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A Chainlink exec said the oracles will improve GMX’s security by providing a more “strong degree of tamper-resistance when settling user trades.” Chainlink’s (LINK) low-latency oracles will integrate with the decentralized exchange (DEX) GMX following a successful governance proposal that sought to provide more “granular” real-time market data to GMX v2. Voting ended on April 25 at 12:00 am UTC, with over 96% of participating GMX tokenholders voting in favor of the proposal. The new Chainlink oracles — which were built with the input of GMX core contributors — were brought in to improve upon the functionality of perpetual DEXs and price-sensitive trading on GMX, the author of the proposal explained. The @GMX_IO community has officially approved a proposal to integrate Chainlink's new low-latency oracles as the launch partner in an on-chain vote with 96.28% approval. This integration will enhance both the security and UX of GMX's derivatives protocol.https://t.co/sh1tLDLtps ...

Shiba Inu has earned its place as a prominent meme coin. The meme coin has also entered the top 20 cryptocurrency list by market cap. The SHIB team has been quite consistent in terms of development. It is evident from the various initiatives from the meme coin team, including the Shiba Inu burn initiative. Also read: Shiba Inu: Could Shibarium Burn 500 Billion SHIB? The burn rate has earned quite a reputation for its inconsistent nature. The burn rate skyrockets on some days, whereas on other days it plummets. However, according to the latest data from Shibburn, the burn rate has spiked by 1,359% in the last 24 hours. This period witnessed over 13,139,734 SHIB being sent to dead wallets. 13.1 million SHIB sent to dead wallets Even though the burn rate has soared by 1359% , it is considerably low in terms of numbers. The burn rate had some good days, with over 830 million and even 1.5 billion SHIB being sent to dead wallets. In comparison, today’s burn rate is relati...

The recent volatility in the market has made it critical to predicting the price of Dogecoin. DOGE, the first-ever meme cryptocurrency, has garnered significant attention due to the active promotion of the asset by multibillionaire businessman Elon Musk. As an outcome of Musk’s actions, the price of DOGE has been significantly affected, with the asset’s value experiencing a notable increase due to the Tesla CEO’s most recent Twitter acquisition. Also read: Shiba Inu: How High Can SHIB Rise in 2023? The potential rise of Dogecoin in 2023 to reach $100 is a topic of interest for both crypto enthusiasts and investors. Let’s explore the world of Dogecoin and analyze the path towards achieving the $100 milestone. Can DOGE hit $100 in 10 years? When predicting the future price of cryptocurrencies, a range of factors must be considered. Historical data and trends are commonly used by some analysts, while others prefer technical Analysis and market sentiment to evaluate poten...

Join Our Telegram channel to stay up to date on breaking news coverage Cardano (ADA) has showed impressive growth in the past quarter, building on a strong performance and signaling continued expansion.  The seventh-largest cryptocurrency by market capitalization closed above a key psychological resistance zone last week, which may further strengthen bullish sentiment for the rest of the year.  Cardano’s (ADA) Ecosystem Growth and TVL Surge Drive Impressive Recovery and Momentum in Q1 2023 ADA has risen over 70% since hitting a low of $0.25 in December 2022, making it one of the top gainers among the top 10 coins by market cap this year. While the overall improvement in crypto market sentiment has contributed to Cardano’s impressive recovery, the network’s ecosystem has also experienced significant growth, making it increasingly appealing to large investors.  This activity surge will probably continue driving Cardano’s momentum in the c...

Agoric partners with Shadeswap an array of decentralized privacy-preserving applications that people can use for a range of financial purposes.  Agoric is a protocol devoted to empowering and securing DeFi via Javascript smart contracts. One of the first DeFi protocols ever built on Agoric is the Inter Protocol – a fully collateralized stable token platform that uses crypto collateral to mint out IST – “Inter Stable Token”, a USD-pegged stable token. IST will also be coming to ShadeSwap! With this partners hip, users will have the opportunity to  liquidity farm both SHD + BLD incentives.  Incentives go live April 19th, 2023. Incentivized pairs are as follows: SILK/IST SHD/BLD Due to the power of ShadeSwap routing, over 22+ assets will have access to swapping for IST – “Inter Stable Token” and BLD. It is important to note that SILK/IST is a  StableSwap  pair with efficient trading due to concentrated liquidity. Agoric – Deploying Secure DeF...

Ran Goldi, the vice president of payments at Fireblocks, believes that affordability and speed will keep big brands that have implemented crypto payments in the last two years. Hashing It Out Episode 16 explores one of the most popular use cases for crypto currencies: payment s. Elisha Owusu Akyaw is joined by Ran Goldi, vice president of Payments at Fireblocks, to explore the rapidly evolving world of crypto and payment s, the steps necessary for adoption, the role of stablecoins, and the hurdles — such as the collapse of crypto -friendly banks in the United States. The conversation begins with a discussion on the impact of the collapse of crypto -friendly banks in the United States. Goldi believes that the current banking issues in the U.S. are not helping with crypto adoption, especially with institutions. These issues shake the firms’ confidence in using Blockchain technology like stablecoins to move money globally, according to the vice president of Payments at Fireblocks. “We...

An earlier series of tweets sharing images of orange balls were the precursor to the announcement of a client for layer-2 solution Optimism. A series of cryptic tweets depicting orange balls were revealed to be building up hype for a new rollup client for Optimism (OP) called "Magi" from the crypto arm of venture capital firm Andreessen Horowitz (A16z). An April 19 Tweet from a16z engineer Noah Citron explained Magi is written in the programming language Rust and will “help improve the client diversity and resilience of the entire OP Stack ecosystem.” Introducing Magi , our brand new OP Stack rollup client written in Rust. We've been working on Magi to help improve the client diversity and resilience of the entire OP Stack ecosystem. Lets dive in. code: https://t.co/U8ER6v2SSe blog: https://t.co/A4Tx8iaVOh pic.twitter.com/S5hDbx5Q4R — ncitron.eth (@NoahCitron) April 19, 2023 The OP Stack refers to the set of software that powers the Ethereum layer-2 solution Optimism....

Join Our Telegram channel to stay up to date on breaking news coverage BTC has had an impressive rally of 80% this year, surpassing traditional assets such as the Nasdaq index. This upward trend comes after a 12-month downturn in which BTC prices dropped 76%, reaching their lowest point in November 2022. Vetle Lunde Predicts Bitcoin To Reach $45,000 in Coming Weeks Vetle Lunde, a senior analyst at K33 Research, thinks that the present pattern closely resembles the one observed during the bear market of 2018-19. Lune has made a comment saying “Bottoms in both cycles lasted for approximately 370 days. And the peak-to-trough return after 510 days of both cycles reached 60%,” Lunde said in a note sent to clients last week. “In 2018, the bear market rally topped 556 days after the 2017 peak, on June 29, 2019, with a 34% drawdown from the peak.” Lunde emphasizes that the history of the previous bear market cycle is unlikely to repeat in a similar fashion, bu...

In 2022, sales of non-fungible tokens (NFTs) experienced a general decline. However, the market experienced a surge of interest when news emerged about the launch of Donald Trump ’s NFTs. On December 15, 2022, Trump unveiled his first NFT collection, titled the “ Donald Trump Digital Card Collection,” which Features artistic representations of his life and career. The collection generated significant interest and quickly sold out the following day, resulting in an increase in the NFTs’ value from their initial price point of $99. To cash in on the popularity, Trump has launched the second series of his NFT collection. Also read: Gary Gensler Expresses Concerns of Crypto Realm in Recent Testimony JUST IN: Former President Donald Trump launches second series of his NFT collection. pic.twitter.com/V4SkDu5EDB — Watcher.Guru (@WatcherGuru) April 18, 2023 Donald Trump launches second series of NFT collection Even though Trump was indicted recently, his NFT game i...

While bitcoin’s effect on the environment has been discussed at length over the last two years, the latest trend of artificial intelligence (AI) software is now being criticized for its carbon footprint. According to several headlines and academic papers this year, AI consumes significant electricity and leverages copious amounts of water to cool data centers. Reports Insist AI and Chatgpt Consumes a Ton of Electricity and Water In recent times, environmentalists have aimed their targets at various technologies, and during the last 24 months, a great deal of focus has been directed at bitcoin mining. Now, the insatiable drive to reduce carbon footprints is aimed at the artificial intelligence (AI) trend that has taken the world by storm. There’s no doubt that AI has been extremely popular in 2023, with Openai’s Chatgpt program and others releasing innovative new software. However, several articles and scholarly papers claim that AI is consuming a massive amount of en...

As the last seven days have seen almost 2 billion Shiba Inu sent to dead addresses, 1.4 billion SHIB were burned by one whale in a single transfer. Moreover, Shibburn noted that the single transaction made up most of the 1.8 billion that was burned throughout the last week. Despite the burning from the mystery wallet, the vital burn rate has remained trending down. Conversely, the number of wallet addresses on Shibarium has reached an impressive milestone. Subsequently, showcasing the growth in utility for the Shiba Inu token HOURLY SHIB UPDATE$SHIB Price: $0.00001162 (1hr 0.07% ▲ | 24hr 0.99% ▲ ) Market Cap: $6,844,105,367 (0.86% ▲) Total Supply: 589,366,808,022,483 TOKENS BURNT Past 24Hrs: 31,026,192 (-86.69% ▼) Past 7 Days: 1,836,198,108 (-40.76% ▼) — Shibburn (@shibburn) April 17, 2023 Almost 2 Billion SHIB Burned in Past 7 Days When it comes to the Shiba Inu token, the burning of the meme coin is a massively important endeavor. Moreover, standing as a focal point...

Learn about the benefits of using Ganache for blockchain development, including a personal Ethereum blockchain network and a user-friendly interface. Programming languages like Solidity, which is used to build smart contracts on the Ethereum blockchain network, are frequently used in blockchain development. Ganache helps developers test and debug their applications before deploying them on a live blockchain network. Also, developers must be well-versed in blockchain technology, including its underlying architecture and concepts like consensus algorithms, cryptography and decentralized governance. This article will discuss what Ganache is, and how you can use it in decentralized application (DApp) development. What is Ganache in blockchain technology? Ganache is a software tool developers widely use to create a local blockchain network for testing and development purposes. Developers may effectively test different scenarios and troubleshoot their blockchain apps by simulating a blockch...

Join Our Telegram channel to stay up to date on breaking news coverage Tuesday’s complete hearing of the U.S. House Committee on Financial Services will feature SEC Chair Gary Gensler as the featured witness on the subject of “Oversight of the Securities and Exchange Commission.” The Subcommittee on Digital Assets, Financial Technology, and Inclusion will discuss a stablecoin law draft on Wednesday. After being accused by many for not doing anything to increase scrutiny of the sector, this bill comes as one the first major piece of crypto legislation to appear in 2023. It follows two major disasters that happened in the last 12 months, both involving stablecoins: the collapse of  the token TerraUSD (UST), which was backed by a coin called LUNA, and the second-largest one, USD coin (USDC), that de-pegged from the US dollar, albeit only temporarily. Gary Gensler, enemy of crypto Gary Gensler has long been recognized as one of the main enemies of the U.S. crypto...