Category: Cryptocurrency News

Alongside G42, Cerebras aims to expand this supercomputer, with plans to establish 36 exaFLOPs of AI computing in the coming year.

Solana, a key player in the Layer-1 blockchain network domain, has shown a substantial improvement in the network’s uptime and reliability this year, with just one recorded outage so far since the year 2023 began. According to a performance report released by the Solana Foundation on July 20, the network’s stability and performance saw a significant uptick in the first half of 2023. The report presents detailed metrics including the network’s uptime and the ratio of non-voting to voting transactions, which are key indicators of network efficiency and reliability. Addressing The Network Reliability Challenge Despite its promising features, Solana has historically faced issues relating to network uptime and reliability. These problems, referred to as a “curse” by Co-founder Anatoly Yakovenko, were largely attributed to the network’s low-cost transactions, which according to Yakovenko frequently led to Solana network outages. Related Reading: Solana Shining Moment: What To Expect After SOL Crossed $20 1/ The Solana Foundation has released the most recent @Solana Network Performance report. The Solana network’s performance has improved through H1 2023, as measured by uptime, the ratio of non-voting-to-voting transactions, & more. Read the full report: https://t.co/naOftyknLA pic.twitter.com/yI9Q8swWdT — Solana Foundation (@SolanaFndn) July 20, 2023 However, the latest report offers a refreshing contrast to this history, marking a 100% uptime since February 25. This performance ensures that Solana completed an entire quarter without any outages, with the only disruption of the year in February causing a nearly 19-hour network blackout. Indicators Of Network Efficiency In addition to its uptime record, Solana is also making strides in the ratio of voting to non-voting transactions. To clarify, voting transactions are carried out when a validator, a crucial component of the blockchain ecosystem, gets involved in validating and approving one or more proposed data blocks on the network. On the other hand, non-voting transactions are those instigated by user activities on the blockchain, which could include actions such as sending or receiving tokens, executing smart contracts, or interacting with decentralized applications (DApps). The Solana Foundation report also predicts a decreasing these voting-to-non-voting transaction ratios over time, as increased network efficiency should result in a lower overall percentage of voting transactions. Related Reading: SOL Price Prediction: Solana Smashes Key Resistance, $22 Could Be Next Furthermore, Solana’s throughput, measured in terms of transactions per second (TPS), is another vital indicator of network efficiency. The report reveals that Solana’s maximum daily TPS has been on an upward trajectory since January, a trend closely associated with new network upgrades. According to data from Dune Analytics, the transaction rate on the Solana network currently stands at 3,781 transactions per second. Meanwhile, the network’s native token SOL has been in a bearish trend in the past week.  Particularly, SOL has plunged by more than 10% in the past 7 days. The asset has dropped from a high of trading above $30 last Friday following a quick spike to a low of $25.39 at the time of writing, down by roughly 6.6% in the past 24 hours. Featured image from Shutterstock, Chart from TradingView  

Sam Bankman-Fried attempted to publicly discredit government witness Caroline Ellison, who was once his business ally and a romantic partner, the DoJ argued.

BTC price should put in a “strong” reaction now that Bitcoin Bollinger Bands are at their most compact since the start of 2023.

Professional Dota 2 player Erik “Tofu” Engel believes that Web3 has very beneficial features for gamers.

The National Cryptocurrency Enforcement Team, established in 2021, will be merged with the Computer Crime and Intellectual Property Section.

Criminals have moved away from using Bitcoin for money laundering, with stablecoins emerging as an alternative due to accessibility.

Dogecoin (DOGE) is fixated on a crucial juncture in its price trajectory. Having recently faltered at the previous range-high, the cryptocurrency community eagerly awaits to see whether history will repeat itself.  DOGE bulls, ever resilient, have their sights firmly set on re-targeting $0.075 – a level that could signify a significant breakthrough if achieved. As the digital coin continues to command headlines and curiosity, the question on everyone’s mind is whether DOGE can overcome this critical hurdle and forge a path toward new heights.  DOGE Bulls Eye Crucial Re-Entry As Price Finds Support As per Coingecko data, DOGE currently stands at $0.071, displaying a modest 24-hour rally of 0.5% alongside consistent seven-day gains of the same percentage. The recent price action indicates that DOGE has established higher highs and lows since mid-June, granting bulls a favorable advantage.  Source: Coingecko However, the recovery momentarily stumbled upon reaching the previous range-high of $0.0751. Nevertheless, bullish investors saw an opportunity for re-entry at the price imbalance and FVG (fair value gap) located between $0.0694 to $0.0655. Related Reading: Stellar Makes Surprise 70% Rally – Start Of Something Big For XLM? A DOGE price report reveals a notable pattern where generally, the price tends to hit the FVG before resuming its prior trajectory. This trend has been evident as DOGE has already experienced two rebounds from the FVG zone. Furthermore, this FVG range aligns harmoniously with the ascending trendline support. Dogecoin (DOGE) has a market cap of $10 billion today. Chart: TradingView.com Considering this backdrop, a price rejection at the previous range-high of $0.075 might find support at the above confluence area. Therefore, this confluence area holds significant interest for bullish investors, as it could offer another compelling buying opportunity. Dogecoin Faces Mixed Sentiments  While Dogecoin’s popularity as a meme coin remains strong, a separate report paints a sad picture for the cryptocurrency, suggesting that investors are increasingly exploring alternative options. The once-hyped meme coin is trading more than 90% below its all-time high, signaling a significant decline in value. Amidst conflicting views among analysts, some with a bullish outlook foresee a potential surge toward $0.07. However, contrasting opinions assert a more pessimistic perspective, predicting a likely dip below $0.05. DOGE price action in the last seven days. Source: Coingecko Related Reading: Solana (SOL) Continues To Shine With Over 20% Surge – What’s Next? Social media activity plays a substantial role in influencing the price of Dogecoin. While some future price predictions remain bullish, investors are now cautious, realizing that such levels may not necessarily translate to the high long-term ROI they once expected. Consequently, many opt to diversify their investments, seeking alternative opportunities beyond the world of meme coins. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from 

The Civil Aviation Administration and China Merchants Bank said passengers can utilize the central bank digital currency to access new services via this platform.