Monday marked the eight-year anniversary of the infamous “DAO attack,” which was perhaps the most significant hack, if not the first, in the cryptocurrency industry. This laid the foundation for many regulatory interpretations of the industry through the Security and Exchange Commission’s “DAO Report.” Ethereum ETH +4.30% Community autonomy (via hard fork).“It was a defining moment for Ethereum,” Gabriel Shapiro, cryptocurrency law expert and founder of the MetaLeX protocol, told The Block. “Other chains haven’t really been tested similarly, or when they have been tested they haven’t responded in a way that solidifies the community and instead divided it.”Simply put,…
Author: Crypto Flexs
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Binance, a leading cryptocurrency exchange, announced the launch of its new ‘Rising Stars’ program promotion. According to Binance, the plan aims to provide regular users with VIP+1 upgrade vouchers and hefty fee refund vouchers.Promotion DetailsThe promotion period runs from 10:00 UTC on June 19, 2024 to 23:59 UTC on July 18, 2024. During this period, participants will have the opportunity to share 10 VIP+1 upgrade vouchers and a spot trading fee rebate voucher worth 20,000 USDT.How to ParticipateTo qualify, users must:On the activity page, click (Join Now).Please ensure that the cumulative trading volume on the…
A widely respected analyst is revealing a timeline for when the altcoin market could hit new all-time highs. In a new strategy session, trader Jason Pizzino told his 329,000 YouTube subscribers that he’s taking a closer look at the TOTAL3 chart, which tracks the market capitalization of all cryptocurrency assets except Bitcoin (BTC), Ethereum (ETH) and stablecoins. According to Pizzino, TOTAL3 witnessed a 26-month accumulation period during its last cycle from late 2018 to early 2021 before starting a parabolic surge. Pizzino says TOTAL3 could reflect the same pattern this cycle and it could take several months to trigger a…
A few months ago I created a payment channel from LND’s desktop node to Blixt’s mobile node. I then tested a few payments between nodes and the final balance on my phone is now around 20K sats (not that much). Unfortunately, my phone crashed and I am currently unable to cooperatively terminate the payment channel. Also, since I only used the Blixt wallet for testing purposes, there is no backup. The only option you have to retrieve funds from a mobile node is to force the channel to close using its original state when the Blixt node balance is zero.…
Of all the parts of the Ethereum protocol, aside from the mining function the fee structure is perhaps the least set in stone. The current values, with one crypto operation taking 20 base fees, a new transaction taking 100 base fees, etc, are little more than semi-educated guesses, and harder data on exactly how much computational power a database read, an arithmetic operation and a hash actually take will certainly give us much better estimates on what exactly the ratios between the different computational fees should be. The other part of the question, that of exactly how much the base…
June 18, 2024 Lugano, Switzerland, Chainwire Debifi, one of the leading non-custodial Bitcoin-backed lending platforms, announced its dynamic growth roadmap during BTCPrague, widely regarded as Europe’s premier Bitcoin event. Our association with such a reputable gathering further highlights the credibility of Debifi’s growth roadmap and its commitment to revolutionizing the lending industry. The roadmap includes the significant addition of fiat payments for Bitcoin-backed loans, marking a significant milestone in the company’s expansion plans. Debifi, a global lender aggregator, is committed to providing institutional-grade liquidity while maintaining transparency and security. This platform allows any financial institution in the world to become…
The public launch of the Digital Rial pilot program begins on Kish Island. The public launch of the CBDC pilot program aims to test transaction efficiency and enhance payment security. The success of the pilot program could lead to a nationwide expansion of Digital Rial, transforming the way payments are made in Iran. Iran’s ambitious project to introduce the Digital Rial, a central bank digital currency (CBDC), is set to take a pivotal step after the Central Bank of Iran (CBI) announced that it would open the pilot program to the public. This move by the Central Bank follows a…
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, shared his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem. He explained: On the verge of cannibalism.” In a series of detailed posts on Why are Bitcoin transactions flat? Kling began his analysis by addressing Bitcoin’s performance relative to the broader macroeconomic environment. Despite the Nasdaq’s surge of 16% since April 19, Bitcoin has remained relatively flat, underperforming noticeably since hitting record lows due to market jitters about interest rate cuts. “BTC is trading pretty poorly relative to the macro,” Kling pointed out. This underperformance…
Investors are increasingly betting on a price breakout for the XRP token. Could XRP see more upward momentum?Traders Increasingly Betting on XRP Price RisingMore traders are betting on a rise in the price of XRP (XRP), which is reflected in a surge in open interest (OI), according to market analysis by verified CryptoQuant author Minkyu Woo.He wrote in a June 18 research paper:“This trend suggests that investors are opening more positions in anticipation of an increase in the price of XRP, as open interest is rising along with the price. This high interest indicates that more trading activity is occurring…
Kraken said about $3 million was taken from its wallets due to an attack related to a bug that has since been fixed.According to Nick Percoco, Kraken’s chief security officer, the cryptocurrency exchange received a bug bounty program alert on June 9. The alert warned of a “very serious” bug that could allow attackers to artificially inflate balances on the platform.Percoco was short on specifics in its submission, but said it had investigated the issue and discovered an isolated bug that could have allowed malicious attackers to initiate deposits on the platform and receive funds into accounts without fully completing…