Cryptocurrency

The personal consumption expenditures price index increased 0.2%, seasonally adjusted for the month, while the 12-month inflation rate was 2.1%, in line with Dow Jones projections.The PCE data serves as the Fed’s primary inflation gauge, while policymakers also monitor some other measures. Fed policymakers aim to keep inflation at 2% per year, a level it has not reached since February 2021. The headline rate for September fell by 0.2 percentage points from August.However, the core inflation rate was 2.7%, up 0.3% from the previous month. The data comes as markets bet heavily that the Fed might lower its benchmark short-term borrowing rate when it meets next week.As investors digest the latest economic data, cryptocurrencies have broadly traded in the red, with significant losses reported across the board. Bitcoin, Shiba Inu, Pepe, Chainlink, Bonk and WIF had losses ranging from 1.7% to 7% in the last 24 hours.The selling has resulted in a wave of liquidations worth around $136 million, according to CoinGlass data.Inflation rates have been a major concern for crypto markets, particularly because they could influence the Federal Reserve’s monetary policy decisions. A lower inflation rate may indicate a looser policy stance, causing optimism among crypto investors, who see it as a potential driver for price increases, whereas high inflation rates remain unfavorable for risk assets, including cryptocurrencies.In the coming days, the market will likely pay close attention to any hints from the Fed regarding its next policy measures. Policymakers are currently in a “blackout period” before the Nov. 6-7 meeting, which means they will not be providing remarks based on data releases or about their overall policy and economic expectations.This article was originally published on U.Today More

Chorus One, a leading provider of staking infrastructure for over 60 networks, today announced the launch of TON Pool (NASDAQ:POOL), a new staking solution designed to simplify and optimize Toncoin staking for institutions and investors. With a focus on addressing the limitations of current staking models on the TON blockchain, TON Pool offers a flexible, cost-effective, and scalable staking solution that meets the needs of custodians, exchanges, wallets, and institutional investors.A solution to Toncoin’s current staking limitationsThe TON blockchain is gaining traction as a powerful platform for decentralized applications, but existing Toncoin staking mechanisms—such as the Nominator Pool and Single Nominator contracts—present significant limitations for institutional players.According to the team, high minimum staking requirements, limited delegator capacity, and the operational complexity of managing multiple pools are key challenges that prevent large institutions from efficiently staking Toncoin at scale.Currently, they add, the Single Nominator contract requires a minimum of 300,000 TON, limiting accessibility for many institutions. Moreover, both staking models restrict the number of delegators and require manual management, resulting in higher transaction fees and reduced yields due to complex pool monitoring.Recognizing these limitations, Chorus One developed TON Pool, a solution specifically tailored for large-scale staking operations that eliminates inefficiencies and provides a more seamless staking experience.Key benefits of TON PoolAbout Chorus OneChorus One is a leading institutional staking provider, operating infrastructure for over 60 networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, Chorus One has been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001-certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, users can visit chorus.one or follow them on X (formerly Twitter), and LinkedIn.ContactHari Iyerstaking@chorus.oneThis article was originally published on Chainwire More

This is not the end of the story, as his farewell caption was accompanied by a screenshot of MicroStrategy’s stock prospectus supplement, which implies raising $21 billion in capital through the sale of Class A common stock.The news that the software producer is looking to raise $42 billion over the next three years broke yesterday in the midst of MicroStrategy’s earnings report. Specifically, half, or $21 billion, will be raised through the sale of MSTR stock. There is symbolism here, a sort of homage to Satoshi and Bitcoin, as the initial total supply of the major cryptocurrency is exactly 21 million BTC. This is also what Saylor seemed to be referring to in his message to Satoshi today. The company plans to use the funds raised by this offering to buy more Bitcoin. MicroStrategy has currently invested nearly $10 billion to acquire 252,200 BTC. With the new offering, the software maker could double its previous investment, bringing the total to $30 billion once the deal is closed.This article was originally published on U.Today More

This tweet was published on the 16th anniversary of Satoshi releasing the Bitcoin whitepaper.The recent release of the HBO movie made ripples throughout the cryptocurrency world, and the director faced major backlash for naming an early Bitcoin developer, Peter Todd, as Satoshi.Another Satoshi candidate, Adam Back, along with his former colleague and now the CEO at JAN3, Samson Mow, believes that the world will never find out who Satoshi was. Bitcoiner and VC investor Anthony Pompliano has publicly stated that the world is better off not knowing who he was or is.Over these 16 years, Bitcoin has come a long way from trading at less than $1 to changing hands at $72,000 and becoming the “digital gold” and a store of value now embraced by Wall Street.Yesterday, one of the leading corporate Bitcoin holders (and a pioneer in betting on BTC), MicroStrategy, announced that within the next few years, it plans to raise $42 billion to add more Bitcoin to its stash that is growing regularly.This article was originally published on U.Today More

Bitcoin (BitfinexUSD) seems to be taking a bit of a pause as October wraps up, trading around $70,600 in early US trading, down about 2.35% in the past 24 hours. ETH/USD lost 4.7% while Polkadot was down about 5%. Despite today’s slump, the original cryptocurrency have climbed over 8% this week. Moreover, spot Bitcoin ETFs saw strong inflows, pulling in $893 million on Wednesday for its second day in a row above the $850 million threshold. Most of this demand was led by BlackRock (NYSE:BLK)’s IBIT, which alone brought in $872 million.With earnings season underway, traders are also gearing up for the U.S. presidential election and key economic reports, like next nonfarm payrolls numbers, looking for hints on rate cuts from the Federal Reserve.”Stocks are sliding in the US this morning for a variety of reasons, including underwhelming mega-cap tech earnings Wed night (META had some warnings about elevated costs while MSFT provided Dec Q revenue guidance that fell short of expectations),” Vital Knowledge analysts said.Wall Street slipped on Thursday as Microsoft and Meta’s warnings about rising AI expenses cooled the excitement around megacap stocks.Meta Platforms Inc (NASDAQ:META) shares dipped 2.8%, and Microsoft Corporation (NASDAQ:MSFT) fell 5.1%, even though both topped earnings expectations in their Wednesday reports. Adding to the pressure, the United States 10-Year edged up past 4.3%, weighing further on stocks.Bitcoin has been closing in on its all-time high this week, rising from around $71,000 to past $73,500 by Tuesday. This upward momentum comes just a few days before the U.S. elections—a time many traders view as bullish for the markets regardless of the results. Polls show a tight race between Donald Trump and Kamala Harris, stirring up market speculation as Bitcoin nears its all-time high of $73,798, last seen in March. The recent surge has brought the most-traded cryptocurrency within striking distance of this peak, adding to the pre-election excitement in the market. More

Nexo redesigns its innovative solutions for long-term digital wealth building with 24/7 advanced client care on Bitcoin Whitepaper Day. Nexo, a leading digital assets institution, today announced its major rebrand and platform redesign, marking its evolution from a crypto lending pioneer to the first comprehensive and compliant digital assets wealth platform. Unveiled on Bitcoin Whitepaper Day, this step reflects Nexo’s growth and broader strategic vision for empowering forward-thinking investors to grow, preserve, and utilize their wealth. Following 20 months of client research across 5,000 users in 23 countries, Nexo’s revamped platform – with a new logo, website, and enhanced user interface – responds to the growing demand for sophisticated, yet flexible digital asset solutions. This evolution aligns with the needs of those who recognize the power of cryptocurrencies to create long-term value, as Nexo continues on its mission to drive the next generation of wealth.Nexo evolves with the maturing crypto landscapeNexo has been at the forefront of this evolution. With a robust business model and diverse offerings, Nexo has earned the trust of both retail and institutional investors across more than 200 jurisdictions. Its impressive track record – over $320 billion in processed transactions, $8 billion in crypto credit issued, and $945 million in interest paid out – cements its new direction: shaping the next generation of wealth.A new look for a new eraNexo’s new brand and visual identity reflect its mature, focused direction, namely “Driving the next generation of wealth” – in line with the discerning nature of crypto holders.The revamped identity integrates movement and precision, symbolizing Nexo’s commitment to client prosperity and forward-thinking solutions. Central to the upward-flowing logo pattern are two key concepts: human resilience – represented by a spiral – nods to the perseverance and adaptability inherent in human DNA, and exponential growth – captured by mathematically precise diagonals – shows the boundless opportunities of digital assets.Inspired by the modern, active lifestyle of Nexo’s clients, the new identity blends soft greys and beiges with energetic greens to capture today’s opportunities. Flowing patterns and precise elements convey both flexibility and security, resonating with Nexo’s clientele which demands innovation and reliability in managing their wealth.Nexo’s 360° product suite aligns perfectly with these demands and offers:Looking ahead, Nexo is evolving its suite of digital asset wealth tools with a strong focus on compliance and security systems built for long-term stability. The company continues to pursue strategic partnerships and international expansion, solidifying its position as the world’s leading digital assets wealth platform.For more information about Nexo’s ‘Wealth Forward’ strategy, users can visit https://nexo.com/brand.About NexoNexo is a premier digital assets wealth platform empowering clients to grow, manage, and preserve their crypto holdings. Our mission is to drive the next generation of wealth by prioritizing customer prosperity and delivering tailored solutions for building long-term value, supported by 24/7 client care. Since 2018, Nexo has been delivering unmatched opportunities to forward-thinking clients across more than 200 jurisdictions. Our all-in-one platform combines cutting-edge technology with a client-centric approach, offering high yields on flexible and fixed-term savings, crypto-backed loans, advanced trading tools, and liquidity solutions through the first debit/credit crypto card. Backed by deep industry expertise, a sustainable business model, robust infrastructure, security, and global licensing, Nexo champions innovation and long-lasting prosperity.Official website: nexo.comNote: Some of the products and services are unavailable to citizens or residents of certain jurisdictions, including where restrictions may apply.ContactNexo Communications TeamNexopr@nexo.comThis article was originally published on Chainwire More

Mawari Network, a spatial computing DePIN (Decentralized Physical Infrastructure Network), has announced a limited node license sale. Already a pioneer in immersive content, the node sale will make Mawari’s 3D streaming technology more scalable and accessible for content creators and developers. This node sale will help create a global, decentralized spatial computing infrastructure as the market for extended reality devices like the Apple (NASDAQ:AAPL) Vision Pro, Meta (NASDAQ:META) Orion, and Meta Quest 3 is projected to reach more than 100 million units in the next five years. As demand for immersive experiences grows, Mawari is building a network that can grow with it. Mawari’s infrastructure is optimized for the demanding needs of immersive experiences, positioning Mawari as a key actor in the emerging multibillion-dollar spatial computing market. Called “a sleeping lion” by Samsung (KS:005930) Next, Mawari is redefining and building the future of spatial computing. Its solution comprises the Spatial Streaming SDK and the Mawari Network. The SDK, supporting the Unity and Unreal engines, empowers developers to create seamless, immersive experiences. The Mawari Network, working in parallel, leverages a globally distributed network of GPU nodes to ensure low latency and optimal performance. The node license sale’s objective is to help scale the network, optimize its global performance, and ensure its resiliency.Node Sale DetailsThe node sale is scheduled for Q4 2024, building out the Mawari Network’s ability to perform compute-intensive tasks and efficiently deliver immersive 3D content on a global scale. The Mawari Network will be leveraging specialized GPUs around the world for advanced computation and streaming tasks, but a set of Guardian Nodes are needed to verify their work and the performance of the network overall as it serves multiple simultaneous immersive experiences. The node sale is for licenses to operate these critical Guardian Nodes.More specifically, Guardian Nodes’ responsibilities include assessing critical performance indicators like latency, bandwidth, and content quality to maintain the high standards necessary for immersive, real-time experiences. By monitoring the Mawari network, the community-run Guardian Nodes will make it more performant and more resilient, ensuring it can scale securely as it grows.Details of the node license sale will be announced soon.About MawariMawari is setting the standard for decentralized spatial computing and immersive content delivery. The Mawari Network powers real-time streaming of immersive content through a global network of compute nodes. Mawari is optimizing XR for awe, creating unforgettable experiences and revolutionizing how creators engage audiences at scale.Mawari Network built the foundational technologies to power the next generation of interactive media, fully realizing the possibilities of virtual worlds existing seamlessly alongside our physical reality. Its core technology, the Mawari Engine and Spatial Streaming SDK, runs on the Mawari Network — the world’s first and only DePIN (Decentralized Physical Infrastructure Network) that orchestrates storage, bandwidth, and rendering in real-time for spatial computing.Bypassing the rendering limitations of existing mobile devices and content delivery networks, Mawari’s global network of compute nodes has already powered activations from digital fashion shows to concert visualizations. The Mawari Network’s peer-to-peer architecture was purpose-built to scale spatial media streaming requirements with a community-centered ethos.Website: https://mawari.net/X (Twitter): https://x.com/mawariXRDiscord: https://discord.gg/mawariContactWill Haskinswill@serotonin.coThis article was originally published on Chainwire More

On Oct. 31, 2008, Nakamoto released the nine-page whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System,” which introduced a purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without the use of a financial institution. This document would go on to outline the framework for a decentralized, digital currency powered by blockchain technology, marking a pivotal moment in the history of cryptocurrencies. Bitcoin historian Pete Rizzo spotlighted the 16th anniversary of the Bitcoin white paper in a recent tweet, referring to it as “the perfect day to start the next bull run,” a sentiment that coincides with Bitcoin’s recent rise beyond $73,000. Since its publication, the whitepaper has not only aided Bitcoin’s prominence but has also laid the groundwork for an entire ecosystem of cryptocurrencies and blockchain applications. The paper continues to inspire innovation in a variety of domains, including decentralized banking and digital identity verification.The Bitcoin white paper proposed a solution to the double-spending problem using a peer-to-peer network. Building on ideas like Adam Back’s “Hashcash,” Satoshi adapted the preexisting proof-of-work concept in order to address the double-spending problem.At the time of writing, Bitcoin’s price fell by 0.15% in the last 24 hours to around $72,302, according to CoinMarketCap. Bitcoin reached $73,624 on Tuesday, its highest level since March 14, when it set a record.Bitcoin has been trading in a restricted range of $55,000 to $70,000, so the price climb remains significant. It has flirted with the $70,000 mark numerous times this year, and previous attempts over that level have proven to be only blips.Bitcoin has benefited from the market’s larger risk-on sentiment, with stocks reaching record highs this month amid rising interest rates, the return of demand for Bitcoin ETFs and another Federal Reserve rate policy announcement on Nov. 7.Bitcoin’s price has grown by over 9% in the last week. The digital asset is on track to close October up 14%, its biggest month since March.This article was originally published on U.Today More