Aurelia Butler

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    in Cryptocurrency

    Real Vision CEO & Wine Collector Raoul Pal Appointed to dVIN Labs Board of Directors

    dVIN Labs, the development team behind the dVIN protocol, today announced the appointment of Real Vision Co-Founder & CEO and long-time wine enthusiast, Raoul Pal, to its board of directors.Garrett will be hosting an AMA on X (formerly Twitter) Spaces with Pal on September 16th, 2024 at 9AM ET focused on the tokenization of wine bottles and their global wine club. About Raoul PalRaoul Pal is the co-founder and CEO of Real Vision, the world’s preeminent financial media platform and Global Macro Investor, an advisory publication.Raoul retired from fund management in 2004 and started The Global Macro Investor in January 2005 where he was one of the relatively small number of investors to predict the mortgage crisis of 2008-2009. Previously, he was a co-head of hedge fund sales in equities and equity derivatives at Goldman Sachs in London. Raoul is also the CEO and co-founder of Exponential Age Asset Management founded in 2021. Raoul is currently a board member of the Sui Foundation. About dVIN LabsdVIN Labs is the development team behind the dVIN protocol which is designed to leverage a combination of data, DePIN and tokenization to bring wine, a $1T real world asset class, on-chain. The dVIN Protocol leverages blockchain technology to both allow wine enthusiasts to monetize their data and be rewarded for their wine activity, purchases, and loyalty. While winemakers simultaneously incentivize these wine lovers to share consumption data and personal data in order to drive deeper consumer relationships, making their businesses more responsive, efficient and potentially profitable. To learn more about dVIN Labs and the dVIN Protocol, please visit: https://dvinlabs.com MEDIA CONTACT M Group Strategic Communications for dVIN Labs: [email protected]@mgroupsc.comThis article was originally published on Chainwire More

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    in Cryptocurrency

    Bitcoin Critic “Black Swan” Author Praises Gold as Central Banks Stacking It

    He also drew his followers’ attention to the real “de-dollarization” taking place around the world. Meanwhile, Taleb continues to criticize the world’s flagship cryptocurrency, Bitcoin.He clarified that this process is not about trade settlements, because these transactions are still labelled in U.S. dollars as an “anchor currency.” However, Taleb mentioned an important detail. He said that despite settling transactions in U.S. dollars, central banks, especially those from the BRICS countries – Brazil, Russia, India, China and South Africa, have been storing gold. These banks have been putting their free reserves into this risk-off asset.He also proudly pointed out that gold has surged by approximately 30% year-on-year – spot gold has seen an increase from $2,043 on Jan. 2 to $2,508 on Sept. 10.However, in 2020, he switched sides, stating that he had become disappointed in Bitcoin due to its high volatility. Since then, he has claimed Bitcoin to be a “tumor” in the body of the economy and has been taking every chance to criticize it.Earlier this year, Taleb teased a new book he is working on at the moment. It will be called the Lydian Stone (also famous as the “touchstone”). That is a flint stone that used to be leveraged by people to verify the quality of silver and gold. The book will be “partly on how humans get confused by sequences,” according to Taleb. “It also maps to the arrow of time and Entropy,” he specified.This article was originally published on U.Today More

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    in Cryptocurrency

    Ancient Bitcoin Wallet Sees Epic Awakening After 11 Years of Dormancy

    Whale Alert reported: “A dormant address containing 185 BTC ($10,553,799) has just been activated after 11.0 years.”The wallet, which had remained untouched for over a decade, resurfaced, attracting interest from the crypto community. The reasons behind its long dormancy and sudden activation remain unknown, fueling speculation ranging from forgotten investments to strategic long-term holdings.The owner of the wallet, whose identity remains unknown, from indications now holds a significant fortune.With Bitcoin’s value skyrocketing over the past decade, what was once a relatively modest sum is now a multimillion-dollar fortune. The BTC stored in the wallet was likely purchased when Bitcoin traded for less than $100 per coin, compared to its current price hovering above $56,000The rest of the crypto market was also trading in red, save for a few crypto assets such as Internet computer (ICP), which was up 11% in the last 24 hours. Dogecoin, PEPE, SUI and BONK recorded losses of nearly 4%.The yen rose sharply in late July after the Bank of Japan raised interest rates for the first time in decades, sparking an unwinding of risk-on yen carry positions.According to Glassnode, the CVD metric can determine the current net balance of market buying and selling pressure on spot markets. Using the same method, Glassnode found that investor sell-pressure has increased over the last 90 days, contributing to the downward trend in Bitcoin’s price action.This article was originally published on U.Today More

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    in Cryptocurrency

    Allegiance Oil & Gas with Over $1B in AUM Offers First Mineral Vault on Plume Network

    Plume Network, the first modular EVM chain built to bring any real world asset (RWA) onchain, is proud to launch on Plume the Mineral Vault fund (“Mineral Vault”) of the Allegiance Oil & Gas family of companies, which holds over $1 billion in assets under management (AUM). This deployment simplifies the complexities of mineral interest management while also opening new investment opportunities for a broader range of participants. By leveraging Plume’s composable RWAfi infrastructure, users on both Plume and Mineral Vault will benefit from increased liquidity, streamlined portfolio management processes, and enhanced transparency. Mineral interests, unlike speculative cryptocurrencies, are tied to commodities and offer stability and diversification. Mineral Vault’s launch represents a significant opportunity to diversify into RWAs and enter the emerging onchain commodities market, which currently has limited options.Tokenizing mineral interests provides a stable investment, offering financial exposure to resource production like gold, silver, coal, and primarily crude oil and natural gas in the U.S.ContactCMOTiffany LungPlume [email protected] article was originally published on Chainwire More

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    in Cryptocurrency

    Dune Becomes the Most Comprehensive Onchain Data Hub for Polkadot’s 50+ Parachains

    New Integration Expands Dune’s Coverage Across the Entire Polkadot Ecosystem, Delivering Unmatched Onchain AnalyticsZurg, Switzerland, September 11th 2024 – Dune, the leading platform for onchain analytics, announces the integration of 50+ parachains from the Polkadot ecosystem. With this expansion, Dune solidifies its position as the most comprehensive data hub for Polkadot, offering unparalleled insights and analytics for developers, investors, and data enthusiasts alike.Earlier this year, Dune launched support for Polkadot, Kusama, and six parachains. Now, the platform takes a major step forward by expanding coverage to include the entire Polkadot ecosystem. This integration enables users to explore, analyze, and visualize all onchain activities across Polkadot in real time, making Dune the go-to destination for data-driven decision-making.Polkadot’s ecosystem, known for its diverse and innovative parachains, generates a vast amount of data. Navigating this complex network can be a challenge. Dune’s expanded support simplifies access to crucial onchain data, empowering users to gain deeper insights into Polkadot’s dynamic ecosystem.The newly integrated parachains include Moonbeam, which specializes in smart contracts and cross-chain DeFi; Acala, known as Polkadot’s hub for decentralized finance; Phala, which focuses on privacy-first DePIN and AI solutions; and Mythos, a protocol bringing AAA decentralized gaming and hugely popular franchises to Polkadot. These integrations, along with dozens of others, position Dune as the most expansive source for Polkadot’s onchain analytics, allowing users to track transaction flows, analyze DeFi activity, and monitor developments in gaming and NFTs—all within a single, comprehensive platform.FredrikHaga, CEO of Dune shared, “Polkadot and its Substrate-based chains form a vast and complex ecosystem. With this integration of 50+ parachains, our goal is to make that complexity easier to navigate. We want to give people a clear, accessible view of what’s happening across the network, so they can focus on innovation and building with confidence.” This milestone integration was achieved through Dune’s partnership with Colorful Notion. Together, the teams developed a streamlined process for integrating new parachains, ensuring Dune’s data remains comprehensive, accurate, and reliable.Dune’s integration also includes enhanced functionality through the Dune API, allowing users to convert any query into a flexible API endpoint. This feature offers greater flexibility for developers and analysts, enabling them to seamlessly incorporate Dune’s data into their own applications.To learn more about the latest Polkadot integrations, readers can visit Dune’s Polkadot Analytics.About Dune Dune is a leading data analytics platform that democratizes access to onchain data by enabling users to query, visualize, and share insights across various blockchains. With over 700,000 community-contributed data tables, Dune supports comprehensive analysis of tokens, wallets, protocols, and more. The platform’s recent launch of the Dune API extends its capabilities for automated reporting, alerting, and integration into user applications. For more information, readers can visit https://dune.com/home About PolkadotPolkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, you’re not just a participant, you’re a co-creator with the power to shape its future.ContactJonathan [email protected] article was originally published on Chainwire More

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    in Economy

    Shifting election bets boost solar stocks, weigh on crypto after fiery debate

    NEW YORK (Reuters) -Investors scrambled to shift their positioning on Wednesday following a closely-watched debate between Republican Donald Trump and Democratic Vice President Kamala Harris, as betting markets swung in Harris’ favor after the event.Shares of Trump Media & Technology Group, the company that owns the Truth Social, slumped around 14% in premarket trading, while solar stocks rallied. The dollar edged lower against Asian currencies following the debate but rebounded after U.S. consumer price data. U.S. cryptocurrency shares fell in premarket trading, while bitcoin was off around 1.5%.In a combative debate late Tuesday, Trump and Harris clashed over everything from the economy to immigration and Trump’s legal woes, as each sought a campaign-altering moment in what has been a closely-fought race. Their exchanges left investors with few new details on issues that could sway markets, including tariffs, taxes and regulation. But online prediction markets showed bets on a stronger likelihood of a Harris win in November: Harris’ odds in PredictIt’s 2024 presidential general election market improved to 55 cents from 53 cents before the debate, while Trump’s odds slipped to 47 cents from 52 cents. There is a “general view that Harris won the debate,” said Alvin Tan, head of Asia FX strategy at RBC Capital Markets in Singapore. “It’s obviously not a slam dunk for Harris, but the chances of a Trump victory have slipped a bit.”The U.S. dollar was recently down 0.2% against a basket of currencies including the euro and Japanese yen. Stock futures were down around 0.3%, with investors awaiting consumer price data. U.S.-listed shares of solar companies, seen as benefiting from a Harris win, rose between 2.2% and 7.2% in premarket trading.At the same time, investors hammered the shares of Trump Media & Technology Group, which have been popular among retail traders and sensitive to the former president’s chances of a win in the 2024 election.While the presidential race is very much on investors’ minds, political concerns have lately coalesced with more immediate market catalysts, including worries over a potentially softening U.S. economy and uncertainty over how deeply the Fed will need to cut interest rates, investors said. The S&P 500 notched its worst weekly percentage loss since March 2023 last week after a second-straight underwhelming jobs report, though the index is still up nearly 15% this year.Still, some investors believe even a small shift in perceptions of the candidates could prove significant in a contest that could come down to tens of thousands of votes in a handful of states. The two candidates are effectively tied in the seven battleground states likely to decide the election, according to polling averages compiled by the New York Times.“The US Presidential debate achieved its goal by providing a decisive edge to one of the candidates in what has been an exceptionally close race,” said Charu Chanana, Head of FX Strategy and Global Market Strategist at Saxo. “Crypto and energy stocks might face headwinds as market sentiment adjusts to the shifting political dynamics.”Trump has positioned himself as a pro-cryptocurrency candidate.TAXES AND TARIFFS Trump has promised lower corporate taxes and a tougher stance on trade and tariffs. He has also said a strong dollar hurts the U.S., though some analysts believe his policies could spur inflation and eventually buoy the currency.Harris last month outlined plans to raise the corporate tax rate to 28% from 21%, a proposal that some on Wall Street believe could hurt corporate profits. On Tuesday night, Harris attacked Trump’s intention to impose high tariffs on foreign goods – a proposal she has likened to a sales tax on the middle class – while touting her plan to offer tax benefits to families and small businesses.Trump defended his tariffs proposal and said they would not lead to higher prices for Americans.The Chinese yuan, which had come under pressure in the U.S.-China trade war during Trump’s term, edged up against the dollar in early Wednesday trading. Trump also criticized Harris for the persistent inflation during the Biden administration’s term. Inflation, he said, “has been a disaster for people, for the middle class, for every class.”However, economic policies could be up in the air for a while longer. “There wasn’t much substantive discussion of policy,” Carson Group’s Varghese said. “Neither candidate advocated for vastly different economic policies than currently in place. Ultimately, a lot of economic policies that we see implemented next year will depend on the makeup of the Senate and the House.” More

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    in Cryptocurrency

    Dune expands onchain data coverage to all Polkadot parachains

    Following its initial support for Polkadot, Kusama, and six parachains earlier this year, Dune has expanded its coverage to include the entire Polkadot ecosystem. This addition allows users to analyze all onchain activities across Polkadot in real time, making it easier to access critical data and supporting data-driven decision-making.Among the newly supported parachains are Moonbeam, a smart contract and cross-chain DeFi hub; Acala, known for decentralized finance; Phala, focusing on privacy-first DePIN and AI solutions; and Mythos, which supports decentralized gaming. Dune users can now track transaction flows, DeFi activity, gaming developments, and NFTs on a single platform.Dune CEO Fredrik Haga said: “Polkadot and its Substrate-based chains form a vast and complex ecosystem. With this integration of 50+ parachains, our goal is to make that complexity easier to navigate. We want to give people a clear, accessible view of what’s happening across the network, so they can focus on innovation and building with confidence.”  The integration was developed in collaboration with Colorful Notion and includes improved features via the Dune API, enabling users to convert queries into flexible API endpoints for smoother integration into their applications.Although blockchain data is inherently on-chain and transparent, it can be challenging to interpret or analyze. The complexity and fragmentation of this data often pose obstacles for businesses and researchers looking to harness it for insights, innovation, or competitive advantage.Dune is structured to allow community members to use its abstraction layer, Spellbook, to analyze raw blockchain data, which would otherwise be a complex and time-consuming task. This approach makes it easier for data scientists, analytics professionals, and businesses to access a wide range of blockchain data across different protocols and solutions, including Polkadot, Arbitrum, Base, Bitcoin, Ethereum, Optimism, Solana, and more. More

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    in Economy

    US consumer prices rise moderately in August

    The consumer price index increased 0.2% last month after climbing 0.2% in July, the Labor Department’s Bureau of Labor Statistics said on Wednesday. In the 12 months through August, the CPI advanced 2.5%. That was the smallest year-on-year rise since February 2021 and followed a 2.9% increase in July.Economists polled by Reuters had forecast the CPI gaining 0.2% and rising 2.6% year-on-year. Though inflation remains above the U.S. central bank’s 2% target, it has slowed considerably, allowing policymakers to focus more on the labor market in their quest to sustain the economic expansion. Government data last week showed nonfarm payrolls increasing below expectations in August but the unemployment rate falling to 4.2% from near a three-year high of 4.3% in July, reducing the odds of a 50 basis point rate cut and boosting the chances of a quarter-point reduction.The labor is cooling amid a significant moderation in hiring, reducing the risks of inflation reigniting. Early on Wednesday, financial markets saw a roughly 29% probability of a 50 basis points rate cut at the Fed’s Sept. 17-18 policy meeting, according to CME Group’s (NASDAQ:CME) FedWatch Tool. The odds of a quarter-point rate reduction were around 71%.The central bank has maintained its benchmark overnight interest rate in the current 5.25%-5.50% range for a year, having raised it by 525 basis points in 2022 and 2023.Annual consumer price growth has slowed considerably from a peak of 9.1% in June 2022 as higher borrowing costs curb demand.Excluding the volatile food and energy components, the CPI climbed 0.3% in August after rising 0.2% in July. In the 12 months through August, the so-called core CPI increased 3.2%. That followed a 3.2% gain in July. Some economists cautioned that lingering stickiness in core inflation argued against a half-point rate cut next Wednesday. More