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Legion’s new investor scoring system aims to level the playing field by prioritizing actual contributions over speculative funds. Legion aims to prioritize community values over capital in token raising. Posted October 29, 2024 at 8:00 AM ET. Cryptocurrency funding platform Legion today announced the launch of Legion Score, a new reputation system designed to evaluate investors on criteria that go beyond just financial contributions. The system was developed by Delphi Labs and operates across multiple blockchains, including Solana and Ethereum, and aims to create a more balanced and transparent funding environment in the cryptocurrency space. Legion Score assigns investors a…
Crypto whales have amassed tens of millions of dollars worth of funds from two major exchanges to one Ethereum (ETH) rival, according to on-chain data. Blockchain tracking firm Lookonchain reports that three deep-pocketed investors have suddenly accumulated nearly $35 million worth of Solana (SOL) from Binance and Kraken. “Whales are saving SOL!” AA21…VxH9 withdrew and staked 153,511 SOL ($26.4 million) from Binance in the past 6 days (starting October 27). EHax…gAUa withdrew and staked 35,498 SOL ($6.12 million) from Binance and Kraken in the past 3 days (starting October 27th). EGzi…mR7g withdrew 13,000.8 SOL ($2.3 million) from Binance (on October…
New technological challenges and opportunities emerge as the cryptocurrency ecosystem and DeFi grow LONDON, UK / ACCESSWIRE / October 29, 2024 / Among them, MEV (Maximum Extractable Value) has become one of the most important challenges facing smart contract blockchains like Ethereum. MEV refers to the way block producers extract value from users by rearranging, inserting, or censoring transactions within blocks. ZENMEV deeply analyzes these MEV issues and provides new strategies to protect and efficiently manage user assets.What is MEV?MEV represents an opportunity for block producers to generate additional revenue by changing the order of transactions within a block. This…
Written by Gloria Mathias today Blockchain technology Decentralized finance DeFi SecureDapp, a blockchain security platform, launched SecureWatch, a real-time threat detection and mitigation tool designed to leverage blockchain technology to protect industries, at IIT Kanpur’s C3iHub’s Conference on Emerging Trends in Cybersecurity. announced. SecureWatch focuses on protecting critical digital assets and provides security solutions to sectors such as financial services, supply chain, healthcare, insurance, real estate, and government to meet the growing cybersecurity challenges of today’s digital world. We aim to do so. The blockchain industry has experienced significant growth of 47.1% over the past four years and is projected…
Home > News > Business > Tether: US could ‘kill us’ after latest criminal investigation report Stablecoin giant Tether has once again denied that it is a target of US law enforcement for allegedly violating economic sanctions and anti-money laundering (AML) regulations. On October 25, The Wall Street Journal reported that the U.S. Department of Justice (DoJ) has issued a review of Tether regarding the use of the USDT stablecoin by and efforts by third parties involved in drug trafficking, terrorism, and cyber theft. reported that it is investigating. Parties laundering the proceeds of illegal activities. The investigation is reportedly…
Here’s a 2-minute breakdown of everything important that happened in crypto today.When I woke up from my beautiful sleep and checked my cryptocurrency wallet, everything was green. It’s not the usual green color that means you may be recovering. I’m talking about “Has the bull finally gotten here?”As it turns out, while I was counting sheep, Bitcoin casually climbed above $71,000.It’s not just the price that’s amazing. That’s how we got here. While most of us were going about our daily lives, debating Fed policy or studying election polls, something big was happening in cryptocurrencies.So what’s going on? Let’s understand…
After surging 42% in the past two weeks, DOGE investors are ready to diversify into Dogecoin rivals. Following Elon Musk’s bold pledge to cut public spending by $2 trillion through the Department of Government Efficiency (DOGE), three Dogecoin alternatives are gaining traction and are positioned for potential growth. Department of Government Efficiency (DOGE), Popcat (POPCAT), and Dogwifat (WIF) are among the fastest-rising stocks among the top 100 crypto assets by market capitalization, with Dogecoin’s gains driving these stocks. If there is an inflow, there is a possibility of recording explosive profits. Three Dogecoin rivals are poised to prosper DOGE price…
In the dynamic world of cryptocurrencies, staying ahead means not only adapting to market changes, but also setting trends. BlockDAG (BDAG) has done just that with its latest strategic move: a comprehensive rebrand and redesign of its website. This new user-centric design simplifies the process for users, from participating in pre-sales to navigating a project’s development roadmap. The fresh and intuitive interface is designed to greatly improve the user experience, making it easy for both beginners and seasoned crypto enthusiasts to get involved. This redesign turns out to be more than just a facelift. Community and platform interactions have been…
At an event in Switzerland, Tether CEO Paolo Ardoino shared new details about the USDT reserve. He said the stablecoin holds $100 billion in U.S. Treasuries, 82,000 Bitcoins worth $5.5 billion, and 48 tons of gold. This is the first time Tether has publicly disclosed details of its reserves. This announcement proved the company’s strong position in the crypto market.Also read: Bitcoin regains $71,000: Will BTC reach a new peak this week?Understanding the USDT Reserve: Financial Insights and Stability ConcernsReserve configuration breakdownU.S. Treasuries make up 83.5% of USDT reserves. At current prices, Bitcoin holdings account for 4.6% of reserves, with…
TL;DR Despite the recent decline, one analyst predicts that XRP could breakout to $7.50 by the end of 2024. Increased XRP trading, new account activations, and payment amounts suggest growing demand and user engagement, which could increase upward price pressure. Is XRP breakout coming soon? The crypto market has been booming in recent days, with Bitcoin (BTC) at one point soaring above $71,000 and Dogecoin (DOGE) soaring to a five-month high of about $0.17. However, some assets such as Ripple’s XRP are not riding the green wave. It is currently trading at around $0.52, a weekly decline of 4%. XRP…