World’s first EVM-compatible L2 for Solana, scheduled for release in 2024, Solana VM raises over $1,000,000 in $SVM presale – Chainwire housenewsroomWorld’s first EVM-compatible L2 for Solana, scheduled for release in 2024, Solana VM raises over $1,000,000 in $SVM presale We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of…
Author: Crypto Flexs
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the argument is over Ethereum (ETH) gas fees have been an important topic in the cryptocurrency industry for quite some time. Joining the fray is Uniswap protocol founder and CEO Hayden Adams. He proposed a future where Ethereum users no longer need to worry about gas fees. Hayden Adams announces abolition of Ethereum gas fees Over the weekend, Hayden Adams, founder of Uniswap, one of the largest decentralized exchanges (DEXs), visited the X (formerly Twitter) platform. share His thoughts on Ethereum’s gas fees. According to the founders, the term gas fees should never be heard by any user, emphasizing that…
Computex Taipa, Asia’s largest technology event, recently showcased groundbreaking innovations from leading industry players such as AMD, Intel and Nvidia. As a key participant, Stability AI announced breakthroughs in AI technology at this prestigious event. Key announcements from industry leaders This year’s Computex Taipa saw several notable product launches. AMD has launched new laptop processors specifically designed for generative AI workloads. Intel has unveiled a variety of new PC, data center, and AI chips. Nvidia has made headlines with its next-generation “Rubin” chip, along with a suite of AI technologies that aim to create lifelike…
Ethereum holdings on exchanges are at the lowest level in eight years, setting the stage for a surge in prices. Current bearish indicators suggest there may be room for further declines before a rebound. The amount of Ethereum (ETH) held on exchanges has reached its lowest level in eight years. With the launch of the spot ETF imminent, we could see a huge supply shock, which could lead to a dramatic rise in the price of Ethereum. But let’s check what the data is telling us. Source: Glassnode Will the Ethereum ETF cause a stir? If spot ETFs get the…
Gibraltar, Gibraltar, 10 June 2024, Chainwire Hydration, Polkadot’s leading DeFi project, is pleased to announce that it has received 2 million DOT tokens (equivalent to $14.4 million) from the Polkadot Treasury. The funds have been earmarked to strengthen the liquidity and trading efficiency of Omnipool, Hydration’s one-way liquidity provision platform. There are two allocations of DOT tokens: 1 million DOT will be spent over a year to attract new liquidity to the Polkadot ecosystem, with initial rewards to liquidity providers (LPs) exceeding 200% APY. Thanks to Hydration Omnopool’s single-sided LP design, users begin receiving rewards after contributing a single asset…
Ethereum (ETH) has been trading below $3,750 for the past three days, despite the impending launch of the coin’s spot exchange-traded fund (ETF) in the United States. Some argue that the lack of bullish momentum for ETH is due to a lack of clarity on how long it may take for individual S-1 funds to receive approval from regulators. Nonetheless, the bullishness of Ethereum investors according to derivatives indicators has pushed the stock to a three-week low.Regulatory uncertainty pressures on ETH priceBut even if the U.S. Securities and Exchange Commission (SEC) approves the respective filings of BlackRock, Fidelity, VanEck and…
June 10th Is privacy becoming decentralized? Post time: 14:06h education by admin Today we take a look at recent developments in the Bitcoin privacy landscape, particularly in response to increasing regulatory scrutiny. With the retirement of Wasabi Wallet’s CoinJoin coordinator and the emergence of multiple community-run coordinators, the Bitcoin community is witnessing a shift toward decentralized privacy solutions. This transition highlights the resilience of Bitcoin users in the face of privacy and surveillance, and raises important questions about the future of decentralized financial privacy in the face of regulatory challenges. As Wasabi Wallet ceases operations, a new CoinJoin coordinator emerges…
Blockchain security firm Cybers Alert reported that a serious exploit against DeFi lending protocol UwU Lend resulted in losses of approximately $19.5 million.The attackers funded the wallet through Tornado Cash, an approved cryptocurrency mixer.Meir Dolev, Co-Founder and CTO of Cybers, said: CryptoSlate From a June 10 statement:“The UWU loan contract was exploited by attackers who executed three transactions in six minutes and caused approximately $20 million in losses.”On-chain data showed that the attacker’s wallet moved several digital assets, including stablecoins such as Wrapped Ethereum (WETH), Wrapped Bitcoin (WBTC), and USDC. The attacker’s address was tagged as UwU Lend Exploiter on…
Regulations • June 10, 2024, 11:22 a.m. EDT Posted 1 minute ago In ~ Updated: June 10, 2024, 11:35 AM EDT Investment bank TD Cowen sees potential disruption in the cryptocurrency industry following regulatory efforts. The cryptocurrency industry expects stablecoin legislation to be enacted this fall and further expansion of cryptocurrency market regulation within the next two years. But legislation that moves from the bigger picture to the interests of specific companies Jaret Seiberg, a financial services and housing policy analyst, wrote that it “derails” the industry, as has been seen before with the cannabis industry. TD Cowen Washington Research…
The UwU Lend protocol was hacked for approximately $20 million on Monday, June 10 in an ongoing cryptocurrency attack.The $14 million exploit was first discovered by on-chain security firm Cyvers, which wrote in an X post on June 10:“Hello @UwU_Lend, you are under attack! So far, the address has reached nearly $14 million…Uwu Lend exploit. Source: Cyberse AlertUwU Lend is a decentralized finance (DeFi) protocol that acts as a liquidity marketplace, allowing users to deposit and borrow digital assets.Related: Nvidia outperforms Apple by 25x ahead of 10:1 stock split.UwU exploit surpasses $20 million — Cybers founder Less than an hour…