In a recent article on Stellar (XLM), Bernardo Garcia, co-founder of Félix, shared his journey and motivation behind creating an innovative payments platform to help Latino immigrants living in the U.S. A WhatsApp-based payments platform, Félix solves a critical problem faced by many immigrants by allowing users to send money to their relatives in Latin America.Overcoming financial barriersGarcia’s experience when he arrived in the United States highlighted the inefficiencies and high costs associated with the traditional banking system. He shared a personal story of losing 5% of his savings on a single international transfer due…
Author: Crypto Flexs
Read More
Major cryptocurrency exchange Binance sends $150,000 worth of LUNC to the burn facility. Developers have found a way to remove 12 billion LUNC from suspended contracts. Staken Terra Luna Classic has reached 1.01T, bringing the staked percentage close to 15% of the supply. The Terra Luna Classic (LUNC) chain revival effort is in full swing as Binance conducts a monthly cumulative fee burn. In the 23rd burn ceremony of Terra Luna Classic, Binance burned a total of 1,725,990,630 LUNC coins recovered from relevant trading pairs on Binance’s global platform. Will LUNC Burns be further strengthened by Binance? Binance’s July 1st…
Bitcoin was trading at $61,000 on July 3 after the U.S. inflation outlook worsened.BTC/USD 1-hour chart. Source: TradingViewFed Powell Takes Hardline Position on Rate CutsAccording to data from Cointelegraph Markets Pro and TradingView, BTC price strength is slowly recovering after dropping 2% at the daily close.This further extended the existing downtrend, creating a low of $60,561 on Bitstamp and erasing the weekend’s uptrend.The mood appeared to sour after Federal Reserve Chairman Jerome Powell delivered a speech on the economy and monetary policy at an event in Portugal.He explained that the Federal Reserve needs to be more confident that the situation…
Policy • July 3, 2024 3:40 a.m. EDT Posted 1 minute earlier In ~ Updated: July 3, 2024, 3:44 AM EDT Hong Kong’s financial secretary said the regulator will “review requirements” for cryptocurrency-related activities as needed as the industry develops.Christopher Hui, Minister of Financial Services and Treasury, said The Hong Kong Monetary Authority and the Securities and Futures Commission “will monitor market developments and review requirements for VA-related activities as appropriate,” the Legislature heard today. He made the remarks when a lawmaker asked whether the regulator would speed up the cryptocurrency licensing review process and relax rules for intermediaries to…
According to a prominent crypto analyst, deep-pocketed investors are suddenly buying up one of the top 10 altcoins. Cryptocurrency strategist Ali Martinez told her 66,200 followers on social media platform X that whales had been swiping up the native tokens of layer 1 blockchain TONcoin (TON) in the past week. “Whales bought over 45 million TON coins last week, worth about $346.5 million!” Source: Ali Martinez/X At the time of writing, Toncoin is trading at $7.77, up about 2% over the last 24 hours. The analyst then said that the Tom DeMark (TD) Sequential indicator, which traders use to gauge…
Edgeless Systems has launched Continuum AI, a pioneering generative AI (GenAI) framework designed to maintain encrypted prompts at all times through confidential computing. According to the NVIDIA Technology Blog, this innovative solution combines confidential virtual machines (VMs) with NVIDIA H100 GPUs and secure sandboxing. Data Privacy and Security Guarantee The launch of Continuum AI represents a significant step forward in AI deployment, allowing enterprises to leverage powerful large-scale language models (LLMs) without compromising data privacy and security. Edgeless Systems is working with NVIDIA to help organizations across a wide range of industries securely integrate AI.…
Bitcoin price is recovering from its June downtrend, but on-chain data suggests it could face resistance at the $65,000 level.According to data from Cointelegraph Markets Pro and TradingView, Bitcoin (BTC) is trading at $62,288, down 0.5% in the last 24 hours and 8.6% in the last 30 days. This follows a prolonged downtrend in June that reversed all gains made in May. According to Coinglass data, when Bitcoin is negative in June, it tends to bounce back strongly in July. In fact, BTC had an average return of 7.98% in July, with a median return of 9.60%.Bitcoin monthly returns. Source:…
XMR has surged 4.39% over the last 7 days. XMR could rally to $190 as it recovers from delisting and regulatory hurdles. Over the past six months, Monero (XMR) has struggled with delistings from various exchange platforms. In February, Binance (BNB) announced plans to delist XMR from its exchange. Following this, Kraken announced on June 10 that it would delist Monero in Ireland and Belgium, following the UK. The move by Kraken and Binance to delist XMR, a privacy-focused coin, highlights the regulatory challenges cryptocurrencies face. Within Europe, privacy coins will disappear from the market as AMLR passes. With these…
Blast, an Ethereum Layer 2 network created by the founder of NFT marketplace Blur, has announced details of its second-phase rewards for users.The project announced in a blog post that the second phase of user rewards (similar to the first round) will be split into Blast Points and Blast Gold, with 10 billion tokens allocated. Blast has allocated 17 billion tokens to the first phase of rewards, which began last week. “The primary purpose of Phase 2 is to support the development of mobile dapps and incentivize users to use those dapps through the Blast app,” Blast said in the…
According to the LangChain blog, New Computer significantly improves the memory search system by integrating LangSmith, achieving 50% higher recall and 40% higher accuracy compared to previous baselines. About the new computer New Computer is the team behind Dot, the first personal AI designed to truly understand its users. Dot’s long-term memory system evolves by observing linguistic and behavioral cues, providing timely and personalized support to create a perception of true understanding. A brief overview of Dot’s Agentic Memory The innovative agent memory system developed by New Computer dynamically generates or precomputes documents for future…