Cryptocurrency

According to an official post shared via X Space, Agile Coretime introduces a novel approach to allocating resources on Polkadot. Unlike the previous auction-based system, which granted block space through two-year leases, Agile Coretime simplifies the process by creating a “core” — a virtual unit on the Polkadot Chain for managing transactions and running smart contracts for parachains. This system is overseen by the “Coretime Chain,” a specialized parachain that handles the purchase, renewal, and distribution of these resources. The Polkadot Chain will continue to serve as the network’s central hub, managing security, consensus, and cross-chain communication. Agile Coretime allows projects to obtain computational resources in two distinct ways: on-demand purchasing for new or smaller projects with variable needs and bulk purchasing for more established projects requiring steady blockspace. The bulk transactions are represented as non-fungible tokens (NFTs) and can secure blockspace for up to 28 days in advance.Polkadot 2.0, the term used to describe the future trajectory of the network, represents a series of changes designed to expand its capabilities. Founder Gavin Wood describes Polkadot 2.0 as an adaptable and scalable computing resource that will introduce features to improve scalability, lowering entry barriers, and meeting evolving market needs.Polkadot’s journey began with the release of its whitepaper in 2016, and the network hit a major milestone in 2023 with the launch of its final codebase. Beyond the technical aspects, the Polkadot 2.0 upgrade is already impacting the broader crypto ecosystem. High-profile projects like Mythical Games and Frequency have chosen Polkadot as their platform. The introduction of Agile Coretime gives developers more flexibility, allowing them to acquire blockspace in real-time based on their precise needs, which in turn improves the efficiency of resource management on the network. More

Nosana, the decentralized AI inference engine powered by a global network of consumer GPUs, reveals the official launch date for its Nosana Mainnet: January 14, 2025.Nosana, a leader in decentralized AI computing, is proud to announce the upcoming launch of its Nosana Mainnet, set for January 14, 2025. This marks a significant milestone for Nosana, following a year of rigorous testing and preparation for full-scale deployment.What Nosana’s Mainnet BringsNosana’s Mainnet will transform access to decentralized GPU resources, unlocking crucial power and efficiency for AI inference workloads. With the launch, Nosana’s users and GPU providers will enjoy new features and significant improvements:On September 30, 2024, Nosana will begin Test Grid Phase 3, its final stage of testing, focusing on refining pricing models, implementing staking, and ensuring the platform is fully prepared for the January launch. This phase will be the last opportunity to test critical components before the mainnet goes live.Nosana’s Vision for 2025The mainnet launch is just the beginning for Nosana. As the platform goes live, the company plans to expand its ecosystem and attract a broader range of projects. In Q2 2025, Nosana will host its first global hackathon, inviting developers and startups to explore new applications for AI inference on its decentralized GPU grid.Timeline Overview:Nosana is a decentralized AI inference engine powered by a global network of consumer GPUs. Built on the Solana blockchain, Nosana provides scalable and efficient access to GPU resources for AI workloads. With its cutting-edge infrastructure, dynamic pricing model, and advanced job-to-node matching, Nosana leads the way in decentralized AI computing.ContactCMOCaroline JohnovaNosanacaroline@nosana.ioThis article was originally published on Chainwire More

From September 18th to 19th, MEET48, as a platinum sponsor of Singapore’s TOKEN2049, showcased its latest product lineup to the audience, including the TON ecosystem fishing game “CoinFish” to be released on October 23rd, the TON ecosystem idol training game “CoinIdols,” the virtual idol generation AI SaaS tool “AIShowBox” and a series of upcoming online activities based on the metaverse community. These offerings truly demonstrated the innovative applications of combining Web3 technology and AI to users. Through games, music, dance, and social interaction, MEET48 illustrated the potential and possibilities of Web3 technology in the entertainment field, leading the public into a new era of large-scale Web3 applications.At TOKEN2049, MEET48’s Side Event “Back To The Streets” and the hackathon hosted by TON Foundation, MEET48 COO Kai Xu delivered a captivating brand presentation and speech on “The Mass Adoption of Web3 Idol Entertainment and Fan Economy.”On the night of September 18th, MEET48 successfully hosted the Web3 & AI party “Back To The Streets” at Clarke Quay in Singapore, attracting over a thousand registrants and generating an electrifying atmosphere.MEET48 GIPR2 Top7 idols (Zhang Qiongyu, Liu Zengyan, Zeng Aijia, Yang Bingyi, Zhang Xin, Liu Lifen, and Chen Ke) brought a stunning audiovisual feast to the audience, blending Web3 technology with entertainment elements. Their performance was met with rounds of applause and cheers, capturing the attention of numerous attendees from inside and outside the industry. They also received enthusiastic feedback from MEET48’s global fanbase, further showcasing MEET48’s strategic global expansion and its crucial role within the Web3 ecosystem.That evening, MEET48 GIPR2 Top7 idols also held a fan meet-and-greet at the party, warmly shaking hands and interacting with fans from around the world.On August 2nd, 2025, MEET48 plans to integrate idols from SNH48 and hold a global idol voting event in Hong Kong, further expanding the international influence of MEET48 and the entire 48 Group idols. This event will attract fans and participants from all over the world and will be a grand gathering where virtual idols and real idols compete on the same stage. Through entertainment, this event aims to pave the way for Web3 and lead it into the era of mass adoption.About MEET48MEET48 is regarded as one of the largest Web3 application project teams globally, with a technical and R&D team of 500 members and an operational network spanning across Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. MEET48 aims to achieve mass adoption of Web3 technology by focusing on an AI UGC content ecosystem centered around AIGC (Animation, IDOL, GAME, and Comics) entertainment content for Gen Z, as well as a graphical and intelligent metaverse social platform.MEET48 official website: https://www.meet48.xyz/Twitter (X): https://x.com/meet_48Telegram: https://t.me/MEET_48Discord: https://discord.gg/meet48ContactMarketing DirectorSiyu YangMEET48siyu@meet48.comThis article was originally published on Chainwire More

Having overcome its 50-day EMA, DOGE is currently trading slightly above $0.104. Given that Dogecoin has been trading in a generally bearish pattern over the last few months, this development is significant because it may signal the start of a larger reversal. If this momentum continues, Dogecoin may see additional gains in the next few days. The breakthrough above this level suggests renewed buying pressure. The potential for a golden cross adds to the intrigue of this scenario. When a long-term moving average like the 200-day EMA crosses above the short-term moving average in this example, the 50-day EMA a golden cross is formed.The current breakout gives hope that Dogecoin may eventually invalidate this bearish pattern and trigger a golden cross in place of the death cross, which occurred when the 50-day EMA crossed below the 200-day EMA. A development of that kind would probably encourage even more bullish sentiment.The 100-day and 200-day moving averages or $0.11 and $0.118 are important resistance levels to keep an eye on if Dogecoin is to keep moving higher. Indicating a return to bullish territory for DOGE, a break above these levels could confirm a reversal.After the recent rate cut of 50 basis points, which sparked a wave of capital inflows onto the cryptocurrency market, Bitcoin (BTC) has seen a notable breakout. This bullish trend has lifted Bitcoin above significant technical milestones, suggesting that the most popular cryptocurrency may make a return earlier than most people had expected. Since these moving averages frequently serve as important barriers to entry, breaking through them is a strong technical signal. When they are broken, it means that there is a positive shift in market sentiment.Since the 200-day EMA is a crucial indicator for many institutional and long-term investors, Bitcoin’s breakout above it is especially significant. Since there have been significant inflows onto the market, Bitcoin’s current price is above $62,000, and it appears that this rally may continue. If Bitcoin succeeds in surpassing the $68,000 barrier, it may indicate the start of a more extensive rebound for the whole cryptocurrency market.Past the $68,000 mark, the previous all-time highs might be the next important levels to monitor, which might pique the interest of institutional and retail investors once more. Though sentiment is generally positive, it is crucial to keep in mind that Bitcoin is still moving within a larger descending channel.If it fails to break above $68,000, this could lead to a retracement back to support levels around $60,000. However, for the time being at least, it seems that the bulls have the momentum, and Bitcoin is strengthening as it rises from its most recent lows.If TON succeeds in breaching this crucial barrier, it may surge rapidly in the direction of $6. If this is not done, though, there could be a significant retreat. The technical picture indicates that TON is at a critical juncture. The 50 EMA has historically been a strong resistance level, frequently serving as a divide between bullish and bearish trends. Because TON’s price is currently trading just below this level, a breakout could indicate that the asset is regaining momentum.However, if this does not happen, a retracement back to earlier support levels at $5.50 or even $5.30 may be necessary. The formation of a double-top pattern on local time frames adds to the uncertainty.If the $6 target is not hit soon, there may be an impending pullback, according to this bearish chart pattern, which frequently signals a decline in price. Before making any significant decisions, traders should be aware of this trend and wait for confirmation signals.This article was originally published on U.Today More

In his usual character, Michael Saylor, the chairman and cofounder of MicroStrategy, reacted to Bitcoin’s bullish upswing. In a recent tweet, Saylor made a playful yet impactful statement: “Have a Bitcoin Burger.”This tweet, while lighthearted, underscores Saylor’s unwavering support for Bitcoin. Under Saylor’s leadership, MicroStrategy has become one of the largest institutional holders of Bitcoin, with over 244,800 BTC in its reserves.MicroStrategy announced yesterday the pricing of its Convertible Senior Notes Offering. On Sept. 16, 2024, MicroStrategy issued a redemption notice, under which the Senior Secured Notes will be redeemed on Sept. 26, 2024.MicroStrategy estimates that the net proceeds from the sale of the notes will be around $864.1 million. In a press release, MicroStrategy stated that it intends to use the net proceeds from the offering to redeem all $500 million of MicroStrategy’s 6.125% Senior Secured Notes, due 2028, and that any remaining net proceeds will be used to purchase additional Bitcoin and general corporate purposes.At the time of writing, BTC was up 5.37% in the last 24 hours to $63,198, and up 9.37% this week.Wall Street traders speculating that the Federal Reserve would be able to make a soft landing fueled a rally in riskier sectors of the market, with stocks reaching an all-time high.As Bitcoin crosses $63,000, eyes are on the cryptocurrency to see if it will sustain its newfound bullish momentum and challenge its current all-time highs of nearly $74,000 attained in mid-March.This article was originally published on U.Today More

According to the tracker’s messages, the first in a series of mysterious withdrawals was a transfer of 2,999 BTC, worth about $187.64 million, from Huobi to the address “1NBX1,” which Arkham Intelligence identified as the Poloniex account.Next in line was another transfer from Huobi, this time even larger, as 3,994 BTC worth nearly a quarter of a billion dollars alone landed on the same address as the previous tranche. This was followed by two sudden withdrawals totaling 2,150 BTC, or $135.34 million, from Kraken. According to the general rule on the cryptocurrency market, the withdrawal of large amounts of cryptocurrency from centralized exchanges is considered a bullish sign. In many cases, such moves are precipitated by large players seeking to secure their massive holdings. Whether that is the case here remains to be seen.Bitcoin itself has not yet shown any unusual reaction to these withdrawals. The first cryptocurrency continues to climb in its quotes and has already reached the $63,000 zone. If the bullish trend continues, the most reasonable resistance is seen around $67,500, where the dynamic level extends.This article was originally published on U.Today More

Harvard Students and Alumni Launch Groundbreaking Native Bitcoin Blockchain Project at Harvard Innovation Labs to Tackle Global Debt Crisis At the heart of the project is the development of a native Bitcoin stablecoin, leveraging the transformative potential of decentralized finance (DeFi). Built on the innovative BeL2 infrastructure, NBW aims to reshape global financial systems, unlocking new possibilities for debt management and financial stability across nations. With the power of DeFi and blockchain, NBW stands poised to disrupt the status quo, offering a bold new path toward economic resilience in the face of one of the greatest challenges of our time. This initiative signals not just a step, but a leap toward a decentralized, stable and secure economic future. The project reframes Bitcoin as not just a store of value but the foundation of a decentralized financial system. Using BeL2—Bitcoin’s second-layer solution—the NBW project enables smart contracts for Bitcoin-backed stablecoin construction, empowering users to engage in decentralized finance while preserving Bitcoin’s core principles of decentralization and security. The BeL2 infrastructure allows for decentralized finance applications, where Bitcoin remains securely on the main network. Bitcoin can be used as collateral for Layer 2 applications such as decentralized exchanges, loans, and stablecoin issuance. The NBW team ensures that all Bitcoin-related settlements occur on the Bitcoin main network for maximum security. Instead of transferring assets across chains, messages are sent to Ethereum-compatible networks to issue stablecoin, uniting technologies and supporting a robust decentralized economy. About New Bretton Woods Project (NBW) The project is led by Digital Economy Research Initiative, a team of Harvard students and alumni. NBW is set to be incubated at Harvard Innovation Labs in the coming weeks. Focused on bridging the gap between traditional finance and decentralized systems, the team is committed to advancing financial inclusivity and economic stability. About Harvard Innovation Labs Harvard Innovation Labs is a collaborative ecosystem that supports entrepreneurship across Harvard University. It provides resources, mentorship, and funding to students, faculty, and alumni as they develop practical solutions in fields like technology and finance. About BeL2BeL2 is Bitcoin’s second-layer solution that enables decentralized finance (DeFi) while keeping Bitcoin secure on its main chain. By providing users with the ability to lend, borrow, and trade without intermediaries, BeL2 ensures financial freedom while preserving Bitcoin’s core principles of decentralization. With BeL2, users retain full control over their Bitcoin while accessing new financial opportunities. ContactMedia LeadRoger DarashahElastosroger.darashah@elastoselavation.orgThis article was originally published on Chainwire More

Agile Coretime Paves the Way for Polkadot 2.0 Improving the Network’s Scalability, Cost, Speed, and FlexibilityThe Polkadot community celebrates the release of its latest major product, “Agile Coretime”, as part of the ongoing Polkadot 2.0 upgrade. This new feature represents a significant advancement in how computational resources are allocated and managed within the Polkadot ecosystem, delivering unprecedented efficiency, scalability, and accessibility for projects of all sizes.Agile Coretime is not just a technical upgrade; it is the most important product launch this year for Polkadot as it evolves, through seamless on-chain governance, into a network ready to onboard the Web3 masses. It also serves as a primary catalyst for the rebirth of the entire ecosystem. By making it easier for projects to build and scale on Polkadot, this feature is designed to attract a new wave of innovative applications and use cases.As the second crucial component on the path to Polkadot 2.0, which previously saw Asynchronous Backing go live and will later allow for Elastic (NYSE:ESTC) Scaling, Agile Coretime redefines how blockchain resources are allocated by offering a dynamic, on-demand blockspace model. This new approach replaces the previous auction system, in which single cores were leased for two years at a time. The new approach makes it easier and more cost-effective for projects to access the resources they need, when they need them.Eskimor, lead developer at Parity Technologies, Polkadot’s leading technical contributor, said: “Agile Coretime is a huge milestone in making the high quality blockspace Polkadot offers more accessible. With this and other features we have in the pipeline, I expect more experimentation and awesome projects to be launched on Polkadot, showcasing its amazing capabilities. Let’s wake our sleeping giant!”One of the key advantages of Agile Coretime is its ability to align resource availability with actual network demand. By dynamically allocating computational resources, Polkadot ensures that no resources are wasted during low activity periods, while also preventing congestion during peak times. This adaptability is crucial for projects with varying needs, enabling them to scale and operate more efficiently without the burden of high upfront costs.”Devs have historically faced a binary choice: deploy a smart contract and compete with other protocols for limited blockspace, or deploy a blockchain and pay for a large amount of dedicated blockspace,” says Derek Yoo, CEO of Moonsong Labs, “Agile Coretime addresses this challenge by offering a flexible approach. For projects starting out, you can harness the power and customizability of a blockchain while paying only for the blockspace you need. For mature projects with product-market fit, Agile Coretime allows scaling to meet high levels of demand without the need for sharding.”For new developers and smaller projects, Agile Coretime lowers the barrier of entry by providing access to Polkadot’s robust infrastructure without the need for significant DOT collateral. This democratizes access, fostering greater innovation and participation within the ecosystem.Projects can purchase coretime either on-demand or in bulk, providing flexibility or predictability depending on their specific needs. On-demand purchases are ideal for projects with fluctuating demands, while bulk purchases offer stable and reliable resource allocation for teams requiring a steady flow of blockspace.For media inquiries, please contact Jonathan Duran at Jonathan(at)Distractive(dot)xyzAbout PolkadotPolkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, you’re not just a participant, you’re a co-creator with the power to shape its future.ContactMarketing Communications DirectorJen WheatleyDistractivejen@distractive.xyzThis article was originally published on Chainwire More