Lawmakers have put pressure on President Joe Biden not to veto legislative action to overturn a controversial Securities and Exchange Commission bulletin that sets accounting standards for companies that manage cryptocurrencies. In a letter to President Biden on Thursday, Sen. Cynthia Loomis, R-Wyo., and House Financial Services Committee Chairman Patrick McHenry, R-N.C., among other lawmakers, cited bipartisan votes in the House and Senate as reasons. Don’t exercise your veto. Earlier this month, the full House and Senate voted in favor of a bill to repeal the SEC Staff Accounting Bulletin, also known as SAB 121. Last year, controversy erupted in…
Author: Crypto Flexs
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What is MEV?For starters, Maximum Extractable Value (MEV) encompasses a variety of techniques used by market actors to capture additional value by exploiting the pricing inefficiencies of blockchain transactions.One of the more innocent forms of MEV is called “transaction sniping.”Most recently, this phenomenon started appearing in local Bitcoin meme pools due to ordinal transactions. Without going into too much detail, the way on-chain transactions currently work is through the use of Pre-Signed Bitcoin Transactions (PSBT). The concept is simple. Some users list their photos on the marketplace by creating a deal with the details and price they want to sell…
UXLINK’s Company Profits Rise Rapidly on Web3 Social Infrastructure – Chainwire housenewsroomUXLINK’s company profits grow rapidly on Web3 social infrastructure. We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with 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 transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing preferences…
One of the more exciting applications of decentralized computing that have aroused a considerable amount of interest in the past year is the concept of an incentivized decentralized online file storage system. Currently, if you want your files or data securely backed up “in the cloud”, you have three choices – (1) upload them to your own servers, (2) use a centralized service like Google Drive or Dropbox or (3) use an existing decentralized file system like Freenet. These approaches all have their own faults; the first has a high setup and maintenance cost, the second relies on a single…
AI digital companion platform MetaPals will launch its first NFT collection on the Tezos blockchain, featuring 20,000 Teletubbies-themed NFTs. According to Tezos Spotlight, this initiative is an important step in blending beloved childhood characters with advanced blockchain technology. Teletubbies NFTs on Tezos In a recent announcement, MetaPals revealed a collaboration with WildBrain CPLG to create the Teletubby NFT series. This digital companion will be available for publication on the MetaPals website starting May 31. Each NFT is uniquely designed to exhibit unique characteristics, behavior and colors, ensuring a diverse and personalized experience for users. The…
As altcoin season approaches, traders are preparing for potential market changes. As a former DeFi analyst, Xremlin believes it is important to follow the right voices to navigate the bull market. He shared a list of top cryptocurrency influencers on X (formerly Twitter) who provide valuable insights to altcoin traders. Educator and OG @0x_gremlin: Known for trading, education, and currencies, Xremlin provides sharp market insights. @wacy_time1: A company specializing in DeFi, trading, and educational content. @rektfencer: Renowned for research, trading tips, and actionable currencies. @milesdeutscher: Covers news, trading strategies, airdrops, etc. @ardizor: Provides trading education and airdrop-related details. @nobrainflip: Focus…
XRP price holds key support at $0.5220. Bulls could target a fresh advance as long as the pair does not close below the $0.5220 support. XRP is struggling to start a new rally above the $0.5350 resistance zone. The price is currently trading below $0.5320 and the 100-hour simple moving average. On the hourly chart of the XRP/USD pair, there is a major bearish trendline forming with resistance near $0.5280 (data source from Kraken). Unless the bears push the price below $0.5220, the pair could start a new rally. XRP price maintains support XRP price began a downward trend again,…
While on the rise, Dogwifhat (WIF) price is up nearly 27% in the past week, making the meme coin the best-performing altcoin. This strength continues as investors expect WIF prices to rise. Dogwifhat Holders Still Optimistic WIF’s price loss against the possibility of closing above $4.00 was a huge blow. Because this would have allowed meme coins to reach new all-time highs. But that hasn’t stopped investors from hoping for a recovery and continued gains. The overall weighted sentiment of WIF holders is currently positive, the first time it has been positive in almost two months. The last time WIF…
Ethereum (ETH) has hit above $3,900 several times over the past seven days but has been unable to maintain this level. The market appears to have expected an upward trend because the U.S. Securities and Exchange Commission’s (SEC) approval of the spot Ethereum exchange-traded fund (ETF) occurred on May 21, two days before the decision.Ethereum Spot ETF Approved: Not Everything Turned Out As ExpectedSpot ETF traders may argue that they are still awaiting Form S-1 approval for each fund. Bloomberg ETF analyst Eric Balchunas expects the Ethereum spot product to begin trading by July 4, and his colleague James Seyffart…
According to a post from the Shibarium Network This work will reduce token bridging time to Ethereum from 7 days to approximately 45 minutes, with the goal of improving Shibarium’s operational efficiency and overall user experience. This was achieved by introducing (…)