Caroline Bishop October 16, 2024 12:28 BNB Chain announces its final sunset plans for the BNB Beacon Chain and urges asset holders and exchanges to migrate their assets to the BNB Smart Chain before mid-November to avoid losses. The BNB Chain community has announced plans for the final sunset of the BNB Beacon Chain, scheduled for mid-November. According to the BNB Chain blog, validators will cease operations and stop all new transactions on the BNB Beacon Chain. This decision is part of the strategic BNB Chain convergence, which aims to increase network efficiency and…
Author: Crypto Flexs
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Bitcoin (BTC) is up about 9% this week, indicating strong buying momentum. The upward move faces resistance near $69,000, but bulls are in no hurry to exit their positions. This means buyers are expecting the rally to expand further.Trading firm QCP Capital told subscribers of its Telegram channel that rising U.S. stock markets and a weakening trend in the Japanese yen are likely to increase sentiment about risk leading into the U.S. election. This will “push risk assets higher and support the Uptober narrative,” the company added.Daily view of cryptocurrency market data. source: Coin360Another positive impact for Bitcoin is that…
The Lido Community Staking Module (CSM) is a permissionless module that allows community stakers to run Ethereum validators with a low cost of entry. Stakers provide stETH bonds that act as security collateral and receive rewards in the form of bond rebasing and staking rewards (including execution layer rewards) that are socialized across Lido’s staking module. Lido Staking Router (SR) V2 is a component that utilizes a modular design to support staking modules such as CSM. Ackee Blockchain Security has assigned two specialized teams to audit Lido CSM updates. One team focused on the Community Staking Module (CSM) and the…
New data from market intelligence firm Santiment hints at a potential correction for popular dog-themed memecoins Dogecoin (DOGE) and Shiba Inu (SHIB). The cryptocurrency analytics platform said in a new thread on social media platform According to Santiment, traders are flocking to DOGE and SHIB due to fear of missing out (FOMO), which could cause the altcoins to print local highs. “As people anticipate Bitcoin’s imminent $70,000 outflow, traders are doubling down on the highly leveraged speculative meme coin, with discussion rates reaching their highest level in five months. Meanwhile, layer 2 like Arbitrum and Optimism are being ignored. Speculative…
Darius Varu October 16, 2024 13:02 Take a look at the potential impact of the 2024 US presidential election on cryptocurrency markets, as analyzed by Bitwise Investments. Understand the key questions investors should consider this political season. The upcoming 2024 US presidential election is expected to have a significant impact on the cryptocurrency sector, according to a recent analysis by Bitwise Investments. As the political season heats up, investors are keenly watching how the election results could impact the digital asset landscape. Political Impact on Cryptocurrency Regulation Regulatory clarity remains a top concern for…
YouTuber Coffeezilla is going back and forth over Andrew Tate’s transition from cryptocurrency commentator to meme coin promoter. The YouTuber, whose real name is Stephen Findeisen, previously ran a clip of Tate describing himself as a cryptocurrency skeptic. Coffeezilla also cited a quote in which Tate appears to have no interest in releasing coins or exploiting fans. “I love cryptocurrency Twitter. Because cryptocurrency Twitter is full of the biggest corrupt losers on the planet.” Tate once said that cryptocurrencies provide “zero” benefit to society. See below. “Cryptocurrency is the only scenario where you can make a lot of money while…
In a new blog post titled “Possible Futures of the Ethereum Protocol, Part 2: The Surge,” Ethereum co-founder Vitalik Buterin describes Ethereum’s transaction processing capacity across Layer 1. It outlined an ambitious roadmap that aims to scale beyond 100,000 transactions per second (TPS). (L1) and layer 2 (L2) solutions. Known as “The Surge,” the plan seeks to improve scalability while maintaining decentralization and security. Buterin began by reflecting on Ethereum’s initial scaling strategy, which included sharding and layer 2 protocols such as state channels and plasma. He wrote that initially, Ethereum had two expansion strategies on its roadmap. It refers…
According to analysts, SOL could rebound amid the new memecoin craze on the chain. However, SOL was in a key near-term supply zone at press time. Will it be erased? New memecoin speculation Solana (SUN) It can increase the long-term value of altcoins. Ryan Watkins, co-founder of cryptocurrency VC firm Syncracy Capital and former Messari researcher, argued that Solana’s memecoin moat could boost its upside, citing the recent craze surrounding the AI-generated GOAT token. that stated, “I don’t really care if memecoins are a new religion or if AI agents actually start an on-chain cult. All I know is that…
Yorg Healer October 16, 2024 13:42 The Ethereum Foundation’s 2024 Translatathon saw a 50% increase in contributors, translating 2.53 million words into 70 languages, expanding Ethereum’s global reach. The Ethereum Foundation has successfully concluded its 2024 Translatathon, achieving an important milestone in its mission to make Ethereum content accessible in multiple languages. According to the Ethereum Foundation Blog, this year’s event saw 327 contributors translate 2.53 million words into 70 languages. Understanding the Translatathon Translatathon is an annual translation competition aimed at increasing the availability of non-English Ethereum content. Open to anyone who is…
Tether’s US dollar-denominated stablecoin has surpassed $120 billion in market capitalization for the first time, signaling a potential cryptocurrency rally.The USDt (USDT) of Tether, the world’s largest stablecoin, surpassed $120 billion on October 20, according to the Tether website, which provides real-time updates on stablecoin supply.Tether tokens are in circulation. Source: Tether.toStablecoins are the main gateway between the worlds of fiat and digital assets. Increasing stablecoin supply is often used as a signal to predict an upcoming bull rally. This is because it suggests that investors are investing in stablecoins before investing in cryptocurrencies.An increase in USDT supply could help…