Cryptocurrency

Gurbacs believes that there are only a few entrepreneurs out there who actually support BTC and “believe in the money and capital markets revolution.” Those few in the tradfi space, Gurbacs specified, usually tend to be “family offices and quiet billionaires.”Agreeing with the point made by X user @MrHodl, Gurbacs said, “Thank Satoshi” for having the opportunity to stack Sats. “If they all got it, we’d be stacking much less sats today,” the user tweeted.Schwartz admitted that he indeed possesses all the necessary coding skills to be Satoshi. However, he said that he does not know Qt – a cross-platform framework of the C+ coding language.Still, Schwartz admitted that the idea that he could be Satoshi or part of the team who were Satoshi is plausible but not true.Bitcoin was launched in 2009, and Satoshi then disappeared from public view in 2010 after leaving his brainchild in the hands of BTC enthusiasts, among who were Hal Finney and Gavin Andreesen. In 2011, XRPL was created, and Charlie Lee launched Litecoin. In 2013, Jackson Palmer and Billy Markus used the Bitcoin code to create the original meme cryptocurrency, DOGE, as a parody of BTC, and launched it in December of that year.This article was originally published on U.Today More

Bitcoin network difficulty is a measure of how hard it is for miners to verify transactions and add them to a block for rewards. Network difficulty is computed every two weeks, and the metric rises with increasing computers plugging in to mine more Bitcoin. The opposite trend occurs when there are fewer entities plugged into the network.According to the data, the average network hashrate over the trailing seven-day period comes in at 572.18 EH/s, the biggest slump since at least December 2022. This drop, if sustained, means that for the same resources, miners can get additional output with amplified profitability. With the earnings report by crypto mining firms underway, thus far, the favorable mining difficulty is showcased in their enhanced revenue for the first quarter.The Bitcoin ecosystem is under an intense spotlight with the price of the underlying asset down by $61,135.59, or 2.29%, in 24 hours. The coin has been sliding since it recorded an all-time high (ATH) of $73,750.07. However, long-term traders are confident in the asset’s ability to stay resilient and potentially plot a rebound soon.At the moment, bullish sentiment hinges on the take by CryptoQuant CEO Ki Young Ju, who said the network can support more than 3x of its current valuation. For Bitcoin, this would imply a high of $256,000. With Morgan Stanley and Susquehanna reportedly embracing spot Bitcoin ETFs, the optics and potentials are notably well aligned.This article was originally published on U.Today More

The combination of the Taproot upgrade in November 2021, which introduced smart contract-like functionality to the Bitcoin blockchain through Schnorr signatures, Merkelized Abstract Syntax Trees (MAST) and Tapscript, and the advent of Ordinals in January 2023, which pioneered inscriptions of arbitrary data directly into Bitcoin transactions, paved the way for turing-complete applications on Bitcoin. Since then, the prospect of programmability on Bitcoin has spurred renewed interest in the world’s most secure blockchain, creating a surge of development activity including now over 50 Bitcoin “Layer 2 Networks.” While designed to leverage Bitcoin, these networks require takers to bridge assets to nascent networks, weakening the user experience and going against the core ethos of Bitcoin users in order to engage in DeFi on Bitcoin. Standing in contrast to them, Arch is the first bitcoin-native application platform; it brings bridgeless trading directly to the Bitcoin blockchain and does not require takers to bridge.“Ordinals marked a foundational shift in Bitcoin’s evolution. It signaled the beginning of a new era where Bitcoin could serve as more than just a payment ledger; it could leverage its strength and security to also be the canonical base layer for complex protocols. This moment paved the way for Arch. We’re building on Bitcoin’s unmatched security and liquidity to unlock an entirely new application ecosystem on the world’s more secure and liquid blockchain,” said Matt Mudano, the co-founder of Arch.“The Arch Network is a parallelized, proof-of-stake network that uses zk-proofs to enhance Bticoin-native programmability. The network consists of a Rust-based zkVM, called the ArchVM, and a decentralized verifier network. Together, these components form a trustless execution environment directly within the Bitcoin blockchain that allows for bridgeless trading experiences. Arch not only preserves the security and liquidity of Bitcoin but also significantly enhances its capabilities, enabling rapid, secure, and fully-verifiable applications on Bitcoin for the first time.“We’ve evaluated several Bitcoin Layer 2’s and all of them make the same set of trade offs that sacrifice security in exchange for speed. Arch is explicitly not a Layer 2 in the sense that takers do not have to bridge assets to some untrusted chain to use it. Bitcoin developers are excited to build on Bitcoin because it’s the most secure blockchain in the world. If they wanted speed, they would build on another network like Solana. Arch gives principled, Bitcoin-aligned users and developers the only way to build Bitcoin-native experiences without takers having to sacrifice custody of assets to a less secure, less decentralized Layer 2,” said Vishal Kankani, Investment Principal, Multicoin Capital. “Once the market appreciates this, we expect the vast majority of Bitcoin development activity to rapidly shift to Arch. Arch transforms Bitcoin from a store of value to a robust platform where a wide array of dApps—from finance to gaming and beyond—can thrive.”Several projects within the Bitcoin ecosystem have already started migrating to Arch. Liquidium, the premier borrowing and lending marketplace on Bitcoin, recently started incorporating liquidity pools leveraging Arch to support both instant-liquidity loans and fungible-token pools, something that Bitcoin, even Discrete Log Contracts (DLCs), are incapable of natively supporting. Currently, there are more than 20 stealth stage projects, across stablecoins, decentralized exchanges, borrow/lend markets and more, building on Arch’s devnet. As excitement around Bitcoin grows, the Arch Foundation plans to support the ecosystem through upcoming hackathon and grant programs.To start building bridgeless applications on Bitcoin, or to learn more about Arch, please visit https://www.arch.network. ### About Arch Arch is the first Bitcoin-native application platform—unlocking bridgeless DeFi on the world’s largest blockchain. The Arch Network is a parallelized, proof-of-stake network that uses zk-proofs to enhance Bticoin-native programmability. The network consists of a Rust-based zkVM, called the ArchVM, and a decentralized verifier network. Together, these components form a trustless execution environment directly within the Bitcoin blockchain that allows for bridgeless trading experiences. To learn more about Arch, please visit https://www.arch.networkAbout Arch Labs Arch Labs is a software development company focused on building innovative products and solutions that leverage the Arch Network, Bitcoin’s first native application platform. Arch Labs is a core contributor to Arch Network and works closely with the Arch Foundation to advance crypto innovation on the Bitcoin blockchain. To learn more about Arch Labs, please visit https://www.archnetwork.xyz/.About Multicoin CapitalMulticoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies. Crypto networks and companies will create trillions of dollars of value over the next decade. But investing in tokens is fundamentally different than investing in companies. New tools, heuristics, and security measures are needed to responsibly invest in this ecosystem. We leverage our deep understanding of blockchain technology and crypto markets to deliver exceptional returns. For more information, visit: https://multicoin.capital.ContactCEOMatt MudanoArch NetworkMatt@arch.networkThis article was originally published on Chainwire More

Van de Poppe tweeted that Bitcoin was currently in the range’s low, noting that this was technically the area prefered, allowing for the continuation of upward momentum and the maintenance of the range. He added that if this level failed to hold, there could be an expectation for a potential low of $52-55K during this correction, signaling a possible bearish trend on the horizon.The crypto market, renowned for its volatility, has been grappling with heightened uncertainty in recent weeks. Bitcoin, often regarded as a bellwether for the wider sector, has faced challenges in sustaining its upward trajectory amid regulatory uncertainties and macroeconomic factors. Concerns surrounding inflation and potential interest rate hikes on traditional financial markets have added to the apprehension among investors, influencing sentiment across the space.Given the prevailing market dynamics, analysts are meticulously monitoring Bitcoin’s price movements for any indications of a potential trend reversal. Van de Poppe’s warning regarding a potential dip below $55,000 is a stark reminder of the delicate nature of current market sentiment and shows the importance of implementing robust risk management strategies for traders.This article was originally published on U.Today More

Kiyosaki’s latest post underscores his belief that being prepared for adverse financial conditions is paramount. Urging his audience to move away from the metaphorical “Disneyland” of financial ignorance, Kiyosaki advocates for proactive measures to secure wealth, notably through astute investments in tangible assets like gold, silver and the increasingly prominent cryptocurrency, BTC.For Kiyosaki, the looming prospect of depression serves as a catalyst for proactive wealth-building, urging individuals to seize the moment and prepare diligently for the road ahead.This is not the first time Kiyosaki has sounded the alarm bells about economic instability. He posits that amid fear, doubt and uncertainty, Bitcoin stands out as a beacon of potential wealth accumulation, citing its resilience in the face of inflationary pressures and currency devaluation.Of particular interest is Kiyosaki’s bullish stance on Bitcoin’s price future trajectory. Forecasts of its value skyrocketing to staggering heights, including predictions of it reaching $120,000 by year’s end and a jaw-dropping half-million mark in the following year, have garnered attention and sparked discussions in financial circles.This article was originally published on U.Today More

Following April’s announcement that Yoton Yo Studios had secured a sizeable series A investment, and continues to attract world-leading blockchain grant funding, the independent studio released further details concerning its all-new genre defining phygital TCG game, Exfinitum Omniverse.Helmed by Peter J Wacks, creator of Cyberpunk CCG and an award-winning and highly acclaimed author of graphic novels, comics and major franchises; Exfinitum Omniverse was always going to be steeped in rich storytelling and narrative at its core.To supplement the talented Wacks and his writing team, the studio have significantly boosted their credentials and creative capacity with the appointment of Paul Jenkins and his Meta (NASDAQ:META) Studios outfit to the role of Creative Director in Residence.Jenkins is a serial award-winning creative with extensive accomplishments. These straddle writing for, and building franchises in the film, graphic novel and video game industries. During this time, he has won an Eisner, been nominated for BAFTAs, hit #1 on the New York Times Bestseller list, and worked with hundreds of world-renowned entertainment icons, from Teenage Mutant Ninja Turtles, Spider-Man, Batman, and The Origin of Wolverine to six platinum-selling video games.He is credited with playing a key role in the revitalisation of the Marvel Universe. His creations have been seen in multiple Marvel movies and video games,including Into The SpiderVerse, X-Men Origins: Wolverine, and the upcoming Thunderbolts movie, which sees the screen debut of The Sentry.Peter J Wacks commented “I’ve long held the belief that talent begets talent and never more so than when you put highest grade creatives in the same sandbox. I’m ecstatic that Paul and his team have come to join us. What they bring is not just exceptional creative talent and output, but ready-baked IP that fits Exfintium’s purpose and story arc. This is going to be a fun ride!”Paul Jenkins stated “I’ve been fortunate enough to enjoy success across books, comics, films and video games for three decades. It’s a genuine pleasure to have another opportunity in gaming and to help Peter and his team shape story and more. We both share very similar outlooks on the creative industries as a whole, and the immense opportunities and challenges they currently face.Jenkins continued, “My team at Meta didn’t hesitate to commit to YYS for the long-haul when we understood the game-changing nature of Exfinitum Omniverse, and what it represents as a phygital TCG with multiverse, cross-storytelling at its core. Weaving some magic between the merging worlds of web2 & web3 offers myriad new opportunities to develop story and content. Combined with the generative approach to technology that Peter and his engineers are developing for the game system, and contributing tech, our combined visions and expertise certainly promise a significant shift in the TCG genre”Meta Studios will be unveiling a raft of new IP via Exfinitum Omniverse including Fablewood, Sidekick, and Switchlings, as well as a soon to be announced Exfinitum Omniverse origin story titled Quantumverse.About Yoton Yo StudiosYYS is a games and technology company building new and groundbreaking software solutions to generate vastly improved experiences in gaming, asset pedigree and data usage.About Exfinitum OmniverseState-of-the-art innovation sits at the core of taking the traditional trading card game into a new realm that morphs multiverses in physical and digital play, enabling the same cards to be playable in multiple games. Discord https://discord.gg/exfinitumTwitter / X https://x.com/exfinitumExfinitum Omniverse https://www.theomniverse.info/Exfinitum https://exfinitum.com/Yoton Yo Studios https://www.yotonyostudios.com/ContactDirectorGary Burns1UP PR Ltd.garyb@1uppr.netThis article was originally published on Chainwire More

Since its creation in 2018, SimpleSwap has been committed to providing its customers with straightforward, swift, and secure cryptocurrency exchange services. Celebrating its six-year anniversary in the market, this platform takes pride in its achievements and the changes it has undergone during this time.Buying Cryptocurrency with FiatAt SimpleSwap, users have the option to buy and sell cryptocurrencies using fiat. Platform offers 30+ crypto that can be bought with a debit or credit card. After completing a transaction customers will receive their cryptocurrency directly on their wallets.Loyalty ProgramLoyalty Program is one of the most demanded features of SimpleSwap. The platform enables its customers to take full advantage of the benefits offered by their completed swaps. That’s why participants get BTC cashback for every finished transaction. In order to take part in Loyalty Program, customers can create an account and they’ll become participants automatically. Invite SystemSimpleSwap’s Invite System incentivizes users to invite friends and acquaintances to join the platform. By doing so, users can let their friends get a 50$ reward. The only rule here is that the referral has to finish one swap on the exchange. This initiative not only encourages user expansion but also creates a sense of community among participants.AnalyticsSimpleSwap also features an Analytical Section designed to provide users with valuable insights and data to make cryptocurrency trading decisions. This section offers a range of tools and resources to help users analyze market trends, track price movements, create portfolios and so on.Market EvolutionThe crypto market has experienced notable transformations since SimpleSwap’s inception. From the rise of new blockchain technologies to the emergence of decentralized finance (DeFi) and non-fungible tokens (NFTs), the market has evolved, presenting both opportunities and challenges for users and service providers alike. SimpleSwap has adapted to these changes, innovating its services.ContactSimpleSwap teammarketing@simpleswap.ioThis article was originally published on Chainwire More

Blocksquare, a tokenization infrastructure provider for real estate, is delighted to announce that its native token BST has been added to the fiat checkout system of global crypto on- and off-ramp Banxa. The integration will enhance the accessibility of BST, enabling users from around the world to purchase it using a wide array of local and international payment options, including Visa (NYSE:V), Mastercard (NYSE:MA), Apple (NASDAQ:AAPL) Pay, and Google (NASDAQ:GOOGL) Wallet.Renowned for its robust payment infrastructure that processes billions of dollars in transactions, Banxa’s commitment to widening financial accessibility aligns with Blocksquare’s goal of democratizing access to real estate investment. The feature is also expected to be directly integrated into Blocksquare’s marketplace solutions in the future, further simplifying the process for users to engage with real estate tokenization. Blocksquare is designed to power hundreds of marketplaces across the globe, representing a white-label solution clients can use to create, list, issue, sell, distribute, manage, track and trade properties tokenized on its protocol. A global leader in crypto payment solutions, Banxa is trusted by many leading web3 projects and exchanges such as Binance, OKX, KuCoin, and Huobi. It recently made headlines as the first company to join the UK Financial Conduct Authority’s (FCA) crypto register in 2024, a milestone which will see it expand its services to UK clients securely and in compliance with local regulations.Blocksquare continues to lead innovations in the Real World Asset (RWA) tokenization sector, which remains predominantly illiquid and confined to private markets. The platform’s revolutionary approach not only facilitates fractional property ownership but also enhances liquidity, making it possible for everyday investors to participate in real estate markets that were traditionally out of reach. To date, its operating system has onboarded over $95 million worth of real estate assets in 21 countries.Last year, Blocksquare achieved a landmark milestone by executing the first-ever notarization of a tokenized real estate asset and registering it into the national land registry of Slovenia. The achievement underscores the practical, real-world application and legal recognition of blockchain-based real estate transactions.About BlocksquareBlocksquare is an award-winning company developing the world’s leading blockchain-based real estate tokenization system. Headquartered in Ljubljana, Slovenia (EU), Blocksquare has developed a state-of-the-art system in close co-operation with Medius – the leading provider of enterprise software solutions in the CEE region.Blocksquare’s vision is to power 100s of platforms across the globe, connecting investors to real estate opportunities in their region. With its real estate tokenization protocol, anyone can start digitizing real estate assets at a fraction of the cost, while its white-label platform provides the quickest way to launch an online marketplace. Blocksquare expanded its operations into the realm of decentralized finance (DeFi) with Oceanpoint – a layer on top of their established tokenization infrastructure to create borderless access to real estate financing for anyone with an internet connection.About BANXABanxa’s mission is to accelerate the world to Web3 with its leading global on-and-off ramp solutions. Through its extensive network of local payment solutions paired with the required crypto licenses, Banxa gives its partners and projects access to global audiences with less friction and higher conversions. Banxa has a global team of Web3 natives – with operating headquarters in the USA, Europe and APAC regions.ContactCMOJulia Buchholzmarketing@blocksquare.ioThis article was originally published on Chainwire More