CHAMPAIGN, ILLINOIS, USA, July 2, 2024, Chainwire Pi Squared (Proof of Proof) announced that it has closed its first round of capital. The syndicate led by Polychain Capital includes ABCDE, Bloccelerate, Generative Ventures, Robot Ventures, and Samsung Next. Angel investors include Shumo Chu, Harish Devarajan, Justin Drake, Sreeram Kanaan, Csongor Kiss, George Lambeth, Yilong Li, Calvin Liu, Lucian Mincu, Karthik Raju, and Common Prefix. Pi Squared enables trustless remote computing, AI, and interoperable smart contracts for any blockchain or dApp using zero-knowledge (ZK) technology in a precise and fundamentally unique way. This will be possible by creating a universal, non-disarmable,…
Author: Crypto Flexs
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Share this article Tokens associated with decentralized artificial intelligence network Bittensor have plummeted following reports of a possible security breach. According to data from CoinGecko, the native token, TAO, has fallen more than 15% in the past 24 hours, falling from $281 to $237.Bittensor co-founder Jacob Robert Steves confirmed that the network was temporarily down while developers investigated the situation. “Guys, we are investigating. The chain is currently protected by a firewall and we are preparing an update to switch to safe mode, but all transfers are blocked because we have quarantined the validator.” – @shibshib89 — Neural Bond Connery(τ,…
The Bitcoin (BTC) price has fallen by 2.25% over the last 24 hours and is currently 16% below its all-time high of $73,835 recorded on March 14.BTC/USD daily chart. Source: TradingViewBitcoin price has fallen by 8.75% over the past 30 days and by 5.5% over the past three months. The BTC price has been trending lower in June, and market analysts are questioning whether a “cycle top” is coming for the pioneering cryptocurrency.Let’s take a look at why some analysts think the Bitcoin bull market has peaked.Bitcoin Long-Term Holders Inflation Rate Approaches Critical Level Capriole Investments founder Charles Edwards said…
We told you June was going to be a bad month…June Recap: What the Heck Happened to Cryptocurrencies? The cryptocurrency markets had a lot of downside in June, and while we expected June to be a bearish month, it turned out worse than expected. There were a few key and significant events that occurred that month that contributed to the market decline. Key factors influencing cryptocurrencies in June:interest rate: The U.S. Federal Reserve did not cut interest rates in June as the market had expected, which sent markets lower even further.Mt. Gox: The now-defunct cryptocurrency exchange has postponed its repayment…
We told you June was going to be a bad month…June Recap: What the Heck Happened to Cryptocurrencies? The cryptocurrency markets had a lot of downside in June, and while we expected June to be a bearish month, it turned out worse than expected. There were a few key and significant events that occurred that month that contributed to the market decline. Key factors influencing cryptocurrencies in June:interest rate: The U.S. Federal Reserve did not cut interest rates in June as the market had expected, which sent markets lower even further.Mt. Gox: The now-defunct cryptocurrency exchange has postponed its repayment…
Enhance your summer travel and vacation plans with cryptocurrency-based gift cards from Delta, Hotels.com, and StubHub. Whether you’re booking flights, securing hotel stays, or purchasing tickets to summer events, these gift cards offer convenience and flexibility for all your travel needs.Plan your vacation seamlessly with easy-to-use cryptocurrency gift cards that can be used for flights, hotels, and events.Make your summer adventures even more enjoyable with the convenience of a Delta Gift Card.Enjoy luxurious stays in popular destinations with Hotels.com gift cards – the perfect summer vacation gift.Experience the best summer events and concerts with StubHub gift cards and make your…
Coinbase and Ripple Labs are seeking to use their case against the U.S. Securities and Exchange Commission to cite a recent order that Binance won regarding the way it handled secondary cryptocurrency sales.In the past few days, Coinbase and Ripple have both pointed to a lack of clarity in their respective lawsuit filings about how cryptocurrencies are regulated.Coinbase told the court that “Binance further supports the SEC’s call to engage in regulation of digital assets.” filing Tuesday. “As Coinbase explained, the reason rulemaking is necessary here is because the SEC has adopted a new, comprehensive, but still unclear view of…
Tether Operations Limited, a leading company in the digital asset industry, and BTguru, a prominent technology and strategy company specializing in virtual and crypto assets, have signed a Memorandum of Understanding (MoU) to promote digital asset education in Turkey. The collaboration aims to increase awareness and understanding of blockchain and P2P technologies among private and public stakeholders in the region. A broader vision for Tether EDU The MoU is part of Tether’s broader Tether EDU initiative, which aims to make education more accessible globally. By supporting education programs in emerging markets, Tether aims to prepare…
A renowned analyst known for making timely cryptocurrency predictions has revealed a huge price target for the Solana (SOL)-based Mimecoin Dogwifhot (WIF). Anonymous analyst Blunts told his 264,200 followers on social media platform X that WIF appears to be in the early stages of a new fifth-wave rally. Blunts practices Elliott Wave theory, which states that bullish assets tend to go through five-wave uptrends. The trader shares a chart suggesting that WIF could surge to $11 before completing its five-wave surge by November of this year. “Don’t be afraid to dream a little bigger. “and.” Source: Bluntz/X At the time…
The Ethereum (ETH) network continues to lead in decentralized application (DApp) adoption when it comes to transaction volume and deposits. Competing chains like Solana (SOL) and BNB Chain (BNB) benefit from lower transaction fees, which boosts metrics like unique active addresses, but there is nothing stopping well-funded entities from inflating Ethereum’s DApp transaction volume.In fact, the recent surge of activity on the Ethereum network is at odds with broader cryptocurrency market trends and contradicts other usage metrics. While it is impossible to verify manipulation, it is important to note that even a hefty $2.4 transaction fee could distort the numbers,…