Bitfinex Securities Finances El Salvador’s First Airport Hotel Bitfinex Securities, a leading securities trading platform, has officially launched a tokenized bond offering to finance the construction of a new Hampton by Hilton hotel at El Salvador International Airport. This is the first project launched by Bitfinex Securities El Salvador after becoming the first entity licensed to operate under El Salvador’s Digital Asset Securities Act. Project details and capital raising information This project is a 5-story building with a total area of 4,484㎡ and includes convenience facilities such as 80 guest rooms, 5 commercial spaces, a…
Author: Crypto Flexs
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Reuters reported on the 2nd (local time) that Infinite Block, a Korean virtual asset service provider (VASP), has joined XRP Ledger as a validator. name The Seoul-based company, led by CEO Koo-Tae Jeong, aims to facilitate the stable expansion of ledgers within Korea’s strict regulatory framework. XRP Ledger gains another institutional validator in Asia Infinite Block, founded by a group of Korea’s top regulatory and financial experts, secured its VASP license in 2023 after being the only one out of about 50 applicants to qualify. This credential is subject to international travel rules and anti-money laundering standards. XRPL, a decentralized…
dYdX founder Antonio Juliano is set to step down as CEO of the cryptocurrency platform. Juliano shared his plans in an official blog post, detailing his transition to the position of Chairman and President of the company. His successor as CEO will be Ivo Crnkovic-Rubsamen, a former operating partner at dYdX. “I realized I didn’t really need to run my own company. I am and will continue to be the founder of dYdX.” Antonio Giuliano, founder of dYdX The platform founder also emphasized his commitment to fostering the growth of his colleagues and developing leadership within the organization until a…
Ethereum has become a deflationary asset since switching from proof-of-work to proof-of-stake in 2022. The total circulating supply of Ethereum (ETH) is currently 120,105,358 ETH, which is 415,680 ETH lower than the supply level observed prior to The Merge..However, over the past 30 days, Ethereum’s supply dynamics have changed, with 35,548.72 ETH being burned (removed from circulation) and 75,072.43 ETH being issued to validators as block rewards. The net result is an increase in supply of 39,523.71 ETH over this period. Based on supply changes over the last 30 days, Ethereum’s current annual inflation rate is around 0.4%, according to…
ChainML, a web3-based AI platform, raised $6.2 million in a seed expansion round and unveiled its agent-based layer called Theoriq. Hack VC led the funding round, with participation from Foresight Ventures, Inception Capital, HTX Ventures, Figment Capital, Hypersphere Ventures and Alumni Ventures, ChainML said Monday. This round, comprised of equity via token warrants, was raised late last year and is currently being announced with the disclosure of Theoriq, ChainML co-founder and CEO Ron Bodkin (formerly Director of Applied Artificial Intelligence Technology at Google). told the block. Bodkin declined to comment on the valuation.ChainML’s seed expansion round comes nearly two years…
Recently, $71 million worth of cryptocurrency stolen in a wallet poisoning scam was fortunately but mysteriously returned to the victims.An unknown attacker returned $71 million worth of Ether (ETH) tokens on May 12 after a high-profile phishing incident caught the attention of several blockchain research firms. Lookonchain, an on-chain security company, unpacked the details with X. post May 13:“SlowMist_Team published a report on this incident three days ago, tracing the IPs of several attackers believed to be from Hong Kong (VPN use was not ruled out). “Afterwards, the attacker responded to Whale and returned all the funds.”source: Look on chainThis…
Two of the largest U.S. banks, JP Morgan and Wells Fargo, have disclosed investments in a spot Bitcoin exchange-traded fund (ETF). This move comes amid widespread market volatility and regulatory uncertainty in the cryptocurrency industry. Bitcoin price is currently hovering around $60,000, down from its all-time high of $73,000 in March. TLDR JP Morgan and Wells Fargo have disclosed investments in spot Bitcoin ETFs, signaling a shift in their stance on the cryptocurrency. JP Morgan has invested about $760,000 in various Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC). Wells Fargo owns 2,245 shares of…
Blockchain detective ZachXBT suspects a hack of the Rain cryptocurrency exchange. In a blog post, researchers shared speculation that Rain was likely hacked for $14.8 million on April 29. Rain is a cryptocurrency exchange and custodian serving the Middle East, Türkiye, and Pakistan. ZachXBT claims that suspicious leaks have been detected from Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) wallets. To prove his assumption, ZachXBT shared two addresses where the stolen funds were likely located. However, ZachXBT emphasized that Rain has not made any statement regarding this incident. “Rain is currently not making any statement regarding the incident.”…
Binance Expands Cryptocurrency Offerings with BounceBit Integration In a significant move to expand its cryptocurrency offerings, Binance has integrated BounceBit (BB) into multiple services. The global cryptocurrency exchange and blockchain platform announced that BounceBit has been added to Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Futures, and Binance Auto-Invest. Expanded Access to BounceBit Starting May 15, 2024 at 10:00 (UTC), users will be able to purchase BB using payment options supported by Binance Auto Invest. This integration allows users to purchase BB directly using credit/debit cards, Google Pay, Apple Pay, or buy…
Decentralized exchange (DEX) protocol Injective (INJ) is generating excitement in the cryptocurrency market with analysts predicting a potential price surge. This token is attracting the attention of many analysts, with many predicting that its value will rise significantly. Related Reading Technical indicators are flashing bullish signals for injection. Injective’s recent price action has caught the attention of market watchers, especially its bullish performance in a descending wedge pattern. This pattern is often seen as a sign of a bearish reversal, and Injective’s successful breakout suggests a potential change in market sentiment towards the token. Renowned cryptocurrency analyst Jonathan Carter said…