Cryptocurrency

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 [email protected] or [email protected] ManagerJosh AdamsAleph [email protected] 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 [email protected] 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 [email protected] article was originally published on Chainwire More

JPMorgan’s analysts highlighted the ongoing trend of outflows for both Ether and Bitcoin ETFs, with Ether ETFs closing the week with $105 million in net sales, while Bitcoin ETFs saw net redemptions totaling $169M.Spot Ether exchange-traded funds in the U.S. bourses continued negative flows on Friday, recording $16M in net outflows on their 16th trading day, JPMorgan said in a research report.According to the bank calculations, Grayscale’s Ethereum Trust (ETH) (NYSE:ETHE) fund led the outflows with a reduction of $42M, though this was below its average since launch. In contrast, BlackRock’s iShares Ethereum Trust ETF (NASDAQ:ETHA) continued to perform relatively well, attracting $20M in sales, pushing its total net flows to over $900M since its launch. However, the world’s largest asset manager said the management fee for its ether fund will not increase from 12 basis points to 25 basis points until the fund reaches $2.5 billion in assets.On the same day, U.S. spot Bitcoin ETFs also suffered net redemptions of $90M, following a strong performance the previous day. Grayscale’s Grayscale Bitcoin Trust (BTC) (NYSE:GBTC) led outflows among 12 bitcoin funds with $77M. GBTC continues its notorious streak as the worst-performing ETF by outflows since its launch in January, with a total of roughly $20B pulled out so far.However, BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) managed to bring in $10M in sales. The largest spot bitcoin ETF in terms of net asset value contributed to the $266M in net sales since its spin-out from GBTC two weeks ago. More