Browsing: Cryptocurrency news

Cosmos (ATOM) is a young cryptocurrency and a formidable rival to the well-liked Ethereum smart contract technology, which gives programmers the ability to build autonomous blockchains with a wide range of customization options. When the top Ethereum-powered futures contracts exchange, dYdX, announced its ambitions to build its own standalone blockchain network on Vosmos in 2022, a number of projects moved to the Cosmos ecosystem. Leading figures in the cryptocurrency sector, including Bain Capital, 1Confirmation, and Paradigm, have made large investments in Cosmos. But even with its enormous popularity and success, is Cosmos still a wise investment for traders in 2023?…

Leading cryptocurrency Monero (XMR), which focuses on anonymity, has progressively gained popularity in the world of virtual money. Both mainstream investors and crypto enthusiasts are interested in it because of its growing usage. The distinctive qualities of Monero, which prioritize user privacy and anonymity, are the cause of this increased interest. This article goes into great length on the world of Monero and the various people and organizations that have adopted this coin. Monero has found its niche among those who value discretion and security in their digital economic exchanges, from privacy-conscious people seeking financial autonomy to organizations safeguarding critical…

The heart of Dogelon Mars is exploration and growth. The presence of gripping comics sets it apart from its rivals. Dogelon Mars is a flourishing community that attracts more than 650K X (previously Twitter) users. The enigmatic and daring topic has attracted a lot of user interaction in the form of comments, likes, and shares. Investors have also become intrigued by the cryptocurrency boom and frequently ponder the question, “How high can Dogelon Mars go in 2023?” Dogelon Mars has only been in orbit for two years. Like the Shiba Inu cryptocurrency, Dogelon Mars is a member of the Dog…

Following the hacking of some of its user accounts and the use of those accounts to execute unauthorised trades, cryptocurrency trading bot provider 3Commas is now on high alert. 3Commas co-founder and CEO Yuriy Sorokin wrote in a blog post on October 8 that the business had received information from customers concerning unauthorized trades occurring on their accounts after they had changed their passwords. Only a small number of client accounts were compromised, according to an inquiry, although 3Commas declined to say how many people were impacted. According to 3Commas, the majority of the accounts with unauthorized trades did not…

During a Monday legislative hearing, Italian central banker Piero Cipollone defended the idea of a digital euro. When Panetta leaves the European Central Bank (ECB)’s executive board in November, Cipollone is asking for permission to take over as the institution’s top official in charge of central bank digital currency (CBDC), Fabio Panetta. Cipollone, who has served as the deputy governor of the Bank of Italy since 2020, is the only applicant for the role. His Monday comments imply that he won’t veer far from the current ECB digital currency policies. A digital euro would “reinforce the ability to pay with…

The Ukrainian Ministry of Digital Transformation unveiled its artificial intelligence (AI) regulatory road map on October 7. The roadmap, which was made public on the ministry’s website, intends to help local firms get ready for the passage of a law similar to the EU’s AI Act and to inform residents about how to protect themselves from potential AI hazards. The roadmap advocates a step-by-step movement from less to more and is built on a bottom-up methodology. Before any legislation are put into effect, it also plans on giving businesses the resources they need to prepare for upcoming legislative needs. An…

Surf Reward’s ($SURF) advertising browser extension has made a ground-breaking move by rocketing to an astonishing $125,000 in funding not long after launching. With the novel Surf-2-Earn concept offered by Surf Reward, users may earn money by viewing adverts as they browse the internet. By using a browser plugin, this innovative ecosystem replaces standard advertisements with customised ones from its advertising partners. Surf Reward stands apart from other ad platforms because it distributes a sizable portion of its advertising money to viewers rather than retaining it. This strategy makes sure that the $SURF token’s value continues to increase over time.…

Businesses operating in the metaverse have not had the best of times in the year 2022. The Reality Labs business of Meta lost $13.72 billion during this time. Then, in the first quarter of 2023, there was an additional $3.99 billion loss. The potential of laying off the staff exists. Despite producing a few amusing parodies, Meta’s virtual world, Horizon Worlds, struggles to stay active and viable. There are other things in the metaverse besides Meta. Businesses are now reluctant to enter the virtual and interoperable sector as a result of its inaccurate appraisal of the metaverse concept, which has…

On October 10, the developer course feature of OpenBuild, a Web3 developer community, will go live. Strategic alliances between the platform and initiatives and communities like Consensys, Chainlink, Conflux, 852dev, Aya, and Denglian have already been formed. 22 systematic developer classes in the first group will cover a range of technical topics, such as Solidity, ZK, Move, and Solana. The following phase will see the introduction of more open-source systematic courses. Bounty and employment capabilities will also soon be available, encouraging additional business partnerships between demand-side partners and developers. Developers can receive incentives based on their development skills, which contributes…

23pds, SlowMist’s chief information security officer, recently tweeted about the rise in DNS hijacking occurrences. Both Balancer and Galxe have fallen victim to takeover attempts. Many businesses are vulnerable to subdomain hijacking, it was found after studying over 6 million DNS records, A records, and CNAMEs pointing to cloud infrastructure. Due to the 21% of DNS records that refer to unresolved material, firms may be vulnerable to subdomain and domain hijacking. To fend off attacks, cryptocurrency businesses are recommended to exercise caution and pick well-known domain registrars.

On October 5, the European Union’s market watchdog, the European Securities and Markets Authority (ESMA), published a second consultative paper on Markets in Crypto-Assets (MiCA) mandates. The ESMA asks for stakeholders’ opinions on five MiCA topics in the 307-page document, including sustainability indicators for distributed ledgers, disclosures of inside information, technical specifications for white papers, trade transparency measures, and record-keeping for crypto-asset service providers (CASPs). The authority includes quantitative measurements on energy use, greenhouse gas emissions, and waste creation in its list of sustainability indicators, along with a qualitative assessment of the effects of equipment use by blockchain network nodes…

According to a recent Nansen analysis, Stride, a protocol built on the Cosmos ecosystem, presently controls more than 80% of the ecosystem’s market share. Stride’s governance token, STRD, has had a 330% growth year to date despite the market’s continuing downward trend, outperforming both Ethereum (ETH) and Lido’s native token (LDO) in terms of price performance. Stride competes with Lido, a market leader in liquid staking derivatives (LSD). According to the research, STRD has a market valuation of over $72.29 million, an FDV of about $82.58 million, and a TVL/FDV ratio of just 2.1. Given its genuine yield revenues to…

Avalanche newcomer Earlier afternoon, hackers used a smart contract that helped protect tokens on the social platform to drain Stars Arena of nearly all their cash. Avalanche’s AVAX tokens were depleted for about $3 million, leaving Stars Arena with little under $1 after the attacker. User @0xLawliette of X, formerly known as Twitter, appeared to have initially alerted to the vulnerability on Saturday AM in Asia, but yesterday, @0xlilitch issued a security alert. Avalanche community members rapidly adopted Stars Arena after its less than one-week-old launch, and some of them have even made up to 1,000 AVAX in trading fees…

Smart investors are constantly looking for the next excellent cryptocurrency to buy as the crypto market changes. Among the wide range of tokens available, a few gems valued under $0.10 are demonstrating not just promise but also the possibility of a return of up to 150 times their worth. Three of these leading altcoins—InQubeta ($QUBE), Vechain, and Borroe.Finance—are highlighted in this article. Each of these projects offers a distinct value proposition, supported by a solid utility and a distinct vision. Connecting Investors with AI Innovations with InQubeta ($QUBE) InQubeta’s mission is at the top of our ranking since it is…

On October 6, Elon Musk streamed himself playing the well-known online action role-playing game Diablo 4 for 50 minutes to test video game broadcasting on the X platform, formerly known as Twitter. Musk discussed the objectives for the feature, which is still under development, during the stream and expressed pleasure with the work that has been done by the developers thus far. Musk responded to queries from users and expanded on what X is striving for, revealing that the platform would soon feature streaming for Xbox One and PlayStation 5. He emphasized that although specialty applications might still be superior…

With over $300 million in damages, September has emerged as the most lucrative month for cryptocurrency attacks in decentralised finance (DeFi) in 2023. The Mixin Network incident on September 23, when the Hong Kong-based decentralised cross-chain transfer protocol lost $200 million owing to a compromise of its cloud service provider, was the largest contributor to the month’s totals, according to blockchain security firm CertiK. Other DeFi news includes Yield Protocol’s announcement that it will close before the end of the year due to a lack of commercial demand and external regulatory pressures. After the December 2023 series expires, which is…

Following the Merge and Shanghai upgrades, JPMorgan has raised concern over the centralization and decreased staking yields in the Ethereum network. The bank stated in a study report that more ETH staking has resulted in a more centralised network and a decline in total staking yield. According to the report, Lido, a decentralized liquid staking platform, is preferred by many members of the cryptocurrency ecosystem over centralized liquid staking platforms linked to centralized exchanges. To address centralization issues and prevent any one operator from owning a significant portion of the staked ether, Lido has been increasing the number of node…

A trader on Taiwan’s MaiCoin Max cryptocurrency platform has won the nation’s monthly tax receipt lottery for 10 million NTD ($310,000). The “Uniform Invoice Lottery” mandates that merchants with a specific level of revenue give customers an official receipt that also serves as a lottery ticket number. The tax authorities receive a digital copy of the receipt as well. They then conduct a monthly drawing for cash rewards, with the top prize being 10 million NTD ($310,000). Since every deal made on MaiCoin’s platform generates taxable profit and service fees, it is subject to this lottery system. MaiCoin is Taiwan’s…

With its cryptocurrency-powered software, Blackbird Labs connects eateries and customers. The company has raised $24 million in a succession of funding rounds. the venture capital firm Andreessen Horowitz (a16z), which spearheaded the funding round. Customers can create a non-fungible token (NFT) membership using the app by touching their phone on an NFC scanner, which is built on Coinbase’s Layer-2 Base blockchain. Blackbird memberships come with prizes and insider benefits like SMS concierge and off-menu goodies. Ben Leventhal, the project’s CEO and co-founder of the dining network Resy, is one of the reasons why it has attracted attention from the general…

Blockticity, a blockchain business, has created certificates on layer 1 Avalanche for products valued at $275 million. Hemp, hallucinogenic mushrooms, and kratom are all used in the first stage of minting. Through its Certificate of Analysis (COA) non-fungible token (NFT) verification mechanism, Blockticity offers certifications of authenticity for belongings. The first minting is for the ACS Laboratory, which conducts potency tests on hemp and cannabis products and verifies that they are free of pesticides and toxins. With the certifications, fraudsters will not be able to utilise the COAs by altering data or tampering with the QR code since users will…