The SupplyShock crisis is a global problem that impacts people’s everyday lives. This crisis is the result of supply chain disruptions caused by a variety of factors, including natural disasters, political unrest, and the ongoing COVID-19 pandemic. This disruption has led to shortages of essential goods, rising prices, and extended wait times for products. Impact on daily life One of the most significant impacts of the SupplyShock crisis is the rise in prices of everyday goods. Consumers are paying more for groceries, household goods and fuel. This means people have less money to spend on other things and their overall…
Author: Crypto Flexs
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An unknown cryptocurrency whale accumulated 64,000 Ethereum (ETH) in just 11 days, according to on-chain data. Blockchain tracking service Lookonchain note Since February 8, anonymous whales have acquired 64,346 ETH worth $178.9 million from both centralized and decentralized cryptocurrency exchanges. Blockchain explorer Etherscan shows the whale first accumulated 1,100 ETH on February 8th. adding A few days later, 9,959 ETH worth $24.67 million appeared on the cryptocurrency exchange Binance. Afterwards, investors with ample funds expenditure USDT, a dollar-pegged stablecoin worth $60 million, earns 21,353 ETH for $2,810. Lookonchain said the whale withdrew 10,649 ETH, worth $30.68 million, from Binance. Yesterday,…
Over the past 17 days, the value of artificial intelligence (AI) cryptocurrency assets has surged, adding $10.21 billion to the overall market value. This surge coincides with the unveiling of Openai’s latest innovation, a generative AI-based application that can convert text into video. AI Cryptocurrency Sector Explodes with 142% Growth as follows(…)
Researchers suggest using AI to analyze emoji sentiments in cryptocurrency markets, provide insights into market dynamics, and integrate it into trading strategies to avoid market downturns. In a research paper titled “Emoji Driven Crypto Assets Market Reactions,” an international team of researchers highlighted the important role emojis play in influencing cryptocurrency markets. The study, led by Xiaorui Zuo of Fudan University in China, Yao-Tsung Chen of National Yang Ming Chiao Tung University in Taiwan, and Wolfgang Karl Härdle of Humboldt University in Germany, explores the correlation between emoji sentiments and key market indicators such as BTC. Prices and VCRIX indices.…
Mask Network is launching a $100 million fund from Bonfire Union to support decentralized social networks and infrastructure and drive Web3 innovation, and contributing to Mastodon and Web3 education through its $10 million Builders initiative. Mask Network, a pioneer in decentralized social networking, has announced the launch of its second fund under its Bonfire Union venture, reaching the remarkable milestone of $100 million across both funds since its inception in 2022. Growth and innovation in decentralized social networks and infrastructure. Since its founding, Bonfire Union has welcomed more than 120 projects to the Mask Network ecosystem, highlighting some of the…
“There are billions of users in many emerging countries such as Nigeria, Kenya, Philippines and Indonesia who have MasterCard and Visa cards but do not have access to Google Pay,” Shubin said in an interview. “Another issue concerns countries where Huawei smartphones have a large market share, because there are no Google services other than these phones due to sanctions from the US government.”
Ethena Labs recently launched the USDe stablecoin on the public Ethereum mainnet, introducing an alternative to existing stablecoins such as USDC and UST. The synthetic US dollar asset uses sophisticated hedging mechanisms while offering an attractive 27.6% APY staking reward. However, this promise of high returns has sparked controversy within the cryptocurrency industry. TLDR Ethena Labs launches USDe stablecoin on public mainnet, offering 27.6% APY staking rewards. High yields have sparked concerns about sustainability and potential yield inversion risks. USDe utilizes a delta hedging strategy and has a value of over $289 million. Ethena announced a “Shard Campaign” to encourage…
Humanity Protocol emerges stealthily from a partnership between the Human Institute, Polygon Labs, and Animoca Brands. This protocol provides a privacy-preserving alternative to more invasive biometric methods such as iris scanning. The Human Institute announced the launch of the Humanity Protocol, a zkEVM Layer-2 blockchain protocol that leverages Polygon CDK to provide new palm recognition technology for Web3 identity verification. According to details shared in the press release, the protocol emerged stealthily with support from Polygon Labs and Animoca Brands. Non-invasive biometrics Humanity Protocol founder Terence Kwok, Animoca Brands co-founder Yat Siu, and Polygon Labs co-founder Sandeep Nailwal form the…
Ethereum prices reached $3,000 early Tuesday for the first time in nearly two years amid speculation that a spot ether exchange-traded fund (ETF) could be approved in the U.S. as early as May.The second-largest cryptocurrency by market capitalization peaked at $3,003.40 shortly after 9 a.m. ET before falling. According to The Block’s pricing page, Ether is currently trading at $2,931. This represents an increase of 1% in the last 24 hours, 14% over the past week, and 30% since the beginning of the year.Bitcoin also hit a new yearly high of $52,908 today, up 8% over the past week amid…
AI-based cryptocurrency is receiving a lot of attention. If 2024 replicates 2023’s performance, the total market capitalization could approach $100 billion. The convergence of artificial intelligence (AI) and blockchain could be a powerful force to watch for this bull cycle. But please don’t take my word for it because I’m just another human with an opinion. But I’m not the only one intrigued by this combination. Ethereum (ETH) co-founder Vitalik Buterin appears to share a similar view. But before we go any further, please note that not everything in this article has been condensed into a price prediction. Instead, you’ll…