That said, Rodarmor readily acknowledged that his latest project, Runes, which launched in time for the Bitcoin halving event on April 19, 2024, is decidedly less important than Bitcoin itself. He called the protocol “sideshow,” which allows for the creation of tradable assets on Bitcoin, similar to tokens on Ethereum.
Author: Crypto Flexs
Read More
Contrary to reports at the time, Polygon never attempted to kill Ethereum. In 2021, various organizations including CoinGecko and Nasdaq classified Polygon as a “faster and cheaper” blockchain than Ethereum, building a perception among some that the project’s proof-of-stake blockchain would be an “Ethereum killer” . Anurag Arjun, co-founder of Polygon and Avail, argues that labels could not be more accurate. “I don’t think that was the intention. Of course, this may be perception, but in terms of actual action, it means that Polygon has built one of the first zkEVM rollups on Ethereum.” This is what the Indian-born tech…
The fate of OneCoin founder and alleged fraudster cryptocurrency queen Ruja Ignatova remains a mystery. Ignatova defrauded investors of $4.5 billion and disappeared without any verifiable traces of her life or death. In this seemingly crime thriller, the mystery of the missing mastermind behind the OneCoin Ponzi scheme, better known as cryptocurrency queen Ruja Ignatova, leaves more questions than answers. In 2014, Ignatova successfully defrauded 3.5 million investors out of $4.5 billion after making unthinkable promises. Bitcoin- Similar to the profits from her cryptocurrency, OneCoin. After the robbery, the Oxford-educated Bulgarian woman disappeared without a trace. And so, ten years…
XRP price is slowly rising from the $0.5080 area. A rise above the $0.5250 resistance area could provide bullish momentum. XRP is attempting a fresh increase above the $0.5120 area. The price is currently trading above $0.5150 and the 100-hour simple moving average. On the hourly chart of the XRP/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance near $0.5160. If there is a clear move above $0.5250, the pair could begin a significant increase. XRP Price Eye Recovery XRP price extended losses below the $0.5120 level, similar to Bitcoin and Ethereum. The…
Venture capitalist and billionaire investor Chamath Palihapitiya predicted: Bitcoin You can witness unprecedented price increases up to $500,000. This ambitious forecast hinges on the likelihood of the uptrend continuing. Bitcoin’s fourth halving, This happened on April 20, 2024. Bitcoin surges to $500,000 Palihapitiya has entered a notable phase. Argument About the impact of historical halving cycles on Bitcoin value. The billionaire investor shared the following price analysis: Bitcoin performance Trend patterns following each halving event.advertising Related Reading According to Palihapitiya, historically Bitcoin has hit all-time highs after each halving. He highlighted the following correlation: Bitcoin Halving Events from 2012 to…
Popular memecoin promoter Sahil Arora (@Habibi_Comm) has been banned from social media platform Caitlyn Jenner And Iggy Azalea committed a “pump and dump” scheme. recent rise From celebrity-themed meme coins.“That person scammed us! Big time!” Jenner wrote about The scam reportedly involved Arora acting as an intermediary, launching tokens on Jenner’s behalf, having Jenner promote them, and then dumping the tokens he owned, withdrawing liquidity and causing the price to plummet. Memecoin market.The JENNER token rose dramatically in 24 hours, reaching a market capitalization of $43 million, but then fell sharply. The market capitalization of the token at the time…
A new project unveiled today, a year after it was proposed, is dedicated to making the Ark concept a reality. Ark Labs has announced that it is developing a Bitcoin Layer 2 network and hopes to capitalize on the growing demand for scalable and affordable Bitcoin payment solutions.Marco Argentieri, CEO of Ark Labs, shared his perspective on the protocol’s evolution since its initial launch in an interview with Bitcoin Magazine. “After months of building prototypes and putting together proofs of concept, we believe Ark is ready to enter the next phase of development and are excited to share this opportunity…
In a recent episode of the Public Key Podcast, Los Angeles County Sheriff’s Deputy Tony Moore shared insights on how to combat cryptocurrency-related crimes. The discussion highlighted the complexity of investigating and policing the cryptocurrency world and highlighted the evolving skills needed to stay ahead of cybercriminals. Advances in Web3 Surveys Moore, who has been educating law enforcement about Bitcoin (BTC) since its early days, sat down with Chainalysis CMO Ian Andrews to discuss various challenges and developments in cryptocurrency security. Moore shared his experience dealing with crimes including social media parties, cryptocurrency ATM fraud,…
Ethereum layer 2 blockchain Linea is under fire after revealing that Velocore, a decentralized exchange operating on its network, was hacked and unilaterally stopped block production.Over the weekend, 700 ETH, equivalent to more than $2.6 million, was moved out of the layer 2 network via an anonymous third-party bridge due to the Velocore hack. As of press time, Volocore had incurred losses totaling $6.8 million. Linea explained that not being able to contact the DEX team led them to immediately “stop the sequencer to prevent further fund outflow.”It added:“Sequencer paused at blocks 5081800 and 5081801. During this pause, we gave…
Maximum Extractable Value (MEV) represents the maximum profit that miners, validators, or other network participants can extract by reordering transactions within a block, including or excluding them. According to the BNB Chain blog, understanding MEV and its implications is very important for blockchain participants.What is MEV?MEV is a by-product of the decentralized nature of blockchain technology. Unlike traditional financial systems where a central authority dictates transaction orders, blockchain transactions are ordered according to protocol rules. This allows miners and validators to optimize the order of transactions for their benefit, creating a dynamic and potentially highly…