February 5, 2024, New York, USA, Chainwire Merlin Chain, the native Bitcoin Layer2, announced a funding round from 24 investors including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital. Merlin Chain provides a native scaling solution that integrates the ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud prevention module. We are committed to making Bitcoin fun again by strengthening Bitcoin’s underlying assets, protocols, and products at Layer1. Merlin Chain was built by Bitmap Tech, a top OG team with an overall market capitalization of over $500 million. Bitmap Tech’s BRC-420 “Blue Box” collection has risen from an inscription cost…
Author: Crypto Flexs
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The developer of the Polygon (MATIC) ecosystem is laying off 19% of its staff, but the company’s chief executive said the staff shake-up is not due to financial reasons. Polygon Labs CEO Marc Boiron said in a new announcement that the company will lay off 60 employees to create “an efficient, surgical team with significantly less bureaucracy.” Boiron argues that Polygon’s growth during the last bull market “diluted” the team’s commitment to focus, hard work, efficiency and agility. He said the smaller workforce will enhance collaboration across Ethereum (ETH) scaling solutions. “This decision is not an easy one. Right-sizing for…
In Disney’s Toy Story, one of the things Woody says when pulling the straps on his back is, “There’s a snake in my boot.” I always thought that was a funny, throwaway line for a cowboy to say. But it was clearly a common hallucination experienced by cowboys who abused alcohol. Talk about a dark line to add to a children’s film. So, when you go looking for riches in AvatarUX’s Nugget slot, it’s a good idea to avoid the source. hello partner When the Payday symbol appears on the reels, it triggers one of three Wild West Rewards that…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Bitcoin halving will occur in 2024. This event is likely to impact altcoins such as Kangamoon (KANG), Ethereum (ETH), and Optimism (OP). Ethereum is evolving In the future, Ethereum will continue to be upgraded. That is why more institutions are adopting Ethereum, which has increased its overall value and turned it into a deflationary asset. Despite the potential challenges, experts are optimistic. ETH is stable and supporters are optimistic that a spot Ethereum ETF will be approved. Optimism explores…
last yearHong Kong-based brokerage CLSA predicted in a January report that 2023 would see market volatility with a more subdued outlook for the Year of the Rabbit, while also urging investors to cautiously push beyond their comfort zones. And indeed, the market “jumped” on its dismal 2022 performance. Bitcoin is up nearly 94% over the past year, while Ethereum (ETH) is up 47%.
Bitcoin price continued to struggle to rise above the $43,800 resistance level. BTC is in a downward trend and could fall significantly if it breaks the support level of $41,800. Bitcoin price is falling from the $43,800 resistance zone. The price is trading below $42,800 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming with resistance near $42,850. If there is a clear move below the $41,800 support, the pair may continue to decline. Bitcoin price took a hit. Bitcoin price made another attempt to break…
Asia • February 5, 2024, 12:04 AM EST Posted 1 minute ago In ~ The Financial Services Commission of Korea (FSC) on Monday proposed new amendments that would require new executives at cryptocurrency companies to obtain regulatory approval before taking up their duties. This would potentially give the financial watchdog more powers over the country’s cryptocurrency sector. FSC said It announced plans to “improve” problems with the current law that oversees the local cryptocurrency industry. If the bill is enacted, new executives at Korean cryptocurrency companies will not be able to start work until the FSC approves their applications for…
Two prominent crypto analysts have predicted that the Ethereum (ETH) price will experience positive momentum this year, highlighting several points about Ethereum’s onboarding funnel. Amid various speculative price fluctuations in Ethereum, there is a possibility that approval of an Ethereum spot exchange-traded fund (ETF) will become visible before the middle of this year. These Ethereum Features Could Drive the Price Up In a recent post on X (formerly Twitter), Vance Spencer, co-founder of cryptocurrency venture firm Framework Ventures, argued that layer 2 solutions integrated into the Ethereum platform will make it difficult for other blockchains to compete this year. “It…
Polygon saw an increase in stablecoin market capitalization. MATIC fell further below the RSI neutral line. Polygon (MATIC) has seen a notable increase in its stablecoin market capitalization. How has this affected other indicators and the overall trend in MATIC? Polygon sees the rise of stablecoins. Examination of DefiLlama’s Polygon stablecoin market capitalization indicator reveals an interesting trend. This chart shows a notable increase in the network’s stablecoin market capitalization, hitting the highest trading volume observed in the past six months. At the time of this writing, the stablecoin market capitalization was approximately $1.4 billion. Source: DefiLlama Further analysis of…
join us telegram A channel to stay up to date on breaking news coverage InsideBitcoins continues to provide insights into cryptocurrencies that could see significant growth based on recent price performance. The cryptocurrency of choice offers growth opportunities, giving investors a unique opportunity to explore options that could potentially yield significant returns on their investment. Next Cryptocurrency to Explode Maker boasts high liquidity, as evidenced by its market capitalization, making it an attractive choice for investors seeking stability and growth. Helium (HNT) also rose last week from $5.94 on January 23rd to $7.89 on January 29th, an impressive 32.5% gain.…