Day: August 19, 2023

Astar Foundation launches Polkadot’s Relayers Incubator program

The Astar Foundation has announced the launch of its Polkadot Relayers Incubator 2023, to amplify the potential of builders in Polkadot. Polkadot’s Relayers Incubator program  The Polkadot Relayers Incubator 2023 is focused on skill development and community engagement. The program is for start-ups and early-stage developers by creating a community that encourages creativity. Participants will receive dedicated mentorship and community support from seven specialized parachains teams in Polkadot’s ecosystem. Aside from bringing together a diverse group of talented individuals to catalyze decentralized finance (defi) development, the incubator would offer a range of tracks that…

Elon Musk Shows Public Support For Pro-Crypto Presidential Candidate

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X (formerly Twitter) owner Elon Musk is known to have an underlying interest in politics and cryptocurrencies. And this time around, the world’s richest man has showered praises on a pro-crypto candidate.  Elon Musk Compliments Pro-Crypto Ramaswamy Elon Musk revealed his admiration for Republican Presidential Candidate Vivek Ramaswamy in response to a clip of Ramaswamy’s appearance on Tucker Carlson’s online show posted on the X platform. In the tweet, Musk labeled him “a very promising candidate.” This isn’t the first time the world’s richest man has shown public support for…

SEC petitions judge to certify appeal in XRP security case

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The legal back-and-forth between the U.S. Securities and Exchange Commission (SEC) and Ripple (XRP) continues. The agency filed a petition late Friday, Aug. 18, asking Judge Analisa Torres, of the U.S. District Court for the Southern District of New York, to certify an interlocutory appeal. Recall how the SEC wasn’t happy with Torres’s previous ruling that XRP wasn’t a security. The news was celebrated by the cryptocurrency community. The market responded with a rally, led by…

Ether Futures ETFs could all get approval at same time: Report

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The United States Securities and Exchange Commission (SEC) is likely to approve multiple applications for Ether futures exchange-traded funds (ETFs) at the same time, the Wall Street Journal reported, citing sources familiar with the matter.  Since July, the regulator has been flooded with applications from several investment firms, including requests combining futures Bitcoin (BTC) and Ether strategies. As of now, the SEC has not instructed the firms to withdraw their applications, a change from 2021 when firms were instructed to withdraw similar applications. This suggests that the regulator won’t block…

China facing deflation may be bad news for Bitcoin

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On the latest episode of Macro Markets, analyst Marcel Pechman explains the impacts of the United States Federal Reserve’s balance sheet, breaking down how the Fed inflated its assets by $5 trillion between December 2019 and April 2022. Pechman notes that the expansion period coincides with a 38% crash in the S&P 500 index. Moreover, the Federal Reserve balance sheet surpassed the $8.9 trillion mark right as the stock market index reached its 4,800-point all-time high. The problem, according to Pechman, is that the U.S. Treasury Department has a huge…

Shiba Inu Whale Transfers 4.6T Tokens In One Day

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Shiba Inu (SHIB), a meme-inspired cryptocurrency, has seen a notable increase in high-value transactions, with each one costing $1 million or more. Following a strong price increase in the first half of August, this spike in transactions clearly gathered traction. Following the coin’s price explosion, a notable pattern started to emerge: whales made significant volumes of crypto movement even as the meme coin’s prices saw a correction. A huge shift was recently revealed by data provided by Whale Alert, a website that tracks significant cryptocurrency transactions, and it was masterminded…

Shiba Inu devs unveil Shibarium scaling plans amid technical challenges

Shiba Inu (SHIB) developer Kaal Dhairya has outlined strategies and plans for scaling operations on Shibarium in response to the network’s growing traffic bottlenecks.   Dhairya recently provided insights into the platform’s technical issues after the Polygon-based network experienced an unexpected surge in traffic. This led to the identification of thousands of contract creations and normal transactions within a single block.  As a precautionary measure, Shibarium entered fail-safe mode to secure user funds. To address these issues, Kaal says he’ll collaborate with knowledgeable partners, including other developers and the so-called “Unification…

97% Decrease Sparks Worries About NFTs

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Bitcoin Ordinals, once the shining star of the NFT world, is experiencing a significant downturn in both sales volume and transactions, igniting discussions about the lasting appeal of these digital collectibles.  According to a recent report from DappRadar, the fervor that propelled Bitcoin Ordinals to record-breaking heights earlier this year has dwindled, with sales volume plummeting by over 97% from its peak in May 2023. Ordinals trading and sales volume. Source: DappRadar. Ordinals: A Rapid Descent In Three Months The meteoric rise of Bitcoin Ordinals, which saw its sales volume…

The ultimate guide to password management for crypto enthusiasts

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In the world of cryptocurrencies, security is paramount. As a crypto enthusiast, one of the foundational steps to ensuring the safety of your digital assets is effective password management.  With the potential for significant financial loss in the event of a security breach, mastering the art of password protection is a critical skill. This comprehensive guide will walk you through the importance of password security, best practices for creating strong passwords and advanced techniques for managing your passwords securely. Why password security matters The first line of defense against unwanted…

Binance In Murky Waters? Analyst Says Why BNB Must Stay Above This Price

The last few days have been eventful for the crypto market following a major crash on Thursday that resulted in the loss of $1 billion in market cap. In another unnerving development, it appears that Binance, the world’s largest exchange, may be in some form of trouble as a crypto analyst shares some insight on the company. Binance To Record Heavy Losses If BNB Trades Below $212, Analyst Says According to an X post on Friday, a crypto analyst with the name MartyParty painted a rather gloomy picture for Binance…