President Joe Biden’s re-election campaign has begun reaching out to cryptocurrency industry officials seeking guidance on “the evolution of the crypto community and cryptocurrency policy,” a source with direct knowledge of the matter told The Block. The support marks a significant “change” from Biden’s previous open-ended deals with the industry, according to multiple sources who spoke on condition of anonymity, citing the sensitivity of the ongoing discussions. The engagement effort, which began about two weeks ago, comes as the Biden campaign becomes increasingly aware of the impact cryptocurrency-related issues could have on the very close presidential race, sources told The…
Author: Crypto Flexs
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Solana outperforms other chains in scale. TVL was close to an all-time high. Solana (SOL) showed overwhelming performance in terms of trading volume. Compared to other notable blockchains such as Binance Chain and Tron (TRX), it has recorded more transactions in the past 30 days. This indicates a significant increase in activity and usage on the network. SUI is the only other network that shows a slightly significant trend. Solana trading volume is on the rise AMBCrypto’s investigation of Solana’s volume on DefiLlama shows that the volume has increased significantly over the past few months. Compared to previous years, the…
The Torque franchise gets its biggest update yet, including all-new game modes, improved modding tools, and a multiplayer leader board. Motorverse-based Torque Drift 2 can be used to improve interoperability, leading gaming studio Grease Monkey Games has released an official update for its premium drift racing simulator called Torque Drift 2. In-game virtual currency, multiplayer leaderboards, modding tools, and other enhancements are great features of Torque Drift 2. Torque Drift 2 is now part of Motorverse, a global digital mechanic brought to you by the Animoca brand. Motorverse is the market leader in digital vehicle ownership, automotive IP, and brand…
The Bank of Israel has launched the “Digital Shekel Challenge” to develop CBDC payment solutions. Challenge participants will have access to a prototype system to use the innovative digital shekel. The Bank of Israel will host a webinar on June 9 to discuss further details. In a significant move towards digital currency adoption, the Bank of Israel (BoI) announced the launch of the “Digital Shekel Challenge”. The initiative aims to develop innovative payment solutions using the Digital Shekel, the Central Bank of Israel digital currency (CBDC), first reported in 2021. This challenge, inspired by the BIS Innovation Center’s “Rosalind Project”,…
In the volatile world of cryptocurrencies, ensuring the security of your digital assets is akin to guarding a chest overflowing with gold during a pirate raid. Unlike traditional currencies, cryptocurrencies exist solely in the digital realm, making them susceptible to a unique set of threats. Here’s where crypto vaults come in, offering a robust solution for safeguarding your cryptocurrencies against the ever-present threats of hacking, theft, and unauthorized access. These fortified digital safes function as the modern equivalent of a bank vault, employing a multi-layered security approach to keep your crypto holdings safe. Let’s delve deeper into the concept of…
Generative AI continues to reshape industries through advanced foundational models that improve content creation and data interpretation. According to the NVIDIA Technology Blog, NVIDIA has launched two new model families from the NVIDIA AI Foundation: Phi-3 and Granite Code. Phi-3 language model Developed in collaboration with Microsoft, the Phi-3 series includes a Small Language Model (SLM) optimized for high performance and computational efficiency. These models excel at tasks such as content generation, summarization, question answering, and sentiment analysis. Its powerful reasoning capabilities make it ideal for a variety of applications that require logical reasoning and…
The Hong Kong Securities and Futures Commission (SFC) has reminded cryptocurrency trading platforms that they will need to obtain a license to operate in Hong Kong before the end of the grace period on June 1. Regulators enforce compliance, saying it is a criminal offense to operate without a license. Investors are advised to only trade (…)
Gemini Earn users will receive three times the value of their assets locked in loan products following the FTX and Genesis fiasco. On Wednesday, cryptocurrency exchange Gemini announced plans to repay $2.18 billion worth of cryptocurrencies to creditors. In-kind redemptions represent a 232% recovery for Earn users who were previously insolvent. Genesis, a subsidiary of Gemini’s lending partner Digital Currency Group (DCG), was caught up in FTX’s 2022 collapse. The turbulence effectively blocked withdrawals of more than $940 million residing on Earn products used by more than 230,000 users. Gemini co-founders Cameron and Tyler Winklevoss have accused Genesis, DCG and…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportFinancial giant BlackRock late Wednesday amended its filing with the SEC for its proposed spot Ethereum exchange-traded fund (ETF). iShares Ethereum Trust’s May 29 update is the first visible sign toward the market availability of an ETH-backed ETF following last week’s bombshell approval of a new financial instrument.“This is almost certainly the participation we were looking for,” Bloomberg ETF analyst James Seyffart said on Twitter. “The issuer and SEC are…
Posted 1 minute ago In ~ BlackRock has filed an amended registration statement for its proposed Ethereum fund, marking the company’s latest move to list and trade the product. The world’s largest asset manager submitted a revised S-1. registration statement Almost a week after the U.S. Securities and Exchange Commission announced Approved 19b-4 is the format for eight Ethereum ETFs, including the iShares Ethereum Trust proposed by BlackRock. Issuers must ensure that the S-1 Statement is effective before commencing trading. In the revised form, BlackRock disclosed information about its seed capital investors. “On May 21, 2024, Seed Capital Investor, an…