Decentralized liquidity protocol THORChain has achieved a significant milestone, surpassing $10 billion in total monthly trading volume for the first time. However, the safety of the platform for potential borrowers, especially Bitcoin maximizers, remains a topic of debate.Record trading volume:THORChain announced the milestone in a post on March 27, reaching $10.26 billion in total monthly trading volume, via Runscan data. This achievement marks a historic moment for decentralized liquidity protocols.March 2024 was the first month in THORChain history with trading volume exceeding $10 billion 🎉It’s a huge win for DEXs, but the goal is to transform the scale and liquidity…
Author: Crypto Flexs
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There is a lot of anticipation in the cryptocurrency community about the Bitcoin halving event in 2024. Fans and investors alike are talking about it and making plans. A major event that halves the prize money of a created Bitcoin block is a core part of the Bitcoin economic model. It works the same way as gold and other precious metals. That means it’s difficult to gain and maintain value. The upcoming halving is more than just a technological milestone. This will have a major impact on the value of Bitcoin and the entire digital currency market.As the cryptocurrency community…
Data shows that total open interest in the cryptocurrency sector recently hit an all-time high, indicating volatility could come for the coin. Recently, cryptocurrency open interest has reached extreme levels. As CryptoQuant Netherlands Community Manager Maartunn points out: post Total cryptocurrency open interest on X recently reached a whopping $51.3 billion. Here, ‘open interest’ refers to the total amount of derivative positions related to all digital assets currently open on various exchanges in the sector. An increase in the value of this indicator means that investors are currently taking new positions in the market. Typically, when this trend develops, total…
Early in the morning of March 27th, hackers impersonated decryption An email was sent to newsletter subscribers announcing a virtual token airdrop. As soon as we heard about the phishing attempt, we sent a follow-up email informing our readers of the scam. However, we hastened to warn our subscribers, Similar phishing attempts We incorrectly blamed email service provider MailerLite for the January attack. In fact, it appears that the hacker obtained the password key to the service from someone. decryptionSide – There is nothing wrong with MailerLite. “For security reasons, MailerLite does not store information in API keys, making it…
The Federal Reserve does not have to give digital asset bank Custodia access to its master account, a judge ruled Friday.U.S. District Court Judge Scott Skavdahl of Wyoming said the Federal Reserve has discretion on whether to grant a master account. Referee. The news was a blow to Custodia Bank. be sued In 2022, the Federal Reserve and the Federal Reserve Bank of Kansas City were accused of delaying decisions on applications for central bank master accounts. corresponding master account This gives the institution direct access to the Fed’s clearing system and the most direct access to the U.S. money…
The Bitcoin halving event has everyone talking about a potential bull market, with some experts predicting a huge rise to $500,000. Amid this excitement, the focus is not limited to Bitcoin. Altcoins, often considered underdogs, are poised for a spectacular rise. With the potential to soar up to 20 times their current value, these alternative digital currencies are poised to explode into the cryptocurrency stratosphere. BlastUP Presale: A Sign of Predictability in the Volatile Crypto Space Buying pre-sale tokens can be a good idea because the price is fixed at a certain level and you are not affected by sudden…
Fetch.ai (FET), Singularitynet (AGIX), and Ocean Protocol (OCEAN) have merged to create the largest independent company in artificial intelligence (AI) research and development. In a statement, Fetch said it is fusing its minds with two other blockchain-based artificial intelligence (AI) platforms to form the Superintelligence Alliance. “The Superintelligence Alliance is a united stand against Big Tech’s control of technology. “We are joining forces to change the game for how AI is created, shared, and used by everyone, relying on principles of decentralization to achieve open and equitable forms of AI.” The goal is to enable newly formed alliances to compete…
Memecoin is back in the spotlight, with some of the most popular dog-themed tokens performing prominently during this bull cycle. Dogwifhat (WIF), Floki Inu (FLOKI), and Dogecoin (DOGE) have had impressive performances this month. WIF’s market capitalization has soared to nearly $4 billion, surpassing PEPE and taking third place as the largest memecoin on the market by this metric. Put your hat on and WIF will go to the moon? Yesterday, the price of WIF rose 32% in half a day, breaking the all-time high (ATH) of $4. At the same time, its market capitalization jumped from $3.04 billion to…
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Ethereum price is attempting a new uptrend beyond the $3,400 area. For ETH to continue rising in the near term, the resistance at $3,580 needs to be cleared. Ethereum is holding gains above the $3,250 support zone. The price is trading above $3,400 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a major bearish trendline with resistance at $3,400. If it settles above the $3,500 resistance zone, it could continue to rise. Ethereum Price Eyes Fresh Increase Ethereum price remained stable above the $3,250 support zone. ETH formed…