Honduras’ CNBS regulator has banned cryptocurrency trading within financial institutions due to fraud, money laundering and the regulator’s inability to regulate multi-jurisdictional digital platforms amid global controversy. The Honduran National Banking and Securities Commission (CNBS) has banned the country’s financial system from engaging in trading Bitcoin and related virtual assets. This restriction was recently implemented. Financial institutions supervised by the Central Bank of Honduras (CNBS) are prohibited from maintaining, investing in, brokering or dealing in cryptocurrencies, cryptocurrencies, cryptocurrencies, tokens or other similar virtual assets. A document issued or approved by the Central Bank of Honduras. This resolution took effect immediately…
Author: Crypto Flexs
Welcome to the third article. eth2 quick update. tldr; Strengthening fork selection defenses in response to auditsintroduction challenges.ethereum.orgHerumi grant for ultrafast BLS implementation fork selection defense This week we strengthened our defense of the level 0 fork selection rule. We spend a lot of time analyzing eth2 to ensure that the system can remain stable even under adverse conditions (e.g. large-scale attackers, major network outages or partitions, etc.). The goal of any large engineering project is to find as many potential problems and prepare for these scenarios before launch. That is why we have been working with many external teams…
Market • February 19, 2024 7:10 AM EST Posted 1 minute ago In ~ Open Interest Bitcoin BTC +1.40% Futures on centralized exchanges have hit new highs this year, reaching levels not seen since November 2021 and highlighting increased trading activity around the biggest cryptocurrencies.Total open interest in Bitcoin futures reached $22.9 billion on Monday, the highest since the fourth quarter of 2021 and close to the previous high of about $24 billion at the time, according to CoinGlass.Open interest in Bitcoin futures has increased by more than 30% since early 2024. This increase coincides with the Bitcoin price rising…
Cryptocurrency lender Chelsea has successfully distributed $2 billion worth of cryptocurrency assets to over 172,000 creditors, marking a significant milestone in its restructuring process.Efficient distribution processUnder the court-approved restructuring plan, Chelsea facilitated the distribution of approximately 20,500 Bitcoin and 301,000 Ether tokens to eligible creditors. The process was overseen by distribution agents PayPal and Coinbase to ensure smooth and secure transactions.Distribution agents and overseas holdersPayPal managed cryptocurrency distribution for U.S. holders, while Coinbase handled foreign creditors. Seamless coordination between these platforms has enabled the rapid transfer of liquid cryptocurrency assets to creditors around the world.Compliance issues and solutionsDespite a successful…
reporter Posted on: February 19, 2024 Arbitrum’s weekly derivatives trading volume hit an all-time high last week. ARB’s value rose last month, but investors’ profits continued to fall. Weekly trading volume for the derivatives protocol included in the major Layer 2 network (L2) Arbitrum (ARB) hit an all-time high of $18 billion last week. Dipilama showed it According to the data provider, this represents a 17% increase in derivatives trading volume on Arbitrum in less than seven days, surpassing the $9 billion recorded by Ethereum (ETH) during the same period. Source: DefiLlama The decision to dethrone Ethereum According to on-chain…
MicroStrategy is flashing its diamond hand, the two largest NFT creators are merging together, and this Bitcoin rally could be different. This week we bring you these stories and more in cryptocurrency. Bitcoin hits 2-year high Bitcoin’s market value surpassed $1 trillion last week, reaching its highest level since late 2021. To date, Bitcoin is already up 20%. But this rally has unique characteristics. Historically, Bitcoin has had a negative correlation with the dollar, but the resurgence of the US dollar index and the US 10-year Treasury yield have driven Bitcoin prices higher. MicroStrategy doubles its profits. MicroStrategy, Bitcoin’s largest…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Uniswap and PancakeSwap are trending upward. Everlodge surges 190% since listing on Uniswap, promising high ROI. Uniswap (UNI) recently regained momentum after a long period of decline, which led to a 7-day price increase. Another DEX token, PancakeSwap (CAKE), also saw an upward trend. We are preparing for a new leap forward based on our current momentum. Meanwhile, the Everlodge (ELDG) cryptocurrency is making waves, surging 190% and could soon deliver higher ROI to investors following its listing on…
Binance announced that it would discontinue support for leveraged tokens by April 2024, urging users to adjust their holdings and trading strategies in line with the upcoming changes. Binance, the world’s leading cryptocurrency exchange, announced that it has decided to discontinue support for Binance Leveraged Tokens (BLT). Binance has decided to discontinue trading and subscription services for all leveraged tokens by the end of February 2024 as part of its ongoing product review process to focus on those that provide the most valuable and competitive services to users. These movements are as follows: The dynamic nature of cryptocurrency exchanges, constantly…
Ethereum Co-founder Vitalik Buterin believes that one of the applications of artificial intelligence he would like to see is AI-assisted formal code verification and bug discovery.“The biggest technical risk for Ethereum right now is probably bugs in the code,” he said. Twitter. “Anything that can change the game in a big way would be amazing.”Unsurprisingly, responses to the tweet were filled with startups claiming to have built the game-changing technology Buterin was so excited about. One of the applications of AI that I am excited about is formal code verification and bug discovery through AI. Ethereum’s biggest technical risk right…
Bitcoin price is attempting a new rise above the $52,000 resistance level. For BTC to continue moving higher in the near term, the resistance at $52,800 needs to be cleared. Bitcoin price is rising above the $52,800 resistance level. The price is trading above $52,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above the main bearish trendline with resistance at $51,880. A break above the $52,800 resistance area could continue the rise. Bitcoin price gains more Bitcoin price began a downward correction at the $52,800 resistance…