unlock over 18 million ETH, only partial withdrawals of 1.1 million ETH – the coins earned as staking rewards – will be withdrawable immediately.
Analysts have recently said that the partial withdrawals will take several days to process and the resulting selling pressure is unlikely to be significant.
"If all partial withdrawals are attempted just after the Shapella fork (which seems highly improbable), it would take around four and a half days for these ETH profits to enter the market," Lucas Outumuro, head of research at IntoTheBlock, said in a note published Friday.
According to Outumuro, full withdrawals representing most of the ETH staked will take longer.
"It would take approximately 100 days for one-third of validators to exit if they all attempt to exit simultaneously, translating into $80-$100M worth of ETH being withdrawn per day. This would make up about 1% of ETH’s daily trading volume, though it is unlikely that all withdrawals will be sold," Outumuro noted.
The market, however, is not convinced, as evident from ether's underperformance relative to bitcoin and ether put options, or bearish bets, drawing higher prices than call options.
Regulatory concerns are probably also weighing on investors. In February, the U.S. Securities and Exchange Commission (SEC) alleged that Ethereum staking services offered by centralized exchanges amount to selling unregistered securities in the U.S.
"ETH faces relatively higher regulatory risks. The SEC has repeatedly stated that ETH is a security rather than a commodity, which differs from the CFTC's opinion and means additional risk, so investors understandably prefer BTC," Ardern said. The CFTC is the agency governing the futures market.
Lastly, recent banking sector instability in the U.S. and the resulting sharp repricing of interest-rate expectations lower worldwide has benefited bitcoin. The cryptocurrency has evolved as a macro asset in the past three years and has a history of drawing haven bids during banking crises.
"BTC got the store-of-value narrative back after multiple U.S. banks failed in mid-March. Since then, BTC's dominance rate has been rising," Dubai-based crypto analyst and trader Reetika Malik said. Dominance rate is now at a "multiyear resistance" that has capped the upside in the past, meaning ether and other coins could soon outshine bitcoin, per Malik.
"By being concerned, the market is actually 'pricing in' already any selling pressure that we are likely to get from the Shanghai hard fork and the upgrade could actually become a 'buy the news' event," Malik said. "BTC dominance chart is at a multiyear resistance as well as we speak. All the stars are aligning for a rotation into ETH."
[Bitcoin, Not Ether, Builds Crypto Market Dominance Ahead of Ethereum's Shanghai Upgrade](https://cryptonews.net/news/analytics/20796091/)
Ethereum's highly anticipated Shanghai upgrade, also called the Shanghai-Capella hard fork, is set to occur Wednesday, after which users will have access to the $31 billion worth of
- Seoul Southern District Prosecutors’ Office is freezing 7.1 billion Korean won (US$5.36 million) worth of assets belonging to Terraform Labs chief executive officer (CEO) Kwon Do-hyung, more popularly known as Do Kwon, a spokesperson for the prosecutors’ office told Forkast Tuesday in a text message.
See related article: Montenegro to hold Terra-Luna fugitive Do Kwon for 30 days, says Yonhap News
Fast facts
A Seoul court is reviewing Kwon’s domestic and overseas-based assets for restitution, the Seoul prosecutors’ office spokesperson said.
The Seoul Southern District Prosecutors’ Office previously confirmed with Forkast Friday that Kwon had “zero” identifiable assets to be confiscated in South Korea. The spokesperson declined to comment on how much Kwon’s assets in South Korea accounted for in the 7.1 billion won.
When approved by court, South Korea is expected to prevent Kwon from moving or selling the identified assets. The amount will be confiscated after a final guilty verdict from the court.
The assets include Kwon’s deposits in overseas accounts including one based in Switzerland, where Seoul prosecutors are requesting judicial cooperation, according to a report from South Korean news agency News1 that the prosecutors’ office confirmed with Forkast.
Legal procedures to obtain Kwon’s laptops, hard disks and other Terraform-related equipment are also underway, according to the News1 report verified by the Prosecutors’ Office.
South Korea and the U.S. have sent the Montenegro authorities requests to extradite Kwon on charges including fraud and securities law violations. Kwon and Terraform Labs have repeatedly said the charges are baseless and politically motivated.
Kwon is currently detained in Montenegro for allegedly traveling with forged travel documents, along with Terraform’s chief financial officer Han Chang-joon. They were arrested in a local airport on March 23.
[South Korean prosecutors to freeze US$5.36 million of Do Kwon’s assets, some in Switzerland](https://cryptonews.net/news/legal/20796238/)
Seoul Southern District Prosecutors’ Office is freezing 7.1 billion Korean won (US million) worth of assets belonging to Terraform Labs chief executive officer (CEO) Kwon Do-hyung,
- As reported by Fortune, the company is led by Lilita Infante, a former special agent with the Department of Justice who created the first-ever federal task force focused on cryptocurrency. Infante saw an opportunity in the market for cryptocurrency asset recovery and decided to create her own company.
CAT Labs is launching with eight full-time employees and five contractors and has two verticals. The first is tailored toward government clients to help them recover cryptocurrency assets from digital evidence, such as hackers’ computers or phones. The second is crypto-focused cybersecurity for the private sector to prevent digital asset theft and secure infrastructure architecture.
The company will combine on-chain and off-chain recovery tools, providing complementary services to customers. Other founding team members include Uri Stav, the former chief security and development officer of the Digital Currency Group, and John Hays, the former DOJ lead in forensic digital asset recovery. One early client for CAT Labs has been Rand Labs, the blockchain development firm focused on Algorand. CAT Labs was part of the incident response team for a recent exploit of the Algorand wallet provider MyAlgo.
CAT Labs is addressing a growing demand for cryptocurrency asset recovery and cybersecurity. Infante’s past experience in the DOJ and success in taking down criminal networks gives CAT Labs a competitive edge. The company’s two verticals, which are tailored toward government clients and the private sector, make it a versatile option in the market. By combining on-chain and off-chain recovery tools, CAT Labs provides complementary services that set it apart from other data software solutions.
The company’s early partnership with Rand Labs demonstrates its potential for growth and success in the future. Overall, CAT Labs’ launch is an exciting development for the cryptocurrency industry, providing much-needed solutions for digital asset recovery and cybersecurity.
[DOJ Special Agent Launches Crypto Crime-Fighting Startup With $4.3M Funding](https://cryptonews.net/news/other/20796001/)
As reported by Fortune, the company is led by Lilita Infante, a former special agent with the Department of Justice who created the first-ever federal task force focused on cryptocurrency.
- The details of the Shiba Inu partnership remain a mystery as of press time, but speculations of an NFT collaboration have emerged.
The Shiba Inu ecosystem and PawZone will be partnering with legendary American musician Scott Page aimed at launching a range of undisclosed NFT-based projects in the foreseeable future.
JD, a prominent Shiba Inu community member and founder of PawZone, recently shared the disclosure from Page in a video clip. In the 30-second clip, Page is observed gleefully addressing JD and the Shiba Inu community on a forthcoming collaboration with the SHIB ecosystem and PawZone.
“…We are going to be working together on the best NFT platform on Shiba Inu. Just wait”
#SHIBARMY here’s a message by Scott Page from Pink Floyd!
Pink Floyd x #Pawzaar 🤝 pic.twitter.com/xmNjw2eNtZ
— JD’s Updates (@jds_updates) April 10, 2023
Speaking at a recent space exploration event, the 69-year-old musician revealed his anticipation for future collaborations with JD, despite the latter’s absence. ShibaZam, a prominent member of the SHIB community, was present at the event and confirmed that the PawZone team and Scott Page would be collaborating on an upcoming NFT project.
Following the disclosure, remarks suggesting that the shoutout was a paid advertisement emerged. To clarify these speculations, JD confirmed that Page was not paid a dime, emphasizing that they have talked with the legendary musician about future collaborations.
For your information ShibArmy, he did not get paid and we have been in talks to collaborate already
— JD’s Updates (@jds_updates) April 10, 2023
ShibaZam further echoed this confirmation, noting that education, community, and growth were the major motivations for Page and not money.
@jds_updates is correct #Shibarmy paid @iamscottpage no money, the money is not a motivator for Scott his motivation is community, education and growth. Scott was paid with the love and trust from #SHIBARMY and #ShibariumProjects within our ecosystem! Let’s grow! pic.twitter.com/7xh04v7VcI
— ShibaZam (@Ortiz6Mil) April 10, 2023
The full nature of the future partnership remains a mystery as of press time, but speculations of an NFT collaboration have emerged. The PawZone ecosystem features Pawzaar, a native NFT marketplace on Shibarium looking to host unique collections on the network. The marketplace also teased a forthcoming partnership with famous sculptor Jack Storms.
Scott Page’s Interest in Shiba Inu
Scott Page’s fascination with Web3 technology led him to create an innovative art platform called Think:NFT. ShibaZam revealed that PawZone would be collaborating with Page’s platform in an integration expected to surpass the prominence of OpenSea, one of the world’s largest NFT marketplaces.
@iamscottpage has been working so hard the last few years to turn web3 into the mecha of commerce and entertainment and has developed a state of the art platform, application (@jds_updates) @PawZoneOfficial own platform and his integration will make open sea look like a child’s… pic.twitter.com/otzpkTfduC
— ShibaZam (@Ortiz6Mil) April 10, 2023
ShibaZam’s disclosures came up in a chronicle of his experience at the space exploration event, featuring Page, who showed a sincere interest in the Shiba Inu ecosystem. In one of the clips, the musician was seen making payments in Shiba Inu.
[Shiba Inu to Partner with Legendary Musician Scott Page](https://cryptonews.net/news/altcoins/20796070/)
The details of the Shiba Inu partnership remain a mystery as of press time, but speculations of an NFT collaboration have emerged. The Shiba Inu ecosystem and PawZone will be partnering
- Angel Studios’ Tuttle Twins, which kicked off its second season in March, is in the news for an episode featuring Bitcoin.
Executive producer Connor Boyack, and the author of the Tuttle Twins books, took to Twitter to call the episode the “first kids cartoon teaching about Bitcoin!”
Bitcoin and the Beast
On May 2, the third episode of the Tuttle Twins television series will air. The episode is titled ‘Bitcoin and the Beast.’ It dives into the debate on if Bitcoin surpasses traditional payment methods or is merely ‘made up money.’
Elon Musk is also parodied in the program trailer with Shiba Inu dogs.
The show is known to incorporate political, social, and religious themes into its episodes. For example, one of the episodes introduces Gandhi’s nonviolent philosophy. The episode features the “principles of Hinduism and the teachings of Jesus.”
Another episode of the show discusses capitalism and the ‘true meaning’ of free markets.
The website introduces the idea of free markets while simultaneously posing the question of whether children today are being “brainwashed.” Tuttle Twins was referred to as “ring-wing children’s entertainment” in a CNN opinion piece. The article made claims that the program champions conservative leaders while defending kids from “socialism, Marxism, collectivism, and media lies.”

The Tuttle Twins’ website landing page
As a popular sermon among conservative parents, the website notes,
“Our books recognize that the world is full of companies, people, and politicians who want to expose your children to ideas you do not support.”
The Tuttle Twins website claims to have sold 4 million copies of its books.
OTT Releases Amid Digital Asset’s Legislative Fight
Sherrod Brown and Elizabeth Warren, both Democratic senators, have frequently emphasized that the Bitcoin industry was created to cover up participation in illicit conduct.
On the other hand, Republican Senator Bill Hagerty has criticized the aggressive enforcement against crypto firms without defining legal requirements. Meanwhile, Congressman Tom Emmer has been advancing cryptocurrency interests by promoting proposals favorable to the sector.
Bitcoin has also recently started appearing in many television shows and movies.
Trust No One: The Hunt for the Crypto King, a 2022 Netflix film, sought to shed light on the mysterious passing of cryptocurrency mogul Gerald Cotten.
Dope was the first movie to offer Bitcoin ticket sales back in 2015. Malcolm, a character in the film, talks about how “money as we know it is dead.” He says soon the “world is only going to buy and sell products using Bitcoin,” describing it as complicated math equations.
Meanwhile, content on the broader subject of digital money and virtual currencies dominates OTT platforms.
[This Kids’ Cartoon Features Bitcoin Education, But Are There Political Undertones?](https://cryptonews.net/news/bitcoin/20796382/)
Angel Studios’ Tuttle Twins, which kicked off its second season in March, is in the news for an episode featuring Bitcoin. Executive producer Connor Boyack, and the author of the Tuttle
- 
BTC/USD 4-hour price chart, source: TradingView
The hourly Bollinger bands are expanding, indicating a period of high volatility. The upper Bollinger band is seen at $30111, and the lower Bollinger band is seen at $26,998, indicating that the tokens are trading in a tight range. The Relative Strength Index (RSI) is seen at the overbought region with an RSI score of 82.17, and buyers are in control as Bitcoin undergoes more bullish action. The hourly moving average indicator is seen at $29,176, and a break above this level could see the tokens reach further highs.
Bitcoin price analysis conclusion
In conclusion, Bitcoin price analysis shows that BTC/USD is continuing its bull run and has broken through the key level of $30K, which is the highest level since June 2022. The market appears to be consolidating its gains but could push higher if bullish momentum continues. Technical indicators are showing that BTC/USD is in a strong uptrend and could reach new highs if the bulls can break through the resistance level at $30,160.
While waiting for Bitcoin to move further, see our Price Predictions on XDC, Polkadot, and Curve
[Bitcoin price analysis: BTC Reaches $30K, Marking the Highest Price Point Since June of 2022](https://cryptonews.net/news/bitcoin/20796304/)
The most recent Bitcoin price analysis has seen a strong buying surge which indicates the bullish strength of the coin. The past few weeks have seen Bitcoin consolidate at around $28,000
- m
Bank walks are a new liquidity movement phenomenon identified by analysts, characterized by a slow drift of deposits to take advantage of better yield opportunities. Such “walks” might prove to be pernicious to the banking system, as they cannot be stopped and have effects on credit availability.
What Are ‘Bank Walks’?
Bank walks, so called by analysts due to their slow action when compared to bank runs, are slow movements of deposits caused by the constant search for higher yields. According to an ongoing study titled “Destabilizing Digital Bank Walks,” they “cannot be stopped by any deposit insurance and that will undermine the stability of the banking system in the months to come.”
The study remarks that regulators often consider deposits as sticky, meaning they are composed of the savings of depositors, and don’t move often. This means that banks can put part of these deposits into treasuries of a determined maturity. However, the study found that these deposits, as a consequence of digital banking, are not so sticky as they were once considered, and can move around the financial system freely.
This exposes banks to losses derived from the sale of treasuries and other instruments before their maturity, and banks can only absorb so much of the losses before defaulting.
Alleged Negative Effect on Credit
Subsequently, bank walks are said to have a negative effect on the availability of credit. The slow siphoning of funds to higher yield alternatives such as money market funds operating the U.S. Federal Reserve reverse repo, could lead to a credit crunch. There are currently more than $2 trillion in funds that are part of this facility, which was created back in 2013.
According to Jim Bianco, president of Bianco Research, a market analysis firm, the United State Fed’s upcoming interest rate decision could be decisive in the further development of a “bank powerwalk.” On April 9, he stated:
If the Fed decides to raise rates again, next month, money market funds will soon be advertising yields with a five handle. That will turn the bank walk into a ‘bank powerwalk.’
Bianco added that this outflow of deposits is likely to affect small companies that employ the majority of the workforce of the country, which are served best by small and medium-size banks.
[Explaining 'Bank Walks' — Study Assesses How They Might Affect Credit](https://cryptonews.net/news/finance/20796214/)
Bank walks are a new liquidity movement phenomenon identified by analysts, characterized by a slow drift of deposits to take advantage of better yield opportunities. Such “walks” might
- Indonesia’s biggest cryptocurrency exchange, Indodax, listed Floki Inu (FLOKI).
Indonesia’s largest digital asset exchange, Indodax, has added support for Floki Inu (FLOKI) on its platform. As per the announcement, users can make Floki Inu deposits with the BEP20 network from April 12th at 14:00, with trading commencing on April 13th at 14:00.
We are pleased to announce a new Crypto Asset that will be added to the INDODAX marketplace, FLOKI (FLOKI) @RealFlokiInu
For more information https://t.co/AYUjdyjJvd #INDODAX #AsetMasaDepan pic.twitter.com/1NkGHqVMPj
— indodax (@indodax) April 11, 2023
In addition to Floki Inu, Indodax will also add support for two other digital assets, Giant Mammoth (GMMT) and Alchemy Pay (ACH).
Indodax, formerly known as Bitcoin Indonesia, has been operational since 2014 and has a user base of 5.7 million. The exchange offers a broad range of digital assets for trading, including Bitcoin and Ethereum. It has a daily trade volume of $9.93 million, ranking it the 69th top-spot exchange on CoinMarketCap.
Floki Inu, in particular, has seen a boost in its price following the announcement. The cryptocurrency is trading at $0.00003504, up 2.53% over the past day, with a 24-hour trading volume of $15,447,111 ($15.44M). In addition to Indodax, one of the world’s oldest cryptocurrency exchanges, HitBTC, has also added support for Floki Inu recently.
To further expand the Floki brand’s reach, the project has partnered with DEXTools, one of the world’s leading decentralized token data analytics platforms, to reach over 140 million cryptocurrency users globally.
Floki Inu was also one of the most viewed metaverse projects in Coinmarketcap Q1, 2023 report.
$FLOKI was the most viewed #metaverse project in all of crypto in Q1, 2023 according to industry leading crypto data platform @CoinMarketCap.#Floki had a massive 36.44% of ALL views in the metaverse category – more than $GALA, $AXS, $APE, and $MANA:https://t.co/oazu0yJvrw pic.twitter.com/BzTvo4OzLu
— FLOKI (@RealFlokiInu) April 4, 2023
Additionally, PIP integrated FLOKI to allow its users to send and receive Floki on Twitter, Discord, Reddit, Twitch, and other social networks.
#FLOKI adoption continues!
The PIP integration of $FLOKI allows users to send and receive #Floki on Twitter, Discord, Reddit, Twitch, and other social networks — further enhancing the utility of the $FLOKI token.
More details on how it works in the thread below 👇👇 https://t.co/cUYZQCZ0oq
— FLOKI (@RealFlokiInu) April 7, 2023
FCF Pay also expressed there excitement in working with FLOKI.
🤝 We are immensely proud to announce phase 1 of our collaboration with @RealFlokiInu
It has been a pleasure working with the team and we're super excited to continue taking crypto mainstream together.
For any questions, please join our Telegram group:https://t.co/nimJYed6fi… https://t.co/XEhfDH48wo
— FCF PAY – Blockchain Payment System (@fcfpay) April 4, 2023
[Indonesia Biggest Crypto Exchange Lists Floki Inu](https://cryptonews.net/news/market/20796139/)
Indonesia’s biggest cryptocurrency exchange, Indodax, listed Floki Inu (FLOKI). Indonesia’s largest digital asset exchange, Indodax, has added support for Floki Inu (FLOKI) on its platform.
- As Bitcoin (BTC) climbed above $30,000 for the first time since June 2022 and Ethereum (ETH) continued to record gains in April, closing in on $2,000, investors are now turning to altcoins such as Cardano (ADA) in hopes cryptocurrencies keep outpacing other major asset classes amid expectations that central banks will pause rate hikes.
In this context, the machine learning-based algorithms over at the crypto price tracking and forecast platform PricePredictions have set the price of Cardano’s token at $0.42 by April 30, 2023, according to the most recent data retrieved by Finbold on April 11.

Using technical analysis (TA) indicators like moving averages (MA), moving average convergence divergence (MACD), Bollinger Bands (BB), and relative strength index (RSI), the algorithms project an increase of 3.6% compared to ADA’s price at the time of publication.
Cardano price analysis
Meanwhile, Cardano was at press time changing hands at the price of $0.41, recording a rise of 5% on the day, according to the charts.

The sentiment on the one-day gauges over at the finance and crypto analytics platform TradingView is extremely bullish for Cardano and suggests a ‘strong buy’ at 17, as summarized from the oscillators standing in the ‘buy’ zone at 3, and MAs pointing to a sell at ‘strong buy’ at 14.

Notably, Finbold reported on April 10 that Cardano whales (large holders) have been engaging heavily in the market over the past two weeks.
These whales have acquired a total of 560 million ADA tokens, amounting to a $218.4 million in value. This trend suggests that Cardano is becoming increasingly attractive to institutional investors and high net worth individuals.
[Machine learning algorithm sets Cardano price for April 30, 2023](https://cryptonews.net/news/analytics/20796226/)
As Bitcoin (BTC) climbed above $30,000 for the first time since June 2022 and Ethereum (ETH) continued to record gains in April, closing in on $2,000, investors are now turning to altcoins
- As Bitcoin (BTC) climbed above $30,000 for the first time since June 2022 and Ethereum (ETH) continued to record gains in April, closing in on $2,000, investors are now turning to altcoins such as Cardano (ADA) in hopes cryptocurrencies keep outpacing other major asset classes amid expectations that central banks will pause rate hikes.
In this context, the machine learning-based algorithms over at the crypto price tracking and forecast platform PricePredictions have set the price of Cardano’s token at $0.42 by April 30, 2023, according to the most recent data retrieved by Finbold on April 11.

Using technical analysis (TA) indicators like moving averages (MA), moving average convergence divergence (MACD), Bollinger Bands (BB), and relative strength index (RSI), the algorithms project an increase of 3.6% compared to ADA’s price at the time of publication.
Cardano price analysis
Meanwhile, Cardano was at press time changing hands at the price of $0.41, recording a rise of 5% on the day, according to the charts.

The sentiment on the one-day gauges over at the finance and crypto analytics platform TradingView is extremely bullish for Cardano and suggests a ‘strong buy’ at 17, as summarized from the oscillators standing in the ‘buy’ zone at 3, and MAs pointing to a sell at ‘strong buy’ at 14.

Notably, Finbold reported on April 10 that Cardano whales (large holders) have been engaging heavily in the market over the past two weeks.
These whales have acquired a total of 560 million ADA tokens, amounting to a $218.4 million in value. This trend suggests that Cardano is becoming increasingly attractive to institutional investors and high net worth individuals.
[Machine learning algorithm sets Cardano price for April 30, 2023](https://cryptonews.net/news/analytics/20796226/)
As Bitcoin (BTC) climbed above $30,000 for the first time since June 2022 and Ethereum (ETH) continued to record gains in April, closing in on $2,000, investors are now turning to altcoins
- The Bitcoin price has risen above $30,000 for the first time since June 2022, continuing the uptrend that began earlier this year. After the price last struggled with resistance at $28,600 on the 1-day chart for over three weeks, the explosive breakout occurred yesterday while both traditional markets and gold remained flat.
However, as Bitcoinist reported in this week’s macro preview, tomorrow is the most important day of the week, if not the month. Wednesday, April 12, the US Consumer Price Index (CPI) for March will be released at 8:30 am EST.
A few hours later, at 2:00 pm EST, the Federal Open Market Committee (FOMC) Minutes will become public. The minutes could reveal more details about the Fed’s projections and considerations for its latest interest rate decision in March.
Both events are likely to cause heightened volatility and could be trend-setting for the Bitcoin price.
How To Trade Bitcoin Ahead Of CPI?
Analyst Ted (@tedtalksmacro) stated in a series of tweets that pre-release is probably a good time to think about de-risking. Still, he believes that the “true resistance is somewhere around $34k.” He reasons that traders are likely to pause on risk before the event.
In general, the CPI release creates the risk that a hot print could force a market-wide revaluation. In addition, new information or wording from the FOMC minutes could influence the market heavily.
“Overall an environment that is conducive to buying the dip, but don’t get caught over extended into the highs,” warns Ted, who also published an analysis on the Cleveland Fed’s prediction for tomorrow’s CPI inflation numbers.
Related Reading: Bitcoin Price Breaks Above $30K For First Time Since June 2022
The CPI prediction is for +5.22% on a year-over-year basis (YoY). In February, the figure was +5.99% for the headline number. For core inflation, the prediction is for +5.66% YoY (previously +5.53%). In general, Ted notes:
Headline projected to come down significantly versus prior, but core to remain elevated (Fed prefers core). Elevated core inflation will likely translate to speculation on another 25 bps hike in May.
According to the analyst, chances are good that actual CPI numbers will at least meet the Cleveland Fed’s expectations. Since April 2022, actual data have been at or below the Cleveland Fed’s prediction 73% of the time.
In addition, since September 2022, the Cleveland Fed has overestimated the core inflation index 100% of the time. “On this event forcing higher prices for risk assets; I’d think that the market wants to see core print lower than consensus and ideally, lower than the previous month (+5.53%),” Ted concludes.
Related Reading: Brace Yourself: The Most Explosive Move In Bitcoin In Years Has Begun
However, there are also warning signs that tomorrow’s CPI print could be hotter than expected. Risk assets like Bitcoin could be hit the hardest. Holger Zschaepitz, author and economic journalist, wrote via Twitter today:
Hedge Funds boost S&P shorts to decade high before CPI, earnings. Net short positions at levels not seen since 2011. Goldman’s clients cut tech longs at fastest pace in 15 months.

Michaël van de Poppe, technical analyst and founder of Eight Global predicts: “Probably consolidation is next, before we’ll see CPI tomorrow, which can make/break the momentum. Trend remains up for Bitcoin.”
At press time, the Bitcoin price was at $30,126, hovering around the $30,000 mark.

[How To Trade Bitcoin Ahead Of Tomorrow’s CPI Release? Analysts Weigh In](https://cryptonews.net/news/bitcoin/20796229/)
The Bitcoin price has risen above $30,000 for the first time since June 2022, continuing the uptrend that began earlier this year. After the price last struggled with resistance at
- The Solana (SOL) price risks a collapse if it fails to hold above the $20 horizontal support level, but could accelerate if it breaks out from a long-term resistance line.
SOL is the native token of the Solana blockchain, created by Anatoly Yakovenko. The SOL token price has fallen since reaching an all-time high of $259.90 in November 2021. The slope of the decrease is measured by a descending resistance line, which more recently rejected the price in March 2023. The price is in the process of breaking out from the line.
Besides the resistance line, SOL also trades below the long-term $27 resistance area. The area was validated during the yearly high of $27.12.
Finally, the weekly RSI trades below 50 and is decreasing. This is considered a bearish sign, indicating that the long-term trend is bearish. If a breakdown occurs, the next closest support area would be $12.70.

SOL/USDT Weekly Chart. Source: TradingView
Solana (SOL) Price Prediction for April – Collapse or Recovery?
The technical analysis from the daily time frame offers a mixed Solana price prediction for April. While the SOL price is above the $20 horizontal support area, it is the third time it has fallen to it while creating lower highs. This is considered a sign of weakness and could lead to a breakdown.
Previously, the SOL price broke down from a short-term ascending parallel channel. Since such channels usually contain corrective movements, the trend is likely bearish.
However, the price initiated an upward movement yesterday, creating the first higher low since the breakdown. Additionally, the daily RSI moved above 50.
If the movement since Feb. 20 is an A-B-C corrective structure, the SOL price could fall toward $12.13-$12.86. The target is found using the 0.786 Fib retracement support level (white) and giving waves A:C a 1:1 ratio (black). Since the area also coincides with the long-term $12.70 support area, it will likely act as the bottom.
On the other hand, an increase above the wave b high of $23.92 (red line) would indicate that the trend is bullish and an increase toward $27 is expected.

[Solana (SOL) Price Looks Ready to Move, but Which Direction Is It Headed?](https://cryptonews.net/news/analytics/20796385/)
The Solana (SOL) price risks a collapse if it fails to hold above the $20 horizontal support level, but could accelerate if it breaks out from a long-term resistance line. SOL is the
- Tether, the issuer behind the leading stablecoin USDT has blacklisted an address that drained Maximal Extractable Value (MEV) bots for $25 million last week.
The address in question exploited a bug in MEV-boost-relay to outsmart the MEV bots trying to execute a sandwich trade. Sandwiching occurs when one order is placed immediately before the trade and another immediately after it. In essence, the trader will front-run and back-run at the same time, sandwiching the original pending transaction in between.
In this case, the rouge validator address swooped in to back-run the MEV’s transaction, leading to losses of nearly $25 million in various digital assets, making it the largest MEV exploit to date. Etherscan has already flagged the address with a warning of its involvement in the exploit.

Rouge validator address. Source: Etherscan
The USDT address held about $3 million in USDT at the time of blacklisting and a total of $21 million in various other ERC-20 tokens.

Digital assets held in blacklisted validator address. Source: Etherscan
The blacklisting of the rouge validator address attracted some pushback from the community for its censorship approach. Arthur, an engineer at Kraken crypto exchange, called the blacklisting “bullshit” and reminded that MEV bots take advantage of traders as well, and the sandwich trade they were trying to execute was as nefarious as the draining of their funds.
“MEV bots take advantage of mfers and it's all good but someone does it to them and they get blacklisted?!”
Another on-chain sleuth who goes by the Twitter name ZachXBT said that the blacklisting by Tether could be a result of a court order. Cointelegraph reached out to Tether to confirm the same but didn’t get a response at press time.
Jaynti Kanani, the co-founder of Polygon called Tether’s action a “bad precedent,” while Fastlane Labs co-founder Jordan Hagan called it the “most concerning DeFi development of 2023.” He added that the main issue here is Tether’s willingness to block or unblock “large amounts based on activity in the consensus layer (beacon chain).”
This is the most concerning DeFi development of 2023.
The bot "victims" signed those transactions and sent them to the relay. They were executed.
The exploit wasnt in DeFi. Tether's block implies they have an opinion on eth's consensus / social layer.
Slippery slope... https://t.co/I4Lf2N6WtG
— Thogard (@ThogardPvP) April 11, 2023
MEV bots make more money by taking advantage of information about the transactions that are about to be executed. Most often, arbitrage is used to do this. (taking advantage of price differences between exchanges).
When an MEV bot notices that someone else is planning to purchase a coin, it positions itself to benefit from the slight price increase that its bid will probably bring about. Front-running the trade, the bot skips the queue and buys the currency for a tiny bit less. The bot then By cuts in front of the trade and purchases the cryptocurrency for a tiny bit less.
Related: Ethereum validator cashes in 689 ETH from MEV-Boost relay
The MEV bot's practices are often considered a form of invisible tax. Recently, a total of 27 Ethereum-based projects have joined hands to launch MEV Blocker. The aim of the MEV blocker is to minimize the amount of value extracted from traders,
[Tether blacklists validator address that drained MEV bots for $25M](https://cryptonews.net/news/security/20796361/)
Tether, the issuer behind the leading stablecoin USDT has blacklisted an address that drained Maximal Extractable Value (MEV) bots for $25 million last week.The address in question
- The Shiba Inu cryptocurrency, commonly known as SHIB, is experiencing significant pressure from bearish investors as IntoTheBlock reports the dominance of sellers in the past 24 hours. The volume of SHIB tokens sold exceeded the volume of purchases by 27.23 billion tokens, totaling 2.09 trillion.
The report revealed that there were 19 bear addresses that traded at least 1% of the total volume in the last 24 hours, while the bulls had 16. This has resulted in a rise in the number of large sellers to 128 in the last seven days, while the number of major buyers remains at 119.
A SHIB Hope
Despite this setback, there is hope for SHIB, as the altcoin season could help cryptocurrencies narrow the performance gap with Bitcoin. Altcoin season refers to a period in which alternative cryptocurrencies experience significant growth and outperform Bitcoin. This could lead to increased demand for SHIB and a potential rise in its value.

SHIB has now fallen 23.2% year-to-date against BTC. Meanwhile, Bitcoin's dominance is at one-year highs, 48.5%, and the last time the index crossed this zone was in July 2018. It can therefore be assumed that the crypto market will soon experience a redistribution of capital and money will move from expensive BTC to cheap altcoins like SHIB. The other two options are the first rise in Bitcoin dominance above 50% in five years or a major collapse of the entire market.
[SHIB Price Depressed Under Bear Attack: Is All Hope Lost for Shiba Inu?](https://cryptonews.net/news/analytics/20796352/)
The Shiba Inu cryptocurrency, commonly known as SHIB, is experiencing significant pressure from bearish investors as IntoTheBlock reports the dominance of sellers in the past 24 hours.
- Football fan tokens continue registering massive gains amid the bullish outlook dominant in the broader crypto markets. Consequently, the combined market capitalization of these tokens has recorded an impressive 8% gain in the past 24 hours, recently crossing the $370 million threshold.
Prominent price-tracking resource CoinGecko called public attention to the latest bullish campaign in a tweet today. At the time of the disclosure, the combined market cap of these tokens had surged by 9% in a 24-hour period.
Fan tokens are on the rise today, with its total market cap gaining over 9%!
Which fan token are you watching?
🥅: https://t.co/DUBqgoq1Ah pic.twitter.com/zzhbKLNpe0
— CoinGecko (@coingecko) April 11, 2023
Despite a recently-launched opposition from the bears, these tokens continue to sustain their respective rallies, with a few facing mild slowdown. The cumulative market cap of these tokens is up 8.5% in the past 24 hours, leading to a breakout above the $370 million threshold. Their valuation currently stands at $370.05 million at the time of writing.
You might also like: Binance re-launches fan token club for users
The 20 most significant fan tokens are all in the green in the past seven days, with OG Fan Token (OG) taking the lead, having appreciated by a massive 238.4% within the time frame. The asset garnered huge global attention with its sharp rally over the weekend. As previously reported, OG Fan Token surged by 414% from April 7 to April 8, climbing to a high of $14.88 before facing resistance.
In the 24-hour time frame, the Juventus Fan Token (JUV) is registering the largest percentage of gains, with a 47.1% surge. The Atlético Madrid Fan Token (ATM) and the AS Roma Fan Token (ASR) secure second and third positions, respectively, with respective gains of 27.4% and 26.1%.
Moreover, amid the impressive rally, social activity surrounding fan tokens remains on the rise, with a contribution from the bustling domestic leagues and the Champions League competition. JUV and OG Fan Token have seen the most significant increase in social engagements, currently sitting atop the trending list along with Manchester City Fan Token (CITY).
Football fan tokens are designed to give fans of football clubs unique access to exclusive content, rewards, and voting rights within the ecosystem of their favorite team. They help to bolster the bond between fans and their football clubs and bridge the world of football with blockchain technology.
[Fan tokens rally with 8% increase in combined market cap](https://cryptonews.net/news/altcoins/20796316/)
Football fan tokens continue registering massive gains amid the bullish outlook dominant in the broader crypto markets. Consequently, the combined market capitalization of these tokens
- Recently, the Chinese version of TikTok, Douyin, updated its app to display the current day’s prices, the highest and lowest prices, today’s opening price, and yesterday’s closing price for Bitcoin.
The Chinese version of tiktok "Douyin" with 600 million users has updated new functions. When users search for bitcoin, the current day, highest, lowest, today's opening, and yesterday's closing prices have appeared; and bitcoin is introduced as a virtual encrypted digital… pic.twitter.com/7t5uTD7TuW
— Wu Blockchain (@WuBlockchain) April 10, 2023
However, just one day later, the content of Bitcoin and other tokens could no longer be displayed due to relevant national regulations. The search result now warns users that unofficial virtual currencies do not have the same legal status as legal tender and advises them to invest carefully.

According to relevant national regulations, unofficial virtual currencies do not have the same legal status as legal tender. Please invest carefully.
Douyin displayed
Despite this setback, the move by Douyin to introduce Bitcoin as a virtual encrypted digital currency in the form of P2P shows the enthusiasm of Chinese society and private enterprises for cryptocurrencies. However, the Chinese government still strictly prohibits cryptocurrency, except for in Hong Kong.
While it is already possible to display price information for almost all major cryptocurrencies, the Chinese government may demand that this behavior stops. This is not the first time that the Chinese government has cracked down on the cryptocurrency industry. In 2017, the government banned Initial Coin Offerings (ICOs) and shut down local cryptocurrency exchanges.
The cryptocurrency industry in China has faced significant challenges due to government restrictions, but there are still many crypto enthusiasts in the country. It is unclear what the future holds for cryptocurrency in China, but the government’s stance remains firm for now.
Recently, Bitcoin reportedly rose above $30,000, achieving its highest level since June 2022, with a 24-hour increase of 4.9%. During the same period, the network saw $116 million in liquidations, with more than 90% short orders.

[Douyin’s Bitcoin Feature Banned By Chinese Government](https://cryptonews.net/news/bitcoin/20796427/)
Recently, the Chinese version of TikTok, Douyin, updated its app to display the current day’s prices, the highest and lowest prices, today’s opening price, and yesterday’s closing price
- gm Lenster fam 🌸
We are excited to announce the launch of our new Snapshot voting feature. Now you can have your say on important community decisions by simply voting from Lenster.
If you paste any Snapshot URL, it will turn into an interactive widget where you can vote for a proposal. You can also use it with your Lens follower NFTs by configuring Snapshot strategies 🚀
Vote us below if you like this feature 😉 https://snapshot.org/#/yoginth.eth/proposal/0x9287c40edcd68c362c7c4139fe3489bbaaa27cf4de68be5c218a82d0f252e718
- Lens signless transactions are now better, faster, stronger!
You can upgrade your signless transactions on @lenster.lens: https://lenster.xyz/settings/dispatcher
Coming on other community-built applications 🔜!
- Backend Engineer: Unlock the abilities of anyone’s wallet 🔓
Join the team of industry-leading crypto-natives to build a core piece of web3 infrastructure – the ability layer 🛠
Apply today! 📯👇
https://kleoverse.com/job/lead-backend-engineer-at-empire-headhunters
[Lead Backend Engineer - Empire Headhunters](https://kleoverse.com/job/lead-backend-engineer-at-empire-headhunters)
## LEVEL
Mid
## LOCATION
Remote, USA (HQ Brooklyn NY)
Work Auth Citizenship (legally work in the US)
## MISSION
Tech Stack: Node.js, Typescript, Postgres, AWS, Heroku
We tell you everything your wallet address can do: derivative mints, airdrops, votes, token-gated chats, token-gated events, token-gated ecommerce experiences, and more. We call these things you can do “abilities”, and they are the most fun experiences you can have in web3. We deliver these meaningful experiences to all web3 users across the wallets and web apps that use our API.
We are backed by crypto-native investors and have been working together in crypto for the past four years. Our team is building a core piece of web3 infrastructure - the ability layer - and we are seeking an experienced backend engineer with knowledge of and passion for the web3 space.
## RESPONSIBILITIES
- Build clean, maintainable, and well-tested backend code
- Collaborate with product to define, prioritize, and build
- Design and architect backend REST APIs
- Build and manage a team of backend engineers
Projects you may work on:
- Build the Daylight API - a robust, scalable, and developer-friendly API that the biggest web3 apps and wallets will use
- Engineer Daylight’s Cataloger backend, building a service that ingests abilities across many sources and serves up abilities via API
## MUST HAVE (non-negotiable)
- Deep experience with modern backend technologies like Node.js, Typescript, AWS, and Postgres
- Appetite to work on complex products with autonomy and creative freedom
- Experience designing and building out programmatic APIs
- Experience maintaining highly available infrastructure
- Excitement about and/or experience in making web3 more friendly
## SPECIAL REQUIREMENTS
Experience at smaller web3/crypto startups
## HIRING PROCESS:
- **Hiring Manager Call** - 30 minute conversation to discuss the role, Company, and your background
- **Technical Call** - 30 minute conversation with Morley to understand your experience
- **Contract Project** - Complete a small, paid project related to the role’s work
- dOrg Hot Seat Podcast | EP 12 ft. Safe
Unlocking the Power of SafeCore
Tune in to this episode of dOrg Hot Seat as we navigate the web3 landscape with Clem and Daniel from SafeCore. In a time where hacks are on the rise, learn about the latest SafeCore SDK release and how they're shaping the future of blockchain technology.
Engage in a lively conversation with dOrg's skilled developers and uncover new possibilities for innovation in the Web3 ecosystem.
dOrg
https://dOrg.tech
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Now on Twitter and soon on @lensprotocol 🌿🌿
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- Special thanks to @blackjoker.lens & @letjoellive.lens for their amazing feedbacks and suggestions. 🙌 Will be working towards it.
- The chief investment officer of Bitwise Asset Management, Matt Hougan, says that planned Ethereum (ETH) upgrades will cause the ecosystem to flourish like never before.
In a new interview with Anthony Pompliano, Hougan says that development activity in the Ethereum ecosystem is likely to soar once Ethereum Improvement Proposal 4844 (EIP-4844) is complete since the upgrade aims to drastically lower transaction costs.
“I’m really excited about what’s going on in the Ethereum ecosystem and particularly EIP-4844 and how it will quash costs on layer-2 solutions. I think people don’t understand how important that is. They don’t understand the value of a price that’s effectively zero. If you think about the cost of crypto transactions, it has gone from a few dollars on average with spikes into the hundreds to a handful of 20 cents,10 cents.
It’s going to be sub-penny by the end of this year if Ethereum executes on its roadmap. And the applications that open up at sub-penny that aren’t open at 10 or 20 cents per transaction are really enormous. And I know that sounds very theoretical, but I think it’s a game changer. So I’m really excited about that.”
Hougan also says that the crypto markets have entered a bull market cycle, but investor confidence is only just starting to return to the sector.
“More broadly, I’m just excited to see animal spirits returning to crypto. We are in a bull market. It’s funny, you go out to investors and they still sort of have this bear market mentality. Crypto is the best-performing asset class in the world this year. I think as that seeps in we’re going to see some of those animal spirits return to this space. So Ethereum and the roadmap there, the broader bull market in crypto and how that will change, I think this will be a very exciting year. But I think the next three years are going to be phenomenal in crypto.”
Ethereum is trading for null,863 at time of writing, up 3.5% in the past 24 hours.
[Bitwise CIO Matt Hougan Says Ethereum (ETH) Game Changer Imminent, Asserts ‘We Are in a Bull Market’](https://cryptonews.net/news/ethereum/20762944/)
The chief investment officer of Bitwise Asset Management, Matt Hougan, says that planned Ethereum (ETH) upgrades will cause the ecosystem to flourish like never before. In a new interview
- After Elon Musk opted to replace the well-known Twitter bird symbol with Dogecoin's Shiba Inu image, global Google searches for the cryptocurrency Dogecoin skyrocketed by nearly 2,000%, as revealed by a report on Tuesday.
This impressive spike in search interest was a twenty-fold increase compared to the average level in the preceding week.
Search terms like 'Buy Doge' and 'buy Dogecoin' witnessed substantial growth, with rises of around 1,000% and 250% respectively. At the same time, Shiba Inu coin searches experienced a 132% increase.
The report highlighted a 38% uptick in Google searches for 'Twitter' over the past week as users observed the logo change. Over 70% of the top Twitter-related searches in the last week pertained to the new symbol, generating buzz among the online community.
As reported by U.Today, Dogecoin's price has surged by more than 30%, securing its position as the seventh most valuable cryptocurrency on CoinMarketCap.com, ahead of Cardano.
Twitter's famous bird logo was unexpectedly swapped with the viral Doge earlier this week, leading to an 8% increase in Dogecoin's value. This logo switch occurred after billionaire Elon Musk took control of the social media platform in a $44 billion deal in October 2022. Twitter users have had mixed reactions to the change, with some finding it amusing and in line with Musk's sense of humor, while others question whether the platform was hacked or if it's a late April Fool's joke.
[Dogecoin Searches Skyrocket 1,992% After Elon Musk's Twitter Logo Change](https://cryptonews.net/news/altcoins/20762989/)
After Elon Musk opted to replace the well-known Twitter bird symbol with Dogecoin's Shiba Inu image, global Google searches for the cryptocurrency Dogecoin skyrocketed by nearly 2,000%,
- Prominent crypto trader and founder of venture capital firm Mechanism Cap, Andrew Kang, has not stayed away from active discussion in the crypto community on the topic of a possible altcoin season and gave his views on the matter.
Focus is shifting
Kang is inclined to suggest that a rally in the price of anything other than Bitcoin (BTC) is taking place, as the latter's dominance is starting to lose momentum. As illustrated by the trader on his BTC.D chart, the indicator has reached a strong level of resistance at current levels around 47.8%. Of the last six times Bitcoin's dominance has reached these heights, it has managed to go even higher only once, in the summer of 2018.

That said, the crypto investor believes that if altcoin season is to begin, it will only be among the best of them. Kang lists three cryptocurrencies as such in his post at the moment: Ethereum (ETH), Dogecoin (DOGE) and Arbitrum (ARB). While the first one is understandable given its position on the crypto market, the investor's choice of the latter two tokens is quite curious.
However, putting aside all arguments for or against one or the other, it can definitely be highlighted that these are probably the two most discussed altcoins right now. Maybe Kang's bet is that due to the crowd's intense focus on DOGE and ARB, there will be a corresponding influx of liquidity and strong momentum in their price action.
[DOGE and ARB Are Best for Altcoin Season, Thinks Prominent Crypto Trader](https://cryptonews.net/news/analytics/20762374/)
Prominent crypto trader and founder of venture capital firm Mechanism Cap, Andrew Kang, has not stayed away from active discussion in the crypto community on the topic of a possible
- This way, the metadata can be publicly accessible and verifiable on the blockchain, while the actual file is stored in a secure and decentralized manner.
Secondly, data redundancy is crucial to ensure that the data is always available and reliable. By storing multiple copies of the file in different locations, the risk of losing the data due to a single point of failure is greatly reduced. Decentralized storage networks often have built-in redundancy mechanisms to ensure data is always available.
Thirdly, protecting data privacy and security is of utmost importance. Encryption should be used to protect the data while in transit and at rest. Access to the data should also be controlled to ensure that only authorized parties can access it. Decentralized storage networks often offer built-in encryption and access control mechanisms.
Best practices for decentralized file storage include storing metadata on the blockchain, utilizing a decentralized storage network for the actual file, ensuring data redundancy for increased reliability, and protecting data privacy and security. By following these best practices, users can ensure that their data is stored in a secure and reliable manner.
Conclusion
While it is possible to store files directly on the blockchain, the high cost and limitations in the amount of data that can be stored make it an impractical approach. Decentralized file storage networks such as Arweave and Filecoin offer a much more reliable and cost-effective method for storing files in a decentralized way. By utilizing a combination of storing metadata on the blockchain and the actual file on a decentralized storage network, data redundancy can be ensured for increased reliability. It is also important to prioritize data privacy and security in the storage process.
As the blockchain industry continues to grow, decentralized file storage is becoming more and more prevalent. It is important to understand the limitations of traditional file storage methods and to explore and utilize the various decentralized storage networks available for secure and reliable file storage. With the right approach and tools, decentralized file storage can provide a more robust and secure storage solution for individuals and businesses alike.
[How Blockchain Technology Makes File Storage More Practical and Cost-Effective](https://cryptonews.net/news/blokcheyn/20757655/)
Storing files on the blockchain is a crucial topic of discussion among blockchain enthusiasts and developers. While it is technically possible to store files directly on the blockchain,
- such as the cybersecurity infrastructure security agency (CISA).
You might also like: US Space Force major says bitcoin has potential role in national security
Joyce expressed concern that public reporting on cyber practices could inadvertently provide a roadmap for malicious actors, potentially harming the very firms that investors seek to protect.
In response, Gensler mentioned that the SEC has maintained an ongoing dialogue with CISA, specifically with its director, Jen Easterly. He acknowledged the importance of striking a balance between providing investors with material information about cybersecurity incidents and ensuring that sensitive details aren’t exposed to potential cybercriminals.
Gensler explained that the SEC’s proposal focuses on sharing summary information that would be material to investors, rather than the specifics of how a breach occurred.
While recognizing the potential risk of inadvertently creating documents that could be targeted by bad actors, the SEC aims to find a middle ground that allows investors to make informed decisions without compromising the security of the firms they invest in.
As cybersecurity threats continue to evolve and the financial landscape becomes increasingly digital, it is crucial for regulatory bodies such as the SEC and CISA to work together in order to develop rules and guidelines that protect both investors and businesses from potential harm.
Balancing investor protection with cybersecurity concerns will be a key challenge for regulators as they navigate the complex and rapidly changing world of digital finance.
[SEC chair Gary Gensler addresses crypto regulation and consumer protection](https://cryptonews.net/news/legal/20762485/)
The U.S. securities and exchange commission (SEC) chairman, Gary Gensler, recently participated in a budget hearing for the fiscal year 2024, discussing the regulation of cryptocurrency
- expressed strong interest to list $KOY.” This statement alone can be understood why there has been such interest in the project. It wouldn’t be a surprise to see back-to-back Tier 1 exchange listings soon, knowing the Koyo mission and undertakings going forward — backed with a strong financial case, with several Koyo wallets tracking back to large $10m+ Shiba wallets. Even with a wallet which is said to track back to vitalik.eth.
With the Koyo community solidifying its position, KoyArmy leaders from within are stepping up and the Koyo founders have been guiding the KoyArmy into what has been known as a ‘no coincidence’ plan. This alone has gained the momentum into a real possibility that Koyo may achieve its ambitions in becoming the first billion-dollar market cap project exclusively launching onto Shibarium.
Always perform your own DYOR, but we are excited to keep tabs on Koyo and its ongoing development.
[Koyo Token Targets To Become The First Billion-Dollar Market Cap Project To Exclusively Launch Onto Shibarium](https://cryptonews.net/news/altcoins/20762383/)
Since launching exclusively onto ShibaSwapDEX on 9th of March 2023, Koyo Token (‘Koyo’) has left a huge impression within the Shiba Inu community due to large $SHIB burn transactions
- The United States Securities and Exchange Commission is moving forward with a resolution to the case against a former product manager at Coinbase Global accused of insider trading.
In an April 3 filing in U.S. District Court for the Western District of Washington, the SEC said it had reached an agreement in principle with Ishan Wahi. The former Coinbase employee — along with his brother Nikhil Wahi and associate Sameer Ramani — allegedly used confidential information he obtained from the crypto exchange in order to profit off new listings of tokens, totalling more than null million.
Any settlement recommended by SEC staff must be reviewed within the SEC and approved by the SEC’s Commissioners before it may be submitted to the Court for approval, a process than can take a number of weeks, said the filing.
Authorities arrested Ishan and Nikhil in July 2022 — reportedly attempting to fly to India — and both brothers subsequently pleaded guilty to parallel criminal insider trading charges. According to the April 3 filing, the SEC had been engaging in “good faith discussions” with Nikhil, who was sentenced to 10 months in prison in January.
The case against the Wahi brothers was one of the first involving insider trading of a major U.S. crypto exchange before platforms including FTX and Celsius declared bankruptcy. The original complaint alleged Ishan had had access to information on listing cryptocurrencies on exchanges controlled by Coinbase in his position as a product manager from August 2021 to May 2022. He then passed on that information to his brother or Ramami to invest in the tokens before the Coinbase listing was expected to cause a price jump.
Related: Coinbase files brief in SEC Wahi case, says it doesn’t sell securities but would like to
Notable in the context of the SEC cracking down on crypto, the case saw the regulator label nine of the tokens as “crypto asset securities” falling under its purview. The SEC later issued a Wells notice — warning of a potential enforcement action — to Coinbase itself in March. The exchange’s chief legal officer Paul Grewal said the notice came despite many discussions with SEC representatives.
[SEC reaches 'agreement in principle' to resolve insider trading case of Coinbase product manager](https://cryptonews.net/news/legal/20762572/)
The United States Securities and Exchange Commission is moving forward with a resolution to the case against a former product manager at Coinbase Global accused of insider trading.
- The total market capitalization for all cryptocurrencies has climbed to the highest level since June, helped by bitcoin’s (BTC) massive 70% rally to begin the year.
The rise in overall crypto wealth stands out because it coincides with the industry facing one of the strongest crackdowns in its history. Despite that bleak regulatory outlook, the market cap for digital assets has risen to null.19 trillion, according to data from CoinMarketCap. The figure stood at about $800 billion at the beginning of 2023.
Bitcoin’s share of the overall market has risen amid the surge. Its so-called dominance hit a nine-month high of 45.5% last month as the cryptocurrency posted its best quarterly performance in two years and turned into one of the top-performing major assets in the world.
April has historically been a good month for BTC, so there’s precedent for the rally to continue. Bitcoin has gained in six of the past 10 Aprils, returning 17% on average, according to data from Matrixport.
[Crypto Market Cap Jumps to null.19T, the Highest Since June](https://cryptonews.net/news/finance/20762608/)
The total market capitalization for all cryptocurrencies has climbed to the highest level since June, helped by bitcoin’s (BTC) massive 70% rally to begin the year. The rise in overall
- 1 Hedera has seen a weak recovery in the weekly time frame but still has a long way to go
2 Technical indicators of HBAR are favoring a consolidated trend in price. It has seen a drop of 8% in the Ethereum pair
Hedera is a blockchain platform that aims to provide a faster and more secure alternative to existing blockchain networks. The Hedera network is based on a distributed ledger technology that allows for the creation of decentralized applications and smart contracts. Hedera’s platform uses a unique consensus algorithm called the Hashgraph consensus algorithm which is faster and more energy efficient. Hedera has a total supply of 50 Billion and 61% of the total is circulating in the market. Hedera has an average transaction fee of $0.001 which is less compared to the other blockchains. Hedera is one of the best platforms for high-volume applications like gaming, social media, and other activities.HBAR has a negative ROI but can observe a new high in the future.
Hedera has a market cap of $2.08 Billion with a drop of 5% in the past 24 hours.HBAR has a market dominance of 0.17% and is ranked 31st in the crypto verse. The volume to market cap ratio of the asset price suggests a consolidated trend in price.
HBAR Takes Support Near Major Level

Source: TradingView
The weekly technical chart of the HBAR hints towards a consolidated momentum in price. It is currently taking support near a major support level. On the daily chart, it is trading near the value of $0.06 with a drop of 5% in the intraday session. Resistance of the HBAR can be seen near the value of $0.08. The downside trend of HBAR can see a bounceback from $0.05.It is trading near the 100 DMA and above the 50 Daily Moving Average. There can be a positive crossover in the asset price which can push the asset price to a new high.
The RSI of the Hedera is near 43 suggesting its presence in the neutral zone. There is no slope formed in the RSI suggesting a consolidated trend in price.
Conclusion
HBAR is currently seeing a weak recovery in the weekly chart. Various analysts are expecting a strong upside trend in the future.
Technical Levels
Major Support: $0.04
Major Resistance: $0.08
[Hedera Price Prediction: Is HBAR Ready For A Breakout Beyond $0.1?](https://cryptonews.net/news/analytics/20762716/)
1 Hedera has seen a weak recovery in the weekly time frame but still has a long way to go 2 Technical indicators of HBAR are favoring a consolidated trend in price. It has seen a drop
- Solidity libraries and frameworks: Popular libraries and frameworks like OpenZeppelin and Truffle offer extensive documentation and examples, providing an excellent starting point for learning Solidity.
Solidity documentation: The official Solidity documentation is a comprehensive resource that covers everything from basic syntax to advanced smart contract functionality.
Online courses and tutorials: Platforms like Udemy, Coursera, and YouTube offer a wealth of Solidity courses and tutorials, ranging from beginner to advanced levels.
Solidity community and support forums: Joining Solidity-focused forums and communities like Reddit, Stack Overflow, and Gitter can provide valuable insights, support, and networking opportunities for aspiring Solidity developers.
Building a career in Solidity development
With the growing demand for blockchain technology and smart contracts, a career in Solidity development can be both rewarding and lucrative. Some tips for building a successful career in Solidity development include:
Mastering the fundamentals: Gain a solid understanding of Solidity syntax, best practices, and advanced functionality through online resources, courses, and practice.
Networking: Connect with other Solidity developers through online forums, meetups, and conferences to share knowledge, learn about job opportunities, and stay up-to-date on industry trends.
Diversifying your skillset: While specializing in Solidity is essential, it’s also beneficial to develop expertise in related technologies like Web3, decentralized application development, and other blockchain platforms.
Building a portfolio: Create a portfolio of your work, including smart contract projects and contributions to open-source initiatives, to showcase your skills and expertise to potential employers.
Conclusion
Solidity has played a crucial role in the growth and success of Ethereum. It has enabled developers to create secure, efficient, and sophisticated smart contracts that power many decentralized applications.
It addressed the unique challenges of smart contract development and provided a robust and easy-to-learn language. Hence, there is no doubt that Solidity has now become an essential tool for the blockchain industry.
As the adoption of blockchain technology and smart contracts increases, it is impossible to overstate the importance of Solidity as a programming language. It is quite an in-demand skill nowadays and has a huge potential impact on the future of decentralized applications.
[How Ethereum Reaped Success with Solidity and Smart Contracts](https://cryptonews.net/news/ethereum/20758429/)
Ethereum smart contract is a groundbreaking technology that has revolutionized our interaction with decentralized applications. They have opened up a new world of possibilities for
- seem to plague crypto governance. Abstract away the tech that’s meant to abstract away human decision making and often you’ll find just a few key decision-makers.
There’s a silver lining in that the Arbitrum community has thoroughly rejected the initial plan, and is now demanding transparency. People looked at the record and found that 50 million ARB tokens were moved to Binance, presumably for sale, and 40 million were loaned to crypto market-maker Wintermute. It’s not so much that the ARB is a “useless governance token,” as many have argued, but that the governance was lopsided from the beginning. Perhaps that is unavoidable with any system that grants power in proportion to wealth, giving some users more power than others to dictate how the system operates.
Crypto today needs competent decision-makers to oversee the development of new technologies. DAOs can be powerful tools to increase participation. There are many examples of functioning organizations that are run collectively and state upfront that they’re really just Discords with a branded token. But before they “decentralize,” project leaders need to ask whether a DAO is needed in the first place, and what exactly their DAO should be.
[Arbitrum Governance Fracas Reopens the Question: Why DAOs?](https://cryptonews.net/news/altcoins/20762707/)
What exactly does crypto want decentralized autonomous organizations to be? I remember a conversation a few years ago over a few cold ones with a former CoinDesker who waxed poetic
- supply in an ecosystem strengthens its buying power.
https://twitter.com/AvgJoesCrypto/status/1642897180485615616?s=20
Technically, the ARB/USD chart looks bullish as sellers failed to break below the March 28 lows of null.11 despite the FUD around the misappropriation of funds during the weekend.

ARB/USD 1-hr price chart with RSI indicator. Source: TradingView
Ten days since the token launch, around 90% of the airdrop has been claimed by recipients. The adverse impact of the governance drama during the weekend likely motivated remaining airdrop holders to sell their holdings. However, the conviction of whales and increase in Arbitrum ecosystem’s buying power is encouraging for the growth of the Ethereum Layer-2 rollup.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
[Arbitrum FUD spooks the market, but on-chain data shows whales accumulating ARB](https://cryptonews.net/news/altcoins/20762761/)
Arbitrum suffered a big blow during the April 1 to April 2 weekend due to a conflict between the ARB token holders and the Arbitrum Foundation on the allocation of $750 million ARB
- After the Twitter logo was changed from the original blue bird to a cartoon image of the famous Shiba Inu Doge, the cryptocurrency dogecoin rose significantly in value and is now up 27% more than 12 hours later. However, a number of bitcoin proponents expressed distaste for the logo change, and a few insisted that Elon Musk was promoting “unregistered securities” by making the change.
Doge Logo Change Has Upset a Handful of Bitcoiners, While Others Oppose the Discontent
On April 3, 2023, the Twitter logo was changed to a cartoon image of the popular meme of the Shiba Inu Doge, and the reason for the change is unclear. While the image is simply a cartoon picture of Doge, it has been directly associated with the cryptocurrency meme asset dogecoin (DOGE). Some even speculated that Twitter’s owner, Elon Musk, swapped the logo for the Doge meme to troll against a recent multibillion-dollar lawsuit against him that claims his tweets artificially inflate the price of DOGE.
Meanwhile, mainstream media publications like Mashable attempted to downplay the Twitter logo change by calling it “corporate cringe” and insisting that the internet “reacted by laughing at (not with) Elon Musk.” Additionally, a number of bitcoin advocates tweeted their opposition to the logo change and criticized Musk for not highlighting the leading cryptocurrency BTC. One individual wrote, “Pumping centralized unregistered securities again, [Elon Musk]?” Another person opined that “Dogecoin needs Elon Musk to win. Bitcoin needs nobody. That’s why we will win.”
Elon's dumb little Doge stunt is absolutely worth it for all the seething it's caused among salty Bitcoin maximalists.
"uNrEgIsTeReD sEcUrItY" ok BitKaren 😏
— Joel Valenzuela (@TheDesertLynx) April 3, 2023
After the logo was changed, Twitter was filled with posts from bitcoin supporters who were dissatisfied with the Doge logo replacement. “Dogecoin is not ‘money for the people’ as advertised by Elon Musk. Bitcoin is,” tweeted Mark Harvey. “This is due to block size. In a hypothetical world where both blockchains are fully adopted (all blocks completely full of transactions), dogecoin would be significantly more centralized than bitcoin,” Harvey claimed. Bitcoin author and educator Anita Posch emphasized that the logo change was “too much.”
“This is really getting too much,” Posch said. “What a blunt advertisement for Dogecoin. I really loved Twitter, but since Elon is around everything is getting worse.”
Not everyone agreed with the bitcoin supporters who tweeted their opposition to the logo change. In response to the allegation of pumping “unregistered securities,” one person replied, “This new breed of Bitcoiner that’s totally anti-free market and pro-government regulation is confusing to me.” “[Elon Musk is] clearly trolling. Why are we getting so outraged?” another individual asked. While Posch claimed that “many people will lose money” and that “it’s totally irresponsible,” others challenged the author’s argument.
“If people lose money because somebody exchanges a bird logo with a dog logo, then they totally deserve to lose it. Nothing about this is irresponsible,” one person tweeted to Posch.
Still, many Bitcoin advocates felt compelled to criticize Twitter’s new owner for changing the logo. “So Elon Musk, how does changing the Twitter logo to a DOGE dog help you towards your stated goal of ‘doing useful things for civilization?’ You’re contributing to distraction from the most important invention in human history since the Internet – Bitcoin,” wrote Brett Morrison, CEO of truevote.org.
And, of course, several people dismissed these opinions as close-minded maximalism. “I would say the same about maxis who are putting people off Bitcoin in the thousands with their Hubris. Doge may well end up historically more important than bitcoin,” replied one person to Morrison’s complaint.
[‘Totally Irresponsible’ — Bitcoin Proponents Express Discontent Over Twitter's Doge Logo Change](https://cryptonews.net/news/other/20762779/)
After the Twitter logo was changed from the original blue bird to a cartoon image of the famous Shiba Inu Doge, the cryptocurrency dogecoin rose significantly in value and is now up
- Over the past 48 hours, there has been a significant increase in the price of Dogecoin. This surge in value is attributed to market participants reacting positively to Twitter’s recent change of its home button to the doge meme. In the last 24 hours alone, the meme-coin experienced a boost of nearly 27%. It broke through the $0.10 price level.
The technical analysis of the coin also suggests an extremely bullish trend on the chart, with buyers rushing to the market and a surge in demand for the meme-coin. Accumulation has also seen a substantial positive shift.
Related Reading: Dogecoin Flips Cardano In Market Cap, Becomes 7th Largest Crypto
Furthermore, Dogecoin has formed a pattern indicating a potential trend reversal, which could further increase bullish momentum. However, it is important to note that a price pullback is still possible despite this pattern.
The coin must remain above the two vital price levels to continue its upward trend. Currently, Dogecoin remains stuck under a crucial resistance mark.
Dogecoin Price Analysis: One-Day Chart

At the time of writing, DOGE was priced at $0.096. The coin briefly revisited the $0.101 zone before dropping below the $0.098 mark. Overhead resistance for DOGE was set at $0.99, and breaking above this level could push the coin back above the $0.100 zone.
A falling wedge pattern has emerged for Dogecoin, indicating a potential trend reversal. This could further reinforce the upward momentum of the coin.
If DOGE surpasses the $0.100 mark, it may encounter another resistance at $0.102, breaking which the bulls could revisit $0.107 and eventually target $0.110.
Local support for Dogecoin was at $0.090; a drop from that level could drag the coin to $0.082. Therefore, it is essential that DOGE trades above the $0.082 support level to continue moving upward. The volume of DOGE traded in the last session was positive, indicating a rise in buying strength.
Technical Analysis

Buying strength of DOGE witnessed a sharp surge, causing the asset to become overbought and overvalued at the time of writing. This was indicated by the Relative Strength Index (RSI) standing above 70, a signal for an overbought asset.
Typically, after being overbought, the asset’s price tends to undergo a significant pullback. Likewise, Dogecoin moved above the 20-Simple Moving Average (SMA) line. This signified that buyers were driving the price momentum in the market.

With the increase in demand, other technical indicators have also aligned with the bulls. The Moving Average Convergence Divergence (MACD), which indicates price trends and reversals, turned green with growing green signal bars tied to buy signals for the coin at the time of writing.
Related Reading: Here’s Why Bitcoin Could Break At Least $33,000 In This Rally
Bollinger Bands also opened up significantly, indicating that the possibility of price volatility and fluctuation cannot be ignored.
Featured Image From UnSplash, Charts From TradingView.com
[Dogecoin Price Forms A Falling Wedge Pattern, Can Price Touch $0.11?](https://cryptonews.net/news/analytics/20762713/)
Over the past 48 hours, there has been a significant increase in the price of Dogecoin. This surge in value is attributed to market participants reacting positively to Twitter’s recent
- that language was first placed.
It is worth noting that Binance.US elected to form its own political action committee after FTX went bankrupt and was no longer able to fund the US political arena.
The federal and presidential elections are completely prepared, and there are no plans to give to the US Political Action Committee at this time (PAC). However, while Binance has never operated in Washington, D.C., it is utilizing the same lobbyist, Hogan Lovells law firm as Binance.US, to influence U.S. politicians. This demonstrates that Binance and CZ were aware of the warning flags and prepared to deal with the authorities.

Overall, the FTX storm has tightened oversight of the whole encryption industry, regardless of whether it seeks to encourage the investigation and repression of rivals via political influence.
The severity of the allegations implies that Binance will have difficulties striking a pre-trial settlement with the Commission that consists of just a warning and a fine. Even if a pre-trial settlement is reached, it will be penalized billions of dollars and barred from trading in the United States.
If the company and Changpeng Zhao are proven guilty by a court of law, most financial institutions across the world will discontinue doing business with the crypto exchange. Moreover, it would enable US law authorities to obtain information on all of their accounts and transactions, perhaps leading to even harsher penalties.
Meanwhile, the SEC issued a Wells notice to Coinbase, the biggest US-listed cryptocurrency exchange, for suspected securities law breaches. Overall, it was a bad month for the sector, which is always undermining its credibility even when things are going well. Nonetheless, be aware that the charges are still supported by exchanges.
[FTX Collapse Connects To CFTC vs. Binance Event And Its Consequences](https://cryptonews.net/news/market/20762800/)
The agency indicated that it has been looking into Binance since at least 2021. Binance has failed to function in the United States market and has committed infractions aimed at preventing
- Additionally, centralization concerns have arisen, with some suggesting that Cardano’s initiatives might lead to dependence on the Cardano Foundation and IOHK, the organizations driving these projects.
The long-term benefits of these initiatives have also come under scrutiny, as their success hinges on the widespread adoption of Cardano’s technology. Skeptics argue that it is uncertain whether the technology will gain traction, and if not, these projects may fail. Technological barriers, such as limited internet access and low levels of digital literacy in many African countries, fuel these doubts.
Another criticism leveled at Cardano’s African initiatives is the resistance they may face from existing financial institutions in Africa. Some argue that these institutions might view the blockchain-based projects as a threat to their established operations. Other critics contend that Cardano’s approach resembles neo-colonialism by imposing Western solutions without understanding local needs.
Harnessing Innovation
The opportunity for blockchain technology to revolutionize Africa’s economic systems cannot be overstated. With its capacity for decentralization, security, and transparency, blockchain presents a unique solution to address the continent’s challenges.
Cardano’s African ambitions showcase the transformative power of this technology and invite further exploration. Additionally, blockchain could address Africa’s land registry issues by providing a transparent, tamper-proof record of land ownership. As a result, this would not only reduce corruption and disputes but also facilitate access to credit, as land can be used as collateral.
In Ghana, the government is exploring the use of blockchain for land administration, and Cardano’s expertise in the field could prove valuable.
Moreover, blockchain technology can help to tackle Africa’s energy challenges. Decentralized energy grids, enabled by blockchain, can offer a more reliable, efficient, and cost-effective energy supply. Cardano’s blockchain framework could facilitate the creation of such grids, empowering local communities to generate and manage their own energy resources.

Blockchain technology has seen a surge in adoption across the globe.
Navigating the Path to Development
Can Western companies like Cardano truly understand the complexities of African societies and foster lasting change? Balancing profit motives with genuine development goals is a delicate task, and striking a balance is essential.
Cardano’s African ambitions offer a glimpse into a future where blockchain technology shapes the continent’s financial landscape. While challenges persist, the platform’s commitment to partnerships and community engagement demonstrates a willingness to learn and adapt.
The Power of Collaboration
Cardano’s African ventures aim to showcase the potential of blockchain to revolutionize financial systems. By engaging with local communities, Cardano hopes to help bring about a more inclusive, transparent, and prosperous future for Africa. But questions and challenges persist.
Ultimately, the success of these endeavors may hinge on effective collaboration and a keen understanding of the continent’s unique challenges. It remains to be seen if Cardano’s African ambitions can truly transform the region’s financial landscape.
[Can Blockchain Revolutionize African Finance?](https://cryptonews.net/news/blokcheyn/20762830/)
As the world turns its attention to new possibilities of digital technology, blockchain platform Cardano hopes to make inroads in the pursuit of change in Africa. But the challenges
- The ICX token, native to the innovative ICON network, has experienced a remarkable 33% surge in price within just 24 hours, driven by a series of key developments and improvements that promise to enhance the network’s reach and utility.
The ICX token, the native coin of the ICON network, has experienced a massive 33% surge in price within a 24-hour window. Several key developments and improvements in the ICON ecosystem may be the driving factors behind this upswing.

24-hour chart of ICON (ICX) | Source: Crypto.com
The much-anticipated Blockchain Transmission Protocol (BTP) will soon be rolled out. This protocol enables seamless interoperability between various blockchains, ensuring secure and frictionless data exchange. The BTP will allow the ICON network to integrate with any smart contract-enabled blockchain, broadening its reach and utility.
The introduction of xCall, a messaging service built on the ICON network, will provide secure, decentralized communication between different blockchain ecosystems. This development promises increased connectivity and collaboration, which could contribute to the ICX token’s surge.
Parameta, an enterprise-ready solution for the ICON network, allows organizations to benefit from the network’s advanced features while maintaining compliance with regulatory requirements. This solution helps to further establish ICON as an accessible and attractive option for businesses looking to integrate blockchain technology into their operations.
You might also like: ICON (ICX) Launches Smart Contracts-Supporting Consensus Algorithm
Decentralized applications (dApps) on the ICON network have steadily gained momentum. As more developers recognize the potential of ICON’s platform, the number of dApps being built on the network is expected to increase, driving up demand for the ICX token in the process.
The South Korean government has recently adopted a more favorable stance on cryptocurrencies.
As a home-grown project, ICON stands to benefit from this bullish sentiment, translating into greater interest in the ICX token. Also, the ICX/BTC trading pair has experienced a falling wedge breakout, a bullish technical pattern that suggests a potential upward trend for the ICX token price which has been anticipated by many including AJ FIVE.
The recent improvements and developments within the ICON network, coupled with a favorable market environment and technical indicators, have likely contributed to the remarkable 33% surge in the ICX token price.
[ICX surges 33% over past 24 hours](https://cryptonews.net/news/altcoins/20762794/)
The ICX token, native to the innovative ICON network, has experienced a remarkable 33% surge in price within just 24 hours, driven by a series of key developments and improvements that
- The Celo Foundation has partnered with Google Cloud to support mission-aligned projects in Celo's blockchain ecosystem and advance the early adoption of Google Cloud services. The collaboration is set to allow founders building on Celo to access credits for Google Cloud and Firebase usage, thereby enhancing Celo's mobile-first infrastructure and decentralized applications (Dapps).
Firebase is a mobile and web application development platform developed by Google that provides developers with various tools and services for building apps, including authentication, real-time databases, cloud storage, and messaging.
According to the announcement, the Google Cloud team will also provide mentorship and guidance to the Celo Foundation's Founders in Residence program and participate in the virtual Celo Camp accelerator program, which supports entrepreneurs in developing sustainability-focused startups. Additionally, the two organizations aim to co-host targeted workshops and events focused on Web3 sustainability and innovation.
In an interview with Cointelegraph, Xochitl Cazador, Celo Foundation's head of ecosystem growth, shared that “This new, expanded partnership between Google and the Celo Foundation enhances the ability to collaboratively create broader awareness for blockchain technology and its ability to scale real-world use cases on Celo.”
Cazador further explained that “Google Cloud’s core team will also support the Celo Foundation through joint hackathons, workshops, and events centered on the intersection of Web3 and sustainability. The partnership aims to further amplify both teams’ belief that blockchain technology is well suited to address environmental matters.
Addressing the challenges that sustainability-focused startups in the Celo Network face, Cazador shared that highly technical onboarding processes, complex interfaces, and unfamiliar transaction fee currencies present major barriers to entry for such startups in the Web3 space. However, Cazador shared that Celo's partnership with Google Cloud is set to alleviate the strain on emerging and established projects, thereby allowing ecosystem builders to tackle today and tomorrow's largest sustainability challenges.
Related: Celo ecosystem projects raise $77.3M in support of interoperability, ReFi
Celo is a blockchain platform that has achieved carbon negativity through proof-of-stake (PoS) consensus. Within the Web3 community, it has gained recognition as a leader in regenerative finance (ReFi), a broad concept that prioritizes sustainability within finance. The platform has a diverse range of over 1,000 projects in more than 150 countries.
In episode 10 of Cointelegraph’s Hashing It Out podcast, Rene Reinsberg, the president of Celo Foundation and the co-founder of the Celo blockchain, discussed the ReFi movement and Celo's plans to stay relevant in the multichain world. Reinsberg shared that he sees the increase in layer-1 blockchains and layer-2 networks as an opportunity to bring more people into crypto.
[Celo Foundation and Google Cloud partner to support sustainable Web3 startups](https://cryptonews.net/news/altcoins/20762941/)
The Celo Foundation has partnered with Google Cloud to support mission-aligned projects in Celo's blockchain ecosystem and advance the early adoption of Google Cloud services. The collaboration
- The Aave community is looking to expand on the BNB chain and voting for the temperature check for deployment on Starknet.
Today, Mark Zeller, the founder of Aave Chan Initiative, proposed the deployment of Aave Version 3 (V3) on the BNB chain. By expanding to the BNB chain, Aave wants to cater to its large user base.
According to the latest data from Token Terminal, the BNB chain has the second largest daily active users after the Tron chain. On Apr. 2, the BNB chain had approximately 1.1 million active users.

Source: Token Terminal
Aave Launching on BNB Chain Makes Financial Sense
The Decentralized Finance (DeFi) researcher Ignas, wrote on Twitter, “Uniswap V3 deployment on BNB Chain has had a second-order effect. BNB Chain used to be considered ‘unfit’ for Ethereum-based dApps due to its centralization. But BNB Chain has many retail users, so launching on it makes financial sense.”
The Decentralized Exchange (DEX) Uniswap also went live on the BNB chain on Mar. 15.
If the proposal is passed, users can put BNB, Wrapped Bitcoin (WBTC), Binance-peg Ethereum (BETH), Wrapped Ethereum (WETH), USDC, and USDT as collateral.
Expansion to Starknet and Polygon
Along with the proposal to launch on the BNB chain, the Aave community is also voting on a temperature check for deployment on zero-knowledge rollup Starknet.
The second phase proposal summarizes the details of phase-1, which was passed with a majority by the community. The voting started today and ends on Apr. 11.
As of writing, it has received 13,701 votes, with 99.91% voting in favor of the proposal.

Source: Snapshot
On Mar. 29, the Aave community also passed a temperature check proposal for V3 deployment on the Polygon Zero Knowledge Ethereum Virtual Machine (zkEVM).
Got something to say about Aave or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter.
[Aave Community Votes on BNB Chain, Starknet, and Polygon Expansion](https://cryptonews.net/news/defi/20762833/)
The Aave community is looking to expand on the BNB chain and voting for the temperature check for deployment on Starknet. Today, Mark Zeller, the founder of Aave Chan Initiative, proposed