Ethereum Foundation (EF) Contributor Josh Stark posted on social media on August 27 a breakdown of the organization’s spending over the past two years.Stark shared this information after speculation grew that the Foundation was planning to sell off a large amount of Ethereum. The rumor spread after a wallet linked to the Foundation made a large transfer.Stark also hinted that the Foundation plans to release an expenditure report ahead of this year’s Devcon, scheduled for November 12th.Funding DetailsStark shared two pie charts showing the Foundation’s funding allocations for 2022 and 2023. The charts show seven key areas: New Agencies, L2…
Author: Crypto Flexs
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DOGS, a new community-driven meme coin, has hit a snag on its launch. The maximum limit of DOGS issued as reward tokens via Telegram bots is 550B. A savvy investor made $77,000 on the day the coin was listed. A new meme coin called DOGS raised eyebrows with its massive on-chain activity on the day it was listed on multiple exchanges. Listed on Binance on August 26, 2024, DOGS soared 124% to hit an all-time high of $0.001733 by the afternoon of the same day.After facing a market correction of over 20%, DOGS recorded a massive trading volume of $1.75…
Terryl Dickey 21 Aug 2024 12:30 Binance announces new limited-time offers every Wednesday via its Earn platform, including Simple Earn, ETH Staking, and Dual Investment. Binance, the world’s leading cryptocurrency exchange, has announced that it is launching new limited-time offers every Wednesday via its Binance Earn platform. According to Binance, these offers include opportunities for Simple Earn, ETH staking, and Dual Investment. Popular limited time specials Binance’s new offers are available on a first-come, first-served basis and include both flexible and locked products. Users can view their assets by going to Wallets > Earn.…
Recent price spikes in the cryptocurrency markets have been somewhat short-lived, most recently when Bitcoin (BTC) briefly rose to $65,000 on August 24. According to data from Glassnode, traders have become wary of using leverage to hedge risk and chase bigger gains in the crypto markets. In The Week Onchain Newsletter on August 27, analysts explained that the “phenomenon” or reduced appetite for speculation and leverage is reflected in the “vast number of tokens currently showing neutral funding rates,” which “makes it likely that the spot market will take the lead in the short term.” Binance Funding Rate Heatmap. Source:…
Tony Kim 27 Aug 2024 21:07 Learn the basics of encryption and its importance to digital security, as explained in the latest DevSpeak from Gala News. In the latest installment of DevSpeak, Gala News explores the essential concepts of encryption and its importance in the field of digital security. Encryption is a critical process that ensures data privacy and security, a cornerstone of the Web3 world. Encryption, Definition Encryption is the process of converting readable information into a coded form that can only be deciphered by authorized parties. This process uses complex algorithms to…
Two prominent cryptocurrency strategists predict that layer 1 protocol TONcoin (TON) will rebound after last week’s sudden correction. Altcoin Sherpa, an anonymous analyst, told his 220,700 followers on social media platform X that TON could rise by more than 23% from its current value. “I bought TON spot last night, I’ll hold on to it and see what happens. $5.50 was my entry point, I’ll be patient. I think these averages will recover a bit, these are decent entry points from a TA (technical analysis) perspective. My target is around $6.30.” Source: Altcoin Sherpa/X Another anonymous analyst, The Crypto Dog,…
Venture Capital • August 27, 2024 1:52 PM EDT Posted 1 minute earlier ~ in Updated: August 27, 2024 1:57 PM EDT Happy Tuesday! In today’s newsletter, we have news about a Microsoft-backed blockchain and AI startup raising an additional $20 million, Aave Labs proposing to integrate BlackRock’s BUIDL into its stablecoin system, MakerDAO rebranding to Sky, and more.Meanwhile, Anthony Scaramucci discusses the importance of not alienating crypto voters in the latest episode of The Scoop podcast.Let’s get started.Microsoft-backed AI, blockchain startup Space and Time raises $20 millionMicrosoft-backed startup Space and Time Labs has raised $20 million in Series A…
Peter Zhang 27 Aug 2024 21:33 The Wyoming Blockchain Symposium brought together industry leaders to provide key insights into regulatory developments and energy strategies in the cryptocurrency space. The Wyoming Blockchain Symposium recently brought together 250 of the leading minds in the digital asset industry. Hosted by SALT in partnership with Kraken and the University of Wyoming, the event highlighted Wyoming’s pioneering role in cryptocurrency regulation and energy innovation, according to Bitwise Investments. Wyoming’s Regulatory Environment Wyoming has been at the forefront of supporting digital assets, particularly through its Special Purpose Depository Institution (SPDI)…
Ethereum is under significant selling pressure after its latest attempt to recover from a multi-month low earlier this month. The cryptocurrency has been on a three-week retreat, retesting the critical $2,819 threshold that previously served as a key support level. However, this support has turned into resistance, leading to a rejection that signals a potential downside for ETH. The bear market structure remains the same The range context for Ethereum is still not good from the short-term perspective. The coin has formed lower highs and lower lows since reaching the $4,000 mark and has been retracing its losses over the…
The company’s trading volume increased by 573% due to the integration of Akash Network and NVIDIA product Brev. AKT has surged 20.18% over the last 7 days. On August 23, all cryptocurrencies experienced a strong bullish trend. Since then, the market has become volatile, with investors hoping that external forces will influence another bullish trend. Even amidst these market volatility, Akash Network has shown strong uptrend. The price volatility has everyone wondering what is driving the rally in AI-themed altcoins. Akash Network Integrated into NVIDIA’s Brev According to a report from NVIDIA’s head of technology development, Nader Khalil, the AI…