Synthetix’s decentralized stablecoin — known as Ticker sUSD SUSD +0.46% — fell below the $1 peg as sales volume increased on the decentralized exchange.Stablecoins are issued through Synthetix, a DeFi protocol that enables the creation of synthetic assets or synths. It aims to maintain a 1:1 peg to the US dollar, be issued as a loan, and be overcollateralized with crypto assets.The market capitalization of the stablecoin is over $50 million. On Thursday, sUSD fell to $0.92 before recovering to $0.96 at the time of writing, data shows.Chaos Labs, the risk manager for the Aave lending protocol, confirmed that the…
Author: Crypto Flexs
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Altcoins linked to security-focused cryptocurrency wallets are outperforming the broader digital asset market, surging more than 40% this week. Safe is a smart contract wallet that runs on multiple blockchains. The project introduced native swap this week. Explain that it is safe, “Batch auctions consolidate multiple transactions, reducing gas costs and the need for multiple signatures. A smoother, more efficient transaction process is here. Built-in MEV (Maximum Extractable Value) protection via a professional third-party solver ensures fair and interference-free trading. Professional solvers compete to fill orders by accessing a broad network of decentralized liquidity sources, aiming for more competitive prices.”…
Dubai, United Arab Emirates, May 17, 2024, Chainwire Penguinana Pre-saleThe penguin-themed Solana meme coin has now surpassed 1,500 SOL. The team believes this achievement highlights the growing interest surrounding Penguiana within the cryptocurrency and meme coin community. Inspired by the playful and communal nature of penguins, Penguinana It’s more than just a meme coin. Leveraging blockchain’s fast processing and low fees, Solana is poised to become a significant player in the ecosystem, attracting both cryptocurrency enthusiasts and meme coin enthusiasts. $PENGU token and its utility At the heart of Penguiana is the $PENGU token, with a total supply of 100…
join us telegram A channel to stay up to date on breaking news coverage Immutable Invariant Current constant X price – $2.40 Immutable Immutable X Circulating Supply – 1.4 billion Constant Immutable IMX/USD Market Main level: Resistance levels: $3.30, $3.50, $3.70 Support levels: $1.50, $1.30, $1.10 IMXUSD – daily chart IMX/USD continues to enjoy strong interest, helping the coin rise above its 9- and 21-day moving averages. Immutable X (IMX) is currently hovering at $2.40 after touching a low of $2.33. However, Immutable Immutable X Price Prediction: IMX Could Be on the Rise. Immutable However, the upward movement of the…
Cryptocurrency expert Michaël van de Poppe Recently, he announced that he sold all of his Bitcoin and diverted the capital to altcoins. The analyst explained the reason for this move and said that they are doing this to acquire more shares. Main cryptocurrency later. Why this analyst switched from bitcoin to altcoin On X (formerly Twitter) post, Van de Poppe explained that altcoins have been “crushed to the point of absurdity.” He therefore believes things can improve from now on, noting that “the upside (of this altcoin) is undeniable.” Related Reading Based on his explanation, the analyst suggested: altcoin maybe…
One of the criticisms that many people have made about the current direction of the cryptocurrency space is the increasing amount of fragmentation that we are seeing. What was earlier perhaps a more tightly bound community centered around developing the common infrastructure of Bitcoin is now increasingly a collection of “silos”, discrete projects all working on their own separate things. There are a number of developers and researchers who are either working for Ethereum or working on ideas as volunteers and happen to spend lots of time interacting with the Ethereum community, and this set of people has coalesced into…
Justice Emeka Nwite of the Federal High Court in Abuja has refused to grant bail to Binance executive Tigran Gambaryan. Gambarian and Binance are accused of money laundering and tax violations in Nigeria.According to Friday’s ruling, Nwite agreed with prosecutors’ contention that Gambarian posed a flight risk, according to Nigerian news outlet The Nation. The judge reportedly said in his ruling that several factors, including the nature and seriousness of the crime, must be taken into account when deciding whether to grant bail to a defendant.Binance executive in Nigerian money laundering trialThe trial of Binance’s financial crimes compliance chief on…
Another whale purchased $6.15 million worth of ARB tokens, but MATIC failed to attract that investment. Arbitrum’s new unique deals outnumbered Polygon’s. If Arbitrum (ARB) has experienced some kind of accumulation over the past few months, you might want to pay attention to another Ethereum L2 like Polygon (MATIC). AMBCrypto has reported on several occasions how investors have been buying ARB in large quantities. While activity slowed down at some point, another accumulation reappeared on May 17. According to Arbiscan, one whale purchased 4.17 million ARBs on the dates mentioned. These same buyers have been purchasing tokens since July 2023.…
To explore data analysis features in ChatGPT, users must upload one or more data files, after which the AI tool will write and run Python code on the user’s behalf to analyze the data. A.I (AI) leader OpenAI has introduced yet another enhancement to its users, adding new enhancements tailored to data analytics. Interactive tables and charts are being added to its new flagship Large Language Model (LLM), according to OpenAI’s X announcement. GPT-4o Within a few weeks. OpenAI users can sync ChatGPT with Google Apps. Once implemented, users will be able to add files directly to ChatGPT from Google…
Extensive recovery effort leads to recovery plan after security breachXLink, a popular Bitcoin blockchain bridge, is set to recover after a devastating $10 million hack that temporarily halted operations. The security breach, first reported on May 15, affected the bridge’s Ethereum and BNB Smart Chain (BSC) endpoints.source: XLink.btcDetails of Hacking and Recovery EffortsThe breach resulted from private keys obtained through a phishing attack being compromised, allowing for the unauthorized withdrawal of approximately $4.3 million. However, thanks to the intervention of white hat hackers, much of the stolen assets were quickly recovered.During the operational outage, the XLink team worked with security…