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Revolutionizing Luxury Automotive Ownership with Blockchain Technology

Wednesday. December 11 at 3:00 AM

CryptoAutos, the world’s first blockchain-powered luxury automotive marketplace, has announced the Token Generation Event (TGE) for its native utility token, $AUTOS, scheduled for 11th December 2024 at 12 PM UTC. This event signifies a major step in CryptoAutos’ mission to revolutionize the ownership and interaction of high-value assets through blockchain technology. The $AUTOS token will debut at a fixed price of $0.04, with a fully diluted valuation (FDV) of $40 million. It will be accessible on Uniswap DEX, KuCoin, and Gate.io, ensuring global availability. The recent Community Launch on Fjord Foundry raised $4.5 million in just 5.5 hours, showcasing strong community interest. $AUTOS token holders can claim their tokens easily post TGE, while airdrop winners will receive tokens automatically. The $AUTOS token plays a crucial role in CryptoAutos’ platform, offering a secure and efficient way to engage with luxury assets, driving solutions for luxury ownership on the blockchain.

NFT

Bitcoin MENA Conference: A Gateway to Financial Revolution

Wednesday. December 11 at 2:00 AM

The Bitcoin MENA conference, set to take place on 9-10 December 2024 at the ADNEC Center in Abu Dhabi, will feature the founder of the Eric Trump Foundation as the keynote speaker. Eric Trump, known for his advocacy of financial freedom, will address a global audience of Bitcoin creators, users, and government officials. Despite his role as the executive vice president of the Trump Organization, Trump has shown strong support for Bitcoin and blockchain technology. His speech will focus on the use of Bitcoin for wealth preservation and economic liberty, offering valuable insights to attendees. The conference will also feature prominent speakers such as Anthony Scaramucci, Saifedean Ammous, and Yoni Assia, who will discuss key issues shaping Bitcoin's future in the Middle East and beyond. With a focus on networking, collaboration, and education, Bitcoin MENA aims to explore the region's growing interest in cryptocurrency and blockchain technology, providing a platform for industry leaders to share their expertise.

Blockchain Gaming

Investment in TON Ventures by OKX Ventures to Boost Telegram-Powered TON Applications

Wednesday. December 11 at 1:00 AM

OKX Ventures, the investment arm of global crypto exchange OKX, has injected $5 million into TON Ventures to enhance the development of Telegram-driven TON apps. The investment was disclosed by the OKX Ventures team on Dec. 10, in support of The Open Network blockchain's specific venture capital fund. This funding aims to expedite the growth of the TON ecosystem's developer community. Jeff Ren, a partner at OKX Ventures, expressed confidence in TON's ability to promote mainstream adoption of onchain technologies. The recent launch of the Telegram Growth Hub, in conjunction with this investment, underscores OKX Ventures' commitment to TON's potential. The collaboration with TON Ventures' founding team, known for their extensive ecosystem knowledge, is expected to facilitate the scaling of TON-native applications. OKX Ventures also introduced the $10 million Telegram growth hub with The Open Platform and Folius Ventures to introduce blockchain applications to Telegram's vast user base. TON Ventures, having raised $40 million in funding, is focusing on future developments in gaming and monetization tools.

Blockchain Gaming

Italy Revises Cryptocurrency Tax Proposal Amid Industry Opposition

Wednesday. December 11 at 12:00 AM

Italy has scrapped plans to increase the tax on cryptocurrency capital gains from 26% to 42% due to strong opposition and political discord. The initial proposal by Economy Minister Giancarlo Giorgetti aimed to boost government revenues but faced backlash from lawmakers, industry players, and the ruling League party. Instead, Italian lawmakers are now considering a more modest hike to 28% or maintaining the current 26% rate to support the growing crypto sector. The revised tax plans are part of the 2025 budget awaiting parliamentary approval by December. Advocates for a softer approach, like League lawmaker Giulio Centemero and Treasury Junior Minister Federico Freni, warn that excessive taxes could drive crypto trading underground, hurting investors and the economy. Italy's shift reflects global trends in regulating and taxing cryptocurrencies, with countries like Russia and the Czech Republic also adjusting their tax policies to encourage digital asset investments.

Cryptocurrency

Hyperbolic Secures $12M for Decentralized AI Infrastructure

Tuesday. December 10 at 11:00 PM

Hyperbolic, a startup specializing in decentralized AI computing and inference services, has raised $12 million in a Series A funding round led by Variant and Polychain Capital. The funding round saw participation from various investors, including Lightspeed Faction, Bankless Ventures, and Wintermute Ventures, as well as angel investors Sreeram Kannan and Alex Atallah. This brings the company's total funding to $20 million, aiming to expand its presence in the growing AI and Web3 markets. Hyperbolic is developing a decentralized GPU marketplace and offering verifiable AI inference services to address the lack of accessible and affordable computing power for developers and researchers. Their platform allows GPU suppliers to monetize idle resources and offers renters up to 75% cost savings. With a focus on bridging Web2 and Web3, Hyperbolic plans to launch its own blockchain in 2025 for collective governance. Major players like Hugging Face and Quora already utilize Hyperbolic's services, and the company intends to use the funding to expand its teams and global AI platform.

Decentralized

Global Crypto Awareness on the Rise Amidst Trust Issues in Traditional Finance

Tuesday. December 10 at 10:00 PM

A recent global survey conducted by Consensys and YouGov reveals that crypto awareness has surged to 93% as trust in traditional financial systems wanes. The report indicates a growing understanding and adoption of cryptocurrencies worldwide, particularly among younger men aged 25 to 44. Ownership and investment in digital assets have also seen an uptick, with Nigeria leading in ownership rates. Despite these positive trends, barriers such as market volatility, scams, and lack of clear entry points persist, hindering broader participation. Concerns about centralized platforms and a desire for more control over online identities and data are prevalent among respondents. Blockchain technology is seen as a potential solution to address these challenges, with a majority expressing distrust in traditional financial systems. The survey underscores the need for education and reform in the evolving digital landscape, as users increasingly seek ownership and control over their digital presence.

Blockchain Gaming

Cardano (ADA) Price Analysis and Forecast

Tuesday. December 10 at 9:00 PM

Cardano (ADA) is currently trading below $1 for the first time since November 26, indicating a persistent downtrend. The ADX has surged to 41.2, confirming the strength of this bearish trend, with ADA facing pressure as D- stands at 33.2 and D+ at 6.2. The Ichimoku Cloud has turned red, signaling a bearish outlook as ADA remains below the cloud, hinting at potential further downward pressure. The technical setup suggests ADA may test lower support levels soon. Despite the rising ADX, ADA is still in a downtrend, with a higher D- than D+, indicating continued negative momentum. If ADA remains below the cloud, it could face increased selling pressure, potentially testing support at $0.87 and lower levels. On the flip side, overcoming resistance at $1.11 could lead to further gains. This analysis serves for informational purposes only, and readers are advised to conduct their own research before making financial decisions.

Cryptocurrency

India's Jetking Infotrain Makes History with Bitcoin Treasury Reserve

Tuesday. December 10 at 8:00 PM

Jetking Infotrain has made headlines as India's first publicly traded company to hold Bitcoin in its treasury reserve. The firm recently acquired 12 BTC, valued at $1.2 million, marking a significant move in the crypto space. CEO Avinash Bharwani revealed the company's strategy to mix equities with BTC to enhance long-term growth. This decision comes amidst a growing trend of companies adding Bitcoin to their balance sheets, with MicroStrategy and Riot Platforms also making similar moves. Suril Desai, a prominent crypto lawyer, is leading discussions with regulators to formalize Jetking Infotrain's Bitcoin holdings. The company's initiative aligns with India's evolving stance on cryptocurrencies, following the lifting of a 2-year ban on banks facilitating crypto transactions. Despite regulatory challenges, the adoption of Bitcoin by Indian companies signals a shift towards mainstream acceptance and integration of digital assets in traditional finance.

Cryptocurrency

Dimo's Migration to Base: A Strategic Move for Future Growth

Tuesday. December 10 at 7:00 PM

Dimo, a platform facilitating developers to create apps and drivers to monetize their data, is transitioning from Polygon to Coinbase's Base Ethereum scaling network. Co-founder Rob Solomon sees this shift as a gateway to valuable partnerships. The project aims to establish a global API layer for cars, envisioning a future with AI car mechanics and data-selling opportunities for users. While currently operating on Polygon, Dimo plans to switch to Base layer-2 chain for enhanced collaborations. Solomon highlights potential partnerships with projects like Cario and Blackbird. The migration is scheduled for late 2025, with minimal impact on platform users. Base, backed by Coinbase, offers a robust ecosystem attracting various projects. Dimo sees Base as a strategic fit for its long-term goal of revolutionizing the car industry. Solomon foresees Dimo's blockchain technology replacing traditional vehicle identification systems, streamlining processes like payments and credentials. This vision aligns with Dimo's ambition to be a pivotal player in the automotive sector, with Base as its preferred platform for growth.

Blockchain Gaming

Understanding Blockchain Nodes and Their Role in Decentralization

Tuesday. December 10 at 6:00 PM

Blockchain networks consist of nodes that maintain the network structure, store, verify, and send data. These nodes play a crucial role in ensuring the integrity and security of exchanges within the network. They are classified based on their functions and roles, varying across different blockchain systems. For instance, in Bitcoin, nodes verify transactions, while in Ethereum, they confirm transactions through staking. The consensus mechanism, whether Proof of Work (PoW) or Proof of Stake (PoS), dictates how nodes operate to maintain network integrity. Owning a blockchain node requires interest, expertise, and resources, with examples including Ethereum, Polygon, and Avalanche protocols. While running nodes may pose security risks and resource demands, they contribute to network integrity and decentralization. Understanding the types and functions of blockchain nodes is essential for individuals entering the crypto industry, as they are fundamental to blockchain networks and support community-driven decentralization.

Consensus Mechanisms