The startup building Pipe Network, Permissionless Labs, is focusing on one of the unseen but ubiquitous pieces of the modern internet. Many websites cannot afford to let their content lag as it zips long distances from hosting server to end-user. So they rely on networks of relay servers that can be called upon by the end-users to which they’re geographically close. Source
Month: September 2024
El Salvador President Nayib Bukele to Present Debt-Free Budget for 2025
“I announce that this September 30 we will present before the Legislative Assembly for the first time in decades the first fully financed budget, without the need to take a single cent of debt for current spending,” said Bukele on Sunday, during the commemoration of the 203 years of El Salvador’s independence. “El Salvador will no longer spend more than it produces annually,” he continued. “We will not even lend money to pay the interest on the debts that we inherited, we will even pay that from our own production.”…
BitGo Unveils Token Management Service for Crypto Foundations
“When it comes to managing their tokens, these firms encounter a fragmented landscape,” Chen said in an interview. “It’s a mix of non-custodial wallets, web-only solutions, with the need to use a smart contract for distribution. So if I’m the head of operations for some new token protocol, I’ve got to strike up at least two different relationships, manage two to three different integration points, all the while trying to have a successful mainnet launch. It’s a tactical nightmare.” Source
Ethereum price drops to a 41-month low against Bitcoin
Ethereum continued its freefall against Bitcoin, falling to its lowest level since April 2021. It has dropped by over 55% from its highest point in 2021. Ether’s sell-off is accelerating Ethereum (ETH) was trading at 0.039 BTC, down by 24% this year and by 35% from the year-to-date high. It has also dropped against other cryptocurrencies like Solana (SOL), Binance Coin (BNB), and Tron (TRX). The same has occurred in US dollar terms, with the coin dropping for four consecutive months, now trading near $2,300 which is its lowest point since…
Bitcoin Price (BTC) Fell 2.5% While Ether Price (ETH) Dropped 4.9%
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Bitcoin On Track For $92,000 ‘Bounce’ In 3 Months: Analyst
Este artículo también está disponible en español. Bitcoin (BTC) appears to be bouncing off its summer slumber, say analysts who believe the asset could rebound in the coming months. Recent technical indications and charts suggest that BTC could be on the cusp of a significant price move. The cryptocurrency is geared for a bounce that could take the asset far beyond $92,000, despite recent losses. Related Reading Short-Term Projection Bitcoin’s immediate technical projection points to a possibly positive trend. Right now, Bitcoin is selling 39.27% below its projected price for…
Bitcoin docking layer exSat gains support from OKX
OKX has joined the exSat network as a key validator node to help enhance Bitcoin’s scalability and interoperability. Cryptocurrency exchange OKX announced in a Sept. 16 press release that it has joined the exSat Network as a validator node. The partnership is expected to improve Bitcoin’s scalability and interoperability by leveraging exSat’s data consensus extension protocol, a hybrid mechanism that combines proof-of-work and proof-of-stake. The exSat Network is designed to bridge Bitcoin’s mainnet with various layer-2 scaling solutions, addressing challenges related to transaction speed and data consensus. By participating as…
EOS-incubated Bitcoin docking layer exSat gains support from OKX
OKX has joined the exSat network as a key validator node to help enhance Bitcoin’s scalability and interoperability. Cryptocurrency exchange OKX announced in a Sept. 16 press release that it has joined the exSat Network as a validator node. The partnership is expected to improve Bitcoin’s scalability and interoperability by leveraging exSat’s data consensus extension protocol, a hybrid mechanism that combines proof-of-work and proof-of-stake. The exSat Network, rolled out by EOS Network in April, is designed to bridge Bitcoin’s mainnet with various layer-2 scaling solutions, addressing challenges related to transaction…
First Neiro on Ethereum, Related to Dogecoin, Rockets 700% on Binance Spot Listing
NEIRO tokens jumped over 700% instantly after the Binance announcement, before paring gains, zooming from a market capitalization of $146 million from Sunday’s $15 million. Trading volumes jumped from $8 million in a 24-hour-period over Saturday to Sunday, to over $220 million in the past 24 hours. Source
U.S. Sen. Elizabeth Warren’s Pro-Crypto Opponent, John Deaton, Has a Plan to Beat Her
Defeating U.S. Sen. Elizabeth Warren (D-Mass.), a national hero in progressive circles, seems a stretch for a relatively little-known Republican in the liberal bastion of Massachusetts. But candidate John Deaton, known among crypto fans for his legal advocacy, says it can be done by leveraging the concerns of people in that state. Source