Cryptocurrency

Nosana, an open-source cloud computing marketplace dedicated to AI inference, today announced a new partnership with AlphaNeural, a company building a groundbreaking decentralized marketplace for AI models and datasets.This partnership aims to create a more inclusive and collaborative AI ecosystem by combining AlphaNeural’s innovative platform with Nosana’s high-performance GPU infrastructure.Building a Sustainable AI EcosystemTraditionally, access to powerful computing resources has been a major barrier for aspiring AI developers. AlphaNeural’s platform will eliminate this hurdle by leveraging Nosana’s extensive network of GPUs. This will empower AlphaNeural’s users to train and run powerful AI models, fostering a more inclusive and collaborative AI ecosystem.Nosana x AlphaNeural IntegrationNosana will serve as AlphaNeural’s trusted compute provider, offering a suite of services to streamline their operations:Both Nosana and AlphaNeural are committed to democratizing access to AI tools and resources. This partnership represents a significant step towards achieving this goal.Nosana is excited to collaborate with AlphaNeural and witness the transformative potential of their decentralized AI marketplace.AlphaNeural AI is a decentralized AI marketplace built on Solana. Our platform allows seamless collaboration between developers, data scientists and companies. Built to exchange data and AI models in a secure, privacy assured way, AlphaNeural AI expands access and innovation in AI.Whether you’re an individual, a startup looking to innovate or an established company exploring AI integration, our tools and community are engineered to help your projects forward while incentivizing everyone with our token economy.About NosanaNosana is an open-source cloud computing marketplace dedicated to AI inference. Their mission is simple: make GPU computing more accessible to all at a fraction of the cost. The platform has two main goals: providing AI users with flexible GPU access and enabling GPU owners to monetize their hardware by renting it out. By offering affordable GPU power, Nosana enables AI users to train and deploy models faster, without expensive hardware investments, all powered by the $NOS token. Access compute for a fraction of the cost or become a compute supplier at Nosana.io.Users Can Learn More about Nosana By visiting:Website | Documentation | Twitter | Discord | Telegram | LinkedInContactHead of MarketingCarolineNosanacaroline@nosana.ioThis article was originally published on Chainwire More

Bluefin, a new financial ecosystem, is on a mission to create the on-chain equivalent of the most well-known centralized exchanges, i.e. Binance, leveraging decentralized technology to offer a revolutionary approach to interacting with financial markets. Currently, Bluefin provides a cutting-edge, user-friendly platform for derivatives trading, making professional financial tools accessible to everyone, regardless of their crypto expertise.What is Bluefin?Bluefin provides a decentralized derivatives exchange (DEX) designed to offer secure, efficient, and transparent trading without intermediaries. The platform leverages blockchain technology to ensure near-instant settlement and reliable order execution, making it an ideal platform for both beginners and seasoned traders.Bluefin’s goal when it started building was the same as it is today: to become the most complete hub for finance on-chain. It began by tackling one of the most challenging problems: building a perpetuals exchange onchain. It has been an exciting niche to develop.This was always just the beginning.The future Bluefin is building is much grander. It’s accelerating the adoption of decentralized finance by bringing a sustainable, powerful, and user-friendly exchange to the market.Bluefin’s Mission: Democratizing FinanceBluefin aims to build the most powerful and accessible network of financial applications in decentralized finance. By creating a comprehensive ecosystem of user-friendly tools and services, Bluefin strives to revolutionize the way individuals interact with DeFi, making it simple and accessible for anyone to participate in this transformative financial landscape. By providing a user-friendly interface and intuitive tools, Bluefin removes the complexity and intimidation often associated with DeFi, making it accessible to individuals from all walks of life. The platform’s mission is to break down the barriers that have traditionally prevented everyday people from exploring and benefiting from the exciting opportunities offered by decentralized financial markets.The Team Behind BluefinBluefin’s journey has been marked by resilience and innovation, weathering multiple market cycles since its inception three years ago. Despite the challenges faced by the industry, the team has consistently pushed forward, demonstrating that Bluefin is here to stay. Backed by leading investors like Polychain, SIG, and Brevan Howard, and led by Co-Founders Rabeel Jawaid, Zabi Mohebzada, Yameen Malik, and Ahmad Jawaid, Bluefin boasts a robust foundation that has enabled the company to navigate the ever-changing landscape of DeFi with a global team reflecting the far-reaching nature of its vision.To achieve its ambitious goals, Bluefin thinks big—both internally and externally. The company only hires A+ players. The leadership team and its newest members exemplify this high standard:Prior to Bluefin, Rabeel worked in research, where he spent three years building Solid Oxide Fuel Cells for MW-scale systems. He graduated from the University of Pennsylvania with a dual Bachelor’s degree in Physics and Electrical Engineering and a Master’s Degree in Systems Engineering.Meet Patel, who heads Business Operations at Bluefin, started his career at Facebook (NASDAQ:META) as a Product Specialist. He received his Bachelor’s degree in Economics from Harvard University, where he also completed his MBA prior to joining Bluefin.Earlier this year, Bluefin welcomed Aman Kapoor to lead strategy. He was previously a Senior Associate at Pacific Lake, a venture capital and private equity firm. At Pacific Lake, he worked with portfolio company CEOs to help them scale their businesses. Aman graduated from the University of Pennsylvania with a degree in Computer Science and was a Penn Named Scholar.Most recently, Bluefin welcomed its newest members of the engineering team: Joseph, who was previously a director of trading systems at the NYSE, and Andrew, who was previously an Engineering Manager at Squarespace.All investors, partners, contributors, and community members in the Bluefin ecosystem share the same standard of integrity and excellence. Bluefin’s Core Offering: Decentralized Derivatives TradingBluefin’s primary product is its decentralized derivatives trading platform, which leverages the power of Web3 and blockchain technology. Bluefin has processed $28 billion in volume with its beta version, and the next version, expected in October, aims to be the most powerful derivatives exchange in decentralized finance in terms of performance and security.Bluefin’s trusted relationships with global financial institutions enable it to offer deep liquidity, translating to a fundamentally better user experience. The platform features key market makers from the industry’s leading names to ensure the trading experience on Bluefin rivals any other exchange on the market. Investors in Bluefin include leading trading firms such as SIG, Brevan Howard, and Tower Research.Additional OfferingsBluefin is committed to leveraging the most advanced and user-friendly technology in the blockchain space. Our partnership with Mysten Labs, a team that originated at Facebook and helped build the Sui blockchain, is driven by a shared vision of prioritizing performance and user experience.By building on Sui’s fast, scalable, and user-friendly blockchain, Bluefin offers a seamless trading experience with lower fees, faster transactions, and enhanced security. Wallet abstraction allows users to connect their Google (NASDAQ:GOOGL) accounts and start trading instantly, eliminating the need for private key management and simplifying the onboarding process without sacrificing security. This feature also unlocks mobile trading, as users no longer need to manage wallets on mobile devices.Bluefin boasts a range of cutting-edge features, including:The Role of Sui in Shaping the Future of FinanceSui’s architecture is built to empower decentralized applications (dApps) by processing transactions swiftly and securely. As Sui continues to evolve and drive innovation in the DeFi space, it is poised to play a key role in shaping the future of finance. Its combination of speed, scalability, and user-friendliness makes it an ideal platform for a wide range of financial applications, including decentralized exchanges like Bluefin.By leveraging Sui’s cutting-edge technology, Bluefin delivers a seamless trading experience that exemplifies the future of decentralized finance. Bluefin’s integration of Sui’s innovative features and its active contribution to the development and expansion of the Sui ecosystem demonstrates a strong commitment to advancing DeFi. Through this collaboration, Bluefin positions itself as a key player in fostering growth, driving adoption, and reshaping the way investors and traders engage with the ever-changing world of blockchain and decentralized finance.Bluefin’s Vision for the FutureBluefin envisions a future where Web2 and Web3 seamlessly integrate, creating a more robust and user-friendly financial ecosystem. The platform focuses on enhancing user experience, ensuring that even non-crypto natives can easily navigate and benefit from decentralized finance.Bluefin is set to launch an exciting new tokenomics model along with an airdrop, aimed at rewarding users and fostering a vibrant community. This initiative will further enhance the platform’s functionality, user engagement, and community growth.Exploring Bluefin’s: Transforming the Landscape of Decentralized FinanceBluefin is at the forefront of the decentralized finance revolution, and now is the perfect time to get involved. To learn more or become part of this transformative journey, users can visit https://bluefin.io/ or follow on X: @bluefinapp Bluefin is not just a trading platform; it’s a gateway to the future of finance. By democratizing access to professional financial tools and leveraging the power of Web3, Bluefin is paving the way for a more inclusive and efficient financial ecosystem.ContactSenior Account DirectorDillon AraceM Group Strategic Communicationsbluefin@mgroupsc.comThis article was originally published on Chainwire More

In the short term, however, Bitcoin underwent fluctuations last week amid macroeconomic updates in the US, with prices swinging from $66,000 on Wednesday morning to nearly $70,000 later that day. By the end of the week, the flagship coin settled back to just above $66,600, as per the Kaiko BTC Benchmark Reference Rate. Overall, Bitcoin dipped by just over 4% last week, with selling outpacing buying on nearly all exchanges.“The net cumulative volume delta (CVD) for top BTC trading pairs reached $518mn between June 10- 14, with Binance and Bybit witnessing the most selling activity,” Kaiko analyst wrote.Despite the rollercoaster ride driven by macro news, Bitcoin has already shown signs of maturation in 2024. Specifically, the research notes that Bitcoin’s 60-day historical volatility has remained below 50% since the beginning of 2023. This contrasts sharply with the massive fluctuations of 2022, when volatility exceeded 100%. Bitcoin’s volatility hit an all-time low of 40%, far lower than the peaks of over 106% seen in 2021 when it reached record highs. Even the launch of spot Bitcoin ETFs in the US was relatively muted on the volatility front. While it’s too early to declare this the new norm, changes to Bitcoin’s market structure over the past year may help explain the relatively ‘boring’ price action.“The US market close now commands a higher share of trading volumes, as BTC liquidity becomes more concentrated around the East coast trading window,” the report noted. Therefore, Bitcoin ETF demand trends should not be ignored when analyzing price movements. The reversal of inflows in US Bitcoin ETFs last week likely contributed to some of the selling pressure, as did macroeconomic news. As with all emerging asset classes, cryptocurrency is more likely to experience higher volatility due to new capital flows.Kaiko concluded that Blackrock has overtaken Grayscale’s Grayscale Bitcoin Trust (NYSE:GBTC) in terms of assets under management. The $10 trillion asset manager now holds the title of the world’s largest spot Bitcoin ETF, surpassing the crypto-native incumbent. More

The most recent price movement of Bitcoin indicates that it is testing important support levels at approximately $65,000. Significant support lines are being provided by the 50-day EMA and the 200-day EMA, and a hold above these levels may signal stabilization. There is a chance that investors can take advantage of the current dip to add more Bitcoin because this consolidation phase frequently precedes potential recoveries.More information can be obtained by examining funding rates on different exchanges. Positive funding rates exist for popular cryptocurrencies like Ethereum and Solana, which traders are prepared to pay a premium for in order to hold onto their long positions.When it is positive, this measure becomes a key gauge of market sentiment and frequently suggests an upcoming bullish reversal. Furthermore, a significant number of long positions — 407. 91 million over the course of the last day — are being liquidated, according to the liquidation heatmap.Although this may appear unfavorable, at first, it frequently hints at a market reset in which excess leverage is eliminated to make room for a more steady upward trend, given that there is potential for upward movement without the possibility of sudden overbought conditions. For now, the RSI for Bitcoin is circling the neutral zone. In spite of the recent market decline, this and the positive funding rates suggest that there may be room for optimism. However, it would have been better for the asset if the RSI were around the reversal zone.This article was originally published on U.Today More

The world’s largest cryptocurrency fell roughly 1% in the past 24 hours to $65,635 by 04:34 am ET (08:34 GMT). BTC has initially dropped as low as $64,000, before reversing some of the sharp losses.The cryptocurrency has been hovering around its 50-day moving average at $66,000, putting the medium-term uptrend to the test.Bitcoin has had a relatively quiet weekend, mainly hovering around the $66,000 mark. Monday’s trading started slowly but picked up momentum later in the day. However, following an unexpected surge in volatility, the premier crypto asset dropped by over $3,000, hitting its lowest level since May 15.This sharp volatility negatively impacted over-leveraged traders, with more than 190,000 positions liquidated in the past day, totaling over $480 million. Simultaneously, Bitcoin exchange-traded funds (ETFs) saw net outflows of $145 million, extending last week’s poor performance and further dampening bullish sentiment in the market.Last week, Bitcoin fell below $65,000 for the first time in a month as ETF outflows exceeded $500 million after the Federal Reserve indicated only one interest rate cut for 2024.According to market analysts, other factors also did nothing to help support Bitcoin’s price. For instance, French President Emmanuel Macron unexpectedly called a snap election in the country, a move that strengthened the dollar as traders dumped the euro.A strong dollar typically puts pressure on Bitcoin as it makes dollar-denominated assets more attractive to investors, reducing demand for alternative assets like Bitcoin.Beyond Bitcoin, most major altcoins also experienced slight declines on Monday morning.The world’s second-largest cryptocurrency, ETH/USD, dropped by 2.7% to $3,447.18, while Cardano fell nearly 6.4%. In contrast, XRP rose by 2.1%, but Solana saw a 4.8% decline.Meme tokens faced significant losses, with DOGE/USD and Investing.com Shiba Inu Index plunging 7.6% and 9%, respectively. More

AnchorX, a Hong-Kong-Based fintech company and stablecoin expert, is proud to announce the signing of two Memorandums of Understanding (MOUs) in Kazakhstan. This comes during its recent participation in the Mainland-Hong Kong Joint Business Mission from May 16-25, 2024 visiting Hungary, Kazakhstan, and Xinjiang to explore partnership opportunities along the Belt and Road (B&R) routes. AnchorX was invited to join the mission to leverage its expertise in stablecoin solutions, thereby advancing technological innovation and the digital economy alongside B&R partners. AnchorX plans to utilize its stablecoin offerings, including the HKD-backed AxHKD, to facilitate cross-border trade and business activities between Hong Kong and B&R partner countries. The first MOU is with the Astana International Financial Centre Authority (AIFC Authority), the regulatory body responsible for developing the AIFC as the leading financial hub for Central Asia, the Caucasus, EAEU, and Western China. The second is with Aral Petroleum Capital, one of the leading oil and gas companies in Eastern Kazakhstan. Conflux Network provides AxHKD with its underlying technology and is currently working with the Chinese government on the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road.” The goal of the platform is to create a cutting-edge blockchain foundation capable of facilitating deployment across multiple countries and enabling collaborative supervision across various domains. About AnchorXAnchorX is a Hong Kong-based fintech company, with a vision to be the most trusted provider of digital currency solutions in Asia. It has strategic backing from top-tier financial and blockchain companies, including Hony Capital and Conflux Network. AnchorX’s flagship stablecoin AxHKD maintains a 1:1 HKD peg and is designed to facilitate cross-border transactions and promote the integration of digital and traditional assets in Hong Kong.Users can learn more: https://www.anchorx.org/ or https://twitter.com/AnchorX_LtdAbout ConfluxConflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. It utilizes a hybrid PoW/PoS consensus mechanism to ensure a rapid, secure, and scalable blockchain environment. With Conflux, congestion is eliminated, fees remain low, and network security is enhanced.As the leading regulatory-compliant public blockchain in China, Conflux offers a distinct advantage for projects seeking to enter the Asian market. The platform collaborates with renowned global brands and government entities in the region, driving blockchain and metaverse initiatives. Notable partnerships include the city of Shanghai, China Telecom (NYSE:CHA), Little Red Book (China’s “Instagram”), McDonald’s (NYSE:MCD) China, and Oreo.Users can learn more: https://confluxnetwork.org/ContactMelissa Tireymelissa@shift6studios.comThis article was originally published on Chainwire More

BlocksScan is excited to announce the official launch of XDC Network Explorer Version 2, a comprehensive and incredibly user-friendly blockchain explorer crafted by BlocksScan. This tool is designed to empower users of all levels and make it a breeze to navigate the XDC Network.Mastering the XDC Blockchain with Enhanced FunctionalityXDC Explorer Version 2 builds upon the foundation of its predecessor, offering an enhanced suite of features to simplify blockchain exploration and analysis. This powerful tool serves as the gateway to the XDC Network and tokens built on XDC. Just like Etherscan is for Ethereum, BTCScan for Bitcoin, Solscan for Solona, BSCScan for BNB Smartchain, BlocksScan is an XDC Explorer and your gateway to the XDC Network.Explore the Enhanced Features XDC Network’s Block Explorer Version 2Gecko Terminal & CoinGecko Integration: Users can now access real-time token price feeds for tokens traded on platforms like XSwap, Globiance Dex, Fathom, and IcecreamSwap. This feature ensures informed decision-making when trading or analyzing tokens within the XDC Network.EtherScan Compatible API: The EtherScan compatible API simplifies the process for developers to integrate and interact with the XDC Network, providing a robust and reliable API for accessing blockchain data and executing various functions.Hardhat and Truffle Contract Verification Support: Developers can quickly verify and validate their contracts on the XDC Network using popular development frameworks like Hardhat and Truffle, ensuring secure and functional smart contracts.Upcoming Features:Comprehensive Search and Analytics: With robust search functionality, users can effortlessly track transactions, addresses, and tokens. The platform also features an advertisements section to keep users informed about relevant projects within the XDC ecosystem.AI Support Feature: The new AI Support feature, including CodeRun AI, Open AI, Devin AI, and Claude AI, assists users with their blockchain exploration, offering interactive modes and access to popular contracts and demo questions.Developer Tools:For more detailed information on explorer functionality, users can visit here.Empowering the XDC Network CommunityXDC Explorer Version 2 is a significant step in fostering a more accessible and user-friendly XDC Network ecosystem. This explorer, crafted based on community feedback and requirements, empowers users to explore, analyze, and interact confidently with the XDC blockchain, unlocking a world of possibilities for developers, investors, and blockchain enthusiasts alike. Members are an integral part of this ecosystem. XDC Explorer invites community members to explore the new version of XDC Network Blockchain Explorer and share their feedback on XDC Network’s tech forum XDC.Dev.About XDC NetworkXDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operationally successful since 2019. The network obtains consensus via a specially delegated proof-of-stake (XDPoS) technique that allows for 2-second transaction times, near-zero gas expenses ($0.0001), over 2000 TPS, and interoperability with ISO 20022 financial messaging standards. The XDC Network powers a wide range of novel blockchain use cases, including Global Trade Finance, payment,Decentralized physical infrastructure network (DePIN) and Real World Asset (RWA) tokenization, that are secure, scalable, and highly efficient.Users can find more information by visiting XDC Network’s website XinFin.org, XDC.org and follow them on social media: Twitter || Telegram || LinkedIn || Reddit || Facebook (NASDAQ:META) || Forum About BlocksScanBlocksScan is a EVM Compatible Block Explorer and Analytics Platform for XDC Network. BlocksScan is a blockchain explorer platform dedicated to providing users with robust tools and insights to explore and interact with blockchain networks securely. It offers a user-friendly interface and an array of features that make blockchain data accessible and actionable for developers, enthusiasts, and businesses. For more details visit BlocksScan.ioContactSebastian Johnsocial@blocksscan.ioThis article was originally published on Chainwire More

This article was originally published on U.Today More