The Starknet Foundation has announced a new grant program supporting $5 million worth of USDC for emerging projects on the network.The new $5 million seed grant program aims to support at least 200 promising teams with USD Coin (USDC) per beneficiary, giving them a “final push” to launch their final-stage projects on Ethereum Layer 2 extension, Starknet. provides. It is a solution based on zero-knowledge rollup technology.According to Diego Oliva, CEO of the Starknet Foundation, the $5 million grant program comes in response to a key challenge for current Starknet developers. Oliva told Cointelegraph:“We are listening carefully to developers (developers)…
Author: Crypto Flexs
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Ethereum (ETH), the world’s second-largest cryptocurrency, continues to grapple with uncertainty following a sharp price decline. Investors are in a bind, with whales leaving positions and market sentiment swinging between fear and glimmers of hope. Ethereum price is struggling to regain ground. Ethereum price has been on a roller coaster ride in recent months. After reaching new records in late 2021, cryptocurrency prices plummeted, rattling investors. The recovery is slow and Ethereum is currently hovering around $3,077, far from its all-time high. Source: Coingecko This lackluster performance is causing anxiety among investors, especially large holders known as whales. According to…
Bitcoin (BTC) returned above $64,000 on May 7 as the market gained liquidity on both sides of the order book.BTC/USD 1-hour chart. Source: TradingViewBTC price aims to crush surrounding sellers.Data from Cointelegraph Markets Pro and TradingView showed BTC price rising from Bitstamp’s intraday low of $62,864.Nonetheless, BTC/USD has still been within its trading range since May 3, giving speculators little chance to rest as they liquidate positions with sharp moves in either direction.Bidding liquidity stood at around $63,500 after the daily close, with Bitcoin reversing to hit the liquidity cloud about $1,000 higher, data from monitoring resource CoinGlass confirmed.BTC liquidation…
In the world of cryptocurrency trading, understanding technical analysis is paramount. One of the most influential theories in technical analysis is the Dow Theory, developed by Charles Dow, the founder of The Wall Street Journal, in the late 19th century. Despite being over a century old, the principles of the Dow Theory remain relevant in today’s crypto markets, providing valuable insights into market trends and behavior. In this comprehensive guide, we’ll explore the origins of the Dow Theory, its key principles, and how it can be applied to cryptocurrency trading. The Origins of the Dow Theory Charles Dow (1851–1902) is…
Posted 1 minute ago In ~ LayerZero co-founder Bryan Pellegrino confirmed late last night that LayerZero Labs employees will not be eligible to participate in the project’s upcoming airdrop and that claiming tokens is strictly prohibited.“We will be making a public announcement about this: All LayerZero Labs employees will have their claims 100% capped and will not be eligible,” said Pellegrino, CEO of LayerZero Labs. wrote At X.He added: “This will be a fireable offence, it has been announced internally for some time and always has been.”LayerZero is an interoperability protocol that aims to provide developers with the ability to…
A widely respected cryptocurrency strategist says one Dogecoin (DOGE) challenger is far ahead of its fellow altcoins. Pseudonymous analyst Cred told his 624,100 followers on social media platform X that he is bullish on frog-themed memecoin Pepe (PEPE). According to cryptocurrency strategists, PEPE is leading the altcoin pack in terms of market structure, with memecoins nearing all-time highs even after last month’s market-wide correction. “PEPE: One of the strongest alts, ahead of other alts by breaking through high range (compared to Bonk and Doge, who are still technically testing their respective resistances).” source: Credit/X As of this writing, PEPE is…
This Mother’s Day, give your mom her favorite gift with a cryptocurrency-backed gift card. To celebrate, 10 lucky winners will receive a $250 e-gift card! Enter to win here.Whether she’s a fashionista, pet lover, or beauty enthusiast, you’ll find plenty of options from top retailers like DSW, Petsmart, and Ulta. Let her indulge in her own passions and treat herself the way she wants to. Make this Mother’s Day a memorable one with the convenience and flexibility of a cryptocurrency-backed gift card.From stylish shoes to pet essentials, these gift cards are the perfect choice to celebrate Mother’s Day in style.DSWDelight…
Digital Chamber, a trade association for the digital asset sector, criticized the SEC for issuing the Wells Notice to Robinhood Crypto. The group said in a statement on May 6 that it was “deeply disappointed and concerned” by the notice. The association also described this as an example of regulatory overreach. The Digital Chamber highlighted continued resistance to the SEC, which it claims is expanding its scope without congressional approval. Congress said it was “actively considering legislation” to clarify its regulatory jurisdiction over cryptocurrencies and accused the SEC of violating this process. To resolve the jurisdictional issue, the Digital Chamber…
One of the interesting problems in designing effective blockchain technologies is, how can we ensure that the systems remain censorship-proof? Although lots of work has been done in cryptoeconomics in order to ensure that blockchains continue pumping out new blocks, and particularly to prevent blocks from being reverted, substantially less attention has been put on the problem of ensuring that transactions that people want to put into the blockchain will actually get in, even if “the powers that be”, at least on that particular blockchain, would prefer otherwise. Censorship-resistance in decentralized cryptoeconomic systems is not just a matter of making…
All 11 spot Bitcoin ETFs saw inflows for the first time since their launch in January. This dynamic was recorded on May 3, according to Bloomberg analyst Eric Balchunas. But he expressed doubts whether that dynamic would happen again. For the first time, 1D flows in all green and no red in Bitcoin Bunch. I’m not going to skyrocket football like some did during the outflow, but I will point out that over 95% of ETF investors held it during a very unpleasant and persistent recession. The same thing will happen next time… pic.twitter.com/3l3uwwmqGy— Eric Balchunas (@EricBalchunas) May 6, 2024…