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CATEGORY: internet


Internet Computer (ICP) Continues Upward Trajectory With 16% Rally

Author: Christian Encila
United Kingdom
Sep 30, 2024 12:05

Internet Computer (ICP) Continues Upward Trajectory With 16% Rally

Internet Computer (ICP) continues to impress investors as it captures gains despite the market being down a few percent today. According to the latest market data, the token is up 16% since last week, a confirmation for some that ICP will continue to trend upward in the coming days.  Related Reading: XRP Set To Soar Nearly 900% To $31, Analyst Highlights Key Resistance Despite the markets undeniable bullishness, a reversal might be forming in the coming days, threatening this month’s gains. However, with investors anticipating Uptober, there might still be room for investors to squeeze in some gains as the month ends.  Rejection At $9.90 Might Force Investors Below $9.23 As of writing, ICPs upward trajectory is threatened by a rejection by the $9.90 resistance level which might force the token well below $9.23 if the sentiment reversal continues to strengthen. Considering that the $9.23 support level is quite weak, the bearish thesis holds a lot of weight on the portfolios of investors.  ICPs current trajectory started at the start of August and continued to mature and develop over the month. Although it seems that this drive will be continuous, experiencing only a couple of dips here and there, the current rejection coupled with the markets dip today, the token might be on the path of losses in the coming days.  The relative strength index (RSI) is also signaling that ICP bulls will hit their threshold in the coming days, which will lead to the token suffering a pullback. If the token does not stabilize at its current price level, ICP bears will have the momentum to break through the $9.23 support level with $8.09 as the target. However, if the token stabilizes it has the potential to achieve a breakthrough on the $9.64 resistance with the target set at $11.41. Internet Computer: Network Activity Skyrockets As Fees Surge  Token Terminal, a crypto market data aggregate, recently shared that Internet Computer network activity over the month has surged, leading to a surge in fees. This led to the platform beating other L1s in the category as it reached an over 5,000% increase in the past 30 days. BREAKING: Internet Computer has generated more fees than @Optimism, @arbitrum, @avax, and @0xPolygon in the past 30 days. pic.twitter.com/lqaUoA5cc9 Token Terminal (@tokenterminal) September 24, 2024 According to the platform, the jump in activity is due to bob.fun, a blockchain built on top of ICP that creates a secure record book while using the underlying platform for security.  In a recent discussion at the Token2049 in Singapore, Dominic Williams, the Founder and Chief Scientist of the DFINITY foundation, talked about how Compute is the cornerstone of modern society.  When youre running software or a system on the ICP network, it never crashes or stops running, said Williams.  Related Reading: UNI Surges 30% Amid Ongoing On-Chain Development Talks With the use case for ICP as a security and compute layer, network activity on the platform may continue to trend upward in the coming months.  Featured image from Pexels, chart from TradingView

Dfinity, Cambodia agree on advancing smart city innovation

Author: Cointelegraph by Derek Andersen
United States
Sep 20, 2024 12:00

Dfinity, Cambodia agree on advancing smart city innovation

The Swiss-based backer of the Internet Computer Protocol will provide training and entrepreneurial support as well as decentralized computing.

INTERNET COMPUTER PRICE ANALYSIS & PREDICTION (September 11)  ICP Rejects $9 After Charting 14% Weekly Gains, Will It Breakthrough?

Author: Michael Fasogbon
United States
Sep 12, 2024 03:05

INTERNET COMPUTER PRICE ANALYSIS & PREDICTION (September 11) ICP Rejects $9 After Charting 14% Weekly Gains, Will It Breakthrough?

Since the market recovered from Julys low, ICPs price has remained in range-bound while finding it difficult to break lower. It just rejected a key resistance after charting a notable gain in the past five days. Following Julys rejection at $11, ICP rolled back gains but managed to stay firm […]

INTERNET COMPUTER PRICE ANALYSIS & PREDICTION (August 29)  ICP Bounces To $8 Amid Bearish But Can It Push Higher?

Author: Michael Fasogbon
United States
Aug 30, 2024 03:05

INTERNET COMPUTER PRICE ANALYSIS & PREDICTION (August 29) ICP Bounces To $8 Amid Bearish But Can It Push Higher?

This week started a bit ugly for ICP but the price is looking strong today following a small increase from a temporal support level yesterday. However, the overall market remains bearish as it charges for gains. Since ICP found solid ground in early July, the $5.8 level has remained firm […]

ICP project achieved a first by hosting fully onchain AI model

Author: Cointelegraph by Stephen Katte
United States
Aug 29, 2024 12:00

ICP project achieved a first by hosting fully onchain AI model

An AI company deployed OpenAIs GPT-2 on the ICP blockchain aiming to test new ways to train, maintain and deploy AI models. 

Aug 03, 2024 02:15

HKMA Issues Alert on Fraudulent Websites Impersonating Dah Sing Bank


The HKMA warns the public about fraudulent websites and internet banking login screens mimicking Dah Sing Bank, urging vigilance and caution. (Read More)

United Nations, ICP launch digital credentials pilot in Cambodia

Author: Cointelegraph by Derek Andersen
United States
Jul 04, 2024 12:00

United Nations, ICP launch digital credentials pilot in Cambodia

The UNDPs Universal Trusted Credentials will get its second trial in Cambodia. The plan is to create a 10-country ecosystem.

Bitcoin price advance toward $68K sets a bullish path for SOL, ICP, GRT and BONK

Author: Cointelegraph by Rakesh Upadhyay
United States
Jul 22, 2024 12:00

Bitcoin price advance toward $68K sets a bullish path for SOL, ICP, GRT and BONK

Solid inflows into spot Bitcoin ETFs reflect investors' bullish sentiment, and this could push SOL, ICP, GRT and BONK.

FHE and confidential computing will unlock $1T in crypto capital

Author: Cointelegraph by Zoltan Vardai
United States
Jul 16, 2024 12:00

FHE and confidential computing will unlock $1T in crypto capital

Confidential computing could be the fourth layer of blockchain technology, which was the missing element for mass institutional adoption.

INTERNET COMPUTER PRICE ANALYSIS & PREDICTION (July 14)  ICP Signals Bullish After Months of Decline, Up 18%

Author: Michael Fasogbon
United States
Jul 15, 2024 03:05

INTERNET COMPUTER PRICE ANALYSIS & PREDICTION (July 14) ICP Signals Bullish After Months of Decline, Up 18%

ICP appeared strong again after experiencing a ten-day lift from a key level. It increased by 13% in the last 24 hours and is now looking poise for a bullish move following a slight break out of a resistance line. Following a deep correction that collapsed the market by roughly […]

Internet Computer Protocol promotes blockchain engagement in Africa

Author: Cointelegraph by Amaka Nwaokocha
United States
Jul 15, 2024 12:00

Internet Computer Protocol promotes blockchain engagement in Africa

ICPs DecaHack event highlighted the transformative potential of blockchain and the importance of nurturing talent in the sector.

Aethir, MetaGravity partnership boosts scalable DePIN gaming development

Author: Cointelegraph by Josh O'Sullivan
United States
Jun 26, 2024 12:00

Aethir, MetaGravity partnership boosts scalable DePIN gaming development

The partnership aims to simplify and scale gaming development using DePIN technology, enhancing accessibility and efficiency.

DePINs are a proven path to crypto mass adoption  XYO co-founder

Author: Cointelegraph by Jonathan DeYoung
United States
Jun 13, 2024 12:00

DePINs are a proven path to crypto mass adoption XYO co-founder

XYO co-founder Markus Levin argues that DePINs can make AI more trustworthy, empower users and businesses alike, and usher in blockchain mass adoption.

AI today is like the internet in 1988: Salesforce AI CEO

Author: Cointelegraph by Zoltan Vardai
United States
May 30, 2024 12:00

AI today is like the internet in 1988: Salesforce AI CEO

The AI industry could be on the brink of a significant breakthrough, according to Salesforce AIs Clara Shih.

May 28, 2024 12:25

These 3 Companies Want to Offer "Stablecoin-as-a-Service" in Japan

NomuraHoldings, Inc., a global financial services group, and its digital assetsubsidiary, Laser Digital Holdings AG, have announced a strategic partnershipwith GMO Internet Group, Inc. to explore the issuance of Japanese yen (JPY) andUS dollar (USD) stablecoins in Japan.

Nomura and GMO InternetGroup Explore Stablecoin Issuance in Japan

Thiscollaboration aims to leverage each company's experience to provide a securestablecoin solution for the Japanese market. GMO Internet Group, through its USsubsidiary GMO-Z.com Trust Company, Inc., has a proven track record in issuingstablecoins on major blockchains such as Ethereum, Stellar, and Solana.

The companyoperates a digital currency management system supporting multiple technological platforms and monitoring features for currencytransactions and operations.

"Asstablecoins will inevitably play an important part in financial markets, Nomuraand its Digital Asset subsidiary Laser Digital are excited to partner with GMO, said Kentaro Okuda, the President and Group CEO of Nomura Holdings. Thisproject has the potential to greatly enhance digital asset accessibility andinnovation in the Japanese financial landscape."

Were excited to share the release from our group headquarters, GMO Internet Group, along with Nomura Holdings and Laser Digital. Full details about the press release: https://t.co/l95jvwhLzn#stablecoin pic.twitter.com/uWWK84GU4L

GMO-Z.com Trust Company (@GMOTrust) May 27, 2024

Thecollaboration between Nomura, Laser Digital, and GMO Internet Group will delveinto the various aspects of stablecoin issuance, including the creation,redemption, and circulation processes for both JPY and USD stablecoins.Additionally, the partnership aims to introduce a comprehensive servicedesigned to assist companies interested in issuing their own stablecoins.

Thisservice will encompass essential elements such as ensuring compliance withregulatory requirements, integrating the necessary blockchain technology, and seamlessly managing backend transactions.

As thedigital asset landscape evolves, the development of a stablecoin for use in theJapanese market will be key to expanding the accessibility and adoption ofdigital assets in Japan and beyond, commented Steve Ashley, the ExecutiveChairman at Laser Digital. "We're excited to explore this project and the stablecoin-as-a-service' solution."

Stablecoins,digital assets linked on a 1:1 basis with fiat currencies, merge the stabilityof traditional money with the benefits of digital technology, facilitatingquicker, less expensive, and clearer transactions. Stablecoin-as-a-Service (SCaaS) is a blockchain-based solution that enables businesses and institutions to issue, manage, and transfer their own branded stablecoins without the need for extensive internal research and development.

New Hires in Nomura and Laser Digital

Earlierthis month, Nomura unveiled plans to double its profits to over $3 billion bythe end of the current decade, aiming to refocus resources, particularly withinits wholesale division.

Meanwhile, the company also hired a new Chief Economistfor Developed Markets, hedge fund veteran David Seif. Previously, it hadappointed former Deutsche Bank executive, Hemish Shah, as the new Head of EMEAFlow Rates.

Additionally, Laser Digital, part of Nomura, further strengthenedits leadership by hiring Hideaki Kudo as the new Representative Director andHead of the newly established office in Tokyo.

This article was written by Damian Chmiel at www.financemagnates.com.

May 18, 2025 05:50

How the Public Internet Hinders Blockchain Technology: Insights from DoubleZero CEO

The internet is experiencing a bottleneck due to the increasing popularity of blockchain networks. This phenomenon, also known as “the public internet bottleneck,” has become a pressing issue as blockchain usage has doubled over recent years. Blockchain technology’s widespread adoption has caused a surge in network traffic, resulting in congestion and slower speeds on the [...]

INTERNET COMPUTER PRICE ANALYSIS & PREDICTION (May 17)  ICP Bulls Push Back After Short Pullback, Can They Sustain Pressure?

Author: Michael Fasogbon
United States
May 18, 2024 03:05

INTERNET COMPUTER PRICE ANALYSIS & PREDICTION (May 17) ICP Bulls Push Back After Short Pullback, Can They Sustain Pressure?

ICP is slowly picking up again after witnessing a huge reduction in the past weeks. Showing signs of strength in the past hours, the price is now up 15% following a sharp bounce off a key level this week. More gains lie ahead! The past month’s recovery appeared to have […]

May 17, 2024 12:05

ICP Price Drops 10% As DFINITY Foundation Unveils Updated Internet Computer Roadmap

The DEFINITY Foundation, the company behind developing the Internet Computer protocol, has recently unveiled an updated roadmap to facilitate increased artificial intelligence (AI) blockchain adoption.  As the native token of the network, ICP continues to lead among AI tokens and holds the 22nd position in the top 100 cryptocurrencies. However, recent price drops have prompted the Foundation to focus on key areas of development to revitalize the token’s price action and further advance the protocol’s capabilities. Internet Computer Roadmap The highlighted aspects of the roadmap outline two critical steps called “milestones” in the Internet Compute platform domain: Tokamak and Stellarator. Tokamak focuses on reducing latency by maximizing the block rate of each subnet and introducing a new synchronous ingress submission endpoint.  Related Reading: Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy? Stellarator, on the other hand, will reportedly increase the storage layer, enabling subnet blockchains to host over 1TB of canister smart contract storage while improving the efficiency of the consensus layer. The DEFINITY Foundation aims to integrate AI capabilities as smart contracts on the Internet Computer protocol to address the resource-intensive nature of AI training and inference.  The Cyclotron milestone outlined in the roadmap will increase on-chain inference for larger AI models through performance improvements in the WebAssembly runtime and inference engine. The Gyrotron milestone, on the other hand, explores the integration of AI-specialized subnets with GPU support, enabling computeand memory-intensive computations on-chain. ICPs Interoperability With Bitcoin, Ethereum, And Solana ICP’s Chain Fusion technology will allow direct interoperability with major blockchains, including Bitcoin, Ethereum, and other Ethereum Virtual Machines (EVMs). Nonetheless, the roadmap introduces several milestones to expand interoperability.  Tritium milestone enables ICP to interact with Ethereum and EVM smart contracts, facilitating cross-chain communication. Deuterium milestone extends Chain Fusion support to emerging Bitcoin protocols.  Interestingly, the Helium milestone aims to increase Chain Fusion for the Solana network, enabling decentralized applications (dApps) leveraging the capabilities of both networks. Related Reading: Whale Watch: Ethereum Fresh Buy Signal Sparks Speculation Next, the Solenoid milestone decentralizes the operation of the ICP boundary nodes, empowering the network’s participants. The Levitron milestone provides visibility into the Internet Computer’s edge infrastructure, allowing developers to gain insights into dApp usage patterns and generate user statistics. Lastly, ICP will incorporate two governance systems: the NNS (Internet Computer’s DAO) and the SNS framework governing individual dApps. Tokenomics incentivizes voting participation and aligns DAO decisions with long-term interests. These governance mechanisms will allegedly ensure decentralized decision-making and community involvement. As of the current press time, the price of ICP has experienced a significant increase of 120% year-to-date. However, it is currently trading at $12.05, 98% lower than its previous all-time high (ATH) of $700 achieved in September 2023.  Once implemented, the impact of the roadmap on the cryptocurrency’s price and its potential to regain bullish momentum and drive adoption for various use cases remain to be seen. Featured image from Shutterstock, chart from TradingView.com

Apr 03, 2025 02:35

Internet Computers Multi-Chain Tokens to Flow Across Bitcoin, Solana and Base

Dominic, responsible for building the Internet Computer (ICP), has teased a major announcement. ICP tokens will be able to exist in “trustless twins” on multiple blockchains, such as Bitcoin, Solana and even the Coinbase-backed Base network. This new cross-functionality feature would grant liquidity access to ICP tokens and DEXes of other chains, boosting utility and reach. […]

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