EF is pleased to announce the results. Medalla Data ChallengeData hackathon focused on the Medalla testnet ✨ The prompts were open-ended. We asked for data tools, visualizations, and analysis of testnet data. In other words, anything that helps the community make sense of all that data. Over the course of six weeks, we received 23 submissions from a variety of teams. We were delighted to see such high quality submissions across all categories. Products are divided into three tiers based on scope, scalability, and usefulness to the community. 🥇 Gold ($15,000 prize) Jim McDonald — chains, a tool that extracts…
Author: Crypto Flexs
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Solana is attempting a recovery in the $80 region. SOL price may struggle to clear the $92 and $94 resistance levels in the near term. SOL price started a new decline from the $104 resistance against the US dollar. The price is currently trading below $95 and the 100 simple moving average (4-hours). On the 4-hours chart of the SOL/USD pair, a breakout occurred above the main bearish trendline with resistance at $85.00 (data source from Kraken). Failure to clear the $92 or $94 resistance levels could start another downtrend for the currency pair. Solana Price Faces Major Hurdle Solana…
The International Energy Agency (IEA) issued a stern warning, saying that cryptocurrencies and artificial intelligence (AI) currently account for nearly 2% of global electricity consumption. However, this figure is likely to double in the next few years. The explanation is that the fast-growing cryptocurrency industry is contributing to a surge in energy consumption by increasing the number of data centers around the world. Electricity consumption expected to double with cryptocurrency and AI In a comprehensive 170-page report, the IEA details the various factors affecting the potential increase in power consumption from cryptocurrencies and AI over the next few years. The…
Cryptocurrency has been a hot topic in the financial world for the past few years, and various digital currencies are gaining popularity and changing the landscape of the financial industry. One cryptocurrency that is gaining attention is Nautilus Coin, a new player in the market that is making waves with its unique features and growth potential. What is Nautilus Coin? Nautilus Coin is a decentralized digital currency built on blockchain technology, similar to other popular cryptocurrencies such as Bitcoin and Ethereum. What sets Nautilus Coin apart from other cryptocurrencies is its focus on sustainability and environmental impact. The creators of…
Dogecoin (DOGE) developers are powering old-school first-person shooter games on the memecoin network using “doginals,” Bitcoin’s (BTC) ordinal version of the dog-themed asset. Developer Mini Doge in a new thread Called He distributed Doom, a ’90s game that pitted players against demons on Mars using doginals. Doginals permanently engrave information on small pieces of DOGE, similar to how non-fungible tokens (NFTs) and BTC ordinals work. Ð is for Dogecoin! Ð is for Doginals! Ð is for DOOM on Dogecoin! ? Now it’s forever recorded on the Dogecoin blockchain!? Play on-chain now: https://t.co/Xhfqyktva5 or click the “Content” link for full screen…
We are pleased to announce that we have further strengthened our leadership team with two key appointments that will help position us for continued growth in an evolving global regulatory environment. With Gilles BianRosa as Chief Operating and Product Officer and Marcus Hughes as Head of Global Regulatory Strategy, we prepare to double down on our core markets while strengthening product innovation and further diversifying our global footprint. “As we prepare for the next phase of growth in the cryptocurrency market, we must navigate an increasingly complex and diverse regulatory environment while ensuring we can quickly adapt to rapidly changing…
Lordstown, British Virgin Islands, January 25, 2024, Chainwire LIF3’s tokens have been migrated to the Ethereum network for improved market accessibility. today, $LIF3 Life (pronounced LIFE), a groundbreaking, fully omnichain DeFi Layer-1 curated blockchain ecosystem, announced its recent listing on leading digital asset Bitfinex (https://trading.bitfinex.com/t/LIF3:USD) . The trading platform recently migrated from Fantom to the Ethereum Network. This announcement is consistent with Lif3’s vision and commitment to break down barriers to cryptocurrency and make adoption easier for consumers entering DeFi through the Lif3 mobile app. Lif3 provides a platform for exclusive event access, entry, investment, trading, monetization, gaming and entry.…
Cryptocurrency lending platform Nexo has taken significant legal action against the Republic of Bulgaria, demanding $3 billion in damages. The arbitration claim, filed through the World Bank’s International Center for Settlement of Investment Disputes (ICSID) in Washington, D.C., centers on allegations that Bulgaria engaged in unfair and politically motivated actions against the company. The origins of this conflict date back to an investigation launched by Bulgarian prosecutors in early 2023. Nexo’s offices were raided on suspicion of participating in an organized crime group aimed at profiting from cryptocurrency lending. Four Bulgarian nationals, including Nexo co-founders Kosta Kanchev, Antoni Trenchev, Trayan…
Drift Protocol, Solana’s largest perpetual swap futures exchange, recently launched a points program. The points program comes ahead of an upcoming airdrop in which Drift distributes governance tokens to community members as part of its efforts to decentralize the protocol.Until now, Drift has Trading volume: $5 billion From approximately 90,000 users, the total value locked in the protocol amounts to over $120 million. The company closed its $23.5 million Series A in October, with contributions from Polychain Capital and Solana Labs co-founder Anatoly Yakovenko, among others. Drift points are distributed to users every week, and 100 million points are paid…
Lordstown, British Virgin Islands, January 25, 2024, Chainwire LIF3’s tokens have been migrated to the Ethereum network for improved market accessibility. today, $LIF3 Life (pronounced LIFE), a groundbreaking, fully omnichain DeFi Layer-1 curated blockchain ecosystem, announced its recent listing on leading digital asset Bitfinex (https://trading.bitfinex.com/t/LIF3:USD) . The trading platform recently migrated from Fantom to the Ethereum Network. This announcement is consistent with Lif3’s vision and commitment to break down barriers to cryptocurrency and make adoption easier for consumers entering DeFi through the Lif3 mobile app. Lif3 provides a platform for exclusive event access, entry, investment, trading, monetization, gaming and entry.…