The sideways trading market is often a great time to leverage cryptocurrencies and generate passive income. In a recent Cointelegraph video, we analyzed five different crypto-based profit-making strategies and evaluated the pros and cons of each.StakingStaking allows cryptocurrency holders to earn profits by supporting Proof-of-Stake protocols. There are many different approaches to staking. For example, solo staking allows you to maintain complete control over your cryptocurrency, but requires high technical expertise. Conversely, staking-as-a-service allows you to outsource the process to a third party, which is convenient, but introduces the risk of centralization for cryptocurrencies.Cryptocurrency Savings AccountCryptocurrency savings accounts pay interest…
Author: Crypto Flexs
The Hong Kong Institute of Monetary Finance (HKIMR), the research arm of the Hong Kong Academy of Finance (AoF), has published two new applied research reports titled “Decentralized Finance: Current Environment and Regulatory Developments” and “Metaverse:” “Opportunities and Challenges for the Financial Services Industry.” Exploring DeFi and the Metaverse This report examines the cutting edge of decentralized finance (DeFi) and the metaverse, providing a comprehensive analysis of their applications within the financial services sector. It provides an overview of the international and Hong Kong-specific regulatory environment, and summarizes the findings of a survey and interviews…
The process for launching a spot Ethereum exchange-traded fund is “progressing smoothly,” U.S. Securities and Exchange Commission Chairman Gary Gensler said on Tuesday.“I don’t know the timing, but we’re on track,” Gensler said at the Bloomberg Invest Summit in New York. SEC Approved Last month, 19b-4 forms were filed for eight Ethereum ETFs. Companies competing for that product still need a registration statement called an S-1 (or S-1). S-3, for grayscale) seeking to convert Ethereum Trust to an ETF will become effective before trading begins.Enterprise contaminated It amended its registration statement last week to disclose additional details about its seed…
BtcTurk cryptocurrency exchange delists Terra Luna Classic (LUNC). Security auditing firm CertiK estimated the financial damage at $90 million. BtcTurk’s unsolicited announcement outraged the LUNC community. Türkiye’s largest cryptocurrency exchange, BtcTurk, suffered a massive cyberattack last weekend. The exchange claimed that one in ten cryptocurrency balances in hot wallets were affected and that LUNC would be delisted. Renowned on-chain detective ZachXBT estimated the total damage at $54.2 million.Hints for further research into missing $90 millionZachXBT counted 1.96 million Avalanche (AVAX) tokens from suspicious cryptocurrency addresses. This address was used to withdraw digital assets from BtcTurk, which were later exchanged for…
Binance announced the addition of a new contract to its futures copy trading platform. According to Binance, users will be able to trade the TONUSDT USDⓈ-M contract starting June 25, 2024. Binance Futures Copy Trading Information Binance Futures Copy Trading allows users to emulate the trading strategies of experienced traders by copying their portfolio in real time. This is especially useful for beginner traders who want to become familiar with the cryptocurrency market and improve their trading skills. By selecting a lead trader and determining the investment amount, the system automatically replicates trades from the…
Bitcoin (BTC) price hit a six-week low on June 24, then less than 24 hours later, buyers drove the price back above $62,000. BTC/USD daily chart. source: TradingViewAnalyzing the current market structure, celebrity trader Jelle admitted that some buyer interest is returning to the lows, with the $60,000 zone acting as support. “If #Bitcoin can maintain higher lows on lower time frames today, I think it could bounce back to $63,500 before the end of the week,” the analyst wrote on x on June 25. “Not only that, Red Monday and Green Week become a reality.”BTC/USD chart. source: gelJelle also…
The Ethereum Foundation has identified a serious security breach involving its official email system managed through third-party service provider SendPulse. Tim Beiko, a prominent member of the Ethereum Foundation, sent out a warning to social media platform This breach exposed subscribers to phishing attempts designed to mimic official communications from the Foundation. Ethereum Foundation Issues Urgent Fraud Alert The breach was first revealed by Tim Beiko, who posted a warning message to X. “PSA: The mailing list provider used by EF for ‘updates@ethereum.org’ appears to be compromised,” Beiko said. He immediately advised me not to click on any links in…
Ethereum price extended losses below the $3,320 support level. ETH has tested the support level of $3,240 and is currently looking for a significant rise above the resistance level of $3,380. Ethereum extended losses and tested the $3,240 support area. The price is trading below $3,400 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $3,440. The pair could attempt a significant rally above the $3,380 and $3,400 resistance levels. Ethereum price discovery support Ethereum price has struggled to start a new rally above $3,500.…
Web3 games witnessed nearly $1 billion in investments in April 2024 alone. The industry is growing at a record pace, with countless games being released every quarter. Much of the credit for this success goes to L2 rollup. So what role does rollup play in Web3 gaming infrastructure? Let’s explore.Rollup and Web3 Games1. Expand your game to fit your budgetWeb3 games require high transaction throughput to handle in-game transactions. But transactions must also be processed cheaply. You can’t expect to pay hundreds of dollars for a game to complete basic tasks, especially while the main network is congested. Blockchain Rollup…
Stonks is a sophisticated solution designed for token exchange utilizing an off-chain CoW swap platform. This system allows token swaps to be performed securely without the tokens in balance being managed by a professional token management committee within the DAO framework. Revision 1.0 Lido Finance collaborated with Ackee Blockchain and donated a total of 7 days of engineering time from January 28 to February 5, 2024 to conduct a security review of the Lido Finance protocol. Revision 1.1 A revision review was performed on that commit. 4c51f22. Issues M1, W1, W3, I1, I2, I3 and I4 were fixed as per…