Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Andreessen Horowitz’s a16z Sees Bright Future for U.S. Crypto Industry

In brief, During his latest statement, venture capital Andressen Horowitz (a16z) showed optimism about the future of the U.S. crypto industry. A16z also strongly implied the growing scope and potential for regulatory clarity and opportunities for innovation, urging builders to remain focused on compliance while leveraging blockchain’s benefits for consumers.

A16z’s Optimistic Outlook

On Nov. 11, a16z launched a note stating it’s positive point of view on the United States crypto industry’s future. The firm then motivated the builders to take merit of the new coming regulatory clarity that could potentially create a more supportive and helping environment for crypto innovation. A16z leader also highlighted increasing interest from crypto founders, with many inquiring about how the latest political developments might impact their projects.

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Promising Consumer-Focused Applications

The letter explained in detail how the emerging blockchain technology could potentially empower day to day consumers by providing control over their digital identities, creating new business models for creators and providing facilities for low-cost global transactions. A16z also preferred the usage of stablecoins as tool to enhance payment efficiency, as well as a potential applications for decentralized social media and cross-border payments.

Hope for Regulatory Clarity

A16z very passionately pointed out the need for much clearer regulations to replace the current “regulation by enforcement” approach, which has more often than not left companies in uncertainty. The firm is optimistic about clearer policies allowing legitimate projects to grow while also enhancing consumer protection. It also assured it’s commitment towards fair policy in congress to sustain crypto innovation.

Conclusion

Andreessen Horowitz sees this as a significant time for United States to grow in Crypto industry. The firm still remains optimistic about their view on clear policy.

Pepe Unchained Presale Nears $27M Breakthrough

Pepe Unchained is absolutely popping off with $26.5M+ raised in its recent presale and its all thanks to its 91% staking APY and smart tokenomics. Users can now snag $PEPU with ETH, BNB, USDT, or even cards. Its Layer-2 Pepe Chain promises users with fast and cheap transactions, damn perfect for meme coin traders. With over 150M tokens staked pre-launch and top spots on CoinSniper, it’s really gearing up for DEX listings.

Pepe Unchained is one of the meme based cryptocurrency project that inspired by the internet-famous Pepe the Frog. It aims to blend the fun and community driven spirit of meme coins with exciting crypto features like staking and Layer-2 solutions. Its L2 solutions even tackles Ethereum’s scalability issues by enabling faster and cheaper transactions. The project has already seen over 150 million tokens staked before its official launch and has secured a high ranking on CoinSniper.net.

As of recent, its gaining major traction from all sides because it recently passed $26.5 million in presale funding of $PEPU token. This fast progress has set all major investor’s eye all over it, particularly due to attractive staking options and structured tokenomics. Plus, it also made an impressive $2 million jump in the last four days alone.

Pepe Unchained also offers a high Annual Percentage Yield (APY) of 91% for users who stake their $PEPU tokens. This makes it attractive for those looking to earn significant passive income. However there’s a catch, as more people stake their tokens, the rewards might decrease because the staking pool would be distributed among a larger number of participants.

The way these $PEPU tokens are handled is designed to support project’s overall growth as 30% of the total tokens are reserved specifically to reward stakers and other portions are used for the presale, marketing efforts, maintaining liquidity and funding the project’s development.

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With Pepe approaching close to its  $27 million goal, its going for DEX listings after the presale. For investors that are into meme coins, this could be your next big play!

Crypto Market Surges to $3.12T, Surpassing Tech Giants in Valuation

The crypto market hit a massive hit of $3.12 trillion and majority of thanks goes to the impressive surge of Bitcoin, reaching as far as $89,500. This makes crypto more big than tech giants like Microsoft and is nearly on par with leading tech companies like Nvidia and Apple. If Bitcoin manages to cross $100K by end of the year, it could hit $2 trillion in market cap. In order to push the market to $4 trillion, experts are eyeing on altcoins for next rally. In short, crypto’s on fire and there’s no signs of if backing off anytime soon.

The cryptocurrency market is has reached a new milestone. Its going up like crazy, especially after the U.S. presidential election, as of just recent the total market capitalization by crypto has reached a staggering  $3.12 trillion. This has led it to surpass many massive tech giants including Microsoft and is right behind world’s top companies like Nvidia and Apple. This surge also largely benefitted Bitcoin and once again proved itself to be a must have digital asset right now.

As of November 12, the price of BTC is $88,656.67 after riding on 8% rise since past 24 hour. This coin alone holds market cap of over  $1.77 trillion which is larger than the GDP of Spain. Bitcoin’s today rally has also driven its market cap above that of silver yet again. Experts predict, this token has potential to cross $100K mark by the end of December, if that happens BTC will alone hold $2 trillion in market cap. This will surely boost overall crypto market scene and push its overall market capitalization to $4 trillion.

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However  Rachael Lucas from BTC Markets believes the push towards $4 trillion will not solely be because of BTC. She says it requires help from up and coming altcoins’ upward thrust. While this will reduce Bitcoin’s dominance, no other platform is even close to BTC so it shouldn’t affect much.

Nevertheless, as Bitcoin continues to dominate, other virtual currencies such as Ethereum and Solana are also expected to comply with the upward trend.

DeltaPrime Suffers Second $4.7 Million Hack Attack

In brief, DeltaPrime which is a Crypto Broker has again suffered from a heartbreaking hack, with about $4.7 million stolen from its funds. This is second attack on the platform since September, which raises a serious question about the company’s security and operations.

DeltaPrime Targeted Again

DeltaPrime, which is a reputed decentralized protocol is backed by notable investors like Avalanche and GSR Market has faced another major security breach on Nov, 11. This security breach cause the company a devastating loss of approximately $4.7 Million. This breach included an attack on several liquidity pools on Arbitrum, with funds reportedly siphoned via a weak link in the protocol’s periphery adaptor contract.

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Analysts Confirm Break and Track Stolen Funds

Blockchain analysis at Certik confirmed the attack and found out that the amount stolen were held at a particular wallet address. After the security breach, Deltaprime accepted that both of it’s Avalanche and Arbitrum fund pool were affected, bringing total loss to $4.7 million.

Previous Incident in September

This incident isn’t the first time Deltaprime has suffered a security breach but just few months ago in September, hackers managed to get inside the network through a weak private key security which resulted in a $6 million loss. The platform is also connected to North korea’s IT personnel, which has raised a lot of questions regarding security vulnerabilities, though the flagged personnel were removed earlier this year.

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Background and Funding

Launched in January 2023. Deltaprime quickly managed to get good response from as it had managed to garner over $63 million in total value locked. The platform was supported by reputed investors like Avalanche, GSR Capital and Moonhill Capital, the protocal at first promised to provide robust security and light like efficiency. Yet, the repeated breach and repeated money stolen raise significant concerns about it’s promises.

Conclusion

With two major breached within just few months, Deltaprime is sure to face a lot of backlash on it’s security policy. Users and investors alike await the company’s response and any concrete steps to prevent future incidents.

HyperCycle’s Strategic Fork Paves the Way for AI Expansion

So basically, HyperCycle which is a peer to peer (P2P) AI network infrastructure. It has just recently announced a major expansion to accommodate rapidly increasing demand. They are splitting into two paths: H.M (open-source for decentralized AI devs) and H.H (hybrid for enterprise AI with zero fees). Both of them will work together in bridging decentralized and traditional systems while scaling their network.Token holders will even get airdrops of METC which is a new token for H.M. This move absolutely solidifies HyperCycle as a key player in secure, scalable AI networking for devs and big tech alike.

HyperCycle is basically a peer to peer AI network infrastructure designed to enable a secure, scalable and a decentralized connectivity for every artificial intelligence systems. It uses blockchain and advanced cryptographic technologies which allows AI agents to interact, transact and even share resources in a decentralized manner. The infrastructure has announced their expansion by working with a strategic leadership and non-contentious fork aimed at maximizing the platform’s scalability and broadening its reach across AI sectors.

They are going for a dual path approach, referred to as HyperCycle.MetaCycle (H.M) and HyperCycle.HyperCycle (H.H). They will allow HyperCycle to better serve both traditional and decentralized AI markets which will ultimately ensure secure and networked growth for the AI ecosystem.

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In short, HyperCycle is forking twox paths: H.M (open-source for decentralized devs) and H.H (hybrid for enterprise AI) to stay connected and let AI agents work seamlessly. The main focus of H.H is on B2B licensing and zero fees while H.M. is more focused on transparency and decentralized AI. H.M. is even backed by big names like SingularityNET, which is one of the top AI crypto platform.

This dual model is similar to Android vs iOS but for AI, as its bridging centralized and decentralized worlds in order to create the “internet of AI” which is secure and scalable for future.

Dogecoin Nears Breakout as ETFSwap (ETFS) Forecasts Unprecedented 65,000% Surge by 2025

In short, Dogecoin is looking for a breakout as its potential to push ETFSwap (ETFS) is ready to skyrocket by 65,000% by 2025. ETFSwap is next gen DeFi platform which offers tokenized EFTs in areas like real estate and healthcare, with crazy staking rewards and AI tools for smart investments. DOGE’s buzz and the recent rise of market activity is fueling up this hype especially after ETFSwap presales already booming at $0.05769 per token. This means Doge is ready to disrupt the crypto game pretty soon !

Considering the changing nature of cryptocurrency market, analysts are closely monitoring the movements of a particular memecoin named Dogecoin. The reason for this is that many believe DOGE token is on the verge of a probable massive breakout which could lead to an impressive 65K% rally in the price of ETFSwap (ETFS) by 2025.

About ETFSwap

ETFSwap is a DeFi platform that lets users to invest in tokenized ETFs such as real estate and health care which comes with their crazy features like 10X and even 50x returns, not only that, 87% APY is also given for staking. As Dogecoin (DOGE) gears up for its breakout, ETFSwap is also getting ready for huge benefit, with a wuld 65,000% rally predicted by experts till 2025.

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Dogecoin Price Forecast

On November 12, 2024 the price of Dogecoin’s token DOGE is $0.4039 and it holds a 24 hour trading volume of about $30 billion. This impressive report suggests a 44.37% increase of its price over the last 24 hours and a staggering 144.44% increase over the past seven days. It currently holds a total 150 billion DOGE coins circulating worldwide and is valued at a market capitalization of massive $59 billion.

HIVE Digital Expands with 6,500 New ASICs and Paraguay Mining Facility

In brief

With the acquisition of 6,500 additional ASIC miners and the building of a 100 megawatt renewable energy mining facility in Paraguay, HIVE Digital is increasing its mining capacity. These steps will assist HIVE reach its goal of sustainable growth by boosting capacity and efficiency.

HIVE Acquires 6,500 ASIC Miners

HIVE Digital has ordered 6,500 advanced ASIC miners from Canaan Inc., each offering 185 terahashes per second. The first 500 units will arrive this week, with the remainder expected by early 2025. This upgrade will raise HIVE’s mining power to 6 exahashes per second by March 2025.

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Increasing Mining Efficiency and Capacity

HIVE anticipates increasing its mining capacity and efficiency with a higher hashrate. Following the announcement, the company’s stock increased by more than 15%, indicating that the market was confident in its strategic improvement.

Sustainable Infrastructure in Paraguay

HIVE is currently building a 100 MW renewable energy mining operation in Paraguay in conjunction with the ASIC update. HIVE’s capacity is anticipated to reach 12.5 EH/s by late 2025, with the first 30 MW projected to be operational by early Q2 2025.

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Conclusion: With new, energy-efficient miners and a renewable energy facility, HIVE is expanding sustainably and positioning itself for growth in the Bitcoin mining sector.

Deutsche Telekom Partners with Meta Pool to Advance Decentralized AI on NEAR Protocol

The team up of Deutsche Telekom with Meta Pool is creating huge buzz over decentralized tech. These two giants have teamed up in order to run a validator node on NEAR. This collab is ready to boost NEAR’s security and scalability by blending blockchain technology, AI, and privacy. This initiative really pushes boundaries for decentralized apps and eco-friendly blockchain. With Deutsche Telekom’s tech power, they’re surely leveling up NEAR and setting the vibe for a user-first, privacy-driven, decentralized future.

Decentralized technology has just taken a huge leap by the collaboration of Deutsche Telekom MMS and Meta Pool. They have collaborated as a part of  Enterprise Node Operator (ENO) program, which is a program by Meta Pool that is specially designed to connect major industry players with decentralized blockchain ecosystems. This collab leads to the program becoming first ever telecommunications giant to operate a validator node on the NEAR blockchain. Furthermore, it also gives signs of a new era of enterprise-driven blockchain adoption, powered by Meta Pool.

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This ENO program by Meta links big names with decentralized tech. By joining, Deutsche Telekom powers up NEAR’s network with top-tier infrastructure, making it more stronger and faster. This partnership is a big win for Meta Pool as it succeeds in fulfilling its very main goal of taking NEAR’s blockchain to the next level, especially focused on enhancing both scalability and security of the system. Deutsche Telekom joins in on this to push innovation in scalability, privacy, and their multi chain systems even further all of this in order to create a user-first, decentralized future focused on data privacy and transparency. With their expertise, NEAR is sure to level up its decentralization game and reshape the landscape of blockchain.

MicroStrategy Increases Bitcoin Holdings to $22 Billion

In brief, investing $2 billion to purchase an extra 27,200 Bitcoin, Michael Saylor’s MicroStrategy has once again made a substantial addition to its holdings. With this most recent acquisition, MicroStrategy’s total Bitcoin holdings now total an incredible 279,420 BTC, which is currently valued at nearly $22 billion. Saylor’s aggressive plan to establish his business as one of the biggest institutional Bitcoin holders is strengthened by this action.

MicroStrategy’s Latest Bitcoin Investment

Michael Saylor’s software giant, MicroStrategy, continues to double down on its ambitious Bitcoin acquisition strategy. Saylor revealed the company’s most recent acquisition of $2.03 billion worth of Bitcoin on November 11, increasing its current holdings by 27,200 BTC. MicroStrategy has secured its position as a prominent corporate Bitcoin holder by increasing its total Bitcoin reserves to 279,420 BTC since the business began investing in Bitcoin in 2020. The average purchase price for this recent acquisition was approximately $74,463 per BTC, according to MicroStrategy’s public disclosures.

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Bitcoin’s Boom After the Election

MicroStrategy’s acquisition coincided with a time when Bitcoin was experiencing strong upward momentum. The price of Bitcoin has surged since Donald Trump was elected president, hitting a fresh high of $83,400. Rekindled confidence about pro-crypto policies and favorable macroeconomic conditions have increased investor demand for digital assets. Bitcoin’s market value alone has increased to $1.6 trillion due to post-election inflows and continued interest from both institutional and individual investors. Since Trump’s victory, the cryptocurrency market has seen an infusion of over $500 billion, much of it focused on Bitcoin, enhancing its standing as an inflation hedge and store of value.

Getting Money to Purchase More Bitcoin

MicroStrategy revealed intentions to raise an additional $42 billion through debt and stock transactions to support its aggressive buying strategy, which will enable the company to keep accumulating Bitcoin. Saylor, a strong supporter of Bitcoin, believes that it is a better store of value than conventional investments. In a recent interview, Saylor stated, “As part of our long-term strategy, we are focused on increasing our Bitcoin reserves as institutional demand grows.”

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Market optimism and record inflows

The investment by MicroStrategy coincides with a surge in market interest in digital assets, as evidenced by the record $31.3 billion in inflows into cryptocurrency products so far this year. According to experts, this spike in inflows, which was sparked by Trump’s victory and investor optimism, may encourage further appreciation of Bitcoin and other digital assets. Analysts advise investors to use caution when navigating the current bullish environment, pointing out that the sharp increase may potentially contain hazards of market excitement.

Nano Labs Embraces Bitcoin Payments as Strategic Move in Digital Economy

In brief, In a strategic move toward digital finance, Nano Labs, a Chinese company that designs cryptocurrency-mining chips, has begun to accept Bitcoin as payment for its goods through Coinbase. The action demonstrates Nano Labs’ dedication to a “long-term vision” in the developing digital economy and is in line with growing interest worldwide in crypto-enabled transactions in the technology industry.

Bitcoin Payments and Strategic Vision

Nano Labs, based in Hangzhou, announced its acceptance of Bitcoin payments, facilitated through a Coinbase business account, to meet the increasing demand for cryptocurrency in cross-border transactions. This decision is part of a broader plan to align with digital economic trends. The company has yet to clarify if it will hold Bitcoin on its balance sheet.

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Effect on the Stock and Market Reaction

Strong investor interest and trust in Nano Labs’ trajectory toward embracing bitcoin was demonstrated by the 5.6% increase in the company’s stock price to $3.40 in pre-market trading after the announcement.

Background of the Organization

The Cuckoo and Darkbird chips are the products of Nano Labs,a fabless IC designer founded in 2019 by Kong Jianping and Sun Qifeng. The company has made a substantial amount of money in China since going public in July 2022, demonstrating its position as a major technology supplier in the area.

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