Circle integrates Solana for enhanced Web3 services. The integration brings programmable wallets, gas stations to subsidize transaction fees, and NFTs to Solana. Solana’s increase in active addresses highlights its expanding developer appeal. Circle, the peer-to-peer payment technology company currently managing the USDC stablecoin, has announced integration with the Solana blockchain, taking a significant step toward expanding its Web3 services. This move is intended to introduce advanced features that improve user interaction and automation within the Solana ecosystem. Circle’s web3 service expands to Solana. The integration of Circle and Solana will occur in two major steps: In the initial phase, Solana…
Author: Crypto Flexs
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Fox Corporation announced a significant upgrade to its verification beta by switching to a proprietary zero-knowledge (ZK) blockchain using Polygon’s (MATIC) chain development kit (CDK). According to Polygon Technology, this move makes Fox Corporation the first company to launch ZK-based Ethereum Layer 2 (L2).Time as the first external partnerIn a notable development, TIME will become the first external media company to utilize Verification Protocol for content licensing and verification. The partnership aims to build a technological and cryptographic bridge to AI platforms, opening up new commercial opportunities for publishers.Content registration and verificationThe verification protocol, developed…
According to Blur, a non-fungible token (NFT) marketplace, the price of Bored Ape Yacht Club (BAYC) has plummeted over the past 24 hours, falling below $10 Ethereum (ETH). This sharp decline has surprised the NFT community and sparked discussion and concerns about the future of BAYC and the broader NFT market. At the time of writing, Blur lists the lowest price for BAYC as 8.95 ETH. Meanwhile, OpenSea, another major NFT marketplace, shows a slightly higher floor price of 9.49 ETH. Converting current prices to USD, 1 ETH is equivalent to $3,400, and the lowest BAYC price on Blur is…
Despite a brief rise to $151 on June 16, Solana’s native SOL token has experienced a 24% correction since June 7. This underperformed the overall cryptocurrency market capitalization, which fell 14% over the same period. This means that Solana (SOL)’s problems are more pronounced than the overall market’s decline in interest in cryptocurrencies.Several indicators, including on-chain activity on the Solana network and demand for leveraged positions, indicate that SOL’s bearish momentum is likely to continue. If demand remains flat, we could see a retest of sub-$130 levels.SOL Price Could Suffer Due to ETF ShortagePart of the decline in interest in…
The cryptocurrency market has undergone significant changes, causing many analysts to caution against investing in altcoins. Historically, in bull markets, Bitcoin and Ethereum rose first, followed by altcoins. However, current events suggest a change in this pattern. Why it’s dangerous to buy altcoins now Quinn Thompson, founder of cryptocurrency hedge fund Lekker Capital, advises against investing in altcoins at this time. He pointed to several indicators of market instability, including high leverage and open interest, lack of panic buying, and stagnant stablecoin supply. He believes the market is experiencing increasing selling pressure, particularly from venture capital funds needing to raise…
The ever-growing popularity of cryptocurrencies has come under fire once again, this time due to their environmental costs. A new report from Greenpeace casts a critical eye on the energy consumption of Bitcoin mining, directly criticizing the Wall Street financiers who support the industry. Wall Street’s dirty little secret? The report argues that traditional financial institutions are deeply intertwined with the environmental impacts of Bitcoin mining. Bitcoin itself operates on a decentralized network, but the large-scale mining facilities needed to secure the currency are funded and backed by Wall Street giants. The report said that despite the popular belief that…
Famous cryptocurrency exchange OKX announced plans to upgrade its wallet data service at 22:00 (UTC) on June 19, 2024. According to OKX, this upgrade is expected to cause temporary disruption to users. Upgrade details You may experience delays in updating your dashboard asset data during the upgrade. Additionally, wallet transactions and interactions may temporarily fail. OKX assured users that these issues are normal and expected during the upgrade process. Affected services include the OKX wallet app, wallet extension, and web dashboard. The upgrade is expected to complete within 30 minutes. OKX emphasized that no further…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportEthereum and BNB Chain Bridge Router Protocol have closed an oversubscription funding round to expand the bridge to more networks.Router Protocol, a modular cross-chain framework for building interoperable applications. By connecting different blockchain ecosystems, bridges play an important role in creating a more cohesive and streamlined network.It will be launched on the Polygon and BSC chains in 2022 with the goal of making life easier for future Web3 users.Router Protocol…
Since the rise of the cryptocurrency market, Cardano has steadily established itself as one of the largest cryptocurrencies in the industry by the price of its native ADA coin. However, despite its popularity among investors, it has not performed as well as other cryptocurrencies. In light of this, crypto expert Ben Armstrong, popularly known as BitBoy, shared his views on why the network is struggling. Cardano suffers from misinformation. One of the problems that cryptocurrency analysts have mentioned that Cardano has had over the years is the fact that there has been misinformation. Cardano has often been the target of…
Masternode hosting offers a deeper engagement with cryptocurrencies, allowing users to actively participate in blockchain networks and potentially earn passive income. However, it requires a certain level of technical expertise and a significant initial investment. While regular nodes primarily validate transactions on blockchain networks, masternodes take on additional responsibilities. These include facilitating faster transactions, contributing to network governance decisions, and enhancing overall network efficiency. Horizon is a notable example of a project that leverages masternodes to support its network operations. This article explores the concept of masternodes, detailing their functionality, various methods to earn income through masternode operation, comparisons with…