Posted 1 minute ago In ~ The excitement around the site 6 months ago bitcoin BTC -0.99% Advances in the Bitcoin ecosystem such as ETFs, Ordinals, and the upcoming halving have pushed the average number of new Bitcoin addresses per share to its highest level since the all-time high in December 2017. But just like in early 2018, six months later, the number of new addresses joining the network has plummeted as enthusiasm for new Bitcoin projects has waned. According to data from The Block, an average of 275,000 addresses were added to the Bitcoin network each day last week,…
Author: Crypto Flexs
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Atleta Network Launches First Blockchain Platform Tailored to the Sports Industry, Web 3 Integrated Innovation – Chainwire housenewsroomAtleta Network Launches First Blockchain Platform Tailored for the Sports Industry, Web 3 Integration Innovation We use cookies to make your experience on Chainwire’s website better. Cookies help us provide you with 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.…
great. Just a minor update on what we are and aren’t doing here at Ethereum DEV. First and foremost, we are developing a powerful quasi-Turing complete blockchain. This is known as Ethereum. In addition to being quasi-Turing complete, there are a number of other important considerations that come from the fact that we are developing an entirely new blockchain technology, including: Fast with a block time of 12 seconds; It is light client friendly, using Merkle roots in headers for compact proof of containment/state, and DHT integration that allows light clients to host and share small parts of the overall…
The price of Solana has risen by more than 20% over the past seven days. If the rally resumes, SOL could rise above $180. Solana (SUN) It recovered $175 on May 18, but soon a price correction occurred, causing the token value to fall. Does this mean SOL will fall further in the coming days? To find out, let’s take a look at the current state of SOL. Solana is back at $175. Solana has been a huge success, with the token price rising significantly over the past week. According to CoinMarketCapThe price of SOL has surged more than 20%…
Synthetix’s sUSD depeg situation has once again highlighted the vulnerabilities within the DeFi system and the impact of liquidity changes. Synthetix’s decentralized stablecoin sUSD has seen an unexpected turn of events after falling below its intended $1 peg. The stablecoin issued via the Synthetix DeFi protocol fell as low as $0.92 on Thursday before partially recovering to $0.96. sUSD Depeg due to liquidity issues The incident was initially confirmed by Chaos Labs, the risk manager for the Aave lending protocol. According to their analysis, the depeg was triggered when a major liquidity provider withdrew from the sBTC/wBTC liquidity pool on…
Top cryptocurrencies have shown strong recoveries over the past week. Global market capitalization surged 7%, reaching $2.41 trillion. This increase reflected a $160 billion increase in value, driven by significant gains for most major cryptocurrencies. Here are our picks for the best cryptocurrencies to watch this week: SOL, BONK and FMT prices – May 19 | Source: Santiment SOL, 1-month high retest Solana (SOL) emerged as one of the top cryptocurrencies last week despite initially experiencing range-limited moves. It started the week below the $150 threshold and struggled to show strength amid weakness in the broader market. The broader market…
Tether’s USDT (USDT), the world’s largest stablecoin, issued an additional $1 billion, bringing its market capitalization to over $110 billion, which could be a catalyst for Bitcoin (BTC)’s next move to reach an all-time high. there is.Will more USDT push Bitcoin prices higher?The Tether Treasury minted $1 billion worth of USDT in the last 24 hours, bringing its annual total to $31 billion.According to a May 17 post on Lookonchain, newly minted USDT was a big reason why the price of Bitcoin rose from $27,000 to $73,000.This is a Bitcoin chart using newly minted USDT. Source: LookonchainTether may also directly…
LayerZero Labs, the company that developed the blockchain interoperability protocol LayerZero, aims to establish standards of fairness and smoothness with its first airdrop by limiting so-called Sybil activities where users control multiple wallets to unfairly obtain cash. We are aiming for it. Airdrop rewards. However, while the final fairness of the airdrop is still unknown, the chaotic launch was anything but smooth. Just ask the protocol’s CEO. “…awakening to the battlefield :D. We always knew this was going to be PvP (player vs. player), but this is something else.” LayerZero Labs CEO Bryan Pellegrino posted on X.According to Pellegrino, just…
It took just one flash of an idea, two minutes of typing, and four SOLs. In less than an hour, Michael Anderson created over $25 million in financial assets. “I’m sitting here asking, ‘What on earth just happened?’” Anderson, better known by his nickname Cryptocurrency. Commandsaid decryption. The outrageous story about the asset in question, the Solana meme coin called “Epik Duck,” is currently having a special resonance in the cryptocurrency industry. It is usually consumed as a blatant form of gambling with no technological advancements or usefulness whatsoever.On his weekly podcast last month, he hosted another cryptocurrency influencer. keyboard…
More than half of the $100 million worth of Ether involved in the infamous Poloniex hack that occurred in November 2023 was siphoned off via privacy protocol Tornado Cash.On November 10, 2023, a large-scale unauthorized leak was recorded from a wallet belonging to the cryptocurrency exchange Poloniex. A subsequent investigation determined that $100 million worth of Ether (ETH) was lost as a result of the hack.Poloniex claimed to have identified the hacker weeks later and offered a $10 million reward, but the stolen funds were never returned to the exchange. According to blockchain security company CertiK, the incident is likely…