BNB Chain unveils the second phase of its TVL incentive program, offering a prize pool of up to $160,000 to BSC projects to promote ecosystem growth. BNB Chain, a leading blockchain network, recently announced the launch of the second phase of its Total Value Locked (TVL) incentive program specifically designed for projects operating on Binance Smart Chain (BSC). The initiative aims to promote the growth and development of the BSC ecosystem by rewarding projects that demonstrate significant increases in TVL (a measure of capital secured in smart contracts). The incentive program features a competitive prize pool of up to $160,000…
Author: Crypto Flexs
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Bitcoin price is struggling to break above the $68,000 resistance level. BTC is currently consolidating and may fall towards the $63,400 support area. Bitcoin price is struggling to make more gains than new all-time highs. The price is trading above $65,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a short-term bearish trendline forming with resistance near $67,000. The pair could extend losses and revisit the $63,400 support zone. Bitcoin Price Faces Hurdles Bitcoin price began a sharp decline from its all-time high of $69,218. BTC crashed to $59,150 before…
Argentine authorities have arrested a Brazilian couple accused of leading a $400 million cryptocurrency Ponzi scheme. Argentina’s Federal Police (PFA) has arrested a Brazilian couple for orchestrating a Ponzi scheme involving over $400 million in cryptocurrency. The operation, labeled “Assim você me estafa”, resulted in the pair being arrested at a rural estate in Escobar, a Buenos Aires region. The couple had been under an international arrest warrant issued by Interpol for a year before their arrest. They are accused of devising an elaborate Ponzi scheme that raised significant sums of money from investors lured by the promise of lucrative…
Ye Zhang, co-founder of Scroll, a layer 2 project that uses zero-knowledge proofs, is cautiously optimistic about the upcoming Dencun upgrade. in post At X, Zhang pointed out Dencun’s potential advantages, especially its low transaction fees. However, in the same post, the co-founders highlighted issues that can appear with existing layer 2 scaling solutions that use rollups. Dencun Releases EIP-4844 on Ethereum: What It Means Ethereum developers plan to implement Dencun in mid-March. Implementing EIP (Ethereum Improvement Proposal)-4844 is a big part of this hard fork. With this implementation, the proposal introduces a new “Blob Carrying Transaction” feature. What’s unique…
World Coin world +19.94% A cryptocurrency project co-founded by Sam Altman has been banned in Spain for up to three months as the country’s data protection watchdog continues its investigation into it.in name On Wednesday, Spain’s data protection agency, AEPD, announced that it had ordered preventive measures against Tools for Humanity Corporation. The company, the core developer of Worldcoin, has a business model that involves exchanging cryptocurrencies by scanning people’s irises.“AEPD has received multiple complaints against the company for a number of violations, including lack of information, collection of data from minors, and the inability to withdraw consent,” the regulator…
After recent gains in Filecoin (FIL) and Litecoin (LTC), investors are shifting their focus to DeeStream (DST) ahead of the Bitcoin (BTC) halving in hopes of significant returns. This strategic reallocation reflects the broader trend of capital movement towards new technologies and platforms within the cryptocurrency ecosystem. DSTREAM (DST) It is a major beneficiary of pre-halving market dynamics. Filecoin (FIL) explores the decentralized storage market. Filecoin (FIL) has carved out a niche in the decentralized storage market by providing a platform for users to sell their unused storage space. Despite its innovative solutions to data storage, Filecoin (FIL) investors continue…
In a dramatic turn of events that echoes the prescient warnings of Bitcoin creator Satoshi Nakamoto, the financial system has witnessed yet another stark contrast between the faltering traditional banking sector and the growing cryptocurrency market. New York Community Bank (NYCB), whose stock price plummeted, received attention. Worrying revelations about financial health and management turmoil sent the stock plummeting by more than 40%. The turbulence comes as Bitcoin is up 58% year-to-date, hitting an all-time high of $69,000. NYCB Goes Bankrupt While Bitcoin Hits All-Time Highs The plight of NYCB, a regional lender based in Hicksville, New York, became public…
There was a time when discussions about cryptocurrencies and the various investment products and tools in the industry took place only on specialized forums and websites. Before jumping into cryptocurrency investing, it is important to understand the legalities. This is why a consulting formation company can help you set up the right business structure to manage your investments efficiently and safely.These days, hardly a day goes by that something like that happens. cryptocurrency It’s not mentioned in the mainstream media, or people are talking about cryptocurrency investing with their friends, colleagues, and co-workers. Cryptocurrency Investment It may seem overly complicated…
The emergence of liquid re-staking tokens and their impact on blockchain security and efficiencyThe new liquidity re-staking protocol gives Ethereum another opportunity to strengthen its staking ecosystem by providing a more democratic and diverse approach to staking. Unlike traditional liquid staking protocols that secure the PoS chain with deposited ETH, liquid re-staking protocols validate AVS against various systems such as rollups, oracles, and bridges. This innovation challenges the dominance of existing liquid staking leaders and expands participation in the Ethereum consensus process. By leveraging funds to validate various systems, the Liquid Restaking Protocol aims to revitalize Ethereum staking and promote…
Brave, a privacy-focused web browser with over 60 million users, has released an update to its desktop version (1.63) that introduces support for Native SegWit Bitcoin wallets within the built-in Brave Wallet. Additionally, Brave Wallet now allows users to send and receive from all types of Bitcoin addresses, including Legacy, Nested SegWit, Native SegWit, and Taproot, ensuring compatibility with third-party wallets.#bitcoin Now available in Brave Wallet on your desktop!Make sure you are using the latest version of Brave (v1.63). You will then see that option in the “Account” section of Brave Wallet.More details are in today’s blog post 👉 https://t.co/bSM1UFzu0p…