OKX Ventures invests in Monad Labs to accelerate Web3 and distributed computing innovation.OKX Ventures, the investment arm of OKX, a leading cryptocurrency exchange and Web3 technology company, announced a strategic investment in Monad Labs. According to a blog post on OKX Ventures’ Medium page, the latter is developing a developer-driven smart contract platform that will revolutionize the decentralized digital environment.Supporting innovation at the forefront of blockchainThis investment highlights OKX Ventures’ commitment to supporting innovative blockchain and decentralized ecosystem projects. Monad Labs, a leader in innovation, provides a groundbreaking platform that scales Ethereum 1000x through parallel…
Author: Crypto Flexs
Read More
SOL is often cited as a contender to eventually replace ETH. Market activity this week shows just how enormous this challenge is.
Stuart Alderoty, Ripple’s chief legal officer, described U.S. Securities and Exchange Commission Chairman Gary Gensler as a “struggling liability.” This comes as the hype surrounding the potential approval of spot ether exchange trading funds grows.In response to discussions about the SEC becoming a hot topic of pre-election discourse, Alderoty wrote in X that “Gensler overplayed his hand.”“He thought cryptocurrencies were an easy target,” Alderoty said. “He liked being the guy everyone hated. He thought he was above congressional oversight. All that was lost. He’s now struggling with political responsibility.” .” he added.This opinion, long echoed by many others in the…
A trader known for several accurate cryptocurrency market currencies says Bitcoin (BTC) could be preparing for a massive breakout. Pseudonymous analyst Dave the Wave told his 146,500 followers on social media platform “BTC Megaphone.” Source: Dave the Wave/X Looking at the daily chart, traders suggest that Bitcoin is in a bullish megaphone pattern with two highs and two lows and could surge to around $109,500. The analyst also says that the 0.382 Fibonacci retracement level, the lowest price of Bitcoin’s trading range, is forming a trend line that holds support from late 2023. “This chart belongs here in a thread…
The world of Decentralized Finance (DeFi) is booming, offering innovative financial instruments and boundless opportunities. At the forefront of this revolution lies the Binance Smart Chain (BSC), a high-performance blockchain boasting fast transaction speeds and low fees. To interact with the exciting DeFi landscape on BSC, MetaMask, the popular non-custodial wallet, serves as a vital gateway. This comprehensive guide will equip you with the knowledge to seamlessly connect your MetaMask wallet to BNB Smart Chain, unlocking a universe of DeFi possibilities. MetaMask – Your DeFi Companion: MetaMask serves as a vital bridge connecting users to the expansive realm of blockchain…
Binance Launches New Offers to Increase ProfitsAccording to a recent announcement from Binance, the leading cryptocurrency exchange has introduced a new limited-time offer to its Binance Savings platform. The offer is launched every Wednesday, giving users the opportunity to earn rewards on various platforms such as Simple Earn, BNB Vault, ETH Stake, Dual Investment, and more.These offers are available on a first-come, first-serve basis, so users can view their assets by going to Wallet > Earn on the platform.Additional benefits for usersUsers holding active BNB vaults and/or BNB locked product positions will automatically receive rewards…
May 21st Bitfinex lists PORTAL, the portal’s native token Posted at: 08:09h From media materials Maria Lobusova Road Town, British Virgin Islands – May 21, 2024 – Bitfinex (https://www.bitfinex.com), a leading digital asset trading platform, today announced the listing of PORTAL, the native token of Portal, a multi-chain web3 gaming platform. Web3 games are growing tremendously, and the market size is expected to reach approximately $614 billion by 2030. This is a nearly 300% increase over the 2023 valuation of $154 billion. Portal is collaborating with LayerZero, a protocol that enables blockchain interoperability, to facilitate multi-chain experiences by connecting a…
Degen (DEGEN), a token created by the Farcaster community, rose 17% after the blockchain-based social platform confirmed it had raised $150 million in its latest funding round.The Series A round was led by venture firm Paradigm, with participation from Andreessen Horowitz, Haun, USV, Variant, and Standard Crypto. Farcaster founder Dan Romero said in a May 21 post that the funding will “support our work on Farcaster for many years.” Romero, a former Coinbase executive, first hinted at a funding round at Warpcast in March, but did not share any further details at the time. Bloomberg reported in March that the…
In a move that has the cryptocurrency community buzzing, the U.S. Securities and Exchange Commission (SEC) has asked major exchanges to improve their applications for spot Ethereum ETFs. According to Reuters reportThe request is interpreted as a positive sign that regulators are ready to approve the long-awaited product, according to sources familiar with the process. Ethereum ETF Approval Is Nearing The exchanges in question, Nasdaq, CBOE, and NYSE, have been doing the following: submission It lists Ethereum ETFs offered by asset managers such as VanEck and ARK Investments/21Shares. Typically, such regulatory feedback from the SEC will lead to approval rather…
Posted 1 minute ago In ~ Updated: May 22, 2024 2:48 AM EDT Coinbase joins other cryptocurrency and technology companies, including social media giant Meta, blockchain payments company Ripple, cryptocurrency exchanges Kraken and Gemini, the Global Anti-Scam Organization (GASO), and Match Group, in the Tech Against Scams coalition. ) has started. Parent company of Tinder and Hinge.The group aims to combat online fraud and financial fraud by sharing knowledge across a variety of industries.The initiative covers a range of technology sectors, including but not limited to social media, cryptocurrency, finance and dating apps, highlighting the widespread problem of fraud across…