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Also Read: Bitcoin Supply on Exchanges Hits 5-Year Low Amidst Growing Investor Demand advertisement A Wall Street Journal report on Friday cited sources in the SEC officials as saying that the recent spot ETF applications are inadequate. The regulators said the filings were not clear and comprehensive as details of the surveillance sharing agreement with crypto exchanges was missing. However, this is most likely to be a request to refile on the grounds of incomplete information in the filings. Bitcoin Price Showed Overreaction? Reacting to the market reaction to the US SEC news on the filings, popular analyst Will Clemente said the traders might have overreacted to what was just a technical concern that Blackrock and Fidelity can fix in the refiling. Hence, the refilings from the asset managers could have a mention of Coinbase as the Bitcoin exchange they are linked with to have the surveillance sharing agreement. Think the market is overreacting here,...

Amidst the overwhelming presence of canine-themed cryptocurrencies in the market, the introduction of the frog-themed PEPE coin brought a fresh and much-needed perspective. This meme-inspired coin became the catalyst for numerous individuals to achieve millionaire status, while others experienced significant gains. Despite a period of decline last month, some fortunate investors continued to reap profits from their PEPE holdings. As per the findings of blockchain sleuth Lookonchain, an opportune investor joined the PEPE revolution at a favorable moment. The investor acquired a staggering 199 billion tokens by investing 0.1 ETH. Demonstrating quick action, the investor promptly sold their entire holdings for 99 ETH, realizing significant returns on their initial investment. Source In addition to their involvement in the original frog-themed coin, the investor also seized the opportunity to invest in PEPE 2.0. After the launch of PEPE 2.0, the investor swiftly purchased 3.88 trillion tok...

Join Our Telegram channel to stay up to date on breaking news coverage What A PWC study sees smart contracts replacing classic contracts completely over time Why They are faster, more effective, cheaper, and more mangeable thanks to AI What Next Many smart contract users also plan to combine them in sustainable or decentralized finance The use of smart contracts in the financial industry is increasing, and they are expected to become the standard in the long term, according to a study by PwC. The study found that 52% of IT decision-makers in the financial sector plan to introduce smart contracts in the near future. Over a third of respondents expect smart contracts to replace traditional financial transactions. Smart contracts offer advantages such as accelerated and more effective business processes, cost savings through automated execution and monitoring, and the ability to adjust rates or clauses promptly with the help of AI. IT decision-maker...

Two “countries” exist in our current monetary paradigm, Jordi Visser says: fiat and crypto. The president and chief investment officer of Weiss Multi-Strategy Advisers explains that people around the world are escaping the fiat system and settling in the crypto world for better opportunities. Visser spoke to Blockworks on a recent episode of On the Margin (Spotify/Apple) about the global phenomenon. While the trend might not be as apparent in the western world, “70% of [crypto] users are in Asia,” he says. “I don’t think people fully grasp the importance of that.”  With the highest population of any continent on the planet, many of Asia’s inhabitants are realizing that they don’t have to “move to the United States, go to the best colleges here, get a job.” The need to move elsewhere for a better education is diminishing, thanks in large part to the internet, which grants the ability to be educated anywhere in the world, he says. Not only is education far more accessible, setting...

Cryptocurrencies are constantly evolving and meme coins have gained popularity among investors. One of the newest meme coins, Alex The Doge, stands out due to its combination of meme culture and GameFi Features . This article will discuss three compelling reason s ALEX is poised to rank among the top 100 cryptocurrencies. >>>>Buy ALEX presale now<<<< Reason 1: harnessing the meme magic The impact of memes on cryptocurrencies should not be underestimated. Alex The Doge is aware of this fact and has taken advantage of it by using the popular Shiba Inu meme made famous by Dogecoin. This has helped the project establish a relatable and entertaining identity that has piqued the interest of potential investors. You might also like: Doge army unite: Dogecoin, Tamadoge, and Alex The Doge  In the world of meme coins, the community is crucial. Alex The Doge has successfully utilized the social currency of the doge meme to create an enga...

On-chain data shows that the Bitcoin exchange supply has dropped to its 2017 level. Centralized crypto exchanges hold less than 12.5% of Bitcoin’s circulating supply. The drop in Bitcoin exchange supply began in 2020, after the third Bitcoin halving. Data from Roots, the Bitcoin on-chain and cycle analyst, shows that the Bitcoin exchange supply has dropped to its 2017 level. According to Roots, centralized crypto exchanges (CEX) hold less than 12.5% of Bitcoin’s circulating supply, and chances are institutions with over $10 trillion in assets under management (AUM) may be coming after that. WTF happened to exchanges? #Bitcoin https://t.co/AGQpbBGXwm pic.twitter.com/SkRFmQOa5Y — Root (@therationalroot) June 27, 2023 Additional data from Roots showed the drop in Bitcoin exchange supply began in 2020, after the third Bitcoin halving. That period coincides with the launch of multiple Bitcoin ETFs and several institutional investors in the crypto indus...

Join Our Telegram channel to stay up to date on breaking news coverage The freelancing industry has grown exponentially in recent years. As per the stats, more than 65% of job holders want to work as remote employees. The global gig economy will cross $450 billion this year, and the freelancing industry will have a value of more than $12 billion by 2028. With the rapid growth of Web3 technology, it is expected that the freelancing ecosystem will change the perception of the work in upcoming times. For the purpose of combining the world of freelancing and Web3 technology, developers have launched DeeLance as the next-generation platform where the world can work smartly together. It integrates the freelancing industry with the Features of the metaverse, NFTs, and other elements of Web3 technology. Read ahead as we discuss the potential and roadmap of DeeLance in its journey of dominating the freelance metaverse. DeeLance Will Change the Freelancing Industry Forever The ecosys...

Join Our Telegram channel to stay up to date on breaking news coverage Over $11 billion worth of cryptocurrencies has been stolen in different cryptocurrency hacking incidents since 2011. The figures calculated by InsideBitcoins.com show that a significant amount was lost in cryptocurrency exchange hackings. Other affected platforms include cryptocurrency wallets and mining platforms. The first blockchain hacking was in 2011 when Tokyo based Mt.Gox lost approximately 2000 BTC ($17.2 million). This was the only hack to be recorded that year. The hack was allegedly orchestrated due to a compromised computer belonging to an auditor within the firm. By Jan 2014, Mt.Gox was the leading Bitcoin exchange in the world based on the fact that it controlled at least 70% of all global Bitcoin transactions. However, the exchange suffered one of the biggest hacks in the world that rendered it bankrupt three years later. In February 2014, the exchange lost approximately $6.5 billion worth of...

The International Society for Technology in Education (ISTE) program is set to open its doors to the latest edition of its annual meetup set to be held starting June 26, 2023.  The conference is set to bring together educators, learners, and technology enthusiasts from around the world to share and gain knowledge on the advancement in tech in the education sector. The Philadelphia-based conference will bring together thought-provoking speakers, including Joyce Abbott, Tyler James Williams, Sawsan Jaber, the IDEA Teacher of the Year; and Sherry Lachman, the head of Social Impact at OpenAI. The edtech-focused conference will also see many companies working on education and technology join in, including TinyTap, a platform promoting learning via its create-to-earn innovation; Kahoot! EDU Inc., a web2 app that allows anyone to create, share and host meaningful lessons; Microsoft Inc, ASUS, Meat, T-Mobile, Samsung, and more.  You might also like: Binance taps artificial intelli...

The introduction of Pepe Coin [PEPE] brought about significant changes in the cryptocurrency industry. It generated a considerable amount of excitement, surpassing other well-known meme coins in popularity. However, both PEPE’s dominance and its value experienced a decline, leading the asset to maintain a low profile. Now, once again, the frog-themed cryptocurrency has resurfaced, capturing attention with its recent price movements. PEPE, the meme coin, experienced a remarkable surge of 65% in weekly gains, propelling its value to reach a peak of $0.00000173. Santiment, a market analytics firm, noted that this upward trend was driven by an escalation in whale activity within the market. Specifically, PEPE witnessed a substantial increase in both whale transactions and volume. Source This trend was starting to reverse as the trading volume of the asset, particularly in large transactions, experienced a significant decline. Data from IntoTheBlock indicated that the volume of large transa...

Uniswap, the largest crypto decentralized exchange by volume, recently broke news of a series of planned updates, including the introduction of a single contract pool structure. The “singleton contract” is not yet implemented on Uniswap, but similar technology can already be found on the Ambient decentralized exchange, or DEX.  Founder of the competing DEX, Doug Colkitt, spoke to Blockworks on an upcoming episode of the 0xResearch podcast (Spotify / Apple) about the advantages of the new slimline design. “The big deal” with the new architecture , Colkitt says, is that in previous DEXs, “every time you had a new pool, you had to stand up a new contract .” “It meant that every single contract was individually managing its own collateral.” “Standing up a pool,” Colkitt explains, is a relatively “heavyweight” task that deploys a costly contract to the mainnet.  “You’re talking about a few hundred dollars,” which isn’t much for a larger-scale project, but to experiment on the cheap, ...

Bittrex customers are now on the brink of regaining control over their assets as a court order has granted the platform the authority to allow withdraw als. “The platform will be up and running for withdraw als on Thursday, June 15,” Bittrex attorney Patricia Tomasco told Blockworks on Wednesday. US District Judge Brendan Shannon signed the court order on Tuesday, authorizing the bankrupt crypto exchange to honor withdrawals. Bittrex is “authorized to take all actions necessary to effectuate the relief granted,” he added. The Justice Department last week opposed Bittrex’s request to permit customers to withdraw their crypto and fiat currencies, arguing that the motion was premature and improperly sought to prioritize creditors not included in a formal plan. The decision was influenced, in part, by the fact that Bittrex’s largest creditor, the US Treasury’s Office of Foreign Assets Control (OFAC), would have its claim subordinated under its proposed plan. OFAC’s claim exceeds $2...