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Showing posts from March, 2023

‘The Five Pillars of the 21st Century’ According to Charles Hoskinson

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Blockchain and cryptocurrency expert Charles Hoskinson, CEO and founder of the blockchain research firm Input Output Hong Kong (IOHK) and creator of the blockchain platform Cardano, shares his insights on the five transformative technologies that will shape the 21st century. In a recently broadcasted live video entitled “The Five Pillars of the 21st Century,”  the founder of Cardano and a co-founder and former CEO of Ethereum, two of the world’s most popular cryptocurrency networks, talks a “bit more philosophical” about the next hundred years of humanity. According to Hoskinson, five technologies will define humanity’s future. The first on the list is Artificial Intelligence (AI), which he describes as the biggest technology because it enables the extension of cognition to the point of having synthetic cognition at a global scale. Hoskinson notes: There’s no way to beat AI. They won. Congratulations. The second technology is Quantum Computing, which Hos...

Derby Stars Integrates Chainlink

Derby Stars integrates Chainlink VRF to help randomize Horse Breeding. Derby Stars is a horse racing and nurturing game that integrates with Chainlink Verifiable Random Function (VRF) on the Polygon mainnet. By integrating the industry-leading decentralized oracle network, Derby Star now has access to a tamper-proof and auditable source of randomness. It helps randomize the horse breeding process. Ultimately this creates a more exciting and transparent user experience. Users can have stronger confidence that our NFT horse breeding mechanics use tamper-proof randomness. Derby Stars is a horse racing metaverse game where players can breed and trade horses. Players can train their horses through the in-game training system. Race against other players using the stats, talents, and skills of horses. To improve their horse’s performance during a race, players can feed them special treats, use items to bring out their hidden skills and train them to raise their level. If their horse wins firs...

If Shiba Inu Wants To Reach $0.01, What Should Its Market Cap Be?

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Shiba Inu is currently trading at $0.00001074 with a market cap of $6.3 billion. SHIB’s main goal is to delete the next three ‘zeroes’ and reach the $0.01 milestone turning the majority of present-day investors into millionaires. Reaching 1 cent is a herculean task considering the 589 trillion circulating supply that restricts its growth in the indices. Along with the never-ending supply, Shiba Inu also needs to dramatically increase its market cap share to reach $0.01. In addition, the dog-themed token needs to bring more investors into its fold to push itself towards the path of $0.01. All these developments play a crucial role in deciding if Shiba Inu can hit the 1-cent mark in the foreseeable future. If Shiba Inu needs to reach $0.01, its market cap must raise sharply and outperform Bitcoin and leading Fortune 500 companies. In this article, we will highlight what SHIB’s market cap should be to reach the $0.01 mark. Also Read: Shiba Inu: You Can Now Become a SHIB Mill...

MATIC Fails to Break Higher Despite Launch of Polygon zkEVM Mainnet

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The MATIC/USD pair traded within a narrow range between $1.03 and $1.09, with bulls unable to break the key resistance of $1.2.The lack of any major upside momentum could be attributed to a lack of investor interest in the altcoin markets, with Bitcoin dominating the cryptocurrency market in recent days. MATIC price chart: CoinMarketCap The launch of the Polygon zkEVM mainnet promises to bring scalability and privacy to Ethereum, which should help boost MATIC prices over time. However, for now, the MATIC/USD pair remains vulnerable to further downside pressure in the near term. The next key support level is seen at $0.8, while a break above $1.2 could potentially invalidate the bearish outlook and push prices higher toward the next resistance level of $1.5. Polygon opened the daily trading session trading in a horizontal channel, with the MATIC/USD pair struggling to break above $1.2. MATIC has formed lower highs at $1.09, with the price making unsuccessful attempts ...

Zero-knowledge proofs coming to Bitcoin, overhauling network state validation

Zero-knowledge proofs have powered the development of Ethereum layer 2s — and now they’re coming to Bitcoin. Bitcoin (BTC) users will soon be able to make use of zero-knowledge proofs (ZKPs) to expedite the process of verifying individual blocks and, eventually, the entire blockchain.  Swiss-based nonprofit ZeroSync Association is developing tooling which allows users to validate the state of the Bitcoin network without having to download the blockchain or trust a third party for verification. ZeroSync Association is an organization that was formed to develop and maintain open-source software that enables succinct zero-knowledge proofs (ZKPs) on the Bitcoin blockchain. The group makes use of StarkWare’s proprietary zero-knowledge Scalable Transparent Argument of Knowledge (zk-STARK) validity proofs to generate ZKPs for the Bitcoin network. The tool promises to overhaul the process of verifying the Bitcoin blockchain, which still requires node operators to download a large amount of d...

Tender.fi White Hat Hacker Returns $1.6 Million Loot for 62.15 ETH

Decentralized finance (DeFi) protocol Tender.fi has been made whole thanks to the hacker who returned $1.6 million that were exploited from the platform earlier this week. The white hat hacker noticed a glitch in Tender.fi’s pricing oracle, which allowed them to borrow a significant amount against a modest deposit. According to a post-mortem report published by Tender.fi earlier today, the DeFi lending protocol had upgraded its price feed to Chainlink’s price oracle on March 6, a day before the exploit. The new price feed derived the price of the GMX token from Chainlink, rather than a time-weighted average price (TWAP). The new code was reportedly audited by blockchain intelligence firm PeckShield. However, the Chainlink price oracle had a glitch, due to which the hacker was able to deposit one GMX token worth nearly $70 at the time and borrow a whopping $1.6 million against that deposit. A decimal error in the Solidity contract caused the contract to treat the 1 GMX colla...

With Judge's Ruling Impending in Ripple Case, Should Investors Buy XRP?

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The crypto community has been eagerly awaiting the final verdict in the SEC v. Ripple lawsuit. The case was initially filed by the regulatory agency back in December 2020. According to Attorney John E Deaton, the Judge’s ruling could come down “within the next few weeks.” In fact, he also pointed out that a ruling be passed as early as “this week” too. XRP has the most attractive risk/reward ratio IMO. The Judge’s ruling is coming down w/in the next few weeks (maybe this week). If the SEC wins, what’s the downside from .45? Ripple appeals and we get the status quo. Ripple wins and its made clear XRP isn’t a sec urity? Upside? — John E Deaton (@JohnEDeaton1) March 26, 2023 Also Read – Ripple’s Policy Director: ‘Clickbait Headlines’ From Regulators Is Not Enough Over the past few days, XRP has been defying the broader correction spree and has been registering green candles on its price charts. In fact, it emerged to be a top gainer a couple of times last week. Alongside...

NFT Sales Drop 5.4% to $193M, Ethereum Dominates with $107M in Sales: Weekly Recap

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Over the past week, statistics show non-fungible token (NFT) sales totaled $193.08 million, down 5.44% from the previous week. Ethereum dominated NFT sales with more than $107 million or 55% of all sales, while Solana-centric NFT sales recorded $26.3 million or 13% of sales in the same period. NFT Market Shows Signs of Slowdown With Declining Weekly Sales and Lower 30-Day Totals Non-fungible token sales, or NFT sales, fell 5.44% this week compared to last week, with $193.08 million in sales recorded across 19 different blockchains. Cryptoslam.io statistics indicate that 30-day sales are generally down, with total sales of $912.54 million, more than 29% lower than last month. The top five blockchains in terms of NFT sales this week were Ethereum ($107M), Solana ($26M), Polygon ($6M), Immutable X ($5.3M), and Cardano ($3.16M). Solana’s NFT sales increased by 37.16% this week, while Cardano’s NFT sales jumped 44.27% higher than the previous week. However, Ethereum, Polygon,...

Calvaria Introduces Staking System, Helping Secure Network and Provide Rewards to Users

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Join Our Telegram channel to stay up to date on breaking news coverage The immersive battle card strategy game – Calvaria – recently introduced a new staking system to help secure the network and reward its users with some additional tokens. The staking platform is now live while the P2E game continues to be under development, with a scheduled release expected at some point in Q2. Calvaria isn’t just any play-to-earn game seeking to help players earn an income. Instead, it intends to become an ambassador for crypto by attracting a wave of non-crypto natives into the Web3 play-to-earn ecosystem. Calvaria: A Battle Card Strategy Game Ready for Q2 Launch Calvaria is the latest exciting addition to the play-to-earn sector that lets players earn real-world rewards for participating in gameplay. The game is an immersive battle card strategy experience that is touted to become one of the best upcoming crypto projects in 2023. The flagship game behind Calvaria is c...

Is Love Hate Inu the Next Big Thing in Crypto? Experts Predict 100x Gains in 2023 – How to Buy Early? (LHINU)

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Join Our Telegram channel to stay up to date on breaking news coverage Love Hate Inu (LHINU) is a revolutionary project, taking the stage to solidify the narrative about meme coins. Over the years, this cohort has been paraded as the most promising asset class, increasing the chances of high returns on investment (ROI) over a short timeframe. After taking the stage, Love Hate Inu is poised to increase competition in this agile and dynamic space, rivaling contenders such as Dogecoin (DOGE) and Shiba Inu (SHIB), among others. The project made its presale debut several weeks ago and has already collected upwards of $1.4 million based on the latest update. Greetings #LoveHateInu gang! 👋 Fantastic news – we have exceeded $1.4 million! 🤑💰 A massive thank you to all of our incredible supporters! 🙌 🚀 Come and join us for more amusing #Memecoin excitement! 🤩https://t.co/Pu2Bo8XmK6#CryptoCommunity #AltCoins #Mem...

Ethereum price at $1.4K was a bargain, and a rally toward $2K looks like the next step

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ETH’s correlation with tech stocks, its increasing total value locked and its deflationary token economics all suggest that the path to $2,000 is programmed. Ether's price (ETH) reached $1,400 on March 10, which proved to be a bargain as the cryptocurrency rallied 27.1% until March 21, at the time of writing. However, the three reasons that supported the price gain, including correlation with tech stocks, its increasing total value locked and its deflationary token economics, all suggest that the path to $2,000 is set in stone.  There are numerous explanations for Ether's 19.4% decline over the past six months. The Shanghai hard fork upgrade was delayed from March to early April and after Shanghai, Ethereum's roadmap includes the "Surge," "Verge," "Purge," and "Splurge" updates. In reality, the longer these intermediate steps to achieve scalability take, the greater the likelihood that competing networks will demonstrate efficacy an...

Nigeria CBDC adoption spikes as fiat currency shortage grip the nation

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The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation. Nearly 18 months after launching its in-house central bank digital currency (CBDC), eNaira, Nigeria witnessed its massive adoption as national fiat reverses face severe shortages.  The acute Cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation. While developing nations were among the first to acknowledge the importance of a CBDC in revamping fiat capabilities, the idea is yet to materialize. However, in the case of Nigeria, the lack of physical cash forced citizens to opt for the eNaira. In a country where cash accounts for about 90% of transactions, the value of eNaira transactions increased 63% to $47.7 million (22 billion naira), revealed a Bloomberg report. Moreover, according to Godwin Emefiele, governor of the Central Bank of Nigeria, the total...

USDC-Supplier Circle Applies For License in France

The failure of the U.S. banking system took a toll on the prominent stablecoin USDC. As the asset lost its peg, its issuer, Circle noted that its reserves backing USDC were stuck at the Silicon Valley Bank. Despite this setback, the firm did not stop making progress. More recently, it was brought to light that Circle is seeking a license to enter the European market. The stablecoin issuer Circle has submitted applications to become a licensed e-money provider in France , as well as to register as a crypto provider. If the registration is successful, Circle will be allowed to sell its products to clients in France and “onshore” its stablecoin EUROC, according to the release. The firm is aiming to acquire a DASP registration. Companies that register must go through inspections on governance and anti-money laundering procedures in order to enter the French market. Additionally, the stablecoin issuer stated that it wants to establish France as a base for its expanded activities in ...