Several industry leaders in crypto and fintech, from Gemini and Crypto.com to Robinhood and influential blogger Scott Alexander, have spoken out against a proposed rule change that could ban political prediction markets in the United States. Elizabeth Warren and other Democratic lawmakers recently pressured the U.S. Commodity Futures Trading Commission (CFTC) to finalize rules clarifying that prohibited so-called “event contracts” include “staking or risking anything of value on the outcome of any political contest, awards show, or sporting event involving one or more athletes, or the occurrence or non-occurrence of such a contest or event,” thereby prohibiting entities registered with…
Author: Crypto Flexs
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The first week of August 2024 got off to a turbulent start in the cryptocurrency markets, sparking widespread concern. Despite the unfortunate developments, several tokens showed notable gains, especially towards the end of the week. This analysis highlights the altcoins that have seen the biggest gains over the past few days, including Sui (SUI), Zcash (ZEC), and Helium (HNT). SUI Price Answers Grayscale’s Call The price of SUI, the native token of the Move programmed Layer-1 blockchain, saw one of the biggest single-day gains on August 8, rallying to $0.83 and ending the first week of August 2024 with a…
Rebecca Moen 10 Aug 2024 03:05 BNB Chain has announced a proof-of-concept hackathon for Q3 2024 with over $500,000 in prizes. Key tracks include gaming, social, and payments. BNB Chain has announced the Proof of Idea for its upcoming Q3 2024 Hackathon, offering participants a chance to win over $500,000 in prizes. According to the BNB Chain Blog, the event is supported by sponsors including Polyhedra Network, Dora Factory, DEGO Finance, TUSD, Sonorus, THENA, Stakestone, MyShell, and Hacken, providing the ultimate opportunity for blockchain developers to showcase their skills and innovate. Key Dates workshop2024.07.23…
Cboe withdrew and resubmitted its application to list spot options. Bitcoin Bitcoin +0.33% The exchange-traded fund (ETF) was trading late Thursday, suggesting the SEC may be weighing in on the process.Earlier Thursday, Bloomberg Intelligence analyst James Seifert said he expects options on spot bitcoin ETFs to launch in Q4. “The final deadline for SEC decisions is ~September 21, but after that, there are still more steps from the OCC and CFTC,” Seifert wrote on X.However, shortly afterwards, the Miami International Stock Exchange, MIAX PEARL, and BOX Exchange withdrew their applications to list spot Bitcoin ETF options, according to documents filed…
Not stalling near $0.12 as demand and inflows slow However, if we retest $0.014, a potential profit of +10% would be at risk. In addition to the overall market rally, native tokens of projects linked to Telegram and The Open Network (TON) have benefited from the listing of Toncoin on Binance. Clicker game Notcoin (NOT) was no exception. NOT jumped up 15% and hit $0.012 on its listing day, August 8. However, since then, the price action has been somewhat stagnant. So what’s next for the viral Telegram game? NOT – Key levels to watch out for Source: NOT/USDT, TradingView…
Peter Zhang Aug 10, 2024 04:17 CleanSpark (CLSK) announced Q3 FY2024 financial results, with revenue up 129% and a $50 million line of credit from Coinbase. CleanSpark, Inc. (Nasdaq: CLSK), a prominent Bitcoin mining company, has released its financial results for the third quarter of fiscal 2024, which ends June 30, 2024. According to CleanSpark, the company achieved revenue of $104.1 million, which is a significant 129% increase over the same period last year.Profit and LossDespite impressive revenue growth, CleanSpark reported a net loss of $236.2 million for the quarter. The company’s adjusted EBITDA…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Earlier this week, the cryptocurrency market witnessed a massive crash, with Bitcoin hitting a low of $48,000. This trend affected many of the top cryptocurrencies and deepened losses in several altcoins. As a result, Insidebitcoins has compiled the following list due to these developments. Best Altcoins to Invest in Today. These tokens have been diligently researched and proven to provide significant returns. We evaluate recent performance and historical data for a balanced analysis. The goal is to identify exactly why they are worth…
Company • August 9, 2024 12:39 PM EDT Posted 1 minute earlier ~ in Updated: August 9, 2024, 2:54 PM EDT Cross-border payments company Ripple has started testing its stablecoin Ripple USD (RLUSD) on two blockchain networks.”We are excited to announce that Ripple USD (RLUSD) is now live in private beta. Ripple (XRP) +3.21% Ledger and Ethereum Mainnet, Ripple On Friday, he posted on social media platform X: “RLUSD is not yet available for purchase or trading as it has not received regulatory approval. Beware of scammers claiming to have or be able to distribute Ripple USD.”On June 25, Ripple…
On August 9, Ripple Labs announced the first tests of its US dollar-pegged stablecoin, Ripple USD (RLUSD), on the XRP Ledger (XRPL) and Ethereum mainnet, with plans to deploy the fiat-pegged token on additional blockchain networks in the future.According to Ripple Labs, the upcoming stablecoin will be over-collateralized, meaning each unit of RLUSD will be backed by USD reserves or short-term cash equivalents from banks at a 1:1 ratio to the US dollar. To ensure transparency and accountability, Ripple has also committed to third-party audits of the underlying cash assets and monthly reports on reserves.The cryptocurrency company also reiterated its…
Jessie A Ellis Aug 10, 2024 04:36 AssemblyAI announces new endpoints for LeMUR Claude 3 and major updates to Zapier integration for increased automation and flexibility. According to AssemblyAI, AssemblyAI has expanded the capabilities of LeMUR Claude 3 by introducing two new endpoints. The newly added Question & Answer and Summary endpoints complement the existing Task endpoint and are compatible with the latest Claude models, including Claude 3 Opus, Claude 3.5 Sonnet, Claude 3 Sonnet, and Claude 3 Haiku. New endpoint for LeMUR Claude 3 Following the launch of Claude 3 support in LeMUR…