Cryptocurrency

Gold is traditionally seen as a safe-haven asset in volatile economic times and tends to rise when inflation rises. However, the latest CPI data has changed market sentiment, and many market participants now believe that the Federal Reserve may cut interest rates. This has made gold less attractive, leading to a sharp sell-off.On the other hand, Bitcoin (BTC) and other riskier assets rose sharply in response to the same data. Cryptocurrency is generally seen as a more speculative investment and tends to do well during periods of economic optimism. Peter Schiff, prominent supporter of gold, said he was unhappy with the way the market reacted. He believes that investors have misread the inflation data, which as he says led to an unwarranted sell-off in the precious metal. However, Schiff has always said that gold is a more stable store of value than Bitcoin, which he believes is just a “bubble.”In addition, the crypto skeptic found reason to rejoice, stating that the rise of BTC against the backdrop of metal’s decline in current conditions proves once again that cryptocurrency is the anti-gold, not gold 2.0, as many claim.Gold or anti-gold, the cryptocurrency rally shows how the market feels right now, as investors turn their attention to assets that could benefit from potential interest rate cuts and an improving economic outlook.This article was originally published on U.Today More

This feature is part of a broader effort to streamline inter-parachain communication ahead of the upcoming network upgrades.Polkadot’s HRMP (Horizontal Relay-routed Message Passing) channels, which currently serve as the primary message transport protocol by passing all messages through the Relay Chain, are soon to be phased out in favor of the more efficient XCMP (Cross-Chain Message Passing) system. However, until XCMP is fully up and running, parachains will keep using HRMP channels, which involve a two-step process to open.Technically speaking, to set up an HRMP channel between two parachains, the process begins with one chain kicking off the request. The second chain then needs to accept this request. Both of these steps must be carried out on the Relay Chain, originating from the respective parachain.Opening channels between parachains and system chains, such as Asset Hub, has also been simplified. A bi-directional channel can now be established using the respective call, which is executed on the Relay Chain via an XCM program. Agile Coretime works by breaking down the process into key components. A “core” is a virtual unit on the Polkadot Chain for handling transactions and running smart contracts for parachains. The system is managed by the “Coretime Chain,” a specialized parachain that oversees the purchase, renewal, and distribution of these resources. Meanwhile, the Polkadot Chain serves as the network’s central hub that takes care of security, consensus, and cross-chain communication.That said, Agile Coretime provides two ways for projects to get these computational resources. The first option is on-demand buy, where projects can acquire blockspace whenever they need it. This is especially handy for new or smaller projects with fluctuating needs. The second option is bulk purchasing, which is more suited for projects with steady and predictable needs. This method lets projects secure blockspace for up to 28 days in advance, with the transactions represented as non-fungible tokens (NFTs).  More

The company added new companies in the forms of Ulta Beauty (NASDAQ:ULTA) and HEICO (NYSE:HEI) Corp to the list. The total portfolio value of Warren Buffett’s company stands at a staggering $279,969,065,000. When the news broke, it naturally sparked discussion and debate. However, an interesting point of view was presented by Nate Geraci, who is the president of the ETF Store. Geraci said that he would like to see the crypto community’s reaction if Warren Buffet bought Bitcoin or Ethereum ETFs. “Complete meltdown,” Geraci assumed.On the other hand, while Buffett’s skepticism toward BTC has been all over the news, it is worth noting that Berkshire Hathaway has invested in Nu Holdings, a Brazilian fintech company that provides cryptocurrency services.This article was originally published on U.Today More

Floki has partnered with Nottingham Forest football club, which currently is playing the English Premier League (EPL).Announced on Thursday, Floki will be the official cryptocurrency partner of Nottingham Forest and have extensive marketing and promotional rights.During all home games, the Floki brand mark will be featured for three minutes on camera-facing LED boards from kick-off to the final whistle. This ensures that the Floki brand is seen by both stadium audiences and TV viewers.The Floki logo will also be prominently displayed. It will appear in four slots on official Premier League interview backdrops at each home match and in four spaces on press conference backdrops used throughout the season.Floki will have a strong presence on Nottingham Forest’s social media channels. The brand will be mentioned in posts related to full-time scores for both the men’s and women’s senior teams and in all substitution announcements.Additionally, Floki will have a full-page presence in the matchday programmes distributed at each home game, and its logo will be displayed on the front cover. This helps connect Floki to the matchday experience and the fans.Fans can look forward to exciting offerings, such as signed merchandise. At the end of the season, Floki will offer fans the chance to participate in a ‘play on the pitch’ experience at the stadium.English Premier League (EPL) is the most popular sports league in the world. It has more viewers than both the UEFA Champions League and the Bundesliga combined. In the 2022/23 season, the EPL had a total audience of 3.23 billion people. These games were broadcast to 712 million households in 190 countries.According to Nielsen, 2.01 billion viewers watched live match broadcasts over the season. Additionally, 1.22 billion viewers tuned into highlight shows and other related programming. English Premier League clubs also have a massive following on social media with over half a billion followers spread across Facebook (NASDAQ:META), Instagram, TikTok, X, and YouTube.Nottingham Forest’s HistoryFounded in 1865, Nottingham Forest is a club with a rich history. It is one of only eight clubs, including Liverpool, Ajax, Bayern Munich, and Real Madrid, to have won back-to-back European championships. Nottingham Forest also has a strong online presence, with over 4.5 million followers on various social media platforms. This includes one million fans on Facebook, 670,000 followers on X, one million followers on Instagram, 1.2 million followers on TikTok, and 184,000 subscribers on YouTube.About FlokiFloki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing. Floki currently has over 490,000 holders and a strong brand recognized globally thanks to strategic marketing partnerships.Website | YouTube | Telegram | Instagram | TikTok | Discord | Facebook | Reddit | TwitchContactCommunity Relations OfficerPedro VidalFlokiMarketing@floki.comThis article was originally published on Chainwire More

XDB CHAIN, a pioneering blockchain platform, is revolutionizing the Real World Assets (RWA) market. By creating token representations of branded interactions—such as product usage and community membership—XDB CHAIN transforms intangible assets into valuable digital ones. This innovative approach can position XDB CHAIN as a leader in the evolving RWA category.In an era where digital transformation is reshaping business, XDB CHAIN offers a groundbreaking solution: the tokenization of branded interactions and community engagement. Instead of digitizing brands, XDB CHAIN converts engagements—like product usage and community participation—into tradable digital assets. This process enhances the value of these interactions while opening new, secure, and efficient trading avenues in the digital marketplace. With Web3 and XDB CHAIN, opportunities that were once the domain of Web2 giants are now accessible to all.XDB CHAIN’s innovation lies in recognizing that intangible assets—driven by AI, consumer interactions, content creation, and personal branding—could represent a larger market than traditional tangible assets. By converting consumer engagement and brand loyalty into digital tokens, XDB CHAIN empowers brands to fully leverage the dynamic nature of digital interactions.Central to the XDB CHAIN ecosystem is its native coin, XDB, which facilitates the entire tokenization process. XDB enables users and brands to seamlessly engage with these tokenized interactions, providing a secure and efficient means of trading and valuing branded experiences.Through tokenizing branded interactions, XDB CHAIN has carved out a prominent position in the RWA category, expanding the very definition of Real World Assets. Upcoming products integrations like those with The Sandbox Group (SBX), CoinbarPay (CBPAY), and others will further diversify its ecosystem, while aiming for a position as a key player in the tokenization of intangible assets.For more information, users can visit: Twitter | Discord | TelegramContactSara SciuscoXDB CHAINsara@xdbfoundation.comThis article was originally published on Chainwire More

Subsequently, Marathon sold the notes in a private offering to qualified institutional buyers and used the proceeds to purchase 4,144 BTC, valued at approximately $249 million. Marathon said it intends to use the remaining net proceeds from the notes’ sales to acquire additional Bitcoin and for general corporate expenses.The acquisition showcases Marathon’s commitment to increasing its Bitcoin reserves. It will be interesting to see how this impacts the firm’s finances and market positioning in the long term. Meanwhile, MicroStrategy took a similar path in June to accumulate Bitcoin. The firm bought additional Bitcoin from proceeds from the sales of $700 million Convertible Senior Notes due in 2032. As reported by U.Today, MicroStrategy now holds 226,500 BTC in its reserves, establishing itself as a major model in its Bitcoin acquisition bid. Saylor, a strong Bitcoin proponent, began purchasing the cryptocurrency in 2020 as an inflation hedge and cash alternative.Through the collaboration, NiceHash Firmware will support Bitcoin miners seeking to increase their earnings following the halving event. This could lead to more miners entering the market, which would boost the credibility of the Bitcoin network.This article was originally published on U.Today More

Fears of more selling pressure largely offset positive signals on U.S. inflation and interest rates, and saw Bitcoin and crypto markets lag a rally in their broader risk-driven peers. Bitcoin dropped 3.7% to $58,812.2 by 09:07 ET (13:07 GMT). Fears of selling pressure stemming from token distributions by defunct crypto exchange Mt Gox came back into focus this week, after a wallet associated with the exchange and holding $2 billion of Bitcoin was seen carrying out test transactions this week. The move could herald a new round of token distributions by the exchange, after it began returning Bitcoin stolen during a 2014 hack back to clients in July.While it is unclear just how much Bitcoin Mt Gox’s distributions will entail, traders were skittish over the distributions presenting more selling pressure on the world’s biggest cryptocurrency.Mt Gox was seen mobilizing about $9 billion of Bitcoin earlier this year. Digital assets research firm IntoTheBlock said on Wednesday that about $1 billion of the stablecoin USDT was withdrawn from crypto exchanges this week.Outsized USDT outflows have heralded price weakness in Bitcoin in recent months, with the move potentially indicating that traders were taking money off exchanges in preparation for a risk-off event. Broader cryptocurrency prices fell on Thursday, lagging a rally in other risk-driven assets as fears of the Mt Gox distributions and the exchange withdrawals weighed. Softer-than-expected consumer price index inflation data did little to lift crypto prices, even as broader risk-driven markets, especially stocks, rallied on the prospect of lower interest rates.But given that CPI still marked a month-on-month increase, traders were seen positioning for a smaller interest rate cut by the Federal Reserve in September. This notion limited the breadth of the risk-on move.World no.2 token Ether fell 3.6% to $2,639.04, while SOL, XRP and ADA dropped between 1.6% and 4.5%. Among meme tokens, DOGE lost 2.5%.Binance, the largest crypto exchange in the world by trading volume, has officially registered as a “reporting entity” with India’s Financial Intelligence Unit (FIU), signaling that the world’s largest cryptocurrency exchange can now operate in India after being blocked since January.In a blog post published today, Binance announced that its website and app are once again fully accessible to users in India.”The registration with the FIU underscores Binance’s commitment to compliance with anti-money laundering standards in India as well as any other jurisdiction it operates in,” the announcement states. Binance’s return to India follows a January ban imposed by Indian regulators on nine crypto websites, including Binance, due to concerns over illegal operations without proper regulatory compliance.In June, the FIU imposed a penalty of 188.2 million Indian Rupees ($2.25 million) on Binance for violating the Prevention of Money Laundering Act. The FIU also issued directives to Binance to ensure strict adherence to India’s anti-money laundering regulations. More

Collaboration with major developers bring exciting launch titles from Mighty Bear, Parallel, Infinigods, and moreToday, B3.fun, a groundbreaking horizontally-scaled gaming ecosystem built on Coinbase’s L2 network, Base, debuts its Mainnet and officially launches its game discovery platform, BSMNT.fun. At launch, over 20 gaming studios have committed to deploying games on B3, including top onchain game developers Mighty Bear Games, Parallel and the Echelon Prime Ecosystem, Nifty Island, Infinigods, GameCoin, Anomaly, Wanderers, MetaStreet, DEAR by ARPA, Iskra, and more. Developed by a distinguished team from Base, Coinbase (NASDAQ:COIN), and the Ethereum community, B3’s Testnet phase shattered expectations with over 367K wallets created and 47 million transactions processed in just one month. This remarkable achievement underscores B3’s innovative design and robust infrastructure, setting a new standard for the gaming industry.Developers can learn more about building games onchain at https://docs.b3.fun/About B3.funB3.fun, governed by the Player1 Foundation, is a groundbreaking horizontally-scaled gaming ecosystem built on Base, Coinbase’s L2 network. Designed for seamless and scalable gaming experiences, B3 supports a variety of EVM chains and offers unrivaled infrastructure for game developers. Start playing games on B3’s discovery platform https://bsmnt.fun. Follow B3’s latest developments on X (Twitter), Tumblr, and Warpcast.Developers can head to https://docs.b3.fun/ and learn more about building games onchain.About NPC LabsFounded by Base’s former core team, NPC Labs is poised to supercharge gaming on Coinbase’s L2 network. NPC Labs is a core contributor to B3.fun, a groundbreaking horizontally-scaled gaming ecosystem built on Base. Passionate about the Base ecosystem, NPC Labs is helping scale the network for the next generation of onchain gamers. We envision the future of onchain gaming as a seamless, open ecosystem that shifts the paradigm of ownership & incentives for the gaming ecosystem. Learn more about NPC Labs at https://npclabs.org/. About ChainSafeChainSafe is a Toronto-based blockchain research and development firm specializing in protocol engineering, cross-chain interoperability, and web3 gaming. ChainSafe is a core contributor to B3, providing chain abstraction infrastructure and web3 tooling support. Users can learn more about ChainSafe at https://chainsafe.io/ContactGaby Huigaby@labcreo.comThis article was originally published on Chainwire More