Posted 1 minute ago In ~ Decentralized finance company Sushi plans to launch a decentralized derivatives platform called Susa on Layer N, Ethereum Layer 2, which attempts to replicate certain aspects of centralization for decentralized platforms.According to the statement, Susa builders will be able to create custom applications on top of the exchange, from smart contract applications to full-scale rollups. It uses Layer N’s Nord Engine to enable thousands of transactions in less than a millisecond, with the ultimate goal of competing with centralized exchanges in performance. “Sushi is excited to partner with Layer N by combining our expertise to…
Author: Crypto Flexs
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introductionOver the past 15 years, cryptocurrencies have transformed from a niche digital curiosity into a mainstream financial force, captivating investors and tech enthusiasts alike. At the forefront of this digital revolution is the one and only Bitcoin (BTC)!Bitcoin has not only captured the imagination since its inception, but has also captured significant market value, becoming a barometer of the health and trends of the cryptocurrency industry.As we navigate the unpredictable waters of cryptocurrency, many people want to predict Bitcoin’s trajectory. Bitcoin (BTC) price history What will the price of Bitcoin (BTC) be in 10 years? Accurate predictions can be difficult…
The Biden Administration has intensified oversight on the U.S. bitcoin mining sector through an Energy Information Agency (EIA) emergency survey, portraying electricity usage by miners as a significant threat to national grid stability. This move, which demands detailed disclosures from miners, mirrors actions in Venezuela that led to mining confiscations, signaling a concerning trend towards a full registry of mining activities. The article advocates for the bitcoin mining community to unite against this overreach, emphasizing the positive impact miners have on grid stability through demand response programs. It critiques the EIA’s legal and procedural justifications, highlighting potential legal challenges and…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Chainlink (LINK) and Ethereum (ETH) are solid. LINK is already up 48% as ETH gains attention. Kelexo (KLXO), a new platform aimed at simplifying finance, has attracted more than 5,000 registrations. Chainlink Whale Accumulation LINK is up 48% since January 25th, surpassing Dogecoin (DOGE) and moving up the market capitalization rankings. Recent data from on-chain activity shows that whales have purchased $83.6 million worth of LINK over the past five days. Moreover, more LINK continues to move across exchanges.…
The rise of decentralized finance (DeFi) in Asia is a clear indicator of the region’s growing influence in the global financial landscape. According to recent data, DeFi accounted for 55.8% of Central Asia Offshore (CSAO) trading volume from July 2022 to June 2022, a significant increase from 35.3% the previous year. This jump of over 20% reflects the rapid adoption and expansion of DeFi in the region. Moreover, considering purchasing power, CSAO is also ‘dominant’. This is evidenced by the fact that six of the top ten countries by DeFi trading volume are located in the Asia Pacific region. These…
Franklin Templeton, a Wall Street magnate and asset manager, applied. Ethereum Spot Exchange-Traded Fund (ETF) after struggling to gain approval for the Bitcoin Spot ETF in early January. Asset Manager File for Spot Ethereum ETF Asset managers have been drawn to the Ethereum spot ETF since the U.S. Securities and Exchange Commission (SEC) approved a spot Bitcoin ETF. Franklin Templeton This is the latest manager to apply to the SEC to seek approval for this financial product. The asset manager’s move comes after the successful introduction of a BTC spot ETF. This is a notable step towards making more cryptocurrency…
Since the creation of Bitcoin (BTC), the largest cryptocurrency by market capitalization, the cryptocurrency industry has never had a dull day. There is always something happening in the market. Ethereum (ETH) exchange-traded funds, Pushd (PUSHD), and BlockDAG are making headlines today. While Ethereum is on the verge of ETF approval, Pushd has entered Phase 4 of pre-sale, pledging to become the top emerging cryptocurrency. Meanwhile, BlockDAG’s capabilities go beyond mere promises to instill trust and capture investor attention. Excitement reaches peak as Ethereum ETF approval approaches Nearly 80% of the top 100 digital assets showed small daily increases, indicating that…
Security remains a top concern in the decentralized finance (DeFi) market sector. These platforms have grown in popularity, offering unprecedented financial freedom and opportunity, making them attractive targets for cybercriminals. The question of whether some of the best DeFi projects could be compromised is very important. We cover a wide range of vulnerabilities, from smart contract flaws to governance weaknesses. One thing to prevent DeFi hacking Ronghui Gu, co-founder of blockchain security company Certik, provided BeInCrypto with valuable insight into the complex DeFi market. According to him, the basis for securing a DeFi platform is a thorough audit. “Audits can…
U.S. Treasury officials will explain to House members their concerns about cryptocurrencies being involved in illicit finance and ask for more authority to go after bad actors, according to testimony prepared ahead of a congressional hearing on Wednesday.“Treasury is deeply concerned about the use of virtual assets for any illicit financial activity,” said Brian Nelson, Treasury Undersecretary for Terrorism and Financial Intelligence. note Ahead of a House Financial Services Committee hearing focused on terrorism and illicit finance. Lawmakers in Washington are increasingly turning their attention to the illicit financing of cryptocurrencies. Senator Elizabeth Warren of Massachusetts has been pushing for…
Digital asset manager CoinShares said institutions have poured $1.1 billion into cryptocurrency investment products, a month after the U.S. Securities and Exchange Commission (SEC) approved a spot BTC exchange-traded fund (ETF). Yes. In its latest Digital Asset Fund Flows report, CoinShares found that there were over $1 billion in inflows into cryptocurrency investment products last week, with no signs of slowing down. “Digital asset investment products saw massive inflows totaling $1.1 billion, with annual inflows reaching $2.7 billion. Combined with recent price gains, total assets under management (AuM) stands at $59 billion, the highest level since early 2022.” Source: CoinShares…