Altcoin Holder

2024-05-16 22:01:01 Senate approves reversal of SEC crypto custody bulletin

The Senate’s vote on Thursday ended with a 60 to 38 majority, falling short of the two-thirds needed to override a veto. Several Democrats supported the resolution, including Senate Majority Leader Chuck Schumer of New York.

The legislative action mirrors a similar move in the House last week, where the measure passed with a 228-182 vote. While predominantly supported by Republicans, 21 Democrats also voted in favor, indicating bipartisan backing though insufficient to counter a veto.

The contested SEC Staff Accounting Bulletin, known as SAB 121, was first issued in 2022. It requires firms handling crypto to list customer holdings as liabilities, a requirement that has stirred debate and opposition within the cryptocurrency industry. Critics argue that such regulations could deter banks from safeguarding digital assets. Open / Comment

2024-05-14 21:08:22 QCP Granted In-Principle Approval in Abu Dhabi Global Market

Singapore's QCP Capital, a crypto options trading desk, receives preliminary approval from ADGM to conduct regulated activities, marking its Middle East expansion. With nearly $60 billion in crypto derivatives trading volume last year, QCP aims to be the first Singapore-based digital-asset market maker and broker dealer with ADGM's approval. Plans include relocating some employees to Abu Dhabi upon full licensing. Open / Comment

2024-05-13 20:28:09 DevvE Announces Strategic Partnership With Gempad

DevvE has announced a strategic partnership with The GemPad. This collaboration will involve working together with projects launching on The GemPad, providing additional exposure to DevvE's own launchpad projects and sharing exclusive deal flows. The partnership aims to benefit both parties, offering further reach for DevvE's ecosystem projects like the DevvE Innovation Grant Shard and others.

DevvE is a blockchain ecosystem powered by the DevvX blockchain and the DevvE token. It offers high transaction speeds, low costs, and regulatory compliance, making it suitable for governments, enterprises, and developers in the web3 space. Open / Comment

2024-05-12 22:56:10 Goldman Sachs Analyst Warns of Consumer Pressure as Stagflation Intensifies

Goldman Sachs analyst Scott Feiler warns of a bleak outlook for consumers as stagflation looms, with a bearish stance on consumer cyclicals and defensive stocks. Amidst the administration’s troubled Bidenomics, heavily indebted consumers face mounting pressures as pandemic savings dry up and economic growth falters. Analyst Bonnie Herzog’s team corroborates Feiler’s view, observing that the U.S. consumer is increasingly stretched, grappling with high inflation, rising unemployment, and elevated interest rates that erode spending power and confidence. Open / Comment

2024-05-11 23:53:39 Blockchain firm Match Sytems saves $68m from ‘dust attack’

The theft, which occurred on May 3, was dubbed a “‘dust’ attack.” The funds were returned to the victim, courtesy of UAE-based Match Systems and cryptocurrency exchange Cryptex.net.

The saga began when a crypto whale fell victim to an “address poisoning” attack, resulting in the brazen theft of 1,155.28 WBTC.

That’s equivalent to a staggering $69.3 million at the time.

Blockchain data shows that initial attempts by the victim to establish contact with the attacker, even extending an enticing 10% bounty offer, were met with silence.

However, in an unexpected turn of events, on May 9, the attacker initiated contact, expressing a desire to reach out to the victim via Telegram. Open / Comment

2024-05-10 21:47:19 Cross The Ages (CTA) Live on Kucoin Burningdrop

Cross The Ages has announced that its native token, $CTA, is live on Kucoin Burningdrop. The subscription period is currently ongoing and will last until today at 18:00 UTC. The Burning Acceleration Period will start on 10 May at 20:00 UTC and end on 11 May at 02:00 UTC. The staking period will begin on 11 May at 02:00 UTC and last until 31 May at 01:59:59 UTC. The total supply of the $CTA token is 500 million, and the TGE market price is $0.25. Open / Comment

2024-05-09 20:13:21 Vitalik Buterin proposes method to increase Ethereum capacity

In his latest essay, Buterin proposed eliminating the limitations of the existing commission system using multidimensional gas pricing.

The network uses a peer-to-peer model in which all computing processes, including storage, data transfer, and encryption operations, are measured in a single metric, gas.

With this approach, various resources are considered as interconvertible but are not. Although the system simplifies market transactions and the calculation of commissions, it combines fundamentally different types of resources, Buterin noted. Open / Comment

2024-05-09 17:22:50 What is Dexsport?

In a nutshell, Dexsport is a decentralized Web3 betting platform that allows users to place bets on sports & e-sports matches using crypto.

Why bet on Dexsoprt?

Multichain & multicoin support (BNB, Tron, etc.)
User-friendly interface (start playing in two clicks)
Solid security (audited by Certik)
Complete user privacy (no KYC needed)
Strong community support (across many social media channels)

In fact, to celebrate our fresh update…

We’re doing an awesome giveaway right now!

If you fancy some cool rewards, you can join here

Join The Giveaway

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Community
Website

P.S. The giveaway won’t last long! We’re wrapping up on May 20th! Open / Comment

2024-05-08 23:22:09 Vitalik Buterin pitches upgrade to Ethereum account abstraction

Dubbed Ethereum Improvement Proposal (EIP) 7702, the concept would introduce a new transaction method that allows externally owned accounts (EOAs), otherwise known as the defacto Ethereum (ETH) account, to execute smart contract wallet functions.

After transactions are completed, EOAs would revert to the default state. Buterin co-authored EIP-7702 with Ansgar Dietrich, Matt Garnett, and Sam Wilson to offer better synergy with smart contract capabilities enshrined in EIP-4337.

According to Uniswap Founder Hayden Adams, EIP-7702 also brings quantum resistance as a substitute for EIP-3074, which developers mulled shipping with the next blockchain upgrade after Dencun called Petra. Open / Comment

2024-05-07 10:27:19 Mode, a Layer 2 Network on the OP Stack, to Begin Airdrop Claims for Governance Token Today

Mode, a Layer 2 network on the OP Stack, is starting an airdrop of 550 million Mode tokens, representing 5.5% of its total supply. The distribution is based on Mode points earned during the "Mode Sunrise" event in January, reflecting users' activities in DeFi, NFTs, and other Layer 2 networks. Open / Comment