January 18, 2024 TrueUSD (TUSD) blames Binance lunch pool mining activities Depegging In ~ X. It says, Regular attestations are part of standard operations, and any claim otherwise is incorrect. We have recently observed community mining activity around Binance Launchpool, creating short-term arbitrage opportunities. Recently, the peg of TrueUSD (TUSD) has received a lot of attention in the cryptocurrency community. This event was closely tied to the activity on the Binance Launchpool and saw the value of TUSD fall below the $1 peg to $0.97. On January 15, 2024, a significant sell-off of TUSD was observed on the cryptocurrency…
Author: Crypto Flexs
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tl;dr Eth2 Workshop: Eth1+Eth2 Merging and Sharding Last week, the EF eth2 research team hosted an online workshop focused on two major upgrades planned for beacon chains: eth1+eth2 merging and sharding. We heard dynamic presentations, Q&A, and discussions from eth1 and eth2 client developers and researchers from across the stack. These sessions, including talks by Dankrad, Vitalik, Mikhail and Guillaume, have all been live-streamed and are available to watch! Here’s a quick look at all the grants announced this week. Staking Community Grant Round. This was a huge success that showcased many great projects! We are very excited to watch…
Bitcoin price extended its decline below the $41,450 support level. BTC is showing bearish signs and may struggle to stay above the $40,000 support area. Bitcoin price is gaining bearish momentum below the $42,500 area. The price is trading below $42,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming with resistance near $42,100. The pair is now at risk of further downside towards the $40,000 support. Bitcoin price rise bearish momentum Bitcoin price failed to begin a recovery above the $43,250 resistance zone. BTC formed…
Investment giant BlackRock has adopted a noticeably subdued advertising strategy for its iShares Bitcoin Trust ETF (IBIT). This contrasts with the more flashy approaches taken by other Bitcoin ETF issuers. BlackRock’s first IBIT video ad, released on January 11, features a brief, nearly two-minute presentation by Jay Jacobs, the company’s head of U.S. thematic and alternative ETFs.Targeting the affluent boomer marketThe simplicity of the ad and its lack of cryptocurrency jargon or flashy images appears to be a strategic move to attract the attention of more mature and affluent boomers. Bloomberg ETF analyst Eric Balchunas pointed to the ad’s calm…
As the world’s second-largest economy is expected to drive growth in the nascent industry, China has formed a working group to drive standardization in the metaverse sector.The Ministry of Industry and Information Technology (MIIT) stated as follows: To find out It said on Friday that it had formed a working group comprised of government, academic and business representatives. Members of the working group include members of Chinese tech giants such as Huawei, Ant Group, Tencent, Baidu, NetEase and Sense Time.The creation of the task force comes as the country hopes to establish industry standards for the metaverse sector. MIIT said:…
Centralized cryptocurrency exchange Bitget has appointed Vugar Usi Zade as its new Chief Operating Officer (COO). in podcast Today, Usi Zade said he wants to lead Bitget’s expansion into new markets, with a focus on regions such as Latin America, the Middle East and Africa. His role will also be key to strengthening the company’s presence in Southeast Asia and Europe. At Bitget, Usi Zade’s responsibilities include leading the go-to-market team and driving strategic expansion efforts. His appointment is a strategic step for Bitget as it aims to strengthen its global presence and influence within the broader cryptocurrency ecosystem. The…
According to a preliminary excerpt from the Chainalysis report, which will be released in full in February, the amount of cryptocurrency stolen through fraud last year fell by almost a third compared to 2022. Overall illicit profits have fallen by more than 54%, according to the blockchain analytics firm.According to Chainalysis, stolen cryptocurrencies accounted for 0.34% of all on-chain transactions in 2023, totaling $24.2 billion, compared to 0.42% or $39.6 billion in 2022. The 2023 total includes funds sent to company addresses identified as “illegal” and funds stolen through hacking.Image: ChainalysisChainalytic noted that the 2022 figure was much higher, with…
If you’re looking for new investment opportunities, look no further than GrandCoin. This emerging cryptocurrency has the potential to deliver impressive returns, but many investors are still unaware of its hidden potential. In this guide, we’ll learn more about GrandCoin and show you how you can maximize your returns by investing in this exciting digital asset. What is Grand Coin? GrandCoin is a decentralized digital currency that operates on a peer-to-peer network that uses advanced cryptography to secure transactions and control the creation of new units. Like other cryptocurrencies, GrandCoin has no central authority or government support. This means they…
Solana is falling from the $120 resistance level. SOL price is showing some signs of weakness and may decline sharply towards the $80 support. SOL price started a new decline from the $120 resistance against the US dollar. The price is currently trading below $102 and the 100 simple moving average (4-hours). On the 4-hours chart of the SOL/USD pair, there is a major contraction triangle with resistance forming near $102 (data source from Kraken). The pair may continue to decline towards the $85 support level or even $80. Solana Price Faces Uphill Challenge After a steady increase, Solana bulls…
The cryptocurrency industry is a dynamic and ever-evolving place where antique and new tariff exchanges are being created. In 2024, cryptocurrencies Dogecoin (DOGE) and Pandosi (PAMBO) attracted attention. Each has a distinct history and quality, but all are closely monitored for potential financial gain. Pandosi (ORN) Emerging as a new and exciting player in the DeFi space, Pandoshi is quickly gaining attention from investors looking for dynamic investment opportunities. This advanced ecosystem was created to combine the benefits of decentralized finance with the trust and openness of traditional financial systems. Pandoshi’s platform is backed by a variety of decentralized features,…