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Injective, which builds DeFi-focused blockchain, has made a name for itself with important updates in 2023. Moreover, INJ drew attention with its price movements. In this content, we examine Injective, which is rapidly gaining popularity. The price of Injective has increased by 495% since the beginning of the year. On the other hand, positive news flows and updates were effective in the action of INJ bulls. During the year, it was seen that an infrastructure agreement was signed with China-based technology giant Tencent. Also, the network upgrades and various improvements supported the bulls. What is Injective, What Does INJ Do?…

Render Network became one of the altcoin projects that marked the year 2023. Starting the year at $0.40 levels, RNDR rose to $3 over time. With this momentum, RNDR has become one of the most rising altcoin projects. It was also among the 60 most valuable crypto money projects. What is Render Network, What Does RNDR Do? Render is one of the projects that offers the opportunity to use blockchain technology in different areas. Render Network is basically a protocol that brings together users who want to render and users who want to share GPUs. Users render rendering via OctaRender.…

Maverick Protocol (MAV) started operations after a long wait. The altcoin, which was distributed on Binance Launchpool, has attracted attention with the investors behind it and the support of Binance. Maverick Protocol is a DeFi protocol that aims to provide solutions to problems in liquidity provision in the ecosystem. MAV is the native token of the project and was distributed to users who staked BNB and BUSD on Binance Launchpool at the beginning of June. Maverick Protocol (MAV) has received the support of several key investment companies of the cryptocurrency market. Pantera Capital, Jump, Circle Ventures, Spartan Ventures are among…

Sui Foundation has responded to allegations that it is selling staking rewards through Binance. The developers of the popular Layer 2 project reported that everything is proceeding as planned. Recently, allegations that the Sui team secretly sold SUI came to the fore. Responding to on-chain transfer data, altcoin developers announced that they are not selling on Binance or elsewhere. “Incremental and planned transfers for ecosystem liquidityIt is underlined that ” The Sui Foundation reported that they never exceeded the supply on Coinmarketcap. Moreover “staking rewards of locked and uncirculated assets subject to the claim or any other tokens are not…

Prime Trust, a prominent crypto custody service, is currently facing imminent bankruptcy and the potential takeover by state regulators. This development has attracted significant attention, especially regarding Prime Trust’s substantial holdings of altcoins in its treasury. Nevada Division of Financial Institutions Aims to Acquire Prime Trust The Nevada Division of Financial Institutions has submitted an application to acquire Prime Trust, a cryptocurrency custodian. This move by the state regulator is intended to freeze all operations of the company. Earlier reports had indicated that Prime Trust was unable to meet customer withdrawal requests. According to documentation provided by the regulator, the…

Popular altcoin project Tezos (XTZ) has launched its fourteenth upgrade, Nairobi. It seems that the Layer 1 network can still come 8 times faster. The highly anticipated Nairobi upgrade for the Tezos blockchain was released earlier this week. The network’s 14th upgrade increases current transaction speeds by up to eight times. At the same time, a different pricing from previous blockchain versions has also been introduced. Now, instead of a single flat fee for everyone, a new mechanism is being introduced that charges users differently based on network usage. Development in smart roll-up technology of Nairobi and Tezos is aimed.…

BLUR, listed on the Upbit exchange, is on the rise. BeInCrypto Analyst Valdrin Tahiri evaluated the latest outlook on short and long-term charts. According to the daily chart, BLUR price has been losing ground below the descending resistance line since February 24. The popular altcoin, which fell to $ 0.28 on June 10, started to rise at this point. Stating that the rise gained momentum on June 27, Valdrin states that the price managed to rise above the resistance line, albeit for a short time. However, there is no close above this 133-day resistance yet: “Daily close above the descending…

The interest of large companies in the cryptocurrency ecosystem continues. After BlackRock’s move, another company took action in the USA. According to the latest news, US-based asset management company Fidelity is preparing a spot Bitcoin ETF application. According to sources reached by The Block, the company is preparing for the application. According to the sources, the company will make a formal filing with the SEC by Tuesday. As it will be remembered, on June 15, the world’s largest asset management company BlackRock applied for a spot Bitcoin ETF. Following this major development, other companies such as Invesco and WisdomTree also…

The developers of Chibi Finance, who built a DeFi platform in the Arbitrum ecosystem, performed Rug Pull. A loss of $1 million is reported, with the project team unreachable. It is charged with the Chibi Finance Rug Pull, a DeFi project at Arbitrum. According to the data, the developers of the recently launched platform stole 555 Ethereum (ETH). It seems that the team behind Chibi Finance is converting users’ staked tokens into ETH. Blockchain security firm PeckShield reported that client funds were diverted from the Arbitrum network to Ethereum. PeckShield, which monitors on-chain data, announced that Tornado Cash is used…

Hong Kong continues to make moves towards the use of crypto assets. HKVAC, one of the country’s rating agencies, has added 30 more altcoin projects to its digital asset index. The altcoin projects specified by the Hong Kong Virtual Asset Consortium (HKVAC) to meet the criteria are: WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT, WTRX, SHIB, TRX, LINK, LEO, XMR, XLM, OKB, LDO, HBAR, VET, QNT, FTM, EOS. Previously, Bitcoin (BTC), Ethereum (ETH), and some stablecoin projects were considered digital assets that fit these criteria. HKVAC is known as a consortium…