Month: May 2023

Ethereum’s Shanghai upgrade made it easier to detect criminals

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With its historic Merge event in September, Ethereum has become a proof-of-stake blockchain. The mechanism now used to confirm transactions relies on validators staking their Ether (ETH). Ethereum’s March upgrade, codenamed Shanghai, finally enabled stakers to withdraw their locked Ether.  The Ethereum ecosystem’s “investment themes” have included a) decentralized finance (DeFi) b) stablecoins c) Bitcoin (via wrapped versions of BTC) and d) non-fungible tokens (NFTs). With the upgrade, the network also began providing fixed-income assets. There are currently several ways people make money on or using Ethereum. Broadly, they can…

Turns out, it’s pretty difficult to insure crypto users and platforms

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Crypto insurance providers spend enormous amounts of time judging whether to provide coverage to a crypto company, and almost none of them offer assurances to individuals, insurance and crypto executives told Cointelegraph. Last year saw $3.9 billion stolen from crypto companies, decentralized finance platforms and users, a massive 22% rise from the prior year — and that’s only counting hacks and exploits. Some believe 2023 could be even worse. Raymond Zenkich, president of cryptocurrency insurance firm Evertas, told Cointelegraph that it’s a complicated process to initially assess the risks of…

Bitcoin reclaims $28K, and charts suggest ARB, XRP, EOS and AAVE could follow

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The United States looks to avoid a catastrophic debt default after the White House and the House Republicans agreed upon a tentative deal on May 27. The U.S. equities markets rallied in anticipation of the deal on May 26 and the positive sentiment has rubbed off onto the cryptocurrency sector, which is attempting a recovery. Buying is not limited to Bitcoin (BTC) alone as select altcoins are also showing signs of a short-term up-move. However, sustaining the rally at higher levels may prove to be difficult for the bulls. Crypto…

Bitcoin can bring ’cause and consequence into cyberspace’, boost security — Michael Saylor

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Bitcoin may be the answer to combat cybersecurity threats driven by artificial intelligence, such as deepfake, said Michael Saylor, executive chairman of MicroStrategy, during a recent interview with Kitco News. Saylor illustrated his views using social media accounts created by robots as an example. According to him, billions of fake accounts are behind a digital “civil war” in today’s society, stirring up hatred among real users of digital platforms. “The risk in cyberspace is I can spin up a billion fake people, and I can create a civil war by…

DigiToads stands out with unique utilities, dogecoin and shiba inu demand rising

Cryptocurrencies have recently seen a surge in popularity, with meme coins becoming particularly captivating for investors and enthusiasts. Dogecoin (DOGE) and Shiba Inu (SHIB) are examples of this trend. In today’s discussion, we will explore a new player in the meme coin market, known for its uses; DigiToads, which uses its token, TOADS. DigiToads DigiToads is similar to Dogecoin and Shiba Inu’s humorous and engaging nature, typical of meme coins. However, TOADS stands out due to its practicality. It was created as an ERC-20 token on the Ethereum network and has…

USDT market share jumps amid economic uncertainty, USDC shrinks

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The market dominance of stablecoins pegged to the United States dollar has undergone some changes over the past year. While most of them are in a downward trend, Tether (USDT) has climbed back to its all-time high, data from CoinGecko shows. In the past 12 months, Circle’s USD Coin (USDC) has seen its market share decline from 34.88% to 23.05% at the time of writing. Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the same period, while Dai (DAI) held its participation rate at 3.66%, down…

Municipal government in China releases blockchain white paper

A municipal government in Beijing, the capital of the People’s Republic of China and the hub for technological innovation, has unveiled plans to lead the development of web3 and blockchain. Beijing municipality government releases blockchain white paper Per local reports, the Beijing Municipal Science and Technology Commission, in collaboration with the Zhongguan Village Science and Technology Management Committee, unveiled the “Beijing Web 3.0 Innovation Development White Paper (2023)”.  Within the document was detailed information on the system analysis and elaboration of web3, the system structure, domestic and foreign development status,…

Polygon and uniswap prices are flat, InQubeta is positioned to rally

Investors in InQubeta (QUBE) are bullish, expecting substantial price increases this year, unlike holders of polygon (MATIC) and uniswap (UNI), whose portfolio values continue to decrease. InQubeta brings startups that focus on artificial intelligence (AI) and investors who only sometimes have access to traditional investment mediums together.  Investments in AI technology have grown significantly, with a total of $12.5b in 2015 and over $93b in 2021. More investors are recognizing the potential of AI and its ability to impact various industries greatly. This is becoming increasingly evident. InQubeta has positioned…

Bitcoin Ordinals ‘could look better’ on Cardano

In a recent YouTube AMA session, Charles Hoskinson declared that Cardano, a blockchain network, remains fully dedicated to decentralization. Ordinals functions better on Cardano During the AMA, the tech entrepreneur also suggested that Bitcoin Ordinals is best suited for Cardano since the blockchain, he claims, has a better ecosystem.  Ordinals involves a technology that allows “inscribing” each satoshi with a distinct label and extra details. Accordingly, each inscription is unique and can be traced in Bitcoin or any other network they have been inscribed in. Specifically, Ordinals allow users to store various…

InQubeta stands out from altcoins like VeChain and Harmony

InQubeta, an AI-based project, has created a buzz in the crypto market. Its presale is doing well such that altcoin whales from vechain (VET) and harmony (ONE) are exploring the project.  What’s the reason behind this shift? Staking QUBE: a win-win for investors and AI start-ups Investors who stake QUBE on the InQubeta platform can enjoy various benefits. This is an option for those seeking to increase their returns while supporting the growth and success of AI technology start-ups. You can earn rewards from the dedicated reward pool when you…