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๐Ÿš€๐Ÿš€ Flare Network, a popular layer one blockchain, is making waves in the crypto world with its focus on integrating external data into blockchain systems. CEO Hugo Philion, a former finance professional turned crypto enthusiast, is leading the charge. ๐ŸŒ๐ŸŒ Philion's transition from finance to blockchain was driven by a desire for more meaningful work. He found his calling in blockchain technology and machine learning, eventually co-founding Flare Network. ๐ŸŽ“๐ŸŽ“ Flare's mission? To tackle the complex task of incorporating external data into blockchain systems. Philion believes that using a centralized party to handle data defeats the purpose of blockchain, which is meant to be decentralized. ๐Ÿ’ก๐Ÿ’ก Flare is working to decentralize the data validation process, moving away from traditional, centralized oracles. The network recently released a deep dive on the shift to Flare Time Series Oracle V2, which enables 1000 prices with 90-second anchor updates and one block optional streaming updates. ๐Ÿ“Š๐Ÿ“Š Philion is also excited about the convergence of AI and blockchain, believing that blockchain can genuinely improve what currently exists in the AI space. He sees potential for blockchain to contribute to the creation of unbiased, verifiable AI systems. ๐Ÿค–๐Ÿค– On the topic of Bitcoin, Philion reveals that Flare Network holds a lot of Bitcoin as an organization, a decision that has paid off for them. He also sees the Bitcoin ecosystem as one that will truly appreciate Flare's decentralized data. ๐Ÿ“ˆ๐Ÿ“ˆ So, keep your eyes on Flare Network as they continue to push the boundaries of blockchain technology! ๐Ÿš€๐Ÿš€

๐Ÿš€๐Ÿš€ Flare Network, a popular layer one blockchain, is making waves in the crypto world with its focus on integrating external data into blockchain systems. CEO Hugo Philion, a former finance professional turned crypto enthusiast, is leading the charge. ๐ŸŒ๐ŸŒ

Philion's transition from finance to blockchain was driven by a desire for more meaningful work. He found his calling in blockchain technology and machine learning, eventually co-founding Flare Network. ๐ŸŽ“๐ŸŽ“

Flare's mission? To tackle the complex task of incorporating external data into blockchain systems. Philion believes that using a centralized party to handle data defeats the purpose of blockchain, which is meant to be decentralized. ๐Ÿ’ก๐Ÿ’ก

Flare is working to decentralize the data validation process, moving away from traditional, centralized oracles. The network recently released a deep dive on the shift to Flare Time Series Oracle V2, which enables 1000 prices with 90-second anchor updates and one block optional streaming updates. ๐Ÿ“Š๐Ÿ“Š

Philion is also excited about the convergence of AI and blockchain, believing that blockchain can genuinely improve what currently exists in the AI space. He sees potential for blockchain to contribute to the creation of unbiased, verifiable AI systems. ๐Ÿค–๐Ÿค–

On the topic of Bitcoin, Philion reveals that Flare Network holds a lot of Bitcoin as an organization, a decision that has paid off for them. He also sees the Bitcoin ecosystem as one that will truly appreciate Flare's decentralized data. ๐Ÿ“ˆ๐Ÿ“ˆ

So, keep your eyes on Flare Network as they continue to push the boundaries of blockchain technology! ๐Ÿš€๐Ÿš€

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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๐Ÿš€Uniswap Labs, the brains behind the decentralized exchange Uniswap, has fired back at the U.S. Securities and Exchange Commission's (SEC) Wells Notice, calling the legal basis "weak".๐Ÿ‘Ž Meanwhile, Uniswap's native token UNI is on a roll, surging 2.0% in the last 24 hours and 37% over the week to hit $9.48.๐Ÿ’ฐ Uniswap argues that the SEC's assumption that all tokens are securities is flawed. Marvin Ammori, Uniswap Labs' Chief Legal Officer, insists that tokens are a file format for value, not securities. He criticized the SEC's attempts to redefine terms such as "exchange," "broker," and "investment contract" to include Uniswap's operations.๐Ÿ‘จโ€โš–๏ธ Uniswap is ready to fight back. Its lawyers, who have represented successful cases including Grayscale and Ripple, warn that a case against Uniswap could push American crypto investors to use foreign trading protocols and stifle innovation.๐ŸฅŠ Uniswap's response comes as the U.S. House of Representatives gears up to vote on the Financial Innovation and Technology for the 21st Century Act. This bill could reshape the SEC and the Commodity Futures Trading Commission's (CFTC) roles in crypto regulation. Uniswap believes that if this legislation is enacted, the SEC's case might become irrelevant, and the CFTC would gain enforcement authority in certain areas.๐Ÿ›๏ธ Uniswap received the Wells Notice in April, and Ammori expressed disappointment but not surprise. He criticized the SEC for lacking clarity and guidance on Uniswap's self-custodial, non-intermediated products.๐Ÿ“œ Stay tuned for more updates!๐Ÿ‘€
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๐Ÿš€Hey BTC enthusiasts! Let's take a quick detour and peek at Ripple (XRP). It's been a roller coaster ride, with the price bouncing around like a pinball in a machine.๐ŸŽข ๐Ÿ”Looking at the daily chart, XRP has been trading sideways for a while now. It's been stuck between a rock and a hard place, with resistance at $0.55 and support at $0.47. But recently, we've seen a tiny spark of bullish momentum, pushing the price towards the upper boundary.๐Ÿ“ˆ ๐ŸšงBut hold your horses! XRP is now wrestling with a significant resistance zone. This includes the rangeโ€™s upper limit, the 200-day moving average, and a multi-month ascending trendline. If buyers can smash through this, we might see a sustained bullish trend.๐ŸฅŠ ๐Ÿ”ฎHowever, the crystal ball isn't clear. The recent price movements suggest that XRP might continue to trade sideways until a breakout occurs.๐Ÿ”ฎ ๐Ÿ•ฐ๏ธOn the 4-hour chart, a bullish bounce is evident near the lower boundary of an ascending wedge, around the $0.50 mark. But it's heading towards a critical resistance area. If the buyers can overcome this, we could see a fresh bullish rally. But a bearish rejection might trigger another decline.๐Ÿ“‰ ๐ŸŽญIn a nutshell, while XRP's price has seen a minor uptick, it's facing significant resistance levels. The market remains uncertain, so keep your eyes peeled for either a breakout or continued consolidation.๐Ÿ‘€ Remember, we're just observers here, not fortune tellers. Stay tuned for more updates! ๐Ÿš€
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