The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 billion. The TVL in defi has fallen by 2.24% over the last 24 hours. During that same timeframe, the top smart contract token economy lost 3.7% against the U.S. dollar.
Cryptocurrency prices are down this weekend, affecting the values of smart contract tokens and the total value locked in defi. At the time of writing, the smart contract token economy is valued at $326.11 billion, but has dropped 3.7% during the last day. Over the last week, ethereum (ETH) has lost 5.6% against the greenback, and polygon (MATIC) has dropped 17.6% in value.
Currently, the TVL in defi today is $49.8 billion, with 18.03% of that value residing in the Lido liquid staking protocol. The value locked in Lido today is around $8.75 billion, up 8.43% over the last month. Makerdao, Curve, Aave, Convex Finance, Uniswap, Justlend, Pancakeswap, Instadapp, and Compound Finance follow Lido in order. Besides Lido’s 8.43% rise, Uniswap had the second-largest 30-day increase with 6.43%.
As of Feb. 25, 2023, Ethereum has the largest TVL out of all the blockchains, dominating by 58.45%. Tron follows with 10.64%, Binance Smart Chain (BSC) with 10.01%, Arbitrum with 3.89%, and Polygon with 2.36%. All five of these blockchains capture 85.35% of the aggregate value locked in decentralized finance on Saturday. Out of the top ten blockchains in terms of TVL size, only Arbitrum saw increases, with the TVL rising 9.39% last week and 60.87% over the last month.
Among the top ten smart contract coins, Polygon had the largest drop this week, at 17.6%. In terms of the entire smart contract token economy, the biggest gainer this week was stacks (STX), which rose 102.5%. The second-biggest smart contract coin gainer was kylin network (KYL), which rose 69.1% against the greenback. The two biggest losers over the last seven days in terms of smart contract tokens were astar (ASTR), which lost 26.2%, and shiden network, which shed 23.9% this week.
What do you think caused the recent slide in cryptocurrency prices, and how do you think it will affect the future of decentralized finance markets? Share your thoughts in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo and widget credit: TradingView / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked (TVL) in decentralized finance (defi) has slipped below the $50 billion mark to $49.8 billion. The TVL in defi has fallen by 2.24% over the last 24 hours. During that same timeframe, the top smart contract token economy lost 3.7% against the U.S. dollar.
Cryptocurrency prices are down this weekend, affecting the values of smart contract tokens and the total value locked in defi. At the time of writing, the smart contract token economy is valued at $326.11 billion, but has dropped 3.7% during the last day. Over the last week, ethereum (ETH) has lost 5.6% against the greenback, and polygon (MATIC) has dropped 17.6% in value.
Currently, the TVL in defi today is $49.8 billion, with 18.03% of that value residing in the Lido liquid staking protocol. The value locked in Lido today is around $8.75 billion, up 8.43% over the last month. Makerdao, Curve, Aave, Convex Finance, Uniswap, Justlend, Pancakeswap, Instadapp, and Compound Finance follow Lido in order. Besides Lido’s 8.43% rise, Uniswap had the second-largest 30-day increase with 6.43%.
As of Feb. 25, 2023, Ethereum has the largest TVL out of all the blockchains, dominating by 58.45%. Tron follows with 10.64%, Binance Smart Chain (BSC) with 10.01%, Arbitrum with 3.89%, and Polygon with 2.36%. All five of these blockchains capture 85.35% of the aggregate value locked in decentralized finance on Saturday. Out of the top ten blockchains in terms of TVL size, only Arbitrum saw increases, with the TVL rising 9.39% last week and 60.87% over the last month.
Among the top ten smart contract coins, Polygon had the largest drop this week, at 17.6%. In terms of the entire smart contract token economy, the biggest gainer this week was stacks (STX), which rose 102.5%. The second-biggest smart contract coin gainer was kylin network (KYL), which rose 69.1% against the greenback. The two biggest losers over the last seven days in terms of smart contract tokens were astar (ASTR), which lost 26.2%, and shiden network, which shed 23.9% this week.
What do you think caused the recent slide in cryptocurrency prices, and how do you think it will affect the future of decentralized finance markets? Share your thoughts in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo and widget credit: TradingView / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion hashes and surpassing the 40 trillion mark for the first time ever. The network’s difficulty increased by 9.95%, which is the second-largest rise this year, as Bitcoin recorded a combined 24.89% increase during the last 60 days.
It has never been harder to mine bitcoin (BTC) than it is today, as miners have experienced a 9.95% difficulty increase at block height #778,176. Now and for the next two weeks, or approximately 2,016 blocks, the difficulty will be 43.05 trillion. The network’s average hashrate over the last 2,016 blocks was roughly 305.8 exahash per second (EH/s).
The 9.95% increase on Friday was the second-largest jump in difficulty this year, as the largest was recorded on Jan. 15, 2023, at block height #772,128. At that time, the difficulty rose 10.26% higher than the previous difficulty metric. The next difficulty change is due on or around March 9, 2023, and presently, block times have been much longer than the 10-minute average.
The average block time before the difficulty change on Friday was around 9 minutes and 11 seconds, and today, block times are between 12 and 14 minutes in length. The lengthier block time shows that the recent difficulty change has slowed miners down. On Saturday, Feb. 25, 2023, the network’s global hashrate is coasting along at values between 294.91 EH/s and 238.44 EH/s.
On Saturday, the largest mining pool in terms of hashrate is Foundry USA with 103.18 EH/s or 34.88% of the network’s total hashpower. Foundry is followed by Antpool, which commands 15.81% of the total or roughly 46.77 EH/s of hashpower. Foundry and Antpool are followed by F2pool, Binance Pool, and Viabtc, respectively. Over the last three days, 13 known pools and 15.13 EH/s of unknown hashpower collectively discovered 430 blocks in total.
What do you think about Bitcoin’s network difficulty rising to a new ATH above the 40 trillion mark? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion hashes and surpassing the 40 trillion mark for the first time ever. The network’s difficulty increased by 9.95%, which is the second-largest rise this year, as Bitcoin recorded a combined 24.89% increase during the last 60 days.
It has never been harder to mine bitcoin (BTC) than it is today, as miners have experienced a 9.95% difficulty increase at block height #778,176. Now and for the next two weeks, or approximately 2,016 blocks, the difficulty will be 43.05 trillion. The network’s average hashrate over the last 2,016 blocks was roughly 305.8 exahash per second (EH/s).
The 9.95% increase on Friday was the second-largest jump in difficulty this year, as the largest was recorded on Jan. 15, 2023, at block height #772,128. At that time, the difficulty rose 10.26% higher than the previous difficulty metric. The next difficulty change is due on or around March 9, 2023, and presently, block times have been much longer than the 10-minute average.
The average block time before the difficulty change on Friday was around 9 minutes and 11 seconds, and today, block times are between 12 and 14 minutes in length. The lengthier block time shows that the recent difficulty change has slowed miners down. On Saturday, Feb. 25, 2023, the network’s global hashrate is coasting along at values between 294.91 EH/s and 238.44 EH/s.
On Saturday, the largest mining pool in terms of hashrate is Foundry USA with 103.18 EH/s or 34.88% of the network’s total hashpower. Foundry is followed by Antpool, which commands 15.81% of the total or roughly 46.77 EH/s of hashpower. Foundry and Antpool are followed by F2pool, Binance Pool, and Viabtc, respectively. Over the last three days, 13 known pools and 15.13 EH/s of unknown hashpower collectively discovered 430 blocks in total.
What do you think about Bitcoin’s network difficulty rising to a new ATH above the 40 trillion mark? Let us know what you think about this subject in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. Barcelona, Spain, 24th February, 2023: Elemental Raiders, is launching a $35,000 in-game, completely free-to-participate and free-to-play tournament. Several ecosystem partners of Games for a living and Elemental Raiders including launchpads Seedify, guilds such as YGG as well as partners such as esports giants Team Queso aim to co-promote this tournament.
Games for a living, the parent company of Elemental Raiders, is also a game publisher and a blockchain gaming platform. Ahead of its IGO launch on Seedify in Q1 2023, Elemental Raiders has partnered with several guilds such as YGG and other ecosystem partners to co-promote the tournament.
The Games for a living founding team commented that they see that the tournament series runs for one week, and it gives everyone a great opportunity and a step towards bringing mainstream adoption to an enhanced model of “freemium” games, combining the best elements of Web2 and Web3.
“We saw an opportunity to build an inroad with mainstream gamers, and also attract the Web3 or crypto gamers to a game that focuses on gameplay, is completely free-to-play, free to participate, and equally rewarding,” said Adria Mir, the gaming and blockchain expert at Games for a living. “We see this as a massive opportunity to begin to educate conventional as well as the Web3 gamers on a next gen tech, with better and guaranteed economic incentives as well as exciting gameplay.”
Elemental Raiders is a completely free-to-play RPG based game, also live on Steam. Users can download the game here. However, those interested in participating in the $35,000 giveaway tournament will only be able to play through Games for a living’s Launcher and must have an account on gamesforaliving.com (PC or Mac) through which they can access the tournament in-game section.
The reward distribution is categorised between BUSD, GFAL tokens as well as rare skins, NFTs and Elemental Crystals within the game Elemental Raiders. All heroes for players participating in the tournament are to be unlocked and at their highest level (only in the Tournament mode), to ensure fair play of competition for new gamers as well as the existing Elemental Raiders players.
The tournament and the participants will be ranked through a leaderboard style format, allowing players to play an unlimited number of matches through the duration of the tournament.
The player vs player (PvP) style competition aims to run for a week, starting Tuesday, March 2nd, 2023 at 3:00 pm UTC to March 8th, 2023 at 3:00 pm UTC.
“We want to leverage this opportunity ahead of the Elemental Raiders Play-to-earn launch in March 2023 to not only educate users on the blockchain gaming and NFTs market, but also invite gamers who don’t necessarily understand blockchain, or find it too complicated. This is why we have created a gaming ecosystem that includes the monetary and non-monetary rewards for both parties”, Elemental Raiders team said. “So we’re building a lot of educational bridges and ironing out the technicalities between Web3 and Web2 gaming”.
Elemental Raiders launched its completely free-to-play version of the game on the world’s biggest gaming marketplace, Steam in Q4 2022. With over 75% positive reviews, it is set to introduce an earning mechanism within the game where players can monetise the time they spend on playing the game by minting their hard earned skills and skins into NFTs and sell or trade them in Games for a living’s Marketplace.
“This tournament is a great way for us to take in more data, analytics and feedback on how we can keep improving the game, making it more realistic and removing the technical barriers for both Web3 and Web2 users,” Adria said. “We want to show the world that blockchain is a lot more than just play-to-earn”.
Those interested in participating in the tournament can click here.
For media enquiries, please contact: gary@d-verse.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale
Grayscale Investments' CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is 'a Matter of When and Not ... read more.
PRESS RELEASE. Barcelona, Spain, 24th February, 2023: Elemental Raiders, is launching a $35,000 in-game, completely free-to-participate and free-to-play tournament. Several ecosystem partners of Games for a living and Elemental Raiders including launchpads Seedify, guilds such as YGG as well as partners such as esports giants Team Queso aim to co-promote this tournament.
Games for a living, the parent company of Elemental Raiders, is also a game publisher and a blockchain gaming platform. Ahead of its IGO launch on Seedify in Q1 2023, Elemental Raiders has partnered with several guilds such as YGG and other ecosystem partners to co-promote the tournament.
The Games for a living founding team commented that they see that the tournament series runs for one week, and it gives everyone a great opportunity and a step towards bringing mainstream adoption to an enhanced model of “freemium” games, combining the best elements of Web2 and Web3.
“We saw an opportunity to build an inroad with mainstream gamers, and also attract the Web3 or crypto gamers to a game that focuses on gameplay, is completely free-to-play, free to participate, and equally rewarding,” said Adria Mir, the gaming and blockchain expert at Games for a living. “We see this as a massive opportunity to begin to educate conventional as well as the Web3 gamers on a next gen tech, with better and guaranteed economic incentives as well as exciting gameplay.”
Elemental Raiders is a completely free-to-play RPG based game, also live on Steam. Users can download the game here. However, those interested in participating in the $35,000 giveaway tournament will only be able to play through Games for a living’s Launcher and must have an account on gamesforaliving.com (PC or Mac) through which they can access the tournament in-game section.
The reward distribution is categorised between BUSD, GFAL tokens as well as rare skins, NFTs and Elemental Crystals within the game Elemental Raiders. All heroes for players participating in the tournament are to be unlocked and at their highest level (only in the Tournament mode), to ensure fair play of competition for new gamers as well as the existing Elemental Raiders players.
The tournament and the participants will be ranked through a leaderboard style format, allowing players to play an unlimited number of matches through the duration of the tournament.
The player vs player (PvP) style competition aims to run for a week, starting Tuesday, March 2nd, 2023 at 3:00 pm UTC to March 8th, 2023 at 3:00 pm UTC.
“We want to leverage this opportunity ahead of the Elemental Raiders Play-to-earn launch in March 2023 to not only educate users on the blockchain gaming and NFTs market, but also invite gamers who don’t necessarily understand blockchain, or find it too complicated. This is why we have created a gaming ecosystem that includes the monetary and non-monetary rewards for both parties”, Elemental Raiders team said. “So we’re building a lot of educational bridges and ironing out the technicalities between Web3 and Web2 gaming”.
Elemental Raiders launched its completely free-to-play version of the game on the world’s biggest gaming marketplace, Steam in Q4 2022. With over 75% positive reviews, it is set to introduce an earning mechanism within the game where players can monetise the time they spend on playing the game by minting their hard earned skills and skins into NFTs and sell or trade them in Games for a living’s Marketplace.
“This tournament is a great way for us to take in more data, analytics and feedback on how we can keep improving the game, making it more realistic and removing the technical barriers for both Web3 and Web2 users,” Adria said. “We want to show the world that blockchain is a lot more than just play-to-earn”.
Those interested in participating in the tournament can click here.
For media enquiries, please contact: gary@d-verse.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale
Grayscale Investments' CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is 'a Matter of When and Not ... read more.
PRESS RELEASE. Dubai, Feb 23: The layer-1 for data, Flare, just completed a live demonstration of new interoperability functionality now available in beta on the network. Using two core interoperability protocols, State Connector and Flare Time Series Oracle (FTSO), an NFT was trustlessly purchased with the transaction taking place on a different chain using a different token. The demo was performed on Flare’s canary network, Songbird, with the purchase made using DOGE and XRP tokens.
Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with EVM-based smart contracts on Flare chains. In this case, it has been used to prove that a transaction has been confirmed on a non-Flare chain and simultaneously verify the correct payment reference was included.
The Flare Time Series Oracle delivers highly decentralized price and data feeds to dapps on Flare, without relying on a centralized provider to bring the data on-chain. For the demonstration, it provides the live updating price of the NFT in the currency of the other chain.
As Flare is an EVM-based blockchain, everything that can be achieved on Ethereum and other EVM chains can also be performed on Flare. The NFTs minted in the demo are therefore standard ERC721 contracts written in Solidity and deployed on the network. The only changes required were the addition of methods to integrate with the FTSO and State Connector.
Hugo Philion, Flare CEO & Co-founder, said, “This demo highlights Flare’s ability to provide more types of secure, decentralized data on-chain in order to power new functionality and potential use cases for the industry. The NFT demo is one example of the web3 utility Flare can unlock for legacy tokens, enabling them to be used trustlessly in dapps on the network. We are excited to see what other applications engineers can develop, harnessing the capabilities of Flare’s native interoperability protocols.”
Demo Video: https://www.youtube.com/watch?v=g0qxxm2EZjw
About Flare
Flare is an EVM-based Layer 1 blockchain that gives developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing apps to serve multiple chains through a single deployment.
Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with smart contracts on Flare.
The Flare Time Series Oracle delivers highly-decentralized price and data feeds to dapps on Flare, without relying on centralized providers.
Build on Flare with more data than ever before or build with Flare to serve multiple ecosystems.
Website | Twitter | Telegram | Discord
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale
Grayscale Investments' CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is 'a Matter of When and Not ... read more.
PRESS RELEASE. Dubai, Feb 23: The layer-1 for data, Flare, just completed a live demonstration of new interoperability functionality now available in beta on the network. Using two core interoperability protocols, State Connector and Flare Time Series Oracle (FTSO), an NFT was trustlessly purchased with the transaction taking place on a different chain using a different token. The demo was performed on Flare’s canary network, Songbird, with the purchase made using DOGE and XRP tokens.
Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with EVM-based smart contracts on Flare chains. In this case, it has been used to prove that a transaction has been confirmed on a non-Flare chain and simultaneously verify the correct payment reference was included.
The Flare Time Series Oracle delivers highly decentralized price and data feeds to dapps on Flare, without relying on a centralized provider to bring the data on-chain. For the demonstration, it provides the live updating price of the NFT in the currency of the other chain.
As Flare is an EVM-based blockchain, everything that can be achieved on Ethereum and other EVM chains can also be performed on Flare. The NFTs minted in the demo are therefore standard ERC721 contracts written in Solidity and deployed on the network. The only changes required were the addition of methods to integrate with the FTSO and State Connector.
Hugo Philion, Flare CEO & Co-founder, said, “This demo highlights Flare’s ability to provide more types of secure, decentralized data on-chain in order to power new functionality and potential use cases for the industry. The NFT demo is one example of the web3 utility Flare can unlock for legacy tokens, enabling them to be used trustlessly in dapps on the network. We are excited to see what other applications engineers can develop, harnessing the capabilities of Flare’s native interoperability protocols.”
Demo Video: https://www.youtube.com/watch?v=g0qxxm2EZjw
About Flare
Flare is an EVM-based Layer 1 blockchain that gives developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing apps to serve multiple chains through a single deployment.
Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with smart contracts on Flare.
The Flare Time Series Oracle delivers highly-decentralized price and data feeds to dapps on Flare, without relying on centralized providers.
Build on Flare with more data than ever before or build with Flare to serve multiple ecosystems.
Website | Twitter | Telegram | Discord
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale
Grayscale Investments' CEO explains that the U.S. Securities and Exchange Commission (SEC) could potentially violate the Administrative Procedure Act by not approving a spot bitcoin exchange-traded fund (ETF). SEC Approving Spot Bitcoin ETF Is 'a Matter of When and Not ... read more.
PRESS RELEASE. The new partnership between SIMBA Chain and Alitheon brings real-time tracking of digitized physical goods across their entire life cycle.
SIMBA Chain, the builder of Blocks, an enterprise-grade platform that abstracts the complexities of blockchain development to make the innovative technology more accessible across multiple blockchains and services, today announces the integration of Alitheon, the provider of FeaturePrint®, the machine-vision based solution for authentication and traceability of physical goods.
The go-to-market partnering agreement enables Alitheon to provide its customers with the ability to certify the authenticity and take ownership of digitized physical items using the blockchain-based FeaturePrint® system. SIMBA will extend Alitheon’s FeaturePrint to its own customer base, allowing them to first authenticate, and then trace, physical products through the entirety of their commercial lifecycle.
FeaturePrint® allows for immediate authentication of an item using a smartphone using an advanced optical AI technology that digitizes items. SIMBA provides the infrastructure to enable the omnipresent tracking of real-world items through the blockchain by tying each physical item issued by a manufacturer to a unique NFT which acts as the item’s digital twin. From here, both the NFT and the item can be tracked from warehouse to customer to second-hand buyer and beyond, eliminating the possibility of replication, fraud or counterfeiting.
Bryan Ritchie, CEO of SIMBA Chain, said: “The global gray and black market and counterfeiting industry has proven to be highly resistant to modern day technical solutions designed to curb the problem, while physical policing simply cannot match the scope and scale of the issue. By registering and digitizing physical items on the blockchain we can create an immutable public record of each item, and then follow its path from retailer to customer and beyond.”
Using NFTs to represent physical items on the blockchain enables industrial materials like aircraft and automotive parts to be tracked in real-time through the supply chain, effectively eliminating risks associated with counterfeit parts or inadequate maintenance. Blockchain technology can also be used by diamond producers to confirm the quality and ethical sourcing of their precious stones using immutable data which proves the origin of the gemstones.
SIMBA Chain provides governments and enterprises with interconnective blockchain-based solutions to address a number of areas, including supply chain management, financial accountability, medical data processing, and manufacturing lines. SIMBA recently ported the parts supply chain for Boeing’s F/A-18 combat aircraft onto its blockchain-based system, cutting time consuming paperwork costs by 40%, and reducing parts waste by 15%.
In industries spanning aviation, automotive manufacturing, pharmaceuticals, luxury goods, and collectibles, counterfeiting and gray market activity poses an estimated $4.5 trillion annual challenge to brands and manufacturers. These activities have negative impacts on revenue, brand integrity, and, in some cases, the security and well-being of customers.
The Alitheon SIMBA offering presents undeniable authentication of the physical item, coupled with an immutable ledger for storing ownership and other essential data. This ensures that any sales, upgrades, and maintenance activities are safely recorded for the entire lifespan of the item’s usage. The transparency and immutability provided by this solution surpasses current solutions, including certificates of authenticity, guaranteeing end-to-end verification and security for both the physical and digital aspects of the product that can’t be altered by anyone on the network.
###
About SIMBA Chain
Incubated at the University of Notre Dame in 2017, SIMBA Chain (short for Simple Blockchain Applications) provides a scalable enterprise platform that simplifies blockchain development. With fewer barriers to entry, companies can build secure, scalable, enterprise-grade solutions that integrate seamlessly with existing data systems. SIMBA implementations generate value for major government organizations, enterprises, and blockchain companies as a production-grade platform that enables public, private, or hybrid deployments. Visit simbachain.com to learn more.
Media contact:
press@simbachain.com
About Alitheon
Alitheon® is a Bellevue, Washington-based leader in advanced optical AI and creator of FeaturePrint®, a patented system connecting the physical and digital worlds via a secure and immutable link. FeaturePrint digitizes for items and products, what fingerprints are for people – a one of a kind, unique identifier that does not require you to mark, modify or add anything to the item. Using just a camera, FeaturePrinting enables authentication, identification, and traceability of individual items out of millions of similar objects. With FeaturePrint, counterfeits are avoided, misidentification of parts is eliminated, and the use of wrong products is minimized. FeaturePrint is currently used for numerous track, trace, and authentication purposes across automotive, pharmaceuticals, aerospace & defense, medical equipment, precious metals, and luxury goods & collectibles.
Media Contact:
alitheon@missionc2.com
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
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Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
PRESS RELEASE. The new partnership between SIMBA Chain and Alitheon brings real-time tracking of digitized physical goods across their entire life cycle.
SIMBA Chain, the builder of Blocks, an enterprise-grade platform that abstracts the complexities of blockchain development to make the innovative technology more accessible across multiple blockchains and services, today announces the integration of Alitheon, the provider of FeaturePrint®, the machine-vision based solution for authentication and traceability of physical goods.
The go-to-market partnering agreement enables Alitheon to provide its customers with the ability to certify the authenticity and take ownership of digitized physical items using the blockchain-based FeaturePrint® system. SIMBA will extend Alitheon’s FeaturePrint to its own customer base, allowing them to first authenticate, and then trace, physical products through the entirety of their commercial lifecycle.
FeaturePrint® allows for immediate authentication of an item using a smartphone using an advanced optical AI technology that digitizes items. SIMBA provides the infrastructure to enable the omnipresent tracking of real-world items through the blockchain by tying each physical item issued by a manufacturer to a unique NFT which acts as the item’s digital twin. From here, both the NFT and the item can be tracked from warehouse to customer to second-hand buyer and beyond, eliminating the possibility of replication, fraud or counterfeiting.
Bryan Ritchie, CEO of SIMBA Chain, said: “The global gray and black market and counterfeiting industry has proven to be highly resistant to modern day technical solutions designed to curb the problem, while physical policing simply cannot match the scope and scale of the issue. By registering and digitizing physical items on the blockchain we can create an immutable public record of each item, and then follow its path from retailer to customer and beyond.”
Using NFTs to represent physical items on the blockchain enables industrial materials like aircraft and automotive parts to be tracked in real-time through the supply chain, effectively eliminating risks associated with counterfeit parts or inadequate maintenance. Blockchain technology can also be used by diamond producers to confirm the quality and ethical sourcing of their precious stones using immutable data which proves the origin of the gemstones.
SIMBA Chain provides governments and enterprises with interconnective blockchain-based solutions to address a number of areas, including supply chain management, financial accountability, medical data processing, and manufacturing lines. SIMBA recently ported the parts supply chain for Boeing’s F/A-18 combat aircraft onto its blockchain-based system, cutting time consuming paperwork costs by 40%, and reducing parts waste by 15%.
In industries spanning aviation, automotive manufacturing, pharmaceuticals, luxury goods, and collectibles, counterfeiting and gray market activity poses an estimated $4.5 trillion annual challenge to brands and manufacturers. These activities have negative impacts on revenue, brand integrity, and, in some cases, the security and well-being of customers.
The Alitheon SIMBA offering presents undeniable authentication of the physical item, coupled with an immutable ledger for storing ownership and other essential data. This ensures that any sales, upgrades, and maintenance activities are safely recorded for the entire lifespan of the item’s usage. The transparency and immutability provided by this solution surpasses current solutions, including certificates of authenticity, guaranteeing end-to-end verification and security for both the physical and digital aspects of the product that can’t be altered by anyone on the network.
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About SIMBA Chain
Incubated at the University of Notre Dame in 2017, SIMBA Chain (short for Simple Blockchain Applications) provides a scalable enterprise platform that simplifies blockchain development. With fewer barriers to entry, companies can build secure, scalable, enterprise-grade solutions that integrate seamlessly with existing data systems. SIMBA implementations generate value for major government organizations, enterprises, and blockchain companies as a production-grade platform that enables public, private, or hybrid deployments. Visit simbachain.com to learn more.
Media contact:
press@simbachain.com
About Alitheon
Alitheon® is a Bellevue, Washington-based leader in advanced optical AI and creator of FeaturePrint®, a patented system connecting the physical and digital worlds via a secure and immutable link. FeaturePrint digitizes for items and products, what fingerprints are for people – a one of a kind, unique identifier that does not require you to mark, modify or add anything to the item. Using just a camera, FeaturePrinting enables authentication, identification, and traceability of individual items out of millions of similar objects. With FeaturePrint, counterfeits are avoided, misidentification of parts is eliminated, and the use of wrong products is minimized. FeaturePrint is currently used for numerous track, trace, and authentication purposes across automotive, pharmaceuticals, aerospace & defense, medical equipment, precious metals, and luxury goods & collectibles.
Media Contact:
alitheon@missionc2.com
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
PRESS RELEASE. Metacade has signed a strategic partnership agreement with MEXC, one of the world’s leading cryptocurrency exchanges. This follows the news that Metacade will list on Bitmart at the end of their presale.
Founded in 2018, MEXC (also known as MEXC Global) is a rapidly-growing cryptocurrency exchange with more than 6 million users in over 200 countries, including the USA, Canada and Australia. MEXC is regularly featured as one the top exchanges globally for trading volume. The exchange offers one of the widest ranges of cryptocurrencies with over 1,500+ coins listed on the platform. This MEXC listing agreement is a significant development for Metacade as it will enable the GameFi platform to expand its reach to brand-new investors across the world.
This will come as welcome news to the vibrant Metacade community already on a high from the impressive success of the current presale, which has raised over $7.3m so far, and follows the recent announcement that MCADE will also be listed on Bitmart, another global cryptocurrency exchange ranked 21st in the CoinMarketCap exchange rankings. Additionally investors will be able to purchase MCADE on a range of decentralized exchanges, including Uniswap.
Russell Bennett, CEO of Metacade said: “The MEXC partnership is fantastic news for Metacade. Being in partnership with such a reputable cryptocurrency exchange will only increase the credibility and trust in the Metacade project. We are very excited for the token to be released to the public.”
Metacade is an innovative platform that merges the worlds of gaming and blockchain technology. It is a community-driven play-to-earn (P2E) arcade that is built on the Ethereum blockchain. It is positioning itself as a hub for gamers and crypto enthusiasts to earn, learn and connect. The ambitious Metacade roadmap shows that the platform has something to keep everyone engaged.
MCADE, the platform’s native token, will fuel all transactions and activities on Metacade. Players can use it to access pay-to-play games and earn rewards. There will be additional earning opportunities through competitions, tournaments, sharing gaming alpha, and writing reviews. MCADE holders will also have the option to stake their tokens to increase their income.
MCADE has a fixed total supply of 2 billion tokens, with 70% of these being made available during the presale. The presale opened with the token price of $0.008 and will rise in stages until it reaches $0.02. The first 5 stages have completely sold out, with only 4 stages left remaining. The remaining 30% of tokens are set to be released on exchanges, or reserved for development, liquidity provisions, and competition pool funding.
Metacade, the P2E GameFi platform, has received the seal of approval from renowned blockchain auditing firm, Certik. The platform joins a well-known group of projects, including Polygon, Shiba Inu, and The Sandbox, that have been vetted and deemed trustworthy in the cryptocurrency sphere. Certik utilizes advanced techniques and mathematics to examine the design and code of blockchain ventures. Additionally, the auditing team conducted a thorough KYC check on the Metacade team to confirm their authenticity and enhance the project’s transparency. The complete audit results can be found on Certik’s website.
About Metacade
Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the wider gaming community.
Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. After all, Metacade wants you to have a hand in shaping the GameFi world of tomorrow.
Website | Whitepaper | Socials
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
PRESS RELEASE. Metacade has signed a strategic partnership agreement with MEXC, one of the world’s leading cryptocurrency exchanges. This follows the news that Metacade will list on Bitmart at the end of their presale.
Founded in 2018, MEXC (also known as MEXC Global) is a rapidly-growing cryptocurrency exchange with more than 6 million users in over 200 countries, including the USA, Canada and Australia. MEXC is regularly featured as one the top exchanges globally for trading volume. The exchange offers one of the widest ranges of cryptocurrencies with over 1,500+ coins listed on the platform. This MEXC listing agreement is a significant development for Metacade as it will enable the GameFi platform to expand its reach to brand-new investors across the world.
This will come as welcome news to the vibrant Metacade community already on a high from the impressive success of the current presale, which has raised over $7.3m so far, and follows the recent announcement that MCADE will also be listed on Bitmart, another global cryptocurrency exchange ranked 21st in the CoinMarketCap exchange rankings. Additionally investors will be able to purchase MCADE on a range of decentralized exchanges, including Uniswap.
Russell Bennett, CEO of Metacade said: “The MEXC partnership is fantastic news for Metacade. Being in partnership with such a reputable cryptocurrency exchange will only increase the credibility and trust in the Metacade project. We are very excited for the token to be released to the public.”
Metacade is an innovative platform that merges the worlds of gaming and blockchain technology. It is a community-driven play-to-earn (P2E) arcade that is built on the Ethereum blockchain. It is positioning itself as a hub for gamers and crypto enthusiasts to earn, learn and connect. The ambitious Metacade roadmap shows that the platform has something to keep everyone engaged.
MCADE, the platform’s native token, will fuel all transactions and activities on Metacade. Players can use it to access pay-to-play games and earn rewards. There will be additional earning opportunities through competitions, tournaments, sharing gaming alpha, and writing reviews. MCADE holders will also have the option to stake their tokens to increase their income.
MCADE has a fixed total supply of 2 billion tokens, with 70% of these being made available during the presale. The presale opened with the token price of $0.008 and will rise in stages until it reaches $0.02. The first 5 stages have completely sold out, with only 4 stages left remaining. The remaining 30% of tokens are set to be released on exchanges, or reserved for development, liquidity provisions, and competition pool funding.
Metacade, the P2E GameFi platform, has received the seal of approval from renowned blockchain auditing firm, Certik. The platform joins a well-known group of projects, including Polygon, Shiba Inu, and The Sandbox, that have been vetted and deemed trustworthy in the cryptocurrency sphere. Certik utilizes advanced techniques and mathematics to examine the design and code of blockchain ventures. Additionally, the auditing team conducted a thorough KYC check on the Metacade team to confirm their authenticity and enhance the project’s transparency. The complete audit results can be found on Certik’s website.
About Metacade
Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the wider gaming community.
Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. After all, Metacade wants you to have a hand in shaping the GameFi world of tomorrow.
Website | Whitepaper | Socials
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
PRESS RELEASE. After over a year of preparation and restructuring, decentralized and privacy-enabled AI organization Federated Learning Consortium (FLC) is set to launch as a for-profit research consortium in Hong Kong, China, shifting from a previously non-profit approach. FLC is set to be led by founding keystone members – blockchain technology platform Phoenix and leading China-based consumer data and AI company APEX Technologies.
FLC’s vision is centered on researching, developing, and promoting cutting-edge technologies surrounding federated AI, including federated learning, blockchain-enabled AI, multi-party computation (MPC), and TEE (trusted execution environment). The organization will be particularly interested in combining large-dataset deep learning technologies, such as reinforcement learning, with highly performant infrastructures using GPU computing using a decentralized/federated approach.
Organizational membership will be open to AI related technology firms, blockchain firms, and system integrators – the goal is to be able to provide holistic, implementable, and highly performant solutions for the broader market, focused initially on China and Asia. Through internal partnerships and joint research projects, organizations will be able to deliver new technology solutions that were not possible on a standalone basis,
Individual membership is also available for academics and industry experts. Currently FLC already has an initial roster of machine learning and federated learning experts from leading China-based firms such as HuaAT (华院数据), FuData (富数科技) , and Tencent.
FLC will be focused on developing technology solutions for various different verticals, including but not limited to retail, financial services, automotive, asset management, IoT, and government.
For more information:
FLC: https://flc.ai/
Phoenix: https://phoenix.global/
APEX Technologies: https://www.apextechnologies.com/
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Fidelity Investments Launches Crypto, Metaverse ETFs — Says 'We Continue to See Demand'
Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.
Source From : News