Ethereum Consolidates Near $2,800, Why ETH Could Rally Again

Ethereum rallied above $2,750 against the US Dollar. ETH price is now consolidating near $2,800 and might rise further above $2,850. Ethereum started a fresh increase above the $2,750 resistance level. The price is now trading above $2,750 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $2,775 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating above $2,750 and might start another increase in the near term. Ethereum Price Eyes More Upsides Ethereum started a…

Australian competition regulator takes Meta to court over fake crypto ads

The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that the firm and its Irish branch engaged in “false, misleading or deceptive conduct” by publishing scam celebrity crypto ads. Some users have lost hundreds of thousands of dollars to the sophisticated and long running scams tied to the ad. The spotlight on Meta has heated up in Australia since the start of February, with Cointelegraph previously reporting that the ACCC was investigating the firm over allegedly fraudulent crypto ads. Aussie…

Rare Bears Discord phishing attack nabs $800K in NFTs

Recently launched NFT project, Rare Bears, was hit with an attack, after a hacker posted a phishing link in the project’s Discord channel, stealing nearly $800,000 in NFTs. Analysis from blockchain security firm Peckshield detailed that the attacker was able to steal 179 NFTs, including Rare Bears and other NFTs from various collections, including CloneX, Azuki, a “mfer” from artist sartoshi, and 6 LAND tokens used for The Sandbox metaverse. According to on-chain analysis, most of the NFTs were sold, netting the hacker 286 ETH, worth over $795,500, most of…

[NAKURU NEAR-MEET] Harnessing Opportunities in Web3

After a successful first meetup during the BitKE Nakuru Crypto Tour, Sankore 2.0 is back in Nakuru for a second visit to introduce Web3 to more even more people and help them jump onto this burgeoning space. Web3 is the next evolution of the internet and it leverages on blockchain technology to build a decentralized digital infrastructure. To help attendees better grasp the opportunities in Web3, Sankore 2.0 will bring the finest of the bunch within the NEAR ecosystem in Kenya and those who have been shaped by the experiences…

Coinbase Wallet adds support for Solana

Top U.S. crypto exchange Coinbase has added wallet support for Solana (SOL) and its ecosystem of Solana tokens (SPL). Coinbase cited the surging interest in Solana over the past 12 months as investors look for low-cost alternatives to Ethereum as a key reason behind adding support to the network. The expanded wallet support comes just a few days after the firm launched Coinbase Pay, which enables users to fund their wallets directly via a web browser extension. In a March 18 blog post announcing the move, the firm also loosely…

Bitcoin Holds Uptrend Support, What Could Trigger Sharp Decline

Bitcoin started a fresh increase above the $41,000 resistance against the US Dollar. BTC is struggling near $41,500, but it is still above the $40,000 support. Bitcoin is trading well above the $40,000 support zone. The price is trading above $39,800 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $40,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a sharp decline if there is a clear move below the $39,000 support. Bitcoin…

GameStop looks toward NFT marketplace launch after big Q4 loss

Much loved retail video game store chain GameStop (GME) is looking ahead to its long-awaited NFT marketplace and Web3 gaming unit after suffering a net loss of $147.5 million during Q4 2021 GameStop quietly built a barebones NFT website in mid-2021 but has significantly ramped up efforts this year after unveiling an NFT and Web3 gaming division in January along with penning a major partnership with Ethereum (ETH) scaling solution Immutable X the following month to build an NFT marketplace. As part of the Q4 results — ending on January…

Blockchain tracking sweetens the pay of Ghana’s cocoa farmers

Cocoa product startup Koa launched a blockchain-based program this week that improves the transparency of its cocoa supply chain and ensures its Ghanaian farmers are being paid properly. The program is supported by partnerships with German supply chain company Seedtrace and South African telecoms company MTN Group. Koa said it hopes to “improve transparency and accountability” by ending what it calls “scandals and cocoa farmer poverty.” Corporations such as Oreo and Chips Ahoy producer Mondelez have been accused of paying farmers a rate below a living wage by the Conseil…

Optimism saves users $1B in fees, raises $150M in Series B

Popular Ethereum scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz (a16z) and Paradigm at a total valuation of $1.65 billion.  According to a blog post from Optimism, the Layer 2 (L2) solution has saved users of the Ethereum network over $1 billion in gas fees. The funding will be used to expand the Optimism team and go towards working on reducing network fees even further. Fees on the Optimism network were reduced by a cumulative 30% last year, and now the team…