Author: Crypto Flexs

Chris Lee predicts that blockchain will soon shift from horizontal scaling to vertical scaling. Vertical expansion can increase the efficiency of online casinos and improve the user experience. Advanced solutions like atomic swaps can replace wrapped assets while maintaining decentralization. Chris Lee, a former Microsoft engineer and founder and CTO of Ava Protocol, makes a bold prediction about the future of blockchain technology. According to Lee, the focus of blockchain development is expected to shift from horizontal to vertical expansion in the next five years. This shift is expected to redefine how various industries utilize blockchain technology, especially in terms…

Ether is struggling to maintain its position in the market as major bearish signals are confirmed on the long-term chart. ETH price plunges below major trend lineETH’s daily candle closed below the 200-day moving average (200-DMA), a move that has seen corrections several times before. ETH/USD on the 1-day chart. Source: Trading ViewOn the other hand, the spot Ethereum ETF provided a small glimmer of hope to the ecosystem, recording net inflows of $26.7 million on August 1. Ethereum fees have been plummeting since March.According to the latest on-chain data, Ethereum generated an average daily fee of over $10 million…

Ethena Labs’ synthetic dollar will be launched as margin collateral on cryptocurrency exchange Bybit as USDe token adoption grows. The new integration will see USDe launched as a margin collateral for traders with an annual percentage rate (APR) of up to 20%.According to Bybit’s co-founder and CEO Ben Zhou, this will bring more efficiency and flexibility to Bybit’s traders’ trading strategies. Zhou …“By leveraging USDe, traders can now benefit from a unique combination of stability and potential returns while managing their collateral. For Bybit users, this means access to a range of stablecoin options, including crypto-native solutions like USDe.”The new…

Ark Invest sold 108,751 shares of ARKB stock. Bitcoin Bitcoin +0.20% On Thursday, the Next Generation Internet ETF (ARKW) issued a $6.9 million exchange-traded fund (ETF).ARKB, issued by Ark and 21Shares, saw a combined net outflow of $22.4 million on August 1, while the spot Bitcoin ETFs saw a combined net inflow of $50.6 million.The investment firm led by Cathy Wood also increased its Coinbase stock sales yesterday, selling 31,517 shares ($6.7 million) of ARKW and 37,552 shares ($8 million) of the Fintech Innovation ETF (ARKF), after selling $2.7 million worth of COIN on Wednesday, according to the firm’s latest…

Peter Zhang 02 Aug 2024 09:02 Binance has announced an update to its margin liquidation fees, effective August 12, 2024, to protect users and ensure market stability. Binance, one of the world’s leading cryptocurrency exchanges, has announced an important update to its margin liquidation fees, which will be effective on August 12, 2024 at 06:00 (UTC). According to Binance, this change is intended to enhance user protection and maintain market stability. Update Details The updated margin liquidation fee is part of Binance’s ongoing efforts to provide users with a safe trading environment. The company…

Hackers are exploiting Terra’s outdated security patch to mine tokens out of thin air. This comes just a week after TerraForm Labs announced its repayment plan. The Terra community has figured out the culprit, but the depleted funds are long gone. Terra Luna’s blockchain continues to experience issues. TerraForm Labs’ native chain was temporarily suspended at block 11430400 on July 31, 2024. This action was taken after multiple blockchain intelligence platforms raised alerts that over $6 million worth of digital assets had been lost, including 60 million ASTRO tokens on the Astroport liquidity protocol on the Terra Luna chain. 🚨…

Over the past few months, Solana brush -3.95% We have experienced a surge in on-chain volumes, complemented by a surge in daily active addresses, with the 7-day moving average recently surpassing 2 million. Data dashboard of the block.This has led to a huge influx of users into the dapps-driven ecosystem. Radium ray -6.84% Pump fun, and Zito JTO -4.59% It is also where the network generates the most fees.Among these dapps, Raydium emerged as the largest fee generator from Solana users. The decentralized exchange (DEX) recorded $30 billion in trading volume in July, making it the second largest DEX trading…

Chirp Unveils Leaderboard Campaign as Part of BIG Chirp Airdrop Ahead of $CHIRP Token Launch – Chainwire housenewsroomChirp Unveils Leaderboard Campaign as Part of BIG Chirp Airdrop Ahead of $CHIRP Token Launch We use cookies to make the Chainwire website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising, and provide web analytics for us. Technical storage or access is strictly necessary for the legitimate purpose of enabling the subscriber or user to use specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications via…

Jessie A Ellis 02 Aug 2024 06:50 Explore the historical development and core theories of artificial general intelligence (AGI), from Turing’s early concepts to modern advances. The dream of artificial general intelligence (AGI), a machine with human-like intelligence, can be traced back to the early 1950s in computational theory. Pioneers like John von Neumann explored the possibility of replicating the functions of the human brain. Today, AGI represents a paradigm shift from narrow AI tools and algorithms that excel at specific tasks to a form of intelligence that can learn, understand, and apply knowledge…

A prominent cryptocurrency analyst believes that one competitor to Ethereum (ETH) is looking for a massive breakthrough. Jamie Coutts, senior cryptocurrency analyst at Real Vision, said that Solana (SOL) is showing a bullish pattern against Bitcoin (BTC) based on the simple moving average (SMA) crossover on the daily chart. “Solana’s relative strength is truly remarkable. After integrating against the king of Bitcoin, a breakthrough seems imminent.” Source: Jamie Coutts/X The analyst shared a chart suggesting that SOL/BTC entered an uptrend after the short-term SMA crossed the long-term SMA, which has been a sign of a rally in the past. At…