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…
Author: Crypto Flexs
Read More
Investors in the recently shut down Starknet-based decentralized exchange ZKX appear to have been hit hard by the protocol’s closure, according to a post from X. As ZKX raised millions of dollars in VC funding and held its token generation event a few weeks ago, some, including blockchain expert ZachXBT, claimed the project could amount to a scam, while founder Edouard Juvani Tour defended its closure, saying it did not make economic sense to continue the project. “There is no denying that TGE did not live up to expectations, and the resulting losses have contributed to the current situation. As…
A widely known cryptocurrency analyst believes that one token in the Ethereum (ETH) ecosystem (DeFi) is showing signs of rising to greater heights. An analyst known by the pseudonym Credible Crypto told his 405,200 followers on social media platform X that the underlying asset of stablecoin-focused decentralized exchange Curve DAO (CRV) is “going way higher” after the entity locked up a total of 900 million CRV. “That’s almost a third of all CRVs that will ever exist (maximum supply of 3.3 billion) and 43% of the existing supply. Most of them will be trapped forever. This means that one-third of…
Jessie A Ellis 2 Aug 2024 11:25 KukuFM has significantly increased its audio series production capacity by integrating ElevenLabs’ AI text-to-speech technology. According to ElevenLabs, KukuFM, a leading audio content platform, has successfully tripled its audio series production capacity by integrating ElevenLabs’ AI text-to-speech technology. The collaboration has enabled KukuFM to produce over 3,000 episodes, including the highly rated series “Dragon’s Shadow – The Rise”, which maintains a 4.9 rating. Converting production capacity Faced with the challenge of expanding into global markets while simultaneously meeting exponential demand for content, KukuFM turned to ElevenLabs. The…
Welcome to NFT.New York!We’ve talked about scenarios of why you should think about protecting your assets.Now let’s discuss how Vault12 can help you easily and easily back up and restore your assets and set up inheritance for the future. Vault12 is a mobile app that lets you create a digital vault protected by trusted people (friends, family, business associates). As you accumulate assets, you can back them up in a Vault. This has the added benefit of creating an active inventory of all assets required for a comprehensive inheritance. Assets in the Vault are divided into pieces that are encrypted…
Binance Labs, the investment arm of cryptocurrency exchange Binance, recently welcomed four new altcoin projects into its Season 7 incubation program, a move aimed at fostering innovation and growth within the Web3 space. While Binance Labs offers extensive mentorship and resources, it is important to note that participating in the incubation program does not necessarily mean direct investment from Binance. This mentorship aims to nurture early-stage projects through specialized curricula and comprehensive resources across the Binance ecosystem. 4 Projects to Receive Mentorship from Binance Among the selected projects, Astherus, a liquidity hub for staked assets, stands out despite its modest…
Ted Hisokawa August 2, 2024 12:15 Boost Web3 adoption by exploring the latest Telegram mini-games on BNB Chain, including Eggdrop, Let’s Throw Slime, Treasure Quests, and more. The world of Telegram mini-games is buzzing with activity, especially within the BNB Chain ecosystem. According to the BNB Chain Blog, the growing interest is evident in recent moves by major institutions, including Binance Labs’ investment in Gomble, the developer of the popular Telegram mini-game EggDrop. What are Telegram mini-apps? Telegram Mini-Apps are lightweight applications that integrate seamlessly within the Telegram ecosystem. They provide users with easy…
Market • August 2, 2024 10:47 AM EDT Posted 1 minute earlier In ~ Morgan Stanley has told financial advisors that it will allow them to offer a spot Bitcoin exchange-traded fund (ETF) to some of its clients, CNBC reports.The move is the first of its kind among major Wall Street banks, according to a report from Morgan Stanley on Aug. 7. Allows financial advisors to recommend eligible clients buy shares of BlackRock’s iShares, two spot bitcoin ETFs. Bitcoin Bitcoin -4.11% According to a source familiar with the investment bank’s internal policy decisions, it is Trust and Fidelity’s Wise Origin…
ADA is down more than 4% over the last 24 hours, despite some recovery. Despite this decline, the trend of active addresses remained stable. Cardano (ADA) has been in a downtrend on the charts recently, hindering any potential recovery plans. And this downtrend is expected to have significant repercussions, especially since the number of active addresses has not moved much during this period. Cardano crashes and burns Analysis of the price trend of Cardano (ADA) on the daily time frame chart shows a significant decline recently. Specifically, ADA recorded a sharp decline of 7.38% on August 2nd, after which it…
Terryl Dickey August 2, 2024 12:31 Tezos introduces innovative tools that will revolutionize the mobile gaming industry, solving challenges and providing new opportunities for developers. Tezos is making waves in the mobile gaming industry, providing game developers with innovative tools to navigate a rapidly evolving market. According to Tezos Spotlight, the mobile gaming sector, which generates over $100 billion annually, faces challenges including economic pressures, changing user behavior, and fierce competition.Understanding the Current Mobile MarketThe mobile gaming market is undergoing significant change.Working after lockdown: As people spend more time outdoors, engagement with mobile games…