Bull season holds many surprises. Sometimes coins that fell or were thought dead during a bull market can rise again, and tokens with flawed models can self-correct. This is exactly the situation in which Pepecoin (PEPE), which was thought to have lost its value and utility, has recently received attention and is accumulating a large amount. The cryptocurrency industry is buzzing with activity as Bitcoin nears its all-time high and the market rebounds. Memes have particularly benefited from this renaissance, as their widespread popularity and low costs attract a diverse range of investors. Pepe Coin rises due to increased interest…
Author: Crypto Flexs
Read More
Grand Cayman, Cayman Islands, March 1, 2024, Chainwire Ondo launches native access to tokenized real-world assets on Sui. Sui, a layer 1 blockchain offering industry-leading performance and infinite scalability, announced that its yield-providing stablecoin alternative to Ondo Finance is now live on its network and can be used immediately by builders, developers, and end users. USDY, Ondo’s US Treasury-backed and interest-bearing token, is Sui Network’s first native dollar-denominated token. Ondo’s Sui extensions provide core functionality to enable builders and developers within the highly composable Sui ecosystem to create decentralized applications with even more functionality. Sui’s rapidly growing DeFi TVL and…
Last February, Bitcoin miners discovered a total of 4,446 blocks, generating $1.39 billion in revenue, $71 million of which came from on-chain transaction fees. Bitcoin mining revenue increased by $40 million in February compared to January, but the amount collected in fees decreased this month. Bitcoin’s hash price break (…)
Venture capital firms are showing increasing interest in cryptocurrency startups, with investments increasing significantly in February. CryptoBriefing reports that cryptocurrency startups received $485 million in funding last month, citing data from DefiLlama. This is a 5.3% increase from the previous month and the largest investment in the last quarter. A significant portion of the capital, amounting to $387 million, was allocated to infrastructure-related startups. The most notable investment was by a16z, which invested $100 million in EigenLayer in a private funding round. This was the largest venture capital allocation to a cryptocurrency startup in February. EtherFi, a liquidity staking platform,…
The latest technology news in cryptocurrency and blockchainOn March 2, Babylon announced that it was collaborating with Ankr to provide security and liquidity to its proof-of-stake chain using liquid staking tokens. Ottr joined Tools For Humanity to develop the World App. Wormhole introduces native token transfers for multichain tokens. BOB has unveiled its ETH settlement rollup solution. Taiko raises $15 million for its Ethereum layer-2 scaling solution. Clone launched Clone Market and Clone Liquidity on Solana. Renzo has partnered with Connext for cross-chain re-staking. Metis has integrated Chainlink CCIP for token bridging. Alchemy has launched embedded accounts for Web3 onboarding.…
The Taiko project, known for its “base sequencing” architecture, is one of several projects vying for relevance in the deep space of the Ethereum layer-2 network.
AlgoSwap emerges as a new decentralized exchange protocol on the Algorand blockchain designed for high-speed, low-cost, and environmentally friendly cryptocurrency trading. As follows Decentralized Finance The (DeFi) landscape continues to expand, and innovative platforms like AlgoSwap are revolutionizing the way digital assets are exchanged. Developed by Hypotenuse Labs and supported by the Algorand Foundation, AlgoSwap is an ongoing protocol that encapsulates the spirit of DeFi by providing a secure and user-friendly decentralized exchange (DEX) on the Algorand blockchain. Introduction to AlgoSwap AlgoSwap is a decentralized Uniswap-like exchange carefully tailored for the Algorand Standard Asset (ASA), bringing a new dimension to…
The cryptocurrency market is led by Bitcoin and Ethereum with soaring values. The upward momentum is flowing to altcoins. In particular, the Theta Network cryptocurrency soared while analysts made bullish predictions for SUI. Adding fuel to the fire is the emerging project BlockDAG. The project has garnered significant early investor support, evidenced by the second pre-sale batch almost selling out. Theta Network Cryptocurrency LoL Theta Network (THETA), a platform for decentralized video delivery and edge computing, has seen massive price growth, with its price rising by as much as 60% in February 2024. This made THETA the leading cryptocurrency in…
It’s been a crazy week:bitcoin hit $64,000 (thursday).Bitcoin surpasses Russian ruble (world’s 14th largest currency).Microstrategy purchases an additional 3,000 Bitcoin.Gold price: Reaches all-time highThe Bitcoin ETF market is already worth more than half the gold market!There has been a lot of news this week and the importance of these events cannot be overstated. So let’s take a look at the following:Bitcoin Reaches $63,000 (Thursday)Bitcoin continued its strong market momentum on Thursday, hitting $63,000 on Binance. This price is higher than we expected, and we are still 50 days away from the Bitcoin Havling event, which could reduce the market supply…
The Indonesian Commodity Futures Trading Supervisory Authority (Bappebti) has asked the Ministry of Finance, led by Sri Mulyani, to reassess the taxation of cryptocurrencies. Cryptocurrency taxation in Indonesia Despite the surge in the value of Bitcoin, Indonesia saw a notable decline in cryptocurrency tax revenues in 2023, plummeting 62% compared to the previous year. In 2023, total tax revenue generated from cryptocurrency transactions reached $31.7 million (Indonesian Rupiah $467.27 billion). This decline is primarily due to a significant 51% decline in cryptocurrency trading volume over the same period. The tax system introduced by the government in May 2022 imposed double…