Cosmos Hub’s governing body has approved a proposal to lower the maximum inflation rate for its token, Cosmos (ATOM), from 14% to 10%.According to the proposal, the approved modifications would reduce ATOM’s annual staking yield from approximately 19% to approximately 13.4%. Cosmos Hub is the main blockchain within the Cosmos Network, a system of interconnected blockchains. ATOM tokens are used for staking, governance and transaction fees.This proposal narrowly passed with 41.1% in favor and 38.5% against. It was expected to fail just before the deadline, but a large influx of votes at the last minute and some twists from the…
Author: Crypto Flexs
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A whirlwind of price fluctuations, innovation, and groundbreaking developments shapes the cryptocurrency landscape. One such development was the recent struggles of Litecoin (LTC) juxtaposed with the promising potential of InQubeta ($QUBE). While the LTC chart predicts a potentially tricky path ahead, all eyes are on QUBE, a new ICO that is gearing up for a possible 6000% surge. InQubeta ($QUBE): AI Investment Revolution Before we dive into the Litecoin story, it is important to introduce InQubeta, one of the best ICOs of 2023. This crowdfunding platform is setting the stage to change the way we view AI-based investment opportunities. InQubeta’s…
Illustration by Mitchell Preffer for DecryptTuesday’s shocking news was that Binance CEO Chengpeng Zhao resigned and plead guilty It violated U.S. money laundering laws and his exchange agreed to pay hefty fees. $4.3 billion in fines—Crypto Twitter is going crazy.Many Twitter users were quick to pick up on the irony that Zhao had routinely used before this week. symbol “4” Rumors about Binance’s legal troubles were dismissed as unfounded and misinformation. Now, not only have the rumors been proven true, but number four is back with a vengeance. If Zhao actually has the potential to do so. headed to prison…
Black Friday and Cyber Monday are the days to search for the best deals and offers of the year. Even though the cryptocurrency industry is relatively new, we expect to see more irresistible transactions in the future. Now there is good news for all Bitcoin and cryptocurrency users who are trying to get a hardware wallet. TL;DR Read on to learn more about this special sale and get more information about the Ledger wallet. Ledger Wallet Black Friday/Cyber Monday Sale Get $50 in BTC with the “Ledger Nano Duo” bundle, which includes both Ledger Nano S Plus and Ledger Nano…
The bullish momentum that had driven Bitcoin (BTC) to a 31.8% 30-day rally weakened on November 14, despite weaker-than-expected US inflation data showing a 3.2% annual increase. Bitcoin price seemed overheated, nearing $100 million. Even after traditional markets reacted positively to monthly inflation, they were liquidated within an hour. The decline in the price of Bitcoin has not worried all analysts, with some believing that Bitcoin is starting to rise to $48,000. Bitcoin price. source: TradingViewToday we will take a closer look at the factors that affect the price of Bitcoin.$126 million worth of Bitcoin purchases were liquidated.The rapid movement…
The BBC takes a look at “Sam Bankman-Fried, the mop-haired, eccentric math genius who set out to change the world of crypto but ended up being its biggest loser.” Panorama will be broadcast for 11 months on BBC One at 20:00 on 25 September. Sam Bankman-Fried is the former CEO of cryptocurrency exchange FTX, which collapsed in 2022. Just days ahead of the US trial of Sam Bankman-Fried, British broadcaster BBC has prepared an investigative article on the disgraced “crypto king” once the darling of Wall Street and Capitol Hill. The man who wanted to change cryptocurrency, who is currently…
Changpeng Zhao (CZ) agrees to $175 million release bondBinance founder Changpeng “CZ” Zhao will pay a $175 million release bond after pleading guilty to violating the Bank Secrecy Act. Bail documents filed in federal court in Seattle set out conditions, including an agreement to return to the U.S. 14 days before sentencing on Feb. 23, 2024.Source: Pacer$15 million forfeited from trust account if bond conditions are violated.Zhao had $15 million deposited in a trust account separate from the bond, which would be forfeited if he did not comply with the terms of the bond. The bond agreement lists two sureties.…
All attention has been focused on Bitcoin, which has surged nearly 30% in major markets over the past month. However, altcoins that generally lag behind their older brother Bitcoin are also showing strength in a pattern that reflects previous bull market cycles. On this day, the overall cryptocurrency market capitalization decreased by 2.3%. Nonetheless, it has made and maintained profits of more than $300 billion over the past month. Altcoin market momentum On November 17, analyst ‘CryptoCon’ observed that altcoins are growing stronger despite major movements in Bitcoin. They said: “This is clearly evident by the upward trend of altcoin…
November 17th Why the recent resurgence of interest in Solana? Posted at 17:16h in education, tokens by admin Solana, a Web3 chain known for its high speed and scalability, is seeing a notable resurgence of interest, with a significant increase in Total Value Locked (TVL) and active user base. Despite previous difficulties related to the FTX exchange bankruptcy and continued market volatility, Solana’s recent performance represents a significant turnaround. Solana price action explodes while TVL soars Today we’ll look at what’s driving this new interest, the challenges it faces in regaining investor confidence, and its ongoing fight to establish itself…
InfStones, Lido Finance’s core node operator, will temporarily withdraw Ethereum validators from the liquid staking protocol and implement key rotation in response to a serious vulnerability uncovered by security researchers at dWallet Labs.This vulnerability, linked to the open source library Tailon, was reported to InfStones in July 2023 and has since been addressed. Nonetheless, the incident led to the adoption of preventive security measures.Lido, the largest liquidity staking protocol on Ethereum, oversees 9.23 million ETH and has a market cap exceeding $19 billion. The protocol allows users to deposit ETH and participate in network staking through validator nodes, which issue…