Global credit rating agency Moody’s Ratings has assigned an “A-bf” bond fund rating to Hill Lights International Limited, the operator of OpenEden’s tokenized U.S. Treasury note issuance, known as the TBILL token. The ‘A-bf’ rating is a high credit rating and suggests that the bond fund has a strong ability to achieve its financial goals. The superior rating is the classic Triple A (AAA) rating. Moody’s is considered one of the top three global credit rating agencies along with Standard & Poor’s (S&P) and Fitch Ratings. The fund invests primarily in U.S. Treasury bonds or government securities. It is considered…
Author: Crypto Flexs
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3. Polkadot According to the team, decentralized governance has approved the Join-Accumulate Machine (JAM) protocol as the future architecture of the network. “JAM, a minimal blockchain concept, will support secure, roll-up domain-specific chains and provide synchronous composability across services. To encourage development, the Web3 Foundation has established a 10 million DOT fund to create various JAM implementations. “~$64.7M USD), this initiative aims to improve the scalability and flexibility of blockchain applications by integrating elements of Polkadot and Ethereum for a variety of security environments.” Polkadot founder Gavin Wood’s JAM “Gray Paper” is out.
Best Owie is a seasoned and experienced editor who currently serves as Editor-in-Chief of NewsBTC. Best is a highly experienced professional with a track record of creating engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each published article meets the highest standards of quality. Best has over 6 years of experience in the cryptocurrency industry and has overseen the writing and publishing of thousands of articles over the years. Best always stays abreast of everything going on in the cryptocurrency industry to create and curate the most…
Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of crypto.news editorial. Nowadays, the Internet has become our second home. It is where we communicate, work, shop and socialize. But beneath the surface lies a disturbing truth. It means that we are being watched. Online surveillance has grown to unprecedented power, violating our privacy and invading every aspect of our lives. I believe that blockchain technology holds the key to regaining digital freedom. Online surveillance is nothing new. In the early 2000s, the advent of social media and…
A few weeks ago we discussed how Linea attempted to increase its dominance in the ZK rollup space with the Linea Surge campaign, which seemed to work at the time. However, the hype seemed short-lived, as Linea surged in late May and then fell below ZKsync times in terms of transactions and active addresses. But even in the ZKsync era, not everything was rosy. The network has been facing a decline in activity and users since March, although the decline is slower than Linea’s recent plunge.ZKSync Era saw an airdrop last week with 3.6 billion tokens distributed to over 695,000…
Binance Futures announced updates to leverage and margin ratings for several USDⓈ-M perpetual contracts, including FETUSDT, ENAUSDT, IOUSDT, ARUSDT, and WUSDT. The change took effect on June 19, 2024 at 08:30 UTC, as detailed in Binance’s official announcement. Update details The updates affect leverage and margin ratings for specific trading pairs, with the goal of optimizing trading conditions and risk management for users. Binance emphasized that existing positions opened prior to the update will not be affected by these changes. Affected trading pairs are: FETUSDT ENAUDT IOUSDT ARUSDT WUSDT These updates are part of…
Ether (ETH) has been under pressure since it lost the $3,800 support level on June 7. Despite a series of positive developments, the price remained below $3,600 on June 19, with no weekly changes.Some analysts believe that the main reason for the bearish momentum is the lack of institutional demand for the cryptocurrency. Others attribute this to regulatory uncertainty within the Ethereum ecosystem.Despite regulatory approval for ETH, Ethereum ecosystem risks persist.source: Noel AchesonNoelle Acheson, author of the ‘Crypto is Macro Now’ newsletter, expressed surprise at Ether’s lack of positive momentum following Consensys’ victory over regulators. She also questions whether other…
Data from June 19, 2024 shows that Bitcoin exchange reserves (the total amount of Bitcoin available on exchanges) have fallen to a three-year low.According to CryptoQuant’s analysis, there are currently 2,825,703 Bitcoin (BTC) remaining on exchanges. During January 2024, Bitcoin exchange balances hovered around 3,039,000.Low exchange reserves, also called exchange reserves, indicate that there is relatively little supply available for purchase, which means that selling pressure is low and supply shocks may occur.Bitcoin exchange balance as of June 19, 2024. Source: CryptoQuant.Bitcoin ETF PressureFollowing the approval of Bitcoin ETFs in the United States in January 2024, additional pressure was placed…
From cute photos of chubby penguins, the Fuzzy Penguin brand has grown into a full-fledged ecosystem complete with plush toys and its own games. What is the Pudgy Penguins NFT Collection? The Pudgy Penguins brand was launched in July 2021 by four college friends who decided to ride the wave of NFT popularity. ColeThereum created 8,888 NFTs of Pudgy Penguins at a price of approximately $0.03 each. The collection sold out in 20 minutes at $90 each, earning the creator more than $800,000. Pudgy Penguins was recognizable compared to other popular NFT collections at the time, where avatars were typically…
Brazil-based cryptocurrency asset management platform, Hashdex We applied for approval for a dual ETF consisting of Bitcoin and TH, the world’s largest cryptocurrency. These developments Spot Ethereum ETF Competition There is a lot of excitement ahead of the official debut before the end of the year. Bitcoin and Ethereum ETFs are combined in the Hashdex file. June 18 X (formerly Twitter) post, Bloomberg analyst James Seyffart disclosed Hashdex’s recent 19b-4 filing for a combined Bitcoin and Ethereum ETF. Previously, on May 24, the cryptocurrency asset management company pulled back Apply for Spot Ethereum ETF. The withdrawal notice was posted a…