Palo Alto, CA, April 30, 2024, Chainwire The collaboration focuses on solving key Web3 challenges through data-driven insights, AI-based development tools, and zero-knowledge proofs. Sui, a layer 1 blockchain and smart contract platform created and launched by the core research team responsible for building Facebook’s Libra and Diem projects, is working with Google Cloud through a partnership with Mysten Labs to power the future of Web3. This joint effort will focus on improving security, scalability, developer tools, and user experience across a variety of Web3 and AI-based applications. Key initiatives of this partnership include: Data-driven dApps Google Cloud has strengthened…
Author: Crypto Flexs
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Bitcoin (BTC) hit a two-week low around the Wall Street open on April 30, amid disappointing results from new cash exchange-traded funds (ETFs).BTC/USD 1-hour chart. Source: TradingViewBTC price suddenly changed to target $60,000.Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD fell sharply after the Asian trading session, with the pair losing support at $61,000.Liquidations occurred quickly across cryptocurrencies, totaling $275 million in 24 hours, per data from monitoring resource CoinGlass.Cryptocurrency liquidation (screenshot) Source: CoinglassThe already cautious mood turned decidedly bearish after it was revealed that the first day of trading volume for Hong Kong’s new Bitcoin ETF was…
join us telegram A channel to stay up to date on breaking news coverage Although meme coins come with inherent risks, exploring this market can provide an interesting and potentially profitable opportunity to expand your investment portfolio. Despite their appeal, investors should approach meme coins with caution, conducting thorough research and understanding the speculative nature of these assets. Some take advantage of the high-risk, high-reward nature of meme coins, while others can expose you to significant financial risk if you are not careful. Therefore, this piece contains a list of top 5 meme coins with 100x returns, along with their…
Whale sold all of his UNI and bought 329.3 billion PEPE. PEPE holders were growing at a faster rate than UNI. According to AMBCrypto’s market analysis, traders seem convinced that DeFi tokens may not be able to replicate the performance they had during the 2021 bull cycle. Evidence for this has appeared in the past as well. On April 30, further evidence emerged. The whale abandoned all Uniswap (UNI) tokens. What did he do instead? He accumulated 329.3 billion PEPE and withdrew it from Binance. However, it is important to note that the traders mentioned made $7 million by holding…
Hong Kong’s financial markets witnessed a sluggish start for newly launched Bitcoin and Ethereum exchange-traded funds (ETFs), which failed to meet initial trading volume expectations. Despite the significant initial issuance size, market interest appeared to be limited, as evidenced by first day trading data. Spot Bitcoin and Ethereum ETFs See Lukewarm Debuts ChinaAMC Bitcoin ETF denominated in HKD (tickers: 3042.HK and 3046.HK) and its USD equivalent Harvest BitcoinSpot ETF (tickers: 3439.HK and 3179.HK), Bosera HashKey BTC ETF denominated in USD (tickers): 3008.HK and 3009.HK) were among several ETFs that began trading. ChinaAMC Bitcoin ETF reported a significant initial issuance size…
Casal Di Basso CS, Italy, April 29, 2024, Chainwire Darklume VR, a pioneer in the VR entertainment industry, proudly announces the launch of DarkLume VR, an incredible virtual world where users can experience fun, entertainment, and fantasy elements like never before. DarkLume VR’s mission is to create a dynamic and immersive metaverse where users can connect with like-minded people and experience the epitome of luxury and sophistication. Users can participate in pre-sales here. Darklume VR transports players to a realm where reality and fantasy meet, delivering an incredible level of immersion that blurs the lines between the real and virtual…
Siddharth Lalwani is on a mission to redefine the blockchain ecosystem with Skate, a universal application layer integrated with EigenLayer that enables apps to run seamlessly across thousands of chains with a single, unified state. As the Co-Founder and CEO of Range Protocol, the company behind Skate, Siddharth brings deep expertise in web3 infrastructure and DeFi from his experience at leading firms like Altonomy, Point72, Bybit, Certik, and Citigroup.In this exclusive interview, Siddharth shares his vision for solving the challenges of application fragmentation and liquidity silos that plague the current multi-chain landscape. He explains how Skate’s innovative approach of embedding…
The warning clearly states that June 30th has been designated as the reporting date for overseas financial holdings. As countries try to find a balance in financial and cryptocurrency regulation, South Korea has issued a new warning to cryptocurrency holders that they may face prosecution if they fail to report their holdings on foreign cryptocurrency exchanges. This is part of a plan to create stricter guidelines. According to a recent report, digital assets held on exchanges outside of Korea are considered offshore assets. Obligation to report overseas financial accounts A warning posted to MoneyS by Kim Dae-kyung, a tax accountant…
Coinbase, the largest U.S. cryptocurrency exchange by trading volume, is launching support for the Lightning Network starting today. This allows users to send, receive, and pay Bitcoin faster and cheaper directly from their accounts. Previously, Bitcoin transfers from Coinbase were processed on-chain. This meant that transactions could take anywhere from 10 minutes to 2 hours, resulting in high fees during periods of network congestion. Launched in 2017, Lightning Network is a layer 2 protocol built on top of the Lightning Network. bitcoin BTC -2.63% A blockchain designed to solve scalability problems through two-way payment channels that enable near-instantaneous, low-fee transactions…
In this article, we look at on-chain analytics and how it can improve cryptocurrency trading and investing. On-chain analytics (also known as blockchain analytics) involves analyzing elements of a cryptocurrency with the goal of improving investment and trading decisions. Additionally, on-chain data is information about all transactions that occurred on the network. In the case of public blockchains such as Bitcoin and Ethereum, anyone can access these transactions. Appropriate use of on-chain metrics can make blockchain transaction data more applicable to cryptocurrency market intelligence. This means, for example, combining indicators with technical and fundamental analysis to obtain better information. There…