Ankr, a decentralized blockchain infrastructure provider, will introduce Bitcoin (BTC) liquid staking tokens to its AI-centric blockchain Talus starting May 1. “Bitcoin is not only the oldest blockchain, but it continues to have the highest liquidity,” Ankr wrote. “Unfortunately, this liquidity has traditionally been trapped within Bitcoin L1. Ankr’s liquid staking service allows you to stake Bitcoin through various Bitcoin re-staking protocols. This allows users of the Bitcoin network to earn additional staking rewards while providing access to Bitcoin liquidity to other ecosystems.”To participate in Bitcoin decentralized finance (DeFi), users first delegate their BTC to the operators of the restaking…
Author: Crypto Flexs
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If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportWill the SEC approve it? Ethereum What is this year’s ETF?Market participants’ optimism is fading, and now the SEC’s position is: Ethereum Those hopes may have been dashed entirely when the securities went public.“If this SEC approves a spot Ethereum ETF before the election, I’m going to eat my HODL hat,” said Matthew Sigel, head of digital asset research at Ethereum ETF applicant Van Eck. decryption. The reason is that…
Bitcoin (BTC) price fell 5.42% in the last 24 hours to $57,151 on May 1, hitting a multi-week low. On-chain data suggests that a slowdown in Bitcoin demand growth and an increase in open sell positions may be the reasons for the recent decline. There is a possibility that BTC may hit a new low.BTC/USD daily chart. source: TradingViewAs CryptoQuant reports, BTC’s recent decline is due to a slowdown in demand, characterized by a decline in the growth of Bitcoin balances among perpetual holders, slowing demand for spot Bitcoin ETFs, and increasing short positions in the futures market.Demand from perpetual…
Stablecoin issuer Tether, a prominent player in the widely used cryptocurrency market. USDT stablecoinWe announced the audit report for the first quarter of 2024 along with a report conducted by BDO, an independent accounting firm. that much reportprovides additional financial information beyond the reserves backing Tether’s fiat-denominated stablecoin, showing the company’s earnings in the first quarter of this year amid increased capital inflows into the market. Tether Financials Rise in Q1 2024 Looking at the numbers, the first quarter of 2024 shows that Tether is very profitable, with a net profit of $4.52 billion. The main contributor, the entity responsible…
Polygon (MATIC) fell to a near yearly low. MATIC’s price action follows a broader market decline led by Bitcoin. The release of important US macroeconomic data expected today could be vital to MATIC’s near-term fate. Polygons (MATIC) are colored red.After a parabolic run in the first quarter of 2024, crypto assets, including Polygon’s native token MATIC, are now experiencing a rout. The recent Bitcoin-led market crash pushed MATIC to near yearly lows amid this decline. Learn more Polygon (MATIC) Dive Under $0.65In the last 24 hours, MATIC has fallen about 7% from around $0.6759 to a low of around $0.6322,…
Company’s name: demandFounder: Alejandro de la Torre and Filippo MerliEstablishment date: 2023Headquarters location: Lisbon, Portugal and Florence, ItalyAmount of Bitcoin in Treasury: “Currently bootstrapped”Number of Employees: 2Website: https://www.dmnd.work/Public or private? privateAlejandro De La Torre is deeply concerned that Bitcoin mining is too centralized, and he is on a mission to change that. That’s why he launched DEMAND, a Bitcoin mining pool that puts power back in the hands of independent Bitcoin miners.But before we get into how DEMAND works, it’s important to understand what De La Torre learned from the Bitcoin mining industry to better understand what motivated him to…
U.S. Senator Cynthia Lummis argued that the Justice Department’s stance on cryptocurrency self-management conflicts with existing Treasury guidance and violates the rule of law. Lummis (R-WY) said he opposes the Biden administration’s criminalization efforts related to the Bitcoin (BTC) network and decentralized finance (defi). I am deeply concerned by the Biden administration’s move to criminalize the Bitcoin network and a core tenant of decentralized finance.My full statement. ⬇️ pic.twitter.com/M3CHcNTi3x— Senator Cynthia Lummis (@SenLummis) May 1, 2024 The Justice Department’s stance has prompted legal action against cryptocurrency companies, including charging Bitcoin mixer Samourai Wallet and Tornado Cash developer Roman Storm with…
Pump.fun earned $521,150 on April 24, making it the second-highest profitable day ever.What is pump.fun? This protocol allows anyone to quickly distribute memecoins by providing their name, ticker, and JPG image for a fee of less than $2. Users do not need to provide seed liquidity.The platform was first launched on Solana but has expanded to some Ethereum Layer 2 like Blast and Base. In theory, anyone can distribute tokens to these networks, but while there are usually some technical skills required to do this, Pump.fun makes the process very easy for anyone.Pump.fun also attempts to prevent lug pulls as…
Hopes for a series of interest rate cuts in 2024 have been fading fast over the past few weeks as both the economy and inflation have shown unexpected strength.
The cryptocurrency industry has been making headlines lately for several reasons. From Bitcoin hitting record highs to ETF approval in Hong Kong, we appear to be experiencing a surge in digital currencies like never before. Amid these market dynamics, zero-knowledge (ZK) technologies are gathering a wave of interest, even though the concept may seem complex to understand.In this interview, technology leader and entrepreneur Sid Gandhi, CEO and Co-Founder of Payy, shares how Payy is building a ZK-based global payments network and wallet and highlights the importance of privacy-centric applications that can increase user adoption. CryptoDaily: Dealing with ZK is not…