The Starknet Foundation, the organization behind the Ethereum layer 2 blockchain Starknet, has established a Gaming Council to strengthen gaming on the network. The Commission has set aside $125.5 million worth of tokens to fund gaming initiatives.Promotion of gaming ecosystemThe Gaming Committee’s primary role is to analyze, strategize, and recommend programs to expand Starknet’s gaming ecosystem. We plan to achieve this by encouraging developers to create games on Starknet and encouraging players to participate in these games. Key metrics for success include daily active users, retention rate, and revenue.Committee Members and GoalsThe committee consists of six members, including Henri Lieutaud,…
Author: Crypto Flexs
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Posted 1 minute ago In ~ Updated: March 12, 2024, 6:56 PM EDT Seizing the opportunity to raise debt as the cryptocurrency’s rally pushed its stock price near 26-month highs, Coinbase announced plans Tuesday to sell $1 billion of debt to institutional investors.The largest U.S. cryptocurrency exchange by daily trading volume is offering convertible senior notes to institutional investors. The move aims to free up funds to repay existing debt and cover corporate costs. The sale of bonds maturing in 2030 could increase the company’s debt by up to $1 billion, bringing its debt to $4 billion. At maturity, the…
XRP recorded a huge rally as Bitcoin hit a new all-time high. Caution on XRP strength was warranted based on pockets of liquidity. Ripple (XRP) bulls came to life on March 11th. They rose 22.37% in price to $0.744, opening the day at $0.608 before selling activity pushed the price back below $0.7. The token has exceeded AMBCrypto’s expectations stated in a recent report, which predicted a rise to $0.7. More than that has been gained, but questions have also been raised about whether demand is sustainable. Is rejection in progress now? Source: XRP/USDT on TradingView It broke the high…
join us telegram A channel to stay up to date on breaking news coverage Coinbase is accusing the U.S. Securities and Exchange Commission (SEC) of breaking the law by refusing to participate in rulemaking for the cryptocurrency industry. In an opening brief filed with the Third Circuit Court of Appeals on March 11, Coinbase accused the SEC of acting arbitrarily and capriciously by denying the exchange’s July 2022 petition asking the regulator to enact clear cryptocurrency guidance. I did. The SEC’s denial of Coinbase’s petition was an “abuse of discretion” and a violation of the Administrative Procedure Act, the brief…
Binance introduced Japanese Yen (JPY) to its conversion platform, allowing users to trade JPY for BTC, USDT, and other tokens without any fees. Binance, one of the world’s leading cryptocurrency exchanges, announced the addition of the Japanese Yen (JPY) to its Binance conversion service. This strategic move will allow users to seamlessly trade JPY with Bitcoin (BTC), Tether (USDT), and various other tokens supported by the platform. Integrating JPY into Binance Convert improves the accessibility of the platform and gives users more flexibility in managing their cryptocurrency portfolio. This addition of zero conversion fees is expected to attract a significant…
The Ethereum community, leading developers, researchers, etc. have always recognized scalability as the most important core technology challenge that blockchain applications need to solve for mass adoption. Blockchain scalability is difficult primarily because typical blockchain designs require every node in the network to process every transaction. This limits the transaction processing capacity of the entire system to that of a single node. There are two main paths to improving blockchain scalability. first (“Sharding”) involves creating a better-designed base-layer blockchain protocol that retains most of the desired decentralization and security properties of blockchains found in the simple designs available today, but…
Binance announced the launch of Ether.fi (ETHFI) on its Launchpool platform. This allows users to earn ETHFI tokens by staking BNB and FDUSD. The decentralized staking protocol will be the 49th project on Binance Launchpool. Binance, the world’s leading cryptocurrency exchange, has announced that Ether.fi (ETHFI), a decentralized non-custodial delegated staking protocol, will become the 49th project to launch on its popular Launchpool platform. The announcement, made on March 12, 2024, created considerable excitement within the cryptocurrency community as users eagerly anticipated the opportunity to earn ETHFI tokens by staking their BNB and FDUSD holdings. Ether.fi aims to provide users…
San Francisco, CA, March 12, 2024, Chainwire DeFi trading platforms are starting to offer advanced utilities that challenge traditional financial systems. These emerging platforms feature cutting-edge technologies and provide decentralized alternatives to legacy systems. Particularly in the context of asset trading, users can leverage the potential of blockchain technology to access unparalleled insights. A new DeFi platform Algotech (ALGT) We are leading this change by combining artificial intelligence (AI) and blockchain technology. The platform aims to transform the global asset trading landscape by providing traders with advanced performance tools. With a vision to maximize data-driven performance, Algotech has introduced an…
Jake Chervinsky, CLO of cryptocurrency-focused venture capital firm Variant, explained that he is pessimistic about U.S. regulators approving a spot ether ETF this May. Chervinsky said the SEC’s combative attitude, willingness to go to court to fight this kind of approval, and lack of details about the initiative (…) Source: Bitcoin.com mean a bad outcome for Bitcoin.com. Cryptocurrency Investment Risk Warning Cryptocurrency assets are highly volatile. Your capital is at risk.Do not invest unless you are prepared to lose all your money.This is a high-risk investment and you should not expect to be protected if something goes wrong. Read full…
Posted 1 minute ago In ~ Earlier this year, cryptocurrency miner Core Scientific emerged from bankruptcy and relisted its stock on Nasdaq. On Tuesday, the company said it mined 19,274 bitcoins last year, worth about $1.4 billion at current prices.Core Scientific reported on Tuesday that it had self-mined 13,762 bitcoins for its own accounts, in addition to “approximately 5,512 for hosted customer accounts.” The company also reported a net loss of $195.7 million, an improvement from $239.2 million.“In 2023, Core Scientific mined more Bitcoin of its own than any other publicly traded miner in North America,” Core Scientific CEO Adam…