Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) introduced new stablecoin legislation on Wednesday, ending years of attempts by lawmakers to enact a comprehensive framework for cryptocurrency asset classes in the United States. has been updated.that much 117 page bill It contains various definitions relevant to the sector and outlines rules at the state and federal level for companies to issue so-called payment stablecoins. The bill also requires companies to conduct stablecoin activities through subsidiaries. Stablecoins are cryptocurrency assets that are pegged to and backed by fiat currency and maintain a stable price.The new requirements differ from how some companies…
Author: Crypto Flexs
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Of the 157 protocols listed on Rekt, 92 were hacked due to being unaudited or out of scope, and websites often displayed an “audited” logo. This makes the audit process as well as the users unreliable. Both users and auditors suffer from mid-audit statements that misinterpret the results. Enter ERC-7512: a standard for storing audit information on chain. that much ERC-7512 Users can see who has audited a protocol, as well as whether the audit is up to date or valid. Let’s take a closer look at ERC-7512. problem As emphasized, the audit flow does not really work for end…
Following the successful launch of its Bitcoin ETF, BlackRock, the world’s largest asset manager, is now setting its sights on Saudi Arabia. The company aims to expand its presence in the Kingdom’s financial sector. Why BlackRock aims to expand in Saudi Arabia BlackRock CEO Larry Fink frequently visits Riyadh and interacts directly with Crown Prince Mohammed bin Salman, according to Bloomberg. The firm was the first major global investment manager to open an office in Riyadh, underscoring its commitment to the Saudi market. This strategic move puts BlackRock in a prime position to access the state-owned Public Investment Fund (PIF),…
A cryptocurrency whale recently lost more than $4.5 million while trying to buy Ethereum (ETH) twice, according to digital asset tracker Lookonchain. Look on chain note The whale lost $500,000 on its first attempt to buy a leading smart contract platform, and much more on its second attempt. “This whale sold all 10,701 ETH ($33 million) on Binance two hours ago to pay off its debt, and again lost over $4 million! He bought ETH by depositing ETH into Compound and borrowing USDT to buy more ETH.” COMP is a decentralized lending platform. Look on chain note Other whales are…
join us telegram A channel to stay up to date on breaking news coverage Google Trends shows interest in the upcoming Bitcoin halving hitting an all-time high, with Bitwise saying investors are underestimating the event’s long-term impact on BTC prices. Searches for the phrase “Bitcoin halving” reached new heights on Google Trends on April 14, with a popularity score of 100. This is the highest interest recorded on Google in the cryptocurrency’s 11-year history. After soaring to unprecedented levels, interest has fallen 37% but remains at unusually high levels. Bitcoin halvings have historically been a precursor to BTC rallies. with…
Ontology Launches $10 Million Initiative to Drive Decentralized Identity Innovation and Adoption – Chainwire housenewsroomOntology Launches $10 Million Initiative to Drive Decentralized Identity Innovation and Adoption 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 transmitting communications over electronic communications networks. Technical storage or access is necessary for the…
Special Offer • April 17, 2024 11:41 AM EDT Posted 1 minute ago In ~ A prime brokerage backed by Citadel Securities is raising funds amid a surge in cryptocurrency prices, Bloomberg reported Wednesday. Hidden Road Partners is aiming to raise $120 million in a Series B equity round, targeting a valuation of about $1 billion, the company reported, citing people familiar with the matter. The startup provides prime brokerage services specifically for the foreign exchange and digital asset markets. Hidden Road Partners immediately responded to The Block’s request for comment. The raise could raise nearly three times the amount…
Hong Kong regulators approved the launch of an ETF on Monday, opening the door to new money flowing into Bitcoin. Issuers include ChinaAMC, Harvest Global and Bosera International. This approval was announced not by Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), but by the issuer itself, which has remained silent so far.
XRP price is struggling to recover above the $0.5140 resistance level. The price needs to remain above the $0.4550 support to attempt a fresh rally in the near term. XRP is attempting a recovery above the $0.450 area. The price is currently trading below $0.550 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair, there is a major bearish trend line forming at resistance $0.5440 (data source from Kraken). A close below the $0.4550 support could allow the pair to gain bearish momentum. XRP price turns red After a steady rise, XRP price struggled…
Chainwire, Zug, Switzerland, April 17, 2024 Anomaly announced the launch of the first AI-powered zero-gas Layer-3 gaming platform leveraging a play-to-airdrop mechanism targeting Telegram’s 900 million daily active users. Powered by Arbitrum Orbit and using Gelato’s Rollup-as-a-Service (RaaS), Anomaly’s new Layer-3 enables developers to leverage AI-enabled game engines to create immersive, decentralized gaming experiences at unprecedented speed. With our support, we will redefine the gaming industry. Abstracts blockchain complexity. Anomaly simplifies blockchain gaming UX through account abstraction, enabling user onboarding through social platforms and leveraging SocialFi for game monetization. At the core of the new Games Layer-3 is the Anomaly…