Day: September 5, 2023

Ethereum could get its own Supreme court, says Matter Labs CEO

Matter Labs CEO Alex Gluchowski has proposed a hierarchical court system within the Ethereum network, mirroring real-world structures. In a Sept. 2 post on X (formerly known as Twitter), Gluchowski envisions an “Ethereum Supreme Court” that would function similarly to the US Supreme Court, serving as the ultimate adjudicator for disputes arising from smart contract issues. It would negate the necessity of involving traditional legal avenues or lawyers. Smart contract implementation risks remain the biggest unsolved problem of Defi. L2s are equally affected. Let me pitch an idea: L1 Fork…

Crypto is in ‘arms race’ against AI-powered scams: Quantstamp co-founder

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With the field of artificial intelligence evolving at near breakneck speed, scammers now have access to tools that can help them execute highly sophisticated attacks en masse, warns the co-founder of Web3 security firm Quantstamp. Speaking to Cointelegraph at Korea Blockchain Week, Quantstamp’s Richard Ma explained that while social engineering attacks have been around for some time, AI is helping hackers become “a lot more convincing” and increase the success rate of their attacks. To illustrate what the new generation of AI-powered attacks look like, Ma recalled what happened to one…

Analyst bullish on Watchvestor after successful PancakeSwap and Tezos calls

The analyst who correctly predicted PancakeSwap (CAKE) and Tezos (XTZ) rallies is now bullish on Watchvestor (WVTR). He believes the token will likely surge from $0.03 to new levels in upcoming sessions. PancakeSwap price outlook CAKE reached its all-time high on Apr. 30, 2021, at $43.96.   However, the token has retraced and is trading between $1.29 and $1.49, with resistance at $2.  The token has a market cap of $274,283,014 and a trading volume of $16,267,067. Last year, CAKE crashed 68.8%, but traders are optimistic about its prospects. If the…

Solana YTD inflows suggest it’s the ‘most loved altcoin’ — CoinShares

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Solana (SOL) investment products clocked $26 million worth of inflows since the start of 2023, outpacing all other altcoins, including Ether (ETH), suggesting it’s the “most loved altcoin amongst investors” according to CoinShares. In a Sept. 4 Digital Asset Fund Flows weekly report, CoinShares’ head of research, James Butterfill, noted that trading volumes for crypto investment products for the week ending Sept. 1 were 90% above the year-to-date average — with crypto product outflows dropping to $11.2 million. It marks a seven-week run of negative sentiment that’s seen $342 million leave crypto…

Expert Forecasts Monumental Surge, Ignoring $25,800 Standstill

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Renowned crypto expert and market analyst, Doctor Profit, has made bold predictions around Bitcoin (BTC), asserting that the cryptocurrency is poised for a significant bullish rally in the coming months.  Despite recent market uncertainties, Doctor Profit remains confident in BTC’s long-term potential, emphasizing the importance of zooming out and considering broader market trends.  Bitcoin Surge To $90,000? Bitcoin is currently trading at $25,800, displaying a stagnant pattern within a narrow range of $25,700 to $26,200. The cryptocurrency’s recent attempt to consolidate above $27,000 and surpass its strongest resistance at $28,000 proved…

Crypto insiders focusing on Monero, Aave, and Everlodge

In the diverse crypto world, insiders are examining Monero (XMR), Aave (AAVE), and Everlodge (ELDG). This article explores their unique qualities and why they are under consideration. Summary Bitmain releases the first professional Monero miner, Antminer X5 Aave adds support for yield-bearing DAI as collateral  Everlodge is growing in the ongoing presale  Monero: privacy at the forefront Monero is a crypto platform that prioritizes privacy. Its transactions are designed to be untraceable, safeguarding the confidentiality of user identities and transaction details. This feature distinguishes Monero in a landscape where privacy…

Why The Shiba Inu Price Cannot Realistically Get To $0.001

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In the last crypto bull market spanning from 2020-2021, the price of Shiba Inu ran as high as $0.00008. Due to the high euphoria at the time, expectations rose rapidly around the meme coin, leading to calls for SHIB at $0.001. However, this target remains as unrealistic today as it was back then and this report dives into the reason why. Not Enough Of SHIB Supply Is Being Burned The Shiba Inu community officially kicked off its burning initiative back in 2022 which SHIB tokens being sent to dead addresses…