BITMAIN IPO MAKES CRYPTO INDUSTRY UNEASY 6894

Cryptocurrency mining giant Bitmain continues to gain attention over its initial public offering (IPO) as critics raise the alarm over its financial outlook. As Dut.Biz reported at the end of July, the manufacturer announced its plans to hold a $14 billion IPO before the end of 2018, having achieved Q1 profits of over $1 billion.

Since then, data about the offering to pre-IPO investors have raised suspicions over Bitmain’s prospects, doubts specifically focusing over its huge reserves of altcoin Bitcoin Cash (BCH), which would remain illiquid unless markets transformed prior to the IPO date.

“According to the Bitmain pre-IPO investor deck, they sold most of their [Bitcoin] for [Bitcoin Cash],” Blockstream CSO Samson Mow wrote on Twitter August 11.

The pre-ICO figures the company released last week saw many sources conclude its degree of investment in BCH could ultimately spook investors who understand the state of the altcoin’s liquidity and Bitmain’s role in preserving it.

Beyond BCH, Bitmain’s undisclosed but likely underwhelming Q2 performance, lack of competitiveness, unsuccessful recent product launch and the cryptocurrency bear market are all factors stacked against it.

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SW Alliance: Dexter Quisenberry Launches AI DataMind to Empower Future Investors 3852

SW Alliance proudly announces the launch of its newest innovation, AI DataMind, a transformative platform integrating artificial intelligence and big data analytics into financial education and investment strategies. This cutting-edge tool is designed to equip users with unparalleled insights, enhancing decision-making precision and democratizing access to advanced financial technologies. AI DataMind is the latest milestone in SW Alliance’s mission to reshape how individuals approach financial markets while fostering societal advancement.

Innovating Financial Education with AI Technology

AI DataMind represents a significant leap forward in the integration of technology within financial education. By analyzing vast datasets and utilizing predictive algorithms, the platform provides users with actionable insights previously available only to institutional investors. Students and professionals can now make informed decisions with real-time data, identifying market trends, assessing risks, and optimizing strategies with greater accuracy.

This innovation aligns with Dexter Quisenberry’s vision for SW Alliance as a pioneer in blending theoretical knowledge with practical application. The platform serves as a cornerstone of the Alliance’s curriculum, ensuring students are equipped with modern tools to navigate the complexities of today’s financial landscape.

A Legacy of Educational Excellence

SW Alliance has established itself as a leader in financial education under Dexter Quisenberry’s stewardship. Rooted in a philosophy of “Student Interests First” and a commitment to practice-based learning, the institution offers a diverse range of courses. From foundational financial theories to advanced concepts like quantitative trading and AI integration, SW Alliance’s programs prepare students to excel in competitive global markets.

Beyond technical skills, the Alliance emphasizes critical thinking, adaptability, and innovation—qualities that define successful leaders in the financial industry. Graduates of SW Alliance are not only equipped to excel in their careers but also to contribute meaningfully to society.

Bridging Theory and Practice: Real-World Opportunities

SW Alliance’s robust partnerships with leading financial institutions ensure that students gain invaluable practical experience. Through internships and collaborative projects, students transition seamlessly from classroom learning to real-world application. These opportunities enable them to build professional networks, refine their skills, and gain insights into industry dynamics.

Dexter Quisenberry’s commitment to bridging education and employment has resulted in numerous success stories, with graduates emerging as influential figures in finance, investment, and entrepreneurship.

Championing Social Responsibility Through Education

In addition to its academic achievements, SW Alliance actively addresses societal challenges through strategic collaborations with businesses and government entities. These partnerships focus on reducing economic disparities, creating job opportunities, and fostering inclusive growth.

Dexter’s vision extends beyond financial education to encompass social responsibility. Initiatives such as community outreach programs, mentorship schemes, and scholarships for underprivileged students underscore the Alliance’s dedication to uplifting communities and fostering economic resilience.

Empowering Entrepreneurship and Financial Independence

SW Alliance also provides specialized training in investment and entrepreneurship, offering students the tools to pursue financial independence. Courses focus on practical skills like risk management, market analysis, and business strategy, empowering students to turn innovative ideas into successful ventures. Many graduates have realized their entrepreneurial dreams, contributing to economic growth and job creation.

Inspiring a Culture of Compassion

Responding to global challenges such as natural disasters and social crises, Dexter Quisenberry has championed philanthropic initiatives through SW Alliance. By establishing a charitable foundation, the institution supports affected communities and inspires students to prioritize humanitarian values.

This culture of compassion is deeply woven into the fabric of SW Alliance, reinforcing the idea that education is not only a means to personal success but also a tool for collective betterment.

A Vision for the Future

With the launch of AI DataMind and its continued commitment to education, innovation, and social responsibility, SW Alliance is poised to shape the next generation of leaders and innovators. Dexter Quisenberry’s visionary leadership ensures that the Alliance remains a beacon of progress, empowering individuals to achieve financial independence and driving societal transformation.

SW Alliance invites aspiring leaders, investors, and changemakers to join its journey of innovation and impact—transforming lives and communities for a brighter future.

Tidus Wallet Unleashes 3-click Cross-Chain Transfers with Mayan Swift and Wormhole Integration 3767

Tidus, the crypto everything app — a cutting-edge decentralized wallet, has announced its integration with the Mayan Swift SDK, powered by Wormhole. This new feature brings ultra-fast cross-chain transfers to Tidus users, providing a seamless and secure experience for both newcomers and decentralized finance (DeFi) power users.

With this integration, Tidus Wallet users can now access stablecoins such as USDC and USDT, as well as native tokens SOL and ETH, for bridging transfers between Ethereum and Solana blockchains. By the end of November 2024, Tidus will extend this cross-chain capability to include all EVM-compatible chains, allowing users to move assets seamlessly across multiple networks. This continued expansion reflects Tidus’ commitment to making DeFi accessible, affordable, and easy for everyone.

“Our integration with Mayan Swift and Wormhole is a major step forward in Tidus Wallet’s mission to simplify decentralized finance for everyone,” said Dan Mulligan, CEO, Founder at Tidus Wallet. “With this integration, we’re making cross-chain transfers as easy and cheap as possible, allowing users to move assets securely and seamlessly between Ethereum and Solana now—and soon across all EVM chains.”

Despite the rapid growth of decentralized finance, DeFi usage among retail users remains low due to complex processes and high transaction fees. Recent studies show that fewer than 5% of cryptocurrency holders actively use DeFi services, pointing to a significant gap in accessibility and usability. Tidus Wallet aims to close this gap by offering quick, low-cost, and user-friendly solutions that enable everyone to participate in DeFi without needing advanced technical knowledge.

Key Features of the Tidus Wallet Integration:

  • Cross-Chain Support: Transfer USDC, USDT, and ETH between Ethereum and Solana blockchains now, with support for all EVM chains by late November 2024.
  • Enhanced Security: Powered by the secure infrastructure of Wormhole and Mayan Finance, ensuring robust protection for users’ assets. Tidus allows the bridging to occur to your other wallet minimizing potential room for error. 
  • Low-Cost Transfers: Optimized for cost efficiency, minimizing gas fees for cross-chain transactions and taking no additional fees.
  • User-Friendly Interface: Intuitive design allows users to bridge assets in just three clicks, enhancing the DeFi experience for all levels of users.

Tidus Wallet is now available for download on the App Store, Google Play, and Chrome Web Store, allowing users to experience the future of decentralized finance from any device. By expanding to all EVM chains and focusing on a simplified user experience, Tidus is setting new standards in cross-chain asset management and aiming to make DeFi accessible to the masses.

For more information, visit tiduswallet.com and tidusdao.com.

About Tidus Wallet

Tidus Wallet is a decentralized wallet dedicated to providing a seamless, user-friendly experience for DeFi enthusiasts and newcomers alike. With a focus on security, innovation, and ease of use, Tidus Wallet aims to revolutionize how users manage and transfer assets in the decentralized finance ecosystem.

Quarden Unveils New “Crypto Commerce Hub,” Connecting Digital Assets with Real-World Shopping 4641

Quarden, a trailblazing name in the digital commerce landscape, has announced the launch of its “Crypto Commerce Hub,” a next-generation e-commerce platform designed for cryptocurrency holders. This new platform allows crypto users to shop for both digital and physical goods, using their crypto assets for real-world purchases. Quarden’s innovative infrastructure merges blockchain technology with traditional commerce, creating a seamless and accessible shopping experience for digital asset enthusiasts.

With its Crypto Commerce Hub, Quarden introduces a platform built to support a fully integrated ecosystem for crypto payments. It includes systems like Quarden Pay, Quarden Card (Touch & Pay), an Open API Platform for cross-platform connectivity, and a Mobile Wallet—all developed to provide users with end-to-end solutions for their crypto purchases. Quarden is taking the e-commerce experience to the next level, enabling customers to buy, sell, and transact confidently with crypto on a global scale.

Bridging Digital and Physical Worlds Through an Innovative Shopping Platform

The Crypto Commerce Hub aims to provide users with a new level of flexibility in their spending options. By accepting a range of major cryptocurrencies—including Bitcoin, Ethereum, BNB, and Quarden’s own Quarden Token the platform offers a unique and inclusive marketplace for the digital community. The Quarden Token serves as the primary access currency, ensuring that all transactions within the hub are secure, efficient, and transparent.

Quarden’s proprietary Quarden Currency Looping Protocol (QCLP) further enhances the user experience by offering an optimized currency conversion process. By looping through centralized and decentralized exchanges, QCLP secures the most favorable exchange rates, enabling users to shop cost-effectively without additional fees or delays.

A Holistic E-Commerce Ecosystem for Crypto Users

Quarden’s Crypto Commerce Hub brings together several key features that enhance the shopping and transaction experience:

  • Quarden Pay: An eco-friendly payment system that facilitates instant settlement and high transaction speeds, outpacing traditional payment methods.
  • E-commerce Marketplace: A diverse marketplace offering a wide array of digital and physical goods that can be purchased with cryptocurrency.
  • Quarden Card (Touch & Pay): A contactless payment card that makes it easy to use crypto for in-person purchases, providing a smooth and secure experience.
  • Open API Platform: Allows integration with existing banking systems and financial applications, bridging the gap between fiat and crypto transactions.
  • Quarden Mobile Wallet: A secure mobile solution for managing and spending digital assets on the go, providing users with convenient, anytime access to their crypto.

Future-Proofing E-Commerce for the Next Generation of Digital Shoppers

Quarden’s mission is to establish a profitable and sustainable ecosystem where crypto holders can shop freely across a range of products and services. By supporting real-world and virtual purchases, Quarden’s Crypto Commerce Hub is designed to keep up with the fast-paced evolution of the digital asset space. As more individuals and businesses adopt cryptocurrency, Quarden’s platform will serve as a key connector, allowing digital assets to be used practically and conveniently.

With a structure built to support growth, Quarden offers an ecosystem that benefits both e-commerce merchants and individual users, providing tools for merchant integration and mobile applications for consumers. This comprehensive approach supports long-term sustainability in the digital marketplace, with built-in systems that make crypto a viable option for everyday transactions.

About Quarden

Quarden is a leading platform in the world of digital commerce, driven by a team of blockchain experts, developers, and project managers. With a commitment to connecting the cryptocurrency community, Quarden is dedicated to creating a seamless e-commerce experience for crypto holders. The Quarden Token serves as the foundation for all transactions on the platform, supporting Quarden’s mission to integrate digital assets into mainstream commerce.

Website: https://quarden.com/

Draper Associates Backs Torram to Propel Decentralized Finance on Bitcoin 4928

Torram, pioneering institutional-grade decentralized finance (DeFi) infrastructure on Bitcoin, today announced a strategic investment from Draper Associates, the venture firm led by legendary crypto investor Tim Draper. Selected from over 200 applicants for the highly exclusive BitcoinFi Accelerator, Torram is now better positioned to capture the rapidly expanding institutional DeFi market as Bitcoin emerges as the leading blockchain for traditional finance.

The investment, led by Draper Associates with participation from Boost VC and Thesis, comes as institutional demand for Bitcoin-native DeFi solutions surges, with the DeFi market set to soar to $50 billion by 2025. Torram’s institutional-grade infrastructure enables banks, asset managers, and financial institutions to tap into Bitcoin’s security and $880 billion market cap through compliant DeFi solutions.

“We believe in Bitcoin and there’s now a gravitational pull towards Bitcoin,” said Tim Draper, Founder of Draper Associates. “It’s a critical time in global history, and we’re excited about these applications that are being built on the most important blockchain.”

Torram emerged as one of the top performers from Bitcoin Startup Labs’ pre-accelerator program and has now earned one of only eight spots in BitcoinFi Accelerator’s inaugural cohort. The exclusive 6-week program, backed by leading Bitcoin investors, provides $150,000 in initial funding alongside technical resources and strategic partnerships essential for scaling Bitcoin-native applications.

“Securing backing from visionaries like Tim Draper and Adam Draper validates our approach to bridging traditional finance (TradFi) with Bitcoin’s powerful capabilities,” said Vakeesan Mahalingam, CEO of Torram. “Their strategic guidance and deep network in both TradFi and crypto will be instrumental as we roll out our institutional DeFi infrastructure.”

Torram’s technology stack includes:

  • An institutional-grade decentralized oracle network
  • Advanced on-chain data indexing for real-time analytics
  • Proprietary security framework meeting institutional compliance requirements
  • Cross-chain infrastructure enabling seamless integration with existing systems

The company will launch its testnet in Q1 2025, with tier-1 banks and leading asset managers already committed to pilot programs. Early access to the testnet is in high demand and is limited to qualified institutions and partners.

For early investment opportunities or to learn more about how Torram is positioning itself to lead the Bitcoin DeFi revolution, visit torram.xyz.

Early-stage investors include:

  • Draper Associates
  • Blockchain Founders Fund
  • Boost VC
  • Side Door Ventures
  • Deep Ventures
  • Silvermine Capital
  • MH Ventures
  • Bitcoin Startup Lab

About Torram

Torram is building the foundational infrastructure that enables institutional-grade DeFi and real-world asset tokenization natively on Bitcoin. Torram empowers financial institutions to leverage Bitcoin’s unmatched security, transparency, and $880 billion of global liquidity through its decentralized oracle network, on-chain data indexing, and institutional-grade solutions.

zkVerify Introduces Decentralized SQL Verifier for Space and Time’s SXT Chain 5002

zkVerify delivers faster, cost-effective SQL data verification with enhanced security and privacy for data-intensive applications.

zkVerify, the modular blockchain for ZK-proof verification, has launched a decentralized proof verifier for Space and Time‘s Proof of SQL ZK coprocessor on SXT Chain. By leveraging zkVerify’s verification of SXT proofs, organizations can verify their ZK-proven SQL queries faster and more efficiently compared to Ethereum verification.

Space and Time’s Proof of SQL ZK coprocessor employs zero-knowledge proofs to validate SQL queries run against data stored on SXT Chain, its recently launched blockchain for ZK-proven data. zkVerify functions as a decentralized proof verifier within this system for Space and Time’s Proof of SQL, offering fast, on-chain confirmation of query accuracy without relying on any central authority.

Traditional smart contracts face limitations in accessing external or historical transaction data, which restricts their functionality. Space and Time’s SXT Chain addresses this by acting as a decentralized database that aggregates data across major blockchains—Ethereum, ZKsync, Bitcoin, Sui, Aptos, and Polygon, and proves it back to smart contracts with Proof of SQL. This setup enables trustless, cross-chain data processing, allowing smart contracts to efficiently query, analyze, and utilize data.

As concerns about data manipulation and AI-generated content increase, Space and Time, coupled with zkVerify’s technology, allow organizations to prove the integrity of their data without exposing the underlying information. For example, financial institutions can verify transaction records, healthcare providers can ensure patient data remains accurate, and AI applications can confirm the authenticity of their outputs—all using mathematical proofs instead of relying on trust alone.

Launched in October 2024, Space and Time’s SXT Chain testnet lets developers query historical data from major blockchains like Ethereum, Bitcoin, and Polygon, generating mathematical proofs that ensure data integrity. In August 2024, Space and Time raised $20 million in Series A with funding from Microsoft’s M12 Venture, Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital.

How does it work?

Using zero-knowledge proofs to create a proof of correct computation, like Proof of SQL, has three essential elements: the actual data, the creation of the proof, and the verification of that proof. These components must work together in a rapid, straightforward, decentralized, and permissionless manner to enable a seamless, trustless system.

The Proof of SQL mechanism operates by generating a mathematical hash of a SQL table’s content, which is then used to generate a ZK proof that neither the table nor the queries run against have been tampered. Space and Time’s high-speed ZK coprocessor creates these proofs, and zkVerify is used to validate them using their public, decentralized blockchain. This enables businesses and decentralized applications to share data or query results with provable SQL database integrity, verifiable by anyone without relying on centralized entities.

In its role as the proof verifier, zkVerify adds a crucial layer of trust and security, ensuring that each SQL query validated by Proof of SQL on the SXT Chain is accurate and tamper-proof. With zkVerify, data queries and results can be trusted across the network, empowering advanced decentralized applications, such as DeFi platforms, data-intensive analytics, and Solidity smart contracts deployed directly on SXT’s ZK rollup. This integration amplifies the potential for on-chain applications by enabling access to verified, cross-chain data in real-time, paving the way for more sophisticated decentralized services.

Rob Viglione, CEO of Horizen Labs, the development studio behind zkVerify, said: “Zero-knowledge proofs redefine trust in digital systems by providing mathematical assurance of data integrity without exposing sensitive information. This technology allows businesses to verify the accuracy of their data transparently and securely, without relying on third-party auditors. For sectors like finance and healthcare, it’s a paradigm shift from ‘trust us’ to ‘we can prove it,’ bringing a new level of confidence to data handling.”

About zkVerify

zkVerify is a modular blockchain dedicated to efficiently verifying ZK proofs across diverse blockchain stacks, created for Ellipsis Distributed Systems by Horizen Labs. It enables any Layer 2 projects and dApp developers that utilize zero knowledge to scale rapidly and cost-effectively by drastically reducing proof verification costs without compromising network performance.

Designed for seamless integration with existing blockchain networks, zkVerify minimizes technical overhead and provides a developer-friendly environment. By simplifying the ZK proof verification process and reducing associated costs, zkVerify enhances the performance of existing blockchain networks and unlocks new capabilities within the broader Web3 ecosystem.

For more information, users can visit https://zkverify.io

Polymer Launches Real-Time Interoperability For Ethereum Rollups 4945

Polymer Labs has officially launched Polymer Hub, a real-time interoperability protocol for connecting all Ethereum rollups. By streaming messages, states, and logs over IBC primitives (equivalent to Web2’s TCP/IP), Polymer Hub verifies and stores the headers of all connected rollups, allowing applications to prove any arbitrary state across rollups at vastly reduced overhead.

Rollup/L2 ecosystems have historically connected only within their own walled gardens; with Polymer, however, rollups can now communicate across ecosystems and coordinate as fast as they can produce blocks. The protocol offers significant improvements in cross-chain communication latency, bandwidth, and cost for all on-chain primitives compared to existing solutions.

Polymer aims to make cross-chain interoperability as fast, efficient, and affordable as blockspace itself, enabling Ethereum applications to scale to the next million users.

Increase Bandwidth Reduce Latency

Real-time, high-throughput rollups are right around the corner, but existing interoperability protocols (point-to-point and hub-and-spoke models) were not designed to support dense network traffic across hundreds of rollups. According to the team, existing solutions are too slow and expensive for the next generation of applications on Ethereum. As we enter this new era, interoperability solutions must complement their speed and efficiency. Real-time apps require real-time interoperability.

Polymer aims to build the fastest and most efficient interoperability protocol for next-generation rollups like MegaETH. The Hub passes messages in real-time via sequencer pre-confirmations, ensuring cross-chain communication latency can keep up with millisecond block times of these rollups. Polymer also leverages EigenDA to scale cross-rollup bandwidth to facilitate data-intensive use cases on-chain.

“Real-timeness, the ability to react to inputs with ultra-low latency at massive scale, will enable truly ground-breaking decentralized applications. Readying the infra stack for this revolution will be a joint effort, in which real-time interoperability from Polymer will be crucial.” – Lei Yang (Cofounder & CTO MegaETH)

Various technologies like shared sequencers and ecosystem-native interoperability intra-nets have fragmented Ethereum into rollup clusters; these clusters, however, can leverage Polymer Hub’s one-to-all architecture to become interoperable with each other within minutes, rather than months. Polymer Hub is also the first interoperability solution to offer re-org protection. This helps enable token bridges and solver networks to safely settle cross-chain transactions in milliseconds and automatically revert them if they deviate from Ethereum’s L1 history.

Looking Ahead

The next generation of on-chain applications will closely follow the architecture of cloud apps: rollups are the new microservices, AVSs are the new infrastructure services. To enable horizontal scaling on-chain, cross-chain infrastructure must be low-latency, high-bandwidth, and affordably scalable.

The Polymer team seeks to improve interoperability performance in order to enable competitive, novel categories of applications, such as high throughput e-commerce and ride-sharing, to be built on-chain.

“Building interoperable applications that don’t trade off cost or latency is a requirement to make crypto usable again. At scale, this connective layer needs to be as robust and secure as the Ethereum base layer itself, and Polymer has been uncompromising in achieving this vision.” – Vikram Arun (Cofounder & CEO Superform Labs)

Starting with the OP stack, Polymer plans to bring real-time interoperability to all rollup ecosystems on Ethereum—enabling swift and cost-effective scaling for applications in the near future.

About

Polymer Labs provides real-time, high-throughput interoperability for Ethereum rollups. Polymer lays foundational network infrastructure enabling the next generation of internet-scale apps like Uber to be built on-chain.