Author Annelise Osborne said tokenization plans from BlackRock, JP Morgan and others could revolutionize payments, asset management and other key activities on Wall Street.
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage Akash Network’s price has surged 45% in the past 24 hours, trading at $6 as of 4 a.m. ET, with trading volume soaring 2,043% to $84.9 million. Akash Network’s native cryptocurrency, AKT, initially surged more than 50% to $6.8. In the process, the token converted key historical resistance at $6 into a strong support level that is currently preventing a correction. The price surge came after the project announced its first full-day Akash summit, Akash Accelerate ’24. The summit will “bring the entire community together for…
Legal • April 23, 2024, 5:36 PM EDT Posted 1 minute ago In ~ Updated: April 23, 2024, 5:38 PM EDT Federal regulators have requested that Terraform Labs and its co-founder Do Kwon be fined $5.3 billion for investor fraud. It comes shortly after two parties were found responsible for a multibillion-dollar fraud.According to a court filing on April 19, the U.S. Securities and Exchange Commission has asked Kwon and Terraform to pay about $4.7 billion in clawbacks and judgment interest for their roles in the 2022 Terra-Luna collapse. The SEC also asked the court to order Terraform and Kwon…
Decentralized cloud computing altcoins are surging after South Korea’s largest cryptocurrency exchange announced support for the digital asset. Akash Network (AKT) surged from a low of $4 to a high of $6.74 on Tuesday after cryptocurrency exchange Upbit announced support. Source: CoinGecko/X As of this writing, AKT has retreated slightly to $5.30 and its market capitalization remains at $1.2 billion. Akash Network is a decentralized, open-source cloud network that powers decentralized finance (DeFi) applications and organizations, as well as machine learning, blockchain, and AI. Last month, AKT was listed for trading on Coinbase, the leading U.S. cryptocurrency exchange, after being…
Here’s a guide to as many wallets as possible to figure out how to do RBF. This is adapted from my bitcointalk post: https://bitcointalk.org/index.php?topic=1802212.0 A “stuck” transaction is one that remains unconfirmed for a period of time that is inconvenient for the recipient or sender. Aborted transactions can be annoying as they often mean the recipient thinks the sender hasn’t paid yet, or that the recipient needs the money as soon as possible. Trading interruptions are usually caused by low trading commission rates. However, other factors may cause a transaction to be halted, such as a spend coming from an…
The second largest cryptocurrency token by market capitalization, Ethereum (ETH)A massive market recovery is expected due to recent questionable purchases. Tron founder Justin Sun. Sun’s massive accumulation once again highlights the recent bullishness of crypto whales on Ethereum despite price fluctuations. Sun reportedly purchased $405 million worth of ETH. On X (formerly Twitter) post, on-chain analytics platform Lookonchain has drawn the attention of the cryptocurrency community to a mysterious wallet suspected to belong to Justin Sun. This wallet is known to have purchased 127,388 ETH ($405.19 million) from Binance. Decentralized Exchange (DEX) The average price since April 8 is $3,127.…
As the cryptocurrency market rose once again, XRP experienced positive headwinds, which triggered an improvement in sentiment among investors. Due to this positive recovery, more cryptocurrency investors are moving to acquire altcoins and a very significant group of holders are pushing for new all-time highs. Wallets holding more than 1 million XRP are approaching ATH. There has been a lot of selling among XRP investors over the past year as the price continues to fall. Despite Ripple’s multiple partial victories against the U.S. Securities and Exchange Commission (SEC), this poor performance has continued, causing investors to jump ship. One group…
Real and fake OMNI tokens experience turbulent market movements.Omni Network’s OMNI token, an ERC-20 token associated with a layer-1 testnet blockchain designed to bridge Ethereum rollups, experienced a dramatic price drop of more than 55% within 18 hours of the airdrop. Initially, the token had a market capitalization of around $560 million, but a sharp decline brought its value down to around $267.5 million.The price of OMNI has continued to fall since the airdrop 16 hours ago. Source: CoinGeckoAirdrop and token distribution detailsThe airdrop occurred on April 17 at 11:00 AM UTC, distributing 3 million OMNI tokens, or 3% of…
Previously bullish Standard Chartered Bank has now changed its stance on a spot Ethereum exchange-traded fund, saying the U.S. Securities and Exchange Commission is unlikely to approve such a fund in May.“We had expected the SEC to approve the ETH ETF on May 23,” Jeffrey Kendrick, head of foreign exchange and digital assets research at Standard Chartered Bank, said in a report Tuesday.“This is based on the view that the ETH approval process will follow a similar trajectory to the BTC ETF approval (which the SEC approved in January), but so far no such conversations have occurred, or at least…
BONK is up 52% at press time since its April 19 low. The rebound may have been driven almost entirely by the futures market. BONK showed an upward trend on lower time frames and its momentum was strong once again. A recent AMBCrypto report highlighted how the social sentiment behind memecoin has improved. Trading volume also surged in the aftermath of the Bitcoin (BTC) halving. While this seemed like a positive development, there were still problematic elements that traders and investors should be wary of. BONK’s internal structure maintained a bearish bias. Source: BONK/USDT on TradingView Higher term structures have…