DeFi • May 6, 2024, 1:10 PM EDT Posted 1 minute ago In ~ Ethereum layer 2 protocol Arbitrum has surpassed $150 billion in trading volume on decentralized exchange Uniswap. Arbitrum is the first layer 2 DEX to pass the threshold of Uniswap Labs. wrote in a social media post on Monday. As of early May, Arbitrum’s cumulative swap trading volume reached $150.2 billion.Blockchain data tracker DeFiLlama shows that Arbitrum’s Total Value Locked (TVL) is $2.64 billion, making it the largest layer 2 in TVL and the 5th largest protocol in TVL after layer 1 Solana, BSC, Tron, and Ethereum.…
Author: Crypto Flexs
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According to BitMEX co-founder Arthur Hayes, the next few months will provide an ideal opportunity to accumulate cryptocurrencies before the next phase of the bull market begins. “For people who have fiat and extra cash that they want to allocate to crypto, this is the perfect opportunity,” Hayes told Cointelegraph in an exclusive interview, referring to the current limited-scope market. According to Hayes, inflationary monetary policy will play a major role in pushing Bitcoin (BTC) and the broader cryptocurrency market higher later this year. “Major economies around the world will print significantly more money between now and the next 18…
May 6th Bitfinex Alpha | BTC Noisy, But Volatility Eases Post time: 10:55h On Bitfinex Alpha Posted by Tammy subscribeTo Bitfinex Alpha! Want to receive Alpha from Bitfinex every week? subscribe In the Bitcoin market, we continue to see traders adapting to new supply rates of BTC in the market through mining and seeking price balance as they absorb increasingly complex messages about inflation and interest rates from macroeconomic indicators.Last week, BTC fell to new local lows before a sharp correction, and the past week has seen volatile market sentiment despite major altcoins holding steady above their April lows. A…
Kaiko’s analysis shows that meme coins such as Pepe (PEPE) and Dogwifhat (WIF) are driving the use of leverage among altcoin traders. The post Meme Coins Are Dominating Altcoin Leverage, Kaiko Report appeared first on Crypto Briefing.
Phishing attacks within the cryptocurrency industry fell 46% in April to $38 million, the lowest level of the year. according to to security company Scam Sniffer.Notably, this is consistent with CertiK’s findings that cryptocurrency-related abuse and fraud plummeted to an all-time low of $25.7 million in April.Phishing Attacks in AprilBase, the Ethereum layer 2 network backed by Coinbase, has seen a 145% surge in phishing incidents over the past month, reaching $8.2 million, according to research by Scam Sniffer. Two of the top 10 single thefts occurred at this chain, accounting for 21% of total thefts for the month.Top 10…
AVAX price is rising above the $36.50 resistance. Avalanche could move higher if there is a clear move above the $40.00 resistance zone. AVAX price is rising from the $30.50 support zone against the US dollar. The price is trading above $35.00 and the 100 simple moving average (4-hours). On the 4-hours chart of the AVAX/USD pair, a breakout occurred above the main bearish trendline with resistance at $34.00 (data source from Kraken). The pair could continue to rise if it stays above the $36.30 and $35.50 support levels. AVAX price aims higher After a steady decline, Avalanche’s AVAX found…
The federal government has set up a crisis management office to closely monitor the situation due to the rain in Rio Grande do Su, Brazil. Water levels in the Guaiba River have reached their highest level since 1941, and more rain is expected. More than 37 people have died and more than 70 have been injured as the storm hit at least 235 municipalities. Among them is Rolante, one of the most Bitcoin-using cities in Brazil. Local authorities have issued warnings and asked people in risk areas to leave. In Porto Alegre, for example, the mayor declared a public disaster.…
After the Securities and Exchange Commission (SEC) issued the Wells Notice to Robinhood Crypto, Bitwise CIO Matt Hougan claimed to X that the “hostile regulatory environment” is benefiting Coinbase, the leading US cryptocurrency exchange.“The hostile regulatory environment is creating an artificial ‘moat’ for Coinbase’s business, helping it maintain extremely high margins and generate excess returns in the short term,” Hougan said. said in the post. Coinbase has long been in contention with the SEC, but last week it reported that it generated $1.6 billion in revenue during the first quarter of 2024 as the trading fees it collects from both…
Terra Luna Classic rallied 13.35%, bouncing back to mid-April levels. A governance proposal to set limits on validator nodes has been rejected. Despite the slowdown, LUNC burning reduced the remaining supply to 5.79T. Last weekend, Terra Luna Classic (LUNC) rejected a major governance proposal to prevent chain validators from running multiple validators on the network. Proposal #12101 seeks to impose a single validator rule, which has been called “unfeasible” and “meaningless” by certain validators such as SolidVote.Most members agree that the proposal to limit validator nodes has good intentions, but the strategy would be difficult to realize because Terra chain…
While trying to change the string of a previously acquired WIF private key, I rarely got a valid address. Wallet Interchange Format (WIF) has a 4-byte checksum. This means that almost all changes will fail the checksum test, meaning that the changed string is not a valid WIF. The whole purpose of WIF is to detect and prevent the use of such changes, i.e. to detect transcription errors.