Author: Top Rated Cryptos

The SEC Delays BlackRock, Fidelity, WisdomTree, Invesco & Galaxy, VanEck, Bitwise, and Valkyrie’s Bitcoin ETF Applications Brief breakdown: The SEC has delayed the spot Bitcoin ETF applications of BlackRock, Fidelity, WisdomTree, Invesco & Galaxy, VanEck, Bitwise, and Valkyrie. The new deadline for these applications is now set for the middle of October. Grayscale recently won its lawsuit with the SEC, which could pave the way for the approval of a spot Bitcoin ETF. Bloomberg analysts predict a 75% chance of SEC approval for a spot Bitcoin ETF by the end of this year. The Securities and Exchange Commission (SEC) has…

Swift Unveils Key Findings on Blockchain Compatibility Breaking Down Swift’s Recent Blockchain Experiments Swift, the global provider of secure financial messaging services, has recently conducted a series of experiments to explore the compatibility of blockchain technology with its existing infrastructure. The findings of these experiments offer valuable insights into the potential benefits and challenges of integrating blockchain into Swift’s system. Here is a breakdown of the key points revealed by Swift: 1. Improved Efficiency and Cost Reduction One of the main findings of Swift’s experiments is that blockchain technology has the potential to significantly enhance the efficiency of its messaging…

Kaiko: USDT, the Largest Stablecoin, Depegging in August Key Points: Kaiko, a leading crypto analytics platform, has reported that USDT, the largest stablecoin by market capitalization, experienced depegging in August. Stablecoins are cryptocurrencies designed to maintain a stable value, often pegged to a fiat currency like the U.S. dollar. The depegging of a stablecoin suggests a potential loss of trust and stability in the underlying assets or management of the stablecoin. USDT, issued by Tether Limited, has faced scrutiny in the past regarding the transparency of its reserves and whether it is fully backed by U.S. dollars. Kaiko’s data analysis…

Binance Pool Launches Ordinals Inscription Service for Bitcoin Users Introduction In an effort to provide Bitcoin (BTC) users with better control and security over their digital assets, Binance Pool, the popular Bitcoin mining pool, has announced the launch of its Ordinals inscription service. This new feature will allow users to annotate satoshis, store ownership records, and perform various other functions to enhance transparency and efficiency in the cryptocurrency ecosystem. Key Points The Binance Pool’s Ordinals inscription service aims to offer Bitcoin users several benefits, including: 1. Annotating Satoshis: With this service, users can add customized annotations to each individual satoshi,…

Binance Labs Introduces ColLabs: Empowering Web3 Community Overview: Binance Labs, the investment arm of cryptocurrency exchange Binance, has announced the launch of a new platform called ColLabs. This innovative platform is designed to support web3 founders, builders, and investors in the growing decentralized ecosystem. With ColLabs, Binance Labs aims to further empower the web3 community and accelerate the development of groundbreaking projects in the blockchain space. The Importance of Web3: Web3, often referred to as “the decentralized web,” is a rapidly evolving ecosystem that leverages blockchain technology to enable trust, transparency, and decentralization. This next-generation internet has the potential to…

PancakeSwap Expands to Base: The Rise of Decentralized Exchanges Key Points: PancakeSwap, a popular decentralized exchange (DEX), has announced its expansion on the Base platform. PancakeSwap offers users the ability to trade cryptocurrencies in a decentralized manner, without the need for intermediaries. The collaboration between PancakeSwap and Base aims to bring more liquidity and trading options to crypto enthusiasts. PancakeSwap’s move to Base is expected to further solidify its position as a leading DEX in the cryptocurrency market. PancakeSwap, one of the leading decentralized exchanges (DEX) in the cryptocurrency market, has made an exciting announcement. The platform, known for its…

Long-term Bitcoin Holders Increase Accumulation as Exchange Balances Decrease Key Points: – Long-term Bitcoin holders are acquiring more coins. – A decrease in Bitcoin balances on exchanges has been observed. – This trend suggests a potential shift towards long-term investment strategies. – Increased accumulation by long-term Bitcoin holders may indicate bullish sentiment. – The decrease in Bitcoin supply on exchanges could lead to supply scarcity and potentially drive up prices. Long-term Bitcoin holders are acquiring more coins In the world of cryptocurrencies, Bitcoin remains a dominant force, and recent data suggests that long-term Bitcoin holders are increasing their accumulation. This…

Lufthansa Group Launches Uptrip: A Groundbreaking Loyalty NFT Program Introduction Lufthansa Group, one of the world’s leading aviation companies, has taken a bold step into the world of non-fungible tokens (NFTs). The company recently unveiled its brand-new loyalty NFT program, called Uptrip. This groundbreaking initiative aims to revolutionize the way customers engage with the Lufthansa brand and reward them for their loyalty. With Uptrip, Lufthansa is tapping into the power of NFTs and leveraging the Polygon blockchain to create unique and immersive experiences for its loyal customers. The Key Points Here are the key points about Lufthansa Group’s Uptrip program:…

Evidence Mounts That Chainalysis’ Blockchain Forensics Heuristics May Be Flawed Key Points: Chainalysis’ Reactor software lacks scientific evidence to prove its accuracy. Experts at CipherTrace reveal flaws and inaccuracies in Chainalysis’ analysis. Chainalysis’ behavior clustering heuristic is described as “reckless” and overly inclusive. The accuracy of the behavioral clustering heuristic for Bitcoin Fog is only 36%. CipherTrace refrains from using Chainalysis’ behavioral clustering due to its inaccuracy and error-prone nature. Chainalysis’ single entity clustering is criticized for leading to tracing errors. Mistakes and errors are found in Chainalysis’ expert report. There are hundreds of millions of unverified data points, which…

Binance Senior Executive Leaves Company Amidst Departure Trend Key Points: Leon Foong, the chief of Binance Asia-Pacific (APAC), is reportedly resigning from the company. This departure follows a series of senior executive exits from Binance in recent months. Changes in leadership can potentially impact Binance’s strategic direction and future plans. Investors and users will be keeping a close eye on how Binance manages this transition. Binance, one of the leading cryptocurrency exchanges in the world, is facing another high-profile executive departure. According to unnamed sources familiar with the matter, Leon Foong, the chief of Binance Asia-Pacific (APAC), is reportedly resigning…