Category: AI

Cryptocurrencysecurityexpertsarewarninginvestorsaboutanewlydiscoveredmemecoinscamthatbypassesdetectionfiltersonmajortradingdataplatforms. ThisnewscaminvolvesatokencalledREPUBLICANthathasasecretcodethatallowsitsfoundertowithdrawtokensdirectlyfromanywalletthatholdsthem. “Whatwe’reseeinghereistheincreasingsophisticationofscamtokensinevadingdetectiontechniques,”MichaelLewellen,HeadofSolutionArchitectureatOpenZeppelin,saidinastatement.Whilescamtokenshavebeenarecurringproblemforcryptocurrencyinvestors,thisnewmemecoinusesadvancedcodingtechniquestobypasstraditionalsecurityscans. TheREPUBLICANtokenappearslegitimateatfirstglance.However,hiddenwithinitscodeliesafeaturethatallowstheprogrammertowithdrawtokensfrominnocentusers’walletsandcreateanunlimitedbalanceforthemselves.InvestorswhoexchangedETHforREPUBLICANondecentralizedexchangeshavereportedthattheirtokensdisappearedshortlyafterpurchase. ThescamwasfirstspottedbyuserX@yourfriend_btcandhassincegainedattentionamongcryptosecuritycircles.Whiletheexactprofitsmadebythescammerareunknown,DexScreenerdatasuggeststhat$408,000worthofREPUBLICANtokensweretraded. Lewellenexplainedthatthescammerusedassemblylanguage,alow-levelprogramminglanguagecloselyalignedwithmachinecode,tohidethemaliciouscodeinsidethetoken.“Assemblylanguagecodeishardertointerpret,whichmakesithardertodetectifitcontainsmaliciousfeatures,”hesaid.ThiscomplexityallowedREPUBLICANtobypasssecuritychecksthatusuallyidentifydangeroustokens. Despitethegrowthofreal-timemonitoringtoolsintheindustry,thesetoolshavenotflaggedtheREPUBLICANtoken.DexScreener,whichperformedthreeseparatecodeauditsonthetoken,foundnoissuesbutwarnedthatsuchauditsmaynotbefoolproof. *Thisisnotinvestmentadvice. en.bitcoinsistemi.com

AvaCloud,theleadingmanagedblockchainserviceprovider,todayannouncedamajoradvancementinblockchainprivacywiththeacquisitionofEtraPayandthelaunchofanewsuiteofprivacysolutions.Thismovecombinesthestrengthsofpublicandprivateblockchains,unlockingunprecedentedpossibilitiesforsecure,privatedataexchangeacrossvariousindustries. EtraPaybringstoAvaCloudateamofrenownedprivacytechnologyexpertsandagroundbreakingencryptedtokenstandard,theEncryptedERC(eERC).Thistechnology,leveragingadvancedcryptographictechniqueslikezero-knowledgeproofsandhomomorphicencryption,allowsforconfidentialtransactionsonAvalanche’sLayer1blockchainswhilepreservingfullauditability. \"Thisisawatershedmomentforblockchaintechnology.Bymergingthetransparencyofpublicblockchainswiththeconfidentialityofprivatesystems,we\'reempoweringbusinessestounlockentirelynewusecasesandachievehigherlevelsofsecurityandcompliance.Thisisthefutureofdecentralizeddataexchange.\"saidNicholasMussallem,CEOofAvaCloud. ThispowerfulcombinationofAvalanche’spublicblockchaininfrastructureandrobustprivacytoolsallowsAvaCloudcustomersto: Concealsensitivedata:Protectaccountbalances,transactionamounts,anduseridentities. Maintaincompliance:Meetregulatoryrequirementswhileleveragingthebenefitsofblockchaintechnologywithoutsacrificingsecurity. Expandusecases:Enablenewandmorerobustapplicationsindecentralizedfinance,tokenizedassets,supplychainmanagement,andmore. \"Weareincrediblyproudofthetechnologieswe’vedevelopedatEtraPay.Ourprivacyprotocolsrepresentabreakthroughinblockchaintechnology,particularlyinhowtheyaredesignedtobepracticalfromdayone.ByintegratingthemwithAvaCloud’spowerfulinfrastructure,we’reopeningupaworldofpossibilities.We’reexcitedtoseehowAvaCloudcustomerscanleveragethistechnologytobuildsecureon-chainapplicationsinwaysthatwerepreviouslynotpossibleinanyotherblockchainplatform.\"addedFurkanBoyraz,founderofEtraPay. TheAvaCloudprivacysuiteisavailablenowforallAvaCloudcustomersontestnet,withmainnetdeploymenttofollowinthecomingweeks. TolearnmoreandexplorethefutureofblockchainprivacywithAvaCloud: Visithttp://www.avacloud.io [email protected] AboutAvaCloud AvaCloudisamanagedblockchainserviceempoweringorganizationstoeffortlesslybuild,deploy,andscalehigh-performancedecentralizedLayeronenetworks.AvaCloudprovidesano-codeplatform,automatedinfrastructure,andcomprehensivesupport,enablingbusinessestofocusoninnovationwithoutthecomplexitiesofblockchainmanagement. AboutEtraPay EtraPayisaleadingproviderofprivacy-enhancingtechnologiesforblockchainnetworks.Theirexpertiseinadvancedcryptographyenablesconfidentialtransactionsandprotectssensitivedatawhilemaintainingthetransparencyandauditabilityofblockchainsystems. ‍ avax.network

Worldcoin’srecentfailuretobreachthe$2.15resistancelevelhasputthetokenunderrenewedbearishpressure,leavinginvestorstoquestionifaprolongeddowntrendmaybeunfolding.The$2.15markhasbecomeakeybattleground,withsellerspushingpriceslowereachtimebuyersattemptabreakout.AsWorldcoinstrugglestoregainupwardmomentum,theriskoffurtherdeclinesgrows,signalingpotentialchallengesahead. ThisarticleaimstoexploretheimplicationsofWorldcoin’srecentstruggleatthe$2.1resistancelevelandevaluatewhetheritcouldsignalanextendeddowntrend.Throughananalysisoftechnicalindicatorsandcurrentmarketdynamics,we’llassessthepossiblerisksandopportunitiesforWorldcoin,offeringtradersinsightsintowhatmaylieaheadforthetoken’spricemovement. TechnicalIndicatorsSignalPotentialForExtendedDowntrend Onthe4-hourchart,WLD’spriceisexhibitingnegativemomentum,tradingbelowthe100-daySimpleMovingAverage(SMA)asittrendsdownwardtowardthe$1.27supportlevel.Acontinueddescenttowardthe$1.27supportsuggeststhatsellingpressureisbuilding,andifthesupportfailstohold,Worldcoincouldexperiencemoredeclines. Also,the4-hourCompositeTrendOscillatorforWLDisshowingbearishsignals,withtheSMAlinecrossingbelowthesignallinesandapproachingtheoversoldzone,suggestingthatsellersarebecomingmoredominant.Astheindicatornearsoversoldterritory,itreflectsheightenedsellingpressure,raisingthepotentialforadowntrend. Onthedailychart,Worldcoinisexhibitingstrongdownwardmomentum,characterizedbyabearishcandlestickpatternfollowingafailedattempttobreakthroughtheresistanceat$2.15,indicatingincreasedsellingpressureandthattheassetmaycontinuetodrop. Additionally,WLDiscurrentlyfacingchallengesasitattemptstodropbelowthe100-daySMA,akeyindicatorthattypicallysignalsapessimistictrendwhenbreached.IfWLDmanagestoclosebelowthislevel,itcouldfurtherconfirmthenegativesentimentinthemarket,potentiallyleadingtoadditionalsellingandasustaineddownturn. Adetailedanalysisofthe1-dayCompositeTrendOscillatorshowsthatWLDislikelyfacingextendedlosses.ThesignallinehascrossedbelowtheSMAlineandistrendingdownwardtowardthezeroline,indicatinganegativeshiftinmomentum.Shouldthedownwardtrendpersist,Worldcoincouldencountersignificantdifficultiesinrecovering,resultinginaprolongedperiodofwaningpricemovement. WorldcoinPriceOutlook:WillBearsMaintainControl? AsWorldcoinencountersheighteneddownsidepressureafterbeingrejectedatthe$2.15resistancelevel,keysupportzonesbecomecrucialtomonitor.Ifbearscontinuetoassertcontrol,theymaypushthepricedowntothe$1.27supportlevel. Abreakdownbelowthislevelcouldleadtofurtherlosses,possiblytestingothersupportlevelsandintensifyingpessimisticsentimentinthemarket.Conversely,ifsupportholds,itmayrestoreconfidenceamongbuyersandcreateanopportunityforapricerecovery. FeaturedimagefromYouTube,chartfromTradingview.com newsbtc.com

Nextweek,U.S.voterswillpickthenextpresident.Andoutofthetwomajorpartycandidates,GOPnomineeandformerpresidentDonaldTrumphascomeoutasthemostBitcoin-friendly. “WewantallremainingBitcointobemadeintheUSA,”hesaidinJuneonhissocialmediaplatformTruthSocial. Trumphasnowbrandedhimselfasacrypto-friendlycandidateaheadofNovember’sdivisiveelection,bringinginmillionsofdollarsincashanddigitalassetdonationsfromSiliconValleytechleaders. Butitwasn’talwayslikethis.DespitetheRepublicanpresidentialnomineenowcallingfordomesticBitcoinproduction,hewasonceastaunchcryptocritic.So,howdidwegethere? IamnotafanofBitcoinandotherCryptocurrencies,whicharenotmoney,andwhosevalueishighlyvolatileandbasedonthinair.UnregulatedCryptoAssetscanfacilitateunlawfulbehavior,includingdrugtradeandotherillegalactivity.... —DonaldJ.Trump(@realDonaldTrump)July12,2019 Trump’smostdefiningearlycommentoncryptocurrencydatesbackto2019,whenaspresidenthemadeitclearhedidn’tlikeBitcoin. “IamnotafanofBitcoinandothercryptocurrencies,whicharenotmoney,andwhosevalueishighlyvolatileandbasedonthinair,”hesaidonTwitteratthetime,beforeslammingFacebook’splansforadigitalcurrency. “WehaveonlyonerealcurrencyintheUSA,anditisstrongerthanever,bothdependableandreliable,”headded.“Itisbyfarthemostdominantcurrencyanywhereintheworld,anditwillalwaysstaythatway.ItiscalledtheUnitedStatesdollar!” TrumpreiteratedhisbeliefsduringaBitcoinbullrunin2021.“Bitcoinjustseemslikeascam,”hesaidonFoxBusiness,repeatingthathewantedthedollartobetheworld’stopcurrency. EnteringtheNFTworld Ittookalongtimeforhimtoexplicitlysayhelikedthetopcryptocurrency,andthejourneystartedwithanunlikelycryptocraze:NFTcollectibles. Bytheendof2021,afterTrumphadlefttheWhiteHouse,hiswifeMelaniaannouncedherplansforaSolana-basedNFTcollection.SolanaLabsclarifiedthatithadnothingtodowiththecollectionlaunchingontheblockchain,andTrumpcontinuedtoslamcryptoas“dangerous”despitehiswife’sventure. Excitedforthisnewventure,whichcombinesmypassionforartandcommitmenttohelpingourNation’schildrenfulfilltheirownuniqueAmericanDream.#MelaniaNFThttps://t.co/XJN18tMllgpic.twitter.com/wMpmDDsQdp —MELANIATRUMP(@MELANIATRUMP)December16,2021 Thenextyear,however,theformercommander-in-chieflaunchedhisownNFTcollection.MintedonEthereumscalingnetworkPolygon,thedigitaltradingcardcollectionwasatfirstridiculed—butitstillsoldoutquicklyandmademillionsofdollars. Trumplatersaidthatheonlylaunchedthecollectionbecausehethoughttheywere“sortofcute.”HehassincelaunchedmorecollectionsonPolygon,andevenmintedsomeofthethirdsetonBitcoinviatheOrdinalsprotocol.AfourthcollectionlaunchedinAugust2024withthelargestnumberofNFTstodate. TrumphasevenclaimedthatthesuccessofhisNFTcollections,andthesurprisingnumberofbuyerswhousedcryptocurrencyratherthanfiatcurrency,helpedchangehisperspectiveonBitcoinandcryptocurrency. Adigitalwallettiedtotheex-PresidentbyblockchainanalyticsfirmArkhamIntelligenceshowsthathehasrakedinmillionsinroyaltiesfromtheNFTs—andalsoholdssomeofthebiggestunofficialTrumpmemecoins,whichlikelyweresenttothewalletwithoutTrump\'sknowledgeorconsent. Trump\'scryptoembrace ButitwasjustthisyearwhenTrumpreallyuppedthepro-cryptotalk.“Imakemoneywithit,Ihavefunwithittoo,”TrumpsaidinaMarchinterviewwithCNBC’sSquawkBox.“Crazynewcurrencies,that’swhatIcallthem.” Then,whilehostingholdersofhisNFTsathisMar-a-LagoresortinMay,hetoldthecrowdhewas“goodwith”crypto—andslammedBidenandtheDemocratsforbeing“againstit.”Manysawtheeventasaturningpointincryptopolicyconversations. Now,alongwithhisrecentdeclarationofsupportforU.S.Bitcoinmining,thedigitalassetspacehasbecomeaprominenttalkingpointofhiscampaignashetriestowinoverthecryptocommunity. RumorsdroppedinMaythattheworld’srichestmanandbiggestdonortotheTrumpcampaign,ElonMusk,hasbeenadvisingthepresidentialhopefulonacryptostrategy.(Muskdeniedthereports.)InJuly,theRepublicanpartyissuedadraftpartyplatformthatexplicitlymentionedcrypto—afirstfortheindustry. AftersurvivinganassassinationattemptinJuly,thebusinessmogulandformerrealityTVstarearnedMusk’spublicendorsement,aswellassupportfrommanyotherprominentnamesinthedigitalassetspace.AndmajorcryptofiguresliketheWinklevosstwinsofGeminiandKrakenfounderJessePowellhavedonatedsizablesumstoTrump. TrumpselectedSenatorJ.D.Vanceashispickforrunningmate,withthepotentialVicePresidentseenasapro-cryptocandidatewhopreviouslydisclosedBitcoinholdingsofbetween$100,000and$250,000backin2021. ButthemosttangiblesignofTrump’sembraceofcryptocamewhenhespokeatthe2024BitcoinConferenceinNashville,Tennessee.There,hepromisedthecrowdthathewouldbuilda“strategicBitcoinstockpile”forthecountryandthathisplanwastoturntheU.S.intothe“cryptocapitaloftheplanet.” TheTrumpfamilythenteasedadecentralizedfinance(DeFi)projectdubbedWorldLibertyFinancial,withTrumphimselfpostingmultiplesocialmediateasersduringtheinitialrollout. [email protected]/mwhVIzPJyq —DonaldJ.Trump(@realDonaldTrump)August29,2024…

High-performanceblockchainSolana(SOL)hasgarneredattentionforsignificantinflowsfromotherblockchains,withitstotalvaluelocked(TVL)surgingasaresultoftheseinflows.Anexaminationofthedata,however,showsamorenuancedpicture,withEthereum(ETH)recovering42%ofSolana’sinflows. AccordingtodatafromArtemisLabssharedbyDeFiReportfounderMichaelNadeau,Solanahasseensubstantialinflowsyear-to-date,with$2.36billioncomingfromEthereum,althoughETHsaw$1billionofthosefundsreturn. Thedatashowsthatonly2.7%ofEthereum’sTVLmigratedtoSolanayear-to-date,withthesecond-largestnetworkbymarketcapitalizationseeing$6billionofnetoutflowssofarthisyear.83%ofthoseoutflows,Nadeauwrote,wenttoLayer-2networkswithinitsecosystem,wherethey“continuetodrivevaluetotheL1.” No.Addingsomecontext(anddata)changesthestoryregardingflowstoSolanafromotherchains👇 Overthelastmonth,@baseis#1intermsofnetflows($463m).@solanais#2with$197mofnetflows.@SuiNetwork#3with$120m. IfwezoomouttoYear-to-Date,@arbitrum…https://t.co/FXd7kqJ2YDpic.twitter.com/mqqfRnGxpc —MichaelNadeau|TheDeFiReport(@JustDeauIt)October30,2024 Thedataalsoshowsthatoverthepastmonth,Coinbase’sLayer-2networkBaseledintermsofnetflows,with$463millionenteringthenetwork.Solanacameinsecondwith$197millionofnetflows,aheadofSui’s$120million. Year-to-date,Ethereum’slayer-2networkshaveledintermsofnetflows,however,withArbitrumseeing$2.4billionandOptimismseeing$2.2billion.Basecomesinthird,with$1.6billionofnetflows. Solana’srisehasneverthelessbeennotablethisyear,withitspricesignificantlyoutperformingmostotherdigitalassetstothepointthatit’snearlyovercomingBinance’sBNBtobecomethefourth-largestdigitalcurrencybymarketcapitalization. It’sworthpointingoutthatbothcryptocurrencieshaveverydistinctsupplymechanics,eventhoughbotharegastokensusedwithintheirblockchainsthatpowertheirdecentralizedfinanceecosystems. WhileBNBhasareal-timeburningmechanismthatwasintroducedwithBEP-95andseesaportionofthecollectedgasfeesgetburnedineachblockinabidtoreduceitstotalcirculatingsupply,Solanadoesn’thaveamaximumsupply,butratheraninflationmechanism. Solanaisaninflationarytokenwhosesupplyincreasesatapredeterminedrate.Atlaunch,ithada500millionSOLsupplyallocatedduringthecreationofthegenesisblock—thefirstblockonablockchain.Thecurrenttotalsupplynowstandsat587millionSOL. FeaturedimageviaUnsplash. cryptoglobe.com

VanEck,aleadingglobalassetmanager,hasannounceditssecondmajorgaminginvestmentunderitsliquidtokenstrategy.ItisbettingonGunzillaGamesandtheirambitiousnewproject,OffTheGrid(OTG). VanEckInvestsinGunzilla’sWeb3Game“OffTheGrid” VanEck’sMattMaximomadetheannouncementonOct.31.MaximohighlightedGunzillaGamesasthecreatorsofthefirstWeb3-enabled,AAA-ratedgamethatwillbeavailableonmultipleplatforms,includingPC,Xbox,andPS5.Accordingtohim,VanEck’sliquidtokenstrategyiskeenlyfocusedongaming,whichisoneofthemostpromisingareasforblockchainandtokenizedinvestments. Excitedtoannounceour2ndmajorgaminginvestmentat@vaneck_usliquidtokenstrategy:GunzillaGames,creatorsofthefirstweb3-enabledTriple-Aratedgame,OffTheGrid,onPC,XboxandPS5. Here\'swhywe\'rebullishonOTGandtheintersectionofgamingandblockchain:🧵https://t.co/ws5YqvlVml —Matt(@mattmaximo1)October31,2024 GabeRabello,anothercriticalfigureinVanEck’sliquidtokenstrategyteam,initiallysharedthatgamingrepresentsacorepillarofthefirm’sinvestmentoutlook.Sofar,VanEckhascommittedtotwolong-terminvestmentsinthisspace:ParallelTCGandOffTheGrid. GunzillaGamesdevelopedOffTheGrid,a“dystopiancyberpunkshooter”whereplayerscanearnGunzilla’snativeGUNtoken.ItisdirectedbyOscar-nominatedfilmmakerNeillBlomkampandaimstoprovideplayerswithanimmersiveworldthatcombinesbothnarrative-drivenandmultiplayergameplay. Thisblendofstorytellingandinteractivity,coupledwithintegratingWeb3features,positionsOTGasapioneeringentryintheemergingmarketofblockchain-enabledAAAgames.MattMaximofromVanEcksharedontheXplatform: Weviewcryptoasawaytoenhancegamingexperiencesandrefinemonetizationstrategies. ~MattMaximo Gamingstartupsattract$517millioninQ32024funding AccordingtodatafromKonvoy,aventurecapitalfirm,gamingstartupsattracted$517millioninfundinginthethirdquarterof2024.ThisinfluxfollowsVanEck’sinvestmentinMarchinParallel,aWeb3-basedcardgameinwhichtradablecardsexistason-chainNFTs.Parallel’s$35millionfundingroundalsosawsupportfromSolanaVenturesandCoinbase’sBaseEcosystemFund. Maximonotedthatgamershavelongcreatedsystemsfortradingin-gameitems,withplatformslikeSteam’speer-to-peermarketplacegeneratingover$32billionintradingvolume.Henotedthatblockchaincanmeetplayers’needsfortransparencyandcontroloverin-gameassets. InOffTheGrid,playersearnGUNtokenstounlockin-gameitems,whichtheycanstoreinWeb3wallets.Thegame’smarketplace,builtonanAvalanchesubnetcalledGUNZ,letsplayersbuyandsellitemsusingGUNtokens. OffTheGridenlistedRichardMorgan,authorofAlteredCarbon,anddirectorNeillBlomkamptodriveitscreativedirection.Afewyearsago,VanEcklauncheditsDigitalAssetAlphaFund,whichfocusedonliquidtokensandusedtraditionalvaluationtechniques. cryptopolitan.com

Politiciansmakingbigcryptopromises—DonaldTrumpandYuichiroTamaki—aretrendinginJapanastheeconomystrugglesandholdersofcryptocurrencyaretaxedwithoutmercy.Belowthecacophonyofelectionhubbub,however,afreshmovementofpeer-to-peer(P2P)adoptionandusagehasbeguninAsia,basedonbitcoincash. InatweetpostedonHalloween(JST),Japan’sself-regulatoryandstate-certifiedcryptoassetgroupknownastheJVCEAdeliveredarequestforcryptotaxreformtoYuichiroTamaki,leaderoftheDemocraticPartyforthePeople(DPP). “AstherepresentativedirectoroftheJVCEA,acertifiedself-regulatoryorganizationforcryptoassets,IdeliveredarequestfortaxreformregardingcryptoassetstoMr.Tamaki,theleaderoftheDemocraticPartyforthePeople,today,”GenkiOda’sposttosocialmediasiteXstated. TheJVCEA’sOdalamented:“InApril2017,over50%oftheworld’sbitcointransactionswereinJapaneseyen.Thishasnowfallentoaround1%,”indicatingaharshenvironmentforcryptoenthusiastsinthecountry. GenkiOda,representativedirectoroftheJapanVirtualandCryptoassetsExchangeAssociation(JVCEA). TamakiandTrumpcausecryptosocialmediabuzz YuichiroTamakihasstirredthingsupbeforewhenitcomestomakingpledgesaboutcryptotaxreforminthecountry,whereholderscanbetaxedupto55%ontheirgainsinthemostextremecases.ThememberoftheJapaneseHouseofRepresentativesposteda4-pointcryptopledgetoXonOct.20,requestingvotesforhisparty. Tamakimentionedaseparate20%taxforcrypto,NFTusageingovernment,andthedigitizationoftheyen,raisingalarmbellsinsomeaboutthepotentiallydestructiveforceofacentralbankdigitalcurrency. Acrossthepond,thepolarizedpoliticalatmosphereintheU.S.appearstobedrivingRepublicanpresidentialhopefulDonaldTrumptomakeboldclaimsaboutbitcoin’sfuturebeing“MADEINTHEUSA!VOTETRUMP!” TheformerDemocrat(whoneverlockedupHillaryClintonashepromisedinhisfirstelection,andinfact,showeredherwithhighpraiseimmediatelyafterhewon)willhopefullyatleastfollowthroughonstatedplanstofreeSilkRoadmarketplacecreatorRossUlbricht. Thosewhoknowhowpoliticsinevitablyworks,however,havelittlechoicebuttohopeforaluckybureaucraticfluke,moreorless,soRossmightactuallygethislifeback.JapaneseusersofsocialmediaaresimilarlyhopingforamiraclewhenitcomestoTamakiandTrump,butintheircase,it’sforthesamesystemthatcruellyimprisonedUlbrichttograntcryptotaxbreaks. InadditiontorecentattentiongivenfromthefounderandCEOofleadingJapaneseexchangeBitflyer,YuzoKano,everydayXusersinthelandoftherisingsunarealsoreactingtoTrump’sblusterybitcoinbravadoin2024. “Shouldn’ttheJapanesegovernmentalsobebuyingupBitcoin?”tweetedoneaccountinresponsetoTrump’sbitcoinpromises. Butcryptowasneveraboutdependingonpoliticalwind-blowing.Infact,ifthemessageencodedinthebitcoingenesisblockistoreallymeananything,bitcoinhasalwaysbeenaboutjusttheopposite:usewithoutthepermissionofbanksandcorruptgovernments. IfthereistobeacryptosolutionfortheeconomicstruggleJapaniscurrentlyexperiencing,itmustbefoundpeer-to-peer. Paytacawallet’smapofbusinessesinPhilippines,HongKong,andTaiwanacceptingbitcoincash. P2PcryptousageadvancesinAsia Withtheadventofdecentralized,permissionless,andnon-custodialtradingandhedgingplatformssuchasBCHBull,basedontheAnyHedgeprotocol,andUTXO(unspenttransactionoutput)-basedsmartcontractsnowbeingenabledonchainonBCH,theoft-mockedforkofBTCcontinuesmakinginroadstowardadoptionwithoutneedingtopraytosketchypoliticians. WalletcreatorssuchasPaytacaarebombardingbrick-and-mortarbusinessesatahighrateinthePhilippinesandelsewhereintheregionbyfocusingonquicktransactionsandpracticality. Lefttoright:AaronAlmadro,CindyWang,andJoemarTaganna. PaytacaCEOJoemarTagannatoldCryptopolitan:“IbelievethekeytodrivingcryptoadoptioninthePhilippines—andAsiamorebroadly—istomakeitpracticalandadvantageousforeverydaypayments,surpassingtheutilityoffiatcurrencies.”Henotedthat“Thisrequiresenablingdirect,peer-to-peercryptotransactionsratherthanmerelyembeddingcryptowithinintermediatedfiatpaymentsystems.” Tagannabelievesanewbreedofcryptocompaniesshould“capitalizeoncostsavings,leveragingtheefficienciesofdirectpeer-to-peerpaymentstocreatesustainablemargins.” Statistically,transactionsarealsogrowinginrecentyearswiththeintroductionofsmartcontracts,NFTtradingonchain,andlocaladoptionsuchascanbeseeninPhilippines. Ofcourse,therearemanyothercryptoassetsthatcanstillbeusedP2Ptoprotectoneselffromfinancialabuse,andBCHisjustoneoftheseoptions,noneofwhicharewithouttheirdetractors. However,focusingonuncensorablemoneyandtrulypermissionlessnetworksasTagannaandothersintheregionaredoing,caneventuallymakeitsothatnomatterwhichpoliticalclownisvyingforpower,thefreemarketcanstilltransact,choosingprojects,people,andsystemsforsocialgovernancetosupportandvaluevoluntarily,andnotbyforcedelections. cryptopolitan.com

RecentdatafromGitHubrevealsthetoptenmostactivecryptocurrenciesoverthepastninemonths.InternetComputerProtocol(ICP)toppedthelistwith6,012commitsandahighlevelofdeveloperinvolvement,eventhoughitspricedroppedby13.7%.Thistrendsignalsasteadycommitmenttoprojectenhancement. THEMOSTACTIVECRYPTOSBASEDONTHE#GITHUBDATAFOR9MONTHS$ICP$SUSHI$MINA$BTC$LINK$RBC$ATOM$CAKE$STORJ$XECpic.twitter.com/F0qc48n0jN —PHOENIX–CryptoNews&Analytics(@pnxgrp)October31,2024 SushiandMinaProtocolMaintainMomentuminCryptocurrencies SushiandMinaProtocolfollowcloselyindeveloperengagement,eachwith26and100contributors,respectively.Sushisawa5.7%declineinvaluebutremainsasignificantplayerwithactivedevelopment.Withasubstantial2,707commits,MinaProtocolexperiencedamorenotable7.8%dropinprice.Whilefacingpricedeclines,theseprojectscontinuetoengagedevelopers,indicatingresilienceandafocusonlong-termstability. Bitcoin,oneoftheoldestandmostestablishedcryptocurrencies,recorded2,329commitsovertheninemonths.Itspriceroseby14.3%,reflectinginvestorconfidenceandactiveprojectgrowth.Withadedicateddevelopercommunity,Bitcoinshowsaconsistentpaceofdevelopment,reinforcingitsroleasamajorassetinthecryptospace. Chainlink($LINK)sawapriceincreaseof10.6%alongside1,770commits,highlightingbothdevelopersupportandinvestorinterest.Similarly,Cosmos($ATOM)achievedapricegainof2.6%,underpinnedbysubstantialcontributoractivity.Theseprojectsthrivewithpositivepricemovementsanddeveloperengagement,indicatingtheirgrowingimportanceinthemarket. Community-DrivenGrowthforCake,Storj,andXEC PancakeSwap($CAKE),Storj,andeCash($XEC)alsomadeittothetopten,witheachprojectdemonstratingstrongdeveloperinvolvement.$CAKE,inparticular,sawitspriceriseby3.6%,supportedbysteadycontributions.StorjandXECregisteredasmallerpriceincreaseof1.7%butretainedsignificantdeveloperactivity.Thistrendindicatescontinuedinterestandpotentialgrowthopportunitiesinthecomingmonths. blockchainreporter.net

ApeCoinisholdingsteadyatthecrucial$1supportlevel,fuelingspeculationonwhetherthebullsarereadyforacomebackasitmaintainsitspositionabovethiskeymark.Recentbearishpressurehasdriventhetokentoapointwherearecoverymightbeonthehorizon,yetthecriticalquestionis:canbuyersdefendthislevelandpushpriceshigher?Withmomentumshiftingandmarketsentimentinflux,thesceneissetforeitherabreakoutontheupsideorabreakdown. ThisarticleaimstoanalyzeApeCoin’sresilienceatacriticalsupportlevel,exploringwhethercurrentmarketdynamicscouldsparkarebound.Throughabreakdownoftechnicalindicatorsandrecentpriceaction,weseektoanalyzethepossibilityofabullishreversalorsignsofcontinueddownwardpressureonApeCoin. TechnicalAnalysis:SignsAfAReboundOrBreakdown? APE’spriceonthe4-hourchartisconsolidatingabovethe100-daySimpleMovingAverage(SMA)andthekey$1supportlevel,indicatingmarketindecision.WhilethepositionabovetheSMAsuggestsanoptimistictrend,thisconsolidationcouldleadtoarallyorstrongdecline,dependingonwhetherbullsorbearstakecontrol. Meanwhile,the4-hourCompositeTrendOscillatorforApeCoinshowsbearishsignals,asitsSMAlineedgestowardacrossoverbelowthesignallinesnearthezerolevel.Thiscrossoverattemptistypicallyseenasabearishindicator,suggestingthatdownsidemomentummaybegainingsteam.Asuccessfulcrossoverbelowthesignallinescouldconfirmashiftintrend,potentiallysignalingmoresellingpressureonAPEinthenearterm. Onthedailychart,APEisinaconsolidationphasewhileshowingdownbeatstrengthasitnearsthe$1mark.Althoughittradesabovethe100-daySMA,theincreasingsellingpressureraisesconcernsaboutitsabilitytostayabovethe$1level.Thiscombinationofconsolidationandbearishmomentumcouldindicateastruggletomaintainitsposition,potentiallyleadingtoadeclineifthebearishtrendcontinues. Adetailedanalysisofthe1-dayCompositeTrendOscillatorshowsthatApeCoinisoverbought,indicatingpossibleextendedlosses.ThesignallineisattemptingtocrossbelowtheSMAline,whichusuallysignalsashiftinmomentumtowardthedownsideandincreasingsellingpressure.Ifthiscrossoverhappens,itcouldreinforcethelikelihoodofcontinueddeclines,leadingtraderstoreconsidertheirpositionsamidtheweakeningbullishsentiment. RiskVs.Reward:What’sNextForApeCoin? Basedontheanalysis,ApeCoin’spriceappearspoisedforadroptowardthe$1supportlevel.Abreakdownbelowthismarkcouldleadtoadditionallossesforthecryptocurrency,whichcouldpushitdowntothe$0.660supportlevelandbeyond. However,ifApeCoinbreaksabovethe$1mark,thepriceislikelytomoveupwardtowardthe$1.7resistancelevel.Furthermore,abreachofthislevelcouldtriggerfurtherupwardmovement,potentiallyleadingtothe$2.1resistancelevelandbeyond. FeaturedimagefromMedium,chartfromTradingview.com newsbtc.com

SatoshiNakamoto’s2008whitepaperintroducedBitcoinasadecentralizeddigitalcurrency,eliminatingtheneedforfinancialintermediaries. Thewhitepaperaddressedthedouble-spendingproblemthroughapeer-to-peernetwork,ensuringsecureanduniquetransactions. Bitcoin’spricerecentlysurpassed$73,000,reflectingitssustainedgrowthandmarketrelevance. SatoshiNakamotoreleasedanine-pagedocumenttitled“Bitcoin:APeer-to-PeerElectronicCashSystem.’Byprovidingamonetarysystemofelectronicmoney,asdescribedinthiswhitepaper,afoundationforBitcoinwasestablished,withthedismissalofthemiddleman.Thispaperwassignificantindefiningthefuturepathofdigitalfinance,especiallyincreatingcryptocurrenciesandblockchain. ✨Tomorrowisthe16thanniversaryofthedaySatoshiNakamotopublishedthe#Bitcoinwhitepaper Theperfectdaytostartthenextbullrun🚀pic.twitter.com/TR6SSe2uDf —TheBitcoinHistorian(@pete_rizzo_)October30,2024 Oneofthemostsignificantchallengesinelectroniccommercetransactionsisemployingasingledigitalcurrencytomakeseveralexpenditures.Nakamotounveiledthesolutionusingapeer-to-peernetworktotimestampthetransactionsinachronologicalorderofblocks-nowreferredtoasblockchaintechnology.Thisbroughtouttheaspectofnon-duplicityforeachtransaction,makingtheexchangesystemveritableandsecureforimplementingdigitalcurrencies. TheMarketandFutureImpactofBitcoin Therecentreportsuggeststhat,aftertheproposalin2008,Bitcoinbecameoneofthemostwidelyusedcryptocurrencies.Thisyear,Bitcoinpricereached$73,000,whichwasclosetothemaximumvalueof$73,750inMarch2024.Thisheattributestoenhancedinvestors’trustandwidespreaduseofdigitalcurrencies.ThetrendsinthecryptocurrencymarketsarestillgoodandprovethattheywillnevergoawayandthatNakamoto’soriginalvisionholdsalotoftruth. ThefundamentalsdescribedinBitcoin’sconstitutionhavenotonlyfacilitateditsexpansionbuthavealsoencouragedtheexpansionoftheglobaleconomy,cryptocurrencies,andblockchaintechnology.Groupsofservicesarelinkedtodecentralizedfinances(DeFi),differentmodelsofdigitalidentityverification,andnumerousothersolutionsbasedontheblockchainconcept,mostofwhichcametolifeafterthewhitepaper’spublication. cryptonewsland.com