Cryptocurrency

Oracle (NYSE:ORCL) Integrity Staking enables a more secure DeFi and gives stakers the chance to earn yieldPyth Network (“Pyth”), the public decentralized data infrastructure that empowers the next generation of financial applications, today announced the launch of Oracle Integrity Staking (“OIS”). This is the latest innovation to Pyth Price Feeds which unlocks an entirely new generation of on-chain financial data, where anyone can be rewarded for providing economic protection and data source accountability within the Pyth Protocol.As DeFi expands, the needs of builders and users have continued to evolve. The demand for heightened security and reliability in Web3 capital markets by smart contract developers and market participants has never been greater. Oracle Integrity Staking enhances the accuracy and reliability of Pyth Price Feeds by aligning the incentives of publishers and stakers with Pyth’s security and data quality goals. For developers, Oracle Integrity Staking means greater confidence in the data they rely on, enabling them to build fearlessly without concern over data integrity and security. Oracle Integrity Staking directly rewards data accuracy and performance by ensuring publishers and stakers are incentivized to maintain high data standards.This contribution strengthens the resilience and security of Pyth Price Feeds; in return, PYTH stakers are programmatically rewarded for securing the oracle network and protecting DeFi. In the unlikely event that a publisher provides inaccurate data, both the publisher and any stakers supporting them will have 5% of their stakes slashed as a penalty to ensure all parties are economically aligned with the goal of providing more reliable data.Data Publisher QuotesPyth Network is the public decentralized data infrastructure that empowers the next generation of financial applications. Pyth provides DeFi builders with the supercharged infrastructure they need to create dApps that deliver experiences on the same level as apps. Equipping data providers, typically financial institutions, with a new way to monetize their quote and trade data while playing a key role in the nascent digital asset class. As the underlying market infrastructure, Pyth Network facilitates almost a trillion dollars in total transaction volume across over 70 blockchains and 400 applications that rely on its quote and trade data.To learn more, users can visit: https://www.pyth.network/Media Contact: press@pyth.networkContactKevin McGrathpress@pyth.networkThis article was originally published on Chainwire More

Schiff contends that investors are blind to the way gold has performed and the important signal it is providing — that monetary policy is too loose and inflation is about to spike higher. However, a large portion of the market is now interested in Bitcoin. The price of the cryptocurrency has been falling within a channel despite attempts to break above significant resistance around $70,000. Despite some positive movement recently, the price of Bitcoin is still stuck in a bearish channel. Without a breakout, the upper resistance holds firm, and Bitcoin may retrace to important levels at or near $60,000 or even $58,000. Gold keeps moving higher in the meantime. The chart displays a consistent upward trend that is backed by copious buying activity. Gold is proving to be a reliable conventional store of value with its new high of over $2,615, especially as worries about inflation increase.Investors continue to disagree on the comparison of Bitcoin and gold. In the current economic climate, gold, which has a long history of serving as an inflation hedge, is sending out clear signals. However, Bitcoin, also known as digital gold, has experienced greater volatility even though it has previously shown promise as an inflation hedge. Peter Schiff quite often reminds everyone in the community that Bitcoin is inferior to gold and should not take so much attention away from it. However, gold is clearly losing to Bitcoin in terms of returns and volatility, which makes it a less risk-on asset and more of a store of value.This article was originally published on U.Today More

In a new development for the gaming and crypto communities, the former co-founder of Hamster Kombat has introduced a new platform—Hamster Cash. This hard fork is designed to enhance the user experience by offering bigger airdrops, and an expanded set of features. The platform’s release has raised questions about what it offers and whether users should consider transitioning.Motivation for the LaunchThe creation of Hamster Cash is driven by a desire to provide more meaningful incentives for users. The co-founder felt that Hamster Kombat wasn’t offering enough in terms of rewards. With Hamster Cash, the aim is simple—bigger airdrops, real-world value, and a smoother experience for users old and new.Key Features of Hamster CashUsers familiar with Hamster Kombat will find several reasons to consider switching to Hamster Cash, including:With features like the Hamster Marketplace, Hamster Launchpool, and Hamster Academy, the platform is creating a fully-fledged ecosystem where users can potentially earn, trade, and invest.How to Get Started with Hamster CashHamster Cash makes it easy for both existing Hamster Kombat users and newcomers to join. Users can follow a few steps to participate:Hamster Cash, based on the ERC-20 standard, ensures security and liquidity, allowing Hamster Kombat users to turn gaming achievements into real financial successes. Users can join and become part of the financial revolution in the gaming industry!ContactLiam Defiorepress@hamstercash.coThis article was originally published on Chainwire More

Revolutionizing the Solana Ecosystem with AI-Powered EfficiencyIn the dynamic landscape of DeFi, decentralized exchanges have emerged as essential platforms for P2P trading of digital assets. However, traditional DEXs often face challenges such as liquidity fragmentation, high transaction costs, and complex user interfaces. Solanex AI, a groundbreaking DEX on the Solana blockchain, aims to address these limitations by leveraging the power of artificial intelligence.What is Solanex?Unlike Jupiter, or Raydium – Solanex AI stands out by integrating advanced AI algorithms into its core functionalities. This approach enables the platform to:Solanex now preparing for the launch, aiming to onboard 50M users to it’s trading platform, enhanced with AI tech, for the latest updates of the project, readers can stay tuned on the official X page of Solanex AI.A Vision for the Future of DeFiSolanex AI is more than just a DEX; it’s a vision for the future of DeFi on Solana. By combining the transparency and security of blockchain technology with the efficiency and intelligence of AI, Solanex AI aims to redefine the way users interact with decentralized financial markets.Solanex AI offers several key advantages over traditional DEXs:AboutSolanex AI aims to become a leading DEX on the Solana blockchain, offering an advanced trading experience for both retail and institutional investors. With its innovative AI-powered features and commitment to user satisfaction, Solanex AI is paving the way for a new era of decentralized trading.Solanex X page: https://x.com/solanex_ai Website: https://solanex.ai/ ContactMarketing ManagerAmeliaSolanexcontact@solanex.aiThis article was originally published on Chainwire More

Zapper lets users track the wallet activity of their favorite collectors, adding a social element to the typically information-heavy process of monitoring on-chain data. In addition, the platform enables users to manage and farm yields from various DeFi projects.By integrating Moonbeam, Zapper broadens its reach to the Polkadot ecosystem, making it easier for users to interact with cross-chain assets and applications.The move comes shortly after Zapper created indexing templates to simplify the process of indexing on-chain data and help users understand blockchain data without advanced coding skills. The integration also allows them to manage assets on Moonbeam through Zapper’s unified interface.Founded in 2020, Zapper raised $15 million in its Series A round, led by Framework Ventures, Mark Cuban and Ashton Kutcher’s Sound Ventures. Moonbeam is an Ethereum-compatible smart contract platform that offers an EVM implementation and a Web3-compatible API. This compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal modifications. It also improves interoperability between Polkadot, Ethereum, Cosmos, and other blockchains.As a parachain on the Polkadot network, Moonbeam benefits from the shared security of the Polkadot relay chain and can integrate with other chains connected to Polkadot.Moonbeam’s cross-chain messaging features provide developers with the tools to create decentralized applications (dApps) that can interact across multiple networks.The firm behind the Moonbeam protocol is PureStake, a development team that also built developer tools for Algorand and operates Polkadot validators. PureStake started working on Moonbeam in early 2020, and the network is also supported by the Moonbeam Foundation.Currently, there are three networks in the Moonbeam ecosystem. Moonbeam serves as the EVM-compatible parachain within Polkadot, while its sister network, Moonriver, launched as a parachain on Kusama in June 2021. Moonbeam and Moonriver have nearly identical technology, with Moonriver often receiving new features first before they are deployed on Moonbeam. Both networks share a testnet called Moonrock. More

Bybit Türkiye, the partner site of Bybit, has achieved a key milestone by being officially listed as a Crypto Asset Service Provider by the Capital Markets Board (CMB) of Turkey on September 19th, 2024.Bybit Türkiye operates under Narkasa Yazılım Ticaret Anonim Şirketi, a locally incorporated entity, ensuring full compliance with CMB regulations. This listing underscores Bybit Türkiye’s dedication to working within Turkey’s regulatory framework while driving innovation and growth in the country’s crypto industry.Strengthening its Presence in TürkiyeSince its partnership with Narkasa in June, Bybit Türkiye has prioritized strategic initiatives aimed at establishing itself as a market leader. The exchange is leveraging its global expertise, advanced technologies, and experienced team to provide Turkish users with a secure and efficient platform tailored to their needs.Demonstrating Commitment to the Turkish MarketBybit Türkiye has taken several decisive steps to cater to the needs of Turkish crypto users:Quote from Kutluhan Akçın, Country Manager of Bybit Türkiye:This article was originally published on Chainwire More

The price action of Bitcoin has recently bounced off lower levels indicating strength according to the chart analysis but it is still stuck in this declining channel. Bitcoin will require a strong catalyst or considerable buying momentum to break above the upper trendline and launch a significant advance toward $70,000. New heights could be reached if it succeeds in testing $70,000 once more. We might witness a retreat back to important support levels though if BTC is unable to sustain this increasing pressure. In case of a retracement, the psychological level of $60,000 should be looked after as it is also the current resting place of the 100-day moving average. The 200-day EMA and earlier consolidation zones as well as $58,000 provide further support below that. In a bull market the $75,000 level would be the next target if Bitcoin crosses the $70,000 threshold. Bitcoin may face difficulties in this area once more as it has previously shown to be a strong area of resistance in previous market cycles. XRP’s pattern plays outA symmetrical triangle pattern on XRP just saw a notable breakthrough suggesting that there may be more upside momentum ahead. Since August this triangle had been developing suggesting that XRP was gathering strength and preparing for a move. Furthermore it is evident that the market is moving toward a bullish sentiment now that the breakout has occurred. These patterns frequently precede sharp moves in either direction which makes the breakout from this symmetrical triangle noteworthy. Given that XRP was able to break higher this indicates that the bulls are currently in the driver’s seat. Still it is unclear if this momentum will continue or if there may be an invalidation. Although XRP appears to be in good shape right now, invalidation is still a possibility. The breakout may have been a fake move if the price dropped back into the triangle and broke below important support levels. XRP must maintain above the $0.58 support zone which has been a significant area of interest to confirm a sustained bullish trend. A rapid retreat back to the lower $0. 55 region could result from a failure to hold this level. On the plus side if XRP keeps rising and stays above resistance it could see additional gains. In an attempt to build on the recent breakout the market may set its sights on the $0. 65–$0. 70 region as its next target.Since the middle of 2023 ETH’s price has been moving lower due to a persistent bearish trend that the cryptocurrency has struggled to overcome. Ethereum has recovered quite well over the last week as seen by the current chart rising back above the $2,500 threshold. But the bullish dynamic seems to be waning as the price approaches significant resistance levels around $2,600 and $2,700. The price is currently consolidating within this declining channel and there is a discernible lack of strong momentum. Whether Ethereum can hold this level or if there will be a reversal back toward $2,400 or even $2,300 is the crucial thing to keep an eye on. A return to bearish sentiment and additional downward movement in the upcoming weeks could be indicated if it breaks below these crucial support levels. But there is some good news for holders of ETH. Ethereum may still be able to gain more traction in the next trading sessions especially on Monday when markets usually see a surge in activity. The $2800 region may be retested by ETH if buying interest increases and the price can break above its present resistance. This article was originally published on U.Today More

According to Bernstein in a note Monday, several factors are driving this surge, from macroeconomic changes to shifts in market sentiment.Here are the five key reasons behind Bitcoin’s latest rally, as outlined by Bernstein: Rate Cuts and Inflation HedgingThe recent 50 basis point rate cut by central banks has impacted markets, with Bitcoin benefiting from a weaker dollar and loose monetary policy, according to Bernstein.The firm notes that Bitcoin, like gold, is seen as a non-sovereign asset, which gains appeal in times of fiscal excess, especially with U.S. debt levels reaching $35 trillion. Year-to-date, Bitcoin is up 45%, compared to gold’s 27% rise.Growing Bipartisan Support for CryptoFurthermore, Bernstein says crypto is gaining political traction, with bipartisan backing adding momentum. Vice President Harris recently signaled support for digital assets during a New York City event, marking the administration’s first explicit crypto endorsement. According to Bernstein, while a Trump victory could further accelerate pro-crypto policies, institutional interest in major assets like Bitcoin is expected to remain strong regardless of the election outcome.Bitcoin ETF MomentumInstitutional flows into Bitcoin ETFs have remained robust. “[In the] last 10 days, Bitcoin ETF clocked $800Mn inflows, despite choppy price action,” wrote Bernstein.The firm expects more wirehouses, such as Morgan Stanley, to launch Bitcoin ETFs, which will likely drive further inflows as advisors solicit clients.Miner Stability Post-HalvingBitcoin miners are said to have adjusted to the April 2024 halving event, stabilizing their operations. According to Bernstein, network hashpower has rebounded, signaling miner resilience and further solidifying Bitcoin’s foundation.Reduced Selling PressureMajor Bitcoin sales by the U.S. and German governments, as well as distributions from Mt. Gox, have been absorbed by the market, says the firm.Additionally, they note MicroStrategy raised $2.1 billion to buy more Bitcoin, pushing its holdings to 252,220 BTC, or 1.3% of total supply. More