Securitize, a tokenization platform, announced on September 20 that it has integrated cross-chain communication protocol Wormhole “to provide cross-chain functionality to all assets tokenized via the Securitize platform.” Real-world assets (RWAs), including tokenized claims to financial assets, commodities, or art, are emerging as one of the most popular market segments for cryptocurrencies, but adoption is hampered by restrictions on transfers between blockchain networks and wallets.“Tokenized securities need to thrive on public, permissionless blockchains to unlock the potential of blockchain technology,” Securitize CEO Carlos Domingo said in a statement. Securitize said the goal of the integration is to “enable sub-second, sub-penny…
Author: Crypto Flexs
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Ted Hisokawa Sep 19, 2024 05:38 Binance is launching a new promotion for fixed-rate loans, giving users the chance to earn up to 799 USDC. The campaign will run from September 19, 2024 to October 11, 2024. Binance has launched a new promotion to celebrate the launch of fixed-rate lending, according to an official announcement. The promotion provides borrowers and providers with enhanced liquidity options and the opportunity to earn up to 799 USDC in token vouchers.Promotion Period: 2024-09-19 05:00 (UTC) to 2024-10-11 23:59 (UTC).Promotion DetailsDuring the promotion period, users who borrow at least…
It’s Friday! In today’s newsletter, we cover the hack of crypto exchange BingX, Jump Crypto’s Frankendancer client launching on Solana, Catizen’s TON-based token launch, and more.Meanwhile, an “intimate” documentary about Vitalik Buterin and Ethereum has started streaming on-chain.Let’s get started.Cryptocurrency Exchange BingX Faces $43 Million Security ExploitSingapore-based cryptocurrency exchange BingX suffered a hot wallet security breach on Friday morning, resulting in significant losses of funds. Analysts at blockchain security firm PeckShield estimated that $43 million worth of cryptocurrency was stolen in the attack, but the exchange described the losses as “minor” and manageable. Vivian Lin, BingX’s chief product officer, said…
Solana’s daily active users surpass 5 million. Franklin Templeton Launches Fund for Solana Sky (MakerDAO) expands to Solana. Solana has had an impressive year this year both in terms of token and ecosystem. SOL is up 625% year-over-year following significant expansion of the DeFi ecosystem. Recently, the Solana Foundation has announced several major developments, including partnerships with major banking institutions and one of the largest DeFi protocols, while the number of users is hitting a record high. Solana Achieves Record Number of UsersLast week was filled with major developments for Solana. On Friday, September 20th, during the BreakPoint conference in…
James Ding 19 Sep 2024 09:36 The People’s Bank of China will issue renminbi banknotes through the Central Money Markets Department of the Hong Kong Monetary Authority. According to the Hong Kong Monetary Authority, the People’s Bank of China (PBOC) has announced its intention to issue renminbi banknotes through the Central Money Markets Department (CMU) of the Hong Kong Monetary Authority (HKMA). Issue Details The publication is conducted by the HKMA and provides comprehensive tender-related information, including the tender notice, tender information memo and additional tender-related details. These documents are made available to the…
An artificial intelligence (AI)-based cat-themed gaming altcoin is hitting a new all-time high after being suddenly listed on the world’s largest cryptocurrency exchange platform by trading volume. Cryptocurrency exchange Binance has announced that it will be adding Catizen (CATI) to its product line starting September 20th. “Binance is excited to announce that Catizen has been added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, and Binance Auto-Invest.” Catizen is a play-to-earn blockchain game based on The Open Network (TON) that launched in March, where players take on the role of mayor of a town and manage an entire…
Bitcoin (BTC) surged 6% after the U.S. Federal Reserve cut interest rates by 0.50% on September 18, bringing the price close to a three-week high of $63,500. Despite the rally, derivatives indicators show that Bitcoin bulls are hesitant to increase their leveraged positions, with the $62,000 support level under pressure.Interest rate cuts and job market data affect Bitcoin priceThe U.S. jobless claims report, released on September 19, further boosted investor sentiment, with initial jobless claims falling to a four-month low of 219,000 from a July high of 250,000. While still relatively high, the decline represents an improvement. With inflation relatively…
Ripple CLO Stuart Alderoty has commented on Lee Reiners’ testimony to the U.S. House Financial Services Committee on September 18, 2024. The Duke University lecturer has criticized the cryptocurrency industry and supported enforcement actions by the U.S. Securities and Exchange Commission (SEC), but also acknowledged the agency’s limitations. Alderoty has weaponized these statements against the SEC. Ripple CLO provides key takeaways from Reiners’ testimony. Alderoty responded to the testimony, writing on X (formerly Twitter) that while Reiners was a “pro-SEC/anti-crypto witness,” his testimony still highlights some of the SEC’s shortcomings. Ripple CLO therefore highlighted four key takeaways from Reiners’ statement:First,…
correction: September 20, 19:00 UTC: A previous version of this story included a percentage of active addresses decline, but this has since been removed. Additional context has been added in December 2023 to explain how the inscription activity drove up volume and metrics. avalanche Abox +1.81% ‘s C-Chain. Furthermore, a section on Avalanche’s broader ecosystem beyond C-Chain has been included for a more comprehensive perspective.Originally popular as a faster and cheaper alternative to Ethereum, Avalanche is now expanding its focus to include institutional adoption and gaming.The number of active addresses on Avalanche’s C-Chain has returned to a 12-month low of…
reporter Posted: September 21, 2024 On the daily chart, the core cryptocurrency market structure is still in a downtrend. The 32% gain recorded earlier this week could lead to a slight decline. The CORE cryptocurrency is once again on a bullish trajectory after breaking through the psychologically important $1 resistance level. The trend and volume were also favorable for buyers. A retest of the $1 region would provide a buying opportunity. There is a possibility of another 30% upside for the Core crypto. The long-term core cryptocurrency downtrend continues. Source: CORE/USDT on TradingView The daily MACD has crossed the neutral…