Month: January 2023

Cardano (ADA) to Launch Eopsin – a Pythonic Programming Language, Robinhood to Add Dogecoin (DOGE) Support Soon, Snowfall Protocol (SNW) Announces Its Release in February

Place/Date: – January 25th, 2023 at 2:05 pm UTC · 4 min read Source: Snowfall Protocol The cryptocurrency market is in a state of flux as we enter 2023. With new developments and announcements being made on a regular basis, it can be difficult to keep track of the latest happenings in the crypto world. However, three projects that are currently making waves in the crypto community are Cardano (ADA), Dogecoin (DOGE), and Snowfall Protocol (SNW). Cardano (ADA) Introduces Eopsin to Make dApp Development Seamless Cardano (ADA) is making waves…

Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption

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Injective, a layer-1 blockchain protocol founded in 2018, has launched a $150 million ecosystem fund to support developers building on the Cosmos network. The so-called ecosystem group is backed by a large consortium of venture capital and Web3 firms, including Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, IDG Capital, Gate Labs and Flow Traders. According to Injective, the consortium is the largest assembled within the broader Cosmos ecosystem. Developers selected for the fund will receive support through “bespoke token and equity investments,” in addition to mentorship, technical…

Pantera, Jump Crypto Back $150M Injective Ecosystem Fund

Injective-based apps cover a range of financial verticals, including exchanges, options, derivatives and lending. The initiative will support projects that focus on interoperability, DeFi, trading, proof-of-stake (PoS) infrastructure and scalability solutions. Other backers include Gate Labs, Flow Traders, IDG Capital and Kraken Ventures. Source

Microsoft Restores Services to Teams after Suffering Cloud Outage

Microsoft is currently in the crosshairs at the time as its stock price is likely to trail a downtrend following the release of previous quarter earnings. Following the report from different users that applications from American multinational technology giant Microsoft Corporation (NASDAQ: MSFT) are down, the company has announced that it has taken a proactive step to resolve the cloud outage. The company gave the confirmation on Twitter when it said it has rolled back a network change that it believes was causing the disruption. According to DownDetector, a platform…

Tesla Foresees Slowest Sales Growth in Three Years

The early impact of Tesla cutting prices on its products was that Chinese EV manufacturers also dropped the costs of their vehicles. Electric vehicle (EV) maker Tesla Inc (NASDAQ: TSLA) will deliver the slowest sales growth in 10 quarters during its earnings announcement on the 25th of January. The company has experienced lower deliveries, which could contribute to reduced sales growth. This comes as the EV giant cut prices on its electric cars to trigger consumer demand and restrict competition. Recently, Tesla issued huge discounts on its vehicles and has…

ASML Posts Q4 2022 Earnings Forecast, Beats Estimates on Revenue & Net Profit

Leading European tech company ASML has given higher guidance for its 2023 outing following a sound Q4 2022 earnings report.  Advanced Semiconductor Materials Lithography (ASML) recently posted its Q4 2022 financial report, which beat the earnings forecast for the period. Europe’s largest technology company raked in 6.43 billion euros for the period that ended December 31st. Meanwhile, analysts were expecting a revenue haul of 6.38 billion euros for the fourth quarter of last year. ASML also reported a Q4 2022 net profit of 1.82 billion euros compared to the consensus…

1inch Foundation Allocates 10 Million Tokens To The Delegation Incentive Program

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1inch Network, a DEX aggregating platform, has allocated 10 million INCH tokens to its Delegation Incentive Program, a press release on January 24 shows. The goal is to incentivize more 1INCH stakers to delegate their Unicorn Power to resolvers. Incentivize 1inch Stakers’ Delegation To Resolvers 1inch Network wants to increase the number of resolvers within its platform. Accordingly, it launched the 1inch Resolver Incentive Program in December 2022. The program’s goal was to compensate resolvers for the cost of gas they pay when they fill in user orders.  As part of…

ETH Falls Below $1,600 as Relative Strength Sinks – Market Updates Bitcoin News

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Ethereum moved below $1,600 on Jan. 25, with bears selling previously overbought cryptocurrencies. After days of uncertainty, sentiment shifted in crypto markets, with a red wave washing away recent bulls. Bitcoin also dropped below $23,000 as a result of today’s sell-off. Bitcoin Bitcoin (BTC) fell below the $23,000 level on Wednesday, as a red wave swept through cryptocurrency markets. Following a high of $23,048.18 on Tuesday, BTC/USD hit an intraday low of $22,406.08 earlier in today’s session. As a result of today’s drop in price, bitcoin fell to its weakest…

Why less may be more when building Web3

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To build secure and resilient Web3 systems, transparency alone is not enough. By placing greater emphasis on simplicity, we can make the peer-review of code more effective and minimize security breaches in the Web3 space. The rise and fall of security through obscurity We are used to the intuitive idea that security is somehow intertwined with secrecy. We keep our passwords secret and our valuables hidden. For decades, software engineers followed a similar approach to cybersecurity. The source code of computer software was kept private. In the event of a…

UK Bitcoin community reacts to incoming CBDC and digital pound rollout

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The UK Government’s economic and finance ministry, HM Treasury, is recruiting for a Head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as “Important, complex, and cross-cutting” and will “require extensive engagement across and beyond the HM Treasury.” According to the Linkedin post, the Treasury and the Bank of England are working together through the CBDC Taskforce to explore the case for a digital pound. The role of the Head of CBDC may bring the UK government closer to its…