Advocates of Decentralized Physical Infrastructure Networks (DePIN) generally aim to leverage blockchain technology to give users control and ownership of real-world physical infrastructure networks, from GPU chips to wireless data networks. The project in space claims that: It provides real value in a way that sets it apart from other cryptocurrency projects. “DePIN is probably the only category on the web3 where value comes from outside of the cryptocurrency sector,” Alvaro Garcia, partner at Borderless Capital, said in a recent interview with The Block. He also claimed that the DePIN project makes it uniquely resistant to bear markets that could…
Author: Crypto Flexs
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Google searches for the term “Bitcoin” (BTC) hit a one-year low during the week of October 12, 2024. Out of 100, global interest in that search term had fallen to 33% by the end of the week.Meanwhile, the search volume for ‘Memcoin’ was 77 out of 100 during the same period, but has not yet surpassed the previous high of 100, achieved at the end of October 2023.However, CryptoQuant CEO and founder Joo Ki-young believes that memecoin search volume will recover to previous highs by the end of October 2024, as market interest in these digital assets remains high.Google search…
Tony Kim October 13, 2024 03:43 Circle has announced the first recipients of its USDC grant program, which aims to support projects that integrate USDC and leverage Circle’s platform capabilities. Circle, developer of the USDC stablecoin, announced the first group of projects to receive funding from the recently launched USDC grant program. According to Circle.com, this initiative, introduced a few months ago, aims to support early-stage projects that integrate USDC and leverage features of the Circle platform, such as programmable wallets. Innovative project selection The selection process was very competitive, as there were numerous…
This article is also available in Spanish. Shiba Inu (SHIB), the parody coin that made headlines in 2021, has reignited investor interest. According to research by cryptocurrency expert Javon Marks, the token has recently emerged from a declining wedge, which could suggest a significant price increase is imminent. Related Reading Marks estimates that SHIB could increase by 342%, reaching $0.000081. This is a level not seen since a strong 2021. If current trends continue, the dog-inspired digital asset could see a significant price reversal. After the milestone breaking, the future of SHIB price looks promising. According to estimates, there will…
Alexander Nikolas Gierczyk, a former FTX customer who sold his $1.59 million claim on the bankrupt cryptocurrency exchange to hedge fund Olympus Peak at a 42% discount in November 2023, said the company will recover additional amounts. He sued the company, claiming it had broken the contract.In papers filed Thursday in U.S. District Court for the Southern District of New York, the California resident said Olympus Peak underpaid him and now stands to make more than $1 million from the deal after U.S. Bankruptcy Judge John Dorsey recently approved the assets of FTX Real Estate. He claimed that he was…
My name is Godspower Owie and I was born and raised in Edo State, Nigeria. I grew up with three siblings who have always been my idols and mentors, helping me grow and understand my way of life. My parents are literally the backbone of my story. They have always supported me through the good times and the bad, and they have never left my side whenever I have felt lost in this world. Honestly, having such great parents makes me feel safe and secure, and I wouldn’t trade them for anything in the world. I was introduced to the…
The cryptocurrency market hid its intentions in calmness. Hidden forces lifted certain coins against the downturn. For now, the critical threshold remains unbroken. Cryptocurrency markets were relatively subdued this week, with most major coins experiencing minor fluctuations. Some assets rose slightly on positive developments and strong indicators, while others fell slightly due to market volatility and investor caution. The overall sentiment remains cautious but hopeful as traders watch for signs of a significant move. As markets remain quiet, all eyes are on key levels that could dictate future movements. The coming weeks will be pivotal in determining whether the bulls…
Binance announced the launch of new trading bots for certain trading pairs in the spot market, improving user trading experience. Restrictions apply based on your location. (Read more)
A widely respected cryptocurrency analyst believes that a hot Solana (SOL) competitor will soon hit a new all-time high (ATH). Crypto trader Michaël van de Poppe told his 729,500 followers on social media platform X that Sui (SUI) could rise more than 23% from its current value. “Sometimes you have to be patient. We previously shared this on SUI and indicated the level ($1.79). It got there and had a strong bounce of close to 10%. I think we will continue towards the highs of SUI, reaching $2.25-$2.50.” Source: Michaël van de Poppe/X SUI is trading at $2.03 at the…
Bitcoin (BTC) has recovered sharply after falling below $60,000 for a week, but buyers are struggling to hold it higher. Buying on declines and selling on rallies is a signal of a narrow range forming in the short term.One small positive is that we are seeing solid demand at lower levels. After three days of outflows, the US-based Bitcoin spot exchange-traded fund recorded inflows of $253.6 million on October 11.Daily view of cryptocurrency market data. source: Coin360Bitcoin is still trading sideways, but some analysts appear to be taking a bullish stance on altcoins. Based on certain indicators, analysts believe that…