The upgrade was published to testnet after a four-hour delay. Experts say this development will benefit blockchain in the long run. As planned, Ethereum (ETH) developers deployed the Dencun upgrade to the Goerli testnet on January 17th. But a YouTube livestream of the event showed it wasn’t without its problems. This is because developers had difficulty finalizing the upgrade despite it being released at 6:32 UTC. The Dencun upgrade is a combination of the Cancun and Denub upgrades, each geared towards scalability of the consensus and execution layers. Once it reaches mainnet, the Dencun upgrade will reduce transaction costs for…
Author: Crypto Flexs
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Brad GarlinghouseRipple’s CEO recently expressed his excitement for the future of cryptocurrency exchange-traded funds (ETFs), with a particular focus on Ether (ETH) and the regulatory approach of the U.S. Securities and Exchange Commission (SEC). speech at world economic forum In Davos, Garlinghouse emphasized the inevitability of other cryptocurrencies like Ether following Bitcoin’s path to ETF approval in the U.S., despite not explicitly predicting a similar path for Ripple’s XRP. Garlinghouse’s comments come after the SEC approved several Bitcoin ETFs, which he believes sets a precedent for similar cryptocurrency investment products. But he expressed concern about the SEC’s current regulatory strategy…
Cryptocurrency is an important topic in the 2024 presidential election, influencing political financing and voter priorities. The influence and importance of cryptocurrencies in US elections has gained momentum in recent years, ushering in a new era in political funding and voter priorities. In the 2024 presidential election, cryptocurrency is not just a fringe issue, but one of the central topics of political discourse. This trend is reflected in both the Democratic and Republican parties, where candidates have been actively advocating for cryptocurrency-related regulations and policies. President Biden signed an executive order to create a regulatory framework for digital assets, demonstrating…
The EU Council and Parliament have reached a tentative agreement on part of an anti-money laundering (AML) package that would require cryptocurrency companies to follow stricter due diligence requirements.The Council of Europe said in a statement that the new rules will apply to “the majority of the cryptocurrency sector” and will require cryptocurrency service providers (CASPs) to carry out due diligence on customers carrying out transactions of more than 1,000 euros. The rules also include measures to “mitigate the risks associated with transactions with self-hosted wallets,” the company announced.CASPs will also be required to conduct enhanced due diligence on cross-border…
The judge did not issue a ruling or announce the outcome, but Coinbase’s victory could be a major blow to the SEC, which has lost several cryptocurrency-related lawsuits. With the U.S. Congress failing to provide clear guidance for the nascent cryptocurrency market, major U.S. cryptocurrency players have turned to the judicial system to find an appropriate interpretation of the law. High demand for cryptocurrency assets and the upcoming US general election have clearly divided lawmakers. Nonetheless, cryptocurrency interests have come together through Fairshake, a federal super PAC registered with the Federal Election Commission, and have raised $78 million to ensure…
According to Ether active options data, the largest cluster of open contracts is a call option with a strike price of $2,550 that will expire on Friday, January 19th. There are more than 24,600 open contracts for the $2,550 strike price, according to Deribit data. It has a nominal value of over $62 million. In options trading, a call option gives the holder the right, but not the obligation, to purchase the underlying asset at a specific price before or at the expiration date. Ether call options are centered at $2,550 ahead of expiration on Friday. Image: Deribit. The existence…
The current state of the cryptocurrency market presents a somewhat mixed picture. Ethereum (ETH) is experiencing a noticeable decline in performance compared to Bitcoin (BTC), evidenced by the decline in the ETH/BTC ratio, an important indicator for those trading altcoins. Nonetheless, Ethereum (ETH) has maintained a solid performance against the US dollar, up around 10% since December. Despite ETH struggling to keep pace with Bitcoin, this resilience shows that it is strong enough to maintain its value regardless of BTC’s market movements. Despite the current uncertainty and the absence of a traditional alt season when alternative cryptocurrencies typically surge in…
January 12th What is Sats4ai? Posted at 14:44h education by admin Sats4ai provides users with access to free, open-source generative AI models that can generate audio, images, and text. What sets Sats4ai apart is its integration with Bitcoin’s Lightning Network, a solution that allows users to seamlessly make instant micropayments to pay for these AI services based on usage. Convergence of Bitcoin and Artificial Intelligence Last July, we explored the interesting concept of how Bitcoin could expand access to artificial intelligence (AI) on the Bitfinex blog. This article explored how Bitcoin, which is by definition decentralized, permissionless, and globally accessible,…
The stock price of Baidu, a popular Chinese technology company, fell significantly after reports emerged that Ernie Bot, an AI chatbot, was tested in a Chinese military-affiliated laboratory. The situation has raised concerns among investors about potential geopolitical ramifications and the complexities Chinese AI companies face in balancing innovation and political challenges. On January 15, 2024, Baidu’s Hong Kong-listed shares fell 11.5%, the largest decline since 2022. The decline was triggered by a South China Morning Post report that the People’s Liberation Army’s Strategic Support Force, which oversees cyber warfare, had been testing Baidu’s AI chatbot for military purposes. The…
The Sui Foundation, which powers the $2 billion layer 1 blockchain Sui, has entered into a strategic partnership with Stork, a specialized off-chain data feed oracle. This collaboration will revolutionize the environment for traders and builders by optimizing speed and accessibility to unique indices and market average prices. Designed specifically for ultra-low-latency trading, Stork has established itself as the leading oracle providing real-time price data to application developers, decentralized exchanges (DEXs), and lending protocols operating on Sui’s blockchain. The platform excels at publishing updates to more than 80 price feeds within milliseconds, outperforming other decentralized oracles, as Stork claims. In…