OKX, one of the leading cryptocurrency exchanges, continues to list new altcoins. At this point, OKX announced in its statement that it listed the altcoins FARTCOIN and AI16Z in the futures. “We are pleased to announce the launch of USDT-collateralized perpetual futures for FARTCOIN and AI16Z. FARTCOIN/USDT perpetual futures trading will open on December 20, 2024 at 04:15 UTC. AI16Z/USDT futures contracts will open on December 20, 2024 at 04:30 UTC.” While Fartcoin is a token mentioned in the back room of Truth Terminal, an autonomous chatbot created by artificial intelligence researcher Andy Ayrey, AI16Z is the token of the first venture capital firm led by AI representatives. Following the OKX listing announcements, there were significant increases in altcoins named FARTCOIN and AI16Z. *This is not investment advice. Continue Reading: Surprise Listing from OKX! Binance Listed Two Altcoins It Chose on Its New Platform, Prices Soared!
Virtual Protocol is currently on a roll, with a 14.55% daily decline and trading at $2.19. In the…
Nexus said the testnet results show that there’s “early excitement” for a shared supercomputer.
Solana continued to show signs of weakness daily following another 3% loss in the past 24 hours. However, it remains bullish but is still finding a key level to initiate a fresh buy. The price is currently under retracement. The late November drops continued to bring a notable setback for Sol’s bulls on a daily scale, though the $200 level has suppressed selling since the market witnessed a sudden meltdown over the past week. Following a short recovery, the $240 level posed a threat to the bulls and the price fell, though the volatility currently looks insignificant due to low supply. A big loss should be expected if the supply level increases. Looking at the choppy price actions over the past week, Sol appeared to be gathering liquidity for another major sell-off capable of retracing the price lower to the $190 and $180 area, where the buyers are patiently waiting to initiate an entry in the next few days. While the ongoing retracement phase provides a discount for a long-term reaccumulation, we can expect a huge rebound once the price tests the white ascending trendline, acting as diagonal support since September. A breakdown of this line could result in an end of the bullish move. But from a technical perspective, more growth is expected in the future. SOL’s Key Level To Watch Source: Tradingview As Sol advances retracement near a weekly support level of $210, the price must break below $200 before testing $194 and $183.4, where the trendline lies. From there, we can expect a bounce back. But if the price recovers from the current trading level, the immediate resistance level to watch on the way up is $247, followed by $264.4. A break up there could rocket the price to $280 and $300 in no time. Key Resistance Levels: $247, $264.4, $280 Key Support Levels: $210, $194, $183.4 Spot Price: $217 Trend: Bearish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
In a significant turnaround, Maker (MKR) is set to target $5,000 as Ethereum (ETH) breaks through downtrends, instilling renewed market confidence. The recovery is reflected as 62% of MKR holders
Maker targets $5,000 as Ethereum soars, breaking downtrends with bullish signals and strong holder confidence.
Two combo ETFs that offer exposure to Bitcoin and Ethereum have been approved by the SEC
El Salvador has made headlines once again by acquiring 11 Bitcoin, a significant move coming right after negotiating a $1.4 billion loan deal with the IMF. This controversial purchase raises
El Salvador purchased 11 Bitcoin only a day after reaching a $1.4 million IMF loan deal that called to reduce public sector engagement in “Bitcoin-related economic activities.”
In a significant technological development toward security and decentralisation, Gala Games is revolutionizing its blockchain infrastructure by transitioning GalaChain from a Raft consensus mechanism to a more robust Byzantine Fault Tolerance (BFT) consensus algorithm. GalaChain is the first hyperledger fabric chain to release this update and this strategic migration represents a critical step towards creating a more secure and decentralized blockchain environment. The transition is currently underway in the test environment, with plans to implement the changes on the mainnet in the near future. When completed, GalaChain will distinguish itself as one of the pioneering public Hyperledger Fabric blockchains to successfully implement this sophisticated consensus mechanism. Migrating From Raft to BFT Consensus At the heart of this upgrade is a drastic improvement in network resilience. Raft, a Crash Fault Tolerant consensus algorithm, falls short in scenarios involving malicious activity. It operates under the assumption that network nodes will behave predictably and without malicious intent. It can effectively manage non-malicious failures like system crashes or temporary downtime. However, this approach leaves significant vulnerabilities in a landscape increasingly threatened by sophisticated cyber attacks. For instance, a compromised leader node or a network partition could disrupt operations and lead to incorrect decisions. This highlights the need for a more superior and secured upgrade. The BFT Advantage Over Raft By contrast, BFT algorithm introduces a more sophisticated approach to network consensus. It is designed for hostile environments where some nodes may behave maliciously. BFT algorithms can withstand and neutralize potential malicious activities by requiring consensus from a substantial majority. Even if up to one-third of nodes act maliciously, it demands consensus from two-thirds of honest network nodes before finalizing any transaction. This means that even if some nodes attempt to send false messages or manipulate the consensus process, the network remains stable and secure. This critical feature significantly reduces the risk of single point of failure, fortifying the network against targeted attacks and improving fault tolerance. Building Trust and Reliability The implications of this upgrade extend beyond mere technical optimization. For users and developers in the Gala Games ecosystem, the BFT migration promises enhanced trust, improved transaction reliability, and a more robust blockchain infrastructure that can effectively resist potential security threats. As blockchain transitions with features that reduce risks and improves security, Gala Games’ proactive approach to network security demonstrates a commitment to the future of the ecosystem by creating trustworthy digital platforms.