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Christie’s Introduces Blockchain Ownership for Art

Christie’s and Kresus Team Up

Christie’s has partnered with Kresus, which is a crypto wallet system used to provide blockchain based certificates of ownership for over 130 artworks. This move brings a new modern method to track art ownership.

Blockchain-Powered Certificates

This project will be using Coinbase’s Base blockchain, with the help of which Christie’s will mint unique digital certificates. These certificates will be stored in Kresus wallet which provides extra secure environment as compared to traditional paperwork. This makes ownership of artwork tamper-proof and easily accessible by the owner.

Art Collection Made Easier

Kresus founder stated how blockchain has helped simplify several other sectors and it’s help will surely simplify artwork management, reducing the hassle of paperwork. This partnership has started painting a picture of blockchain and art coming together.

AI Tokens Drop by $4.69B in Early October

Summary

The “uptober” trend going around for a while seems questionable now as in just 3 days into October, the market for AI and big data-related cryptocurrencies took a major hit, losing $4.69 billion.

The “uptober” word was circulating around a lot, suggesting that October was the month for an increase in AI tokens but instead the first three days show a huge loss of $4.68B. Over just three days the market capital has fallen from $38.82 billion to $34.13 billion. A major AI token, Near Protocol (NEAR) suffered the most as its value lost 14.88% over the past seven days. Bittensor (TAO), another big name in the AI market has also by 9.37%, bringing its price to $492.62. Similarly, Internet Computer (ICP) and Render (RNDR) have also dropped by over 13% contributing to the overall market decline.

Even with such huge losses, the situation still remains pretty good considering how bad it had become in the summer months. The tokens are still $13 billion higher than in summer. This perspective suggests that this recent downturn is just a short-term volatility, the long-term trend remains more optimistic.

Blockchain Technology: A Beginner’s Guide in 5 Simple Steps.

Wanna learn blockchain in simply 5 steps? Here is a guide.

1. What is Blockchain?

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Blockchain is a digital ledger that records all and every transaction detail. This transaction detail is noted down on every participant of said blockchain which makes it nearly impossible to break through by outsiders. This system of information being scattered and saved on different networks is called a decentralized system. The transaction detail or any valid information on the blockchain system is stored in a block and several of these records are joined together by a chain, hence the name Blockchain. Every user on the network gets a copy of the entire blockchain making this digital ledger bulletproof.

2. How Does Blockchain Work?

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Blockchain works on several computers called nodes, which validate the information( Mainly transactions). When a transaction occurs, its detail is bundled up with others in a block and several nodes scan the block as well as validate its integrity. Once the transaction is validated the block is added to the blockchain, forming a permanent record. This process ensures data integrity and data security of the whole block.

3. Smart contract

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Smart Contracts are policies and rules that bind all the pieces of blockchain together. These are self-executing contracts with terms and conditions written into code. Once the terms and conditions are met this contract will automatically enforce itself, removing the need for Middle-Man during transactions. Smart Contracts provide transparency, security, and Immutability. This ensures that data cannot be altered without detection.

4. Layer-1 and Layer-2 Blockchains

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I) Layer-1 Blockchains:

Layer-1 Blockchains are foundational blockchains that can establish, manage, and record all transactions on their own. Examples include Bitcoin, Ethereum, and Binance Smart Chain. Layer-1 Blockchains do face scalability and speed issues due to the limited number of transactions per second.

II) Layer-2 Blockchains:

Layer-2 Blockchains are simply upgraded and better versions of Layer-1 Blockchains. Layer-2 Blockchains are built on top of the base layer( Layer-1). They process transactions off-chain reducing the load on layer 1 and increasing its work efficiency.

5. Uses of blockchain

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  • Cryptocurrency
  • Supply Chain Management
  • Healthcare
  • Voting System
  • Finance

Conclusion

By understanding these 5 points, you’ll have a basic and general grasp of blockchain technology, including the difference between Layer 1 and Layer 2 blockchain.

Will BTC Hit $200K Next Year ?

The name Dave The Wave is famous in the digital world for his near-perfect accuracy on market predictions. He has again predicted a dramatic change in one of the leading cryptocurrencies by the end of 2025. Given his track record of successfully calling out and predicting market trends in the past, several Blockchain enthusiasts have their notebooks out for a delightful reward.

Dave the wave makes a subtle prediction on the future of Bitcoin.

Through a combination of technical analysis and the use of his Logarithmic Growth Channels(LGC), he has forecasted a dramatic price increase for the leading cryptocurrency Bitcoin. He predicts an increase of 214% from its current value making the price value of BTC $200,000 which is an absurd amount. He further supports and shows a positive outlook for Bitcoin in the coming years.

Dave the Wave who has accurately predicted previous market moves shared another forecast on the potential future of Bitcoin. He predicted bitcoin hitting a remarkable value of $200000 on X (Formerly Twitter), He based his prediction on his own Logarithmic Growth Channels(LGC). LGC is used to determine short-term volatility as well as long-term market trends. He also mentions Bitcoin forming a cup-and-handle pattern on weekly charts. He also notes that BTC appears to follow a strange pattern of higher highs and higher lows which suggests a strong bullish momentum.

A Famous Name, Dave the wave forecasted Bitcoin hitting a wildly absurd milestone of $200,000 market value. He also expressed good outlooks for Bitcoin in the future.

ANZ Bank Explores Tokenized Assets with Project Guardian

ANZ Bank Joins Project Guardian

ANZ Bank, one of Australia’s ” Big Four ” banks has become the first Australian bank to join Project Guardian. This program is led by the Monetary Authority of Singapore. This project has its objective to use blockchain to represent real-world assets as digital tokens. This project is formed on collaboration between Chainlink Labs and ADDX. ANZ will test the ability of computer systems to exchange and make use of the information of those digital tokens on a private blockchain.

Exploring Tokenized Assets and Blockchain Interoperability

ANZ is borrowing Chainlink’s cross-chain ability to profit from the exchange of tokenized assets, such as commercial paper. This project runs on a platform already established by other successful organizations like Swift’s. Tokenization allows real-world traditional assets to be represented digitally making it several times easier to trade on blockchain networks. However, this does come with a great challenge which is Interoperability (This is the ability of computer software to exchange and make use of provided information) between different blockchain networks. ANZ directs this issue by providing a better-decentralized network.

Paving the Way for Digital Finance Innovation

ANZ is venturing into the digital market to help customers navigate the evolving landscape of the blockchain ecosystem. The bank’s participation in Project Guardian represents its positive outlook towards the new digital age. This action just causes a domino effect and later in the future, we might see even more banks being involved in such programs.

Theta Network Is Expanding

Summary

Theta Network is expanding its reach by collaborating with huge institutions and honestly, the potential glow-up from this collab could be major. It has announced partnering up with a Korean University led by big brains like Prof. Donghyun Kim.

Korea University, ranked #7 in Asia, is known for its technology and research. With over 37K students and the world’s excellent professors, this collaboration is promising huge developments in the future. It has joined Theta Network as an EdgeCloud AI customer through its Universal Transfer Learning (UTL) Lab led by Prof. Donghyun Kim. This multi-year agreement will allow researchers at Korea University to use Theta’s EdgeCloud scalable GPU resources to enhance research in AI.

Through this agreement, Theta will provide UTL Lab with the highest-performing NVIDIA H100 GPUs across East Asia needed to train advanced AI models, including domain and task transfer, and efficient adaptation of foundation models. This agreement gives Korean students a platform to research and allows ThetaNetwork to expand its reach on the Korean market while also enhancing training on advanced AI models. Thereby, profiting both sides.

ThetaNetwork is building a reputation and connections among the most developed societies and strongest economies in the world. This collaboration with Korea University attracts very intelligent individuals making material networks formed there incredibly powerful.

Billionare Changpeng Zhao Investing Big in AI, Blockchain and Biotech

Summary

Binance co-founder Changpeng Zhao, one of the biggest name in crypto, has just spoke out for the first time since he was in custody. After serving 4 months in California and paying $50 million on a personal fine, CZ is still all in on AI, blockchain and biotech. In fact, he's doubling down on his investments and lays out a fresh vision for the future of the space, making it very clear that he's not backing down from pushing crypto world to the mainstream.

Changpeng Zhao was in custody regarding legal issues surrounding Binance, the crypto exchange he co-founded. U.S. authorities claimed that Binance didn’t follow strict regulations, which allowed criminals and terrorist organizations to misuse the platform for illegal activities. As a settlement, CZ had to pay a huge amount and even serve 4 months in California as part of the plea agreement.

Following his release CZ posts on X (Twitter) that he will continue investing in blockchain, artificial intelligence, and biotechnology. “I am a long-term investor who cares about impact, not returns”, he says. Despite his departure from daily operations, Zhao reassured followers that Binance seems to be doing well without him back-seat-driving, which is every founder’s dream. Zhao shared he also plans to invest more in philanthropy and education highlighting his latest project Giggle Academy. He also said he is about two-thirds complete on writing his book.

Despite his legal troubles, Zhao’s net worth remains above $60 billion, making him the richest person ever to serve time in a U.S. correctional facility. This is a new chapter in Zhao’s life, evolving beyond constraints with a fresh perspective and it is interesting where it can go.

FTX Repayments: Could $16 Billion Spark the Next Crypto Bull Run?

The Potential for a Bull Run

The idea of FTX starting a bull run comes from risk-hungry investors. This belief might turn out to be a risk worth taking or it might also nosedive into the abyss. With Bitcoin steadily breaking all bounds and reaching new heights daily, FTX repayment might join in and align itself with a broader crypto market. This could also cause further growth in the crypto space.

Will the Market React Positively?

Not all creditors are thrilled about receiving cash instead of crypto. This is to be expected everything is bound to have 2 sides and in this case, most investors and creditors seem to be on board with a potential bull run while a certain amount has a skeptical view.

Japan’s FSA to Reclassify Crypto in Upcoming Rule Review

Japan’s Regulatory Shift on Cryptocurrency.

Japan is preparing for a different approach to digital assets as Japan’s Financial Services Agency (FSA) is reviewing its current cryptocurrency regulations. This review conducted by Japan could lower taxes on crypto and enable local funds to invest in the digital market. This possibility shows the growing role of blockchains, particularly cryptocurrencies as an investment tool. The review of the newer technological sector by Japan shows its effort to adapt to ever ever-evolving crypto landscape. A whole nation contributing to a program dedicated to a blockchain element suggests its vast significance.

Japan’s Financial Services Agency (FSA) reviewing current crypto regulations.

Reclassifying Crypto for Stronger Investor Protections

The FSA’s review will mainly focus on the ability of current regulations to provide necessary protection for investors, as cryptocurrencies are now more commonly used for investment rather than payment. If cryptocurrency is seen as an investment token, FSA might reclassify Crypto as a Financial Instrument under Japan’s Investment Law. This might sound terrible to some but this does provide better legal protection for investors and lower tax on crypto gains, which currently is up to 55%. If the review is to go as predicted the new rate could slide down to 20%, which would make it comparable to other investments like stocks.

A Push Toward Crypto-Friendly Reforms

The sudden news of the review on crypto regulation shows Japan acknowledging Cryptocurrency as well as Blockchain technology to be an important factor for the future development of a nation. Japan is encouraging capital investments in digital assets as well as taking steps to nurture its blockchain ecosystem. This reclassification of regulation shows Japan’s positive attitude towards Cryptocurrency. If the reformation is successful then it might turn Japan into a crypto-friendly market.

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Worldcoin Breaking Out From Consolidation

Summary

After a long time of stepping aside from the big market and maintaining a low but consistent price, worldcoin has managed to return to the game. It finally broke through the $2 mark with 11% surge and a whooping 100% spike in volume over the last 24hrs. With this growing positive vibes and increased market activity, bulls now face the challenges maintaining this upward momentum, setting a stage for levelling up towards $3.


Most Worldcoin holders are in a loss position because when they bought the coin it was almost $8 but now even after the increase it has only managed to hit $2. Worldcoin reached its all-time high of $11.9 within a year of its launch, around the same time Bitcoin hit its peak at $73K. The surge in Worldcoin’s price was largely due to aggressive buying, with increased interest in the coin but, since the price has now fallen many holders are now holding it at a lower value.
Around 4280 wallets hold a total of 1.54 million Worldcoins. These coins were brought at a much higher price than what it has become today. These holders are more likely to retain their positions rather than selling it now at a loss but if the coin dives down to $1.93, it may trigger more selling from large holders, making the situation worse.

Worldcoin destined to fail?

Whenever Worldcoin gets close to an important price level, there’s usually a sudden increase in people depositing more coins the next day.

For example, in mid-July, when buyers tried to stop the price from dropping, worldcoin jumped 11% in one day. However, the next day, many people deposited their coins into exchanges, which created slowed down the price rise and prevented further gains.

In short, while the price of Worldcoin sometimes rises quickly, large deposits of coins into exchanges can act as a barrier, stopping the price from going up even more.

Involvement of big players

During August and September, a steady stream of worldcoin was being deposited into exchanges, totaling up to $2 million in value at its highest point. Despite this selling pressure worldcoin still managed to surge by 30% in the last week which suggests the involvement of big players buying enough coins to maintain the coins being sold, keeping the price from falling.

This sparks interest as to what the next stage may be for Worldcoin.

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