The broader impact of proof singularity extends beyond individual blockchain networks, as it paves the way for a more interconnected and scalable Web3 ecosystem. As ZK proofs become faster and more efficient, cross-chain communication and interoperability can be greatly improved, enabling seamless, secure interactions between various blockchain protocols. This could lead to a paradigm shift where data privacy and security are inherently built into the infrastructure, fostering trust and compliance in industries that require rigorous data protection standards, such as healthcare, finance, and supply chain management. Source
Month: September 2024
Babydoge Price Prediction | Is Babydoge a Good Investment?
The Babydoge meme coin has gained popularity in 2024, piggybacking off the success of Dogecoin and offering even faster transaction speeds and lower fees. Of course, while utility is important, a meme coin’s success and price action is largely based off of social media presence and the strength of the community. Let’s take a look at some factors in that price action and make a Babydoge price prediction for 2024 and beyond (BABYDOGE). What is Babydoge? Babydoge is a dog-themed meme cryptocurrency inspired by Dogecoin (DOGE). Unlike DOGE, however, BABYDOGE…
Bitcoin’s Computational Power Falls 9.95% After Record Hashrate
Recent metrics reveal that after Bitcoin’s network hashrate reached an all-time high of 693 exahash per second (EH/s) and saw a 3.58% difficulty increase, its computational power decreased this week. In the nine days since this peak, the hashrate has fallen by 9.95%. Bitcoin Miners Confront Economic Hurdles as Bitcoin Hashrate Dips Bitcoin miners are […] Original
First Mover Americas: Bitcoin Drops Below $60K Ahead of Expected Fed Rate Cut
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Original
Shiba Inu Eyes Explosive 430% Climb As Momentum Builds —Analyst
Analysts have taken notice of Shiba Inu (SHIB) recently, which sees an unusual strength even when the greater crypto market gets into chaos. Optimism for the massive upswing in price came after a recent breakout from a falling wedge pattern. This technical development could be a sign of a downtrend turning into a bull’s market and could see a heavy price rise. Technical Analysis Signals Potential Upsurge On 20 August, Shiba Inu came out of a falling wedge pattern–a sign that bearish momentum was dwindling. According to crypto analyst Javon…
Borderless Capital Introduces $100M DePIN Fund Backed by Peaq, Solana Foundation
“DePIN will become the global standard for deploying physical infrastructure, coordinating human resources, and generating billions in passive income while at the same time providing easy access and lower cost for the users,” Álvaro Gracia, partner at Borderless Capital, said. Source
TrueX, a Non-Custodial Stablecoin-Focused Exchange, Is Unveiled by 2 Former Coinbase (COIN) Executives
The exchange, founded by Vishal Gupta, former head of markets at Coinbase, and Patrick McCreary, a former software engineer at the Nasdaq-listed crypto exchange, is the flagship product of True Markets, according to an announcement shared with CoinDesk. Source
Fintech Giant Revolut Said to Be Planning Stablecoin
Crypto-friendly Revolut is said to be quite far along in creating its own stablecoin, according to two people familiar with the plan. Source
We’re in the middle of the bull cycle
Ki Young Ju, CEO of the blockchain analytics platform CryptoQuant, believes the crypto market is still “in the middle of the bull cycle.” According to Young Ju’s X post, self-custodial Bitcoin (BTC) wallets have been accumulating over the past week. He added that long-term holder whale addresses are showing increased interest. Whales are accumulating #Bitcoin. Six days of accumulation alerts in a row. Primarily from custody wallet inflows. Nothing has changed for Bitcoin; we’re in the middle of the bull cycle. pic.twitter.com/DE0A1Khhus — Ki Young Ju (@ki_young_ju) September 18, 2024…
Bitget, Foresight Ventures Venture Deeper Into TON Ecosystem With $30M Deal
“The investment is between Bitget, Foresight Ventures, and Toncoin holders. The TON Foundation is not involved in the deal. As TON foundation is actively supporting development and user adoption of the TON ecosystems, we will closely work with TON Foundation to boost the TON ecosystem,” a spokesperson confirmed to CoinDesk by email. “All TON tokens acquired have a lock-up period and will be gradually released according to the vesting scheme to ensure that all parties are committed to the TON ecosystem for the long term.” Source