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The integration of Flare with Polyhedra’s zkBridge DVN has been approved by the Polyhedra community. With the help of this integration, Flare developers will be able to use LayerZero to create secure and efficient cross-chain apps while still taking use of ZK proofs’ cryptographic guarantees. One of LayerZero’s Decentralized Verifier Networks (DVNs) is zkBridge,
LayerZero (ZRO) has become one of the first altcoins to bounce amid the market retrace. The token has registered green numbers despite its controversial token airdrop last month. As a result, investors and market watchers remain bullish on ZROs long-term performance. Related Reading: Cardano (ADA) Founder Claps Back At Dead Coin Comments, Issues Reminder To The Community From ZRO To Market Hero In late June, the omnichain interoperability protocol LayerZero launched its long-awaited ZRO token. The launch, which included a token airdrop for the protocol users, received a negative response from the crypto community. Users found the airdrops claim mechanism to be a slap in the face for the community. Minutes before the launch, the LayerZero Foundation announced that a new Proof-of-Donation claim mechanism would be used for those who wanted to receive their token allocation. The mechanism required users to donate $0.1 in USDC, USDT, or ETH, per token allocated. The donations would go directly to the Protocol Guild, a collective funding mechanism for Ethereum developers. LayerZero received backlash for this measure. Many community members found that the project was milking their supporters and lacked proper communication. As a result, the token saw a 38% drop following the launch. ZRO went from trading at its $4.57 all-time high (ATH) to trading as low as $2.83. The retrace continued as it reached its all-time low (ATL) of $2.48 a week after its launch. The token has since recovered by 53%. ZROs upward trajectory started last week as Bitcoin (BTC) regained its $60,000 support zone. The token moved from its ATL to a biweekly high of $4.2. However, LayerZeros token followed the rest of the market in the retrace. BTCs performance dragged ZRO back to the $2.75 level earlier today, but it has bounced over 20% in the last few hours. As of this writing, ZRO is one of the few altcoins registering green numbers in multiple timeframes. Moreover, the protocols token displays double-digit gains in the weekly and biweekly timeframes, with 40.2% and 22.1% price increases. Investors Bullish On LayerZero Following this performance, investors and market watchers expressed bullish sentiment regarding the token. Some traders assert that ZRO held relatively well during the dump and is now recovering pretty hard. Crypto trader CryptoKnight highlighted ZROs bounce and suggested that the token could reach $5 in the short-term timeframe. Similarly, SpiderCrypto believes that ZRO will hit $10 by the end of the year. To the market watcher, LayerZero is the best infra company for those who believe in a multichain future. Seemingly, users remain confident in the protocol despite the launch mishap. Some investors consider it one of the cleanest brands around with a token that is not difficult to sell to people with a bit of FOMO. Related Reading: Gala Games Announces Partnership With Animoca Brands, GALA Token Plunges 6.7% LayerZero Labs recently announced its integration with Flare, a data-focused blockchain, to enable Flare developers to connect with 75 other networks. Per the post, the integration will connect the blockchain with 50,000 dApps and offer access to a vast quantity of new users and sources of liquidity. At the time of writing, ZRO is trading at $3.81, representing a 21% increase in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
Flare opened beta testing for its FAssets system to the public, witnessing massive success, with 937,000 XRP tokens minted across…
The post Flare Sees Over 937K XRP Across 2K+ Mints on First Day of FAssets Tests first appeared on The Crypto Basic.
Flare Network has surpassed 1 billion $FLR tokens burned, enhancing ecosystem health with a 2.1B FLR burn plan, reducing dilution…
The post Flare Network Achieves Milestone with Over 1 Billion FLR Tokens Burned first appeared on The Crypto Basic.
Flare Networks announces the upcoming launch of its first ever native stablecoin a month after Ripple disclosed plans to introduce…
The post Flare to Welcome First Ever Native Stablecoin USDX first appeared on The Crypto Basic.
Flare, the blockchain for data, has introduced the Raindex desktop app, a new intents-like DEX and provides centralized exchange-level trading capabilities using the Flare Time Series Oracle (FTSO). Users may now mimic other traders’ methods in a trustless, fully-permissionless, decentralized manner on-chain by setting bid and offer prices, turning on stop
Flare joins forces with Hypernative to bolster Web3 security, proactively shielding its ecosystem from emerging cyber threats and exploits.
Flare price surged significantly on Monday, rising 14% amid a 320% spike in trading volume. The FLR token gained amid broader market upside, with Bitcoin above $95k Notably, FLR traded to highs of $0.019 amid a key integration of USDT0. Flare (FLR), a blockchain protocol focused on interoperability, has seen its price surge significantly today. […]
The post Flare (FLR) price soars as daily trading volume jumps 320% appeared first on CoinJournal.
RSI currently at 67.13, nearing overbought levels. Awesome Oscillator flipped positive for the first time since January. FLR broke past resistance at $0.016. Flare (FLR) has emerged as one of the strongest performers in the altcoin market this week, surging by 57% over the past seven days to hit a new local high of $0.018, […]
The post Flare (FLR) surges 57% in a week as technicals flash overbought appeared first on CoinJournal.
Senator Ted Cruz is partnering with a Texas-based energy company, Flare Energy, to provide sustainable energy solutions for crypto miners in the state. This collaboration aims to address the environmental concerns surrounding cryptocurrency mining by utilizing renewable energy sources. Cruz has been vocal about the importance of embracing innovation while also prioritizing environmental conservation. By [...]
The post Crypto Miner Supports US Senator’s Plan to Encourage Flared Gas Utilization appeared first on Crypto Breaking News.
Flare and its native token, FLR, have emerged as significant players in the world of blockchain and cryptocurrency. Flare is...
The XRP community once touted Flare as a life-changing opportunity, but despite a 96% drop from its price in January, investors remain highly optimistic. The Flare token (FLR) has plummeted 96% from the price of $0.4711 it opened January with. Recall that the token’s initial airdrop distribution occurred in January 2023, compounding excitement among XRP […]
The post Flare Has Dipped 96% Since Airdrop to XRP Holders, But Investor Optimism Remains High first appeared on The Crypto Basic.
Discover how the integration of Flower and NVIDIA FLARE is transforming the federated learning landscape, combining user-friendly tools with industrial-grade runtime for seamless deployment. (Read More)
In a significant move forward for blockchain technology, Flare, the leading Layer 1 data-centric blockchain, has joined forces with aiPX,
Flare price has surged by more than 12% today as the global market cap dropped by about 2.20% after Germany’s largest multinational lender Deutsche Bank shares tumbled on Friday as financial industry fears continue to spread following the string of global bank failures, especially in the US, this month. Today’s crypto market plunge is highly …
<p>The post Flare price surging as Deutsche Bank failure push markets down: here’s why first appeared on CCNC | Cryptocurrency Newscast.</p>
Atriv and Flare are partnering up to bring a new wave of digital artists to the NFT space.
With its launch on Flare, Sparkles aims to make NFTs environmentally friendly.
The first NFT platform on the new layer 1 oracle network, Sparkles, which handles over 90% of NFT sales on
Layer-1 blockchain Flare has successfully completed a live demonstration on Flare’s canary network Songbird showing a new interoperability functionality allowing for trustless purchasing of an NFT on Flare using tokens of a different blockchain. During the live demonstration, two core interoperability protocols, Flare Time Series Oracle (FTSO) and State Connector were used to purchase an ...
<p>The post Flare demonstrates buying NFTs on its chain using tokens on a different blockchain | Invezz first appeared on CCNC.</p>
The live demo is scheduled for later today. Flare Networks will demonstrate the Layer 1 Ethereum Virtual Machine-based blockchain’s interoperable capabilities today by purchasing NFTs on Flare using Dogecoin and XRP. Notably, Flare first revealed the plan for the demo in a tweet last Friday. It will take place at 14:00 UTC on Twitter today, […]
The post Flare Networks To Showcase Interoperability With NFT Purchase Using DOGE and XRP first appeared on The Crypto Basic.
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