Author: Crypto News Live
In mathematics, Jasper Zhang figures to be a sort of Zeus. He says he won gold medals at math olympiads in China and Russia, and it took him just two years to get a Ph.D. from the University of California, Berkeley. Now he’s trying his hand at solving a key problem at the intersection of two of the fastest-growing but most complicated areas – blockchain and AI. Hyperbolic, the two-year-old startup that Zhang leads focused on decentralized AI computing, said Thursday that it is introducing a protocol called “Proof of Sampling (PoSP),” aimed at addressing challenges with trust in decentralized…
Bitcoin’s price uptick contrasted with traders closing positions, indicating market caution. Analysis suggested a short-term surge to $65K before a potential downtrend. Bitcoin’s [BTC] market performance has recently shown a notable uptick, with a 2.8% increase in the past 24 hours and a 6.8% rise over the week, pushing its price to hover above the $63,000 mark. This upward movement in price comes amidst various market activities that suggest a more complex scenario than a straightforward bullish trend. Bitcoin: Strategic movements Despite the positive price action, deeper market analysis revealed significant behavior changes among traders. Axel Adler Jr, an analyst…
Bitcoin experienced a price decline of 3.06% on Friday, falling as low as $60,372.36 based on data from CoinMarketCap. With the crypto market leader now in a consolidation phase, a trading analyst with X username Titan of Crypto has expressed resilient faith in Bitcoin’s ability to produce a post-halving price rally. Related Reading Bitcoin Rise Inevitable, Analyst Pinpoints $150,000 Price Target In a series of X posts on Friday, Titan of Crypto shared some interesting bullish predictions on the Bitcoin market. Firstly, the analyst noted that amidst BTC’s price decline, the token’s price pattern on the daily timeframe had formed…
Enjin, a pioneering force in Web3 development, has announced the highly anticipated relaunch of its Enjin Spark Program, marking a significant leap forward in the evolution of decentralized gaming ecosystems. Originally introduced in 2019, the Spark Program served as a catalyst for the integration of over 125 games into the burgeoning Web3 landscape. Now, with a suite of enhanced features and benefits, the reimagined Spark Program is poised to drive even greater adoption and innovation within the Enjin ecosystem. Launched in 2017, Enjin emerged as a pioneer in Web3 development, introducing the first gaming-specific development tools on Ethereum and designing…
TL;DRColombia’s largest bank, Bancolombia, has entered the crypto business by launching a crypto exchange and a stablecoin, which got us thinking about the value of stablecoins.Full StoryColombia’s largest bank, Bancolombia, has entered the crypto business by launching a crypto exchange called Wenia.At the same time, they’ve launched a stablecoin called ‘COPW,’ which is pegged to the Colombian peso.That news is cool and all, but the important topic it got us thinking about is this: Lots of people (on both sides of the fence!) seem to think that there’s only room for either crypto or traditional finance, but no room for…
In the last 24 hours, SOL’s NFT sales exceeded $3 million Ethereum continued to dominate Solana and Polygon in the NFT ecosystem Solana [SOL] witnessed some traction in its NFT ecosystem last week as a few popular collections migrated back to SOL. Does this mean that Solana’s NFT ecosystem is poised to witness further growth in the coming weeks? Solana outperforms Polygon The NFT ecosystem boomed last week as sales across multiple chains increased. AMBCrypto’s look at NonFungible’s data revealed that the total number of NFT sales last week increased. The total number of unique sellers also went up during…
ADA’s market showed a potential support forming below $0.50. Analysts predict ADA could reach new all-time highs, driven by historical trends. It has been a rocky month for Cardano [ADA] and the rest of its altcoin siblings. But now, as Bitcoin [BTC] manages to stay put well above the $63,000 mark, ADA has seemingly come back to life, seeing an increase of 4% as of the time this article was being written. The catalysts behind Cardano A key driver behind this upswing is the much-anticipated ‘Alonzo’ upgrade, which introduces smart contracts to the Cardano network. This technological advancement is expected…
Shared sequencer solution Espresso will partner with Ethereum layer-2 scaling solution Polygon Labs to develop AggLayer (aggregation layer) in order to solve rollup interoperability. AggLayer was first introduced in January. It is designed to solve the fragmented liquidity problem in the blockchain space by centering scaling UX on one single, unified aggregation layer. AggLayer is similar to Risc Zero’s “Type 0” zkEVM, Zeth, a general-purpose programming language that can be EVM equivalent. Both solutions are designed to enable transaction verification across multiple chains. In the case of AggLayer, the protocol uses a process called “proof aggregation” to ensure that transactions…
The Web3 World Consortium (W3WC) event held in Dubai marked a significant milestone in the evolution of Web3 technology. Bringing together visionaries, innovators, and thought leaders from around the globe, the event served as a platform for collaboration, exploration, and advancement in the Web3 landscape.As the premier gathering for Web3 enthusiasts, the W3WC event in Dubai showcased the latest developments, trends, and opportunities in decentralized technologies. With a focus on fostering dialogue, sharing insights, and forging connections, the event played a pivotal role in shaping the future of Web3.Pre-Event ExcitementBefore the main event, attendees were treated to an exclusive pre-reception…
One of Ethereum’s top whales has dumped seven thousand tokens, making over $16 million in profits. Ethereum’s price has seen very minute increases; Analysts expect bulls to take control back. Ethereum [ETH], the second-largest cryptocurrency in the world, continues struggling to regain its footing after a dramatic free-fall that sees investors holding on for dear life. But now, it would seem that the largest holders of the token are starting to give up. Recent data from Lookonchain showed that an Ethereum whale who bought the coin around a year ago is now selling it for profits. The whale withdrew 12,906…
