Posted 1 minute ago In ~ A federal judge has approved a settlement between cryptocurrency exchange Binance and the Commodity Futures Trading Commission. It comes a month after the former CEO of a cryptocurrency exchange pleaded guilty to charges related to anti-money laundering violations.Under the agreement, former CEO Changpeng Zhao must pay $150 million, one-third of which must be paid within the next 30 days, Judge Manish Shah of the U.S. Northern District Court said. This was done according to an order signed on December 14. Illinois. According to the order, Binance must pay a fine of $1.35 billion to…
Author: Crypto Flexs
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IPOR protocol (Inter Protocol Over-block Rate) consists of two parts: the IPOR index and the automated market maker. The index acts as an interest rate benchmark, aggregating lending and borrowing rates across multiple DeFi lending platforms to provide an objective view of current market conditions. The logic is off-chain. To access the index, users must call the IPOR Oracle contract. The second part is the IPOR automated market maker. Unlike standard AMMs, IPOR AMMs allow users to open and close swaps and speculate on interest rates. A swap can be opened in two directions: Paying a fixed interest rate and…
Tel Aviv, Israel – Fuse Network, a leading layer 1 blockchain player specializing in scaling Web3 payments, has joined forces with globally acclaimed blockchain technology company Polygon Labs in a groundbreaking collaboration. Fuse is embarking on an ambitious journey to create a revolutionary Ethereum-based Zero Knowledge (ZK) Layer 2 (L2) network by leveraging the powerful capabilities of the Polygon Chain Development Kit (CDK). The ZK-based Layer-2 network will become Fuse’s new native platform, providing users and developers with access to the world’s most popular blockchain ecosystem. FUSE, its native utility token, will be the designated token to cover gas fees…
The decentralized wireless network altcoin on the Solana (SOL) blockchain is soaring amid two major consumer-focused events. Decentralized finance (DeFi) communications project Helium Mobile (MOBILE) has risen 60% in the past 24 hours from Sunday’s low of $0.0042 to $0.0067 at the time of writing. The sudden surge occurred due to the Helium Mobile project. presentation Earlier this week, the outdoor hotspot device, which allows consumers to participate in building network coverage while earning mobile tokens as rewards, sold out. “The outdoor hotspots are sold out. But don’t worry. Indoor hotspots are still available… helium mobile presentation Earlier this month,…
Are you still obsessed with holiday shopping? BitPay’s gift card products attract top brands and retailers to the cryptocurrency community and provide consumers with a fast, convenient and secure way to spend cryptocurrency as easily as cash. While thousands of merchants around the world accept direct cryptocurrency payments using BitPay, cryptocurrency-backed gift cards provide an alternative for consumers who don’t. Gift cards from over 100 brands and retailers can be purchased through BitPay, making holiday shopping fun and providing a seamless experience for cryptocurrency customers. Crypto customers have the flexibility to gift gift cards directly or use them to purchase…
Fuse Network Launches ZK-Based Layer-2 Using Polygon CDK – Chainwire housenewsroomZK-based Layer-2 launched using Polygon CDK via Fuse Network We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the…
Helium Mobile’s cell service runs on a mix of privately hosted T-Mobile towers and Helium’s own hotspots. These hotspot operators receive MOBILE tokens as payment, as do phone subscribers who opt into Helium Mobile’s location tracking service, which theoretically helps guide new hotspots where to go.
The deal with Hut 8 comes after Chelsea recently received approval from the bankruptcy court to convert into a Bitcoin mining company that will be run solely by its creditors. Bitcoin (BTC) mining company Hut 8 has entered into a temporary agreement with bankrupt cryptocurrency lender Chelsea Network to build and deploy a new mining facility in Cedarvale, Texas. This collaboration is a key element of Chelsea’s ongoing insolvency proceedings, which are designed to foster positive relationships with creditors, potentially through financial agreements or equity arrangements. Hut 8 to build new cryptocurrency mining facility Hut 8 has been selected to…
Posted 1 minute ago In ~ BlackRock’s proposed spot Bitcoin ETF has been named IBIT, according to an amended S-1 filing with the Securities and Exchange Commission (SEC) on Monday. The updated filing also includes new details about the creation and redemption mechanisms the fund will use, which was the subject of a recent meeting between BlackRock and SEC officials. “The trust issues and repays baskets on an ongoing basis,” according to the filing. “These transactions will be conducted in cash. Subject to spot regulatory approvals, these transactions may also be conducted in Bitcoin.”Ark 21Shares and WisdomTree also filed amended…
STX (STX) price has surged 16% in the past 24 hours, hitting levels last seen in March. The Bitcoin layer for smart contracts has seen a significant surge in inscriptions, with a single block recording over 10,000 transactions. Smart contract support Stacks (STX), a layer 2 network that aims to unlock the Bitcoin economy, has surged more than 16% in the past 24 hours. The price of the stack rose to $1.19 across major exchanges, according to market data from CoinGecko. STX’s market capitalization has risen to over $1.7 billion, and the last time STX traded at this level was…