Avail, a blockchain project that aims to solve rollup fragmentation and improve scalability, has launched its data availability mainnet and native AVAIL token.According to a statement shared with The Block, Avail DA is a modular blockchain solution designed to optimize data availability and help developers build more scalable, cost-effective, and configurable chains.The launch of Avail DA will activate the native AVAIL token. AVAIL will be used to pay data availability fees, and holders can start staking their tokens starting Tuesday to contribute to the security of the network. The AVAIL token will also play a key role in Avail’s governance,…
Author: Crypto Flexs
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Bitcoin (BTC) is at risk of ‘profit-taking’ and price weakness amid surge in institutional buying.Popular trader Skew warned in his latest analysis for X on July 23 that there will be a “headline curse” as the US spot Bitcoin exchange-traded fund (ETF) sees inflows of over $500 million.ETF Inflows Not Enough to Keep BTC Price RisingBitcoin ETFs are seeing a resurgence in popularity this week, but there’s no guarantee the good times will last, Skew says.On June 22 alone, the largest U.S. spot ETF, the BlackRock iShares Bitcoin Trust (IBIT), saw $526 million in inflows, and historically, such large inflows…
Mitt Romney, the US presidential candidate, reminds us that corporations are people. Whether or not his supporters agree with the conclusions drawn from that assertion, there is certainly much truth in the statement. After all, isn’t a corporation a group of people working together under certain rules? When a corporation owns property, it actually means that there is a legal contract that states that the property can only be used for certain purposes under the control of the people who are currently on the board of directors. This designation itself can be modified by certain groups of shareholders. If a…
Iris Coleman 23 July 2024 05:00 VanEck hosts webinars covering gold, esports, digital assets, emerging markets, and other investment trends. Learn more about our educational sessions. VanEck, a renowned investment management firm, recently announced a series of webinars aimed at educating investors on a variety of topics including gold, esports, digital assets, emerging markets, investing, natural resources, real estate, and other investment trends. Various topics The webinar provides insights into various investment sectors, giving attendees the opportunity to deepen their understanding of these sectors. Topics discussed include gold investments that are subject to international…
Company • July 23, 2024 2:08 AM EDT Posted 1 minute earlier In ~ A wallet address labeled Mt Gox sent approximately 42587.49. Bitcoin -1.28% (USD 2.82 billion) was deposited to the new address around 5:00 AM UTC on Tuesday. data According to Arkham Intelligence, the move appears to be part of an ongoing effort by Mt Gox to repay $9 billion worth of bitcoin to creditors.At the same time, the Mt Gox wallet moved 5,110.16 BTC to a cold storage address ending in “1Jbez.”The cryptocurrency exchange that was shut down on Monday moved a small amount of bitcoin worth…
Cardano price extended its uptrend above the $0.4350 resistance level. ADA is currently consolidating its uptrend and is likely to drop towards the $0.4250 support level. ADA price rose and tested the $0.4565 level. The price is trading above $0.4320 and the 100 hourly simple moving average. A major bullish trend line broke with support at $0.4400 on the hourly chart of the ADA/USD pair (data source: Kraken). The pair may decline and test the support zone of $0.4250. Cardano price shows signs of short-term weakness Over the past few days, Cardano has gained momentum moving above the $0.40 resistance…
QuickSwap is expanding its scope of services with a new scalability model. In the first expansion pack, QuickSwap gained a portal to Flare. The extension model promises functional and financial benefits to users. Expansion can happen in a number of ways in a business, such as opening a new store or launching a new product. Regardless of the method used, the goal is usually the same: to reach new customers while generating more revenue for the business.Scaling is a natural progression for any business, but it can be difficult for Web3 businesses. Scaling can sometimes lead to losing key customers…
Peter Zhang 23 Jul 2024 04:42 Binance announced the early listing of BTCUSDT and ETHUSDT options starting on July 24, 2024 and expiring in November 2024. Binance, one of the world’s leading cryptocurrency exchanges, has announced the early listing of BTCUSDT and ETHUSDT options expiring on November 8, 2024. According to Binance, these options will be available for trading starting at 08:00 UTC on July 24, 2024. Details of the list The upcoming listing will include European-style options contracts that can only be exercised at expiry. This will give traders a new opportunity to…
Company • July 22, 2024 3:58 PM EDT Posted 1 minute earlier In ~ Bitcoin mining company HIVE Digital Technologies has announced plans to build a new 100-megawatt (MW) cryptocurrency mining facility in Paraguay.“This potential opportunity is expected to add an additional 6.5 exahashes per second (EH/s) to our Bitcoin mining operations, bringing our global EH/s to 12.1 EH/s,” the company’s president, Frank Holmes, said in the announcement. “This represents a significant milestone in our diversified growth strategy and supports our efforts to expand our global footprint with data center operations in Canada, Sweden, Iceland, and now Paraguay.”HIVE also announced…
The lead developer of the Shiba Inu (SHIB) coin said last week that a web3-based operating system is now needed after massive global service outages on banks and other networks. In a new post on social media platform X, Shytoshi Kusama says the decentralized Web3 operating system could be resilient to events like the recent outage that caused major banks including JPMorgan, Chase, Bank of America, and Wells Fargo to experience significant disruption. “As the world limps toward the weekend (with a simple update), it becomes clear that a new global operating system is needed. One that is decentralized, not…