Posted 1 minute ago In ~ polygon Matic -1.55% Labs will lay off 19% of its staff, the organization’s CEO Marc Boiron announced in a post to X on Thursday.“We are on a mission to fundamentally transform the Internet so that everyone around the world has equitable access to its value. Building the infrastructure to make that happen is no easy task,” Boiron said. From his post. “Unfortunately, the rapid growth of the team during the last bull market diluted the qualities that allowed us to execute in this way. We need to get back to those qualities.”Polygon Labs’ decision…
Author: Crypto Flexs
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Five years ago today, Ethereum’s Genesis Block announced the official launch of the network. Most community members today spend time thinking about the work that remains. But as we celebrate Ethereum’s fifth anniversary, it’s also important for us all to recognize how incredibly far we’ve come and what a wild adventure every change has been. Then came the turn, and how much we all (and technology) have grown. Sometimes it was like that. hope Maybe the protocol runs as intended, maybe a builder wants to run their first application, maybe a user wants to try out that application, maybe someone…
Electronic Arts (EA) companies play an important role in the gaming industry. It extensively researches the best user-generated content themes and how they can drive player engagement for various sports games. In a recent meeting with investors, EA CEO Andrew Wilson discussed his future plans, saying there’s little that can stop the company from developing technology like a Metaverse that includes all of your favorite sports. Wilson was responding to an investor question about the possibility of building a metaverse out of Electronic Arts’ various sports silos. According to Wilson, who spoke about EA’s dominant position in the sports entertainment…
Doodles, the team behind Doodles, a digital asset company and popular blue-chip non-fungible token collection, has partnered with luxury watch brand G-shock to launch a collection of NFT-inspired watches. The positive news led to a 62% increase in Doodles NFT sales compared to the previous day. Doodles to launch NFT-inspired watch collection In a February 1st blog post, Doodles confirmed plans to collaborate with G-Shock to release a collection of watches inspired by non-fungible tokens. G-Shock watches are a line of luxury watches manufactured by Japanese electronics company Casio and designed to resist mechanical stress. The physical x digital NFT…
February 1st What is Solana (SOL)? Post time: 14:41h in education, tokens by admin Solana is a high-performance blockchain platform with excellent transaction processing speed and efficiency. It was created to support decentralized applications (DApps) and cryptocurrency. One of Solana’s most notable features is its ability to handle a high number of transactions per second (TPS), far exceeding many other blockchains. This is achieved through a unique consensus mechanism and a variety of innovative technologies. Solana supports smart contracts, allowing developers to create a variety of DApps. The platform has gained popularity for a variety of use cases, including decentralized…
January 31, 2024, New York, USA, Chainwire This week, the much-anticipated Bitcoin L2 solution Merlin Chain launched on testnet, with mainnet expected to launch within a month. Bitcoin’s Network Congestion Dilemma and Scaling Solutions The evolution of Ordinals over the past year has reignited interest in the Bitcoin ecosystem after a long absence. While increasing the enjoyment of the Bitcoin ecosystem, it has also increased the depletion of network resources. Increasingly higher transaction costs and the rising price of Bitcoin itself have added to congestion on the network and discouraged new users from becoming interested in Bitcoin. (Bitcoin daily average…
Solana DEX Aggregator Jupiter yup -70.13% It recorded a trading volume of $1.38 billion in the last 24 hours.This figure more than doubles Jupiter’s recent daily trading volume, making it the top DEX platform over the past 24 hours.Yesterday’s much-anticipated Jupiter token launch and airdrop led to a surge in activity on the Solana network, with web3 wallet Phantom saying it had never seen this level of traffic. This has seen three times the total traffic volume since the recent launch of the WEN meme token. Jupiter’s daily trading volume. Image: Jupiter.JUP token launch and airdropJupiter’s new governance token began…
The U.S. Energy Information Administration (EIA) collects data on the energy use of cryptocurrency miners operating in the United States.In a press release, the agency announced that it would begin “an interim investigation into electricity consumption information from cryptocurrency mining companies identified as operating in the United States.”Cryptocurrency mining is a way for assets such as Bitcoin, Dogecoin, and Monero to verify transactions and unlock new coins using a proof-of-work consensus mechanism. Ethereum used to have a proof-of-work consensus, but will switch to proof-of-stake in September 2022, meaning miners will no longer be needed.The survey, which will begin next week,…
During the month of January, the Grayscale Bitcoin Trust (GBTC) exchange-traded fund (ETF) conducted aggressive Bitcoin selling, shedding a total of 132,195 BTC. This significant sell-off caused GBTC’s Bitcoin holdings to decline by 21%, from 619,220 BTC on January 11 to 487,025 BTC on January 31.In contrast, nine other U.S. Bitcoin spot ETFs have significantly increased their holdings. A total of 142,294 bitcoins have been added to these non-GBTC ETFs since the beginning of the month. This increase goes from 18,390 BTC at the start of trading to 160,684 BTC as of January 31, representing a whopping 674% growth.As of…
Crypto trader and strategist Ali Martinez expressed bullish sentiments about Dogecoin (DOGE) rival and Bitcoin (BTC). Martinez says 42,700 followers on the TD Sequential Indicator is used to predict the possibility of a market trend reversal. “SHIB could rise to $0.010 or potentially $0.011, so watch carefully!” Source: Ali Martinez/X As of this writing, Shiba Inu is trading at $0.00000903. Martinez Switches to Bitcoin Called Based on historical precedent for market-to-realized value (MVRV), the leading cryptocurrency asset could rise approximately 41% from current levels. MVRV is the ratio of Bitcoin market capitalization to realized capitalization. In other words, it is…