IOTA has announced a strategic partnership with Tokeny, with the goal of integrating Tokeny’s enterprise-grade tokenization technology into the IOTA EVM (Ethereum Virtual Machine). According to the IOTA Foundation Blog, this collaboration will enhance on-chain compliance and control over token trading, ensuring that only qualified investors can participate.Unlocking Enterprise-Level Tokenization on IOTA EVMFor businesses exploring decentralized finance (DeFi), it is important to comply with legal requirements such as anti-money laundering and securities regulations. Such compliance protects investors, ensures transparency and fairness, maintains market integrity, and builds trust essential to the sustainability of financial markets. It…
Author: Crypto Flexs
The Ethereum (ETH) ecosystem has suffered $400 million in exploits this year, with cryptocurrency hacks up 50%, according to new research from cybersecurity firm SlowMist. According to SlowMist’s 2024 mid-year report, the second-largest digital asset by market cap lost the most funds due to ecosystem exploitation, followed by layer 2 scaling solutions Arbitrum (ARB) and Blast. “From an ecosystem perspective, Ethereum suffered the biggest loss, at $400 million. Next was Arbitrum, with a loss of $72.46 million, and Blast, with a loss of $70 million. Additionally, Binance Smart Chain (BSC) experienced a total of 57 security incidents, with losses amounting…
According to OKX, cryptocurrency exchange OKX has announced that it has successfully completed the AGIX token migration. This update represents a significant step in the platform’s ongoing efforts to improve token offerings and streamline services.Deposits and WithdrawalsIn addition to the previous one, OKX also re-enabled deposits and withdrawals for Fetch.ai (FET). However, the exchange stated that it will no longer support AGIX deposits going forward. Users are advised to carefully monitor this change to avoid potential disruptions to their trading activities.Risk AdvisoryOKX has issued a risk warning highlighting the speculative nature of digital assets and…
ADA trading volume soars but price falls Several indicators and indicators on the charts pointed to a bullish rally. Like most cryptocurrencies, Cardano (ADA) Also, the daily chart turned green a few days later, indicating a good performance over the last 24 hours. However, there could be better news as ADA could be on the verge of a bullish breakout if certain conditions are met. Let’s take a look at what ADA needs to do to maintain its strength on the price chart. Cardano sees more green Before the most recent increase, Cardano’s price had fallen by more than 9%…
BNB Chain officially announced the winners of the Q2 2024 Hackathon themed ‘One BNB – Coding the Future’. The event attracted developers from all over the world, showcasing a wealth of talent and innovative projects. Out of 196 submissions, 10 projects advanced to the Demo round and competed for the top 3 spots. Main Challenge Winner A total of $50,000 in prize money was awarded. ranking compensation winner Top 1 $15,000 Context Pilot Top 2 $10,000 each Kiwi Pad Bot, Memehub.AI Top 3 $5,000 each Babydrop,…
Binance transferred $14.75 million worth of PEPE between hot wallets. Dormant holder sells 10 billion PEPE coins for $112,000 $2.75 million worth of PEPE long positions were liquidated as a result of derivatives liquidation. PEPE has spent most of this year climbing the global cryptocurrency rankings, but the frog-themed meme coin’s double-digit gains are usually followed by sharp corrections in the cryptocurrency markets.Binance prepares PEPE for massive market activityAs the overall cryptocurrency markets witnessed a full-blown decline this Wednesday, PEPE was not spared from the bear market either. As Bitcoin (BTC) briefly fell below $60,000 for the first time since…
Binance, a major cryptocurrency exchange, announced that it is removing several spot trading pairs, including AMB/.BitcoinIOST/BTC, LINA/BTC, as part of the periodic review process. According to Binance’s official announcement, the delisting will take effect on July 6, 2024. Reason for delisting Binance conducts regular reviews of all listed spot trading pairs to ensure a high-quality trading environment for users. Factors such as low liquidity and low trading volume are important considerations for delisting. This routine evaluation aims to protect users and maintain market integrity. Termination details In line with the upcoming delisting, Binance will also…
William Lonergan Hill, who was arrested in April along with Samurai Wallet co-founder Kion Rodriguez on charges of money laundering and operating an unlicensed money transfer business, has been granted bail by the U.S. government, although the specific terms have not yet been determined.According to a recent letter from Hill’s attorney, the parties have agreed to post bail for Hill, but disagree on where his time should be spent. The attorney argues that the 65-year-old developer, who grew up in Brooklyn and moved to Paris and Portugal, should be allowed to stay in Portugal with his wife. According to the…
Semilore Faleti is a crypto writer specializing in journalism and content creation. He started out writing on a variety of topics, but Semilore soon discovered a knack for tackling the complexities and nuances of the fascinating world of blockchain and cryptocurrencies. Semilore is attracted to the efficiency of digital assets in terms of storing and transferring value. He strongly supports the adoption of cryptocurrencies, believing that they can improve the digitalization and transparency of the existing financial system. Semilore has been actively writing about cryptocurrencies for the past two years, covering many aspects of the digital asset space including blockchain,…
A prominent cryptocurrency analyst has issued a warning that one of the popular altcoins could be headed for a significant correction. Cryptocurrency trader Ali Martinez told his 66,600 followers on social media platform X that decentralized oracle provider Chainlink (LINK) could see a massive price drop after failing to hold a key support level. “LINK could potentially face a 45% price drop if it falls below $12.70!” Source: Ali Martinez/X According to the trader’s chart, LINK appears to be in danger of breaking out of a head and shoulders reversal pattern. In technical analysis, this pattern often indicates the beginning…