Bitcoin (BTC) network activity has hit a three-year low amid growing “lack of interest” in the cryptocurrency market.On-chain analytics platform CryptoQuant warned of a new bearish trend in the BTC price in one of its Quicktake blog posts on September 4.Bitcoin Transaction Count Drops Nearly 400,000 Per DayAccording to the data, Bitcoin trading volumes have declined as a result of months of sideways trading in the BTC price.In mid-March, when BTC/USD was at its recent all-time high in USD terms, the number of daily active addresses was nearly 1.2 million.The number currently stands at just 838,000, compared to the recent…
Author: Crypto Flexs
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Ronaldo is a seasoned crypto enthusiast dedicated to the emerging and ever-evolving industry. With over 5 years of extensive research and unwavering dedication, he has developed a keen interest in the world of cryptocurrencies. Ronaldo’s journey began with curiosity, which soon turned into a deep passion to understand the intricacies of this groundbreaking technology. Driven by his insatiable thirst for knowledge, Ronaldo delves deep into the cryptocurrency space, exploring aspects ranging from blockchain fundamentals to market trends and investment strategies. His constant exploration and dedication to staying up to date with the latest developments has given him a unique perspective…
Robinhood’s crypto division has settled an investigation into its past practices of not allowing customers to withdraw their crypto from 2018 to 2022, with a $3.9 million fine.at name The California Department of Justice announced Wednesday that Attorney General Rob Bonta has secured a $3.9 million settlement with Robinhood Crypto, which the investigation found resulted in customers being unable to withdraw their cryptocurrencies and having to sell them back to Robinhood in order to exit the trading platform.The California Department of Justice said, “Robinhood misled customers by advertising that it would connect customers to multiple exchanges to ensure they received…
Binance plans to launch Solana staking service by the end of September. SOL prices reacted minimally amid overall weak market sentiment. BinanceThe world’s largest cryptocurrency exchange has launched a new staking service. Solana (SUN)It is scheduled to debut at the end of September. Recently press releaseBinance will allow users to stake SOL and receive rewards in the form of Binance Staking SOL (BNSOL), a liquid staking token (LST). According to Vishal Sachendran, Regional Markets Director at Binance, the staking service will provide a seamless way to earn rewards. ‘As one of the first cryptocurrency exchanges to offer SOL liquid staking,…
Felix Pinkston Sep 5, 2024 06:24 BNB Chain has launched a $300,000 TVL#4 incentive program to encourage DeFi growth. Projects can compete in staking and TVL challenges. BNB Chain has announced the launch of the BNB Chain TVL#4 Incentive Program, a new initiative aimed at accelerating the growth of the decentralized finance (DeFi) ecosystem on the platform. According to the BNB Chain Blog, the program features a total prize pool of up to $300,000, incentivizing projects to expand their total locked value (TVL) and participate in staking challenges. Program Structure The TVL#4 incentive program…
Alex Blania, CEO of Tools for Humanity, said in a group interview during the Korea Blockchain Week 2024 event in Seoul on Wednesday: World Coin World +1.89% We are currently focused on mass distributing the iris scanning “sphere” to scale the project and make it more useful.“I think fundamentally, similar to other networks like PayPal or Facebook that have emerged over the past few decades, they only become useful once they get to scale,” Blania said. “So what we care about now is global distribution and the number of users who are verified and using the service.”Worldcoin is It is…
EigenLayer’s developer, Eigen Labs, has deployed a “major update” to its restaking protocol aimed at “making native (Ether) restaking on EigenLayer easier and more rewarding,” according to a September 4 blog post.This upgrade is designed to improve the performance of so-called EigenPods, EigenLayer’s re-staking smart contracts for Ether (ETH) staked on Ethereum’s Beacon Chain, and is designed to give users greater flexibility when harvesting or reinvesting their staking rewards. “EigenPod users can now re-stake beacon chain ETH rewards on top of their existing EigenPod balance by completing a checkpoint,” Eigen Labs said. “Beacon chain rewards are automatically re-staked to EigenLayer,…
Tony Kim Sep 5, 2024 04:28 Hear from Co-Founder Hugo Philion about the decentralized oracle ecosystem and how Flare Network aims to revolutionize it. In a recent episode of the Public Key podcast, Flare Network Co-founder and CEO Hugo Philion shared insights into the decentralized oracle ecosystem and the innovative solutions his company brings to the table. The discussion, moderated by Chainalysis’ Chief Marketing Officer Ian Andrews, delved into Flare Network’s technical architecture and its approach to improving oracle data security and cost efficiency. Oracle Data Security Innovations Filion highlighted the dire need for…
Zürcher Kantonalbank (ZKB) now offers Bitcoin and Ethereum transactions via ZKB eBanking and mobile banking. The bank will be working with Crypto Finance AG to use Fireblocks for secure storage. This service is only available to Swiss residents who have signed the required contract. Zurich Kantonalbank (ZKB), the fourth-largest bank in Switzerland, known locally as Zürcher Kantonalbank, has taken a big step into the cryptocurrency space by launching Bitcoin (BTC) and Ethereum (ETH) trading services. The development, announced on September 4, marks a major milestone in the mainstream adoption of digital currencies by traditional financial institutions. ZKB has collaborated with…
Donald Trump has gained a bigger lead over Kamala Harris in a Polymarket poll as the 2024 US presidential election approaches. Trump’s polymarket odds, which had been roughly flat until mid-August, have jumped several percentage points, with 53% of bettors backing Trump compared to 47% for Harris. The change marks a return for Donald Trump, who had been at a disadvantage after Joe Biden announced he would not run for reelection, but now has a temporary advantage for the vice president. Trump is expanding his lead in the polymarket…Regular interviews and podcasts make a marked difference to Kamala, who refuses…