Day: October 27, 2024

EOS Network Unveils Spring 1.0 and Savanna: A Leap in Blockchain Consensus

James Ding Oct 27, 2024 11:02 The EOS Network Foundation has introduced Spring 1.0 and the Savanna consensus algorithm, promising advancements in finality, scalability, and security for the EOS blockchain. In a recent development, the EOS Network Foundation has launched the Spring 1.0 release, alongside the new Savanna consensus algorithm. This release marks a significant advancement for the EOS blockchain, aiming to address previous limitations and enhance performance, according to eosnetwork.com. Introduction and Background Spring 1.0, released on September 25, 2024, represents…

FINRA Warns Member Firms of Metaverse Adoption Challenges

The Financial Industry Regulatory Authority has released a report highlighting the potential benefits and risks of the metaverse for the securities industry. The report emphasizes the importance of addressing challenges identified to ensure the responsible and ethical development of metaverse applications. Firms Must Weigh Challenges in Metaverse Adoption While the metaverse is said to provide […] Source CryptoX Portal

Arkham Expands Support to Solana (SOL) Blockchain

Iris Coleman Oct 27, 2024 10:07 Arkham Intelligence now offers comprehensive on-chain data services for Solana (SOL), enhancing capabilities for users to track and analyze blockchain activity. Arkham Integrates Solana Blockchain Data Arkham Intelligence has announced the integration of Solana (SOL) blockchain data into its platform, expanding its suite of on-chain analytics tools. This development allows Solana users to leverage Arkham’s features for tracking and analyzing blockchain activities, according to Arkham Intelligence. Enhanced Tracking and Analysis Tools With this integration, users can…

What It Means And — Is It Time To Buy?

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Este artículo también está disponible en español. Toncoin, which is one of the best-performing cryptocurrencies in 2024, has also been affected in recent months by the widespread bearish climate of the market. The price of the altcoin seems to be recovering nicely after suffering an abrupt decline on Friday, October 26.  As of this writing, the value of Toncoin stands around $4.92, reflecting an almost 3% upswing in the past day. However, this single-day action has had minimal impact on the token’s performance on the weekly timeframe. According to data…

NFT sales drop to $89m, Solana overtakes Bitcoin for 2nd place

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The non-fungible token sales volume over the last week has dropped by 7%, and stands at $89.1 million. The crypto market, exhibiting signs of recovery, has taken a U-turn. According to the latest data, the global crypto market cap has dropped by over 2% in the last 24 hours. In comparison to last week’s $93 million NFT sales volume, this week has witnessed a modest 7% drop in sales: NFT sales volume plunged to $89 million. The Ethereum (ETH) network retains its first ranking in terms of volume. Solana dethrones…

Qatar Tech Firm Launches Platform for Tokenized Islamic Finance Contracts

Blade Labs, a Qatari tech company, has launched a platform for tokenizing Murabaha contracts, a type of Islamic finance. This innovation allows for broader access to Sharia-compliant financing, both for financial and non-financial institutions. Tokenized Sharia-Compliant Contracts Blade Labs, the Qatar-based tech company focused on blockchain and Web3, recently unveiled a platform for tokenized Islamic […] Source CryptoX Portal

Exploring Local Fee Markets and Blockchain Transaction Mechanisms

Zach Anderson Oct 27, 2024 08:35 a16z crypto discusses local fee markets in blockchain, focusing on transaction execution mechanisms, optimal pricing, and capacity allocation in parallel execution systems. Understanding Local Fee Markets in Blockchain In a recent presentation by a16z crypto, the concept of local fee markets in blockchain systems was thoroughly examined. The focus was on transaction execution mechanisms (TEMs), which are pivotal for efficient resource allocation across multiple parallel execution queues. This discussion is particularly relevant as blockchain technology evolves…

Solana Bullish Pattern Holds – Crypto Analyst Sets $202 Target

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Solana is showing strength as it pushes above the critical $171 level—a price that previously acted as supply and now serves as a solid demand zone. This level is relevant for bulls, as holding above could pave the way for a rally in the coming weeks. Crypto analyst and investor Carl Runefelt recently shared a technical analysis indicating that Solana’s current price action remains bullish as long as it sustains support above this mark.  Related Reading Solana’s ability to turn former resistance into a support base reflects increased demand, which…

Bitcoin UTXO Surpasses COVID 2020 Levels To New ATH

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Este artículo también está disponible en español. Bitcoin’s consolidation below $68,000 extended throughout this week, with bulls holding steady above the $66,000 support level. Although the cryptocurrency hasn’t seen a significant push to the upside, its ability to avoid a deeper correction means that Bitcoin remains on track to end October on a bullish note. Related Reading In support of this outlook, a crypto analyst has highlighted an emerging trend in Bitcoin’s UTXO metric, which suggests a looming breakout in the crypto’s price. UTXO In Loss Reaches Highest Point Ever…