Month: January 2024

Supply Hits Historical High-Risk Levels, Brace For Impact?

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Data shows the XRP supply in profit is currently at levels that have historically put the cryptocurrency’s price in a high-risk zone. XRP, Bitcoin, And Ethereum Are All In High-Risk Zone Right Now According to data from the on-chain analytics firm Santiment, Bitcoin, Ethereum, and XRP are assets that may be in a high-risk zone currently when compared to their historical averages. The indicator of interest here is the “Percent of Total Supply in Profit,” which, as its name suggests, tracks the percentage of the total circulating supply of any…

Understanding a ‘Friendly’ Way to Manage DAOs

Relatedly, delegation in DAOs won’t go away in this trend towards abstraction, but users will have far more leverage with how their votes get used. For example, GOA can allow scoped delegations guarded by smart account plugins, executed by agents (e.g., only use my votes for one day, or, vote no on any proposal made by Alice). These agents may or may not be actual people. Or, they may be a market (another topic entirely). Source

Tether (USDT) Purchased 8.8K Bitcoin (BTC) at End of Q4

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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…

Solana (SOL) Price Eyes $120 Amid Surge in Network Usage

Solana price has reclaimed the $100 territory on Jan. 18, but vital on-chain metrics are flashing signals of a prolonged rally toward $120.  Following the Bitcoin spot ETF approval verdict, Bitcoin dominance has waned as investors redirect capital towards the altcoin markets. In effect, Layer-1 projects, including Solana (SOL), Ethereum (ETH), and Cardano (ADA) have witnessed increased demand this week.  Solana network usage has hit a 2024 peak  Solana bulls have fiercely defended the $90 support level amid intense volatility in the cryptocurrency markets. At the time of writing on…

Bitcoin Layer-2 Ecosystem Poised for Growth With ‘Big Four’ of Lightning Network, Stacks, Liquid, Rootstock

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The projects will need refinement so they don’t fall victim to the inherent limitations of the Bitcoin network, according to the authors. One particular upgrade on the radar is Stacks’ Nakamoto Release, designed to enable cheap BTC transfers on a L2, improving transaction speeds to around five seconds instead of 10 to 30 minutes or even more. Original

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