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Silencio Network Secures an Additional $2.5 Million in Seed Funding to Scale the World’s Leading Noise Intelligence Platform

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[PRESS RELEASE – Wilmington, Delaware, December 18th, 2024]

Silencio Network, the world’s largest decentralized environmental intelligence platform, has successfully closed a $2.5 million Seed funding round, solidifying its position as the leading innovator in decentralized infrastructure. Led by Blockchange Ventures, this round brings together continued support from Borderless Capital and Master Ventures, alongside new strategic backers such as Blockchain Founders Fund, Prosper GmbH & Co. KG, and Advanced Blockchain AG. This latest raise builds on the company’s previous $1 million funding earlier in 2024.

This milestone also marks a significant first for the Web3 ecosystem: Silencio is the first fully on-chain DePIN (Decentralized Physical Infrastructure Network) project to operate on peaq, a Layer-1 blockchain purpose-built for the Machine Economy.

Pioneering Environmental Intelligence Across Industries

Silencio Network is redefining how noise intelligence data is captured, processed, and applied globally. By turning everyday smartphones into real-time noise sensors, Silencio delivers hyper-local data that drives actionable insights for industries like urban planning, real estate, and hospitality.

App Metrics: The Pulse of Global Engagement

  • 400,000+ Active Users spanning over 180 countries, demonstrating reach in environmental data intelligence.
  • Daily Active Users (DAUs) consistently exceed 15,000, showcasing high engagement and retention rates within the Silencio community.
  • 676 Million Hexes Covered Globally, with 1.3 Million Hexes Newly Discovered Every Day, mapping urban and rural soundscapes at scale.
  • Over 100,000 Noise Measurements Captured Daily, emphasizing the platform’s accuracy and reliability as smartphones collect granular data in real-time.

On-Chain Metrics (Dune Analytics): Full Integration on peaq

  • Over 233,000 On-Chain Transactions have been processed since migrating to peaq on December 9, 2024.
  • 15,500+ Unique Wallets contributing to the decentralized data exchange.
  • An average of 1,200 new devices are added daily, underscoring Silencio’s rapidly expanding on-chain presence.

(Note: Numbers may vary slightly as Silencio progressively migrates app activity on-chain following its launch on peaq on December 9th of 2024.)

These achievements underscore Silencio’s exponential scalability, setting a new benchmark for DePIN models built on peaq’s Layer-1 blockchain for the Machine Economy.

Unlocking New Frontiers in Environmental Data

Silencio Network combines decentralized infrastructure with hyper-local data to transform industries such as urban planning, real estate, and hospitality. By providing street-level noise intelligence, the platform equips governments, businesses, and consumers with actionable insights that shape smarter, more sustainable environments.

Strategic Applications:

  • Urban Planning: Local governments utilize real-time and historical noise data to design quieter, more livable cities.
  • Real Estate: Prospective buyers and renters gain insights into noise conditions, enabling informed decisions about homes and office spaces.
  • Hospitality: Travelers choose quieter hotels and dining venues, enhancing customer satisfaction and operational efficiencies for businesses.
  • Public Policy: Noise-related complaints data drives evidence-based policy-making and urban development.

The Strategic Role of peaq in Silencio’s Vision

Silencio’s decision to build on peaq, a blockchain tailored for the Machine Economy, is innovative, and environmental data is captured and distributed. As the first fully on-chain DePIN project, Silencio exemplifies how decentralized infrastructure can operate at scale, leveraging peaq’s security, scalability, and seamless interoperability.

“Being the first fully on-chain DePIN project on peaq represents not just a technological milestone but also a new standard for how environmental data networks should operate,” said Thomas Messerer, CEO and Co-Founder of Silencio Network. “Our contributors are the backbone of this revolution, reshaping industries while being directly rewarded for their efforts.”

Powering Data Through Tokenized Rewards

At the core of Silencio’s ecosystem lies the $SLC token, governed by the BlockSound Foundation. $SLC serves as both a utility and incentive mechanism, rewarding contributors for data collection while enabling enterprises to access Silencio’s premium analytics tools. Here’s how $SLC integrates into the ecosystem:

  1. Incentives for Data Collection: Contributors can earn $SLC by capturing noise measurements and contributing to Silencio’s decentralized infrastructure.
  2. Access to Advanced Features: Enterprises use $SLC to unlock real-time analytics, enterprise-grade APIs, and advanced mapping tools.
  3. Monthly Community Raffle: Participants automatically enter a monthly raffle, where active contributors have a chance to win significant $SLC rewards, further incentivizing continued engagement and participation.

This token-driven model not only fosters user participation but also builds a self-sustaining ecosystem that ensures long-term scalability and growth.

Future Outlook: Beyond Noise Intelligence

Silencio’s vision doesn’t stop at noise data. The platform is already exploring new integrations to include other sensor types, such as air quality and public safety, aiming to build a multi-sensor environmental intelligence network that transforms how communities interact with their surroundings.

“Imagine a future where environmental data flows seamlessly into real estate listings, travel platforms, and municipal dashboards—empowering decisions without users even realizing it’s powered by Silencio,” added Messerer.

With this funding, Silencio is accelerating toward that vision, driving both Web3 adoption and global environmental impact.

For more information, users can visit silencio.network or explore on-chain activity at Dune Analytics.

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Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

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Massive DOGE Whale Activity Hints at $1 Breakout

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TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

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Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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