September 19, 2024 The EEA today released version 1 of its new DLT interoperability specification. About the specifications This specification provides a standard framework that enables interaction between various blockchains and distributed ledgers. This standard provides software teams with a well-known set of interfaces, reducing development time and the potential for errors, and eliminating the need for developers to build custom solutions for each pair of networks they want to connect. This specification was developed by the EEA’s Cross-Chain Interoperability Working Group. This working group grew out of early work on interoperability in 2019 when EEA members recognized that a…
Author: Crypto Flexs
Read More
Cryptocurrency hackers have taken over the official YouTube channel of the Supreme Court of India and are running Ripple and XRP scams.On September 20, the official YouTube channel of the Supreme Court of India, which had over 217,000 followers, was rebranded as a Ripple-themed account to run a cryptocurrency scam. The hacked YouTube channel of the Supreme Court of India. Source: YouTube The hackers used the channel to play fake livestream videos featuring Ripple Labs CEO Brad Garlinghouse, and also urged potential victims to invest in the scam, promising unrealistic returns. YouTube closes hacked accountsThe hacker also changed the channel…
Bitcoin (BTC) sold off along with U.S. stocks at the opening of Wall Street on September 20 as risk assets began to break away from the macroeconomic uptrend.BTC/USD 1-hour chart. Source: TradingViewBitcoin Price ‘Bullish’ Outlook Until Weekly CloseAccording to data from Cointelegraph Markets Pro and TradingView, the price of BTC turned upward again at the daily open after hitting a three-week high of $64,121 on Bitstamp.The S&P 500, which hit a record high on September 18 after the Federal Reserve’s sharp interest rate cut, also fell along with the Nasdaq 100.S&P 500 vs. BTC/USD 1-day chart. Source: TradingViewGold is up…
Pudgy Penguins CEO Luka Netz said at the Solana Breakpoint conference in Singapore on Friday that despite the mimecoin culture, there is no better way to build community than using NFTs.“With Mimecoin, there’s no profile picture that’s easily recognizable on the internet, there’s no one who shares (your) values, and it’s almost like a chain reaction effect that only NFTs can create,” Netz said. “There’s also a kind of symbolism that Mimecoin can’t naturally replicate.”Pudgy Penguins CEO explained that one of the unique things about NFTs is that they are hierarchical, with prices and time periods for purchases indicating power…
Solana’s liquid staking could increase significantly. Bybit Launches bbSOL for Liquid Staking Liquid staking could drive Solana’s price. Solana has been growing rapidly this year in terms of network volume and price, but its liquid staking utilization remains relatively immature compared to Ethereum. Bybit claims that this has huge potential for the network and the price of SOL. The report comes just weeks after the major exchange teased a Solana liquidity staking program. Liquid Staking is a Billion Dollar Opportunity for Solana Solana may be preparing an event that could significantly increase its appeal to investors. On Thursday, September 12,…
Alvin Lang 19 Sep 2024 15:56 Tether invested $1.5 million in Sorted Wallet to advance financial inclusion with a focus on emerging markets, particularly Africa and South Asia. Tether Operations Limited, a leading digital asset industry company, has announced a $1.5 million strategic investment in Sorted Wallet, a platform designed to provide easy access to cryptocurrency for emerging market users. According to tether.io, the investment aims to enhance financial inclusion across Africa and South Asia. Strengthening financial inclusion Sorted Wallet bridges the gap between unbanked and underbanked individuals in developing countries by providing secure…
The popular cryptocurrency analyst and trader is bullish on Solana (SOL)’s competitors, while also giving his outlook on Bitcoin and layer 1 blockchain Saga (SAGA). The analyst, known by the pseudonym Blunts, told his 275,300 followers on social media platform X that Solana’s rival Sui (SUI) is set to surge after breaking above the upper boundary of an ascending channel on the 4-hour chart. Blunts also said the breakthrough coincided with a surge in trading volume. “SUI will continue to rip off a ton of money. I think it’s free money. A slow crushing channel breakthrough of this volume almost…
Artificial intelligence-themed tokens have surged in the past 24 hours, posting double-digit gains as markets digest the Federal Reserve’s 50 basis point rate cut. The Artificial Superintelligence Alliance (FET), a consortium of Fetch.ai, Ocean Protocol, and SingularityNET, had a huge performance today. The FET token surged by about 15% in the last 24 hours, reaching $1.54 on September 19. FET/USD daily chart. Source: TradingViewLet’s take a quick look at some of the factors that affect FET performance. AI Narrative Drives FET Price UpAI-focused tokens have seen significant gains in 2024, fueled by the emergence of various AI projects and the…
Telegram’s tap-to-win game Cartizen’s tokens have gone live. 150 million tokens, or 15% of the total supply of 1 billion, have been airdropped to users as part of the Season 1 distribution, after a two-month delay from the originally planned launch.Trading of the TON blockchain-based CATI token began at 6 a.m. ET on Friday. It is listed on several centralized exchanges, including Binance, Bybit, and Bitget. Registration for CATI deposits to non-custodial wallets began on Thursday, and tokens were distributed to eligible participants based on their gaming activity at 6 a.m. ET today, the team said.According to the team, this…
contributor Posted: September 20, 2024 The avalanche broke away from a downward parallel channel that had been in place for months. AVAX price is facing a significant test as it approaches the key resistance zone at $29. Avalanche (AVAX) was a standout performer in the cryptocurrency markets during the week. AVAX’s price rose to a three-week high of $26.52 earlier today, extending the overnight rally from September 18. At the time of writing, the altcoin was up 12% over the last 24 hours. The rise in AVAX price coincides with the overall rebound in cryptocurrency markets, supported by favorable macroeconomic…