Binance, one of the world’s leading cryptocurrency exchanges, announced support for Metal DAO (MTL) mainnet swap. According to Binance, all deposits and withdrawals of existing MTL tokens will be suspended from 02:00 (UTC) on June 24, 2024. This move is part of the transition to the new Metal DAO mainnet. Impact on Users Binance assured users that spot trading, margin trading, futures trading, and Binance Savings services will not be affected during the mainnet swap. The exchange will handle all technical requirements of users related to this event, ensuring a smooth transition. Users are advised…
Author: Crypto Flexs
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The Hong Kong Monetary Authority (HKMA) has released statistics on payment cards issued in Hong Kong for the first quarter of 2024. This data provides insight into credit and debit card usage patterns in your area. credit card statistics According to the HKMA, the total number of credit cards in circulation by the end of the first quarter of 2024 reached 19.98 million. This is a 1.5% increase compared to the previous quarter and a 1.5% increase compared to the same period last year. The total number of credit card transactions in the first quarter…
TL;DR (concentrated takeaways)2-Factor Authentication (2FA) is a form of Multi-Factor Authentication (MFA) that is used to identify who you are. In addition to “Something you know” (like a password), 2FA also provides “Something you have” (like a dynamically-generated authenticator code), or “Something you are” (like biometrics).Correctly used 2-factor authentication is one of the strongest defenses against account abuse and crypto theft. (But improperly-used 2FA can actually make you more of a target!)2FA code generation devices may take the form of desktop or mobile software apps, specialized hardware, or SMS-messaging phones. You will likely end up with more than one type…
BNB price has fallen by more than 3% over the past seven days. Despite the 24-hour recovery, few on-chain indicators remain bearish. like Bitcoin (BTC) Despite efforts to raise prices, several altcoins, such as BNB met a similar fate. But in the last 24 hours, things have started to change. In fact, if the latest data is to be believed, altcoins could soon post a bullish rally, which could allow BNB to recover its recent losses. BNB turns green Renowned cryptocurrency analyst World Of Charts recently shared the following: Twitter We highlight interesting developments. Likewise, the market capitalization of altcoins…
Cryptocurrency traders in South Africa have reportedly started receiving notices from the South African Revenue Service (SARS) that their tax issues are under review. Revenue collectors are gathering information from various cryptocurrency exchanges to assess compliance. Traders who fail to provide the requested information may be subject to criminal punishment under the Tax Administration Act. SARS is probably (…)
The Hong Kong Monetary Authority (HKMA) has released first quarter 2024 statistics for the Stored Value Facility (SVF) scheme, according to the HKMA. These statistics provide valuable insight into the usage and transaction volume of SVF accounts issued by licensed operators. Key Statistics and Growth By the end of the first quarter of 2024, the total number of SVF accounts in use reached 73.58 million, an increase of 3.0% from the previous quarter. The total number of SVF transactions in this period was approximately 1.9 billion, a decrease of 4.0% compared to the fourth quarter…
The founder of Rizz memecoin found himself in a precarious position while promoting his cryptocurrency during a live stream on X.com, as onlookers watched in shock as the value of his cryptocurrency suddenly plummeted 90%. Nicolas Vaiman, CEO of Bubblemaps, joined the space before the collapse and was well aware of what was happening. Bubblemaps posted a thread describing the incident at source: bubble map.According to the Bubblemaps thread, $RIZZ was launched on the Solana platform last week. “Founders with a sizeable $8 million stake are invited to introduce their tokens on a live Space,” the team wrote. But as…
As the summer begins, the Render Network takes time to reflect on its accomplishments for spring 2024, highlighting network updates, releases, and Render Network Proposals (RNPs) that advance its decentralized platform. Render network metrics Render Network has seen significant year-over-year growth, particularly in key metrics such as network compute capacity. Comparing Q1 2024 to Q1 2023, the network’s available GPU performance has increased significantly as more intensive GPU rendering jobs are submitted. Despite the significant increase in frames processed, the growth in RENDER usage outpaced the number of frames rendered. rendered frame There were…
uber Ride sharing pioneer ModelHindrance taxi industry. Solana-based travel is planning to introduce a ride-sharing app. travel We envision several competitive ridesharing initiatives. Operator its execution platform. Ridesharing apps have revolutionized the taxi industry with innovations such as cashless payments, rating systems, and competitive pricing. Despite competition from Lyft and Grab, Uber remains the global leader, facilitating 7.6 billion trips and generating $31.9 billion in revenue in 2022, but reported a net loss of $9.1 billion during the period. But a new blockchain-based challenger called TRIP is gearing up to disrupt the disruptor. Built on the Solana blockchain, TRIP is…
Leading cryptocurrency exchange OKX has announced a new campaign targeting merchants in Southeast Asia excluding Vietnam, offering them the opportunity to win featured advertising spots for USDT pairs. According to OKX, the campaign aims to increase visibility and traffic for participating merchants by placing ads on top of peer-to-peer marketplaces. Campaign details The campaign will run from 15:00 UTC on June 21, 2024 until 23:59 UTC on July 12, 2024. To be eligible, participants must be classified as a Super or Diamond Seller on the OKX platform. Additionally, you must complete at least 300 transactions…