Category: AI

TheEuropeanSecuritiesandMarketsAuthority(ESMA)hascalledonEUlawmakerstostrengthencryptoregulationsbymandatingexternalcybersecurityauditsforcompaniesinthesector,theFinancialTimesreportedonOct.16. Thisrecommendationcomesasthecryptoindustryfacesanalarmingincreaseincyberattacks,whichareputtingconsumerprotectionsatrisk.Itispartofproposedamendmentstotheupcomingregulatoryregime. Mandatoryaudits InaproposaltoamendtheMarketsinCrypto-AssetsRegulation(MiCA),settobefullyenforcedinDecember2024,ESMAadvocatesforenhancedmeasurestosecurecryptoplatforms. Centraltotheproposalisarequirementforcompaniestoundergothird-partyauditstoassessandaddresspotentialcybersecurityvulnerabilities.ESMA’sappealhighlightstheneedfortightersafeguardsascybercriminalsincreasinglytargetthesector. ESMAarguedurgencyforaction,citingdatashowingthatmorethan$1.5billionwasstolenfromcryptoplatformsduringthefirsthalfof2024,an84%jumpcomparedtothesameperiodin2023. Recentincidents,suchasthe$52millionbreachofSingapore-basedexchangeBingXinSeptemberandthe$235millionhackofIndia’sWazirXinJuly,havefurtherillustratedtherisksfacingtheindustry. Pushback WhileMiCAhasalreadyintroducedlicensingrequirementsandanti-moneylaunderingprotocols,ESMA’spushformandatoryauditshasmetsomeresistance. TheEChasvoicedconcernsthattheproposalcouldgobeyondMiCA’sintendedscope.However,someregulatorsandindustryobserversarguethatthegrowingscaleandsophisticationofcyberattacksjustifyadditionaloversightmeasures. ThecallforenhancedcybersecurityregulationsisnotlimitedtoEurope.AreportfromtheEuropeanParliamentaryResearchService(EPRS)recentlyemphasizedtheneedforgreaterscrutinyofcryptooperationsbeyondtheEU,particularlyinregionsliketheUS,whereregulatoryframeworksremainlesscohesive. AstheMiCAregulationsapproachtheirfullimplementation,itremainstobeseenwhethertheEUwillembraceESMA’sproposedcybersecurityauditmandate.Nonetheless,thepushforstrictersecurityprotocolsreflectsabroaderglobalefforttostrengthenthecryptoindustry’sresilienceagainstcyberthreats,ensuringconsumerprotectioninanincreasinglyvolatilemarket. cryptoslate.com

Celestia’smodularblockchainboostsscalability,enablingdeveloperstobuildcustomblockchainswithouttraditionallimitations. Chiliztransformssportsfanengagement,offeringtokensthatletsupportersparticipateinteamdecisions,deepeningfaninvolvement. MOGCointhrivesonhumorandviralcontent,buildingacreative,fun-drivencommunity,whileredefiningthememecoinlandscape. ThecryptocurrencylandscapeisbuzzingwithinnovationasprojectslikeCelestia,Chiliz,Ethena,Brett,andMOGleadthechargeinreshapinguserengagementandcommunityconnections.Celestia’smodulararchitectureempowersdevelopers,whileChiliztransformsfaninvolvementinsports.Ethenaoffersadecentralizedsavingssolution,andBrettembodiesthevibrantcultureofBaseChain.Meanwhile,MOGCoinchampionshumorandcreativityinthememecoinspace.Together,theseprojectsareredefiningthepossibilitiesofblockchaintechnology. Celestia(TIA)ModularBlockchainInnovation Currentprice:$6.00 Marketcap:$1.30B Celestiahasemergedasatransformativeforceintheblockchainlandscapebyintroducingamodulararchitecture.Thisinnovativeframeworkdecouplesexecutionfromconsensus,significantlyenhancingscalabilityandflexibilityfordevelopers.Byutilizingdataavailabilitysampling,Celestiaallowsuserstocreatetheirownblockchainswithoutthetypicalconstraintsoftraditionalmodels,pavingthewayfornewdecentralizedapplications. ChilizRevolutionizesFanEngagement Currentprice:$0.07507 Marketcap:$684.65M Withitsblockchain-basedplatform,Socios,Chilizhasbeencausingquiteastirinsportsandentertainmentbylettingfansbuytokensintheirfavoritesportsteams.Increasedpollanddecisioninvolvementbyfansformoreactivitycanhelpbridgethegapfrommeresupporttomanagement.ThiscollaborationwithmajorclubslikeFCBarcelonaandManchesterCityunderlinesthecriticalroleofChilizinchangingfanexperiences. Ethena(ENA)SyntheticDollarSolution Currentprice:$0.3603 Marketcap:$989.35M Ethenafocusesonprovidingacrypto-nativesolutionforasyntheticdollar.BuiltonEthereum,thisprotocolaimstocreateadecentralizedsavingsinstrumentcalledthe“InternetBond.”Byofferinganalternativetotraditionalbankingsystems,Ethenaaddressesthegrowingneedforaccessiblefinancialsolutionsincrypto,empoweringuserswithgreatercontrolovertheirassets. Brett(BRETT)isaCulturalIcon Currentprice:$0.1048 Marketcap:$1.04B Brett,themascotofBaseChain,symbolizesthevibrantculturesurroundingdigitalassets.AstheBaseChainecosystemexpands,Brettstandsoutasauniquerepresentationofcommunityspiritwithintheblockchainenvironment.ThisgrowthintheBaseChainsupportsBrettandfostersarobustecosystemwhereinnovativeprojectscanthrive. MogCoin(MOG):TheMemecoinRevolution Currentprice:$0.051866 Marketcap:$728.60M MOGCoindistinguishesitselfasamemecoinwithamissiontodominatetheinternetthroughhumorandviralcontent.Itspassionatecommunitycreatesandsharesendlessmemes,pushingcreativeboundaries.MOGisnotmerelyacoinbutalifestyle,promotingacultureoffunandengagementwithinthecryptocommunity. cryptonewsland.com

AccordingtofilingswiththeUnitedStatesFederalElectionCommission,MarcAndreessenandBenHorowitzeachdonated$2.5milliontoapro-TrumpsuperPACcalledRightForAmerica. TheirsupportforTrumpisbasedonhispoliciesbeingseenasbeneficialtothecryptoindustryandstartups,whichtheycallthe“littletechagenda,”accordingtoaBloombergreportonOct.16. Andreessenalsogaveanadditional$844,600—thefederallimitfordonations—toTrump’scampaignandtheRepublicanParty. DonationsRollingIn Earlierthismonth,HorowitzmadeasurprisingannouncementthathewouldalsobemakingadonationtoVicePresidentKamalaHarris’campaign,however,therehaveyettobeanyrecordsofit.Theventurecapitalistalsodoesn’tknowhercryptopolicies,asshehassaidverylittleabouttheindustry. Inasomewhatbizarremove,Rippleco-founderandchairmanChrisLarsenrecentlycontributed$1millionworthofXRPtokenstoFutureForward,asuperPACsupportingtheHarrispresidentialcampaign,accordingtoCNBC.TheDemocrat-controlledSECsuedthefirmin2020andhasdraggedoutthelegalbattleforthepastfouryears. TheRightForAmericasuperPAChasraised$27.8millionandhad$43.6millioncashonhandforthefinalweeksofthecampaign,reportedBloomberg.ItisfocusingmostofitsspendingintheswingstatesofArizona,Georgia,andPennsylvania. InJuly,Horowitzsaid,“I’mgoingtohavealotoffriendswhoareprobablypissedoffatmeforsayinganythingniceaboutPresidentTrump”beforeaddingthathewastherightchoicefor“littletech.” Additionally,RepublicanbillionaireMiriamAdelsonhasshelledout$95milliontothepro-DonaldTrumpPreserveAmericaPAC.ElonMuskhasalsopledgedfinancialsupporttopro-TrumpsuperPACs. AccordingtoOpenSecrets,RepublicancandidatesleadtheirDemocratcounterpartsintermsofPACdonationsreceivedin2024. CryptoPACPopularity Crypto-focusedsuperPACshavebecomeincreasinglyprominentinrecentyearsasthedigitalassetindustryseekstoinfluencepolicyandregulation. Thesecommitteesoftensupportcandidateswhoareseenasfavorabletocryptointerests,includingthosewhoadvocateforlessstringentregulationofdigitalassets. AccordingtoaPublicCitizenreportinAugust,digitalassetcorporationsarethedominantcorporatepoliticalspendersin2024,with44%ofallsuchmoneycontributedduringthisyear’selections,totaling$274millionsofar,comingfromcryptobackers. Thecryptosector’sFairshakePACanditsaffiliateshaveraisedover$200million,accordingtoOpenSecrets. cryptopotato.com

TimMcCourtofCMEGroupannouncedanXRPreferencerateandindex,apivotalsteptowardestablishinganXRPETF. TheSECreceiveditssecondXRPETFapplicationfromCanaryCapital,reflectinggrowingdemandforcryptoETFs. Brazil’srecentapprovalofaSolanaETFcouldsetaprecedentforfutureUSETFdevelopments,impactingcryptopricessignificantly. ThecryptocurrencyindustryisalreadyexcitedlyanticipatingthepossibleintroductionofXRPandSolanaETFsfollowingthesuccessfullaunchofspotBitcoinandEtherETFs.AttheRippleSwell2024conference,TimMcCourt,seniormanagingdirectoratCMEGroup,declaredthatamajoradvancementinthecreationofanXRPETFhasbeenmade. “WedohaveanXRPreferencerateandareal-timeindex,whichisafirststepinbuildingoutthisecosystem,”McCourtexplained.Henotedthattheestablishmentofover50real-timepricesandreferenceratesiscrucialforproductproviderslikeBitwiseAssetManagement,allowingthemtorefertoafullyregulatedbenchmark. SECApplicationsandMarketLegitimacy ThisdevelopmentcomesontheheelsoftheSecuritiesandExchangeCommission(SEC)receivingitssecondapplicationforanXRPETFfromCanaryCapital,asreportedbyBloombergETFanalystEricBalchunas.InreactiontoBitwiseAssetManagement’spreviousstatement,Canaryhasreleasedastatementdemonstratingtheincreasingdemandforbitcoinexchange-tradedfunds(ETFs). Thetradinglandscapefordigitalassetschangedandtheindustry’slegitimacygrewwiththelaunchofthefirstbitcoinETFsintheUS.McCourthighlightedhowtheintroductionofETFshasboostedthebusinessbysignificantlyraisingtradingvolumeandopeninterest. Withjustan8%gainoverthelastyear,XRPhasstruggledtomakesignificantprogressincomparisontoBitcoin’s154%climb.ThisisinspiteoftheanticipationsurroundingthepotentialXRPETF. TheFutureofSolanaETFs ETFshavehistoricallyhadapositiveandsignificantimpactonthepriceofthecoinonwhichtheyarebased.Nearly75%ofthegrowthinvalueofBitcoinoccurredfromfreshinvestmentsmadeprimarilyfromspotETFsafteritsvaluesurpassed$50,000. InadditiontoXRP,theuncertainpossibilityofaspotSolanaETFhasgeneratedexcitementamonginvestors.WiththeapprovalofitsfirstSolanaETFrecently,Brazilestablishedaprecedentthatmayimpactsimilardevelopmentsinothermarkets.Thoughit’sunclearwhenaUS-basedSolanaETFwouldlaunch,itmightbeabigpricedriverforcryptocurrencies. ThelaunchofETFscontinuestobecrucialindeterminingthedirectionofthecryptocurrencylandscape,asthemarketcloselymonitorstheseevents.WiththeapprovalofitsfirstSolanaETFrecently,Brazilestablishedaprecedentthatmayimpactsimilardevelopmentsinothermarkets.AlthoughtheexactlaunchdateofaUS-basedSolanaETFisunknown,itmightsignificantlyinfluencecryptocurrencyprices. Asthemarketkeepsacloseeyeonthesedevelopments,theintroductionofETFsremainsessentialindefiningthecourseofthecryptocurrencyenvironment. cryptonewsland.com

FractureLabs,thedeveloperoftheonlinegame“Decimated,”hasfiledalawsuitagainstJumpTrading.accusingthefirmofmarketmanipulation,BloombergNewsreportedonOct.16. ThecomplaintallegesthatJumpengagedina“pumpanddump”schemewiththegame’snativetoken,DIO,whichistradedoncryptomarkets. Allegations Accordingtothefiling,FractureLabsplannedtoraisefundsthroughaninitialofferingofDIOonHTX—formerlyHuobi—andhiredJumpasamarketmakerin2021. Aspartoftheiragreement,FractureLabsloaned10millionDIOtokenstoJump’ssubsidiaryandsent6milliontokenstoHTXforthesale. Afterthetoken’spriceclimbedto$0.98,Jumpallegedlyliquidateditsholdings,causingDIOtocrashtolessthanhalfacent.Thefirmthenrepurchasedthetokensatafractionoftheprice,returnedthemtoFractureLabs,andcanceleditsmarket-makingcontract. FractureLabsassertsthatJumpmisrepresenteditsintentionsandviolatedanagreementtomaintainthetoken’spricewithinaspecifiedrangeunderHuobi’slistingconditions.Asaresult,HTXwithheldmostofa$1.5millionTether(USDT)depositmadebyFractureLabs,whichthecompanyisnowseekingthrougharbitration. WhileHTXhasdeclinedtocommentduetoongoinglitigation,itemphasizeditscommitmenttooperatingwithinlegalframeworks. Pastcontroversies ThisisthelatestcontroversyinvolvingJumpCrypto.InthelawsuitmovedbytheUSSecuritiesandExchangeCommission(SEC)againstTerraformLabsinFebruary2023,theregulatorstateditsbeliefthatJumpwas“instrumental”inthedownfalloftheUSTstablecoin,USTC. AlthoughJumpisnotadefendantintheTerraformLabscase,theregulatorstatedthatwhenUSTlostparitywiththeUSdollarforthefirsttimeinMay2021,JumpallegedlyhelpedTerraformLabsreestablishthepeg. InJune,theUSCommodityFuturesTradingCommission(CFTC)reportedlystartedinvestigatingJump’sactivitiesinthecryptomarket.However,theregulator’sprobedoesnotimplyanymisconductbythemarketmaker. cryptoslate.com

ThetransitionbyGrayscaletotransformitsdigitallarge-capfundintothemulti-assetETFthatincludesBitcoin,Ether,Solana,andXRPrepresentsthenextmajordevelopmentofcryptoinvestmentproducts. ItcouldalsoworkinfavorofthecompanywhenitcomestoapprovalfromtheSEC,giventhelatter’spasttrendofembracinghighlyliquidassets. Despitethis,marketsentimenthasalreadysignaledachangetothisbybuyingintoproductssuchasGrayscalewherethediscountonitsfundshasalreadystartedtonarrow. Grayscale’slatestactioninthecryptomarketisnewsasthecompanyaimstolaunchanewmulti-assetETF.ItwasonlyinFebruarythatGrayscaleunveileditsnewcryptoproduct:theBitcoinFuturesETF.TheproposedETFwouldsupposedlyconsistofspotBitcoin,Ether,Solana,andXRP,whichcouldbetransformativeinthismarketforcryptocurrencies.ThispotentialofferingwouldbecreatedthroughtheconversionofGDLC’sexistingholdingthatistheDigitalLargeCapFund:Itcontainedabasketofthelargestcoins. GrayscaleislookingtoputoutthefirstETFthatwillholdspotbitcoin,ether,solanaandXRPbyconvertingGDLC.Isthisposs?Maybe.Bcbtcandethermakeupover90%ofholdings(seebelow)andthere\'swiggleroomforETFtohavesmallportionofilliquidassetsitmaywell…https://t.co/g7E2hN0tVZpic.twitter.com/SKzs7shFQF —EricBalchunas(@EricBalchunas)October16,2024 PotentialApprovalforGrayscale’sCryptoETF Grayscale’sGDLChasover90%ofitsassetsinvestedinBeTCPandEther,thetwomostsought-afterandliquidcoinsinthemarket.ThisfocusonhigherliquidityassetsmayimproveitslikelihoodofhavingtheETFconversionsanctionedbytheU.S.SecuritiesandExchangeCommission(SEC).TheSEChasalwaysbeenmorecautiouswithproductsthatinvestinlessliquidsecurities,withsomeshadesofflexibilitytoallowETFsinvestingincertainportionsofilliquidsecurities. APossibleLeapintheETFRaceandInvestorSentiment IfGrayscaleisabletoconvertitsGDLCtoanETFthatinvestsinBitcoin,Ether,SolanaandXRP,thenitbecomesaformidableplayer.ThecompetitionintheETFmarketincreasesconstantly,andatthemomentanumberofcompaniesaretryingtolaunchthefirstmulti-assetcryptoETF.ShouldtheGrayscaleapprovalhappen,thecompanycouldoutrunotherfirmsintoofferingthefirstcombinedcryptoETFthatincludesabasketofdigitalcurrencies. MarkethasreactedtothisnewsandasevidencedbythedeclineinthediscountonGrayscale’sfunds.ItisveryclearforsomeinvestorstothinkthatthisETFconversioncouldgetapprovalhenceslightlyencouragingthediscounttofall.Still,thefutureoftheproposedETFisquiteunpredictablesincedigitalassetsthemselveshaveratherambiguouslegalstatusatthemoment. cryptonewsland.com

JuanTacurihasbeensentencedtoamaximumof240monthsforhisroleintheForcountPonzischeme. TacuriwasaseniorpromoterintheForcountPonzischemethatdefraudedthousandsofinvestors,primarilyinSpanish-speakingcommunities,accordingtocourtdocuments.TheU.S.DistrictCourtfortheSouthernDistrictofNewYork,underJudgeAnalisaTorres,deliveredthemaximumsentenceforhisroleinthecrypto-basedfraud. Tacuri,46,wasorderedtopayover$3.6millioninrestitutionandforfeitahomeinFloridathatwaspurchasedwithstolenfunds. Cryptofrauddetails Forcount,laterknownasWeltsys,falselyclaimedtoengageincryptominingandtrading.Tacuriandotherpromoterstoldinvestorstheycouldguaranteedailyreturnsanddoubletheirinvestmentswithinsixmonths. However,thecompanywasnotinvolvedinanylegitimatecryptoactivities.Instead,ForcountoperatedasaclassicPonzischeme,usingnewinvestmentstopayoffearlierparticipantswhileitspromotersenrichedthemselves. Update:Fourmonthsafterhisguiltyplea,JuanTacurihasbeensentencedto240monthsinprisonandorderedtoforfeit$3,610,718.67andtitletoahomeinFloridahepurchasedinpartwithForcountVictimfunds.CryptoCriminals:https://t.co/ExLjXQJArQhttps://t.co/xwFIZSiveC —InnerCityPress(@innercitypress)October16,2024 Victimswereprimarilyworking-class,Spanish-speakingindividuals.TacuritraveledacrosstheUnitedStates,hostingeventstoattractmoreinvestors.Theseexpos,rangingfromsmallcommunitygatheringstolarger-scaleevents,featuredTacuriboastingabouthisfinancialsuccessandpromotingForcount’sproducts. Investorswereledtobelievetheywouldachievefinancialfreedomthroughtheseinvestments. Despitemountingcomplaintsasearlyas2018,wheninvestorsdiscoveredtheycouldnotwithdrawfunds,Tacuriandotherpromoterscontinuedtopushthescheme. Youmightalsolike:Trustissues:Cancryptoregulationstopthosewho‘bamboozleanddefraud’? ‘Mindexcoin’ Toaddressliquidityissues,theschemeintroducedproprietarytokenscalled“Mindexcoin,”claimingtheywouldholdvalue.Thesetokensultimatelybecameworthless,leadingtofurtherlosses. Tacuri’ssentence,whichincludesoneyearofsupervisedrelease,followsimpactstatementsfrommorethan20victimsduringthesentencing. U.S.AttorneyDamianWilliamsemphasizedthatTacuri’sactionswereaclearcaseoffrauddisguisedascutting-edgecryptoinvesting.“Frauddoesnotpay,”Williamsstated. crypto.news

TopU.S.-listedBitcoinminershaveincreasedtheirownershipoftheglobalnetworkhashrate,pushingtheirsharetonewheightsthisyear,accordingtoanewreport. Roughly14publicly-listedBitcoinminersintheU.S.controlarecord28.9%ofthenetwork,analystsatinvestmentbankinggiantJ.P.MorganwroteinaninvestornoteonWednesday. ThehashratereferstotheamountofcomputationalpowerusedtomintnewcoinsandkeeptheBitcoinnetworksecure. ItcomesastopU.S.cryptominingstocks“ralliedoverthefirsttwoweeksofOctober,”withthosecompaniesbeingvaluedlowerthanusualcomparedtotheirpotentialrewardsinBitcoin,makingthemanattractiveinvestmentaheadoftheupcomingelectionnextmonth,thebanksaid. Investorscangainexposuretothecryptobyinvestingincompanieslikeminersinsteadofinvestingdirectlyintotheassetclass,whichhasbeenthepreferredchoiceamongsomelargerplayersbeforetheadventofU.S.-basedspotBitcoinexchange-tradedfundsthisyear. TheanalystssaidtheincreasedshareinhashrateintheU.S.was“encouragingandspeakstotheefficiencyandfundingadvantagesofsomepublicoperators.” ItcomesafterthebanknotedlastmonththatwhileprofitsweregettingsqueezedforpublicBitcoinminers,theirdominanceofthebiggestcoin’shashratewasgrowing. TopU.S.Bitcoinminers—CleanSpark,IREn,andMarathonDigital,tonamejustthree—arealllistedonU.S.stockexchanges. IntheBitcoinworld,expensivemachinesmakehashcomputations—knownashashing—toturndataintoafixed-lengthstringofcharacters. TheprocessisneededtodothingsontheBitcoinnetwork,likecreateprivatekeyssouserscanmaketransactions. Theaggregatehashratefortheworld’slargestcryptowaspreviouslyconcentratedinChina.Followingthecountry’sbanonBitcoinmininginMay2021,companieswereforcedtomoveelsewheretosetuptheiroperations. Sincethen,NorthAmericahasbecomethemostdominantplayerintheBitcoinminingspace,includingsomepartsofAsia. EditedbySebastianSinclair decrypt.co

BandProtocolhasrecentlyconnectedwiththeMinatoTestnetofSoneium,anEthereumLayer2platformcreatedbySonyBlockSolutionsLabs.WithBandOraclesettosupportfurthertokensasdemandrises,developerscaneasilycombinepricefeedsforpopularsymbolssuchasBTC,ETH,USDT,andUSDConSoneiumMinato. 💬ReadytodiveintoWeb3withBand&Soneium?Jointhecommunities,getsupport,andstayuptodate! 📖Readthefullblog:https://t.co/3dPxBYBK0I —BandProtocol(@BandProtocol)October16,2024 SoneiumisanEthereumLayer2blockchainusingahigh-performance,developer-friendlyenvironmentmeanttomainstreamWeb3technology.BuiltontheOPStackofOptimism,SoneiumpreservesEthereum’shigh-securitystandardswhileenablingquick,cheaptransactions.TheMinatoTestnetprovidesavirtualenvironmentfordeveloperstodesign,test,anddeployprograms,particularlyincreator-orientedfieldslikeNFTs,gaming,andentertainment. MoreAbouttheBandProtocolxSoneiumMinatoPartnership ThispartnershipaddsBandOracle’sstrongcapabilitiestoSoneium’sdevelopercommunity,enablingthesmoothintegrationofpricedataintodAppsacrossgaming,DeFi,andNFTs. CombiningBandProtocol’sstrongdatainfrastructurewithSoneium’sscalableblockchaintechnologyimprovesSoneium’sdevelopercapacity.Itopensthepathformoredependable,safe,andscalabledistributedapps—enablingthechangefromWeb2toWeb3. MoreTokensSupport,Real-timePriceFeeds&More BandProtocolallowsSoneium’sMinatoTestnetdeveloperstoaccesstheBandStandardDataset,whichprovidesreal-time,consistentoff-chaindataforsmartcontracts.Withgreatfrequencyandvariationcustomization,thiscoverssupportforimportantpricesymbols,includingBTC,ETH,USDC,andUSDT.Soneiumdeveloperscanusereliablemarketdataforvariousdecentralizedapplications,especiallyinDeFiPlatforms. Real-timepricefeedsfromBandProtocolimprovethefunctionalityofDeFiappsbyallowingfeaturessuchasliquidationsandderivativeswithcorrectdataforthesupportedcryptocurrencies.Theecosystemcanincludemorepricingsymbolstosatisfyusers’expandingneedsaswellasdevelopers’. AboutBandiumProtocol BandProtocolisacross-chaindataoracleplatformthataimstobuildhigh-qualitysuitesofWeb3developmentproducts.Itprovidesreliable,secure,andreal-timedatatosmartcontractsonvariousblockchainnetworks.Itwasdesignedtoaddressthegrowingdemandforaccurateandtimelydataforblockchain-basedapplications. blockchainreporter.net

ConduitLaunchesNewG2Sequencer,ClaimingCapabilityof50-100Mgas/s On-chaincomputingcompanyConduithaslaunchedthenewG2Sequencer,describingitasa\"10xmorepowerfulsequencerthanexistingversionsforrollupframeworks,providing100xthecomputingofEthereumandenablingblockchainappstorunfasterwithnoadditionalcosts,\"accordingtotheteam:\"SophisticatedappslikeWeb3games,DeFiprotocolsandsocialappsstruggletooperateon-chainduetocomputationallimitations.G2enablesthedevelopmentofcomplexapplications,withexistingframeworks.Itsustainsultra-highthroughputwhenuseractivityspikes,ensuringon-chainappsmaintainperformanceandstayaffordable.\"Accordingtoablogpost,thenewsequenceriscapableof50-100Mgas/s. Dynex,BlockchainforQuantumComputing,UnveilsRoadmap,Plans2025ReleaseofApolloChip Dynex,alayer-1blockchainfordecentralizedquantumcomputing,poweredbyadecentralizedGPUnetwork,hasunveiledwhatitdescribesasan\"ambitious10-yearroadmaptotransitionfromGPU-basedquantumemulationtosiliconquantumchips,aimingtocapture25%ofthequantumcomputingmarketby2034.\"Accordingtotheteam,\"Thecompanyhaslauncheda$50millionventurecapitalroundtoattracttop-tierinvestors.DynexplanstoreleaseitsfirstApolloSiliconQuantumChipby2025,scalingupto1millionqubitsby2034toenablereal-timequantumcomputations.Upholdingethicalstandards,Dynexensurestransparencyandsecuritybyrecordingcomputationsimmutablyontheblockchain,withDNXasitsutilitytoken.\"Theprojectdocumentationstates:\"Thecompany\'sdecentralizedquantumplatform,combinedwithitssilicon-basedhardwaresolutions,representsafuture-proofapproachtoquantumcomputing.\"Theprojectfocuseson\"neuromorphicquantumcomputing,\"which\"utilizesiondriftingofelectrons,\"accordingtothewebsite. Hermetica,CreatorofBitcoin-BackedStablecoinonStacks,Secures$1.7MinSeedRound Hermetica,creatorofthebitcoin-backedyield-bearingstablecoinUSDh,hassecured$1.7millioninaseedfundingroundledbyUTXOManagement,withadditionalsupportfrominvestorsincludingCMSholdings,Ethosfund,accordingtotheteam.AsreportedinProtocolVillageonSept.26,theprojectlaunchedUSDhontheStackslayer-2network,claimingtobefirsttomarketwiththebitcoin-backedstablecoin. NewFoundation\'ExponentialScience\'toExploreConvergenceofBlockchain,AI,QuantumComputing AcademicsPaoloTascaandNikhilVadgamahavefoundedExponentialScience,anon-profitfoundationsupportedbyHederathataimstoacceleratetheconvergenceofblockchainwithAIandotheremergingtechnologies,accordingtotheteam:\"Throughcollaboration,ExponentialScienceseekstotacklecomplexsocietalchallengesanddrivegroundbreakinginnovations.Leveragingtheexpertiseofitsfoundersandateamofinternationalexperts,thefoundationwillconductresearchanddevelopinnovativesolutions,includingthenewMiCACryptoAlliance.\" coindesk.com