MEXC Lists Web 3.0 Infrastructure Project Point Network
A recent announcement says that the top crypto trading platform, MEXC, is listing Point Network (POINT) on September 5. Point Network is a project aimed at decentralizing every significant internet component. It does not rely on any centralized infrastructure, such as storage, domain names, etc., and instead uses decentralized alternatives for each layer.
For example, the .point domains are on Point Chain, the storage is on Arweave, and the native access is achieved by having their own web3 Point Browser, with Point Wallet integrated. Developers can also use the network to build decentralized identity solutions, decentralized social networking, and many other applications, according to the “Roadmap to Web3” by the project.
A recent announcement says that the top crypto trading platform, MEXC, is listing Point Network (POINT) on September 5. Point Network is a project aimed at decentralizing every significant internet component. It does not rely on any centralized infrastructure, such as storage, domain names, etc., and instead uses decentralized alternatives for each layer.
For example, the .point domains are on Point Chain, the storage is on Arweave, and the native access is achieved by having their own web3 Point Browser, with Point Wallet integrated. Developers can also use the network to build decentralized identity solutions, decentralized social networking, and many other applications, according to the “Roadmap to Web3” by the project.
Under-the-Radar Altcoin Explodes 200% in Just One Week As Crypto Market Volatility Returns
While the majority of the crypto market is suffering losses, an under-the-radar altcoin has skyrocketed 200% in just seven days.
MDEX (MDX), which bills itself as a “composite DeFi (decentralized finance) ecosystem,” is trading at $0.18 at time of writing, up from $0.06 seven days ago.
The 183rd-ranked crypto asset by market cap is also up more than 44% in the past 24 hours alone.
While the majority of the crypto market is suffering losses, an under-the-radar altcoin has skyrocketed 200% in just seven days.
MDEX (MDX), which bills itself as a “composite DeFi (decentralized finance) ecosystem,” is trading at $0.18 at time of writing, up from $0.06 seven days ago.
The 183rd-ranked crypto asset by market cap is also up more than 44% in the past 24 hours alone.
These Price Levels Are Critical For Bitcoin As The Crypto Contagion Hits Broader Markets
Concerns over a withdrawal run from the cash-strapped cryptocurrency exchange FTX continued to send cryptocurrencies into a tailspin this week, placing Bitcoin, Ethereum and other altcoins in harm’s way. At press time, Bitcoin was trading at $16,574 after a 1.61% drop in the past 24 hours. In the past week, the top cryptocurrency has plunged roughly 20%.
Concerns over a withdrawal run from the cash-strapped cryptocurrency exchange FTX continued to send cryptocurrencies into a tailspin this week, placing Bitcoin, Ethereum and other altcoins in harm’s way. At press time, Bitcoin was trading at $16,574 after a 1.61% drop in the past 24 hours. In the past week, the top cryptocurrency has plunged roughly 20%.
Twitter Shows Support For Bitcoin and Ether, Adds Price Indexes To Search
Social media giant Twitter adds price indexes to stocks and other top financial assets.BTC and ETH make the list of cryptocurrencies added to the search feature; however, DOGE was surprisingly left out.Crypto enthusiasts laud Elon Musk and his team for the new feature saying digital assets are now getting required recognition.Virtual assets have recorded gains this year in terms of recognition from top companies showing signs of more adoption from the centralized and the corporate world.
Twitter has rolled out a new feature to enable users to view top financial assets’ prices and related data compromising stocks and cryptocurrencies. The new $Cashtags improvement works with users imputing the full name of assets or tickers in the search icon.
Social media giant Twitter adds price indexes to stocks and other top financial assets.BTC and ETH make the list of cryptocurrencies added to the search feature; however, DOGE was surprisingly left out.Crypto enthusiasts laud Elon Musk and his team for the new feature saying digital assets are now getting required recognition.Virtual assets have recorded gains this year in terms of recognition from top companies showing signs of more adoption from the centralized and the corporate world.
Twitter has rolled out a new feature to enable users to view top financial assets’ prices and related data compromising stocks and cryptocurrencies. The new $Cashtags improvement works with users imputing the full name of assets or tickers in the search icon.
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus
Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange.
Headquartered in Panama City, Panama, Deribit is one of the largest cryptocurrency options exchanges by volume and open interest, with approximately 90% market share in bitcoin (BTC) and ether (ETH) options. The exchange also offers select futures on cryptocurrencies.
Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange.
Headquartered in Panama City, Panama, Deribit is one of the largest cryptocurrency options exchanges by volume and open interest, with approximately 90% market share in bitcoin (BTC) and ether (ETH) options. The exchange also offers select futures on cryptocurrencies.
Elon Musk-Inspired Shiba Inu (SHIB) Competitor Rises on New Crypto Exchange Listing
A Shiba Inu (SHIB) and Dogecoin (DOGE) rival is bouncing after earning new support from a popular Korea-based crypto exchange.
Floki Inu (FLOKI), which recently broke into the top 100 crypto assets by market cap, jumped from a 24-hour low of $.00004089 to a high of $.00004701 as news of listing spread – representing a 15% increase.
A Shiba Inu (SHIB) and Dogecoin (DOGE) rival is bouncing after earning new support from a popular Korea-based crypto exchange.
Floki Inu (FLOKI), which recently broke into the top 100 crypto assets by market cap, jumped from a 24-hour low of $.00004089 to a high of $.00004701 as news of listing spread – representing a 15% increase.
Myria Launches Its Native Token On OKX Exchange With A 45 Million MYRIA Airdrop
Myria, a decentralized Ethereum Layer 2 blockchain built to empower digital assets, NFT and blockchain gaming, has launched its native MYRIA token on the OKX crypto exchange.
According to the team behind the project, the token launch brings numerous benefits to the community that will empower the growth of Web3. The team is planning a 45 million MYRIA airdrop to celebrate this launch. These tokens will be distributed among 5000 lucky winners. The airdrop will be followed by the Alliance Key NFT Airdrop.
Myria, a decentralized Ethereum Layer 2 blockchain built to empower digital assets, NFT and blockchain gaming, has launched its native MYRIA token on the OKX crypto exchange.
According to the team behind the project, the token launch brings numerous benefits to the community that will empower the growth of Web3. The team is planning a 45 million MYRIA airdrop to celebrate this launch. These tokens will be distributed among 5000 lucky winners. The airdrop will be followed by the Alliance Key NFT Airdrop.
A ‘Tremendous Variety of Possible Transaction Types’ — A Look at the Conversation Between Nakamoto and Andresen
The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks need to be mined. As the scaling issues continue to plague the network, a conversation between former Bitcoin developer Gavin Andresen and the network’s creator Satoshi Nakamoto has been making rounds. Andresen expressed his concern about the software’s scripting language, which made him “nervous.” He also pointed out that there could be ways to “abuse” the scripts-in-a-transaction scheme.
Nakamoto and Andresen’s Bitcoin Scripting Language Conversation From 2010On June 17, 2010, almost 13 years ago, Satoshi Nakamoto discussed the inventor’s brainchild with former Bitcoin developer Gavin Andresen. Andresen had expressed a strong interest in the project and was working on a tool to analyze wallet data to “understand better exactly how Bitcoin works.” During their conversation, Andresen also expressed his concern about Bitcoin’s scripting language, which made him uneasy.
Andresen conveyed his apprehension about Bitcoin’s scripting language, stating, “First: it make me a little nervous that bitcoin has a scripting language in it, even though it is a really simple scripting language (no loops, no pointers, nothing but math and crypto). It makes me nervous because it is more complicated, and complication is the enemy of security.” Additionally, he noted that the language’s intricacy could make it challenging to create a second, compatible implementation.
The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks need to be mined. As the scaling issues continue to plague the network, a conversation between former Bitcoin developer Gavin Andresen and the network’s creator Satoshi Nakamoto has been making rounds. Andresen expressed his concern about the software’s scripting language, which made him “nervous.” He also pointed out that there could be ways to “abuse” the scripts-in-a-transaction scheme.
Nakamoto and Andresen’s Bitcoin Scripting Language Conversation From 2010On June 17, 2010, almost 13 years ago, Satoshi Nakamoto discussed the inventor’s brainchild with former Bitcoin developer Gavin Andresen. Andresen had expressed a strong interest in the project and was working on a tool to analyze wallet data to “understand better exactly how Bitcoin works.” During their conversation, Andresen also expressed his concern about Bitcoin’s scripting language, which made him uneasy.
Andresen conveyed his apprehension about Bitcoin’s scripting language, stating, “First: it make me a little nervous that bitcoin has a scripting language in it, even though it is a really simple scripting language (no loops, no pointers, nothing but math and crypto). It makes me nervous because it is more complicated, and complication is the enemy of security.” Additionally, he noted that the language’s intricacy could make it challenging to create a second, compatible implementation.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.
DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.
🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
Russian Banker Predicts End of Dollar Dominance as Global Power Shifts
Russia’s second-largest bank’s chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dollar as the dominant currency. “I think that the time has come when China will gradually remove currency restrictions,” he noted, adding that “China understands that they will not become world economic power number 1 if they keep their yuan as a non-convertible currency.”
VTB Bank President Predicts End of U.S. Dollar HegemonyAndrey Kostin, the chairman of state-controlled VTB, Russia’s second-largest bank, discussed the potential end of U.S. dollar dominance in an interview with Reuters, published Friday. He expressed his belief that the era of U.S. dollar dominance is drawing to a close, attributing it to the increasing prominence of the Chinese yuan and the global recognition of the consequences resulting from unsuccessful Western sanctions aimed at undermining Russia during the Ukraine crisis.
According to him, the U.S. and the European Union would lose due to their moves to freeze hundreds of billions of dollars of Russian sovereign assets. This prompted numerous countries to ramp up efforts to shift away from using the U.S. dollar and settle trades in national currencies, including the BRICS nations (Brazil, Russia, India, China, and South Africa), 10 ASEAN member countries, and nine more Asian countries. The BRICS economic bloc also has a proposal for a common currency that is expected to be discussed at their upcoming leaders’ summit.
Russia’s second-largest bank’s chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dollar as the dominant currency. “I think that the time has come when China will gradually remove currency restrictions,” he noted, adding that “China understands that they will not become world economic power number 1 if they keep their yuan as a non-convertible currency.”
VTB Bank President Predicts End of U.S. Dollar HegemonyAndrey Kostin, the chairman of state-controlled VTB, Russia’s second-largest bank, discussed the potential end of U.S. dollar dominance in an interview with Reuters, published Friday. He expressed his belief that the era of U.S. dollar dominance is drawing to a close, attributing it to the increasing prominence of the Chinese yuan and the global recognition of the consequences resulting from unsuccessful Western sanctions aimed at undermining Russia during the Ukraine crisis.
According to him, the U.S. and the European Union would lose due to their moves to freeze hundreds of billions of dollars of Russian sovereign assets. This prompted numerous countries to ramp up efforts to shift away from using the U.S. dollar and settle trades in national currencies, including the BRICS nations (Brazil, Russia, India, China, and South Africa), 10 ASEAN member countries, and nine more Asian countries. The BRICS economic bloc also has a proposal for a common currency that is expected to be discussed at their upcoming leaders’ summit.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 29 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
The owner of this channel has been inactive for the last 11 months. If they remain inactive for the next 20 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.
Crypto Scam Revenue Down 77% Year-on-Year, but Ransomware Surges in the First Half of 2023: Chainalysis
A new report from blockchain data platform Chainalysis shows that cryptocurrency-related crimes significantly dropped in the first half of 2023.
Scams, which tend to pull in the most money among crypto crimes, saw a 77% decline in revenue compared to the same period last year.
Through June, crypto scammers made nearly $3.3 billion less than in 2022 and just over $1 billion in 2023.
The decline comes amid rising prices of digital assets as Bitcoin (BTC) and other cryptocurrencies recover from the losses in 2022. The report says the drop in revenue is primarily due to the sudden disappearance of two large-scale scams, VidiLook and Chia Tai Tianqing Pharmaceutical Financial Management.
A new report from blockchain data platform Chainalysis shows that cryptocurrency-related crimes significantly dropped in the first half of 2023.
Scams, which tend to pull in the most money among crypto crimes, saw a 77% decline in revenue compared to the same period last year.
Through June, crypto scammers made nearly $3.3 billion less than in 2022 and just over $1 billion in 2023.
The decline comes amid rising prices of digital assets as Bitcoin (BTC) and other cryptocurrencies recover from the losses in 2022. The report says the drop in revenue is primarily due to the sudden disappearance of two large-scale scams, VidiLook and Chia Tai Tianqing Pharmaceutical Financial Management.
SHIB’s Potential to Surge: Insights from Analyst Michaël van de Poppe
On August 15th, cryptocurrency trader and analyst Michaël van de Poppe conducted a daily price analysis for Shiba Inu (SHIB), a meme-inspired cryptocurrency. He looked at the key price levels it needs to hold in order to sustain its bullish momentum in the coming months.
According to van de Poppe, as long as SHIB manages to stay above the critical support of around $0.00000941, there’s a high likelihood that it will continue to rise to $0.00000287.
On August 15th, cryptocurrency trader and analyst Michaël van de Poppe conducted a daily price analysis for Shiba Inu (SHIB), a meme-inspired cryptocurrency. He looked at the key price levels it needs to hold in order to sustain its bullish momentum in the coming months.
According to van de Poppe, as long as SHIB manages to stay above the critical support of around $0.00000941, there’s a high likelihood that it will continue to rise to $0.00000287.
16 Joules per Terahash: Bitmain Unveils High-Efficiency S21 Bitcoin Miners at Hong Kong Summit
Bitmain, a leading bitcoin mining rig manufacturer, has introduced the newest addition to its Antminer products: the S21 series. The newest models have an efficiency rating under 20 joules per terahash (J/T) and produce between 200 terahash per second (TH/s) and 335 TH/s.
Bitmain Launches 2 New Antminers; Invests $54M in Core ScientificAt the 2023 World Digital Mining Summit in Hong Kong, Bitmain showcased its latest rigs from the Antminer S21 series. One machine employs hydro mining, and the other is air-cooled.
The S21 Hyd achieves up to 335 TH/s with an efficiency rating of 16 J/T. In contrast, the air-cooled S21 miner delivers up to 200 TH/s and has an efficiency rating around 17.5 J/T.
Bitmain, a leading bitcoin mining rig manufacturer, has introduced the newest addition to its Antminer products: the S21 series. The newest models have an efficiency rating under 20 joules per terahash (J/T) and produce between 200 terahash per second (TH/s) and 335 TH/s.
Bitmain Launches 2 New Antminers; Invests $54M in Core ScientificAt the 2023 World Digital Mining Summit in Hong Kong, Bitmain showcased its latest rigs from the Antminer S21 series. One machine employs hydro mining, and the other is air-cooled.
The S21 Hyd achieves up to 335 TH/s with an efficiency rating of 16 J/T. In contrast, the air-cooled S21 miner delivers up to 200 TH/s and has an efficiency rating around 17.5 J/T.
Valkyrie Exec Expects U.S. Spot Bitcoin ETF Approvals To Come As Soon As This Month
Valkyrie Investments’ chief investment officer (CIO), Steven McClurg, believes the US Securities and Exchange Commission will finally approve exchange-traded funds that invest directly in Bitcoin this month.
Spot ETFs To Hit The U.S. Market This Month?Amid all the current developments surrounding the approval of spot Bitcoin exchange-traded funds (ETFs), a top executive at crypto asset manager Valkyrie predicts that an ETF product — which investors have been waiting on for over 10 years — could get the regulatory nod this month.
Valkyrie Investments’ chief investment officer (CIO), Steven McClurg, believes the US Securities and Exchange Commission will finally approve exchange-traded funds that invest directly in Bitcoin this month.
Spot ETFs To Hit The U.S. Market This Month?Amid all the current developments surrounding the approval of spot Bitcoin exchange-traded funds (ETFs), a top executive at crypto asset manager Valkyrie predicts that an ETF product — which investors have been waiting on for over 10 years — could get the regulatory nod this month.
Bitcoin’s Recent Surge on Exchanges: Binance and Bitfinex Lead With $871M Inflow
On Dec. 4, 2023, the amount of bitcoin stored on centralized cryptocurrency exchanges hit a low of 2,001,259. However, recent data indicates that within a span of less than a week, exchanges have seen an influx of 21,436 bitcoin, valued at approximately $928 million. Moreover, more than 60% of this newly deposited bitcoin was transferred to Binance.
Centralized Exchanges See $928M Bitcoin Influx; Binance Receives Over 60%
This year has witnessed a significant decline in the quantity of bitcoin (BTC) held on crypto trading platforms. As of December 4, the figure stood just above the two million mark, with approximately 2,001,259 BTC. This information, sourced from cryptoquant.com, confirms that the leading digital currency has maintained levels above the two million threshold. Following this, an influx of 21,436 BTC has been observed flowing into centralized crypto exchanges.
On Dec. 4, 2023, the amount of bitcoin stored on centralized cryptocurrency exchanges hit a low of 2,001,259. However, recent data indicates that within a span of less than a week, exchanges have seen an influx of 21,436 bitcoin, valued at approximately $928 million. Moreover, more than 60% of this newly deposited bitcoin was transferred to Binance.
Centralized Exchanges See $928M Bitcoin Influx; Binance Receives Over 60%
This year has witnessed a significant decline in the quantity of bitcoin (BTC) held on crypto trading platforms. As of December 4, the figure stood just above the two million mark, with approximately 2,001,259 BTC. This information, sourced from cryptoquant.com, confirms that the leading digital currency has maintained levels above the two million threshold. Following this, an influx of 21,436 BTC has been observed flowing into centralized crypto exchanges.
Why Experts Foresee Solana (SOL) Outshining Ethereum (ETH) By 500% In the Next Bull Run
The co-founders of leading crypto analytics firm Glassnode, Jan Happel and Yann Allemann, foresee Solana (SOL) outperforming Ethereum (ETH) by a staggering 500% in the next bull run.
The duo who operate under the X account “Negentropic” recently shared their optimistic outlook on Solana’s potential ascent. Notably, their perspective was inspired by a recent interview featuring macroeconomist Henrik Zeberg and Global Macroinvestor CEO Raoul Pal, where the discussion centered around the potential for a remarkable rally in the SOL/ETH chart.
The co-founders of leading crypto analytics firm Glassnode, Jan Happel and Yann Allemann, foresee Solana (SOL) outperforming Ethereum (ETH) by a staggering 500% in the next bull run.
The duo who operate under the X account “Negentropic” recently shared their optimistic outlook on Solana’s potential ascent. Notably, their perspective was inspired by a recent interview featuring macroeconomist Henrik Zeberg and Global Macroinvestor CEO Raoul Pal, where the discussion centered around the potential for a remarkable rally in the SOL/ETH chart.
Crypto Pioneer Arthur Hayes Slams Cardano’s ADA As ‘Dogshit’; Hoskinson Responds
BitMEX founder and former CEO Arthur Hayes has thrown shade at Cardano (ADA), contemptuously calling it “dogshit”. His controversial comment prompted Cardano creator Charles Hoskinson to respond on the X social media platform.
Why The ADA Shade?In a recent Twitter post, Bitcoin billionaire Arthur Hayes shared an image showing the fee generation of several decentralized applications (dApps) and protocols across the crypto industry and called into question the existence and performance of ADA-based applications within this space.
The image by the BitMEX founder is from the crypto analytics platform Token Terminal. It portrays a bar chart of different cryptocurrency projects, including Kwenta, Gains Network, Aura Finance, Curve, Lido Finance, and Uniswap, ranked by the fees they have amassed over the last year. As per the data, the top fee-generating projects are Aave, MakerDao, Uniswap and Lido Finance.
BitMEX founder and former CEO Arthur Hayes has thrown shade at Cardano (ADA), contemptuously calling it “dogshit”. His controversial comment prompted Cardano creator Charles Hoskinson to respond on the X social media platform.
Why The ADA Shade?In a recent Twitter post, Bitcoin billionaire Arthur Hayes shared an image showing the fee generation of several decentralized applications (dApps) and protocols across the crypto industry and called into question the existence and performance of ADA-based applications within this space.
The image by the BitMEX founder is from the crypto analytics platform Token Terminal. It portrays a bar chart of different cryptocurrency projects, including Kwenta, Gains Network, Aura Finance, Curve, Lido Finance, and Uniswap, ranked by the fees they have amassed over the last year. As per the data, the top fee-generating projects are Aave, MakerDao, Uniswap and Lido Finance.
Economist Alex Krüger Says TradFi Firms Have Three Options When It Comes to Bitcoin (BTC) – Here’s What He Means
Widely followed economist and crypto analyst Alex Krüger says that traditional finance (TradFi) firms have a choice to make when it comes to Bitcoin (BTC).
Krüger tells his 169,200 followers on the social media platform X that TradFi portfolio managers will likely underperform everyone else for the next 10 years if they don’t accumulate Bitcoin now.
Widely followed economist and crypto analyst Alex Krüger says that traditional finance (TradFi) firms have a choice to make when it comes to Bitcoin (BTC).
Krüger tells his 169,200 followers on the social media platform X that TradFi portfolio managers will likely underperform everyone else for the next 10 years if they don’t accumulate Bitcoin now.