Binance, a major cryptocurrency exchange, has announced that it is removing several spot trading pairs due to insufficient liquidity and trading volume. According to the latest announcement, the delisting will take effect on July 12, 2024 at 03:00 UTC. Reasons for delisting To ensure a high-quality trading environment, Binance conducts periodic reviews of all listed spot trading pairs. The decision to delist a particular pair is made based on factors such as low liquidity and declining trading volume. Binance aims to protect users and maintain a strong trading market by removing underperforming pairs. Impact on…
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Key Points Goldman Sachs targets institutional clients with new tokenization project Banks want to differentiate themselves from competitors by adopting private blockchains. Share this article Fortune reported Wednesday that Goldman Sachs is preparing to launch three tokenization projects by year-end targeting major institutional clients, citing Matthew McDermott, Goldman Sachs’ global head of digital assets.The upcoming development is part of a broader push into digital assets. McDermott said the bank sees tokenization, or converting real-world assets into digital tokens, as a key area of opportunity.McDermott said the focus will be on creating a marketplace for tokenized assets, speeding up transactions, and…
Bitcoin traders are facing bear market-level losses as a new report warns it could take months for prices to turn around.On-chain analytics platform CryptoQuant reported in its latest weekly report shared with Cointelegraph on July 10 that the Bitcoin (BTC) market conditions are looking similar to late 2022.BTC returns reflect the climate after FTX.Bitcoin is facing several challenges to get back on track for a bull run, and traders and miners are feeling the pressure.CryptoQuant revealed that recent large investors, known as whales, distributed $1 billion worth of coins in July alone.“The fact that new large investors are now realizing…
The Solana (SOL) blockchain’s new validator client is set to launch a new $1 million bug bounty program this week. Firedancer aims to improve the transaction processing speed, scalability, and efficiency of blockchains and is expected to be released sometime next year. A new bug bounty for the Solana verification client will award up to $1 million in USDC stablecoin to anyone who finds a bug in Firedancer v0.1. The program, run in conjunction with bug bounty platform Immunefi, began on Wednesday and will run until August 21. A Firedancer engineer known by the pseudonym CantelopePeel also recently shared an…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. Bitwise says the U.S. Securities and Exchange Commission (SEC) is actively discussing cryptocurrency ETFs (exchange-traded funds) in addition to Bitcoin and Ethereum, meaning the launch of a physical ETH ETF is imminent. “We have actually discussed with the SEC the possibility of doing new products going forward,” Kathryn Dowling, Bitwise’s chief compliance officer, told Bloomberg in a July 9 interview. “I think the communication with the SEC about the prospects for these products has been really welcome.” But she added that additional approvals…
Tread.fi, an algorithmic cryptocurrency trading platform founded by former Morgan Stanley employees, has raised $3.5 million in a pre-seed funding round.New Form Capital led the round, with participation from Aquanow, Varys Capital, GBV Capital, and Thanefield Capital, Tread.fi said Wednesday. The round was structured as a rolling simple agreement for future equity, or SAFE, along with a token side letter, setting the stage for a follow-on round in Q1 2025, David Jeong, former VP of quantitative research at Morgan Stanley and founder and CEO of Tread.fi, told The Block.The round closed in the first quarter of this year, Jeong said,…
Open Campus, a decentralized education protocol supported by multiple launch partners including Animoca Brands, has announced the Codex Hackathon Series. The initiative aims to encourage developers to build, with $1 million worth of EDU tokens up for grabs. Decentralized applications (dapps) are based on EDU Chain, the first blockchain built for educational purposes. Codex Hackathon Series Structure The Codex Hackathon series is divided into three semesters, each focused on incrementally building a comprehensive decentralized education ecosystem on blockchain. Semester 1 (July 8 – August 14, 2024): We focus on DeFi and infrastructure applications to…
Long-term holders had low confidence in ARB. ARB rose 6% and most market indices were bullish. Last month was a bloody battle for several cryptocurrencies, including: Arbitrage (ARB), Because it lost a significant amount of value, all ARB investors were forced out of the business. However, there has been a slight uptick over the past 24 hours. Could this change investors’ market position? Arbitrum’s risk status CoinMarketCap’s data Arbitrum’s price has dropped by more than 25% in the past month, IntoTheBlock, meanwhile, posted a tweet highlighting the surprising event. Depending on the Twitter, At the time of writing, 0% of…
Randomly guessing a long Bitcoin wallet password is about as unlikely as winning the Powerball 100 times in a row. But there are hackers who make a living doing exactly that. Two years ago, “Michael” contacted our white-hat team with a nearly impossible request. Could they help him brute force the lost password of a 10-year-old Bitcoin wallet, which currently holds $3 million worth of Bitcoin? The problem is that Michael’s lost password is 20 characters long, and since he used a password generator, he has no idea what the password was. Grand (YouTube) said, “No one would take on…
Bitcoin Bitcoin +1.27% According to CryptoQuant analysts, long-term holders are increasing their monthly holdings at the fastest pace since April 2023.CryptyQuant said, “Bitcoin whales have been increasing their holdings at a monthly rate of 6.3%, the fastest pace since April 2023, indicating increasing demand for Bitcoin.”The analytics firm’s Wednesday market report noted that increased demand for Bitcoin from long-term holders is supporting the digital asset’s price. This is despite the cryptocurrency’s increased supply in the market due to confiscated Bitcoin held by the German and U.S. governments and the distribution of funds from the closed Bitcoin exchange Mt. Gox. The…