dear my friend, A few years ago, we explained what Devcon was and talked about our new focus on growing the Ethereum ecosystem in the original version of this post. In this updated version, we’re excited to re-announce Devcon 6 and share details about site selection, timing, and more. 🥁 Devcon 6: October 11-14, 2022 in Bogotá 🥁 The next edition of Devcon will be held at the beautiful Agora Bogotá Convention Center in Bogota, Colombia! city We look forward to welcoming the entire ecosystem to Bogotá. It is the capital of Colombia and one of the most vibrant and…
Author: Crypto Flexs
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METIS, the native token of layer 2 scaling solution Metis, has surged 50% in the last 24 hours following the announcement of a large grant aimed at expanding its ecosystem. The price surge comes amid growing enthusiasm for the network’s ability to enable faster and cheaper transactions on Ethereum. key point The METIS token surged 50% in the 24 hours following the grant announcement, extending its 30-day gain to over 240%. Metis is a layer 2 scaling solution for Ethereum that enables faster and cheaper transactions. The MetisDAO Foundation has released a $360 million ecosystem development fund to revitalize the…
airdrop season It’s in full swingApps, protocols, and other projects are picking up on the signs of an impending bear market and finally abandoning their tokens, potentially rewarding millions of cryptocurrency users in the process. What exactly is it? airdrop, but? For cryptocurrency tokens, airdrops are typically a way for a project to reward early users and contributors by giving them a portion of newly released tokens, while also disseminating the tokens widely for decentralized governance.advertising There are going to be some pretty attractive airdrops in the coming months involving blockchain networks and tokens geared specifically for gaming. Here’s what’s…
Posted 1 minute ago In ~ Ethereum ETH +6.87% Co-founder Vitalik Buterin proposed three ways to address the potential systemic complexities at the heart of Ethereum’s proof-of-stake consensus mechanism.”Proposal to simplify PoS: create a design that requires only 8192 signatures per slot (even for SSF), making consensus implementation much simpler and lighter.” Posted in.The biggest problem is that the verifiers that keep the network running need to create many signatures, such as digital signatures using cryptography, as part of the process to keep the network running normally. This is already a fairly significant task for the network to manage, but…
The decentralized finance sector suffered a major setback in November 2023 when DeFi protocol KyberSwap suffered a massive hack. The aftermath of this security breach had far-reaching consequences, including a drastic decline in the platform’s workforce and impacted support efforts. user. On November 22, 2023, KyberSwap experienced a serious security exploit, resulting in approximately $48.8 million in losses from its Elastic liquidity pool. Dubbed the KyberSwap Elastic exploit, the incident occurred at 10:54:09 PM UTC, marking a significant moment for the DeFi landscape. Hackers exploited vulnerabilities in KyberSwap’s Elastic protocol, leading to unauthorized and exploitable swaps. In response to this…
Deep-pocketed investors are suddenly buying huge amounts of Chainlink (LINK) and other Ethereum (ETH)-based altcoins, according to on-chain data. Blockchain Data Tracker Lookonchain notice The newly created cryptocurrency whale wallet was using leading global cryptocurrency exchange Binance on Wednesday to accumulate two digital assets. According to Lookonchain, one cryptocurrency whale has bought over $4 million worth of decentralized finance (DeFi) protocol Maker (MKR). “Today, MKR and LINK are accumulating in new whale wallets. 0xE68E withdrew 3,150 MKR ($4.55 million) from Binance (Wednesday).” Source: Lookonchain/X Maker is trading at $1,489 at the time of this writing, up 4.8% in the last…
The hype surrounding Solana-based meme token Bonk (BONK) has died down. The value of the meme coin is falling and is now worth almost 22% less than 7 days ago.The price of the dog-themed coin, which exploded this month, is currently $0.00001492, according to CoinGecko. It is a 7.5% drop in 24 hours.Perhaps even more indicative of waning investor interest is BONK’s sharp decline since hitting an all-time high on December 15th. It is currently down more than 56%.And BONK’s market capitalization currently remains below $1 billion where it was two weeks ago. Currently priced at $907 million, the token…
The timing of the launch of the ShimmerEVM bridge is perfect given the extensive expansion underway in the IOTA ecosystem. IOTA’s ShimmerEVM protocol is advancing an impressive cross-chain interoperability protocol by integrating technology from LayerZero to enhance bridging capabilities. As reported by Coindesk based on information from the network’s developers, Shimmer Bridge, which can connect to other non-IOTA-based chains on LayerZero via related protocols, has officially been activated. ShimmerEVM is part of the Shimmer Network, a testing ground for applications before they are released on IOTA, testing new features with Ethereum compatibility, opening up the wider IOTA network to provide…
As of December 27, the global cryptocurrency market capitalization had fallen to $1.64 trillion, a decline of 2.71% in 24 hours, reflecting the fierce battle for control. Although Bitcoin (BTC) briefly dipped below $42,000 before rebounding to around $42,300 a few hours later, major altcoins such as Ethereum, Solana, Litecoin, and Dogecoin were all in the red. Mina Protocol (MINA) had a big day, up over 21%, while meme coin Bonk experienced a notable 16% drop. Amidst the market’s twists and turns, certain coins really shine not only because of their growth potential in 2024, but also because they are…
World Coin world +0.94% a cryptocurrency project co-created by OpenAI CEO Sam Altman, announced its launch in Singapore on Wednesday. “Individuals in Singapore can now verify their unique humanity on Orb in the latest sign of growing global interest in proof of identity and the WorldCoin project,” the group said in a blog post.Worldcoin’s post focused on the potential upside of a launch in an important and prosperous economic hub like Singapore, but the project was recently paused in India and closed its registration services in Brazil and France. At the time, Worldcoin told The Block that its plans in…