reporter Posted on: December 21, 2023 Ethereum liquidations increased as the price reached $2,270. Most market and on-chain indicators looked bearish. Ethereum (ETH) has been seeing a huge surge in network activity recently. This occurred at a time when altcoin liquidation levels were increasing. Could Ethereum’s high network activity help paint the coin’s charts green? User activity on Ethereum is high. Users have shown tremendous interest in Ethereum recently, as evidenced by the surge in network activity. AMBCrypto also examined data from Glassnode and found that active addresses on Ethereum have gained upward momentum since December 16th. The metric for…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage Digital asset incubation studio Yuga Labs has unveiled a new wrapper for its CryptoPunks collection of non-fungible tokens. Driven by recent developments, the CryptoPunks NFT collection has surged more than 1,600% in sales to over $1.6 million in the last 24 hours. Source: CryptoSlam.io, CryptoPunks NFT trading activity Yuga Labs Unveils New Rapper for CryptoPunks In a blog post on December 20, Yuga Labs’ smart contract expert and security wizard extraordinaire 0xQuit confirmed the release of a new wrapper for CryptoPunks, “CryptoPunks 721”. The new feature…
During the sale, Ark Invest strategically acquired 158,334 shares ($12.1 million) of Jack Dorsey’s Block Inc stock for its Next Generation Internet ETF. Ark Invest, a well-known asset management firm led by Cathie Wood, has been making strategic adjustments to its portfolio, most notably in its trades with Coinbase Global Inc (NASDAQ: COIN) and Grayscale Bitcoin Trust (GBTC). Ark Invest sold additional Coinbase shares, offloading a total of 149,780 COIN ($24.2 million) from the two funds as the stock hit a yearly high, according to the company’s latest trading filing. Ark Invest Coinbase Sell Ark Invest’s decision to sell Coinbase…
Near Protocol (NEAR) price is up 65% in the last 4 days. The gains pushed the stock to a 440-day high of $3.44 today. NEAR is up 80% so far in December. Will the momentum continue until the end of the month? NEAR Ascent reaches new heights Technical analysis on weekly time frames shows that NEAR price broke out of a downward resistance trend line in November. Before the breakout, the trend line held for 540 days. Although the increase was slow at first, NEAR accelerated this week and created a large bullish candle. Since then, the altcoin has increased…
Credo QRDO -0.50% Co-founder and CEO Anthony Foy was removed from the company following an investor-led management shakeup, and Qredo also secured debt financing to sustain operations, two sources with knowledge of the matter told The Block.One of the two sources said Foy had been asked to leave for an overhaul led by 10T Holdings, a lead investor in Qredo’s Series A. Dan Tapiero’s 10T Holdings, as Qredo’s majority shareholder and board representative, had the authority to request a leadership change at the company, the sources said. Foy’s resignation was also disclosed in documents filed with Companies House, the UK’s…
Credo QRDO -0.50% Co-founder and CEO Anthony Foy was removed from the company following an investor-led management shakeup, and Qredo has also secured debt financing to sustain operations, two sources with knowledge of the matter told The Block.One of the two sources said Foy had been asked to leave for an overhaul led by 10T Holdings, a lead investor in Qredo’s Series A. Dan Tapiero’s 10T Holdings, as Qredo’s majority shareholder and board representative, had the authority to request a leadership change at the company, the sources said. Foy’s resignation was also disclosed in documents filed with Companies House, the…
As the countdown to the anticipated Bitcoin ETF approval continues, investors and issuers are anxiously awaiting a decision from the U.S. Securities and Exchange Commission (SEC). The impending deadline has raised hopes for a successful conclusion, which would bring significant changes to the leading digital asset and the cryptocurrency industry as a whole. Appearing on Bloomberg TV on Tuesday, MicroStrategy Chairman Michael Saylor said the market should not underestimate the importance of the upcoming spot Bitcoin ETF. Saylor made the bold claim in an interview with BloombergTV on Tuesday that this would be “the biggest development on Wall Street” in…
In a decision that could shape the future of artificial intelligence (AI) and patent law, the UK Supreme Court has ruled against Dr. Stephen Thaler in a landmark case about the role of AI in inventions. Dr. Thaler, who created the AI system DABUS (Autonomous Bootstrapping Device for Unified Sentience), wanted DABUS to be recognized as the inventor of two patents: a food container and a light beacon. At the heart of this case was the interpretation of the 1977 Patent Act. The law requires that the “actual inventor” of an invention, identified as a “person,” be named as the…
Layer 1 Blockchain Solana (SOL) ~ led In terms of token price growth, 2023 is closely followed by other altcoins Avalanche (AVAX), Stacks (STX), and Helium (HNT). Solana, which began its rapid rise in mid-October, has risen more than 700% since the beginning of the year. HNT also showed significant gains, rising 500%. Most of the advancements have come this month since the company moved into the mobile space. For Avalanche, there have been several institutional partnerships that have helped boost the token by around 300% to date. Analysts have pointed to the tokenization of real-world assets as a booming…
The Bahamut Foundation introduces its latest initiative, Bahamut Grants. This is an important step forward in the Web3 evolution journey. Funding available for the program is as follows: 10 million $FTN Highly flexible deployment is possible. It is important to note that Bahamut is the preferred blockchain platform in the Fastex ecosystem, which uses $FTN as its native token. Bahamut recently successfully passed the CERTIK and HEXENS security assessments. Projects built on Bahamut will be subsidized to encourage business expansion on the network. Bahamut is a blockchain platform that rose to prominence with its game-changing and innovative POSA.proof of stake…