Decentralized finance (DeFi) stablecoin issuer Usual Protocol responded to community backlash after its staked stablecoin USD0++ fell sharply from $1 on Friday, January 11. On January 9, USD0++ reached $0.92 after falling to $0.89 due to the introduction of a new minimum price mechanism and exit option.The protocol team has now introduced a series of measures, including early activation of the “Revenue Switch”, to address user concerns and stabilize the ecosystem.The revenue transition, starting January 13, will allow Usual Protocol to share real-world assets and revenue from protocol operations with the community. The team expects to generate approximately $5 million…
Author: Crypto Flexs
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no way recent reports Bitwise and VettaFi found that 56% of financial advisors are more likely to invest in cryptocurrencies this year, with the 2024 US election outcome driving sentiment.Skyrocketing cryptocurrency prices and increased regulatory clarity in 2024 will lead to greater interest from both clients and advisors. In 2024, 96% of advisors handled client inquiries about cryptocurrencies, up from 88% in 2023.Additionally, the percentage of advisors allocating cryptocurrencies to client portfolios doubled year-over-year, from 11% in 2023 to 22% in 2024. Institutional investors (30%) and registered investment advisors (RIAs) (28%) were most likely to allocate cryptocurrencies, followed by wirehouse…
The cryptocurrency market has yet to find a footing to sustain the mentioned rally in the fourth quarter of 2024. With Bitcoin currently stuck below $95,000, many altcoins are struggling to make significant gains. Nonetheless, BeInCrypto analyzed three cryptocurrency tokens that performed better than their top coins this week. XDC Mainnet (XDC) XDC price has surged 21% over the past week, rising to $0.102 and breaking the critical resistance of $0.097. This significant rise shows growing investor interest and strong market momentum, putting the altcoin in a position to rise further if support levels remain intact. XDC’s next target is…
Yorg Healer January 10, 2025 09:30 CoreWeave has appointed Karen Boone as an independent board member, strengthening her leadership with extensive corporate governance experience. CoreWeave, a leader in AI cloud solutions, announced the appointment of Karen Boone as an independent member of its Board of Directors. Boone, a seasoned executive, will bring extensive experience in financial management and corporate governance to the role starting in January 2025, according to CoreWeave. Boone’s extensive experience Karen Boone’s career is marked by holding significant leadership roles in major corporations. She most recently served as Interim Co-CEO and…
January 10th What is Ethereum’s Pectra Upgrade? Post time: 14:19h education by admin The upcoming Ethereum Pectra upgrade, scheduled for early 2025, represents a major milestone in Ethereum development focused on improving usability, scalability, and efficiency. To mitigate risk, the upgrade, split into two phases, combines improvements to the execution layer (Prague) and consensus layer (Electra). Key features include advanced account abstraction that allows users to pay gas fees with ERC-20 tokens, flexible staking by increasing the validator balance limit from 32 ETH to 2,048 ETH, and important features such as Verkle trees and Peer Data Availability Sampling (PeerDAS). Includes…
Jessie A. Ellis January 10, 2025 09:55 CoreWeave has appointed Sandy Venugopal as Chief Information Officer (CIO) to lead its IT and digital transformation strategy and drive innovation and growth. CoreWeave, a prominent leader in AI and cloud infrastructure, announced the appointment of Sandy Venugopal as its new Chief Information Officer (CIO). With a strong background in technology leadership and digital transformation, Venugopal will lead CoreWeave’s IT and digital transformation strategy, which aims to support the company’s rapid growth and expansion needs, according to PRNewswire. experienced leadership Venugopal has over 20 years of experience…
A widely known cryptocurrency trader has warned that Bitcoin (BTC) could suffer a sudden collapse if it loses a key support level. The trader, who goes by the pseudonym Altcoin Sherpa, told his 239,300 followers on social media platform He also said Bitcoin could remain weak until the U.S. government decides what to do with the bitcoin it seized from the Silk Road darknet market, after reports emerged this week that it was legally permitted to sell more than 69,000 BTC. “BTC: Maybe we will see endless TWAP (time weighted average price) for now and no bidders until this stupid…
Darius Varu January 10, 2025 10:13 NVIDIA announces expansion of GeForce NOW cloud gaming at CES 2025, introducing new titles and partnerships with Steam Deck, Apple Vision Pro, and more. At the CES 2025 event, NVIDIA unveiled a major expansion of its GeForce NOW cloud gaming service and introduced new partnerships and game titles. According to NVIDIA, the announcement highlights the integration of GeForce RTX games on devices such as Steam Deck, Apple Vision Pro space computer, Meta Quest 3 and 3S, and Pico mixed reality devices. Global expansion and new members For the…
ai16z was unable to reclaim the $1.8 area as support. A rejection at $1.72 would likely push the price down to $1.18, also likely below $1. ai16z (AI16Z) is one of the largest artificial intelligence (AI) agent tokens on the market today. However, Bitcoin’s recent losses were also one of the worst hits for the sector recently, sending the rest of the cryptocurrency market lower. In the short term, sentiment towards AI16Z appeared decidedly bearish at press time. There is a high possibility that it will fall below the $1 support line. Price action highlights bearish intentions Source: TradingView AI16Z/USDT…
A genre-defining mobile MMORPG combining strategy, adventure, and cutting-edge technology powered by GPS, AR, AI, and blockchain is scheduled for release this year. For the past three years, the Chaos on the Chains team has been quietly creating experiences that push the boundaries of mobile gaming. Fusing AR, AI, and GPS technologies into a stylized low-poly world, this upcoming MMORPG invites players to explore real-world locations, conquer lands, and meet heroes ranging from ancient legends to warriors of the future. The final stages of development are planned for the coming months, and the finish line is in sight, with excitement…