As the global economy groans under the weight of more debt piling on more debt, the Federal Reserve has added the attribute ‘social control’ to its definition of money. Will citizens of the world stop buying Bitcoin? Huge spending continues Currently, U.S. borrowing is increasing to completely unsustainable levels. Debt now exceeds $34 trillion, with interest alone exceeding $1 trillion, making it the largest item on the Treasury’s balance sheet. How can the United States double its spending to similar levels as a few years after the virus outbreak? That is, unless the government knows that all this extra spending…
Author: Crypto Flexs
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While much has been made of spot Bitcoin ETF trading volume and net inflows of new capital since it was approved and began trading earlier this month, the lion’s share of buying and selling is spread across a few select instruments.Franklin Templeton’s spot Bitcoin ETF has so far not been part of the elite group of products offered by BlackRock, Fidelity and Grayscale, the three of which account for about 90% of total trading volume. But the Wall Street firm, founded in 1947, is confident its spot Bitcoin ETF product will gain popularity among financial advisors and investors.“It’s only a…
Development activity on the Polygon network has surged. Despite the decline in the price of MATIC, the volume of Polygon NFTs has reached new highs. Recently, Polygon (MATIC) has been able to drive a large amount of activity on the network as its NFT volume has increased. However, despite these efforts, the price of MATIC has plummeted more than 5% in the last 24 hours. More and more developments are taking place Analysis of data encompassing more than 485 million code commits across 818,000 open source repositories associated with Polygon has yielded valuable insights into developer trends and behavior. Notably,…
Cryptocurrencies have been making waves in the investment world for quite some time. With the rapid growth of Bitcoin and other altcoins, it is no surprise that investors are constantly looking for the next big thing in cryptocurrency. One cryptocurrency that is generating a lot of buzz is LibrexCoin. Due to its unique features and growth potential, many people consider it to be the best cryptocurrency investment. In this article, we’ll take a look at what LibrexCoin is and why it could be the key to unlocking the future of cryptocurrency investing. What is LibrexCoin? LibrexCoin is a decentralized cryptocurrency…
Coinbase, a leading cryptocurrency exchange, announced plans to diversify its execution clients amid concerns about Gothereum (Geth) monopolizing it. on January 23rd name Acknowledging the growth of the industry, Coinbase Cloud on social media platform “The fallback execution client has come a long way. Therefore, we are conducting an updated technical assessment with the goal of adding another execution client to our infrastructure,” Coinbase said. The Brian Armstrong-led exchange added that it would release an official update on the process by the end of February. Geth dominance raises concerns Geth is an Ethereum execution client responsible for transaction processing and…
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Posted 1 minute ago In ~ Digital marketing platform Mailer Lite suffered a phishing attack, losing more than $600,000, according to web3 security and privacy company Blockaid. Blockaid explained on social media that attackers took advantage of a vulnerability in Mailer Lite to make it appear as if web3 companies were sending seemingly legitimate emails that actually contained malicious links to wallet-snapping sites. line “The attackers were able to craft emails that appeared to come from these organizations by taking advantage of the fact that Mailer Lite had previously been authorized to send emails on behalf of this site’s domain,”…
January 23rd Bitfinex Alpha | Even as the market grows, expands, and diversifies, the price of Bitcoin is likely to decline further. Posted at 15:38h On Bitfinex Alpha Posted by Tammy Bitcoin’s plunge last weekend led to a significant decline in unrealized profits, especially among short-term holders. We believe this could lead to increased selling pressure, especially from recent buyers. Trends in this group are more sensitive to short-term market fluctuations, which can lead to stronger sell-offs. We predict a significant market correction is likely, with Bitcoin’s key support levels remaining at $38,000 and $36,000. These levels, which are close…
Swiss fintech Taurus, backed by Deutsche Bank, now offers tokenized securities trading to retail clients after receiving regulatory approval. The company recently received approval from the Swiss Financial Market Supervisory Authority (FINMA) to offer tokenized securities to retail customers. Retail users can now participate in capital raising and trade digital assets and tokenized securities through Taurus’ regulated platform. This update not only diversifies the customer base but also improves the liquidity of digital securities. This provides a unique opportunity for companies to access primary and secondary markets and attract the attention of a wider range of investors. Taurus’ announcement also…
DeFi v1 is characterized by a dominance of complex protocols that raise questions about whether they should be considered financial fundamentals. Protocols like Aave contain hundreds of risk parameters and enable very complex features, leading to forks to enable similar features in new ecosystems. This has led to an explosion of protocol forks across platforms such as Aave, Combine, Uniswap, and the various EVM ecosystems. This article originally appeared on www.coindesk.com. The decentralized finance (DeFi) industry has been evolving rapidly since its inception and is now entering a new phase that promises to bring more innovation and growth to the…