Iris Coleman July 31, 2024 14:10 BNB Chain announced the integration of Reth to diversify the execution clients of BNB Smart Chain and opBNB and enhance security, efficiency, and decentralization. BNB Chain has announced that it is diversifying the clients running on the BNB Smart Chain (BSC) and opBNB networks by integrating Reth, a Rust-based full node implementation of the Ethereum protocol. According to the BNB Chain Blog, this move aims to enhance the security, efficiency, and decentralization of the network. Current Customer Environment Currently, BNB Smart Chain mainly uses Geth and Erigon clients,…
Author: Crypto Flexs
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Rekt Capital, a prominent cryptocurrency analyst, suggests that Bitcoin (BTC) has reached a point in its market cycle where it has historically experienced a surge. The anonymous analyst tells his 483,000 followers on social media platform X that BTC is at a major turning point, similar to what has unfolded in previous chapters of Bitcoin’s history. Rekt Capital’s chart shows that BTC is forming a parabolic pattern right after it has clearly broken its previous high. “Bitcoin. We are here (green circle).” Source: Rekt Capital/X The analyst said that after bouncing back from $65,000, Bitcoin has officially established that level…
Icebreaker, co-founded by Coinbase and Google veterans Dan Stone and Jack Dillé, has raised $5 million in seed funding at a $21 million valuation to expand its team and build a blockchain answer to LinkedIn.According to a statement released on Wednesday, CoinFund led the fundraising, with participation from Accomplice, Anagram, and Legion Capital. The project wants to be “the world’s first open professional network” founded on the belief that people’s digital identities should not be owned by a single entity like LinkedIn.“One of the next big use cases for crypto is developing a native social graph that applications can leverage.…
Cryptocurrency exchange Bitbank is preparing for an initial public offering (IPO) on the Tokyo Stock Exchange, becoming the second Japanese cryptocurrency exchange to seek regulatory approval for a listing. Japanese cryptocurrency trading platform Bitbank Inc. is pursuing an IPO as part of a strategy to expand its market presence by taking advantage of the growing interest in digital assets in Japan. According to a regulatory filing released today, July 31, the trading company is pursuing a listing on the Tokyo Stock Exchange, but the timing and specifics of the offering remain uncertain as regulatory approvals and other procedural requirements apply.…
Peter Zhang July 31, 2024 11:58 The Hong Kong Monetary Authority (HKMA) reported that mortgage applications fell by 17.2 per cent in June 2024, while loan approvals also fell significantly. The Hong Kong Monetary Authority (HKMA) has released its mortgage loan survey results for June 2024, revealing a significant decline in mortgage loan applications and approvals. According to the report, the number of mortgage loan applications fell by 17.2% month-on-month to 6,690. Mortgage loan approvals decline Mortgage loans approved in June totalled HK$24.5 billion, down 22.5 per cent from May. Of these, primary market…
Market sentiment towards XRP has turned bullish, with the price up 7% in 24 hours. If the price continues to rise, XRP could potentially reach $0.69 in the coming weeks. The entire cryptocurrency market has recently taken a downward turn. Bitcoin (BTC) The chart remains red as well. However, Ripple (XRP) Separated from the rest, it energizes the community. Let’s take a closer look at why XRP is up today. bullish takeover Bitcoin, the king of cryptocurrencies, has seen a minor correction in the past 24 hours. Meanwhile, XRP bulls have surprised investors as the alt-coin has surged by more…
Bitcoin (BTC) is making lower highs as sellers thwart attempts to break its all-time high, and traders are now paying attention.BTC/USD 1-hour chart. Source: TradingViewBTC Price Drifting “Into Nowhere”According to data from Cointelegraph Markets Pro and TradingView, the ceiling for the July BTC price rebound will most definitely be set around $70,000.Bitcoin bulls may be hoping for nothing more than a rematch of March’s all-time high of $73,800, but sellers have held the upper hand since then.Now traders are watching BTC/USD decline as this phenomenon occurs multiple times, each time maintaining a 5-month trading range.For popular trader Daan Crypto Trades,…
Grayscale Mini Version of Grayscale Investment Bitcoin Bitcoin -0.53% Trust (GBTC) began trading on Wednesday, shortly after receiving approval from the U.S. Securities and Exchange Commission. According to a statement released by Grayscale, the spot Bitcoin exchange listing product began trading at 4 a.m. ET on Wednesday after the registration statement became effective. The SEC Approved Last week, Form 19b-4 for that product came out. “We think there’s going to be a lot of interest from investors looking for really cheap exposure to bitcoin,” Zach Pandl, Grayscale’s head of research, told The Block. “We’re a customer-centric organization and we’re trying…
Blackbird Labs, a hospitality tech startup founded by Resy and Eater co-founder Ben Leventhal, announced on July 30 that it has launched a Web3 payments platform for restaurants called Blackbird Pay. According to a statement, the platform, built on Blackbird’s new blockchain network, Blackbird Flynet, will offer restaurants “a way to address the ever-growing challenges of shrinking margins and eroding cash reserves by providing the first-ever, fully-fledged end-to-end payment and check clearing network.”Related: Futurama Can’t Stop Mocking Cryptocurrencies and BlockchainBlackbird Pay is designed to speed up checkout times and reduce transaction costs for restaurants to an average of about 2%…
In 2024, the biggest target for cryptocurrency hackers will be centralized financial institutions (CeFi).According to Dedi Ravid, co-founder and CEO of Web3 security firm Cyvers, more than 70% of funds lost in cryptocurrency hacks are stolen from CeFi institutions.The CEO told Cointelegraph that CeFi entities account for around 70% of incidents, both in terms of lost funds and number of exploits.“(CeFi) accounts for about 70% of the incident environment. However, attacks on smart contract-based projects are on the rise. The biggest security vulnerabilities today come from code and personal carelessness.”According to a statement shared with Cointelegraph, Cyvers announced that it…