Top Five Stories of the Week Sen. Lummis introduces Bitcoin Strategic Reserve bill in Senate On July 31, Senator Cynthia Lummis officially introduced the Bitcoin Strategic Reserve bill, which would direct the United States government to start a reserve fund for the scarce decentralized asset. More specifically, the bill would establish a “decentralized network of secure Bitcoin vaults” under the control of the United States Treasury. The bill also directs lawmakers and bureaucrats to enact strict cybersecurity parameters and other physical security measures to ensure that Bitcoin funds are not stolen. Additionally, the bill laid out a goal of accumulating…
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Felix Pinkston Aug 2, 2024 09:57 Binance Futures has announced leverage and margin level updates for SOLUSDT, 1000PEPEUSDT, MEWUSDT, and TAOUSDT USDⓈ-M perpetual contracts. According to Binance, Binance Futures will update leverage and margin tiers for several USDⓈ-M perpetual contracts, including SOLUSDT, 1000PEPEUSDT, MEWUSDT, and TAOUSDT, starting from August 2, 2024, 06:30 (UTC). Update Details The changes to leverage and margin tiers are part of Binance’s ongoing efforts to provide users with a better trading experience. The updated tiers are designed to reflect current market conditions and allow traders to manage their positions more…
Despite the decline in daily active addresses, BNB’s daily trading volume has increased. BNB appears to be testing a key support level at the time of writing. BNB Chain (BNB) It has been known for its activity for years. The good news is that the blockchain has proven this once again, outperforming all its competitors in key aspects. Will this finally help push up the price of BNB? BNB’s recent performance Coin98 Analytics recently shared: Twitter We are revealing the main developments. According to the same, BNB has been the number 1 blockchain in terms of unique addresses over the…
Futu Securities International, a major Hong Kong online brokerage, began offering cryptocurrency trading services to retail customers on Thursday as the company looks to expand into the cryptocurrency sector.Futu said in a statement that it will allow Hong Kong investors to trade bitcoin and ether directly in Hong Kong dollars or U.S. dollars. “The market response has been relatively positive on the first day of the cryptocurrency trading service launch,” Steve Zeng, managing director of Futu Group, told The Block on Friday.The company claims to be the first online brokerage in Hong Kong to offer commission-free cryptocurrency trading. It also…
Rebecca Moen August 2, 2024 10:35 BitTorrent Inc. has introduced the BTTC Examples repository on GitHub to guide developers developing smart contracts on the BitTorrent Chain (BTTC). BitTorrent Inc. has taken a major step toward empowering developers by launching the BTTC Examples repository on GitHub. According to BitTorrent Inc., the initiative aims to guide developers, from beginners to advanced, to master smart contract development on BitTorrent Chain (BTTC).Granting permission to developersThe BTTC example repository is not just a collection of code. It is a comprehensive educational tool designed to transform beginners into experienced decentralized…
Top Five Stories of the Week Sen. Lummis introduces Bitcoin Strategic Reserve bill in Senate On July 31, Senator Cynthia Lummis officially introduced the Bitcoin Strategic Reserve bill, which would direct the United States government to start a reserve fund for the scarce decentralized asset. More specifically, the bill would establish a “decentralized network of secure Bitcoin vaults” under the control of the United States Treasury. The bill also directs lawmakers and bureaucrats to enact strict cybersecurity parameters and other physical security measures to ensure that Bitcoin funds are not stolen. Additionally, the bill laid out a goal of accumulating…
Top Five Stories of the Week Sen. Lummis introduces Bitcoin Strategic Reserve bill in Senate On July 31, Senator Cynthia Lummis officially introduced the Bitcoin Strategic Reserve bill, which would direct the United States government to start a reserve fund for the scarce decentralized asset. More specifically, the bill would establish a “decentralized network of secure Bitcoin vaults” under the control of the United States Treasury. The bill also directs lawmakers and bureaucrats to enact strict cybersecurity parameters and other physical security measures to ensure that Bitcoin funds are not stolen. Additionally, the bill laid out a goal of accumulating…
The 12 largest spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded their largest single-day outflows on Friday, August 2, in more than 90 days (60+ trading days) since May 1. According to SoSoValue data, the total daily outflow level on August 2nd was $237.45 million, the highest since the $563.77 million outflow on May 1st, and the fourth-highest single-day outflow since the launch of the spot Bitcoin ETF in January. Grayscale recently released Bitcoin Mini Trust ( Bitcoin -0.69% ) was one of two ETFs to see inflows, with a small inflow of $9.88 million in additional funds. On…
Iris Coleman Aug 2, 2024 10:53 CoinGecko reports that the average price of Metaverse Land has plummeted 72% from its all-time high, reflecting broader market trends. According to a recent report from CoinGecko, the average price of Metaverse Land has plummeted by 72% from its all-time high. The study highlights significant declines in major Metaverse projects, reflecting broader market trends in the cryptocurrency and NFT sectors. Significant reductions across major projects According to CoinGecko, the cost of Metaverse Land in 2024 will be between 0.08 ETH and 1.88 ETH (around $250 to $5,960). This…
Mass liquidations have shaken sentiment in the cryptocurrency market. Major altcoins such as XRP, Dogecoin, and PEPE have taken a big hit. The recession has also hit market giants hard. The cryptocurrency market was rocked to its core by a major event. A massive wave of liquidations swept through the industry, leaving a trail of financial destruction in its wake. Billions of dollars worth of digital assets were forcibly sold off in a matter of days, sending shockwaves through the markets. The decline exposed the vulnerability of the cryptocurrency ecosystem, with even the oldest players caught in the vortex. The…