Friends, From our team to you and yours, we hope everyone and their families are well and keeping safe during these complicated weeks. To help pass some time while we’re all stuck in doors, it’s time again to update the community on progress made by some of the EF-supported projects not covered in last week’s ESP Allocation Update. While the last Winter edition in this series was posted only a few months ago, we’ve all come a long way since the launch of the Istanbul network upgrade, and many teams have news to share. As always, these updates focus on…
Author: Crypto Flexs
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Posted 1 minute ago In ~ A U.S. bankruptcy court approved a settlement Tuesday between cryptocurrency lending company BlockFi and collapsed cryptocurrency hedge fund Three Arrows Capital, with details of the settlement being kept private.The grant effectively resolves the counterclaim. “It’s counterintuitive to require disclosure of settlement details,” said Judge Kaplan of the New Jersey Bankruptcy Court. Tuesday hearing. On Monday, the U.S. Trustee requested The judge released the details, arguing that the debtor did not have sufficient justification for withholding such information. BlockFi contaminated In January, there was a motion to seal the information, saying it contained “sensitive, non-public”…
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Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. In 2023, BNB fell 8.8%. However, there are predictions that the coin will recover in 2024, especially due to the upcoming Bitcoin halving. Meanwhile, Meme Moguls (MGLS) raised more than $2.1 million in presales. Binance prepares for Bitcoin halving Binance, the world’s largest cryptocurrency exchange, expects an increase in trading activity ahead of the Bitcoin halving. In turn, this could support the BNB price. Over the past 24 hours, BNB’s average daily trading volume increased 58% to $953 million.…
Crypto analyst and trader Ali Martinez said hundreds of thousands of Ethereum (ETH) are leaving cryptocurrency exchanges as holders accumulate the native asset of the leading smart contract protocol. Martinez says A 43,400 follower on social media platform “Over the past three weeks, nearly 510,000 ETH has been withdrawn from known cryptocurrency exchange wallets, with a total value of approximately $1.22 billion! These significant outflows indicate strength. Ethereum This reduces holder sentiment and potentially selling pressure in the market.“ Source: Ali Martinez/X The amount of Ethereum on exchanges reached a recent high of 14.4 million in December, but appears to…
Gitcoin, an open source funding platform, announced a strategic shift from funding public goods to focusing on grant infrastructure for the Ethereum ecosystem. The goal of this reorganization is to strengthen technology development within Ethereum and move from a flat organizational structure to a more defined “Labs” model to increase efficiency and direction. Gitcoin, a platform known for funding open source software, is undergoing a significant strategic restructuring to focus on providing subsidies specifically for the Ethereum ecosystem. This turning point marks a shift away from the original emphasis on financing public goods and towards a more technology-oriented approach to…
On Tuesday, the Solana blockchain suffered a significant disruption when it experienced an outage that halted block production for 4 hours and 46 minutes. This service outage is not the first for Solana, which is known for its high throughput and speed but has also come under scrutiny for its operational stability. Validators had to initiate a restart using updated software provided by Solana Labs, incorporating critical patches to address the underlying issues. The Solana Foundation has not yet released a comprehensive report detailing the cause of the outage. But insight shared A comment by Matthew Sigel, head of digital…
Oobit, a mobile cryptocurrency payment app, has closed a $25 million Series A funding round led by Tether, CMCC Global, Anatoly Yakovenko, and 468 Capital. Oobit, a mobile cryptocurrency payment app, successfully closed its Series A funding round, raising $25 million. This massive injection of funds is being led by Tether, the world’s largest stablecoin issuer. market capitalization, with notable contributions from CMCC Global’s Titan Fund, 468 Capital and Solana co-founder Anatoly Yakovenko. This round of funding marks a pivotal moment in Oobit’s journey, bringing the total capital raised by the company to $33 million, considering its previous $8 million…
To prevent this, Eigenlayer, an Ethereum Layer 2 protocol that allows you to “re-stake” staked Ether (ETH) to provide security to other blockchains, temporarily lifts the initially set limit and then sets the TVL (total fixed value) has almost doubled. Prevents networks from becoming too centralized.According to data site DeFiLlama, Eigenlayer’s TVL surged from $2.16 billion to $3.84 billion in just 24 hours after the protocol removed limits on certain types of tokens on Monday. This surge was primarily fueled by stETH, a liquid staking token issued by Lido, which accounted for $560 million of new deposits.Eigenlayer introduced limits last…
The Securities and Exchange Commission (SEC) voted to adopt rules that would require market participants with a significant liquidity provider role to comply with federal securities laws.The SEC voted 3-2 to adopt the rulemaking at its meeting Tuesday, and the proposed 194-page form included one mention of cryptocurrencies in a footnote. The 247-page rule adopted Tuesday applies to those trading cryptocurrency assets that meet the definition of securities or government securities, unless they have less than $50 million in assets. According to the rules adopted, these will have implications for decentralized finance. “If an individual’s trading activities in crypto-asset securities,…