Cryptocurrency

Robust technical position: For the past few months, resistance has been formed by the upper edge of a descending channel, which Bitcoin is currently trading close to. Right now, the price is just shy of $64,000. Bitcoin might move closer to the much-anticipated $70,000 target if there is a clear breakout above this resistance and a fresh upward trend begins.Supporting moving averages: The price of Bitcoin is holding above significant exponential moving averages, which are the 26 EMA 100 EMA and 200 EMA. This indicates bullish momentum. Around $61,000, a solid support zone is formed by the convergence of these moving averages. The upward path of least resistance will persist as long as Bitcoin maintains its position above these levels.Market attitude: Risk-on attitude is evident in the larger financial markets, where equities are doing well and hedge funds are becoming more exposed to tech stocks. This general bullish atmosphere is probably going to spread to the cryptocurrency space, increasing the likelihood that Bitcoin will see a significant price shift this month.Because investors are seeking greater returns, risk assets like Bitcoin have historically benefited from this monetary environment. The allure of Bitcoin as a hedge against inflation is still strong – as long as inflation concerns persist.Historical pattern: Historically, October has been a favorable month for Bitcoin. This month has seen the beginning of five bull runs in the past, and many market observers think this year will be no different. As Bitcoin has already posted one of its best Septembers on record, the momentum could carry forward into October.This article was originally published on U.Today More

With over 2,000 attendees and 100 speakers, the events offered insights into Polkadot’s growing role in Web3, covering topics like governance, developer innovation, and navigating regulatory hurdles. Polkadot founder Dr. Gavin Wood gave a keynote on the future of digital identity in blockchain networks. He talked about the increasing need for systems that can tell the difference between actions done by humans and bots, highlighting the importance of Sybil resistance. This concept is crucial for ensuring security without sacrificing user privacy. Wood’s ideas built on his earlier talks from Web3 Summit and Decoded in July, reinforcing Polkadot’s role in addressing these complex challenges.At the same event, Chrissy Hill, COO and Interim Chief Legal Officer of Parity Technologies, talked about the balance between decentralization and regulatory compliance. She explained how Polkadot is managing the complexities of global regulations while continuing to grow as a platform. Hill highlighted the challenges decentralized communities face as they expand, stressing the need to stay innovative while complying with legal standards. The events also served as a platform to highlight key projects that reflect Polkadot’s versatility across different sectors. One notable project, DOTphin Orbo, was introduced by the Sovereign Nature Initiative at Token 2049. This project mixes blockchain with marine conservation, letting users collect digital avatars that are powered by real-time ecological data. At Decoded Asia, Bifrost’s Tyrone Pan discussed advancements in scaling Polkadot’s consensus infrastructure. His presentation touched on challenges faced by the broader blockchain space, particularly within the Ethereum ecosystem, and how Polkadot’s approach—such as restaking and cross-chain abstraction—offers solutions. Meanwhile, Kun Peng, founder of Stanford Blockchain Accelerator, delved into the convergence of blockchain and artificial intelligence. He explored blockchain’s role in digital sovereignty and global collaboration, emphasizing its growing significance across multiple sectors.These discussions coincided with Polkadot’s continued development toward a modular, multichain future. The release of Agile Coretime, a major step in the evolution of Polkadot 2.0, was one of the technological milestones highlighted during the events. Token 2049 and Decoded Asia 2024 gave a clear look at where Polkadot is headed, showing a network that’s growing, evolving, and tackling the challenges of Web3. More

“The past few days have been a hot pot of coinciding events that simultaneously reignited optimism in global markets, with crypto at the forefront. Bitcoin is once again experiencing the pull of FOMO (Fear of Missing Out), suggesting the market is primed for further gains,” Kristian Haralampiev, Structured Products Lead at Nexo, told Investing.com.“However, this bullish outlook is tempered by warnings such as peaking social sentiment, signaling potential hurdles ahead before even more bullish times arise.”The broader cryptocurrency markets took a hit on Monday, with Bitcoin falling by 3.7%, while other coins like Ethereum and Solana saw smaller losses of 2.8% and 1.9%, respectively. Several altcoins, including Ripple, Cardano, Polkadot, and Chainlink, dropped more than 5%.Crypto-related stocks also felt the heat, with major miners such as Marathon Digital (NASDAQ:MARA), Bitdeer Technologies Group (NASDAQ:BTDR), Hut 8 Corp (NASDAQ:HUT), and CleanSpark (NASDAQ:CLSK) losing between 5%-10%. America’s largest crypto exchange Coinbase (NASDAQ:COIN) saw a 6% drop, while MicroStrategy Incorporated (NASDAQ:MSTR)closed down more than 3%.Meanwhile, U.S. equity indexes remained mostly flat throughout the day, but slid lower towards the session’s end. Federal Reserve Chair Jerome Powell addressed rate cut expectations, stating that while additional cuts are planned, they may not be as aggressive as previous ones. Despite the market’s volatility, Bitcoin continues to show resilience. Historically, September has been a challenging month for Bitcoin, but this year’s gains have set up October to potentially be even stronger. Known in the crypto world as “Uptober,” Bitcoin has seen positive returns in nine of the last 11 Octobers since 2013. Despite recent optimism, analysts at research firm Canaccord Genuity advise caution. In a recent report, the broker noted that widespread bullish sentiment could lead to unexpected setbacks. “We think the most healthy reaction for crypto’s long-term future in a scenario like this would be a decline in BTC, reflecting less of a need for an inflation hedge with rates falling and a rise in ETH and other crypto assets along with risk equities as investors become more willing to underwrite longer-term growth and innovation.”Canaccord analyst further explains that Bitcoin’s halving cycle is often “a critical driver of its price action,” and we are now 163 days post-halving. Historically, major BTC rallies begin around 6-12 months after halving events, so “we could see a notable rally soon if previous patterns hold true.”Despite ongoing macroeconomic uncertainties, Bitcoin traders remain optimistic about Q4. Powell’s comments follow a positive period for major cryptocurrencies, as Bitcoin recorded its third consecutive week of gains. More

Impossible Cloud Network (ICN), the frontrunner in decentralized cloud infrastructure, announces the forthcoming launch of the Impossible Cloud Network Token (ICNT). The token will fuel ICN’s mission to reshape the global cloud landscape by empowering users to leverage enterprise-grade hardware through a decentralized, accessible ecosystem.Impossible Cloud’s enterprise platform is exponentially growing and recently surpassed 2 billion client operations generated by 800+ active business accounts. These milestones demonstrate the foundation on which Impossible Cloud Network (ICN) is building its decentralized cloud services, driving an ever-growing demand for the ICNT token and setting new standards for the industry.Breaking Barriers in Cloud ServicesICN is designed to merge the power of decentralized web3 technology with the demands of web2 enterprises, making it the first true web3-based cloud solution with mass adoption from business customers. ICNT will be the driving force behind the protocol, enabling secure transactions, rewarding participants, and providing governance capabilities. This isn’t just about decentralizing the cloud – it’s about delivering a faster, more scalable, and more secure solution than ever before.ICN decentralized protocol connects hardware providers and cloud service users in a seamless platform. Whether you’re a business needing on-demand infrastructure or a hardware provider, ICNT facilitates all interactions on the network. SLA oracles play a crucial role in monitoring and ensuring network performance, guaranteeing that service-level agreements are met. The Impossible Cloud Network Protocol (ICNP) serves as the backbone, coordinating between hardware nodes, service providers, and SLA oracles to ensure the cloud is always secure, efficient, and cost-effective.A Thriving Ecosystem Backed by Real DemandBuilding on Impossible Cloud’s exponential growth of over 1 billion client file uploads & downloads in Q3/2024 already (and counting), the launch of Impossible Cloud Network (ICN) marks the next phase in expanding this proven demand into the decentralized cloud space. By using ICNT, participants not only access critical services but actively contribute to expanding the network, earning rewards and potentially influencing key decisions to shape its direction.ICNT: The Currency of a Decentralized Cloud RevolutionICNT is more than just a token – it’s the core of ICN’s decentralized cloud economy. From securing network resources to rewarding contributors and facilitating transactions, ICNT is designed to ensure the network’s continuous growth and security. Holders will also be given a voice through governance features, empowering them to shape the future of ICN.Early adopters and contributors can look forward to exciting incentives, including airdrops and token rewards, further integrating them into the platform – Users cam join ICN’s Discord to learn more.Users can visit icn.global and get a full understanding of the ICNT token distribution.The Future of ICN: Community, Milestones, and Strategic Partnerships ICN’s roadmap is packed with game-changing developments that are set to accelerate its growth and industry impact. Earlier this month, ICN announced a partnership with Aethir, a major player in decentralized GPU compute services. This collaboration enhances ICN’s existing object storage offering, creating a strong synergy that will propel both networks forward, driving innovation and adoption in the space.“This collaboration with ICN marks a pivotal moment in decentralized infrastructure,” says Mark Rydon, Co-Founder and CSO at Aethir. “By integrating our GPU compute services with ICN’s innovative cloud platform, we’re creating a seamless, scalable solution that will unlock new possibilities for enterprises and developers. Together, we’re pushing the boundaries of what decentralized technology can achieve.” With a growing community of over 25,000 followers across social platforms, ICN is building strong momentum as it prepares for upcoming milestones, including the launch of testnets, node drops, and token fairdrops. The launch of ICNT is just the beginning. ICN is committed to expanding its service offerings, building new partnerships, and making decentralized cloud services the go-to solution for enterprises and developers alike. With $18 million raised, ICN is set to become the #1 cloud provider, competing head-to-head with AWS and other centralized giants.For more information about ICNT and the Impossible Cloud Network, users can visit www.icn.global or join our ICNT’s on X and Discord.About Impossible Cloud NetworkImpossible Cloud Network (ICN) is a decentralized cloud platform that connects enterprise-grade hardware with cloud service providers, leveraging cutting-edge web3 technologies. Founded by successful serial entrepreneurs with a history of major achievements, ICN is already working with real clients and projects, aiming to deliver a new standard in cloud services by ensuring data security, integrity, and availability while reducing costs and enhancing performance for its users.Contactweb3 Marketing ExecutiveSara TeixeiraImpossible Cloud Networksteixeira@impossiblecloud.comThis article was originally published on Chainwire More

This article was originally published on U.Today More

De.Fi, a prominent platform in the decentralized finance (DeFi) space, will host De.Fi World 2024, a major one-day conference on November 11, 2024, at The Athenee Hotel in Bangkok, Thailand. This event will bring together over 1,000 attendees from more than 30 countries, offering a unique forum for discussions on the latest trends and developments in the DeFi ecosystem.Event Overview:Date: November 11, 2024Location: The Athenee Hotel, 61 Witthayu Rd, Lumphini, Pathum Wan, Bangkok 10330, ThailandExplore the Future of FinanceMore than 1000 attendees from over 30 countries will converge in Bangkok at De.Fi World 2024. The event aims to facilitate in-depth discussions on decentralized finance, exploring emerging technologies and innovative solutions that are shaping the industry. Attendees will have the opportunity to engage with key industry figures, participate in workshops, and explore exhibitor offerings that showcase advancements in Web3 and DeFi technologies.Keynote speakers include influential leaders such as Anton Bukov from 1inch, Weso from Beefy Finance, Roc Zacharias from QuickSwap, and Ken Timsit from Cronos Labs. Topics such as ReStaking, Real World Assets, and DePIN-in will also be covered, highlighting current trends in the DeFi landscape.Exclusive Networking and PrivilegesDe.Fi World 2024 will offer a platform for high-level networking, with 80% of participants expected to be C-level executives. The event is supported by over 30 industry players, including Metis, Matter Labs, Cronos, and Beefy. VIP ticket holders will gain access to an exclusive after-party, while $DEFI stakers will enjoy free event access and VIP status.How to ParticipateTickets are available now, and those interested in speaking or sponsoring the event are encouraged to apply. For further details and regular updates, users can visit the official De.Fi World 2024 website or follow De.Fi on social media.About De.FiDe.Fi is an all-in-one Web3 Super App and Antivirus featuring an Asset Management Dashboard, Opportunity Explorer, and the world’s first Crypto Antivirus powered by the largest compilation of DeFi hacks and exploits, the Rekt Database. Trusted by 5 Million users globally, De.Fi aims to drive DeFi adoption by making the self-custody transition as simple and secure as possible. Backed by Okx, Huobi, former Coinbase (NASDAQ:COIN) M&A, and used by large companies worldwide, including University College London and Coingecko.For more information: Website | Twitter | De.Fi Security | Rekt DatabaseContactPR ManagerMariaDe.Fimarketing@de.fiThis article was originally published on Chainwire More

As you can see, the best performing asset over a four-year period was Microstrategy (NASDAQ:MSTR) stock, which Saylor’s chart shows has risen 1,325%. The second best asset was the cryptocurrency itself, which guaranteed its holders a 451% return on their investment. Since the summer of 2020, the price of Bitcoin managed to make it to a new all-time high at $69,000, fell to $15,500 amid the collapse of FTX and made it back to a new high at $74,000. Meanwhile, the performance of the major U.S. stock market index, the S&P 500, was “only” up 71%. Few people will argue that this is not a lot over the span of four years, but compared to MSTR and BTC, it still does not seem like much.Such an action, although not that dramatic in percentage changes, worried traders, who now raise the possibility for BTC to test key levels lower at $62,300 and even lower at $58,000.If this will be the scenario for Bitcoin in the near future is an open question, but as can be judged from the new post, for Michael Saylor, small time frames do not matter.This article was originally published on U.Today More

World Mobile, the pioneering global web3 wireless network, has announced the launch of its blockchain infrastructure on Base today. This strategic launch will connect World Mobile’s unique communications-centric Layer 3 blockchain, World Mobile Chain (WMC), with Base’s Ethereum-based Layer 2 blockchain, and use Base as its settlement layer. A key outcome of this decision will be the incorporation of the Coinbase (NASDAQ:COIN) Smart Wallet into the World Mobile app, creating a seamless onboarding experience for new onchain users.By launching on Base, World Mobile is set to accelerate its mission of building one of the world’s most extensive Decentralized Physical Infrastructure Networks (DePIN). The World Mobile network’s recent launch of its ‘triple play’ services—encompassing cellular, broadband, and value-added services—complements the launch on Base and EVM blockchains.This announcement follows 12 months of significant achievements for the World Mobile network, including the rollout of global commercial network services across three continents and a groundbreaking aerostat deployment in Mozambique in collaboration with Vodacom and the GSMA. Additionally, World Mobile has recently celebrated the rapid sell-out of its first batch of decentralized wireless network infrastructure nodes (AirNodes) in under 36 hours, spurring its recent milestone of 100,000 daily active users.World Mobile’s innovative approach to decentralized wireless networks, coupled with its successful deployment of AirNodes and triple play services, positions it at the forefront of this transformative movement.The launch will take effect on September 30, 2024. World Mobile remains dedicated to its vision of a world where everyone, everywhere, is connected. This milestone represents not just a technological advancement but a step closer to bridging the digital divide.About World Mobile GroupWorld Mobile Group is democratizing global connectivity through its blockchain-based decentralized physical infrastructure network (DePIN). Unlike traditional telecom providers, World Mobile operates on a sharing economy model, enabling individuals and businesses to run nodes, connect their communities, and earn rewards. For more information users can visit: https://worldmobile.io/X: https://twitter.com/WorldMobileTeamInstagram: https://instagram.com/worldmobileteamFacebook (NASDAQ:META): https://www.facebook.com/WorldMobileTeamLinkedin: https://www.linkedin.com/company/worldmobilegroupDiscord: https://discord.com/invite/worldmobileTelegram: https://t.me/WorldMobileTeamContactCMOMike Blake-CrawfordWorld Mobile Groupmike.blake-crawford@worldmobile.ioThis article was originally published on Chainwire More