Features Crypto News by Thebittimes.Com

Pardoned Silk Road founder Ross Ulbricht — or somebody who controls his wallet keys — has seemingly lost around $12 million on two disastrous trades on memecoin platform Pump Fun. Ulbricht, who was pardoned by President Donald Trump earlier this month, had been receiving donations, including Solana (SOL), from the crypto community throughout his 10-year prison stay. While most assumed he’d simply sell these assets upon his release, the world learned today that he — or someone who controls his keys — has instead been trading on Pump Fun . Unfortunately, the wallet’s owner made a catastrophic mistake on at least two Solana orders and lost an estimated $12 million . To make things worse for Ulbricht, he lost the funds to a sophisticated Maximal Extractable Value (MEV) bot operator, meaning he’s not even able to claim that he was giving back to his community of supporters. Ulbricht accidentally created a Constant-Product Market Maker ...

An altcoin linked to a security-focused crypto wallet skyrocketed by more than 43% in one day, outperforming the broader crypto market. Safe (SAFE) is a smart contract wallet that runs on multiple blockchains. The project’s native token, SAFE, is trading at $1.36 at time of writing, up from around $0.95 on Wednesday. The 124th-ranked crypto asset by market cap is also up nearly 55% in the past week and more than 74% in the past month. Comparatively, the overall crypto market cap is up 1% in the past day, according to CoinGecko. Danilo Pereira, a product marketer at Safe, notes that the project’s total value locked (TVL) is 5x larger than the TVL for Robinhood’s centralized exchange. TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem. On Thursday, after SAFE’s price gains materialized, the project announced the launch of gasless deployment with the ...

OKX has launched its crypto exchange and Web3 wallet in Brazil, marking a significant expansion into the Latin American market with a focus on providing secure and comprehensive crypto trading and defi services. Global web3 technology company OKX has recently expanded its reach by launching a crypto exchange and web3 wallet platform in Brazil. This move provides Brazilian users with direct access to decentralized finance and cryptocurrency trading. The introduction of the OKX platform in Brazil is notable for its inclusion of Brazilian real fiat-on-ramp capabilities, facilitating easier entry for local users into the crypto market. The OKX Exchange offers a comprehensive platform for trading a vast array of crypto currencies. It stands out with its advanced crypto Features , such as staking rewards and defi integrations, catering to both novice and experienced traders. As we continue our global mission to drive crypto forward, we're excited to announce the official launch ...

Pyth Network’s token debuts with a $468 million market cap and an innovative airdrop to 90,000 wallets. Pricing oracle service Pyth Network today launched its cryptocurrency token PYTH, immediately gaining a substantial market presence. As of its first trading day, the token’s market capitalization was approximately $468 million, with its value initially set at around $0.53 per token, fluctuating to $0.34. Pyth Network issued an airdrop to about 90,000 wallet holders. These recipients are granted a 90-day window to claim their PYTH token s, playing a pivotal role in the network’s on-chain governance processes. Today marks the launch of the Pyth Network’s permissionless mainnet, ushering in a new era of token-led governance for the protocol. Ecosystem participants can actively engage in Pyth Governance by locking their $PYTH Tokens in the Pyth staking program to cast votes on community… pic.twitter.com/KNmwWptD3K — Pyth Network (@PythNetwork) November 20, ...

Uniswap Labs has released its new Android mobile wallet app, offering users direct swap capabilities and enhanced accessibility in the decentralized finance space. Uniswap Labs’ new Android mobile wallet app, recently made available on the Google Play Store, is a significant move in the crypto industry. The app allows users to swap currencies directly, avoiding the need for extra browser extensions. Uniswap, which developed the app and is overseen by UniswapDAO, currently manages over $3 billion in crypto in its contracts. Say hello to Uniswap on Android. pic.twitter.com/AmybYVhZWa — Uniswap Labs (@Uniswap) November 14, 2023 The app’s launch on Android, coming after a closed beta in October and an iOS version in April, shows Uniswap’s effort to reach more users, and Per Uniswap Vice President of Design Callil Capuozzo, allows users to more efficiently copy and paste wallet addresses based on user feedback. The app now supports several languages and let...

Collectibles.com is gearing up for its much-anticipated launch. Collectibles.com is a Web3 collectibles marketplace that allows collectors to buy, sell, and trade assets. Kresus Collectibles.com partnership makes Kresus the preferred wallet solution for Collectibles.com collectibles. In a strategic move set to reshape the world of collectibles and blockchain technology, leading app developer Kresus has announced its partnership with Collectibles.com, a Web3 collectibles marketplace that is set to launch in October. Kresus, renowned for its secure and user-friendly crypto wallet , has been designated as the preferred crypto wallet solution by Collectibles.com. This partnership will be pivotal in Collectibles.com’s mission to revolutionize the global collectibles industry through blockchain innovation. Collectibles.com to launch in October Collectibles.com is slated for an October launch and is poised to become the world’s first Web3 community...

Ledger is one of the leading hardware wallet manufacturers. Ever since there has been a drop in users’ trust in centralized exchanges, users have been veering into self-custody. Users started moving their funds off of exchanges into cold wallets, including Ledger and Trezor. Ledger has recognized market sentiments and released a new product called the Ledger Stax. The new wallet is a collaboration with Apple iPod creator Tony Fadell. JUST IN: Ledger partners with Apple iPod creator Tony Fadell to develop its latest #crypto hardware Wallet . — Watcher.Guru (@WatcherGuru) December 6, 2022 Ledger drops Stax during peak sale time The announcement by Ledger comes at a time when the hardware wallet manufacturer is enjoying a boost in sales. The wallet is sleeker and better looking. In terms of size, it will fit in the palm of your hand like a credit card and retail for $279. “We wanted to do something that is more fun and fits with where culture...