Top global crypto exchange Binance has rolled out trading support for the new Ethereum (ETH) layer-2 scaling project Starknet (STRK). Starknet kicked off its first token allocation on Tuesday. The project plans to distribute more than 700 million Starknet tokens to nearly 1.3 million addresses. Eligible individuals and groups will have four months to claim their tokens, and unclaimed STRK will be distributed in future rounds. Binance attached a seed tag to STRK. The exchange applies seed tags to lower-liquidity tokens that have more volatility potential, and users who own…
Month: February 2024
Hong Kong Financial Services Dept. Doubles Down on Stablecoin and OTC Rules Promise
“Subject to the consultation outcomes and progress of the preparatory work, the Government will submit bills on the above licensing regimes to the Legislative Council as soon as practicable,” Secretary for Financial Services and the Treasury Christopher Hui said in a written reply to a question about regulating crypto trading. Source
Turkey’s Upcoming Crypto Rules Will Protect Users While Fostering Innovation, Lawmaker Says
Ömer İleri, who oversees Information and Communication Technologies for Turkey’s ruling party, met with representatives of the crypto sector to discuss upcoming regulations. Source
Restaking Protocol KelpDAO Brings Liquidity to EigenLayer Points
EigenLayer, launched last year, allows ether stakers to restake their coins. Staking is a method to secure a blockchain by locking coins on the network in return for rewards. For instance, when ether holders deposit their ETH on the network, they boost the network’s security and earn rewards. Source
Roqqu Announces the Inclusion of Bitcoin.com’s VERSE Token on its Wallet Platform, Aiming to Foster DeFi in Africa
PRESS RELEASE. 21st February, 2024 – Roqqu, a leading African blockchain technology company with over 1.6 million users and a vibrant community of 700,000 active users, is thrilled to announce the listing of VERSE token, the official utility and rewards token of Bitcoin.com, on its robust wallet platform. This integration marks a significant stride in […] Original
Ethereum Analyst Eyes $4,500 After ETH Breached $3K
Amidst the dynamic world of cryptocurrencies, Ethereum, the second-largest digital currency, has ignited investor enthusiasm, driven by a bold prediction from Michaël van de Poppe, CEO of MN Trading. Van de Poppe’s forecast projects a remarkable climb for Ethereum, anticipating a potential surge to the range of $3,800 to $4,500. This optimistic outlook gains momentum as Ethereum’s current valuation hovers around $2,980, showcasing a robust performance while its counterpart, Bitcoin, grapples with market challenges. Ethereum: Fueling Bullish Momentum Several factors contribute to Ethereum’s bullish momentum, a sentiment emphasized by Van…
Charles Hoskinson Signals Alert of Legacy Finance’s Creeping Influence in Crypto
In a video address, Charles Hoskinson casts a spotlight on the advance of traditional financial mechanisms into the realm of cryptocurrency, warning that the essence of digital currencies is at stake. Charles Hoskinson Warns of Crypto’s Creeping Centralization In a recent video titled “Legacy is Eating Crypto,” Charles Hoskinson, the co-founder of Ethereum and Cardano, […] Source CryptoX Portal
Bitcoin might correct after hitting $50k; AI altcoin attracts investors
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The recent surge of Bitcoin (BTC) to $50,000 has caused excitement and, at the same time, caution among investors and fans. However, with this achievement, a fear of a prompt correction from the market arises. At the same time, a promising AI altcoin, Borroe Finance (ROE), is attracting investors and emerging as a substitute for Bitcoin’s monopoly. Bitcoin’s surge to $52,000 Analysts have been pondering the chance of Bitcoin…
US Judge Urged to Approve Binance’s $4.3 Billion Plea Deal
A U.S. Federal Judge has been urged to accept a plea deal from U.S. authorities with the cryptocurrency exchange, Binance. Prosecutors, in a memorandum, have asserted that the agreed-upon sanctions are commensurate with the extent of Binance’s deliberate law violations. Binance’s Alleged Refusal to Register as a Money Services Business U.S. prosecutors have reportedly urged […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Render Climbs 60% This Month, Keeps Investors Upbeat
With AI enveloping much of the media we consume nowadays, Render (RNDR) rides the bullish wave around generative content. According to Coingecko, the token is up over 26% this week with the biggest jump occurring at the monthly timeframe at 60%. It shows that investors are still excited by Render’s possible role within the media space. The protocol is continuing to develop its capabilities relative to the needs of the media and AI industries. For example, 2023 brought Render to the eyes of the broader public as it carried out…