Multichain-centric protocol dWallet announced its launch on layer 1 blockchains to improve user experience in DeFi and web3 gaming. The expansion of dWallet’s technology stack to Aptos primarily aims to improve native multi-chain interoperability within the Aptos ecosystem by introducing Zero Trust Protocol (ZTP) to the decentralized L1 network. Omer Sadika, co-founder of dWallet Network, emphasized that the partnership with Aptos will allow users to perform native Bitcoin (BTC) and Ethereum (ETH) transactions on the chain without any bridging or token wrapping requirements. “This broadens the horizons of definitions and gaming,” Sadika wrote, calling it a big step toward realizing…
Author: Crypto Flexs
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Ethereum developers continue to improve the network while maintaining a tradition that has existed since its launch. Since the first update with Homestead, the developers have implemented several hard forks, the latest being Shanghai and Dencun. Pectra lays the foundation for further upgrades on Ethereum. The Ethereum community is eagerly anticipating what’s next. key Update, Pectra is scheduled for late Q1 2025. This hard fork, a significant improvement since Dencun, integrates 19 core Ethereum Improvement Proposals (EIPs) to comprehensively address scalability, security, and user experience issues. As mentioned earlier, the Pectra upgrade is part of another strategic approach by Ethereum…
BitMEX Announces New Quarterly Futures ListingBitMEX, a leading cryptocurrency trading platform, announced that it is set to launch quarterly futures in the third quarter of 2024. According to the BitMEX blog, these new futures will be available starting June 11, 2024.Access Restrictions and ComplianceIn accordance with its compliance policy, BitMEX has reiterated trading restrictions for individuals and entities in certain jurisdictions. Access to the Platform is strictly prohibited to users from restricted territories, including the United States, as described in our Restricted Jurisdiction Policy. The platform has robust measures in place to detect and prevent…
World Coin (WLD), an artificial intelligence (AI)-based digital asset, claims that nearly 9 out of 10 Spanish users who banned it earlier this year support the return of the altcoin. Worldcoin in a new blog post – A privacy-focused project that scans the eyes, founded by OpenAI CEO Sam Altman. – A study of 21,000 Spanish speakers found that about 90% supported a return. “A new customer survey of more than 21,000 people in Spain, which provides feedback to Worldcoin users for the first time, shows how important digital evidence of humanity has become in the country and the extent…
Ripple sold 150 million XRP tokens worth $78 million at an average price of $0.52 per token. The massive sale follows the company reserving 400 million XRP tokens worth $208 million for sale in June. Ripple sells 150 million chunks from June holdings Ripple sold 150 million XRP tokens worth $78 million at current exchange rates, which makes up 0.25% of XRP’s market capitalization. This comes just days after the company transferred 3 billion XRP tokens worth about $1.5 billion from its escrow wallet in a series of transactions within 30 minutes. This unorthodox move has raised concerns about the…
Former U.S. President and current Republican presidential candidate Donald Trump recently ventured into Silicon Valley for his campaign fundraising efforts.President Trump raised $12 million at a Thursday night fundraiser held at the San Francisco home of technology entrepreneur and investor David Sacks, Reuters reported, citing people who attended the fundraiser. The event was co-hosted by Chamath Palihapitiya, CEO of Social Capital.Trump’s emergence is spurring the acceptance of cryptocurrencies ahead of the 2024 presidential election. Prominent cryptocurrency leaders such as Gemini founders Cameron and Tyler Winklevoss also attended the fundraiser, according to Reuters.Trevor Traina, chief business officer of Tools for Humanity,…
Worldcoin has agreed to suspend its activities in Spain until the end of the year or until German data authorities resolve their ongoing investigation into data protection issues. WorldCoin suspends activities in Spain following instructions from data protection authorities The Spanish Data Protection Authority (AEPD) announced on June 4 that Tools for Humanity Corporation, the company behind the Worldcoin identity and financial network, has committed to cease its data collection and processing activities in Spain by or until the end of 2024. I did. Ongoing investigation. This decision comes after Spanish authorities issued an order in March 2024 to stop…
Share this article Bloomberg News, citing sources familiar with the matter, reported that Bakkt is considering strategic options such as sale or spin-off. The move comes amid a surge in acquisition activity within the cryptocurrency sector.Bakkt is working with financial advisors to evaluate its options, the sources said, speaking on condition of anonymity due to the confidentiality of the matter. However, no final decision has been made and the company may choose to go independent.Bakkt was launched in 2018 by Intercontinental Exchange, which owns several major futures markets and the NYSE. The venture’s founding CEO, Kelly Loeffler, later served as…
Cryptocurrency research firm 10x Research warned that a sharp decline in the price of Ethereum could prevent Bitcoin from reaching sustainable all-time highs above $83,000, according to a June 7 analysis. CryptoSlate.Over the past week, the price of ETH has struggled considerably compared to the price of Bitcoin. The second-largest digital asset fell about 1.2% during the period, while the price of BTC rose more than 3%. Although not explicitly stated in the note, 10x Research believes that Ethereum could suppress Bitcoin from a sentiment perspective.Citing Ethereum’s future position, 10x Research noted that traders are more willing to invest in…
Leading cryptocurrency exchange OKX has announced significant changes to its funding fee mechanism for perpetual futures. According to OKX, this update aims to improve user experience and increase the efficiency of funding fee settlement. Change order cancellation logic The new mechanism coordinates order cancellation logic across four steps during the settlement process. The funding rate calculation logic will remain the same, but the method of collecting and distributing funding fees will be noticeably improved. Funding fee collection Previously, OKX would collect funding fees up to the liquidation threshold and cancel orders if necessary. In the…