Funding • May 2, 2024 1:00 AM EDT Posted 1 minute ago In ~ U.S. spot Bitcoin exchange-traded funds (ETFs) recorded total net outflows of $563.7 million on Wednesday, according to data from SosoValue. This is the largest daily net outflow since its debut.Fidelity’s FBTC experienced the largest net outflows among ETFs, with more than $191 million leaving the fund. This exceeded the $167.3 million net outflow recorded by SosoValue, Grayscale’s GBTC. data showed it Ark Invest’s ARKB had the third largest daily net outflow of $98.1 million, followed by BlackRock IBIT with $36.9 million and Bitwise BITB with $29…
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RWA in Focus: Propine, MAS-Regulated Digital Asset Manager Introduces Fathom Dollar $FXD Stablecoin Support on XDC Network – Chainwire housenewsroomRWA in Focus: Propine, a MAS-regulated digital asset manager, introduces support for the Fathom Dollar $FXD Stablecoin on the XDC Network We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of…
Make branches interdependent: Ethereum Reclaim Project lamina propria, Plans to repurpose the security of the Ethereum blockchain into a number of additional protocols have been sparked. Vitalik Buterin’s own systematic warning of dangerRelease 43 page white paper EIGEN tokens coming soon – more than twice as long as the original 19-page white paper In EigenLayer. To address these concerns, the project Sesquipedalian computer engineer Sriram Kannan, came up with a new plan called “Subjective Branching.” The purpose of this mechanism is to deal with “instances of misbehavior that cannot be objectively identified on-chain, but for which two reasonable observers would…
Have you ever dreamed of creating something from scratch? Do you want the freedom and flexibility of being your own boss? The traditional entrepreneurial path can be difficult. Yes? The huge upfront costs and mountains of paperwork are enough to make anyone with a brilliant idea give up. But what if there was another way? Zenit World’s multi-referral program offers a new perspective on entrepreneurship. You can leave the office and dive into the exciting world of cryptocurrency. This innovative program cuts through the red tape and lets you build your business entirely online. Imagine cultivating a network of cryptocurrency…
About 19 cryptocurrency projects plan to put at least $10 million worth of coins in circulation this month, according to TokenUnlocks data. In the cryptocurrency industry, projects sometimes avoid releasing the maximum supply of their tokens on the public market. This practice is common among protocols that raise funding through venture capitalists and independent investors. A portion of the token supply is then subject to a vesting schedule known as a lock-up period. During this period, investors and contributors will not be able to liquidate their cryptocurrency assets or sell them on exchanges. However, some protocols allow staking and yield…
Solana (SOL) co-founder Raj Gokal named two leading blockchains in the sovereign blockchain cryptocurrency subsector. During a TOKEN2049 panel discussion, Gokal said that Avalanche (AVAX) and Cosmos Hub (ATOM) are “clear winners” when it comes to sovereign blockchains. Sovereign blockchains are typically controlled by a single entity, unlike public blockchains such as Bitcoin (BTC), which are decentralized. According to Gokal, the Cosmos Hub and Avalanche have several differences that distinguish them from one another. “Cosmos is an outdated project and not very harmonious. We believe Avalanche gives developers the flexibility and ability to configure their own chains the way they…
join us telegram A channel to stay up to date on breaking news coverage Recent technical analysis of Bitcoin has pointed to a potentially significant market movement known as a ‘dead cross’. This event has historically coincided with major market corrections. The Stochastic Relative Strength Index (RSI), the main momentum indicator on Bitcoin’s monthly charts, has shown a pattern of fast lines falling below a certain yellow threshold line, which has led to sharp declines in Bitcoin’s value in the past. We have previously written about other indicators that could impact Bitcoin’s trajectory and signal the start of a long-term…
Posted 1 minute ago In ~ MicroStrategy plans to launch a Bitcoin-based decentralized identity protocol. The solution, called MicroStrategy Orange, uses unspent transaction outputs (UTXOs) from the Bitcoin blockchain to store and retrieve users’ personal information. said Wednesday on X Post. The Virginia-based company’s solution is designed to enable decentralized identity services at discounted rates while minimizing energy-hungry block consumption.It’s not yet clear when MicroStrategy will begin the project.MicroStrategy did not immediately respond to The Block’s request for comment sent outside regular business hours. UTXO-based transactions lay the foundation for MicroStrategy’s DID, making it nearly impossible for identity thieves to…
Auckland, New Zealand, May 1, 2024, Chainwire Acala Network is launching a new technology roadmap that lays out the steps needed to provide multi-chain services to users. Acala, the foundational platform of the Polkadot ecosystem, unveils the Sinai upgrade, a significant advancement in its Acala 2.0 initiative aimed at broadening the horizons of the overall crypto-finance landscape. This upgrade is set to strengthen the platform’s multi-chain capabilities, setting a new standard for decentralized finance (DeFi) not only on Polkadot, but across layer 1, 2 or 3 blockchain networks. Multichain integration and improved DeFi accessibility The cornerstone of Sinai’s upgrade is…
Indonesia held presidential elections in February 2024, with Subianto and Rakabuming newly elected. During the presidential election, both Subianto and Rakabuming declared their support for the cryptocurrency economy. Indonesian industry observers expect the country’s election results to have a positive impact on the cryptocurrency industry. The report cites interviews with Subani, head of CFX, Indonesia’s national cryptocurrency exchange, and William Sutanto of INDODAX. The two executives said the new president-elect, former Defense Minister Prabowo Subianto, who was officially declared the winner last week, and Gibran Rakabuming, the son of the incumbent president, will continue down the already established path of…