Cryptocurrency

The Bitcoin Standard concept refers to adopting Bitcoin as a global monetary alternative, similar to how gold was utilized in the past. Under this concept, Bitcoin would serve as an international reserve currency, disrupting the role of central banks.Notably, Bitcoin miners are critical to the functioning of the BTC network. These individuals help secure and validate transactions on the network by solving complex mathematical problems. In return, they receive incentives through Bitcoin and fees for their work. By adopting the Bitcoin Standard, these miners can better secure the network and ensure the long-term sustainability of the coin.Additionally, miners can increase their income by exploring new business models and services, such as cloud mining, mining pools and financial products based on Bitcoin. An additional source of income will help boost miners’ incentives, which were reduced by half following the April halving event.Furthermore, miners adopting the Bitcoin Standard can get extra freedom due to zero government interference. An increase in this indicator could lead to higher operational costs for miners, which might influence the future movement of Bitcoin’s price. However, Mike Novogratz, Galaxy Digital’s CEO, believes integrating AI into mining can reshape the Bitcoin mining ecosystem.This article was originally published on U.Today More

The DePIN network releases over 700 AirNodes in Northern Nevada and California, enhancing rewards for AirNode operators and connectivity for underserved communities. World Mobile, a leader in decentralized physical infrastructure networks (DePIN), today launched the second batch of AirNode sales, marking a significant expansion of its U.S. wireless network and reinforcing its commitment to connecting underserved communities. This new launch includes the deployment of over 700 AirNodes across Northern Nevada and California, to be distributed through global sales across multiple drops. The introduction of Batch Two follows the rapid sellout of Batch One earlier this year, which saw a complete uptake in fewer than 36 hours. World Mobile’s AirNodes, which are decentralized wireless network nodes, provide both cellular and fixed wireless internet connectivity, particularly to areas where traditional services fall short. AirNodes offer a unique opportunity for anyone to purchase and operate a DePIN node. AirNode Operators are rewarded based on the subscriber usage of the wireless services provided by their AirNode. In June, the average rewards payment for Operators exceeded $400, highlighting the impact of participation in the network. As World Mobile’s network continues to expand, it recently surpassed 100,000 daily active users globally, representing a 400 percent growth over the last year. This achievement positions World Mobile as the largest decentralized wireless network by unique users, with the network’s operations supported by World Mobile Token (WMT). All network transactions, including calls, data, and wallet transactions, will be compensated in WMT, ensuring that operators and stakers remain incentivized and engaged in driving ecosystem growth. 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/ and join their community:X | Instagram | Facebook (NASDAQ:META) | LinkedIn | Discord | TelegramContactCMOMike Blake-CrawfordWorld Mobile Groupmike.blake-crawford@worldmobile.ioThis article was originally published on Chainwire More

Tellor, a leading decentralized oracle protocol, is thrilled to announce the launch of the Antietam Testnet. This is the initial public testnet deployment for their upcoming Layer 1 blockchain, Tellor Layer, developed using the Cosmos SDK, and represents a major advancement in decentralized data consensus.Introducing Tellor Layer Tellor Layer is a groundbreaking blockchain solution designed to achieve consensus on subjective data through a network of economically incentivized staked parties. As a Layer 1 blockchain, Tellor Layer enables users to request and validate a diverse range of data, relying on a decentralized network of validators to maintain the integrity and security of the chain. To learn more about the technical underpinnings of Tellor Layer, the team invites users to review their new whitepaper.About the Public Testnet: Antietam TestnetThe launch of the public testnet, codenamed Antietam Testnet, represents a critical phase in the development of Tellor Layer. This initial iteration focuses on testing the fundamental functionalities of the network, including node participation, validation processes, and data reporting mechanisms. Antietam Testnet will undergo at least two iterations, each designed to stress-test the network and refine its processes in preparation for the mainnet launch.How to Participate in the Public TestnetThe primary objective of the Antietam Testnet is to engage the public in testing the core functionalities of Tellor Layer. Participants are encouraged to set up nodes, stake as validators, report data, and bridge test TRB tokens to and from the Tellor Layer.A detailed guide has been provided to assist participants in configuring their Tellor Layer nodes, joining the network, staking as validators, and beginning the reporting process. This guide assumes a basic familiarity with the Cosmos SDK and a comfort level with running experimental code via the command line interface. Please note that oracle data reporting is not yet available for public testing.Tellor Setup GuideTo join the Tellor Layer public testnet, users can follow the setup guide available in the Antietam Testnet documentation. The team encourages all participants to thoroughly review the guide before beginning to ensure a seamless setup experience. User’s feedback and participation are crucial as Tellor continues to advance towards the mainnet launch.Joining the CommunityFor additional support or to engage with the Tellor team, users are invited to join their Discord community and participate in the “testing layer” channel, where the team is available to assist with any questions or challenges.About TellorTellor is a decentralized oracle network that enables smart contracts on Ethereum and other blockchains to securely interact with off-chain data. Through its innovative design, Tellor brings the power of decentralized consensus to the world of data validation and reporting.ContactCSOMichael ZemroseTellorinfo@tellor.ioThis article was originally published on Chainwire More

Carlos Moreira, CEO of WISeKey, commented, “The investment commitment through a Token Subscription Agreement from GEM not only reflects our shared values but also represents a significant milestone in advancing SEALCOIN’s vision. The $50 million investment commitment from GEM Digital Limited will be pivotal in accelerating the development of SEALCOIN’s DePIN. The funds provided by GEM will be directed towards enhancing the platform’s capabilities, ensuring scalable, efficient, and robust IoT transaction solutions and promote the use of SEALCOIN as Machine-to-Machine token worldwide.”Additionally, THG, a leader in the design, development, and deployment of Hedera-powered DLT solutions on the Hedera network, has signed an agreement with WISeKey to provide initial investment into SEALCOIN AG, engineering and technical expertise, and strategic guidance in the Web3 economy. THG, a Swiss-based digital innovation and venture building company mandated by The Hashgraph Association (THA) for the delivery and operation of strategic Hedera-enablement programs, is specialized in the digital empowerment of startups, enterprises, and government institutions through its proven innovation and venture building programs, leveraging the Hedera network. The SEALCOIN project aims to revolutionize the Internet of Things (IoT) using Hedera’s decentralized ledger technology (DLT) by enabling autonomous transactions and service exchanges among IoT devices through its utility token, SEALCOIN.The platform addresses the growing need for efficient and trustworthy transactions in the IoT sector, particularly in Transactional IoT (t-IoT), by leveraging Hedera’s DLT ledger, Hedera Smart Contract Service (HSCS), Hedera Token Service (HTS), and the Hedera Consensus Service (HCS). This creates a DePIN that allows IoT devices to autonomously negotiate, execute, and settle transactions without human intervention or intermediaries, enhancing efficiency, security, and reliability.THG’s investment will enhance SEALCOIN AG’s ability to develop scalable and robust IoT transaction solutions on Hedera. The support includes not only financial backing but also technical engineering expertise, token economics, and strategic guidance in Web3.GEM Digital Limited, a digital asset investment firm based in The Bahamas, actively sources, structures, globally, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. GEM is a $3.4 billion alternative investment group with offices in Paris, New York, and Bahamas.SEALCOIN AG is at the forefront of revolutionizing the IoT landscape. Through the strategic investments from THG and GEM Digital, SEALCOIN is set to transform IoT with its state-of-the-art DePIN services platform, designed to enable autonomous transactions and service-for-payment exchanges among IoT devices.THE SEALCOIN Project – Leveraging Blockchain and DLT for IoTThe SEALCOIN project harnesses the power of Blockchain and Decentralized Ledger Technology (DLT) to facilitate seamless and secure interactions between devices. Utilizing the Hedera DLT ledger and its smart contracts, SEALCOIN delivers a decentralized infrastructure that empowers IoT devices to autonomously negotiate, execute, and settle transactions. This innovative approach eliminates the need for human intervention or unnecessary intermediaries, enhancing the efficiency, security, and reliability of IoT interactions.The SEALCOIN platform is currently in development and expected to go live in Q4 this year. WISekey is currently in the process of finalizing the regulatory requirements to be able to issue the token to clients and investors using this technology. A Proof of Concept for the use of SEALCOIN on a t-IoT has already been developed and is available for general review on this link https://youtu.be/daOvoOxqGvQ.Transformative Use Cases of SEALCOINSEALCOIN, backed by the technological prowess of WISeKey, is not just a token; it’s a visionary leap towards a more efficient, secure, and interconnected world. Its potential applications across various sectors underscore its capacity to revolutionize M2M transactions. As we embrace this new era, SEALCOIN envisions a future where machines seamlessly and securely interact, creating a tapestry of technological synergy that could redefine the fabric of our daily lives.For more information, visit www.sealcoin.ai.About GEM Digital LimitedGEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 580 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.About The Hashgraph GroupThe Hashgraph Group is a professional innovation and venture building organization that is focused on the enablement of entrepreneurs, enterprises, and government institutions around the globe through the development of enterprise-grade solutions and decentralized applications on Hedera network. Headquartered in Switzerland, The Hashgraph Group is mandated by The Hashgraph Association as the service delivery organization for a range of strategic Hedera-enablement programs focused on empowering a digital future for all and achieving broad adoption of Hedera globally. For further information, visit us under www.hashgraph-association.com.About SEALCOIN AGSEALCOIN AG, a Swiss-based DePIN (Decentralized Physical Internet Network) entity, is transforming the Internet of Things (IoT) landscape with its SEALCOIN Project. Supported by strategic investment from The Hashgraph Association, a leader in digital enablement through the Hedera network, SEALCOIN AG is set to revolutionize IoT.The SEALCOIN Project leverages Hedera’s decentralized ledger technology (DLT) to create a cutting-edge platform for autonomous transactions and service-for-payment exchanges among IoT devices. Central to this project is the SEALCOIN utility token, facilitating secure and seamless interactions between devices and participants.Addressing the growing need for efficient and trustworthy IoT transactions, particularly in Transactional IoT (t-IoT), the SEALCOIN platform utilizes Hedera’s DLT, Smart Contract Service (HSCS), Token Service (HTS), and Consensus Service (HCS). This infrastructure empowers IoT devices to autonomously negotiate, execute, and settle transactions, eliminating the need for human intervention or intermediaries, thereby enhancing efficiency, security, and reliability.About WISeKeyWISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.Forward-Looking StatementsDisclaimer:This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey. More

SKALE Swell demonstrates how building different leads to easier onboarding and can transform community engagement like never before.SKALE, the gas-free invisible blockchain network, announces the launch of SKALE Swell, an interactive platform that will accelerate community engagement and reward participation to welcome millions of consumers into the Web3 space. As a network of EVM-compatible, high-throughput chains, SKALE ensures that Swell makes decentralized technology more intuitive, seamless, and engaging for both natives and non-natives by leveraging its gas-free, frictionless experience.Currently, many new users struggle with understanding and engaging with these new blockchain technologies, leading to early abandonment of their exploration. SKALE tackles this issue with its consumer-focused approach by introducing the Swell platform, which simplifies user interaction and discovery, all with zero gas fees. To begin the journey with Swell, please visit swell.SKALE.space. Ride On. About SKALE: SKALE Labs is the foundation behind SKALE Network, a gas-less EVM-compatible modular blockchain, which is designed to provide a world-class experience for builders of games, AI, SocialFi, and web3 applications. As of Q3 2024, SKALE Network serves over 5 million monthly active users and has saved $8 Billion in gas fees with its innovative modular architecture. SKALE Chains feature high performance, zero gas fees, enhanced security, and instant finality, 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. On the SKALE network, developers can deploy their own EVM-compatible blockchain by unlocking advanced features such as AI/ML smart contracts, on-chain file storage, interchain messaging, and zero-cost minting. Harmonizing speed, security, and decentralization, SKALE Labs was founded in 2018 by Jack O’Holleran and Stan Kladko, PhD. ContactPR ManagerKyle HeiseSerotoninkyle@serotonin.coThis article was originally published on Chainwire More

Current market conditions are setting the stage for a big shift, the crypto entrepreneur is convinced. He points out a clear link between a drop in funds in the reverse repurchase agreement (RRP) market and a rise in Bitcoin’s price. As more money comes into the system from the RRP, asset prices, including cryptocurrencies, are set to rise.Hayes is still feeling good about Bitcoin’s future and thinks it may reach $100,000 soon, and that it could even hit $1,000,000 down the road. He is planning to take advantage of the current market weakness during the summer, expecting the market to emerge from its sideways movement by September.Looking ahead, Hayes plans to sell his crypto bags in October, when he expects liquidity to peak before the U.S. elections. It is not the end though, as his outlook suggests that the true bull market in cryptocurrencies will commence after the U.S. debt ceiling situation is resolved in early 2025.This article was originally published on U.Today More

Polkadot price has also faced pressure, falling around 3% in the past 24 hours to $4.45. Despite the drop, the altcoin remains up roughly 6% in the past week, marking a notable recovery after dropping to as low as $3.6 at the start of this month.Long-term, investors maintain an optimistic view on DOT’s prospects. Many still believe the Polkadot blockchain ecosystem will be crucial in the Web3 technology revolution, which aims to decentralize the web and empower creators and consumers, moving away from centralized control by major social media platforms. Investors are also excited about the proposed JAM upgrade, introduced by Polkadot founder Gavin Wood. This project will replace the current central relay chain with the more advanced, flexible JAM network, which promises enhanced security and efficient cross-network communication. Although JAM is still in development and unlikely to be released before 2025, its potential to boost productivity is expected to support DOT’s price growth over time.Looking back, the Polkadot price reached a peak of $54 in the fall of 2021, just before the onset of the global inflation crisis. Over its four-year history, the average price of Polkadot has been around $13, which is over 190% higher than its current levels. The recent correction pushed the DOT price towards $3.5, which is a massive horizontal support that will provide a ton of support. A sustainable bounce off of this support zone could result in a move towards the next big resistance block, which sits around $6-7.More importantly, the bounce off of this important zone has created potential for a double bottom formation. This bullish pattern can be activated if the price action penetrates through the neckline, which sits just below the $12 handle.In this case, the Polkadot price is likely to continue rallying and is eventually expected to reach the $20 zone, which would mark the completion of the double bottom pattern. However, this bullish development is contingent on a more favorable risk sentiment. More

Kelp DAO, a liquid restaking platform is launching the ‘Kelp Gain Vaults’ Program. The program enhances earning potential of airdrops and rewards for restakers and users, being the first project giving access to multiple Layer 2 airdrops in a single, diversified strategy. Kelp Gain allows users to benefit from streamlined access to diverse rewards strategies through a single click. The program will initially feature the Airdrop Gain Vault, a specialized vault that simplifies participation in airdrop opportunities across various L2 protocols, without managing individual positions. The vaults leverage smart contracts to manage asset deployments and maximize airdrops and rewards. Users deposit assets into the vault and receive a synthetic token in return. These assets are then allocated to curated reward opportunities, with periodic adjustments made by the vault’s strategy manager to optimize returns and mitigate risks. This approach provides comprehensive access to L2 airdrops and also utilizes the composability of DeFi with synthetic token. The vault is being launched in partnership with August, an institutional grade platform for crypto, developing the smart contract infrastructure, and Tulipa Capital acting as the lead strategy partner for the Airdrop Gain Vault, with L2/ DeFi partners including Linea, Karak, Scroll, Pendle, Across, LZ, Pendle, Spectra, Lyra and several DEXs. The launch of Kelp Gain marks an industry wide progression toward automated reward management and investment strategies.To access the vault, click this link. About Kelp DAO: Kelp DAO is one of the leading liquid restaking protocols—having crossed $1 billion in TVL in June 2024—with 250k+ ETH under management across 45,000 restakers. Their liquid restaked token (LRT) was the first to hit the Ethereum mainnet and pioneered liquid restaking with liquid staking tokens. Currently, Kelp DAO facilitates liquid restaking for native ETH and LSTs alike across Ethereum mainnet and 8 L2 networks.ContactHead of CommunicationsArchana Barchana@kelpdao.xyzThis article was originally published on Chainwire More