The DFINITY Foundation, a Swiss-based, non-profit group that significantly supports the development of the Internet Computer blockchain, unveiled the Olympus Acceleration Platform. In a recent announcement, Olympus is identified as the initial decentralized, on-chain web3 accelerator, as stated in a press release. DFINITY describes it as a trailblazing platform, intended for teams globally to manage … Read more
In 2023, crypto supporters and investors experienced an exciting year with many blockchain-backed coins and tokens bouncing back after the previous crypto market downturn caused by various exchange and banking failures. Brad Garlinghouse, the head of Ripple, anticipates an expedited market recovery with a capitalization surpassing previous records, possibly exceeding $5 billion. He attributed this … Read more
DOGE’s volume indicators disagree about the demand behind the memecoin The long-term bias was strongly bullish based on the price action Dogecoin‘s price surpassed the previous resistance level of $0.18, reaching a new peak at $0.2288. However, large investors or “whales” had sold off large amounts of DOGE earlier, making the price recovery an uphill … Read more
In simpler terms, the amount of money invested in fintech businesses globally decreased by 16% from the last quarter of 2023 to the first quarter of 2024, reaching a seven-year low. Surprisingly, there was an 11% increase in funding for ventures as a whole during this period. CB Insights, an analytics company, published their Q1 … Read more
Economic uncertainties drive investors to Bitcoin amid rising debt and geopolitical tensions. Experts highlight Bitcoin’s resilience and potential as a hedge against market volatility. In the face of conflicting economic indicators, there continues to be intense discussion: Is the economy thriving or struggling? Although employment figures have enhanced and inflation has decreased, mounting debts and … Read more
Circle, the company behind the stablecoin US Dollar Coin (USDC), has broadened its reach to include zkSync, an Ethereum zero-knowledge layer-2 solution. In simpler terms, Circle now supports using USDC on zkSync’s Ethereum network, which is a scalability solution that enhances privacy and efficiency. Circle announced on April 9 that numerous prominent ecosystem apps and … Read more