Cryptocurrency

Notably, Kraken has acknowledged the received Bitcoin from Mt. Gox and has promised to commence repayment within 7 to 14 days. In an update, Kraken said creditors will only receive amounts determined by the trustees of Mt. Gox and will distribute according to their instructions.Meanwhile, our previous article published this morning shows Mt. Gox moving $2.4 billion worth of BTC to an undisclosed wallet address. Given the anticipated reimbursement process, this movement signaled fund distribution to victims of the hack.However, Arkham highlighted in its recent update that $2.74 billion worth of BTC was transferred today, is still being held by Mt. Gox. The defunct exchange filed for bankruptcy in 2014 after suffering a notorious hack that led to the loss of about 850,000 BTC. Therefore, Kraken’s receipt of funds provides relief to Mt. Gox creditors who have been patiently waiting for recovery for almost a decade.Notwithstanding that, BTC quickly changed hands, trading at $63,720 as of this writing.This article was originally published on U.Today More

This article was originally published on U.Today More

GPU cloud network io.net has announced a partnership with modular AI platform Theoriq io.net. The collaboration will enable AI builders to access decentralized infrastructure using Theoriq’s protocol.The strategic partnership will leverage io.net’s GPU network to enhance the performance and scalability of Theoriq blockchain applications. By integrating Theoriq’s modular protocol of autonomous agents with io.net’s scalable GPU clusters, blockchain-based AI functionality will be significantly enhanced.Theoriq will harness io.net’s ability to aggregate GPUs from multiple sources to create a vast pool of computational resources. As a result, Theoriq’s AI developer community will be able to seamlessly access these powerful GPU resources directly within their development environment. The collaboration between Theoriq and io.net will yield a number of benefits for blockchain developers. These include greater cost efficiency through accessing computational power significantly cheaper than traditional cloud services. Developers will also be able to swiftly scale computational resources to meet the needs of large-scale AI models.Theoriq CEO Ron Bodkin said: “We are excited to partner with io.net to provide high-quality GPU compute to power AI agents that run on our protocol. io.netʼs decentralized compute infrastructure will help us further grow the community of AI developers and bring our vision of fully decentralized and community-governed AI to life.”Because io.net’s computational resources are distributed globally, builders in Theoriq’s community can process machine learning tasks closer to data sources. This proximity significantly reduces latency, which is crucial for AI use cases requiring real-time processing. Developers can select from a variety of GPU options and configure clusters according to specific requirements of different AI tasks, from training deep learning models to running complex simulations.io.net’s compute infrastructure will power the AI Agent Collective developed by VictoryChain and Fan Controlled Sports Entertainment (FCSE) on Theoriq’s protocol. By providing insights into the community sentiment, the FCSE Agent Collective will enable users to make data-driven decisions and call their plays strategically.Combining a fully decentralized compute network with Theoriq’s decentralized AI Agent protocol will enhance the FCSE fan experience by leveraging communities and conversations through sophisticated sentiment and data analysis. Fans will benefit from the wisdom of the crowd and gain deeper insights into FCSE games, ensuring fans are more informed and engaged than ever. About io.netio.net is a decentralized physical infrastructure network (DePIN) that deploys and manages on-demand, decentralized GPU clusters from geo-distributed sources. Hundreds of thousands of GPUs are accessible today in IO Network, and this Internet of GPUs is specifically architected for low latency, high processing demand use cases like AI/ML ops and cloud gaming. io.net democratizes access to GPU compute capacity while reducing costs, expediting lead times, and expanding choice for engineers and businesses. Access compute capacity for a fraction of the cost or become a capacity supplier at https://www.io.net.Website | Documentation | Twitter | Discord | Telegram | LinkedInAbout TheoriqTheoriq is a platform for limitless AI innovation built on the principles of composability, extensibility, and community-driven governance. The principles of transparency and adaptability are central to its ethos. Theoriq does not presume which branch of the evolutionary tree leads to the most beneficial AI; rather, it strives to nurture the evolution itself.Learn more: https://www.theoriq.ai/ContactDan EdelsteinPR@marketacross.comThis article was originally published on Chainwire More

The surge has pushed the year-to-date amount invested in Bitcoin ETFs to $16 billion, well ahead of initial projections of $12-15 billion for the full year. And there are still six months to go, reports the expert.When asked about the prospects of Ethereum ETFs, though, Balchunas estimated that they could attract “about 20% of what we’ve seen with Bitcoin.” This suggests that the positive trend in the crypto ETF market is likely to continue.Adding to the excitement, the SEC recently granted preliminary approval for ETFs linked to Ethereum. This paves the way for a bunch of new altcoin ETFs that could begin trading as early as July 23.This record-breaking increase in Bitcoin ETF investment shows that more and more people are getting interested in cryptocurrency. ETFs are a well-known and regulated way to invest in the crypto market without having to deal with the hassle of buying and holding on their own.If ETH ETFs become a thing, it will probably make it easier for more investors to get involved in this fast-developing asset class.This article was originally published on U.Today More

BioMatrix is excited to announce a groundbreaking partnership with TapCoins, the first Web3 gamified social learning platform designed to enhance knowledge through digital play. This collaboration marks a significant milestone BioMatrix’s mission to provide innovative solutions and expand the utility of PoY AI Tokens within the BioMatrix ecosystem. Since partnering with TapCoins, BioMatrix has received a significant increase in users and interest in the project.The partnership with TapCoins offers a unique blend of education and entertainment that allows users to potentially earn PoY AI Tokens while learning about Web3 technologies. Users can deepen their understanding of Web3 through interactive and engaging tasks while being rewarded with $TapCoins, PoY AI Tokens and other exciting incentives. To get started, users can join TapCoins on Telegram @TapCoinsBot.Partnership Highlights:About BioMatrixFounded by Silicon Valley experts, BioMatrix is dedicated to reshaping financial inclusion via the PoY Ai-Token and Universal Basic Income, using biometric scans for secure, feeless digital asset transactions. The team aims to bridge financial gaps and revolutionize wealth distribution globally. Their technology stands at the intersection of Web2 and Web3, broadening the utility of digital assets. For more information about BioMatrix, users can visit their Telegram account @BioMatrixai.About TapCoinsTapCoins is the first Web3 gamified social learning platform that combines education with entertainment, allowing users to earn while they learn about Web3 technologies. Through interactive tasks and rewards, TapCoins creates an engaging and rewarding learning experience. For more information about TapCoins please visit their Telegram account @theTapCoins.Users can visit online:Web: www.BioMatrix.aiTelegram: https://t.me/BioMatrixAITwitter: https://twitter.com/biomatrixAIMedia Contact: media@biomatrix.aiContactAC Technologymedia@biomatrix.aiThis article was originally published on Chainwire More

Multipool, a leading innovator in the blockchain and cryptocurrency industry announces strategic partnership with Tokinvest with the goal of transforming tokenized real-world asset trading. This partnership aims to take real-world asset (RWA) trading to the next level with an end-to-end dual market solution for RWA token offerings, secondary market trading, and liquidity provision.The partnership between Multipool and Tokinvest represents a key advancement in the tokenized RWA ecosystem. Our collaboration will harness RWA tokenization and trading to enhance financial inclusion, transparency, and liquidity for investors.Working with the bestTogether, Multipool and Tokinvest will centralize liquidity pools using decentralized technology, reducing market-making costs. Additionally, the goal is to create global portability for RWAs, enabling listings on the Tokinvest centralized marketplace and regulated platforms worldwide through the decentralized Multipool protocol.Secondary trading for tokenized real-world assets requires a new approach. Acting as an infrastructure partner, Multipool’s groundbreaking protocol opens the path for accelerated growth of this trillion-dollar market. Multipool’s fully on-chain order book and matching engine permit shared liquidity across trading venues. For a full demonstration of how the Multipool protocol works, users can contact Multipool’s press department listed below. To learn more about Multipool and its features, users can visit:Website – www.multipool.financeTelegram – t.me/multipoolfiX – https://x.com/multipoolfiCMC-Community – https://coinmarketcap.com/community/profile/multipool/About MultipoolMultipool is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in your trading journey with Multipool – The DEX with CEX appeal.About TokinvestTokinvest is a pioneering marketplace that connects real-world asset issuers with investors globally. Our advanced platform simplifies the investment process by creating virtual tokens representing rights to assets and providing comprehensive lifecycle services from ideation to trading to asset servicing. Headquartered in Dubai, we leverage the region’s favourable regulatory environment to offer all investors access to the most desirable assets.https://tokinvest.capital/ ContactPublic Relations ManagerAngie HermosaMultipoolpress@multipool.financeThis article was originally published on Chainwire More

PlayFi, an AI-powered data network and blockchain tailored for the live streaming industry, is excited to announce its groundbreaking first live content predictive market competition for the Esports World Cup in Saudi Arabia. The competition is completely powered by PlayFI AI processors and backed by the data of its AI agents enabling users to mint NFTs, predict Esport World Cup CounterStrike tournament outcomes, and earn significant rewards.Live content. Real-time data. Instant on-chain rewards. The future of content starts now!The PlayFi team is led by a six-time startup founder alongside builders who have impressive experience at Activision Blizzard (NASDAQ:ATVI), BumbleBear Games (developer of the popular arcade game Killer Queen), Meta (NASDAQ:META), BattleFly Game, and more. Users can follow PlayFi on X or visit PlayFi.ai to join the PlayFi Airdrop Platform and for continued updates.About PlayFiPlayFi is redefining gaming by integrating blockchain technology to enhance gameplay and community engagement. Through its cutting-edge PlayChain technology and AI-powered PlayBase network, PlayFi ensures a fast, secure, and scalable zkEVM blockchain solution, as well as optimal data processing and analysis tailored for the gaming industry. With a commitment to enhancing the gaming experience with web3, PlayFi is empowering developers, players, and studios across the globe to push the boundaries of innovation in an ever-evolving digital landscape and setting new standards in how games are played, developed, and monetized. For more information, users can visit playfi.ai.ContactPR ManagerChelsea ToczauerSerotoninchelsea@serotonin.coThis article was originally published on Chainwire More

Mow has doubled down on his $1 million Bitcoin forecast that he gave earlier this year.Mow also offered a comment on the mammoth-sized Bitcoin transactions made by the Mt. Gox crypto exchange today. The platform started moving Bitcoin and Bitcoin Cash in order for payouts to the creditors to start. Mt Gox transacted almost $6 billion in BTC today, causing a substantial BTC price decline.Earlier this week, Samson Mow tweeted that he does not believe that Bitcoin will ever again decline below the $60,000 price mark. The flagship cryptocurrency has recently started to recover after the recent sell-off initiated by the German government, as it sold 50,000 BTC in multiple transactions to such crypto exchanges as Coinbase (NASDAQ:COIN), Kraken and Bitstamp.Samson Mow does not believe the Mt. Gox payouts will have any significant impact on the Bitcoin price. He expects only 20% of that Bitcoin to hit the market. As for the remaining 80%, the Jan3 boss believes it will either be moved to cold storage wallets or will be locked in finance apps as users are likely to make some borrowings against this Bitcoin.But Mow is certain that 100% of the Bitcoin Cash returned to the creditors by Mt. Gox will be sold by the recipients.Bitcoin plunged by roughly 3.7% earlier today, falling back to the $62,500 zone. This decline was followed by a small recovery. As of this writing, Bitcoin is changing hands at $63,815.This article was originally published on U.Today More