Share this article The Wall Street Journal (WSJ) reported that Donald Trump is considering Elon Musk as a policy advisor if he wins the U.S. presidential election this year. This means Musk can be an advisor on economic and border security issues, as the tech giant has the potential to exert “official voice and influence” in these areas.According to the Journal, Musk has been actively participating in an influencer campaign to dissuade prominent American business leaders from supporting incumbent Democratic President Joe Biden.In particular, Musk and Trump are two figures who are at odds when it comes to cryptocurrency, but…
Author: Crypto Flexs
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“The fact that $58 billion has flowed into ETFs is a strong signal that the market is looking for regulation of traditional structures,” Martin said. “So, I hope the U.S. Securities and Exchange Commission (SEC) will look at the inflows and say, ‘This makes sense,’ given that Bitcoin ETFs have been incredibly successful.”
Bitcoin (BTC) price has been trending downward since testing $70,300 on May 27 and is currently near $67,500, down 4% in two days. However, support at $66,000 has remained firmly in place since May 17, providing some relief to bulls who are not yet surprised by this correction. Potentially concerning data comes from the Bitcoin derivatives market, as the number of BTC-equivalent leveraged bets, known as open interest, rose to a 16-month high on May 29.Investors prefer Bitcoin’s performance by moving out of fixed income positions.Macro trends have influenced Bitcoin’s performance. This suggests that the stock market is strong, as…
Solana governance prioritizes the approval of fees for validators. The purpose of this change is to address the issue of validators making side transactions. Previously, Solana validator earnings surpassed Ethereum. In blockchain technology, validators play an important role in network security. It records all transactions on the chain correctly and ensures that all participants have equal access. However, recent proposals have highlighted that this may not always be the case in practice. Most recently, Solana holders voted on a proposal to provide 100% priority fees to the network. This decision comes after several users reported issues with validators engaging in…
Austin, Texas, May 29, 2024, ChainwireAgora brings to Sui an unrivaled blend of technology, financial markets and operational experience combined with blue-chip traditional financial partners and sponsors.Sui, a layer 1 blockchain with industry-leading performance and infinite horizontal scaling, announced the launch of its stablecoin AUSD on its network in July 2024. This strategic deployment, available only on selected chains, makes AUSD the second blockchain to be deployed. The number of native stablecoins within the Sui ecosystem is increasing as the number of native assets on the network grows rapidly. Agora is led by early-stage finance and technology industry veterans Nick…
Decentralized Autonomous Organizations (DAOs) are groups that operate through blockchain-based smart contract rules to eliminate traditional governance structures. DAOs give up centralized leadership. Instead, decision-making power is distributed across organizational participants who hold tokens that give them the right to vote on changes. Basics of autonomous organization In a DAO, decision-making authority is distributed to all members rather than a single entity or small cluster. Members often hold cryptocurrency to participate in how the organization is run, a process called “governance.” Cryptocurrencies that are specific to a DAO or protocol and grant voting rights to users within the organization are…
We are excited to be a founding member of the industry’s first Cryptocurrency Information Sharing and Analysis Center (ISAC). The non-profit organization will foster a collaborative approach to information sharing across the ecosystem to reduce cybersecurity exploits and improve trust in blockchain and crypto-asset technologies. “Kraken has a proven track record of strong cybersecurity protocols, but cryptocurrency is only as secure as the weakest link in the industry. A series of vulnerabilities exploit risks that undermine confidence in this revolutionary asset class. This is why we must work together to share knowledge and information. Only through effective collaboration can cryptocurrency…
ICP Portugal Ideathon was a huge success – Chainwire 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 not been requested by subscribers or users. Technical storage…
According to a disclosure on its website, the Volatility Shares 2x Ether Strategy ETF (ETHU) will be the first leveraged Ethereum ETF to trade on the Chicago Board Options Exchange (CBOE) by June 4.Leveraged trading allows investors to control positions that are more significant than their initial deposit, increasing their exposure to price fluctuations. The platform provider lends the difference between the transaction amount and the investor’s margin.Several Ethereum futures ETFs already exist in the U.S., including ProShares’ Ether Strategy ETF (EETH), VanEck’s Ethereum Strategy ETF (EFUT), and Bitwise’s Ethereum Strategy ETF (AETH). While initial adoption of these ETFs has…
The Hong Kong Monetary Authority (HKMA) has issued a public warning about the proliferation of fraudulent emails, advertisements and phone calls falsely claiming to be linked to the agency. The HKMA said it had received numerous public inquiries about these fraudulent communications. Details of the fraudulent activity Among the reported scams, several specific examples have been highlighted. Fraudsters posing as HKMA employees claimed to have helped recover losses resulting from the fraud. An individual received a notification from a fraudulent bank email that their funds transfer had been blocked. The notice was falsely claimed to…