Coinbase-based Layer 2 Base chain hosts social network Friend.Tech. The developers’ move toward decentralization was not well received by the FRIEND community. Machi Big Brother, aka ApeCoin Whale, Spent $16.7 Million and Has Less Than $1 Million Left Friend.Tech, a popular Web3 social networking platform, recently decided to abandon smart contracts and make their network completely decentralized. By moving the contract to a null address on Ethereum (ETH), the developers completely gave up their administrative powers.Decentralization movement takes a dark turnThis has caused considerable anxiety among platform users. While this move ensures that nothing on the platform will change, it…
Author: Crypto Flexs
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Ethereum is under pressure at the time of writing, and we looked at the formation on the daily chart. In summary, ETH is stable on the last day, but has fallen 9% in the last week of trading. It is noteworthy that the trading volume has decreased significantly over the past few days. Overall, traders are bullish and expect the price to reverse and surge higher, overcoming the immediate local resistance. While this is developing, on-chain data points out other developments that leveraged traders should monitor closely. Over 40,000 ETH Moved on Derivatives Exchanges According to one analyst, citing CryptoQuant…
Timothy Morano September 10, 2024 01:12 a16z Crypto announced the 21 startups selected for the CSX Fall 2024 cohort, focusing on AI, DeFi, infrastructure, and consumer applications. a16z Crypto has revealed the 21 startups selected for its Crypto Startup Accelerator (CSX) Fall 2024 program, which kicks off this week in New York. According to a16z Crypto, this cohort will participate in an intensive eight-week program designed to provide first-hand learning from leading cryptocurrency founders, guidance from a16z’s investment and operations teams, and the opportunity to build connections within the broader a16z network. Diverse global…
Toncoin (TON) took a big hit after Telegram founder Pavel Durov was arrested on August 25, dropping more than 25% in value. This included a drop to $4.45 on September 6, before surging 15% to $5.15 by September 9.Despite the recovery, technical indicators show that Toncoin is at risk of continuing its current downtrend.TON Price Crisis 30% Drop in SeptemberTON’s continued price recovery is part of an inverse cup and handle pattern that forms a circular top followed by a period of consolidation. The inverted cup and handle is a bearish continuation pattern. It is usually resolved when the price…
After arrest On August 24, 2024, the activities of Telegram founder Pavel Durov were confirmed by French authorities. ton +6.26% The network has grown exponentially, with network transactions and active addresses increasing dramatically. The TON network’s 7-day moving average (7DMA) of daily transactions has reached a new all-time high. The network hit an all-time high of 8.68 million transactions on August 31, surpassing the previous record of 8.56 million on January 17.The number has continued to grow throughout the past week, reaching over 10 million transactions on Friday. That number is now up more than 160% since Durov’s arrest.The 7-day…
Iris Coleman September 10, 2024 01:49 Learn how blockchain innovations like AMMs, DAOs, and zero-knowledge proofs are transforming industries beyond crypto, as discussed in a16z crypto’s latest podcast. Recent advancements in blockchain technology have been making significant progress not only in the cryptocurrency space but also in a number of other industries. These advancements were highlighted in episode 50 of the ‘web3 with a16z’ podcast by a16z crypto, a venture capital fund known for investing in cryptocurrency and web3 startups since 2013. The episode features a16z crypto’s Senior Research Advisor and Stanford University Professor…
reporter Posted: September 10, 2024 The number of transactions on the Soneium testnet has exceeded 3 million. Meanwhile, top L2s such as ARB and OP have turned strong. Popular Japanese tech company Sony has entered the blockchain space with the launch of Soneium, the latest Ethereum (ETH) L2. Its recent release has created quite a buzz in the community, and Soneium has become one of the most talked about topics in its field. The popular sonerium Sony announced the launch of ETH L2 on August 23rd. Official statementSoneium is the infrastructure network that forms the foundation of Web3. The goal…
Pythia, Re-entry Attack Pythia Finance, a decentralized finance protocol, had $53,000 stolen via a reentrancy attack on September 3, according to a report from blockchain security firm Quill Audits. Pythia is an algorithmic stablecoin project that aims to manage finances using artificial intelligence. An attacker was able to collect more rewards than he was entitled to by repeatedly calling the “Claim Reward” function, preventing the reward balance from being updated after each call. According to the report, the attacker was able to repeatedly call the token’s “secure transfer” function in rapid succession because Pythia calls this function when rewards are…
This article is also available in Spanish. Ethereum price is attempting a recovery wave above $2,280. ETH needs to break through the $2,360 resistance level to continue its uptrend in the short term. Ethereum is attempting a recovery in the $2,150 range. The price is trading below $2,320 and the 100 hourly simple moving average. A major downtrend line has broken, forming resistance at $2,280 on the ETH/USD hourly chart based on data provided by Kraken. The pair needs to break the resistance level of $2,360 to continue its uptrend in the short term. Ethereum price faces resistance Ethereum price…
Introducing Credit Coop: Funding Growth with Future Cash Flows – Chainwire housenewsroomAbout Credit Coop: Funding Growth with Future Cash Flow 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 electronic communications networks. Technical storage or…