Main Content The 7.5% increase in Layer 3 airdrops supports the vision of a scalable omnichain infrastructure. Layer3 uses the new funding to expand its team and operations, targeting growth in the APAC region. Share this article Layer3, a community-driven initiative focused on building an omnichain infrastructure for distribution, identity, and incentives, has adjusted its token economics and increased its initial airdrop to 7.5% of the total supply, Layer3 Foundation shared in a recent post on X. We’ve made two major changes to fit the scale of Layer3’s vision. • Total supply of L3: 3,333,333,333.• The initial airdrop will increase…
Author: Crypto Flexs
Read More
Chiliz (CHZ), a sports and entertainment blockchain leader, has announced a strategic integration with PUML Better Health, a platform specializing in gamified health and wellness. According to Chiliz, the collaboration aims to bring the Move to Earn and Fan Health initiatives to the Chiliz community. Key Features of Partnership PUML Better Health is an Australian-based platform that gamifies health and wellness by allowing users to connect their wearables and claim their daily steps. Users are rewarded with the platform’s in-app game coin, PUML, which can be redeemed monthly for the native token $PUMLx. This token…
The US Federal Court has handed the cryptocurrency industry another important victory, ruling that secondary sales of cryptocurrencies and BNB tokens do not constitute securities.According to Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia, the secondary sale of cryptocurrencies and BNB (BNB) does not constitute a securities offering.In a significant victory for Binance.US, the judge dismissed several claims brought by the U.S. Securities and Exchange Commission, according to a July 2 announcement from Binance. “The court ruled that the SEC failed to argue that the purchasers in the secondary market sale acquired the BNB…
Bitcoin mining difficulty fell more than 5% on July 5, hitting a quarterly low of 79.50 terahashes (79.5T). This marked the largest drop since March, when difficulty briefly dipped below 80T. Difficulty spiked between March and May, reaching an all-time high of 88.10T, before slowly declining to levels seen at the time of this article’s publication.Mining DifficultyBitcoin mining difficulty is a measure of hashrate, which is essentially how many guesses a mining machine has to make before it solves the cryptographic puzzle needed to unlock one of the remaining bitcoins. The hash rate is updated every 2,016 blocks, which takes…
According to Binance, the leading cryptocurrency exchange has successfully completed the token merge of Ocean Protocol (OCEAN) and SingularityNET (AGIX), resulting in Fetch.ai (FET). The merge is part of a new initiative under the project name Artificial Superintelligence Alliance. Token Merge Details Deposits and withdrawals for the newly merged FET tokens are now open. Binance has also provided a conversion function that allows users to exchange OCEAN and AGIX tokens for FET tokens. The conversion rate is set as follows: 1 ocean = 0.433226 FET 1 AGIX = 0.433350 completed It is important to note…
The ambitious Polkadot (DOT) multi-chain network has been a huge success so far, but it’s becoming clear that it will soon need an upgrade to meet the expectations of modern users. This is where Polkadot 2.0 comes in. It is an improved version of Polkadot 1.0 that aims to revamp key areas of the ecosystem to create a platform that is bigger, faster, and easier for users to enjoy. Given that Polkadot’s “next evolution” will have a major impact on how the platform operates and the rules it will follow, it wouldn’t be a bad idea for current or future…
Despite Bitcoin’s price dropping to as low as $54,000 in recent days, down about 25% from its March high of over $73,000, spot Bitcoin ETFs saw their biggest inflows in a month on July 5, amassing a total of $143 million. Four of the top 11 Bitcoin ETFs saw inflows, with total inflows exceeding $3,000. Bitcoin +2.12% That’s roughly $172 million at current prices, with around 80% of that amount going into Fidelity’s FBTC fund. ETF products from Bitwise (BITB), Ark 21Shares (ARKB), and VanEck (HODL) attracted the rest of the inflows, while Grayscale’s GBTC saw an outflow of 500…
The Data Ownership Protocol (DOP) is emerging as a key initiative that aims to revolutionize data privacy and control within the Web3 ecosystem. According to blog.bitfinex.com, DOP uses advanced cryptographic techniques such as zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) and ECDSA (Elliptic Curve Digital Signature Algorithm) to allow users to manage and optionally disclose their on-chain activity. Data Privacy Innovation DOP’s innovative approach allows users to balance transparency and privacy by curating the information they wish to share about their asset holdings and transactions. This optional disclosure is essential to maintain liquidity while maintaining…
One of the Solana (SOL)-based meme assets is riding high after being listed on several cryptocurrency trading platforms, beating the market’s slump. According to new data, BILLY, a dog-themed meme coin built on Solana, has jumped more than 30% in the past 24 hours after multiple cryptocurrency exchange platforms added support. Cryptocurrency trading platforms that have listed Billy include Bittrue, Bitget, MEXC, and Gate.io, all of which announced support for the meme asset earlier this week. At the time of writing, Billy is trading at $0.1659, up 36% over the past day. On June 26, Billy was trading at $0.0286.…
According to trustee documents, Mt Gox creditors could have to wait up to three months to receive their Bitcoin or Bitcoin Cash payments, depending on which cryptocurrency exchange they used to claim the money.Custodian of a closed cryptocurrency exchange announce Today it is there Started paying off Some of the cryptocurrency exchanges designated under the recovery plan.The custodian previously detailed that the timeline for payments to appear in the creditor’s account can vary depending on the exchange. Kraken has 90 days to process payments, while Bitstamp can take up to 60 days. BitGo will see payments appear within 20 days.…