Decentralized finance (DeFi) projects and the Ethereum (ETH) layer 2 blockchain are suddenly surging after receiving support from Coinbase. Coinbase, the leading U.S. cryptocurrency exchange platform, announced in a new announcement that it is adding DeFi platform Moonwell (WELL) and Ethereum scaling solution ZKsync (ZK) to its product line. According to Coinbase, customers can now buy, sell, stash, send, receive or store WELL and ZK starting today. Both WELL and ZK were blown away by the listing news. On this day, the two assets gained 31.22% and 4.21%, respectively. WELL is trading at $0.0389 at the time of this writing,…
Author: Crypto Flexs
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Before the United Nations General Assembly, President Nayib Bukele highlighted El Salvador’s achievements since his first term, citing the country’s economic revival and improved personal security. Bukele also said that humanity is facing a new dark age and that El Salvador (…)
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Learn how RCO Finance can achieve 4,500x returns by 2025, outperforming Solana and Ethereum. Despite the massive networks of Ethereum and Solana, one Wall Street expert claims that a new altcoin, RCOF (RCOF), will beat them and see a strong 4,500x valuation by 2025. Interestingly, investors are already betting heavily on the experts’ outlook by investing heavily in the ongoing token pre-sale. How AI and Security Will Match RCOF with Expert Predictions According to predictions from Wall Street experts,…
If Brown loses, it becomes much more likely that Republicans will take the Senate majority and that Senator Tim Scott (R.S.C.) will become the next speaker. Scott’s views on cryptocurrencies have been quiet for a long time, but he recently cheered digital asset innovation at the Nashville Bitcoin 2024 event, and at the Wyoming Symposium hosted by the SALT Conference, he said he would open a subcommittee on cryptocurrencies if he wins the gavel. It was revealed.
World Coin fined $850,000 in South Korea The Worldcoin Foundation and Tools for Humanity have been criticized by South Korean authorities for illegally collecting and transmitting biometric information. The Personal Information Protection Commission announced on September 26 that it had imposed a fine of 1.1 billion won ($850,000) on Worldcoin and its contributor Tools for Humanity. The country’s privacy watchdog said it began investigating Worldcoin earlier after complaints and local media reports about the project collecting biometric data in exchange for cryptocurrency without proper consent or legal basis. Worldcoin scanned 30,000 irises in Korea. (Mathias Selis) As a result of…
Even though its overall market capitalization is increasing, Ethereum dominance is decreasing. ETH staying above all weekly moving averages is bullish. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is struggling to maintain its dominance in the broader cryptocurrency market. While the overall market capitalization of cryptocurrencies, excluding stablecoins, is showing a long-term upward trend, ETH’s share of this market is decreasing. Currently, Ethereum’s market dominance is just over 15%, indicating that ETH may be at a critical point. With ETH’s market capitalization currently fluctuating from $546 billion to $316 billion, its efforts to regain dominance are in question. Source:…
U.S. Securities and Exchange Commission Chairman Gary Gensler has doubled down on his stance on cryptocurrencies and warned that the sector will not survive without important investor protections. In an interview with CNBC’s Squawk Box on Thursday morning, Gensler argued that the cryptocurrency industry needs disclosure and pointed to past market turmoil. Several companies will close in 2022, including cryptocurrency exchanges FTXhedge fund three arrow capital Cryptocurrency Lenders Celsius and GenesisAbove all. FTX CEO Sam Bankman-Fried faces criminal charges and ultimately sentenced He was sentenced to nearly 25 years in prison on fraud-related charges. His counterpart, Caroline Ellison, co-CEO of…
World Coin fined $850,000 in South Korea The Worldcoin Foundation and Tools for Humanity have been criticized by South Korean authorities for illegally collecting and transmitting biometric information. The Personal Information Protection Commission announced on September 26 that it had imposed a fine of 1.1 billion won ($850,000) on Worldcoin and its contributor Tools for Humanity. The country’s privacy watchdog said it began investigating Worldcoin earlier after complaints and local media reports about the project collecting biometric data in exchange for cryptocurrency without proper consent or legal basis. Worldcoin scanned 30,000 irises in Korea. (Mathias Selis) As a result of…
Terrill Dickey September 27, 2024 01:34 Binance is launching a spot trading tournament featuring a $50,000 HMSTR token voucher reward pool, inviting traders to compete by trading selected tokens. Binance has unveiled a new trading tournament giving users the chance to share in a $50,000 reward pool in HMSTR token vouchers. According to Binance, participants must trade their chosen token during the promotion period to qualify. Promotion period The tournament will run from 14:00 UTC on 26 September 2024 until 23:59 UTC on 13 October 2024. During this period, traders can compete to secure…
STX, the native token of the Bitcoin-focused Stacks layer 2 smart contract platform, is up about 30% over the past seven days, driven by Bitcoin’s recovery.STX/USD daily chart. source: TradingViewSTX (STX) trading volume doubled over the same period to $148.2 million on September 26, surpassing Bitcoin (BTC)’s 7.5% increase since September 18. Let’s look at the factors contributing to STX’s upward momentum.STX price rebounds as Nakamoto upgrade approaches.The STX price rise comes as the community prepares for the upcoming update, known as the Nakamoto release, which is less than 15 days away.The Stacks Foundation has officially announced that the highly…