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…
Author: Crypto Flexs
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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…
Posted 1 minute ago In ~ The General Government Subcommittee of the Senate Finance and Appropriations Committee recommended a consolidated funding allocation of $39,240 for two new fees for cryptocurrencies and artificial intelligence.The Blockchain and Cryptocurrency Council, which is responsible for researching distributed ledger technology and expanding its use within the state, will receive $17,192 in general funds in 2025 and 2026. The AI-focused “Communications, Technology and Innovation Committee” will receive greater funding. $22,048 during the same period.The proposed allocation comes as part of a larger $23.6 million allocation proposal to various departments.Virginia’s Favorable Crypto Mining ProposalEarlier this month, the…
Decentralized cryptocurrency exchange FixedFloat has revealed that it was hacked, causing the platform to lose $26 million worth of Bitcoin (BTC) and Ethereum (ETH). The blockchain security company confirmed that the attackers have already started laundering money through several cryptocurrency exchanges such as eXch.cx and HiTBTC. Check out the hack at FixFloat The FixFloat team confirmed the hack on February 18 after several blockchain investigators noted suspicious transactions and fund movements. In a post about X, the decentralized exchange declined to comment publicly on the matter. “We confirm that there was indeed a hacking and theft of funds. We are…
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, as veteran trader Peter Brandt and cryptocurrency industry figures voice doubts about his ability to protect investors and effectively regulate the fast-growing digital asset market. Gensler) interest is growing more and more. Brandt, known for his outspoken views and market expertise, began his public criticism of Gensler, specifically citing his involvement in the MF Global and Peregrine Financial bankruptcies. He alleges that Gensler, then chairman of the Commodity Futures Trading Commission (CFTC), failed to prevent commingling of customer funds in both cases, putting investors at risk. Past Survey: MF Global Bankruptcy…
RHUNA begins to revolutionize the events and entertainment industry with fintech innovation – Chainwire housenewsroomRHUNA begins to revolutionize the event and entertainment industry with fintech innovation We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with 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 a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical…