Rebecca Moen 15 Aug 2024 03:20 Offchain Labs introduces Tandem, a partner studio that aims to solve blockchain’s toughest challenges through collaboration and investment. Offchain Labs has announced the launch of Tandem, a new partner studio designed to support selected partners in overcoming some of the most critical challenges in the blockchain space. According to Offchain Labs, Tandem aims to provide both financial investment and in-depth collaborative support.Mission and VisionKnown for its work on Arbitrum, Offchain Labs has always focused on solving the most complex technical problems in blockchain. Through Tandem, the company plans…
Author: Crypto Flexs
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In a recent interview, Circle CEO Jeremy Allaire emphasized: Bipartisan Agreement on Cryptocurrency Policy In the United States, Allaire’s comments come at a critical time when the U.S. is under increasing pressure to lead the rapidly evolving global cryptocurrency industry. He believes that while cryptocurrencies enjoy bipartisan support, more decisive action is needed to ensure that the U.S. remains at the forefront of this innovative technology. Cryptocurrencies as a Bipartisan Issue In an interview with CNBC, Allaire noted: Bipartisan Agreement on Cryptocurrency Policy It’s already starting to take shape in the U.S. “What’s interesting is that if you look at…
Senate Majority Leader Chuck Schumer has said he plans to pass legislation regulating cryptocurrencies by the end of the year. “Congress has a responsibility to provide common sense and sound regulation,” the New York Democrat said at a Crypto4Harris town hall Wednesday night. “My goal is to get it through the Senate by the end of the year and become law, and I believe we can do that,” Schumer said. “I think we need to strike a balance between encouraging innovation and providing common-sense protections for cryptocurrencies.” Lawmakers in Washington are drafting several bills to regulate cryptocurrencies, but they have…
USDT minting has reached a total of $16 billion since Bitcoin peaked at $74,000. Whale activity increases as Bitcoin and USD liquidity become correlated. Tether Treasury minted 1 billion USDT on Ethereum and sent 183.2 million USDT to Cumberland for exchange deposits in the last 13 hours, according to what SpotOnChain observed on X. After the August 5 cryptocurrency market crash, Cumberland received 953 million USDT from Tether and invested 906.7 million USDT in various exchanges, including Coinbase, Kraken, OKX, Binance, and Bullish.com. Source: SpotOnChain Additionally, Tether ($USDt) was integrated into the TON blockchain, driving USDT’s market cap to an…
Web3 Foundry Burnt announces the launch of the XION Foundation, a non-profit organization that will oversee the development and expansion of XION, a proof-of-stake blockchain. The venture-backed platform also unveiled $XION, the native token for its Layer 1 blockchain. Burnt shared the news of this milestone in a blog post published on August 14. XION Launches Native Token The XION Foundation will focus on democratizing access to Web3 across financial services, the digital economy, and ownership. $XION will help achieve these goals and provide utility within the L1 blockchain ecosystem. In addition to network security, the token is responsible for…
Jorg Hiller Aug 15, 2024 04:29 Bitfinex has released version 7.0.0 of its mobile app, which includes a new widget, additional language support, and major fixes. According to blog.bitfinex.com, Bitfinex has announced the release of version 7.0.0 of its mobile app, which brings a number of new features, improvements, and important fixes. New features One of the most notable updates in this release is the addition of a price tracking widget for both Android and iOS users. This feature aims to improve the user experience by providing real-time price tracking right from the home…
Tether (USDT) balances on cryptocurrency exchanges hit an all-time high of $20.339 billion on August 13, a sign that investors are gearing up to invest in these stablecoins as a way to capitalize on crypto assets ahead of the U.S. Federal Reserve’s September interest rate decision.Tether balance on cryptocurrency exchanges. Source: GlassnodeTether Treasury to mint $1 billion worth of USDTTether’s record balance on cryptocurrency exchanges followed the minting of $1 billion worth of the stablecoin by the Treasury of the same name. On August 13, data tracking platform Whale Alert noted that Tether had added $1 billion to the Ethereum…
Senate Majority Leader Chuck Schumer (D-N.Y.) pledged Wednesday during a digital town hall meeting to pass cryptocurrency legislation by the end of the year.““I don’t think Washington can afford to turn a blind eye to crypto, stick its head in the sand and do nothing,” Schumer said during the Crypto4Harris livestream. “My goal is to get something through the Senate by the end of the year and become law, and I believe we can do that.”He explained that failure to act “risks cryptocurrencies flowing overseas to the lowest common denominator countries with no regulation at all.” “I think we need…
Bitcoin (BTC) is struggling to hold the psychological level of $60,000, indicating that bears are operating at higher levels. However, analysts do not seem to be worried. Capriole Investments founder Charles Edwards wrote in a post on X that Bitcoin “looks promising” but it will take time for it to resume its uptrend as it is three months behind gold.According to Nathan Thompson, Senior Technical Writer at Bybit, Bitcoin is only in the second phase of its bull cycle. According to a report shared with Cointelegraph by Bybit and BlockScholes, if Bitcoin follows the previous cycle’s low-to-high ratio, the bullish…
Company • August 14, 2024 5:06 PM EDT Posted 1 minute earlier ~ in Quick take About $600 million in seized Silk Road Bitcoin transferred to Coinbase wallet: Arkham Renzo to Participate in Solana Liquid Re-Staking, Zito to Launch ezSOL Senate Majority Leader Chuck Schumer to Speak at Crypto4Harris Town Hall The following is an excerpt from The Block’s newsletter, The Daily, published weekday afternoons. It’s Wednesday! In today’s Daily, we look at the movement of 10,000 Silk Road Bitcoins, Renzo enters Solana Liquid Restaking, Chuck Schumer speaks at Crypto4Harris Town Hall, and more. Let’s get started. 10,000 Silk Road…