Cryptocurrency

In an X post, Saylor simply wrote: “Catch the Bitcoin Wave.” Saylor’s post comes at a time when the cryptocurrency market is experiencing lackluster price movement.Bitcoin’s price action has stagnated, and investor sentiment has been apathetic for the last six months. According to Glassnode, a significant shift has occurred in the last three months, with downward pressure intensifying and forcing the market to see its steepest drop of the cycle.Following this, the Bitcoin Short-Term Holder group stays significantly underwater on its holdings, while the average Bitcoin investor remains profitable overall.While the MicroStrategy chairman did not provide further elaboration in his tweet, Saylor’s tweet, accompanied by an image of himself riding a wave, evokes imagery of momentum and timing, urging the market to seize the chance before it passes.Saylor remains the driving force behind MicroStrategy’s aggressive Bitcoin acquisition strategy: as of late July, the company had acquired over 226,500 Bitcoin, making it one of the largest corporate holders of the cryptocurrency.Private payrolls increased by 99,000 in August, well behind Dow Jones experts’ consensus projection of 140,000. This may heighten concerns about the health of the U.S. economy, as investors prepare for the key jobs data release on Friday.Specifically, traders are waiting for carefully watched data on nonfarm payrolls, unemployment and wages, which is coming Friday morning.The report comes ahead of the Federal Reserve’s next meeting later this month when it is expected to decrease interest rates. However, uncertainty remains on the magnitude of the rate cut.This article was originally published on U.Today More

Investing.com – It seems that the days of unstoppable rallies have come to a sudden and unexpected end. Many experts and investors agree: there will be no further BTC bull run. This grim prediction reflects the current sentiment dominating the cryptocurrency market.
At the beginning of the year, there was a palpable euphoria in the air. Meme-coins were touted as the next big opportunity, with predictions that some coins had the potential to increase their value fiftyfold. Today, however, amid a general pessimism, even moderate forecasts, such as a fivefold increase in prices, appear to be downright wishful thinking.
The extreme fluctuations in market sentiment are not new in the crypto-universe. This emotionality, which accompanies Bitcoin and other cryptocurrencies, drives prices to both breathtaking highs and dizzying lows. Crypto investors regularly experience highs followed by subsequent crashes.
Although the current market situation seems grim, there are still positive developments to be noted. The acceptance of cryptocurrencies is progressing inexorably, which is an indicator of the potential and longevity of these digital assets. A striking example of this is the Zürcher Kantonalbank (ZKB).
The ZKB, one of the largest financial institutions in Switzerland, now offers its clients the ability to trade, store, and hold Bitcoin and through their existing mobile apps and e-banking channels.
This service was introduced on September 4 in collaboration with Crypto Finance, a FINMA-regulated institution. The ZKB’s decision shows that despite extreme market sentiment and predictions about the end of bull runs, a significant movement towards mainstream acceptance of cryptocurrencies is underway.
The wide acceptance of cryptocurrencies in Switzerland fits well with the overall climate in the country, which is characterized by a positive attitude towards digital assets. Even the Swiss National Bank holds an indirect Bitcoin position, as it owns shares in MicroStrategy Incorporated (NASDAQ:), the largest BTC holder in the stock market.
In conclusion, it can be said that regardless of the current market turmoil and pessimistic forecasts, the movements and real progress within the financial world speak for a long-term stability of this sector. Whether there will ever be another massive bull run remains to be seen, but the fact that more and more traditional financial institutions are integrating cryptocurrencies suggests a brighter future and genuine long-term acceptance.
Crypto investors looking to diversify their portfolios with undervalued stocks are increasingly using InvestingPro. With this tool, anyone can find undervalued stocks in their target markets and make informed investment decisions. More

The only difference is that rather than making a “big short” on mortgage bonds in the U.S. market, Mow is taking a “big long” on Bitcoin, with a hunch that the world’s leading cryptocurrency is about to demonstrate an “Omega candle” and soar through the roof.Mow’s comparison of himself to Burry was made in relation to Mow’s confidence (which he believes to be firm knowledge) in a Bitcoin Omega candle coming to hit the market. He stressed this fact, adding that the arrival of this mega-sized green Bitcoin candle “is taking longer than expected.”The advice Mow gives to himself and other believers in Bitcoin is the following: “If your core thesis is correct you just need to keep focused and wait.”Today, however, a big green candle on an hourly chart helped Bitcoin to regain $58,000 briefly. BTC is currently changing hands at $56,832 again.Financial commentator Jim Cramer, took to his X account to clarify what was going on. According to his tweet, the sell-off was focused mainly on everything related to AI technology, data centers and/or computing. But, he pointed out, it was also about selling the stocks of companies dealing with housing, oil and some companies working with infrastructure.Nvidia (NASDAQ:NVDA) giant and leading producer of chips used for cryptocurrency mining and AI training received a subpoena from the U.S. Department of Justice.This article was originally published on U.Today More

Nolan Bushnell’s Video Game Tournament Platform, Moxy, Joins Forces with SKALE Labs to Transform Reward-based gaming with Cutting-Edge Blockchain Technology, Removing Gas FeesSKALE, the gas-free invisible blockchain network, is excited to announce a landmark partnership with Moxy, a pioneering video game tournament and gamification platform co-founded by Nolan Bushnell, a founding father of the video game industry and the co-founder of Atari. In the 1970s, Bushnell created the groundbreaking first computerized video game, “Pong.” This collaboration marks a milestone in bridging Web2 games and gamers with a Web3 reward ecosystem. Bushnell is embracing and advancing SKALE’s gasless invisible blockchain technology, signaling a major shift in the gaming industry’s evolution.Bushnell and the Moxy team chose SKALE for its unmatched speed and efficiency. SKALE’s recent Pacifica V3 Upgrade accelerated block mining speed by 108% and increased transaction throughput by 122%, solidifying SKALE as the world’s fastest and most efficient blockchain in the ongoing battle for modularity and next-gen performance.“Our collaboration with SKALE is a game-changer for rewards in gaming. By eliminating gas fees and harnessing SKALE’s high throughput infrastructure, we are setting a new standard for how gamers can earn rewards through gamification,” said Nolan Bushnell, co-founder of Moxy. “We now have the potential to bridge the gap between casual and competitive gaming experiences, creating a seamless and rewarding experience for all users.” As part of this partnership, Moxy will deploy on the SKALE Network and leverage SKALE’s advanced blockchain infrastructure. This deployment on SKALE will save Moxy users an impressive $3.5 million USD in transaction fees annually. Moxy Games will now have the opportunity to significantly elevate its competitive gaming environment and community reward system by integrating advanced features and innovative technologies that enhance player engagement and reward loyalty. This enhancement will not only enrich the gaming experience but also foster a more dynamic and interconnected community.The new partnership between Moxy and SKALE Labs tackles key challenges in blockchain enhanced gaming, such as high gas fees and slow transaction speeds. By leveraging SKALE’s advanced infrastructure, this joint effort represents a significant step forward in enhancing the gaming experience within the rapidly evolving blockchain landscape.For more information, users can visit skale.space or follow SKALE on x.About SKALE LabsSKALE Labs is the foundation behind SKALE, the gas-free invisible blockchain network designed to scale gaming, AI, social, and high-performance dApps to the masses. SKALE is BUILT DIFFERENT. Chains are gas-free, fast, modular, and fully EVM-Compatible, making them ideal for a wide range of decentralized applications. With a commitment to driving the mass adoption of Web3 technologies, SKALE empowers developers and businesses to build scalable, efficient, and user-centric blockchain applications. Harmonizing speed, security, and decentralization, SKALE Labs was born in Cali in 2018 by Jack O’Holleran and Stan Kladko, PhD. As of Q3 2024, the network serves over 5 Million monthly active users and has saved $8 Billion in gas fees.About MoxyMoxy is a trailblazing video game and gamification tournament platform at the forefront of competitive gaming and Web3 reward technology. Through its $MOXY token ecosystem, Moxy offers a unique and rewarding experience for gamers, redefining competitive gaming and expanding the gaming ecosystem. For more information, visit https://moxy.io.ContactSenior PR ManagerWahaj KhanSerotoninwahaj@serotonin.coThis article was originally published on Chainwire More

AI-driven platform detects fraud at its earliest stages, preventing billions in potential crypto lossesAs scams grow more sophisticated and increasingly target crypto for laundering billions in losses, CUBE3.AI is pioneering a new era in fraud prevention. Today, the company announced major enhancements to its platform that bridge the gap between Web2 and Web3, enabling real-time risk assessment and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others.In 2023, investment scams alone led to more than $4.5 billion in losses, with 86% linked to cryptocurrency. A substantial portion of these scams originate in Web2—through social media interactions, fraudulent websites, or other online channels—before transitioning into crypto where recovering stolen assets becomes nearly impossible. While the industry has traditionally focused on either Web2 or Web3, CUBE3.AI leverages unique expertise and proprietary AI technology that seamlessly integrates both realms, enabling the detection and prevention of fraud across the entire digital landscape. This approach addresses a critical gap by offering a holistic view of fraud patterns across both Web2 and Web3, enabling early detection, thorough risk assessment, and timely intervention.About CUBE3.AICUBE3.AI is an innovative platform dedicated to real-time fraud and crypto crime prevention. Utilizing proprietary artificial intelligence models, CUBE3.AI protects digital assets and transactions from fraud, cyber exploits, hacks, scams, and compliance risks, empowering businesses to protect their assets, reduce chargebacks, and minimize financial losses. Our technology not only responds to incidents but also anticipates and prevents them before they occur, safeguarding businesses and individuals from the risks associated with crypto transactions.The company was founded by a team of machine learning researchers, fraud prevention specialists, white hats and blockchain engineers, and is backed by leading investors – including Blockchange Ventures, Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures. Users can learn more at www.CUBE3.AI and join CUBE3.AI on LinkedIn, Twitter and Telegram. ContactHead of MarketingRasa PetuchCUBE3.AIrasap@cube3.aiThis article was originally published on Chainwire More

After successful launches on other major networks, AUSD has deployed on Sui, tapping into the scalable, high-performance network and strengthening Sui’s stablecoin ecosystem.Agora, the stablecoin company led by early-stage finance and technology industry veterans Nick van Eck, Drake Evans, and Joe McGrady, has launched its industry-disrupting AUSD stablecoin on Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling. AUSD adds a key dimension to Sui’s surging list of native assets, being the first institutional-grade US dollar stablecoin to deploy in the Sui DeFi ecosystem.“By integrating first-class assets like AUSD natively on the network, Sui is empowering developers and offering essential access to DeFi for a new class of institutional users,” said Gap Kim, Global Head of Marketing for Sui Foundation. “As the Sui ecosystem continues to grow, opportunities for innovation and financial accessibility on Sui will also expand exponentially, benefiting the entire Sui community.”Building on its prior successes on Ethereum and Avalanche, AUSD’s integration into the Sui Network immediately enhances its utility, accessibility, and interoperability. Within the first six weeks of contract deployment on Ethereum and Avalanche, nearly $60M AUSD has been minted with $5M+ of daily DEX volume. The integration has already begun improving liquidity and market efficiency within Sui’s rapidly expanding DeFi ecosystem, which at the time of writing boasted over $600 million in Total Value Locked (TVL) and consistently ranks among the top chains in weekly DEX trading volume. ContactSui Foundationmedia@sui.ioThis article was originally published on Chainwire More

 Indonesia is setting its sights on becoming a leader in the digital economy by focusing heavily on blockchain technology. Under its ambitious “Indonesia Golden Vision 2045,” the country integrates five key technologies — artificial intelligence, IoT, metaverse, quantum computing, and blockchain — into its economy and everyday life.Blockchain is set to play a vital role, with its promise of improved transparency, security, and efficiency across both public and private sectors.Denpasar Mayor Gusti Ngurah Jaya Negara kicked things off, calling blockchain a game-changer for transparency and fairness. “Blockchain will drive Indonesia’s prosperity by enhancing transparency and efficiency for the public good,” he said.Throughout the day, speakers highlighted practical uses for blockchain, from land registry and public health records to product authentication. Mandala Chain also announced plans to integrate its IDCHAIN solution with government agencies to bring over 10 million users on board in collaboration with PANDI, the official “.ID” domain registry.Mandala Chain is also teaming up with local governments to test decentralized identity systems in banking, healthcare, and smart city projects.The company, in partnership with Polkadot and KILT Protocol, is working to expand blockchain infrastructure beyond Indonesia with a greater focus on emerging markets. The goal is to use Polkadot’s scalable tech and KILT’s digital identity solutions to build a framework for these fast-growing regions.The summit also comes hot on the heels of Polkadot’s release of a detailed guide on funding options available for projects and individuals at various stages of development. The guide includes venture capital, ecosystem-wide grants, specialized development grants, community-driven funding initiatives, project-specific grants, and bounties.The guide also outlines opportunities ranging from small grants to multi-million dollar funds, focusing on areas such as DeFi, gaming, and infrastructure. More

August 2024 Highlights:Strategic HODL Increase:HIVE emphasizes that with a Bitcoin HODL value exceeding $164 million as of August 31, 2024, the Company’s enterprise value remains compelling compared to industry peers.Executive Insights:Frank Holmes, Executive Chairman, commented, “We remain focused on our strategy of maintaining the lowest G&A expenses per Bitcoin mined, maximizing cash flow return on invested capital, and achieving high revenue per employee while minimizing share dilution. Our disciplined approach, supported by a global team operating across nine time zones, positions HIVE as one of the leanest Bitcoin mining operations with an attractive EV to EBITDA multiple, holding over 2,500 clean and green Bitcoin on our balance sheet.”Aydin Kilic, President and CEO added, “Over the past month, we have optimized our fleet’s performance, achieving an average hashrate of approximately 5.2 EH/s by fine-tuning the firmware of our 30 J/TH machines, improving their efficiency to 27-28 J/TH. This has led to a global fleet efficiency of approximately 23 J/TH. We plan to continue this optimization over the next nine months, upgrading our remaining 30 J/TH ASICs. This will increase our installed hashrate at existing facilities to 6.9 EH/s with a blended fleet efficiency of 19 TH/s.”He further noted, “To support this strategy, we have acquired 1,000 Bitmain S21 Pro Antminers for immediate delivery to upgrade our existing suite of equipment. Additionally, we have purchased 300 Bitmain S19 XP miners to fully utilize available rack space at our Lachute facility. These machines were purchased and installed in August.”With this monthly rolling upgrade strategy, HIVE’s updated target hashrate is projected to reach 13.5 EH/s, with a global blended fleet efficiency of 16.9 J/TH upon the completion of the Paraguay facility. This will be achieved while maintaining our green energy strategy, which prioritizes the use of hydroelectricity to power our data centers.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/5335/222206_15585eaa148f4a0e_0001full.jpg More