Cryptocurrency

The Ignition AI Accelerator, a collaborative initiative between NVIDIA (NASDAQ:NVDA), Tribe, and Digital Industry Singapore (DISG), today announced that Aptos Foundation has partnered with The Ignition AI Accelerator to drive growth and advancement of AI startups in Asia. This deepens Aptos Foundation’s work to connect its expertise and Aptos-related technology with artificial intelligence solutions that are expected to be the game changer for economies and businesses.With Aptos Foundation providing industry expertise and funding support, The Ignition AI Accelerator is poised to drive APAC’s next generation of high-potential AI innovators and founders that are pushing the boundaries of AI development on a global scale. According to recent IMF research, Singapore is the world’s most prepared country for AI, which reflects years of aggressive investment in AI infrastructure and talent in the country. Aptos Foundation will be providing resources and support for AI startups in the accelerator, opening doors to emerging technologies and providing them with access to global markets. Aptos Foundation will leverage Microsoft’s OpenAI Service, which it hopes will eliminate barriers to adoption and establish a clear path for the practical application of frontier technologies. Aptos Foundation has key relationships with AI leaders, including Overlai and Adot.About The Ignition AI AcceleratorThe Ignition AI Accelerator, a collaborative initiative by NVIDIA and Tribe and supported by Digital Industry Singapore (DISG), is designed to identify high-potential, growth-stage tech founders to accelerate their success and growth. We are dedicated to fostering a growing and thriving tech & AI ecosystem by pushing the boundaries of what frontier technologies can offer. The Ignition AI Accelerator provides high-potential, growth-stage tech founders with access to cutting-edge AI tools and deep development guidance, aimed at producing market-ready AI products and services. By leveraging a global network of corporate and investor partners, The Ignition AI Accelerator helps startups forge significant partnerships and penetrate international markets, driving innovation and transformation across sectors including in healthcare and finance.The Ignition AI Accelerator is exploring corporate partnerships. Interested parties can find out more information at https://www.theignition.ai.About Aptos FoundationAptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem and driving engagement with the Aptos ecosystem. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses. Users can visit https://www.aptosfoundation.org for more information.About Aptos NetworkAptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. Users can visit https://www.aptosfoundation.org for more information on the Aptos blockchain.ContactComms AdvisorBrian PrincipatoAptosbrian@hirschleatherwood.comThis article was originally published on Chainwire More

In the X post, he highlighted the whitepaper and urged his followers to peruse it. Saylor’s comments further demonstrate his commitment to the Bitcoin (BTC) ecosystem. A strong Bitcoin proponent, Saylor began investing in the coin in 2020 through his firm, MicroStrategy.As U.Today earlier reported, MicroStrategy now holds 1.17% of all Bitcoin. It has steadily increased its Bitcoin holdings, which are larger than most Exchange-Traded Funds (ETFs) on the market.Additionally, it shows that Bitcoin surpassed all major asset classes in seven of the last ten years, generating an annualized return of almost 100%. According to BlackRock, this performance was achieved despite Bitcoin being the worst performer in three of those years. Notably, Bitcoin experienced four drawdowns exceeding 50%.The whitepaper further highlights that geopolitical, fiscal and monetary stability concerns will likely influence Bitcoin’s adoption trajectory. Still, the whitepaper concluded that Bitcoin remains a high-risk asset subject to volatility and regulatory challenges.As of this writing, BTC is trading at $63,444, demonstrating a 1.08% surge in the past day. However, the trading volume shows reduced investor sentiment, with a 24-hour decline of 12.15%.This article was originally published on U.Today More

The market is clearly showing more interest and positions, but there is growing conjecture that a quick flush and run on the market may be imminent, which could signal short-term volatility before any more gains. According to Clemente’s analysis, there may be a significant pullback because large contract positions frequently result in liquidation spikes in the event that the market reverses. Traders ought to exercise caution, particularly in light of the rising open interest. This kind of market structure usually comes before significant moves, which can be downward if significant liquidations take place or upward if the momentum keeps going. Important prices to keep an eye on are:$64,000 resistance: This pivotal point is currently reachable and may indicate whether or not Bitcoin will continue its current upward trajectory. Bearish predictions for the near future would be nullified if the asset breaks above this level. In the case of a pullback, bulls must remain above this level. This could be a sign of a more significant correction. The next significant support is at $56,000. This is the lower support level in the case of a sudden sell-off or liquidation spike. A failure in this area might portend a more significant reversal of the market trend. Prediction situation: Bitcoin could either continue its run toward the upper channel at $64,000, triggering a sustained breakout if this level is breached, or it could continue to move higher due to the current surge in open interest and price momentum. But there is a good chance of a brief correction, particularly if positions that were overleveraged are liquidated. If bullish sentiment holds, the market may retreat to $60,000 or even lower before starting to rise once again.This article was originally published on U.Today More

All of them are miners who earned their 50 BTC for generating a Bitcoin block in 2009 – the year that the world’s pioneer cryptocurrency was launched by enigmatic Satoshi Nakamoto. Back then, a block reward constituted 50 BTC until the first BTC halving in 2012, when it was slashed to 25 BTC.All five of these wallets transferred 250 BTC in total – an amount of Bitcoin valued at almost $16 million overall.The price surge in the past 24 hours has been 3.36%. However, it was followed by a marginal drop, and at the time of this writing, BTC is changing hands at $63,545. This impressive growth was triggered by the decision of the Fed Reserve to slash the annual interest rate by 50 basis points.This is the first interest rate cut initiated by the world’s most important central bank in the past four years, as it has pivoted to a dovish stance.This article was originally published on U.Today More

Mantle’s flagship game, Catizen, officially launched its token, $CATI, on multiple exchanges today, including Binance, OKX, Bybit, Gate.io, and Bitget. As the most profitable mini-game on Telegram, Catizen seamlessly integrates Telegram with The Open Network / TON (L1) and Mantle Network (L2). $CATI, as the universal token of the Catizen ecosystem, is issued on both the TON and Mantle. It can be used in the mini-app center and open tasks, providing users with the opportunity to participate in the Launchpool “Stake to Earn,” further promoting the development of the entire gaming ecosystem.The $CATI token will exist in a parallel relationship on TON and Mantle, with a maximum supply of 1 billion tokens on each. However, the actual total supply will remain at 1 billion across the two blockchains through a locking mechanism. Currently, cross-chain transfers of $CATI can be done through Bybit exchange. The balance between the two chains is maintained through mutual locking contracts. For example, if Catizen airdrops 10 million $CATI to Mantle game users, 990 million $CATI of the 1 billion on Mantle Network will enter the locking contract, while 10 million $CATI of the 1 billion on TON will enter the locking contract to ensure that the total circulation on both chains remains capped at 1 billion.Since receiving Mantle EcoFund’s major investment in February 2023, Catizen, developed by Pluto Studio, has skyrocketed in popularity, becoming one of the most successful blockchain games globally, with over 36 million players. Catizen’s success can be reflected in the following impressive metrics:For more information:Catizen on Mantle statistics: https://dune.com/hashed_official/catizen-mantle $CATI airdrop details: https://x.com/CatizenAI/status/1833554571219898749About MantleMantle Ecosystem comprises an Ethereum layer 2 (L2) — Mantle Network, a decentralized autonomous organization (DAO) — Mantle Governance, one of the largest on-chain treasuries — Mantle Treasury, and an Ether (ETH) liquid staking protocol — Mantle LSP: all built on Ethereum. Mantle token ($MNT) is the unified product and governance token of the ecosystem. Mantle’s first core product is Mantle Network, an Ethereum L2. Mantle Network strives to be compatible with the Ethereum Virtual Machine (EVM). Mantle Network’s modular architecture separates transaction execution, data availability, and transaction finality into modules — which can be individually upgraded and adopt the latest innovations. Mantle Network is the first L2 to partner with ETH restaking protocol EigenLayer for the data availability module. By adopting a rollup architecture, Mantle Network is secured by Ethereum. As the world’s first DAO-spawned L2, Mantle Network is pioneering a vision for the mass adoption of token-governed technologies. The current mainnet version, Mantle Network Mainnet v2 Tectonic (Mantle v2 Tectonic), went live on March 15, 2024.Mantle Network’s infrastructure is meticulously designed to handle the demands of the web3 gaming stack, enabling the creation of a connected and expansive gaming universe where assets have real value beyond a single game’s ecosystem. Closely intertwined with Mantle initiatives such as Hyperplay, Mantle Network’s ecosystem of expertise and resources facilitates a streamlined process for developers to build and deploy their gaming projects.To support the next-generation of innovators, builders, and developers, Mantle is growing its ecosystem via Mantle Grants Program and Mantle EcoFund, a catalyzed capital pool of $200M. Mantle’s Showcase Apps program lends additional support and publicity to ecosystem projects in categories such as real world assets (RWA). For more information, readers can please visit:Website | X/Twitter | Devs X/Twitter | Discord | Telegram | YouTube | Blog | GitHubAbout CatizenCatizen is a revolutionary gaming bot on Telegram that seamlessly integrates the messaging app Telegram with multiple blockchains, including TON and Mantle Network. It redefines Web 3.0 experiences by enabling mobile payments with both crypto currencies and fiat currencies. By tapping into Telegram’s vast user base, Catizen aims to create a Web 3.0 traffic hub on an unprecedented scale.Additionally, Catizen is evolving into a Mini-app Center, integrating features from launchpool platforms, such as early access to new projects, token-based activities, transaction capabilities, along with short videos and e-commerce functionalities. This innovative approach will attract and engage users through gamification and strategic Play-to-Airdrop initiatives, transforming how users access and engage with the Web 3.0 ecosystem.For more information, readers can please visit: X | Official Website | Telegram | Telegram Chat | BotContactMantle’s Communications TeamMantlewindrangerlabs@wachsman.comThis article was originally published on Chainwire More

Though there has been a recent rally, the trend is still exhibiting signs of weakness. Bitcoin is encountering multiple technical obstacles, with the $64,000 mark serving as a crucial boundary. The bearish pattern may be disproved, and further upside may be possible if Bitcoin is able to break above $64,000. The death cross that appeared on Bitcoin practically destroys the chances of the first cryptocurrency to achieve a solid upside rally, unfortunately. Generally speaking, this bearish signal is still active and suggests further downside. Bitcoin must break the downward trend by rising above $64,000 and establishing a higher high in order to negate the death cross and the bearish momentum.Bitcoin’s trading volume has increased, which is encouraging for the currency’s short-term momentum from a technical perspective. Still, readings on the RSI (Relative Strength Index) point to the asset possibly approaching overbought territory, raising the possibility of a pullback should buyers be unable to hold onto the asset.To sum up, we are at a turning point for Bitcoin. Indicating additional downside risk, a failure to break above $64,000 could validate a lower high. Conversely, a breakout above this level might cause a change in market sentiment and give the bulls a chance to get back on track.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is stepping up its security efforts, using cutting-edge AI technology to fend off hackers and bad actors. In the first half of 2024, Bybit protected users by executing 32 million withdrawals and prevented the loss of over $79 million in client assets by vetting close to $1 billion in suspicious withdrawal attempts. More than $37 million in project funds were also safeguarded.As part of its tiered approach to fund safety, Bybit’s focus on protecting hot wallets and cold wallets plays a critical role in preventing hacking and fraud. Bybit has strengthened its verification processes, applying extra scrutiny to large transactions and high-risk withdrawals. While most fraudulent attempts were prevented in the early stage, the exchange detected abnormal withdrawal requests involving over $940 million in cryptocurrency during the first six months of 2024, with over 8.4% confirmed as attempted fraudulent withdrawals.Fraud Prevention in an Evolving Threat LandscapeAs crypto adoption scales, fraudsters and hackers increasingly target individual users and institutional vulnerabilities. Bybit, as one of the leading crypto exchanges, stands as a critical line of defense against these threats, employing sophisticated AI-driven security protocols to foil illicit schemes. The rise of AI has emerged as an area of concern for security and risk experts, prompting service providers to reconfigure their security posture. Covering Every Vulnerability with AI-Driven ProtectionBybit’s deployment of AI technology serves as a robust shield against evolving risks. From securing user wallet systems to detecting complex, AI-enabled fraud attempts, Bybit’s enterprise-level AI fortifies each layer of its defenses.All Bybit users can opt into multi-channel verifications and biometric authentication to ensure that their identities are securely verified. For instance, Bybit’s risk engine recently thwarted an attempt involving face-swapping technology aimed at bypassing facial verification in its Know Your Customer (KYC) process. Thanks to its live face detection and virtual camera detection, Bybit’s system swiftly blocked the attempt by the hacker.With a proprietary risk control engine and user behavioral analytics models, Bybit streamlined fraud detection with a combination of both automated and human scrutiny. The wealth of data and algorithmic processes help the system and a team of over 50 risk and security experts detect irregular behavioral patterns and sound the alarm for suspicious activities. The approach significantly reduces the risk of unauthorized access, instructions and withdrawals.A “Safety-first” Approach to TradingBybit has recently announced a comprehensive upgrade of its security measures. Verified by blockchain auditor CertiK, Bybit’s state-of-the-art safety model helped it secure a 10/10 trust score on CoinGecko. By leveraging multi-faceted security frameworks and heavily guarded vaults, Bybit ensures its users’ assets are stored in infrastructures designed to withstand even the most vigorous hacking attacks. With its commitment to building lasting trust in the Web3 ecosystem, Bybit aspires to deliver the highest standards in security to set new security standards for the industry. #Bybit /#TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, readers can please visit Bybit Press. For media inquiries, readers can please contact: media@bybit.comFor more information, readers can please visit: https://www.bybit.comFor updates, readers can please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

While the world’s biggest cryptocurrency had initially logged a mixed reaction to the rate cut, it eventually tracked an uptrend in other risk-driven markets, specifically stocks. Broader cryptocurrency prices rose on Friday and were also set for weekly gains. Bitcoin rose over 1% to $63,514.0 by 08:21 ET (12:21 GMT) – its highest level since mid-August. Bitcoin was trading up around 6% this week, and was headed for a second positive week. Sentiment towards crypto markets was boosted by the Fed’s 50 basis point rate cut, given that lower rates free up more liquidity that can then be deployed towards speculative assets. The Fed’s cut marks the beginning of an easing cycle that analysts estimate could bring rates lower by as much as 125 bps by the end of the year. But bigger gains in crypto- and broader risk-driven markets- were still limited by comments from Fed Chair Jerome Powell, who said that the Fed’s neutral rate will be higher than seen in the past. His comments spurred doubts over just how low interest rates will fall. The Fed’s outsized cuts also sparked some concerns over the state of the economy, and whether growth will slow in the coming months. Low interest rates were a key driver of crypto’s 2021 bull run, although the sector has since seen an extended decline in retail interest. Spot Bitcoin exchange-traded funds provided a limited boost to trading volumes earlier this year. Bitcoin has also remained largely within a tight trading range for most of this year. Broader cryptocurrency prices rose in tandem with Bitcoin, although altcoins were set for a mixed weekly performance. Recent capital flows into crypto have been largely directed towards Bitcoin and Ether, with the former largely retaining its dominance over the market. World no.2 crypto Ether rose 4.8% to $2,554.74 and was sitting on a 5.6% gain this week.SOL, XRP, ADA and MATIC rose between 0% and 7%, with Solana up the most this week with a 10% jump. The rest were set for a flat-to-low weekly performance. Among meme tokens, DOGE rose 1% and was up 0.9% this week.Hundreds of bitcoin mined during the network’s early days were moved on Friday, marking one of the rare occasions when bitcoin from the so-called “Satoshi era” has been active. This period refers to the time when Bitcoin creator, Satoshi Nakamoto, was still participating in online forums, roughly between late 2009 and 2011.On-chain tracker Whale Alerts flagged the movement of over 250 BTC, valued at nearly $16 million at current prices, during the European morning hours. The transactions, which occurred within an hour, involved batches of 50 BTC being transferred to new wallets.It remains unclear whether the wallets belong to the same individual or entity, and as of now, none of the newly moved BTC have been sent to cryptocurrency exchanges.Blockchain data reveals that these bitcoins were received as a block reward in 2009, only months after the network’s launch, and had remained inactive until the recent transactions.Ambar Warrick contributed to this report. More