FOREX NEWS & BLOG

Space and Time Launches on Mainnet to Power a New Generation of Data-Driven Crypto Apps

Space and Time Launches on Mainnet to Power a New Generation of Data-Driven Crypto Apps

Space and Time, the Microsoft-backed blockchain for zero-knowledge (ZK)-proven data, is live on its public, permissionless mainnet.

Space and Time is designed to deliver ZK-proven data to smart contracts to power a new generation of data-driven crypto applications. It indexes data from other major blockchains, including Ethereum, and stores it across a decentralized network of database validators. Developers can access, query ZK-prove and connect this data back to their smart contract using Proof of SQL, Space and Time’s sub-second ZK coprocessor for SQL database queries.

“Prior to Space and Time, onchain applications had no way to query basic user data from a database of blockchain activity without introducing security risks and tampering. In addition, enterprises had no way to securely connect their cloud databases with smart contracts. Today we’re thrilled to announce the mainnet launch of Space and Time, which will empower developers to build sophisticated, data-driven onchain applications secured by cryptographic proofs,” said Scott Dykstra, Contributor #001 at Space and Time.

Smart contracts today can’t natively access historical, cross-chain or offchain data, which limits the complexity of onchain apps. Chainlink pioneered external data access for smart contracts with secure oracles and cross-chain messaging, solving key pieces of the context problem. The next wave of onchain innovation—spanning everything from dynamic financial instruments to data-rich AI agents and tokenized real-world systems—will require a trustless database layer for complex data retrieval. Space and Time enables this with a verifiable, decentralized database network that gives smart contracts the ability to query the full history of Ethereum and beyond.

“Smart contracts need context to make decisions, whether it’s real-time market data, cross-chain messaging or historical onchain activity. Chainlink provides the connective tissue for data to move securely across systems, and Space and Time brings powerful new compute capabilities that complement that vision. Together, we’re pushing the boundaries of what developers can build onchain,” said Sergey Nazarov, Co-Founder of Chainlink.

Space and Time was created by MakeInfinite Labs, a frontier protocol research lab that is backed by Microsoft and working alongside major financial institutions. In addition to its work on Space and Time, the firm has developed key technologies to the broader crypto ecosystem, such as Proof of SQL, Blitzar, an Elastic Network ZK Chain for Space and Time, and Chainlink DeFi Yield Index.

“At MakeInfinite Labs, we’re focused on building foundational infrastructure to enable the next generation of crypto applications. Contributing core technologies like Proof of SQL and the original architecture of Space and Time is part of that vision. We’re excited to see the ecosystem take this work forward and unlock new possibilities for verifiable, data-driven applications,” said Nate Holiday, CEO of MakeInfinite Labs & Co-Founder of Space and Time.

Space and Time is secured by a decentralized set of validators, and anyone can contribute to the network by providing high-quality datasets, staking or running a validator node.

About Space and Time

Space and Time (https://www.spaceandtime.io) is the blockchain for ZK-proven data, which enables smart contracts to trustlessly access and compute over data from any chain or source. Powered by Proof of SQL, a sub-second ZK coprocessor, Space and Time empowers developers to build more intelligent, data-rich applications with verifiable data.

About MakeInfinite Labs

MakeInfinite Labs is a frontier protocol research lab contributing to some of the most prominent protocols and ecosystems across crypto, including the creation of Space and Time. MakeInfinite Labs raised $50 million from Microsoft’s M12 Ventures and other leading investors to build the infrastructure that enables developers and creators to build data-driven applications, tokenize and monetize and win in the AI economy.

This article was written by FM Contributors at www.financemagnates.com.

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Coinbase Enters Crypto Derivatives with $2.9B Deal to Acquire Deribit

Coinbase Enters Crypto Derivatives with $2.9B Deal to Acquire Deribit

Coinbase Global has agreed to buy Deribit, a major
cryptocurrency derivatives exchange. The deal is valued at approximately $2.9
billion. Coinbase announced the acquisition on May 8, as Cointelegraph reported.

Coinbase Announces Deribit Acquisition, Pending Approval

Greg Tusar, Vice President of Institutional Product at
Coinbase, said the move is part of the exchange’s international growth plan.
“With Deribit’s strong presence and professional client base, Coinbase is
making its most substantial move yet to accelerate our international growth
strategy,” he said.

The deal includes $700 million in cash and 11 million shares
of Coinbase Class A common stock. The final amount is subject to standard
purchase price adjustments. The acquisition is expected to close later this
year, pending regulatory approval.

Deribit was founded in 2014 by John and Marius Jansen. The
company confirmed that both founders will leave the firm after the deal is
completed in 2025.

Deribit said its operations will continue as normal until
the transaction closes. “Same platform, same team, same commitment to
excellence,” it stated in a release.

You may find it interesting at FinanceMagnates.com: Coinbase
Gains FIU Approval for Indian Market Re-entry: SEC Drops Lawsuit
.

Deribit License Transfer May Be Required

Luuk Strijers, CEO of Deribit, said the deal would provide
more trading opportunities. “This acquisition will accelerate the foundation we
laid while providing traders with even more opportunities across spot, futures,
perpetuals, and options,” he said.

Coinbase plans to integrate Deribit’s technology with its
existing services. The company said this will improve onboarding, fiat
payments, and capital efficiency across trading functions.

Reports from March had suggested that Coinbase and Deribit
informed regulators in Dubai about the possible acquisition. Deribit holds a
license in Dubai, which may need to be transferred to Coinbase if the deal is
approved. Earlier estimates placed Deribit’s valuation between $4 billion and
$5 billion.

This article was written by Tareq Sikder at www.financemagnates.com.

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Tesla and Google surge as healthcare sector falters in mixed market

Tesla and Google surge as healthcare sector falters in mixed market

Today’s Market Overview

The US stock market presents a mixed picture today, with notable performances in the consumer cyclical and communication services sectors. Giants like Tesla and Google are emerging as the day’s winners, while the healthcare sector faces significant setbacks.

📈 Consumer Cyclical & Communication Services

  • Tesla (TSLA) shines: Tesla has surged by 1.97%, showcasing strong investor confidence in the auto manufacturing sector as it continues to push innovation.
  • Amazon (AMZN) remains robust: With a gain of 0.81%, Amazon reflects positive sentiment in internet retail, possibly buoyed by recent consumer spending trends.
  • Google (GOOG) leads in communication services: Google gains 1.64%, indicating resilient growth in internet content and information services. This uptick highlights investor optimism following strategic expansions within the sector.

🏥 Healthcare Sector Woes

  • Lilly (LLY) declines steeply: Lilly sees a sharp drop of 4.31%, contributing to the healthcare sector’s struggles. This may be due to recent regulatory challenges or negative news affecting drug manufacturers.
  • AbbVie (ABBV) and Merck (MRK): Both experience significant declines, down 1.79% and 1.32% respectively, reflecting broader concerns within pharmaceuticals.

💹 Financial Sector Resurgence

  • JPMorgan Chase (JPM) and Bank of America (BAC): Both institutions post gains of over 1.43%, indicating a healthy recovery or investor pivot towards stable banking stocks amidst rising interest rates.

Overall Market Sentiment

The market’s mood today appears cautiously optimistic, driven by sector-specific dynamics rather than broad-based rallies. While tech and consumer companies appear to capture investor interest, the healthcare sector’s downturn underscores existing vulnerabilities and market-specific news.

Strategic Recommendations

  • Investors should leverage the growth in consumer cyclical and tech sectors, considering potential rebounds or strategic announcements. Monitoring major players like Tesla and Google could yield opportunities as they capitalize on emerging trends.
  • Given healthcare volatility, consider re-balancing exposure to diversify risk or capitalize on potential dips in firms with strong long-term fundamentals.
  • Stay informed with ForexLive.com for real-time updates and insights to navigate market dynamics effectively.

Overall, maintaining a diversified portfolio will be key in navigating today’s mixed yet evolving marketplace.

This article was written by Itai Levitan at www.forexlive.com.

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The Yen Puts Life on Hold. Forecast as of 05.05.2025

The Yen Puts Life on Hold. Forecast as of 05.05.2025

The Japanese government and the Bank of Japan could have fueled a downtrend in USD/JPY by selling their $1.3 trillion treasury holdings and hiking rates. But Tokyo says it’s not the time. Let’s discuss it and make a trading plan. Major Takeaways Selling treasuries as a negotiation tool is off the table.  The BoJ kept the overnight rate at 0.5%. Derivatives doubt further monetary tightening. USD/JPY’s failure to hold on to 144.5 will be a reason to sell. Weekly Fundamental Forecast for Yen Japan holds strong cards but isn’t ready to play them — at least not yet. Finance Minister… Read full author’s opinion and review in blog of #LiteFinance

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Russia and China intend to ramp up cooperation to decisively counter US containment

Russia and China intend to ramp up cooperation to decisively counter US containment

Russia and China have released a joint statement:

  • Intend to ramp up cooperation in order to decisively counter US efforts to contain them both
  • Will continue to strengthen military cooperation

That’s a powerful moment in geopolitics. This pair pledged ‘friendship without limits’ years ago and have backed it up.

This article was written by Adam Button at www.forexlive.com.

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EURUSD Forecast & Predictions for 2025, 2026–2027, and Beyond

EURUSD Forecast & Predictions for 2025, 2026–2027, and Beyond

The EUR/USD currency pair is widely considered one of the most popular and traded pairs in the global currency market. Its rate reflects shifts in economic conditions across the US and the eurozone. The pair’s fluctuations are sensitive to the Fed and the ECB, inflation rate, and global events. This article delves into EURUSD forecasts for 2025 and beyond, assessing market sentiment and considering technical and fundamental factors. Read this material to get a definitive answer to the main question: is it worth investing in this currency pair now? Major Takeaways The current price of the EURUSD pair is $1.13039… Read full author’s opinion and review in blog of #LiteFinance

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REALTYon 2025 Expo Links Property Stakeholders in Two-Day Cyprus Event

REALTYon 2025 Expo Links Property Stakeholders in Two-Day Cyprus Event

REALTYon 2025 Expo, a two-day property-focused event, has begun
today (Thursday) in Limassol. The event is organized by Ultimate Fintech, known for
producing the iFX EXPO series. It is positioned as the largest and only real
estate exhibition of its kind in Cyprus.

Investors, Developers Meet at REALTYon Expo

The expo brings together property developers, real estate
agents, investors, and home buyers. Participants are attending to explore
ongoing and upcoming projects, engage in discussions, and build direct
connections. The event also offers pre-arranged one-on-one meetings aimed at
matching investors with developers based on specific criteria.

REALTYon combines exhibition space with a conference setup.
It covers topics related to property acquisition, investment, and trends in the
Cypriot real estate market. The goal is to streamline communication and
deal-making within the sector.

European Stakeholders Explore Cyprus Property Market

Attendees include both local and international stakeholders,
though most are from Europe. The exhibition showcases residential and
commercial developments ranging from small apartments to large villas and
penthouses. Real estate agents are using the platform to present listings,
while service providers are offering legal, financial, and technical advice
relevant to property deals.

This article was written by Tareq Sikder at www.financemagnates.com.

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