FIL was the 12th most traded cryptocurrency in the last 24 hours. The OI for FIL futures soared to a 26-week high. Filecoin (FIL) was the second biggest gainer in the entire cryptocurrency market in the last 24 hours, thanks to the strength it received recently. The token representing the decentralized storage network surged to $7.53 at press time, up 16% in 24 hours and a whopping 38% in a week, according to CoinMarketCap data. The market is crazy about FIL The price surge caught the attention of market participants, leading to a 217% surge in daily trading volume. In…
Author: Crypto Flexs
Read More
Over the past day, Filecoin (FIL) has emerged from the shadows to achieve a price recovery of over 10%. This notable move has brought more attention to altcoins that previously failed to follow the general cryptocurrency market recovery. Accordingly, one cryptocurrency analyst predicted that altcoin prices would rise by 1,000%, which would bring major changes to altcoins. Filecoin will rise 10x to $70. In an analysis shared on The charts shared in the analysis track the coin’s movements over the past year, with a nearly 200% increase from lows below $3 to over $0.7. Nonetheless, the cryptocurrency analyst believes there…
Ripple may ‘burn’ 40 billion XRP held in escrow, CTO saysThe debate over whether Ripple should burn the 40 billion XRP it holds in escrow gained attention when the company’s CTO, David Schwartz, suggested a way to achieve this. The community has been discussing the possibility of burning coins, with some suggesting it is not technically feasible. Schwartz explained that Ripple can blackhole accounts, creating the same effect as burning escrowed XRP, effectively removing coins from circulation. This could potentially have a positive impact on the price of XRP, as seen in other cryptocurrencies. An ongoing legal battle with the…
Sui Unveils Prestigious Venue and Initial Speakers for First Annual Basecamp Event – Chainwire housenewsroomSui unveils popular location and initial speakers for first annual basecamp event We use cookies to make your experience on Chainwire’s website better. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network.…
Community & educationAAvolution House IstanbulCommunity-run event organized in Istanbul, Türkiye to push forward account abstraction (AA) standards, ideas, and projects to mainstream adoption.Community & educationBuildETH PatternsEthereum developer event that explored the top web3 development patterns hosted in San Francisco, California.Community & educationEthereum Costa Rica DayEvent in San José, Costa Rica that focused on onboarding users and developers while covering topics such as public goods, cryptography, and Solidity.Community & educationETH MacedoniaSupport for ETH Macedonia’s grassroots activities, including engaging with the community on Discord and organizing meetups in Skopje, Macedonia.Community & educationEthereum Lima DayConference in Lima, Peru to onboard new Ethereum users…
ADA, the native token of the Cardano ecosystem, has experienced a notable price surge taking advantage of Bitcoin (BTC) stalling above the $52,000 level. With gains of 20% and 14% over the past 30 and 14 days respectively, ADA has reignited optimism among investors. The token’s recent performance has not gone unnoticed, with cryptocurrency analyst “Trend Rider” making bold price predictions and highlighting key indicators that point to its long-term potential. bull running For ADA. Potential bull market for ADA on social media post On Analysts have drawn attention to an indicator called Impulse colors, which tracks price distance from…
The Hong Kong Monetary Authority (HKMA) has published a circular outlining regulatory standards for entities selling and distributing tokenized products to foster innovation, ensure consumer and investor protection, and promote due diligence, transparency and risk management. The Hong Kong Monetary Authority (HKMA) has issued a new circular detailing the regulatory standards that authorized entities must adhere to when selling and distributing tokenized products (cryptocurrencies, virtual assets) to customers. This move is an important step in the regulator’s efforts to embrace technological advancements in the financial sector while protecting consumers and investors. Tokenized products, as defined by the HKMA in this…
Palo Alto, USA, February 20, 2024, Chainwire The co-organizers of Sui Basecamp, the first annual global Sui conference, today announced the first confirmed speakers for the Paris event, taking place on April 10 and 11, 2024. Sui Basecamp is a celebration of developers and entrepreneurs building on Sui. It is an innovative layer 1 blockchain and smart contract platform and features speakers and thought leaders from around the world and across the greater Web3 ecosystem. Sui Basecamp’s initial speakers include: Arianna Simpson, General Partner at a16z Balaji S. Srinivasan, Angel Investor, Technology Founder and Author of The Network StateMeltem Demirors,…
Last May, I wrote an article for Bitcoin Magazine predicting that Layer 2 (L2) metaprotocol solutions would resolve the Ordinals debate. Now that two of the most anticipated layer 2 solutions, Taproot Assets (TA) and RGB, are available or soon to be released, it’s time to revisit this topic. In fact, judging by the recent surge in fees due to renewed interest in BRC-20 tokens, it may be about time…Guided by the view that the price, fee, and flexibility advantages offered by L2 metaprotocol solutions over on-chain Ordinals will ultimately prove decisive, I have focused my energies on advancing such…
Posted 1 minute ago In ~ Web3 venture firm Hack VC has closed $150 million for its first venture fund, called Venture Fund 1.According to a company release, the closing financing brings the company’s total assets under management to $425 million. Hack VC said it plans to use the funds to fund early-stage startups developing infrastructure at the intersection of security, capital-efficient decentralized finance, web3 and artificial intelligence. “We invest anywhere from a few hundred thousand dollars in a single founder or incubation to millions of dollars in projects we believe in,” Alex Pack and Ed Roman, co-founders and managing…