Solana (SOL) price rises as airdrops attract new users to the network

Over the past six months blockchain projects that have issued token airdrops have re-emerged. Most notably, the airdrops by Uniswap (UNI) and MEME will be remembered as recipients were rewarded with gains ranging from $20,000 to $600,000 simply for holding the tokens. One Ethereum (ETH) competitor that has seen numerous projects launch with airdrops in the past three weeks is Solana (SOL), an open-source project that focuses on utilizing blockchain technology to provide decentralized finance solutions. While Solana isn’t explicitly making a concerted effort to launch these projects, the protocol’s main…

No-Fee NFTs Save Immutable X Users $400k in 24 Hours

Share this article The Immutable X L2 NFT marketplace launched yesterday on Apr. 08, making gas fees totally free for users. $414,480 Saved on Day One of Launch The Immutable X marketplace opened yesterday, allowing users to buy in-game assets for its Immutable’s own blockchain trading card game, Gods Unchained. Users made 10,362 trades within 24 hours, each of which would have cost around $40 on Ethereum. The total sum would have amounted to $414,480 — however, for Immutable X users, the transactions were free. In the first 24 hrs…

Rewards system allows decentralized messaging app users to earn crypto

Make Sense Labs, a decentralized application firm backed by venture capitalist Tim Draper, now allows users of its social messaging app to earn rewards in crypto. According to an announcement from Make Sense, the technology company launched the crypto rewards feature on Monday on its Sense Chat app first developed in 2018. The app reportedly allows users to earn the company’s native SENSE tokens by interacting with others online, subscribing to different channels, inviting new users and creating message threads. Crystal Rose Pierce, CEO of Make Sense and wife of…

Users of top Indian crypto exchange report seeing ‘0’ funds during outage

Major Indian crypto exchange WazirX experienced disruptions caused by system failures for more than four hours Sunday.  In a tweet at 5:24 PM UTC, WazirX CEO Nischal Shetty reported that the crypto exchange had “hit some internal limits” set by one of the infrastructure providers. The load on Wazir’s system reportedly created “a ripple effect on all the services,” causing some of the exchange’s 1.8 million users to report being unable to see any funds in their accounts during the outage. “It’s because parts of the system are not working,”…

Indian crypto users suspect Flipkart’s Bitcoin announcement is an April Fools joke

Flipkart, India’s largest e-commerce company by sales, has said it will be accepting Bitcoin payments in what many suspect is an April Fools’ Day prank. In an announcement on Twitter today at 11:30 pm India Standard Time, Flipkart said it would be accepting Bitcoin (BTC) “as a convenient mode of payment” for its online marketplace. However, many users have refused to accept the e-commerce company’s seemingly pro-crypto stance given the timing — at the time of publication, it is already April Fools’ Day in India. The future is here. We…

NFT craze and institutional money to bring next 100 million crypto users, says Crypto.com CEO

Watch Cointelegraph’s latest interview with Crypto.com CEO Kris Marszalek to understand the catalysts that will push crypto to 200 million users. For more crypto and blockchain content, check out and subscribe to Cointelegraph’s YouTube Channel! When adoption? It took over a decade for crypto to reach 100 million users, or ~1% of the global population, according to a study by Crypto.com. But Marszalek expects the next 100 million users to arrive in a far quicker time frame. He said: “Going from 100 to 200 million is going to be much,…

New tech allows crypto users to mint NFTs with ‘proof of presence’

The latest product from IoTeX, a privacy-focused platform for the Internet of Things, reportedly brings the concept of a smartphone’s trusted execution environment with real-world data to the crypto space. Head of business development at IoTeX Larry Pang told Cointelegraph that the firm’s Pebble Tracker, a device capable of recording and encrypting data from the physical world, offers a new way to bring data ownership to users. Pebble Tracker is reportedly able to capture data including location, temperature, air quality, motion, and even light levels and record it securely for…

Federal judge’s decision could be a blow for the privacy rights of crypto users

A federal judge has implied that an individual may not have the right to force the Internal Revenue Service, or IRS, to expunge financial records it obtains from crypto exchanges. In granting a motion to dismiss filed in December, Judge Joseph DiClerico in the District of New Hampshire suggested the Internal Revenue Service has no obligation to honor requests to purge crypto transaction records it received from Coinbase or other exchanges regarding information for federal taxes. Dismissed in part for lack of jurisdiction, the civil rights case filed by plaintiff…

Microsoft reportedly polling Xbox users about Bitcoin payment option

Tech giant Microsoft seems to be considering introducing Bitcoin (BTC) payments at its Xbox gaming console online store. According to a March 21 Reddit post on r/XboxSeriesX, Microsoft has put out a survey asking Xbox users about their preferred payment options at its online store. “Which of these other payment methods would you like to use on Xbox?,” the purported survey asks, listing Bitcoin as one of the potential payment methods. The same photo has also been circulating across several other subreddits including r/ethtrader and r/Bitcoin. Microsoft is now asking…

MoonCats users are voting to destroy the keys to its final 160 ‘Genesis’ tokens

MoonCats, the long-dormant tokenized collectibles platform that was re-discovered earlier this month, now has a problem on its hands — trading bots. MoonCats collectibles depict 8-bit cats that live on the moon that can be traded or “adopted” by users. The project was launched on Aug. 9, 2017 by developer Ponderware, with a hard limit of 25,500 MoonCats set to be created through a process similar to Ethereum mining. However, the MoonCats community is now fearing the upcoming release of the final 160 Genesis cats may be hijacked by trading…