Illustration by Mitchell Preffer for DecryptAfter back-to-back high-octane weeks for the cryptocurrency industry, this week brought some much-needed surreal absurdity and downbeat optimism. That is, in the form of several flying meme coins. First, it comes shortly after the death of a famous Bitcoin hater and Berkshire Hathaway vice chairman (he’s talking coldly for about 15 minutes). charlie munger Tuesday, a memecoin named after him. It soared by a whopping 31,000%.—Before that, of course. fall to zero. Before the fall, degens poured $4 million into the token. Just one day later, controversial American diplomat Henry Kissinger passed away at the…
Author: Crypto Flexs
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Flare Labs has begun beta testing of FAsset on Flare’s Coston test network. Initially, all integration sections and key user aspects are configured. Flare’s FAssets mechanism allows smart contract tokens to be leveraged trustlessly through smart contracts such as Bitcoin, XRP, and DOGE. After issuing tokens for smart contracts with FAsset, you can earn revenue from Flare network decentralized apps. Flare Labs’ Trustless Bridge for smart contract networks like LayerCake allows you to move your FAsset to Flare and then easily connect to other networks. Before making the system available for experimentation by the wider community, Flare Labs conducts an…
Bitcoin (BTC) finally broke through the formidable resistance of $38,000 last week and approached $40,000. These movements show that Bitcoin’s trajectory is still holding up. Bulls will try to maintain momentum and achieve a strong rally this year, while bears will try to push prices lower.A major tailwind for Bitcoin is the expectation that the U.S. Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund as early as January. Swan Bitcoin CEO Cory Klippsten told Bloomberg that the approval window for spot Bitcoin ETFs “looks like it’s narrowed to January 8th, 9th or 10th.”Daily view of cryptocurrency…
AVAX and GMX have more than 60% and 40% of holders with profits, respectively. AVAX has increased its value by more than 100% in the past two months. AVAX and GMX tokens within the Avalanche ecosystem were seeing positive price trends at press time, but there was a stark contrast in the number of holders experiencing gains. AVAX is more profitable than GMX Depending on the IntoTheBlock According to data, at press time, over 66% of AVAX token holders were earning within the Avalanche ecosystem. AMBCrypto also discovered that AVAX’s circulating supply was over 365 million at press time, with…
hacking and theft Due to the anonymity of cryptocurrency transactions, there are some disadvantages that come with the broader advantages of the cryptocurrency industry. State-sponsored North Korean hackers have stolen nearly $3 billion worth of digital currency since 2017, and about 44% of stolen cryptocurrencies in 2022 will be traced to these hackers, according to a new report. Intelligence report reveals amount of cryptocurrency stolen by North Korean hackers. The cryptocurrency industry has begun Getting mainstream attention In 2017, investors flocked to the nascent industry. But the influx of money and adoption also seems to attract a lot of bad…
Crypto asset staking is a way to earn money by holding digital coins in a wallet account to support the functioning of the blockchain. Staking is considered a passive source of profits. Currently, there are several ways to make money through virtual asset staking. One is to establish nodes on the platform network that process transactions and act as validators. To begin these operations, you must manually configure network nodes to process transactions. Some systems may only begin working as validators after asking users to keep a certain amount of digital currency in their account. Another way is delegation. In…
The Starknet Foundation, the organization behind the Ethereum layer 2 network Starknet, addressed speculation about an upcoming airdrop. screenshot On social media.This screenshot, taken from a page that briefly appeared on the Starknet website, sparked widespread user speculation. They showed us a list of airdrop criteria and explained what types of cryptocurrency activities are suitable for airdrop addresses. However, the page appeared to be an early draft because some copies were missing and the project name was misspelled.Commenting on the incident, the Starknet Foundation said, “Technical teams build and test various front ends, some of which see the light of…
Adrienne Harris, Administrator of the New York Department of Financial Services (NYDFS), reiterated her firm commitment to regulating the virtual currency space in New York. NYDFS’ continued efforts to regulate cryptocurrency Under Harris’ leadership, NYDFS’ regulatory efforts in the cryptocurrency sector have played a pivotal role. The department she led implemented an innovative two-year plan to strengthen oversight of virtual currencies. This comprehensive effort includes creating updated guidance for cryptocurrency adoption or listing and establishing a framework for designating coins or tokens to the DFS Green List. Appointed superintendent in August 2021 and confirmed by the state Senate in 2022,…
Adrienne Harris, Administrator of the New York Department of Financial Services (NYDFS), reiterated her firm commitment to regulating the virtual currency space in New York. NYDFS’ continued efforts to regulate cryptocurrency Under Harris’ leadership, NYDFS’ regulatory efforts in the cryptocurrency sector have played a pivotal role. The department she led implemented an innovative two-year plan to strengthen oversight of virtual currencies. This comprehensive effort includes creating updated guidance for cryptocurrency adoption or listing and establishing a framework for designating coins or tokens to the DFS Green List. Appointed superintendent in August 2021 and confirmed by the state Senate in 2022,…
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