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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin's All-Time High: Adjusting for Inflation

Bitcoin's All-Time High: A Perspective on Inflation Adjustments As Bitcoin inches closer to its all-time high, the cryptocurrency landscape is buzzing with discussions about whether its previous peak should be adjusted for inflation. With the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) inflation calculator suggesting a revised target of approximately $75,000, the debate intensifies. This adjustment isn't merely academic; it reflects the evolving role of Bitcoin in the financial ecosystem, especially as it vies for status as a serious inflation hedge. Understanding the All-Time High Previous Peak : Bitcoin reached an all-time high of nearly $69,000 in November 2021. Inflation Adjustment : Adjusting for inflation brings the real target closer to $75,000, emphasizing the need to consider economic conditions over time. Bitcoin as an Inflation Hedge Despite the volatility associated with Bitcoin, it continues to be regarded as a potential safeguard a
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Produced by Daniel Aharonoff & Mogul Media AI

Unleashing Innovation: BNB Chain Q1 Hackathon Review and Opportunities

BNB Chain, the community-driven blockchain ecosystem encompassing the world's largest smart contract blockchain, has recently unveiled the launch of its quarter 1 (Q1) installment of the 2024 hackathon program. Geared towards boosting growth and fostering project success within its ecosystem, the focus of the BNB Chain Q1 hackathon revolves around constructing smart and fully on-chain applications. The remarkable growth experienced by BNB Chain, with BNB Smart Chain (BSC) and opBNB standing out as two of the top three fastest-growing chains, not only signifies an upward trajectory in user adoption but also shines a light on the project types propelling its expansion, notably AI and GameFi.

Hackathon Focus and Tracks

  • The Q1 hackathon aims to accelerate Artificial Intelligence (AI) and Web3 development.
  • The hackathon tracks span across DePin, DeSoc, DeSci, and Gaming and Infrastructure sectors.
  • Additional challenges from hackathon partners in Q1 aim to enhance creativity and innovation.

Prizes and Rewards

  • Participants in the Q1 2024 hackathon will have access to a $60,000 funding pool.
  • Winners stand to receive a comprehensive Kickstart package worth $300,000 ($50,000 each), including credits from AWS, Google Cloud, and essential development tools.
  • Extra Rewards are available from the sponsor track, with an additional prize pool of up to $115,000.
  • Winners will be eligible for BNB Chain support for up to one month post-event, along with a dedicated technical support group and an opportunity to interview with MVB.

Developer Incentives

  • To encourage blockchain innovation and progress within the industry, a $10,000 prize pool will be distributed to all developers contributing to the BNB Chain ecosystem with a qualifying submission.

The BNB Chain Core Development Team emphasized the crucial role that initiatives like hackathons play in nurturing a flourishing BNB Chain ecosystem. The commitment to fostering growth and innovation underscores the dedication to advancing the blockchain landscape.

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