Month: August 2023

Stellar joins Bytecode Alliance to help develop EVM alternative Wasm

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The Stellar Development Foundation has joined the Bytecode Alliance, an industry group promoting the development of WebAssembly (Wasm), according to an Aug. 21 announcement. Wasm is a competitor to the Ethereum Virtual Machine (EVM) used by the Ethereum ecosystem. It is also used in non-blockchain, browser-based applications. We are officially members of @bytecodeallies! Our goal? To shape the future and development of WebAssembly for blockchain developers. Time to get to work https://t.co/MBLkWoNlDl — Stellar (@StellarOrg) August 21, 2023 EVM is a virtual machine or computation engine used to execute smart…

Gunning For $0.00001 After Shibarium Snag

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Shiba Inu (SHIB) has recently witnessed a tumultuous journey marked by a sharp reversal from its peak at $0.00001136.  This reversal, known as a V-top, has raised significant concerns within the crypto community and the trading floors. But what exactly does this term mean, and what implications does it hold for SHIB investors and enthusiasts? A V-top reversal is a distinctive price pattern observed in technical analysis. It occurs when a cryptocurrency’s value experiences a rapid ascent to a peak, followed by an equally swift decline.   In SHIB’s case, this…

First Republican presidential debate to feature pro-crypto candidates

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Candidates for the Republican nomination for the 2024 United States presidential election who have publicly expressed their support or disdain for certain crypto-related policies will be meeting for a debate for the first time. At the time of publication, eight presidential candidates with the Republican Party are expected to appear in Milwaukee on Aug. 23 in the party’s first debate ahead of the 2024 election season. Former U.S. Presidential Donald Trump, the party frontrunner currently facing multiple criminal indictments related to his alleged role in attempting to overturn the results…

BlackRock has more to lose from a BTC price crash pre-Bitcoin ETF

Numerous theories emerge whenever the price of Bitcoin (BTC) takes a sudden and steep drop. The usual suspects include government regulations, the possibility of exchanges manipulating prices, Bitcoin whales manipulating prices, over-leveraged traders, and some conspiracies involving Tether (USDT). SEC kicks Bitcoin ETF can down the road Between Aug. 15 and Aug. 18, Bitcoin’s price experienced a significant 12% decline. This occurrence followed a familiar pattern, prompting a variety of reasons put forth by analysts and experts. Unfortunately, due to the decentralized nature of cryptocurrencies and the lack of transparency…

Balancer V2 Pools Under Threat, LP Users In Race Against Time To Withdraw Funds

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Balancer, a decentralized finance (DeFi) protocol operating on the Ethereum blockchain, has recently disclosed a critical vulnerability impacting several of their V2 Pools.  While emergency measures have been implemented successfully to safeguard a significant portion of Total Value Locked (TVL), a portion of funds remains at risk.  As a precautionary measure, Balancer Labs advises users to withdraw their affected Liquidity Provider (LP) funds without delay. It is important to note that, at present, no funds have been lost, and the vulnerability has not been exploited. Balancer Discovers Critical Vulnerability According to…

Finst Becomes First Dutch Cryptocurrency Platform To Release an Extensive Proof of Reserves

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August 22, 2023 – Amsterdam, Netherlands Amsterdam-based cryptocurrency exchange Finst announces the successful release of its PoR (proof of reserves) conducted by a reputable and independent audit firm. Finst’s extensive PoR audit is a first-of-its-kind, aiming to address the limitations of traditional PoR and set higher transparency standards in the crypto industry. The audit, which will be renewed at least every six months, confirmed that Finst holds its clients’ assets on a full reserve basis – 1:1 – and has implemented an effective segregation of assets. As a crypto investor,…

Meet Botto, the AI-Artist That Mints Its Own NFTs

Everybody who’s part of the DAO has to start thinking like an artist. They have to make the same kind of decisions such as, “Do I prefer something that is palatable, which is nice to look at, and probably sells? Or do we go for something more edgy that is hard, and maybe not everybody will like?” And every week, that decision changes again. There’s always a mixture between typical, let’s say, Midjourney-style stuff, which is nice, and then a few which are crazy, and of course I like the…

Bitcoin analyst eyes ‘V-shape’ BTC price bounce as RSI hits 5-year low

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Bitcoin (BTC) stayed stubbornly anti-trend on Aug. 22 as $26,000 became a magnet for intraday BTC price action. BTC/USD 1-hour chart. Source: TradingView BTC price “death chop” returns Data from Cointelegraph Markets Pro and TradingView tracked a third day of sideways performance for BTC/USD. Despite being heavily oversold, according to relative strength index (RSI) readings, Bitcoin refused to offer any form of recovery bounce from levels last seen two months prior. Market participants were restless, with popular trader Jelle referring to intraday movements as the “death chop.” “At this stage…

Shiba Inu Community Leaves Shibarium Launch Troubles Behind As Wallet Count Crossed 10 Million

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Shibarium, the scaling solution from the Shiba Inu team, has achieved new milestones after experiencing a significant wave of adoption and user engagement following its launch.  SHIB Community Euphoria Sparks Shibarium Meteoric Rise According to a report on August 21, the Shiba Inu ecosystem recorded an astonishing number of new wallets, with over 10 million wallets registered following the launch of the Shibarium network. The layer-2 network also recorded over 160 million compute units and a large deposit of ETH and BONE tokens, 1,000 and 600,000 respectively.  Shibarium’s unexpected rise…