Louisa Crawford 19 Aug 2024 13:20 BNB Chain has announced a $1 million gas subsidy program aimed at supporting Web3 startups and developers for three months. BNB Chain has unveiled a new Gas Grants Program that will provide over $1 million in rewards to support Web3 innovation and growth. According to the BNB Chain Blog, the initiative, which will run for three months, aims to support startups and developers to achieve significant business success within the BNB Chain ecosystem. Program Eligibility This program is open to: Decentralized applications (dApp) will be deployed on the…
Author: Crypto Flexs
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According to CoinMarketCap, Cardano has dropped out of the top 10 cryptocurrencies by market cap, falling by around 3% over the past seven days.Cardano (ADA), which ranked third in the cryptocurrency rankings during the 2021 bull cycle, is now ranked 11th, behind Tron (TRX). Tron’s current market cap is $12.04 billion, while Cardano’s market cap is $11.89 billion.This isn’t the first time Cardano has fallen out of the top 10. In May, Toncoin overtook ADA after TON surged 30% in two weeks.Top 10 cryptocurrencies by market cap. Source: CoinMarketCapThis comes amid a market-wide correction that has seen most cryptocurrencies drop…
MATIC is currently in a subdued price action in the cycle and is approaching its June 2022 low. MATIC holders will be able to convert their balances into multi-purpose POL tokens in September. Polygon (MATIC) is currently in the process of transitioning to a more advanced decentralized system. Polygon 2.0, released in June 2023, entails a series of upgrades that redefine Polygon’s token economics, protocol architecture, and governance aspects. The upgrade also includes improvements to the network’s consensus mechanism to support anticipated growth and scaling demands. Polygon’s ambition to become a multi-chain solution Polygon 2.0 introduces a new architecture focused…
The Democratic Party’s newly released platform may disappoint left-wing voters who are weighing whether to vote for them in November, but they also want a new vision for how the U.S. government should handle cryptocurrencies.The Democratic Party’s platform does not mention cryptocurrencies once at the party’s convention, which begins Monday. How politicians view cryptocurrencies could be a major issue for many voters in this year’s election.This stands in stark contrast to the Republican platform, which promised to “end the Democrats’ illegal and un-American crackdown on cryptocurrencies” and “defend the right to mine bitcoin.” Republican presidential candidate Donald Trump has made…
According to a blog post from EigenLayer, EigenDA, EigenLayer’s data availability protocol, has reduced its service prices by a factor of 10 and introduced a ‘free tier’. EigenDA is a “data availability layer” that operates on top of EigenLayer’s Ether (ETH) re-staking platform, designed to reduce the cost of storing and accessing on-chain data for Ethereum’s Layer 2 scaling chains. The price drop comes as EigenDA works to onboard more Layer 2s to its platform, which launched in April. According to the blog post, EigenDA’s mission is “to enrich trusted, scalable, and secure data availability (‘DA’).” “In pursuit of this…
Lawrence Jengar 19 Aug 2024 14:17 NVIDIA unveiled StormCast, a generative AI model that enhances mesoscale weather forecasting essential for disaster planning and climate research. As hurricanes, tornadoes, and other extreme weather events increase in frequency and severity, it is becoming increasingly important to use cutting-edge technologies to improve and accelerate climate research and forecasting. According to the NVIDIA Blog, amid the peak of the current Atlantic hurricane season, NVIDIA Research has announced StormCast, a groundbreaking generative AI model for high-fidelity atmospheric dynamics emulation. Advanced features of StormCast StormCast enables reliable weather forecasting at…
The history of Ethereum began more than a decade ago as a gleam in the eye of its creator, Vitalik Buterin, a gangly math genius frustrated by the limitations of Bitcoin who believed he could do something better with a blockchain. Instead of cryptocurrency being solely a monetary asset, Buterin envisioned extending blockchain technology to the point where it became a “global computer” — a platform that hosts decentralized applications, powered by smart contracts, with minimal need for human intervention or trust assumptions. Fast forward to today, and Ethereum is the second-largest crypto asset in the world, underpinning a trillion-dollar…
The history of Ethereum began more than a decade ago as a gleam in the eye of its creator, Vitalik Buterin, a gangly math genius frustrated by the limitations of Bitcoin who believed he could do something better with a blockchain. Instead of cryptocurrency being solely a monetary asset, Buterin envisioned extending blockchain technology to the point where it became a “global computer” — a platform that hosts decentralized applications, powered by smart contracts, with minimal need for human intervention or trust assumptions. Fast forward to today, and Ethereum is the second-largest crypto asset in the world, underpinning a trillion-dollar…
Silicon Valley hardware startup Fabric Cryptography has raised $33 million in a Series A funding round to develop a cryptographic processing unit called the Verifiable Processing Unit (VPU).The Series A funding round was co-led by Blockchain Capital and 1kx, with participation from Offchain Labs, Polygon, and Matter Labs. This round follows a $6 million seed round led by Metaplanet, with participation from Inflection, Liquid2 Ventures, and others.The funding will allow the team to build the compute chips, software, and cryptographic algorithms needed for the new VPU, which the team describes in a company press release as “a custom silicon chip…
Bitcoin (BTC) could find a breakout in September based on past chart patterns, with the next major price target being $86,000.Bitcoin price expected to break through in SeptemberRekt Capital, a prominent analyst, said that based on chart patterns following previous halvings, Bitcoin price could be headed for an imminent breakout in September.The analyst wrote to his 493,000 followers in an August 18 post on X:”Bitcoin tends to breakout in the parabolic phase of the cycle about 160 days after the halving. If history repeats itself, Bitcoin could be about a month away from a breakout, possibly in late September.”BTC/USD, 1-week…