🚀 Cati Reaches 0.84 USDT, Reports 24H Increase of 0.73%
#Cati #USDT #cryptocurrency #marketupdate #priceincrease #CATI
According to Odaily, CATI briefly touched 0.84 USDT and is currently trading at 0.8325 USDT. The cryptocurrency has experienced a 24-hour increase of 0.73%.#Cati #USDT #cryptocurrency #marketupdate #priceincrease #CATI
🚀 21.co Integrates Chainlink Reserve Proof On Solana And Ethereum Mainnet
#21co #Chainlink #Solana #Ethereum #cryptocurrency #transparency #trust #verification #digitalassets #blockchain #LINK #SOL #ETH
According to BlockBeats, cryptocurrency asset management company 21.co, the parent company of 21Shares, has announced the integration of industry-standard Chainlink reserve proof on both the Solana and Ethereum mainnets. This move aims to enhance the transparency of 21.co's packaged version of Bitcoin, known as 21BTC.
The integration of Chainlink's reserve proof is expected to provide a higher level of trust and verification for users and investors. By leveraging Chainlink's decentralized oracle network, 21.co can offer real-time proof of reserves, ensuring that the assets backing 21BTC are verifiable and transparent. This development is part of 21.co's ongoing efforts to improve the reliability and security of its cryptocurrency products.
The implementation on both Solana and Ethereum mainnets signifies a significant step towards greater transparency in the cryptocurrency industry. Solana and Ethereum are two of the most widely used blockchain platforms, and integrating Chainlink's reserve proof on these networks underscores 21.co's commitment to adopting industry best practices. This initiative is likely to set a precedent for other companies in the sector to follow, promoting a more transparent and trustworthy environment for digital asset management.
Overall, the integration of Chainlink reserve proof on Solana and Ethereum mainnets by 21.co represents a crucial advancement in the quest for enhanced transparency and security in the cryptocurrency space. As the industry continues to evolve, such measures are essential in building confidence among users and investors, ultimately contributing to the broader adoption of digital assets.#21co #Chainlink #Solana #Ethereum #cryptocurrency #transparency #trust #verification #digitalassets #blockchain #LINK #SOL #ETH
🚀 21.co Integrates Chainlink Proof Of Reserves On Solana And Ethereum
#21co #Chainlink #ProofOfReserves #Solana #Ethereum #Bitcoin #cryptocurrency #transparency #LINK #SOL
According to Odaily, cryptocurrency asset management company 21.co has announced the integration of industry-standard Chainlink Proof of Reserves on the Solana and Ethereum mainnets. This move aims to enhance the transparency of 21.co's wrapped Bitcoin product, 21BTC.#21co #Chainlink #ProofOfReserves #Solana #Ethereum #Bitcoin #cryptocurrency #transparency #LINK #SOL
🚀 BNB Surpasses 610 USDT with a 4.56% Increase in 24 Hours
#BNB #USDT #cryptocurrency #trading #Binance #marketdata #increase
On Sep 23, 2024, 18:10 PM(UTC). According to Binance Market Data, BNB has crossed the 610 USDT benchmark and is now trading at 610 USDT, with a narrowed 4.56% increase in 24 hours.#BNB #USDT #cryptocurrency #trading #Binance #marketdata #increase
🚀 Bitcoin Wallets Show Diverging Trends in Holdings
#Bitcoin #BTC #wallets #holdings #cryptocurrency #Cointelegraph #BitInfoCharts #whales #middleclass #investing #finance #blockchain
According to Cointelegraph, the number of Bitcoin (BTC) wallets containing 1,000 or more BTC has increased by nearly 3.5% over the past 52 weeks. This growth is accompanied by a 75% increase in the number of wallets containing 0.0001 or less BTC. These numbers indicate growth at both ends of the spectrum, but a closer examination reveals that Bitcoin’s middle class — those holding between one and ten BTC — appears to be shrinking.
Data from BitInfoCharts shows the percentage change in the number of wallets containing specific amounts of BTC between Oct. 1, 2023, and Sept. 23, 2024. While the approximately 76% increase in the number of wallets containing less than 0.0001 BTC could indicate an influx of new users, it likely also accounts for some of the shrinkage occurring at the middle-class mark. The number of wallets containing between one and ten Bitcoin shrunk by 0.35%, while those in the 10 to 100 range dipped by more than 3%. The only other category that didn’t grow was the 10,000 BTC and up club.
It’s important to note that the wallets referenced in the data don’t necessarily account for individual Bitcoin users. Many wallets could be associated with the same individual or organization, and others could be abandoned wallets. Increased wallet numbers at the bottom tiers could indicate the emergence of relics related to selloffs after recent events such as Bitcoin’s all-time-high and the halving. On the other side, the decrease in whales holding more than 10,000 Bitcoin aligns with the increase in those holding between 1,000 to 10,000.
Statistically, this indicates that a significant portion of wallets with BTC holdings in the middle have retreated from the 1 to 100 range to near zero. If so, a significant percentage of wallets with BTC worth between $26,542 and $2,654,200 as of October 2023 have reduced their holdings over the past year. On the bright side, the number of Bitcoin wallets worth $1 million has increased by about 25% since the start of 2024.#Bitcoin #BTC #wallets #holdings #cryptocurrency #Cointelegraph #BitInfoCharts #whales #middleclass #investing #finance #blockchain
🚀 Celestia Foundation Raises $100 Million In New Funding Round
#Celestia #Blockchain #Funding #Crypto #TIA #ModularBlockchains #Scalability #Airdrop #BainCapitalCrypto #Investment
According to CoinDesk, Celestia Foundation, the team behind the Celestia blockchain network, announced on Monday that it has raised $100 million in a fundraising round led by Bain Capital Crypto. This new capital brings the foundation's total funds to $155 million, with participation from Syncracy Capital, 1kx, Robot Ventures, and Placeholder. The team did not specify the intended use for the new funds but emphasized that core developers are focused on a new roadmap unveiled earlier this month.
Celestia's native token, TIA, has seen a significant decline, down 54% since the beginning of 2024, according to CoinMarketCap. Despite this, Celestia had one of the most notable airdrops of 2023, distributing TIA to 580,000 users. Mustafa Al-Bassam, co-founder of Celestia, stated in a blog post that the launch of Celestia last year marked a significant advancement in blockchain technology, scaling blockspace from the dial-up era to the broadband era. The new technical roadmap aims to further scale blockspace to the fiber optic era while maintaining verifiability and low latency.
Celestia is part of a growing sector of modular blockchains designed to address scalability issues by enhancing transaction speed and execution. It also offers data availability services, which are promoted as a more cost-effective alternative to storing data on layer-1 blockchains like Ethereum.#Celestia #Blockchain #Funding #Crypto #TIA #ModularBlockchains #Scalability #Airdrop #BainCapitalCrypto #Investment
🚀 Siemens Utilizes Blockchain For Tokenized Commercial Paper Settlement
#Siemens #Blockchain #Tokenization #CommercialPaper #CryptoSecurities #JPMorgan #Onyx #SWIAT #DigitalAssets #FinancialTechnology #DekaBank #TradFi #DeFi #AssetTransfers
According to CoinDesk, German industrial giant Siemens AG has utilized JPMorgan's blockchain-based payment system Onyx and SWIAT's private blockchain to issue and settle a tokenized version of its commercial paper. The companies announced on Monday that Siemens issued €100,000 worth of crypto securities under the German Electronic Securities Act (eWpG) on September 13 and redeemed it three days later. The payments were conducted on the Onyx network using the JPM Coin System, while asset transfers were settled on the SWIAT network's delivery-versus-payment (DvP) mechanism.
The entire process took 93 seconds from the confirmation of the trade by the parties on SWIAT to the final confirmation of settlement, indicating that asset and payment transfers were completed. DekaBank also participated in the transaction, acting as a regulated crypto securities registrar on the SWIAT network. This transaction marks the beginning of a collaboration between Onyx and SWIAT to develop asset issuance products on blockchain rails for commercial banks. Their goal is to shorten value chains, increase transaction flexibility and speeds, and ultimately make financial transactions via blockchain rails scalable for commercial banks.
Tokenization of traditional financial instruments, or real-world assets (RWA), has been a rapidly growing area for blockchain technology, with significant involvement from major banks. JPMorgan has been a leader in this space with Onyx and its JPM Coin blockchain-based settlement technology. Transactions with JPM Coin have surged after introducing programmability to the network, reaching multiple billions of U.S. dollars on some days, according to Umar Farooq, head of Onyx by JP Morgan, during a panel discussion at Consensus 2024. JPMorgan CEO Jaime Dimon, while acknowledging the bank's extensive use of blockchain, has been critical of cryptocurrencies, referring to them as "pet rock" on multiple occasions.#Siemens #Blockchain #Tokenization #CommercialPaper #CryptoSecurities #JPMorgan #Onyx #SWIAT #DigitalAssets #FinancialTechnology #DekaBank #TradFi #DeFi #AssetTransfers
🚀 Telegram Updates Privacy Terms To Share User Data With Authorities
#Telegram #PrivacyPolicy #UserData #Authorities #CriminalConduct #IPAddresses #PhoneNumbers #PavelDurov #Encryption #Scammers #CSAM #Security #IllegalActivities #Fraud #DataPrivacy
According to CoinDesk, Telegram has made significant changes to its privacy terms, now allowing the app to share user information such as IP addresses and phone numbers with judicial authorities in cases of potential criminal conduct. This update was announced by CEO Pavel Durov in a post on the app on Monday.
The changes follow Durov's arrest in France last month, where authorities accused Telegram of enabling illegal activities, including drug trafficking, distribution of child sexual abuse material (CSAM), and fraud. In response to these allegations, Durov promised to make changes and emphasized the difficulty of balancing privacy and security. Earlier this month, Telegram took steps to block users from uploading new media to combat bots and scammers.
Previously, Telegram's privacy policy stated that user information would only be shared if the user was suspected of terrorism. The new terms mark a significant shift from this stance. Telegram, known for its encrypted messaging services, has faced pressure from various authorities, including an attempted ban by Russian authorities in 2018, which led Durov to relocate to Europe.
Durov, who denies the charges against him, has been ordered to remain in France until the investigation concludes. He is currently out on bail.#Telegram #PrivacyPolicy #UserData #Authorities #CriminalConduct #IPAddresses #PhoneNumbers #PavelDurov #Encryption #Scammers #CSAM #Security #IllegalActivities #Fraud #DataPrivacy
🚀 Sam Altman Predicts Dawn Of Intelligence Age With Deep Learning Success
#SamAltman #DeepLearning #IntelligenceAge #OpenAI #AIFuture #ScientificProgress #GlobalChallenges #ClimateChange #SpaceColonization #PhysicsDiscovery #TechnologicalAdvancement #Prosperity
According to Cointelegraph, Sam Altman, co-founder and CEO of OpenAI, published a blog post on September 23 celebrating the success of deep learning and claiming that humanity is on the verge of an era of unimaginable prosperity. Altman highlighted that his company's technology could create more powerful versions of itself within decades, accelerating scientific progress across various fields.
Altman's announcement of the “Intelligence Age” is based on the recent debut of OpenAI's “o1” AI model, which is capable of solving problems that previous models struggled with. Despite criticism that deep learning cannot be scaled to create human-level artificial intelligence, Altman asserts that deep learning has worked and improved predictably with scale, leading to increased resource dedication.
Altman envisions a future where AI systems will solve significant global challenges, such as climate change, space colonization, and the discovery of all physics. He acknowledges that these advancements will occur incrementally over time but believes that astounding triumphs will eventually become commonplace. While there is no specific timeline for these changes, Altman suggests that within the next couple of decades, humanity will achieve feats that would have seemed magical to previous generations.
It remains unclear whether Altman's post is a precursor to a new product launch or major announcement, or if it is simply a prediction of the “Intelligence Age.” Nonetheless, Altman expresses optimism about this new era, emphasizing that a defining characteristic will be massive prosperity.#SamAltman #DeepLearning #IntelligenceAge #OpenAI #AIFuture #ScientificProgress #GlobalChallenges #ClimateChange #SpaceColonization #PhysicsDiscovery #TechnologicalAdvancement #Prosperity
🚀 AI-Related Cryptocurrencies Lead Crypto Rally As Altcoins Outperform Bitcoin
#AI #Cryptocurrency #CryptoRally #Altcoins #Bitcoin #Blockchain #Decentralized #MachineLearning #Investing #Finance #NEAR #TAO
According to CoinDesk, artificial intelligence-related cryptocurrencies spearheaded a crypto rally on Monday, with altcoins outperforming bitcoin. Native tokens of layer-1 blockchain Near (NEAR) and decentralized computing platform Render (RNDR) surged 18%-20% over the past 24 hours, leading the CoinDesk 20 Index, which saw a 1.5% gain during the same period.
Decentralized machine learning protocol Bittensor (TAO) climbed 17%, while Livepeer (LPT) continued its upward trend after Barry Silbert, CEO of Digital Currency Group (DCG), highlighted the token as an #AI #Cryptocurrency #CryptoRally #Altcoins #Bitcoin #Blockchain #Decentralized #MachineLearning #Investing #Finance #NEAR #TAO
🚀 Mango Markets Considers Settlement With CFTC
#MangoMarkets #CFTC #cryptocurrency #decentralizedexchange #settlement #fine #governance #SEC
According to PANews, decentralized cryptocurrency exchange Mango Markets is contemplating a settlement agreement with the U.S. Commodity Futures Trading Commission (CFTC), which would involve a $500,000 fine. The CFTC has accused the exchange of operating without registration as a commodity exchange, providing services to U.S. users illegally, and failing to conduct customer identity verification. This proposal requires approval from Mango Markets' governance token holders, and current voting results indicate a high likelihood of approval. Additionally, the agreement must be sanctioned by CFTC commissioners. Last month, Mango Markets reached a settlement with the U.S. Securities and Exchange Commission (SEC), agreeing to pay a fine of approximately $700,000.#MangoMarkets #CFTC #cryptocurrency #decentralizedexchange #settlement #fine #governance #SEC
🚀 OpenAI Newsroom Twitter Account Posts Fake Token Announcement
#OpenAI #FakeToken #Cryptocurrency #AI #Blockchain #Scam #Twitter
According to PANews, on September 24 at 6:24 AM UTC+8, the @OpenAINewsroom Twitter account, which shares OpenAI news and has nearly 54,000 followers, posted a now-deleted message promoting a fake 'OPENAI' token. The post stated, 'We are excited to announce the launch of OPEANAI: a token bridging the gap between artificial intelligence and blockchain technology. All OpenAI users are eligible to receive the initial supply of OPENAI. Holding OPENAI will grant access to all our future beta programs.' The post also included a link to a counterfeit version of the OpenAI website. The fraudulent post is currently marked as 'unavailable.' The account was reportedly launched earlier this month.#OpenAI #FakeToken #Cryptocurrency #AI #Blockchain #Scam #Twitter
🚀 Elon Musk Announces Changes To Blocking Rules On Social Media Platform X
#ElonMusk #XPlatform #SocialMedia #BlockingRules #PublicPosts #Changes
According to Odaily, Elon Musk has announced that his social media platform, X, will be changing its user blocking rules. In a post on Monday, Musk stated that the new blocking feature will prevent blocked accounts from participating in public posts but will not stop them from viewing public posts. Currently, blocked users are unable to see posts from accounts that have blocked them.#ElonMusk #XPlatform #SocialMedia #BlockingRules #PublicPosts #Changes
🚀 Smolbound Secures $6 Million In Seed Funding
#Smolbound #SeedFunding #BlockchainGame #BitkraftVentures #GamingInvestments #CryptoFunding #GameDevelopment
According to Odaily, blockchain game Smolbound has successfully raised $6 million in a seed funding round. The round was led by Bitkraft Ventures, with participation from Treasure, Play Ventures, Anthos Capital, King River Capital, Zentry, Caballeros Capital, Gam3Girl Ventures, and Offchain Labs.#Smolbound #SeedFunding #BlockchainGame #BitkraftVentures #GamingInvestments #CryptoFunding #GameDevelopment
🚀 Anthropic Seeks $40 Billion Valuation In Early Funding Talks
#Anthropic #ArtificialIntelligence #Funding #Valuation #TechNews
According to Odaily, artificial intelligence startup Anthropic is currently in the early stages of discussions for new funding, proposing a valuation of $40 billion.#Anthropic #ArtificialIntelligence #Funding #Valuation #TechNews
🚀 Grayscale Reports Significant Net Outflows and Inflows in Bitcoin Trust
#Grayscale #BitcoinTrust #GBTC #Bitcoin #NetOutflow #NetInflow #Cryptocurrency
According to BlockBeats, on September 24, monitoring data from Farside revealed that Grayscale's Bitcoin Trust (GBTC) experienced a net outflow of $40.3 million. In contrast, Grayscale's Bitcoin (BTC) saw a net inflow of $8.4 million on the same day.#Grayscale #BitcoinTrust #GBTC #Bitcoin #NetOutflow #NetInflow #Cryptocurrency
🚀 Elon Musk Loses Legal Battle Over Severance Pay To Former Twitter Employee
#ElonMusk #Twitter #SeverancePay #LegalBattle #FormerEmployee #TwitterLayoffs #LaborRights #Arbitration
According to Odaily, Elon Musk has lost a legal battle against a former Twitter employee over unpaid severance pay. The employee was dismissed when Musk took over the social media platform in 2022. Musk acquired Twitter for $44 billion two years ago and swiftly laid off more than half of its workforce. This move led to claims from over 2,000 former employees who argued they did not receive adequate severance packages. Last Friday's legal victory could set a precedent for thousands of other former employees who have filed similar arbitration claims.
Attorney Shannon Liss-Riordan, representing the former employee, stated in a memo on Monday, 'The arbitrator awarded our client full severance pay. We are excited about this development and hope it signals more good news to come.' Liss-Riordan declined to comment further or disclose the arbitrator's written decision. The case was previously handled in a closed-door session with a private judge.#ElonMusk #Twitter #SeverancePay #LegalBattle #FormerEmployee #TwitterLayoffs #LaborRights #Arbitration
🚀 Blockchain Game L3E7 Launches Alpha Test
#Blockchain #Game #L3E7 #AlphaTest #Funding #Investment #SevenXVentures
According to Odaily, the blockchain game L3E7 (Lagrange3: Earth's 7WIN) has announced on the X platform that its Alpha test has officially commenced. Users can now download and experience the game through official channels.
Previously, it was reported that L3E7 successfully completed a $10 million funding round, with SevenX Ventures leading the investment.#Blockchain #Game #L3E7 #AlphaTest #Funding #Investment #SevenXVentures
🚀 Fidelity FBTC Sees $24.9 Million Inflow While FETH Remains Stable
#Fidelity #FBTC #FETH #cryptoinvestment #inflow #finance
According to Odaily, data from Farside Investors revealed that Fidelity's FBTC experienced a net inflow of $24.9 million yesterday. In contrast, FETH saw no significant inflows or outflows during the same period.#Fidelity #FBTC #FETH #cryptoinvestment #inflow #finance
🚀 Bitcoin(BTC) Drops Below 63,000 USDT with a 0.58% Decrease in 24 Hours
#Bitcoin #BTC #cryptocurrency #USDT #marketdata #trading #priceupdate
On Sep 24, 2024, 00:41 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 63,000 USDT and is now trading at 62,913.089844 USDT, with a narrowed 0.58% decrease in 24 hours.#Bitcoin #BTC #cryptocurrency #USDT #marketdata #trading #priceupdate