Bitcoin sidechain MicroVisionChain (MVC) developers have unveiled the BRC-20 decentralized exchange (DEX) as part of its roadmap for Q1 2024.Jason Kwok, MVC’s chief operating officer, claimed in an interview with Cointelegraph that the sidechain had developed a “1:1 mapping relationship” with Bitcoin. “This essentially creates a parallel version of Bitcoin assets like BRC-20 on MVC,” Kwok said. The bridge will allow users to swap BRC-20 token assets on MVC sidechains, allowing for high transaction rates. He explained that gas can be bypassed. This is the fee required to deploy a decentralized application (DApp) on the Bitcoin mainnet.“MVC shares the same…
Author: Crypto Flexs
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U.S. Senator Elizabeth Warren (D-Mass.) has called for updating the country’s bank secrecy laws to address the “threat” from cryptocurrencies.“What we have to do is we have to update it again because there are new threats,” Warren said. CNBC Squawk BoxThey claim that cryptocurrencies are used to finance terrorism and drug trafficking.She added that North Korea used cryptocurrency to pay for about half of its nuclear weapons program, repeating claims she made at a Senate Banking Committee hearing earlier this week. “We cannot allow that to continue,” she said.Warren took to Twitter to call for greater oversight of the cryptocurrency…
Cryptocurrency Selloff Causes Mass Liquidations, SpaceX Reduces Crypto Holdings, and Does President Trump Have a Secret Crypto Wallet? This week we bring you these stories and more in cryptocurrency. Mass liquidation due to cryptocurrency sale Bitcoin plunged to its lowest price since June, and as the market decline widened, cryptocurrency prices fell worse than stocks. The widespread risk-off sentiment led to major tokens such as Ether, Binance’s BNB, Cardano’s ADA and Solana’s SOL token all falling 10%. The decline was further compounded by sudden mass liquidations, with more than $1 billion liquidated in 24 hours. Musk’s SpaceX decreases cryptocurrency holdings…
GameStop gives its CEO complete control to purchase shares from the company’s cash book, but analysts have raised serious red flags about this. Gaming retailer GameStop Corp (NYSE: GME) is changing its approach and allowing CEO and Chairman Ryan Cohen to take more control during these difficult times. This includes the ability to purchase new shares using the company’s cash. In its quarterly report released Wednesday evening, GameStop disclosed two revisions to the company’s investment strategy. The first is that the company’s cash can be used to acquire stock rather than short-term debt. The second is that Cohen is responsible…
Renowned cryptocurrency detective ZachXBT shared his analysis of unique and unconventional uses for important cryptocurrency funds. According to his investigation, unidentified individuals withdrew more than 11,200 ETH worth approximately $25 million from Tornado Cash, a cryptocurrency tumbler known for its privacy features. This large sum was primarily used to purchase trading cards for Magic: The Gathering (MTG), a popular collectible competitive card game. ZachXBT meticulously tracked the flow of these funds, revealing a complex process involving multiple steps. The individual involved first withdrew 100 ETH in batches from Tornado Cash to a total of 11 different addresses. The ETH was…
In a recent appearance on CNBC’s Squawkbox Newsmaker, U.S. Senator Elizabeth Warren expressed strong concerns about the impact of cryptocurrencies on the global environment. Senator Warren classified cryptocurrencies as a serious threat, linking them to a variety of illegal activities, including terrorist financing and drug trafficking.Warren’s views reflect broader concerns about the unregulated nature of cryptocurrencies. She specifically pointed to the use of digital assets by criminals and terrorists, referencing claims that North Korea is relying on cryptocurrencies to finance its nuclear weapons program. This view is consistent with JPMorgan CEO Jamie Dimon’s deep opposition to cryptocurrencies.The U.S. government appears…
Bitcoin (BTC) struggled to stay above $43,000 until December 8 as altcoin surges put Ether (ETH) in the spotlight.BTC/USD 1-hour chart. Source: TradingViewAs Bitcoin gains liquidity, ETH and SOL strengthen.Data from Cointelegraph Markets Pro and TradingView shows that BTC price consolidation is underway, with ETH/USD adding up to 7.6% in about 24 hours.Bitcoin, which hit a 19-month high of $44,490 earlier this week, has now stumped market participants with both ETH and Solana (SOL) gaining attention.$BTC Binance Spot It looks like the bids have been sold and filled.Delete the appropriate OI here (Binance / Bybit Open Interest & Delta) https://t.co/DkWuLfD5gx…
American fitness brand Reebok has begun collaboration with Web3 startup Futureverse. According to an Details of the collaboration were not revealed, but Futureverse revealed that the Reebok-focused venture will debut in 2024, featuring “a poignant digital footwear experience that will enable mass consumers to dive into artificial intelligence and digital wearables.” do. Daniel W. Dienst, senior vice president of Tactical Opportunities at Reebok’s parent company, Authentic Brands Group, said in comments to WWD that the two companies want to “redefine the intersection of fashion, technology and culture” through new products. He added that this marks a “pivotal moment in the…
Our privacy policy, Terms of Use, cookie, and Do Not Sell My Personal Information has been updated.CoinDesk is a leader in news and information about cryptocurrencies, digital assets and the future of money. award-winning We are a media outlet that pursues and adheres to the highest standards of journalism. Strict editorial policy. November 2023, Acquired CoinDesk Bullish Group Owner Bullish is a regulated institutional digital asset exchange. Bullish Group owns the majority of: Block One; both groups understanding It has various blockchain and digital asset businesses and a significant portion of digital assets, including Bitcoin. CoinDesk operates as an independent…
Bitcoin is a volatile asset whose price changes frequently. As a new cryptocurrency investor, it is important to understand what is causing these changes and how they will affect the way you trade. buy bitcoin. Bitcoin is a decentralized asset, meaning its distribution is not controlled by central banks or governments. Also, because it is not a corporation, it is not subject to stock market control. So what is responsible for the notable highs and lows of the cryptocurrency market? How can you predict price changes and how will this affect your trading journey? This article covers it all. Let’s…