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Nym Technologies, a company specializing in blockchain privacy, has announced a multi-million dollar funding program with the goal of offering financial support to projects dedicated to constructing security-centric infrastructure.  The initiative, known as the Nym Innovation Fund, will pool resources from prominent venture capitalists, including Polychain, KR1, Huobi Incubator and Eden Block, according to the Oct. 24 post on X. The future depends on privacy As part of the thread, the privacy company shares their initial priorities on applications related to Web3 wallets, Remote Procedure Calls (RPCs), and Public Goods Services. However, they continue to invite submissions spanning a wide range of ideas and categories. 1/7 Nym is proud to announce its $300M Innovation Fund program ! A monumental step towards supporting Web3 builders, developers, and privacy advocates. Let’s dive into the details pic.twitter.com/gd3CjMC1aH — Nym (@nymproject) October 24, 2023 Nym, ...

In addition to the renewed wave of optimism in the cryptocurrency sector triggered by the rumors of an imminent approval of a spot Bitcoin (BTC) exchange-traded fund (ETF), the industry’s total market capitalization has skyrocketed, adding $110 billion in a single day. As it happens, the cryptocurrency market cap has increased from $1.16 trillion to $1.27 trillion in the last 24 hours alone, which means it has skyrocketed by nearly 10%, mimicking the growth of its largest asset, according to the information retrieved from crypto monitoring platform CoinMarketCap on October 24. Total crypto market cap 24-hour chart. Source: CoinMarketCap It is also worth noting that CoinMarketCap’s ‘Crypto Fear & Greed Index’, which relies on indicators such as price momentum, volatility, derivatives market , market composition, and CMC’s proprietary data, has turned from ‘Neutral’ on October 23 (at 55.04) to ‘Greed’ on October 24 (at 67.43), suggesting increased investor confidence. Crypto...

Since Oct. 3, when lawmakers removed then-Speaker of the House of Representatives Kevin McCarthy, no legislation has made significant progress through the United States Congress. In an Oct. 23 post, The Blockchain Association’s director of government relations, Ron Hammond, provided an update on the tangential elements on crypto-related issues. Lack of stablecoin regulation As part of the thread, Hammond shares that the race for the Speaker position has attracted numerous candidates who are notably pro-crypto.  1) This week in Congress and crypto : Another week of House Speaker drama and intense focus on Israel/Hamas. For crypto there is a lot of tangental elements on both issues. Many of the speaker candidates have a strong record on crypto so let's quickly meet them and fights to come. — Ron Hammond (@RonwHammond) October 23, 2023 Hammond calls out Tom Emmer as being a leader of the pack, showing that in recent weeks, he made an ascent to the speaker...

Worldcoin Foundation to reward Orb operators in WLD tokens, replacing Circle’s USDC. Since the launch of the WLD project, the operators have been rewarded in USDC. The change takes effect in November when the transitional period will come to an end. In a recent announcement dated October 22, the Worldcoin Foundation revealed its decision to use the platform’s native token, WLD, to reward Orb operators, replacing Circle’s USD Coin (USDC). The announcement also sheds light on the unavailability of the Worldcoin (WLD) tokens to individuals or institutions in America and some other restricted regions at present. Since the launch of the Worldcoin project on July 24, 2023, the Worldcoin Orb Operators utilizing Orbs devices, etc., were rewarded by paying in USDCs. Acknowledging these 3 months as a “transitional period”, and stating that the period is towards its end, the platform claimed that the operators will receive rewards in WLD from November 2023. The announce...

Aside from ditching USDC for its native token, Worldcoin announced some changes to the terms of its WLD loans to market makers. Worldcoin is set to begin paying its Orb Operators — those rewarded for scanning people's eyes — with its native Worldcoin (WLD) token, phasing out USD Coin (USDC) as early as next month. According to an Oct. 22 announcement, Worldcoin says Orb Operators — who are “independent ecosystem participants” tasked with scanning people’s irises in exchange for WLD tokens — will cease to be paid in USDC as of November. The change will affect most jurisdictions. Worldcoin said the move to pay orb operators entirely in WLD was part of a “transitional phase” following the official launch of the project on July 24. On Oct. 10, the Worldcoin Foundation kicked off a pilot program to grant select operators with payment in WLD tokens. “In November 2023, the Worldcoin Foundation expects that the transition process will be completed such that all Operators will receive...

Bitcoin, the software developed by Satoshi Nakamoto, has been updated multiple times since its inception, which resulted in different protocols, networks, and communities. Among all the variations, three chains have kept the core protocol designs while making minor changes: Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin SV (BSV). From the similarities, the three of them have a capped circulating supply of 21 million that will be reached approximately by 2140 with each of their miners discovering blocks in an interval of approximately 10 minutes, guaranteed by the mining difficulty adjustment. Besides that, both BTC, BCH, and BSV use SHA-256 as their mining algorithm and can be mined through special ASIC mining machines. With that in mind, Finbold gathered data from MiningPoolStats to understand the mining decentralization state for the three main chains carrying the name ‘Bitcoin’. Bitcoin SV (BSV) mining centralized in 1 entity Cryptocurrency This is Bitcoin's...

FTX users have reported receiving deceptive emails purportedly sent by FTX Trading, West Realm Shires Services and FTX EU. FTX users are reportedly being targeted in a withdraw al scam. X (formerly Twitter) user and FTX creditor advocate Sunil cautioned FTX account holders about the phishing scam and urged them to avoid clicking on dubious links. Sunil’s X post highlights the ever-evolving tactics online scammers employ. FTX users have reported receiving deceptive emails purportedly sent by FTX Trading, West Realm Shires Services and FTX EU. The emails falsely offer FTX creditors an exclusive chance for immediate asset withdraw als, bypassing waiting periods and legal proceedings. One example of a fraudulent email states: “We are excited to offer the valued priority clients of FTX Trading Ltd., West Realm Shires Services Inc., and FTX EU Ltd., a special opportunity starting today, Oct. 20, 2023. As a priority client, you can now undergo the withdrawal process for your assets on the F...

Bitcoin consolidates below $30,000, with the BTC price weekly close of interest to market analysts. Bitcoin (BTC) tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close. BTC/USD 1-hour chart. Source: TradingView BTC price sets up weekly close showdown Data from Cointelegraph Markets Pro and TradingView captured new two -month BTC price highs of $30,233 on Bitstamp. The pair showed continued strength during the Asia trading session, with a slight comedown taking place at the time of writing, taking spot price back below $29,500. With volatility still evident, market participants argued that a weekly candle close was needed in order to establish the rally’s true staying power. For Keith Alan, co-founder of monitoring resource Material Indicators, the 100-week moving average (MA) at $28,627 was of particular importance. “This move is one to watch, but what I'm watching for right now is to see if this Weekly candle closes above the 100-W...

MX Token (MX) has surged from $0.0118 to $2.8564, fueled by a deflationary. MEXC has announced the launch of Ethereum Expres and FDV Labs on its Kickstarter platform. There is generally positive sentiment throughout the entire crypto market. In recent times, the crypto currency market has experienced a wave of positive sentiment , with several tokens and projects showing remarkable growth. MX Token (MX), the native crypto currency of the MEXC exchange, has not been an exception. The token’s price has seen significant movement, and in this article, we will analyze the factors behind its recent surge. Why MX TOKEN price is surging? MX Token (MX) has been on a notable upward trajectory, defying market trends. The token, which began trading at $0.0118, is now surging, with the current price resting at $2.8564. What’s driving this remarkable increase? One crucial factor is the deflationary mechanism associated with MX Token. MEXC, the exchange b...

Shiba Inu has become a popular meme-based cryptocurrency. It competes directly with Dogecoin in the meme coin space. The developers behind Shiba Inu have been working on various projects for the community. However, the recent launch of Shibarium didn’t prove to be as effective as anticipated in terms of price performance. With cryptocurrency prices trading with major volatility in the past few days, here is our Shiba Inu price prediction for October end 2023. Also read: Ripple (XRP) Price Prediction: October End 2023 Shiba Inu price prediction for October end 2023 Shiba Inu’s price currently stands at  $0.000006743  with a 1.3% drop in value over the last 24 hours. According to Changelly analysts, SHIB is expected to trade at a minimum of $0.00000597 and a maximum of $0.00000735 in October end. Experts predict that the average trading price will be $0.00000666. SHIB has fallen 92.38% since its all-time high of $0.00008845 on October 28, 2021. Also ...

David Schwartz remains optimistic about the government’s rightful action. John Deaton shared his frustration over the authority’s move against the platform. The European government issued a warning against the spread of misinformation on Twitter. The crypto community on X (formerly Twitter) has been grappling with the dissemination of misinformation over the past few days, especially following the Hamas attack on Israel. While the European government has taken the initiative to impose a fine on X, influential figures, including David Schwartz and John Deaton, came forward to exchange their comments. Messari Founder and CEO Ryan Selkis shared a thread on X about the European authority’s letter to the owner of X, Elon Musk, in which the government warned him to prevent the spread of “illegal content and disinformation in the EU.” As per Selkis’ tweet, the government has decided to “fine X 6% of global revenue” if Musk doesn’t tackle the spread of “misi...

Securities and Exchange Commission (SEC) Chairman Gary Gensler recently commented on the application status of numerous Bitcoin spot ETF applications. SEC Chairman Gary Gensler confirmed that the regulator review s numerous Bitcoin spot ETF applications. While mentioning eight or nine such applications, Gensler emphasized the long-standing review process without specifying Grayscale’s situation. “The staff is doing work on those multiple filings.” Gary Gensler, SEC chairman Speaking to Bloomberg, Gensler added that proponents must ensure that their products are registered with the SEC and go through a filing process somewhat similar to a public offering. “This is a time tested process that goes back decades. The staff of the SEC, it’s called the Disclosure Review Team, but in that group, they respond and give feedback to potential issuers.” Gary Gensler, SEC chairman However, the head of the SEC refused to talk about how the Grayscale Inve...

Comments from institutional investors and amendments to the spot Bitcoin ETF applications could be behind the recent improvement in investor sentiment. Bitcoin (BTC) price continues to show strength this week by hitting an intra-day high at $28,516 even as macroeconomic headwinds in the United States continue to weigh on investor sentiment . It’s possible that a certain degree of BTC’s price stability can be attributed to increasing institution al activity and positive institution al investor interest in Bitcoin.  On Oct. 17, Fidelity Investments, a large asset management institution, amended their proposed spot Bitcoin ETF with the Securities and Exchange Commission (SEC). The ETF called the Wise Origin Bitcoin Trust, updated and outlined how Fidelity plans to protect customers’ Bitcoin in custody accounts and revealed risks associated with the unstable regulatory landscape of cryptocurrencies. Fidelity is following in the footsteps of other large institutions like ARK Invest and...

BTC price gains are not guaranteed as a result, but promising on-chain signals show “good things are happening” for Bitcoin bulls, analysis says. Bitcoin (BTC) continues to hold key support which new Analysis says “improves bullish probabilities.” In an X (formerly Twitter) thread on Oct. 17, Caleb Franzen, senior analyst at Cubic Analytics, drew attention to two moving averages now forming the BTC price battleground. Analysis: Enduring Bitcoin support “a great sign” Bitcoin is wedged between the 200-week simple moving average (SMA) and 200-week exponential moving average (EMA), data from Cointelegraph Markets Pro and TradingView shows. BTC/USD 1-week chart with 200-week SMA, EMA. Source: TradingView At $28,277 and $25,744 respectively, as of Oct. 18, the two trendlines have formed support and resistance since mid-August. For Franzen, this is an important feature to note on weekly timeframes and constitutes one of several encouraging characteristics of the BTC/USD chart. “One of the...

In an Oct. 17 post on X, Immutable co-founder Robbie Ferguson shares the news that the vesting of $67 million in token rewards will be delayed until July 2024. The move is said to enhance the Web3 game development platform’s long-term sustainability. Token unlock postponed According to the post, Immutable committed to re-locking 125M $IMX of the project’s dev allocation for another year, meaning that it would be just a few weeks from now the token s were scheduled to unlock. In a follow-up post, Ferguson stated that when the token s do unlock in July, they will be done on a linear monthly vesting schedule over time rather than a cliff. 1/ We're here for the long run. Last year, we committed to re-locking 125M $IMX of @Immutable’s Project Dev allocation for another 1 year. A few weeks from now, these token s are scheduled to unlock. We’re proud to once again re-lock this allocation until July 2024 at a minimum. — Robbie Ferguson 🅧 | Immutable (@0xferg) Oct...

Six eagerly-awaited exchange-traded funds (ETFs) that offer exposure to ether futures contracts got off to a less than spectacular start when they managed to attract a little under $10 million during their first week of trading. Around the same time, Ethereum products in general saw outflows totaling $7.5 million. According to Reuters, the figures, collated by CoinShares, offered fresh evidence of a “malaise” affecting Crypto “at a time when investors are running from risk amid economic gloom and war in Ukraine and the Middle East.” This viewpoint appears to be backed up by the fact that ether prices have dipped more than 5% this month, and the Crypto market as a whole has shed somewhere in the region of $30 billion . Conversely, earlier this month, Treasury yields hit their highest level for years, hinting at a pattern of investors abandoning higher-risk assets. “The timing of the futures ETF s could hardly be worse,” said Vetle Lunde, senior analyst at K33 Researc...

VeChain doubled in price early this year as it jumped from a low of $0.015 to a high of $0.032. It spiked more than 100% between January to March and was among the top-performing cryptocurrencies in the market. While VET performed exceptionally well in Q1 this year, its run remained lackluster during Q2 and Q3 of 2023. The leading altcoin shed all its gains and is now back to square one of its Q1 price. Also Read: GTA Rumored to Land on Netflix – Is It Happening? Now that VET is trading on the back foot, will the supply chain-based cryptocurrency turn the tide this month in October? In this article, we will highlight how high or low VET could trade in the charts by the end of October 2023. VET: Mid-October 2023 Price Prediction For VeChain Source: Image Credit: Romolo Tavani / Shutterstock.com / azocleantech.com Leading on-chain metrics and price prediction firm CoinCodex has pained a bearish picture for VeChain in October 2023. VeChain is currently trading at $0.016 and ...

In an interview with Forbes, El Salvador ’s Vice President, Felix Ulloa, stated his belief that Bitcoin is driving the country’s rebirth. Indeed, Ulloa discussed the integrated presence of this digital asset in the nation’s economic upswing and the benefits of widespread adoption. El Salvador has long been recognized for its connection to the most prominent digital asset. Subsequently, Ulloa has affirmed that the alignment with the currency has been an overwhelming positive for the nation. Specifically, playing a crucial role in its recent resurgence. Also Read: Two Years Ago, El Salvador Adopted BTC as Legal Tender El Salvador VP Champions Bitcoin’s Impact The year thus far has been interesting for the digital asset sector. Since the fall of FTX, countries have been heavily critical of the industry’s position. Subsequently, many nations have sought to combat its presence or establish clear regulations. Yet, one country known for its digital ass...