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Author: Crypto Flexs
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CyberConnect is collaborating with Space ID to improve interoperability, support Cyber L2 scalability, and provide ecosystem airdrops for token stakers to enable faster on-chain transactions. Web3 social network CyberConnect has unveiled its latest partnership with universal name service network Space ID. This collaboration is built on a shared vision of building a universal decentralized identity (DID) infrastructure. This infrastructure enables seamless interoperability within the broader SPACE ID Web3 name ecosystem. Improved interoperability with CyberID migration to SPACE ID 3.0 stack Decentralized digital identities (DIDs) play an important role in decentralized social networks. CyberConnect and Space ID recognize the importance of…
Ethereum price is struggling to recover above the $3,360 resistance zone. ETH is currently showing signs of further losses below the $3,300 and $3,250 levels. Ethereum faces many obstacles near the $3,350 and $3,360 levels. The price is trading below $3,350 and the 100-hour simple moving average. On the ETH/USD hourly chart (data feed via Kraken), a break occurred below the rising channel supporting $3,320. A close below the $3,200 support could widen losses. Disadvantages of Ethereum Price Signals Ethereum price was trading below the $3,300 level before beginning an upward trend. ETH traded as low as $3,215 before a…
join us telegram A channel to stay up to date on breaking news coverage Matthew Perry’s review highlights Dogecoin’s inflation problems and suggests a solution in the form of Dogecoin20. Dogecoin is currently fighting a natural inflation rate of around 5.2%, which declines as overall supply increases, but Dogecoin20 is looking to solve this problem. This is why Dogecoin20, positioned as a greener and more cost-effective alternative to Dogecoin, has gained widespread popularity, especially as it enters the pre-sale phase. A practical solution to Dogecoin’s persistent challenges Dogecoin20 is emerging as a potential game-changer in the cryptocurrency landscape, specifically targeting…
Ripple initially announced plans to launch a stablecoin pegged to the US dollar. XRP +2.02% Ledger and Ethereum blockchain. “Issuing stablecoins on the XRP ledger and Ethereum will be a pivotal entry point that opens up new opportunities for institutional and DeFi use cases across multiple ecosystems,” Ripple Chairman Monica Long said in a statement Thursday. She said, “Bringing a trusted stablecoin to XRP promotes further adoption and development, contributing to a vibrant ecosystem.”The company also said that the stablecoin, which is expected to launch later this year, will be backed by “USD deposits, short-term U.S. government treasuries and other…
In a recent publication in Shiba Inu Magazine, a feature article by Yona Gushiken titled “Building the Future: K9 Finance’s Strategic Vision for Shibarium’s DeFi Revolution” discusses K9 Finance’s strategic plan to power decentralized finance (DeFi). We present in-depth analysis. ) Landscape of the Shibarium blockchain. Focused on innovation, community engagement and the evolution of liquid staking derivatives (LSD), K9 Finance outlines a comprehensive three-step roadmap that draws inspiration from the canine evolutionary journey, reflecting the natural progression towards resilience, strength and innovation. . . K9 Finance’s Roadmap for Enriching Your Shiba Inu The roadmap begins in the second quarter…
The SEC has released comments on Grayscale, Fidelity, and Bitwise’s applications to launch a spot Ethereum exchange-traded fund (ETF).This notice applies to proposed rule changes aimed at allowing two exchanges (Cboe BZX and NYSE Arca) to list and trade shares of the three funds.Comments will remain public for 21 days after publication in the Federal Register.This step is routine in the ETF approval process and mirrors the approach used for spot Bitcoin ETF applications, which previously encouraged feedback from U.S. citizens and organizations.market correlationEach notice discusses issues expected to impact the SEC when it comes time to approve or reject…
Bitcoin price is struggling to recover above the $67,000 level. If BTC closes below the $64,500 level, it could gain bearish momentum. Bitcoin faces many obstacles near the $66,500 and $67,000 levels. The price is trading below $67,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming with resistance near $66,400. The pair is now at risk of a downside break below the $64,500 support. Bitcoin price gains remain limited Bitcoin price fell to the $64,500 level and then began a consolidation phase. BTC traded as…
Starting April 5, 2024, Binance will introduce new trading pairs and spot algo-order trading bots to increase trading efficiency and diversify your portfolio. Binance, one of the most popular digital asset platforms, has announced plans to introduce new trading pairs and Spot Algo Order Trading Bot service on the Binance Spot platform. This strategic move is part of the exchange’s ongoing efforts to provide users with a wider range of trading options and improve the overall trading experience. Starting April 5, 2024, Binance users will be able to trade the BOME/USDC, JTO/USDC, and WIF/USDC trading pairs on the Binance Spot…
Nick van Eck sets eyes on international markets for AUSDNick van Eck, son of Jan van Eck, CEO of $90 billion asset management firm VanEck, has launched a new US dollar-backed stablecoin, Agora digital dollar (AUSD), after successfully completing a $12 million funding round. It is scheduled to be released. The venture aims to carve a niche in the highly competitive stablecoin market with a focus on transparency and trust in digital dollar asset management.Support and ManagementAUSD is fully backed by cash, US Treasury bonds, and overnight repo contracts. VanEck manages the funds for Agora’s reserves, ensuring a solid foundation…