One of the questions that has perhaps been central to my own research in blockchain technology is: ultimately, what is it even useful for? Why do we need blockchains for anything, what kinds of services should be run on blockchain-like architectures, and why specifically should services be run on blockchains instead of just living on plain old servers? Exactly how much value do blockchains provide: are they absolutely essential, or are they just nice to have? And, perhaps most importantly of all, what is the “killer app” going to be? Over the last few months, I have spent a lot…
Author: Crypto Flexs
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Arch Labs Team Bitcoin BTC +0.11% – Native application platform Arch raises $7 million in seed funding round.Multicoin Capital led the round in a rare Bitcoin deal for a venture capital firm. Other investors in the round include Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings and Tangent, Arch said Thursday.“Arch began raising funding in March and quickly closed in April due to tremendous interest from investors,” Arch co-founder Matt Mudano told The Block. Mudano declined to comment on the valuation, saying the round was structured as a Simple Contract for Future Assets (SAFE) along with token warrants.What is…
Lightning Labs is preparing to introduce stablecoins and other tokenized assets in a significant move that could redefine Bitcoin (BTC) financial transactions. Elizabeth Stark, CEO of Lightning Labs, announced these developments during an appearance at FT Live’s Crypto and Digital Assets Summit in London. Lightning Labs Reveals Plans to Integrate Stablecoins into the Bitcoin Network Stark said the development team at Lightning Labs has already begun testing the new protocol on the Lightning Network. “We released the initial portion of the code in October and recently demonstrated the first transaction of an asset on Lightning. The idea is to hold…
Bitcoin mining company Core Scientific Inc has released its first quarter 2023 financial report showing strong revenue growth and improved profitability. The company’s performance was driven by increased Bitcoin production, hosting revenue, and effective cost management. However, it also faces risks associated with Bitcoin price volatility and significant debt. Let’s take a look at the details of Core Scientific’s Q1 2023 financial report. solid revenue growth Core Scientific reported total revenue for the first quarter of 2023 of $179.3 million, a 49% increase from the previous year. This growth can be attributed to a variety…
The price of ADA has risen by more than 4% in the last 24 hours. Most surface sand investor sentiment seemed bullish on ADA. Cardano (ADA) Its performance over the past few hours has been one of the best among the top 10 cryptocurrencies. This pushed the price of ADA to serious levels right before breaking out of the bullish pattern. Cardano prepares for a rally Renowned cryptocurrency analyst World Of Charts recently posted the following: Twitter Highlights the bullish pattern formed on the ADA chart. According to the tweet, the price of ADA has reached the upper trendline of…
The bull I was beaten over and over again. In particular, the strength of XRP received attention with the recent liquidation of $1.27 million in long positions. Here’s why buy liquidation surged 6,350%: XRP’s recent price movementsEmphasizes the general sentiment of the ecosystem. $1.27 million long position was liquidated data It shows a buy position of $1.27 million on Coinglass. liquidated In the last 24 hours. This compares to the $19,220 liquidated from short positions during this period. This appears to have occurred because the price of The price decline of XRP during this period is believed to have been…
Lisbon, Portugal, May 9, 2024, Chainwire Azuro, the leading liquidity layer for on-chain predictions, and Chiliz, the world’s leading sports and entertainment blockchain, are collaborating to accelerate the adoption of the on-chain sports prediction market. This effort will enable millions of fans around the world to further support and root for their favorite teams and players through a fair and transparent prediction app. Chiliz Chain is known for its blockchain solutions that transform fan engagement with sports through features such as fan tokens and interactive engagement platforms. Through its flagship venture, Socios.com, the network has expanded significantly to support over…
Viral Telegram based games Notcoin We paused gameplay in April ahead of the token release, but it didn’t happen as quickly as expected. Several launch expectations have come and gone, but it now appears that the NOT token is actually just a few days away.Notcoin’s NOT token will be issued. open network (TON) is scheduled to be listed on May 16th and the project was announced overnight. At least two cryptocurrency exchanges (OKX and Bybit) have lined up to support this launch.OKX We are carrying out the ‘Jumpstart’ campaign. NOT rewards customers around. Toncoin Staking (TON) and give them a…
Bitcoin (BTC) failed to sustain its bounce in the Wall Street open on May 9, with new macro data reinforcing the strength of the risk asset.BTC/USD 1-hour chart. Source: TradingViewBitcoin ignores missing US unemployment claimsBTC briefly surged to $61,750 but failed to hold, according to data from Cointelegraph Markets Pro and TradingView.This comes on the back of recent U.S. unemployment claims expected to reach a nine-month high, 231,000 to 212,000.The Federal Reserve cited recent signs of labor market tensions as a key reason for considering a rate cut.Nonetheless, at the time of writing, BTC/USD is in no mood to celebrate,…
Cardano (ADA) is attempting a fresh rally above the $0.4500 resistance zone. ADA could gain bullish momentum if it stabilizes above the 100 SMA (H4). ADA price is slowly rising above the $0.450 area. The price is trading below $0.480 and the 100 simple moving average (4-hours). A breakout occurred above the main bearish trend line with resistance at $0.4580 on the 4-hours chart of the ADA/USD pair (data source from Kraken). If there is a clear move above $0.470, the pair could gain bullish momentum. Cardano price attempts a new rise Over the past few days, Cardano has begun…