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Author: Crypto Flexs
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Analysis shows that a combination of rising BTC prices and renewed institutional interest sent Bitcoin trading to a two-week high on June 5.BTC/USD 1-hour chart. Source: TradingViewTrader: BTC Price Reaction: “Not Surprised”Bitcoin (BTC) hit a local high of $71,286 on Bitstamp after the day’s close, according to data from Cointelegraph Markets Pro and TradingView.Bulls took gains in the Asian session and Wall Street is now in focus after “strong bidding” at the start of the US trading week.Analyzing the market, popular trader Skew suggested that US spot Bitcoin exchange-traded funds (ETFs) have helped boost the bullish momentum.Data from sources including…
Ethereum Layer-2 is not just about scaling. Vitalik Buterin, one of the founders of Ethereum, says Ethereum Layer-2 is also home to “subcultures” that grow the Ethereum ecosystem beyond what any single chain can do on its own. In a May 29 blog post on Buterin’s self-hosted blog, the Ethereum co-founder explored the benefits of Layer 2 blockchains beyond technological innovation, arguing that this layer also serves as a hotbed of the cryptocurrency subculture. One of these subcultures includes old-school “cypherpunks,” who build infrastructure and tools but aren’t concerned about how they are used, while philanthropic “recyclers” focus on providing…
The cryptocurrency world is abuzz with buzz surrounding Notcoin (NOT), a recently launched altcoin. Market analyst Michael van de Poppe fanned the flames with a bold prediction. This means that the price of NOT against Bitcoin (BTC) is likely to surge 2-5 times in the next four months. Related Reading From underdog to market leader Notcoin exploded in popularity, skyrocketing 600% in just a few weeks. Analysts attribute this initial surge to exchange listings on major platforms such as Binance and OKX, which generated significant liquidity and investor interest. While Bitcoin remains characteristically stable, Notcoin has seen dramatic price fluctuations.…
Binance Coin (BNB) has hit a new all-time high (ATH) of $708 at the time of writing, after rising 12% in price. BNB is the native cryptocurrency on the Binance platform, one of the largest and most popular cryptocurrency exchanges in the world. Released in July 2017, it is used for various purposes (…)
Solana-powered AI DePIN io.net launches IO Summit keynote – Chainwire housenewsroomAI DePIN io.net, powered by Solana, begins keynote speech at IO Summit We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing…
Funding • June 5, 2024 12:18 AM EDT Posted 1 minute ago In ~ Updated: June 5, 2024, 1:11 AM EDT The U.S. spot Bitcoin exchange-traded fund attracted $886.75 million worth of funds on June 4, recording the second-highest daily net inflow since listing. The highest daily net inflow to a spot Bitcoin fund was on March 12, when the fund received $1.05 billion.The largest net inflow on Tuesday came from Fidelity’s FBTC, which added $379 million. That followed net inflows of $274 million, according to BlackRock’s IBIT. data From SoSoValue. To date, the cumulative net inflow has reached $14.85…
Our current proof-of-work design, Blockchain-based proof-of-workis the second iteration of an attempt to create a mining algorithm that ensures that it remains CPU-friendly in the long run and is resistant to optimization by specialized hardware (ASICs). Our first attempt, Dagger, is a directed acyclic graph (basically, each node has multiple parents). Our current strategy takes a much more rigorous path. Proof-of-work involves executing random contracts on a blockchain. Because the Ethereum scripting language is Turing-complete, any ASIC that can run Ethereum scripts is by definition an ASIC for general computation. CPU – A much more elegant argument than “this is…
Tezos (XTZ) blockchain We have successfully activated the Paris Protocol upgrade, marking an important milestone in the development of our platform. According to Nomadic Labs, the upgrade applied in block #5,726,209 on June 4, 2024 introduces several important improvements aimed at improving scalability and staking. Introducing a data availability layer One of the key features of the Paris upgrade is the introduction of the Data Availability Layer (DAL). This new layer is designed to significantly improve the throughput of Smart Rollups, including Etherlink. Tezos bakers are encouraged to participate in DALs, which require different hardware…
Polygon has acquired another ZK team. The newly acquired team boasts a wealth of talent and experience. The two teams will already boast a good working relationship. The first signs of Polygon’s interest in zero-knowledge technology came in 2021, when the company shelled out big money to acquire Hermez Network and Mir Protocol in quick succession. Nearly three years later, it’s clear that the company isn’t just interested in the technology, but sees it as the endgame for scaling Ethereum, as it makes this technology central to its new multichain vision.As the project progresses along this expanded and refocused roadmap,…