avalanche Abox +1.78% Although he was a rising star not long ago, he now faces a steep uphill climb. The number of active addresses on Avalanche’s C-Chain has plummeted to a 12-month low of 31,000, matching levels last seen in October 2023. This is in stark contrast to the network’s peak of 99,000 active addresses in December 2023.Current user activity is down about 70% from its December peak, raising questions about the network’s ability to sustain user engagement. Despite processing about 150,000 transactions per day, the declining number of active addresses suggests that it is concentrated among less active users.Designed…
Author: Crypto Flexs
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contributor Posted: September 20, 2024 ADA’s long/short ratio was at 1.034, indicating bullish market sentiment among traders. ADA’s open interest for futures increased by 8.5% and continued its steady upward trend. Amidst this ongoing market reversal, Cardano (ADA) is showing strength and is on the verge of a massive rally, which appears to be fueled by a potential breakout and bullish on-chain metrics. The overall market sentiment has changed, with major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) experiencing significant upward momentum, and now Cardano is following suit. Cardano Price Momentum Over the past three days, ADA has surged…
Join us telegram Stay up to date with the latest news coverage by subscribing to our channels. The cryptocurrency market is growing significantly, with many digital assets emerging as attractive investment options. The current global cryptocurrency market capitalization is $2.17 trillion, up 5.01% over 24 hours. The total trading volume also surged to $98.83 billion, showing a notable increase of 27.18% during the day. Several altcoins are experiencing positive momentum today, showing significant gains. Recent technological advancements, strategic partnerships, and dynamic market developments are attracting the attention of investors looking to capture potential opportunities. This article explores some of them:…
Rebecca Moen 19 Sep 2024 14:59 NVIDIA’s AI and accelerated computing platforms are leading to significant energy efficiency improvements across a range of industries, as highlighted at Climate Week 2024. According to the NVIDIA blog, NVIDIA’s AI and accelerated computing platforms are leading to significant energy efficiency improvements across a range of industries, which was highlighted during Climate Week 2024. NVIDIA’s global operations will all be powered by renewable energy sources by the end of January. This change is consistent with the company’s mission to help customers and partners leverage AI and accelerated computing…
September 19, 2024 The EEA today released version 1 of its new DLT interoperability specification. About the specifications This specification provides a standard framework that enables interaction between various blockchains and distributed ledgers. This standard provides software teams with a well-known set of interfaces, reducing development time and the potential for errors, and eliminating the need for developers to build custom solutions for each pair of networks they want to connect. This specification was developed by the EEA’s Cross-Chain Interoperability Working Group. This working group grew out of early work on interoperability in 2019 when EEA members recognized that a…
Cryptocurrency hackers have taken over the official YouTube channel of the Supreme Court of India and are running Ripple and XRP scams.On September 20, the official YouTube channel of the Supreme Court of India, which had over 217,000 followers, was rebranded as a Ripple-themed account to run a cryptocurrency scam. The hacked YouTube channel of the Supreme Court of India. Source: YouTube The hackers used the channel to play fake livestream videos featuring Ripple Labs CEO Brad Garlinghouse, and also urged potential victims to invest in the scam, promising unrealistic returns. YouTube closes hacked accountsThe hacker also changed the channel…
Bitcoin (BTC) sold off along with U.S. stocks at the opening of Wall Street on September 20 as risk assets began to break away from the macroeconomic uptrend.BTC/USD 1-hour chart. Source: TradingViewBitcoin Price ‘Bullish’ Outlook Until Weekly CloseAccording to data from Cointelegraph Markets Pro and TradingView, the price of BTC turned upward again at the daily open after hitting a three-week high of $64,121 on Bitstamp.The S&P 500, which hit a record high on September 18 after the Federal Reserve’s sharp interest rate cut, also fell along with the Nasdaq 100.S&P 500 vs. BTC/USD 1-day chart. Source: TradingViewGold is up…
Pudgy Penguins CEO Luka Netz said at the Solana Breakpoint conference in Singapore on Friday that despite the mimecoin culture, there is no better way to build community than using NFTs.“With Mimecoin, there’s no profile picture that’s easily recognizable on the internet, there’s no one who shares (your) values, and it’s almost like a chain reaction effect that only NFTs can create,” Netz said. “There’s also a kind of symbolism that Mimecoin can’t naturally replicate.”Pudgy Penguins CEO explained that one of the unique things about NFTs is that they are hierarchical, with prices and time periods for purchases indicating power…
Solana’s liquid staking could increase significantly. Bybit Launches bbSOL for Liquid Staking Liquid staking could drive Solana’s price. Solana has been growing rapidly this year in terms of network volume and price, but its liquid staking utilization remains relatively immature compared to Ethereum. Bybit claims that this has huge potential for the network and the price of SOL. The report comes just weeks after the major exchange teased a Solana liquidity staking program. Liquid Staking is a Billion Dollar Opportunity for Solana Solana may be preparing an event that could significantly increase its appeal to investors. On Thursday, September 12,…
Alvin Lang 19 Sep 2024 15:56 Tether invested $1.5 million in Sorted Wallet to advance financial inclusion with a focus on emerging markets, particularly Africa and South Asia. Tether Operations Limited, a leading digital asset industry company, has announced a $1.5 million strategic investment in Sorted Wallet, a platform designed to provide easy access to cryptocurrency for emerging market users. According to tether.io, the investment aims to enhance financial inclusion across Africa and South Asia. Strengthening financial inclusion Sorted Wallet bridges the gap between unbanked and underbanked individuals in developing countries by providing secure…