The cryptocurrency market is heading towards a transformative year in 2024. In fact, the industry is poised for significant change as new technologies emerge. These advancements promise to enhance the functionality and usability of digital currencies and address some of the most pressing challenges facing the market today. The Promise of Interoperability A pivotal development in blockchain technology is the advancement of interoperability protocols. Kadan Stadelmann, Chief Technology Officer of Komodo Blockchain, spoke to BeInCrypto about the important compatibility between blockchains. “Blockchain interoperability enables different blockchain networks to communicate, share data, and collaborate. It is the glue that holds together…
Author: Crypto Flexs
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One closely watched cryptocurrency analyst believes a rally is in store for the two leading smart contract platforms, including Ethereum (ETH). Pseudonymous analyst Loma told his 301,200 followers on social media platform X that he thinks Ethereum will continue its slow growth. The cryptocurrency strategist shares a chart that suggests ETH will eventually recover to its all-time highs around $4,871. “You can get a steady trail stop in the $3,200 region. The price could close below $3,200 in a meaningful period and perhaps even reach a high. Until then, it’s just a game of patience. Slow is smooth. “Smooth is…
The London Stock Exchange (LSE) has released its ‘Crypto ETN Approval Fact Sheet’ showing its decision to accept applications for Bitcoin exchange-traded notes (ETNs). The move comes as part of LSE’s efforts to expand its products and provide investors with exposure to Bitcoin.Just arrived: 🇬🇧 Acceptance begins on the London Stock Exchange #Bitcoin Exchange trading notes application pic.twitter.com/h2XmzXqz2f— Bitcoin Magazine (@BitcoinMagazine) March 11, 2024 Bitcoin exchange-traded notes are financial instruments that track the price of Bitcoin and are traded on traditional stock exchanges. By allowing the listing of Bitcoin ETNs, the LSE will provide investors with the opportunity to gain…
Posted 1 minute ago In ~ Monad Labs is eyeing a $200 million-plus funding round led by venture capital firm Paradigm as investor attitudes warm to the digital asset industry. reported On MondayIt cited sources familiar with the matter. The publication said Paradigm will pledge $150 million in the next round of funding for its Layer 1 project, which values the company at $3 billion. The VC firm has been talking to several potential investors starting in late 2023 to gauge interest in increasing its contribution, sources told Fortune. The funding round led by Paradigm is set to exceed those…
Share this article zkLink, the infrastructure layer that makes it easier to move assets across blockchains, today launched the public Nova mainnet, the first Aggregated Layer 3 zkEVM rollup network leveraging zkSync’s ZK Stack.Addressing critical challenges such as liquidity fragmentation, multi-chain dApp development complexity, and siled assets and applications, zkLink Nova’s Aggregated Layer 3 Rollup provides a comprehensive solution.Mainnet’s integration with key Layer 2s, including Arbitrum, Linea, Manta, Mantle, and zkSync, establishes a connectivity layer that enhances liquidity and asset transfers across the Ethereum ecosystem.Vince Yang, CEO and co-founder of zkLink, said: “This is beneficial to both zkLink and the…
In a recent shift in perspective, Bloomberg analysts significantly lowered their forecast for an Ethereum spot exchange-traded fund (ETF) to be approved by May. The probability is only 35%.According to Eric Balchunas, the odds are: down sharply Previous estimates put it between 60% and 70%.The amendments reflect growing skepticism about regulatory approval for an Ethereum ETF, in contrast to the previously more optimistic stance.No signs of activityThe caution among analysts follows recent discussions between Coinbase, Grayscale, and the SEC regarding the possibility of converting Grayscale’s Ethereum Trust into an ETF. Such meetings can typically indicate a positive trajectory, but the…
BlockDAG’s (BDAG) recent keynote resonated globally, signaling a transformative moment for cryptocurrency. This insightful presentation heralded a new era in digital asset investing, demonstrating BlockDAG as a safe and profitable pre-sale project amid the volatility of the cryptocurrency market. Groundbreaking presentations that have a global impact The viral spread of the keynote highlighted BlockDAG’s innovative blueprint for the future, solidifying its leadership in the cryptocurrency space. With an ambitious valuation target of $600 million, the presentation provides a clear and strategic vision to draw investors and enthusiasts into BlockDAG’s promising trajectory. Learn more about the BlockDAG ecosystem revealed in the…
London, UK, March 11, 2024, Chainwire Sensay, a pioneering technology company at the intersection of AI and blockchain, today announced the imminent launch of a revolutionary platform designed to create life-like autonomous AI digital replicas on-chain, representing a significant leap toward digital immortality. . Leveraging cutting-edge technology, Sensay offers limitless potential in the digital era, helping users maintain ownership and monetize their digital twins. Bold steps for dementia patients and beyond Focused on people living with dementia and their families, Sensay aims to deliver immediate social impact by providing life-like digital replicas for memory preservation and companionship. This groundbreaking approach…
The price of XRP rose to $0.62 after a surge in exchange withdrawals. CLLD has surged negative, indicating a bullish bias. The number of Ripple (XRP) tokens abandoned on Binance has exceeded 75 million, AMBCrypto has confirmed after reviewing large transactions. whale warning reported In the last 24 hours. According to Whale Alert, these transactions occurred in batches. However, considering the price of XRP, this could be good news. One reason for this prediction is that large withdrawals from exchanges reduce selling. Additionally, if there is buying pressure during this period, the price of the cryptocurrency may surge. However, over…
A proposal aimed at funding the legal defense of the developers of Tornado Cash, an Ethereum-based mixing platform, has been taken down by the Arbitrum community due to apparent legal issues. Devansh Mehta, leader of the Arbitrum Treasury working group, criticized the move and said, “There is absolutely no problem in paying the fees(…)