Optimism that stablecoin legislation will pass is met with some skepticism. In the past two weeks, a new bill has been introduced to parliament. senate On Wednesday, House Financial Services Committee Ranking Member Maxine Waters, D-Calif., said she and Chairman Patrick McHenry were going “to secure a stablecoin bill in the short term.”“I want you to know that Patrick McHenry and I have been working very well together. We’ve been working on this for 22 months,” Waters said. bloomberg. “We’ve put together a bill with a few amendments to help bring everyone together.”McHenry and Waters are preparing a stablecoin bill…
Author: Crypto Flexs
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Polkadot’s governance is currently reviewing proposals to activate SnowBridge, a cross-chain bridge designed to connect the Polkadot blockchain with Ethereum.Cross-chain bridges essentially act as decentralized applications (DApps), simplifying asset transfers between blockchains and facilitating cross-chain liquidity to increase token utility.Market observers have highlighted the important role SnowBridge will play in enabling Polkadot’s ecosystem to leverage Ethereum’s broader DeFi environment.The SnowBridge proposal has garnered significant support from the community due to its potential benefits, with all votes currently voting in favor of implementation. If approved, SnowBridge is expected to launch in 28 days.What is SnowBridge?SnowBridge is one of many bridges under…
Binance Coin (BNB), the primary token of cryptocurrency exchange platform Binance, has shown remarkable strength and growth despite unfavorable cryptocurrency markets. After the price bottomed at $512 on April 17, BNB surged 18.4% to surpass $607. This surprising recovery puts BNB in a favorable position and could potentially lead to a bull run.
UK police now have the power to confiscate, freeze or destroy cryptocurrencies for criminal purposes. This follows new legislation that comes into effect today, April 26, 2024. Home Secretary James Cleverly said reforms were needed to help Britain’s national security. Law enforcement officers in the UK can now seize, freeze or destroy cryptocurrency assets they deem illegal without having to arrest them first. This comes after the UK government updated its Proceeds of Crime and Terrorism Act to give police and the National Crime Agency (NCA) powers to investigate and seize any cryptocurrency linked to criminal activity. The new rules…
Bitcoin and altcoins may be moving to retest their recent strong support levels as bears attempt to extend the correction.
always relevant marty vent had spiral developer Matt Corallo His podcast This week we’re tackling the nerds on the pressing issue of Bitcoin mining.To keep everyone informed, recent blockchain research has raised concerns that some pools are getting too cozy. How do we know this? Well, everyone’s favorite Snoop Mononaut recently pointed out that an unusual percentage of Bitcoin mining rewards are being consolidated under the control of a single custodian. How bad is it? well 47% of hashrate, on a good day. Yeah, not that good. Now why would you do something like that in Satoshi’s name?creamFirst of all,…
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960, MH 96960, April 26, 2024, Chainwire Shining moment: BloFin shines at TOKEN2049 BloFin, the fastest growing exchange platform, proudly announces Platinum Sponsorship of TOKEN2049 Dubai and an exclusive SideEvent: WhalesNight AfterParty 2024. Following its previous role as a Gold Sponsor at TOKEN2049 Singapore, the BloFin team is now a Platinum Sponsor of TOKEN2049. We will shine on this stage with our passion and unique dedication to contributing to the cryptocurrency industry. BloFin successfully sponsored TOKEN2049 Dubai, which witnessed a unique gathering of industry leaders, enthusiasts,…
If you are a follower of the stablecoin market, you may have noticed a significant increase in DAI activity on Ethereum over the past few days. On April 17 and April 18, DAI conducted on-chain transfers of over $50 billion, with the $86 billion volume on April 17 being the highest ever for a stablecoin.This was a sharp rise from the less than $10 billion in activity seen earlier this month.But we’ve talked about DAI before in the context of growing on-chain volume. From December 2022 to October 2023, it was more common to see DAI activity of up to…
summary: Implementation bugs in the Go client may result in incorrect state. Affected client versions: The latest (unpatched) version of the Go client, v1.1.2, tagged and developed with v1.0.4, master branch before September 9th. Likelihood: low Severity: High Impact: High Details: The Go Ethereum client does not correctly restore the state of the execution environment when a transaction runs out of gas if a contract is aborted within the same block. This results in an incorrect copy operation of the state object. Show the contract as not deleted. This causes consensus issues between different implementations. Impact on expected chain reorganization…
Many cryptocurrency assets have posted exceptional rebounds throughout March and April and are close to hitting new all-time highs. BeInCrypto analyzes digital assets that could potentially hit another all-time high (ATH) in May as the market enters the post-halving month. BNB is closest to breaking a three-year record. BNB Coin, the native token of Binance, the world’s largest cryptocurrency exchange, attempted to break the previous ATH of $686. The last time BNB was at this price was almost 3 years ago in May 2021. BNB has struggled to break the $640 resistance level over the past two months and is…