MakerDAO has approved an executive vote on significant changes in response to market conditions, aimed at stabilizing the DAI peg and improving the resilience of the protocol. Amid the turbulent cryptocurrency market, MakerDAO, the organization behind the popular stablecoin DAI, announced the approval of an accelerated executive vote. This decisive action was taken in response to recent market volatility and the potential for a surge in demand for DAI. This vote introduces several temporary measures to strengthen the stability of DAI and the underlying protocol. Stability in the Face of Volatility Known for its strong overcollateralization support system, the Maker…
Author: Crypto Flexs
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“We also attempted to design a solution that rejected sandwich bundling, but our solution became a cat-and-mouse game with MEV searchers,” the statement said. “Ultimately, the Jito Labs team views negative MEVs, including sandwich attacks, as a roadblock to the Solana ecosystem and has made the difficult decision to discontinue the mempool in the absence of an engineering solution. We are committed to providing additional revenue streams. In addition to making Solana the best execution environment for all users, it is also for validators and stakers.”
A cybercrime report from the Federal Bureau of Investigation’s (FBI) Internet Crime Complaint Center (IC3) shows a significant increase in cryptocurrency-related scams over the past year. According to the 2023 IC3 report, cryptocurrency-related fraud is expected to increase by 53% in 2023. FBI Cryptocurrency Fraud Report The FBI’s report provides a comprehensive overview of the current state of cybercrime and the challenges posed by the use of cryptocurrencies to facilitate fraudulent activities. Data from the report shows a significant increase in cryptocurrency-related investment fraud. According to the report, losses due to fraud increased 53% from $2.57 billion in 2022 to…
Market • March 8, 2024 5:20 AM EST Posted 1 minute ago In ~ Daily trading volumes on centralized cryptocurrency exchanges have reached highest levels not seen since November 2021.The seven-day moving average for daily trading volume across a wide range of centralized exchanges reached $97.4 billion on March 6, according to The Block’s data dashboard. That’s up from a low of about $24 billion in early February.Daily trading volume has only surpassed this point for less than two months in history, most of that time during the 2021 bull market when Bitcoin first peaked at $69,000.While daily trading volume…
Worldcoin hit a new all-time high, sparking bullish euphoria. Some short-term price volatility is expected before profits are realized. Worldcoin (WLD) met the predictions of the AMBCrypto report in the last week of February, reaching $10 and thereby setting a new ATH. At press time, the next target was just above $11, but Fibonacci extension levels showed the price could go much higher than that. Technical analysis shows that the uptrend was so strong that WLD’s downtrend from a week ago was cut short. Buyers were eager and confident, reinforcing the idea that prices would rise. Divergences and pullbacks were…
join us telegram A channel to stay up to date on breaking news coverage The current upward trend and positive market outlook have resulted in significant profits for smart investors. Additionally, the altcoin market has seen a notable increase, especially in AI, gaming, and meme coins. Therefore, investors are actively looking for coins within the sector to take advantage of the upcoming rally. Emerging tokens and pre-sales are gaining investor attention by promising impressive growth potential. This review takes a closer look at the use cases, performance metrics, and notable developments in these coin markets. New cryptocurrency launches, listings and…
Revela Decompiler Revealed: A Game-Change for Blockchain Security – Chainwire housenewsroomRevela Decompiler Revealed: A Game Changer in Blockchain Security We use cookies to make your experience on Chainwire’s website better. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for…
Circle has introduced a new pre-issue address for USDC on the Solana blockchain to streamline operations in anticipation of the launch of the Cross-Chain Transfer Protocol. Global financial technology company Circle has launched a strategic move to deploy new pre-minted addresses for its USD Coin (USDC) on the Solana blockchain. This development comes as Circle prepares to launch the mainnet of its Cross-Chain Transfer Protocol (CCTP) on Solana on March 26, 2024. The newly introduced pre-minted address is FSxJ85FXVsXSr51SeWf9ciJWTcRnqKFSmBgRDeL3KyWw. This address will be integrated into the CCTP functionality to enable programmable USDC issuance on Solana. Circle’s transparency to the cryptocurrency…
Cryptocurrency enthusiasts are celebrating a positive weekend for Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization. A 4.31% price surge over the past day has inched ETH closer to the important resistance point of $4,000. This rise comes amid a wave of optimism surrounding the Ethereum network, driven by a confluence of factors. Ethereum whale activity signals potential rally on-chain buying Market analysts attribute the recent surge to a significant increase in Ethereum accumulation. Wallets linked to PulseChain and PulseX have been buying ETH aggressively, accumulating a whopping 163,295 ETH in just four days, according to data from blockchain…
Grand Cayman, Cayman Islands, March 8, 2024, Chainwire Powered by Pravica, S3 provides Sui blockchain builders the opportunity to seamlessly launch native stablecoins without complex smart contract development and currency management. S3.MONEY (S3), a stablecoin studio developed on the Sui blockchain, was officially announced today by Cairo-based blockchain startup Pravica in collaboration with Sui. S3, which stands for “Stablecoin Studio on Sui,” plans to revolutionize the global payment processing landscape by introducing a versatile and user-friendly solution for building and leveraging stablecoins on the Sui blockchain. S3 provides core utilities designed to build custom stablecoins directly on the Sui blockchain.…