Flood, a decentralized exchange integrator focused on the Ethereum ecosystem, has raised $5.2 million in a seed funding round.Flood said Thursday that Bain Capital Crypto led the round, with participation from Archetype and Robot Ventures. Flood co-founder and CEO Francesco told The Block, adding that the round was scheduled to close in the summer of 2023 and consisted of equity with token warrants. He declined to comment on the valuation, but said there was also a “smaller” funding round a year ago with the same investors and several angel investors.Francesco, a former software engineer at UMA Protocol, declined to reveal…
Author: Crypto Flexs
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Since its mainnet launch earlier this week, the new altcoin has surged more than 96% in the past three days. Dymension (DYM) is a layer 1 blockchain that aims to serve as a network for “RollApps,” which the project defines as fast, modular chains that operate on gaming, decentralized finance (DeFi) protocols, and non-fungible tokens (NFTs). . Speaking of projects, “Dymension was conceptualized two years ago as a monumental vision to add another dimension (Y-axis) to interchain by building a modular internet of rollups. Today, a new chapter in blockchain begins with the first block and the birth of Dymension……
The purpose of the checksum is to ensure data integrity during transmission. Given that WIF stands for Wallet Import Format, we assume that private keys in this format are being transferred from one place to another and that people typically want to verify that the transfer was successful. If your format has a built-in checksum, you can quickly perform an integrity check upon import and notify the user of any obvious errors.
Crypto analyst Jacob recently shared his thoughts on what to expect from cryptocurrencies. Ethereum, Solanaand chain link token. His analysis shows that these major altcoins could see significant price movements in the near future. Ethereum holding above $2400 could be a turning point. On how “significant” the $2400 price level is, Jacob said: figure On the Paul Barron Network ETH could go up to $2500. And if it holds up to more than that, it’s more than that. However, the cryptocurrency analyst suggested that this will not be easy, highlighting the formation of a bearish trend with ETH price heading…
New York Attorney General Letitia James has amended her lawsuit against Digital Currency Group (DCG) and its affiliate Gemini Trust Co., increasing the damages claim to $3 billion. The extended lawsuit was filed just hours after Genesis Global reached a settlement with New York over allegations it defrauded customers through its terminated Gemini Earn program. The settlement reflects claims from more than 230,000 investors, indicating the scale of the alleged fraud is much larger than previously thought, according to recent court filings. The lawsuit originally sought $1.1 billion last October, but that figure was increased following new investor testimony about…
Ethereum’s Duncan upgrade, expected in mid-March, will introduce a technique called “proto-danksharding.”This upgrade is capturing the attention of Ethereum enthusiasts with its potential to enhance layer 2 solutions such as zkSync, Optimism, Arbitrum, etc. and marks Duncan as an important development for the future.Proto-danksharing (or EIP-4844) aims to include more data in Ethereum transactions without impacting block processing times by incorporating off-chain ‘data blobs’. It is touted as the key to Layer 2 scalability in the network, providing the ability to take advantage of increased data capacity.As a result, transaction costs on Ethereum Layer 2 are expected to decrease significantly.…
Solana’s recent downtime has raised doubts, but Solana’s resilient ecosystem has surpassed TVL records. Despite the decline in sentiment, the price of SOL rose. The recent downtime of the Solana (SOL) network has raised concerns among skeptics about the future of the network and its ecosystem. Solana moves forward But even amid these doubts, the Solana ecosystem seemed resilient and thriving. Recent data shows that Solana surpassed its previous Total Value Locked (TVL) record on January 1st. As of the latest update, TVL, measured in USD and SOL, has reached its highest point since November 2022, indicating solid performance despite…
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Blockchain security firm CertiK reported that private keys associated with PlayDapp, an Ethereum-based peer-to-peer game, may have been compromised. this security violation This led to the unauthorized addition of new issuing addresses, resulting in the creation of 200 million PLA tokens. Following the breach, the value of the PLA token plummeted nearly 10% to its lowest level since October. PlayDapp has not yet provided an official response regarding this incident. According to DappRadar, PlayDapp’s total asset value has decreased by nearly 14% since the incident, despite the number of unique active wallets now growing significantly. PLA 24 hour price |…
Ethereum (ETH) is showing a notable pattern in the options market. According to data from Deribit, a leading platform for cryptocurrency futures and options trading, there is a significant concentration of call options on ETH around the $4,000 strike price for both June and September expirations. Options traders predict Ethereum $4,000. The accumulation of ETH call options centered around $4,000 indicates the concentrated expectation of traders that the price of Ethereum could rise above $4,000 by this date. For context, an option is a financial derivative that gives the buyer the right (but not the obligation) to buy (in the…