Cryptocurrency

ZAN, the web3 technology brand of Ant Digital Technologies, plans to run a Sui RPC (NYSE:RES) node with Mysten LabsMysten Labs, a web3 infrastructure company and the original contributor to the Sui blockchain, today announced a partnership with ZAN, the technology brand of Ant Digital Technologies.With the integration of Sui, ZAN aims to accelerate the development and adoption of its web3 applications. The collaboration will focus on Mysten Labs lending technological support in two key areas: KYC infrastructure and RPC node services. ZAN will provide KYC services for projects building on Sui, contributing essential compliance solutions for the blockchain. ZAN will also officially launch RPC node services for Sui, enhancing the blockchain’s scalability and accessibility for developers and users in the APAC region.“We are excited to build a partnership with Mysten Labs. Sui is a star public chain dedicated to technology and value creation, with a rich ecosystem and diverse applications. Similarly, ZAN stems from a technology-driven team, and we are committed to building the next-generation technological infrastructure for the Web3 industry. We look forward to more technical exchanges between each other, jointly promoting innovation and development in the entire industry,” said Cobe Zhang, Chief Operating Officer of ZAN.Together, Mysten Labs and ZAN will explore building opportunities in areas such as payments, data, digital identity, and more, with the goal of delivering innovative solutions that benefit consumers, businesses, and the local community, with an eye to discovering and supporting web3 super app opportunities. Both organizations are committed to fostering a collaborative environment and look forward to sharing updates on the partnership’s milestones as they are achieved.“We are thrilled to be working alongside the ZAN team and the broader Ant Digital Technologies, to bring an e-KYC solution to the broader digital asset ecosystem to market,” said Adeniyi Abiodun, Chief Product Officer and Co-Founder of Mysten Labs. “This collaboration marks a significant milestone for Sui and the broader web3 ecosystem in Hong Kong and the broader APAC region. By combining our strengths, we can accelerate the development of innovative applications that will benefit millions of users.”About SuiSui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.Learn more: https://sui.ioAbout Mysten LabsMysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3.Learn more: https://mystenlabs.comAbout ZANAs a technology brand of Ant Digital Technologies for Web3 products and services, and powered by AntChain Open Labs’ TrustBase open-source technical stack, ZAN provides rich and reliable services for business innovations and a development platform for Web3 endeavors. The ZAN product family includes ZAN eKYC, ZAN KYT, ZAN Smart Contract Review, ZAN Node Service, with more products being on the way.Learn more:https://zan.top/About Ant Digital TechnologiesAnt Digital Technologies is Ant Group’s digital technology subsidiary. Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, privacy computing, and security technology. Ant Digital Technologies is committed to working with partners across different industries to support small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally, and facilitate digital collaboration across industries. Revenue from Ant Digital Technologies’ international business operation increased by 300% in 2023.ContactLexi WanglerMysten Labslexi.wangler@mystenlabs.comThis article was originally published on Chainwire More

Saylor did not go into much detail in his post on Bitcoin’s future price movement. However, crypto enthusiasts have interpreted his statement in different ways. While some described Bitcoin as the key to generational wealth, others say it is the key no one should dream of missing. Bitcoin has demonstrated impressive performance in the past week, increasing by 9.75% to $58,118. On the daily time frame, BTC declined by 3.8%. Notwithstanding, the trading volume spiked 86% to $31 billion. As investors remain bullish, Bitcoin’s recovery to $60,000 could happen sooner than expected. The coin has climbed above $60,000 in the past; therefore, achieving this level should not be too difficult. Moreover, new funds have reportedly flowed into the spot Bitcoin market, with BlackRock’s IBTC amassing $525.5 million in a single day. Increased momentum in the spot Bitcoin ecosystem could fuel further increases in Bitcoin’s price.Meanwhile, MicroStrategy’s bold move to acquire Bitcoin four years ago, championed by Michael Saylor, seems to be paying off. The company, whose shares collapsed in early 2000, has outperformed 499 out of 500 stocks in the S&P 500.This article was originally published on U.Today More

This article was originally published on U.Today More

Brandt revealed his disciplined approach to trading, saying, “I do not trade opinions. I trade set-ups via classical charting principles. I avoid trades when price is range bound. My entry is on completed patterns.””BTC displays what is known as an inverted or expanding triangle,” Brandt added.A triangle is a chart pattern depicted by trendlines along a converging price range, indicating a pause in the prevailing trend. Technical analysts categorize triangles as continuation patterns of an existing trend or a reversal.Bitcoin (BTC), the largest cryptocurrency by market capitalization, experienced a sell-off during Sunday’s trading session. The selling continued, with Bitcoin touching an intraday low of $57,663 on Monday.At the time of writing, BTC had dropped 2.09% in the previous 24 hours to $59,450, down from a high of $62,755 on Thursday.Despite the triangle pattern being a continuation pattern, traders are often urged to look for breakouts before they make a move to enter or exit a position.This is because, in technical analysis, a breakout from a pattern often signifies the start of a new trend, but until that breakout occurs, the direction of the move remains speculative.The expanding triangle pattern suggests that Bitcoin might be gearing up for a potentially significant move, but without a confirmed breakout, the direction of that move remains unknown.The caution from Peter Brandt highlights the importance of patience and not making hasty decisions but rather waiting for confirmation before entering a trade.This article was originally published on U.Today More

While it might sound like a pure technical process, Polkadot 2.0 isn’t tied to one specific event. Instead, it represents a series of changes that will expand the blockchain’s capabilities. Founder Gavin Wood describes Polkadot 2.0 as an adaptable and widespread computing resource when it rolls out. He touts the upgrade as bringing in new features designed to boost scalability, lower entry barriers, and better meet market needs.Polkadot’s journey started with the release of its whitepaper in November 2016 and hit a major milestone in 2023 with the launch of its final codebase. The roll out set the stage for rapid expansion, including the addition of 50 interconnected chains and more than 200 projects using its SDK. Each of Polkadot’s projects is built on its own distinct blockchain, known as a parachain.That said, Polkadot 2.0 is packed with key technical upgrades like Async Backing, Agile Coretime, and Elastic (NYSE:ESTC) Scaling. These changes are expected to make the network more scalable and improve performance, leading to faster transactions and better resource management.Beyond the technical side, the upgrade also focuses on user experience with a refreshed website, updated messaging, and a new visual identity. The impact of Polkadot 2.0 is already being felt across the crypto industry, with projects like Mythical Games and Frequency choosing Polkadot as their platform. More specifically, the ecosystem is now turning its attention to applications, with Agile Coretime introducing a more adaptable way to allocate blockspace. This gives developers the flexibility to buy blockspace based on their exact needs, allowing the system to manage computational resources more efficiently by responding to real-time demand.At its core, Polkadot is a Layer 0 solution specifically designed to address blockchain interoperability, providing developers with a platform to create both applications and chains. Its architecture includes a main Relay Chain, responsible for the network’s security, consensus, and interoperability, alongside multiple parachains. These parachains are application-specific Layer 1 blockchains, each capable of having its own tokens.To explain the upcoming shift, Wood compares the move to Polkadot 2.0 to a pancake business. Imagine a company that makes its own sugar, water, milk, and eggs, but focuses solely on selling pancakes. In this analogy, the pancakes represent ‘parachains,’ and the pancake company represents Polkadot 1.0. More

Aleph Zero launches its ultra-fast Ethereum-compatible layer-2, expanding its privacy tools and new apps compatible with the world’s biggest web3 ecosystem.Aleph Zero — a blockchain ecosystem engineered for speed, data confidentiality, and ease of development — today announced the mainnet launch of its new EVM-compatible Layer-2 solution. This significant milestone marks Aleph Zero’s expansion into the Ethereum ecosystem, which will expedite the development and broaden the reach of its zkOS privacy-enhancing solutions.The Aleph Zero EVM Layer-2 is built in partnership with Gelato, a leading Rollup-as-a-Service provider, and leverages Arbitrum Orbit technology. This combination results in an exceptionally fast and efficient blockchain, boasting a block time of up to 250 milliseconds with near-instant transaction finality. The network is capable of processing thousands of transactions per second, positioning it as one of the fastest EVM-compatible chains available.AZERO, the ecosystem token, will be used on the Layer-2 to power all gas transactions similarly to how it’s being used now on the Layer-1.zkOS Features Coming to Aleph Zero’s EVM-Layer in Q4zkOS is Aleph Zero’s new comprehensive privacy framework designed to make integrating confidentiality features into blockchain applications more accessible and user-friendly. This aligns with Aleph Zero’s vision of making privacy-enhancing technologies easier to use, with the optimization benchmarks showing the system’s ability of proving ZK proofs in less than a second on consumer devices.zkOS consolidates Aleph Zero’s privacy products into a single, developer-friendly toolkit that doesn’t require deep cryptographic knowledge to implement. zkOS aims to solve existing challenges in on-chain privacy, such as poor user experience, long proving times, and limited multisig capabilities. By optimizing zero-knowledge proof generation to under a second on consumer devices, zkOS strives to make privacy features more practical and economically beneficial for both new and existing applications across multiple blockchain ecosystems.This whitelabel service allows organizations to quickly introduce innovative apps that boost retention and loyalty within their user base, with an easy-to-deploy product that can be customized towards the needs of any organization.Among the key features, users will find the newsfeed, an embedded crypto wallet, on-chain loyalty points system, thematic games for fan engagement, branded card payments, loyalty points cashback, among others. An important part of the app is its privacy-respecting nature that makes it compliant with the GDPR laws.vib3s is powered by the Aleph Zero blockchain and the Upcade gaming hub, as well as solutions from Holyheld, Thirdweb, idOS, and others.The project will launch its first implementation this month, targeting a large-scale entertainment use case in Europe.For more information about Aleph Zero, users can visit https://alephzero.org. About Aleph ZeroAleph Zero is an ecosystem of blockchain solutions that are engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via highly optimized Zero Knowledge Proofs, and offers a comprehensive toolset for development across web3 that range from WASM to EVM environments. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero programs.For any enquiries about this release, users can contact josh@serotonin.co or ana@serotonin.coContactPR ManagerJosh AdamsAleph Zerojosh@serotonin.coThis article was originally published on Chainwire More

PlayFi, an AI-powered data network and blockchain tailored for the live content industry, today announces the upcoming small, exclusive batch sale of Genesis Nodes. While PlayFi’s main Node Sale will take place later in 2024, the recent traction of the testnet – which saw over 70,000 transactions take place in a single week – has accelerated the need for node activation. PlayFi is the first AI and data platform to enable web3 features to be built on top of live content. The protocol bridges the gap between content and actionable data, with infrastructure that allows studios and creators to seamlessly integrate blockchain primitives on top of games, streams, sports and entertainment content. PlayFi’s proprietary AI models extract data from content in realtime, validating it for authenticity and storing it on a high-availability data-edge network.This Genesis Node Sale pushes forward PlayFi’s mission to power the future of smart content. The nodes power PlayFi’s protocol and with their testnet already sustaining heavy traffic, it’s time to bring their decentralized data layer online. Genesis Node Features:In addition, PlayFi has strategic alliances with other web3 giants such as Aethir, MultiversX and Polygon to strengthen its offerings to its community and for its cutting-edge technology at the intersection of AI and web3. About PlayFiPlayFi is transforming the live content landscape by seamlessly integrating advanced blockchain technology and AI. Utilizing our secure, scalable zkEVM blockchain, PlayChain, and AI-driven decentralized network, PlayBase, we offer fast transactions, innovative content development, and enhanced live content experiences. PlayFi empowers content creators, developers, node runners, and studios to unlock new rewards streams and build category-defining experiences without compromising core engagement. Adopters include leading content creators and developers aiming to create a richer, web3-enhanced live content environment. Backed by top-tier investors and partners, PlayFi is building a more connected, secure, and vibrant content economy. Users can learn more: playfi.ai.ContactSenior PR ManagerLeslie TermuhlenSerotoninleslie@serotonin.coThis article was originally published on Chainwire More

WhiteBIT, one of Europe’s largest crypto exchanges, has announced the launch of a new product—the WhitePool mining pool. This innovative platform marks a significant step in the development of WhiteBIT ecosystem and opens up extensive opportunities for professional miners.The global cryptocurrency mining market is set for growth, with its market size expected to reach approximately $2.45 billion in 2024 and a projected compound annual growth rate (CAGR) of 12.90% through 2032. As the cryptocurrency sector continues to evolve, Bitcoin miners are seeing daily returns currently at $30.72 million—a 6.27% increase compared to the previous year. This growth underscores the potential and expanding opportunities within the cryptocurrency mining industry.To cater to professional miners seeking an efficient and streamlined cryptocurrency mining solution, WhiteBIT crypto exchange has introduced its own mining pool, WhitePool. Featuring a user-friendly interface and support for the SHA256 algorithm, it ensures optimal resource allocation and potential returns for miners. Participation requires users to register on WhiteBIT exchange and connect their mining equipment.Functional and Clear Interface (NASDAQ:TILE)An essential feature of WhitePool is its user-friendly interface and comprehensive functionality for monitoring equipment and tracking rewards. Users can easily monitor equipment status and set notifications for changes in worker states.Accrual of Rewards Without Additional Fee Typically, users must reach a minimum BTC amount, manually initiate fund transfers, wait for processing, and manage wallets to receive rewards. With WhitePool, rewards are automatically credited in Bitcoin (BTC) to the user’s main exchange balance without any additional steps. This eliminates the need for manual fund transfers, waiting for transaction processing, and paying network fees.FPPS Reward ModelWhitePool operates on the FPPS (Full Pay Per Share) reward model. FPPS ensures miners receive rewards for each share contributed, regardless of whether the pool finds a block. This approach guarantees a predictable rewards stream, as payouts are made based on each share contributed, irrespective of the pool’s success in finding blocks.VIP Program for High-Power MinersThe VIP program offers several benefits, including reduced commissions, stable rewards for miners using powerful equipment, and additional features to be announced soon.All users who connect their equipment to WhitePool from August 1 to August 31 will receive VIP status for two months (from August 1 to September 30) and enjoy a 50% discount on the commission, paying only 1%. The standard fee is 2%.Professional Multilingual Support Team Available 24/7The expert support team is available 24/7 to assist miners in English, Spanish, Turkish, and other languages for seamless communication.WhitePool is an integral part of the WhiteBIT crypto exchange infrastructure, recognized as one of the top 3 most secure exchanges through audit by Hacken.io.About WhiteBITWhiteBIT is one of the largest European centralized crypto exchanges founded in 2018. The exchange offers 520+ trading pairs, 270+ digital assets, and 10 state currencies. The company is an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor, FACEIT. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide.ContactWhiteBIT PR Servicepr@whitebit.comThis article was originally published on Chainwire More