Louisa Crawford 28 Aug 2024 03:38 Binance announces support for the Kaia (KLAY) network upgrade and hard fork, and temporarily suspends deposits and withdrawals. Binance, one of the major cryptocurrency exchanges, has announced support for the upcoming Kaia (KLAY) network upgrade and hard fork. According to an official announcement from Binance, the exchange will temporarily suspend deposits and withdrawals of KLAY tokens starting from 2024-08-29 00:30 (UTC). Network Upgrade and Hard Fork Details The Kaia network upgrade and hard fork is scheduled to occur at block height 162,900,480 or approximately 2024-08-29 01:30 (UTC). This…
Author: Crypto Flexs
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Company • August 27, 2024 3:20 PM EDT Posted 1 minute earlier ~ in Osprey Funds, sponsor of the Osprey Bitcoin Trust (OBTC), has entered into an agreement with Bitwise Bitcoin ETF (BITB) and Bitwise Asset Management, pursuant to which BITB will acquire all assets of the OBTC Fund. The move comes after Osprey said in March this year that it was considering a potential sale or merger with a Bitcoin ETF, among other strategic moves. Osprey had until September 1, 2024, to complete the sale or merger, or it would have liquidated OBTC.“As part of this transaction, OBTC unit…
Ethereum Foundation (EF) Contributor Josh Stark posted on social media on August 27 a breakdown of the organization’s spending over the past two years.Stark shared this information after speculation grew that the Foundation was planning to sell off a large amount of Ethereum. The rumor spread after a wallet linked to the Foundation made a large transfer.Stark also hinted that the Foundation plans to release an expenditure report ahead of this year’s Devcon, scheduled for November 12th.Funding DetailsStark shared two pie charts showing the Foundation’s funding allocations for 2022 and 2023. The charts show seven key areas: New Agencies, L2…
DOGS, a new community-driven meme coin, has hit a snag on its launch. The maximum limit of DOGS issued as reward tokens via Telegram bots is 550B. A savvy investor made $77,000 on the day the coin was listed. A new meme coin called DOGS raised eyebrows with its massive on-chain activity on the day it was listed on multiple exchanges. Listed on Binance on August 26, 2024, DOGS soared 124% to hit an all-time high of $0.001733 by the afternoon of the same day.After facing a market correction of over 20%, DOGS recorded a massive trading volume of $1.75…
Terryl Dickey 21 Aug 2024 12:30 Binance announces new limited-time offers every Wednesday via its Earn platform, including Simple Earn, ETH Staking, and Dual Investment. Binance, the world’s leading cryptocurrency exchange, has announced that it is launching new limited-time offers every Wednesday via its Binance Earn platform. According to Binance, these offers include opportunities for Simple Earn, ETH staking, and Dual Investment. Popular limited time specials Binance’s new offers are available on a first-come, first-served basis and include both flexible and locked products. Users can view their assets by going to Wallets > Earn.…
Recent price spikes in the cryptocurrency markets have been somewhat short-lived, most recently when Bitcoin (BTC) briefly rose to $65,000 on August 24. According to data from Glassnode, traders have become wary of using leverage to hedge risk and chase bigger gains in the crypto markets. In The Week Onchain Newsletter on August 27, analysts explained that the “phenomenon” or reduced appetite for speculation and leverage is reflected in the “vast number of tokens currently showing neutral funding rates,” which “makes it likely that the spot market will take the lead in the short term.” Binance Funding Rate Heatmap. Source:…
Tony Kim 27 Aug 2024 21:07 Learn the basics of encryption and its importance to digital security, as explained in the latest DevSpeak from Gala News. In the latest installment of DevSpeak, Gala News explores the essential concepts of encryption and its importance in the field of digital security. Encryption is a critical process that ensures data privacy and security, a cornerstone of the Web3 world. Encryption, Definition Encryption is the process of converting readable information into a coded form that can only be deciphered by authorized parties. This process uses complex algorithms to…
Two prominent cryptocurrency strategists predict that layer 1 protocol TONcoin (TON) will rebound after last week’s sudden correction. Altcoin Sherpa, an anonymous analyst, told his 220,700 followers on social media platform X that TON could rise by more than 23% from its current value. “I bought TON spot last night, I’ll hold on to it and see what happens. $5.50 was my entry point, I’ll be patient. I think these averages will recover a bit, these are decent entry points from a TA (technical analysis) perspective. My target is around $6.30.” Source: Altcoin Sherpa/X Another anonymous analyst, The Crypto Dog,…
Venture Capital • August 27, 2024 1:52 PM EDT Posted 1 minute earlier ~ in Updated: August 27, 2024 1:57 PM EDT Happy Tuesday! In today’s newsletter, we have news about a Microsoft-backed blockchain and AI startup raising an additional $20 million, Aave Labs proposing to integrate BlackRock’s BUIDL into its stablecoin system, MakerDAO rebranding to Sky, and more.Meanwhile, Anthony Scaramucci discusses the importance of not alienating crypto voters in the latest episode of The Scoop podcast.Let’s get started.Microsoft-backed AI, blockchain startup Space and Time raises $20 millionMicrosoft-backed startup Space and Time Labs has raised $20 million in Series A…
Peter Zhang 27 Aug 2024 21:33 The Wyoming Blockchain Symposium brought together industry leaders to provide key insights into regulatory developments and energy strategies in the cryptocurrency space. The Wyoming Blockchain Symposium recently brought together 250 of the leading minds in the digital asset industry. Hosted by SALT in partnership with Kraken and the University of Wyoming, the event highlighted Wyoming’s pioneering role in cryptocurrency regulation and energy innovation, according to Bitwise Investments. Wyoming’s Regulatory Environment Wyoming has been at the forefront of supporting digital assets, particularly through its Special Purpose Depository Institution (SPDI)…