Oracle has announced plans to establish two new Oracle Cloud regions in Morocco to provide enterprise cloud services to organizations across Africa. The new regions, located in Casablanca and Settat, enable Oracle customers and partners to migrate critical workloads from their data centers to Oracle Cloud Infrastructure (OCI) to comply with local regulations and accelerate digital transformation. Driving digital innovation in Morocco This initiative highlights Oracle’s commitment to Africa and is expected to drive the digital modernization of businesses, startups, universities and investors in Morocco and the wider region. This project is consistent with Morocco’s…
Author: Crypto Flexs
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The price of BNB is currently trending within a descending triangle. Demand for altcoins must increase to break the upper line of this triangle. Binance Coin (BNB) has been trending downward since the price peaked at $612 on May 27 and formed a descending triangle. At the time of writing, the altcoin is trading at $593.11, recording a 3% price decline over the past three days. BNB at the intersection At the current price, Binance Coin is trading slightly below the bottom line of the descending triangle that forms support. For a move towards the top of this triangle (resistance)…
Recently, in 2024, the cryptocurrency industry is facing a situation where financial damage is rapidly increasing due to frequent cyber attacks such as hacking and rug pull. Blockchain security company Immunefi said 32 confirmed attacks resulted in losses exceeding $200 million in the first quarter of this year. This is a 15.4% increase compared to $173 million in the same period last year. In February, a number of adverse events resulted in significant financial losses. A total of $67 million was extracted in 12 different incidents, almost half of the $133 million stolen in January. Another significant incident was the…
Recently, in 2024, the cryptocurrency industry is facing a situation where financial damage is rapidly increasing due to frequent cyber attacks such as hacking and rug pull. Blockchain security company Immunefi said 32 confirmed attacks resulted in losses exceeding $200 million in the first quarter of this year. This is a 15.4% increase compared to $173 million in the same period last year. In February, a number of adverse events resulted in significant financial losses. A total of $67 million was extracted in 12 different incidents, almost half of the $133 million stolen in January. Another significant incident was the…
The EOS Network Foundation limits token supply to 2.1 billion. The new economic model includes a four-year halving and RAM market support. 950 million EOS tokens will be issued for ecosystem growth and rewards. In a groundbreaking move, the EOS Network Foundation, led by CEO Yves La Rose, approved a community proposal to limit the total supply of EOS tokens to 2.1 billion. This decision represents a significant change in network token economics, aimed at stabilizing and improving the economic model of the EOS ecosystem. Community Approval and Implementation The proposal, which has received approval from at least 15 of…
Posted 1 minute ago In ~ The Uniswap Foundation, the organization that governs the decentralized exchange Uniswap, postponed the vote. UNI -6.73% Staking and delegation rewards are scheduled for Friday. The postponement brought further attention as “stakeholders” discussed their concerns with the foundation. UNI’s price fell following the announcement.“Last week we announced that the first proposal to enable Uniswap protocol governance will be deployed on-chain today,” the foundation wrote on social media platform “Due to the immutability and sensitivity of our proposed upgrade, we have made the difficult decision to postpone publishing this vote.””This was unexpected and we apologize for…
A property containing 2,738 cryptocurrency mining rigs in Salto del Guairá, Paraguay, has been seized by the National Electricity Authority (ANDE) after unmetered power connections were detected in the area. A bill has been introduced in the country’s Senate that would ban cryptocurrency mining and other cryptocurrency-related activities until there is comprehensive legislation and assurances from the country’s electricity provider. ANDE used artificial intelligence and distribution analytics to prevent power theft worth 1.1 billion Guarani ($146,000) per month. Five transformers were also seized from the premises. Four criminal charges may be filed against operators of illegal operations.Source: Joaquin MoinigoAt least…
In a Consensus 2024 interview, Ripple CEO Brad Garlinghouse argued that an XRP exchange-traded fund (ETF) is inevitable and that it is only a matter of time before many other cryptocurrency assets are approved for similar fund offerings.Garlinghouse also expressed optimism that the cryptocurrency market is heading towards a $5 trillion valuation, with the recent approval of spot Bitcoin (BTC) and Ethereum (ETH) ETFs in the United States.The Ripple CEO also reiterated his belief that there can be a variety of project initiatives and winners in the cryptocurrency space, each choosing to focus on a different aspect of the fast-growing…
Six companies updated their spot Ethereum ETF S-1 registration statements on May 31, with 21 stocks specifically delisting Ark Invest. The related filing renames “Ark 21Shares Ethereum ETF” to “21Shares Core Ethereum ETF.” It also removed all references to Ark Invest from the text, although previous filings described Ark Invest as a sub-advisor to the fund. Ark Invest had no comment on the changes. Other revisions Bitwise, Fidelity, Invesco Galaxy, VanEck and Franklin Templeton also submitted amendments. Franklin Templeton’s amendment included a 0.19% sponsor fee, making it the first issuer to list a percentage-based sponsor fee. Bloomberg ETF analyst Eric…
As the NFT market continues to grow, users are looking for efficient ways to manage their digital assets across a variety of platforms. According to Immutable.com, a detailed guide has been released to help users transfer NFTs from MetaMask to Immutable Passport. Prerequisites for NFT transfer To successfully transfer an NFT from MetaMask to Immutable Passport, users will need the following: An Immutable Passport account (sign up here). This is the MetaMask wallet address where the NFT is stored. $IMX tokens in MetaMask’s zkEVM to cover gas costs (tutorial on earning $IMX) memo: Before…