Day: February 23, 2024

Uniswap Foundation Unveils Major Upgrade Plan, UNI Price Skyrockets 52%

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Uniswap (UNI), one of the industry’s largest decentralized cryptocurrency exchanges (DEXs), has set the stage for a major shift in its ecosystem with a proposed upgrade that could have significant implications for UNI token holders.  The upgrade aims to bolster governance participation, enhance resilience, and reward token holders for active engagement within the Uniswap ecosystem. Uniswap Takes Big Leap In Governance Uniswap Foundation (UF) Lead Developer Erin Koen, while expressing his enthusiasm, has suggested that it has been the “biggest week in Uniswap Protocol Governance” and revealed a major upgrade…

Avalanche Blockchain Faces Outage Amid Inscription Wave: AVA Labs Investigates

The Avalanche blockchain has encountered a disruption due to a “stall in block finalization.” AVA Labs’ co-founder, Kevin Sekniqi, suggested that the problem might stem from a recent surge in inscriptions. Avalanche Hits Snag as Block Finalization Stall Disrupts Service Avalanche (AVAX) is grappling with a service interruption, echoing challenges previously seen on the Solana […] Source CryptoX Portal

Axie Infinity Co-Founder Losses Over $10 Million In Hack, AXS Holds Firm

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Two personal crypto wallets belonging to Jeff “Jihoz” Zirlin, the co-founder of Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, have been compromised, reports on February 23 show. Following this hack, over $10 million worth of various crypto assets were stolen, primarily RON, the native token of Ronin Chain, the Ethereum sidechain designed explicitly for Axie Infinity. Axie Infinity Co-Founder Losses Over $10 Million In Hack According to Lookonchain data, the hacker got away with 3.2 million RON worth over $9.53 million. The co-founder also lost over $834,000 worth…

Cardano (ADA) Sees Critical Sell Signal: Analyst Raises Alarm

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In a recent technical analysis by crypto analyst Ali Martinez, known on social media as @ali_charts, a potential sell signal has been identified on the three-day chart for Cardano (ADA) against the US dollar. This analysis, shared on X on February 23, suggests caution among ADA traders due to the appearance of a bearish signal from the TD Sequential indicator. Martinez’s chart showcases the TD Sequential indicator presenting a ‘9’ signal, a classic sell indication that suggests the current trend may be exhausted and a reversal could be imminent. This…

In Lejilex vs. SEC, Crypto Goes on Offense in the Courts

But the best argument in favor of impact litigation is the industry’s track record in court. Last year, Ripple Labs scored a big victory over the SEC when Judge Torres declared that secondary sales of XRP were not securities transactions, among other important rulings. Similarly, Uniswap Labs won a thoughtful opinion from Judge Failla — who will also decide the Coinbase case — describing the nature of smart contracts and carefully distinguishing the protocol, user interface, software developers and token creators in determining liability. And Grayscale convinced a panel of…

Riot and Texas Blockchain Council Challenge US Government’s Bitcoin Mining Data Request in Court

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The publicly listed mining firm Riot Platforms and the Texas Blockchain Council have initiated legal proceedings against the U.S. Department of Energy (DOE) and other federal entities, aiming to obstruct what they deem an unauthorized data collection effort targeting the bitcoin mining industry. The legal battle underscores the escalating tension between bitcoin mining operations and […] Original

Chainlink Open Interest Sitting At Record Levels, What This Means For Price

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Chainlink has seen its open interest spike significantly in the month of February, so much so that it has reached new all-time highs. This trend has not waned despite the decline in the price of the cryptocurrency, which could paint a rather bullish picture for the LINK price going forward. Chainlink Open Interest Crosses $450 Million The Chainlink open interest ended the month of January on a high note and carried this trend into the month of February. A major jump was seen between January 31 and February 3 when…

Layer-1 Network Flare Raises $35M From Kenetic, Aves Lair

“Agreements over liquidity are excellent for a growing ecosystem,” said Flare co-founder Hugo Philion. “At this final anticipated liquidity event, I am very grateful to our early backers for continuing to be Flare’s biggest proponents and codifying a supportive, objective relationship aligned and beneficial to Flare’s growth.” Source

Uniswap (UNI) Jumps 60% on Proposal to Reward Token Holders in Major Governance Overhaul

Koen’s proposal is a significant development for the largest decentralized exchange by trading volume, marking a departure from last year’s initiative to reward token holders with accrued fees. Last June, the Uniswap community turned down a proposal that would have switched on fees for many of the exchange’s liquidity pools and distributed a part of the revenue among token holders. In an October move, the exchange started to charge a 0.15% fee on crypto swaps involving ETH, USDC and other tokens initiated on the protocol’s interface. Source

AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions – Blockchain News, Opinion, TV and Jobs

Dubai, United Arab Emirates, February 23rd, 2024, Chainwire AI Analysis (AIA) proudly announces the launch of the AIA Mastercard, its groundbreaking Crypto-to-Fiat Card, in association with Mastercard. “It’s not just a card, it’s a revolutionary step in bridging the gap between cryptocurrency and real-world transactions, offering unparalleled convenience and freedom to our users” says Faisal Rahman, Chief Executive Officer of AI Analysis. “We are proud to be at the forefront of this revolution, providing users with a tool that not only simplifies but also elevates their financial transactions.”  Unmatched Spending…