Bitcoin rose again to $58,000 by the opening of Wall Street on July 9 as the German government transferred more of its Bitcoin holdings.BTC/USD 1-hour chart. Source: TradingViewBTC price remains unchanged despite German government movesAccording to data from Cointelegraph Markets Pro and TradingView, the Bitcoin (BTC) price uptrend has peaked, reaching a daily high of $58,102 on Bitstamp.The exchange was one of several involved in a recent round of transactions to and from a German government-owned wallet. Both the inbound and outbound BTC transactions took place on the same day, the latter of which contained approximately 3,000 BTC at the…
Author: Crypto Flexs
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DEXs are also promising, but CEXs and tradFi still have the upper hand. Corruption losses and high price impacts have hit DEX. The latest DeFi technologies can make DEXs competitive. Decentralized exchanges (DEXs) play a key role in the cryptocurrency space, promising a future where trading is trustless, transparent, and free from the control of centralized institutions. However, despite this, DEXs have not yet reached the level of centralized exchanges. Furthermore, DEXs have not had a meaningful impact on traditional finance (tradFi). To understand why DEXs still lag behind centralized exchanges (CEXs), we spoke to Kilian Krings, founder and CEO…
FTX co-founder Gary Wang and former FTX director of engineering Nishad Singh are expected to be sentenced later this year after testifying against former colleague Sam Bankman-Fried.Sing is scheduled to be sentenced in a New York court on October 30, and Wang is scheduled to be sentenced on November 20. Court documentsBoth former FTX executives pleaded guilty and cooperated with prosecutors.Both men face decades in prison, but the collaborators “likely will have their sentences significantly reduced” under the government’s 5k1.1 agreement, Braden Perry said. Partner at Kennyhertz Perry and former federal execution attorney. This motion asks the U.S. government to…
The Ethereum Protocol Security (EPS) research team is excited to announce the launch of the first Ethereum Protocol Attackathon. immune. This four-week event aims to strengthen the security of the Ethereum protocol through a large-scale crowdsourced security audit competition. Our goal is to raise over $2 million for the reward pool, and EF has provided an initial seed of $500,000 for the pool. Ethereum Security Support We encourage the entire Ethereum community, from projects to individual developers, to participate in this important event. Contributing to the reward pool directly strengthens the security of the Ethereum ecosystem, creating a safer environment…
Oracle and Palantir have begun a collaboration to enhance their cloud and artificial intelligence (AI) capabilities. According to oracle.com, Palantir’s Foundry Platform and Artificial Intelligence Platform (AIP) are now certified on Oracle Cloud Infrastructure (OCI) and are generally available across all of Oracle’s distributed cloud deployment options. Enhanced AI and cloud capabilities By integrating Palantir’s AI and decision acceleration platform with Oracle’s distributed cloud, AI infrastructure, and sovereign AI capabilities, we aim to accelerate AI initiatives for enterprises and governments. This certification ensures that Palantir’s platform can leverage Oracle’s powerful cloud infrastructure to deliver enhanced…
According to digital asset tracking site Lookonchain, a cryptocurrency project that raised 820,000 ETH in an initial coin offering (ICO) in 2016 recently sold millions of dollars worth of ETH on a handful of exchanges. Golem Network (GLM) is an open source platform that aims to enable decentralized access to computing power. Lookonchain noted that the project raised a huge stack of ETH through an ICO in November 2016, when the price of ETH was just $10.20. Lookonchain revealed that Golem sold 24,400 ETH worth $72 million on cryptocurrency exchanges Binance, Coinbase, and Bitfinex over a three-day period. The project…
The agreement comes at a time when Bitcoin miners’ profits have fallen significantly since the April halving. Leading Bitcoin miner Hut 8 has secured a power purchase agreement for a site in West Texas, a major milestone following the April halving. The agreement gives the mining company access to 205 megawatts of power capacity, which is potentially available for immediate use. The transaction is part of Hut 8’s massive development pipeline, which includes 1,100 megawatts of exclusive energy capacity. The mining site is cleverly located near a wind farm and is connected to the ERCOT grid. As a result, Hut…
Bitcoin (BTC) is witnessing a fierce battle between the bulls and the bears. The buyers are trying to keep the price in the range of $56,552 to $73,777, while the bears are trying to push the price down. The sellers pushed the price down to around $53,500 on July 5, but the lower levels attracted the bulls to buy.According to Farside Investors, the U.S.-based Spot Bitcoin ETF saw net inflows of $143.1 million on July 5, the largest in a month. In a post on X, Bitwise Asset Management CEO Hunter Horsley said that investors without exposure to Bitcoin “have…
Pink Drainer lost 10 ETH ($30,000) in an address poisoning scam that exploited address similarity. The attackers tricked Pink Drainer into sending funds by imitating his wallet address. The attack came days after Pink Drainer announced it was shutting down operations. Surprisingly, the infamous cryptocurrency wallet leaking group Pink Drainer fell for an address poisoning scam and lost 10 ETH, worth around $30,000. The attack was flagged by cryptocurrency compliance platform MistTrack via a July 7 post. What happen? Address poisoning scams exploit the similarity between legitimate wallet addresses and fraudulent wallet addresses. In this case, the attacker sent a…
PayPal’s US dollar-pegged stablecoin, korean: -0.10% — Launched in August 2023 in partnership with custody company Paxos, with a market supply of over 500 million tokens.Since its launch, PYUSD’s supply has reached 230 million by the end of 2023. Since then, the stablecoin’s total supply has more than doubled, surpassing 500 million (or $500 million) this month, according to DeFiLlama data.In particular, stablecoin supply has increased by 97% in the past month, from 270 million on June 26 to over 533 million today. This puts PayPal in the top 10 stablecoin issuers, while Tether USD leads the field with over…