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Fulcrom Finance, a perpetual trading protocol on Cronos, is expand ing into the zkSync Era to further support its staking community. Following this announcement, the decentralized finance (defi) solution has announced a $100,000 reward pool to celebrate this milestone. Fulcrom Finance expands to zkSync Era On Oct. 5, Fulcrom Finance said it will expand into zkSync Era. The layer-2 protocol utilizes zero-knowledge (ZK) technology to enhance scalability, security, user experience, and community engagement while remaining decentralized. You might also like: iShares Bitcoin ETF absent from DTCC website after initial listing Fulcrom Finance also bridged 2.4 billion FUL from Cronos to zkSync Era at launch, making it one of the largest protocols by total value locked (TVL) on the layer-2 solution. FUL is the native token of Fulcrom Finance. Commenting on this integration, Martin Alastair, the product lead at Fulcrom Finance, said: “Fulcrom Finance shares the...

Over the past 24 hours, 41,186 Bitcoin traders were liquidated, according to data from Coinglass. The total value of these forced sell-offs was $112.67 million, highlighting the increasingly bearish sentiment around the cryptocurrency. The largest single liquidation order during this period took place on Binance for $4.53 million worth of Ethereum (ETH) against Bitcoin (BTC). This indicates traders betting on a bounce for Ethereum against Bitcoin, a bet swiftly stopped out. These liquidations come as Bitcoin’s price languishes well below its all-time high. Bitcoin is trading around $27,692, representing a 0.53% drop over the past 24 hours. Over the past seven days, Bitcoin has lost 0.36% as bullish momentum remains elusive. You might also like: Crypto analyst calls for Bitcoin price to blast off Compared to its November 2021 peak of nearly $65,000, Bitcoin is now down over 57%, highlighting the broad crypto downturn that has transpired over the past year. Lingeri...

ChatGPT and trading bots are on the rise, but can you trust their recommendations? Laurence Moroney, AI Lead at Google, discusses the intersection of AI and web3 in an exclusive interview with crypto.news. Artificial intelligence (AI) and blockchain technologies are advancing rapidly. With the increased accessibility of AI, the risk of misinformation has grown, as tools like ChatGPT enable everyone to generate large volumes of misleading content. Experts suggest that blockchain has the potential to address this issue. Web3 could provide a secure and verified identity system, ensuring the accuracy and reliability of information in the AI era. Crypto.news talked with Laurence Moroney, AI Lead at Google, during the SmartCon conference by Chainlink in Barcelona about this and other topics. We explored the synergy between web3 and AI, why you should not rely on ChatGPT and trading bots, and whether AI could really threaten humanity. You might also like: AI won’t realize its pot...

Coinbase International Exchange has received regulatory approval. The approval underscores the company’s commitment to global expansion. Coinbase’s CEO continues to advocate for regulatory clarity. Coinbase, a leading cryptocurrency platform, has achieved a significant milestone by gaining regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures trading services to retail customers outside the United States. This development marks a strategic move to expand Coinbase’s global presence in the cryptocurrency market. Global futures market dominance The global futures market plays a pivotal role in the cryptocurrency ecosystem, accounting for nearly 80% of the total crypto market. It facilitates leveraged transactions and derivatives trading, which often contribute to market volatility. With this approval, Coinbase International Exchange aims to tap into the immense trading activity in the crypto derivatives ...

Bybit, one of the largest derivatives crypto exchanges in the world, announced on September 20 that PayPal’s (NASDAQ: PYPL) stablecoin named PYUSD will be available for trading on their platform. Spot trading will also be made available for Bybit’s users. Notably, the PayPal USD pair against Tether USD on Bybit (PYUSD/USDT) has already made over $26,617 of exchange volume in the last 24 hours of press time, as the order book is starting to get filled by crypto traders and market makers. According to renowned crypto reporter Colin Wu (@WuBlockchain), other known centralized exchanges like Coinbase, Kraken, Gate, Cryptocom, and Huobi had already listed PYUSD with multiple pairs. PayPal’s stablecoin is also one of the very few cryptocurrencies allowed to be offered by service providers in the state of New York, according to a very exclusive pre-approved greenlist by the NY regulators. This list got smaller on September 19, after the removal of Dogecoin (DOGE) and XRP. New York cr...

Newsquakes, Twitter Volume and Most Active On-Chain alerts helped Cointelegraph Markets Pro users find three assets that had big moves. Last week, Cointelegraph Markets Pro, an institutional-grade crypto intelligence and alerts platform, provided subscribers the opportunity to trade three coins that embarked on momentum-fueled price moves.  The advanced data analysis tools at Cointelegraph Markets Pro used three alert systems to highlight these coins. Newsquakes, which inform traders of potentially price-moving news alerts in real time, was triggered by Sommelier (SOMM) on Friday, March 17. The Twitter Volume indicator, which measures a project’s mentions and activity on the social media platform Twitter, exposed Immutable X (IMX) as a potential candidate for a significant price move before the move occurred in full. One of Cointelegraph Markets Pro’s newest indicators, Most Active On-Chain, shows the projects with the biggest increase in the number of addresses on-chain over the last...

While the crypto market in 2022 was hit by a slew of insolvencies and daily volatility, adoption seems to have continued apace on the global level. It’s no secret that the crypto market was gripped by bearish pressure for the entirety of 2022. However, amid all the volatility and chaos, many positive news stories appeared as well — especially regarding the global adoption of digital assets and crypto-related technologies in general. Looking back at 2022, here are some key adopt ion-related events that helped drive the industry last year. Polygon accrues 200 million addresses despite challenging 2022 Even though an air of financial uncertainty has shrouded the crypto market since the end of 2021, Polygon — a layer-2 scaling solution running alongside the Ethereum blockchain, allowing for speedy transactions and low fees — continued to witness a lot of growth in 2022. To this point, the network’s unique address count recently surpassed the 200 million mark, reaching a new all-time hi...

Source: Yeongsik Im/Adobe South Korean police have charged a man in his twenties with embezzlement and fraud – claiming that, during his military service, he fueled his crypto trading habits by selling bogus concert tickets online. The man, aged 22 but unnamed for legal reasons, was arrested at the Heungdeok Police Station in Cheongju, North Chungcheong Province. Joongang Ilbo and News1 reported that the man, police said, committed a “series of crimes” while he was serving in the military. All South Korean males must complete military service – usually for a period of 18 months. The police did not specify, but it appears that the man had been discharged from the armed forces prior to his arrest. Officers claimed that the accused used his mobile phone to trade crypto and use gambling apps online while he was still serving in the army. And they claimed that in order to fuel his crypto spending spree, he duped 191 people into buying fake tickets...

Bullish crypto momentum fizzled after Fed Chair Powell poured cold water on investors’ hopes that a positive CPI report would trigger a trend change, but higher time frames remain interesting. Crypto Markets threw a nice head fake this week by rallying into resistance on a “positive” Consumer Price Index (CPI) report, before retracing the majority of those gains right after Federal Reserve Chair Jerome Powell took on a surprisingly hawkish tone during his post-rate-hike presser.  The Fed hiked interest rates by 0.50%, which was well within the expectation of most market participants, but the eyebrow-raiser was the Federal Open Market Committee consensus that rates would need to reach the 5%–5.5%+ range in order to hopefully achieve the Fed’s 2% inflation target. This basically threw cold water on traders’ lusty dreams of a Fed policy pivot taking place in the first half of 2023, and the damper on sentiment was felt throughout crypto and equities markets. As the charts below show, Bit...