One funding round that has particularly piqued my interest over the past two weeks has been Farcaster. The decentralized social networking protocol has raised the second-largest funding round in the cryptocurrency industry this year ($150 million Series A at a reported valuation of $1 billion), following Monad’s $225 million funding last April. I did. Such a significant round in unicorn valuation is not common in cryptocurrencies. So what’s so special about Farcaster and why are investors bullish about it?Farcaster was founded in 2020 by former Coinbase executives Dan Romero and Varun Srinivasan. They also developed an app called Warpcast on…
Author: Crypto Flexs
Read More
“SAB 121 effectively prohibits regulated banking institutions from providing digital asset custody at scale because it treats the assets as if they were owned rather than simply managed by the banking institution,” according to a letter sent to Biden on Friday. Several organizations signed. American Bankers Association and Financial Services Forum. “Institutions required to record deposited digital assets on their balance sheets are subject to higher capital, liquidity and other prudential requirements than their non-bank competitors.”
The Hong Kong Monetary Authority (HKMA) has published analytical data on foreign currency reserves and liquidity in the Hong Kong Special Administrative Region as of the end of April 2024. The data released on May 31, 2024 follows analysis by the International Monetary Fund (IMF). (IMF) Special Data Dissemination Standard (SDDS). Monthly data releases According to the HKMA, foreign exchange reserves and liquidity data are published monthly under the IMF’s SDDS framework. The plan aims to strengthen transparency and accountability in economic and financial data reporting. HKMA’s launch schedule for May 2024 includes several key…
Top news this week Ethereum ETF launch in June ‘legitimate possibility’ as BlackRock files S-1 The US spot Ethereum exchange-traded fund (ETF) is likely to be launched by the end of June, with recent positive progress in the approval process. BlackRock updated the Form S-1 filing required for the iShares Ethereum Trust (ETHA) with the U.S. Securities and Exchange Commission (SEC) on May 29, a week after the SEC approved the 19b-4 filing. According to Bloomberg ETF analyst Eric Balchunas, this is a good sign that other applications could soon follow. According to Balchunas, launch is possible at the end…
XRP price extended losses below the $0.5220 support area. It tested the $0.5120 support and is now attempting another recovery wave towards $0.550. XRP is struggling to start a new rally above the $0.5320 resistance zone. The price is currently trading below $0.530 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 $0.5230 (data source from Kraken). If the price stays below $0.5320, the pair may continue to decline. XRP price falls further XRP price remained in the same short-term bearish zone as Bitcoin and…
index While Dogecoin (DOGE) lags behind, Pepe is leading the memecoin market. Pepe, which hit a record high last week, is attracting thousands of new investors, while Doge investors are choosing to diversify. However, investors who are too focused on the meme coin market are missing out on Rollblock, a unique GambleFi project that showcases an innovative gaming platform and revenue sharing opportunity that could be one of the best passive income sources in the cryptocurrency industry. Rollblock, a revenue-generating business already in operation, is expected to be the next one. 50 times Tokens of 2024, let’s find out why!Dogecoin…
After President Joe Biden vetoed SAB 121, a resolution to overturn the U.S. Securities and Exchange Commission’s (SEC) controversial cryptocurrency regulations, lawmakers in the U.S. Senate and House of Representatives are ramping up efforts to pass landmark cryptocurrency legislation. Reinforced. 21st Century Financial Innovation and Technology (FIT21) Act. ‘senate(…)
LBank Sponsors and Participates in CoinDesk’s 2024 Consensus – Chainwire housenewsroomLBank sponsors and participates in CoinDesk’s 2024 Agreement. 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 that have…
Layer 1 • June 1, 2024 10:22 AM EDT Block Explorer allows users to view and track transactions on blockchain networks. This is a search engine that provides a user-friendly interface to access details about blocks in the blockchain, including their associated addresses, times, etc. This tool is tailored to specific cryptocurrencies. This means that users should choose the appropriate explorer based on the digital currency they are interested in. What is Block Explorer? Block explorers provide detailed information about individual blocks in a blockchain. This information includes: Network statistics: Total number of transactions, average or median…
Senator Cynthia Lummis recently said that the cryptocurrency market will play a significant role in the U.S. economy unless the opportunity is squandered.Lummis, a proponent of cryptocurrency legislation, believes recent victories in Congress signal a promising future for the sector.In recent years, cryptocurrency advocates like Lummis have worked tirelessly to educate their colleagues about digital assets. She said in her social media post on May 29:“When I came to the U.S. Senate, no one knew about digital assets and no one knew the difference between Bitcoin (BTC) and alternative coins. “So we’ve been working hard to educate our senators.”Lummis worked…