In a post on X Platform, cryptocurrency research firm Token Terminal revealed that Coinbase’s second-layer blockchain network, Base, currently hosts around 80% of Uniswap’s monthly active traders. Base launched in August 2023 and began rapidly gaining market share among decentralized exchange (DEX) traders in early 2024. According to data from Token Terminal, it has now replaced the Ethereum mainnet and competing blockchains, including Arbitrum One, another Ethereum layer 2.Related: Primary TVL Surpasses OP Mainnet, Surges to $8 Billion in DaysData shows that Ethereum, Arbitrum, and Polygon previously dominated DEX trading activity. According to L2Beat’s data, Arbitrum remains the largest layer…
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Crypto Scams, Hacks and Exploits and How to Avoid Them: Crypto-Sec Deepfake Fraud: Bitcoin Conference AI Leaks $79K During the Bitcoin 2024 conference, which took place on July 25-27, crypto users lost over $79,000 due to a deepfake AI livestream of the conference. The fake livestream featured footage of Elon Musk speaking, but while Musk was rumored to be in attendance, he did not actually speak at the conference and was clearly unrelated to the video. This is similar to numerous other Musk-related scams that have popped up online. Michael Dunworth, co-founder of cryptocurrency payment service Wyre, reported the deepfake…
There is a lot of information online about how to protect your digital assets, but less written about the physical threats to cryptocurrency and Bitcoin holders. There has been a worrying increase in physical attacks on cryptocurrency holders over the past few years.The arrest of five Russian nationals in Phuket in February highlights a worrying trend of violent crime targeting cryptocurrency holders. According to local authorities, the suspects kidnapped a Belarusian couple and forced them to transfer about 31 million baht ($901,200) worth of cryptocurrency before releasing them. The incident occurred near the Lorong intersection in Muang District, where the…
Company • July 31, 2024 1:40 PM EDT Posted 1 minute earlier In ~ About the AuthorJames Hunt is a journalist for The Block, based in the UK. As the author of The Daily newsletter, James also brings you the latest crypto news every weekday. Prior to joining The Block in 2022, James worked as a freelance writer in the industry for four years, contributing content to publications and crypto projects. James’s coverage ranges from Bitcoin and Ethereum to layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, trending NFTs and memecoins, regulatory landscapes, crypto company deals, and…
SEC Seeks to Amend Binance Lawsuit Affected platforms include Solana, Cardano, and Polygon. There may be several reasons why the SEC would take this action. The U.S. Securities and Exchange Commission (SEC) currently has the most power over crypto assets. In particular, the agency often takes legal action to enforce its views, as seen in the recent lawsuit against Binance. Specifically, the lawsuit labeled 10 crypto assets, including Solana and Cardano, as unregistered securities, which could set a detrimental legal precedent for these altcoins. Most recently, legal considerations have prompted the SEC to re-evaluate this definition. The agency asked the…
Alvin Lang July 31, 2024 17:14 a16z Crypto has led a Series A funding round for Daylight, a protocol that aims to decentralize energy management through decentralized energy resources. a16z Crypto, a venture capital fund known for its investments in cryptocurrencies and web3 startups, has announced a significant investment in Daylight, a company focused on decentralizing energy management through distributed energy resources (DER). The move comes as part of a broader trend toward deploying DERs such as solar panels, batteries, and smart thermostats, which are seen as critical to modernizing the energy grid. Daylight’s…
B&B It showed significant bullish momentum, with a positive candlestick crossing the 100-day simple moving average (SMA) within the 4-hour timeframe. According to the previous market scenario, the digital currency was rejected several times at the $572 level. This sustained resistance paves the way for bulls to take the lead and push the price higher, targeting the $605 resistance level. As the market dynamics change, the key question is whether BNB will continue to Uptrend We reached our new goal of $605. In this article, we will analyze the recent price movements of BNB using technical indicators to see if…
Bitcoin (BTC) was volatile at the Wall Street open on July 31 as the market looked ahead to U.S. macro events and the monthly close.BTC/USD 1-hour chart. Source: TradingViewBitcoin falters ahead of Fed Powell meetingAccording to data from Cointelegraph Markets Pro and TradingView, the daily high on Bitstamp was $66,814 ahead of the Federal Reserve’s decision to change interest rates.According to CME Group’s FedWatch tool, the market expects the Federal Open Market Committee (FOMC) to keep interest rates unchanged until September, but traders are keeping an eye on comments from Federal Reserve Chair Jerome Powell after that.“We expect volatility to…
Many people are interested in investing in cryptocurrencies, but it is important to consider several factors when choosing the right currency and an exchange to trade and store it. First, you need to decide which currency to buy based on the different grades and methods of purchase.Cryptocurrencies are divided into those that have proven their reliability and those that have recently entered the market, so you can investigate which currencies are popular at the moment. Many people are curious about the potential of these currencies and the benefits they can provide.Features of choosing an exchange to buy cryptocurrencyIf you want…
People • July 31, 2024 11:03 AM EDT Posted 1 minute earlier In ~ First I had steak, now I have Snickers.Former US President Donald Trump promoted a limited edition Bitcoin-themed sneaker on social media on Wednesday, shortly after this year’s Republican presidential nominee spoke at Bitcoin 2024.“Speaking at the Bitcoin Conference in Nashville, Tennessee on Saturday,” Trump said in a Truth Social post. “Get your Bitcoin sneakers now. They are limited edition, individually numbered, and you can now pay with Bitcoin or your favorite crypto.” In his keynote speech at the Bitcoin 2024 conference in Nashville last Saturday, President…