The decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update, approved by the Dydx community, includes the implementation of isolated markets and margins, designed to refine risk management and collateral usage. Dydx Chain Launches Upgrade According […]
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Pyth Network Unveils Real-Time Bitcoin ETF Price Feeds, Bridging Defi and Traditional Finance
On Tuesday, Pyth Network announced the rollout of real-time price feeds for bitcoin exchange-traded funds (ETFs), enhancing the data’s availability to both decentralized finance (defi) developers and the wider crypto and traditional financial communities. These feeds encapsulate data from 13 bitcoin exchange-traded products (ETPs), offering valuable insights. Pyth Network Launches Real-Time Feeds for Bitcoin ETFs […]
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Cogwise Real-Time Trading AI Model’s Test Phase Brilliance: Averaging 16.8% Weekly Returns
In a groundbreaking development for the world of finance and investment, the Cogwise AI team has unveiled a cutting-edge feature that is poised to change the way traders make decisions. The innovative “AI News Aggregator” integrates advanced artificial intelligence and machine learning algorithms to provide real-time analysis of news and global trends, as well as predictions regarding the future movements of specific stocks and cryptocurrencies tied to the news. By monitoring an extensive array of news articles and social media posts from various sources in real-time, this trading bot identifies keywords and trends to predict how news events may influence particular stocks or cryptocurrencies. This revolutionary technology offers traders a distinct advantage by enabling them to stay ahead of market fluctuations driven by world events.
Cogwise Real-Time Model Shines in Test Phase Performance
Cogwise is proud to share with you the remarkable performance of their cutting-edge trading AI model, which has consistently outshone its peers in the market. In an extensive three-month-long testing period, their Real-time Trading model has consistently demonstrated a remarkable average weekly return of 16.8%. This achievement is nothing short of groundbreaking, especially given the current market conditions characterized by low volatility.
But what is Cogwise (COGW)?
Cogwise (COGW) is an advanced AI model explicitly designed for blockchain technology, global industries and the crypto world. It uses the latest algorithms and high-speed computing capabilities to address challenging issues in the financial space.
The Cogwise platform’s AI Inference Engine is a crucial component that enables users to harness the power of cutting edge innovations, hyper charging their trading experience.
With a host of unique features, Cogwise is an indispensable tool for individuals, developers, and businesses operating in the blockchain and global space. Cogwise provides a range of tools and features, including a no-code smart contract generator, smart-contract auditor, technical analysis of charts, wallet tracking, Cogwise smart alerts and a source of news. By creating the most advanced AI model, Cogwise offers users unlimited use cases that can be applied in various ways. Additionally, the SDK & API service allows developers to create new applications powered by Cogwise or integrate them into existing ones.
The $COGW utility token backs Cogwise , which is required to access various AI tools and products powered by $COGW. As such, the token plays a crucial role in the Cogwise ecosystem.
Participate through their website cogwise.io
In the meanwhile take a look at the whitepaper, which is outlining the comprehensive details of Cogwise’s approach, methodology, and the transformative impact they aim to achieve.
How It Works?
Imagine a world where you can foresee how a significant global event might impact your investments. The AI News Aggregator makes this vision a reality. For instance, if a major global event is expected to affect oil prices, CogwiseAI dives into the news articles and social media conversations surrounding the event. It then provides predictions on how the price of oil might fluctuate as a result. Similarly, if a new technology is gaining popularity, the bot assesses the relevant news articles and social media chatter to predict how stocks or cryptocurrencies tied to this technology may perform in the future.
One of the key attributes of this revolutionary feature is its real-time tracking of all news and global trends. By doing so, CogwiseAI furnishes traders with instant analyses of how different events could impact their investments. This helps traders make more informed decisions, potentially leading to increased profits.
Why Cogwise is the Future of AI?
The AI News Aggregator is not solely reliant on news and social media content. It is fortified by historical data and technical analysis, further enhancing its predictive capabilities. This hybrid approach confirms or adjusts predictions based on news events and global trends.
The Need for Speed
One significant advantage of using a trading bot that tracks news and global trends is its speed. By analyzing news and social media content in real-time, the bot can swiftly pinpoint potential trading opportunities and execute trades much faster than a human trader ever could. This speed can be the difference between capitalizing on an opportunity and incurring a loss.
The Future of Trading
As financial markets become increasingly complex and interconnected, tools like the AI News Aggregator represent a leap forward in trading technology. By combining the power of artificial intelligence, machine learning, and real-time data analysis, Cogwise AI is empowering traders with the insights they need to thrive in today’s dynamic investment landscape. This revolutionary feature may well redefine the way we approach stock and cryptocurrency trading, with the potential for more informed decisions and, ultimately, more profitable outcomes.
Conclusion
Whether you’re delving into the depths of technical analysis, seeking insights on crypto trends, or exploring the intricacies of smart contracts, the Cogwise Core is your guiding light.
Cogwise presents a golden opportunity for investors to embark on the ground floor of the next crypto sensation.
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What Is XRP? A Brief History of the Real-Time Gross Settlement System
While Ripple has its critics, there exists a passionate ‘army’ of XRP advocates who firmly believe it represents the future of decentralized finance and cross-border settlement. In this Learning and Insights guide, our objective is to walk you through a brief history of Ripple and its native cryptocurrency XRP, examining its roots, purpose, benefits, criticisms, and key players.
Unveiling the Ripple Effect: A Journey Through Ripple’s Origins and Impact
The origins of XRP can be traced back to 2004 when developer Ryan Fugger created a payments platform called Ripplepay to facilitate financial transactions. In 2012, Jed McCaleb, Arthur Britto, and David Schwartz built upon Fugger’s ideas to create Opencoin, which would later be renamed Ripple Labs. Ripple.com, once in the possession of a telecommunications company named Ripple Communications, underwent a pivotal shift in late 2012 when Ripple Labs assumed ownership.
The goal was to develop a real-time gross settlement system, currency exchange, and remittance network using the cryptocurrency XRP as a bridging asset. XRP was designed to offer speed, scalability, and stability. Transactions settle in 3-5 seconds, far faster than Bitcoin (BTC), and the network can handle 1,500 transactions per second, dwarfing Bitcoin’s 7 transactions per second.
The total supply is 100 billion XRP, with 99,988,438 in circulation today, making it more abundant than scarce cryptocurrencies like BTC. XRP is currently the 6th largest cryptocurrency with a market capitalization of over billion and 99 billion XRP in circulation. Nearly 5 million unique addresses hold XRP, though the distribution is top-heavy — the top 10 accounts own 11% of the supply and the top 100 holders command 33% of the total supply.
Ripple Labs continues to develop and promote Ripplenet, a network of banks and financial institutions that use XRP for global payments. Ripple claims this allows secure, instant, and nearly free cross-border transactions. Though founded by McCaleb, he left Ripple in 2013 to co-found the Stellar Development Foundation and XLM cryptocurrency, a fork of XRP.
Ripple is led by CEO Brad Garlinghouse, CTO David Schwartz, and other executives like Monica Long, the senior vice president of marketing, and Kristina Campbell, the firm’s chief financial officer. XRP’s main goal is to facilitate liquidity, instant settlement, and lower fees for the institutions on Ripplenet sending cross-border payments. Earthpoint, Fidor Bank, Bank of America, and HSBC are among the financial institutions that have utilized Ripple’s services.
The Regulatory Battle: Ripple’s Legal Challenges
However, some argue it is overly centralized and Ripple too closely controls the XRP supply. Understanding its origins and current landscape allows an informed perspective on the sometimes controversial, yet popular cryptocurrency. While new to many investors, XRP has been in development for well over a decade and it’s one of the oldest crypto projects. Nevertheless, Ripple has found itself entangled in a legal battle with the U.S. securities regulator for several years, and in the summer of 2023, the situation has taken an intriguing turn.
In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs and its executives, alleging they raised over .3 billion through an unregistered securities offering by selling XRP to retail consumers. This sparked a heated legal battle, with Ripple arguing XRP is sufficiently decentralized to be considered a commodity, not a security. The lawsuit has continued into 2023, creating massive uncertainty around XRP’s regulatory standing in the United States.
On July 13, 2023, Ripple Labs scored a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC) over the sale of XRP tokens. The ruling by U.S. District judge Analisa Torres allowed some of the SEC’s claims to proceed to trial but dismissed others. However, the SEC is appealing the partial victory that Ripple Labs scored in its legal battle. On August 24, 2023, a judge granted the SEC’s request to appeal the matter.
What do you think about Ripple and XRP’s history? Share your thoughts and opinions about this subject in the comments section below.
Bybit Introduces Tradegpt: AI-Powered Chatbot Offers Real-Time Crypto Market Data, Trading Tips
Dubai’s Bybit cryptocurrency exchange has unveiled an artificial intelligence (AI)-powered instrument named Tradegpt. The new chatbot can scrutinize the exchange’s existing market data and offer an in-depth price evaluation by employing bitcoin’s current metrics as an example. Furthermore, the Bybit chatbot can recommend apt trading approaches for that day’s sessions and provide additional crypto market knowledge based on real-time Bybit market data.
Bybit’s Unveils New AI Tool for Real-Time Crypto Market Insights
As AI frameworks and ideas continue to expand, numerous individuals and organizations have been integrating cryptocurrency and blockchain knowledge with these extensive language models (LLMs) and advanced learning algorithms. On September 4, 2023, the cryptocurrency exchange Bybit disclosed the deployment of an AI tool named Tradegpt, a component of Bybit’s AI suite called Toolsgpt.
Bybit explained on Monday that Openai’s Chatgpt only possesses pertinent data up to September 2021; however, using Tradegpt, Bybit users can obtain real-time market evaluations and responses to their inquiries in several languages.
The platform is complimentary for registered Bybit users, and it states that there is a daily limit of 20 queries per user. “Welcome to Tradegpt,” the platform says. “Ask me anything about the crypto markets, or click on any of the topics below to get started.”
A popular sample question on the Tradegpt homepage is:
Tell me in 3 sentences in series: whether BTC will rise or fall today, is it suitable for going long or short, and what’s the appropriate entry price?
Vivien Fang, Bybit’s head of financial products, stated that Toolsgpt and Tradegpt are beneficial assets in today’s fast-moving financial landscape. “Our analysts and tech team created Toolsgpt to provide the financial education and mentorship that is sorely needed in our hyper-financialized world,” Fang remarked.
Bybit’s AI tools arrive during a time when numerous exchanges have been gravitating toward this technology. Binance, the largest crypto exchange by volume, has integrated its Binance Academy suite with AI and dubbed it the “Binance Sensei.” Crypto.com has devised a generative chatbot named Amy, dedicated to cryptocurrency and blockchain expertise.
A platform dubbed Chatbtc is committed to Bitcoin (BTC) knowledge, and users can converse with particular developer personas like Matt Corallo and Greg Maxwell, armed with information inspired by some of the authors’ public writings.
What do you think about Bybit’s generative chatbot tool called Tradegpt? Share your thoughts and opinions about this subject in the comments section below.
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting
On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest stablecoin by market capitalization.
Archblock Uses Chainlink to Verify Reserves Before Minting New TUSD Stablecoins
Archblock, the issuer of the trueusd (TUSD) stablecoin, has announced that it is using Chainlink to verify reserves before minting new TUSD stablecoins. According to the project, it is the first U.S. dollar-backed stablecoin to use proof-of-reserves (POR) technology for real-time on-chain verification of TUSD’s offchain reserves.
The POR data feed is a smart contract that automatically checks “whether the total supply of TUSD would exceed the total amount of U.S. dollars held in reserve before any new stablecoin is minted.” According to a statement by Ryan Christensen, the CEO of Archblock, the firm is looking forward to using Chainlink’s POR technology to improve transparency and verifiability.
“As the industry-standard decentralized oracle network, Chainlink helps ensure that TUSD is always collateralized by offchain fiat reserves, furthering TUSD’s commitment to trust and transparency,” Christensen said in a statement on Wednesday.
Stablecoins have had a tumultuous past 12 months, to say the least, with Terra’s UST imploding, HUSD depegging, and U.S. regulators telling Paxos that they cannot issue BUSD any longer. As of Feb. 22, 2023, trueusd (TUSD) is the sixth-largest stablecoin by market valuation, with over 968 million tokens in circulation. However, TUSD’s trade volume is comparatively smaller than that of USDT, USDC, BUSD, and DAI.
The TUSD stablecoin is deployed on several blockchains, including Arbitrum, Avalanche, Binance Smart Chain (BSC), BNB Chain, Cronos, Ethereum, Fantom, Polygon, Aurora, Optimism, and Tron. Out of the top ten stablecoins by market capitalization, TUSD, along with USDT and Tron’s USDD, are the only three stablecoins that have increased their supplies over the last 30 days.
“With Chainlink Proof of Reserve, TUSD can provide greater levels of assurance and confidence to its users,” said Chainlink co-founder Sergey Nazarov during the announcement.
What do you think about Archblock leveraging Chainlink’s POR technology? Let us know what you think about this subject in the comments section below.
With 12 Key Measures of Prices, Truflation’s Revamped Dashboard 2.0 Independently and Accurately Assesses Real-Time Inflation Rates
Truflation’s newly revamped dashboard provides data on 12 key cost categories to more accurately measure inflation rates as compared to many government consumer price indicators
Truflation, a decentralized, blockchain-based inflation index initiative, has announced the release of a new and redesigned UI for its dashboard, complete with a new set of features, functions, and capabilities. This new “Dashboard 2.0” revises the six standard expenditure categories used by many official government consumer price indexes (CPIs) and adds six new categories as well, bringing the total number of cost categories covered by the platform to 12.
With this new update, Truflation hopes to significantly improve the accuracy and relevance of inflation data that is available to private and public markets and enterprises. Truflation has also revised the respective weights of each cost category to more accurately reflect changing tastes, trends, and macroeconomic movements that affect consumer spending behavior.
The release of Dashboard 2.0 is a major development that takes Truflation away from the current CPI model which uses only six cost categories to cover all areas of consumer spending. By breaking up these major cost categories, revising the weights of each category, and adding new categories that are relevant to today’s consumers, Truflation hopes to provide users with better and deeper data insights, more comprehensive and accurate breakdowns of price changes, and independent assessments of price action in the categories that matter most to people and businesses – all securely and transparently stored and provisioned to users via the blockchain.
Stefan Rust, the Founder of Truflation, commented on the new update by saying: “The release of Dashboard 2.0 will represent a huge leap for Truflation. Our goal is to provide the best economic insights possible to users all around the world. With independent demographic data, more relevant cost categories, and real-time data feeds from a wide range of reliable providers, we can provide direct and accurate information on what households actually spend money on. We can also measure inflation more accurately. This information can then be used for everything from procurement to supply chain optimization to resource planning, marketing, pricing, and more. We are excited about expanding into new markets and bringing this value-added service to people and businesses operating in a wide range of different industries.”
Mr. Rust is a former CEO of Bitcoin.com and has an exceptionally talented team with over five decades of data science experience working on Truflation. The team recently acquired a vast data trove on global household expenditure data. This data will be used to build Truflation’s index of what households actually buy and spend money on throughout the year. Since Truflation can update data weights in real-time based on newer data, it can accurately calculate inflation rates for different geographic areas and provide deeper insight into the 12 key cost categories of consumer spending.
Thanks to standardization and seamless integration with data feeds, Truflation’s indices can be easily scaled and rolled out across different countries, markets, and geographies using the same reliable methodology. Cost categories and basket weights can also be adjusted and updated over time to improve both the accuracy of results and comparability across different regions and time periods. This level of flexibility and relevance is in contrast with many current systems that use non-standard approaches to calculating inflation rates, which makes comparisons and analysis harder to perform.
At present, Truflation uses consumer data for multiple household income levels and uses census, mini-census, and consumer and merchant surveys for price information, which makes Truflation’s empirical data not only very granular but highly comprehensive as well.
BSCTrades: The Complete Trading Package with Real-time Data Analysis
BSCTrades launches comprehensive trading tools with real-time data analysis at the trader’s fingertips. These tools by BSCTrades are set to ramp up the BSC trading game. Traders can Chart, trade and research with total efficiency to maximize their profits.
Binance Smart Chain(BSC) the native blockchain of the Binance ecosystem has emerged as one of the biggest and most successful blockchain networks this bull season. BSC has become the choice of traders and defi protocols alike as the Ethereum network faced major congestion issues and high gas fees. At the peak of the bull run, the BSC network was processing 4X the volume of the ETH network, indicating the growing choice of traders of BSC over any other similar networks. Over the past couple of months, a majority of Defi protocols have either migrated to BSC leaving Ethereum behind or have created cross-chain support for their projects.
As more traders join the BSC network in hopes of making most of the current bull season, BSCTrades has come up with an all-in-one trading platform designed on Binance smart chain with comprehensive trading tools and launchpad feature. A one of its kind platform designed to ensure traders are given a perfect trading interface and tools to maximize profitably. On the BSC trading platform, traders can analyze trades, develop strategies and utilize trading bots for effective trading.
Some of the key features of the platform include,
- real-time chart.
- Multiple device compatibility
- Modern Comprehensive trading tools
- Launchpad for upcoming projects on the BSC space
BSC Trades seeks to create value and provide a sustainable ecosystem for its stakeholders. Investors and community members rest assured that all projects launched are strictly evaluated by the team to avoid scam projects and projects going rug at an early stage. All projects and transactions are safe and secured as BSCTrades make sure the investors maximize profits.
Why choose BSCTrades Over Other Trading Tools?
The market has a slew of trading apps and services promising to offer a different range of trading aids and services, however, none of them offers a comprehensive package as robust as BSCTrades. A compilation of tools on the platform include,
POOL EXPLORER: Search for new pools, add or remove liquidity in a pair, find the best gems and avoid scam projects.
PAIR EXPLORER: Follow the best pairs through this tool with real-time graphics and transactions, add pairs to favorites, and much more.
LAUNCHPAD: $BSCTD token holders who qualify for the tiered system are guaranteed varied allocation to early sales of projects launching through BSCTrades platform.
LOYALTY AIRDROP: Each project that launches through the platform will airdrop 5% of the total BNB raised, providing additional income for BSCTD token holders.
TRENDING PROJECTS: Hot projects will be shown on the trending list, allowing users to quickly determine the tokens that have the highest market interest.
The platform is not just limited to BSC traders in fact with a launchpad and IDO integrated into the system it also becomes quite a prominent attraction for investors in different decentralized projects as well. Investors and projects accepted profit extensively from the ecosystem’s services and benefits. BCS Trades is devoted to creating value for all stakeholders, and this commitment manifests through exclusive services and rewards.
Some of the key investor benefits of the platform include an exclusive initial private offering round for every accepted project on BSC Trades and every IDO holder must airdrop 5% of the total BNB raised to $BSCTD token which in turn guarantees that BSC TRADES accepted projects undergo strict identity-proofing and auditing requirements.
Two streams of passive income exposure to potentially profitable projects with minimized risk. Projects accepted to be launched on the BSC TRADES launchpad will gain access to exclusive resources to ensure IDO success. Some of the services include but are not limited to
- Consulting services for tokenomics,
- Promoters and marketing expert;
- Auditing partner; KYC partner;
- Listing partners (CoinGecko, etc.) branding, and more
BSCTrades make sure that most of the upcoming defi projects looking for a seamless launch and the right audience for trade meet the right target audience to make the most of the opportunity. BSC platform has also become a growing choice looking at the phenomenal growth of the native token which has risen by 13X over the past couple of months owing to growing traction of the BSC network. Thus projects launching on BSC hope for a similar success story and BSCTrades offer that perfect opportunity for these projects to grow and mimic the success of the original chain.
BSCTrades Tokenomics
BSCTrades platform’s native token is represented by a ticker symbol BSCDT and would work as a utility token within the ecosystem. The total supply of BSCDT has been capped at a minimal 20,000 units offering the much necessary scarcity that would ensure that the platform token is used and utilized for the necessary without focusing on the monetary benefits, to begin with, and projects launching through the platform would be the top priority. The 20,000 BSCDT has been distributed in the following ways,
- Team token – 10%
- Marketing – 10%
- Liquidity – 20%
- Private sale – 10%
- Public sale – 50&
Each transaction attracts a 6% fee of which 3% is burnt and 3% is distributed between token holders as a passive income for holders of the token.
Website : https://bsctrades.app/
Twitter : https://twitter.com/BSCtrades
Telegram : https://t.me/bsctrades
Medium : https://medium.com/@bsctradenow
Github : https://github.com/bsctrades/web
OKEx Now Offers Real-time “Tick-by-Tick” Market Tracker for All of Its Trading Products
The leading crypto exchange and trading platform OKEx has announced the launch of real-time market trackers across all of its trading instruments. The market tracker christened “Tick-by-Tick” functions via OKEx API to help traders make investment decisions by sending them real-time updates on price movement across all crypto markets in the form of push notifications.
Available for all trading products, the Tick-by-Tick market tracker launch closely follows another technical upgrade – Ticket-by-Ticket push notifications for the futures product. With this latest offering, OKEx is now one of the only three global crypto exchanges to have that feature. The other two exchanges include Coinbase and BitMEX.
The real-time crypto market tracker is a handy tool for the trading community, as it helps them stay updated about price movements of volatile assets. The Tick-by-Tick push notification feature is a huge improvement from the previously available system where the OKEx API updated prices once every 100ms. By doing away with the delay, traders and investors on OKEx will now be able to devise much better trading strategies and place profitable trades. While it is a very handy feature of great significance for every trader, it will be loved the most by high-frequency trading institutions and professional traders.
The crypto industry is constantly undergoing transformation with lots of new technological innovations and product features being introduced at regular intervals. The first movers in this industry generally end up creating the benchmark for others to eventually catch up. OKEx has a long list of achievements to its credit, including the distinction of being the first platform to offer the most comprehensive trading products including spot, futures, swap and options. According to the company, Tick-by-Tick is one such additional milestone that results in a better trading experience, and the trio (OKEx, Coinbase and BitMEX) have set an example for the whole industry to follow.
Elaborating on the impact of real-time market trackers, it is not just the investors and institutions that are going to benefit from it but also crypto projects so that they can manage their tokens better, and analysts as they will more precise information to predict the market.
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