HBAR Foundation CEO resigns months after BlackRock controversy Hedera’s Hashgraph Increases Revenue by 26% Due to Network Fees HBAR is looking to establish a base above $0.05 with a daily bounce rate of 3%. Hedera Hashgraph (HBAR) has continued to make headlines this year, thanks to its institutional momentum and frequent collaborations with well-established brands. However, HBAR’s native currency has been mired in underperformance, falling more than 91% from its all-time high of $0.56 three years ago.HBAR Foundation Pulls Plug on CEOHedera’s blockchain suffered a reputational blow when it was falsely reported that Hedera Hashgraph had a deal with investment…
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Policy • September 3, 2024 2:25 AM EDT Posted 1 minute earlier ~ in Updated: September 3, 2024, 3:32 AM EDT Polymarket traders are betting that the federal funds rate will be cut at the Federal Reserve Board (FOMC) meeting scheduled for September 17-18, 2024.That sentiment is reflected in the $10.9 million in bets, with 77% of bets being for a 25 basis point cut, 21% for a 50 basis point cut and just a 3% chance of no cut.Several factors have contributed to the expected rate cut: falling inflation supports the need for rate cuts, and a weakening jobs…
Timothy Morano Sep 3, 2024 06:11 Binance Futures will expand trading options by launching FLUXUSDT perpetual contracts with up to 75x leverage. Binance Futures has announced the launch of new USDⓈ-margined FLUXUSDT perpetual contracts with up to 75x leverage. According to binance.com, this move is part of Binance’s ongoing efforts to diversify its trading product range and improve the trading experience for users. Details of the new permanent contract The FLUXUSDT Perpetual Contract will be launched on September 3, 2024 at 07:00 (UTC). Traders participating in this new product will be able to utilize…
A prominent analyst has updated his outlook for Ethereum (ETH) and Solana (SOL) as he expects the cryptocurrency market to see a bullish turn later this year. A pseudonymous trader named Altcoin Sherpa told his 222,400 followers on social media platform X that a “full transfer” phase for the cryptocurrency is expected around December or early next year. “Personally I’m bullish going into the latter part of Q4, but until then I honestly have no idea. I still expect a bit of a pullback in September/October and a bit of a fake pullback in November. But by December/January 2024 we…
In August, monthly fees earned by decentralized finance protocols fell 24.4% compared to July, reaching their lowest level since February.According to The Block’s data dashboard, August fees were significantly lower than July’s $381.45 million and far below March’s $494.14 million. However, last month’s protocol fees were higher than February’s $265.18 million. Fee amounts are often used to measure the popularity and usage of DeFi protocols.This month, the cumulative fees for DeFi protocols excluding the base layer were $288.38 million. Lido had the highest fees at $76.18 million, followed by Uniswap, Jito, and PancakeSwap. “Users have noticed a decline in sustainable…
Revised proposal sparks interest In a significant development for cryptocurrency investing, several asset managers have revised their Ethereum ETF proposals. The updates, filed with the SEC on June 21, indicate that they are ready for a July launch. VanEck, BlackRock, Grayscale, Invesco Galaxy Digital, and Fidelity are among the firms fine-tuning their offerings.Competitive fee structure VanEck’s filing sets a competitive benchmark in the industry by disclosing a 0.20% management fee for the Ethereum fund. The move puts pressure on other asset managers like BlackRock to keep their fees low. Fidelity’s updated filing shows strong support from FMR Capital, which seeded…
Iris Coleman Sep 3, 2024 03:23 Binance will be performing wallet maintenance for BNB Smart Chain (BEP20) on September 5, 2024, which will result in the suspension of deposits and withdrawals for 2 hours. Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will be performing wallet maintenance for BNB Smart Chain (BEP20) on September 5, 2024. According to Binance, the maintenance is expected to begin at 07:00 (UTC) and last approximately 2 hours.Impact on deposits and withdrawalsTo support this maintenance, Binance will suspend deposits and withdrawals on BNB Smart Chain…
XRP Could Soar Amid Potential ETF Launch, Key Price Range Sets Foundation for Bullish Market Analysts suggest that XRP may soon have its last chance to surge and rally below $1. Ripple (XRP) stood at ~ $0.5511 At the time of writing, it was down 1.38% in the last 24 hours and 7.88% over the past week. XRP, which had a trading volume of $887.67 million over the last 24 hours, has a market cap of approximately $31.01 billion. Despite recent price volatility, XRP is showing stability around the $0.55 level, but traders should be aware of potential moves as…
Company • September 2, 2024 11:15 PM EDT Posted 1 minute earlier ~ in Global digital asset custody firm BitGo has added South Korean telecommunications giant SK Telecom and the country’s largest financial institution, Hana Financial Group, as major shareholders and strategic partners of the company’s Asia-Pacific subsidiary.Hana Financial Group has acquired a 25% stake in BitGo Korea, while SKT has acquired a 10% stake, BitGo CEO Mike Belsh said Tuesday at the Korea Blockchain Week 2024 event in Seoul. BitGo Korea is a joint venture with Hana Bank established earlier this year. BitGo first partnered with Hana Bank in…
Jorg Hiller Sep 3, 2024 01:43 The first Web3 gaming handheld, the SuiPlay0X1, is available for pre-order starting at $599. It integrates Sui games and Steam for a unique gaming experience. According to The Sui Blog, the pioneering Web3 gaming handheld, the SuiPlay0X1, is now available for pre-order. This first-of-its-kind device uniquely combines traditional and blockchain gaming experiences by integrating Sui games with popular gaming platforms like Steam. SuiPlay0X1 Features and Specifications Unveiled at Korea Blockchain Week, SuiPlay0X1 combines AAA gameplay with blockchain-based digital asset functionality. Gamers can enjoy their favorite titles from the…