A lot has changed since Bitcoin was launched 15 years ago. Many other distributed database networks have been created, each with unique features and potential use cases.
Author: Crypto Flexs
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In May, the United States Congress voted in favor of two pieces of pro-crypto legislation for the first time, after years of political deadlock. Observers were struck by the support from leading Democrats — who acted in opposition to direction from the White House.Combined with last week’s approval of Ether ETFs, and pressure from the suddenly pro-crypto Donald Trump, pundits are now wondering if crypto voters not only have enough power to affect November’s presidential election — but if they already have. The Democrats’ sudden position shift — with the White House now saying it’s willing to negotiate on legislation…
A whale, or large memecoin holder, made nearly $5 million in just one month with Pepe tokens. Could another wave of retail interest keep Pepe’s price rising?PEPE Whale earns nearly $5 million a month.Prominent memecoin Whale earned $4.95 million in one month, despite Pepe (PEPE) price falling more than 17% from its all-time high. This is a 52% return on the initial investment.According to a May 30 post on Lookonchain, the whale deposited all of Pepe’s holdings into its Binance wallet. “In the last 10 minutes, one whale deposited all of the $660.7 billion PEPE ($9.52 million) it purchased a…
Agora, a leading financial technology company, has launched the new AUSD stablecoin on its Sui platform. This strategic move will improve the stability and functionality of digital transactions, providing users with a reliable and efficient means to conduct business in the evolving digital economy. Following FDUSD, AUSD is the second stablecoin scheduled to debut on Sui. Agora’s initial offering, AUSD, spearheads the company’s efforts to build a global financial network. The stablecoin, scheduled to be launched in June of this year, is expected to maintain equal value to the U.S. dollar. Agora previously declared AUSD accessible on Optimism, Ethereum, and…
Orbs, a layer 3 liquidity protocol, has partnered with SYMMIO and IntentX to launch Perpetual Hub to improve the on-chain futures experience for leveraged traders. Defi perpetual futures providers typically use order books as a liquidity mechanism to facilitate token swaps and bootstrap trading. According to DefiLlama, this method allows investors to participate in decentralized perpetual contracts, but many industry experts argue that it lacks capital efficiency for the $3.4 billion locked up in on-chain derivatives. DeFi derivatives TVL | Source: DefiLlama Orbs Persistent Hub To solve this problem, Orbs introduced an intent-based persistent hub that provides a comprehensive on-chain…
Talos, a cryptocurrency trading software provider and unicorn backed by giants including Citibank and Andreessen Horowitz (a16z), has acquired Skolem, which provides a DeFi access platform.The transaction size and other terms were not disclosed, but Talos said it will help Skolem expand its on-chain capabilities and connect institutional clients to additional decentralized finance or DeFi services.Anton Katz, co-founder and CEO of Talos, told The Block: “With this acquisition, Talos will expand its on-chain capabilities and provide customers with access to additional DeFi liquidity pools as well as its Portfolio Management Service (PMS) services. “It will help us expand to DeFi…
May 30th What is VELAR? Post time: 10:01h education Maria Lobusova Velar is a decentralized finance (DeFi) liquidity protocol that leverages the security of Bitcoin through a layer 2 agnostic approach, initially leveraging the Stacks blockchain and Clarity smart contract language. Designed to integrate Bitcoin’s fundamental strengths with advanced DeFi capabilities, Velar takes strategic steps forward by introducing sophisticated solutions such as automated liquidity protocols and the world’s first decentralized perpetual contract exchange with Bitcoin finality with up to 20x leverage. It unfolds as follows. With significant support and strategic partnerships, Velar aims to establish itself as a leading platform…
The U.S. Department of Justice (DOJ) arrested Yune Wang, 35, a national of the People’s Republic of China and an investment citizen of St. Kitts and Nevis, on charges of engaging in “cyberattacks, botnet fraud used to commit large-scale attacks.” These include large-scale fraud, child exploitation, harassment, bomb threats and export violations.”According to the May 29 indictment, from 2014 to 2020, Wang “created and accumulated malicious code to compromise and accumulate networks of millions of home Windows computers around the world,” affecting more than 19 million IP addresses through the 911 S5 botnet from 2014 to 2020. He was indicted…
The past few months have seen the Goliaths of the cryptocurrency world, the Ethereum whales, flex their financial muscle. According to a recent report from Santiment, on-chain data shows a surge in whale activity following the U.S. Securities and Exchange Commission’s (SEC) approval of a spot Ethereum exchange-traded fund (ETF). This heightened participation from large investors adds additional excitement to Ethereum’s bullish momentum, suggesting growing confidence and expectations within the market. Related Reading Whale of the Ages: An Anchor for Future Accumulation The SEC’s surprise approval of Form 19b-4 for ETF applications from big names like BlackRock and Fidelity on…
The Celo Network has officially integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP), strengthening its position as a powerful Ethereum Layer-2 and mobile-first blockchain. According to the Celo Foundation, the integration aims to strengthen cross-chain security and reliability and facilitate seamless token transfers and other key blockchain operations. Improved cross-chain security Chainlink CCIP introduces an industry-standard interoperability solution to the Celo ecosystem, providing multiple methods for cross-chain token transfers. It includes burn/mint, lock/unlock, and lock/mint mechanisms to support a wide range of use cases and applications. With this integration, Celo’s ecosystem is expected to significantly benefit from…