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Best Crypto PR and Marketing Agencies in 2024

CD

The emergence of crypto and blockchain technology to its present degree of worldwide acceptability and attention is mainly due to the work of crypto PR and marketing agencies. In 2024, these agencies have exhibited their ability to elevate projects from invisibility to popularity, implementing a wide range of tailored techniques.

Notably, Crypto PR and marketing agencies stand out for their thorough knowledge of the crypto ecosystem and their ability to create multifaceted campaigns that appeal to both the general public and industry insiders.

In general, they ensure proper company promotion using influencer marketing and community development, arranging targeted sponsored publications, and obtaining organic media coverage in top-tier media outlets. Hence, their knowledge goes beyond simple visibility; they are adept at creating a sense of credibility and stimulating significant interaction in the crypto niche.

This article will consider the top crypto PR and marketing agencies in 2024 and how they help projects gain proper paid and organic visibility.

News Coverage Agency

News Coverage Agency understands the dynamic nature of the digital landscape, especially within rapidly evolving sectors like Crypto, Blockchain, AI, Gaming, and NFTs. The team, made of seasoned professionals, ensures their clients’ brand messages reach the right audience through precise Press Release distribution, strategic Guest posting, impactful Organic news coverage, well-placed Sponsored content, or compelling interview publications.

Their expertise in search engine optimization (SEO) and data analytics enables them to track performance meticulously, refine strategies in real-time, and deliver measurable results. Moreover, the company’s commitment to transparency and client collaboration ensures that each campaign is aligned with its client’s business goals and brand vision.

LKI Consulting

LKI Consulting is an award-winning Web3 Marketing & Design Agency. In crypto since 2016, LKI worked with 252+ projects, including Binance, Waves, MELD, io.net, Raiser, and Playbux. They manage aggressive campaigns to help crypto projects grow the community before TGE and acquire users after the launch.

LKI Consulting’s expertise is in marketing strategy, product advisory, Twitter (X) growth, community management, growth hacking, KOLs management, crypto ads management, and design. In particular, they specialize in Web3 marketing for infrastructure, DeFi, and gaming projects. LKI Consulting presents itself as a data-driven Agency focused on hitting ambitious KPIs such as TVL growth, number of FTDs, downloads, unique users, and community members.

The Opinion

The Opinion is a UK-based strategic PR & marketing agency specialising in Web 3.0 and emerging tech. The company was founded by Dana Kachan, a blockchain marketing leader with an outstanding track record and author of viral business articles in big media such as Entrepreneur, Yahoo Finance, and The Economist.

The Opinion has established a reputation as a reliable marketing partner thanks to unparalleled results delivered for their clients, such as a $5.5M NFT sale, growth hacking campaigns with 3,566% returns on investment (ROI), successful token launches for projects, and many others. What sets Opinion PR apart from competitors is its unique marketing strategies, which have proved to be highly efficient for dozens of blockchain and gaming projects to date.

ICL Comms

ICL agency stands at the forefront of tech communications, offering innovative strategies for companies at every growth stage. The agency’s approach is characterized by creativity, high cost/value efficiency, flexibility and commitment to results, making it a preferred partner for Web3, AI and Music Tech projects. ICL offers a comprehensive suite of services, including Media and Kol Relations, Press Release Distribution, Crisis Communications and Personal Brand, Display Advertising and Community Growth.

Since its inception in 2018, ICL has produced thousands of articles featuring stories for industry leaders like Animoca Brands, Polygon, Gavin Wood, Blockchain.com, Wirex, Gate.io and early-stage startups. Free PR consultation is available for tech founders on the website.

CTRL-PR

CTRL-PR is a full-service success-based PR firm based in Berlin, offering effective and affordable media and public relations services tailored to your needs. They prioritize the success of every campaign first over financial commitment. Their expertise spans tech PR, crypto PR, and success-based PR, making them a trusted Crypto PR agency for your specialized requirements.

CTRL-PR doesn’t just promise outcomes; it delivers them. Their narrative-shaping prowess and seamless communication distinguish them from others. With rapid turnarounds, cost-effectiveness, and unmatched flexibility, they are established as the go-to Tech PR agency and Web3 (blockchain and cryptocurrencies). Everyone would experience a paradigm shift with CTRL-PR, where success-based campaigns aren’t just strived for but secured.

KAP Digital

KAP Digital, a Crypto marketing agency or, as its tagline, Not Just ANOTHER Crypto Marketing Agency, has a seasoned bunch of degen natives that powerhouse public launches and make them listings hyped to the moon.

No website, no active brand position, actions speaking more than words, with a team of over 1000+ individuals spread across the globe. Providing social media, graphics, KOL support, PR assistance and, best of all, the right hype picking on catchy narratives. The only way to reach them is through TG. A team full of Degens, positivity and always aiming for the moon! Chat with KAP now and dive into deep crypto.

PolyGrowth

Specializing in communications and PR, PolyGrowth is a success-based agency that is known for managing campaigns of big ticket clients such as Gate.io, Dusk Network, and Verasity. Founded in 2018, PolyGrowth has a solid track record and an outstanding network of journalists, podcasts, and KOLs.

You can request case studies and custom proposal by reaching out to PolyGrowth here.

In Summary

The top 2024 crypto PR and marketing agencies have established themselves as essential collaborators for projects aiming to create a long-lasting influence in the blockchain space. Their ability to customize campaigns to fit different budgets and their track record of getting publicity in prominent media channels make them the preferred option for both new and established firms in the cryptocurrency field.

As the sector evolves, these firms remain at the forefront, continually modifying their methods to guarantee that their clients keep up with the quick developments and stay ahead of the curve, cementing their reputations as genuine pioneers in the crypto PR and marketing space.

Terra’s Bankruptcy Court Order Spurs Major Reopening of Shuttle Bridge and Destruction of 150 Million LUNA Tokens

Blockchain News/CD/Crypto News Today

Terra has made significant strides in its restructuring efforts following a bankruptcy court order in Terraform Labs’ (TFL) Chapter 11 case.

The court has authorized TFL to take crucial steps, including reopening the Shuttle Bridge and destroying a substantial amount of LUNA tokens.

In a post on X, the blockchain platform noted that TFL will reopen the Shuttle Bridge, allowing users to redeem sealed assets on Terra Classic as part of the court’s directives.

The Shuttle Bridge, a key infrastructure for transferring assets between Terra and other blockchains, had previously been closed.

TFL plans to transfer all assets held in the Shuttle Bridge wallet to a new wallet and introduce a simplified interface to facilitate the redemption process.

According to Terra, users will have a 30-day window to redeem their wrapped assets from the Bridge wallet.

After this period, TFL intends to permanently close the Shuttle Bridge, and any remaining assets in the wallet will be destroyed.

In an effort to reduce the circulating supply of LUNA, the court order has authorized TFL to cancel the distribution and destroy 150 million LUNA tokens obtained from Terra community funding.

This destruction is part of a broader strategy to stabilize the value of LUNA and restore confidence among the community and investors.

Additionally, TFL will begin the process of deactivating the 125 million LUNA currently staked by 49 validators recommended by Terra.

Once deactivated, these 125 million LUNA tokens, along with 2.5 million LUNA used for liquidity provision, will be destroyed.

TFL’s proposed Chapter 11 plan, which includes these measures, has not yet received full approval from the bankruptcy court and is not expected to take effect until late September 2024 at the earliest.

The plan is part of TFL’s comprehensive strategy to emerge from bankruptcy and reposition Terra as a stable and reliable player in the cryptocurrency space.

These actions follow a settlement reached between TFL and the United States Securities and Exchange Commission.

This settlement aims to address regulatory concerns and ensure compliance with federal securities laws, further contributing to the restructuring and stabilization efforts.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Greece to Implement Cryptocurrency Tax Framework by 2025

Blockchain News/CD/Crypto News Today

The Greek government is planning to implement a tax framework for cryptocurrencies and digital assets, which are currently not recognized.

According to a report by the Greek daily paper Ekathimerini on July 15, a special committee is expected to present its findings to the Ministry of National Economy and Finance by September.

The committee’s proposal aims to integrate cryptocurrencies into the tax system by January 2025.

Profits from crypto and digital asset trades will be taxed as capital gains from the sale of securities at a 15% rate.

The findings will focus on three main areas: defining and recording all cryptocurrencies, establishing a taxation method, and setting up a monitoring process.

Due to the absence of specific legislation in Greece, profits from crypto investments are often “exploited” by investors, with “very few” declaring their earnings from such transactions.

Ekathimerini notes that these investors are typically “mainly unemployed individuals or taxpayers with no income but substantial real estate holdings.”

Accountants and tax experts have observed an increase in crypto activity, especially among people around the age of 30.

The crypto scene in Greece is experiencing significant growth, reflected in the rise of user activity and events in Athens, the capital city.

In December, Cointelegraph attended ATHDAOx, a multi-day event held for the second consecutive year.

The event saw a fourfold increase in attendance compared to its inaugural year.

The event’s head told Cointelegraph that the local decentralized finance and crypto community is working to “scale” both the community and its in-person events in Greece.

In April, the Greek stock exchange and the Sui blockchain announced a potential collaboration, which later materialized.

This partnership introduced a new fundraising mechanism through the Sui ecosystem.

A representative from Sui highlighted that the Greek stock exchange’s Electronic Book Building system positions it “at the forefront of innovation […] in comparison to exchanges around the world,” in an interview with Cointelegraph.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Nigerian Crypto Experts Criticize Regulatory Confusion Following OKX’s Departure

Blockchain News/Crypto News Today

Nigerian cryptocurrency analysts have voiced strong criticisms following the exit of the crypto exchange OKX from Nigeria.

This departure has sparked significant concerns about the country’s regulatory landscape and its impact on the rapidly growing blockchain and cryptocurrency sector.

Speaking with Cointelegraph, Rume Ophi, a local crypto stakeholder, expressed frustration over the sudden exits of several crypto exchanges from Nigeria.

He questioned how these exchanges entered the country and are now swiftly leaving.

“It is shocking to know that we, as industry leaders, are trying to engage the government on the way forward to good regulation, and exchanges are already leaving because of regulations that we don’t even know about,” he stated.

The slow regulatory progress is seen as a significant setback for Nigeria, especially compared to countries like South Africa, which is emerging as a leader in the continent’s cryptocurrency market.

Ophi noted the stark contrast between the prominence of Bitcoin and cryptocurrency in the forthcoming US elections and the regulatory confusion in Nigeria, calling the situation “embarrassing, to say the least.”

Drawing comparisons to the European Union’s approach, Ophi pointed out that the European Union’s (EU) Markets in Crypto-Assets (MiCA) law continues to undergo amendments and refinements through collaborative efforts.

He urged the Nigerian National Assembly to engage in meaningful discussions to establish effective regulations.

“Regulations are an overtime thing; gradually, we get better,” Ophi noted, emphasizing that regulators should focus on regulating rather than making laws.

Obinna Uzoije, a data and policy expert with Africa Policy Conversations, emphasized the need for a quicker, transparent, and more welcoming regulatory framework, highlighting the industry’s potential to create numerous employment opportunities for Nigerian youths.

“This is not just about cryptocurrency; it has been labeled a crime in Nigeria to deal with digital assets. This is an entire industry of marketers, community managers, developers, traders, and so much more,” he explained.

The departure of OKX and other exchanges is seen as a missed opportunity for Nigeria, reminiscent of the lost potential during the 2021 bull market.

Uzoije argued that Nigeria needs to demonstrate leadership in the blockchain and cryptocurrency sector, not just in words but in action.

OKX exchange announced on July 18 that Malta will serve as its MiCA hub to ensure compliance with regulatory requirements in the European Union.

“This contrasts with its decision to cease services in Nigeria due to “recent changes in local laws and regulations.”

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Empowering Data Streams: How AYDO Leads the Way in IoT and DePIN Integration

CD/News

Introduction

What if the future of physical infrastructure is shared, secure, and powered by blockchain? Decentralized Physical Infrastructure Networks (DePINs) are making it happen, transforming the digital landscape with innovative, decentralized technologies. However, despite their potential, DePINs face several challenges that hinder widespread adoption. This article dives into the world of DePINs, explores the challenges they face, and unveils how AYDO’s data-oriented approach is pushing the landscape forward and simplifying the process

What is DePIN and How it Works?

DePIN (Decentralized Physical Infrastructure Network) leverages blockchain technology to create decentralized, transparent, and secure public infrastructure systems, supporting services like transportation, energy management and communication networks. It incentivizes individuals to create and maintain these networks by rewarding them with cryptocurrency for sharing digital resources and powering hardware networks. Token holders pay for services, vote on strategic decisions, and help secure the network, democratizing ownership and enhancing efficiency.

DePIN harnesses the power of blockchain and IoT to create a decentralized data economy. IoT devices become active participants, collecting valuable data and sharing it directly onto the blockchain. This decentralized approach eliminates intermediaries, ensuring data ownership remains with the generators.

By incentivizing data contribution through token rewards, DePIN motivates users to actively participate in data collection and sharing, fostering a collaborative ecosystem where data is a valuable asset. The blockchain serves as an immutable ledger, transparently recording data provenance and ensuring data integrity, while smart contracts automate data exchange and reward distribution.

AYDO’s Vision

AYDO facilitates universal IoT connectivity, aiming to reduce integration barriers for DePIN and expedite the convergence of the real world with blockchain technology. AYDO believes that emphasizing modularity and seamless collaboration with IoT devices and architectures is crucial for the widespread adoption of DePIN. Through the provision of modular IoT integration, AYDO aims to simplify the adoption and maintenance of DePIN systems for market players. This modular approach eases the process for developers working on decentralized applications (dApps) and enables them to concentrate on the core aspects of their products.

AYDO simplifies data monetization by enabling users to effortlessly stream data to various platforms, including DePIN projects and AI models. This eliminates the need for users to invest in specialized hardware or configure individual data streams for each platform. By streamlining data access, AYDO lowers the barrier to entry for both data providers and consumers, fostering a more dynamic and interconnected data ecosystem. Users are rewarded for their data contributions in tokens or stablecoins, creating new revenue streams and incentivizing data sharing.

In addition, AYDO’s feature allows users to stream data on request to AI models, similar to how they stream data to DePIN projects. AI developers and researchers can now purchase valuable, real-time data streams directly from users through AYDO’s platform. This access to diverse data is essential for real world application of AI models, driving advancements in its applications.

Market Potential

As Cointelegraph highlights, “DePIN will become one of this decade’s most important crypto investments.” Data, whether environmental or behavioral, is considered the new oil. AYDO’s core principle revolves around respecting users’ privacy and acknowledging their rights to data ownership. Their system architecture is designed with these principles in mind, allowing users to decide what data they share and with whom.

Source: IoT Analytics, https://iot-analytics.com/iot-market-size/

The global IoT market is expected to grow significantly, reaching an estimated 27 billion connected devices by 2025. According to a Deloitte survey of 156 Chinese manufacturers, 89% believe industrial IoT is critical to business success in the next five years, yet only 46% have established clear IoT strategies and plans. This gap presents a significant opportunity for solutions like AYDO, which simplify the integration and management of IoT devices, enabling companies to fully harness the value of IoT data for efficiency improvement, business growth, and risk management.

Challenges in the Landscape

Despite significant improvements in privacy, security, and the economic opportunities DePIN offers, several obstacles need to be overcome for the industry to reach its full potential. Here, we focus on data collection challenges:

Data Silos and Inefficient Collection: Currently, DePIN projects often operate in data silos. They struggle to collect data from a wide range of devices because they require specialized hardware for each project. This creates a barrier to entry for users and limits the type of data DePINs can access. AYDO breaks down these silos by enabling data collection from various generic IoT devices using existing user hardware. This significantly reduces costs and streamlines data collection for DePIN applications.
Hardware Dependency and Cost Inefficiency : Many DePIN projects require users to purchase specific, specialized hardware, which is expensive due to the high costs of small-volume production runs. This results in users paying a premium for project-specific hardware, whereas generic, readily available alternatives are significantly cheaper. AYDO eliminates this dependency by allowing users to leverage their existing devices, thus reducing costs and making participation more accessible.Here’s a comparison of the cost between specialized DePIN hardware and generic IoT devices supported by AYDO:

Hardware Type	Cost (USD)
Specialized DePIN Device	$200 – $1000+
Generic IoT Device	$5 – $100

AYDO’s Solutions: Streamlining Data for DePIN Efficiency

AYDO believes the solution to these problems lies in user control over data and collaboration between DePIN projects. Here are the ways AYDO addresses data collection challenges in DePINs:

Broad Device Integration and Management: AYDO Hub (any server/computer/Raspberry Pi where AYDO software is installed) functions as a decentralized network, enabling the integration of thousands of devices from various vendors. It provides capabilities for monitoring and managing connected devices.
Data Streamlining and Optimization: AYDO goes beyond simple data collection. The AYDO Hub can filter and pre-process data based on user preferences and DePIN project requirements. This ensures that only relevant data is streamed to DePIN applications, reducing bandwidth usage and optimizing data flow for DePINs. Additionally, AYDO allows users to adjust data streaming in real-time based on their preferences or project needs.
Enabling AI and Machine Learning: By facilitating the collection and flow of high-quality data from various devices, AYDO empowers DePINs to leverage the power of AI and machine learning. This allows DePINs to extract valuable insights from the data, automate tasks, and optimize decision-making within physical infrastructure networks. For instance, imagine a smart city scenario where traffic sensors stream live data to an AI model. The AI model analyzes this data in real-time to optimize traffic light patterns, reducing congestion and improving traffic flow.
User-Centric Data Ownership and Control: AYDO put the power in the hands of device owners by giving them full control and ownership of their data. AYDO’s blockchain-based decentralized infrastructure ensures the secure storage of user data, preventing unauthorized alteration and ensuring transparency. Users will have full transparency regarding the types of data they decide to share/stream and full control of the data they store.
Minimal Hardware Requirements: The AYDO server (AYDO Hub) is compatible with devices equivalent to or more powerful than the Raspberry Pi Zero and single-boarded computers that meet minimum hardware requirements.

AYDO Architecture

AYDO uses a chain-agnostic approach for data hashing and decentralized user data ownership. Note that this architecture is subject to change. In a private setup, sensors send data to an AYDO Hub via Wi-Fi or wired connection. The AYDO Hub sends Zero-Knowledge proofs to a Blockchain node and data to the AYDO backend. Users interact through a mobile app, connecting to the AYDO backend via REST/WebSocket protocols.

The AYDO Hub communicates with sensors using Wi-Fi, wired, or IoT protocols (e.g., Zigbee, Z-Wave), generating ZK proofs sent to a blockchain or layer 2 network. It also sends data to the AYDO backend, which processes Blockchain node data. In a public environment, AYDO interfaces with internet-connected blockchains. The AYDO Hub exchanges data with these networks via Wi-Fi or wired connection.

The Road Ahead

The adoption of Internet of Things (IoT) devices is rapidly expanding in both businesses and everyday life. Even with supply chain challenges and chip scarcities, worldwide IoT connections are expected to reach 27 billion by 2025.

However, the bulk of IoT devices are currently implemented using an outdated centralized approach, neglecting modern technologies such as blockchain and other proven, reliable protocols. This has led to several issues coming to light, including scalability challenges, elevated operational costs, privacy considerations, security threats, and a deficiency in practical value. These problems limit the potential of IoT devices and may even affect market growth despite current forecasts.

For DePIN, this presents a great opportunity to connect this growing IoT market on both the consumer and enterprise sides. Bringing more data where it is needed and eliminating information waste created by inefficiencies.

Community and Real-World Value

DePINs are about creating tangible progress and real-world value. AYDO enhances this by breaking down data silos and empowering users to actively participate in the DePIN economy. Crucially, AYDO provides transparency regarding the types of data users share with DePINs without collecting the data itself. This approach fosters a more collaborative and inclusive DePIN ecosystem, driving innovation and enabling DePINs to address real-world challenges across various sectors.

Conclusion

Integrating real-world sensor data into DePIN applications holds transformative potential for various industries. AYDO addresses the critical challenge of data collection by enabling DePINs to use data from generic, cost-effective IoT devices, which significantly lowers hardware costs and makes data streaming economically viable. Achieving such cost efficiency is essential for the widespread adoption of DePINs.

AYDO’s user-centric approach ensures secure data storage and ownership while streamlining data collection and flow. By making data streaming more cost-effective, AYDO not only supports the future of DePINs but also enhances their potential to harness AI and the Internet of Things. As the DePIN landscape evolves, AYDO’s focus on cost reduction and data efficiency will be pivotal in creating a more collaborative and impactful DePIN ecosystem.

Connect with AYDO: #JointheAYDO

Website: https://AYDO.ai/

Twitter: https://x.com/AYDO_ai

Telegram: @AYDOai

Litecoin (LTC) Outperforms Dogecoin (DOGE) in On-chain Activity

Blockchain News

For everyone who has been following the digital footprints of popular cryptocurrencies in the market, Litecoin (LTC) has been the coin to look out for over the last couple of days. It is rare that a coin processes $2.8 billion in transactions over $100K daily and exceeds 50% of its market cap, outperforming most Layer 1s, including Dogecoin. There are speculations that the price of LTC is about to go over the roof, but what exactly is fuelling its performance?

What Makes LTC Worthy of Attention?

Litecoin, often hailed as the silver to Bitcoin’s gold, is one of the oldest altcoins inspired by Bitcoin back in 2011. It is a blockchain and cryptocurrency that was forked from Bitcoin and intended to be used primarily as a payment method. It is open-source and boasts lower transaction fees and faster transactions, rendering it suitable in many use cases.

Litecoin has been used in peer-to-peer transactions, trading on decentralized exchanges, e-commerce, DeFi, and even gaming at LTC casino sites. These online gambling platforms allow users to deposit and withdraw funds using Litecoin. It has since become the preferred option over fiat and other cryptocurrencies, mostly due to the ease and speed of the transactions on its blockchain. The popularity of LTC continues to fuel the development of these platforms, and as these platforms grow, so does the popularity of LTC.

Additionally, it seems that the crypto market is gearing up for altcoins as Bitcoin’s dominance dips. With Litecoin leading the pack as a trusted, secure, and speedy Blockchain network, there is more than one reason for big-wallet investors to keep looking in its direction.

Popular Meme Coin, DOGE, has Nothing on LTC?

Dogecoin was forked from Litecoin just like Litecoin was forked from Bitcoin. Both coins are based on the Proof-of-Work (PoW) consensus algorithm, but they have slightly different appeals.

When it comes to meme coins, DogeCoin is one of the leading coins, with a market cap of over $15 Billion. In contrast, Litecoin has a market cap of about $5 Billion, meaning Dogecoin has roughly three times the market cap of LTC. In spite of this, data from In the Block’s on-chain activity analysis reveal that DOGE has just about $590 million in large transactions in comparison to LTC’s $2.85 billion. Undoubtedly, Dogecoin has captured public attention with the social media hype around it, but it seems that Litecoin is where those with the big wallets are transacting.

It is quite interesting to see this surge of investor activity on the LTC network. As of late May, LTC’s price had dipped by about 8%. Around the same time, more investors created new wallets numbering close to four hundred thousand on the network, signalling that people were buying the dip. But why?

What Does the Future Hold for Litecoin?

While Litecoin offers some impressive security features, and its lower transaction fees make it attractive to payment platforms and local and offshore casinos alike, we cannot credit just these factors for the new wave of attention on LTC.

In the past six years, Litecoin has undergone two halvings. With the increased demand for the coin despite limited supply, it is expected that Litecoin will grow in value. Predictions for the coin are consistent growth for the rest of the year and beyond. Litecoin’s strong fundamentals and adaptability to real-world use cases give it an edge over meme coins like DOGE.

Massive on-chain activity on the LTC network suggests investors are gearing up for months of massive gains ahead. But if there is anything every crypto enthusiast knows, it is never to try to predict the future. So, keep your fingers crossed.

Monad Raises $225M to Revolutionize Blockchain with Advanced Parallel Execution and Optimized Consensus

Blockchain News/CD/Crypto News Today

Monad, a new layer-1 smart contract platform, recently raised $225 million from venture capital firm Paradigm.

Although not yet launched, Monad expects to go live on its public testnet in late 2024, with a mainnet launch in early 2025.

Monad is a parallel Ethereum Virtual Machine (EVM) project, akin to Aurora and Sei, designed to parallelize EVM instruction execution, enabling concurrent transaction processing.

This approach increases transaction throughput and reduces costs.

Parallelization breaks down transaction execution into smaller, independent tasks processed simultaneously.

Monad introduces four optimizations: MonadBFT, deferred execution, parallel execution, and MonadDB.

MonadBFT is a two-phase Byzantine-fault-tolerant algorithm based on HotStuff, optimized for partially synchronous conditions.

Most real-world networks experience variable message delivery times due to network congestion and latency.

MonadBFT enhances scalability and efficiency by reducing the communication rounds for consensus from three to two.

The consensus mechanism involves a leader node proposing blocks and validators reviewing them. If a majority approves (two-thirds), the block is finalized.

If consensus isn’t reached, validators send timeout messages, forming a timeout certificate to avoid system stalls.

This two-phase commit rule ensures rapid block finalization while maintaining network security.

Deferred execution separates transaction execution from consensus. Unlike Ethereum, where nodes execute transactions before consensus, MonadBFT focuses only on transaction order.

Execution occurs independently after consensus, mitigating the risk of malicious nodes.

Agreement on the Merkle root of the state is delayed by D blocks, currently set at 10, allowing nodes to verify execution correctness.

Parallel execution in Monad employs optimistic execution, similar to CPU speculative execution. Transactions are processed before previous transactions are finalized, increasing throughput. Conflicts are resolved by re-executing affected transactions.

This approach adds minimal overhead and benefits from static code analysis to predict dependencies, optimizing initial transaction scheduling.

MonadDB is a custom database enhancing parallel execution. Traditional blockchains face I/O bottlenecks due to synchronous operations.

MonadDB uses asynchronous disk operations, allowing multiple read and write processes simultaneously, thus boosting transaction processing speed.

In conclusion, Monad’s innovative techniques—optimistic execution, deferred execution, and MonadDB—enhance scalability and efficiency.

MonadBFT ensures rapid block finalization and network security.

With its public testnet set for late 2024 and mainnet in early 2025, Monad is poised to be a significant player in scalable blockchain technology.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Bitcoin Hashrate Drops to December 2022 Levels Amid Miner Capitulation and Halving Impact

Bitcoin/Blockchain News/CD/Crypto News Today

At the start of July, Bitcoin‘s hashrate drawdown, which measures changes in the network’s computing power, dropped to levels not seen since the December 2022 bear market, indicating some miners may be capitulating.

In April, Bitcoin underwent its fourth halving at block height 840,000, cutting the block reward in half to 3.125 BTC.

This reduction in rewards, along with transaction fees accounting for less than 10% of revenues, has squeezed miners’ earnings.

Additionally, Bitcoin’s price recently fell below $60,000 due to selling pressure from German authorities and the Mt. Gox rehabilitation trustee repaying creditors in Bitcoin and Bitcoin Cash.

The price has since recovered to around $65,000.

Oleksandr Lutskevych, founder and CEO of CEX.IO, noted the cooling of trends like Runes and Ordinals and declining onchain activity.

He suggested this could mean greater centralization of hash power among larger mining operations, potentially leading to network instability during uncertain conditions.

He also mentioned that the decline in unique active addresses might indicate retail participants ceding ground to corporate entities, which are entering the space thanks to the Bitcoin ETFs launched earlier in 2024.

Despite these bearish signals, Marathon Digital Holdings, the world’s largest BTC mining firm, did not sell any Bitcoin in June, keeping its 18,536 coins untouched.

Bitcoin’s hashrate drop, while significant, wasn’t as drastic as during the December 2022 bear market, according to a spokesperson from ViaBTC.

The network’s hashrate has remained around 600 exahashes per second (EH/s), far above the 250 EH/s seen previously, indicating a notable improvement over time.

Brian Rudick, senior strategist at GSR, said the drop in hashrate resulted from reduced mining profitability post-halving, with hash price at an all-time low.

He added that public miners, who generally have lower costs, continued to hold onto their BTC despite the declining profitability, unlike less efficient non-public miners.

Experts dismissed fears of a “miner death spiral,” where declining rewards and high energy costs cause network collapse.

Lutskevych emphasized that Bitcoin’s built-in difficulty adjustment mechanism helps stabilize the network by lowering difficulty as hashrate drops, making mining more attractive.

ViaBTC added that this mechanism could lead to a dynamic balance, attracting new miners and increasing hashrate.

Concerns about miner centralization were highlighted, with the appetites of dominant players potentially causing short-term fluctuations.

However, miners can manage liquidity needs without selling their BTC, using services like crypto-backed loans.

Historically, Bitcoin’s price and hashrate have been correlated. Lutskevych noted a slight lag between the two, but recent price drops have not been as severe as past events.

Rudick added that Bitcoin’s price leads its hashrate, so he doesn’t foresee the hashrate drop affecting the cryptocurrency’s price or security, as the network remains robust with sufficient hashrate.

Despite potential turmoil in the mining industry, Bitcoin’s security is assured. Controlling the network’s hashrate for a 51% attack would be prohibitively expensive.

Solutions to Bitcoin’s long-term security budget, such as increasing block space demand via layer 2s, are being considered.

While the hashrate drop is notable, it may signal a market bottom, supported by metrics indicating low selling pressure from exchanges and miners.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Nexo Passes SOC 2 Type 2 Audit With Independent Auditor

Blockchain News/CD/Crypto News Today

Nexo has demonstrated its strong commitment to data security by renewing its SOC 2 Type 2 audit and achieving a new SOC 3 Type 2 assessment with no exceptions. The company expanded the audit’s scope to include additional Trust Service Criteria, focusing on Confidentiality. These achievements underscore Nexo’s dedication to protecting sensitive user information, making data protection a core aspect of its mission.

The audits were conducted by A-LIGN, an independent auditor with 20 years of experience in security compliance. The SOC 2 and SOC 3 reports confirmed Nexo’s flawless compliance with the stringent Trust Service Criteria of Security and Confidentiality. This was a continuation of the company’s efforts from the previous year, demonstrating its ongoing commitment to safeguarding customer data.

SOC 2, a standard set by the American Institute of Certified Public Accountants (AICPA), evaluates an organization’s internal controls for security and privacy. For a detailed understanding of SOC 2 and SOC 3’s implications for client data security, Nexo has provided information on its blog.

Milan Velev, Chief Information Security Officer at Nexo, expressed pride in the company’s achievements: “Completing the gold standard in client data protection for the second consecutive year brings me great pride and a profound sense of responsibility. It is crucial for Nexo customers to have compliance peace of mind, knowing that we diligently adhere to security regulations and remain committed to annual SOC audits. These assessments provide further confidence that Nexo is their partner in the digital assets sector.”

Nexo’s commitment to operational integrity is further evidenced by its adherence to the CCSS Level 3 Cryptocurrency Security Standard for asset storage, along with ISO 27001, ISO 27017, and ISO 27018 certifications, granted by RINA, and the CSA Security, Trust & Assurance Registry (STAR) Level 1 Certification.

Emerging Players in DePIN: a Closer Look at NeurochainAI’s Token Launch and Node Staking

CD

As artificial intelligence (AI) continues to permeate various sectors, its demand is skyrocketing. Innovations like ChatGPT have catalyzed this growth, driving AI adoption across industries from healthcare to finance. However, the rapid expansion of AI technologies has also highlighted significant challenges within centralized AI compute networks, including issues related to scalability, accessibility, data management, and environmental impact.

The traditional, centralized model of AI infrastructure relies heavily on massive data centers owned and operated by a few large corporations – which may lead to an AI monopoly in the near future.

Pivotal Shift in the AI Infrastructure Landscape

The state of DePIN represents a pivotal shift in the AI infrastructure landscape. The emergence of Decentralized Physical Infrastructure Networks (DePIN) offers a promising solution to the challenges posed by centralized AI compute networks.

DePIN leverages decentralized networks of computational resources, distributed across numerous locations and managed by a diverse group of stakeholders. By addressing the limitations of centralized systems, DePIN offers a scalable, accessible, and environmentally sustainable solution for the growing demands of AI.

The Growing Potential of the DePIN Sector

The DePIN niche is heating up, boasting a market value of $26 billion according to CoinGecko. Among the emerging players, NeurochainAI stands out as a potential game-changer, establishing itself as a DeAl (Decentralized AI) infrastructure that simplifies building, deploying, and hosting of AI dApps, powered by a robust community. Ahead of its token launch, the project has gained remarkable traction with over 102,000 registered users and more than 57,000 mainnet wallets.

Node Staking vs. Node Sale

For a DePIN to be a viable alternative to centralized AI computing networks, it must ensure the trust and security of the whole system. Thus blockchains building DeAI systems must ensure robust consensus mechanisms are put in place usually enabled through validator nodes.

Over the past six months, node sales have become a popular method for growing validator networks. A node sale refers to the process of selling nodes to multiple users to operate nodes within a blockchain or decentralized network. Node operators earn rewards for validating transactions and maintaining the network. By running a Neuron Validator node, participants contribute to the network’s decentralization and security.

The benefits of node staking

NeurochainAI is taking an even more transparent, community-driven approach, drawing inspiration from industry leaders like Ethereum where users must stake a stable amount of native coins to become a validator, promoting fairness and stability within the network. Following the Token Generation Event (TGE), NeurochainAI will grow its Neuron Validator network through node staking.

Node staking allows users to operate Neuron Validator nodes and receive daily $NCN rewards for a year. Operating a Neuron Validator contributes to the decentralization of the NeurochainAI ecosystem. Node staking offers multiple benefits compared to node sales:

Transparency: rewards for participants are known upfront.
Decentralization: the same stake applies to all nodes.
Democracy: the community has a fair chance to participate on a first-come, first-served basis.
Logic: no inflation of fully diluted valuation (FDV) through tiered systems.

According to NeurochainAI’s blog post, 180 million $NCN tokens is allocated to the community. This setup underscores NeurochainAI’s commitment to a decentralized and community-driven ecosystem.

How to Get Involved

To become a Neuron Validator, users must stake 12,000 $NCNs on a first-come, first-served (FCFS) basis upon the TGE. Successful participants will automatically receive a Neuron Validator NFT. The NFTs are distributed immediately via smart contract. However, initially, the number of NFTs is limited to 10,000, adding to the excitement while ensuring stable growth of the node network.

Unlike many projects that spread large portions of their tokens to investors and offer initial DEX offerings (IDOs), NeurochainAI claims it’s committed to a fair launch strategy, which means $NCNs will be listed directly on centralized exchanges (CEXs), ensuring equal access and better terms for everyone. As a part of the fair launch strategy, the community has also had the opportunity to earn NCN by connecting GPUs and participating in data tasks for a long time.

The most intriguing part of the story involves rumors about leaked tokenomics. Prominent crypto influencers have shared tweets suggesting there might not be enough $NCN tokens available to stake for all 10,000 NFTs, which may potentially create market scarcity and contribute to the growing demand for tokens. NeurochainAI hasn’t confirmed this information officially and hasn’t replied to the media for comment though.