Interoperability platform Wormhole leverages AMD’s enterprise-grade FPGA hardware accelerator chips to scale cross-chain communications. The project will leverage AMD’s Alveo U55C and U250 adaptive accelerator cards to increase the capacity of secure cross-chain messages using zero-knowledge proofs.Wormhole, a bridge solution connecting more than 30 blockchains, has integrated zero-knowledge proofs into its platform. We are developing a “light client” implementation for secure transfers between various chains using ZKP. The goal is to create a secure “corridor” between blockchains for messaging.However, this requires significant computing power to generate and verify evidence across the network. This is where AMD chips come into play.…
Author: Crypto Flexs
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The Hong Kong Securities and Futures Commission (SFC) has seen a significant increase in applications for cryptocurrency licenses since mid-November, with 18 exchanges including Huobi HK, Crypto.com, OKX, Bybit and DFX Labs seeking licenses for virtual asset trading platforms. 2023.Growing interest in licensingOn February 20, Huobi HK joined the Hong Kong SFC’s list of applicants for a virtual asset trading platform license. This surge in applications reflects growing interest from local and global players seeking to gain a foothold in the Hong Kong cryptocurrency market.Strict licensing requirementsApplicants for these licenses must undergo rigorous due diligence checks, including traditional financial audits…
reporter Posted on: February 21, 2024 Critics have long targeted the cryptocurrency market, which has come under increased scrutiny in recent years. In an interview with Bloomberg on February 20, Ripple (XRP) CEO Brad Garlinghouse addressed politicians’ lack of understanding of the cryptocurrency space. Regarding the ongoing scrutiny surrounding the cryptocurrency space, he offered the following: “I think the rules and regulations surrounding cryptocurrencies need to be clearer.” Garlinghouse added it “Politicians often make claims about digital currencies that lack factual support or evidence.” Cryptocurrency Policy Changes in 2024 US Elections Unlike previous US elections, voters in 2024 appear to…
The price of Avalanche’s AVAX token has fallen 11% in the past week, bucking a bullish trend in the broader cryptocurrency market. This comes amid a $365 million unlock event that increased token circulating supply by 2.6%. Experts suggest both short-term challenges and long-term opportunities for AVAX. Unlock event causes AVAX price drop Source: Token.Unlocks About $303 million worth of locked tokens will be released from vesting and put into circulation on Thursday, according to Token.Unlocks data. On February 15, a major unlock event saw 9.5 million AVAX tokens worth approximately $365 million released from the vesting period. This influx…
Remember the days when you could carry around your virtual pet on your keychain or on a portable device, taking care of its every need and watching it grow and evolve? TamaGucci brings the nostalgic experience back to a modern digital format. With TamaGucci, you can relive the fun of owning a virtual pet while enjoying all the conveniences of today’s technology. Characteristics of Tamaguchi VIRTUAL PET CARE: TamaGucci lets you feed, play with, and care for your virtual pet just like the original. Grow and Evolve: Watch your virtual pet grow and evolve based on how well you care…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Ethereum (ETH) is hovering around the $3,000 level and USDC is making an impact in the financial world. Cryptocurrency enthusiasts now see the DeeStream (DST) presale as a significant advancement in decentralized streaming. With Ethereum’s positive trends and USDC’s role in promoting financial inclusion, DeeStream may also offer participation opportunities to investors. DeeStream lays the foundation for continued engagement by introducing governance rights and revenue sharing through special pre-sale events. The project leverages blockchain while emphasizing security, transparency, and…
Esports organization Team Liquid announced on Wednesday that Sui BlockchainBuilding a new fan loyalty platform NFT Collection experience.The esports team, which has a long history of producing competitors in games like League of Legends, Dota 2 and Counter-Strike, plans to restart its existing fan loyalty program that rewards fans with points for supporting the organization.The new platform, scheduled to launch in the second quarter of 2024, will allow Team Liquid fans to obtain unique NFT collectibles that will allow them to customize avatars representing the organization’s mascot, Blue. A Mysten Labs representative said these collectibles can also unlock exclusive benefits…
February 21, 2024, Stockholm, Sweden, Chainwire The roadmap outlines the game’s transition into a beta phase, introducing player-to-player transactions and expanding user-generated content capabilities, while moving towards full decentralization. My Neighbor Alice has released its 2024 roadmap, which includes the announcement of the upcoming beta season 1. The beta phase aims to build on the popularity of Alpha Season 4, which attracted thousands of players while generating over 1.5 million transactions on Chromia’s Appnet. My Neighbor Alice is a decentralized multiplayer game that allows players to explore, collect resources, and create unique NFTs as they shape the virtual world of…
Commodity prices fell 9% as China’s economic crisis, including COVID-19 and problems in the real estate sector, affected demand. Crude oil prices have fallen significantly. Despite the positive long-term outlook, short-term risks remain. Commodity prices have fallen sharply in recent weeks due to concerns about slowing economic growth in China, according to CME Group. The Bloomberg Commodity Spot Index, which tracks the prices of 23 commodities, has fallen more than 9% since mid-April. China Impact Much of the decline was driven by concerns about weakening demand from China, the world’s largest importer of raw materials. Demand for raw materials such…
Ethereum, the second largest digital currency in the dynamic world of cryptocurrencies, has stoked investor enthusiasm thanks to a bold prediction from MN Trading CEO Michaël van de Poppe. Van de Poppe’s forecast predicts a surprising rally for Ethereum, with a potential surge into the $3,800 to $4,500 range. This optimistic outlook is gaining momentum as Ethereum is showing strong performance, with its current value hovering around $2,980, while Bitcoin is grappling with market challenges. Ethereum: Fueling Bullish Momentum There are several factors contributing to Ethereum’s bullish momentum, a sentiment highlighted by Van de Poppe. Ethereum’s recent outperformance compared to…