VENA(VENA)

Bitcoin Magazine’s technical editor says it’s necessary to implement covenants - which allow joint ownership of UTXOs - if Bitcoin is to fulfill its promise of bringing financial self-sovereignty to people globally.

The haphazard price action caused over $200 million in liquidations of crypto-tracked futures, of which $150 million were longs, or bets, against higher prices.

Lors de la toute première vente par la maison de ventes aux enchères historique des inscriptions Ordinals connues sous le nom de « NFT sur Bitcoin», un lot de trois images pixellisées provenant d'une collection sur le thème des champignons a rapporté environ 450 000 $, soit environ cinq fois les estimations les plus élevées.

The aim of the project was to allow wealth managers to tokenize funds and to be able to purchase and rebalance positions in tokenized assets across multiple interconnected chains.

Cryptocurrencies have found their way into the minds of investment managers and Wall Street moguls. These financial analysts and specialists are rejuvenating their crypto interests after the frenzy created by multiple Bitcoin ETF applications by various investment funds. A general assumption typically made by the cryptocurrency community is that Wall Street participants are just eagerly […]

As BTC has gained over 100% this year, most observers tied its recent strength to a looming approval of a spot BTC ETF. But its increasingly constrained supply, underinvested market participants and bitcoin's rejuvenated shine as a safe haven from spiraling debt levels, banking crises and geopolitical turmoil may also have played a role.

Zug, Switzerland, August 10th, 2023, ChainwireSynesis One, the world’s first AI data crowdsourcing platform on the Solana Blockchain, announced today the launch of its new Train2Earn App ‘Workspace by Synesis’ on iOS, Android, Saga, and web browsers. The App allows anyone, anywhere in the world to train AI and earn rewards.“The Workspace App is a significant leap forward in our mission to provide high quality data to companies developing AI applications,” said Paul Lee M.D., Cofounder and CEO of Synesis One. “We designed the Synesis One platform to connect companies that need quality AI training data with digital workers who can generate the data quickly, and at competitive prices.”The need for high-quality data to train and refine AI models is growing at an exponential rate, as nearly every industry from financial services to health care is starting to integrate AI into their business processes. Without data, AI models are basically useless: they can't make connections or find patterns or make predictions. That’s why humans are still needed to train AI systems.“We’re a bit like Wikipedia,” says Paul. “Synesis One workers are contributing and refining data every day. But unlike Wikipedia, our contributors are paid for their contributions. That's why we call our business model Train2earn. They train AI and earn rewards.”The applications for Synesis One are limitless. “Train2Earn is the first enterprise-quality on-chain software where business logic is conducted entirely on blockchain,” said Synesis One Head of Product and CTO David Saccon. “This means the provenance of our crowdsourced data is fully traceable and auditable. We believe we are providing a critical component for a new type of open data supply chain to power AI applications.”In addition to crypto payments, the Train2Earn platform also uses the blockchain to enable a public voting process in which contributors reach consensus about the quality of the submitted data. The result is a web3 application that is secure, decentralized, and interoperable.Synesis One’s first client is Mind AI, which is building an advanced natural language reasoning engine. The Synesis One community is helping their team of computer scientists crowdsource the 'mental map' the engine needs to make sense of the world. By training the engine, contributors are also helping humanity achieve the goal of general artificial intelligence.The Train2Earn mobile app is now available for download on the App Store, Google Play Store, and Saga phone App marketplace.For more information about Synesis One and the Train2Earn mobile app, please visit www.synesis.one.About Synesis OneSynesis One was founded in 2021 to crowdsource data needed to train a conversational reasoning engine for sister company Mind AI. The platform connects corporate clients in need of AI training data with crowdsourced human intelligence to provide it. The company raised $9.5 million to fund development of the platform and data ecosystem.For more information: Website | Telegram| Twitter| Medium | DiscordContactHead of GrowthIsaac BangSynesis [email protected]

Zug, Switzerland, August 10th, 2023, ChainwireSynesis One, the world’s first AI data crowdsourcing platform on the Solana Blockchain, announced today the launch of its new Train2Earn App ‘Workspace by Synesis’ on iOS, Android, Saga, and web browsers. The App allows anyone, anywhere in the world to train AI and earn rewards.“The Workspace App is a significant leap forward in our mission to provide high quality data to companies developing AI applications,” said Paul Lee M.D., Cofounder and CEO of Synesis One. “We designed the Synesis One platform to connect companies that need quality AI training data with digital workers who can generate the data quickly, and at competitive prices.”The need for high-quality data to train and refine AI models is growing at an exponential rate, as nearly every industry from financial services to health care is starting to integrate AI into their business processes. Without data, AI models are basically useless: they can't make connections or find patterns or make predictions. That’s why humans are still needed to train AI systems.“We’re a bit like Wikipedia,” says Paul. “Synesis One workers are contributing and refining data every day. But unlike Wikipedia, our contributors are paid for their contributions. That's why we call our business model Train2earn. They train AI and earn rewards.”The applications for Synesis One are limitless. “Train2Earn is the first enterprise-quality on-chain software where business logic is conducted entirely on blockchain,” said Synesis One Head of Product and CTO David Saccon. “This means the provenance of our crowdsourced data is fully traceable and auditable. We believe we are providing a critical component for a new type of open data supply chain to power AI applications.”In addition to crypto payments, the Train2Earn platform also uses the blockchain to enable a public voting process in which contributors reach consensus about the quality of the submitted data. The result is a web3 application that is secure, decentralized, and interoperable.Synesis One’s first client is Mind AI, which is building an advanced natural language reasoning engine. The Synesis One community is helping their team of computer scientists crowdsource the 'mental map' the engine needs to make sense of the world. By training the engine, contributors are also helping humanity achieve the goal of general artificial intelligence.The Train2Earn mobile app is now available for download on the App Store, Google Play Store, and Saga phone App marketplace.For more information about Synesis One and the Train2Earn mobile app, please visit www.synesis.one.About Synesis OneSynesis One was founded in 2021 to crowdsource data needed to train a conversational reasoning engine for sister company Mind AI. The platform connects corporate clients in need of AI training data with crowdsourced human intelligence to provide it. The company raised $9.5 million to fund development of the platform and data ecosystem.For more information: Website | Telegram| Twitter| Medium | DiscordContactHead of GrowthIsaac BangSynesis [email protected]

The presale of Tradecurve has rejuvenated the crypto market, and bulls have become active too. According to analysts, this new project has massive growth potential, and can become a new market king soon. It has emerged as a serious challenger to well-established titans like Bitcoin (BTC) and Ethereum (ETH), which are facing sluggishness. >>Register For The Tradecurve Presale<< Bitcoin (BTC) Miners Suffer A Drop In Revenue A couple of months ago, Bitcoin (BTC) miners were raking in big revenues, due to the mania around the Ordinals protocol. However, as the hype around Ordinals wanes, transaction activity on the Bitcoin (BTC) network has returned to normal. This has caused a slump in the revenue of Bitcoin (BTC) miners. As per the data from IntoTheBlock, transaction fees on the Bitcoin (BTC) network have plummeted by 38% since March. However, Bitcoin miners are holding onto their tokens as they hope for a further increase in the price of BTC. Meanwhile, the market value of Bitcoin (BTC) has seen a surge of 14% in the past 30 days. As a result, Bitcoin (BTC) currently changes hands at $30,195.15. Ethereum (ETH) Whales Sell Their Tokens The latest on-chain data has revealed that Ethereum (ETH) whales have aggressively sold off their tokens. For instance, an Ethereum whale recently sold 4,549 ETH tokens worth about $8.78 million. The whale bought Ethereum (ETH) tokens on January 9 at a price of $1,319. According to market experts, the sell-off pattern indicates that Ethereum (ETH) whales want to cash out the benefits before any unforeseen market downfall in future. Interestingly, after the court&rsquo;s verdict in the SEC-XRP case, Ethereum (ETH) surged to approximately $2030. But since then, Ethereum&rsquo;s (ETH) value has suffered a drop of more than 5%. At the time of writing, Ethereum (ETH) trades at $1,910.38. Tradecurve's Momentum Aligns with Bitcoin (BTC) and Ethereum (ETH): A Triumvirate Fueling Market Revival In a remarkable synergy with the established giants Bitcoin (BTC) and Ethereum (ETH), Tradecurve is infusing a fresh dynamism into the market, showcasing its potential to stand alongside the titans. Crypto aficionados have long been looking for an exchange that could help them trade several assets with one account. To meet this growing demand, Tradecurve has entered the crypto arena. It is a comprehensive decentralized exchange that allows the trading of several assets on a single user interface. The asset classes available here include cryptocurrencies, stocks, Forex, bonds, and more. Since the demand for decentralized exchange has surged to a new high, this new platform can soon become a market leader. CoinGecko&rsquo;s data showed that the growth rate of decentralized exchanges in Q1 2023 was more than 33%. The platform enables people to trade a wide range of assets without relying on fiat payments. The platform ensures that the identities of its users are never revealed as traders need not go through any KYC verification process. This feature makes it more privacy-focused than existing exchanges, such as Bakkt and Revolut, where traders must submit their private details. The platform will give exclusive deposit and level-up bonuses, among other perks. It also offers a VIP account service and high-leverage trading that starts from 500:1. Besides, it is equipped with a mechanism that ensures negative balance protection. The presale of the platform&rsquo;s native token, TCRV, is currently running at a price tag of $0.025. TCRV tokens have been built on the Ethereum blockchain. As per market forecast, the tokens&rsquo; value will increase by 50x during the presale, and 100x after launch on multiple CEXs and Uniswap. The platform has already more than 17,000 registered users to its presale. For more information about the Tradecurve (TCRV) presale: Website: https://tradecurve.io/ Buy presale: https://app.tradecurve.io/sign-up Twitter: https://twitter.com/Tradecurveapp Telegram: https://t.me/tradecurve_official Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The presale of Tradecurve has rejuvenated the crypto market, and bulls have become active too. According to analysts, this new project has massive growth potential, and can become a new market king soon. It has emerged as a serious challenger to well-established titans like Bitcoin (BTC) and Ethereum (ETH), which are facing sluggishness. >>Register For The Tradecurve Presale<< Bitcoin (BTC) Miners Suffer A Drop In Revenue A couple of months ago, Bitcoin (BTC) miners were raking in big revenues, due to the mania around the Ordinals protocol. However, as the hype around Ordinals wanes, transaction activity on the Bitcoin (BTC) network has returned to normal. This has caused a slump in the revenue of Bitcoin (BTC) miners. As per the data from IntoTheBlock, transaction fees on the Bitcoin (BTC) network have plummeted by 38% since March. However, Bitcoin miners are holding onto their tokens as they hope for a further increase in the price of BTC. Meanwhile, the market value of Bitcoin (BTC) has seen a surge of 14% in the past 30 days. As a result, Bitcoin (BTC) currently changes hands at $30,195.15. Ethereum (ETH) Whales Sell Their Tokens The latest on-chain data has revealed that Ethereum (ETH) whales have aggressively sold off their tokens. For instance, an Ethereum whale recently sold 4,549 ETH tokens worth about $8.78 million. The whale bought Ethereum (ETH) tokens on January 9 at a price of $1,319. According to market experts, the sell-off pattern indicates that Ethereum (ETH) whales want to cash out the benefits before any unforeseen market downfall in future. Interestingly, after the court&rsquo;s verdict in the SEC-XRP case, Ethereum (ETH) surged to approximately $2030. But since then, Ethereum&rsquo;s (ETH) value has suffered a drop of more than 5%. At the time of writing, Ethereum (ETH) trades at $1,910.38. Tradecurve's Momentum Aligns with Bitcoin (BTC) and Ethereum (ETH): A Triumvirate Fueling Market Revival In a remarkable synergy with the established giants Bitcoin (BTC) and Ethereum (ETH), Tradecurve is infusing a fresh dynamism into the market, showcasing its potential to stand alongside the titans. Crypto aficionados have long been looking for an exchange that could help them trade several assets with one account. To meet this growing demand, Tradecurve has entered the crypto arena. It is a comprehensive decentralized exchange that allows the trading of several assets on a single user interface. The asset classes available here include cryptocurrencies, stocks, Forex, bonds, and more. Since the demand for decentralized exchange has surged to a new high, this new platform can soon become a market leader. CoinGecko&rsquo;s data showed that the growth rate of decentralized exchanges in Q1 2023 was more than 33%. The platform enables people to trade a wide range of assets without relying on fiat payments. The platform ensures that the identities of its users are never revealed as traders need not go through any KYC verification process. This feature makes it more privacy-focused than existing exchanges, such as Bakkt and Revolut, where traders must submit their private details. The platform will give exclusive deposit and level-up bonuses, among other perks. It also offers a VIP account service and high-leverage trading that starts from 500:1. Besides, it is equipped with a mechanism that ensures negative balance protection. The presale of the platform&rsquo;s native token, TCRV, is currently running at a price tag of $0.025. TCRV tokens have been built on the Ethereum blockchain. As per market forecast, the tokens&rsquo; value will increase by 50x during the presale, and 100x after launch on multiple CEXs and Uniswap. The platform has already more than 17,000 registered users to its presale. For more information about the Tradecurve (TCRV) presale: Website: https://tradecurve.io/ Buy presale: https://app.tradecurve.io/sign-up Twitter: https://twitter.com/Tradecurveapp Telegram: https://t.me/tradecurve_official Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Road Town, BVI, July 21st, 2023, ChainwirePEPE 2.0, an ambitious project inspired by the iconic Pepe the Frog meme, with the aim of establishing a decentralized marketplace for digital art and collectibles, has received a donation from the LBank Labs Meme Fund. The Meme Fund, a public benefit initiative launched by LBank Labs with a $10 million fund, seeks to advance the development of high-quality and innovative meme projects, stimulate industry growth, and extend benefits to the wider community.PEPE 2.0, a project derived from meme culture, is working towards establishing a decentralized marketplace for digital art and collectibles using blockchain technology. The endeavor is to ensure transparency, provable scarcity, and item provenance within this platform. This initiative aligns with contemporary trends in digital art and collectibles, making it a noteworthy development within the meme project space.The LBank Labs Meme Fund, a $10 million fund, is committed to providing donations to diverse meme-based projects. Projects that satisfy certain criteria can apply and receive donations from the Meme Fund without any preconditions, fueling growth and innovation within the meme ecosystem.The LBank Labs Meme Fund, along with these innovative Meme projects, are part of an ecosystem working towards the expansion and evolution of the meme token sector, highlighting the potential of these tokens to become fully functional DeFi platforms. The progression of the partnership between LBank Labs Meme Fund and PEPE 2.0 is expected to continue, with relevant updates anticipated in due course.LBank Labs Meme Fund continues its global search for innovative and quality-driven meme projects, a move that reflects its engagement with the global meme project landscape.Apply for the Meme Fund Grant: https://www.lbanklabs.com/contact-8LBank Labs official website: https://www.lbanklabs.com/About LBank LabsLBank Labs, a prominent player in the web3 space, manages a versatile $100 Million fund that extends beyond specific protocols and exchanges. With a team of experienced web3 veterans from prestigious entities, they have built an extensive network of expertise and connections. Their investment strategy includes fund-of-fund investments, direct investments in early-stage projects, and liquid projects, enabling them to explore diverse opportunities. LBank Labs actively promotes their investment thesis, &ldquo;The Other Angle,&rdquo; through engaging discussions and focuses on the PSE principles to foster sustainable growth and innovation in the web3 landscape. With a Fund of Fund network comprising 12 funds and over $1 billion in AUM, and offices in seven global regions, LBank Labs is well-positioned to expand their network and drive innovation in the web3 ecosystem, together with their partners and collaborators.ContactLBank [email protected]

With the crypto market's meteoric rise, more people are keen to explore cryptocurrencies beyond the typical Bitcoin investment. This burgeoning interest is further piqued by the myriad of projects that have sprung up, each promising unique value propositions and significant ROI. While the sheer volume of altcoins can be daunting to newcomers, this article will explore the seven best crypto to buy now not named Bitcoin. From altcoins specializing in fractionalized NFT investing, play-to-earn gaming rewards, and enhancing DeFi connectivity to revolutionizing rendering processes, these coins offer a diversified investment portfolio for beginners and experienced investors. Best Crypto To Buy Now Not Named Bitcoin Beyond Bitcoin, the crypto market brims with promising altcoins, each representing unique value propositions. Seven standout tokens include InQubeta, pioneering fractionalized NFT investing in AI startups; DigiToads, intertwining play-to-earn gaming with NFTs; Manifold Finance, augmenting DeFi connectivity; Ocean Protocol, democratizing data access; Trust Wallet Token, driving a popular wallet ecosystem; Render, revolutionizing rendering processes; and Litecoin, an enduring alternative to Bitcoin. These diverse tokens offer profitable investment opportunities for every investor's portfolio. InQubeta (QUBE) - Best Altcoin For Fractionalized NFT Investing A game-changing project in the cryptocurrency space, InQubeta has set its sights on changing how we invest in AI startups. With the QUBE token at its core, InQubeta offers an innovative and sophisticated platform for fractionalized investment in AI enterprises. Its groundbreaking approach allows even the smallest investors to have a stake in some of the most promising AI projects in the industry. InQubeta leverages the power of Web3 to bring to life the world's first fractionalized AI NFT crowdfunding platform. The platform turns investment opportunities into Non-Fungible Tokens (NFTs), which can then be fractionalized and distributed to investors. This revolutionary approach to fundraising means that everyone can get a piece of the AI startup action, thereby democratizing investment and engaging a broader community of stakeholders. The QUBE token is an integral part of the InQubeta ecosystem. It is a deflationary token, meaning its supply reduces over time due to a burning mechanism. Thus, 2% of QUBE token sales and 1% of purchases are burned, ensuring scarcity and helping to bolster the token's value over time. The token is vested over 12 weeks. InQubeta has its own custom-built NFT marketplace, which allows AI startups to raise funds and offer reward and equity-based NFTs to their investors. By purchasing QUBE tokens, holders can directly invest in these promising projects, fostering a thriving ecosystem and generating potential returns, with experts anticipating the price of QUBE to rise more than 5x after the presale. DigiToads (TOADS) - Play-to-Earn (P2E) Gaming and Rewards DigiToads operates as a full utility meme coin with a unique play-to-earn (P2E) gaming aspect, setting it apart as one of the best cryptos for beginners looking to delve into the NFT space. The P2E model incorporates a fascinating web3 game where players can collect, nurture, and battle DigiToads, adding an interactive dimension to this cryptocurrency investment. These digital amphibians can be acquired through buying, trading, or winning, making TOADS tokens an integral part of the gaming ecosystem. These tokens purchase various items, including food, potions, and training equipment for the DigiToads, creating an engaging virtual environment for players. This play-to-earn feature extends beyond mere gaming; it provides a pathway for players to earn TOADS tokens, one of the top crypto coins to buy today. The DigiToads game rewards the top 25% of players on the leaderboard with TOADS tokens, creating a competitive environment that incentivizes player performance. Furthermore, 50% of the funds obtained from in-game item sales are allocated to the prize fund for distribution among the top 25% of players. Therefore, the game design caters to a fun and competitive player experience and serves as an avenue for participants to earn cryptocurrency rewards. Considering the high-growth potential of TOADS tokens, they are arguably one of the best cryptos to invest in now. The P2E model is up-and-coming for those wondering what crypto to invest in, as the DigiToads project offers a direct earning potential through gameplay. Moreover, the regular prize pool payouts to top performers in the game underscore the potential returns for skilled and dedicated players. As the popularity of P2E gaming continues to rise, DigiToads is positioned as a leading project in this innovative intersection of gaming and crypto investments. It is one of the most promising presales to buy now that can experience over 450% growth in the near future. Manifold Finance ($FOLD): Enhancing DeFi Connectivity The crypto world undeniably provides opportunities for beginners, especially those keen to dive into DeFi projects. Manifold Finance ($FOLD) is the best crypto for beginners. Born as a middleware product, $FOLD is designed to augment connectivity between DeFi protocols and safeguard users from MEV (Maximal Extractable Value) attacks&mdash;a high value feature for anyone venturing into crypto. The functionality to shield users from MEV attacks has been the first offering in the Manifold Finance product line. MEV refers to the profit potential by changing the order of transactions within a block. In this area, miners or validators enjoy the power to choose transactions for inclusion in blocks. Selected as a promising cryptocurrency for beginners, $FOLD&mdash;through its product, OpenMEV&mdash;provides security against sandwich attacks, a common MEV attack. Sandwich attacks occur when a trader places transactions before and after a victim transaction, capturing the price difference. OpenMEV shields users from such exploitations, returning funds and fees to traders. Utilizing MEV opportunities, OpenMEV employs secure smart contract techniques to scale services like SushiSwap for end-users, an invaluable aspect for beginner cryptocurrency investors seeking the best crypto to invest in. Ocean Protocol (OCEAN) - Best Altcoin For Democratising Access to Data OCEAN, an ERC20 token, is undoubtedly a standout in the crypto space, aiming to democratize access to data. This initiative presents the potential to challenge tech giants such as Google and Facebook, making it one of the best cryptos to invest in now. Ocean Protocol enables data owners to sell their information through the Ocean Market app, providing consumers with previously inaccessible private data. This offers AI practitioners and data scientists advantages, granting access to more data, crypto-secured provenance, and income opportunities. Fulfilling the top crypto to buy criteria, OCEAN's utilization in buying and selling data, governance, and staking makes it a hot contender. The Ocean Protocol was founded in 2017 by Bruce Pon and Trent McConaghy. It aims to democratize data, enhance AI capabilities, and spread the benefits of artificial intelligence. OCEAN has a capped max supply of 1.41 billion tokens. A portion was allocated for community projects and burning a fraction of network revenue&mdash;elements worth considering when deciding on the best cryptocurrency to buy today. Trust Wallet Token (TWT) - Top Cryptocurrency Wallet Ecosystem Trust Wallet Token (TWT) should be on the radar for those considering which crypto to buy. The TWT token is the official token of Trust Wallet, a mobile-based cryptocurrency wallet that boasts extensive support for over 250,000 distinct assets across 33 blockchains&mdash;an ideal choice for anyone looking to make the best crypto investments. The "Earn" feature in the Trust Wallet allows users to generate passive income simply by pressing a button. Accessibility is central to Trust Wallet's design, with no KYC verification or barriers to trading cryptocurrencies. TWT, a token based on the Binance Smart Chain (BSC), is fast garnering attention, mainly due to the benefits it offers its holders. These include participating in governance activities, voting on crucial decisions for the Trust Wallet app, and receiving discounts for buying cryptocurrencies within the ecosystem&mdash;elements seriously worthy of consideration for those figuring out what crypto to invest in. Render (RNDR): Revolutionizing the Rendering Process Render, an innovative platform revolutionizing the rendering process, connects artists and GPU providers. This is achieved through the power of blockchain and cutting-edge technologies. The platform streamlines the creation of high-quality 3D graphics and animations. Artists can access powerful GPUs to render their works at affordable costs, using RNDR tokens to pay for the rendering services. This platform has applications across multiple sectors, including film, gaming, and architecture, making it an exciting prospect for those looking for the best coin to invest in. The RNDR token, based on the Ethereum blockchain, is used as a medium of exchange on the Render network. For those asking, "What crypto should I buy?", RNDR offers an interesting proposition. This is due to its unique proposition, linking providers of GPU power with those who need it, combined with its potential to disrupt the rendering industry. By tokenizing GPU power, Render allows miners to monetize their idle resources, making RNDR one of the top 5 cryptocurrencies for individuals looking to invest in a transformative project. Litecoin (LTC): The Silver to Bitcoin's Gold Litecoin (LTC) has been prominent in cryptocurrency since its inception in 2011. The "silver to Bitcoin's gold" is what makes Litecoin one of the best digital currencies for boosting their portfolio. An open-source project based on the Bitcoin protocol, Litecoin features several significant improvements, such as a faster block generation time and a different hashing algorithm. With its longevity in the crypto market and the backing of an active developer community, Litecoin continues to be an appealing option for investors. Buying LTC offers a robust entry point for those wondering how to get into cryptocurrency. It is widely available on most cryptocurrency exchanges, enjoys high liquidity, and can be used for various applications, including online shopping and forex trading. Given these features, Litecoin is undeniably one of the best cryptocurrencies to buy now. Best Crypto To Buy Now Not Named Bitcoin - Conclusion While Bitcoin remains a dominant force in the space, it's clear that the market is teeming with diverse and promising altcoins that offer unique value propositions. InQubeta, DigiToads, Manifold Finance, Ocean Protocol, Trust Wallet Token, Render, and Litecoin are just a few examples of cryptocurrencies that have carved a niche in this expansive universe. These tokens represent an array of innovative technologies and concepts ranging from play-to-earn gaming, democratizing data access, and enhancing DeFi connectivity to fractionalized NFT investing. Thus, by expanding investment horizons beyond Bitcoin, investors can tap into a range of potentially rewarding opportunities and help to drive forward the next wave of crypto-innovation. Visit InQubeta Presale Join InQubeta Communities Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Provider of AI infrastructure to the crypto, blockchain, and Web3 industry, ChainGPT has just announced the successful rollout of its NFT Generator prototype to the general public.Try the ChainGPT AI NFT Generator: NFT.ChainGPT.org | Learn more: ChainGPT.org Connected to the Binance Smart Chain, the ChainGPT generator is an AI-powered visual synthesizer that transforms text prompts into breath-taking images and NFT collections. From unique 1-of-1 memorabilia to an assemblage of 10,000 pieces, users are now just 30 seconds away from deploying their imaginations on-chain. Entrepreneurs of from all walks of life are looking to integrate NFTs into their project supply chains to strengthen the relationships with their communities and expand their product suites. However, creating NFT collections manually has been extremely costly in time, effort, and money. ChainGPT is lowering the barriers to entry by compressing costs by order of magnitude, streamlining the creative process, and packaging everything into a comprehensive user interface, the AI-powered generator is fulfilling the promise of equalizing the playing field and inviting a new caliber of market participants into the world of Web3. Whether a verbal artist, computer engineer, or somebody without any technical background, the ChainGPT AI Generator will deliver the highest quality results. Ilan Rakhmanov, CEO of ChainGPT said: "At ChainGPT, our main focus is to solve real web3 problems by utilizing AI. Making simple tasks like generating NFT collections, affordable, and well... simple.&rdquo; Creating on-chain NFT collections was never easier. Try it yourself: https://NFT.ChainGPT.org. Leveraging all leading technological breakthroughs in the fields of machine learning, NLP, and transformer architecture in its design, the ChainGPT AI NFT generator has been purpose-built to realize the most abstract ideas and turn arbitrary concepts into tangible, visual, on-chain products. On a mission to get AI technology into the hands of the masses and on-board them into Web3, ChainGPT is changing the game and differentiating its NFT generator from any other by working on architectural solution to move the entire computational process on-chain as well. By bringing the entire creative cycle on-chain, a higher degree of quality assurance can be enabled and counterfeit activity deterred with fully traceable object provenance. About ChainGPT ChainGPT is the provider of AI-powered infrastructure for the crypto, blockchain, and Web3 industry. From automated smart contract generation and auditing, to autonomous community management, advanced Web3 AI chatbot, AI-powered news aggregation, and NFT generation, ChainGPT is the most sophisticated, end-to-end AI solution on the market. &mdash;> To learn more about ChainGPT visit the official ChainGPT.org website Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In a move to streamline operations and reduce expenses, blockchain analytics firm Nansen has announced a significant reduction in its workforce. CEO Announces Layoffs Blockchain analytics platform Nansen has been the latest to lay off approximately 30% of its employees, seeking to navigate the challenging economic landscape and ensure long-term sustainability. The decision, which the CEO confirmed in a public statement on Monday, comes as the firm aims to cut costs and optimize its operations, especially with the crypto markets running on a continuous slump. Nansen CEO, Alex Svanevik tweeted, &ldquo;This week we announced the extremely difficult decision to reduce the size of the Nansen team. I&rsquo;m endlessly grateful to the incredible people we are parting ways with. They will go on to achieve great things, and we'll ensure they get a soft landing, with severance and support.&rdquo; Nansen To Focus On Core Strategy The announcement statement, penned by Svenavik, claimed that one of the reasons behind the decision was the avalanche effect of the company growing too fast, too soon. Svenavik took responsibility as CEO of the company taking on challenges that was not part of Nansen&rsquo;s core strategy and promised that the restructuring of the firm would focus on accomplishing less things but to a higher degree of quality. Secondly, the company also cited the less-than-ideal market conditions, claiming that their cost-base was too high relative to the company&rsquo;s status. Nansen Not Immune To Market Challenges According to LinkedIn data, before the reduction, the company used to employ a 50-100 strong workforce. Major crypto-focused media publications like The Block and Bloomberg have worked with Nansen across major blockchain networks like Polygon and Ethereum. In addition, the firm has been a prominent player in the blockchain analytics industry, specializing in providing insights and intelligence for decentralized finance (DeFi) and non-fungible token (NFT) ecosystems across over 100 million crypto wallets. The layoffs, however, indicate that Nansen has been impacted by the challenges faced by the broader cryptocurrency market. Despite the rapid growth and innovation in the blockchain industry, the volatility and uncertainty inherent in the market can pose substantial risks to businesses. As such, cost-cutting measures have become necessary for many companies to maintain their financial stability. Mass Layoffs Plague Industry The restructuring efforts at Nansen align with the broader trend of companies in the cryptocurrency and blockchain industry taking steps to ensure sustainability. The market's maturity has necessitated a more strategic approach, resulting in mass layoffs and restructuring efforts across the industry. Crypto companies like Polygon, WazirX, and Genesis have been some of the big names that have let go of significant portions of their workforce due to the unfavorable conditions in the market right now. Even entertainment giant Disney had to let go of its entire metaverse team as a part of its efforts to streamline its operations. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

NFTs (Non-Fungible Tokens) recently emerged as an exciting new application of blockchain technology, allowing creators to sell unique digital art, digital music, and other digital assets. They gained popularity in 2021, when Layer 1 solution were also emerging. Many blockchain networks embraced NFTs, and Solana emerged as an early leader in the NFT space by […]

The non-binding poll seeks to do a temperature check of sentiment toward launching yETH.

So far in this series, we've already talked about what Bitcoin is, about how you can buy it, and how you can spend it, but how is it actually made? Bitcoin vs. Gold The short answer is that new Bitcoins are mined. However, since that is just giving a label, rather than a definition, you&rsquo;re probably going to want to know a bit more than that. It&rsquo;s perhaps easiest to compare Bitcoin to its nearest physical equivalent: gold. Just as existent banking systems are (or at least were) based on the quantity and value of gold in a given country&rsquo;s banks, the security and validity of Bitcoin based on the quantity of Bitcoins currently available in the network. Likewise, the production of new amounts of both gold and Bitcoin meet the same paradox. As mining equipment becomes more and more powerful, so the amount of material to be mined becomes less and less, meaning that more effort is being pumped in to get the same net returns. However, this leads to a predictable and sustainable growth of the amount of either resource in the real world. Of course, in the case of gold, this is just how it worked out. Gold is an element, and therefore cannot be produced or created out of something else, no matter what any budding alchemist might tell you. Recent estimates hold the total amount of mined gold in the world to be somewhere in the region of 187,000 tonnes, with a further 3,000 to 4,000 tonnes being produced as a result of mining every year. As it becomes ever more scarce, new mining techniques and equipment must be discovered and invented in order to maintain that level of production. Bitcoin follows the same pattern, and deliberately so. Being a cryptocurrency, creating new Bitcoins could have been as easy as pressing the hash key on your laptop, but that would have been pointless: a free, abundant, and infinite supply of any commodity leads to devaluation and hyperinflation, and your billions and billions of Bitcoins would be worth less than the laptop that allowed you to make them. As with gold, scarcity and reliability are the cornerstones of Bitcoin. In a white paper that he published in 2008, Bitcoin&rsquo;s creator Satoshi Nakamoto stated that the availability of Bitcoins would be capped at 21 million. By best estimates, almost 17 million of those Bitcoins have been created (or mined) as of 2017. But what of the mining itself? We can picture the notion of mining for gold &ndash; massive drills and diggers clawing out a mountainside to release the gold ore within, and so on &ndash; but what are we actually mining for when it comes to a pseudo-currency? To understand that, we need to talk about transactions, blocks, and blockchains. Transactions A transaction is any activity involving Bitcoins. If you buy a Bitcoin from a vendor, then that is a transaction. If you sell a Bitcoin to a buyer, then that is a transaction. If you purchase goods or services with a Bitcoin, then that is also a transaction. Think of each of them as being a line in a physical ledger, denoting money in and money out. Blocks If a transaction is a line in a ledger book, then a block is a page in the same book, essentially a collection of transactions. In real terms, a block is 1 megabyte (Mb) worth of transactions on the Bitcoin network. As each block (or page) is completed, the next transaction to be undertaken will fall into the next available block. A block is a permanent record of transactions on the Bitcoin network, and one that cannot be erased, removed or amended. Blockchain Again, if a transaction is a line in the ledger and if a block is a page in a ledger, then the blockchain is the ledger itself. Every &lsquo;page&rsquo; filled in is a new block, or a new link on the chain. This blockchain stretches all the way back to the beginning of the Bitcoin revolution and the Genesis block that Satoshi Nakamoto released in 2008. If you purchase a Bitcoin from a vendor, then it is entirely possible, given enough time and patience, to trace the life of that Bitcoin all the way back along the blockchain, working your way through blocks (or pages, to return to our ledger analogy), all the way to the point where your Bitcoin was first created, or mined. Which leads us back to our original question: how is a Bitcoin made, and what is Bitcoin mining? Mining First of all, it&rsquo;s important to realise that mining is just a piece of Bitcoin terminology. What Bitcoin miners are actually doing is auditing and verifying transactions on the network, specifically preventing a thing called double-spending, whereby someone could create an electronic copy of a Bitcoin, and spend it twice. Because every single Bitcoin transaction is held somewhere along the blockchain, the blockchain itself becomes the verification of legitimacy. If a transaction has made it into a block, and that block has made it on to the chain, then the sale or purchase in question was, by definition, a legitimate one. So, in order to maintain that legitimacy, every single transaction must be checked, in detail and in depth, to confirm the provenance of the bitcoins being used in the transaction, which is where the miners come in. The miners perform two tasks &ndash; the first is for the good of the network, and it is the verification of Bitcoin transactions. Once they have verified enough transactions to fill up a block (that is, 1Mb of transactions, you&rsquo;ll remember, which could potentially equate to hundreds or even thousands of lines in our virtual ledger), they will be eligible to win a crop of newly-generated bitcoins. This, then, is the second task. The Bitcoins are generated by the networks own protocols, and are essentially up for grabs. At the moment, each new block allows the miner the opportunity to go for those bitcoins (currently 12.5 bitcoins are being generated, or mined, for each new block), and this is where the competition steps up. You see, verifying a block&rsquo;s worth of transactions is pretty easy stuff. The next stage, to win the bitcoins themselves, only happens if you&rsquo;re the first miner who happens to arrive at the correct answer to a specific numerical problem. In the Bitcoin network, this principle is referred to as proof of work. Proof of work You&rsquo;ll be glad to know that there is no need to have experience with advanced computation skills or mathematics in order to provide your proof of work, as it is all done by your mining software. What that software is attempting to do is to generate what is known as a hash. A hash is a hexadecimal number that is 64-digits long, with each digit being one of sixteen designations (hence the word hexadecimal, from the Greek hexa meaning six, and &ldquo;deca&rdquo;, meaning ten: six plus ten). For Bitcoin purposes, the sixteen possible designations are 0, 1, 2, 3, 4, 5, 6, 7, 8, 0, a, b , c, d, e, and f. Now, the Bitcoin network produces a target hash, completely at random, with no formula for calculation, and no way of predicting it based on previous hashes &ndash; rather like a National Lottery Draw, for instance. Every hash is unique, and prior hashes have no bearing on the future. When a miner manages to complete a box of transaction audits, then they are allowed to have a guess at the value of the target hash, by producing their own hash. If the miner&rsquo;s hash is equal to or lower than the target hash, and that miner is the first one to do so, then 12.5 Bitcoins will be generated (or minted if you want to think in terms of regular currency) and added to the existing pool of Bitcoins available for all. More specifically, those 12.5 Bitcoins are awarded to the miner who guessed the hash correctly. Now, if that all sounds a bit too easy, it almost certainly is. The odds of a lone miner making any serious cash out of mining for Bitcoins are stratospheric. Indeed, the odds of anyone hash producing a result that is under the target hash is less than 1 in a trillion. What allows Bitcoins to continue to be generated, and at such a rate (the average clearance time for a block is 10 minutes, with 12.5 Bitcoins being generated each time to account for same) is that there are loads of Bitcoin miners out there, using very sophisticated equipment and, perhaps more importantly, thousands of linked computers to do the computational work for them. There is dedicated mining hardware and software out there, capable of producing billions of hashes per second, spread over thousands of computers and, even then, there is no guarantee of success. Your newly-generated hash, even if it does meet the criteria, simply might not get there in time. Some other miner, or mining syndicate might have snagged that same hash mere seconds before you but, in the world of Bitcoin mining, the winners get the spoils. Lottery As mentioned above, the odds of a single user just happening to come across the right hexadecimal code in time to cash in are pretty unlikely and yet, with all those Bitcoins being spawned at the rate of 75 bitcoins per hour, and up for grabs, someone has to win it, and it could be a solo user. Think of bitcoin mining as a lottery because, quite literally, that&rsquo;s what it is. While Bitcoin as a currency is one of the strongest and the most stable, getting your hands on those newly-minted bitcoins is going to take more than a little luck. First, there is your work for the network &ndash; that is, your verification of previous transactions, or lines in the ledger, to return to a previous analogy. 1Mb of transactions means that you&rsquo;ve filled a block and that is essentially your lottery ticket, your eligibility to partake in a spot of hashing. Each hash attempt is a line of numbers on your ticket, and each line has a chance of winning the jackpot, so long as the numbers fit into a certain hexadecimal pattern. The good news is that you can submit your hashes as many times as you like, thousands and millions, and billions of times per second, which sounds great, except you probably still won&rsquo;t hit the magic number, as every single newly generated hash retains the same odds of over a trillion to one. Again, just like the lottery, many people think of joining a syndicate. The rationale here is the same. One person, even one person with a decent mining set-up stands an infinitesimal chance of matching a hash. Two people combining hashes stand a slightly better chance, a couple of dozen even better, and a few thousand? Well, you get the idea. More people combining their blocks results in more hash attempts made over a given period of time, and a greater chance of getting the desired result. Of course, whenever you do win, you&rsquo;ll make less, having to share your Bitcoins, or the value thereof with all of your fellow syndicate makers. You may also owe an additional fee to the syndicate organiser, who will normally take a percentage or two of any earnings, on the grounds that he is ensuring the legality of the exchange, and corralling all of the mining efforts of any given syndicate. However, it is a path worth pursuing. With Bitcoin currently valued at around $5,000 per bitcoin, and 12.5 of them available (or $62,500) every 10 minutes a sufficiently large and well-equipped mining syndicate can see decent profits as more people jump on board, prompting more transactions, blocks filled up quicker, and a swifter generation of more Bitcoins into the cybereconomy.

So far in this series, we've already talked about what Bitcoin is, about how you can buy it, and how you can spend it, but how is it actually made? Bitcoin vs. Gold The short answer is that new Bitcoins are mined. However, since that is just giving a label, rather than a definition, you&rsquo;re probably going to want to know a bit more than that. It&rsquo;s perhaps easiest to compare Bitcoin to its nearest physical equivalent: gold. Just as existent banking systems are (or at least were) based on the quantity and value of gold in a given country&rsquo;s banks, the security and validity of Bitcoin based on the quantity of Bitcoins currently available in the network. Likewise, the production of new amounts of both gold and Bitcoin meet the same paradox. As mining equipment becomes more and more powerful, so the amount of material to be mined becomes less and less, meaning that more effort is being pumped in to get the same net returns. However, this leads to a predictable and sustainable growth of the amount of either resource in the real world. Of course, in the case of gold, this is just how it worked out. Gold is an element, and therefore cannot be produced or created out of something else, no matter what any budding alchemist might tell you. Recent estimates hold the total amount of mined gold in the world to be somewhere in the region of 187,000 tonnes, with a further 3,000 to 4,000 tonnes being produced as a result of mining every year. As it becomes ever more scarce, new mining techniques and equipment must be discovered and invented in order to maintain that level of production. Bitcoin follows the same pattern, and deliberately so. Being a cryptocurrency, creating new Bitcoins could have been as easy as pressing the hash key on your laptop, but that would have been pointless: a free, abundant, and infinite supply of any commodity leads to devaluation and hyperinflation, and your billions and billions of Bitcoins would be worth less than the laptop that allowed you to make them. As with gold, scarcity and reliability are the cornerstones of Bitcoin. In a white paper that he published in 2008, Bitcoin&rsquo;s creator Satoshi Nakamoto stated that the availability of Bitcoins would be capped at 21 million. By best estimates, almost 17 million of those Bitcoins have been created (or mined) as of 2017. But what of the mining itself? We can picture the notion of mining for gold &ndash; massive drills and diggers clawing out a mountainside to release the gold ore within, and so on &ndash; but what are we actually mining for when it comes to a pseudo-currency? To understand that, we need to talk about transactions, blocks, and blockchains. Transactions A transaction is any activity involving Bitcoins. If you buy a Bitcoin from a vendor, then that is a transaction. If you sell a Bitcoin to a buyer, then that is a transaction. If you purchase goods or services with a Bitcoin, then that is also a transaction. Think of each of them as being a line in a physical ledger, denoting money in and money out. Blocks If a transaction is a line in a ledger book, then a block is a page in the same book, essentially a collection of transactions. In real terms, a block is 1 megabyte (Mb) worth of transactions on the Bitcoin network. As each block (or page) is completed, the next transaction to be undertaken will fall into the next available block. A block is a permanent record of transactions on the Bitcoin network, and one that cannot be erased, removed or amended. Blockchain Again, if a transaction is a line in the ledger and if a block is a page in a ledger, then the blockchain is the ledger itself. Every &lsquo;page&rsquo; filled in is a new block, or a new link on the chain. This blockchain stretches all the way back to the beginning of the Bitcoin revolution and the Genesis block that Satoshi Nakamoto released in 2008. If you purchase a Bitcoin from a vendor, then it is entirely possible, given enough time and patience, to trace the life of that Bitcoin all the way back along the blockchain, working your way through blocks (or pages, to return to our ledger analogy), all the way to the point where your Bitcoin was first created, or mined. Which leads us back to our original question: how is a Bitcoin made, and what is Bitcoin mining? Mining First of all, it&rsquo;s important to realise that mining is just a piece of Bitcoin terminology. What Bitcoin miners are actually doing is auditing and verifying transactions on the network, specifically preventing a thing called double-spending, whereby someone could create an electronic copy of a Bitcoin, and spend it twice. Because every single Bitcoin transaction is held somewhere along the blockchain, the blockchain itself becomes the verification of legitimacy. If a transaction has made it into a block, and that block has made it on to the chain, then the sale or purchase in question was, by definition, a legitimate one. So, in order to maintain that legitimacy, every single transaction must be checked, in detail and in depth, to confirm the provenance of the bitcoins being used in the transaction, which is where the miners come in. The miners perform two tasks &ndash; the first is for the good of the network, and it is the verification of Bitcoin transactions. Once they have verified enough transactions to fill up a block (that is, 1Mb of transactions, you&rsquo;ll remember, which could potentially equate to hundreds or even thousands of lines in our virtual ledger), they will be eligible to win a crop of newly-generated bitcoins. This, then, is the second task. The Bitcoins are generated by the networks own protocols, and are essentially up for grabs. At the moment, each new block allows the miner the opportunity to go for those bitcoins (currently 12.5 bitcoins are being generated, or mined, for each new block), and this is where the competition steps up. You see, verifying a block&rsquo;s worth of transactions is pretty easy stuff. The next stage, to win the bitcoins themselves, only happens if you&rsquo;re the first miner who happens to arrive at the correct answer to a specific numerical problem. In the Bitcoin network, this principle is referred to as proof of work. Proof of work You&rsquo;ll be glad to know that there is no need to have experience with advanced computation skills or mathematics in order to provide your proof of work, as it is all done by your mining software. What that software is attempting to do is to generate what is known as a hash. A hash is a hexadecimal number that is 64-digits long, with each digit being one of sixteen designations (hence the word hexadecimal, from the Greek hexa meaning six, and &ldquo;deca&rdquo;, meaning ten: six plus ten). For Bitcoin purposes, the sixteen possible designations are 0, 1, 2, 3, 4, 5, 6, 7, 8, 0, a, b , c, d, e, and f. Now, the Bitcoin network produces a target hash, completely at random, with no formula for calculation, and no way of predicting it based on previous hashes &ndash; rather like a National Lottery Draw, for instance. Every hash is unique, and prior hashes have no bearing on the future. When a miner manages to complete a box of transaction audits, then they are allowed to have a guess at the value of the target hash, by producing their own hash. If the miner&rsquo;s hash is equal to or lower than the target hash, and that miner is the first one to do so, then 12.5 Bitcoins will be generated (or minted if you want to think in terms of regular currency) and added to the existing pool of Bitcoins available for all. More specifically, those 12.5 Bitcoins are awarded to the miner who guessed the hash correctly. Now, if that all sounds a bit too easy, it almost certainly is. The odds of a lone miner making any serious cash out of mining for Bitcoins are stratospheric. Indeed, the odds of anyone hash producing a result that is under the target hash is less than 1 in a trillion. What allows Bitcoins to continue to be generated, and at such a rate (the average clearance time for a block is 10 minutes, with 12.5 Bitcoins being generated each time to account for same) is that there are loads of Bitcoin miners out there, using very sophisticated equipment and, perhaps more importantly, thousands of linked computers to do the computational work for them. There is dedicated mining hardware and software out there, capable of producing billions of hashes per second, spread over thousands of computers and, even then, there is no guarantee of success. Your newly-generated hash, even if it does meet the criteria, simply might not get there in time. Some other miner, or mining syndicate might have snagged that same hash mere seconds before you but, in the world of Bitcoin mining, the winners get the spoils. Lottery As mentioned above, the odds of a single user just happening to come across the right hexadecimal code in time to cash in are pretty unlikely and yet, with all those Bitcoins being spawned at the rate of 75 bitcoins per hour, and up for grabs, someone has to win it, and it could be a solo user. Think of bitcoin mining as a lottery because, quite literally, that&rsquo;s what it is. While Bitcoin as a currency is one of the strongest and the most stable, getting your hands on those newly-minted bitcoins is going to take more than a little luck. First, there is your work for the network &ndash; that is, your verification of previous transactions, or lines in the ledger, to return to a previous analogy. 1Mb of transactions means that you&rsquo;ve filled a block and that is essentially your lottery ticket, your eligibility to partake in a spot of hashing. Each hash attempt is a line of numbers on your ticket, and each line has a chance of winning the jackpot, so long as the numbers fit into a certain hexadecimal pattern. The good news is that you can submit your hashes as many times as you like, thousands and millions, and billions of times per second, which sounds great, except you probably still won&rsquo;t hit the magic number, as every single newly generated hash retains the same odds of over a trillion to one. Again, just like the lottery, many people think of joining a syndicate. The rationale here is the same. One person, even one person with a decent mining set-up stands an infinitesimal chance of matching a hash. Two people combining hashes stand a slightly better chance, a couple of dozen even better, and a few thousand? Well, you get the idea. More people combining their blocks results in more hash attempts made over a given period of time, and a greater chance of getting the desired result. Of course, whenever you do win, you&rsquo;ll make less, having to share your Bitcoins, or the value thereof with all of your fellow syndicate makers. You may also owe an additional fee to the syndicate organiser, who will normally take a percentage or two of any earnings, on the grounds that he is ensuring the legality of the exchange, and corralling all of the mining efforts of any given syndicate. However, it is a path worth pursuing. With Bitcoin currently valued at around $5,000 per bitcoin, and 12.5 of them available (or $62,500) every 10 minutes a sufficiently large and well-equipped mining syndicate can see decent profits as more people jump on board, prompting more transactions, blocks filled up quicker, and a swifter generation of more Bitcoins into the cybereconomy.