In a six-month roadmap unveiled on Nov. 29, the BNB Chain development team said it is targeting 10,000 transactions per second and fees of $0.001 on the layer two (L2) solution Opbnb. Sometime between 2024’s second and third quarters, the objective will be to lower the gas limit per block increase from 100M to 200M.

Making the Chain More Accessible

On Nov. 29 the BNB chain unveiled what it called a tech roadmap for Opbnb, a layer two (L2) solution within its ecosystem. The goal of the roadmap is to make “blockchain more accessible, with the design principles based on making the Opbnb network more efficient for users and developers.” To achieve this, the roadmap is targeting 10,000 TPS (transactions per second) for transfers as well as “a price reduction of ten times on Opbnb.”

The unveiling of the six-month roadmap came just days after the transaction count on Opbnb tapped a new all-time high of 5.47 million. This milestone was achieved when “the network handled the full capacity of 100M gas per second smoothly in a single block.” This is said to have resulted in the network processing 645 minting transactions per second.

Meanwhile, in a statement, the BNB Chain core development team praised the Opbnb community for being instrumental in the L2’s success so far. The team also noted that the community’s efforts can prove to be potentially vital in the development of decentralized applications.

“We recognize the immense potential of our community members to contribute not only to the development of dapps on Opbnb but also to core chain technology innovations. In addition, developers who contribute to Opbnb, will have access to the Most Valuable Builder Program (MVB) in collaboration with Binance Labs and CMC Labs and be eligible to apply for grants and mentorship,” the team said.

As explained in the statement, Opbnb is also aiming to reduce transacting fees from $0.005 to $0.001 in the last quarter of 2023. In the first quarter of 2024, the objective is to increase capacity from 100M to 150M. Between Q2 and Q3 of 2024, the goal is to lower the gas limit per block increase from 100M to 200M and achieve a transaction per second milestone of 10,000.

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The now-inoperative crypto lending firm Celsius has announced the opening of withdrawals for select “Eligible Custody Users,” as declared in a recent statement on Wednesday. These custody account holders now have the opportunity to withdraw approximately 72% of their cryptocurrency assets, with the deadline set for February 28, 2024.

Celsius Announces Limited Withdrawal Window for Eligible Users

On Wednesday, Celsius communicated that certain customers have been granted withdrawal rights following court approval of the company’s restructuring plan. The decision comes after Celsius sought Chapter 11 bankruptcy protection on July 13, 2022, a month subsequent to the suspension of withdrawals. Now, “Eligible Custody Users” are permitted to access their funds.

The company’s official X page stated, “Beginning today, additional withdrawals for Eligible Custody Users are now available. Please note that the only assets currently available for withdrawal are certain Custody Assets; all other cryptocurrency remains unavailable for withdrawal at this time.”

This segment of custody clients originates from two separate groups of claimants, who have until February 28, 2024, to execute their withdrawals. Handling of other clients, including those who opposed Celsius’ restructuring plans, will occur over the forthcoming six months. Participants in the current withdrawal process will receive slightly more than 72% of their crypto assets, according to the docket provided by Stretto, a bankruptcy case filings management company.

As per the latest update on November 24, 2023, on Claims Market, bids for Celsius claims are at $0.38 on the dollar. In comparison, FTX claims in that specific bankruptcy case are fetching $0.57 on the dollar through Claims Market. Furthermore, Celsius has advised its eligible clients on social media to expedite the withdrawal of their cryptocurrency assets before the window of opportunity lapses.

The company emphasized on Wednesday, “We strongly encourage you to withdraw these assets from the Celsius app and take personal records of information you may find useful immediately, as the Celsius app will only be available for a limited time.”

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On Wednesday, Northern Data Group, headquartered in Frankfurt and specializing in bitcoin mining, disclosed that its subsidiary, Taiga Cloud, has secured a significant acquisition of about 8,200 Nvidia H100 Tensor Core Graphics Processing Units (GPUs). These newly acquired units will complement Northern Data’s current collection of artificial intelligence (AI)-oriented hardware, following their previous acquisition of 10,000 Nvidia GPUs in September.

Taiga’s $362M Nvidia AI Boost; Northern Data Launches Liquid-Cooled Bitcoin Mining Site

In a continuous stride towards growth in the generative AI sector, Northern Data Group and its subsidiary, Taiga Cloud, announced on November 29 another noteworthy expansion. Taiga Cloud has enhanced its AI infrastructure through the procurement of additional Nvidia-based GPUs.

The expansion includes equipping Taiga Cloud with HPE Cray XD supercomputers, furnished with Nvidia H100 GPU Tensor Core GPUs. This latest acquisition, valued at 330 million euros or equivalently $362 million, was facilitated by Hewlett Packard Enterprise (HPE). The company had previously acquired 10,000 Nvidia units in September.

“Taiga and HPE share similar beliefs and values, which are aligned to democratizing access to cutting-edge sustainable generative AI technology,” Karl Havard the managing director of Taiga Cloud said in a statement. “We understand that AI workloads require purpose-built AI-native architecture where hundreds and even thousands of nodes work together in concert to support a single workload.”

The recent announcement highlights Taiga’s ascendancy as a frontrunner among Europe’s generative AI Cloud Service Providers. Taiga’s investment in AI hardware exceeds $800 million, granting them “access to over 18,000 Nvidia H100 Tensor Core GPUs.” Additionally, Taiga revealed its generative AI Cloud’s achievement of 100% carbon neutrality, maintained through energy-efficient Power Usage Effectiveness (PUE) ratios below 1.2.

In a parallel development, Northern Data is advancing its bitcoin mining endeavors. Its subsidiary, Peak Mining, has commenced the construction of a 30-megawatt (MW) mining facility in Grand Forks, North Dakota. The project, which began this month, is on track to be operational in the first quarter of 2024. The facility, boasting state-of-the-art direct-to-chip liquid-cooling technology, will utilize Microbt‘s advanced liquid-cooled M53S++ miners.

What do you think about bitcoin mining firms expanding into the AI sector? Share your thoughts and opinions about this subject in the comments section below.

PRESS RELEASE. ZKSpace has recently announced two significant developments: its expansion into the BRC20 ecosystem and the unveiling of its Tokenomics 2.0 Trilogy.

Expansion into the BRC20 Ecosystem:

• Background: Following the BTC network’s Taproot upgrade, the BRC20 ecosystem has gained traction in the cryptocurrency domain. ZKSpace is now pivoting towards this ecosystem to meet growing user demand and diversify its product offerings.
• Strategic Focus: The move aims to align with user preferences, leverage the ZKSpace team’s expertise in Zero-Knowledge Proof, and enhance the value of ZKS token holders.
• Initiatives: ZKSpace plans to introduce a suite of products and services tailored to the BRC20 ecosystem, including a BRC20 Exchange, BRC20 Info, and a BTC Layer2 wallet.
• Roadmap: Key milestones include the introduction of ZKSwap (zkSync version), cross-chain functionality with BZKSwap, and the launch of a comprehensive BTC ZKVM solution for a decentralized BTC Layer2 DEX.

Tokenomics 2.0 Trilogy:

• Token Supply Adjustment: ZKSpace has decided to burn 40% of the total ZKS token supply, reducing the uncirculated supply from 440 million to 40 million tokens. This move aims to create a deflationary effect on the non-circulated portion of the tokens by over 90%. The token burn is commenced for completion by December 31, 2023.
• New Use Cases: In 2024, ZKS tokens will be upgraded to dual-chain Layer2 governance tokens, operable on both ETH and BTC networks. This includes the migration of a portion of ZKS tokens to the BTC network, with profits dedicated to accelerating the token’s deflationary plan.
• Future Developments: This token burn is the first phase of the innovative Tokenomics 2.0 model trilogy. ZKSpace is also planning a series of products for the BTC ecosystem and a significant brand evolution.

Conclusion:
These developments by ZKSpace mark a strategic shift towards embracing the BRC20 ecosystem and innovating its tokenomics. The company is set to enhance its product offerings and user experience, while also adding value to its ZKS token holders. Stay tuned for more updates as ZKSpace continues to evolve and expand its presence in the cryptocurrency market.

For more information, visit ZKSpace’s official channels.

Website｜Web APP｜Mobile APP｜Twitter｜Telegram｜Discord | Reddit｜Forum｜Medium｜Mirror｜GitHub

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

PRESS RELEASE. London, United Kingdom, 29th November, 2023. Bondex, the groundbreaking decentralized professional talent network, is proud to announce the launch of its innovative Job Portal, marking a paradigm shift in the recruitment landscape. In partnership with some of the biggest names in the space for their first external marketing campaigns, including names like Coinlist and Chainlink, Bondex will be able to become the leading talent platform in Web 3.

The platform introduces an innovative referral reward system, democratizing the hiring process and creating a symbiotic ecosystem where talent, employers, and recruiters converge for mutual benefit and potential financial gains that offers users a new means of gaining passive income. The ongoing campaign with Coinlist for the next three months will give users the potential to boost their airdrop eligibility, giving them the opportunity to receive more financial rewards.

The Bondex platform and app, available on GooglePlay, and the Appstore, has over three million downloads, four million registered users, and a thriving million monthly active users. As a gamified decentralized token-based professional talent network, Bondex incentivizes user participation for career advancement, talent referrals, networking, and skill development. The platform shares the resulting economic value with its participants, creating a decentralized professional network where reputation dictates user participation.

Through an open referral rewards system, Bondex’s Job Portal redefines traditional recruitment by providing users with incentives to become recruiters. By leveraging their professional networks, users can profit from hiring companies’ bounties. By utilising the combined reach of user networks, this crowdsourced method guarantees the best possible matches between employers and candidates, differentiating Bondex from outdated Web 2 leaders.

About Bondex

Bondex is a decentralized professional talent network and job portal that empowers users to become recruiters, connecting talent with employers through a unique referral rewards system. With a gamified approach and over three million downloads, and four million registered users, Bondex disrupts traditional recruitment models, fostering a symbiotic ecosystem for mutual benefit.

For media inquiries, please contact:

Dina Mattar, CEO of DVerse

dina@dverse.xyz

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Recent market data reveals a significant surge in the AI-focused cryptocurrency sector, with its value ballooning by nearly $2 billion in just under two weeks. A major contributor to this growth is the token bittensor (TAO), which soared 86.5% in the last fortnight.

AI Crypto Economy Rebounds Strongly

In the AI-oriented crypto landscape, the past month has been marked by impressive growth. The top six AI tokens have all experienced double-digit percentage increases. TAO leads the pack with a striking 207% rise in the last 30 days. Following closely, fetch (FET) has climbed 46.34%, and covalent (CQT) has risen 41.91% against the U.S. dollar during the same period.

In the past month, the graph (GRT) experienced a 35% increase, while singularitynet (AGIX) witnessed a 28% uptick in its value. As of 12 days ago, on November 17, 2023, the valuation of the AI-centric crypto economy stood at $3.32 billion. This was a recovery to previous levels, achieved over three months, adding approximately $720 million from its July end low of $2.6 billion.

In just the last 12 days, the sector has expanded by an impressive $1.97 billion. This growth is largely attributed to TAO’s rise, escalating from a market value of $329 million on October 29 to today’s $1.297 billion. Cortex (CTXC) also emerged as a significant player in the AI-focused arena, climbing from the 17th to the 11th position in terms of market capitalization.

CTXC’s market value soared from $37 million to a current $90.62 million, following a 194.12% surge this past month. However, not all AI-centric cryptocurrencies fared well over the same period. GOC, XMON, NEURONI, ARCONA, AMC, DX, XRT, and ALI all recorded double-digit declines during the 30-day timeframe.

What do you think about the AI crypto sector’s recent rise? Share your thoughts and opinions about this subject in the comments section below.

The price of bitcoin is hovering just above the $38K range after a bullish trading day on Tuesday following U.S. Federal Reserve Governor Chris Waller’s dovish speech. Bitcoin’s 24-hour range has been between $37,156 to $38,450 and it currently has a market capitalization of around $745 billion.

Bitcoin

As bitcoin’s price hovers around $38,275, a detailed examination of oscillators and moving averages presents a compelling story for its current market position. Oscillators, key tools for identifying market momentum, are currently showing neutral signals, suggesting a stable market without overbought or oversold conditions. Simultaneously, moving averages across various time frames unanimously signal optimistic sentiment, indicating the possibility of a sustained bullish trend for bitcoin.

Oscillators, which include tools like the relative strength index (RSI), Stochastic, and commodity channel index (CCI), provide insights into Wednesday’s market dynamics. The RSI, at 62, is firmly in neutral territory, negating any immediate signs of overvaluation or undervaluation. This neutrality is echoed in the Stochastic and CCI readings of 78 and 166, respectively, both also signaling a balanced market state without immediate pressure for price correction.

The exponential moving average (EMA) and simple moving average (SMA), critical indicators for assessing long-term bitcoin price trends, are showing strong bullish signals across multiple time frames. The 10-day EMA and SMA stand at $37,478 and $37,421, slightly below the current price, reaffirming the positive sentiment. Similarly, the 20-day EMA and SMA, at $36,876 and $37,125, reinforce this bullish outlook, suggesting the possibility of continued upward momentum.

An examination of the longer-term moving averages further cements the positive outlook for BTC. The 50-day EMA and SMA, recorded at $34,571 and $34,120, are well below the current price, indicating that the mid-term trend is firmly in favor of the bulls. The 100-day and 200-day moving averages, traditionally seen as indicators of long-term market sentiment, also present a unanimous bullish signal, with values significantly lower than the current market price.

The unanimous signals across all major moving averages underscore a strong and enduring positive trend in the bitcoin market. This trend is not just a short-term spike but a sustained movement, as evidenced by the consistency in the indicators across the 30, 50, 100, and 200-day averages. The analysis of both oscillators and moving averages paints a picture of a stable yet growing market. While the neutral stance of oscillators calls for cautious optimism, the overwhelming bullish signals from the moving averages provide a strong foundation for the current price levels.

Bull Verdict:

The current neutral readings from oscillators such as RSI, Stochastic, and CCI, suggest a well-balanced market, free from overextension. This stability, combined with the consistent buy signals across all major moving averages, indicates a robust bullish trend.

Bear Verdict:

Despite the overall bullish indicators, a cautious approach leads to a bearish verdict. While oscillators show a neutral market, this can also be interpreted as a lack of strong bullish momentum, potentially signaling a plateau in price movement. The proximity of current prices to the short-term moving averages (10-day and 20-day) may suggest limited room for significant upward movement in the near term.

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What do you think about bitcoin’s market action on Wednesday morning? Share your thoughts and opinions about this subject in the comments section below.

Canaan Inc, the crypto miner and mining rig producer, said the company’s overall revenue in Q3 stood at $33.3 million or some $40 million lower than the Q2 revenue. According to the company’s CEO, stagnant bitcoin prices and rate hikes by the U.S. Federal Reserve were some of the key factors that contributed to the decline in revenues.

Canaan’s Latest Mining Revenue Nearly 80% Lower Than in Q2

In the third quarter (Q3) of 2023, the overall revenue of Canaan Inc, the crypto miner and mining rig producer, stood at $33.3 million or just over $40 million lower than the $73.9 million realized in Q2, the firm’s latest financial results have shown. The firm’s Q3 revenues are also significantly lower than the $145.5 million generated during the same period in 2022.

As shown in the company’s unaudited Q3 financial results, Canaan Inc revenues earned from mining activities were nearly 80% ($3.3 million) lower than Q2 revenues of $15.9 million. Similarly, Canaan’s 2023 Q3 mining revenues are almost 65% lower than the $9.2 million that was generated in Q3 of 2022.

Increased Price Competition

Commenting on the company’s performance in the quarter under review, Nangeng Zhang, the chairman and CEO of Canaan, said:

During the third quarter of 2023, the stagnant bitcoin price and further interest rate hikes by the Federal Reserve presented us with significant challenges. Despite these headwinds, we have stayed committed to our strategic plan. In mid-September, we launched and opened pre-sales for our new A14 product series, featuring computing power of 150Thash/s with superior energy efficiency of 21J/Thash/s.

Zhang also identified increased price competition and “a noticeable softening in purchasing power on the demand front” as factors that contributed to the drop in revenues. As a consequence, Canaan went on to record a loss from operations of $112.8 million. The loss is $6.3 million lower than that realized in Q2 of 2023.

Meanwhile, in its Nov. 28 press release, Canaan revealed it had been granted a “Type II license for mining hardware owners to conduct bitcoin mining in Kazakhstan.” Concerning a dispute with its U.S. mining partner, Canaan said its subsidiary had filed an arbitration demand on October 19, 2023. In addition, the subsidiary had taken “possession of approximately all 26,000 units of mining machines deployed in this project.”

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PRESS RELEASE. Road Town, BVI, November 29, 2023 – LBank Exchange, a global leader in digital asset trading, is set to enhance its platform by introducing Shrapnel (SHRAP), a pioneering blockchain-enabled first-person shooter game. This collaboration marks a significant milestone for both entities in the digital asset space.

About Shrapnel (SHRAP)

Shrapnel is being hailed as the world’s first blockchain-enabled first-person shooter game that empowers players with unprecedented levels of creation, trade, and ownership of digital content. Shrapnel presents a rich set of player-creation tools, combining combat, creation, curation, and connection into a community where players own the platform and decide its future. For nearly two decades, the developers have envisioned a competitive, multiplayer FPS where players could mod and make the game their own. But only now has blockchain technology provided the capabilities necessary to support the transaction volume and attribution complexity inherent to such a game.

Shrapnel will be the first moddable AAA FPS game built entirely on chain, using blockchain to empower players to collectively govern the game and its future roadmap. With an intuitive token-based economy, players can finally be rewarded for spending time doing what they love – playing and creating within an FPS game.

As the first competitive multiplayer FPS enabling true player ownership of content created and curated by the community, Shrapnel has the potential to become the definitive FPS franchise for an entire generation of players and creators. The time is right for a game that combines the competitive gameplay of classic shooters with the creative freedom of Minecraft and Roblox.

The developers of Shrapnel aim to fulfill this vision and usher in a new era of community-owned competitive multiplayer games. By leveraging blockchain technology, they intend to empower players to collectively own, govern, and benefit from the platform. Shrapnel represents an ambitious next step in the evolution of FPS games.

SHRAP Token: Powering the Ecosystem

Central to the Shrapnel ecosystem is the SHRAP token, an ERC-20 token deployed on the Avalanche blockchain. This token facilitates various functions, including NFT minting fees, marketplace transactions, reward distributions, and community governance. SHRAP is more than just a utility token; it’s a cornerstone in creating a dynamic and participatory game economy, offering players true ownership of their gaming experiences.

LBank Exchange: A Platform of Choice

This collaboration with Shrapnel (SHRAP) reflects LBank’s commitment to bringing innovative and transformative opportunities to its vast user base. It underscores the exchange’s dedication to embracing cutting-edge technologies and projects that resonate with the future of digital assets.

Learn More about Shrap Token:

Official Website: https://www.shrapnel.com/

Contract: https://snowtrace.io/token/0xd402298a793948698b9a63311404FBBEe944eAfD

Discord: https://discord.com/invite/shrapnel

YouTube: https://www.youtube.com/@playSHRAPNEL

Medium: https://medium.com/@playSHRAPNEL

X (formerly Twitter): https://x.com/playshrapnel/

About LBank

LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.

Start Trading Now: lbank.com

Community & Social Media:

l Telegram

l Twitter

l Facebook

l LinkedIn

l Instagram

l YouTube

Press contact:

press@lbank.info

Business Contact:

LBK Blockchain Co. Limited

LBank Exchange

marketing@lbank.info

business@lbank.info

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Animoca Brands is now TON blockchain’s largest validator and will henceforth “provide funding, research, and an analytics platform.” The software company said Animoca’s collaboration with TON further reinforces its commitment to the latter’s ecosystem. The Animoca Brands chairman said the investment in TON underscores his organization’s desire to help onboard the next million Web3 users.

TON Scalability

Animoca Brands, the Hong Kong-based game software company, is now the largest validator of The Open Network (TON) blockchain and “will provide funding, research, and an analytics platform.” In a statement, Animoca said this new collaboration further reinforces its commitment to the TON ecosystem.

As noted in the statement, Animoca initially conducted extensive research before committing to invest in TON’s ecosystem. In one of the two research papers it developed, Animoca said it saw the user-friendly decentralized applications (dapps) on TON and the protocol’s scalability as key elements to the TON community’s growth.

Commenting on Animoca’s renewed commitment to the protocol, Justin Hyun, the director of growth at TON Foundation, described the investment as the next important step in blockchain-based gaming. He added:

Its new analytics platform and in-depth research reports represent alignment with TON Foundation’s mission. Together, we will infuse Web3 seamlessly into the daily experiences of Telegram users, particularly in gaming, for a global audience to enjoy.

Yat Siu, the co-founder and executive chairman at Animoca Brands, said the investment represents his organization’s goal of helping onboard the next million Web3 users. He added that Animoca’s participation in the TON network’s validation also demonstrates faith in the “vision behind the TON project.”

According to the statement, TON Play is one gaming infrastructure project which is expected to receive Animoca’s support. Besides providing the needed infrastructure and solutions for gaming projects to launch directly onto Telegram, TON Pay also gives developers an opportunity to harness the social app’s 800 million active users.

What are your thoughts on this story? Let us know what you think in the comments section below.