The non-fungible token market downturn experienced over the past two years continues to impact more NFT projects. OpenSea, one of the leading NFT marketplace platforms, is the latest NFT project to hint at selling the project to potential buyers due to concerns about poor performance. NFT slump pushes to acquire OpenSea In an exclusive interview with DL News on Friday, Devin Finzer, CEO of the OpenSea NFT marketplace, revealed that OpenSea has received acquisition intent and is keeping the door open to a potential acquisition. This option comes as the NFT market continues to record poor market performance. According to…
Author: Crypto Flexs
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How AI and DePIN will transform Web3Frameworks for managing populations of AI agents with diverse goals, such as Autonolas, are emerging. Autonolas creates bots for trading and governance. Another project, Botto, uses generative AI models to create works of art that are incentivized and curated by a DAO through a token feedback loop. Numerai is a hedge fund that runs token-incentivized competitions for data scientists to build AI algorithms for software trading. These are just a few examples of the different AI agents in development, some simple, some complex, and some unfathomable. In the future, there will be more such…
SaffronCoin is a revolutionary new cryptocurrency that is making waves in the world of digital currencies. With its unique features and tremendous growth potential, it’s no surprise that investors are flocking to this coin in droves. In this article, we will reveal the secrets of making money with SaffronCoin and explore the amazing potential of this cryptocurrency. Secrets to making money with SaffronCoin So what is the secret to making money with SaffronCoin? The answer lies in its unique features and enormous growth potential. Unlike traditional cryptocurrencies that are based on complex algorithms, SaffronCoin is backed by real assets in…
This week we technology tree Although it is not a full realization of Stateless Ethereum, it reflects several new key milestones for Ethereum 1.x R&D that are much more reasonably achievable in the medium term. The most important addition to the technology tree is Alexey’s reGenesis offer. This is far from a well-specified upgrade, but the general sentiment in R&D is that reGenesis provides a less dramatic but much more achievable step toward the ultimate goal of a “fully stateless” vision. Complementing reGenesis in many ways is a static state network that helps distribute state snapshots and historical chain data…
January 29, 2024, Phoenix, USA, Chainwire Devour, the innovative next-generation web3 food ordering and engagement platform, today announced the addition of the following features: paul barron As a strategic advisor. Barron brings a wealth of experience and expertise across technology, media, and web3, making him a valuable asset to the Devour leadership team. Barron is the CEO and analyst of the Paul Barron Network, a multimedia platform that educates and inspires audiences about the future of technology. With more than 20 years of experience in computer science, consumer science and digital media, Barron leverages his deep knowledge to create engaging…
Blockchain security company PeckShield has released its annual report outlining losses caused by hacks and fraud in the cryptocurrency space in 2023. This report presents both warning and encouraging statistics about the state of cryptocurrency security.significant loss reductionIn 2023, the cryptocurrency ecosystem saw a noticeable decrease in losses due to hacking and fraud. Excluding losses related to multichain activities, total losses amount to approximately $2.61 billion, according to data from PeckShield. This figure represents a 27.78% decrease from the previous year, when global cyber theft amounted to approximately $3.6 billion.impressive recovery effortOne of the report’s most notable findings was the…
Bitcoin prices rose back above $43,000 for the first time in two weeks on Monday as markets considered the possibility of another interest rate freeze at this week’s Federal Open Market Committee meeting.There were also signs that outflows from Grayscale Investments’ spot Bitcoin ETF may be slowing.“It’s only been about an hour since trading began, but so far IBIT’s volume is ahead of GBTC,” said Bloomberg Intelligence ETF analyst James Seyffart. wrote “Today could be the first day that one of the new nine trades more than GBTC, which is currently worth $155 million to $113 million.”Tuesday’s price action resulted…
Trezor issues security warning, Chinese cryptocurrency investors return despite ban, classic video game immortalized on Dogecoin blockchain This week we bring you these stories and more in cryptocurrency. Bitcoin price volatility week Bitcoin has experienced significant declines, falling below $40,000 for the first time since early December, down 20% from recent highs that came with news of the approval of a US Bitcoin ETF. Some speculate that FTX’s bankruptcy estate’s sale of $1 billion in shares of Grayscale’s Bitcoin ETF may have contributed to the price drop. However, by the end of the week, Bitcoin prices had rebounded to last…
introduction Stablecoins are a type of cryptocurrency designed to minimize price volatility by pegging their value to a stable asset, such as fiat currency or a commodity such as gold. It offers the benefits of cryptocurrency, such as fast and cheap transactions, while also providing stability due to its fixed value. Types of stablecoins There are several types of stablecoins, including centralized, decentralized, and algorithmic stablecoins. Centralized stablecoins are issued and managed by a central authority, while decentralized stablecoins operate on a blockchain network without a central authority. Algorithmic stablecoins use algorithms to regulate the supply of coins and maintain…
Over the past seven days, a lot of cash has left large Bitcoin funds. This may explain the decline in BTC and most other digital assets over the past week.Good news? Outflows from its largest fund, Grayscale, are now slowing, according to European digital asset manager CoinShares. Investors have been quickly redeeming Grayscale holdings since the product was converted to an exchange-traded fund (ETF) earlier this month. This led to a significant decline in the price of Bitcoin (BTC) as the fund moved the cryptocurrency to its custodian Coinbase. “Last week, outflows from Grayscale totaled $2.2 billion, but data shows…