A popular cryptocurrency analyst believes one of the major Ethereum (ETH) competitors could be on the verge of a massive sell-off. Ali Martinez told her 72,400 followers on social media platform X that Toncoin (TON) could be in for a rough few weeks following a new announcement from messaging platform Telegram that it would be handing over user data to governments in certain circumstances. Telegram originally developed Toncoin in 2018, but parted ways with the project in 2020 following a legal dispute with the U.S. Securities and Exchange Commission (SEC). The Open Network, an open-source community of developers, took over…
Author: Crypto Flexs
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Athena this +14.84% We are partnering with real-world asset tokenization platform Securitize to launch a new stablecoin, UStb.According to a statement shared with The Block, UStb is designed to function in the same way as existing stablecoins and is expected to invest reserves in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which is tokenized on Ethereum.BlackRock’s BUIDL fund invests in U.S. dollars, short-term U.S. Treasury bonds, and repurchase agreements. Since its launch in March of this year, BUIDL has grown rapidly to become the largest tokenized U.S. Treasury bond fund, with over $522 million in assets under management.According to data…
Dogecoin whale activity has surged by 63% in large transactions within 24 hours. The Stochastic RSI suggests that a short-term correction is likely despite the increasing social volume. Dogecoin (DOGE) has seen a surge in whale activity over the past 24 hours. Large transactions have surged by 63%, with whales moving 65.41 billion DOGE. This massive holding by the largest players in the market accounts for 41% of Dogecoin’s total supply. The aforementioned surge in whale activity suggests that large investors are taking positions, which could lead to increased market volatility. A surge in whale trading tends to precede potentially…
Alvin Lang 26 Sep 2024 09:07 Bitcoin (BTC) surged more than 22% following the Federal Reserve’s rate cut, but faced resistance at $65,200, according to Bitfinex Alpha. Bitcoin (BTC) has seen a significant surge of over 22% since the Federal Reserve decided to cut interest rates, reaching a new all-time high of $64,200 on September 20, according to Bitfinex Alpha. Despite this impressive rally, BTC has yet to break above the stubborn resistance level of $65,200, which has been observed since August 25. Failure to do so would confirm the downtrend that has been…
Bitcoin rose 8.2% in the seven days through September 25, rising from $59,886 to $64,816, but the $64,500 resistance level proved more difficult than expected. Weak macroeconomic data reduced investors’ risk appetite, but other factors also contributed to triggering the Bitcoin price correction on September 25.Fears of a recession are affecting investor sentimentAccording to Yahoo Finance, the median price of a new home in the U.S. fell 4.6% year over year in August, the fastest pace of price growth since early 2022. Home prices have now fallen for seven straight months, marking the longest decline since 2009. Notably, housing inventory…
A Singapore court has granted WazirX a four-month grace period to disclose its wallet addresses and financial accounts. Key ContentsA Singapore court has granted WazirX a four-month grace period to formulate a restructuring plan.WazirX will also be required to disclose its full financial accounts within six weeks and conduct a vote on its recovery plan on an independent platform.Trading on the exchange is suspended. A Singapore court has reportedly granted Indian cryptocurrency exchange WazirX a four-month reprieve after the exchange sought relief following its $234 million hack in July. The ruling, announced on September 25, includes several conditions that the…
Truflation, a blockchain-based inflation data platform, has confirmed it has been hit by a malware attack, which blockchain analysts estimate could have resulted in losses of up to $5.2 million.“The Truflation team has detected unusual activity. Attackers have launched attacks using malware,” the project said in a September 25 post to X.Truflation added that it is monitoring the incident and working with “key industry partners” and law enforcement to take steps to protect funds. The project, which is backed by Coinbase Ventures, Chainlink, and others, said it is trying to contact the hackers and is open to negotiations. It also…
Swiss stock token specialist Aktionariat AG announced on Thursday that it has partnered with brokerage Taurus SA. Under the agreement, Taurus, a digital asset infrastructure provider, will provide services for certain Ethereum-based tokenized shares issued by Aktionariat. In return, Aktionariat will provide its client companies with a path to be listed on the Taurus Digital Exchange (TDX). This collaborative project is scheduled to be released in November. “This collaboration combines Aktionariat’s expertise in tokenizing Swiss corporate shares with Taurus’ institutional-grade trading technology. It aims to increase liquidity and unlock value for tokenized (SMEs) and their stakeholders by providing access to…
In addition to the monthly burn, Binance will conduct an additional 5 LUNC burns in September. The LUNC community is expecting huge losses for LUNC due to TerraForm bankruptcy. Despite its 10% gain, Terra Luna Classic lagged in one important metric. Amid the development whirlwind of the Terra Luna Classic (LUNC) blockchain, Binance has decided to raise the bar for the LUNC burn. So far, major backers of the Terra Classic burn have contributed $64.47 billion to this initiative. In addition to the regular practice of burning 50% of the accumulated LUNC trading pair fees on the 1st of every…
Ted Hisokawa 26 Sep 2024 04:59 The Guacamaya Project uses AI and satellite technology to protect the Amazon rainforest, monitor deforestation, and preserve biodiversity. Project Guacamaya, an innovative initiative leveraging Microsoft AI, is making significant progress in combating deforestation in the Amazon rainforest. According to Source LATAM, the project uses satellite imagery, camera traps, and bioacoustics to monitor and protect biodiversity in the region. Amazon’s biodiversity in crisis The Amazon rainforest, known as the most biologically complex environment in the world, is home to millions of species of plants, birds, and wildlife, many of…