The U.S. Supreme Court’s recent decision to overturn the Chevron Doctrine has disrupted the push for legislation to regulate the cryptocurrency industry and stablecoins. Investment bank TD Cowen said on Monday.Supreme Court I voted A 6-3 vote on Friday could overturn a 40-year-old court decision that leaves it to federal agencies to interpret the law as they see fit. Cryptocurrency experts said the decision provides an advantage for the cryptocurrency industry and means agencies like the Securities and Exchange Commission (SEC) will have to proceed with caution going forward. “The conventional wisdom since the Supreme Court took action is that…
Author: Crypto Flexs
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Verification of Solana’s performanceSolana, often touted as a faster and cheaper alternative to Ethereum, has had significant difficulties delivering on its promises. Despite the theoretical ability to process 50,000 transactions per second (TPS), real-world conditions have shown the network to peak at around 1,000 TPS with latency of 30 to 60 seconds. While these numbers are impressive by blockchain standards, they fall well short of advertised speeds and lead to persistent network congestion and downtime. The network has experienced more than 150 hours of downtime over the past three years, raising concerns about reliability and scalability.Network outages and congestion issuesSolana’s…
The CEO of artificial intelligence (AI)-focused Fetch.ai (FET) said its planned token merger will go ahead despite not being backed by Coinbase. In a new thread on social media platform X, Humayun Sheikh, CEO of Fetch.ai, said that the planned AI token merger between FET, Ocean Protocol (OCEAN), and SingularityNet (AGIX) is still set to happen. “OCEAN and AGIX are merging into FET. Centralized exchanges (CEX) do not need to delist or relist FET. It is already there. If you are holding FET, do nothing. We are working hard to resolve the issue. Thank you for your understanding. The timeline…
Linea, the rapidly expanding zkEVM on Ethereum, has unveiled Culture SZN, its latest initiative aimed at driving community engagement within the Web3 ecosystem. According to linea.mirror.xyz, the program will highlight over 20 NFT creators and invite users to participate in minting and voting activities, ultimately forming the exclusive Linea guild. Building a vibrant ecosystem As part of its progressive journey from testnet to decentralization, Linea focuses on strengthening security, scalability, and decentralization within the Web3 ecosystem. The Culture SZN initiative aims to spotlight the creative community and accelerate participation by facilitating an easy NFT minting…
Bitcoin appears to be starting the week on the right foot, suggesting that the correction that has persisted throughout June is over. Investors continue to ponder Bitcoin’s price trajectory in July, but on-chain data, price history, and strategic trading point to a bullish July. Despite the short-term volatility, many investors remain bullish on Bitcoin’s long-term prospects. In particular, data shows that bids have increased by $500 million compared to the spot price, as noted by popular crypto analyst Daan Crypto Trades, as well as an increase in open interest. Bitcoin investors bid $500 million below price Bitcoin traded just above…
Crypto-Sec is a bi-weekly roundup of cryptocurrency and cybersecurity related stories and tips. Biggest phishing incident of the week: Attackers target Hedera users On June 26, Hedera’s marketing emails were compromised, with attackers sending phishing emails to team subscribers. Hedera is the developer of Hedera Hashgraph, a proof-of-stake blockchain network launched in 2018. The team acknowledged the hack in a post on X, warning users not to follow any links in emails sent from marketing@hedera. The email marketing@hedera has been compromised. Do not open emails or links from this address. We will contact you shortly with further details.— Hedera (@hedera)…
RNDR has surged 13.41% over the last 7 days. The recent surge has analysts predicting an RNDR of $30 by August. After several weeks of decline, Bitcoin (BTC) is starting to recover, up 1.68% in 7 days and 3.68% in 24 hours, trading at $63,000 at press time. Bitcoin’s recovery is good news for altcoins. This is because altcoins have also recently started to recover with an upward trend. Render (RNDR) was happy to be a part of the altcoin market recovery. Over the past 7 days, RNDR is up 13.41%, and over the past day it has jumped 8.65%.…
This was announced by Japanese investment company Metaplanet. An additional 20.195 was purchased shortly after the Tokyo Stock Exchange closed on Monday. BTC +2.02% For 200 yen (1.2 million dollars).This latest acquisition increases Metaplanet’s holdings to 161.2677 BTC, equivalent to more than $10.1 million at current prices, the company said. Bitcoins were acquired for a total of 1.65 billion yen ($10.2 million), with an average purchase price of $63,427 per bitcoin.On June 24, Metaplanet announced that its board of directors had agreed to purchase 1 billion yen ($6.3 million) worth of Bitcoin using capital raised through an upcoming bond issue.Monday’s…
Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically integrated Bitcoin (BTC) mining company, has announced its June 2024 production and operations update. The company earned 189 BTC during the month and significantly increased its installed hashrate to 11.4 EH. According to Globe Newswire, /s operates at 10.4 EH/s. Operational Efficiency and Scale Bitfarms has improved its energy efficiency to 25 watts per terahash (w/TH), up 36% year-over-year (Y/Y) and 7.4% month-over-month (M/M). The company’s Chief Mining Officer, Ben Gagnon, highlighted that the upgrades have been completed across all of its facilities in Quebec, increasing hashrate…
Tether, the world’s largest stablecoin issuer, has launched a new cryptocurrency payment option for Filipino citizens, allowing them to pay their Social Security System (SSS) contributions in USDT.The Philippines’ Social Security System is a state-run social insurance program that provides services to employees in the formal, informal, and private sectors. The SSS is mandated by law and aims to support citizens in difficult times. It currently administers two programs: the Social Security Program and the Employee Compensation Program.Tether Accepts USDT Payments for Government Insurance ProgramsTether has partnered with Uquid, a Web3 shopping and infrastructure company, to enable Filipino citizens to…