Recently, the governing body of Cosmos Hub approved significant changes to the blockchain economic model. The community has decided to lower the maximum inflation rate for ATOM, the native token of the Cosmos Hub, from the current approximately 14% to a new upper limit of 10%. This change is expected to reduce the Annual Percentage Rate (APR) on staking from approximately 19% to approximately 13.4%. ATOM plays a central role in the Cosmos Hub ecosystem and supports staking, governance, transaction fee. The inflation rate adjustment plan received mixed reactions, with 41.1% in favor and 38.5% opposed. The decision remained on…
Author: Crypto Flexs
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XRP, injectable (INJ), eCash (XEC), Ivy (HBAR), and Graph (GRT) is an altcoin that is all set to see some interesting developments in November, which could impact its price. October had a positive impact on the cryptocurrency market, and the upward trend continued in November. The five altcoins below could be gaining more attention this month. Ripple (XRP) Swell Conference Approach Price: $0.70 Market capitalization: $37.622 trillion Rank: #4 The first altcoin for November is XRP due to the Ripple Swell conference taking place in Dubai on November 8-9. This conference always receives a lot of attention, but expectations are…
Extreme greed is propping up the cryptocurrency market, Sam Bankman-Fried is taking a stand, and Binance is eating a huge chunk out of its founder’s net worth. But how much? Stick around. This week we bring you these stories and more in cryptocurrency. Bitcoin at 18-month high Optimism fueled by expectations for spot ETFs has pushed Bitcoin to its highest level since May of last year, recording a stunning daily gain of 14%. At the same time, the Crypto Fear & Greed Index, which measures market sentiment, also reached its highest level since Bitcoin’s all-time high in November 2021. Higher…
Bitcoin has suffered recent declines, but the expiration of a significant number of BTC options today could impact performance over the weekend. Bitcoin price has corrected since reaching a high of $38,000 on November 16.Today’s expiration of approximately 35,000 Bitcoin options contracts worth approximately $1.3 billion, according to Deribit, is a significant event in the cryptocurrency market.Current dynamics of Bitcoin and Ethereum marketsThe put/call ratio for Bitcoin options today is 0.49, which indicates that there are more long-term contract sellers compared to short-term sellers.Deribit also highlighted that the total outstanding amount of Bitcoin options stands at $14.6 billion. Interestingly, open…
Animoca Brands Acquires Streaming Platform for Blockchain Games Hong Kong-based web3 gaming giant Animoca Brands (The Sandbox, Revv, Phantom Galaxies) has acquired blockchain-based streaming platform Azarus for an undisclosed amount. Built around the slogan “Streaming is not TV,” Azarus allows users to livestream their gameplay while spending tokens for incentives and rewards. Animoca Brands says it wants to change the culture of gaming with Azarus’ technology by enabling streamers to create new revenue streams, engage their audiences, and reward followers while enabling viewers to support their favorite creators. Also read characteristic Hanko’s time to go? Blockchain as a solution to…
Injective (INJ) has integrated Google Cloud’s BigQuery through the cloud computing provider’s Analytics Hub. Layer 1 blockchains join the growing group of chains in BigQuery. Injective is a layer 1 blockchain with a native token INJ. Companies that performed well in the cryptocurrency market this weekhas integrated with cloud computing services giant Google Cloud. Injection eye expansion of Web3 finance Depending on the presentation Announced on Tuesday, Google Cloud will add key on-chain data for Injective from BigQuery through its data sharing platform, Analytics Hub. Public access to data is achieved through Injective Nexus, the official data integration protocol for…
Our privacy policy, Terms of Use, cookie, and Do Not Sell My Personal Information has been updated.CoinDesk is a leader in news and information about cryptocurrencies, digital assets and the future of money. award-winning We are a media outlet that pursues and adheres to the highest standards of journalism. Strict editorial policy. In November 2023, CoinDesk Acquisition by Bullish is a cryptocurrency exchange, owned by: Block.one understanding Various blockchain and digital asset businesses and significant holdings CoinDesk of digital assets such as Bitcoin and EOS is operated as an independent subsidiary, and an editorial committee chaired by a former Wall…
Ethereum price struggled above $2,100. ETH is currently in a downward trend and may continue to fall towards the $1,930 support in the near term. Ethereum is consolidating and facing resistance near the $2,060 area. The price is trading below $2,080 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $2,065. A break above the $2,035 support zone could lead the pair to continue falling. Ethereum price falls again Ethereum price attempted a new rise above the $2,080 resistance zone. ETH, like Bitcoin, also surged…
Crypto&& Coffee 144October 18, 2023CipherTrace EngineeringTechnical Summary:BitcoinThe term “Bitcoin” refers to the Bitcoin network,…See more:Steven Roose posted a Bitcoin Improvement Proposal (BIP) to the Bitcoin-Dev mailing list for the OP_TXHASH opcode, which is used as a data structure to select specific data within a transaction.Bitcoin Core added support for version 2 encrypted P2P transfers via BIP-324. This feature is currently disabled by default, but can be easily enabled. Encrypted transmissions help improve the privacy of Bitcoin users by preventing passive observers from directly determining which transaction nodes are passed on to their peers.Lightning Labs announces LND v0.17 beta! In this…
The U.S. Securities and Exchange Commission (SEC) claims its attempts to address HEX founder Richard Heart’s court appearance failed. “To date, the Commission has not received confirmation of service of process on defendants in Finland under the Convention,” the document declared. Recent court filings show that the US SEC is continuing its efforts to formally serve the lawsuit on HEX founder Richard Heart. The SEC charged Hart with securities fraud on July 31. They claimed he raised $1 billion through the sale of unregistered securities. Read more: What is Rug Pull? Guide to Web3 Scams However, there are claims that…