Decentralized finance continues to drive developments in the cryptocurrency space, and the recent launch of Aave on the BNB chain is a testament to this growth. The February 22, 2024 announcement marks the successful integration of Aave’s money market protocol into the BNB network. With a total value locked (TVL) of $8.571 billion, Aave has now expanded its reach to 13 blockchains, solidifying its position as a leading DeFi platform. This expansion into the BNB chain signals Aave’s commitment to providing users with access to a wide network and ensuring flexibility and accessibility. Integrating Aave into the BNB chain provides…
Author: Crypto Flexs
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Crypto investor Fred Krueger believes Ethereum is overvalued at spot rates. Kruger mentions X Added that Ethereum supporters are “out of touch with reality” after the base currency, ETH, recently surpassed $3,000. Investors pointed to an overall decline in on-chain activity, fierce competition from alternatives such as Solana and Avalanche, and regulatory uncertainty that makes holding the coin risky. Ethereum is slow and usage is decreasing Kruger argues that on-chain transactions on Ethereum could be faster and cheaper. In the current environment presented as a scalable, low-fee alternative built on top of Ethereum or existing as an independent chain, the…
Sam Altman, CEO of Open AI, said the company aims to raise $7 trillion in funding for its text-to-video model, Sora. Sora creates videos based on voice prompts by default. Sam plans to use the funds to design and manufacture chips for the model. What caught the attention of this headline was the fact that its value was 3.5 times the entire market capitalization of cryptocurrency. Additionally, this is of on-the-ground interest in the minds of investors who are imagining how much the industry can grow in the future. Most importantly, there is speculation that the two different worlds, namely…
Since the launch of the first non-fungible token (NFT), the technology has quickly gained ground and led to the development of other similar assets. The technology behind them makes these assets unique and unclonable, which is where their exceptional value comes from. Unlike cryptocurrencies like Bitcoin or Ethereum, which are fungible, NFTs have no market equivalent. However, once you own the token, nothing can replace it. However, this does not make them more valuable than cryptocurrencies and allows them to see better price growth performance compared to cryptocurrencies. BTC Coin PriceThis is because auditing standards vary depending on the case.…
Google has responded to criticism about inaccuracies in Gemini AI images, introducing a model update while acknowledging concerns about biased historical depictions.Gemini AI ImprovementsAmid controversy surrounding inaccurate images generated by Gemini AI, Google has released two updates to the model. The first upgrade to Gemini Advanced allows users to edit and run Python code snippets directly from within the interface. This feature allows you to experiment with Python-based code with the goal of streamlining your workflow and validating functionality.Business Plan UpdateGoogle has also introduced updates to its Business and Enterprise plans, giving users access to 1.0 Ultra, one of the…
PORTAL, the 47th project on Binance Launchpool, reportedly attracted over $400 million in BNB transfers in the last 24 hours, with the largest whale sending over $40 million. PORTAL, the 47th project on Binance Launchpool, transferred over $400 million in BNB from BNB whales to Binance in the last 24 hours in anticipation of high returns. According to on-chain data analyzed by Arkham, over $400 million in BNB was transferred to Binance from BNB holders to participate in PORTAL mining in the last 24 hours. Over $10 million in BNB was transferred from each of seven individual addresses, with the…
If you haven’t seen The Mummy co-starring Tom Cruise in 2017, you’re not alone. It was very haunting. I wish they would bring back the old Brendan Fraser and his Rick O’Connell character. I loved the old Mummy trilogy. The first movie was scary to me as a 10-year-old, and it’s still relevant now that I’m in my 30s, albeit a little more comical than scary. But with Brendan Fraser and Rachel Weisz at their best, who cares about shaky CGI? But the graphics of Backseat Gaming’s The Cursed King slot don’t falter. The undead pharaoh is really scary. This…
For centuries, Empyrean has been surrounded by mystery and wonder. It is a place where heaven and earth meet, a place of divine beauty where the secrets of the universe are revealed. So what exactly are these hidden secrets, and how can we uncover them? Today we will delve into the mysteries of Empyrean and uncover hidden secrets that have been hidden from us for a long time. Prepare to be amazed as you unravel ancient mysteries and uncover the truth behind this celestial realm. Empyrean – A Brief Overview Empyrean is a concept with roots in various religious and…
Starkware, a blockchain company developing the layer 2 scalability protocol Starknet, has changed the token launch structure of its token. strong +15.06% Follow user feedback.According to the official release, StarkWare will be unlocking STRK more gradually following the new changes. The company is reducing the percentage of tokens unlocked at launch from 13.4% to 0.64%. That’s because some users felt it was “predatory” to release such a large amount to a select few,” The Block previously reported. “Tokens held by early Starkware contributors and investors are subject to lock-up,” the company explained. “These parties supported StarkWare’s efforts as the company…
Social media giant Reddit has been quietly purchasing Bitcoin and Ethereum as part of its surplus cash and is holding an undisclosed amount of both tokens in its treasury for investment purposes.Details of the social media giant’s cryptocurrency exposure were revealed in an IPO prospectus filed with the SEC on February 22. The filing follows months of speculation about the company’s plans to go public.The company did not disclose the number of shares it would sell or the price range for the offering. However, this is expected to be one of the largest tech IPOs of the year.Cryptocurrency ExposureThe filing…