After approaching the $68,000 level on July 22, Bitcoin (BTC) has faced a 6% correction over the past three days, wiping out the gains made in the previous week. From a bullish perspective, there are positive signs as the $64,000 support remains firm. Buyers are defending Bitcoin’s market cap at $1.25 trillion, slightly higher than the British pound ($1.15 trillion). Still, Bitcoin bears are supported by macroeconomic data, at least in the short term.Bitcoin price drop coincides with U.S. stock market declineBitcoin’s price decline coincides with the Nasdaq index futures movement, which experienced a 4.9% correction between July 23 and…
Author: Crypto Flexs
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near -8.67% Protocol is a Layer 1 blockchain platform designed to simplify the creation and deployment of fast, cheap, decentralized applications (dapps). It competes with Ethereum, Solana, and other Layer 1 blockchains. The platform’s core technical feature is an approach to sharding called “Nightshade,” which the developers claim will allow the network to process transactions quickly and cheaply.Establishment and DevelopmentThe NEAR protocol was founded in 2018 in San Francisco by computer scientists Alexander Skidanov and Illia Polosukhin, at a time when Ethereum’s congestion and scalability problems were becoming more prominent. Skidanov previously worked as head of engineering at MemSQL, and…
Coinbase’s Layer 2 chain, Base, begins its journey towards Phase 1 decentralization by deploying a proof of error on the Base Sepolia testnet. The Base network is centralized, meaning only operators can propose network status to the Ethereum mainnet. Anyone can propose a Base state and initiate the transition to decentralized rollups through a proof of error. On July 23, 2024, Base network operators announced the deployment of the proof of error to the Base Sepolia testnet, a staging environment for running and testing applications and code before deploying to the mainnet. According to a social media post from Base…
Investment manager VanEck predicted in a July 24 report that Bitcoin (BTC) could reach a total market cap of $61 trillion (or about $2.9 million per coin) by 2050 due to massive demand for decentralized currencies used as collateral for transaction settlements and as central bank reserves. “We can imagine that by 2050, Bitcoin could be used to settle 10% of global trade and 5% of global domestic trade,” VanEck said in the report. “This scenario would lead central banks to hold 2.5% of their assets in BTC.”VanEck added that the total value of scaling solutions for Bitcoin’s blockchain network,…
Rebecca Moen 25 July 2024 17:30 Binance Square will be giving away $10,000 worth of PIXEL tokens to verified users who complete the specified tasks. This activity will run from July 25, 2024 to August 8, 2024. According to Binance, Binance Square has launched a new giveaway event, giving verified users a chance to win $10,000 worth of PIXEL tokens by completing a series of simple tasks. The activity period for this giveaway event is from 09:00 (UTC) on July 25, 2024 to 09:00 (UTC) on August 8, 2024. During this period, users can…
Bitcoin rose back to $65,000 after Wall Street opened on July 25 as U.S. stocks recovered from their worst day since 2022.BTC/USD 1-hour chart. Source: TradingViewBitcoin turns bullish after algorithm-driven selloffBitcoin (BTC) price has rebounded after initial selling pressure, according to data from Cointelegraph Markets Pro and TradingView.Popular Trader Skew says this is a form of trading algorithm, highlighting one entity in particular called an “aggressive seller.”Source: Skew“This morning is a great example of a fluid game,” he explained in the latest X update. “Aggressive sellers have driven the price down before a large passive buyer comes in. The price…
Tortola, BVI, July 25, 2024, Chainwire Tanssi AppChain Infrastructure Protocol announces a significant collaboration with Grupo Flow, one of Brazil’s largest media ecosystems, boasting over 23 million subscribers across multiple platforms. This collaboration represents a milestone as Grupo Flow transitions into the blockchain space with the creation of Flow Chain. Tanssi facilitates this move, bringing Grupo Flow’s vast community into the blockchain space while connecting them to Polkadot’s vibrant and interoperable ecosystem. This strategic integration will enhance user engagement, expand Grupo Flow’s audience reach, and open up new monetization opportunities for content creators on the Flow Chain platform, ensuring a…
Retail stock and cryptocurrency platform eToro has disabled trading of Terra Luna Classic. eToro made its decision based on the progress of Terra’s bankruptcy case. LUNC Validators Put Pressure on TerraForm CEO, Demand Answers The community of the Terra Luna Classic (LUNC) blockchain has expressed its disdain for eToro’s actions in the wake of TerraForm Labs’ bankruptcy proceedings. TerraForm Labs, the parent company of Terra Luna Classic, recently released a timeline for claims of losses related to the ecosystem crisis in May 2022. eToro has decided to delist both associated tokens, Terra (LUNA) and LUNC.Why eToro’s Delisting Outraged LUNC HolderseToro’s…
Aave, a decentralized lending platform, may adopt fee switching to return a portion of the platform’s net excess revenue to its primary users.Mark Zeller posted a “temp check” on Thursday. He is the founder of the Aave Chan Initiative (ACI), one of the leading independent organizations providing services to the Aave DAO. The next step is for the Aave community to weigh in on the issue and potentially move to a snapshot vote.“With ACI, we believe DAOs are ready to take the next step in protocol maturity and present a clear path for the redistribution of protocol net surplus revenues…
Jorg Hiller 25 Jul 2024 02:15 NVIDIA presents VISTA-2D, a model that improves cell segmentation and shape clustering in spatial omics, providing a major advance in biology research. According to the NVIDIA Technical Blog, NVIDIA has unveiled VISTA-2D, a baseline model designed to significantly improve cell segmentation in cellular imaging and spatial omics workflows. The model aims to improve the accuracy of downstream tasks by leveraging advanced image embedding techniques. Feature Extraction and Clustering The VISTA-2D model uses an image encoder to generate embeddings that can be converted into segmentation masks. These embeddings provide…