The digital currency landscape is poised for seismic change as traditional banking giants prepare to enter the stablecoin space. Such a move could redefine market dynamics, challenging the current dominance of leaders like Tether. Arthur Hayes, former CEO of BitMEX and CIO of Maelstrom, provided important insight into this new scenario. Hayes predicts that traditional banks are preparing to enter the stablecoin market, which until now has largely been dominated by companies like Tether. Despite their current success, centralized stablecoins may face serious challenges as banks with strong infrastructure, compliance capabilities, and deep-rooted customer trust are able to overtake the…
Author: Crypto Flexs
Read More
Vitalik Buterin, co-founder of the Ethereum networkSome interesting comments were made during the meeting. Recent Interviews. One of them was his expose on the worst things that commonly happen on the Ethereum network. The worst thing that can happen on Ethereum Vitalik I mentioned the worst thing that happens in . Ethereum This is when people lose money. However, it is worth mentioning that this particular comment came in the context of his previous comments about the impact of war and dictators on human life. It refers to a light heart compared to the ‘heavy thing’ just mentioned. Meanwhile, Vitalik…
The cryptocurrency market took a whirlwind this year, with the price of Bitcoin surpassing $45,000 for the first time since April 2022 amid investor expectations that a spot Bitcoin exchange-traded fund (ETF) may be approved in the United States. Yes.Meanwhile, tokens for two major layer 2 scaling solutions — decision ARB +13.42% and optimism OP +3.32% — has seen prices rise over the past month — both trading near historical highs.The Arbitrum token is up 13% today, hitting a high of $1.83, up 60% in price over the past month. According to The Block’s pricing page, it is currently trading…
Bitcoin price rose more than 5% and cleared the $45,000 resistance level. BTC is showing positive signs amid rumors of EOD spot ETF approval. Bitcoin is gaining speed above the resistance levels of $44,000 and $44,400. The price is trading above $45,000 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a break has occurred above the main rising channel with resistance near $43,500. The pair rose more than 5% after several rumors about the approval of a BTC spot ETF for EOD. Bitcoin price rally above $45,000 Bitcoin price formed…
Orbit Chain suffered damage due to unauthorized access.Orbit Chain, a representative cross-chain bridge, Confirmed A serious security breach occurs in the system, resulting in significant cryptocurrency losses. The incident, which occurred at 8:52 PM UTC on December 31, has caused serious concern within the cryptocurrency community.🚨Urgent🚨Dear Orbit Bridge users,Unconfirmed access to Orbit Bridge, a decentralized cross-chain protocol, was confirmed on December 31, 2023 at 8:52:47 PM +UTC.Additional information regarding this issue will be updated.— Orbit Chain (@Orbit_Chain) January 1, 2024 Breach investigation and responseFollowing the breach, Orbit Chain announced through X (formerly Twitter) that it was conducting a thorough investigation…
Batch Issue 229 provides an exciting look at the breakthroughs in artificial intelligence expected in 2024. It includes contributions from Anastasis Germanidis, Sara Hooker, Percy Liang, Sasha Luccioni, Pelonomi Moiloa and Kevin Scott. The growth of artificial intelligence systems is what Anastasis Germanidis expects, especially in the areas of video production and real-time interaction. He focuses on automating AI research and building modular systems. Sara Hooker predicts that there will be a greater emphasis on inclusivity, along with the development of multimodal and multilingual models and a trend towards smaller, more efficient AI models. In her speech, she highlights the…
Tron’s total on-chain value also continued to increase steadily in 2023. TRX is up 1% in the last 24 hours, but the indicator looks bearish. 2023 was a year full of achievements. Tron (TRX) Because several milestones have been reached in several fields. From being the top blockchain by active addresses to significant growth in the DeFi ecosystem, Tron has outperformed its peers over the years. Coin98 Analytics recently posted a tweet highlighting Tron’s growth in DeFi. Tron’s DeFi space is thriving Coin98 Analytics posted a tweet highlighting Tron’s journey in the DeFi ecosystem in 2023. According to the post,…
For example, I make the following request to the Electrum server: “id”: 0, “method”: “blockchain.estimatefee”, “params”: ( 1 ) I receive response: 0.00254405 Here we get the btc/kw speeds, but we need to convert them to sat/vbyte, so we do 0.00254405 * 1e8/1000/4 = ~64. However, in reality, this value does not change over time, whereas mempool.space displays a different value. What on earth am I doing wrong?
The Orbit Chain team, which suffered hacking losses estimated at over $81 million, commented on the details of the attack and where the funds were stored. The protocol team announced in a January 2 post on As of now, the stolen assets have not been moved.Our team is constantly monitoring stolen assets and we are committed to notifying our community when addresses associated with stolen assets take action.— Orbit Chain (@Orbit_Chain) January 2, 2024 “Our team is continuously monitoring stolen assets and we are committed to notifying our community when addresses associated with stolen assets take action.” Orbital Chain Announcement…
Shares of Coinbase and MicroStrategy surged about 6% and 9%, respectively, in pre-market trading this morning as Bitcoin surpassed $45,000 amid expectations of approval of a U.S. spot ETF.Coinbase shares rose 6.4% to $184.99 in early trading in the new year, after closing the year at $173.92. Coinbase shares are up 36% in the past month and nearly 420% in a year, according to TradingView. However, COIN is still around 46% below its all-time high of around $343 set in November 2021. COIN/USD price chart. Image: TradingView.Coinbase is currently valued at $32.4 billion, according to The Block’s data dashboard.Similarly, shares…