Currently, Injective Protocol, a blockchain platform dedicated to decentralized finance (DeFi) and derivatives trading, is attracting attention. Injective 3.0, a proposed upgrade to the platform, aims to revolutionize token economics by introducing deflationary measures for INJ. This upgrade seeks to address token inflation, a common problem faced by many DeFi tokens, by implementing mechanisms to control the creation of new tokens and encourage users to stake their existing INJ holdings. Injective: Creating token scarcity One of the main goals of Injective 3.0 is to increase the scarcity of INJ tokens. By reducing the token creation rate and encouraging staking activity,…
Author: Crypto Flexs
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Posted 1 minute ago In ~ Episode 21 of The Scoop Season 6 was recorded as follows: The Block’s Frank Chaparro and HackVC Partner Roshun Patel.Listen below and subscribe to The Scoop on YouTube. apologize, spotify, Google Podcasts, stitcher, Or listen to podcasts wherever you are. Please send feedback and correction requests to (email protected).Roshun Patel is a partner at HackVC, a Web3 venture capital firm.In this episode, Chaparro and Patel discuss recent cryptocurrency market volatility and the trends shaping the cryptocurrency venture capital landscape.outline 00:00 introduction 08:11 market volatility 25:57 Things to watch out for in the funding market …
Crypto analyst and trader is expressing negative sentiment towards Cardano (ADA). In a new video, the analyst, who goes by the pseudonym Credible Crypto, told his 48,700 YouTube subscribers that Cardano “doesn’t look cool” right now. Cardano faces further downside risks even after a more than 90% correction from its all-time high, according to Credible Crypto. “There is a valid point of view and I think it is quite possible that we would not necessarily have invested in Cardano.” An anonymous analyst says Cardano could fall between 57% and 74% to reach its downside target. “The thinking is that we…
Today, Bitcoin mining pool ViaBTC has officially mined 840,000 blocks. This not only marks the fourth Bitcoin halving, but also includes a block considered an “epic sat” by the Ordinals numbering system, the first satoshi. Bitcoin) of each halving era. Mempool Ordinals, the numbering scheme for Satoshi, has sparked controversy but has also created an emerging market since its launch. These satoshis can also be classified according to their rarity, with “Epic Satoshi” being one of the rarest. This is because it only occurs during each halving (every 210,00 blocks, or approximately every 4 years). This scarcity makes these satoshis…
Unlike traditional or fiat currencies, which have historically lost value due to inflation and government printing, Bitcoin is designed to be inflation-free, with a circulating supply of up to 21 million BTC. With a halving every four years, Bitcoin’s rate of new issuance decreases over time until the last bit is mined, probably around 2140.
Live streaming allows viewers around the world to watch their favorite sports games without geographical barriers. Using this technology, sports organizations have a unified global fan base and have become a key tool for engaging a wider audience. The digitization of sports, the emergence of dedicated streaming platforms, and the integration of social media have made the live broadcast of sporting events and the interactivity of the experience more accessible. The fandom of sports brands has made not only fans but also their sports experiences more interesting. This has helped sports leagues and athletes gain new revenue streams and marketing…
Dubai, UAE, April 20, 2024, Chainwire XVC Tech has invested in TradeTogether, a leading Web3 asset manager based in Singapore. XDC Network is a venture capital firm founded by the founder of blockchain. XDC Network’s ecosystem includes RWA dApps focused on private credit (TradeFinex), trade finance (XDC Trade Network), tokenized gold (Comtech Gold), and tokenized US Treasury bonds (Yieldteq powered by Tradeteq) . “TradeTogether approached XVC with a focus on compliance, which is key in sectors such as private credit and trade finance,” said Ritesh Kakkad, co-founder of XVC Tech. We believe the use cases for the XDC network will…
Dallas Mavericks owner and ‘Shark Tank’ host Mark Cuban noted that Bitcoin miners will be affected by the halving, but he is more interested in the potential impact of AI.When asked about the significance of Bitcoin halving, Cuban told The Block: “It’s just going to make it harder for miners to get paid.” With half-life mining rewards From 6.25 BTC -1.75% At 3.125 BTC, this cuts miner profits by almost half.“But the really interesting question related to halving is the GPU market,” Cuban said. “Miners need more power. There is unprecedented demand from AI for GPUs. Will that distort the…
XRP erased some of its losses, but data suggests it may not be enough. Some traders bought the dip, but the shorter EMA indicated a downtrend. After falling from $0.59 to $0.43 between April 13 and 17, the price of XRP was retested and broke the psychological resistance of $0.50 on April 18. In fact, at the time of writing, the value of the altcoin rose 5% in 24 hours to $0.51, thanks to the Bitcoin halving. Although this is cause for optimism, on-chain data shows that the recovery may be short-lived. To assess this contention, AMBCrypto looked at the…
The Reserve Bank of New Zealand said the proposed digital version of the country’s physical cash would provide universal access to central bank funds, whether in physical or digital form. According to the central bank, the digital version will not only be government-backed but will also be denominated in local currency. Universal Access (…)