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Bitrue leads the industry with the first Bitcoin Runes token listing

TokenTalk Staff

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VICTORIA, Seychelles, April 30, 2024 /PRNewswire/ — Leading cryptocurrency exchange Bitrue today announced that it has added support for Runic Tokens, becoming one of the first exchanges in the world to complete the technical integration and listing process for these new, highly anticipated resources.

Bitrue, BitrueOfficial, Bitrue Logo (PRNewsfoto/Bitrue)Bitrue, BitrueOfficial, Bitrue Logo (PRNewsfoto/Bitrue)

Bitrue, BitrueOfficial, Bitrue Logo (PRNewsfoto/Bitrue)

User-Based Listing: Bitrue’s community-centric approach

The newly listed tokens, now available for live trading, include: SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•CUP (LOBE), RSIC•GENESIS•RUNE (RSIC), e DOG•GO•TO•THE•MOON (DOG). Placing these first rune tokens on Bitrue was a community-led initiative via a X survey – a testament to Bitrue’s community-focused ethos.

“Bitrue has always championed innovation and choice, so we are incredibly excited to see the vibrant wave of blockchain developers pioneering new features on an established network like Bitcoin. Our users have clearly expressed their desire to trade these tokens, and we always put the wishes of our users first,” said Robert Quartly-Janeiro, Chief Strategy Officer at Bitrue.

Rapid Integration: Bitrue’s rapid response to the rune revolution

Runes are a new generation of tokens, built as fungible assets on the Bitcoin blockchain, similar to the way the Ethereum and Solana chains support their own vast ecosystems. These runes inherit the many advantages of the BTC blockchain, including decentralization, transparency, and advanced security.

Due to their innovative technical framework, Runes cannot be supported by exchanges natively simply through their existing Bitcoin integration. However, the Bitrue development team decided to work at great speed to quickly bring the integration of the Rune protocol to its platform.

Future Trends: Bitrue’s commitment to dynamic rune offerings

Runes are an invention of famous cryptocurrency developer Casey Rodarmor, who was also behind the Ordinals initiative that brought NFTs to Bitcoin. Runes are created by writing additional data into the unspent transaction output (UTXO) segment of a Bitcoin transaction, which provides enough bandwidth to document entire side ledgers of new tokens.

Runes are expected to become a hot topic throughout 2024, with more and more developers launching new runes consistently throughout the year. Bitrue will continue to monitor the launch of new rune tokens over time and will list more based on community feedback.

About Bitrue

Launched in July 2018, Bitrue is a diversified digital exchange that supports trading, lending and investing. Bitrue aims to use blockchain technology to bring financial opportunities to everyone, regardless of their location or financial position. It has offices in Asia and Europe and continues to rapidly develop new features to fully meet the new wave of the digital economy. More information is available at Bitrue website.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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The US Congressman claims to have purchased the Velodrome token: what is it?

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The US Congressman claims to have purchased the Velodrome token: what is it?

In a move that has sparked curiosity far beyond political circles, US Congressman Mike Collins (R-Georgia) revealed a recent purchase of a cryptocurrency worth $15,000 called Velodrome.

THE investment put the spotlight on Velodrome, a relatively unknown cryptocurrency with a market capitalization of around $150 million. The project’s VELO token is currently trade according to CoinGecko, it rose about 15% in 24 hours to 0.1169.

Unlike established operators like Bitcoin or Ethereum, Velodrome targets a specific niche in the cryptocurrency world: decentralized finance (DeFi) on layer-2 networks.

What is the Velodrome?

Velodrome Finance launched in June 2022, evolution of the Solidly project. Its goal was to support liquidity for DeFi protocols on Layer 2 solutions. The platform uses a “voting commitment” mechanism, fusing concepts from Curve Finance and Olympus DAO, designed to encourage long-term holding through staking, rebasing and bonding.

The goal was to avoid some of the common problems in DeFi by using rewards to balance the protocol’s emissions with fees and avoiding the “farm and dump” scenario.

Velodrome offers a variety of liquidity pools, with reward rates determined by user voting. This setup aims to direct users to the most profitable pools, improving liquidity and reducing slippage for traders.

The platform includes both “stable pools” for low-volatility coins, and “variable pools” for high-volatility assets, providing a diversified trading environment. Additionally, Velodrome offers bribes to attract support for specific pools.

Velodrome Finance reports that it has undergone security checks and is committed to engaging the DeFi community through initiatives such as veDAO.

The VELO token

The VELO token is fundamental to the Velodrome ecosystem. The initial distribution included 400 million tokens, allocated among community members, partner protocols, the Velodrome team, and the Optimism team.

VELO holders receive transaction fees, kickbacks, and rebase rewards.

VELO converts to veVELO when blocked, allowing users to vote on pools and influence protocol decisions.

The Velodrome timetable

Future plans set out by Velodrome Finance include features such as automatic interest accrual, a liquidity feature based on Uniswap V3, metapool integration, and “veNFT” trading, lending, and taking.

By Ryan Ozawa.

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Crypto Millionaire “Digital Diamonds” Explains Why These 3 Tokens Can Change Your Life

TokenTalk Staff

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Crypto Millionaire “Digital Diamonds” Explains Why These 3 Tokens Can Change Your Life

In the ever-evolving world of cryptocurrencies, some tokens stand out as potential game-changers. Recently, a crypto millionaire shared insights into three tokens that could have a significant impact on your financial future. Among these are Alex The Doge (ALEX), a rising star in the meme coin market. Let’s delve deeper into why Alex the Doge (ALEX) and two other tokens are worth considering for life-changing gains.

The charm of Alex the Doge (ALEX)

Innovative ecosystem: Alex the Doge (ALEX) it’s not just another meme coin; offers a robust ecosystem that integrates social finance (Social Fi) and play-to-earn (P2E) gaming. The Miracle Verse, a virtual world where players can earn Alex The Doge (ALEX) tokens through various in-game activities, is a testament to his innovative approach.

Efficiency and scalability: Built on the Ethereum(ETH) network, Alex The Doge (ALEX) benefits from low transaction fees and fast processing times. This ensures a smooth user experience and supports the scalability of the project, making it an attractive option for both gamers and investors.

Community commitment: Like other successful meme coins, Alex The Doge (ALEX) thrives on a strong and active community. This commitment is key to stimulating demand and maintaining interest in the project. Community trust in Alex The Doge (ALEX) fuels its rapid growth and market presence.

The Power of Token 2: Ethereum (ETH)

Foundation of decentralized applications: Ethereum (ETH) revolutionized the world of cryptocurrencies by introducing smart contracts and decentralized applications (dApps). Its blockchain serves as the foundation for numerous projects, making it an essential part of the crypto ecosystem.

Growing adoption: Ethereum (ETH) continues to see widespread adoption across various industries. From finance to gaming, many industries leverage Ethereum’s capabilities, ensuring its long-term relevance and growth.

Upcoming updates: With the continued development of Ethereum 2.0, the network aims to resolve scalability issues and reduce transaction fees, further increasing its attractiveness for both developers and users.

The Charm of Token 3: Solana (SOL)

High-speed transactions: Solana (SOL) is known for its lightning-fast transaction speed and low fees. This makes it an ideal platform for high-frequency trading and decentralized finance (DeFi) applications.

Strong development community: Solana (SOL) boasts a vibrant and innovative development community. Continuous improvements and new projects on the Solana network contribute to its growth and adoption.

Ecosystem expansion: The Solana ecosystem is rapidly expanding, with numerous projects and partnerships increasing its usefulness and value. From DeFi to NFTs, Solana is becoming a hub for diverse blockchain applications.

Why these tokens stand out

Innovation and Utility: Each of these tokens offers unique innovations and practical applications that increase their value. Alex the Doge (ALEX) combines meme culture with gaming and finance, Ethereum (ETH) provides the backbone for decentralized applications, and Solana (SOL) offers unprecedented transaction speed and scalability.

Community and adoption: Strong community support and widespread adoption are the common threads between these tokens. Engaged communities drive demand and foster a sense of loyalty, while growing adoption ensures long-term relevance and growth.

Potential growth: Despite their current successes, each of these tokens has considerable room for growth. Through technology upgrades, ecosystem expansion, or innovative applications, Alex The Doge (ALEX), Ethereum (ETH), and Solana (SOL) are well positioned for future gains.

Bottom line: Transformative investing

In conclusion, they highlight the insights of the crypto millionaire Alex the Doge (ALEX), Ethereum (ETH), and Solana (SOL) as transformative investments. These tokens are not only leaders in their respective niches, but also offer the potential for life-changing financial gains. Alex The Doge (ALEX) stands out with its unique blend of social finance and gaming, Ethereum (ETH) continues to revolutionize decentralized applications, and Solana (SOL) impresses with its speed and scalability. Investors looking for opportunities to change their financial future would be wise to consider these digital diamonds in the cryptocurrency market.

For more information on the Alex The Doge (ALEX) pre-sale please use the links below:

Disclaimer: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in such content. Do your research and invest at your own risk.

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Nvidia surpasses Microsoft, Apple; AI Crypto Token Rally

TokenTalk Staff

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Nvidia Tops Microsoft, Apple in Market Cap; AI Crypto Tokens Fetch.AI and Render Rally

Nvidia, the American graphics processing unit (GPU) maker, overtook tech giants Microsoft and Apple as the most valuable company on Tuesday.

This surge in Nvidia’s market capitalization triggered a rally in AI-themed cryptocurrencies.

AI tokens rally as Nvidia overtakes tech giants

According to the latest data, Nvidia (NVDA) stock price is now $135.58, giving it a market capitalization of $3.33 trillion. Meanwhile, Microsoft and Apple have market capitalizations of $3.31 trillion and $3.28 trillion, respectively.

To know more: 9 Best AI Stocks to Buy in 2024

Nvidia market capitalization.Nvidia market capitalization. Source: CompanyMarketCap

The main driver of this growth is the demand for artificial intelligence (AI) products, which have increasingly become an integral part of various industries as of 2023. Q1 2024 Earnings Report shows that its data center category saw a 427% increase in revenue to $22.56 billion. This category includes AI chips and AI server components.

Nvidia’s success has also had an impact on the cryptocurrency market. Top AI-themed cryptocurrenciesincluding Fetch.AI (FET) and Render (RNDR), have increased substantially over the past 24 hours.

The price of FET rose 16.3%, now valued at $1.33. In the meantime, RNDR recorded an increase of 10.3%., currently trading at $7.75. Plus, data from the on-chain analytics tool Santiment Shows that RNDR recorded a 33.33% increase in social volume changes during this period.

FET price trend.FET price trend. Source: BeInCrypto

In the long term, Nvidia’s influence on the artificial intelligence and cryptocurrency sectors it should be deep. A report from asset manager Bitwise highlights how the artificial intelligence boom has had a significant impact on data centers, creating a shortage of AI chips and access to electricity.

Bitcoin miners, equipped with powerful chips and advanced cooling systems, provide the necessary infrastructure for artificial intelligence companies. As a leading manufacturer of AI chips and GPU for cryptocurrency miningNvidia can benefit significantly from growing demand.

Greg Beard, CEO of Stronghold Digital Mining, noted that research analysts are sounding the alarm about growing energy demand driven by the expansion of AI data centers. He cites a Goldman Sachs report from April that said data center energy demand, excluding cryptocurrencies, is expected to grow 160% in 2030 compared to 2023.

However, the infrastructure is not sufficient to meet the demand. Additionally, Beard pointed out that the U.S. electric industry has not developed new core energy infrastructure in nearly two decades.

To know more: Top 9 Artificial Intelligence (AI) Cryptocurrencies in 2024

“AI developers are well capitalized and in a hurry to build, but they face serious barriers to accessing power. The most obvious access to this power is existing Bitcoin mining sites already connected to increasingly valuable energy sources. The only way for AI developers to attempt to overcome the resource gap and solve their future energy needs is to develop new sites and repurpose existing ones, like Bitcoin miners,” Beard told BeInCrypto.

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In compliance with Trust Project guidelines, BeInCrypto is committed to providing impartial and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on this content. Please note that our Terms and conditions, Privacy PolicyAND Disclaimer They have been updated.

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Top 3 Crypto Tokens That Bridge the Gap Between AI and Blockchain

TokenTalk Staff

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Top 3 Crypto Tokens That Bridge the Gap Between AI and Blockchain

Crypto tokens can bridge the gap between AI and blockchain by leveraging the unique attributes of both technologies. Blockchain’s decentralized and immutable ledger ensures that the data used by AI models is secure and tamper-proof.

Cryptographic tokens can be used to incentivize the accurate and honest presentation of data, ensuring that AI systems have reliable, high-quality inputs.

A smart contract could automatically pay for the use of a dataset when an AI model accesses it, streamlining operations and reducing the need for intermediaries.

Here are the three best crypto tokens that connect AI and blockchain and an in-depth look at how artificial intelligence influences cryptocurrencies.

1. Rendering (RNDR)

Despite losing about 10% over the past seven days, Render is up 11% today. Render Network allows users to access decentralized GPU rendering power for various tasks, including AI model training and rendering complex graphics. Using blockchain technology, Render guarantees a transparent, secure and efficient market for rendering services.

The RNDR is used as a currency within the network to pay for rendering jobs. This incentivizes GPU owners to share their resources, providing a decentralized pool of computing power that AI developers can draw on for tasks like training machine learning models.

2. Fetch.ai (FET)

Fetch.ai introduces autonomous economic agents, intelligent digital entities capable of performing tasks, making decisions and interacting autonomously. These agents can represent individuals, companies or machines and use artificial intelligence to optimize their operations and make autonomous decisions.

Fetch.ai manages a decentralized market where agents can directly exchange services and data. This market allows for efficient and decentralized exchanges of resources and services. The token added 16% to its price today, but lost 18% last week.

3. Akash Network (AKT)

Akash Network offers cloud computing infrastructure that developers can use to deploy and run AI models. This reduces dependency on centralized cloud providers and enables more flexible, scalable and cost-effective computing power.

Akash Network uses AKT to incentivize participants. Resource providers are rewarded with AKT tokens for renting their idle computational resources, while users pay for these services with the same tokens. This creates a decentralized economy where AI developers can access affordable computing power.

Smart contracts on Akash Network automate the process of buying and selling computational resources. These contracts ensure transparent, trustless transactions, making it easier for AI developers to acquire the resources they need without interference from intermediaries. AKT rose 13% today and fell 11% last week.

AI token price movements

Apple shares lost nearly 2% when the tech giant has unveiled its unremarkable artificial intelligence plans on June 10th. The ripple effect has trickled down to AI-related cryptocurrencies, which have underperformed compared to the broader digital asset market. They are all reversing losses.

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