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Building on its recent launch, Crypto Content Creator Campus (CCCC) is proud to announce a surge of support from leading industry players to share the future of crypto content development together. CCCC’s Inaugural Event Secures Backing From Bybit, MEXCThe first-ever Crypto Content Creator Campus (CCCC) has attracted significant backing from key figures in the blockchain space. Major crypto exchanges, including Bybit and MEXC, have stepped in as title sponsors, reaffirming their dedication to fostering the next wave of crypto influencers. Additionally, companies like Zoomex and others have come onboard as silver sponsors, underscoring the recognition of CCCC as a highlighted event in the crypto industry.Scheduled from November 8th to 10th in Dubai, CCCC stands as the flagship annual event for the crypto community. It provides a unique platform for content creators, influencers, and key opinion leaders (KOLs) to learn, network, and collaborate, all while shaping the future of the industry. This educational retreat equips attendees with the tools to further crypto adoption and expand the broader crypto ecosystem.For more information, sponsorship opportunities, or to register for the event, readers can visit https://www.cccc.buzz/.About Crypto Content Creator Campus (CCCC)CCCC are a team of industry experts and visionaries committed to shaping the future of content creation within the Web3 and crypto sphere. Driven by a shared passion for creating a high-value community, CCCC has curated a campus that promises an experience unlike any other.For more details about CCCC, readers can please visit: https://www.cccc.buzz/For inquiries, readers can please contact: [email protected] | X AccountContactPR RepTony AuCrypto Content Creator [email protected] article was originally published on Chainwire More
The Huddle01 decentralized Real-Time Communications Network is a multi-sided network with Media Nodes, suppliers of dRTC bandwidth for participants and consumers of audio/video meetingsOn November 6, 2024, Huddle01, a leading decentralized real-time communications layer, will launch its media node sale. Huddle01 is setting new standards in decentralized communication, offering a robust and efficient solution to the challenges faced by traditional real-time communication (RTC) providers. Since 2023, Huddle01 has hosted 6 million minutes for more than 100,000 events. The first dRTC Network Huddle01 is the first Decentralized Physical Infrastructure Network (DePIN) for RTC or audio/video conferencing. Huddle01 coordinates unused internet bandwidth through node operators to enable seamless audio-video communication via its innovative decentralized, or dRTC network.Unlike most DePINs, Huddle01 is built from the demand side, addressing the high operational costs and geographical latency issues faced by centralized RTC networks. Founded during Covid-19 as Indian schools moved online, Huddle01 replaced centralized communication systems, which route calls through distant servers — often halfway across the world — causing significant delays and poor performance for video conferencing.By reducing the reliance on centralized data centers, Huddle01 also minimizes developers’ server costs for audio and video calls by up to 95% compared to AWS, ensuring cost-effective and high-performance communication. Huddle01’s app layer Huddle01 Meet integrates Web3-native tools, allowing users to connect wallets, use NFT profile pictures as avatars, and host token-gated meetings. Video recordings can be securely stored on the InterPlanetary File System (IPFS), emphasizing the platform’s commitment to decentralization and security. Led by CEO and Co-Founder Ayush Ranjan and Co-Founder and CTO Susmit Lavania, Huddle01 has an experienced team with 15+ years in RTC and 5+ years of token engineering. Key leadership positions at Huddle01 are held by alumni of BlockScience, ConsenSys, Polygon, Cardano, Persistence, CoinDCX, and Guardian Link.Nodes lead to improved latencyHuddle01 Media Nodes – the atomic unit of Huddle01’s dRTC network – provide the necessary bandwidth to encode, decode and route audio/video packets for uninterrupted audio and video communication across the globe. “Google (NASDAQ:GOOGL) Meets and Zoom (NASDAQ:ZM) streams 300 million minutes per day. If Huddle01 captures just 1-5% of this market in the next 12 months, we would have triggered the highest web3 adoption ever.” CTO Susmit Lavania explained. While latency issues, or lags and glitches, in the developing world hinder innovation, in truth, they hinder productivity everywhere. Distance education, streaming, gaming and healthcare can all be improved by better internet services.“These nodes will power a network that already outperforms the incumbent web2 competitors on latency where there is a large cluster of nodes, and is capable of improving lags across the globe,” says Ayush Ranjan, CEO of Huddle01. “We are excited to launch this node sale, because as we sell more nodes, the benefits for consumers and businesses will only grow. Node operators are incentivized to run a node, allowing them to create more value for themselves but more importantly, they can actually notice the improvement in latency in all their applications,” added Ranjan. Huddle01: Revolutionizing Real-Time Communication with DePIN Huddle01 Media Node Sale features-END-About Huddle01 Huddle01 is a decentralized real-time communication (dRTC) network for audio and video streaming – DePIN for RTC – that has clocked in 6 million+ minutes of meetings to date. The dRTC network eliminates the dependency on centralized servers for real-time communication across the globe. Huddle01 is democratizing connectivity over cyberspace by enabling people to access best in class bandwidth without relying on local physical infrastructure. The network has raised $6M to date and is backed by marquee angels like Balaji Srinivasa, Stani Kulechov and leading VC funds like Hivemind, Protocol Labs, Superscrypt, Consensys and others. Huddle01 makes it possible to build high-quality audio/video applications in minutes. Leveraging its suite of SDKs, multiple web3 applications have integrated the composable Huddle01 SDKs as their video communication layer. The infrastructure (developer SDKs) has been utilized by 100 projects including Lens Protocol, Solana, and CyberConnect. Soon Huddle01 will be onboarding 1.5M active users to their dRTC network with upcoming integrations.To learn more visit, www.huddle01.com | Twitter | Website | MediumContactSenior PR ManagerPatrick [email protected] article was originally published on Chainwire More
The subject of the Jordan’s exit after 12 years leading the central bank was hardly broached at a press conference in Zurich to discuss the SNB’s latest interest rates decision.Still, with the pressure off after his 42nd monetary policy meeting delivered the SNB’s third rate cut this year, Jordan allowed himself to relax a little and passed more questions to Schlegel, who takes charge on Tuesday.Schlegel, who joined the SNB in 2003 and has been described in the Swiss media as like a stepson to Jordan, described his departure as the end of an era, but pledged no big changes in policy.”Our mandate is price stability, and this will remain our mandate,” Schlegel told Reuters in an interview on Thursday. “This is also our priority at the Swiss National Bank.” Price stability – defined as inflation within a range of 0-2% – has been the key target for Jordan during his leadership, and has been achieved over the last 15 months as the SNB hiked interest rates and allowed the appreciation of the Swiss franc keep the price of imports in check.Observers have wondered if the change in leadership at the SNB could lead to a change of style, with Jordan seen as the dominant force leading the bank through the scrapping of its minimum exchange rate against the euro and the crash of Credit Suisse.”I think the important question is what will be the same,” said Schlegel when asked how his approach may differ from Jordan, who was his first boss at the SNB.”And the same will be the mandate and the focus on price stability.”After more than 20 years at the SNB, the 48-year-old from Zurich said he was ready for the challenge. “This will be my eighth position at the SNB, and I was always open to new things and new challenges,” he said. “This was the way I progressed steadily.”And also a bit of luck is also helpful,” he added. More
Gluwa CEO participated in the “Destination 2030: Nigeria Everywhere” event, a side panel during the United Nations General Assembly, hosted by Nigeria’s Ministry of Culture. During the panel, he emphasized the potential for Nigeria’s cultural and creative industries to gain global prominence through blockchain innovation.Speaking at the event, Gluwa’s CEO highlighted Nigeria’s unique cultural heritage and its captivating storytelling traditions. “Nigeria has a unique culture and a unique story to tell,” he remarked. “As a blockchain entrepreneur, I envision working closely with Nigerians to create a truly borderless financial system that amplifies their creative voices on a global stage.”He outlined how blockchain technology could enable the world to invest in Nigeria’s creative industries, particularly its thriving film sector, and beyond. Through tokenization, investments in Nigerian films and other creative projects can be democratized, allowing people from around the globe to participate in and trade these assets. Additionally, he proposed blockchain-based solutions for facilitating donations to support small creators and emerging talents.”The power of blockchain lies in its ability to break down barriers and empower creatives, no matter where they are. By bringing the Nigerian creative industry to the international market, we can help secure investments, promote cultural exchange, and provide new revenue streams for creators,” he added.The CEO’s participation in the “Destination 2030” event reinforced Gluwa’s commitment to using blockchain technology to address global challenges and unlock RWA opportunities.About GluwaGluwa is a blockchain innovation and development company that creates technology solutions for real-world use cases in emerging markets to make financial accessibility a universal reality. Gluwa builds borderless technology to unite our global economy and empowers a new generation of users with the economic tools, education, and accessibility they need to thrive in the new digital age.Website | X/Twitter | Medium | Discord | GithubContactDirector of MarketingAlan [email protected] article was originally published on Chainwire More
ZURICH (Reuters) -The Swiss National Bank reduced interest rates by 25 basis points on Thursday, echoing steps to lower borrowing costs by the European Central Bank and U.S. Federal Reserve, and left the door wide open for more rate cuts as inflation cools sharply.The SNB cut its policy rate to 1.00%, the lowest level since early 2023, as expected by analysts in a Reuters poll. The cut was its third such reduction this year as the central bank dialled back measures designed to combat inflation.The decision, the last in the 12-year tenure of SNB Chairman Thomas Jordan, was enabled by the taming of price rises in Switzerland – which slowed to 1.1% in August and has been within the central bank’s 0-2% target range for the last 15 months.The SNB is ready to cut interest rates again, Jordan said after the decision, noting that inflationary pressure in Switzerland had decreased significantly.”Further cuts in the SNB policy rate may become necessary in the coming quarters to ensure price stability over the medium term,” he told a press conference after his 42nd and last monetary policy meeting.His successor Martin Schlegel said the SNB’s view that inflation was likely to fall further meant further cuts were likely, although he did not give any guarantees.”It’s important to know that we don’t give forward guidance and we never pre commit, but if you look at monetary conditions, the situation now, it’s not unlikely that we also cut in December,” Schlegel told Reuters in an interview.The current SNB Vice Chairman, who takes charge of the central bank on Tuesday, did not give guidance on possible moves in the more distant future.The SNB’s success in fighting inflation has enabled it to become the frontrunner among central banks in lowering borrowing costs, cutting rates in both March and June.Schlegel said decision to cut rates again was helped by weaker inflationary pressure in Switzerland, with the SNB slashing its inflation forecasts for 2025 and 2026 and predicting consumer price growth of 0.6% in the second quarter of 2027.He also highlighted the rise in the value of the Swiss franc as a contributor to low inflation and acknowledged the difficulties the safe haven currency caused for Swiss exporters already facing weak demand from abroadThe franc has appreciated in recent weeks, hitting its highest level in nine years against the euro in early August.It strengthened after the 25-basis-point cut, which followed similar monetary policy easing by the ECB and the Fed earlier this month, was announced.Charlotte de Montpellier, senior economist at ING, said the SNB’s 25 point reduction was “the most dovish you could ask for.” “Not only is the SNB making it very clear that further rate cuts may be necessary, but it has also revised its inflation forecasts very sharply downwards, and much more sharply than expected,” she said.CUTS ON THE WAYKarsten Junius, chief economist at J Safra Sarasin, saw the bank’s outlook as more dovish than markets expected.”This is the strongest hint towards future policy decisions that the SNB has given in the past years and a break from previous communication patterns,” he said.The SNB trimmed its 2024 inflation forecast to 1.2% from its 1.3% prediction in June. It also cut its forecasts for 2025 to 0.6% from 1.1% previously and for 2026 to 0.7% from 1.0%.”With inflation now expected to average 0.6% in 2025 and 0.7% in 2027, the SNB seems to want to send a very clear signal to the markets that further rate cuts are on the way, in order to weaken the Swiss franc,” said de Montpellier at ING. More
The grant will support the integration of Accelchain’s platform with Substrate, a framework used for building decentralized applications in Polkadot. The process allows developers to create and deploy Substrate-based dApps without writing code, Accelchain said in a statement.Accelchain plans to expand its community by targeting developers and enterprise partners. The company has formed partnerships with node providers like Google (NASDAQ:GOOGL) Cloud and is running developer acquisition programs at universities and DAOs.Accelchain, which launched its no-code platform in October 2023, currently has around 2,000 developers using its platform and expects that number to grow to 20,000 by the end of 2024. The platform uses Large Language Models (LLMs) to generate dApps based on user requirements, validate business logic, and secure applications during runtime.The company also noted that the platform’s AI model can detect and block malicious transactions in real-time. This feature protects Web3 applications from exploits such as front-running and sandwich attacks.Founded by Krishna Srinivasan and Ram Shanmugam, Accelchain has laid out a roadmap focusing on achieving Polkadot compatibility and expanding its developer community through workshops and hackathons, the statement added.Srinivasan and Shanmugam previously co-founded AutonomIQ, a generative AI software testing platform acquired by Sauce Labs. The Accelchain team also includes former employees of Google and ServiceNow (NYSE:NOW).The Web3 Foundation is offering a 10 million DOT prize pool, worth around $65 million, to back the rollout of the Join-Accumulate Machine (JAM) upgrade in the Polkadot ecosystem. This initiative builds a decentralized network that can handle diverse computational tasks within the ecosystem. To participate, entrants must meet certain criteria, such as importing and producing blocks, meeting performance benchmarks on Kusama and Polkadot, and passing security checks. More
An increasing amount of long positions entered the market when the price of Bitcoin reached $64,800, ultimately making the situation worse. Based on the data, it appears that a lot of traders were too optimistic when Bitcoin got close to $64,800. Anticipating a breakout to higher levels, there was a significant influx of long positions. But as soon as Bitcoin was unable to continue its upward trajectory, this optimism gave way to fear. The subsequent sell-off erased about 4,000 BTC in open interest in Binance futures, contributing to the market’s general bearish mood. The abrupt decline in open interest is noteworthy as it emphasizes the unwinding of leveraged positions.An excessive number of leveraged long positions can lead to a precarious state of the market since even a small decline in price can precipitate a wave of liquidations. In fact, the price of Bitcoin fell more quickly and dramatically than anticipated as a result of a wave of liquidations that were sparked by the decline in value.Significant concerns about who is selling are brought up by the $1.28 billion sell-off and the drop in open interest. Large institutional investors, or whales, might be taking profits at significant resistance levels such as $64,800. These major players frequently sell into strength, understanding that a sizable chunk of the market is overleveraged and providing them with a chance to sell at premium margins.This article was originally published on U.Today More
