Decentralized finance (DeFi) network Kujira and several major ecosystem projects have agreed to merge into a single entity called the “Rujira Alliance” to build a new application layer for the cross-chain liquidity protocol THORChain.The new application layer will not simply be “another small project,” but a new DeFi “behemoth” that could one day compete with Solana, THORChain founder John-Paul Thorbjornsen (known as “JP THOR”) argued in a September 10 X post. source: John-Paul Torbjornsen Thorbjornsen told Cointelegraph that the new project will feature “integrated finance” and that he will become the project lead in the near future, allowing the Kujira…
Author: Crypto Flexs
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Rebecca Moen September 9, 2024 10:28 Binance is launching a fee-free SEPA bank transfer option for EUR deposits to receive EURI, improving user experience and complying with MiCA regulations. In a recent announcement, Binance announced that it has introduced a fee-free SEPA bank transfer option that allows users to deposit EUR and receive EURI, the EURO stablecoin. According to Binance, the new feature will be available from September 5, 2024, to October 5, 2024.Introduction to Eurite(EURI)Eurite (EURI) is one of the pioneer EURO stablecoins regulated under the Cryptocurrency Market Regulation (MiCA) within the European…
The Texas Securities and Exchange Commission (TSSB) announced on Monday that it has reached an agreement with GS Partners, a company that offered a variety of cryptocurrency investments, to return 100% of the funds invested by investors in five U.S. states.The TSSB said in a statement that after a multi-jurisdictional investigation, Texas, Alabama, Arizona, Arkansas and Georgia reached settlements with GS Partners owner Yosip Hite and his companies. This means that GS Partners will repay investors’ money in full and there will be no monetary penalties in exchange for dismissing all civil lawsuits and investigations against the company. GS and…
Coinbase-based Layer 2 Base chain hosts social network Friend.Tech. The developers’ move toward decentralization was not well received by the FRIEND community. Machi Big Brother, aka ApeCoin Whale, Spent $16.7 Million and Has Less Than $1 Million Left Friend.Tech, a popular Web3 social networking platform, recently decided to abandon smart contracts and make their network completely decentralized. By moving the contract to a null address on Ethereum (ETH), the developers completely gave up their administrative powers.Decentralization movement takes a dark turnThis has caused considerable anxiety among platform users. While this move ensures that nothing on the platform will change, it…
Ethereum is under pressure at the time of writing, and we looked at the formation on the daily chart. In summary, ETH is stable on the last day, but has fallen 9% in the last week of trading. It is noteworthy that the trading volume has decreased significantly over the past few days. Overall, traders are bullish and expect the price to reverse and surge higher, overcoming the immediate local resistance. While this is developing, on-chain data points out other developments that leveraged traders should monitor closely. Over 40,000 ETH Moved on Derivatives Exchanges According to one analyst, citing CryptoQuant…
Timothy Morano September 10, 2024 01:12 a16z Crypto announced the 21 startups selected for the CSX Fall 2024 cohort, focusing on AI, DeFi, infrastructure, and consumer applications. a16z Crypto has revealed the 21 startups selected for its Crypto Startup Accelerator (CSX) Fall 2024 program, which kicks off this week in New York. According to a16z Crypto, this cohort will participate in an intensive eight-week program designed to provide first-hand learning from leading cryptocurrency founders, guidance from a16z’s investment and operations teams, and the opportunity to build connections within the broader a16z network. Diverse global…
Toncoin (TON) took a big hit after Telegram founder Pavel Durov was arrested on August 25, dropping more than 25% in value. This included a drop to $4.45 on September 6, before surging 15% to $5.15 by September 9.Despite the recovery, technical indicators show that Toncoin is at risk of continuing its current downtrend.TON Price Crisis 30% Drop in SeptemberTON’s continued price recovery is part of an inverse cup and handle pattern that forms a circular top followed by a period of consolidation. The inverted cup and handle is a bearish continuation pattern. It is usually resolved when the price…
After arrest On August 24, 2024, the activities of Telegram founder Pavel Durov were confirmed by French authorities. ton +6.26% The network has grown exponentially, with network transactions and active addresses increasing dramatically. The TON network’s 7-day moving average (7DMA) of daily transactions has reached a new all-time high. The network hit an all-time high of 8.68 million transactions on August 31, surpassing the previous record of 8.56 million on January 17.The number has continued to grow throughout the past week, reaching over 10 million transactions on Friday. That number is now up more than 160% since Durov’s arrest.The 7-day…
Iris Coleman September 10, 2024 01:49 Learn how blockchain innovations like AMMs, DAOs, and zero-knowledge proofs are transforming industries beyond crypto, as discussed in a16z crypto’s latest podcast. Recent advancements in blockchain technology have been making significant progress not only in the cryptocurrency space but also in a number of other industries. These advancements were highlighted in episode 50 of the ‘web3 with a16z’ podcast by a16z crypto, a venture capital fund known for investing in cryptocurrency and web3 startups since 2013. The episode features a16z crypto’s Senior Research Advisor and Stanford University Professor…
reporter Posted: September 10, 2024 The number of transactions on the Soneium testnet has exceeded 3 million. Meanwhile, top L2s such as ARB and OP have turned strong. Popular Japanese tech company Sony has entered the blockchain space with the launch of Soneium, the latest Ethereum (ETH) L2. Its recent release has created quite a buzz in the community, and Soneium has become one of the most talked about topics in its field. The popular sonerium Sony announced the launch of ETH L2 on August 23rd. Official statementSoneium is the infrastructure network that forms the foundation of Web3. The goal…