Top Stories of The Week Musk claims X hit by ‘massive DDoS attack’ delaying Trump interview X owner Elon Musk claimed the social media platform was hit with a distributed denial-of-service (DDoS) attack as his slated interview with U.S. presidential hopeful Donald Trump was set to kick off. “There appears to be a massive DDoS attack on X. Working on shutting it down,” Musk posted to X on Aug. 12. A DDoS attack aims to flood a network or service with traffic to disrupt and deny legitimate users from being able to use it. The alleged attack came as technical…
Author: Crypto Flexs
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According to anonymous cryptocurrency trader and self-proclaimed “bubble chaser” Blunts, Bitcoin has probably bottomed and is now ready to rally. In a post on X on August 15, the trader known for accurately predicting the Bitcoin (BTC) bottom in 2018 declared that the cryptocurrency has completed its ABC correction and that the price will likely end at the $68,000 level. ABC corrections are a fundamental concept of Elliott Wave Theory, used to analyze market cycles and predict future price movements. Corrections consist of three waves: Wave A, which initiates the correction and goes against the prevailing trend. The second part…
optimism Office +4.83% The launch of permissionless fraud proofs, also known as error proofs, is a significant achievement for the Ethereum-based ecosystem, as it allows users to challenge potentially fraudulent or incorrect transactions on a layer 2 network. Unlike permissioned fraud proofs, where only trusted proposers can challenge transactions, permissionless fraud proofs open up the mechanism to all users.With these developments, Optimism can claim to have reached Level 1 decentralization, as described by Ethereum co-founder Vitalik Buterin. Level 1, or “limited training wheels,” requires that there be a fraud prevention system in place on the Layer 2 network, but a…
Top Stories of The Week Musk claims X hit by ‘massive DDoS attack’ delaying Trump interview X owner Elon Musk claimed the social media platform was hit with a distributed denial-of-service (DDoS) attack as his slated interview with U.S. presidential hopeful Donald Trump was set to kick off. “There appears to be a massive DDoS attack on X. Working on shutting it down,” Musk posted to X on Aug. 12. A DDoS attack aims to flood a network or service with traffic to disrupt and deny legitimate users from being able to use it. The alleged attack came as technical…
Jorg Hiller 17 Aug 2024 08:50 Learn how to set up a wallet, use onramps, and connect assets to get started with the Sui (SUI) ecosystem. According to the Sui blog, setting up a wallet and accessing SUI are often the first steps to entering the Sui ecosystem.Sui offers a vibrant ecosystem of apps and digital assets, and understanding how to access and manage these assets is critical to maximizing the network’s potential. Whether you’re new to Web3 or a seasoned veteran, familiarizing yourself with the wallet and onramps is essential to navigating Sui.SUI…
Sleep introduced a decentralized voting system. The voting system is limited to a specific group of users. These users cannot transfer their voting rights. Slerf, a Solana-based memecoin project, today announced the launch of a decentralized voting system for SLERF NFT holders. Slerf rose to fame after a failed launch in March of this year, when the project’s developers “accidentally” burned through $10 million of pre-sale funds due to “a simple, pointless click.” The misfortune ended when the crypto community came to the project’s aid, and the market cap shot up to over $750 million in a matter of hours.…
Caroline Bishop 17 Aug 2024 09:16 Discover how Injective’s binary options marketplace provides developers with powerful tools to create a variety of decentralized applications (dApps). Injective (INJ) provides a plug-and-play module set that allows developers to quickly build and deploy production-ready financial-focused decentralized applications (dApps). At the heart of this offering is Injective’s native trading module, which supports the binary options market, providing a powerful infrastructure for creating a variety of dApps.Understanding Binary Options in InjectiveBinary options in Injective are financial derivatives where the trader predicts the outcome of two possible outcomes. Unlike traditional…
Market • August 17, 2024 3:08 PM EDT Posted 1 minute earlier ~ in BlackRock, the world’s largest asset manager, recently achieved a new milestone: its digital asset exchange-traded fund (ETF) surpassed Grayscale, the longtime leader in total assets under management. BlackRock only offers two funds — IBIT (spot bitcoin) and ETHA (spot ether) — but according to blockchain intelligence firm Arkham, the two funds have combined assets under management (AUM) of $21.6 billion, slightly more than the $21.3 billion held by Grayscale’s four funds (GBTC, BTC Mini, ETHE, ETH mini). Morgan Stanley recently said it sold off nearly all…
Former Goldman Sachs executive Raoul Pal is expressing a bullish outlook on large-cap Ethereum (ETH) competitors. In an interview with Wall Street veteran Anthony Scaramucci, Pal said Solana (SOL) could soar to “probably $1,000 or more” by the end of the current cycle, implying a potential gain of at least 604% from current levels. “I think the range is… worst case $800, mid case $1,200. The upper end of the blow-off top is $2,500.” As of this writing, Solana is trading at $142. On whether Solana could surpass Ethereum in market cap, Pal said: “I don’t think so. I think…
Holonym Foundation Raises $5.5M in Seed Funding to Provide Global Digital Personality via Human Keys – Chainwire housenewsroomHolonym Foundation Raises $5.5M in Seed Funding to Provide Global Digital Identity Through Human Key We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the subscriber or user to use specific services explicitly requested by the subscriber or user, or for the…