Key Takeaways Algotech’s decentralized algorithmic trading platform will appeal to the rapidly changing world of cryptocurrency trading. The project is still in pre-sale and has raised more than $3.3 million to date. Real Asset (RWA) Tokenization, Artificial Intelligence (AI), GameFi, Layer-2 SocialFi. These are some of the top stories in the cryptocurrency space right now. The past few months have seen several AI tokens record outstanding gains. However, not much attention has been paid to AI in the cryptocurrency trading field. Algotech sets out on this mission and seeks to change the world of cryptocurrency trading through its technology. What…
Author: Crypto Flexs
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2024 has been a stellar year for cryptocurrencies. However, this growth is often overshadowed by strong corrections, a trend that could soon impact altcoins such as Celestia (TIA), Kaspa (KAS), BitTensor (TAO), and Helium (HNT). Despite TAO’s impressive YTD gain of over 100%, TAO’s April outlook appears bearish and portends a potential downturn as the company attempts to capitalize on its overhyped artificial intelligence narrative. Meanwhile, HNT is struggling to maintain its stride after surging in February as it tries to capitalize on the Decentralized Physical Infrastructure Networks (DePin) narrative. As April approaches, altcoin corrections for some tokens may become…
KuCoin, along with its founders Chun Gan and Ke Tang, has been accused of violating bank secrecy laws and operating an unlicensed money transfer business, and has reportedly allowed its platform to be used for money laundering and terrorist financing. The U.S. Department of Justice said KuCoin, one of the world’s largest cryptocurrency exchanges, and its founders Chun Gan (aka “Michael”) and Ke Tang (aka “Eric”) have been indicted on criminal charges. Crimes related to the Bank Secrecy Act and unlicensed money transfers. According to the indictment, KuCoin and its founders conspired to operate an unlicensed money-laundering business and violated…
On Wednesday, Judge Failla of the Southern District of New York denied Coinbase’s motion to dismiss the Securities and Exchange Commission’s lawsuit against the exchange. The SEC accuses Coinbase of operating as an unregistered exchange, broker, and clearing agent and alleges that Coinbase’s staking program engages in the offering and sale of unregistered securities. Ripple CLO remains bullish Despite this setback for Coinbase, Ripple’s Chief Legal Officer Stuart Alderoty suggests that this legal battle is only in its early stages. Alderoty said via Judge CB gave the SEC the benefit of the doubt at an early stage, as it should…
This chapter describes the game theory and economic security modeling we conducted in the fall of 2014. We explain how the “bribe attacker model” led our research directly to a radical solution to the long-range attack problem. Chapter 2: Bribery Attackers, Economic Security, and Long-Range Attack Issues Vitalik and I had reasoned with each other about incentives as part of our research before we met, so the proposition that “getting incentives right” is important in proof-of-stake has never been controversial. We were not willing to accept “half the coins are honest” as a security assumption. (I put it in bold…
Bitcoin price is consolidating its upward trend above the $70,000 resistance zone. In the near term, BTC could rally again if it breaks above the $71,500 resistance level. Bitcoin price moved in positive territory above the $66,500 level. The price is trading above $70,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bullish trendline with support at $68,500. A break above the $71,500 resistance zone could initiate further upside. Bitcoin price gains strength again Bitcoin price began a significant rise above the $68,800 resistance zone. BTC rose above…
Posted 1 minute ago In ~ Updated: March 28, 2024, 2:49 AM EDT Ethereum’s blob transaction rate has surged, exceeding the network’s set capacity. This escalation follows the introduction of inscriptions on Blob, a feature that increases the demand for Blob utilization.Ethereum core developers implemented the Dencun upgrade earlier this month, adding Blob transactions to make layer 2 transactions cheaper. They succeeded by allowing layer 2 to use blobs instead of the “call data” method for posting transactions. This provides a direct path to fee savings and passes these savings on to end users.However, with the recent introduction of inscriptions…
Tokyo, Japan, March 27, 2024, Chainwire The funding from the Pre-Series A round, led by Dragonfly, will further develop MyShell’s open source model and agent platform to empower AI creators. MyShell, a decentralized AI consumer class, today announced that it has raised $11 million in a pre-Series A round with participation from a group of high-profile investors including Dragonfly, Delphi Ventures, Bankless Ventures, Maven11 Capital, and Nascent. Nomad Capital, OKX Ventures, etc. Former Coinbase CTO Balaji Srinivasan, NEAR Protocol co-founder Illia Polosukhin, former Paradigm Investment Partner Casey K. Caruso, and former Paraphi Partner Santiago R. Santos. R. Santos) and other…
Vitalik proposes anti-correlation incentives to promote decentralization of staking protocols, punish misbehaving actors, and implement them in various scenarios based on empirical data. Vitalik Buterin recently published a thought-provoking article exploring the concept of using anti-correlation incentives to support distributed staking. This article, written by Vitalik Buterin, presents a preliminary study and recommends independent replication attempts to validate the proposed ideas. The main focus of this article is to address the challenge of encouraging better decentralization within staking protocols. The authors suggest that penalizing correlations between actors could be an effective mechanism to encourage more distributed and resilient ecosystems. The…
Cryptocurrencies are reshaping the global financial infrastructure, providing a simple way to transact digitally without involving third parties like credit card companies or banks (and without paying the high fees they typically charge for processing transactions). ).Currently, the digital asset market is showing a significant upward trend with Aptos (APT) taking the lead. spotlight This is because of its impressive performance. These altcoins are gaining influence in bull market dynamics.Investing in emerging altcoins like Aptos can be rewarding as it offers diversification and potentially higher returns. However, many cryptocurrency users want to understand Aptos’ use cases and technology, which is…