Following months of build-up and speculation, Coinbase (COIN) listed on the Nasdaq and in true cryptocurrency fashion, opening day trading was a volatile affair that may have had a widespread effect on the cryptocurrency market. COIN's reference price was initially $250 but the stock opened at $381 and rapidly rose to a high of around $429.54 before reversing course to $310 … [Read more...] about Bitcoin price drops to near $61K shortly after COIN lists on Nasdaq
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Binance Smart Chain’s TurtleDex rugpulls shortly after launch
Turns out a turtle’s arms are plenty long enough to pull a rug. Yesterday, March 19 Binance Smart Chain (BSC) file storage project TurtleDex performed a “rugpull” exit scam — a colloquial term for when a project’s developers drain the liquidity or stored funds invested by the protocol. Coming off a March 15 presale round that raised 9000 BNB tokens worth nearly $2.5 million, … [Read more...] about Binance Smart Chain’s TurtleDex rugpulls shortly after launch
Energy Web Token (EWT) rallies 50% shortly after listing on Kraken
One of the biggest debates taking place on a global scale relates to energy production and the integration of renewable energy sources into an electrical grid dominated by carbon-based fuels and nuclear power. Energy Web Token (EWT) is one project that is growing in popularity as it aims to integrate blockchain technology into the energy sector. The project also plans to help … [Read more...] about Energy Web Token (EWT) rallies 50% shortly after listing on Kraken