Polygon (MATIC) wants to accelerate ZK development with custom hardware. As part of this effort, the company announced a significant investment. This project is expected to greatly contribute to Polygon’s unified architecture. Last year, Polygon (MATIC) Labs presented a new vision for their eponymous Ethereum scaling project: to connect the entire Web3 on top of Layer 1 chains. At the heart of Polygon’s new vision is zero-knowledge technology, which they see as the ultimate goal for Ethereum scaling. With this new roadmap, the project continues to push the boundaries of what is possible with ZK technology, from delivering system improvements…
Author: Crypto Flexs
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Bitcoin (BTC) continued its recovery on September 10, reaching $58,000, up 8% from its four-week low of $53,955. Despite the recovery, Bitcoin investors “remain unconvinced” in the short term, according to analysis by Glassnode.According to a report released by Glassnode on September 10, investors are interacting less with centralized exchanges (CEXs) that “generally have larger contract volumes.”The report noted that CEX remains a central indicator of investor speculative activity and price discovery in the ever-evolving cryptocurrency market. They assessed aggregated on-chain volumes on CEX to gauge investor activity and speculative appetite. The market intelligence firm ran a similar 30-day/365-day momentum…
Dubai, United Arab Emirates, September 10, 2024, Chainwire On the road to IPO amid strong growth and stability Trust Invest, a next-generation cryptocurrency exchange, is making waves in the crypto world with its AI trading bots and asset management programs. Trust Invest’s cutting-edge technology and personalized account management services have led to the company’s success, and although there has been no official confirmation, speculation in the market has been raised about a possible initial public offering (IPO). AI bots drive consistent performance Trust Invest’s AI trading bot uses deep learning algorithms and real-time market data to execute high-precision trades. Trust…
Former Alameda co-CEO Caroline Ellison is scheduled to be sentenced in a New York court on September 24.Ellison, who is also the ex-girlfriend of former FTX CEO Sam Bankman-Fried, He pleaded guilty in December 2022 following the collapse of a cryptocurrency exchange that cost consumers billions of dollars. The fraud charges against Ellison include two counts of conspiracy to commit wire fraud, two counts of actual wire fraud, and one count of conspiracy to commit money laundering. These charges carry a maximum penalty of 110 years in prison, but Ellison cooperated With the prosecution. Other former FTX executives, Gary Wang…
Whether you’re just vaguely interested in cryptocurrencies, have just entered the market with a small investment or two or three deals, or have a larger investment or commercial stake, more people are interested in how cryptocurrencies are shaping the financial landscape than ever before.I am sure there are still a few people in the world who have no knowledge or interest in this concept, but the number of people adopting this digital payment method is increasing. Even governments are discussing their own digital currency controlled by central banks. Cryptocurrencies are growing all over the world.From casual observers to those using…
Iris Coleman September 6, 2024 11:39 Mercuryo is partnering with Injective (INJ) to simplify fiat-cryptocurrency trading and help users easily adapt to the Injective ecosystem. According to the Injective blog, Mercuryo has announced its integration with Injective as a major step towards streamlining the crypto onboarding process. The collaboration aims to streamline the steps required for users to transition from traditional banking systems to the Injective (INJ) ecosystem.Improved User ExperienceMercuryo is a leader in payment solutions for Web3 applications supporting over 200 platforms. The integration with Injective introduces a seamless, single-step solution for acquiring…
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According to Felix Hartmann, founder of Hartmann Capital and cryptocurrency content creator, we may not have to wait until after the election for the massive crypto rally led by Donald Trump. “The moment there is an overwhelming probability that Trump will win the election, which can happen at various times… I expect the crypto markets to crash,” Hartman told Hall of Flame. “It’s going to be a moment where we realize that we’re not going to be sued to death. There’s a way for this industry to become self-reliant, and there’s just going to be more hype and more narrative.”…
According to the project developers, the number of users claiming Dogs (DOGS) on the Layer 1 blockchain, The Open Network (TON), has reached an all-time high during the recent airdrop of the new Mimecoin. In a new post on messaging app Telegram, TON developers say Dogs has become “the biggest meme TGE (token generation event) in cryptocurrency history.” The TON blockchain was originally created by Telegram in 2018, but has since been acquired by an international group of independent developers. “17 million users have claimed DOGS tokens. Daily active user addresses have repeatedly reached 1.1 million over the past two…
As regulators take their own approaches to bringing order to the industry, U.S. lawmakers are divided over how to approach decentralized finance.Lawmakers on the House Financial Services Digital Assets Subcommittee continued to debate how to regulate DeFi during a hearing Tuesday.“As we consider how blockchain can be used in finance, we must continue to expand our knowledge of the possible costs and benefits associated with DeFi,” Rep. French Hill, the subcommittee chair, said at the start of the hearing.Lawmakers have so far excluded DeFi regulation from recent legislation. In a bill passed by the House last year, lawmakers directed the…