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…
Author: Crypto Flexs
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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…
Bitcoin (BTC) has been trading in a range for several days, indicating a battle between bulls and bears for supremacy. Trading firm Mosaic Asset believes “easing financial conditions” could lead to increased risky trading and could put Bitcoin on the verge of recapturing its bull run.CryptoQuant founder and CEO Joo Ki-Young Jo wrote in a post on A similar trend was seen in 2024, with “$1 billion more likely to be deposited into new whale wallets each day.”Daily view of cryptocurrency market data. source: Coin360Although a breakout eluded Bitcoin, the bulls achieved a rally of nearly 11% in May. This…
Terraform Labs and founder Do Kwon have reached a tentative agreement with the U.S. Securities and Exchange Commission (SEC). The SEC accused them of misleading cryptocurrency investors ahead of the collapse of stablecoin TerraUSD in 2022. Do Kwon agrees to resolve SEC civil fraud case Payment details have not yet been disclosed. Last April, a jury found Kwon and Terraform Labs liable on civil fraud charges. The SEC alleged in 2021 that it misled investors about the stability of TerraUSD and falsely claimed that Terraform’s blockchain was used in a popular mobile payments app in South Korea. U.S. District Judge…
Bedroom cryptocurrency traders and analysts have frequently expressed concerns about Bitcoin (BTC)’s inability to overcome its all-time highs. However, experts from the Chicago Mercantile Exchange (CME), TradingView, and TJM Institutional Services believe that spot Bitcoin exchange trading is on the way. ETFs will play a key role in pushing the price of BTC to the highest prices traders dream of. Consensus panel on the future of cryptocurrency derivatives markets. Source: Ray Salmond/CointelegraphSpeaking at Consensus on the role cryptocurrency derivatives will play in future markets, TradingView General Manager Pierce Crosby said that while derivatives have always been an integral part of…
May 31st What is a Bitaxe ASIC miner? Posted at 14:10h education by admin Bitaxe Ultra is a free and open source Bitcoin ASIC miner that leverages the efficiency of the BM1366 chip of Bitmain’s Antminer S19XP. It is designed for standalone operation with built-in Wi-Fi connectivity and supports both solo and pool mining. Bitaxe Ultra democratizes access to advanced Bitcoin mining technologies by emphasizing transparency and community collaboration by making all design files, including hardware schematics and firmware, publicly available. Are open source miners and home mining the future of Bitcoin mining? Bitaxe Ultra is an open source hardware…