DeFI News by Thebittimes.Com

OKX Exchange discontinues Mining Pool services, citing business adjustments. New-user registrations are halted immediately; existing users are allowed until Feb 25. Complete cessation of mining pool-related services scheduled for Feb 26. In a recent announcement, OKX, a major cryptocurrency exchange, has disclosed plans to cease its Mining Pool and related service s. This decision, attributed to business adjustments, is set to impact users starting January 26, 2024. The discontinuation schedule, outlined by OKX, indicates a phased approach with new-user registrations ceasing immediately and existing users having until February 25, 2024, to utilize the service before a complete halt on February 26, 2024. OKX business adjustments While revealing its intention to discontinue the mining pool service s, OKX cited business adjustments as the driving force behind the decision. Effective immediately, new-user registrations for mining services are no longer bei...

The Gemini exchange, founded by the Winklevoss twins, has obtained approval from regulators to launch its service s in France.  According to reports from CNBC, the Autorite des marches financiers (AMF) approved the exchange today as a virtual asset service s provider.  The company aims to fully operationalize its platform for French users in the upcoming weeks after completing the necessary preparatory steps. Upon its official launch in France, Gemini will offer its users the opportunity to trade an array of over 70 different cryptocurrencies. This will be accessible through both its website and mobile application, alongside the provision of its more sophisticated ActiveTrader platform. Salut! We are thrilled to announce Gemini has been registered as a Digital Asset Service Provider (DASP) by l’Autorité des Marchés Financiers (AMF), the French financial markets regulator. Following the launch of our EU headquarters in Ireland in 2022, Gemini is now… pic.twitter.com/OXt1CfPh9t ...

With the update, the project wants to help FLR holders secure and contribute to the ecosystem. Flare, a layer-1 solution that enables using smart contracts on the XRP network, has rolled out a public staking service for FLR token holders. Flare public staking is live: https://t.co/ZB0AaH7sFZ Learn everything about delegating FLR stake with #FlareStake. ️ pic.twitter.com/EsqWng7KCv — Flare ️ (@FlareNetworks) October 29, 2023 In an X thread on Oct. 29, the Flare team said the launch is part of the transition to a proof-of-stake consensus model. With the dedicated staking platform, FLR holders users can delegate their token s to validators in a bid to support them in contributing to the ecosystem, the developers said. You might also like: Flare brings blockchain API to Google Cloud Marketplace At launch, users could only stake FLR with Avalanche application set on their Ledger hardware wallets. However, the developers promise to add other staking options in the f...