Tag Archives: crypto currency

Bitcoin Reaches $100,000 usd Milestone- What’s Next?

December 5, 2024 The Silo Leave a comment

Laser eyes on the future: Bitcoin $100,000 USD/ $142,400 CAD

One hundred thousand United States Dollars. It’s a nice round number. The first to be six figures. And seeing it follow the word “Bitcoin” is a historical moment worth celebrating.

The importance of BTC $100,000 usd is largely symbolic. It’s small compared to the up-to-infinite price levels that succeed it. While $100,000 usd is a significant milestone worth pausing to recognize, it is also merely a checkpoint on Bitcoin’s much longer, much larger journey ahead.

Let’s take a moment to remember the early moments of this journey. The year Kraken was founded (2011), Bitcoin’s Dec. 31 closing price was $4.25. From that level, the value of just one of the 21 million bitcoins that will ever exist is now up over 2.3 million percent at BTC $100,000 usd.

BTC $100,000 usd has long been viewed as the next/seemingly “final” frontier for Bitcoin’s price. Laser eyes and dank memes, as well as innovative products and user experiences, have accelerated us to this point.

Through years of speculation around “the world to be when Bitcoin reaches $100,000 usd,” a common sentiment held that the $100,000 usd price level would somehow confer the legitimacy of “a peer-to-peer electronic cash system.” It would show the value of a tamper-resistant and immutable way of recording information. It would prove that decentralization had a place in modern society.

But, now that we are here, those goals may seem as if they still have more to deliver. It feels like this is still only the beginning. We’ve reached a pricing milestone, but when it comes to fulfilling Satoshi’s original vision for Bitcoin – its widespread use as a borderless, worldwide peer-to-peer electronic cash system – Bitcoin is still in its relative infancy.

Over the short term, it’s anyone’s guess whether the price of Bitcoin will continue its sprint higher or pull back from its recent run. What is clear is that the $100,000 usd milestone demonstrates ongoing demand for a reliable, transparent and peer-to-peer way to transact.

BTC $100,000 usd represents a monumental milestone in Kraken’s mission to accelerate the adoption of cryptocurrency, so that everyone can achieve financial freedom and inclusion. We’d like to congratulate those who have built in the space alongside us and played a role in realizing this achievement.

We’d also like to congratulate our clients as they celebrate this watershed moment, while making a commitment to serve them through the next chapters of Bitcoin’s history.

Join us as we reflect on the journey that got us here and commemorate this remarkable day – while we reaffirm our commitment to a future of financial freedom.

Get started with Kraken

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy.

Finance

Pi- crypto, mined Via Smartphones is Getting Noticed

March 3, 2023 The Silo Leave a comment

Pi Network increased its team member headcount by nearly 33% over the past year, debuted new developer features and KYCd 3.8M community members to-date

PALO ALTO, Calif., March, 2023 /– Pi Network, a community of tens of millions of humans mining Pi cryptocurrency to use and build the Web3 app ecosystem, today announced a series of milestones for the growing organization, including a notable spike in full-time Core Team members, multiple app developments and new improvements to its native KYC ID review algorithms.

Despite the overall crypto market contraction, the Pi Core Team continues to grow, signaling the speedy development of the Pi Network ecosystem and its long-term vision.

Since February of 2022, full-time team member headcount has increased almost 33% in critical areas such as product, engineering, and community. Pi Network’s most recent hires include a new Senior Engineering Manager who will add more bandwidth to its technology management. The Pi Core team now stands around 40 strong and continues growing as the network expands and the ecosystem evolves.

“Given the breadth of work at Pi Network, the Core Team’s growth will continue to enable more decentralized efforts from our community of over 35 million engaged members who collectively build this network. Pi Network’s work is to empower those members in alignment with Pi’s vision of an ecosystem that is built on the blockchain to support a new Web3 social network of a large community, all of whom are empowered to create and use utilities through its developer’s platform and Pi apps. Building for that ambitious vision requires an all-hands approach from Pioneers, community developers, external partners, and the Core Team together,” said Chengdiao Fan, a Founder and Head of Product at Pi Network.

“By prioritizing the human aspect, focusing on building substance and adopting non-consensus long-term strategies, we’ve taken a more careful and deliberate path. We know that patience isn’t a strength in the crypto space but we’re confident in our approach: that’s why we’ve been able to continue the Network’s steady growth despite the downturn we’ve seen impacting some other crypto projects.”

In addition, Pi Network has taken great strides in the product and ecosystem fronts with numerous updates and developments.

Pi’s current Enclosed Network period of Mainnet allows Pi to focus on completing KYC and Mainnet Migration for the majority of the network, and bootstrapping the Pi ecosystem with meaningful apps and utilities, without undue influence from external factors.

To that end, Pi has been diligently improving its KYC ID algorithms to expand access to its native KYC solution, officially launched March 14, 2022, as the primary mechanism to validate Pioneers’ identities for Mainnet Migration. Since enabling mass KYC in June of last year, Pi has successfully validated over 3.8 million Pioneers to date.

Simultaneously, Pi has made significant efforts in building Developer Platform features and expanding community collaboration to foster Pi ecosystem growth, including the launch of PiOS, Pi’s Open Source Software License which allows Pi Community Developers to create open source applications and tools and exclusively extends to use within the Pi Ecosystem. Recent ecosystem-related updates include work on App-to-User payments and Developer Wallets for improved Mainnet payment flows, the Pi “Brainstorm” app (where “Pioneers” can propose and explore various ideas and pair up with like-minded Pioneers to build real Pi platform apps, and more.

Moreover, Pi has emphasized app development through Core-Team-developed apps, external business partnerships, and the most recent Pi Hackathon which hosted over 6,400 participants, all to better source talent, concepts, and utilities for the community.

“With the much-anticipated ‘Pi Day’—which celebrates the 4th anniversary of Pi’s official launch—happening this March 14, we have some exciting programs in the pipeline that we are eager to introduce to the Pioneers and developers for our decentralized efforts to build the Pi ecosystem,” said Dr. Nicolas Kokkalis, a Founder and Head of Technology. “At Pi, we’re creating things and solving problems in a way that the world hasn’t seen before.”

To learn more about Pi Network, please visit minepi.com.

ABOUT PI NETWORK

Pi Network is a community of tens of millions of humans mining Pi cryptocurrency to use and build the Web3 app ecosystem. Founded in 2018 by Stanford University PhDs with specializations in blockchain and social computing, Pi Network is a utilities-based ecosystem for third-party apps on a mobile web platform, with widespread (rather than concentrated) token distribution. The blockchain platform offers a mobile-first mining approach, with low financial cost and a light environmental footprint within the crypto space.

Finance

There Are New Forms Of Money On The Horizon

June 26, 2021 The Silo Leave a comment

Take a look at these transactional trends to see how you might be spending your money in the future.

What does the future hold for the way we pay?

Paying for your purchases used to be to the most straightforward task around, you’d exchange your coins with the cashier and in return you’d receive your goods. Simple. But today, a modest transaction can involve some serious tech.

Whilst everything in the world seems to be making a switch to digital, money is no exception. Gone are the days of signing signatures, punching in pins and certainly, counting coins, but the advancements show no sign of stopping. As contactless method currently seems to offer the most convenient method of payment – it begs the question of what could possibly come next.

The use of physical cash is dwindling as more and more options become available to consumers.

Consider how the Corona virus lock downs have also affected the use of physical cash: businesses and retail either favor interac and credit cards or outright refuse the use of cash transactions. Look to the infographic below for three of the most prominent examples of the way our spending habits are currently evolving. For the Silo, Danielle Mowbray /creditangel.co.uk

Sci-Tech

New Millennial Trading App White Shark

June 26, 2018 The Silo Leave a comment

Toronto, ON — White Shark Fintech, Inc. (the “Company”) a revolutionary free artificial intelligence based trading platform that flourishes in volatility and allows its users to better control their assets, including crypto-currencies, launched recently across Canada. A popular tool among young traders looking for simple ways to buy and sell crypto-currencies, the app has created a waiting list to manage user demand.

The free-to-use app takes speculation out of trading by employing high performance algorithms that signal a user when markets for particular securities, including cryptos, are likely “over bought” or “over sold”. With White Shark users no longer have to guess or rely on self proclaimed experts about the price at which they buy or sell cryptos and other securities.

“Fintech companies, like White Shark, that engage millennials have earned multi billion dollar valuations. With the growing hunt for millennial assets and engagement with other apps, we decided to make the White Shark experience fun, empowering and engaging – regardless of where they hold their assets.” said founder and chairman Marc Wade, “White Shark is truly a user experience company engaging millennials in the capital markets when and where they want.”

“White Shark is a game changer.” White Shark app enthusiast Ryan Kesler of the Anaheim Ducks explains. “It’s so easy and fun to use. Buying and selling crypto has become part of my daily routine. There’s no guess work in making money – the accuracy of the algo trading is the only way to go.”

White Shark’s machine learning algorithms compile market data trends and price book movements into 4 gauges that work together to signal market movements. The app provides the user the ability to respond to changes in market conditions before other traditional indicators.

Now users no longer have to trade blind. Gdax (Coinbase), with over 11.9 million users, is one of the exchanges that can be connected to White Shark.

“So called “experts” have been making speculative and incorrect calls on bitcoin and other cryptos for too long.” Said CEO Stuart Shanus

Stuart Shanus CEO White Shark — Stuart Shanus

“Our free trading app isn’t based on speculation. It’s based on mathematical models and machine learning algorithms – and it should be the go-to app for investors whether they are buying and selling crypto-currencies, fiat currencies or equities.”

Investors using the White Shark app connect their preferred broker account including tCoinbase (gdax) , Kraken, Bitfinex, Poloniex and Hitbtc. For the Silo, Amy Saunders.

About White Shark

White Shark is a revolutionary free artificial intelligence based trading app that pairs investors with real time artificial intelligence (AI) to increase returns and mitigate risks. White Shark’s high performance algorithms have been used for 17 years by professional traders who have achieved exceptional returns.