Day: July 9, 2022

Deconstructing sidechains — The future of Web3 scalability

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By far, the innovation with the most impact in the Web3 world this year is the sidechain. The highest-volume blockchain providers in the world — Binance, Polygon, Ankr and Avalanche — have all recently released sidechain functionality. They are investing hundreds of millions into these new implementations — and with good reason. Sidechains are the most likely multichain solution to crypto’s scalability problem. Multiple projects have failed or stalled once they hit a certain level of traffic. Ethereum gas fees are notoriously expensive, while Solana is continually congested to the…

New Lawsuit Claims Solana Is Unregistered Security — ‘Investors Have Suffered Enormous Losses’ – Altcoins Bitcoin News

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A class-action lawsuit has been filed claiming that cryptocurrency solana (SOL) is an unregistered security under the Howey test. “The specific facts and circumstances relating to SOL securities support the conclusion that SOL is a security under the Howey test,” the plaintiff argued. Solana Is a Security, Lawsuit Claims A lawsuit, filed on July 1 in the U.S. District Court for the Northern District of California, claims that cryptocurrency solana (SOL) is an unregistered security. Lead plaintiff Mark Young, a California resident and SOL investor, is suing on behalf of…

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Bitcoin Signals Short Term Bullishness, Move Towards $24K Next?

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Bitcoin has witnessed a massive plunge from the $30,000 level to $20,000 in the month of June. Price of Bitcoin has been witnessing movement within a range of $20,000 and $21,000 respectively. The short term technical outlook of the coin has been pointing towards bullishness. It is however too soon to term the upward price direction as a relief rally. If BTC manages to remain afloat above the $21,000 price mark, the coin can target the next price barrier. Buyers have shown optimism on the chart and as a result, price…

El Salvador Loses Its Crypto Investment As Bitcoin Shares Fall

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Last year, El Salvador declared cryptocurrency legal tender alongside the U.S. dollar, however, concern grows as the value of Bitcoin plummets. NBC News’ George Solis reports on how the country’s leaders say they are not worried about the possibility of the nation defaulting. Tune into Top Story with Tom Llamas weekdays at 7 p.m. on NBC News NOW. Top Story Playlist: NBC News NOW is an online streaming network from NBC News where users can find the latest stories and breaking news…

Tesla CEO Elon Musk Officially Terminates $44 Billion Twitter Deal — Twitter Threatens Lawsuit – Bitcoin News

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Tesla CEO Elon Musk has formally informed Twitter that he is terminating his $44 billion bid to buy the social media platform. “Twitter is in material breach of multiple provisions” of the agreement, Musk’s lawyer explained. Musk Ending Deal With Twitter Citing ‘Material Breach of Multiple Provisions’ Tesla and Spacex CEO Elon Musk’s lawyer sent a letter to Twitter Inc. Friday regarding Musk’s offer to buy the social media platform. The letter, filed with the U.S. Securities and Exchange Commission (SEC), states: Mr. Musk is terminating the merger agreement because…

Bitcoin Drops Below $22,000, Is Peter Brandt’s Analysis Still In Play?

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There are a lot of bitcoin forecasts that are circulating around the crypto space. However, pinpointing the correct level that the digital asset will fall into has been one of the hardest tasks. Nevertheless, the analysis can often try to tell what will happen next for the digital asset due to market movements and one of those analyses has been put forward by Peter Brandt, a notable name in the crypto space. Brandt Says Brace For Downtrend In a recent tweet, the market analyst and trader had posted a chart…