Day: August 4, 2023

Shiba Inu Poised To Reach $0.01 With Shibarium Upgrade: CEOs

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Shiba Inu (SHIB) is experiencing a remarkable surge in its upward movement, fueled by growing anticipation among meme coin enthusiasts for the upcoming introduction of Shibarium, an innovative upgrade to its layer 2 blockchain.  Scheduled for release this August, Shibarium holds the key to addressing the prevailing scalability and network congestion issues that the Shiba Inu blockchain currently grapples with. Its primary objective is to propel the SHIB token to unprecedented success. While investors in Shiba Inu eagerly anticipate this significant milestone, a group of financial specialists has recently been…

Worldcoin plans to open-source design of iris-scanning orbs 

Worldcoin is exploring a decentralized and incentivized approach to manufacturing its iris-scanning orbs, similar to Bitcoin mining, its co-founder, Alex Blania, has revealed. While the move could be a means of earning WLD, the native token of the Worldcoin platform, there are doubts. For instance, experts caution about the potential risks, particularly the threat of counterfeit devices compromising biometric data security.  Even so, Worldcoin’s larger strategy is to move towards total decentralization in the upcoming year. Despite initial challenges, the organization is ready to produce an unlimited quantity of these devices. …

Matter Labs CEO vehemently denies copy-pasting code from Polygon Zero

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Alex Gluchowski, the co-founder and CEO of zkSync creator Matter Labs, has denied copy-pasting code from Polygon Zero, after the zero-knowledge scaling firm accused them of copying the code from their system without proper attribution.  On Aug. 3, Polygon Zero published a long blog post saying they believe Matter Labs copied what they described as “performance-critical components” of their zero-knowledge system called “Plonky2.” The code was seen on Matter Labs’ recently-released proving system dubbed “Boojum,” without attributing the code’s original authors, according to Polygon Zero. The zk-scaling company said that…

Canadian crypto ownership declined amid tight regulations, falling prices

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The Bank of Canada (BOC) reported a decline in the ownership of Bitcoin (BTC) and cryptocurrencies in the country last year as neither market conditions nor regulations sided in the favor of Canadian crypto investors, according to a BOC study published last week. The annual Bitcoin Omnibus Survey (BTCOS) conducted by the Canadian central bank showed a relapse from the massive crypto adoption witnessed in 2021. Bitcoin awareness and ownership in Canada, 2016 to 2022. Source: Bank of Canada The above graph shows that — halfway into 2022 — Bitcoin…

BTC price upside ‘yet to come’ at $29K after Bitcoin RSI reset — trader

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Bitcoin (BTC) has not yet seen the majority of its gains this cycle, one popular trader believes. In a tweet on Aug. 3, Credible Crypto doubled down on his bullish BTC price thesis. Credible Crypto: Bitcoin still to see “biggest upside moves” After over a month of acting within a tight trading range, traders’ patience with Bitcoin is wearing thin. Amid expectations that BTC price will test levels closer to $25,000 or even lower, Credible Crypto is one of those arguing the opposite. Analyzing data including Bitcoin market cap dominance…

MKR to retest $1,300, DigiToads presale bullish

Maker is bullish, pointing to its role and potential in decentralized finance (defi). Approving the Enhanced DAI Savings Rate (EDSR) proposal could further incentivize DAI holders and increase demand for the stablecoin, subsequently driving MKR to new highs.  Based on on-chain data, it has been observed that some large wallets are accumulating MKR, possibly in response to Maker’s shift from a buy-and-burn model to a Smart Burn Engine.  Accordingly, there is hope that MKR could break above $1,300. While technical analysis points to bulls, a cool-off may see MKR retest $1,000. As…

Bitcoin Breakout Or Breakdown? Ark Invest Shares Prediction

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David Puell, an on-chain researcher at Ark Invest, today shared his insights in a detailed report, offering a nuanced perspective on Bitcoin’s current standing and future prospects. The report, titled “The Bitcoin Monthly: July 2023,” addresses several key topics that are central to understanding the current state of Bitcoin. These topics include a comprehensive market summary, an analysis of Bitcoin’s low volatility and whether it indicates a potential breakdown or breakout, as well as a discussion on the impact of the Federal Reserve’s tightening policy as a leading indicator of…

Curve’s founder sells 7.5 million CRV, settles $3 million debt on Aave

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Michael Egorov, the founder of Curve, has sold an additional 7.5 million CRV via an over-the-counter (OTC) transaction and paid a $3 million debt in USDT on Aave, a decentralized lending platform on Ethereum. CRV is the native token of Curve, the stablecoin decentralized exchange. Egorov still owes $82.6 million, spread across different platforms: $51.24 million in USDT on Aave, $12 million in MIM on Abracadabra, 9.19 million in FRAX on Fraxlend, $9.4 million in DOLA…