Ripple has announced new strategic partnerships in South Korea and Japan to strengthen crypto infrastructure for institutional adoption, according to a Sept. 3 post on social media platform X. Ripple’s CEO Brad Garlinghouse stated that the moves would enhance XRP Ledger’s (XRPL) programmability and show how crypto-native companies like Futureverse are increasingly adopting the firm’s …
Monthly archives: September 2024
Ethereum 2.0 deposit contract surpasses 50 million ETH amid centralization concerns
Quick Take The Ethereum 2.0 deposit contract has reached a significant milestone, with its balance surpassing 50 million ETH in USD value, according to Glassnode. Ethereum Total Value Staked: (Source: Glassnode) Of this, over 24 million ETH—almost 48%—is controlled by the top 11 staking providers. I believe this highlights a trend towards centralization. The top …
Leading DeFi giants Sky and Aave launch Sky Aave Force to boost sector growth
Leading DeFi protocols Aave and Sky (formerly MakerDAO) have partnered to launch Sky Aave Force, aiming to bridge the gap between decentralized finance and traditional financial systems. In a statement on Sept. 3, the initiative was described as a crucial step toward creating a more resilient and aligned ecosystem, with goals of broader accessibility, increased …
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Bitcoin funding rate volatility shows market-wide caution
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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Changenow Partners With Privacy Token Zano to Expand Cryptocurrency Offerings
Changenow has announced a strategic partnership with Zano Project, integrating the $ZANO cryptocurrency into its platform. This collaboration aims to expand the variety of digital assets available for exchange on Changenow, providing users with more options for seamless and secure transactions. Changenow is a non-custodial cryptocurrency exchange known for its fast, unlimited cross-chain swaps of …
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Dash Launches Evolution Platform, Ushering in a New Era of Decentralized Applications
Dash has officially launched its Evolution platform, marking the biggest release in the cryptocurrency’s history. The Evolution chain is now live, producing blocks, executing data contracts, and sending files to decentralized storage. This platform, which began as a vision for blockchain-level usernames and contact lists in 2015, has evolved into a comprehensive decentralized application platform. …
Jailed Binance Employee Tigran Gambaryan Denied Wheelchair, Forced to Use Crutches
Jailed Binance employee, Tigran Gambaryan, was denied the use of a wheelchair while entering court and had to use crutches, causing visible pain and distress. His lawyers filed a new bail application citing medical grounds and blocked access to him. The prosecution opposed the application, claiming Tigran was not ill despite medical records recommending urgent …
Holy Bitcoin: Paraguayan Power Company Detects Illegal Crypto Mining Operation in a Church
The National Power Administration of Paraguay (ANDE) recently detected an illegal bitcoin mining operation in an evangelical church. The church, which shared a power line with a nearby store, had established a connection before its power meter that was hidden within the same building. ANDE officers intervened and removed this illegal connection, estimating that it …
TON Blockchain Reaches 1 Billion Transactions
The TON blockchain recently announced it has reached a milestone, registering a billion completed transactions on its network. Through its social media channels, the TON network team explained that half of this volume had occurred during the last three months. The project has benefited from the activity generated by projects such as Notcoin and Dogs …
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Okx Approved to Provide Cross-Border Payment Services in Singapore
Global crypto exchange Okx has secured a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), allowing it to offer digital payment token services. Gracie Lin, the newly appointed CEO of Okx’s Singapore entity (Okx SG), highlighted the significance of this license and Singapore’s role in the company’s growth strategy. Okx SG aims …
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Investor Hugh Hendry Sees Reasonable Odds of Bitcoin Hitting Massive Price Target, Says His Cash Ready for Dips
Macro guru Hugh Hendry believes there’s a solid chance that Bitcoin (BTC) will ignite a nearly 240% surge but notes that he’s also prepared in case the crypto king corrects. In a new interview with independent journalist David Lin, Hendry says that while he’s not an expert in the intricacies of Bitcoin and crypto, he …
Bitcoin’s fifth epoch heralds potential for major price breakout amid stabilizing market
Onchain Highlights DEFINITION: Bitcoin price performance since halving cycles Bitcoin’s price trajectory across its five halving epochs highlights the influence of supply shocks on long-term market behavior. Epoch 1, where block rewards were 50 BTC, saw exponential growth, setting an early benchmark for the asset’s potential. Subsequent epochs, particularly Epoch 2 (25 BTC) and Epoch 3 …
VC funding for crypto startups soars to $634M in August
Venture capital (VC) funds invested $634 million in crypto startups in August — up 15% from July, based on DefiLlama data. Projects focusing on blockchain infrastructure secured nearly $460 million in funding, accounting for 72% of the total raised by crypto startups last month. PIP Labs conducted the most successful funding round among infrastructure projects, …
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FTX bankruptcy faces new hurdles as SEC flags repayment concerns
The US Securities and Exchange Commission (SEC) has issued a filing expressing concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan, which includes repaying creditors through stablecoins or other digital assets, has prompted the SEC to reserve the right to challenge these transactions under federal securities laws. The move has …
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Venezuelan President Nicolas Maduro Proposes Retaking the ‘Crypto Path’
Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to retake the crypto path but gave no indications regarding the revival of the national cryptocurrency …
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