Cryptocurrency markets ended on a volatile note on Thursday, with most of the top coins trading in the red zone. Bitcoin found some relief at its peak after rising 0.25% over the past 24 hours. However, the rest of the top coins, except for BNB and ADA, ended the day with significant value losses. Conversely, a few meme coins gained speed during the week. With most markets entering a downturn, traders are waiting for some stability before investing. Here is our daily cryptocurrency update, providing information on the latest market developments. Bitcoin The world’s largest cryptocurrency is struggling to find…
Author: Crypto Flexs
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Iris Coleman 08:07 Aug 2, 2024 Injective (INJ) has launched an upgrade to its Altaris mainnet, promising improved scalability, new developer tools, and an improved economic structure. The blockchain landscape is about to undergo a significant transformation as Injective (INJ) unveils its Altaris mainnet upgrade. This upgrade promises to redefine Injective’s capabilities, enhancing scalability, developer tools, and economic framework.backgroundThe Altaris upgrade was initiated following overwhelming community support for Injective Improvement Proposal 420 (IIP-420), which saw one of the highest governance participation rates in Injective history, with over $1 billion worth of INJ staked in…
The price of XRP (XRP) has erased all the gains made over the past two weeks. The decline is due to several factors, including the delay in the Ripple vs. SEC lawsuit and reduced expectations of a September rate cut.XRP/USD daily price chart. Source: TradingViewSEC postpones closed-door meetingA closed-door meeting between U.S. Securities and Exchange Commission (SEC) commissioners on August 1st caught the attention of cryptocurrency traders, with many speculating that the commissioners would discuss Ripple and solutions during the meeting. But the meeting was unexpectedly canceled, with Ripple and the SEC remaining silent and not providing a specific explanation…
Rhinestone is dedicated to turning smart accounts into an open platform for innovation. They aim to create a secure and interoperable ecosystem of modules, facilitate permissionless smart account innovation, and enable developers to build powerful on-chain products with a seamless UX. The module registry is the foundational layer of Rhinestone’s technology stack. Its primary function is to store on-chain security claims made by independent auditors, thereby enforcing standards and security assurances for users and developers. Linestone has contracted with Ackee Blockchain to conduct a security review of the Linestone Module Registry for a total of 7 days from April 10,…
Jessie A Ellis Aug 2, 2024 08:39 In ACDE Call #193, Ethereum developers, chaired by Tim Beiko, discuss the Pectra upgrade, EIP 7212, and quantum resistance. According to galaxy.com, on August 1, 2024, Ethereum protocol developers gathered virtually for the All Core Developers Execution (ACDE) Call #193, chaired by Ethereum Foundation (EF) Protocol Support Director Tim Beiko. This biweekly meeting serves as a platform for developers to discuss and coordinate changes to Ethereum’s execution layer (EL).Pectra DevNet 2During the call, the developers shared updates on their ongoing Pectra upgrades, focusing on bug fixes in…
Marathon Digital Enters Kaspa MiningAccording to Marathon Digital’s X post, the Bitcoin mining company has jumped into mining Kaspa (KAS) tokens, securing around $16 million worth since September. Source: Marathon Digital X PostThese measures are aimed at diversifying revenue sources and taking advantage of the higher margins achievable with Kaspa mining rigs, which in some cases offer profitability of up to 95%.Diversification Strategy and Revenue ImpactAccording to Adam Swick, Marathon’s chief growth officer, Caspar mining allows the company to generate revenue separately from Bitcoin. Marathon is primarily focused on Bitcoin, but it has been profitable in the wake of the…
Darius Baru Aug 2, 2024 09:34 The Hong Kong Monetary Authority (HKMA) has warned the public about fraudulent websites and internet banking login screens imitating Dasing Bank, urging them to be vigilant and cautious. The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent websites and internet banking login screens impersonating Dah Sing Bank, Limited. This warning is issued following a press release from Dah Sing Bank reporting these fraudulent activities to the HKMA. Details of fraudulent activity According to the HKMA, fraudulent websites and login screens are designed to trick…
A prominent cryptocurrency analyst says the next Bitcoin surge could create enough momentum for previously neglected investors to finally jump into BTC. The anonymous analyst The Crypto Dog told his 804,500 followers on social media platform X that the level at which BTC bulls will regain momentum is $65,000. “If you earn more than $65,000, you can start to experience serious FOMO (fear of missing out). “Strength in alternative products may be needed to achieve $70K+.” According to analysts, the current Bitcoin correction appears to be a “big shakeup” designed to force traders to sell their coins before a major…
Jack Anderson Aug 4, 2024 06:19 Learn how to choose the right blockchain for your Web3 game development. Learn about game-centric platforms, security, scalability, and ecosystem support. The booming Web3 gaming industry is attracting more and more game studios, with over 380 games already signed on to Immutable (IMX) according to immutable.com. As the industry evolves, choosing the right blockchain platform is critical to success. Gaming Focus: Prioritizing a Game-Specific Platform The Web3 games market is expected to reach $65.7 billion by 2027, which represents a significant shift in the industry. To remain competitive,…
Telegram-based project Toncoin (TON) has been losing market dominance despite outperforming Bitcoin (BTC) for most of the year. Before the recent rebound, TON had been struggling for two weeks, with its price dropping 15%. Trading at $6.79 at the time of writing, this analysis proves that the token may not be out of the woods yet. Here’s why: Whales dump Toncoin, raising market concerns The main reason for the potential decline of Toncoin is the behavior of whales. Whales are entities or individuals who hold large amounts of the circulating supply of a cryptocurrency. Their actions and inactions affect the…