To celebrate its 7th anniversary, Binance has launched an exclusive referral promotion, allowing users to share 700 BNB worth of token vouchers. According to Binance, the promotion period will be from July 10, 2024, 08:00 (UTC) to July 23, 2024, 23:59 (UTC).How to participateParticipants must click the (Participate in Campaign) button on the activity page to participate in the campaign. To invite friends, users can get a unique referral link from the same page and share it. To successfully perform the referral, new users must register through the referral link and achieve a minimum cumulative…
Author: Crypto Flexs
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Bitcoin closed at $60,000 on July 10, as bulls battled for support at key trend lines.BTC/USD 1-day chart. Source: TradingViewBTC Price RSI Provides Classic ReboundAccording to data from Cointelegraph Markets Pro and TradingView, the Bitcoin (BTC) price soared to $59,459 on Bitstamp that day.BTC/USD is up 1.5% at the time of writing after a quick rally during the Asian trading session, with the pair bouncing out of a classic “oversold” situation.Market participants have been discussing the issue extensively, especially with the Relative Strength Index (RSI) hitting its lowest level in 10 months.Source: Kevin SvensonPopular trader Daan Crypto Trades wrote in…
Major exchanges have filed for approval to list the first-ever Solana ETF. The filing follows a major win for the first Bitcoin ETF in the United States. A positive decision could lead to the creation of more cryptocurrency ETFs. For investors looking to get a piece of the Solana (SOL) pie through traditional exchange-traded funds (ETFs), the future may be brighter than ever. Chicago Board Options Exchange (Cboe) Global Markets, a major player in the exchange world, has filed a request with the Securities and Exchange Commission (SEC) to list an ETF directly tied to the popular cryptocurrency. The move…
Taiwan’s central bank said today it may begin testing a central bank digital currency prototype later this year.The CBDC prototype will not use blockchain or smart contracts. Rather, it will be implemented through Taiwan’s digital ministry’s upcoming government “digital voucher” system.Yang Jin-long, governor of Taiwan’s central bank, briefing On Wednesday, the central bank announced in parliament that it plans to work with the Digital Ministry to develop a CBDC prototype that could be integrated into the ministry’s digital voucher platform. The Taiwanese government has previously issued stimulus vouchers to spur spending.Yang said that in the future, government agencies could issue…
Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will be undergoing wallet maintenance starting on July 17, 2024 at 07:00 UTC. According to Binance, the maintenance is expected to last approximately one hour. Impact on deposits and withdrawals During the maintenance period, deposits and withdrawals for all networks will be temporarily suspended. Binance has assured users that there will be no impact on trading activity due to this maintenance. Once the network is deemed stable, deposits and withdrawals will resume without further notice. Key points to note Token trading is not…
The application for the first Solana (SOL) exchange-traded fund (ETF) on the Chicago Board Options Exchange (CBOE) has been filed with the U.S. Securities and Exchange Commission (SEC). According to new filings with Cboe, VanEck and 21Shares both applied for Solana futures ETFs yesterday. VanEck executive Matthew Siegel also confirmed the social media platform X’s application for a Solana ETF. “VanEck is excited to announce that CBOE has filed a 19b-4 to list and trade shares of the first Solana exchange-traded fund (ETF) in the United States! We look forward to working with the SEC throughout the review period.” The…
The approval of a spot cryptocurrency ETF, along with the influx of new funds and the inclusion of more traditional gaming companies, shows that Web3 gaming is reaching a turning point. That’s according to Robbie Ferguson, co-founder of game development platform Immutable. “The Web3 ecosystem is at a pivotal point in reaching a future where players have true ownership of their assets and share control of the marketplace with studios. It’s a win-win,” Ferguson told the magazine. This year has been a big year for cryptocurrency adoption, with a spot Bitcoin ETF getting approval in January and a spot Ether…
Blockchain detectives at analytics firm Elliptic alleged in a new report released Wednesday that Cambodia-based marketplace Huione Guarantee was involved in money laundering and other crimes. According to Elliptic, cryptocurrency wallets associated with Huione and independent merchants have received at least $11 billion since its founding in 2021. Elliptic presents this figure as a conservative estimate. “Not all of these transactions can be definitively linked to fraud or other illicit activity, but the nature of Huione Guarantee’s activities suggests that the majority of these payments are related,” the researchers wrote. According to Elliptic, Tether’s USDT +0.12% Stablecoins are one of…
The surge in celebrity meme coins has raised legal concerns about securities law violations and possible SEC crackdowns. Despite scrutiny, memecoins like MOTHER and DADDY are showing significant price resilience and popularity. The surge in celebrity memecoins has gained significant popularity, especially on the Solana (SOL) blockchain. Are celebrity meme coins getting noticed? But this increase has recently sparked speculation among legal experts that celebrities involved in creating and promoting these memecoins on Solana may have violated securities laws. Lawyers predicted that these celebrity-backed memecoins would attract the attention of U.S. securities regulators. Commenting on this, David Chung, Founding Director…
Monday, July 8, 2024 A new case study demonstrates the successful implementation of cross-chain Delivery-versus-Pay (DvP) payments using the EEA DLT Interoperability Specification. The Enterprise Ethereum Alliance (EEA) today announced a new case study demonstrating a successful implementation of the Distributed Ledger Technology (DLT) Interoperability Specification. The DLT Interoperability Case Study highlights a Delivery-to-Pay (DvP) settlement process involving multiple DLT networks. Key findings of the case study include: Successful interoperability between the private permissioned Corda network for securities management and the private permissioned Ethereum network for payments By implementing atomic settlements, as defined by the Bank for International Settlements, we…