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…
Author: Crypto Flexs
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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…
BitMEX founder Arthur Hayes predicts that new decentralized finance (DeFi) altcoin projects will stage a massive rally once the broader cryptocurrency market resumes its upward trend. Hayes is predict Ethena (ENA), the governance token launched by Ethena Labs for the project’s DeFi protocol, could soar more than 817% from its current value. Hayes is one of the investors in the project, along with investment giant Franklin Templeton, digital asset manager Galaxy Digital and Binance Labs. “Congratulations to Ethena Labs on their successful Token Generation Event (TGE). If this is what ENA is worth when the market pukes, imagine how much…
The price of XRP, the native token used for cross-border payments on RippleNet, has remained below the coveted $1 level for months. This comes despite a broad cryptocurrency rally that began about six months ago. Some analysts predict a rapid surge to close the gap, while others remain cautious due to ongoing legal disputes and volatile markets. Currently, XRP is hovering around $0.59, a significant distance from the $1 price that many investors were expecting. The token has experienced significant volatility in recent months, fluctuating between $0.50 and $0.65. There was a glimmer of hope in March when it rose…
Binance supports network upgrades and hard forks of BNB Beacon Chain and BNB Smart Chain. Maintenance is scheduled for April 15th and 18th, and deposits and withdrawals will be temporarily suspended. Binance, a trusted platform for digital asset trading, has confirmed its commitment to supporting the network upgrade and hard fork of BNB Beacon Chain (BEP2) and BNB Smart Chain (BEP20), ensuring the best user experience. The goal is to improve the functionality and stability of these chains. To facilitate wallet maintenance required for upgrades, Binance will temporarily suspend deposits and withdrawals for BNB Beacon Chain (BEP2) and BNB Smart…
Urgent All Miners: Your network is under attack. The attack is a computational DDoS. Miners and nodes have to spend a very long time processing some blocks. This is due to the EXTCODESIZE opcode, which requires the node to read state information from disk, although the gas price is significantly lower. The attack transaction calls this opcode approximately 50,000 times per block. This results in significant network slowdowns but no consensus failures or memory overloads. We have now identified several pathways for more sustainable medium-term fixes, and developers are working to implement them. Consider switching to parity mining. Use the…