Day: January 18, 2024

Will It Boost UNI Demand?

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Uniswap Labs, the developer of Uniswap–a decentralized exchange, has introduced a new security feature called Permit2. Taking to X on January 18, the DEX developer said this update addresses the “infinite token allowances” vulnerability that hackers can exploit. This flaw risked user funds, and the new feature is meant to resolve this concern. Uniswap Sealing Infinite Token Allowance Risks In crypto, especially among decentralized finance (DeFi) protocols, the “token allowance” is permission initiated by the user granting smart contracts access to tokens. From there, assets can be moved. With this permission,…

How crypto becomes a big player in the 2024 presidential elections

Crypto is an important theme in the 2024 presidential race, influencing political funding and voter priorities. The influence and importance of crypto in U.S. elections have gained momentum in recent years, marking a new era in political funding and voter priorities. For the 2024 presidential elections, crypto is not just a fringe issue but one of the central themes in the political discourse. This trend is reflected in both the Democratic and Republican parties, where candidates have been actively advocating for crypto-related regulations and policies. President Biden signed an executive…

Flowdesk, Liquidity Provider for Grayscale Bitcoin ETF, Raises $50M

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Crypto Crime Amounted to Over $24B in 2023: Chainalysis

Another caveat to the research is the prevalence of transactions with sanctioned entities, which accounted for a combined $14.9 billion (61.5%) of volume in 2023. Some of this $14.9 billion includes transactions from normal crypto users who happen to live in sanctioned jurisdictions. After all, not all of the Russia-based crypto exchange Garantex, which was sanctioned by the relevant bodies in both the U.S. and U.K. are using crypto for money laundering and ransomware. Source

Trillion-Dollar Franklin Templeton Shares High Praise For Solana, Is A SOL ETF Coming?

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American multinational asset management company Franklin Templeton has showered high praises on Solana, triggering widespread speculation about the potential of a Solana ETF in the future.  Franklin Templeton’s Approval Of Solana Sparks ETF Talks On Wednesday, January 17, Franklin Templeton’s official X account expressed their admiration for the Solana, commending the blockchain network’s progress and continuous developments within its ecosystem.  The asset management company highlighted Solana’s notable accomplishments during the fourth quarter of 2023. Specific mentions were made regarding Solana’s innovative NFT projects over the past months, its impactful presence…

Spot Bitcoin ETFs net inflow approaches $3b

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Net inflows into spot Bitcoin (BTC) ETFs on the fourth day after launch approached $3 billion. According to BitMEX Research data released on Jan. 18, 4-day net inflows into Bitcoin spot ETFs (excluding GBTC) totaled $2.9 billion. Among these 11 ETFs, BlackRock, Fidelity, and Bitwise eclipsed the list of inflows, ranking among the top three ETF service providers in the trade sphere. The Fund received $1.085 billion, $884 million, and $375, respectively. Cointucky Derby – Day 4 Flow – CHART After 4 days of spot Bitcoin ETFs. There is over…

dYdX Beats Uniswap, Bitcoin Outlook Dour

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Decentralized exchange dYdX, which recently migrated from Ethereum to Cosmos, has replaced one of Uniswap’s markets as the largest DEX by daily trading volume, according to data from CoinMarketCap. The Cosmos-based v4 version of dYdX just saw $757 million of volume over a 24-hour period, topping Uniswap v3, which had $608 million, the data shows. dYdX’s v3 market, which still operates, had $567 million, enough for third place. According to dYdX, the total trade volume so far for its v4 market since launch is $17.8 billion. In 2023, dYdX’s v3…

Solana likely to rally; GFOX presale targeting $5m

The Ethereum (ETH) rally has dominated markets, following Bitcoin’s (BTC) sustained rally since June last year. Typically, liquidity flows to BTC, then ETH, and, lastly, altcoins, washing down from majors to small caps. If the second liquidity flow has started, it is only a matter of time until other top 10 crypto coins start their respective rallies.  Investors should target the strongest major and a strong front-runner in the micro caps, ideally a presale.  Meanwhile, Solana (SOL) could see another rally based on ecosystem growth, and the Galaxy Fox (GFOX) presale…