Home / Trend News /MPC Wallet Development: Antier’s Stunning Take On Building Super-Secure Crypto Products

MPC Wallet Development: Antier’s Stunning Take On Building Super-Secure Crypto Products

25 Jan 2023

Dogecoin slipped to a five-day low on Wednesday, as the meme coin fell for a second straight session. The move saw prices drop by over 5%, edging closer towards a key price floor in the process. Polygon also extended recent declines, hitting its weakest point since January 19.

Dogecoin (DOGE) dropped to a five-day low on Wednesday, as the global cryptocurrency market cap fell by as much as 3% today.

Following a low of $0.08919, DOGE/USD fell to an intraday low of $0.08245 earlier today.

The move saw dogecoin hit its lowest point since January 20, which is the last time prices were trading at a floor of $0.080.

As can be seen from the chart, the decline took place as the 14-day relative strength index (RSI) collided with a support level of its own at 55.00.

In addition to this, the 10-day (red) moving average has now shifted its direction, and appears to be on course for a downward trend.

Should this take place, and result in a crossover with the 25-day (blue) moving average, then DOGE will likely be trading below $0.080.

Polygon (MATIC) was also in the red on hump day, with the token moving lower for a third consecutive day.

MATIC/USD fell below the $1.00 mark in today’s session, as prices slipped to a low of $0.938 earlier in the day.

Similar to dogecoin, today’s decline has pushed polygon to its weakest point since last Thursday, when prices were trading at a floor of $0.940.

Looking at the chart, price strength also edged lower, with the relative strength index (RSI) falling below a floor of 58.00.

As of writing, the index is now tracking at 55.96, with a floor of 53.00 the next possible target for bears.

Bulls have so far rejected this advance, with MATIC rebounding from earlier lows, currently sitting at $0.9588, at the time of writing.

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Tags in this story
Analysis, Doge, dogecoin, matic, Polygon

What is behind today’s bearish momentum in crypto markets? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons, viewimage / 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.

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.

Dogecoin slipped to a five-day low on Wednesday, as the meme coin fell for a second straight session. The move saw prices drop by over 5%, edging closer towards a key price floor in the process. Polygon also extended recent declines, hitting its weakest point since January 19.

Dogecoin (DOGE) dropped to a five-day low on Wednesday, as the global cryptocurrency market cap fell by as much as 3% today.

Following a low of $0.08919, DOGE/USD fell to an intraday low of $0.08245 earlier today.

The move saw dogecoin hit its lowest point since January 20, which is the last time prices were trading at a floor of $0.080.

As can be seen from the chart, the decline took place as the 14-day relative strength index (RSI) collided with a support level of its own at 55.00.

In addition to this, the 10-day (red) moving average has now shifted its direction, and appears to be on course for a downward trend.

Should this take place, and result in a crossover with the 25-day (blue) moving average, then DOGE will likely be trading below $0.080.

Polygon (MATIC) was also in the red on hump day, with the token moving lower for a third consecutive day.

MATIC/USD fell below the $1.00 mark in today’s session, as prices slipped to a low of $0.938 earlier in the day.

Similar to dogecoin, today’s decline has pushed polygon to its weakest point since last Thursday, when prices were trading at a floor of $0.940.

Looking at the chart, price strength also edged lower, with the relative strength index (RSI) falling below a floor of 58.00.

As of writing, the index is now tracking at 55.96, with a floor of 53.00 the next possible target for bears.

Bulls have so far rejected this advance, with MATIC rebounding from earlier lows, currently sitting at $0.9588, at the time of writing.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Doge, dogecoin, matic, Polygon

What is behind today’s bearish momentum in crypto markets? Let us know your thoughts in the comments.

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons, viewimage / 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.

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.

Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what the company had previously disclosed.

It seems that Blockfi had a lot more money tied up with FTX and Alameda Research than what was originally suggested by the firm. A CNBC report indicates that unredacted documents were mistakenly sent to the bankruptcy court, revealing that Blockfi had $415.9 million connected to FTX, and roughly $831.3 million in loans to Alameda Research.

The latest Blockfi filing shows that $1.2 billion is allegedly tied up with both FTX and Alameda, both of which have filed for Chapter 11 bankruptcy protection. When Blockfi’s bankruptcy case started in New Jersey, lawyers originally quoted the loans to Alameda as being around $671 million, and another $355 million was said to be locked on the FTX exchange. Blockfi paused withdrawals on Nov. 10, 2022, one day before FTX filed for bankruptcy.

Two days before the pause, Blockfi co-founder Flori Marquez told the crypto community that “Blockfi is an independent business entity” amid the FTX drama. She further noted that Blockfi had a “$400 million line of credit from [FTX US] (not FTX.com) and will remain an independent entity until at least July 2023.” Less than a month later, Blockfi filed for Chapter 11 bankruptcy protection in the state of New Jersey.

CNBC further reports that Blockfi has 125 staff members still on Blockfi’s payroll and a total of $11.9 million will be collected on an annualized basis. Furthermore, five top Blockfi executives are still earning $822,000 for the year, according to a presentation designed by M3 Partners. CNBC’s MacKenzie Sigalos reached out to Blockfi, but the company “did not respond to a request for comment.”

What do you think is the impact of this Blockfi revelation? Let us know 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

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.

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.

Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what the company had previously disclosed.

It seems that Blockfi had a lot more money tied up with FTX and Alameda Research than what was originally suggested by the firm. A CNBC report indicates that unredacted documents were mistakenly sent to the bankruptcy court, revealing that Blockfi had $415.9 million connected to FTX, and roughly $831.3 million in loans to Alameda Research.

The latest Blockfi filing shows that $1.2 billion is allegedly tied up with both FTX and Alameda, both of which have filed for Chapter 11 bankruptcy protection. When Blockfi’s bankruptcy case started in New Jersey, lawyers originally quoted the loans to Alameda as being around $671 million, and another $355 million was said to be locked on the FTX exchange. Blockfi paused withdrawals on Nov. 10, 2022, one day before FTX filed for bankruptcy.

Two days before the pause, Blockfi co-founder Flori Marquez told the crypto community that “Blockfi is an independent business entity” amid the FTX drama. She further noted that Blockfi had a “$400 million line of credit from [FTX US] (not FTX.com) and will remain an independent entity until at least July 2023.” Less than a month later, Blockfi filed for Chapter 11 bankruptcy protection in the state of New Jersey.

CNBC further reports that Blockfi has 125 staff members still on Blockfi’s payroll and a total of $11.9 million will be collected on an annualized basis. Furthermore, five top Blockfi executives are still earning $822,000 for the year, according to a presentation designed by M3 Partners. CNBC’s MacKenzie Sigalos reached out to Blockfi, but the company “did not respond to a request for comment.”

What do you think is the impact of this Blockfi revelation? Let us know 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

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.

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. Crypto has a mission, to manifest optimal potential of blockchain and let users gain control of their data, identity and money. Needless to say, security is the most important metric that differentiates the best crypto wallet from others.

In the pursuit of the same, Antier, a leading blockchain consulting firm, has taken a leap over conventional practices and building multiparty computation (MPC) crypto wallets.

MPC wallets are a new and innovative type of wallet that provides enhanced security and privacy for users by distributing the private keys among multiple parties. An MPC wallet uses a single private key that is divided and shared among multiple individuals, in contrast to a multi-sig wallet which requires multiple private keys for transaction validation.

The future of crypto wallets in the making

Also known as threshold wallets, MPC wallets use advanced cryptographic techniques to split the private key of a wallet among multiple parties, making it much more difficult for hackers to steal the funds stored in the wallet.

Here, multiple parties must approve transactions before they can be processed, making it much more difficult for any one party to steal the funds.

This enables multiple parties to access the funds stored in the wallet, making it easier for people to share access to a common fund or account. Not to miss, they support more users than traditional wallets which are mostly single-user thus making them more scalable.

MPC wallets also enable the users to share sensitive information without revealing the full information to any one party, which can help to protect user privacy.

As an experienced entity in this industry for over 7 years now, Antier is well versed with the concerns around lost keys and thus lost wealth. Unsurprisingly, bitcoins worth 100 billion USD became unrecoverable due to private key mismanagement.

“MPC wallets are more resilient to failure than traditional single-user wallets, as the private key is split among multiple parties, ensuring that even if one party’s key is lost, the funds are still accessible.” comments Vikram R Singh, Antier’s CEO., on the fault tolerance capability.

Additionally, MPC wallets are useful in enforcing compliance rules, such as requiring multiple approvals for transactions above a certain threshold, which can help organizations meet regulatory requirements.

As a reputed crypto wallet development company, Antier is enabling their partners in elevating security quotient and addresses one of the most important concerns of this industry.

No wonder, Antier’s experience in building layer-1 blockchain protocols is a testimony of their deep-rooted experience in creating valuable crypto products.

Antier has the expertise required to develop MPC wallets, as well as other blockchain products such as decentralized finance (DeFi) platforms, non-fungible tokens (NFTs), metaverse development, layer-1 blockchain development, and tokenization solutions. The company has a proven track record of delivering cutting-edge solutions to clients in a wide range of industries.

With MPC wallet development, they look forward to disrupting the growing market.

“Our team is highly experienced in a wide range of blockchain products, and we are well-positioned to help our clients navigate the rapidly-evolving blockchain landscape.” Adds Vikram.

At the time of writing this, Antier is a team of 700+ blockchain professionals, making them one of the largest teams in the industry. With 5+ global centres and loads of passion to handpick the graving issues of the crypto industry, Antier is taking a leap over tried & tested services. The consulting firm aims to nourish and produce a pool of blockchain professionals across roles for the web3 industry.

Web3 is here

With its expertise in MPC wallet development, the company is well-positioned to help businesses and individuals secure their digital assets and take advantage of the many benefits of blockchain technology.

Checkout the vast portfolio of blockchain products and services on their website www.antiersolutions.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

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.

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