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Building WEMIX3.0: an experience-based, platform-driven and service-oriented blockchain mega-ecosystem with intuitive, convenient, and easy-to-use Web3 dApps.
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Google Play’s Best of 2024: Celebrating Asia-Pacific’s Creativity
Play’s 2024 Best of Awards honored the year’s most creative apps and games. Developers from Asia-Pacific took home over 60% of the awards—a testament to the creativity coming from the region, powered by millions of Android developers.
✨ Korean developers won nearly a fifth of gaming honors, further cementing their position as global leaders in the app and gaming industries.
Key Highlights:
🎮 Gaming Excellence – Asia-Pacific developers claimed 62% of gaming awards handed out in the United States, Japan, Korea, India, Indonesia, and Taiwan. FARLIGHT's AFK Journey earned Best Game for its stunning visuals and immersive fantasy world. Devsisters' CookieRun: Tower of Adventures won Best for Google Play Games on PC, delighting players with adventurous gameplay across mobile and web platforms.
📱 Entertainment Innovation – Asia-Pacific developers picked up a third of the global awards in the entertainment apps category, with China and Korea emerging as powerhouses, particularly with mobile-friendly, short-form content. China’s DramaBox - Stream Drama Shorts (Best for Fun) and Korea’s Vigloo - Premier Short Dramas (Best Hidden Gem) showcase the rising popularity of drama shorts. Did you know? 85% of monthly active users of Korean-developed apps were based overseas in 2023.
🤖 AI-Powered Applications – The integration of AI is transforming app experiences, with nearly 1,000 apps and games in India utilizing AI technology.
At WEMIX, we are proud to be part of this dynamic wave driving app innovation. This year’s awards highlight how the region’s creativity inspires the world—pushing boundaries, redefining genres, and setting new standards for excellence.
More over Google https://blog.google/around-the-globe/google-asia/best-of-play-2024/
Which award-winning app or game are you most excited about? Share your thoughts below! 👇
Play’s 2024 Best of Awards honored the year’s most creative apps and games. Developers from Asia-Pacific took home over 60% of the awards—a testament to the creativity coming from the region, powered by millions of Android developers.
✨ Korean developers won nearly a fifth of gaming honors, further cementing their position as global leaders in the app and gaming industries.
Key Highlights:
🎮 Gaming Excellence – Asia-Pacific developers claimed 62% of gaming awards handed out in the United States, Japan, Korea, India, Indonesia, and Taiwan. FARLIGHT's AFK Journey earned Best Game for its stunning visuals and immersive fantasy world. Devsisters' CookieRun: Tower of Adventures won Best for Google Play Games on PC, delighting players with adventurous gameplay across mobile and web platforms.
📱 Entertainment Innovation – Asia-Pacific developers picked up a third of the global awards in the entertainment apps category, with China and Korea emerging as powerhouses, particularly with mobile-friendly, short-form content. China’s DramaBox - Stream Drama Shorts (Best for Fun) and Korea’s Vigloo - Premier Short Dramas (Best Hidden Gem) showcase the rising popularity of drama shorts. Did you know? 85% of monthly active users of Korean-developed apps were based overseas in 2023.
🤖 AI-Powered Applications – The integration of AI is transforming app experiences, with nearly 1,000 apps and games in India utilizing AI technology.
At WEMIX, we are proud to be part of this dynamic wave driving app innovation. This year’s awards highlight how the region’s creativity inspires the world—pushing boundaries, redefining genres, and setting new standards for excellence.
More over Google https://blog.google/around-the-globe/google-asia/best-of-play-2024/
Which award-winning app or game are you most excited about? Share your thoughts below! 👇
We’re ecstatic to share that WEMIX has made it to the Top 10 GameFi Coins by Market Cap Growth this week! 🎮💎
This recognition highlights the power of our community and the innovation driving WEMIX forward. Together, we’re shaping the future of gaming and blockchain!
Thank you to everyone who believes in the vision. Let’s keep the momentum going! 💥
#CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update #NewsAboutCrypto
This recognition highlights the power of our community and the innovation driving WEMIX forward. Together, we’re shaping the future of gaming and blockchain!
Thank you to everyone who believes in the vision. Let’s keep the momentum going! 💥
#CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update #NewsAboutCrypto
Nov 17 Performance Highlights:
- 24-Hour Gain: +25.64%
- Market Position: Bullish sentiment with a Fear & Greed Index at "Extreme Greed" (90).
- Technical Indicators: Trades below the 200-day SMA (-28.20%) with an RSI of 68.17, signaling possible sideways trading.
#CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update #NewsAboutCrypto
- 24-Hour Gain: +25.64%
- Market Position: Bullish sentiment with a Fear & Greed Index at "Extreme Greed" (90).
- Technical Indicators: Trades below the 200-day SMA (-28.20%) with an RSI of 68.17, signaling possible sideways trading.
#CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update #NewsAboutCrypto
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InsideBitcoins
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Next Cryptocurrency to Explode, November 17 — Wemix, Raydium, Kava, The Sandbox
Earning significant ROI in a bull market could mean paying attention to the meme coins and Altcoins with explosive potential. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets.
Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future.
Next Cryptocurrency To Explode
Experts suggest investors are more likely to discover the next booming crypto among upcoming projects. With this in mind, they should consider the potential of the new presale coin, Flockerz (FLOCK). FLOCK is a new meme coin that offers a unique vote-to-earn reward system, fosters strong community connections, and provides attractive staking benefits. The Flockerz team has already raised $700,000. Further details about the project and its future outlook are shared below.
1. Wemix (WEMIX)
WEMIX has demonstrated a remarkable 25.64% increase in the past 24 hours. Moreover, its market cap and daily trading volume have risen, suggesting a positive short-term trend. Despite this surge, the token trades 28.20% below its 200-day Simple Moving Average (SMA). Furthermore, its 14-day Relative Strength Index (RSI) of 68.17 indicates a neutral stance, potentially leading to sideways trading. Notably, WEMIX price prediction sentiment remains bullish, and the Fear & Greed Index currently shows a score of 90, signaling “Extreme Greed.”
WEMIX powers a decentralized blockchain protocol that supports a robust Web 3.0 ecosystem. Its WEMIX3.0 mainnet, built with compatibility with Ethereum Virtual Machine (EVM), employs a stake-based proof of authority (SPoA) consensus mechanism. This approach ensures fast transactions and enhanced security. Additionally, governance on the network is managed by 40 Node Council Partners (NCP), making the WEMIX token critical for transactions and gas fees.
The WEMIX ecosystem offers various platforms that enrich its Web3 environment. WEMIX Play is a play-and-earn gaming platform that seamlessly integrates payments into games. Similarly, NILE uses DAO-driven smart contracts to manage diverse projects, while WEMIX.Fi delivers DeFi services with low fees and high transaction speeds.
To maintain stability, WEMIX$ is a fully collateral-backed stablecoin that supports ecosystem growth. Meanwhile, the WEMIX Wallet gives users complete control over asset management, and WEMIX Explorer allows for detailed blockchain activity tracking. However, a recent pause in WEMIX.Due to concerns about WEMIX$ liquidation processes, Fi’s lending and borrowing services have raised questions. Updates on this situation are eagerly awaited.
2. Raydium (RAY)
Over the past week, Solana’s decentralized exchange (DEX) ecosystem has achieved a significant milestone, surpassing $5 billion in daily trading volume. Moreover, data from DeFiLlama reveals that total transactions on Solana’s DeFi platforms exceeded $16 billion from November 10 to today. This growth highlights the expanding significance of Solana’s DeFi landscape. Raydium accounted for nearly 60% of these transactions, cementing its position as Solana’s largest DEX. With its strong liquidity and seamless trading experience, Raydium continues to enhance confidence in Solana’s DeFi projects.
Raydium’s outstanding performance has surged by 158.47% over the past month. On November 9, it climbed for four consecutive days to reach a 34-month high of $5.97, making it the top-performing asset of the month. This rally pushed its market cap to over $1.55 billion, delivering significant returns for investors. One trader even reported gains of over 28.5x since July 2023.
The rally was further fueled by Coinbase’s announcement to list RAY perpetual futures on its International Exchange and Advanced platforms, with the launch set for November 14. Such listings on tier-1 exchanges like Coinbase often generate excitement among traders, typically leading to price increases for the associated tokens.
Additionally, Raydium’s growth aligns with its increasing presence within the Solana ecosystem. Since mid-October, the protocol has averaged between $2 million and $3.5 million daily fees. These positive developments have made RAY a top-trending altcoin on CoinGecko. The crypto community has shown overwhelming support, with 91% of 5,571 traders on CoinMarketCap expressing bullish sentiment toward the altcoin.
3. Flockerz (FLOCK)
The meme coin space is buzzing with excitement as Flockerz ($FLOCK) surpasses $2 million in presale funding. Known as the “People’s Meme Coin,” Flockerz stands out with a unique feature—a fully community-driven model. Moreover, its vote-to-earn (V2E) mechanism rewards users with crypto incentives for participating in governance by casting votes on crucial project decisions.
Since its presale launch in September, Flockerz has gained significant investor attention, signaling strong support for its innovative approach. Furthermore, $FLOCK holders earn additional tokens by voting on critical decisions, such as protocol updates, budget plans, tokenomics changes, grants, and investment strategies. This system allows the community to shape the project’s future.
By putting governance entirely in the hands of its holders, Flockerz is the first meme coin to embrace decentralized decision-making. This transparent and inclusive model rewards participation and reduces risks associated with traditional developer-led projects. Unlike typical launches on platforms like Solana’s Pump.fun, Flockerz minimizes the chances of developers abandoning the project, offering investors a more secure structure.
As the first meme coin to implement the V2E model, Flockerz could redefine industry standards. This approach may inspire other meme coins to adopt similar transparency and community-driven frameworks, potentially benefiting the entire sector. If successful, Flockerz could earn the same pioneering status that $DOGE enjoys today.
Currently, investors can purchase $FLOCK for $0.0060289. However, the price is expected to increase soon, making this a timely opportunity for those interested in joining the project. With its innovative model and strong community focus, Flockerz is well-positioned to leave a lasting mark on the meme coin world.
Buy FLOCK Tokens Here
4. Kava (KAVA)
Kava is a Layer-1 blockchain that blends Cosmos’s speed and interoperability with Ethereum’s developer-friendly tools. Built from the ground up, Kava is designed to maximize protocol growth using Cosmos EVM technology, which ensures scalability, speed, security, and robust developer support.
A major attraction for developers is the Kava Rise program, which offers a $750 million incentive fund. Through this program, the network’s top protocols earn monthly rewards distributed via a blockchain-based system that reflects actual usage. This approach encourages continuous innovation and active participation in the ecosystem.
KAVA’s price currently sits at $0.4528, marking a 10.53% increase in the last 24 hours. Its market cap has also grown to $490.27 million, reflecting the same percentage gain. Impressively, KAVA’s 24-hour trading volume surged by 519.31%, reaching $132.54 million. The token’s bullish price prediction sentiment and a Fear & Greed Index score of 90 (Extreme Greed) indicate rising optimism and increased token transactions.
KAVA AI announces launch of first decentralized AI model to compete with ChatGPT at Devcon! pic.twitter.com/npV10VWs6W
— Kava (@KAVA_CHAIN) November 16, 2024
KAVA’s strong fundamentals position it for significant growth. If the project announces collaborations with other networks, its price could exceed $1.52 by 2024. Furthermore, a sustained bullish crypto market could see the token’s average price rise to $2.19 this year. On the downside, a bearish trend might push its minimum value to around $2.99 in 2024.
5. The Sandbox (SAND)
The Sandbox, launched in 2011 by Pixowl, is a blockchain-based virtual world that lets users create, build, buy, and sell digital assets within a gaming environment. The platform fosters a thriving and decentralized gaming community by combining decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs).
According to its whitepaper, The Sandbox aims to bring blockchain technology into mainstream gaming. It focuses on a creative “play-to-earn” model, where users can simultaneously be creators and players. The platform uses the SAND utility token for transactions to enable this, enhancing the overall gaming experience.
At press time, SAND’s price is $0.3578, reflecting an 8.28% increase in the last 24 hours. Additionally, its market cap has grown to $856.66 million, matching the percentage gain. Trading activity has also surged, with the 24-hour volume climbing 98.62% to $536.89 million.
SAND’s strong fundamentals suggest significant growth potential. If the project announces partnerships with other networks, its price could surpass $0.952 by December. Moreover, in a bullish crypto market, the token’s average price could rise to $1.19 by the end of the year. On the downside, a bearish market could see its minimum value dip to $0.092 in 2024.
Read More
Next Big Crypto Breakout for 2024
Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also included in the post is an overview of the market trend of crypto assets, which have the potential to post significant gains in the future.
Next Cryptocurrency To Explode
Experts suggest investors are more likely to discover the next booming crypto among upcoming projects. With this in mind, they should consider the potential of the new presale coin, Flockerz (FLOCK). FLOCK is a new meme coin that offers a unique vote-to-earn reward system, fosters strong community connections, and provides attractive staking benefits. The Flockerz team has already raised $700,000. Further details about the project and its future outlook are shared below.
1. Wemix (WEMIX)
WEMIX has demonstrated a remarkable 25.64% increase in the past 24 hours. Moreover, its market cap and daily trading volume have risen, suggesting a positive short-term trend. Despite this surge, the token trades 28.20% below its 200-day Simple Moving Average (SMA). Furthermore, its 14-day Relative Strength Index (RSI) of 68.17 indicates a neutral stance, potentially leading to sideways trading. Notably, WEMIX price prediction sentiment remains bullish, and the Fear & Greed Index currently shows a score of 90, signaling “Extreme Greed.”
WEMIX powers a decentralized blockchain protocol that supports a robust Web 3.0 ecosystem. Its WEMIX3.0 mainnet, built with compatibility with Ethereum Virtual Machine (EVM), employs a stake-based proof of authority (SPoA) consensus mechanism. This approach ensures fast transactions and enhanced security. Additionally, governance on the network is managed by 40 Node Council Partners (NCP), making the WEMIX token critical for transactions and gas fees.
The WEMIX ecosystem offers various platforms that enrich its Web3 environment. WEMIX Play is a play-and-earn gaming platform that seamlessly integrates payments into games. Similarly, NILE uses DAO-driven smart contracts to manage diverse projects, while WEMIX.Fi delivers DeFi services with low fees and high transaction speeds.
To maintain stability, WEMIX$ is a fully collateral-backed stablecoin that supports ecosystem growth. Meanwhile, the WEMIX Wallet gives users complete control over asset management, and WEMIX Explorer allows for detailed blockchain activity tracking. However, a recent pause in WEMIX.Due to concerns about WEMIX$ liquidation processes, Fi’s lending and borrowing services have raised questions. Updates on this situation are eagerly awaited.
2. Raydium (RAY)
Over the past week, Solana’s decentralized exchange (DEX) ecosystem has achieved a significant milestone, surpassing $5 billion in daily trading volume. Moreover, data from DeFiLlama reveals that total transactions on Solana’s DeFi platforms exceeded $16 billion from November 10 to today. This growth highlights the expanding significance of Solana’s DeFi landscape. Raydium accounted for nearly 60% of these transactions, cementing its position as Solana’s largest DEX. With its strong liquidity and seamless trading experience, Raydium continues to enhance confidence in Solana’s DeFi projects.
Raydium’s outstanding performance has surged by 158.47% over the past month. On November 9, it climbed for four consecutive days to reach a 34-month high of $5.97, making it the top-performing asset of the month. This rally pushed its market cap to over $1.55 billion, delivering significant returns for investors. One trader even reported gains of over 28.5x since July 2023.
The rally was further fueled by Coinbase’s announcement to list RAY perpetual futures on its International Exchange and Advanced platforms, with the launch set for November 14. Such listings on tier-1 exchanges like Coinbase often generate excitement among traders, typically leading to price increases for the associated tokens.
Additionally, Raydium’s growth aligns with its increasing presence within the Solana ecosystem. Since mid-October, the protocol has averaged between $2 million and $3.5 million daily fees. These positive developments have made RAY a top-trending altcoin on CoinGecko. The crypto community has shown overwhelming support, with 91% of 5,571 traders on CoinMarketCap expressing bullish sentiment toward the altcoin.
3. Flockerz (FLOCK)
The meme coin space is buzzing with excitement as Flockerz ($FLOCK) surpasses $2 million in presale funding. Known as the “People’s Meme Coin,” Flockerz stands out with a unique feature—a fully community-driven model. Moreover, its vote-to-earn (V2E) mechanism rewards users with crypto incentives for participating in governance by casting votes on crucial project decisions.
Since its presale launch in September, Flockerz has gained significant investor attention, signaling strong support for its innovative approach. Furthermore, $FLOCK holders earn additional tokens by voting on critical decisions, such as protocol updates, budget plans, tokenomics changes, grants, and investment strategies. This system allows the community to shape the project’s future.
By putting governance entirely in the hands of its holders, Flockerz is the first meme coin to embrace decentralized decision-making. This transparent and inclusive model rewards participation and reduces risks associated with traditional developer-led projects. Unlike typical launches on platforms like Solana’s Pump.fun, Flockerz minimizes the chances of developers abandoning the project, offering investors a more secure structure.
As the first meme coin to implement the V2E model, Flockerz could redefine industry standards. This approach may inspire other meme coins to adopt similar transparency and community-driven frameworks, potentially benefiting the entire sector. If successful, Flockerz could earn the same pioneering status that $DOGE enjoys today.
Currently, investors can purchase $FLOCK for $0.0060289. However, the price is expected to increase soon, making this a timely opportunity for those interested in joining the project. With its innovative model and strong community focus, Flockerz is well-positioned to leave a lasting mark on the meme coin world.
Buy FLOCK Tokens Here
4. Kava (KAVA)
Kava is a Layer-1 blockchain that blends Cosmos’s speed and interoperability with Ethereum’s developer-friendly tools. Built from the ground up, Kava is designed to maximize protocol growth using Cosmos EVM technology, which ensures scalability, speed, security, and robust developer support.
A major attraction for developers is the Kava Rise program, which offers a $750 million incentive fund. Through this program, the network’s top protocols earn monthly rewards distributed via a blockchain-based system that reflects actual usage. This approach encourages continuous innovation and active participation in the ecosystem.
KAVA’s price currently sits at $0.4528, marking a 10.53% increase in the last 24 hours. Its market cap has also grown to $490.27 million, reflecting the same percentage gain. Impressively, KAVA’s 24-hour trading volume surged by 519.31%, reaching $132.54 million. The token’s bullish price prediction sentiment and a Fear & Greed Index score of 90 (Extreme Greed) indicate rising optimism and increased token transactions.
KAVA AI announces launch of first decentralized AI model to compete with ChatGPT at Devcon! pic.twitter.com/npV10VWs6W
— Kava (@KAVA_CHAIN) November 16, 2024
KAVA’s strong fundamentals position it for significant growth. If the project announces collaborations with other networks, its price could exceed $1.52 by 2024. Furthermore, a sustained bullish crypto market could see the token’s average price rise to $2.19 this year. On the downside, a bearish trend might push its minimum value to around $2.99 in 2024.
5. The Sandbox (SAND)
The Sandbox, launched in 2011 by Pixowl, is a blockchain-based virtual world that lets users create, build, buy, and sell digital assets within a gaming environment. The platform fosters a thriving and decentralized gaming community by combining decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs).
According to its whitepaper, The Sandbox aims to bring blockchain technology into mainstream gaming. It focuses on a creative “play-to-earn” model, where users can simultaneously be creators and players. The platform uses the SAND utility token for transactions to enable this, enhancing the overall gaming experience.
At press time, SAND’s price is $0.3578, reflecting an 8.28% increase in the last 24 hours. Additionally, its market cap has grown to $856.66 million, matching the percentage gain. Trading activity has also surged, with the 24-hour volume climbing 98.62% to $536.89 million.
SAND’s strong fundamentals suggest significant growth potential. If the project announces partnerships with other networks, its price could surpass $0.952 by December. Moreover, in a bullish crypto market, the token’s average price could rise to $1.19 by the end of the year. On the downside, a bearish market could see its minimum value dip to $0.092 in 2024.
Read More
Next Big Crypto Breakout for 2024
WEMIX Championship 2024: A Game-Changer for Golf Fans and Players
The WEMIX Championship 2024 wrapped up this weekend with an electrifying finale in Busan. Here’s what made this event unforgettable:
1. Unparalleled Experiences for Players
From PGA-level accommodations to personalized support for players and their families, the WEMIX Championship left no stone unturned. Participants shared their gratitude, saying the event renewed their energy after a challenging season.
2. Innovative Match Formats
A unique mix of single match play, stroke play, and the newly introduced ‘Team Best’ ranking captivated both players and fans. Winner Min-Seon Kim called it a refreshing challenge, remarking, "It’s thrilling to compete and collaborate in such a dynamic format."
3. Fan-Centric Innovations
Lowered advertising boards for better views and curated fan experiences proved WEMIX prioritizes its audience. One spectator said, "Seeing the players up close added a personal touch that regular tournaments miss."
4. Crypto Rewards Revolution
With a total prize pool of 1 million WEMIX (approx. ₩1.34 billion), this was no ordinary tournament. The transparent and immediate transfer of winnings left players feeling empowered and valued.
The WEMIX Championship doesn’t just elevate golf; it redefines it. The perfect blend of tradition, innovation, and community—a tournament players want to play and fans want to follow.
Here’s to an even bigger and bolder 2025.
Source: https://www.mk.co.kr/en/sports/11170829
#Wemade #Wemix #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity
The WEMIX Championship 2024 wrapped up this weekend with an electrifying finale in Busan. Here’s what made this event unforgettable:
1. Unparalleled Experiences for Players
From PGA-level accommodations to personalized support for players and their families, the WEMIX Championship left no stone unturned. Participants shared their gratitude, saying the event renewed their energy after a challenging season.
2. Innovative Match Formats
A unique mix of single match play, stroke play, and the newly introduced ‘Team Best’ ranking captivated both players and fans. Winner Min-Seon Kim called it a refreshing challenge, remarking, "It’s thrilling to compete and collaborate in such a dynamic format."
3. Fan-Centric Innovations
Lowered advertising boards for better views and curated fan experiences proved WEMIX prioritizes its audience. One spectator said, "Seeing the players up close added a personal touch that regular tournaments miss."
4. Crypto Rewards Revolution
With a total prize pool of 1 million WEMIX (approx. ₩1.34 billion), this was no ordinary tournament. The transparent and immediate transfer of winnings left players feeling empowered and valued.
The WEMIX Championship doesn’t just elevate golf; it redefines it. The perfect blend of tradition, innovation, and community—a tournament players want to play and fans want to follow.
Here’s to an even bigger and bolder 2025.
Source: https://www.mk.co.kr/en/sports/11170829
#Wemade #Wemix #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity
40% of Japan’s Mobile Game Firms Are Rejecting Apple & Google’s High Fees—Here's How
Tech giants Apple and Google have long been the gatekeepers of in-app payments. But in Japan, mobile game developers are saying: "Enough."
According to a Nikkei survey, 12 out of 30 leading developers (40%) have pivoted to web-based payment systems. Why? To bypass the up to 30% fees levied by these platforms.
Here's what’s happening:
1️⃣ Big players are leading the charge: #Konami, #Sony, and #BandaiNamco are offering alternatives.
#Mixi even launched a site for Monster Strike players to buy in-game items with a 5% bonus.
2️⃣ Legislation is on their side:
A new antitrust law coming in 2025 aims to curb Big Tech’s dominance.
3️⃣ Cultural momentum is building:
As one executive put it, "The tide has turned in Japan."
This shift isn’t just about saving costs—it’s about reclaiming power.
Could this be the beginning of a global trend?
[Read more at @Cryptopolitan : https://www.cryptopolitan.com/japan-gaming-firms-reject-apple-and-google-fees-40-choose-web-payments/]
P.S. What are your thoughts on Big Tech's fees? Let’s discuss in the comments.
(Feel free to repost this if you found it insightful!)
Tech giants Apple and Google have long been the gatekeepers of in-app payments. But in Japan, mobile game developers are saying: "Enough."
According to a Nikkei survey, 12 out of 30 leading developers (40%) have pivoted to web-based payment systems. Why? To bypass the up to 30% fees levied by these platforms.
Here's what’s happening:
1️⃣ Big players are leading the charge: #Konami, #Sony, and #BandaiNamco are offering alternatives.
#Mixi even launched a site for Monster Strike players to buy in-game items with a 5% bonus.
2️⃣ Legislation is on their side:
A new antitrust law coming in 2025 aims to curb Big Tech’s dominance.
3️⃣ Cultural momentum is building:
As one executive put it, "The tide has turned in Japan."
This shift isn’t just about saving costs—it’s about reclaiming power.
Could this be the beginning of a global trend?
[Read more at @Cryptopolitan : https://www.cryptopolitan.com/japan-gaming-firms-reject-apple-and-google-fees-40-choose-web-payments/]
P.S. What are your thoughts on Big Tech's fees? Let’s discuss in the comments.
(Feel free to repost this if you found it insightful!)
BlackRock is expanding its $517M BUIDL fund to five new blockchains.
(This could reshape how institutions approach tokenisation in 2024.)
🔍 What you need to know:
1️⃣ New blockchains added: Aptos, Arbitrum, Avalanche, Optimism, and Polygon. This is a significant move beyond Ethereum and Bitcoin, signaling confidence in broader blockchain adoption.
2️⃣ Lower fees on select chains: Investors on Aptos, Avalanche, and Polygon will benefit from a 0.2% fee, compared to 0.5% for Ethereum-based holdings.
3️⃣ The power of tokenisation: BUIDL leverages blockchain to transform dollar-equivalent assets like cash and Treasury bills into digital tokens, enabling faster transactions and daily wallet dividends.
4️⃣ A bold institutional experiment: While Ethereum dominates with $3B in tokenised assets, BlackRock is testing waters on less established blockchains like Aptos and Avalanche.
💡 Why this matters:
Tokenisation is gaining traction. From JPMorgan to State Street, financial giants are exploring blockchain for efficiency. BlackRock’s move could signal a broader shift in institutional strategy toward multi-chain tokenisation.
This could be a game-changer for both DeFi and TradFi.
What’s your take on BlackRock’s move?
👇 Join the conversation in the comments.
#CryptoNewss #CryptoNewsCommunity #Market_Update #BlackRock
(This could reshape how institutions approach tokenisation in 2024.)
🔍 What you need to know:
1️⃣ New blockchains added: Aptos, Arbitrum, Avalanche, Optimism, and Polygon. This is a significant move beyond Ethereum and Bitcoin, signaling confidence in broader blockchain adoption.
2️⃣ Lower fees on select chains: Investors on Aptos, Avalanche, and Polygon will benefit from a 0.2% fee, compared to 0.5% for Ethereum-based holdings.
3️⃣ The power of tokenisation: BUIDL leverages blockchain to transform dollar-equivalent assets like cash and Treasury bills into digital tokens, enabling faster transactions and daily wallet dividends.
4️⃣ A bold institutional experiment: While Ethereum dominates with $3B in tokenised assets, BlackRock is testing waters on less established blockchains like Aptos and Avalanche.
💡 Why this matters:
Tokenisation is gaining traction. From JPMorgan to State Street, financial giants are exploring blockchain for efficiency. BlackRock’s move could signal a broader shift in institutional strategy toward multi-chain tokenisation.
This could be a game-changer for both DeFi and TradFi.
What’s your take on BlackRock’s move?
👇 Join the conversation in the comments.
#CryptoNewss #CryptoNewsCommunity #Market_Update #BlackRock
LIVE
Binance News
--
BlackRock Expands Digital Liquidity Fund Across Multiple Blockchains
According to PANews, BlackRock has announced the expansion of its U.S. Dollar Institutional Digital Liquidity Fund (BUIDL) to include new share classes on several blockchains. These blockchains include Aptos, Arbitrum, Avalanche, Optimism's OP Mainnet, and Polygon. This move marks a significant step in BlackRock's strategy to broaden its digital asset offerings and enhance liquidity options for institutional investors.
The fund was initially launched on the Ethereum network in March 2024 and was tokenized by Securitize. This expansion aims to leverage the unique capabilities of each blockchain to provide a more diversified and robust digital liquidity solution. By incorporating multiple blockchain platforms, BlackRock seeks to offer its clients increased flexibility and access to a wider range of digital assets.
This development reflects the growing trend among major financial institutions to integrate blockchain technology into their operations. As the digital asset market continues to evolve, BlackRock's initiative underscores the importance of innovation and adaptability in meeting the changing needs of investors. The inclusion of these additional blockchains is expected to enhance the fund's performance and appeal to a broader audience of institutional clients.
The fund was initially launched on the Ethereum network in March 2024 and was tokenized by Securitize. This expansion aims to leverage the unique capabilities of each blockchain to provide a more diversified and robust digital liquidity solution. By incorporating multiple blockchain platforms, BlackRock seeks to offer its clients increased flexibility and access to a wider range of digital assets.
This development reflects the growing trend among major financial institutions to integrate blockchain technology into their operations. As the digital asset market continues to evolve, BlackRock's initiative underscores the importance of innovation and adaptability in meeting the changing needs of investors. The inclusion of these additional blockchains is expected to enhance the fund's performance and appeal to a broader audience of institutional clients.
🚀 Vitalik Buterin is reimagining the future of information.
Vitalik’s latest proposal, “info finance,” is about more than just data. It’s a radical shift in how we might capture, validate, and share factual insights, powered by blockchain and AI. Imagine a world where information is a public good—transparent, reliable, and accessible to all.
Here’s the vision he laid out:
1️⃣ Start with Prediction Markets: Platforms like Polymarket enable users to forecast events, creating a valuable source of crowd-sourced data. As Vitalik puts it, “predicting the election is just the beginning.”
2️⃣ Integrate Blockchain & AI: This new “info finance” model uses blockchain to ensure transparency and AI to make information gathering efficient—even with minimal resources. He believes this can provide “reasonably high-quality info” at scale.
3️⃣ Incentivize Trustless Data Sharing: With low transaction fees, blockchain makes info finance affordable, while AI rewards participants for accurate predictions. The goal? Restoring public trust through a truly decentralized, trustless system.
And here’s the kicker: Vitalik’s vision arrives as Ethereum breaks $3,000 for the first time since March. As ETH enters “scarcity mode,” this new concept could amplify its real-world utility beyond financial transactions. 📈
Is “info finance” the next frontier for blockchain and AI? 👇
Read more @Cointelegraph .
#VitalikButerin #ETH🔥🔥🔥🔥 #CryptoNewss #CryptoNews🚀🔥 #Market_Update
Vitalik’s latest proposal, “info finance,” is about more than just data. It’s a radical shift in how we might capture, validate, and share factual insights, powered by blockchain and AI. Imagine a world where information is a public good—transparent, reliable, and accessible to all.
Here’s the vision he laid out:
1️⃣ Start with Prediction Markets: Platforms like Polymarket enable users to forecast events, creating a valuable source of crowd-sourced data. As Vitalik puts it, “predicting the election is just the beginning.”
2️⃣ Integrate Blockchain & AI: This new “info finance” model uses blockchain to ensure transparency and AI to make information gathering efficient—even with minimal resources. He believes this can provide “reasonably high-quality info” at scale.
3️⃣ Incentivize Trustless Data Sharing: With low transaction fees, blockchain makes info finance affordable, while AI rewards participants for accurate predictions. The goal? Restoring public trust through a truly decentralized, trustless system.
And here’s the kicker: Vitalik’s vision arrives as Ethereum breaks $3,000 for the first time since March. As ETH enters “scarcity mode,” this new concept could amplify its real-world utility beyond financial transactions. 📈
Is “info finance” the next frontier for blockchain and AI? 👇
Read more @Cointelegraph .
#VitalikButerin #ETH🔥🔥🔥🔥 #CryptoNewss #CryptoNews🚀🔥 #Market_Update
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Vitalik explores potential of ‘info finance’ as ETH tops $3K
Ethereum co-founder Vitalik Buterin has introduced “info finance,” a new concept aimed at transforming how information is captured, validated and shared across multiple sectors.
In his recent blog post, “From Prediction Markets to Info Finance,” Buterin explores how blockchain technology could help aggregate, organize and distribute insights more effectively.
According to Buterin, “Info finance is a discipline where you (i) start from a fact that you want to know, and then (ii) deliberately design a market to optimally elicit that information from market participants.”
Prediction markets as a data source
Buterin advocates for prediction markets as a way to collect insights about future events. He highlights platforms like Polymarket, where users bet on outcomes to generate data-driven insights.
“Predicting the election is just the first app,” he explained, emphasizing the extent to which prediction markets can provide the public with valuable insight into public expectation without media influence or sensationalism.
Buterin summarized info finance as a three-sided market:
“[…] bettors make predictions, readers read predictions. The market outputs predictions about the future as a public good (because that’s what it was designed to do).”
Prediction market fundamentals in effect. Source: Vitalik Buterin
Trustless through blockchain and AI
Buterin’s concept of info finance centers around using blockchain and artificial intelligence to foster transparent information-sharing and reward participants for accurate predictions. He believes blockchain scalability and low transaction fees could make info finance tools widely accessible.
The Ethereum co-founder sees this approach as the answer to solving the trust issues in the industry.
With the integration of AI, Buterin suggested that “even if subsidies are required, the size of the subsidy per question becomes extremely affordable. “AI changes that equation completely, and means that we could potentially get reasonably high-quality info elicited even on markets with $10 of volume,” he said.
ETH breaks $3,000
Buterin’s vision for “info finance” and prediction markets arrives in tandem with the Ether (ETH) price surging above $3,000 over the last seven days after Donald Trump won the United States presidential election.
Graph showing the increasing price of ETH over seven days. Source: CoinMarketCap
The ETH price has increased by 21.67%, breaking the overhead resistance faced of $2,800 and exceeding the $3,000 price level for the first time since March.
Venture capitalist Henrique Centieiro stated on Nov. 8 that the supply crunch and rising demand for ETH could trigger a rally for the asset as it enters “scarcity mode.”
Magazine: Real life yield farming: How tokenization is transforming lives in Africa
In his recent blog post, “From Prediction Markets to Info Finance,” Buterin explores how blockchain technology could help aggregate, organize and distribute insights more effectively.
According to Buterin, “Info finance is a discipline where you (i) start from a fact that you want to know, and then (ii) deliberately design a market to optimally elicit that information from market participants.”
Prediction markets as a data source
Buterin advocates for prediction markets as a way to collect insights about future events. He highlights platforms like Polymarket, where users bet on outcomes to generate data-driven insights.
“Predicting the election is just the first app,” he explained, emphasizing the extent to which prediction markets can provide the public with valuable insight into public expectation without media influence or sensationalism.
Buterin summarized info finance as a three-sided market:
“[…] bettors make predictions, readers read predictions. The market outputs predictions about the future as a public good (because that’s what it was designed to do).”
Prediction market fundamentals in effect. Source: Vitalik Buterin
Trustless through blockchain and AI
Buterin’s concept of info finance centers around using blockchain and artificial intelligence to foster transparent information-sharing and reward participants for accurate predictions. He believes blockchain scalability and low transaction fees could make info finance tools widely accessible.
The Ethereum co-founder sees this approach as the answer to solving the trust issues in the industry.
With the integration of AI, Buterin suggested that “even if subsidies are required, the size of the subsidy per question becomes extremely affordable. “AI changes that equation completely, and means that we could potentially get reasonably high-quality info elicited even on markets with $10 of volume,” he said.
ETH breaks $3,000
Buterin’s vision for “info finance” and prediction markets arrives in tandem with the Ether (ETH) price surging above $3,000 over the last seven days after Donald Trump won the United States presidential election.
Graph showing the increasing price of ETH over seven days. Source: CoinMarketCap
The ETH price has increased by 21.67%, breaking the overhead resistance faced of $2,800 and exceeding the $3,000 price level for the first time since March.
Venture capitalist Henrique Centieiro stated on Nov. 8 that the supply crunch and rising demand for ETH could trigger a rally for the asset as it enters “scarcity mode.”
Magazine: Real life yield farming: How tokenization is transforming lives in Africa
From $28K to $150K: Bitcoin’s Wild Year-End Predictions Are Taking Over Social Media 🌐🚀
It’s been a wild ride for Bitcoin in 2024, and the year-end predictions are flooding in. After hitting a record $81,100 this week, crypto enthusiasts everywhere are debating where BTC could land by Dec. 31. Will it touch the elusive $100K… or even higher?
Current highlights:
- Conservative predictions: Some see a more gradual rise, with targets around $95K or $100K.
- Bold outlooks: A few are betting on a six-figure finish, with forecasts as high as $150K.
- Outliers galore: From $28,000 lows to a mind-bending $100 million (yes, really), the range shows just how diverse the outlooks are.
Dan Held’s recent poll on X showcased this excitement, with the average response landing at a respectable $131,725. But with prices fluctuating, some traders are also eyeing healthy corrections to prepare for new entry points.
Bitcoin’s upward momentum has sparked a storm of hopes and opinions, underscoring the crypto community’s thrill over where BTC might end up in the next 52 days.
Where do you see Bitcoin landing? The countdown to the new year is on! ⏳
Read more Bitcoin.com News: https://news.bitcoin.com/from-28k-to-150k-bitcoins-wild-year-end-price-predictions-flood-social-media/
#bitcoin☀️ #Bitcoin❗ #CryptoNewss #CryptoNews🚀🔥 #Market_Update
It’s been a wild ride for Bitcoin in 2024, and the year-end predictions are flooding in. After hitting a record $81,100 this week, crypto enthusiasts everywhere are debating where BTC could land by Dec. 31. Will it touch the elusive $100K… or even higher?
Current highlights:
- Conservative predictions: Some see a more gradual rise, with targets around $95K or $100K.
- Bold outlooks: A few are betting on a six-figure finish, with forecasts as high as $150K.
- Outliers galore: From $28,000 lows to a mind-bending $100 million (yes, really), the range shows just how diverse the outlooks are.
Dan Held’s recent poll on X showcased this excitement, with the average response landing at a respectable $131,725. But with prices fluctuating, some traders are also eyeing healthy corrections to prepare for new entry points.
Bitcoin’s upward momentum has sparked a storm of hopes and opinions, underscoring the crypto community’s thrill over where BTC might end up in the next 52 days.
Where do you see Bitcoin landing? The countdown to the new year is on! ⏳
Read more Bitcoin.com News: https://news.bitcoin.com/from-28k-to-150k-bitcoins-wild-year-end-price-predictions-flood-social-media/
#bitcoin☀️ #Bitcoin❗ #CryptoNewss #CryptoNews🚀🔥 #Market_Update
🚀 NEAR's Crosschain AI Assistant is Here to Make Your Life Easier! 🚀
Forget scrolling travel sites and checking restaurant menus — the NEAR.AI Assistant is set to book flights ✈️ and order takeout 🍔 for you! Just launched in alpha at the Redacted conference in Bangkok, it’s a glimpse into the AI assistant of the future.
Here’s what it can already do:
- Launch Memecoins in Seconds 🐸
- Shop the Web for Fiat 🛍️
- Create Custom Merch Sites on the fly
…and it’s just getting started. Soon, you’ll be able to book flights and order food directly through Web2 sites.
What sets it apart?
1. Chain Abstraction Technology 🧩: Near Intents lets users swap assets across multiple blockchains without intermediaries, expanding DeFi access and enabling AI agents to coordinate across chains.
2. Open for Builders 🛠️: NEAR has kept it open-source, so anyone can add new integrations and agents. Think of it as the AI assistant that never stops growing.
3. Near’s AI assistant is more than just a helpful bot — it’s a decentralized, crosschain powerhouse.
Are we ready for an AI that can do it all? 🌐
Read more here 👉 Cointelegraph [https://cointelegraph.com/news/near-protocol-ai-assistant-book-flights-order-takeout]
#AI #Blockchain #NEARProtocol #Crosschain #Web3 #DeFi #Innovation
Forget scrolling travel sites and checking restaurant menus — the NEAR.AI Assistant is set to book flights ✈️ and order takeout 🍔 for you! Just launched in alpha at the Redacted conference in Bangkok, it’s a glimpse into the AI assistant of the future.
Here’s what it can already do:
- Launch Memecoins in Seconds 🐸
- Shop the Web for Fiat 🛍️
- Create Custom Merch Sites on the fly
…and it’s just getting started. Soon, you’ll be able to book flights and order food directly through Web2 sites.
What sets it apart?
1. Chain Abstraction Technology 🧩: Near Intents lets users swap assets across multiple blockchains without intermediaries, expanding DeFi access and enabling AI agents to coordinate across chains.
2. Open for Builders 🛠️: NEAR has kept it open-source, so anyone can add new integrations and agents. Think of it as the AI assistant that never stops growing.
3. Near’s AI assistant is more than just a helpful bot — it’s a decentralized, crosschain powerhouse.
Are we ready for an AI that can do it all? 🌐
Read more here 👉 Cointelegraph [https://cointelegraph.com/news/near-protocol-ai-assistant-book-flights-order-takeout]
#AI #Blockchain #NEARProtocol #Crosschain #Web3 #DeFi #Innovation
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Near’s crosschain AI Assistant will soon book flights and order takeout for you
Near Protocol has unveiled a new crosschain AI agent in alpha that can launch memecoins in seconds and search the web to buy products for fiat.
Additional functionality coming soon is expected to enable users to book flights or order takeaway food on Web2 sites.
The NEAR.AI Assistant was launched by co-founder Illia Polusukhin at the Redacted conference in Bangkok on Oct. 10 local time, where the protocol has also announced an ambitious plan to build the world’s largest open-source AI model.
Polusukhin demonstrated the capabilities of the AI Assistant by using it to spin up a backstory, website and logo for a new Frog memecoin and then instantly launched it on Near’s version of Pump.fun.
Near co-founder Illia Polusukhin speaking at Redacted in Bangkok. Source: Cointelegraph
The assistant was also able to search the web for a custom T-shirt printer and create a mock website interface on the fly to make the process of selecting and buying Near merchandise T-shirts via a third party easier.
Polusukhin, who was one of the authors of the groundbreaking Transformer research that led to ChatGPT, told Cointelegraph that while using the assistant to book flights was not available in the alpha, “we have a prototype of that, but it’s not live yet.”
“But this is an open platform. Anybody can go right now and add more agents, for example, booking flights, and it will effectively start working in everybody’s assistant,” he said.
“So part of our launch is to showcase what’s possible, and then let people go build lots of different integrations.”
Near Intents
What makes Near’s AI Assistant unique among current AI agents is chain abstraction technology that enables users to swap any asset to any other simply by signing a transaction.
Called Near Intents and available in beta with trading limits, it currently enables native asset swaps between Bitcoin, Ethereum, Arbitrum, Base and Near Protocol (NEAR).
But it has the potential to connect any chain using any wallet, and it can provide swaps to fiat via a market maker, which opens up Web2 shopping for the agent.
Alex Shevchenko, the founder of Aurora Labs, told Cointelegraph that Solana and Telegram Open Network would be added before the end of the year, followed by Dogecoin (DOGE), BNB (BNB), Bitcoin Cash (BCH), XRP (XRP) and Tron (TRON). Intents bring blockchains without smart contracts into the world of DeFi.
Alex Shevchenko, Founder, Aurora Labs speaking at Redacted in Bangkok. Source: Cointelegraph
Unlike other crosschain protocols, Intents does not use atomic swaps or an intermediary asset such as THORChain (RUNE) on THORChain, Instead, smart contracts on Near communicate via chain signatures.
Shevchenko demonstrated the technology on stage by plugging in a MetaMask wallet, swapping between Tether (USDT) and USD Coin (USDC), before then swapping again into Bitcoin. The transaction settled on Near but was able to be instantly withdrawn to a Bitcoin wallet.
AI agents talking to AI agents
While the immediate use case is swapping native tokens, Shevchenko the Intents protocol had been designed to enable AI agents to communicate and coordinate to share tasks.
“An AI agent can understand that: ‘OK I don’t know how to open for you a Revolut account, but maybe there is an agent who is able to do this?’ So then they need to figure out how to create an Intent. So one AI agent is saying [to another AI agent], ‘OK, I would like you, for this price, to open up a bank account for my user.’”
Presentation slide showing a planned roadmap for Near Intents. Source: Cointelegraph
The AI agents would make an agreement, including dispute resolution, and then pay in the required currency.
On the back end, market makers ensure the trades go through. This enables them to tap into the liquidity on centralized platforms such as Binance. Current market makers include Peanut Trade, with G20 coming on board soon.
However, the technology is open source and available to be built upon, incorporated into any wallet, and allows the use of any market maker.
“This is a reference implementation of the interface. All of the builders who are building their own interfaces can take it and include it,” he said.
Later at Redacted, Kendall Cole from Proximity Labs said chain abstraction enabled new use cases for Bitcoin in DeFi. He connected a Bitcoin wallet to a fork of the Burrow lending platform and was able to borrow against the Bitcoin collateral. Eventually, he said that users would be able to borrow against their entire portfolio of assets.
Magazine: AI agents trading crypto is a hot narrative, but beware of rookie mistakes
Additional functionality coming soon is expected to enable users to book flights or order takeaway food on Web2 sites.
The NEAR.AI Assistant was launched by co-founder Illia Polusukhin at the Redacted conference in Bangkok on Oct. 10 local time, where the protocol has also announced an ambitious plan to build the world’s largest open-source AI model.
Polusukhin demonstrated the capabilities of the AI Assistant by using it to spin up a backstory, website and logo for a new Frog memecoin and then instantly launched it on Near’s version of Pump.fun.
Near co-founder Illia Polusukhin speaking at Redacted in Bangkok. Source: Cointelegraph
The assistant was also able to search the web for a custom T-shirt printer and create a mock website interface on the fly to make the process of selecting and buying Near merchandise T-shirts via a third party easier.
Polusukhin, who was one of the authors of the groundbreaking Transformer research that led to ChatGPT, told Cointelegraph that while using the assistant to book flights was not available in the alpha, “we have a prototype of that, but it’s not live yet.”
“But this is an open platform. Anybody can go right now and add more agents, for example, booking flights, and it will effectively start working in everybody’s assistant,” he said.
“So part of our launch is to showcase what’s possible, and then let people go build lots of different integrations.”
Near Intents
What makes Near’s AI Assistant unique among current AI agents is chain abstraction technology that enables users to swap any asset to any other simply by signing a transaction.
Called Near Intents and available in beta with trading limits, it currently enables native asset swaps between Bitcoin, Ethereum, Arbitrum, Base and Near Protocol (NEAR).
But it has the potential to connect any chain using any wallet, and it can provide swaps to fiat via a market maker, which opens up Web2 shopping for the agent.
Alex Shevchenko, the founder of Aurora Labs, told Cointelegraph that Solana and Telegram Open Network would be added before the end of the year, followed by Dogecoin (DOGE), BNB (BNB), Bitcoin Cash (BCH), XRP (XRP) and Tron (TRON). Intents bring blockchains without smart contracts into the world of DeFi.
Alex Shevchenko, Founder, Aurora Labs speaking at Redacted in Bangkok. Source: Cointelegraph
Unlike other crosschain protocols, Intents does not use atomic swaps or an intermediary asset such as THORChain (RUNE) on THORChain, Instead, smart contracts on Near communicate via chain signatures.
Shevchenko demonstrated the technology on stage by plugging in a MetaMask wallet, swapping between Tether (USDT) and USD Coin (USDC), before then swapping again into Bitcoin. The transaction settled on Near but was able to be instantly withdrawn to a Bitcoin wallet.
AI agents talking to AI agents
While the immediate use case is swapping native tokens, Shevchenko the Intents protocol had been designed to enable AI agents to communicate and coordinate to share tasks.
“An AI agent can understand that: ‘OK I don’t know how to open for you a Revolut account, but maybe there is an agent who is able to do this?’ So then they need to figure out how to create an Intent. So one AI agent is saying [to another AI agent], ‘OK, I would like you, for this price, to open up a bank account for my user.’”
Presentation slide showing a planned roadmap for Near Intents. Source: Cointelegraph
The AI agents would make an agreement, including dispute resolution, and then pay in the required currency.
On the back end, market makers ensure the trades go through. This enables them to tap into the liquidity on centralized platforms such as Binance. Current market makers include Peanut Trade, with G20 coming on board soon.
However, the technology is open source and available to be built upon, incorporated into any wallet, and allows the use of any market maker.
“This is a reference implementation of the interface. All of the builders who are building their own interfaces can take it and include it,” he said.
Later at Redacted, Kendall Cole from Proximity Labs said chain abstraction enabled new use cases for Bitcoin in DeFi. He connected a Bitcoin wallet to a fork of the Burrow lending platform and was able to borrow against the Bitcoin collateral. Eventually, he said that users would be able to borrow against their entire portfolio of assets.
Magazine: AI agents trading crypto is a hot narrative, but beware of rookie mistakes
🚀 Breaking New Ground in AI! 🚀
NEAR Protocol just announced an audacious goal: to build the world’s largest open-source AI model — a 1.4 trillion parameter powerhouse. That’s 3.5x the size of Meta’s Llama model!
Imagine the impact:
1. Crowdsourced Innovation 🌐: Thousands of contributors collaborating on NEAR AI’s research hub, starting with a 500 million parameter model.
2. Privacy-First 🔒: Using encrypted environments to protect contributors' privacy and enable continuous updates.
3. Decentralized Model 🧩: Progressing through seven stages to achieve unmatched complexity.
How is this possible?
NEAR co-founder Illia Polosukhin estimates a $160 million cost, funded by token sales. With AI growing in importance, NEAR is determined to keep it decentralized for the benefit of all.
💬 “AI controlled by one entity is a threat to freedom,” Polosukhin emphasized. AI that aligns with Web3 principles is NEAR’s way forward.
With visionary leaders like Polosukhin and Alex Skidanov — pioneers from the early transformer research behind ChatGPT — NEAR is well-positioned to tackle this massive challenge.
Are we witnessing the dawn of open-source AI dominance? 🌅
Read more Cointelegraph [https://cointelegraph.com/news/near-plans-to-create-world-s-largest-1-4-t-parameter-open-source-ai-model]
#AI #OpenSourceAI #Decentralization #NearProtocol #Web3 #ArtificialIntelligence #Innovation #PrivacyFirst #FutureOfAI #Blockchain
NEAR Protocol just announced an audacious goal: to build the world’s largest open-source AI model — a 1.4 trillion parameter powerhouse. That’s 3.5x the size of Meta’s Llama model!
Imagine the impact:
1. Crowdsourced Innovation 🌐: Thousands of contributors collaborating on NEAR AI’s research hub, starting with a 500 million parameter model.
2. Privacy-First 🔒: Using encrypted environments to protect contributors' privacy and enable continuous updates.
3. Decentralized Model 🧩: Progressing through seven stages to achieve unmatched complexity.
How is this possible?
NEAR co-founder Illia Polosukhin estimates a $160 million cost, funded by token sales. With AI growing in importance, NEAR is determined to keep it decentralized for the benefit of all.
💬 “AI controlled by one entity is a threat to freedom,” Polosukhin emphasized. AI that aligns with Web3 principles is NEAR’s way forward.
With visionary leaders like Polosukhin and Alex Skidanov — pioneers from the early transformer research behind ChatGPT — NEAR is well-positioned to tackle this massive challenge.
Are we witnessing the dawn of open-source AI dominance? 🌅
Read more Cointelegraph [https://cointelegraph.com/news/near-plans-to-create-world-s-largest-1-4-t-parameter-open-source-ai-model]
#AI #OpenSourceAI #Decentralization #NearProtocol #Web3 #ArtificialIntelligence #Innovation #PrivacyFirst #FutureOfAI #Blockchain
LIVE
Cointelegraph
--
Near plans to build world’s largest 1.4T parameter open-source AI model
Near Protocol has unveiled an ambitious plan to build the world’s largest open-source artificial intelligence model on the opening day of its Redacted conference in Bangkok, Thailand. The 1.4 trillion parameter model would be 3.5 times bigger than Meta’s current open-source Llama model.
It will be created through competitive crowdsourced research and development from thousands of contributors on the new Near AI Research hub, with participants able to join the training of a small 500 million parameter model from today, Nov. 10.
Near Protocol’s ambitious AI model
The project will grow in size and sophistication across seven models, with only the best contributors making the leap to working on progressively more complex and larger models. The models will be monetized and privacy will be preserved via the use of encrypted Trusted Execution Environments to reward contributors and encourage constant updating as the technology progresses.
The expensive training and compute will be funded with token sales, Near Protocol co-founder Illia Polosukhin told Cointelegraph at the Redacted conference in Bangkok.
Near co-founder Illia Polosukhin. Source: Cointelegraph
“It costs about $160 million, so it’s a lot, obviously, but actually, in crypto, it is raiseable money,” he said. Polosukhin added:
“Then the tokenholders get repaid from all the inferences that happen when this model is used. So we have a business model, we have a way to monetize it, we have a way to raise money, and we have a way to put this in a loop. And so people can actually reinvest back into the next model as well.”
Related: Near patches critical bug that could crash every node on the network
Near is one of the few crypto projects with the ability to realize such an ambitious undertaking: Polosukhin was one of the authors of the groundbreaking transformer research paper that led to ChatGPT, and co-founder Alex Skidanov worked at OpenAI in the lead-up to the era-defining model’s release in late 2022.
Skidanov, who now heads up Near AI, conceded that it’s a massive undertaking with a big hurdle to overcome.
Decentralized AI tackles privacy issues
To train such a large model, the project would need “tens of thousands of GPUs in one place,” which wouldn’t be ideal. But to use a decentralized network of compute “you’d need a new technology that doesn’t exist today because all the distributed training techniques we have require very fast interconnect.” However, he added that emerging research from Deep Mind suggests it is possible.
Near co-founder Alex Skidanov. Source: Cointelegraph
Polosukhin said he hasn’t spoken with existing projects like the Artificial Superintelligence Alliance but would be happy to see if there are synergies. Whatever happens, he said decentralized AI technology must win for all our sake. Conference guest speaker Edward Snowden rammed home the point by painting a scary portrait of centralized AI turning the world into a giant surveillance state.
“This is probably the most important technology right now and probably in the future. And the reality is, if AI is controlled by one company, we effectively are going to do whatever that company says,” he explained. Snowden added:
“If all AI and effectively, all of the economy is being done by one company, there’s no decentralization at that point. So it is effectively like the only way that Web3 is still relevant, philosophically, if we have AI that also follows the same principles.”
Magazine: Asian crypto traders profit from Trump’s win, China’s 2025 CBDC deadline: Asia Express
It will be created through competitive crowdsourced research and development from thousands of contributors on the new Near AI Research hub, with participants able to join the training of a small 500 million parameter model from today, Nov. 10.
Near Protocol’s ambitious AI model
The project will grow in size and sophistication across seven models, with only the best contributors making the leap to working on progressively more complex and larger models. The models will be monetized and privacy will be preserved via the use of encrypted Trusted Execution Environments to reward contributors and encourage constant updating as the technology progresses.
The expensive training and compute will be funded with token sales, Near Protocol co-founder Illia Polosukhin told Cointelegraph at the Redacted conference in Bangkok.
Near co-founder Illia Polosukhin. Source: Cointelegraph
“It costs about $160 million, so it’s a lot, obviously, but actually, in crypto, it is raiseable money,” he said. Polosukhin added:
“Then the tokenholders get repaid from all the inferences that happen when this model is used. So we have a business model, we have a way to monetize it, we have a way to raise money, and we have a way to put this in a loop. And so people can actually reinvest back into the next model as well.”
Related: Near patches critical bug that could crash every node on the network
Near is one of the few crypto projects with the ability to realize such an ambitious undertaking: Polosukhin was one of the authors of the groundbreaking transformer research paper that led to ChatGPT, and co-founder Alex Skidanov worked at OpenAI in the lead-up to the era-defining model’s release in late 2022.
Skidanov, who now heads up Near AI, conceded that it’s a massive undertaking with a big hurdle to overcome.
Decentralized AI tackles privacy issues
To train such a large model, the project would need “tens of thousands of GPUs in one place,” which wouldn’t be ideal. But to use a decentralized network of compute “you’d need a new technology that doesn’t exist today because all the distributed training techniques we have require very fast interconnect.” However, he added that emerging research from Deep Mind suggests it is possible.
Near co-founder Alex Skidanov. Source: Cointelegraph
Polosukhin said he hasn’t spoken with existing projects like the Artificial Superintelligence Alliance but would be happy to see if there are synergies. Whatever happens, he said decentralized AI technology must win for all our sake. Conference guest speaker Edward Snowden rammed home the point by painting a scary portrait of centralized AI turning the world into a giant surveillance state.
“This is probably the most important technology right now and probably in the future. And the reality is, if AI is controlled by one company, we effectively are going to do whatever that company says,” he explained. Snowden added:
“If all AI and effectively, all of the economy is being done by one company, there’s no decentralization at that point. So it is effectively like the only way that Web3 is still relevant, philosophically, if we have AI that also follows the same principles.”
Magazine: Asian crypto traders profit from Trump’s win, China’s 2025 CBDC deadline: Asia Express
📊 @Binance News ! Binance Research Monthly Market Insights - November 2024 📊
October brought growth and challenges in the crypto market:
➡️ 2.8% rise in market cap: Boosted by BTC spot ETF inflows and solid U.S. job data.
➡️ Geopolitical and regulatory concerns: Rising tensions in Israel-Iran and Tether’s legal scrutiny, paired with the U.S. presidential election's potential to reshape the regulatory landscape.
➡️ Bitcoin's evolving correlation: Nearing all-time highs with the S&P 500—this could redefine Bitcoin as both a risk asset and a hedge against macro uncertainties.
➡️ On-chain app revenue spike: User adoption is climbing; among the top 15 revenue-earning chains, 13 are applications—a potential signal for the future of blockchain.
➡️ Solana’s surge in token launches: Thanks to memecoins and launchpad pump.fun, Solana captured 90.6% of all new token launches in late October.
💡 Memecoin momentum: Memecoins dominated activity, with four of the top five performing tokens being memes. Memecoins' share within the top 50 altcoins has doubled since early 2024, averaging $5B in daily trading volume since February.
👉 For a deeper dive, download the full report below!
Crypto Market Rises 2.8% in October, Led by Bitcoin ETF Inflows and Solana’s Dominance in Token Launches
#BinanceNews #CryptoNewss #CryptoNews🚀🔥 #Market_Update #CryptoNewsCommunity
October brought growth and challenges in the crypto market:
➡️ 2.8% rise in market cap: Boosted by BTC spot ETF inflows and solid U.S. job data.
➡️ Geopolitical and regulatory concerns: Rising tensions in Israel-Iran and Tether’s legal scrutiny, paired with the U.S. presidential election's potential to reshape the regulatory landscape.
➡️ Bitcoin's evolving correlation: Nearing all-time highs with the S&P 500—this could redefine Bitcoin as both a risk asset and a hedge against macro uncertainties.
➡️ On-chain app revenue spike: User adoption is climbing; among the top 15 revenue-earning chains, 13 are applications—a potential signal for the future of blockchain.
➡️ Solana’s surge in token launches: Thanks to memecoins and launchpad pump.fun, Solana captured 90.6% of all new token launches in late October.
💡 Memecoin momentum: Memecoins dominated activity, with four of the top five performing tokens being memes. Memecoins' share within the top 50 altcoins has doubled since early 2024, averaging $5B in daily trading volume since February.
👉 For a deeper dive, download the full report below!
Crypto Market Rises 2.8% in October, Led by Bitcoin ETF Inflows and Solana’s Dominance in Token Launches
#BinanceNews #CryptoNewss #CryptoNews🚀🔥 #Market_Update #CryptoNewsCommunity
71% of U.S. Consumers Are Gamers—What This Means for Web3 Gaming
Circana’s 2024 Gamer Segmentation Report reveals that gaming isn’t just for kids—71% of U.S. consumers are playing, led by older adults. With gaming demographics shifting, here’s why this data matters for the future of Web3 gaming:
1️⃣ Boomers and Older Adults Are Onboard
With adults 45+ making up the largest segment of gamers (37% of players), Web3 gaming has a unique chance to engage a wider demographic. Their rising spending on consoles reflects an openness to investing in new platforms—a promising trend as Web3 games aim to bridge traditional gaming with blockchain features like asset ownership and digital marketplaces.
2️⃣ Gen Alpha Engagement Is Dropping
Younger kids (aged 2-12) are less engaged in gaming (-6% since 2022), suggesting they’re looking for new experiences. Web3 gaming, with its interactive communities, player-owned assets, and rewards, offers fresh ways to bring value back to younger players—something that traditional games might struggle to replicate.
3️⃣ The “Super Gamers” Fit Web3’s Model Perfectly
Super Gamers, making up 16% of the U.S. gaming population, are the industry’s biggest spenders and play across multiple platforms. This group, largely males aged 13-34, is primed for Web3 gaming’s unique advantages, from owning in-game assets to earning through play-to-earn models. They’re already used to investing in gaming—Web3 just gives them a whole new way to level up.
Web3 gaming has the potential to redefine ownership, engagement, and value across demographics. WEMIX is focused on building experiences that resonate with all players, from the Boomers just getting started to the Super Gamers ready for next-gen gameplay.
Source: [https://www.circana.com/intelligence/press-releases/2024/71-of-us-consumers-play-video-games-according-to-circanas-2024-gamer-segmentation-report/
Circana’s 2024 Gamer Segmentation Report reveals that gaming isn’t just for kids—71% of U.S. consumers are playing, led by older adults. With gaming demographics shifting, here’s why this data matters for the future of Web3 gaming:
1️⃣ Boomers and Older Adults Are Onboard
With adults 45+ making up the largest segment of gamers (37% of players), Web3 gaming has a unique chance to engage a wider demographic. Their rising spending on consoles reflects an openness to investing in new platforms—a promising trend as Web3 games aim to bridge traditional gaming with blockchain features like asset ownership and digital marketplaces.
2️⃣ Gen Alpha Engagement Is Dropping
Younger kids (aged 2-12) are less engaged in gaming (-6% since 2022), suggesting they’re looking for new experiences. Web3 gaming, with its interactive communities, player-owned assets, and rewards, offers fresh ways to bring value back to younger players—something that traditional games might struggle to replicate.
3️⃣ The “Super Gamers” Fit Web3’s Model Perfectly
Super Gamers, making up 16% of the U.S. gaming population, are the industry’s biggest spenders and play across multiple platforms. This group, largely males aged 13-34, is primed for Web3 gaming’s unique advantages, from owning in-game assets to earning through play-to-earn models. They’re already used to investing in gaming—Web3 just gives them a whole new way to level up.
Web3 gaming has the potential to redefine ownership, engagement, and value across demographics. WEMIX is focused on building experiences that resonate with all players, from the Boomers just getting started to the Super Gamers ready for next-gen gameplay.
Source: [https://www.circana.com/intelligence/press-releases/2024/71-of-us-consumers-play-video-games-according-to-circanas-2024-gamer-segmentation-report/
According to Simply Wall St, in a Volatile Market, Wemade Ltd. Stands Out as a High-Growth Opportunity
This week, as markets fluctuate amidst a wave of earnings reports and economic shifts, small-cap stocks like Wemade Ltd. are showing resilience—demonstrating why investors should keep an eye on high-growth potential in tech.
📊 A Glimpse at Wemade Ltd.
Wemade Ltd., with a market cap of ₩1.43 trillion, is a prominent gaming company operating both in South Korea and internationally. Its primary revenue stream? Gaming—a sector that brought in ₩684.76 billion. Despite recent market turbulence, Wemade's annual profit growth projection sits at an impressive 105.7%!
🚀 Investing Heavily in Innovation
Wemade’s future-focused strategy centers around R&D. By investing in innovative technologies, Wemade is positioning itself to stay competitive in the dynamic tech space. This bold approach is vital, especially as the gaming industry faces evolving consumer expectations and rapid tech advancements.
📈 A Few Challenges and the Path Forward
Though Wemade’s revenue growth rate (8.9%) trails behind the broader KR market (10%), this marks an opportunity. With enhancements in operational efficiency and strategic market expansion, Wemade has a clear path to accelerate growth. The latest earnings call set expectations for the company to turn profitable within three years—a target that reflects both ambition and confidence.
Why Wemade Ltd. Could Be a Smart Move for Growth-Oriented Investors
In an ever-volatile market, companies like Wemade—focused on innovation, growth, and resilience—offer an intriguing opportunity. Investors with an eye for high-growth potential should keep Wemade on their radar as it navigates the road ahead.
🌟 Do you believe in Wemade’s journey to profitability?
Corporate Website: https://www.wemade.com/IrEn
Read more: Simply Wall St | Making Investing Easy [https://finance.yahoo.com/news/high-growth-tech-stocks-wemadeltd-010519220.html]
#CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update #Wemade
This week, as markets fluctuate amidst a wave of earnings reports and economic shifts, small-cap stocks like Wemade Ltd. are showing resilience—demonstrating why investors should keep an eye on high-growth potential in tech.
📊 A Glimpse at Wemade Ltd.
Wemade Ltd., with a market cap of ₩1.43 trillion, is a prominent gaming company operating both in South Korea and internationally. Its primary revenue stream? Gaming—a sector that brought in ₩684.76 billion. Despite recent market turbulence, Wemade's annual profit growth projection sits at an impressive 105.7%!
🚀 Investing Heavily in Innovation
Wemade’s future-focused strategy centers around R&D. By investing in innovative technologies, Wemade is positioning itself to stay competitive in the dynamic tech space. This bold approach is vital, especially as the gaming industry faces evolving consumer expectations and rapid tech advancements.
📈 A Few Challenges and the Path Forward
Though Wemade’s revenue growth rate (8.9%) trails behind the broader KR market (10%), this marks an opportunity. With enhancements in operational efficiency and strategic market expansion, Wemade has a clear path to accelerate growth. The latest earnings call set expectations for the company to turn profitable within three years—a target that reflects both ambition and confidence.
Why Wemade Ltd. Could Be a Smart Move for Growth-Oriented Investors
In an ever-volatile market, companies like Wemade—focused on innovation, growth, and resilience—offer an intriguing opportunity. Investors with an eye for high-growth potential should keep Wemade on their radar as it navigates the road ahead.
🌟 Do you believe in Wemade’s journey to profitability?
Corporate Website: https://www.wemade.com/IrEn
Read more: Simply Wall St | Making Investing Easy [https://finance.yahoo.com/news/high-growth-tech-stocks-wemadeltd-010519220.html]
#CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update #Wemade
🚀 OpenSea’s Next Wave: A Ground-Up Redesign to Spark NFT Market Revival 🚀
OpenSea, one of the largest NFT marketplaces, is gearing up for a December relaunch with a fully reimagined platform aimed at reinvigorating user engagement amid an NFT market slump.
CEO Devin Finzer shared on X: “To really innovate, sometimes you have to take a step back and reimagine everything. So we built a new OpenSea from the ground up.” While keeping new features under wraps, the announcement is sparking speculation that this overhaul might be exactly what the NFT space needs.
Here’s what’s on the horizon:
🔹 New Features & Tech - Rumors swirl around potential features like shared NFT ownership, memecoin trading, account abstraction, and SocialFi integration—strategic moves that could expand OpenSea’s appeal across Web3.
🔹 Reflecting Broader Trends - OpenSea’s challenges mirror broader market trends: NFTs have lost much of their initial hype as tighter economic conditions and waning investor interest impact the sector. However, OpenSea remains optimistic, viewing this platform redesign as a commitment to adapt and stabilize within the evolving NFT landscape.
🔹 Legal Battles Ahead - Under scrutiny from the SEC, OpenSea has committed $5M to defend NFTs from being classified as securities, a fight CEO Finzer says is crucial for innovation in the space.
The takeaway? OpenSea’s revamp is more than just survival—it’s a bold step to lead a new era for NFTs and redefine the modern marketplace.
Read more @Cointelegraph [https://lnkd.in/gfV93UXj] and The Block [https://lnkd.in/g2ruRQic]
#CryptoNewss #CryptoNews🚀🔥 #Market_Update #CryptoNewsCommunity #NewsAboutCrypto
OpenSea, one of the largest NFT marketplaces, is gearing up for a December relaunch with a fully reimagined platform aimed at reinvigorating user engagement amid an NFT market slump.
CEO Devin Finzer shared on X: “To really innovate, sometimes you have to take a step back and reimagine everything. So we built a new OpenSea from the ground up.” While keeping new features under wraps, the announcement is sparking speculation that this overhaul might be exactly what the NFT space needs.
Here’s what’s on the horizon:
🔹 New Features & Tech - Rumors swirl around potential features like shared NFT ownership, memecoin trading, account abstraction, and SocialFi integration—strategic moves that could expand OpenSea’s appeal across Web3.
🔹 Reflecting Broader Trends - OpenSea’s challenges mirror broader market trends: NFTs have lost much of their initial hype as tighter economic conditions and waning investor interest impact the sector. However, OpenSea remains optimistic, viewing this platform redesign as a commitment to adapt and stabilize within the evolving NFT landscape.
🔹 Legal Battles Ahead - Under scrutiny from the SEC, OpenSea has committed $5M to defend NFTs from being classified as securities, a fight CEO Finzer says is crucial for innovation in the space.
The takeaway? OpenSea’s revamp is more than just survival—it’s a bold step to lead a new era for NFTs and redefine the modern marketplace.
Read more @Cointelegraph [https://lnkd.in/gfV93UXj] and The Block [https://lnkd.in/g2ruRQic]
#CryptoNewss #CryptoNews🚀🔥 #Market_Update #CryptoNewsCommunity #NewsAboutCrypto
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Cointelegraph
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OpenSea promises comeback with new, improved platform
The non-fungible token (NFT) marketplace OpenSea will be upgraded with a new and improved platform in December amid a prolonged NFT market doldrum.
“To really innovate, sometimes you have to take a step back and reimagine everything. So we built a new OpenSea from the ground up,” said OpenSea co-founder and CEO Devin Finzer in a Nov. 4 X post.
He added that the claimed new and improved platform will be launched in December without providing further details. A link shared by OpenSea on X redirected to a waiting list page with a prompt to connect a crypto wallet.
DappRadar communications manager and head of content ‘nederob’ said on X there was “some serious hype” about the new platform since users may be expecting an airdrop.
However, considering the platform is based in the United States, he added that a token airdrop was “unlikely but not unthinkable.”
He speculated that new features could include account abstraction or “smart accounts.” NFT shared ownership, memecoin trading and minting, more chain integration, and SocialFi.
Meanwhile, trading volume on OpenSea has surged almost 60% over the week, topping $50 million as NFT sales jumped, according to DappRadar. Volumes hit $15 million on Nov. 2 but have remained relatively flat since early 2022.
OpenSea was launched in 2017 but did not gain widespread popularity until the NFT boom in 2021. The platform saw peak trading volume hit $5 billion in January 2022, but since then, the NFT bubble has burst, sending volumes and revenue plummeting.
OpenSea monthly volume. Source: Dune
Monthly volume was just $46 million in October, down 99% from its all-time high, according to Dune Analytics.
The announcement comes after the US Securities and Exchange Commission hit the NFT marketplace with a Wells notice, a warning it could launch an enforcement action, which accused it of trading unregistered securities.
OpenSea’s Finzer said at the time that “by targeting NFTs, the SEC would stifle innovation on an even broader scale,” impacting hundreds of thousands of digital artists and creators.
The firm has had a tumultuous couple of years, laying off staff in November 2023 when Finzer announced that it was re-orienting the team around “OpenSea 2.0.”
Magazine: gmoney’s anguish over ‘buying the top’ of CryptoPunks: NFT Collector
“To really innovate, sometimes you have to take a step back and reimagine everything. So we built a new OpenSea from the ground up,” said OpenSea co-founder and CEO Devin Finzer in a Nov. 4 X post.
He added that the claimed new and improved platform will be launched in December without providing further details. A link shared by OpenSea on X redirected to a waiting list page with a prompt to connect a crypto wallet.
DappRadar communications manager and head of content ‘nederob’ said on X there was “some serious hype” about the new platform since users may be expecting an airdrop.
However, considering the platform is based in the United States, he added that a token airdrop was “unlikely but not unthinkable.”
He speculated that new features could include account abstraction or “smart accounts.” NFT shared ownership, memecoin trading and minting, more chain integration, and SocialFi.
Meanwhile, trading volume on OpenSea has surged almost 60% over the week, topping $50 million as NFT sales jumped, according to DappRadar. Volumes hit $15 million on Nov. 2 but have remained relatively flat since early 2022.
OpenSea was launched in 2017 but did not gain widespread popularity until the NFT boom in 2021. The platform saw peak trading volume hit $5 billion in January 2022, but since then, the NFT bubble has burst, sending volumes and revenue plummeting.
OpenSea monthly volume. Source: Dune
Monthly volume was just $46 million in October, down 99% from its all-time high, according to Dune Analytics.
The announcement comes after the US Securities and Exchange Commission hit the NFT marketplace with a Wells notice, a warning it could launch an enforcement action, which accused it of trading unregistered securities.
OpenSea’s Finzer said at the time that “by targeting NFTs, the SEC would stifle innovation on an even broader scale,” impacting hundreds of thousands of digital artists and creators.
The firm has had a tumultuous couple of years, laying off staff in November 2023 when Finzer announced that it was re-orienting the team around “OpenSea 2.0.”
Magazine: gmoney’s anguish over ‘buying the top’ of CryptoPunks: NFT Collector
🌐 Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood Unveil the Global Dollar Network and New USDG Stablecoin
In a major move for the stablecoin market, Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood have partnered to launch the Global Dollar Network, built around the new USDG stablecoin. Issued out of Singapore by Paxos and compliant with the Monetary Authority of Singapore’s framework, USDG aims to drive stablecoin adoption worldwide through a unique community-focused model.
What Makes USDG Stand Out?
- Shared Yield: Unlike traditional stablecoins, USDG returns yield from reserve assets to network participants—like exchanges and custodians—instead of retaining it, rewarding those who help grow the network.
- Regulation-Focused: Built in line with upcoming Singapore regulations, USDG is a secure, transparent stablecoin aimed at fostering mainstream adoption.
- Robust Partnerships: With Southeast Asia’s largest bank, DBS, as the primary banking partner, USDG brings institutional-grade custody and cash management to its reserves.
Kraken Co-CEO Arjun Sethi highlights USDG’s vision: “USDG upends the market with a more equitable model to accelerate stablecoin use cases and bring mainstream participants into the ecosystem.”
As USDG enters a market dominated by giants like Tether (USDT) and Circle (USDC), its community-centric approach and strong network of partners set it up as a compelling new option for stablecoin users worldwide.
🔗 Read more at The Cointelegraph [https://cointelegraph.com/news/robinhood-kraken-paxos-launch-global-dollar-stablecoin-network]
In a major move for the stablecoin market, Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood have partnered to launch the Global Dollar Network, built around the new USDG stablecoin. Issued out of Singapore by Paxos and compliant with the Monetary Authority of Singapore’s framework, USDG aims to drive stablecoin adoption worldwide through a unique community-focused model.
What Makes USDG Stand Out?
- Shared Yield: Unlike traditional stablecoins, USDG returns yield from reserve assets to network participants—like exchanges and custodians—instead of retaining it, rewarding those who help grow the network.
- Regulation-Focused: Built in line with upcoming Singapore regulations, USDG is a secure, transparent stablecoin aimed at fostering mainstream adoption.
- Robust Partnerships: With Southeast Asia’s largest bank, DBS, as the primary banking partner, USDG brings institutional-grade custody and cash management to its reserves.
Kraken Co-CEO Arjun Sethi highlights USDG’s vision: “USDG upends the market with a more equitable model to accelerate stablecoin use cases and bring mainstream participants into the ecosystem.”
As USDG enters a market dominated by giants like Tether (USDT) and Circle (USDC), its community-centric approach and strong network of partners set it up as a compelling new option for stablecoin users worldwide.
🔗 Read more at The Cointelegraph [https://cointelegraph.com/news/robinhood-kraken-paxos-launch-global-dollar-stablecoin-network]
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Cointelegraph
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Robinhood, Kraken, Paxos launch Global Dollar stablecoin network
A swathe of traditional finance and crypto companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, have formed a consortium supporting the latest stablecoin pegged to the United States dollar.
In a Nov. 5 statement, blockchain infrastructure firm Paxos shared that the new “open network” was designed to accelerate the adoption and use of stablecoins worldwide.
Source: Paxos
“The lack of competition in the regulated stablecoin market has prevented the industry from reaching its full potential. USDG upends this dynamic with a more equitable model that will bring mainstream participants into the ecosystem and accelerate new stablecoin use cases,” said Kraken co-CEO Arjun Sethi in a statement.
The network is designed to support the global adoption of Paxos’ USDG stablecoin, launched by the firm on Nov. 1.
USDG is currently only available on the Ethereum blockchain, but Paxos said the stablecoin will be made available on other chains as regulations evolve.
Paxos will issue the USDG stablecoin out of Singapore, which the firm says is “substantively compliant” with the Monetary Authority of Singapore’s upcoming stablecoin framework, established in August 2023.
Qualified entities, including custodians, exchanges, and fintech firms will be able to join the Global Dollar Network by way of invitation.
The firm noted that the stablecoin’s US dollar backings will be reserved and managed by Singapore’s largest banking institution, DBS Bank. USDG is backed 1:1 with the US dollar in dollar deposits, short-duration US government securities, and other cash equivalents, ensuring users can redeem their tokens for fiat.
Speaking about the launch of USDG, Paxos’ head of product Ronak Daya said the DBS partnership will enable enterprise-level stablecoin adoption.
Other digital asset offerings by Paxos include PayPal USD (PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG).
The USDG stablecoin and its Global Dollar Network will launch in a market dominated largely by two major stablecoin issuers, Tether (USDT) and Circle’s USD Coin (USDC), which command respective dominance of 56% and 27% of the stablecoin supply on Ethereum, according to DefiLlama data.
USDT accounts for 69.53% of the total $84 billion supply of stablecoins on Ethereum. Source: DefiLlama
Magazine: Most DePIN projects barely even use blockchain — True or false?
In a Nov. 5 statement, blockchain infrastructure firm Paxos shared that the new “open network” was designed to accelerate the adoption and use of stablecoins worldwide.
Source: Paxos
“The lack of competition in the regulated stablecoin market has prevented the industry from reaching its full potential. USDG upends this dynamic with a more equitable model that will bring mainstream participants into the ecosystem and accelerate new stablecoin use cases,” said Kraken co-CEO Arjun Sethi in a statement.
The network is designed to support the global adoption of Paxos’ USDG stablecoin, launched by the firm on Nov. 1.
USDG is currently only available on the Ethereum blockchain, but Paxos said the stablecoin will be made available on other chains as regulations evolve.
Paxos will issue the USDG stablecoin out of Singapore, which the firm says is “substantively compliant” with the Monetary Authority of Singapore’s upcoming stablecoin framework, established in August 2023.
Qualified entities, including custodians, exchanges, and fintech firms will be able to join the Global Dollar Network by way of invitation.
The firm noted that the stablecoin’s US dollar backings will be reserved and managed by Singapore’s largest banking institution, DBS Bank. USDG is backed 1:1 with the US dollar in dollar deposits, short-duration US government securities, and other cash equivalents, ensuring users can redeem their tokens for fiat.
Speaking about the launch of USDG, Paxos’ head of product Ronak Daya said the DBS partnership will enable enterprise-level stablecoin adoption.
Other digital asset offerings by Paxos include PayPal USD (PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG).
The USDG stablecoin and its Global Dollar Network will launch in a market dominated largely by two major stablecoin issuers, Tether (USDT) and Circle’s USD Coin (USDC), which command respective dominance of 56% and 27% of the stablecoin supply on Ethereum, according to DefiLlama data.
USDT accounts for 69.53% of the total $84 billion supply of stablecoins on Ethereum. Source: DefiLlama
Magazine: Most DePIN projects barely even use blockchain — True or false?
Catch a rare 1-on-1 with Binance's He Yi.
#BinanceSquareFamily #BinanceHerYerde #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity
#BinanceSquareFamily #BinanceHerYerde #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity
LIVE
Binance Square Official
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He Yi, our co-founder, at Binance Blockchain Week Day 1 🚀
In a warm fireside chat with CoinMarketCap's Alice Liu, Yi reflected on Binance’s journey and the 2024 theme, Driving Momentum.
She expressed heartfelt gratitude to our amazing 200 million-strong community and highlighted key milestones.[[full article here](https://www.binance.com/en/square/post/2024-10-30-binance-co-founder-yi-he-reflects-on-overcoming-challenges-and-sustaining-growth-at-binance-blockchain-dubai-2024-15566583459337)]
Yi also shared the core values that keep us moving forward—innovation, responsibility, and humility—as we work toward a stronger Web3 ecosystem. [[full article here](https://www.binance.com/en/square/post/2024-10-30-driving-momentum-binance-co-founder-yi-he-shares-insights-on-company-culture-and-vision-for-web3-at-binance-blockchain-dubai-2024-15566360823082)]
More highlights and live updates are on the way, stay tuned! #BinanceBlockchainWeek
In a warm fireside chat with CoinMarketCap's Alice Liu, Yi reflected on Binance’s journey and the 2024 theme, Driving Momentum.
She expressed heartfelt gratitude to our amazing 200 million-strong community and highlighted key milestones.[[full article here](https://www.binance.com/en/square/post/2024-10-30-binance-co-founder-yi-he-reflects-on-overcoming-challenges-and-sustaining-growth-at-binance-blockchain-dubai-2024-15566583459337)]
Yi also shared the core values that keep us moving forward—innovation, responsibility, and humility—as we work toward a stronger Web3 ecosystem. [[full article here](https://www.binance.com/en/square/post/2024-10-30-driving-momentum-binance-co-founder-yi-he-shares-insights-on-company-culture-and-vision-for-web3-at-binance-blockchain-dubai-2024-15566360823082)]
More highlights and live updates are on the way, stay tuned! #BinanceBlockchainWeek
🚨 Web3 Watch: SEC Targets Gaming Sector with New Wells Notice 🚨
Immutable, a major Web3 gaming firm, recently announced that it has received a Wells notice from the SEC—indicating potential enforcement action from the regulator. The SEC claims that Immutable may have violated securities laws and misrepresented itself to users, though specifics remain unclear.
Immutable suspects the investigation centers on its IMX token, which was privately sold in 2021. The announcement has already impacted IMX, which saw a 13% drop in trading value following the news.
Immutable’s message to the SEC? “Engage with the industry. Create clear, fit-for-purpose regulatory guidelines, and we will follow them.”
This latest action underscores the SEC’s increased scrutiny of Web3 and gaming. Earlier this year, NFT marketplace OpenSea and Crypto.com also reported receiving Wells notices, sparking industry concern over the need for transparent and consistent regulation.
🔍 As regulatory pressure mounts, the Web3 gaming and crypto industries are watching closely. What are your thoughts on the SEC’s approach to Web3 gaming? 👇
#SECCryptoRegulation #CryptoNewss #CryptoNews🚀🔥 #Market_Update #CryptoNewsCommunity
Immutable, a major Web3 gaming firm, recently announced that it has received a Wells notice from the SEC—indicating potential enforcement action from the regulator. The SEC claims that Immutable may have violated securities laws and misrepresented itself to users, though specifics remain unclear.
Immutable suspects the investigation centers on its IMX token, which was privately sold in 2021. The announcement has already impacted IMX, which saw a 13% drop in trading value following the news.
Immutable’s message to the SEC? “Engage with the industry. Create clear, fit-for-purpose regulatory guidelines, and we will follow them.”
This latest action underscores the SEC’s increased scrutiny of Web3 and gaming. Earlier this year, NFT marketplace OpenSea and Crypto.com also reported receiving Wells notices, sparking industry concern over the need for transparent and consistent regulation.
🔍 As regulatory pressure mounts, the Web3 gaming and crypto industries are watching closely. What are your thoughts on the SEC’s approach to Web3 gaming? 👇
#SECCryptoRegulation #CryptoNewss #CryptoNews🚀🔥 #Market_Update #CryptoNewsCommunity
LIVE
Binance News
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SEC Issues Wells Notice to Immutable Amid Crypto Crackdown
According to CryptoSlate, the SEC has issued a Wells notice to blockchain gaming platform Immutable, marking another instance of the regulator's enforcement actions against crypto companies ahead of the US election. Immutable revealed in an October 31 blog post that the SEC's move is part of its “regulation-by-enforcement” strategy targeting the crypto industry. The company noted that the notice was issued without prior discussions with the SEC.Immutable stated that the SEC's allegations, though vague, seem to focus on the 2021 listing and private sales of its native token IMX. The company contends that the IMX token does not meet the criteria of a security and criticized the SEC for bypassing meaningful dialogue. Immutable expressed frustration over the lack of detail in the Wells notice, which contained fewer than 20 words of substantive explanation and lacked a clear basis for the investigation.Additionally, Immutable suggested that the SEC's allegations implied inaccurate claims of “fraudulent misrepresentations” related to a 2021 blog post about the IMX token’s pre-launch investment pricing. The company argued that the regulator mischaracterized this information, stating that there was “real consideration” involved in the investment, which could have been clarified through constructive dialogue with the SEC.Immutable emphasized its readiness to defend the rights of builders, creators, and gamers, leveraging its considerable resources. The company reiterated its commitment to the industry and its intention to continue building despite regulatory challenges.
🚀 The future of mobile gaming is evolving fast, and Mistplay's 2024 Mobile Gaming Growth Report reveals some powerful insights for 2025.
With rising user acquisition costs, developers are innovating through new monetization models and strategic partnerships to enhance user engagement and retention. Here’s what’s coming:
1️⃣ Brand Collaborations & Reward Programs: Aiming to reignite interest and keep players engaged over the long term.
2️⃣ In-App Advertising Dominance: 67% of players find new games through ads, but there's a catch—48% feel overwhelmed by the volume of games offered. Balance is key.
3️⃣ Alternative Monetization Models: Mistplay suggests direct-to-consumer (DTC) shops, subscriptions, and premium titles as emerging options. While only 14% currently use DTC, there’s potential for growth as developers diversify beyond app store constraints.
💡 Key challenges ahead? Player retention. Mistplay found that:
- 77% of players churn due to an imbalance between gameplay and monetization.
- 66% leave because of excessive in-game ads.
Mistplay’s Chief Product Officer, Ramanand Reddi, advises developers to fully embrace adaptability and rethink traditional growth strategies to build sustainable revenue.
The mobile gaming industry is poised for big changes. Is your team ready to adapt to the trends?
Read more @VentureBeat: https://venturebeat.com/games/mobile-gaming-will-see-new-innovation-in-monetization-in-2025-mistplay/
#CryptoNewss #GamingNews #Market_Update #CryptoNews🚀🔥
With rising user acquisition costs, developers are innovating through new monetization models and strategic partnerships to enhance user engagement and retention. Here’s what’s coming:
1️⃣ Brand Collaborations & Reward Programs: Aiming to reignite interest and keep players engaged over the long term.
2️⃣ In-App Advertising Dominance: 67% of players find new games through ads, but there's a catch—48% feel overwhelmed by the volume of games offered. Balance is key.
3️⃣ Alternative Monetization Models: Mistplay suggests direct-to-consumer (DTC) shops, subscriptions, and premium titles as emerging options. While only 14% currently use DTC, there’s potential for growth as developers diversify beyond app store constraints.
💡 Key challenges ahead? Player retention. Mistplay found that:
- 77% of players churn due to an imbalance between gameplay and monetization.
- 66% leave because of excessive in-game ads.
Mistplay’s Chief Product Officer, Ramanand Reddi, advises developers to fully embrace adaptability and rethink traditional growth strategies to build sustainable revenue.
The mobile gaming industry is poised for big changes. Is your team ready to adapt to the trends?
Read more @VentureBeat: https://venturebeat.com/games/mobile-gaming-will-see-new-innovation-in-monetization-in-2025-mistplay/
#CryptoNewss #GamingNews #Market_Update #CryptoNews🚀🔥
🚀 WEMIX PLAY Update Alert! 🚀
We’re excited to share new features and enhancements that make WEMIX PLAY more convenient and user-friendly! 🌟
Check out the latest updates below:
[Update Details] WEMIX PLAY Web
🔹 Pin to Top: You can now pin important posts at the top of your channel to keep essential information front and center.
🔹 Inbox: A new “Inbox” feature has been added, allowing for better organization and communication within the platform.
WEMIX PLAY App
🔹 Service Stabilization: We've rolled out improvements to boost app stability for an enhanced experience.
[Update Schedule] 🗓️ October 31, 2024, 14:00 (UTC+9)
[Update Platforms]
🔗 WEMIX PLAY (Web): wemixplay.com
🔗 WEMIX PLAY App (Android): Google Play [play.google.com/store/apps/details?id=com.wemade.wemixplay&pcampaignid=web_share]
🔗 WEMIX PLAY App (iOS): App Store [https://apps.apple.com/app/id6547834517]
We're committed to making WEMIX PLAY a vibrant, enjoyable community for everyone. Thank you for your continued support!
#Wemix #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update
We’re excited to share new features and enhancements that make WEMIX PLAY more convenient and user-friendly! 🌟
Check out the latest updates below:
[Update Details] WEMIX PLAY Web
🔹 Pin to Top: You can now pin important posts at the top of your channel to keep essential information front and center.
🔹 Inbox: A new “Inbox” feature has been added, allowing for better organization and communication within the platform.
WEMIX PLAY App
🔹 Service Stabilization: We've rolled out improvements to boost app stability for an enhanced experience.
[Update Schedule] 🗓️ October 31, 2024, 14:00 (UTC+9)
[Update Platforms]
🔗 WEMIX PLAY (Web): wemixplay.com
🔗 WEMIX PLAY App (Android): Google Play [play.google.com/store/apps/details?id=com.wemade.wemixplay&pcampaignid=web_share]
🔗 WEMIX PLAY App (iOS): App Store [https://apps.apple.com/app/id6547834517]
We're committed to making WEMIX PLAY a vibrant, enjoyable community for everyone. Thank you for your continued support!
#Wemix #CryptoNewss #CryptoNews🚀🔥 #CryptoNewsCommunity #Market_Update
🎉 Happy 16th Anniversary, #Bitcoin! 🎉
Yesterday marked 16 years since the release of Bitcoin's whitepaper, and what a journey it’s been! 🚀 From an experimental concept to a trillion-dollar asset class sparking a financial revolution, Bitcoin has come a long way.
📜 "A Peer-to-Peer Electronic Cash System" – With this vision, Satoshi Nakamoto introduced the world to the first decentralized digital currency, built on transparency, security, and independence.
Here are some incredible milestones since Bitcoin's inception:
1 million+ active wallets showing just how widespread adoption has become 🪙
Global recognition from institutions, governments, and even El Salvador adopting Bitcoin as legal tender 🌎
Bitcoin ETFs & institutional interest – A gateway for broader participation 📈
Lightning Network – Taking BTC transactions to the next level with faster and more efficient payments ⚡
Bitcoin is more than just a currency – it's a movement challenging how we view money, ownership, and trust.
💬 How has Bitcoin impacted your view on finance or inspired your journey? Drop your thoughts below – let’s celebrate this milestone together!
#CryptoNewss #CryptoNewsCommunity #CryptoNews🚀🔥 #NewsAboutCrypto
Yesterday marked 16 years since the release of Bitcoin's whitepaper, and what a journey it’s been! 🚀 From an experimental concept to a trillion-dollar asset class sparking a financial revolution, Bitcoin has come a long way.
📜 "A Peer-to-Peer Electronic Cash System" – With this vision, Satoshi Nakamoto introduced the world to the first decentralized digital currency, built on transparency, security, and independence.
Here are some incredible milestones since Bitcoin's inception:
1 million+ active wallets showing just how widespread adoption has become 🪙
Global recognition from institutions, governments, and even El Salvador adopting Bitcoin as legal tender 🌎
Bitcoin ETFs & institutional interest – A gateway for broader participation 📈
Lightning Network – Taking BTC transactions to the next level with faster and more efficient payments ⚡
Bitcoin is more than just a currency – it's a movement challenging how we view money, ownership, and trust.
💬 How has Bitcoin impacted your view on finance or inspired your journey? Drop your thoughts below – let’s celebrate this milestone together!
#CryptoNewss #CryptoNewsCommunity #CryptoNews🚀🔥 #NewsAboutCrypto
LIVE
Cointelegraph
--
Bitcoin at 16: From experiment to trillion-dollar asset
Bitcoin’s foundational document, the white paper written by its creator, Satoshi Nakamoto, has turned 16.
On Oct. 31, 2008, Nakamoto shared the “Bitcoin: A Peer-to-Peer Electronic Cash System” white paper with a cryptography mailing list, proposing a decentralized, peer-to-peer network capable of preventing double-spending through proof-of-work consensus.
Bitcoin white paper. Source: Bitcoin.org
Just three months later, Nakamoto mined Bitcoin’s first block, known as the genesis block, rewarding 50 Bitcoin (BTC), and launched what is now the world’s largest cryptocurrency network.
Sixteen years later, Bitcoin has reached a market value of over $1.42 trillion, making it the 10th largest asset globally, according to CompaniesMarketCap.
World’s largest assets. Source: CompaniesMarketCap
Days ahead of the white paper anniversary, Bitcoin’s price climbed to a seven-month high above $73,600, coming within $200 of a new all-time high, which some analysts expect to occur after the US presidential election.
Bitcoin: becoming a new “digital gold” for institutions in just 16 years
Bitcoin’s growth has been boosted by investor confidence and institutional adoption for its role as a store of value, according to Mithil Thakore, co-founder and CEO of Velar.
Velar told Cointelegraph:
“Bitcoin has evolved from a niche digital experiment to a global asset class that rivals traditional stores of value like gold. But unlike gold, which has taken thousands of years to establish itself, Bitcoin managed to capture institutional attention, spark regulatory debates, and drive a global decentralized finance movement — all in just 16 years.”
Bitcoin’s maturity, according to Thakore, is evident through rising long-term holdings by institutions, deeper integration with traditional financial markets and growing adoption as an inflation hedge.
Top Bitcoin holders in the world. Source: Eric Balchunas
Highlighting institutional interest, the world’s largest asset manager, BlackRock, surpassed $30 billion in Bitcoin holdings through its spot Bitcoin exchange-traded fund (ETF) on Oct. 30.
Bitcoin ETFs have increasingly attracted attention, underscoring Bitcoin’s transformation from a niche digital currency to a major financial asset.
Bitcoin is the best currency for “financial freedom,” says Tether CEO Paolo Ardoino
Bitcoin has grown to become the world’s best currency, according to Paolo Ardoino, the CEO of Tether, the world’s largest stablecoin issuer.
Speaking exclusively to Cointelegraph at Plan B Lugano in Switzerland, Ardoino said:
“I’m a Bitcoiner. I believe that Bitcoin is the best currency in the world, but not everyone is ready yet. People have bigger struggles in their lives and at this moment, they don’t have the time to invest to understand Bitcoin yet. But, I believe that the role of USDt is also reducing the barrier of entry for these people into Bitcoin.”
Bitcoin, Ardoino added, offers unique value as an alternative to traditional fiat currencies facing inflation pressures, calling it the “ultimate option for financial freedom” in a volatile economic landscape.
Tether’s Paolo Ardoino, interview with Cointelegraph’s Zoltan Vardai, clip. Source: YouTube
Magazine: Microsoft set to vote on Bitcoin, Peter Todd hiding, and more: Hodler’s Digest, Oct. 20–26
On Oct. 31, 2008, Nakamoto shared the “Bitcoin: A Peer-to-Peer Electronic Cash System” white paper with a cryptography mailing list, proposing a decentralized, peer-to-peer network capable of preventing double-spending through proof-of-work consensus.
Bitcoin white paper. Source: Bitcoin.org
Just three months later, Nakamoto mined Bitcoin’s first block, known as the genesis block, rewarding 50 Bitcoin (BTC), and launched what is now the world’s largest cryptocurrency network.
Sixteen years later, Bitcoin has reached a market value of over $1.42 trillion, making it the 10th largest asset globally, according to CompaniesMarketCap.
World’s largest assets. Source: CompaniesMarketCap
Days ahead of the white paper anniversary, Bitcoin’s price climbed to a seven-month high above $73,600, coming within $200 of a new all-time high, which some analysts expect to occur after the US presidential election.
Bitcoin: becoming a new “digital gold” for institutions in just 16 years
Bitcoin’s growth has been boosted by investor confidence and institutional adoption for its role as a store of value, according to Mithil Thakore, co-founder and CEO of Velar.
Velar told Cointelegraph:
“Bitcoin has evolved from a niche digital experiment to a global asset class that rivals traditional stores of value like gold. But unlike gold, which has taken thousands of years to establish itself, Bitcoin managed to capture institutional attention, spark regulatory debates, and drive a global decentralized finance movement — all in just 16 years.”
Bitcoin’s maturity, according to Thakore, is evident through rising long-term holdings by institutions, deeper integration with traditional financial markets and growing adoption as an inflation hedge.
Top Bitcoin holders in the world. Source: Eric Balchunas
Highlighting institutional interest, the world’s largest asset manager, BlackRock, surpassed $30 billion in Bitcoin holdings through its spot Bitcoin exchange-traded fund (ETF) on Oct. 30.
Bitcoin ETFs have increasingly attracted attention, underscoring Bitcoin’s transformation from a niche digital currency to a major financial asset.
Bitcoin is the best currency for “financial freedom,” says Tether CEO Paolo Ardoino
Bitcoin has grown to become the world’s best currency, according to Paolo Ardoino, the CEO of Tether, the world’s largest stablecoin issuer.
Speaking exclusively to Cointelegraph at Plan B Lugano in Switzerland, Ardoino said:
“I’m a Bitcoiner. I believe that Bitcoin is the best currency in the world, but not everyone is ready yet. People have bigger struggles in their lives and at this moment, they don’t have the time to invest to understand Bitcoin yet. But, I believe that the role of USDt is also reducing the barrier of entry for these people into Bitcoin.”
Bitcoin, Ardoino added, offers unique value as an alternative to traditional fiat currencies facing inflation pressures, calling it the “ultimate option for financial freedom” in a volatile economic landscape.
Tether’s Paolo Ardoino, interview with Cointelegraph’s Zoltan Vardai, clip. Source: YouTube
Magazine: Microsoft set to vote on Bitcoin, Peter Todd hiding, and more: Hodler’s Digest, Oct. 20–26
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