@punk3700 previously built Trustless Market, a Uniswap fork on Bitcoin, amid the Ordinals protocol hype to jumpstart BRC-20 token activity on the blockchain. Shortly after launch, the protocol racked up daily volumes of $500,000, attracted over 2,000 users, and let liquidity providers earn a 2% cut on all swaps conducted on the network. Original
On-chain data shows that Litecoin traders are showing signs of capitulation as the asset’s much-anticipated halving event is only a few hours away now. Is Litecoin Halving A Buy The Rumor, Sell The News Event? The “halving” here refers to a periodic event where Litecoin’s block rewards (that is, rewards that miners receive for mining blocks) are permanently cut down in half. This event takes place approximately every four years and the next one, which would be the third, is scheduled to happen in around five hours if data from…
Ripple CEO Brad Garlinhouse on August 2, expressed his disapproval of the United States Securities and Exchange Commission (SEC) for utilizing Ripple’s quarterly XRP Markets Report, designed to enhance transparency in the cryptocurrency industry, as evidence against the company in the ongoing lawsuit. Garlinghouse stated that the company initiated the reports with the intention of voluntarily offering updates on their XRP holdings. However, the CEO said, these reports were later “used against” the company in the SEC lawsuit. Garlinghouse reiterated the company’s commitment to transparency but hinted that future reports…
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Bank of England (BoE) has released a new paper that explores the use of Ripple’s Interledger Protocol for synchronized settlement of payments. The new step taken by the Bank of England shows the increasing interest of central banks in blockchain technology. The paper is titled “Ripple: Exploring the Synchronized Settlement of Payments using the Interledger Protocol.” The BOE believes that Ripple protocol could significantly impact the cross-border payments industry by allowing synchronized settlement across multiple…
MakerDAO (MKR) has navigated a tumultuous path in the Decentralized Finance (DeFi) market since June, marked by regulatory pressures and various challenges numerous projects face. Nonetheless, a shift in focus has occurred as altcoins, spearheaded by MKR, appear to overshadow this turbulence. Presently, the value of MKR on CoinGecko stands at $1,346, showing a noteworthy 9.1% surge within the past 24 hours, accompanied by an impressive week-long ascent of 18.0%. From mid-June, MKR has achieved an increase exceeding 115%. This growth has effectively diminished the proportion of investors encountering losses by…
The Information Commissioner’s Office (ICO) has reprimanded two Northern Irish organisations for disclosing people’s information inappropriately via email. Both the Patient and Client Council (PCC) and the Executive Office disclosed recipient details by using inappropriate group email options. They should have found an appropriate alternative such as mail merge. The PCC had sent an email to 15 people across Northern Ireland, each of whom had lived experience of gender dysphoria, using the carbon copy (cc) option. Although the body of the email did not contain personal information, the people who…
LTC’s indifferent attitude toward the pivotal event could be explained by the fact that on both occasions, bitcoin, the leading cryptocurrency by market value and industry anchor, was nursing the after-effects of a brutal bear market. More importantly, crypto bull markets typically begin months after bitcoin’s reward halvings, which occur 8-9 months after Litecoin’s halvings. Bitcoin’s fourth halving is due in March/April 2024. Source
Binance’s founder and CEO, Changpeng Zhao, has considered shuttering the US affiliate of the crypto exchange earlier this year to protect the broader global operations, according to a report by The Information. However, Zhao’s decision was blocked by Brian Shroder, CEO of Binance.US. Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! Though officially not confirmed, the board of directors of the US unit of Binance voted on the proposal to close the company. Though…
India, which currently holds the Group of Twenty (G20) presidency, has supported the Financial Stability Board’s (FSB) recommendations for a global crypto framework published in July. The country also emphasized the necessity of dealing with the risks of digital assets for developing economies. On Aug. 1, India released its presidency note for input in a roadmap on a global framework for crypto. The document concurs with the guidelines written by the FSB, the Financial Action Task Force (FATF) and the International Monetary Fund (IMF). However, the note suggests some additions,…
“Gauntlet has been looking into the risk profile of 0x7a16ff8270133f063aab6c9977183d9e72835428. This account borrows roughly $54m of USDT against $158m of CRV, as of 2023/08/01,” the proposal read. “We recommend setting CRV LTV to 0 to help impede additional borrowing against existing CRV collateral due to the recent decrease in CRV liquidity.” Source