The cryptocurrency market was shocked by the price crash earlier this week. The Japanese Yen and geopolitical tensions created massive selling pressure, resulting in one of the biggest crashes of the year. However, the worst seems to have passed, with Popcat (POPCAT) and Brett (BRETT) resuming their upward trend. Meanwhile, a new exchange-based token, DTX Exchange (DTX), has received approval from industry experts. It is expected to reorganize the $10 billion global trading market with a hybrid approach and will be a new DeFi project to watch. DTX Exchange (DTX): A New Trading Approach Ahead of Adoption DTX Exchange (DTX)…
Author: Crypto Flexs
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Welcome to Finance Redefined, a weekly newsletter that provides essential insights into decentralized finance. This newsletter is designed to bring you the most important events of the past week.Cryptocurrency markets have seen a significant recovery this week after the largest cryptocurrency sell-off in a year wiped out more than $510 billion in global market cap, with Bitcoin (BTC) briefly plunging to a five-month low of $49,000.Beyond these changes, there have been significant positive developments in the broader decentralized finance (DeFi) space since the eldest son of presidential candidate and former President Donald Trump announced plans to launch a DeFi platform…
Jorg Hiller Aug 10, 2024 06:54 Gala launches Telegram SSO to improve user onboarding for Gala games, music, and movies platforms. According to Gala News, the Gala ecosystem aims to improve users’ onboarding experience across all platforms, including Gala Games, Gala Music, and Gala Film, by introducing a Single Sign-On (SSO) feature using Telegram login credentials. Streamline your user experience with Telegram SSO One of the main challenges for mass adoption of Web3 has been the convenience factor. While Web2 platforms have been leading the way in providing a seamless onboarding experience, Web3 platforms…
This column was co-written by Frank Chaparro, Special Projects Director at The Block, and Laura Vidiella of MNNC Group. The views expressed in this column are their own and do not necessarily reflect those of their employers.This week has been a tumultuous one for cryptocurrencies. However, if you have been in the market for a while, you are probably familiar with these kinds of violent price drops. This is usually caused by the accumulation of leverage on offshore platforms. When leverage is accumulated, a catalyst can trigger a price drop, which can lead to a chain of liquidations that further…
Lido Finance Simple Delegation allows LDO token holders to delegate their voting rights to another address and participate in on-chain voting on behalf of the delegated voter. Lido Finance has contracted with Ackee Blockchain to conduct a security review of Lido Finance Simple Delegation for a total of 10 days from March 18, 2024 to March 28, 2024. Lido Finance has also engaged Ackee Blockchain to conduct a revision review of the results of Revision 1.0 upon commit. e3cef8c. 3 out of 10 findings were fixed, and the remaining 7 findings were acknowledged by the team with explanations. Lido Finance…
The Solana network has patched a critical vulnerability. Patch deployments were kept secret only to validators before being released to the public. Network users have expressed concerns about transparency. Despite its reputation for scalability, the Solana network has suffered several major outages over the past year. The most recent outage was in February, when the entire network went down for five hours. However, recent reports say the network narrowly avoided another outage. Most recently, Solana’s validators revealed that the network had undergone a secret security update that narrowly avoided disaster. Nevertheless, the undisclosed update raised questions about the transparency and…
Lawrence Jengar Aug 10, 2024 07:19 According to Gala News, learn how cryptocurrency mining works, the different methods, and the importance of cryptocurrency mining in maintaining blockchain networks. Cryptocurrency mining is the fundamental process of generating new coins and validating transactions to power the blockchain ecosystem. According to Gala News, this activity involves using computer power to solve complex mathematical problems. Basics In the context of mining, especially Bitcoin (BTC), miners must solve cryptographic puzzles. These puzzles are complex mathematical equations that require significant computational resources. If a miner successfully solves the puzzle, they…
Coinbase criticized the U.S. Commodity Futures Trading Commission late Thursday, opposing proposed rules that would ban certain event contracts.“Event markets are a promising area of the future economy, which is why we are responding to the CFTC’s Notice of Proposed Rulemaking today,” Chief Legal Officer Paul Grewal wrote on X. “We fully support the CFTC in its mission to maintain the integrity of the U.S. derivatives markets and believe they can provide a robust regulatory framework for this new type of contract. However, if adopted, this proposal would prohibit many speculative contracts without good reason.”Earlier this week, cryptocurrency skeptic Senator…
The Open Network (TON), a layer-one blockchain, has surged more than 13% in 24 hours after suddenly gaining support from the world’s largest cryptocurrency exchange by trading volume. At the time of writing, TON Coin is trading at $6.22, up from $5.44 a day ago. In a new announcement, Binance said it would list TON with a seed tag, which the platform applies to tokens with greater volatility potential. Users who own assets with the tag will be required to pass a quiz every 90 days to understand the inherent risks. TON was originally developed by encrypted messaging platform Telegram…
The beta phase improves game qualityAmit Mahajan, creator of Farmville and Pirate Nation, emphasizes the importance of beta releases in game development, especially in the blockchain gaming space. Mahajan argues that releasing games incrementally and evolving them based on community feedback results in higher quality and more engaging final products. “I actually like this whole build thing openly. It’s always evolving the game. It’s like releasing and iterating,” Mahajan shared with Cointelegraph. He believes that early feedback is invaluable, citing Farmville’s iterative improvements, which were initially built in just five weeks but are constantly updated based on user input.Building and…