DeFI News by Thebittimes.Com

1. Mt. Gox Trustee Repays BTC and BCH to Some Creditors link Mt. Gox has announced that on July 5, 2024, the bankruptcy trustee has commenced repayment of Bitcoin and Bitcoin Cash to some creditors through designated cryptocurrency exchanges, in accordance with the rehabilitation plan. The repayment to other creditors will proceed swiftly once the following conditions are met: validation of registered accounts and other details; the designated cryptocurrency exchange’s agreement to accept the proxy receipt agreement; completion of discussions regarding repayment between the trustee and the exchange; and confirmation that the repayment can be conducted securely. We ask eligible creditors to wait a little longer. According to Arkham monitoring, the Mt. Gox wallet transferred 47.229k BTC, approximately $2.71 billion, on July 5. 2. U.S. Reports Continuing Jobless Claims at 1.858 Million for Week Ending June 22 link The United States reported that for the week ending June 22, the number of ...

Two wallets inked staggering 30,830x gains on a memecoin built on the Ethereum (ETH) layer-2 scaling solution Base, according to the crypto tracker Lookon chain . Lookon chain notes that two wallets whitelisted by the deployer for the meme asset Brett (BRETT) spent 0.034 ETH worth $102 to buy a combined 172.56 million BRETT in February. Those wallets subsequently sold 122.74 million BRETT for 890.65 ETH worth $3.14 million on- chain via multiple wallets, printing staggering gains to the tune of 30,830x. Whitelisted wallets are approved participants for a specific crypto event like an initial coin offering (ICO), according to Coinbase. The pseudonymous crypto analyst known as Shady says the Brett deployer whitelisted 139 addresses. Brett bills itself as the “mascot” of the Base chain . The meme asset is trading at $0.0397 at time of writing and is down more than 14% in the past 24 hours. Lookon chain also notes that a long-dormant Ethereum wallet a...

Victoria, Seychelles, March 25th, 2024, Chainwire Bitget, a leading cryptocurrency exchange and Web3 company, is excited to announce the listing of TON Fish (FISH), the first non-foundation social meme coin in the TON ecosystem. TON Fish is making waves in the crypto community, with its token experiencing rapid growth in both volume and price since February. Today, the trading volume has surged to $3.27 million, with 2,232 transactions in the past 24 hours and over 19,000 holders. TON Fish is designed to provide users with a unique opportunity to engage with the TON ecosystem before large-scale liquidity is introduced. As the first meme coin of its kind on the TON public chain , TON Fish is pioneering a new era of social meme coins within the TON ecosystem. Its listing on Bitget opens up exciting opportunities for traders and enthusiasts to participate in the growing TON ecosystem and experience the innovation it has to offer. With the increasing popularity of ...

1. Chinese Yuan — priced Bitcoin Hits Historic High link On February 28th, BTC surged by 5.25%, surpassing $60,000, reaching a historic high when priced in Chinese yuan. As of the time of reporting, Bitcoin is quoted at $61,500, equivalent to approximately 442,800 yuan. Bitcoin saw a nearly 45% increase in February, marking its sixth consecutive month of gains and its best monthly performance since December 2020. Ethereum rose by over 47%, also marking its sixth consecutive month of gains and its best month since July 2022. According to CoinGlass data, Bitcoin has been profitable 10 times out of 12 Februaries over the past 12 years, with an average return rate of 15.7% for the month. Ethereum has seen gains in 7 out of the past 8 Februarys, with an average increase of 17.2% for the month. 2. MicroStrategy Makes Another Purchase of 3000 Bitcoins link Michael Saylor, the founder of MicroStrategy, announced that the company purchased 3,000 bitcoins between February 15th and 25th at an ave...

Oracles enable value, but they are also susceptible to value manipulation; co-founders of Cosmos-based Seda discuss their benefits and how to prevent pitfalls. The year 2022 was not a very good year for Cosmos and its vision of inter-block chain communications (IBC). The collapse of the Terra Luna ecosystem (the biggest protocol on Cosmos at the time), tension between co -founders and a fall in the token’s price all cast a shadow on its future prospects. That said, projects such as dYdX and cross- chain oracle protocol Seda continue to call the network home and are adamant about its IBC vision. Currently, Seda says it enables over 12 million data feeds across 24 networks. In an interview with Cointelegraph at EthCC Paris, Jasper de Gooijer and Peter Mitchell, co-founders of the Seda protocol (formerly known as Flux), discussed the importance of oracles in cross-chain bridges and how they protect the value they enable. Cointelegraph: How do oracles add value to IBC?  Jasper de Goo...

Join Our Telegram channel to stay up to date on breaking news coverage Following the launch of PancakeSwap’s new upgrade known as PancakeSwap V3 in early April, the popular DEX has recently revealed its roadmap. One of the goals for the future is to bring a number of new features that would allow the DEX to take control of the inflation of its native token, CAKE. #PancakeSwap, recently the top asset in the #BNB /APT chain held an AMA🥞 Future plans include an automatic positioning feature, multi-chain deployment, $CAKE inflation protection, and a new pool. We are glad to see that multi-chain expansion will make it available to more users. pic.twitter.com/V12BnFpfPJ — SONIC🌈 (@crypto_Vsonic) April 17, 2023 PancakeSwap V3 launches PancakeSwap emerged as BNB Smart Chain’s response to the Ethereum-based Uniswap decentralized exchange. The project replicated most of Uniswap’s code, which has since become something of a tradition. So, after ...

VeChain is trading on the back foot in March after doubling in price from the start of January to February this year. The leading altcoin shed most of its gains in the last two weeks causing losses to investors who took an entry position this month. VET is currently trading at $0.022 and is down nearly 18% in the last 14 days. The cryptocurrency is displaying bearish sentiments despite announcing new collaborations with tech firms around the world. Read here to know the VeChain Foundation’s latest partnership with a Canadian firm to revolutionize supply chain management. Source: CoinGecko Now that VET delivered a meager performance in March, will it display bullish sentiment in April 2023? Let’s find out! Also Read: Coinbase Plans to Develop Inflation-pegged Stablecoin ‘Flatcoins’ VeChain: What Could VET’s Price Be In April 2023? Source: Coinposters Leading on-chain metrics and price prediction firm Changelly predicted that VeChain could trade sideways in April 20...

Blockchain enables healthcare record management, clinical trial transparency, efficient supply chain management and more. The use of blockchain technology in the healthcare industry has the potential to revolutionize the way medical records are managed, medical research is conducted and patient care is delivered. Here are nine promising use cases for blockchain in healthcare. Medical record management Medical records can be safely stored and managed using block chain , improving accessibility for patients and healthcare professionals. Patients’ ability to control access to their medical records enhances security and privacy. One example is MedRec, a block chain -based system for managing medical information created by MIT researchers. MIT Professor Andrew Lippman says the goal of the MedRec project is to be like a Swiss bank for health records, but without the bank. #Bizofblockchain — MIT Technology Review (@techreview) April 23, 2018 Clinical trials By offering a transparent ...

According to on chain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various block chain s. The transfers were discovered by Conor Grogan, a director at Coinbase, and while most of the transactions took place on Dec. 28, there was some recent activity in the first few days of the new year. Onchain Discoveries Uncover Suspected Unreported Transactions Associated With SBF, FTX, and Alameda Roughly a week ago on Dec. 28, 2022, onchain investigators discovered that a number of funds linked to FTX and Alameda Research wallets moved while Sam Bankman-Fried, the former CEO of FTX, was on house arrest. Two days after the funds moved, Bankman-Fried tweeted: “None of these are me. I’m not and couldn’t be moving any of those funds; I don’t have access to them anymore.” He was immediately bombarded with questions when he tweeted on Dec. 30. “...

This year saw the realignment of the crypto industry toward greener, more energy-efficient blockchains. 2022 saw the continued advancement of green crypto projects as more industry companies focused on sustainability to reduce carbon emissions. A series of elemental forces drove the paradigm shift, including user demands for faster and more energy-efficient blockchains, growing climate change awareness among investors, and rising government concerns about energy consumption in the crypto sector. Among the most notable eco-friendly crypto developments in 2022 was the transition of the Ethereum Blockchain from a proof-of-work (PoW) to Proof-of-Stake (PoS) consensus layer. The Merge, completed in September, joined the original execution layer of Ethereum with its new PoS consensus layer, the Beacon Chain. It eliminated the need for energy-intensive mining by enabling the network to be secured using staked Ether (ETH). The conversion reduced the Ethereum network ’s energy consumption b...

According to a report published by the global dapp store platform, Dappradar, blockchain gaming hardly felt the impact of the recent FTX collapse and the crypto market carnage that ensued. Dappradar’s Blockchain Games Report indicates that the number of daily unique active wallets (dUAW) participating in blockchain gaming dropped slightly to 800,875 UAWs in November, down from just above 900,000 UAWs recorded during the last two months. Moreover, Dappradar says that blockchain gaming accounted for “a healthy 46% of all blockchain activity.” Report: Blockchain Gaming Shrugs off FTX Collapse With More Than 800,000 Daily Unique Active Wallets A study published by Dappradar and shared with Bitcoin.com News shows that despite the recent FTX fallout, block chain gaming has remained steadfast. Presently, a significant amount decentralized apps (dapps) from dappradar.com’s top dapp list are block chain games like Alien Worlds, Splinterlands, Farmers World, Benji ...