introduction Stablecoins are a type of cryptocurrency designed to minimize price volatility by pegging their value to a stable asset, such as fiat currency or a commodity such as gold. It offers the benefits of cryptocurrency, such as fast and cheap transactions, while also providing stability due to its fixed value. Types of stablecoins There are several types of stablecoins, including centralized, decentralized, and algorithmic stablecoins. Centralized stablecoins are issued and managed by a central authority, while decentralized stablecoins operate on a blockchain network without a central authority. Algorithmic stablecoins use algorithms to regulate the supply of coins and maintain…
Author: Crypto Flexs
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Over the past seven days, a lot of cash has left large Bitcoin funds. This may explain the decline in BTC and most other digital assets over the past week.Good news? Outflows from its largest fund, Grayscale, are now slowing, according to European digital asset manager CoinShares. Investors have been quickly redeeming Grayscale holdings since the product was converted to an exchange-traded fund (ETF) earlier this month. This led to a significant decline in the price of Bitcoin (BTC) as the fund moved the cryptocurrency to its custodian Coinbase. “Last week, outflows from Grayscale totaled $2.2 billion, but data shows…
The Theta network has generated interest in its own community. We have established a roadmap for 2024 centered on Edge Cloud. The hybrid cloud computing platform is inspired by collaboration between Network and Google to implement the best cloud and edge architecture. The roadmap consisted of two parts: H1 and H2. H1-2024 covers the first release of EdgeCloud, which includes four important developments: Hosted nodes managed by Theta, introducing the Elite+ Booster feature for EEN, hosting popular models including but not limited to Gen-AI and languages, and enabling virtual management combined with an operational dashboard. Theta Video API improvements are…
There is a significant shift underway in the ecosystem of illicit actors using cryptocurrencies. Bitcoin is no longer the asset of choice for criminals, according to a 2023 report from TRM Labs. In the report, “The multi-chain era has had a significant impact on the overall distribution of illicit cryptocurrency trading volume, with Bitcoin’s share plummeting from 97% in 2016 to 19% in 2022. In 2016, two-thirds of cryptocurrency hacks were on Bitcoin. In 2022, it accounts for less than 3%, with Ethereum (68%) and Binance Smart Chain (19%) dominating the field. Bitcoin was the exclusive currency for terrorist financing…
Stocks • January 29, 2024 10:26 AM EST Posted 1 minute ago In ~ Bitcoin mining company GRIID began trading today on the Nasdaq stock exchange under the ticker symbol “GRDI.”“Today marks an important milestone for GRIID as we begin trading in the U.S. markets,” GRIID CEO Trey Kelly said in a statement. “We believe listing on Nasdaq will enhance our visibility, liquidity, and expand our investor base as we continue to strengthen our market presence and strengthen our commitment to delivering shareholder value.”The listing follows GRIID’s merger with special purpose acquisition company Adit EdTech Acquisition Corp. on Jan. 2,…
According to on-chain data, one trader earned over $1.6 million in profits after participating early in one of the latest memecoin trends on the Solana (SOL) blockchain. As first reported by blockchain tracking firm Lookonchain, a trader made huge profits by taking a long position in Wen (WEN), a memecoin built on Solana. Lookonchain says the trader made $682,000 in USDC and has an additional $941,000 in unrealized profits still sitting in his wallet. “In just 14 hours, this trader made over $1.6 million trading MEME Coin WEN! He spent 125,500 USDC to buy 20 billion WEN when WEN opened…
Ethereum Insider and Former Advisor Steven Nerayov You recently mentioned your time working with the Ethereum founders. Vitalik Buterin and Joe Rubin. As part of his comments, Nerayoff used specific adjectives to describe the duo while also revealing what the two have done to undermine his reputation. “Fool” Vitalik and “Sociopath” Rubin A. Nerayoff is listed at X (formerly Twitter). post what he thought Vitalik was a “fool” And Rubin is a “sociopath.” He also questioned the former’s capabilities, saying that just because Vitalik is a “calculator” doesn’t mean it can build protocols. Meanwhile, Ethereum insiders believed Rubin was a…
Digital asset investment products saw significant outflows totaling $500 million last week. Analysis firm CoinShares released a report on the fund flow of cryptocurrency-based investment products from January 20 to January 26, 2024. According to available information, Grayscale Investments’ spot Bitcoin (BTC) ETF played a central role in the report. The amount of money outflow from cryptocurrency funds in one week exceeded $2.2 billion. At the same time, the total amount of assets withdrawn exceeded $5 billion. Source: CoinShares At the same time, financial giant BlackRock’s investment products continue to receive significant infusions, analysts say. Inflows over the past week…
January 29: SuiBanxa, a layer 1 blockchain and leading payment infrastructure provider for cryptocurrency-compatible economies, announced that it will add the SUI token to its platform. According to the team, “The integration will increase access to the Sui blockchain for users around the world, thanks to Banxa’s suite of global and local payment methods that have processed more than $3 billion in transactions since launching in 2014. Mysten also added that Labs’ Sui “The Wallet will provide users with the opportunity to purchase SUI tokens through Banxa’s fiat onramp solution and leverage the offramp solution once fully integrated.”Protocol Village protocolA…
Cryptocurrency airdrops are one of the best ways for a blockchain or protocol to invite new users to explore and use the platform. It’s a win-win scenario because users like you and me can interact with the platform and the platform rewards us with tokens. Now, the value of these tokens may not be that much at first, but as more users start using the platform, the trading of these tokens increases and their value increases. If it were up to me, I would dedicate an entire website to cryptocurrency airdrops. Because this is probably one of the easiest ways…