Tag: Crypto Funds

Hyve Unveils High-Throughput Data Availability Protocol, HyveDA

Summary 

Blockchain infrastructure company, Hyve has released a Data Availability Protocol, HyveDa. This project aims to provide faster services with throughput of 1 gigabyte per second, which is 100 times faster than current solutions.

Revolutionizing Data Availability

Protocols like HyveDa are crucial for decentralized applications to get reliable and necessary data without being controlled by centralized system. HyveDa offers high speed permissionless network connections where anyone can join without approval, which removes the bottleneck of decentralized system also enhancing scalability and decentralization.

Scaling for High-Volume Applications

Currently capable of 1 GB/s, Hyve plans to scale HyveDA’s throughput to 50 GB/s as the network expands. This positions the protocol to handle data-heavy applications such as artificial intelligence, decentralized finance, and Web3 gaming. Its permissionless design aligns with the core principles of decentralized ecosystems, providing flexibility and accessibility.

Strategic Partnerships and Funding

HyveDa is in mutually beneficial relationship ecosystem aiming for reliable security. Hyve raised $1.15 million in pre-seed funding, to grow and improve its team, enhance layer-2 blockchain system and other platforms. This project aims to solve digital challenges related to large scale data handling in decentralized system.

Future Outlook

HyveDa is showing a great promise in blockchain environment but it’s real success will be determined by it’s scalibility in real world environment. It provides High speed permissionless network which does solve network issues but might cause security problems as anyone can access data without approval. However, the protocol’s focus of handling high-throughput, data intensive applications puts it in positive blockchain space.

Bitcoin Miners Divided: Holding Bitcoin or Invest in AI?

Summary

The crypto mining industry has split into two and confused on which side to go with. After the recent halving event of Bitcoin many miners have shifted to AI in hopes of increasing stocks while there is a major portion still holding onto bitcoin.

The halving event that occurred six months ago has made reward for bitcoin miners 3.125 BTC, which is very little compared to what it could reward in prior years. A halving event occurs in order to prevent inflation and stabilize the coin in the market. It reduces the number of bitcoins entering circulation. As the supply decreases, halving events have historically led to increased demand and price appreciation. This is the reason why people are still holding onto it.

Meanwhile people who have left bitcoin and invested in AI are experiencing immediate gain. Core Scientific got out of bankruptcy after shifting its focus to AI by upgrading data centers to handle high performance computing. Similarly TeraWulf’s stock has become more than double after investing in AI data centers. This shows how investing in AI right now might be the right choice but many speculate bitcoin will take over in the long run.

An another portion of miners are holding onto bitcoin to avoid losses, if they leave the shares stay afloat and sell at the correct time. This uncertainty and splitting of miners has created buzz over the internet, each path carries risk but each option also allows miners to maintain profitability while they wait for Bitcoin’s next bullish cycle.

Learn about Bitcoin’s role in shaping the future of Defi here.

Net Inflow of $321 million in Crypto Funds After Fed Rate Cut

Summary [ Gen-Z ]:

The Fed cut rates, making money cheaper, and it's flowing into crypto. Last week alone, $321M came in, with Bitcoin taking the lead while ETH, BNB, and ADA were in the red. Interestingly, $5.1M was used to bet against Bitcoin (Short Bitcoin). 

With the Fed's 50 bps rate cut, more cash might hit the market, but it's also a red flag that the economy needs a boost to stay afloat.

With the decision of Fed rate cut, new money is flowing into crypto. Last week’s inflow hit a record of $321 million.

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Based on data released by CoinShares, Bitcoin led the inflow of money while Ethereum, BNB, and Cardano remained negative. Meanwhile, $5.1m inflow went for “Short Bitcoin”.

After the decision of 50 bps rate cut by the Fed, the impacts can be deeper. Cheaper money might enter the market but this also signals a weaker economy that needs artificial boosting.

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