Deutsche Telekom Joins Forces With Meta Pool to Pioneer Decentralized AI on NEAR Protocol
Mendoza, Argentina, November 12th, 2024, Chainwire
In a big step for decentralized technology, Deutsche Telekom MMS has partnered with Meta Pool as part of its Enterprise Node Operator (ENO) program, becoming the first telecommunications giant to operate a validator node on the NEAR blockchain. This collaboration not only enhances NEAR’s network security and decentralization but also signals a new era of enterprise-driven blockchain adoption, powered by Meta Pool.
Bitcoin Set to Breach $85,000 Before Targeting $100,000
Bitcoin is trading at unprecedented levels, nearing a potential six-figure valuation following Donald Trump’s recent win in the U.S. presidential election.
On Nov. 11, Bitcoin’s price surged past $82,410 at 10:19 am UTC, according to Bitstamp data, setting a new record.
Ryan Lee, chief analyst at Bitget Research, suggests this could be a brief stop before Bitcoin advances further, possibly reaching $85,000 within the week.
Lee told Cointelegraph: “This week, we expect the volatility of BTC an
MicroStrategy’s Bitcoin Holdings Jump Over $20 Billion Amid Rally
MicroStrategy’s Bitcoin holdings have surged in value to over $20 billion as Bitcoin’s price climbed above $80,000.
The company now holds 252,200 Bitcoin, valued at $20.5 billion, which represents a 104% gain on its total Bitcoin investment, according to the “Saylor Tracker,” named after MicroStrategy’s executive chairman, Michael Saylor.
Data from BitcoinTreasuries shows that MicroStrategy has acquired Bitcoin through 42 purchases, averaging a cost of $39,292 per Bitcoin.
Elon Musk Endorses Call to End the Federal Reserve
Elon Musk appeared to endorse a call to end the Federal Reserve after sharing a tweet from Utah Senator Mike Lee, who advocated for more executive oversight of U.S. monetary policy and abolishing the central bank.
Lee argued that Federal Reserve Chair Jerome Powell’s recent statement—that he would not resign, even if requested by incoming President Donald Trump—showed a system beyond executive control. Lee wrote:
“The Executive Branch should be under the direction of the president. That’s how
Polymer Launches Real-Time Interoperability for Ethereum Rollups
New York City, New York, November 11th, 2024, Chainwire
Polymer Labs has officially launched Polymer Hub, a real-time interoperability protocol for connecting all Ethereum rollups. By streaming messages, states, and logs over IBC primitives (equivalent to Web2’s TCP/IP), Polymer Hub verifies and stores the headers of all connected rollups, allowing applications to prove any arbitrary state across rollups at vastly reduced overhead.
Rollup/L2 ecosystems have historically connected only within