Sui (SUI), a newcomer in the cryptocurrency world, is attracting the market’s attention with an impressive rise of 87% last week. This surge pushed the price to $1.43, a record high. Sui’s native token has surpassed Bitcoin, sparking renewed interest in the dormant DeFi scene. Sui’s incredible success has been attributed to the surge in Total Value Locked (TVL), a key indicator that reflects the amount of cryptocurrency locked in decentralized finance (DeFi) protocols. Over the past week, Sui Network has seen a significant increase in TVL, reaching nearly $350 million. This achievement is especially significant in the competitive cryptocurrency…
Author: Crypto Flexs
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Bitcoin mining difficulty is currently at an all-time high, with computing power expected to increase by more than 100% in 2023. CoinShares predicts that mining activity will decline after the halving, resulting in a “miner exodus.” The company also predicts that average production costs per coin will normalize to just below $38,000 after the halving. This is a complex relationship between hardware and electricity costs, difficulty and cost structure that determines whether miners make or lose money and ultimately affects the number of miners on the network. This article originally appeared on www.coindesk.com. The Bitcoin halving is one of the…
It’s always nice to hear about new grants being awarded. But what happens after the announcement? In this series, we’ll look at projects that are well underway or already at the finish line. Read on to learn about our grantees’ recent milestones and achievements! base line The Baseline project is defining protocols that enable businesses to synchronize their systems of record and reduce costly errors in B2B transactions. It uses the Ethereum mainnet as a common reference frame while using zero-knowledge proofs to keep confidential business logic and data private. The project is archived below. Ethereum Oasis. first Released In…
On January 15, Bitcoin (BTC) stabilized around $42,000 after experiencing significant volatility over the weekend. The recent volatility can be traced back to the cryptocurrency king’s surge to $49,000 followed by investors reacting with a selloff. Amid this turmoil, analysts are closely monitoring the possibility of further declines, especially if BTC falls below the $41,000 level. These market dynamics impacted overall investor sentiment, pushing the Fear and Greed Index down to 59. This is down from the high of “extreme greed” reached before the Bitcoin ETF approval of 76, a level not seen since October 2023. As we enter January…
GameStop, a popular gaming retailer, recently announced that it will close its non-fungible token (NFT) marketplace on February 2, 2024. The decision reflects a broader trend of GameStop scaling back its involvement. cryptocurrency and related services. Source: GameStop The closure of the NFT marketplace is a significant step in GameStop’s gradual retreat from the cryptocurrency world. The company informed users in a statement on its website that starting February 2, 2024, they will no longer be able to buy, sell or create NFTs on the GameStop platform. Nonetheless, GameStop reassured NFT owners that assets that are part of the blockchain…
closed. This question is off topic. We are currently not receiving a response. This question does not appear to be about Bitcoin within the scope defined in the Help Center. Dear Bitcoin Stack Exchange Community, We are contacting you to share the solution we have developed to resolve the anticipated 2106 overflow issue. After a significant period of development, we believe our solution is ready for community review. Below you will find a summary summarizing the key aspects of this proposal, titled “BitBlend: A non-disruptive solution to the Bitcoin 2106 timestamp overflow”. The goal of the summary is to provide…
Apple Inc. announced the closure of its San Diego-based data operations annotation team responsible for improving features of Siri. The team of 121 employees now faces a critical decision: relocate to Apple’s Austin campus or be laid off by April 26. employee dilemma The San Diego team, which previously focused on improving Siri’s voice recognition and multilingual offerings, has played an integral role in Apple’s AI advancements. But the latest decision has caused hesitation and concern among many employees. Many of the affected workforce are reluctant to relocate due to the sudden announcement and concerns about their suitability for other…
SOL price volatility in the last 24 hours A significant portion of long positions on centralized exchanges have been liquidated. More than $7 million was liquidated due to volatility. brush -2.87% The majority (over $6 million) are long positions.According to CoinGlass data, the overall cryptocurrency market saw more than $88 million worth of long positions liquidated in the last 24 hours, contributing to a total of $126 million in liquidations across various centralized exchanges.In derivatives markets, liquidation occurs when a trader’s position is forced to close due to insufficient funds to cover losses. This situation occurs when market movements are…
In the last month alone, two wallet drainers successfully stole millions of dollars worth of cryptocurrency assets from Solana users, according to a new report based on public blockchain data.The two program distributors, Rainbow Drainer and Node Drainer, have stolen a total of $4.17 million worth of assets from 3,967 Solana wallets since late November. scam sniffer Dune, a cryptocurrency analysis platform. Most of the thefts occurred after mid-December.Malicious actors appear to have stolen most of these funds by targeting specific Solana token communities with NFT airdrops and then attaching links to phishing websites to those NFTs. While legitimate airdrops…
TLDR Top cryptocurrency ICO analysts predict that Rebel Satoshi ($RBLZ) could witness a 150% surge by the end of its blockchain ICO. Market analysts believe Cardano (ADA) could reach $1.240 in the first quarter of 2024. In recent weeks, top altcoins like Cardano’s ADA have dominated the cryptocurrency scene. While Cardano takes center stage, the real revelation comes in the following story. Rebel Satoshi, the crypto domain is on the rise. Let’s take a look at what’s been happening with ADA and $RBLZ recently. Cardano Price Prediction: Could ADA Soar in the Coming Weeks? Smart contract platform Ergo announced the…