Coinbase Denies Ties to Memecoin That Crashed After $15M Dump

Coinbase Denies Ties to Memecoin That Crashed After $15M Dump

Exchange of cryptocurrency Coinbase is separating its Base blockchain network from a contentious memecoin that was widely criticized by the cryptocurrency industry for a spectacular crash that happened soon after it launched. Base promoted its marketing phrase, "Base is for everyone," on X on April 16. The post included a link to a similar token made on Zora, a social media site that tokenizes messages for speculation. According to statistics...

crypto news

Comments

Post a Comment

Popular posts from this blog

Notcoin Launches Major Airdrop Campaign on Telegram, Distributing 80 Billion Tokens

Image
In a strategic move within the digital asset community, the developers behind the innovative Notcoin play-to-earn project have executed a substantial airdrop. More than 80 billion NOT tokens have been distributed, with a significant majority, exceeding 90%, delivered directly to participants engaged as "miners" on the platform. Notcoin, a pioneering play-to-earn clicker game that operates via the Telegram app, announced its recent airdrop through an official press release. The initiative saw the allocation of over 80.2 billion NOT tokens to community members active on The Open Network blockchain. According to the announcement, 90% of these tokens have been designated for "miners," while the remaining 7.9 billion are accessible through the redemption of non-fungible token (NFT) vouchers. This development precedes Notcoin’s a Read more about Notcoin Launches Major Airdrop Campaign on Telegram, Distributing 80 Billion Tokens #Cryptocurrency, #Cryptomarket, #Cryptonewst...
Read more

Bitcoin ETFs See $131M Inflows Despite Market Volatility

Image
U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) experienced notable inflows of $131 million on June 7, marking a 19-day streak of positive net movements. Despite this, ARK 21Shares Bitcoin ETF (ARKB) reported net outflows totaling 1,364 BTC, equivalent to approximately $96.84 million, reducing its holdings to 48,939 BTC, or roughly $3.47 billion. Data from Lookonchain indicated that on June 7, an additional 3,689 BTC, valued at $261.91 million, was infused across nine distinct ETFs. This surge was primarily driven by BlackRock, which added 4,896 BTC valued at $347.61 million, boosting its total holdings to an impressive 302,540 BTC, worth $21.48 billion. This strong inflow highlights growing investor confidence, especially in products from BlackRock and Fidelity, overshadowing the outflows from ARK 21Shares. The Valkyrie Read more about Bitcoin ETFs See $131M Inflows Despite Market Volatility #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #News, #Re...
Read more

Ripple Targets Asia-Pacific with New Blockchain Fund

Image
Ripple is advancing its footprint in the Asia-Pacific region with the launch of the XRPL Japan and Korea Fund, targeting blockchain innovation through the XRP Ledger. Announced on Tuesday, the fund is designed to bolster blockchain initiatives across Japan and Korea, key markets within the Asia-Pacific. This move follows Ripple's collaboration with Georgia's national bank to digitize the nation's economy and the completion of its acquisition of Standard Custody. XRPL Japan and Korea Fund: A Catalyst for Blockchain Growth Ripple’s XRP Ledger, a decentralized public blockchain, underpins the XRP cryptocurrency and drives the company's cross-border payments and remittance services. The new fund is poised to enhance the adoption of XRP and the XRP Ledger by focusing on corporate partnerships, grants for developers, investments in s Read more about Ripple Targets Asia-Pacific with New Blockchain Fund #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regu...
Read more