Jack Booth, co-founder of the TON Society, believes mass adoption of cryptocurrencies will depend on advancing decentralization within the open network (TON).In an exclusive interview with Booth, an organization focused on decentralized finance and data at TON, the TON community aims to “build a decentralized ecosystem” to make decentralized finance (DeFi), data and digital ownership “more accessible.” “There is,” he told Cointelegraph. Booth said:”TON’s mission is mass adoption, and we aim to achieve this by making blockchain technology scalable, effective, efficient and user-friendly(…) for the general public by removing barriers for both users and developers. “Let’s do it.”Booth warned that…
Author: Crypto Flexs
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Amidst bearish cryptocurrency market conditions, Wuffi was the top gainer, surging 50% in the last 24 hours. The overall cryptocurrency market cap plunged nearly 1.4% in the last 24 hours. According to CoinGecko, the global cryptocurrency market cap is $2.38 billion at press time. Bitcoin (BTC) and Ethereum (ETH) show no signs of movement during this period. Bitcoin is down more than 2.1% over the past seven days, while Ethereum is down nearly 7% over that period. However, even with this bearish outlook, few meme coins are outperforming overall market conditions. One notable meme coin called Wuffi (WUF) has surged…
Ethereum’s native token, Ethereum (ETH), is on track to post its first October loss since 2018, having fallen 5.40% as of October 27, reaching $2,475.ETH/USD daily price chart. Source: TradingViewThis decline is due to increased competition from newer smart contract platforms such as Solana (SOL) and lukewarm market reaction to Ethereum-based spot ETFs.However, there are growing signs that Ethereum may be ready for a rebound, with several indicators pointing to a potential recovery towards $6,000.Ethereum holds support prior to the 160% rise. Ethereum is currently holding a critical support level around $2,400. This price is consistent with the lower trendline…
james ding October 27, 2024 11:02 The EOS Network Foundation committed to advancing the finality, scalability, and security of the EOS blockchain by introducing Spring 1.0 and the Savanna consensus algorithm. In a recent development, the EOS Network Foundation launched the Spring 1.0 release with the new Savanna consensus algorithm. According to eosnetwork.com, this release is a significant advancement for the EOS blockchain, aiming to address previous limitations and improve performance. Introduction and background Spring 1.0, released on September 25, 2024, represents an important milestone for EOS. The update includes the Savanna consensus algorithm,…
Today Emory University reported a significant investment in the Grayscale Bitcoin Mini ETF. The university has invested more than $15 million in this Bitcoin ETF investment product. It also became the first U.S. university to report Bitcoin exposure. Grayscale Bitcoin Mini ETF Receives Large Investment Emory University reported owning 2,678,906 shares worth $15,082,241 as of September 30, according to an SEC filing dated Oct. 25. This highlights the growing trend among institutional investors embracing digital assets, particularly cryptocurrency ETFs. The timing of this revelation coincides with broader positive sentiment in the spot Bitcoin ETF market. Spot Bitcoin ETF flows showed…
Economist Alex Krüger is urging traders to exercise caution when it comes to Ethereum (ETH), saying one of its biggest rivals has already reached escape velocity and will continue to outperform. In a post on social media platform “Even if Trump wins. If an asset is expected to rise and the opposite is true, this is the market telling you something. There are better cryptocurrency assets to bet on. “Don’t be stubborn.” Kruger said he planned to go long ETH and Solana (SOL) on US election night if it looked like cryptocurrency-supporting presidential candidate Donald Trump would win. But now…
jack anderson October 27, 2024 11:22 According to BinanceResearch, spot Bitcoin ETFs are accumulating significant BTC, influencing cryptocurrency market dynamics with continued demand and institutional interest. Spot Bitcoin ETFs accumulate significant reserves.Spot Bitcoin (BTC) exchange-traded funds (ETFs) play a significant role in the cryptocurrency market, amassing over 938,700 BTC (equivalent to approximately $63.3 billion). According to BinanceResearch, this accumulation accounts for 5.2% of Bitcoin’s total supply. Net inflows exceeded 312,500 BTC worth approximately $18.9 billion, indicating continued demand with positive flows recorded for 24 out of 40 weeks.Comparison with Gold ETFs and Institutional InterestSurprisingly,…
India’s regulatory stance on cryptocurrencies and central bank digital currencies continues to spark debate, with recent discussions suggesting that CBDCs may have an edge over “private cryptocurrencies”.In an October 23His post sparked a response from the cryptocurrency community, with some warning that CBDCs could potentially be similar to “digital currencies” carrying the same inflation risks as traditional currencies.As India refines its approach to cryptocurrency regulation, striking a balance between security and innovation is likely to impact India’s role in the global digital economy.source: Sumit Guptarelevant: India’s cryptocurrency tax is not an attempt by the government to ‘replace’ the technology —…
Chainlink shows potential for a 40% upside, but breaking $13 resistance is key for the move. While there is a surge in large-scale transactions, on-chain indicators point to continued accumulation of LINK over the past month. Chainlink (LINK) was trading in $11.09 At press time, it is down 6.16% in the last 24 hours. The token’s circulating supply is 630 million LINK, with a market capitalization of approximately $6.95 billion. Trading volume over the last 24 hours reached $594.2 million, indicating active trading despite recent price declines. The current price movement comes after a downtrend and a period of consolidation…
Felix Pinkston October 27, 2024 10:37 Vitalik Buterin outlines Ethereum’s future challenges and solutions for reducing protocol complexity and storage requirements while maintaining blockchain persistence. Ethereum co-founder Vitalik Buterin outlined his vision for the future of the Ethereum protocol, with a focus on reducing complexity and bloat while maintaining the blockchain’s core persistence principles. As blockchain technology advances, the Ethereum network faces inherent challenges of increasing complexity and data growth, raising long-term sustainability concerns. Buterin’s recent post, part of a series exploring the potential future of Ethereum, highlights the critical need for ‘The Purge’,…