Since reaching this year’s high of $0.00004749 a month ago on March 5, the price of Shiba Inu (SHIB) has fallen about 40%. Nonetheless, there may be brighter days ahead. Following a 390% surge in just 8 days from late February to early March, a sideways movement in SHIB prices was inevitable. But this phase may soon come to an end. Shiba Inu price surges 65%? On the daily chart, Memecoin is showing significant chart patterns that suggest a significant price move is imminent. Analysis of the daily SHIB/USD chart reveals a symmetrical triangle pattern. This classic chart pattern is…
Author: Crypto Flexs
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A recent research paper by Anton Korinek and Donghyun Seo explores different scenarios for the transition to artificial general intelligence (AGI). This paper analyzes the impact of technological progress on output and wages, considering the possibility of full automation and its impact on the labor market. The authors discuss the competition between automation and capital accumulation, its impact on wage dynamics, and the potential for widespread productivity gains. This study provides valuable insights into the economic consequences of AGI development. The transition to artificial general intelligence (AGI) has been a topic of great interest and speculation in recent years. Many…
Saga, a new layer-1 blockchain network designed to enable creators to launch their own layer-1 chains, launched its mainnet Tuesday morning with the SAGA token initially listed on leading cryptocurrency exchange Binance.This launch marks a record-breaking Binance launch for SAGA, with a total of over 500,000 Binance customers staking approximately $13.4 billion worth of cryptocurrency in Binance Coin (BNB) and the FDUSD stablecoin, earning 45 million SAGA tokens. This is according to the full campaign. Or half of the initial circulating supply.Rebecca Liao, co-founder and CEO of Saga, said: decryptionGG stated that the mainnet launch is happening in six stages,…
MATIC price rose more than 5% and tested the $0.950 resistance. Polygonal bulls are in complete control and can target more upside above $1.00. MATIC price began a new rise above the $0.920 resistance level against the US dollar. The price is trading above $0.925 and the 100 simple moving average (4-hours). On the 4-hours chart of the MATIC/USD pair, there is a break above the main bearish trendline at $0.9150, which is the resistance level (data source from Kraken). Removing the $0.9720 resistance line could allow the pair to continue rising. Polygon prices begin a new hike After forming…
Monad Labs, developer of the Ethereum-compatible layer 1 blockchain Monad, has closed a $225 million funding round led by investment firm Paradigm.“We are thrilled to announce our $225 million fundraising,” Monad said. “This funding milestone provides us with ample resources to continue expanding our team and bring Monad into production.”Electric Capital, Coinbase Ventures, Castle Island Ventures, GSR Ventures and Greenoaks also participated in the round. Angel investors include Inversebrah, Ansem, Hsaka, punk6529, Eric Wall, Rune Christensen, Bryan Pellegrino, Luca Netz, and Mert Mumtaz, Monad confirmed.The announcement follows news last month that Monad was eyeing a $200 million-plus funding round as…
join us telegram A channel to stay up to date on breaking news coverage BitMEX co-founder Arthur Hayes said Bitcoin and cryptocurrency prices could fall around the time of Bitcoin’s halving as U.S. policymakers use “schemes” to bail out the financial system. The April 20 halving will coincide with a period of tight dollar liquidity due to tax payments due from April 15 to May 1, he said in a blog post. “Given that the halving occurs at a time when dollar liquidity is tighter than usual, it will add momentum to the furious selling of crypto assets,” he said.…
BitMEX founder Arthur Hayes reportedly sent more than $1 million worth of the decentralized exchange (DEX) altcoin GMX (GMX) to a centralized exchange. Pseudonym: On-chain analyst EmberCN says Hayes has 79,700 followers on social media platform X, where he has managed the largest private address of a GMX holder since 2022. On Sunday, the BitMEX founder transferred all of his 237,000 GMX (worth $9.78 million) to a newly created address. According to EmberCN, the address then sent 41,000 GMX worth $1.68 million to centralized cryptocurrency exchanges Binance, OKX, and Bybit. The analyst also says the newly created address likely belongs…
Japanese company Metaplanet announced that it would purchase 1 billion yen (about $6.5 million) worth of Bitcoin as part of its corporate finance strategy, a move that mimicked MicroStrategy’s high-profile Bitcoin hoarding.Metaplanet, a diversified company and a public company listed on the Tokyo Stock Exchange, has unveiled a Bitcoin purchase initiative for X. The company cited hedging risks from currency devaluation and inflation as motivation.The purchase is an “early commitment” and part of a broader acceptance of Bitcoin’s potential, according to the announcement. It is supported by partners such as legendary hedge fund manager Mark Yusko, UTXO Management, and Sora…
Cryptocurrency pioneer Andre Cronje explains a new strategy for community and meme coin launches aimed at strengthening investor protection. Andre Cronje, founder of Yearn.finance and co-founder and architect of the Fantom Foundation, proposed a new framework designed to create a safer environment for both the community and investors interested in meme coins. In a recent post, Cronje outlined the risks associated with the current meme coin environment, such as token sales by team members, mass offloading by early investors, liquidity removal, and tokens with access controls. To solve these problems, Cronje opened a direct line of communication via Telegram or…
The NEAR Foundation has launched an Infrastructure Council with $4 million to strengthen critical infrastructure, decentralize decision-making, and streamline efforts, with half of the budget still available. The NEAR protocol has seen a significant increase in users and transactions in recent months. The NEAR Foundation launched the Infrastructure Committee to ensure smooth operation and expansion of the project and its founders. With $4 million in funding allocated to infrastructure projects, the Commission aims to strengthen NEAR’s core infrastructure and support the success of NEAR projects in an open and transparent manner. Key infrastructure includes RPC nodes, relayers, indexers, bridges, wallets,…