The Metaplex Foundation announced the Metaplex Aura Network on September 23, 2024. Aura is a decentralized indexing and data availability platform designed to scale Solana and the Solana Virtual Machine network. The MPLX price rose 12% on the news and amid the overall cryptocurrency market rally. The Metaplex Foundation, the non-profit organization that supports the Metaplex protocol, has announced a new decentralized indexing and data availability layer for Solana (SOL). The Metaplex Aura Network is a new platform launched by the Metaplex Foundation on September 23rd, which the company said complements the Solana Virtual Machine and Metaplex Program Library to…
Author: Crypto Flexs
Read More
A panel of federal appeals court judges in Philadelphia expressed skepticism Monday about the U.S. Securities and Exchange Commission’s longstanding refusal to issue specific rules regarding cryptocurrency token sales. During an afternoon hearing in the 3rd U.S. Circuit Court of Appeals, attorneys for Coinbase and the SEC said the regulator Should be made mandatory To effectively clarify the rules for cryptocurrencies over the years, “Forcibly regulate” Sporadic lawsuits filed against cryptocurrency companies and projects. The three-judge panel, consisting of two Democratic-appointed judges and one Republican, questioned both sides for more than an hour about where the SEC draws the line…
Altcoins have been bullish over the past month, following Bitcoin’s recent recovery, leading analysts to suggest that the market could be on the verge of altcoin season.“The last few days have been extremely bullish for many #Altcoins!” ParabolicPump, co-founder of Crypto Capital, said in a post to X on September 23. Popular trader 360Trader observed that TOTAL3, the total cryptocurrency market cap excluding BTC and ETH, has retested the upper boundary of the descending channel. This key level has held prices in check since March 2024, but a decisive close above it would almost certainly “put the nail in the…
Altcoins have been bullish over the past month, following Bitcoin’s recent recovery, leading analysts to suggest that the market could be on the verge of altcoin season.“The last few days have been extremely bullish for many #Altcoins!” ParabolicPump, co-founder of Crypto Capital, said in a post to X on September 23. Popular trader 360Trader observed that TOTAL3, the total cryptocurrency market cap excluding BTC and ETH, has retested the upper boundary of the descending channel. This key level has held prices in check since March 2024, but a decisive close above it would almost certainly “put the nail in the…
that Celestia Tia +14.57% The Foundation, an organization primarily responsible for modular blockchain networks, has raised $100 million in a round led by Bain Capital Crypto. Syncracy Capital, 1kx, Robot Ventures, and Placeholder participated in the round, bringing the foundation’s total funding to $155 million. Launched in October 2023, Celestia is a network designed to help scale by offloading the data requirements of other blockchains. Its “data availability sampling” technology allows users to validate large blocks without having to download all the data. Network developers recently announced plans to scale Celestia to 1-gigabyte blocks (by comparison, the average Bitcoin block…
Analysts suggest that altcoin season is upon us as Bitcoin’s dominance shows signs of waning. Recent asset price performance has further fueled speculation about an altcoin season. The recent changes are a result of the favorable macroeconomic environment for risk-taking. Last year, the cryptocurrency market experienced a significant resurgence, but it still doesn’t feel like a true bull market cycle, with most altcoins, including Ethereum, remaining well below their previous highs. However, with Bitcoin’s recent dominance in market cap waning, analysts are suggesting that it may finally be time for these altcoins to surge.Is altcoin season upon us?Bitcoin faces rejection…
Alvin Lang 23 Sep 2024 04:15 Layer 2 blockchains increase the speed and reduce costs of layer 1 chains like Ethereum, thereby increasing the scalability of Web3. Layer 2 (L2) blockchains are solutions designed to improve the performance of existing Layer 1 (L1) blockchains, such as Ethereum. Similar to secondary roads built to ease traffic on busy highways, Layer 2 technologies aim to make transactions faster, cheaper, and more scalable. Why do we need 2 layers? Popular blockchains like Ethereum Bitcoin Due to network congestion, we often experience slow transaction speeds and high fees.…
Experts predict that lower interest rates will increase liquidity in the financial system and attract investors to cryptocurrency assets.On September 18, the Federal Reserve announced that it would cut its benchmark interest rate by 50 basis points to 4.75%-5.00% for the first time in four years, which was in line with Wall Street expectations. This decision has significant implications for various financial markets, including cryptocurrencies.Historically, lower interest rates tend to drive up asset prices by reducing borrowing costs and improving investor sentiment. In the case of cryptocurrencies, the increased liquidity resulting from lower interest rates can stimulate demand and drive…
DeFi Exploit: $230K Reportedly Lost According to a September 23 post from blockchain security platform TenArmor, hackers compromised decentralized finance protocol Bankroll Network on September 22, stealing $230,000. TenArmor has published an image of the attack transaction, showing numerous BNB transfers from the BankrollNetworkStack contract to itself, each worth $9,679,645.51. The other two transfers are for $9,435,877.94, one of which originates from the PancakeSwap exchange pool and goes to an account ending in “47D7”, and the other originates from the account “47D7” and goes to the BankrollNetworkStack contract. The difference between the equity transfer and the account transfer amount is…
Bitcoin price gained pace above the $62,500 resistance level. BTC even broke through the $63,200 level and is now consolidating its uptrend above $63,500. Bitcoin is gaining momentum above the resistance level of $63,200. The price is trading above $63,400 and the 100-hour simple moving average. According to data provided by Kraken, the downtrend line connected with the resistance level at $63,220 on the hourly chart of BTC/USD has broken. The pair could extend its uptrend if it remains above the $62,500 support zone. Bitcoin Price Extends Rise Above $63,500 Bitcoin price extended its uptrend above the $62,500 level. BTC…