Uniswap’s native token, UNI, defied stagnant cryptocurrency markets and surged more than 12% on Thursday as the decentralized exchange (DEX) project announced a new Ethereum (ETH) layer 2 project. Uniswap Labs said its new project, called “Unichain,” aims to promote decentralized finance (DeFi) and liquidity across chains. “Unichain is designed to leverage and accelerate Ethereum’s scaling roadmap, moving execution to L2. In practice, this means that Unichain lowers transaction costs by up to 95% compared to Ethereum L1 in the short term and even lower over time. Unichain will soon introduce a decentralized verification network where nodes can verify blocks.…
Author: Crypto Flexs
Read More
Mt. Gox, a defunct cryptocurrency exchange, has postponed its repayment deadline to next year.Mt Gox now plans to repay creditors on October 31, 2025. Previously, the repayment deadline was moved from October 31, 2023 to October 31, 2024.“Because it is desirable to repay the relevant rehabilitation creditors as much as reasonably possible, the rehabilitation administrator received permission from the court and changed the payment deadline from October 31, 2024 (Japan Standard Time) to October 31.” , 2025 (Japan Standard Time),’ the defunct exchange wrote in Thursday’s announcement.The smoke temporarily eased concerns. Bitcoin BTC -0.20% Selling pressure causes the token price…
Craig Wright, the controversial figure who claims to be the creator of Bitcoin, has accused MicroStrategy co-founder Michael Saylor of distorting the true nature of Bitcoin. Wright’s accusations come shortly after Saylor announced that he wants to transform MicroStrategy into a commercial bank for Bitcoin (BTC). In a scathing critique posted to Wright was particularly angry at Saylor for “building so-called ‘Bitcoin banks’ that would serve as the very obstacles Bitcoin was designed to remove.” Saylor recently told Bernstein analysts that MicroStrategy is a “Bitcoin finance company” and its goal is to accumulate $150 billion in Bitcoin holdings. The Tysons…
Yorg Healer October 12, 2024 17:08 Bitcoin staking is gaining traction because it allows BTC holders to earn rewards while participating in DeFi. Learn about the protocol that enables trustless Bitcoin staking. Bitcoin staking is becoming an increasing focus for cryptocurrency enthusiasts as it changes the way Bitcoin holders utilize their assets. According to blog.bitfinex.com, this innovative approach not only allows holders to receive rewards, but also integrates Bitcoin into decentralized finance (DeFi) use cases. Platforms such as Babylon, Build On Bitcoin (BOB), and Stacks are leading this movement by enabling trustless and self-managed…
An Abuja judge has denied bail for Tigran Gambaryan, a jailed Binance employee and U.S. citizen illegally detained in Nigeria. Despite meeting all medical requirements for bail, the judge’s decision goes against existing legal precedent in Nigeria. Gambarian’s health has deteriorated significantly in prison, and he requires medical care that the prison cannot provide. his (…)
Bitcoin (BTC) hit its highest point in several days on October 12 as the market mimicked last weekend’s ambiguous rally.BTC/USD 1-hour chart. Source: TradingViewBTC price finds resistance below key barriers.Data from Cointelegraph Markets Pro and TradingView showed BTC price nearing $63,500, up 1.5% on the day. This is a similar move to last weekend.BTC/USD made significant progress during the October 11th Wall Street trading session after testing the $60,000 support throughout the week. In an attempt to keep up with U.S. stocks, Bitcoin has shrugged off renewed inflationary pressures in the U.S. even as markets have scaled back bets on…
Ripple co-founder and chairman Chris Larsen donated 1,754,815.29 XRP (XRP), worth $1 million at the time of the donation, to the Harris-Walz 2024 presidential campaign, according to Federal Election Commission (FEC) records.The donation was made to a political action committee (PAC) supporting Harris Future Forward on August 14, 2024, according to FEC filings. According to Fox Business reporter Eleanor Terrett, this represents the first documented cryptocurrency contribution to the Harris campaign.In September, a Future Forward spokesperson told Cointelegraph that the PAC was accepting cryptocurrency donations from Harris. This was after false reports emerged that the campaign was directly receiving cryptocurrency…
Former FTX executive Ryan Salame was sentenced to 7 years and 6 months in prison in Maryland, records show. Salameh, the former co-CEO of FTX Digital Markets, was in custody at FCI Cumberland, Maryland, as of Saturday morning, according to the federal Bureau of Prisons website. Prison is “It is a medium-security federal correctional institution with an adjacent minimum-security satellite camp.” The number of prisoners is said to be over 1,000. website.On Thursday, Salame shared a post on LinkedIn that appeared to mock her situation.“I am excited to share that I am starting a new position as an inmate at…
Meanwhile, Telegram has come under scrutiny on several fronts. The platform has been criticized for facilitating communication between groups involved in illegal activities, leading to temporary bans in some countries. HighlightsTelegram founder Pavel Durov has launched three special gifts to celebrate his 40th birthday.Telegram will allow users to tokenize their gifts into NFTs on the open network (TON) before the end of 2024. Pavel Durov, founder of the popular encrypted messaging platform Telegram, has launched a special edition “Gift” to celebrate his 40th birthday. Digital stickers allow users to purchase, send and receive stars from friends and family on special…
American rapper Ty Dolla Sign lost $500,000 by confusing TRON addresses. Justin Sun asked for a full refund to save Ty Dolla Sign’s day. SunDog is down 36% from its all-time high hit two weeks ago. Five-time Grammy Award-nominated American singer, rapper, and songwriter Ty Dolla Sign has entered the ever-changing world of blockchain. The artist, who has been curious about cryptocurrencies for some time, lost his cryptocurrency virginity on October 8, 2024, when he splashed 3.2 million Tron (TRX) tokens on the popular TRX meme token. According to on-chain records, the hip-hop artist spent $502,000 in a single transaction,…