Category Archives: Cryptocurrency

Newport Beach, United States, September 17th, 2024, Chainwire

UBI Project Achieves Unprecedented 50,000% Growth in Recent Months

BioMatrix, a leading project at the intersection of Web3 and AI technologies, announced a significant milestone by surpassing 1 million registered users on its app. This news was shared by BioMatrix’s Chief Technology Officer, Jack Wang, during his keynote at the InnoBlock 2024 Web3 Innovation Festival, held as part of Token 2049 in Singapore.

In his remarks, Wang addressed the growing concern about the impact of artificial intelligence (AI) on the workforce, highlighting fears of widespread job displacement. He emphasized the crucial role that Web3 technologies can play in addressing these challenges by creating decentralized, user-owned platforms. According to Wang, such platforms can foster economic self-sufficiency through innovations like Universal Basic Income (UBI). By leveraging BioMatrix’s platform, individuals can gain direct access to digital assets and explore new income streams, ensuring financial inclusion in an increasingly AI-driven world.

Launched in April 2024, BioMatrix has experienced exponential growth in demand signals for its digital Universal Basic Income (UBI) solutions during times of global economic change. At the core of this growth is the groundbreaking Proof of You (PoY) AI Tokens, the world’s first free-for-life AI tokens. Upon registering on the BioMatrix app, users receive PoY AI Tokens each month for 60 years—ensuring lifelong access to digital assets.

PoY AI Tokens represent a new generation of completely personalized artificial intelligence and blockchain technologies. Currently available on Google (NASDAQ:) Play, the App Store and on a web-app, the BioMatrix app also provides users the opportunity to engage in the project’s growing ecosystem that includes interactive games, videos, and will soon launch opportunities to exchange PoY AI Tokens for goods and services.

“Reaching 1 million users is testament to our mission of ‘AI Tokens for All’,” said Arthur Qin, Founder of BioMatrix. “We do this by providing each user with free PoY AI Tokens for life, removing financial obstacles and opening new avenues for millions. Our AI-powered project ensures security, accessibility, and efficiency while we continue to drive value for current and future users through the adoption of PoY AI Tokens.

Key Highlights:

• Rapid Growth: BioMatrix launched in April 2024 and has quickly surpassed 1 million registered users, experiencing over 50,000% growth in recent months.
• Free Distribution: PoY AI Tokens are distributed to users at no cost via the BioMatrix mobile and desktop app, ensuring accessibility for anyone with an internet connection.
• Lifelong UBI: Users receive free PoY AI Tokens every month for 60 years, providing a long-term digital Universal Basic Income.
• Register Today: To increase one’s chances of gaining a significant number of PoY AI Tokens one must register today as the PoY bonus decreases as more users join the BioMatrix.
• Global Reach: BioMatrix is committed to expanding worldwide, fostering financial inclusion and promoting equality for all.

About BioMatrix

BioMatrix is revolutionizing the field of financial inclusion through Proof of You (PoY) AI Tokens and giving users the key to Universal Basic Income with secure, feeless digital asset transactions. Through the use of advanced biometric technology and blockchain, BioMatrix empowers individuals to receive and trade personalized AI tokens, enabling long-term economic sustainability. With over 1 million users since its inception in April 2024, it is at the forefront of innovation in Web3, bridging the space between traditional and decentralized finance.

Website: www.biomatrix.ai

ContactAC TechnologyBioMatrixMedia@biomatrix.ai

This article was originally published on Chainwire

U.Today – Responding to a CNBC report that (BTC) could soon reach six figures regardless of who wins the U.S. election, Samson Mow said that this is a bearish estimate. According to Mow’s previous speeches, the price of the first cryptocurrency is not less than $1 million, and Bitcoin will reach this milestone.

As of now, however, the price of the major cryptocurrency is $57,500, which is five figures, with its all-time high being almost 28% higher at around $74,000 per BTC.

At this price, Bitcoin has a total market capitalization of $1.14 trillion. Such a figure ranks Bitcoin as the eighth largest company in the world – higher than Warren Buffet’s Berkshire Hathaway (NYSE:) – ironically, as the Wall St. trading legend is a well-known cryptocurrency skeptic.

If Bitcoin ever reaches $100,000, which is still a five-figure valuation, its market capitalization will be close to $2 trillion, which is more than Amazon (NASDAQ:), the fourth largest company in the world.

However, if it manages to hit the first seven-figure mark of $1,000,000 per BTC, then the cryptocurrency will have six times more market cap than Apple (NASDAQ:), and that is just with the current supply of 19,753,159 BTC in circulation. What’s more, it will surpass gold, even though the precious metal is currently the world’s most valuable asset.

The question remains: is this a realistic goal for the largest cryptocurrency? For Samson Mow, it is a no-brainer; for someone like Peter Schiff, it is a mass delusion. Only time will tell who is right.

This article was originally published on U.Today

U.Today – The potential formation of a death cross, an indicator that hints at a possible bearish reversal when a short-term moving average crosses below a long-term moving average, puts at a critical level.

The 50-day and 200-day moving averages of Bitcoin are progressively convergent, as the chart illustrates, which raises questions about the asset’s potential price movements. Because it typically indicates impending downward pressure, a death cross frequently causes traders to exercise increased caution. This pattern indicates that Bitcoin may be about to enter a prolonged bear market.

Nevertheless, it is important to consider the larger market environment because death crosses do not always result in appreciable price drops. As of right now, the price of Bitcoin is hovering around $56,000. In the near future, it will be important to monitor a few key price levels.

To prevent additional losses, the asset needs to maintain the $58,000 support level as the first target. This is the next major support level, and if BTC breaks below it, it will find stability again at $54,000. For a more bullish trajectory to continue, Bitcoin must rise above the resistance at $60,000.

On-chain data also points to conflicting signals. On-chain metrics like net network growth and large transactions remain neutral, indicating that there is not a clear trend in Bitcoin’s current state. In contrast, exchange signals are primarily neutral to bullish. The fact that investors are not currently making a strong investment in the asset, as indicated by the exchange’s negative netflows, may indicate that the market is feeling cautious.

With neutral on-chain data and the potential for a death cross, Bitcoin’s immediate price action is unpredictable. Although there may be a short-term downside risk associated with the death cross, Bitcoin has a history of resilience and has recovered from similar circumstances in the past.

This article was originally published on U.Today

Investing.com – Astar Network’s Shibuya testnet has just launched a major update with the introduction of asynchronous backing, one of the three key technological advancements driving toward its 2.0 version.

With asynchronous backing, Polkadot is slashing block time from 12 seconds to just 6 seconds. The network also bumped up the maximum block weight from 0.5 seconds to 2 seconds, allowing a much larger volume of transactions to be processed in the same amount of time — a big win for developers building decentralized apps on Astar.

Shibuya is the Astar Network’s parachain testnet with EVM capabilities, closely resembling the Shiden and Astar mainnets. It has nearly identical chain specifications, making it an ideal testing environment for developers planning to launch their dApps on the mainnet.

Astar Network is a parachain of the Polkadot network that supports the development of dApps using both EVM and WASM smart contracts and offers cross-chain communication via cross-consensus messaging (XCM). This flexibility helps dApps interact with multiple blockchains, making the network more versatile.

The asynchronous backing also comes with the ability to reuse failed parachain blocks, which cuts down on wasted resources and makes the network more efficient overall. 

In terms of impact, asynchronous backing translates to faster transaction processing and better throughput, boosting the network’s capacity from 100,000 to a million transactions per second. This allows Polkadot to handle a lot more traffic without hiccups, which is crucial for supporting larger and more complex dApps.

The upgrade also promises increases in blockspace production time and transaction volume per block, claiming to deliver eight times the throughput while keeping the network secure. 

Despite the technical leap, DOT’s price showed a muted reaction to the news. The token rose slightly by 1.16% in the past 24 hours, settling at around $4.23. 

Polkadot recently released the Join-Accumulate Machine (JAM) Gray Paper, a development combining elements of both Polkadot and .

New York, United States, September 9th, 2024, Chainwire

Visionary co-founders Mario Nawfal, Scott Melker, James Heckman, and Eyal Hertzog – and an elite coalition of crypto visionaries, have come together to launch a groundbreaking Web3 platform with integrated token, designed to support and fund independent journalism. The decentralized “Roundtable” media platform enables citizens to directly support publishers and already hosts millions of viewers and revenue – ensuring sustainability.

On Monday, Sept 9th, the founders will present the $RTB ecosystem on X Spaces: Crypto Town Hall.

$RTB leverages blockchain technology to protect both journalists and consumers from threatened or actual demonetization—an insidious form of censorship. Roundtable integrates the $RTB token into the platform, so premium content partners can share ownership in the ecosystem, and directly connect with their followers, to ensure independent journalism thrives long-term.

The coalition includes a dream team of the world’s top crypto journalists, analysts, policy-makers, industry leaders, and media brands (full list below).

James Heckman, CEO, and chairman, commented: “our platform embodies 35 years of experience building digital media platforms for major media, now enhanced by Hertzog’s groundbreaking Web3 foundation and integrated payment system. There’s truly nothing like it in the market, and it’s poised to scale from day one. The promise of decentralized media has finally arrived.”

Scott Melker, Co-founder and Host The Wolf of All Streets Podcast & CryptoTownHall, also commented: “The $RTB token isn’t just another cryptocurrency; it’s a beacon for free speech and a new era for journalism where the truth isn’t just told, it’s rewarded.”

Roundtable’s revolutionary Web3 platform addresses the opaque tactics and data loss prevalent in mainstream platforms by ensuring absolute transparency and data control. Previous Web3 media ventures have attempted to succeed next to mainstream platforms but were unable to achieve sufficient revenue and consumer critical mass. Roundtable has already established an economic and distribution inflection point to execute $RTB token ecosystem sustainability.

James Heckman and Eyal Hertzog will be in the Crypto Town Hall spaces next Monday, September 9th, to discuss the $RTB ecosystem, with many of their co-founding partners and industry leaders listed below. users can visit the CoinGecko landing page and pair listing to learn more about the token. To join Roundtable and interact with the top names in crypto, users can download the Roundtable app or visit rtb.io on their web browser.

Users can email chris@roundtable.io to schedule a briefing on Roundtable and the RTB ecosystem or to schedule an interview with CEO James Heckman.

About TheStreetCrypto (Roundtable)

The premier source for and cryptocurrency news, hosted on TheStreet. Produced by a coalition of the world’s most respected and experienced crypto journalists, TheStreetRoundtable partners with top investors, CEOs, innovators, and policy advocates in the industry. Visit our homepage at thestreet.com/crypto

About RTB Digital, Inc

A Web3 digital media SaaS technology company, providing white-label, full-stack distribution, community, publishing, and monetization for professional media brands, journalists, and communities. More information is available on roundtable.io/about.

About $RTB Token

$RTB is a utility token that supports independent journalism, free speech, and the ongoing development of the RTB technology platform. Originally launched as “BBS”, the token was recently rebranded to RTB, and integrated into Roundtable’s content ecosystem. 1 billion tokens have been minted and no more will ever be created.

Roundtable Media Partners

Left to Right, Row 1: Scott Melker – The Wolf of All Streets, Mario Nawfal – Roundtable Host, Aaron Arnold – Co-Host of Altcoin Daily, Austin Arnold – Co-Host of Altcoin Daily. Row 2: George Tung – Host of CryptosRUs, David Gokhshtein, – CEO of Gokhshtein Media, CryptoWendyO – Host of The O Show, Gav Blaxberg – CEO/Founder of WOLF Financial. Row 3: Kyle Chasse – Founder of MV Global, Kelly Kellam – Director at Bitlab Academy, Nick Valdez – Host at Discover Crypto, Joshua Jake – Host at Discover Crypto

Roundtable of Industry Leaders

Left to Right, Row 1: David Packham – CEO of Chintai, Brian Dixon – CEO of Off the Chain Capital, Fred Theil – CEO of Marathon Digital Mining (NASDAQ: NASDAQ:), David Bailey – CEO of BTC Inc. Row 2: Perriane Boring – CEO of The Digital Chamber, Rob Chang – CEO of Gryphon Digital Mining (NASDAQ: GRYP), Michael Wagner – CEO of ATMTA, Pascal Gauthier – CEO of Ledger. Row 3: Brock Pierce – Futurist, Philanthropist, Economist, Creator, Nick Hammer – CEO of Blockfills, Caitlin Long – CEO of Custodia Bank, Dirk Lueth – CEO of Upland Inc.

ContactChief Communications OfficerChris SmithRoundtableChris@roundtable.io

This article was originally published on Chainwire

U.Today – According to a recent analysis by on-chain analytics firm IntoTheBlock, ‘s historical cycles suggest a significant rally might be on the horizon for 2025.

According to IntoTheBlock, historically, the average duration between Bitcoin’s halving events and the subsequent peak is approximately 480 days. This pattern places the next anticipated peak in the summer of 2025.

Bitcoin’s halving events, which occur roughly every four years, reduce the reward for mining new blocks by half. The last Bitcoin halving happened on April 20, 2024, at the block height of 840,000. Bitcoin’s block reward was reduced from 6.25 BTC to 3.125 BTC.

The halving events have historically been followed by substantial price increases, as the reduced supply of new Bitcoin entering the market often leads to increased demand.

In the current cycle, Bitcoin’s price has seen a decline of nearly 12% from its halving price of $63,900. While this decrease might seem discouraging in the short term, it is not unprecedented. Past cycles have also experienced periods of consolidation or minor declines before the market gathered momentum for a significant rally.

The current market behavior suggests a period of accumulation, where investors and institutions may be positioning themselves ahead of the anticipated price surge.

Bitcoin faces bearish September

At the time of writing, Bitcoin had dropped 0.26% in the previous 24 hours to $54,398. September has historically been a challenging month for U.S. stocks and cryptocurrencies, and the performance of Bitcoin’s price in the first week adds credence to the narrative.

Bitcoin’s price has fallen 8% this month, exceeding the decade-long average decrease of 5%. September is one of only two months with average losses since 2013, with June being the only other negative month with an average price movement of -0.35% for that period. On average, September has been the worst month for Bitcoin in the last decade.

However, Bitcoin’s dip in September has frequently been followed by increases. Bitcoin has often recorded increases in October, a month regarded to as “Uptober.” Since 2013, Bitcoin has had an average decline of 5% in September, followed by a 22% gain in October and a 46% increase in November in the 2021 crypto market bull run.

This article was originally published on U.Today