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Hewlett Packard Enterprise and NVIDIA unveil a co-developed AI portfolio, NVIDIA AI Computing by HPE, aimed at accelerating the adoption of generative AI in enterprises. (Read More)
BlackRock’s BUIDL Fund: Unpacking Its Significance for the Crypto and TradFi Sectors In the ever-evolving landscape of finance, BlackRock’s recent announcement of the BUIDL Fund has sparked significant interest and speculation within both the cryptocurrency and traditional finance (TradFi) communities. This fund aims to invest in companies that are building innovative solutions in the blockchain [...]
The post Unpacking BlackRock’s BUIDL Fund: Impact on Crypto and Traditional Finance appeared first on Crypto Breaking News.
The best Backpack referral code is “cryptoninjas“, a unique code offering existing Backpack users trading fees rebates and commissions for inviting others to join. To apply the Backpack referral code
The post Backpack Referral Code (cryptoninjas): Steps to Claim Free Airdrop in 2025 appeared first on CryptoNinjas.
Backpack Exchange is a regulated platform that offers a comprehensive suite of trading features while serving as a gateway to the Web3 ecosystem. Backpack offers low fees and provides everything
The post Backpack Crypto Exchange Review: Is It Safe to Trade Cryptos in 2025? appeared first on CryptoNinjas.
Backpack Initiates Process for Former FTX EU Users to Reclaim Funds Backpack, a leading digital asset platform, has launched the claims process for previous users of FTX EU who were affected by the exchange’s closure. Users can now submit their claims to retrieve their funds through Backpack’s streamlined and efficient procedure. The process is designed [...]
The post Backpack Expands Claims Process for Former FTX EU Users appeared first on Crypto Breaking News.
Backpack also facilitates non-fungible tokens listing and sales, providing a user-friendly platform for users interested in NFTs.
Learn more about the activities to earn more points in the upcoming potential Backpack airdrop on Solana.
Here are some airdrops that require minimal cost to participate!
Ron DeSantis understands the ethos of cryptocurrency. For single-issue crypto holders, that puts him ahead of the pack in the 2024 presidential race.
Loopring (LRC) prices remain under pressure, dropping roughly 20% days after announcing the launch of non-fungible token (NFT) Red Packet 2.0. Loopring Announces Red Packet 2.0 Loopring, a layer-2 decentralized exchange using zkRollups on Ethereum allowing traders to exchange assets, said NFT Red Packet 2.0, currently available on their Loopring Smart Wallet and the web app, let users transfer ERC-20 tokens and NFTs adapted to the ERC-1155 standard. Unlike the popular ERC-721 standard for building NFTs, the ERC-1155 version is more flexible, empowering users to create semi-fungible tokens and ordinary NFTs. Loopring developers started building Red Packets in 2021. However, developers expanded on traditional Red Packets creation when they also announced Blind Red Packets on April 20. Using this solution, users can only unveil the content of the “packet” after a given period. Supporters claim Red Packets will change the economics of NFTs and drive mainstream adoption while opening up more possibilities, especially in gaming, ticketing, and more, primarily because of the cost involved. Unlike transacting on the Ethereum mainnet, using layer-2 platforms for trading or asset transfer is relatively cheap. Related Reading: LoopRing Price Lags Despite Relief, Is LRC Double-Digit Gain Feasible? Users can securely send assets, including tokens and NFTs, off-chain while avoiding the high fees. However, they still are secured by the Ethereum mainnet. As an illustration, users on the mainnet have to pay $43.83 when writing on April 23. Meanwhile, based on L2Fees data, sending ETH on Loopring costs $0.06. Because of this allowance, users can pack thousands of NFTs on Loopring’s Blind Red Packets and gift them to users without having to pay high fees. It is an addition that the Loopring community has positively received, but that has not prevented prices from edging lower, as visible in the daily chart. LRC Drops 20% In 5 Days LRC is trading at $0.338, down 20% from April highs, and is underperforming Bitcoin and Ethereum in the past 24 hours. Notably, prices broke lower on April 19 before they were confirmed on April 20 and in the second half of last week. When writing, prices are stable but remain within a bearish formation, having reversed all losses posted on April 14. On this day, Loopring revealed that more than 200,000 unique addresses were using its platform. Despite the contraction of LRC prices, the token has more than doubled from December 2022, when prices fell to as low as $0.188. The token is also up 30% from March 2023 lows as prices currently retest a critical support line. Related Reading: Loopring Wobbles In Last 2 Months – Can LRC Stay In The Loop? Featured Image From Canva, Chart From TradingView
Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of income resulting from cryptocurrency transactions. Ukraine Set to Incorporate EU Crypto Regulations Into National Law A regional leader [...]
The post Ukraine to Adopt Europe’s Crypto Rules, Clarifies Taxation appeared first on Crypto Breaking News.
The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours. Defi Value Swells Close to 2% Higher to Over $50 Billion With [...]
The post Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain appeared first on Crypto Breaking News.
Hedera said the March 9 smart contract exploit has not impacted the network or its consensus layer.
A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app.
Crypto exchange FTX, led by Sam Bankman-Fried, has received a lot of press this year for acting as a lender “of last resort”, launching bids for distressed companies such as BlockFi, as the contagion crisis spread across the crypto markets.
Today, it was announced that the venture arm, FTX Ventures, is co-leading a $20 million strategic round into Coral, the makers of Anchor, the most popular Solana development framework.
The funds will be used to launch Coral’s first flagship product, named Backpack. The premise for Backpack is intriguing – an interactive wallet that delivers crypto-native experiences through executable NFTs (xNFTS). The idea is that users can access all of their assets and decentralised apps in one place.
It seems simple, but that’s kind of the point. I have written many a time about how one of crypto’s biggest problems remains how clunky the wallet experience can be. Additionally, jumping between browsers, tabs and wallets is a nuisance. Backpack, therefore, aims to help smooth out these issues.
Backpack is designed to be a flexible tunnel, allowing users to land at applications, games or assets across blockchains – again, something which crypto has not been very good at to date. This problem is possibly why FTX Ventures had their heads turned by this investment, alongside other participation from Jump Crypto (co-leaders as well), Milticoin Capital, Anagram and K5 Global.
This is potentially the ‘iPhone launch moment’ for Web 3 with xNFTs as apps, xNFT marketplace as the App Store, and CoralOS as the iOS. It is surprising that Backpack hasn’t been built in Web3 until now
Ramnik Arora, Head of Product at FTX
Of course, this is a crypto startup and, like any startup, poses a healthy degree of risk. Add into the mix the turbulent macro climate, where financial assets across the sphere are getting hammered, and it is definitely a nervous time to be a start-up.
Nonetheless, the raise is a powerful signal of intent and some welcome good news, something we are getting precious little of these days.
For FTX, they’ll be hoping that Coral’s Backpacker will deliver on its potential and provide returns that only crypto startups can. Backpack has been launched recently into Private Beta, and – purists will be delighted to know – the code is open-source.
I wrote recently about how well run FTX has been, alongside Binance, when compared to most exchanges. The company has been led prudently by Sam Bankman-Fried, and as the bear market has arrived, the gulf between FTX and Binance and some of the other more aggressive players in the space has become glaringl obvious.
As is the nature of the game, this is a longshot investment. But FTX continues to expand their portfolio and grow their influence on the cryptocurrency industry. It will be hoping that someday down the line, the money mentioned in this article is peanuts compared to what it is worth.
The post FTX continues to grow its empire, invests in Coral’s Backpack appeared first on Invezz.
Ledger is running a special promo on their hardware wallets! Now you can get both the Ledger Nano X and the Ledger Nano S Plus, with a 10% discount and free shipping! Click here to get the promo!
The post Promo Ledger: Backup Pack at 10% discount plus free shipping appeared first on Crypto Breaking News.
The top meme tokens by market capitalization saw a significant jump on Monday after being fueled by dogecoin’s recent price rise. Crypto meme coins like shiba inu, dogelon mars, and floki inu saw 2-13% gains over the last 24 hours. The entire meme token economy is worth $35.8 billion, up 9.4% today. Meme Token Assets […]
BTC price is caught in the middle of a game of tug-o-war, as evidenced by the fact that pro traders are equally pricing upside and downside risk instruments.
Episode 83 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Larry Cermak, VP of Research at The Block, and Fadi Aboualfa, Head of Research at Copper. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to [email protected] This […]
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