Author: Yeek.io

Quick take: More than 40 investment firms participated in the token sale. The company is overhauling its blockchain to lower transaction fees whilst making it easier to run validators on the network. Avalanche also launched a $40 million grant program for developers building on its network. Avalanche has closed a $250 million token sale led by Galaxy Digital, Dragonfly and ParaFi Capital. The fundraising follows the layer-1 blockchain’s recent upgrade which saw it launch Avalanche9000 on testnet. According to the announcement, more than 40 investment companies participated in the token sale, which seeks to support the company’s latest upgrade. Other…

contributor Posted: December 13, 2024 Algorand has surged by 12. 52% over the past day after a weekly decline. Algo’s bullish crossover confirms a potential trend reversal.  ALGO has surged by 12.52% over the past 24 hours. Algorand’s bullish crossover amidst surging while activity signals a potential sustained uptrend. Over the past month, Algorand [ALGO] has surged on its price charts, gaining 186%. However, on weekly charts, the altcoin experienced a market correction, hitting a low of $0.35. Consequently, the altcoin has declined by 4.26% on weekly charts after this pullback. Moreover, the last 24 hours have seen a significant…

The Vancouver City Council approved a motion to explore integrating Bitcoin into its financial operations. The measure, introduced by Mayor Ken Sim and passed at the December 11, 2024 Standing Committee meeting, directs staff to investigate accepting BTC for city taxes and fees and the feasibility of incorporating it into the city’s financial reserves. The motion secured support from six councilors, while two opposed and three were absent. The decision represents only the initial step toward assessing Bitcoin’s potential role in safeguarding the City of Vancouver’s purchasing power. Next Bitcoin City? Mayor Ken Sim emphasized that the initiative is exploratory…

Este artículo también está disponible en español. Solana (SOL) has faced a 23% retrace after hitting new all-time highs at $264, testing the resilience of bullish momentum. Despite this pullback, SOL’s price structure remains strong, with the token holding firmly above a critical demand zone. This consolidation phase indicates the market is gearing up for another potential breakout as bullish sentiment persists. Related Reading Renowned crypto analyst and investor Jelle recently shared a technical analysis on X, expressing optimism about Solana’s future price trajectory. According to Jelle, the retrace is a healthy correction that allows SOL to build the strength…

Community & educationDeFi Security SummitSummit in Paris, France covering all angles of DeFi security including auditing, tooling, and bug mitigation, by exploring some of the biggest DeFi exploits and diving into practical ways to increase security coverage for code.Community & educationDWeb Camp & Global Fellows ProgramInternet ArchiveFive-day event with the purpose of tackling real-world challenges facing web3 and co-creating decentralized technologies of the future.Community & educationETHBarcelonaConference and hackathon in Barcelona, Spain covering topics such as public goods, privacy, and scalability.Community & educationETH BelgradeConference and hackathon in Belgrade, Serbia covering topics such as zero knowledge (ZK), infrastructure, and scaling.Community & educationEthereum…

The ConsenSys Web3 Survey gives us a closer look at how people around the world are getting involved with NFTs, blockchain, and other web3 technologies. This is the second global opinion survey by ConsenSys and YouGov, gathering extensive responses from more than 18,000 people across 18 countries, including nations in Africa, Asia, Europe, and the Americas. The survey highlights that while more people are exploring Web3 activities like collecting NFTs, using crypto wallets, and playing blockchain-based games, many still don’t fully understand these technologies. It also shows that issues like data privacy and security remain big concerns. ConsenSys Web3 Survey:…

Homepage > News > Business > Why is my washing machine using 3.6GB of data per day? While browsing X recently, I came across a startling post in which a poster, @Johnie, realized his LG washing machine had used 3.6GB of data in a single day. Since the average HD movie uses between 2GB and 4GB of data, I was curious: What is a washing machine doing that would require this much data usage? After reading a few funny suggestions in the comments about hackers using the washing machine to mine BTC on the sly, I realized that the Internet of…

Sonic SVM, the first Solana Layer-2 (L2) solution, is making waves with a groundbreaking token airdrop for users who delegate their SOL or Liquid Staking Tokens (LSTs) to Sonic’s Actively Validated Service (AVS) via Solayer. This airdrop, set to happen ahead of Sonic’s Token Generation Event (TGE) in Q1 2025, marks a unique opportunity for Solayer users to share in Sonic’s success as the platform grows.Sonic will distribute a portion of its upcoming token supply to active participants, including those who use Solayer and protocols built on it, like Adrastea—a restaking protocol that also supports Sonic AVS. A snapshot will be taken…

GOAT recorded a strong bullish bounceback after retesting the major support zone on the charts Almost $1 million in leveraged GOAT orders risk liquidation at $0.866 Goatseus Maximus (GOAT) seemed to be on its way back above $1 as it surged by more than 31% in the last 24 hours, at the time of writing. Its daily trading volume hit $390M too following a 7% hike – A negligible percentage when compared to the aforementioned price change. Source: CoinGecko On the charts, GOAT/USDT saw a downtrend but found a support zone around the $0.46 zone. This demand zone sparked a…

2023 was a big year for new blockchains. With the launch of zkSync Era, Polygon zkEVM, Celestia, Zora, Starknet, Linea, Scroll, Base’s Onchain Summer, and Solana’s resurgence — users and builders alike have been overwhelmed with more ways to transact and build. For new Layer 1s and Layer 2s, there is increasing competition to acquire users. This means teams need to evolve their strategies for reaching (and retaining) new audiences. At the same time, users are increasingly paying to use an array of different chains. Unlocking New Chains with Layer3 We believe in a multichain future and are making interoperability…