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‘Cosmos is more than ever in the same conversation as many other projects’, says Binary Builders’ product lead

Cosmos SDK is suitable for most of the current projects needs, and Cosmos could be in the limelight again, says Marko Baricevic.

The post ‘Cosmos is more than ever in the same conversation as many other projects’, says Binary Builders’ product lead appeared first on Crypto Briefing.

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Layer-1 Blockchain Berachain Nets $100,000,000 in Series B Funding Round

Layer-1 Blockchain Berachain Nets 0,000,000 in Series B Funding Round

A new layer-1 blockchain has raised nine figures in a series B funding round that featured tech giant Samsung and several crypto venture capital firms. In a new announcement, the decentralized finance (DeFi)-focused blockchain Berachain (BERA) says that its latest funding round raised a staggering $100 million led by Brevan Howard Digital and Framework Ventures. Some […]

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Crypto Trader Breaks Down Bitcoin’s Break Out, Says Altcoins Will Soon Wake Up

Crypto Trader Breaks Down Bitcoin’s Break Out, Says Altcoins Will Soon Wake Up

A widely followed crypto analyst is keeping an eye on altcoins as Bitcoin (BTC) leads the markets with its latest break out. Crypto trader Michaël van de Poppe tells his 708,300 followers on the social media platform X that BTC just needs to stay above $67,000 to retest its all-time high (ATH). “Bitcoin holds above crucial levels.  […]

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Analyst Predicts Over 100% Rally for ETH-Based Altcoin, Updates Forecast on Sui, Arbitrum and One Other Crypto

Analyst Predicts Over 100% Rally for ETH-Based Altcoin, Updates Forecast on Sui, Arbitrum and One Other Crypto

A widely followed crypto analyst thinks that an altcoin running on the Ethereum (ETH) network is gearing up for a big surge in price. Trader Michaël van de Poppe tells his 685,500 followers on the social media platform X that the decentralized oracle network Chainlink (LINK) looks poised for a 2x rally. According to Van […]

The post Analyst Predicts Over 100% Rally for ETH-Based Altcoin, Updates Forecast on Sui, Arbitrum and One Other Crypto appeared first on The Daily Hodl.

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Bitcoin’s 8-week win streak is in danger, but ATOM, FIL, EGLD, and ALGO don’t care

Bitcoin is set to break its eight-week winning streak, but that has not affected the prospects of ATOM, FIL, EGLD, and ALGO, which look strong on the charts.

Bitcoin’s (BTC) eight-week winning streak is likely to end as the price is down nearly 4% this week. The recent weakness indicates profit-booking by traders but it does not change the short-term uptrend. The pullback will also help reduce the froth that may have been building.

After the initial shakeout, strong hands are likely to re-enter the crypto market as the macro environment remains bullish for risk-assets. The decision by the Federal Reserve to pause rate hikes and possibly reduce rates in 2024 could further boost demand for crypto products.

However, nothing goes up in a straight line. After sharp rallies, traders generally book profits and shift their focus to other coins. As Bitcoin takes a breather, traders' are likely to turn their attention to select altcoins.

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Cosmos Interchain Foundation budgets $26M for ecosystem development in 2024

The amount allocated is down from a budget of $40 million in 2023.

Switzerland-based Interchain Foundation (ICF), the core developer behind cross-chain communications protocol Cosmos, will allocate $26.4 million for maintaining the said ecosystem next year.

According to a Dec. 13 announcement seen by Cointelegraph, the ICF 2024 roadmap “prioritizes funding for the Interchain Stack’s optimal functionality.” Out of the amount, $3 million will be allocated to CometBFT, Cosmos’ Byzantine fault-tolerant engine for state machine replication. Meanwhile, $4.5 million will go toward the Cosmos software development kit, and $7.5 million will be allocated to Cosmos’ native inter-blockchain communications protocol (IBC).

The remaining $4.155 million will go toward smart contract framework CosmWasm, digital library CosmJS and ecosystem security audits. “This year’s funding program is designed to fortify the free-to-use, open-source Interchain Stack, serving as a catalyst for enhanced blockchain interconnectedness,” said ICF board director Maria Gomez, adding, “The role we play in the ecosystem is that of a steward that aids the interchain to achieve its goal of interoperable sovereignty.”

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Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

A widely followed crypto analyst is turning bullish on Cosmos (ATOM) as the altcoin space begins to take off. Pseudonymous crypto strategist Altcoin Sherpa tells his 201,100 followers on the social media platform X that the native asset of the interoperable blockchain ecosystem Cosmos could surge more than 27% from its current value. “ATOM: Coins […]

The post Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook appeared first on The Daily Hodl.

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Analyst Predicts Rallies for Cosmos, Gala and One Bitcoin Ecosystem Altcoin – Here Are His Targets

Analyst Predicts Rallies for Cosmos, Gala and One Bitcoin Ecosystem Altcoin – Here Are His Targets

A widely followed crypto strategist believes big rallies are imminent for a trio of altcoins including Cosmos (ATOM) and Gala (GALA). Pseudonymous analyst Kaleo tells his 608,200 followers on the social media platform X that he believes a strong breakout rally is in sight for the native asset of the interoperable blockchain Cosmos. According to […]

The post Analyst Predicts Rallies for Cosmos, Gala and One Bitcoin Ecosystem Altcoin – Here Are His Targets appeared first on The Daily Hodl.

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Cosmos-based networks Umee and Osmosis to merge, creating ‘DeFi Hub’

Through a software upgrade, Umee UX Chain code will be implemented on Osmosis, combining the two networks.

Cosmos-based networks Umee and Osmosis will merge via a software upgrade, according to a Dec.

Umee user interface. Source: Umee.

Umee is a decentralized lending protocol that runs on its own dedicated Cosmos chain called “UX Chain.” Osmosis, on the other hand, is one of the largest decentralized exchanges (DEXs) in the Cosmos ecosystem, which also runs on its own dedicated network. It has over $23 billion in cumulative volume and is the fourth largest Cosmos chain in terms of total value locked (TVL), according to DeFiLlama.

According to the announcement, the development teams behind the protocols agreed to combine the two networks, allowing the lending app and DEX to exist on the same chain.

“The combined architecture of both chain functionality will open up the door for flash loans and new forms of MEV on the same DeFi Hub,” said Osmosis co-founder Sunny Agarwal, adding “we originally thought of flashmint via protorev for multiple types of cross chain arb, and realize[d] a lending protocol on the same chain would further optimize this vision.”

Related: Cosmos Hub greenlights ATOM inflation cut for security boost

The announcement did not state a specific date for the merger.

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