Cryptocurrency

This article was originally published on U.Today More

This movement of over 85,000 BTC is the highest since February 2024. In February, the BTC price was still below the previous all-time high (ATH) of $73,000.This recent movement might trigger price movement, as it occurred in February before Bitcoin hit an ATH about two months later.Despite the historical significance of miner activity, Santiment holds a different view. The platform emphasized that mining wallets have not strongly influenced Bitcoin’s price for much of 2024. This could mean that other market forces, such as whale action or institutional players, are playing a more dominant role.Sentiment maintains that the extreme drop should be a “net-neutral” signal. That is, the development is neither bearish nor bullish.As of this writing, Bitcoin price was trading for $99,091.99, a decrease of 4.27%. Bitcoin had dropped from its historic $100,000 psychological level in earlier trading. The world’s leading asset had dropped to a low of $94,035 before rebounding in the market.This article was originally published on U.Today More

The idea of a national Bitcoin reserve has gained traction this year among some policymakers and crypto enthusiasts, who argue that it could provide a hedge against inflation and diversify U.S. financial assets.While Dudley believes that crypto technology has the potential to improve the financial system and that a Bitcoin reserve might send BTC prices soaring, he argues that a BTC reserve might not be beneficial overall.At the time of writing, BTC was trading down 4.31% in the last 24 hours to $98,854. It previously touched an all-time high of $104,000 during yesterday’s trading session.Bitcoin, according to Dudley, hardly qualifies as money, and its volatility makes it an unsuitable medium of exchange. In most nations, people are not required to accept it as money, he noted. “Transactions are slow and expensive, requiring significant computing power and energy to validate each one,” Dudley stated.The ex-Fed president, however, believes that Bitcoin has some positive attributes: “It’s portable—you can keep millions of dollars’ worth on a thumb drive. It’s semi-anonymous, in the sense that holders are identified only by a public alphanumeric key. It can be transferred to anyone, anywhere, without relying on government-regulated banks or other traditional financial intermediaries.”If enacted, Dudley believes a Bitcoin reserve would undoubtedly send the BTC price soaring as investors pile in to get ahead of the government’s purchases, but on the contrary, it might stoke inflation.This article was originally published on U.Today More

Anaxi Labs, in collaboration with Carnegie Mellon University’s CyLab, the university’s cybersecurity and privacy institute, is announcing a compiler framework for cryptography that resolves an impasse – building scalable applications with Zero-Knowledge require fundamental trade-offs. The elusive trifecta of scalable, cryptographically-secured and decentralized applications have been considered impossible, and a barrier to mass adoption — until now.A Breakthrough in Cryptography with No Trade-OffsBlockchains such as Ethereum have been hailed as the future of decentralized infrastructure, with Zero-Knowledge (ZK) technology heralded to enhance Ethereum’s security and scalability beyond 120 TPS. According to the team, developing ZK proofs is complex and time-consuming, requiring thousands of hours across dozens of developers. Prioritizing speed in proof generation also means manually designing protocols, and with manual coding and tens of thousands of lines of code this introduces significant security vulnerabilities. This complicates the creation of security-sensitive decentralized applications and makes auditability and compliance a nightmare – all hindrances to widespread adoption in regulated industries such as finance, healthcare and AI.A team of Carnegie Mellon researchers is collaborating with Anaxi Labs to overcome this trade-offCMU’s recent paper presents a revolutionary way to directly compile high-level software and convert it into simpler forms (low-level representations) needed for underlying proof systems to work. And all this is done automatically, repeatable and auditable, getting rid of the manual work, drastically improving performance while cryptographically ensuring security of the process. The work achieves this by analyzing the high-level program, breaking the program into small, indivisible units, then creating low-level representation from each unit that can be easily inputted into varieties of proof systems.The research and the framework Anaxi Labs is building from the research are set to revolutionize industries in Web3 and beyond. In traditional and regulated finance, the performance boost while maintaining auditability enables real-time settlement of intrabank transfers like instant USD payments. In healthcare, amid challenges faced by 23andMe, secure and privacy-preserving encryption tools enabled by product being developed by Anaxi Labs, could now address critical concerns and safely utilize private genetic information by ensuring rightful ownership of one’s DNA, while enabling valuable research. Within the realm of enterprise AI and critical physical infrastructures, a decentralized solution that requires high availability and close to zero latency such as rapid fine-tuning and inference across multiple data and compute power resources becomes a reality.In the immediate term, products based on the research provide the most effective solution for Web3 companies grappling with the scalability, security and decentralization trade-offs, offering a new design paradigm for rollups and interoperability.Carnegie Mellon’s CyLab has been at the center of cutting-edge research that’s served as the foundation for blockchain development – including Zero-Knowledge. Notable faculty researchers from CyLab include esteemed professor Bryan Parno, a critical contributor to the history of ZK whose lab produced the widely cited Nova paper series, and assistant professor Riad Wahby, whose findings resulted in new cryptographic technologies that realized visions of the Ethereum Foundation (and more recently, the pathbreaking Jolt zkVM implementation by Andreessen Horowitz’s crypto division, a16z crypto).The findings set forth in this compiler framework are the result of the second research project originating from the symbiotic partnership between Anaxi Labs and CyLab through the CMU Secure Blockchain Initiative. This partnership enables CMU academics to collaborate and learn from the insights gleaned from the commercial deployments of their blockchain research, spearheaded by Anaxi Labs, for both Web3 and Web 2.0 applications. It enables them to find commercial solutions to major existing issues with blockchain that fails to bridge the gap between the known benefits of blockchain technology, and mass adoption. And it also serves as a springboard for CMU students to launch their careers in Web3.To learn more about Anaxi Labs and CyLab’s latest work: https://www.cylab.cmu.edu/ To learn more about CyLab’s partnership with Anaxi Labs: https://www.cylab.cmu.edu/news/2024/07/17-anaxi-labs-strategic-partner.htmlAbout Anaxi LabsAnaxi Labs is a new kind of research and development lab that bridges the worlds of advanced academic theory and mass adoption. They are dedicated to producing original, cutting-edge research, building enterprise-grade, safe and scalable decentralized infrastructure, and catalyzing the next generation of decentralized applications powered by cryptography.Anaxi Labs work with world’s top minds in cryptography research and world-class engineers who have experience building and operating household-name products with hundreds of millions of users. They are the industry partner of top academic institutions in cryptography such as Carnegie Mellon University. Together, they are committed to transforming the future of the internet by unlocking the power of what science can do for people, society and the planet.Website: https://www.anaxilabs.com/About CyLabCarnegie Mellon University’s CyLab is the university’s security and privacy research institute. They bring together experts from all schools across the University, encompassing the fields of engineering, computer science, public policy, information systems, business, financial information risk management, humanities, and social sciences. Our mission is to catalyze, support, promote, and strengthen collaborative security and privacy research and education across departments, disciplines, and geographic boundaries to achieve significant impact on research, education, public policy, and practice.Website: https://www.cylab.cmu.edu/ContactPRDaisy Leungdaisy@11.internationalThis article was originally published on Chainwire More

However, the expert did not keep silent either, and in response to one such barb, he said that “the dream has come true.” But he also said that the next one will be a “nightmare,” and all crypto enthusiasts and Bitcoin bulls should be “ready to toss and turn.”The main cryptocurrency was followed by the rest of the market in one proportion or another and, as a result, liquidations on derivatives on digital currencies reached an astronomical $875 million in 24 hours – one of the record highs for the year. The spill was quickly redeemed and the price per BTC returned to around $100,000, but the damage in liquidated positions can no longer be recovered. The good news is that it has already happened, which means that the market will be free of such drastic disturbances for a while.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly served as the title sponsor of the inaugural Crypto Content Creator Campus (CCCC), held on November 9-10 at W Palm Dubai. This landmark event brought together over 200 global creators, boasting a collective fan base of over 1 billion, and reinforced Dubai’s position as a global hub for blockchain innovation and the creator economy.Creators as Educators: Bridging Blockchain and Global AudiencesDuring the opening panel, “The Value of Content Creators to the Crypto Industry,” Ben Zhou, Co-Founder & CEO of Bybit, delivered a compelling speech on the role of influencers in bridging the gap between blockchain technology and global audiences. “At Bybit, we believe creators are not just marketers—they are educators and storytellers who foster trust and engagement in the crypto space,” Zhou said. Zhou emphasized the importance of long-term community impact over short-term conversions, highlighting Bybit’s commitment to authentic influencer partnerships. He also praised micro-influencers for their ability to connect deeply with niche audiences, driving meaningful engagement.Inspiring Innovation: From Keynotes to ChallengesAs title sponsor, Bybit supported dynamic discussions featuring industry leaders. Randi Zuckerberg shared actionable insights on audience retention during her keynote, while Zach King explored the art of storytelling and creativity. Sessions like “How Crypto Changed KOLs’ Lives” and “The Key to Becoming a Twitter Influencer” examined the transformative impact of blockchain technology on content creation and audience engagement.The event also showcased innovation through the CCCC Hacker House Challenge, backed by Bybit. Ten teams competed for a $90,000 prize pool, with winners including the Five Guys Team and Chris Kogias, whose creative projects underscored blockchain’s potential in revolutionizing content creation.Empowering the Future: Bybit’s Vision for Blockchain AdoptionAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

A whopping $489.41 million in liquidations were caused by Bitcoin alone demonstrating the volatility of its price movement. The charts demonstrate how Bitcoin tried to maintain its six-figure mark but encountered strong opposition, which caused a dramatic price reversal. Leveraged traders lost everything they had when the price retraced. Interestingly, this wave of liquidation was not limited to Bitcoin. While assets like XRP, Dogecoin and Solana saw large losses of $39.64 million, $22.40 million and $21.26 million, respectively, Ethereum saw liquidations totaling $85.71 million. According to exchange data, Binance and OKX were two of the most impacted platforms; in the last four hours alone Binance generated $8.13 million in liquidations, while OKX generated $5.04 million. With long positions accounting for 57% of the total, these liquidations were most severe, indicating overly optimistic wagers that Bitcoin would continue to rise. The market’s precarious position is highlighted by the liquidation heatmap. Because institutional and retail traders are highly leveraged, even small price changes can set off a series of liquidations increasing market volatility.The current chart of Bitcoin shows a struggle for stability, with important support levels at $92,000 being tested. The dangers of excessive leverage in a volatile market are highlighted by this liquidation event. Bitcoin will need fresh buying pressure and market confidence to break back above $100,000. For the time being, traders should exercise caution while the market adjusts to this most recent shakeout. The response of the larger cryptocurrency market in the days ahead will establish whether this decline was a normal correction or an indication of further volatility.This article was originally published on U.Today More

Lingo, the token revolutionizing RWA with its community-first model, has announced a strategic partnership with Stewards Investment Capital. This collaboration can solidify Lingo’s position as an anticipated RWA token launch in 2024, combining viral product, gamified users experience with 25 years of institutional and investment expertise.Building a Consumer-First RWA EcosystemLingo is the first RWA token tailored for a mass audience, utilizing real-world assets to fuel its unique rewards ecosystem. By building a diversified RWA portfolio, Lingo delivers tangible, lasting value to its growing community of over 2 million members and 8 million app users.Institutional backing has been a cornerstone of Lingo’s strategy. Its investor network collectively manages more than $3 billion in assets, and the advisory board includes former executives from BlackRock (NYSE:BLK), Google (NASDAQ:GOOGL), and Booking (NASDAQ:BKNG).Investment PartnershipStewards Investment Capital, with over 25 years of experience in RWA management, has deployed more than $1 billion across the United States and South Africa. This proven track record across diverse asset classes makes Stewards a partner to propel Lingo’s ecosystem forward.Together, the two organizations will deploy capital into carefully vetted RWA products, combining Stewards’ institutional expertise with Lingo’s innovative model. The partnership ensures the sustainability of the rewards ecosystem by leveraging Stewards’ institutional-grade expertise.Lingo’s Unique Approach to RewardsAt the core of Lingo ecosystem is its groundbreaking model: transaction fees are reinvested into real-world assets, potentially generating yields that fuel rewards for the community. This novel approach has positioned Lingo as an upcoming pioneer in consumer-first RWA space.By combining forces, Lingo and Stewards Investment are set to redefine how communities can benefit from real-world assets in the digital age.For more information, users can visit: Lingo website – http://mylingo.ioStewards Investment Website – https://stewardsinvestment.comAbout LingoLingo is building the gamified, RWA-powered rewards ecosystem for the next billion in Web3. The main goal is to reward the community with real-world benefits consistently and exponentially, powered by real-world assets that generate true value for the ecosystem.The premise of Lingo is very simple: To create an ever-growing rewards ecosystem that generates real-world community rewards, regardless of token and market volatility.Stewards Investment Capital is a boutique investment advisory firm with over 25 years of experience as part of the Stewards Group of Financial Companies. Strategically located in Mauritius, South Africa, and the USA, the firm specializes in crafting niche investment solutions for high-net-worth individuals and institutional investors, driven by a high-alpha approach.Stewards’ commitment to its investors is rooted in its mission to grow and nurture their wealth, build lasting fortunes, and create enduring legacies to achieve real freedom. Recognized by Global Private Banker, Africa Global Funds, and Global Finance, Stewards continues to foster close relationships with its investors, delivering exceptional service through innovative offerings and positioning itself as a preferred global investment partner.ContactHead of GrowthDanLingodan@lingocoin.ioThis article was originally published on Chainwire More