Cryptocurrency

In a comment, while debating with a Bitcoin enthusiast, Bass extended his thought, saying that the Chinese intelligence service may have created BTC by the anonymous hands of “Satoshi” in order to undermine the economic leadership of the U.S. and U.S. dollar in the world.Notably, China first banned crypto ICOs in 2017, then expanding its ban on crypto trading and mining in 2021. Over the past years, the country has been testing its own central bank digital currency (CBDC), initially called DCEP (digital currency electronic payments) and now known simply as e-yuan.In a recent social media post on X, Samson Mow stated that he was in China in 2009 — the year of Bitcoin creation. Describing what he was busy with in that country, Mow tweeted: “Then ran the biggest #Bitcoin exchange in China, and left to infiltrate @Blockstream.” In a recent X post, he jokingly stated that he did not create BTC.Blockstream is the company founded and run by cryptographer and cypherpunk Adam Back, with whom Satoshi corresponded, discussing Bitcoin, which made Back one of the “Satoshi candidates.” Hence, Mow’s recent nickname “the former colleague of Adam Back” given to him by the creators of the HBO documentary about Satoshi that is coming out next week. Mow found that joke funny, making a post on his X page a few days ago.Mow said that the first character matches the first one in the spelling of “China.” “It just can’t be coincidence,” he wrote.This article was originally published on U.Today More

Tectum, the fastest blockchain network globally with 3.5 million transactions per second, announced the release of the SoftNote Wallet App on iOS, marking a significant step toward mass adoption of its SoftNote technology. Previously accessible only through a web interface, SoftNote now allows users to conduct instant and zero-fee crypto transactions directly from their mobile devices. Android users can look forward to the app’s release later this month.The SoftNote Wallet App is currently available in the Apple (NASDAQ:AAPL) App Stores in the USA, Russia, Turkey, India, and Brazil, with more markets to follow in the coming months, bringing this game-changing technology to a growing global audience. With SoftNote, Tectum eliminates the need for intermediaries, offering a seamless, bankless payment experience for users globally.For more information, users can visit https://www.tectum.io.ContactPR LeadDiana FelkinaCrispmind Ltd.dianafelkina@softnote.comThis article was originally published on Chainwire More

Partners Using Smart Contract Library, AI-Powered Tools Include Monad, Berachain, Polygon, Sui, Linea, and MoreCookbook.dev, the AI-powered Web3 developer ecosystem, has partnered with the most advanced blockchain networks to make it easier and faster for them to onboard developers, deploy more projects, and grow. Partners using Cookbook.dev’s comprehensive smart contract library and AI-powered ChefGPT assistant include Monad, Berachain, Polygon, Sui, Superfluid, Linea, Camp, Celo, Pyth, Fuel and many more.Web3 has an innovation problem. The vast majority of “new” protocols are forks of existing projects, have no way to achieve sustainable revenue, and/or lack utility for retail users. The lack of new ideas stems from a lack of developers to create and build them – the total number of Web3 developers is approximately 22,000, less than 0.1% of the estimated 27 million developers worldwide.Nevertheless, Web3 has struggled to onboard more devs because the space lacks adequate support and tools for developers learning or working in Solidity, Move, and other growing Web3 programming languages. Cookbook.dev’s developer ecosystem addresses these concerns by offering a library of 1,800+ audited smart contracts, one-stop information hubs for individual blockchains, a playground for coding and testing, and an analytics dashboard with insights about onchain dev activity. Its proprietary AI chatbot, ChefGPT, is available to help Web3 developers at any time, in any language.Here’s what other people are saying about Cookbook.dev:Nirav Murthy, Camp.L2 Co-Founder: “Cookbook.dev is enabling Camp to onboard more developers and accelerate ecosystem growth by providing access to curated resources that boost productivity. With trusted OpenZeppelin implementations, Cookbook.dev’s no-code deployment toolkit, coupled with its AI Assistant, reduces friction in the development process and creates new opportunities for unique social experiences built on Camp.”Nick Alexander, Fuel Labs CEO: “Cookbook.dev has been essential for us as our primary docs AI partner to ensure that developers can easily access our wide range of books for Fuel. Very excited to have them as a development partner in our ecosystem.”Aditya Arora, Pyth Data Association Developer Relations: “Cookbook.dev gives Pyth enthusiasts a platform to quickly fetch and find answers from Pyth’s documentation, website, and public repos. It drastically decreased the time developers need to integrate Pyth. Additionally, Cookbook.dev helped improve the documentation thanks to the feedback provided by our users and developers searching on our docs.”Helwan Mandé, Coreum Network Expansion Lead: “Cookbook.dev streamlines the developer learning process by acting as a pair programming buddy, helping developers quickly get familiar with the Coreum ecosystem and start building with confidence. By lowering the barrier to entry, it accelerates onboarding, enabling more devs to deploy projects and contributing to faster ecosystem growth!”azeem, Morph Cofounder & COO: “Morph is always looking for opportunities to improve the onchain builder experience. And having Cookbook.dev integrated in our docs makes it so much easier for devs to onboard, build, and deploy in our ecosystem. Our devs and devrels love Cookbook.dev — integrating it has been a huge win for us.”Dipesh Sukhani, BuildBear Labs CEO & Co-founder: “At BuildBear Labs, we strive to create a seamless development environment for Web3 developers, and integrating Cookbook into our platform has been a game-changer. Cookbook’s extensive library of smart contracts allow developers to quickly find, import, and customize smart contracts directly into our Sandbox environments. This integration significantly reduces the development time while ensuring the use of high-quality, trusted contracts for building and testing dApps.”Vanshika Srivastava, Gnosis.io Developer Relations Manager: “Cookbook.dev is a great developer hub for devs who want to quickly and easily spin up a project in hackathons! Recommended by the OGs at Gnosis!”Mark Smargon, FuseChain CEO: “Cookbook has been a key catalyst in helping Fuse grow its ecosystem by empowering developers with easy access to smart contract libraries. Its streamlined approach has reduced friction in the development process, enabling us to support more projects and foster innovation across the Fuse network.”Francesco Renzi, Superfluid Founder: “Integrating Cookbook.dev into our docs has made it so much easier to build and deploy and Superfluid. Our devs and devrels love it. The replies have become increasingly precise, and we’ve found ourselves using it more than the search bar.”—About CookbookCookbook.dev is Web3’s home for devs. Its AI-powered developer ecosystem massively accelerates researching, building, and deploying smart contracts. Cookbook.dev includes a library of 1,800+ audited smart contracts from across Web3. Its AI chatbot, ChefGPT, is available to help with research, planning, questions, and troubleshooting — at any time, in any language. Cookbook.dev also includes a playground so devs can code and deploy faster. And it tracks dev usage in an analytics dashboard for insights and feedback about onchain dev activity. With nearly 100 protocol partners including Monad, Berachain, Celo, and many more, Cookbook.dev is the fastest way to onboard more devs, deploy more projects, and grow any blockchain ecosystem – faster. Tyler Sehr founded Cookbook.dev in 2020.Social media links: Website | X [Twitter] | Discord | For media inquiries or more information, please contact:Patrick BrendelExecutivepatrick@cryptocontent.coContactExecutivePatrick BrendelC3patrick@cryptocontent.coThis article was originally published on Chainwire More

Known for his vocal and indisputable support for the major cryptocurrency, Michael Saylor’s latest remarks only underscore his belief in the long-term potential of Bitcoin.As the price of BTC has seen a quick pump off key support levels to over $62,000, the CEO of MicroStrategy has accompanied the action with just one word: “bullish”. That was it for words, but it was not the whole post, as Saylor also attached an AI-generated image showing him riding a bull with the Bitcoin logo on its forehead. This was characteristic for the businessman, and while such a social media presence may seem unconventional, the cryptocurrency itself is also unconventional, so it is the perfect match.However, it is not all sweetness and light as a strong increase in labor market activity casts doubt on the existence of any cooling. With such statistics, any sharp steps to cut the rate by 50 bps are out of the question. Rather, the question is whether the rate should be cut at all in November. If a rate cut does not happen, the money printer that many market participants are expecting will not start anytime soon.This article was originally published on U.Today More

This article was originally published on U.Today More

As you might expect, such an ambitious approach to one of the best-kept secrets of our century caused a stir in the market, and everyone’s head was turned toward Oct. 8 as the release date. Of course, amid all the anticipation, rumors and speculation about who Satoshi really is have begun to spread, and old theories have resurfaced. Back, who is active on social media, addressed the resurfaced speculations with just two words “not me,” strongly denying any shadow of being Satoshi Nakamoto. At the same time, the British cryptographer is known to be taking part in the upcoming series.Among other highly discussed options of the identity of the Bitcoin creator was James A. Donald, an anonymous Canadian cypherpunk, who was one of the first critics of Bitcoin, and Len Sassaman, American technology specialist and cryptographer.This article was originally published on U.Today More

Prediction market Polymarket is now accepting bets on who the documentary will name as the true Satoshi. Numerous well-known candidates are leading the predictions, which is surprising given the platform’s output. Len Sassaman is leading the charge with a 45% chance of becoming Satoshi, according to Polymarket betting results as of Oct. 8, 2024.Sassaman, a cryptographer and privacy advocate, has long been seen as a potential candidate because of his familiarity with cypherpunk communities and his depth of knowledge in the field. Despite his tragic death in 2011, many think Sassaman is a strong candidate because of his extensive experience in cryptography. Second place with a 15% chance goes to Hal Finney, a pioneer in cryptography and one of the first users of Bitcoin. Finney is renowned for having received the very first Bitcoin transaction from Nakamoto, and speculation about his role in the early stages of the cryptocurrency has increased. Some speculate that Finney may have known the true identity of or been operating under the alias Satoshi. Other well-known individuals with considerably lower odds are Nick Szabo and Adam Back at 2% and 7%, respectively. The origin of Bitcoin is commonly attributed to Szabo, a computer scientist well known for his work on digital contracts. The betting markets are dubious about his claim to be Nakamoto despite these ties. Though there is less of a likelihood that Adam Back, the creator of Hashcash, is Satoshi, he has also been suggested as such. Notably, Craig Wright, who has openly asserted his identity as Nakamoto, is only 1% likely to win. His controversial claim has been largely rejected by the Bitcoin community due to a lack of convincing evidence. Last but not least, 38% of wagerers think the documentary will either name more than one person or not reveal who Satoshi is. The world of cryptocurrencies continues to watch and speculate as the HBO documentary’s release date draws near with no clear answers.This article was originally published on U.Today More

The presentation described the features of Bitcoin in comparison to conventional financial assets like U.S. gold and Treasuries. The presentation’s main conclusions indicate that in contrast to the U.S. markets’ variable supply, BlackRock views Bitcoin’s supply as fixed. S. Treasury bonds and the gold supply are somewhat fixed. But in contrast to the relatively low volatility of U.S. stocks, volatility for Bitcoin is still high. The short track record of Bitcoin, in contrast to the medium and long histories of gold and Treasuries, is another significant distinction. However, Bitcoin differs from U.S. currency in that it is a decentralized asset akin to gold’s money reserves. The presentation’s second section concentrated on Bitcoin’s volatility and relationships with other assets, especially gold and stocks. Since Bitcoin and the stock market have little historical correlation, Bitcoin is a desirable portfolio diversifier. Even though it is highly volatile, its volatility has declined over time, which has added to its increasing market maturity. The last section focused on the potential effects that even modest Bitcoin holdings could have on a conventional portfolio. Proposed were scenarios in which Bitcoin was allocated 1% to 5% of the portfolio. The results indicated that despite higher volatility, portfolios with Bitcoin experienced better returns and risk-adjusted metrics. Better returns are achieved with higher Bitcoin allocations, but risk metrics such as drawdowns are sharper. The wider market may continue to develop, bridging the divide between cryptocurrency and more established financial systems, as institutional players like BlackRock begin to include Bitcoin in their portfolios and see it as a viable alternative to traditional assets.This article was originally published on U.Today More