A new layer 2 Ethereum (ETH)-based altcoin jumped by triple digits as Coinbase, the leading US cryptocurrency exchange, added trading support for the asset. Movement (MOVE) surged to a high of $1.45 on Monday, up more than 135% from its low of $0.616. MOVE has since rebounded and is trading at $0.65 at the time of this writing, down 13.1% in the last 24 hours. It is the 96th largest cryptocurrency project with a market capitalization of $1.46 billion. Coinbase has added an “experimental label” to MOVE. The platform allocates tokens that carry certain risks, such as price fluctuations and…
Author: Crypto Flexs
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lawrence jenga December 11, 2024 16:58 NVIDIA’s OpenUSD-based simulation tools, such as Isaac Sim, are revolutionizing robotics by improving AI model training and performance and promoting cost-effective and scalable development. NVIDIA’s innovative approach to robotics development through OpenUSD-based simulation and synthetic data generation is transforming the industry. Tools like NVIDIA Isaac Sim are playing a pivotal role in improving AI model performance and accelerating robotics development, according to the NVIDIA blog. Enhancing robotics with scalable simulation The Universal Scene Description (OpenUSD) framework provides an extensible and interoperable platform for creating virtual environments in which…
December 11, 2024 Tokyo, Japan, Chainwire introduction Parex Network, a layer 1 blockchain, continues to take important steps to create a user-friendly Web3 experience that is accessible to a wider audience. Recent developments have improved the visibility, reliability, and overall usability of the network, contributing to the growth of the Parex ecosystem. CMC Verification: Increased Transparency and Accessibility Parex Network has completed the official verification process on CoinMarketCap (CMC), one of the most trusted platforms in the cryptocurrency market. Known for its reliability and accessibility, CMC is used by millions of users around the world to track and analyze digital…
Cardano fell 17% in 7 days as its bearish trend deepened. The network recorded a decline in DeFi TVL and active addresses, triggering the decline. Earlier this month, Cardano (ADA) Market capitalization exceeded $40 billion for the first time since 2022. This growth came amid a massive rally that pushed ADA to a multi-year high of $1.32. Cardano’s rally has since cooled, considering it was trading at $1.02 at press time, down 17% in seven days. The market capitalization also fell to $35 billion. This bearish reversal can be attributed to several factors. Cardano’s DeFi TVL falls from all-time highs.…
Each month, a panel of cryptocurrency lawyers examines the legal implications of the most challenging issues facing the industry in various jurisdictions around the world.. KOLs (Key Opinion Leaders) and social media influencers play an important role in cryptocurrency, educating their followers and highlighting new trends and opportunities.But at worst, they are salaried individuals who are allocated huge amounts of coins to promote their projects without proper disclosure. Sometimes they support memecoin scams and pump-and-dumps (consciously or unconsciously). So is this legal? If I was fooled by a post from my favorite influencer and bought 2000 Shitcoin with the promise…
December 11th Bitfinex Alpha | Bitcoin is consolidating its position at the $100,000 threshold. Post time: 03:15h On Bitfinex Alpha Posted by Tammy Bitcoin reached a historic milestone last week, surpassing $100,000 for the first time and hitting an all-time high of $104,000. This is a 111% increase over the summer low of $50,000. However, this dramatic breakout was followed by a sharp correction of 14.84%, including a sharp 10% drop in just 8 minutes. This is the steepest decline from record highs since the pre-election selloff. The correction triggered liquidations of more than $1.1 billion, $419 million of which…
Grand Cayman, Cayman Islands, December 11, 2024, Chainwire Backpack integrates Sui to provide unmatched speed and scalability to users around the world. Backpack, a leading exchange and wallet known for its seamless user experience and versatility across multiple asset classes, integrates with Sui, a layer 1 blockchain that offers unparalleled scalability and speed. Since launching a year ago, Backpack Exchange now offers $60 billion in trading volume to users in more than 150 countries. This partnership between the Sui and Backpack teams will create a variety of integration and listing opportunities for Sui’s projects while improving the user experience for…
As decentralized finance (DeFi) continues to grow, demand for oracles, a key tool for connecting blockchains to real-world data, is surging.Established providers like Chainlink are facing increasing competition from emerging players as decentralized applications (DApps) demand more efficient data delivery solutions.Marcin Kaźmierczak, co-founder and chief operating officer of RedStone, discussed the trend of DeFi oracles in an exclusive interview with Cointelegraph.Kaźmierczak said the oracle market is entering a new phase driven by innovation and multichain adoption, highlighting the rapid changes in DeFi and the potential overhaul of oracle providers.relevant: Trump Policies Could Make DeFi, BTC Staking Mainstream — RedStone Co-FounderMultichain…
james ding December 11, 2024 13:44 BitMEX announced the launch of MEUSDT perpetual swap. This will allow traders to leverage their Magic Eden tokens up to 50x starting December 11, 2024. BitMEX plans to expand its trading services by introducing the MEUSDT perpetual swap, which is scheduled to launch at 04:00 UTC on December 11, 2024. According to BitMEX, this new financial product allows traders to short or short Magic Eden (ME) tokens with leverage options of up to 50x. MEUSDT Trading Opportunities The upcoming MEUSDT perpetual swap listing marks a significant move for…
With the price of Bitcoin (BTC) exceeding $90,000, several struggling companies are trying to boost their fortunes by building on the token and using it as a lifeline. This business model is inspired by the success of Bitcoin-focused software company MicroStrategy in 2020, which has led to companies from a variety of industries now getting into the cryptocurrency game.Semler Scientific’s Big Bitcoin GambleSemler Scientific, a medical technology company, was facing a serious financial crisis due to Medicare payment issues. However, after investing in BTC, the company earned $31 million in revenue, surpassing its 2023 earnings. The stock price also surged…