In this week’s newsletter, read about Galaxy Digital securing a loan using a non-fungible token (NFT) of a historical violin and how NFT sales plummeted in May. Find out what the U.S. Treasury thinks about NFTs and how Bitcoin NFTs have reached a new milestone. In other news, Dapper Labs CEO Roham Gharegozlou insists NFTs are not securities after reaching settlement in NBA Top Shot Moments lawsuit. Galaxy Digital uses historic violin NFT to secure loansMichael Novogratz’s Galaxy Digital and Animoca Brands co-founder Yat Siu tokenized a 300-year-old violin as collateral for a loan. Galaxy lent Siu an undisclosed amount,…
Author: Crypto Flexs
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Analysts at VanEck, an American investment firm that applied to list a spot Ether ETF, said they had raised their 2030 Ethereum price forecast. Ethereum ETH +1.08% Up to $22,000. VanEck faced Matthew Sigel, Patrick Bush and Denis Zinoviev on Wednesday.The company is one of several Wall Street investment managers currently seeking to list a spot Ether ETF after successfully launching a spot Bitcoin ETF in January. The U.S. Securities and Exchange Commission (SEC) approved the spot Ether ETF last month. Investors who purchase exchange-traded funds can profit when the price of a cryptocurrency rises without having to purchase tokens…
BlackRock and Citadel Securities invested in the group with the goal of disrupting U.S. stock exchange markets. Texas Stock Exchange Chairman and CEO James H. Lee has raised $120 million in funding from more than two dozen investors to potentially launch an exchange that could compete with the NYSE and Nasdaq. is being secured. The investor consortium includes BlackRock, the world’s largest asset manager, and Citadel Securities, a huge market maker. TXSE Announcement | Source: LinkedIn Are BlackRock and Citadel planning a blockchain move in the stock market? According to The Wall Street Journal, TXSE sees itself as a challenge…
What is the Ethereum project? The Ethereum project is an open source, community-driven effort designed to create the next generation of decentralized application platforms with the potential to be as flexible and powerful as possible. Platform, what is Ethereum? The Ethereum platform combines a generalized peer-to-peer networking platform with a next-generation blockchain architecture to provide a decentralized consensus-based (decentcon), full-stack platform for developing, delivering, and using decentralized application services. The consumer-facing application, called EtherBrowser, integrates front-end and back-end to create an environment where anyone can quickly and easily build highly secure, scalable, and interoperable decentralized applications. Like the BitTorrent content…
Project mBridge has reached the critical MVP stage.The Hong Kong Monetary Authority (HKMA), together with the mBridge project team, announced that Project mBridge has achieved the Minimum Viable Product (MVP) stage. According to the Hong Kong Monetary Authority, the initiative aims to explore the application of central bank digital currency (CBDC) to ease cross-border payment issues.Focus on cross-border paymentsProject mBridge will leverage insights gained from the pilot in 2022 to further develop the prototype platform. Enhancements span the areas of technology, law and governance, and include validation nodes deployed by each jurisdiction’s founding central banking…
According to Anatoly Yakovenko, the complexity of Ethereum (ETH) is making Solana’s (SOL) mission more focused. Solana’s co-founder said in a new interview with Bankless that his mission is simply to build an ultra-fast chain. (1:49:29) “Yes, network effects, TVL (total value locked), etc. can all be important, but they are not difficult. It’s not something I can risk my job on, and it’s not something I want to risk my career on. I want to create products that I know will work. So from my perspective, the more L2 (layer-2) and networks and different environments for digital assets, the…
The Competition Appeal Tribunal is currently hearing the case as it begins to weigh the claims from both sides. The legal battle involving BSV Claims Ltd and several cryptocurrency exchanges, including Binance, Kraken, and ShapeShift, recently took a dramatic turn. The BSV claim seeks a whopping $9 billion in compensation for BSV holders, which the defendants are currently opposing. The legal drama currently unfolding in London centers around the delisting of Bitcoin SV (BSV) from these platforms, albeit controversially in 2019. Accused of conspiracy to delist Binance, etc. According to the BSV claim, the exchanges reportedly made a concerted effort…
index LightLink, an Ethereum Layer 2 blockchain, announced the integration of Hummingbird and Celestia mainnets. Consolidation is critical to reducing storage costs and improving security on LightLink’s path to 10,000 TPS. LightLink, an Ethereum Layer 2 (L2) blockchain, today announced the launch of its client, Hummingbird, on Celestia’s mainnet. This integration is essential to LightLink’s journey to achieve 10,000 transactions per second (TPS) and functions by reducing storage costs and increasing security. Reduce transaction fees and improve scalabilityLightLink, an Ethereum L2 blockchain, allows decentralized applications (dApps) and enterprises to offer gasless transactions to their users. Hummingbird, a standalone client built…
June 5th Changelog: Version 1.97 Posting time: 14:40h From the change log Maria Lobusova The Bitfinex changelog is an overview of all performance and UI changes made to the Bitfinex trading platform. For an overview of all previous changes, see blog.bitfinex.com/category/changelogs. Version 1.97 improvement Updated TradingView charts to version 27.005.Updated the featured article modal style in the deal search bar. Updated public transaction sound notifications.The balance table has been updated to indicate the active status of the wallet filter.Updated translations for Bitfinex Pulse’s token dropdown placeholders and order bid and offer status.Updated to remove unnecessary warnings when leaving the Security…
Cryptocurrency exchange Bybit appears to have implemented its services in the People’s Republic of China, a previously restricted jurisdiction. Bybit has activated registration and authentication services for Chinese users, allowing them to provide ID, passport, driver’s license or residence permit to proceed with know-your-customer protocols on the platform, social media-based news outlet Wu Blockchain reported. The Block has reached out to Bybit for confirmation. As of June 5, China was not included in the list of jurisdictions excluded from exchange services. “Bybit may terminate the Service in the United States, United Kingdom, Hong Kong, Singapore, Canada, North Korea, Cuba, Iran,…