The bankrupt crypto company Celsius has released restructuring plans for its clients. Baby Doge Coin is preparing to transfer a significant number of tokens to dead wallets. Sergey Nararov, Co-Founder of Chainlink, believes that Chainlink’s (LINK) partnership with PwC will increase Blockchain adoption. We have compiled the hot developments regarding Alatcoins for our readers.
Breaking news from BabyDoge, Shiba Inu, LINK and 7 altcoins…
Celsius releases Restructuring Strategy
Crypto lender Celsius has recently released restructuring plans for its clients, which are expected to be paid in cash, Bitcoin or Ethereum. Celsius, once a famous crypto lending institution based in New Jersey, froze customers’ withdrawals in June of last year and then filed for bankruptcy in July. At the time, Celsius claimed to have over 1.7 million registered users and nearly 300,000 active users with account balances of more than $100.
Baby Doge Coin (BabyDoge), preparing for the big burn
Over the next 24 hours, a significant number of Baby Doge Coins appear to be ready to be transferred to dead wallets. The good news was announced by the official Twitter account, which confirmed that for every token burned by the community on the official burning portal, five BabyDoges will be burned. The Baby Doge Coin burning portal was created in mid-February to put the burning power in the hands of the community and in turn constrain the supply of BabyDoge. According to the Baby Doge Coin team, it will support the community’s efforts by burning five tokens for each burnt on the official burning portal.
1 billion XRP unlocked from Ripple Escrow Account
According to whale watching platform Whale Alert, Ripple removed 1 billion XRP from escrow in three transactions in its latest token unlock round. Whale Alert said that the cryptocurrency giant unlocked 500 million XRP worth $271.05 million in the first transaction. This was followed by two token unlock events of 200 million and 300 million.
The XRP released from escrow is worth $534.61 million at the current exchange price. Many people watching Ripple’s movements in recent years will not be surprised by the current transaction.
Evernode reveals Hooks V3
The Evernode team, a second-layer decentralized, permissionless network built on XRP Ledger, has briefed on the next round of smart contract talent testing. It also explained who can participate in the test and who can take advantage of the Hooks v2 beta incentives. According to an official statement shared by the Evernode team, their infrastructure is ready for Hooks v3, the newest version of XRPL smart contracts beta testing. Users are advised to upgrade from Hooks v2 as the registration campaign for this phase has ended.
Shiba Inu whale on a buying spree
Crypto whale tracker WhaleStats has spotted another large Shiba Inu backlog of Ethereum whales. On March 31, 2023, an Ethereum whale purchased over $1 million in SHIB tokens in a single transaction. In detail, an Ethereum whale address named BlueWhale0073 bought 99,297,904,247 SHIBs worth $1,058,515. This comes amid high SHIB token burn rates and Shibarium Beta main-net launch. According to WhaleStats, the ETH whale in question is the 254th largest Ethereum wallet.
Polygon co-founder talked about zkEVM
Sandeep Nailwal, co-founder and Chief Operating Officer of blockchain platform Polygon, commented on the inaccuracies and confusion that have arisen in Polygon’s EVM-Equivalent via his Twitter page. In this context, he responded to the thread regarding the discussion between Toghrul Maharramov and Brendan Farmer about Polygon’s zkEVM implementation. On April 1, 2023, Nailwal shared a Twitter thread saying, “I hope this stops this useless definitions game”.
Chainlink (LINK) co-founder talks about collaboration with PwC Germany
Sergey Nararov, Co-Founder of Chainlink, believes that Chainlink’s (LINK) partnership with PwC will increase Blockchain adoption. Speaking to CNBC, the CEO claims the collaboration is exciting. He states that there has been an increase in venture and capital market interest. Especially in combining with crypto and Blockchain systems in the industry. Sergey Nazarov highlights the benefits of increased interest rate for the Chainlink (LINK) network. Also, Nararov notes that Chinalink (LINK) specifically specializes in connecting these systems to Blockchain in the most efficient way possible.
DeGods in Solana moves to Ethereum
DeGods, the largest collection of NFTs based on sales volume in Solana, began migrating to the Ethereum Blockchain in Hong Kong on Saturday, according to recent reports. Despite this move, activity on the Solana network has increased by 2.9% over the past 24 hours. cryptocoin.com As we reported Wednesday, DeGods’ sister project y00ts had begun migrating to Polygon. According to data from Dune Analytics, about 80% of Y00ts completed migration. The base price of DeGods on Ethereum is currently 10.4 ETH ($19,000).
Former Activision Blizzard executive joins Yuga Labs as CEO
Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) and CryptoPunks NFT collections, has a new CEO: Daniel Alegre. The executive stepped down as president and business manager of gaming giant Activision Blizzard to join the NFT initiative on April 1. “He couldn’t be more excited for this next episode,” Alegre wrote on Twitter. Alegre has been a key player in the growth of Activision Blizzard over the past years and has directed popular game franchises such as Call of Duty, World of Warcraft, Diablo, and Candy Crush.
Court rejects request for arrest of Terraform Labs co-founder
A South Korean court has denied the Seoul Southern District Procuratorate’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This move comes after the recent arrest of Do Kwon, another co-founder of Terra. On March 23, Kwon was arrested at Podgorica airport in Montenegro for attempting to use false documents to fly abroad. Taking advantage of this situation, the Seoul Southern District Attorney’s Office requested an arrest warrant on March 27, alleging that Shin was involved in cashing in illegal proceeds from sales of Terra (LUNA) and TerraUSD (UST).
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