Share this article Bitcoin plunged over the weekend following an Iranian drone attack on Israel. Prices plummeted from $68,000 to about $60,000 on Saturday, with $1.2 billion in long positions being liquidated due to Middle East tensions and the impact of the upcoming halving. Despite this sharp correction, MicroStrategy co-founder Michael Saylor expressed a positive outlook, saying, “Chaos is good for Bitcoin.” Why Chaos is Good #Bitcoin. — Michael Saylor⚡️ (@saylor) April 13, 2024His statement was shared by X after Bitcoin’s weekend slump ate more than $1.5 billion from MicroStrategy’s holdings. Despite this, the company maintains significant profits of over…
Author: Crypto Flexs
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Ethereum is often described as a platform for self-enforcing smart contracts. While this is certainly true, this article argues that, especially when more complex systems are involved, it is rather a court with smart lawyers and a judge that is not so smart, or more formally, a judge with restricted computational resources. We will see later how this view can be leveraged to write very efficient smart contract systems, to the extent that cross-chain token transfers or computations like checking proof of work can be implemented at almost no cost. The Court Analogy First of all, you probably know that…
Ethereum staking has recently become very popular along with the recent popularization of re-staking. We talked about this briefly last week.In an interesting update, EigenLayer was launched on the Ethereum mainnet last week along with the EigenDA data availability layer. Coinbase Cloud and Google Cloud are among the first operators of the protocol and on Friday announced six actively verified services that will be secured through re-staking by EigenLayer.With this launch, reinvestors on the platform will actually be able to earn additional returns on their staked ETH, which was not the case before. In most cases, people deposited early in…
Quantum Temple is building a new paradigm within the travel industry by combining blockchain technology with heritage tourism. The company has partnered with Mysten Labs and Indonesia’s Ministry of Tourism and Creative Economy, Desa Manukaya Let. They comprehensively revealed their Web3 travel experience centered on Pura Tirta Empul, located in Bali, a UNESCO World Heritage Site in Indonesia. The initiative takes the form of a unique activity that utilizes non-fungible tokens and blockchain-based tickets to actively engage visitors with Bali’s aquatic heritage. Linda Adami, founder and CEO of Quantum Temple, is using the future of blockchain technology to drive greater…
Amid the broader cryptocurrency market recovery, NEO surged past $22.8. Kangamoon integrates SocialFi, Play-to-Earn with $KANG token for community engagement. $KANG token presale exceeded $4.8 million, with 32.4% sold. NEO, one of the major altcoins, saw a significant rebound, surpassing $22.8. The surge comes amid a broader recovery in cryptocurrency markets, particularly Bitcoin’s resurgence following the weekend’s flash crash. At the same time, Kangamoon, a new meme coin, has also seen a surge in interest among investors, with the total amount raised in the ongoing native token presale exceeding $4.8 million. NEO price breakout NEO, often referred to as the…
According to on-chain data, whales on the Solana (SOL) blockchain are significantly increasing memecoin discounts following a market-wide correction over the weekend. Blockchain tracking company Lookonchain spotted Two Solana whales went in to accumulate the sloth-themed Slerf (SLERF), the Pepe the Frog-themed Meme (BOME), and the President Joe Biden-inspired Jeo Boden (BODEN) from cryptocurrency exchanges Kucoin and Binance. “What did the whales buy from Solana after the market fell? We discovered that whales bought SLERF, BOME and BODEN! 4eocFb withdrew 31,916 SOL ($4.56 million) from Kucoin and spent 2,055 SOL ($294,000) to purchase 500,979 BODEN for $0.59. After withdrawing 15,751…
Former Bitmex CEO Arthur Hayes explained why he believes “Bitcoin and cryptocurrency prices in general will plummet around the halving.” “We will be in a no-trading zone from now until May 1,” he continued, adding, “April will be an extremely weak month for risk asset markets.” Bitcoin price ‘will plummet around halving’, (…)
RTC DePIN Huddle01 Unveils Rewards Program Ahead of Token Launch – Chainwire housenewsroomRTC DePIN Huddle01 unveils rewards program ahead of token launch We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of…
This is the first network update to address the weeks of congestion that created Solana. incredibly difficult to use It was released late for validators early Monday.Anza, a development team spun off from Solana Labs earlier this year, announced overnight the v1.17.31 release of its Agave verification client, which runs on computers supporting the Solana network.It was released Contains initial fixes for congestion issues.This is not a single fix for an issue that has plagued the network recently, but rather a first step with more fixes to come. According to Anza, the update “includes improvements to help alleviate ongoing network…
Posted 1 minute ago In ~ Posted 1 minute ago In ~ Offchain Labs, the company building the Arbitrum ecosystem, has launched Arbitrum BOLD on testnet. Limited liquidity delays or braveis a dispute protocol with interactive proof of fraud for optimistic rollups that can be used across the Arbitrum chain. Marking them in bold helps users run validator nodes and facilitate the network’s consensus process. It also implements defenses against delay attacks or cybersecurity threats, where malicious actors intentionally delay the normal functioning of a system by disrupting data flow.“bold guarantees a fixed upper bound on Arbitrum state checks on…