Author: Crypto Flexs

Bitcoin BTC -0.89% With inflation still persistent, it is emerging as an attractive option for portfolio diversification in a macroeconomic environment, analysts said.Bitfnex head of derivatives Jag Kooner said various macroeconomic headwinds in 2024 could strengthen the safe-haven status of assets such as Bitcoin, gold and silver. “Sustained inflation levels that remain above the comfort zones of central banks around the world are expected to result in a prolonged period of interest rate increases. This scenario is likely to temper current market expectations of an early easing of monetary policy in advanced economies, which investors are concerned about. “It may…

Binance Holdings Ltd. was ordered to pay $4.3 billion for a plea deal approved by District Judge Richard Jones, one of the heaviest criminal penalties in U.S. history. The agreement follows Binance, the world’s largest cryptocurrency exchange, and its founder Changpeng Zhao pleading guilty to anti-money laundering and sanctions violations, including dealings with Hamas and other terrorist groups. The agreement announced in Seattle also mandates compliance monitoring for up to five years by an independent firm, which has not yet been appointed and would potentially be appointed by New York-based law firm Sullivan & Cromwell. Judge Jones said, “This is…

According to a press release on February 23, decentralized exchange (DEX) Vibrant Finance has entered the non-Ethereum DeFi environment based on Neon EVM, a Solana-based platform.DEX overcomes the existing limitations of traditional DeFi exchanges by leveraging the Discretized-Liquidity Automated Market Maker (DL-AMM) model.Vibrant Finance CEO Jimmy Yin expressed enthusiasm for this deployment on Neon, highlighting its potential to bridge Ethereum’s vibrant DeFi ecosystem with Solana’s strong liquidity and trading efficiency.“With the latest deployment of Neon EVM, we aim to make liquidity more efficient and promote collaboration between chains and ecosystems,” Yin said.Known for providing separate liquidity for each price movement,…

The Avalanche blockchain faced disruption due to the launch of Inscription Wave.Avalanche blockchain, known for its decentralized application (DApp) platform, suffered a severe technical outage on February 23, affecting block production within its proof-of-stake (PoS) network.Technical disruption of block productionAt exactly 12:02:27 UTC, Avalanche’s primary network experienced an outage in block production, temporarily halting network operations. Kevin Sekniqi, co-founder of Ava Labs, went to X (formerly Twitter) to immediately address this issue. Sekniqi said their team was actively investigating the outage, hinting at a potential link to the “inscription wave” that recently began just an hour before the block production…

What is SpinCoin? SpinCoin is a revolutionary new cryptocurrency that is taking the world by storm. Unlike traditional currencies, SpinCoin is decentralized and operates on a peer-to-peer network, allowing for safe, fast, and cheap transactions. Why is SpinCoin the next big thing? There are several reasons why SpinCoin is gaining a lot of attention in the cryptocurrency world. Quick Transaction: SpinCoin transactions are processed in seconds, making it ideal for fast transactions. Low Fees: Unlike traditional banks that charge high fees for transfers, SpinCoin transactions are carried out with minimal fees, saving users money in the long run. security: SpinCoin…

For both scenarios described below, we make two assumptions: Network propagation for a block is always 6 seconds. We start the analysis at time = t0 and at that t0 all nodes have the same exact chain. Scenario 1: Block Time = 10 minutes If the block time is 10 minutes and miner A solves blockD at time t0 + T and shares immediately, it can solve its own block that other miners were working on during times t0+T and t0+T+6. Let’s call the variable “X” how many miners solve this during this time. Scenario 2: Block Time = 4…

Binance Holdings Ltd. will pay one of the largest corporate fines in U.S. history after a judge approved a plea agreement on Friday that requires the exchange to pay $4.3 billion. “Binance accepts responsibility for the company’s past actions and has already made significant progress in taking the necessary actions under the terms of this plea agreement,” a Binance spokesperson said in a statement to The Block. Judge Richard Jones approved the plea agreement Friday at a hearing in Seattle. Binance, the world’s largest cryptocurrency exchange, and former CEO Changpeng Zhao agreed in November to resolve criminal charges with the…

AI Analytics Launches AIA Mastercard, the Future of Crypto-Fiat Trading – Chainwire housenewsroomAI analytics launches AIA Mastercard, the future of cryptocurrency-fiat trading We use cookies to make your experience on Chainwire’s website better. Cookies help us give you 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 specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of…

Now that the first-ever on-chain Devcon ticket distribution is over, it’s time to talk about ticket distribution for all attendees! First, we would like to say a sincere “Thank You” to everyone who participated in the first pilot round of Onchain DevCon ticketing. Thanks to your support, we feel confident in our code and are exploring the possibility of expanding these systems in the future. In the lottery/auction process, the contract got the job done and Ethereum users had a blast! In the auction round, all bid disclosures were completed with two days remaining. Attendees, if your contact information is…

In an important development for Binance Smart Chain (BSC) Ecosystem, Aave (AAVE), one of the largest decentralized finance (DeFi) market protocols, announced integration with the BNB Smart Chain. Aave participates in major projects such as Uniswap, Ambit Finance, PancakeSwap, and Lista DAO. BNB Chain Welcomes Aave According to presentationThis latest development opens up new opportunities for BNB Chain users, providing access to what the protocol calls a “best-in-class lending platform” and improved liquidity. With the launch of First Digital USD (FDUSD), users can now leverage “powerful” liquidity to explore a variety of applications and opportunities in the Binance ecosystem. The…