The cryptocurrency market is currently going through a period of correction and rebalancing due to the declining performance of Solana (SOL). Once a beacon of the burgeoning NFT market and a hub for decentralized trading activity, SOL has experienced a notable decline in both network activity and NFT interest. This slump goes beyond the difficulties of the Solana (SOL) platform. This also opens the door for other emerging altcoins to shine. In this context, new Solana (SOL) competitors are emerging, seeking to take advantage of current market dynamics. In a cryptocurrency market looking for innovative and resilient platforms, these SOL…
Author: Crypto Flexs
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Resistance at $0.53 could hinder ADA’s rebound. Cardano’s transaction volume has decreased, but its social dominance has increased. The value of Cardano (ADA) has fallen 18.45% since the beginning of the year, according to CoinMarketCap data. However, AMBCrypto’s assessment of the price tracking platform shows that the price has increased by 3.60% in the last 24 hours. This increase brought ADA back above $0.50. Despite this increase, on-chain data has revealed some interesting things happening on the Cardano network. The first was a 24-hour active address. Activities take a backseat Active addresses increased to 45,000 on February 1, according to…
Open Exchange (OPNX), a Singapore-based cryptocurrency exchange founded by the co-founders of failed cryptocurrency hedge fund Three Arrows Capital (3AC), is scheduled to launch. cease business It has been less than a year since it was founded. OPNX closes due to legal issues OPNX was founded by Zhu Su and Kyle Davies, along with co-founders Mark Lamb and Leslie Lamb, to make a comeback following the collapse and infamous downfall of Three Arrows Capital. Sam Bankman-Fried Cryptocurrency exchange FTX. Mark and Leslie Lamb are also known for their involvement in CoinFlex, a digital asset exchange that filed for restructuring in…
House Financial Services Committee Chairman Patrick McHenry, R-N.C., said he aims to take action to repeal a Securities and Exchange Commission bulletin that sets specific accounting standards for companies that store cryptocurrencies. Sen. Cynthia Lummis (R-Wyo.) and Rep. Mike Flood (R-Neb.) and Wiley Nickel (D-N.C.) introduced the joint bill. solve On Thursday, it blocks the SEC’s Staff Accounting Bulletin No. 121, known as SAB 121. notice board Companies that store cryptocurrency must record their customers’ cryptocurrency holdings as liabilities on their balance sheets. “There is bipartisan agreement that SAB 121 weakens consumer protections and leaves customers’ digital assets vulnerable,” McHenry…
Polygon Labs laid off 19% of its team, reducing operational efficiency. CEO Marc Boiron emphasized the decision to be agile in the blockchain sector. The company also announced a 15% compensation increase and the spin-off of the Polygon ID project. Polygon Labs, the development team behind Polygon, an innovative layer 2 blockchain network, recently announced significant workforce reductions. The company decided to lay off 60 employees, approximately 19% of the team. This decision was highlighted as a strategic move aimed at improving performance and efficiency within the organization rather than being motivated by financial constraints. CEO Marc Boiron emphasized that…
In today’s digital age, the need for a secure and unstoppable cryptocurrency has become more important than ever. As cyberattacks and data breaches increase, people are looking for ways to protect their financial assets from malicious actors. UnbreakableCoin is one cryptocurrency that aims to provide a secure and unbreakable solution to this problem. UnbreakableCoin, also known as UNB, was launched in 2014 and is based on the SHA-256 algorithm, the same algorithm used in Bitcoin. However, UNB has made significant improvements to the original Bitcoin code to enhance security and make it more resistant to attacks. One of UnbreakableCoin’s key…
After months of hard work by the eth2 research team along with Consensys and DeepWork Studio, we are pleased to announce the release of eth2. eth2 validator launchpad (Testnet version). We are launching it now so you can track and deposit your upcoming ones. Multi-Client Testnet Medal. However, we will continue to fine-tune the interface as we prepare for mainnet launch. The idea behind Launchpad is to make the process of becoming an eth2 validator as easy as possible. Without compromising security and education. Unlike using a third-party service, running your own validator takes responsibility for managing your own keys.…
February 2, 2024, New York, USA, Chainwire The Avantis testnet has recorded over $5.5 billion in trading volume in just two months of testing since November, and the mainnet launch includes Avantis Loss Protection, an industry-first product. Avantis, the next-generation DEX for perpetual trading and market making for cryptocurrencies and real-world assets, launched today on the Base mainnet. During the two-month testnet, Avantis recorded over $5.5 billion in trading volume with over 400,000 transactions from over 50,000 on-chain traders and $120 million in total value locked (TVL). The company is backed by Pantera, Galaxy, Base Ecosystem Fund, Founders Fund, and…
Celestia (TIA) lost momentum despite high staking activity in January. Chainlink (LINK) also fell significantly amid price adjustments across the market. The NuggetRush (NUGX) presale saw nearly 167 million tokens sold. Celestia has lost strength despite rising to an all-time high of $19.00 in January. The recent market-wide decline also affected Chainlink (LINK). Investors are now turning to NuggetRush (NUGX) after raising over $2 million in a pre-sale. Mining adventure games include several ways to earn real money. But can NuggetRush (NUGX) join the top cryptocurrencies in the gaming industry? Let’s explore. NuggetRush crosses traditional P2E boundaries with increased presales.…
Shiba Inu Marketing Director Lucie provided insight into the project’s future development schedule, sending the SHIB army into a tizzy. Lucie says via X (formerly Twitter): offer Take a peek at the roadmap after meeting with project leader Shytoshi Kusama. Lucy said, “I can’t reveal much after meeting Shitoshi Kusama, but I can tell you one thing. The goal is to have everything wrapped up by the end of the year. The entire vision should be completed by 2024/2025. “It’s not a promise, but that’s the goal.” This ambitious timeline suggests a rapid pace of development in the Shiba Inu…