According to recent report Messari’s smart contract platform Algorand (ALGO) outperformed the general cryptocurrency market with notable growth during the fourth quarter of 2023. Algorand Outperforms Cryptocurrency Market Growth According to the report, Algorand’s market capitalization soared in the fourth quarter of 2023, recording a significant growth rate of 123%. This significant increase is due to overall positive momentum. cryptocurrency market, During the same period, market capitalization increased by 53%. Algorand’s market capitalization and revenue increased in the fourth quarter. Source: Messari Transactions on the Algorand network also saw significant growth, with a 58% increase quarter-on-quarter (QoQ). As a result,…
Author: Crypto Flexs
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Cryptocurrencies have been a hot topic in the financial world for several years, with Bitcoin leading the way as the most well-known and widely used digital currency. However, there are many other cryptocurrencies that offer unique features and investment possibilities. One such cryptocurrency is HeavyCoin, whose future is worth uncovering. What is HeavyCoin? HeavyCoin is a cryptocurrency created in 2014 with a focus on security and privacy. It uses a proof-of-work algorithm designed to centralize mining and resist 51% attacks. This makes HeavyCoin a unique and potentially valuable cryptocurrency in the ever-growing digital currency landscape. Why is HeavyCoin the future…
Huawei Cloud announced that it now supports more than eight public chain networks, bringing it to the mainstream market. This includes the Tron blockchain along with Polygon and Ethereum. Together, Huawei Cloud attempts to lower development costs, increase node income by about 10%, and increase node online reliability to 99.95%. HE Justin Sun reposted the announcement on Huawei Cloud introduced NES, which stands for Node Engine Service. The console allows developers to run full and staking nodes for higher performance and efficiency and deliver rewards without any infrastructure work. What NES does well is abstract away the complexity of dApp…
Shiba Inu’s layer 2 blockchain, Shibarium, is approaching a milestone of 300 million transactions. According to the latest data from ShibariumScan, the number of transactions on the blockchain has reached a whopping 297 million across 2.7 million blocks. Sybarium trading reflects growth. As of September 2023, Shibarium has completed 3 million transactions. However, recent figures show that trading volume has surged by more than 9,000% in less than four months. The network has integrated with major cryptocurrency players such as Gate.io to further fuel its growth. This achievement is especially noteworthy considering Sybarium’s daily trading volume decreasing trend. Sybarium is…
Hut 8 Mining Corp., a prominent player in the digital asset mining industry, recently came into the spotlight not because of its mining prowess or innovation, but because of a damning report from J Capital Research. The report accuses Hut 8 of various illegal activities, including excessive pump-and-dump schemes, which led to a significant decline in the company’s stock price. On January 18, 2024, Hut 8’s stock price plunged more than 23%, a stark contrast to the company’s milestone that same day when it rang the Nasdaq opening bell. The decline was triggered by the release of a report titled…
The price of SatoshiVM (SAVM) has soared more than 100-fold since the recent token launch, generating significant profits for early investors. SAVM has been described as “BTC’s first EVM-compatible protocol with real traction.” This is a Bitcoin Layer 2 solution that leverages zero-knowledge (ZK) rollups to address the inherent limitation of blockchain networks, which are the lack of basic smart contract functionality. SAVM Token Launch Highlights The SAVM token launch began on January 18th and concluded on January 19th. According to Bounce Brand, 23,487 individuals participated in the launch, with randomly selected winners being SAVM and ILO winners claiming ETH…
after Spot Bitcoin ETF Approved, speculation about the potential of an XRP spot ETF continues to grow in the cryptocurrency community. However, recent reports have suggested that a clear outlook for this is lacking. XRP ETF The future. In particular, Charles Gasparino, an American journalist and senior correspondent for Fox Business, stated that BlackRock has dismissed the possibility of applying for an XRP ETF. There is no outlook for the XRP ETF In a recent X (formerly Twitter) post, Gasparino said: published BlackRock, one of the world’s leading investment firms, has reportedly declared that it has “no plans” for an…
Posted 1 minute ago In ~ After six days of trading, there are now 95,000 Bitcoins held in nine authorized spot Bitcoin ETFs, bringing the value of assets under management to nearly $4 billion. Capital inflows into the nine new ETFs have outpaced outflows from the Grayscale Bitcoin Trust (GBTC), which has seen its assets under management decline by $2.8 billion, according to early figures shared by Eric Balchunas, senior ETF analyst at Bloomberg. For 6 days. Of the nine ETFs, two – Fidelity (FBTC) and BlackRock’s iShares (IBIT) – broke away from the pack, each receiving more than $1.2…
Marco Ochoa, former CEO of cryptocurrency mining company IcomTech, has been sentenced to five years in prison for his role in a Ponzi scheme. cryptocurrency. U.S. District Judge Jennifer Rochon of the Southern District of New York ordered Ochoa to forfeit $914,000, voluntarily surrender, and sentence him to 60 months in prison, beginning March 19, followed by two years of supervised release following his incarceration. Ochoa’s tenure at IcomTech from 2018 to 2019 was marked by fraudulent activity that seriously harmed investors. He pleaded guilty to conspiracy to commit wire fraud in connection with the scheme. The incident reflects a…
At the start of December, the Ethereum community bootstrapped the new beacon chain proof-of-stake consensus mechanism — the foundation of Ethereum’s long-term and sustainable home. The launch was a resounding success, and the operation of the beacon chain has proved, thus far, stable and robust. As I write these words, the beacon chain is live with more than 2.5M ETH securing its consensus. So this is the “state of eth2” today. But what’s next? What’s on the horizon, and where are we going? This post aims to provide high level context on the state of Ethereum’s eth2 upgrade — an…