Chain News Official TheBitTimes.com

Galaxy announced that they will provide market data so that smart contract developers can build better blockchain applications. Despite the innovations brought about by Blockchain technology, a Blockchain by itself does not automatically come with market data . To fix this, the trading and asset management firm Galaxy Digital has collaborated with the Blockchain oracle provider Chainlink.  In an announcement sent to Cointelegraph, Galaxy highlighted that the firm will provide its crypto pricing data to blockchains through Chainlink. The firm believes that with this data, smart contract developers will have the ability to build more advanced decentralized applications (DApps). Zane Glauber, the head of strategic opportunities at Galaxy, told Cointelegraph that they believe that the integration will have a positive effect on the blockchain ecosystem. He explained that: “Blockchains don’t come preloaded with external data, so we’re providing reference prices for spot digital assets that

The card is only available to citizens of the 30-country European Economic Area. Bulgarian decentralized lending platform Nexo has unveiled a crypto -powered debit and credit Mastercard for citizens of the European Economic Area (EEA). According to the Aug. 31 announcement, the Nexo Card will allow users to spend their euro, U.S. dollar, and British pound stablecoins via debit transactions at over 100 million merchant terminals worldwide. Up to 9% in annual interest will reportedly be paid to stored balances. Meanwhile, the Nexo Card's credit transactions use major crypto currencies, such as Bitcoin (BTC), as collateral, offering up to 2% cash back and interest rates of 16% per annum on used credit lines. Both debit and credit transactions directly convert users' crypto to fiat money when used at terminals. Nexo claims that custodied assets are insured by Ledger and Bakkt. The firm also says that the new Nexo Card has no monthly or inactivity fees, no foreign exchange fees

The Monuverse is taking some of the world’s most precious monuments and preserving them forever as NFTs in the digital universe. The use cases of nonfungible tokens (NFTs) have evolved from pixelated punks and apes to real-world applications like real estate contracts and music royalties. Another use case is surfacing as the Monuverse uses NFTs to preserve cultural heritage around the world. Through a combination of Blockchain technology, 3D imaging, generative Art and local collaboration, the Monuverse is using NFTs to take important global monuments into digital reality where they will be infinitely preserved. The first NFT project of this caliber from the Monuverse highlights the Arco della Pace, or the Arc of Peace, in Milan Italy. Ready for a groundbreaking web3 experience?️ It all starts here... Episode I: Arch of Peace, a 7777 generative series by @hello_ouchhh More than 5,000 people joined our allowlist already. How about you? Join us now:https://t.co/Koiij9oBLr ️ pic.twitte

Function X is pleased to announce a partnership with SupraOracles , the flagship project by the Entropy Foundation. The primary objective of SupraOracles is to establish the highest-performing blockchain infrastructure to drive global value exchange. They designed SupraOracles to perform more effectively than the standard cross-chain oracle, and we here, at Function X, are more than delighted to collaborate and forge a new beginning through their Supra Network Activate Program (SNAP). Oracles are essential for the development of blockchains, and through this collaboration, we will be able to utilize SupraOracle’s ability to get off-chain and cross-chain data that’s swift, reliable, scalable, and with impeccable finality. About SupraOracles SupraOracles is influencing the evolution of traditional financial markets into the Web3 ecosystem. The goal is to provide the developer community with a reliable cross-chain oracle. SupraOracles enables developers to build, deploy, and manage data

Also Read: US DOJ Digs for Answers in Sam Bankman-Fried’s Defense advertisement Spot Bitcoin ETF Approval Chances Rise In a significant development, two Bloomberg analysts Eric Balchunas and James Seyffart revealed the improved chances of approval for the spot ETF in the United States . This comes after the US Court ruling on August 29, 2023, granting the Grayscale motion to convert the company’s Bitcoin Trust (GBTC) into a spot Bitcoin ETF. Earlier, Balchunas stated that the chances of spot ETF approval now reached 75% in 2023, which means the odds are more for the nod than not. He tweeted: “James Seyffart and I are upping our odds to 75% of spot Bitcoin ETFs launching this year (95% by end of ’24). While we factored Grayscale win into our prev 65% odds, the unanimity & decisiveness of ruling was beyond expectations and leaves SEC w “very little wiggle room.” Further, the analyst left little room for the ETF approval to drag into the later stages

From data validation to social media-based market intelligence: Here are the top projects combining AI and blockchain. The generative abilities of conversational artificial intelligence such as ChatGPT and Midjourney paved the way for better tools to utilize and benefit from data. However, the AI trend also enabled the rise of fake data and fabricated files. For example, with the advanced content creation capabilities of AI, fake images have become indistinguishable from authentic pictures. With its immutable nature, blockchain technology has the potential to counter AI-powered fake data with a set of verification and validation. Recent reports estimate that the global blockchain AI market will grow from $230 million in 2021 to almost $1 billion in 2030. As the blockchain AI market expands and matures, new projects aiming to provide better data management and security enter the space. From timestamping documents via blockchain to providing data authenticity to using Big Data derived f

Coinbase Victory Potentials Under Scrutiny The SEC appears to have been on a major losing streak with respect to high-profile legal cases against renowned crypto firms in the past few months. The massive victory following the positive XRP ruling from Judge Analisa Torres in more than two-and-a-half-year lawsuits between Ripple Labs and the SEC notably broke the fallow ground in the nascent industry. advertisement The SEC had alleged that Ripple sold XRP as an investment contract to both institutional investors and retail investors and hence, demanded a $1.3 billion civil payment. After much dragging and the Analysis of the Howey Test as it concerns the retail trading sales, Judge Torres concluded that XRP sold by Ripple to institutional investors are securities while those acquired on secondary marketplaces are not. The broader crypto ecosystem is now shining the beam on the lawsuit between Coinbase and the SEC after Grayscale Investments also snatched a much-

Axie Infinity Grows In Popularity Among Developing Nations According to data from ActivePlayer.io, the United States notably ranks third in terms of active Axie Infinity players. Whereas, every other countries on the list are developing nations. In fact, estimations place about 40% of the players to be based in the Philippines. advertisement Also, a Twitter user simply identified as Saharan-sub says, Axie Infinity players in Ghana can make between 854 to 2,562 Ghanaian cedis per month ($140 to $420). That is several times above the African country’s minimum wage, according to the tweet. While Axies come in different rarity versions, and with different attributes and strength, one simple way to earn money is to buy and sell Axies on the marketplace. But for population control, each Axie can only be bred a certain number of times, thereby making it scarce. When it comes to breeding Axies, three digital currencies are usually required. They are; the Axie I

Some members of the DeFi protocol suspected a potential exit strategy at play. BarnBridge DAO is pausing its operations due to a probe by the United States SEC. The reason for the SEC’s investigation into the DAO and its members remains unknown. Decentralized finance protocol BarnBridge DAO has reportedly halted all its operations following a probe by the U.S. Securities and Exchange Commission (SEC). Members of the decentralized autonomous organization have been asked to stop interacting with all products related to BarnBridge. pic.twitter.com/ChsjBuGEzM — BarnBridge (@Barn_Bridge) July 7, 2023 BarnBridge DAO took to Twitter earlier today to share the latest development with its online community. Douglas Park, the DeFi protocol’s legal counsel, posted a message on the DAO’s discord server that revealed the securities regulator’s investigation. The extent of the investigation reaches members of the DAO as well. The DeFi protocol shut down all liqui

Here’s a breakdown of how much Solidus AI Tech IDO raised from different launchpads: advertisement Enjin Starter IDO: 21st $140k Raised  Chain GPT IDO: 21st $160k Raised  Decubate IDO: 22nd $120k Raised  Seedify IDO: 22nd $290 Raised  Trustswap IDO: $100k Raised Let’s take a look at how its first-time IDO turned out to be successful, gaining interest from investors for a total of $2.8 million in a 24 hours. Solidus AI Tech Roadmap to a Successful IDO The preparation for Solidus IDO allowed it to be such a success in just 24 hours, but it would not have been possible without: ⦁ Strategic Prior Collaborations Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read

Polychain Capital and CoinFund launch new funds, and spot Bitcoin ETFs approval rumors can’t brighten the outlook for crypto VC sector. July saw a drop in capital inflows from venture capitalists by 10.26% resulting in $700 million raised according to Cointelegraph Research VC Database. The last two months rejected the potential upward trend, as it seems that macroeconomic conditions revolving around the United States Federal Reserve rate hikes and geopolitical events are still having a more severe impact on VCs’ decision making.  With this in mind, many firms are staying risk-off with most of their reserves, while some are deploying portions of capital to value investment s. Generally, VCs are closely examining each new project for potential investment opportunities, preferring to follow smart money instead of taking stabs in the dark. Purchase access to the Cointelegraph Research VC Database. However, not everything is so grim in the crypto VC sector. Polychain Capital launched an