Nostra founder David Garai stepped down as CEO of the Starknet-based DeFi project less than two weeks after the NSTR token airdrop.“I have resigned as CEO of Nostra,” Garai posted on X. “I will be back after a brief hiatus for the first time in four years. Stay tuned for my future plans.” The Nostra app is backed by developer Nostra Labs and allows users to lend, borrow, exchange, and connect cryptocurrencies. Garai claimed that over the past two and a half years, Nostra has become the largest and most profitable protocol on Starknet, with annual revenue of $2.5 million…
Author: Crypto Flexs
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Real Vision analyst Jamie Coutts believes high-quality altcoins could be primed for a price surge as global liquidity increases. Coutts told his 18,600 followers on social media platform X that the market was on the verge of a bear market, global liquidity was about to increase, and the risk/reward situation for high-quality altcoins was looking “more and more favorable.” “The equal-weight to market-cap-weight ratio of the top 200 stocks is at extreme bearish levels. It is currently -2.8 standard deviations. This is a severe decline that has only occurred three times before. • 2021: A bull market period, evidenced by…
Bitfarms Ltd. (Nasdaq/TSX: BITF), a global Bitcoin (BTC) mining company, announced the appointment of Fanny Philip to its board of directors. The decision, which was unanimously approved by the board, expands the board to five directors, four of whom are independent, according to GlobeNewswire. Fanny Philip’s Expertise Fanny Philip is a seasoned expert in blockchain technology and finance with a strong background in auditing, public company reporting, and mergers and acquisitions. She is the founder of MTI Conseils Inc., an accounting firm that provides outsourced accounting and CFO services. Her previous roles include CFO and…
Traditional financial institutions are looking for new ways to provide investors with access to digital assets through exchange-traded funds (ETFs).On June 27, Bloomberg Intelligence ETF analyst Henry Jim reported on three ETF products that provide investors with access to Bitcoin, Gold, Ethereum, and Micro Strategies.Stacked Bitcoin and Gold ETFsTidal Investments and Quantify Chaos Advisors have jointly filed a prospectus for a new ETF that provides indirect exposure to bitcoin and gold.According to filingThis ETF uses leveraged investing to expose investors to two assets without having to buy them directly. Invests in Bitcoin futures, gold futures, cash, reverse purchase contracts, and…
Internet celebrity Logan Paul has filed a defamation lawsuit against YouTuber Stephen Findeisen, better known as Coffeezilla, over a series of videos about Paul’s failed NFT game CryptoZoo.The fee is contaminated In San Antonio District Court on June 27, Paul alleged that Findeisen “maliciously and repeatedly” published false statements accusing Paul of committing fraud in connection with CryptoZoo.Court documents allege Findeisen “spread this false story, knowing it to be completely false, in order to increase his profile and increase his viewership and income.”Trilogy video The series in question was published in late 2022. In the report, Coffeezilla accused Paul of…
Tezos is a blockchain platform designed to solve the most fundamental problem of the ecosystem: marketability. In essence, it handles the problem by keeping you ready for upgrades and ensuring future operations. Simply put, no matter what happens in the future and how widely the ecosystem expands, Tezos’ mechanisms will have more than enough capacity to handle its functions. Tezos has now launched Tezos X. This was identified as a vision for a blockchain platform to handle future operations. Tezos Blockchain with superpowersa cloud-like backend that can be used for a wide range of applications. The key is Modular approachwhich…
Although cryptocurrencies were ignored in the presidential debate, altcoins showed a bullish trend. BODEN fell 35% after the discussion, and TREMP fell 7.35%. The much-anticipated first 2024 presidential debate between President Joe Biden and former President Donald Trump is now over and the dust has settled. However, it did not go as expected, especially for the crypto community, and they were disappointed. Despite great expectations for discussions on regulatory issues and other concerns related to the crypto industry, this topic was completely overlooked. The 90-minute discussion covered a variety of topics, including abortion and immigration, but not digital assets. This…
Chainlink launches Data Streams on Avalanche to improve real-time data accessibility. Data Streams introduces pull-based oracles for low-latency data retrieval. The new product expands Chainlink’s product offering. Chainlink has partnered with GMX (a perpetual futures trading platform) to launch a revolutionary product called Data Streams on the Avalanche Network. This new product aims to revolutionize data processing for decentralized applications like GMX. GMX leverages Chainlink’s cutting-edge data streams to provide real-time, high-frequency market data essential for decentralized futures exchanges. Chainlink’s Data Streams introduces a “pull-based” model. Chainlink’s Data Streams differ from traditional “push-based” oracle systems that regularly update on-chain data…
In a recent blog post, NVIDIA’s AI Red Team revealed potential vulnerabilities in large-scale language model (LLM) tokenizers and provided strategies to mitigate these risks. According to the NVIDIA Technology Blog, the tokenizer that converts the input string into a token ID for LLM processing can be a significant point of failure if not properly secured. Understanding Vulnerabilities Tokenizers are often reused across multiple models and are typically stored as plain text files, making them accessible and modifiable by anyone with sufficient privileges. An attacker could potentially alter the tokenizer’s .json configuration file to change…
Crypto margin trading empowers traders to amplify their trading positions by leveraging borrowed funds, thereby enhancing potential gains in the volatile cryptocurrency market. This sophisticated trading strategy involves borrowing capital from a broker or exchange to increase the size of a trade beyond the trader’s own capital capacity. To delve into crypto margin trading effectively, traders must grasp its mechanics, particularly how it operates with both long and short positions. A long position involves buying an asset with the expectation that its value will increase over time. By leveraging borrowed funds, traders can control a larger amount of the asset…