“The stale Oracle issues currently impact withdrawals, not deposits, I think, so it’s leading to some accusations from users who feel that MarginFi is just taking their deposits and not letting them withdraw,” the builder of popular liquid staking service SolBlaze told CoinDesk in a Telegram message. Source
Month: April 2024
Russian Central Bank Chief: Mass Adoption of Digital Ruble Expected in 5 to 7 Years
Elvira Nabiullina, head of the Russian central bank, has stated that the mass launch of the digital ruble will take five to seven years. This appears to contradict recent suggestions by the chairman of the State Duma Committee on the Financial Market that the launch will begin next year. No Decision Before 2025 Elvira Nabiullina, […] Source CryptoX Portal
Myro, Raboo, and MOG coin set for billion-dollar market cap
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Three contenders stand out as the next meme coin set to produce big returns — Raboo, Myro, and MOG Coin. Each meme coin offers a different angle for investors seeking opportunities in the growing field of meme coins. The landscape of crypto, particularly the meme coin sector, is on the cusp of big things as we approach the Bitcoin halving. Raboo pioneering with AI Raboo, currently in the middle…
A16z Crypto Introduces Jolt zkVM for Blockchain Scaling
Andreessen Horowitz (A16z) Crypto has introduced Jolt, a zero-knowledge solution that integrates SNARKs, enabling faster SNARK-based Layer 2 solutions and enhanced security for developers. To tackle the scalability issues that blockchain networks are facing, A16z Crypto, the investment company Andreessen Horowitz’s cryptocurrency-focused branch, has unveiled Jolt, a zero-knowledge solution known as zkVM. This creative technique integrates SNARKs (Succinct Non-Interactive Arguments of Knowledge) in an effort to expedite and simplify blockchain scaling procedures. What is zkVM (Jolt)? Jolt is a revolutionary approach to virtual machine construction validated using SNARKs. It offers…
US Senator Says ‘So Much Appeals to Me About Bitcoin’
U.S. Senator Marsha Blackburn has revealed that there is “so much that appeals” to her about bitcoin. She explained that as we move forward and people are more comfortable with the cryptocurrency, “there will be more transactions in your daily life where bitcoin is accepted as a form of payment.” Senator Blackburn on Benefits of […] Original
Bitcoin 2 Months Through “Euphoria Wave,” How Long Was The Last One?
On-chain data shows Bitcoin has been going through a “euphoria wave” for two months. Here’s how long it was in this phase during the last bull run. Bitcoin Has Been In Euphoria Wave Phase According To Supply In Profit According to the latest weekly report from the on-chain analytics firm Glassnode, the current BTC cycle is similar to the last one regarding the “Supply Profitability State.” This indicator is based on the “Percent Supply in Profit,” which keeps track of the percentage of the total circulating Bitcoin supply that’s currently…
Crypto Analyst Firm On $1.7 Prediction For ADA
Investors and analysts are trying to predict Cardano’s (ADA) price’s future performance. As the price continues to show red numbers, a top crypto analyst considers that ADA is “right where it should be.” Cardano Loses 10th Spot Against Telegram’s Toncoin Cardano’s recent spotlight has highlighted its disappointing price performance and lack of appeal for traders. Despite its technology and strong community, the ecosystem lacks the activity and demand of other chains like Solana. Recently, Charles Hoskinson defended the project, stating that “Cardano always wins,” referencing a poll ranking the best…
Lawmaker Highlights 2 Bills to Make US a Crypto Leader — Says Bitcoin Is ‘Unstoppable’
Congressman Patrick McHenry says bitcoin is unstoppable and every regime that’s tried to shut it down has failed. He emphasized that the U.S. must become a leader in digital assets, noting that two congressional bills offer a path toward clear regulations. Two Pieces of Legislation Could Provide Greater Clarity in Digital Assets Congressman Patrick McHenry […] Original
Bitcoin Tumbles on Hot CPI Data, But This Analyst Stays Ultra Bullish: Here’s Why
The better-than-expected United States Consumer Price Index (CPI) released on April 10 is already sending shock waves through the financial market. Bitcoin and most crypto assets are trading lower, extending losses recorded on April 9, weighing negatively against optimists. United States CPI Data Came In Hot According to Trading Economics data on April 10, CPI, a key economic metric for gauging inflation, rose 0.4% in March, pushing the annual inflation rate to 3.5%. Notably, this surpassed economist predictions and, most importantly, dashed hopes for the United States Federal Reserve (Fed)…
Binance CEO Discusses Company’s Plan After Settlement With US Authorities
Binance’s chief executive has shared his company’s future direction and areas of focus following its settlement with U.S. authorities, including the Department of Justice (DOJ). “We have moved past that as the company move into greater maturity,” he insisted, adding that the crypto firm is focusing on “sustainability.” ‘The Direction of Travel Is Very Clear’ […] Source CryptoX Portal