Category Archives: Smart Contracts
What is the Best Cardano DEX, and Why is it WingRiders? – DataDrivenInvestor
Best Cardano DEXes in 2023
In the world of cryptocurrencies, decentralized exchanges (DEXes) are becoming an increasingly popular way for people to trade digital assets, stake ADA and liquidity mine in a secure, decentralized environment. With so many options available, it can be difficult to know which platform is the best fit for your needs. In this article, we will explore why WingRiders could be the best Cardano DEX.
First, lets take a look at what a decentralized exchange is and how it works. Unlike centralized exchanges, which are controlled by a single entity, decentralized exchanges are built on blockchain technology and operate on a peer-to-peer network. Smart contracts are used to allow traders to execute orders without the need for an intermediary. This means that its possible to have complete control over assets and there is no central authority controlling the platform.
WingRiders is a decentralized exchange built on the Cardano blockchain. This means that it leverages the advanced security features of the Cardano network to provide a safe and secure environment for trading. Additionally, the platform is designed to handle a high volume of trades, making it an efficient and scalable option for trading digital assets.
DEXes have many advantages compared to centralized exchanges, other than being non-custodial including;
Centralized exchanges must check tokens for local compliance before listing them. Decentralized exchanges may list any token created on their blockchain, therefore new projects will likely list on them before its centralized equivalents.
On DEXes, users identity is protected when exchanging one cryptocurrency for another. Users do not need to go through a conventional identification process known as Know Your Customer, as opposed to centralized exchanges (KYC). KYC procedures require traders to provide personal information such as their complete legal name and an image of a government-issued identity document. As a result, DEXes attract many people who do not want to be recognized.
Counterparty risk occurs when the other party in a transaction fails to perform its half of the bargain and breaches its contractual duties. This danger is minimized since decentralized exchanges operate without middlemen and are based on smart contracts.
There are a number of key features that set it apart from other decentralized exchanges.
First and foremost, WingRiders DEX stands out for delivery and development ranking number 1 for;
Alongside these firsts as a DEX in Cardano, WingRiders is also fully DAO operated, Auto-stakes all ADA, offers voting across Stakepools and has direct integration into the Nu.Fi Wallet and many other popular tools.
Offering early market adoption and services using top hardware wallet integration, stable tokens and more to lessen the risk is beneficial and shows a strong desire to be at the front of the market.
With regular crypto yield farming, you deposit your LP tokens that you received for providing liquidity to a pool into an active farm and receive one type of token as a gain.
Taking this to an entirely new level, WingRiders partner up with other projects that wish to distribute their Cardano native tokens to the community. A liquidity pool is created with the two tokens and then an associated farm meaning you will gain not just with one, but two types of tokens from that farm.
Explore WingRiders
In addition to its technical features, WingRiders also offers a friendly interface that makes trading simple and intuitive. This makes it an attractive option for both experienced traders and those new to the world of decentralized exchanges.
One of the biggest advantages of WingRiders is its commitment to providing the best possible experience. The platform is constantly evolving and improving, with new features and upgrades being added on a regular basis such as the above charting upgrades, offering the ability to monitor and analyze the assets price movement, TVL and trading volume within pools to develop trading strategies over time. This means to expect a top-notch trading experience that continues to get better over time.
Related Wingriders Article: Trading Tool Guide
Finally, WingRiders has a large and growing community. The platform has moderators who are available to assist with any questions or concerns. This means that getting help quickly and as easily as possible, without waiting for a response from a centralized authority is available.
In conclusion, if youre looking for the best Cardano DEX, WingRiders can be a great option. Earning double rewards using their DEX token WRT in yield farming, with the platforms advanced security features, smart contract technology, user-friendly interface, and commitment to providing the best possible experience, its a top choice for decentralized trading. Whether youre an experienced trader or new to the world of decentralized exchanges, WingRiders has everything you need to trade digital assets with confidence.
Please take time to research platforms, and make decisions to lessen risk. Its important to remember that you are ultimately responsible for your own investments and you need to take care across all DEX, crypto wallet and other available services in DeFi.
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What is the Best Cardano DEX, and Why is it WingRiders? - DataDrivenInvestor
Coinbases Base network gets OpenZeppelin security integration – Cointelegraph
The OpenZeppelin Defender smart contract security platform has now integrated with Coinbases Base network, allowing Web3 app developers on Base to automate security tasks.
According to an April 19 announcement from blockchain cybersecurity firm OpenZeppelin, app developers on Base can now use the Defender software to create multi-signature admin contracts and timelocks, employ Relayers to store keys and sign transactions along with creating automated sentinels to monitor the blockchain and react when events occur.
These tools can be used for routine but sensitive admin tasks such as upgrading contracts, tweaking numerical parameters, or pausing a contract should an emergency occur according to the programs documentation.
The Defender app was available on Ethereum and most other networks in the past, but as it was not integrated with Base, developers could not use it on the new testnet until now.
OpenZeppelin chief technology officer Jonathan Alexander stated in the announcement that the integration will make smart contracts "more secure and expansive, while Base lead Jesse Pollak signaled excitement at the team-up, saying that security is key for a thriving onchain ecosystem."
Related: Unchained raises $60M to offer collaborative custody Bitcoin services
Coinbase announced the launch of the Base test network on Feb. 23. It plans to produce a mainnet version as a layer-2 of Ethereum once testing is complete.
Some Ethereum users have speculated that Coinbase wants to help onboard institutional investors to Web3 through the new network as it will feature Masa Finance identity verification tools.
OpenZeppelin is most known for its library of open-source smart contracts that are often modified by developers and used for their own purposes throughout the Ethereum ecosystem.
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Coinbases Base network gets OpenZeppelin security integration - Cointelegraph
Is 2023 The Year For Shiba Inu (SHIB) And RenQ Finance (RENQ)? – Benzinga
Shiba Inu (SHIB) and RenQ Finance (RENQ) are two cryptocurrencies that have gained significant attention from investors in recent times. Both cryptocurrencies have experienced an impressive surge in value, attracting investors seeking to benefit from the potential growth of the crypto market. This article will examine the potential for SHIB and RENQ to continue their upward trajectory in 2023.
Shiba Inu (SHIB) is a meme-based cryptocurrency that gained popularity after its price surged by more than 2,000% in May 2021. The cryptocurrency was launched in August 2020 as an ERC-20 token on the Ethereum blockchain. The coin's developers aimed to create a cryptocurrency that could compete with Dogecoin (DOGE) by leveraging its meme-based appeal.
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Since its launch, SHIB has gained a significant following, with investors seeking to capitalize on the coin's hype and potential growth. The coin's price is currently hovering around
$0.00001046, with a market capitalization of over $6 billion. In 2023, analysts predict that SHIB could continue its upward trajectory, potentially reaching a value of $0.0000158684.
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However, it's worth noting that SHIB's growth potential is dependent on a few factors. Firstly, the cryptocurrency's use cases are limited, and it's primarily used for speculative purposes. Additionally, the coin's value is highly correlated with market sentiment, which can be fickle in the crypto space.
RenQ Finance (RENQ) is a decentralized finance (DeFi) platform that aims to offer a more secure and efficient alternative to traditional financial services. The platform utilizes smart contracts and blockchain technology to offer a range of services, including lending, borrowing, and staking.
RENQ's unique offering has gained significant attention from investors seeking to benefit from the potential growth of the DeFi market. The platform's native token, RENQ, has seen impressive growth in recent times, with the price surging by over 100% in the last 30 days. The coin is currently trading at $0.050, raising over $13 million in its ongoing presale.
Some analysts predict that RENQ could continue its upward trajectory in 2023, potentially reaching a value of $2. This growth potential is driven by the platform's innovative approach to liquidity and its strong community of supporters.
There are several reasons why 2023 could be the year for SHIB and RENQ. Firstly, both cryptocurrencies have gained significant attention from investors seeking to capitalize on the potential growth of the crypto market. This interest is likely to continue as more people become aware of the opportunities presented by cryptocurrencies.
Secondly, the crypto market is still in its early stages, with significant room for growth. As more businesses and individuals embrace cryptocurrencies, the demand for digital assets is likely to increase, driving up the value of coins like SHIB and RENQ.
Lastly, both SHIB and RENQ have strong communities of supporters who are passionate about the potential of these cryptocurrencies. These communities can drive adoption and use cases for the coins, helping to fuel their growth in 2023.
2023 could be a significant year for both SHIB and RENQ. While SHIB's growth potential is largely dependent on market sentiment, the coin's meme-based appeal and strong community of supporters could help to drive its growth.
On the other hand, RENQ's innovative approach to liquidity and the DeFi market could see the coin continue its impressive growth trajectory. However, as with any investment, it's essential to conduct thorough research and consider multiple factors before making a decision.
This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This content contains sponsored advertising content and is for informational purposes only and not intended to be investing advice.Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.
2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Is 2023 The Year For Shiba Inu (SHIB) And RenQ Finance (RENQ)? - Benzinga
The Role of Enterprise Ethereum: Applications, Benefits, and Challenges – Finance Magnates
EnterpriseEthereum is a blockchain network created primarily for enterprises. It is builton the Ethereum blockchain, which is well-known for its adaptability and scalability.This article will look into Enterprise Ethereum's position in business,including its applications, benefits, and challenges.
EnterpriseEthereum is a blockchain technology intended specifically for enterprises. Itis built on the Ethereum blockchain, a decentralized platform that allows forthe development of smart contracts and decentralized apps. (DApps). EnterpriseEthereum is a private blockchain, which means that only authorized users mayaccess it.
EnterpriseEthereum has several business applications. Among the most importantapplications are:
Supply chainmanagement is a fundamental use of Enterprise Ethereum. It can be used to tracethe flow of commodities, validate product authenticity, and streamline supplychain operations. Many supply chain management procedures, such as checking thelegitimacy of items and completing payments, can be automated using smartcontracts.
Keep Reading
Identitymanagement is another Enterprise Ethereum application. It can be used to manageand verify identities securely, lowering the risk of identity theft and fraud.Smart contracts can be used to maintain identification information and giveauthorized users secure access.
Ethereum can beutilized in financial services as well. It can be used to simplify paymentprocedures, lower transaction costs, and improve transparency. Smart contractscan be used to automate numerous financial services procedures, such as paymentexecution and contract management.
EnterpriseEthereum provides various advantages to enterprises. Among the many advantagesare:
By automatingmany of the processes involved in company operations, Ethereum can assist toboost efficiency. Smart contracts can be used to automate operations likeconfirming the legitimacy of items, making payments, and monitoring contracts.
This can helpto reduce the amount of time and resources needed to complete transactions,hence enhancing efficiency and production.
EnterpriseEthereum provides greater security than typical commercial platforms.Transactions are safe and tamper-proof due to the usage of blockchaintechnology. Smart contracts are also intended to be tamper-proof, which meansthey cannot be changed after they have been executed.
As a result,Enterprise Ethereum offers a safe and dependable means to execute transactions.
By eliminatingthe need for intermediaries, such as banks or attorneys, Ethereum can assist tominimize transaction costs. Smart contracts can be used to perform transactionswithout the involvement of middlemen, lowering transaction costs and enhancingprofitability.
WhileEnterprise Ethereum has many advantages for organizations, it has certaindrawbacks. Among the major challenges are:
EnterpriseEthereum is a difficult technology that must be used with technical skills. Touse Enterprise Ethereum efficiently, businesses must have a solid understandingof blockchain technology and smart contracts. This may necessitate substantial investment in training and development.
It can bedifficult to integrate Enterprise Ethereum with legacy systems. Businesses mustverify that their existing systems are Enterprise Ethereum compliant, which maynecessitate significant investment in technical infrastructure.
EnterpriseEthereum adoption may also generate regulatory compliance concerns. Businessesmust ensure that their activities are in accordance with applicable laws andregulations, which can be complicated and time-consuming.
One of the keybenefits of Enterprise Ethereum is its ability to enable new forms ofcollaboration and cooperation between businesses.
Smartcontracts, a key feature of Enterprise Ethereum, are self-executing contractswith the terms of the agreement between parties being directly written intocode. This means that once the conditions specified in the contract are met,the contract automatically executes without the need for intermediaries orthird parties. Smart contracts can automate many aspects of inter-businesstransactions, such as payment processing, supply chain management, and legaloperations.
One of the mainbenefits of smart contracts in Enterprise Ethereum is that they can reducefriction and improve efficiency in business-to-business interactions. Byautomating processes and removing intermediaries, businesses can reduce costs,eliminate errors, and streamline their operations. This can significantlyreduce the time and effort required for these tasks, allowing businesses tofocus on their core activities.
Smart contractsin Enterprise Ethereum can also enable more seamless collaboration betweenbusinesses. For example, in supply chain management, smart contracts canautomate the process of verifying the authenticity and quality of goods,reducing the risk of fraud and enabling faster and more secure transactions.Additionally, smart contracts can automate the process of dispute resolution,reducing the time and effort required to resolve disputes between parties.
Another waythat Enterprise Ethereum can enable new forms of collaboration is through theuse of decentralized applications (dApps). dApps are software applications thatrun on the Ethereum blockchain, enabling secure and transparent transactionsbetween parties. They can be used for a variety of purposes, such asdecentralized finance (DeFi), supply chain management, and identityverification.
By using dAppsbuilt on Enterprise Ethereum, businesses can collaborate and cooperate in newways. For example, in DeFi, businesses can participate in decentralized lendingand borrowing, enabling faster and more secure transactions than traditionalbanking systems. In supply chain management, businesses can collaborate toimprove efficiency and transparency in the supply chain, reducing costs andimproving customer satisfaction.
EnterpriseEthereum provides various benefits to enterprises, including higherproductivity, improved security, and lower costs. However, it does provideseveral obstacles, including technical complexity, interaction with oldersystems, and regulatory compliance.
Overall,Enterprise Ethereum can assist firms in streamlining operations, loweringexpenses, and increasing profitability. However, before incorporatingEnterprise Ethereum into their processes, organizations must carefully assessthe opportunities and problems it presents.
EnterpriseEthereum, with careful planning and execution, has the ability to alter the wayorganizations function and communicate with one another, enabling secure andtransparent transactions without the need for middlemen.
As EnterpriseEthereum evolves and matures, we should expect to see even more inventivecorporate use cases and applications. Businesses will be able to streamlineprocesses, decrease costs, and boost efficiency by utilizing smart contractsand decentralized applications, while also improving security and transparency.
Overall,Enterprise Ethereum plays an important and expanding role in business. Whilethere are some challenges to overcome, the benefits of using EnterpriseEthereum are significant, and it is becoming a more popular choice forbusinesses looking to streamline operations and improve efficiency.
We shouldanticipate seeing many more fascinating advancements in the application ofEnterprise Ethereum in business as the technology evolves and matures.
EnterpriseEthereum is a blockchain network created primarily for enterprises. It is builton the Ethereum blockchain, which is well-known for its adaptability and scalability.This article will look into Enterprise Ethereum's position in business,including its applications, benefits, and challenges.
EnterpriseEthereum is a blockchain technology intended specifically for enterprises. Itis built on the Ethereum blockchain, a decentralized platform that allows forthe development of smart contracts and decentralized apps. (DApps). EnterpriseEthereum is a private blockchain, which means that only authorized users mayaccess it.
EnterpriseEthereum has several business applications. Among the most importantapplications are:
Supply chainmanagement is a fundamental use of Enterprise Ethereum. It can be used to tracethe flow of commodities, validate product authenticity, and streamline supplychain operations. Many supply chain management procedures, such as checking thelegitimacy of items and completing payments, can be automated using smartcontracts.
Keep Reading
Identitymanagement is another Enterprise Ethereum application. It can be used to manageand verify identities securely, lowering the risk of identity theft and fraud.Smart contracts can be used to maintain identification information and giveauthorized users secure access.
Ethereum can beutilized in financial services as well. It can be used to simplify paymentprocedures, lower transaction costs, and improve transparency. Smart contractscan be used to automate numerous financial services procedures, such as paymentexecution and contract management.
EnterpriseEthereum provides various advantages to enterprises. Among the many advantagesare:
By automatingmany of the processes involved in company operations, Ethereum can assist toboost efficiency. Smart contracts can be used to automate operations likeconfirming the legitimacy of items, making payments, and monitoring contracts.
This can helpto reduce the amount of time and resources needed to complete transactions,hence enhancing efficiency and production.
EnterpriseEthereum provides greater security than typical commercial platforms.Transactions are safe and tamper-proof due to the usage of blockchaintechnology. Smart contracts are also intended to be tamper-proof, which meansthey cannot be changed after they have been executed.
As a result,Enterprise Ethereum offers a safe and dependable means to execute transactions.
By eliminatingthe need for intermediaries, such as banks or attorneys, Ethereum can assist tominimize transaction costs. Smart contracts can be used to perform transactionswithout the involvement of middlemen, lowering transaction costs and enhancingprofitability.
WhileEnterprise Ethereum has many advantages for organizations, it has certaindrawbacks. Among the major challenges are:
EnterpriseEthereum is a difficult technology that must be used with technical skills. Touse Enterprise Ethereum efficiently, businesses must have a solid understandingof blockchain technology and smart contracts. This may necessitate substantial investment in training and development.
It can bedifficult to integrate Enterprise Ethereum with legacy systems. Businesses mustverify that their existing systems are Enterprise Ethereum compliant, which maynecessitate significant investment in technical infrastructure.
EnterpriseEthereum adoption may also generate regulatory compliance concerns. Businessesmust ensure that their activities are in accordance with applicable laws andregulations, which can be complicated and time-consuming.
One of the keybenefits of Enterprise Ethereum is its ability to enable new forms ofcollaboration and cooperation between businesses.
Smartcontracts, a key feature of Enterprise Ethereum, are self-executing contractswith the terms of the agreement between parties being directly written intocode. This means that once the conditions specified in the contract are met,the contract automatically executes without the need for intermediaries orthird parties. Smart contracts can automate many aspects of inter-businesstransactions, such as payment processing, supply chain management, and legaloperations.
One of the mainbenefits of smart contracts in Enterprise Ethereum is that they can reducefriction and improve efficiency in business-to-business interactions. Byautomating processes and removing intermediaries, businesses can reduce costs,eliminate errors, and streamline their operations. This can significantlyreduce the time and effort required for these tasks, allowing businesses tofocus on their core activities.
Smart contractsin Enterprise Ethereum can also enable more seamless collaboration betweenbusinesses. For example, in supply chain management, smart contracts canautomate the process of verifying the authenticity and quality of goods,reducing the risk of fraud and enabling faster and more secure transactions.Additionally, smart contracts can automate the process of dispute resolution,reducing the time and effort required to resolve disputes between parties.
Another waythat Enterprise Ethereum can enable new forms of collaboration is through theuse of decentralized applications (dApps). dApps are software applications thatrun on the Ethereum blockchain, enabling secure and transparent transactionsbetween parties. They can be used for a variety of purposes, such asdecentralized finance (DeFi), supply chain management, and identityverification.
By using dAppsbuilt on Enterprise Ethereum, businesses can collaborate and cooperate in newways. For example, in DeFi, businesses can participate in decentralized lendingand borrowing, enabling faster and more secure transactions than traditionalbanking systems. In supply chain management, businesses can collaborate toimprove efficiency and transparency in the supply chain, reducing costs andimproving customer satisfaction.
EnterpriseEthereum provides various benefits to enterprises, including higherproductivity, improved security, and lower costs. However, it does provideseveral obstacles, including technical complexity, interaction with oldersystems, and regulatory compliance.
Overall,Enterprise Ethereum can assist firms in streamlining operations, loweringexpenses, and increasing profitability. However, before incorporatingEnterprise Ethereum into their processes, organizations must carefully assessthe opportunities and problems it presents.
EnterpriseEthereum, with careful planning and execution, has the ability to alter the wayorganizations function and communicate with one another, enabling secure andtransparent transactions without the need for middlemen.
As EnterpriseEthereum evolves and matures, we should expect to see even more inventivecorporate use cases and applications. Businesses will be able to streamlineprocesses, decrease costs, and boost efficiency by utilizing smart contractsand decentralized applications, while also improving security and transparency.
Overall,Enterprise Ethereum plays an important and expanding role in business. Whilethere are some challenges to overcome, the benefits of using EnterpriseEthereum are significant, and it is becoming a more popular choice forbusinesses looking to streamline operations and improve efficiency.
We shouldanticipate seeing many more fascinating advancements in the application ofEnterprise Ethereum in business as the technology evolves and matures.
Continue reading here:
The Role of Enterprise Ethereum: Applications, Benefits, and Challenges - Finance Magnates
Astar Network To Launch Smart Contracts 2.0 on the Mainnet on April 6th – The Defiant – DeFi News
Tokyo, Japan, April 3rd, 2023, Chainwire
On WASM Launch Day, Astar along with Polkadot and other ecosystem partners will host a virtual panel discussion with developers
Astar Network, a smart contracts platform for multichain, is thrilled to announce that it will launch Smart Contracts 2.0 the WebAssembly (WASM) smart contracts that extend the Web3 functionality of EVM on the mainnet at 14:00 UTC on Thursday, April 06th. With this technical update, Astar Network will support both Ethereum Virtual Machine (EVM) and WASM VM smart contracts on the mainnet.
Astar Network is hosting a virtual celebration with the entire Web3 community, called WASM Launch Day. Interested developers, Web3 enthusiasts, and those new to crypto can RSVP for the live panel discussion on WASM Launch Day here. Astars Founder Sota Watanabe, Head of Growth Maarten Henskens, and Polkadot developers along with the leading infrastructure teams will discuss how WASM will revolutionize blockchain.
With our next level smart contracts, you can create a WASM or EVM project, and you can create new multichain applications. Anyone can also connect their Astar project to any Polkadot or EVM ecosystem. There are no limitations on what you can build. This is the next level of smart contracts! said Sota Watanabe, Founder of Astar Network.
Moreover, Astar Network will hold a virtual meet-up with Parity, Phala, DIA, SubWallet, Brushfam & Subsquid the infrastructure partners that will build the foundation of Astars WASM environment. Developers will also be apprised of how to create a promising multichain network on Astar.
On April 6th, Astar Network will become the first Polkadot parachain to support a stable WASM environment by enabling ink! smart contracts. Software developers will be able to build with Polkadot, too, thanks to the XCM functionality.
Astar Network supports both the Ethereum Virtual Machine (EVM) and WebAssembly (WASM) smart contract environments. Having two VMs simultaneously and making them interactive is a key success factor for an emerging Layer-1 blockchain. Though Ethereum brought us the Web3 revolution with the introduction of smart contracts, it cannot build the innovative future of blockchain alone.
WASM VM enables new developers to begin their Web3 journey on Astar since it is compatible with many programming languages including C/C++, GO, TypeScript, Java, and RUST. Developers dont need to learn a new programming language from scratch to start building. They can build with the language they are already familiar with. The variety of tools and resources used by software developers can now be integrated with Astar technology.
As one of the leading teams pushing WASM and EVM smart contract environments that allow developers to deploy dApps with ease, Astar is committed to bettering the infrastructure around Wasm and ink! within the Polkadot ecosystem.
Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). Astars unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for their code and the dApps they build.
One of the first parachains to come to the Polkadot ecosystem, Astar is a vibrant network that is supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.
For more information, visit: Website | Twitter | Discord | Telegram | GitHub | Reddit
Maarten Henskens[emailprotected]
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Astar Network To Launch Smart Contracts 2.0 on the Mainnet on April 6th - The Defiant - DeFi News
Cryptocurrencies To Watch: Week of April 3 – Investopedia
Keep an Eye on These Coins
The latest week was good one for the cryptocurrency market, all things considered. Bitcoin managed to stay close to $28,000, which bodes well for support levels. Investors are hopeful this momentum will carry forward into the new quarter and help propel crypto to its higher prices of a few years ago. Some tokens, in particular, look as if they may gain momentum along with Bitcoin.
This week, we examine Stellar (XLM), Hedera (HBAR), Frax Share (FXS), Zilliqa (ZIL), and Cardano (ADA). In selecting these assets, we have considered several factors, including positive technical developments, significant news events, and noticeable price changes.
Stellars XLM coin price is up about 16%, most likely because the Central Bank of Brazil said it would pilot a central bank digital currency (CBDC) on the blockchain. The agency is testing a digital version of its currency, the Brazilian real.
Another potential reason for this price boost is the fact that Pendulum, a traditional finance infrastructure blockchain, said it would create a bridge connecting Polkadot infrastructure to Stellars blockchain.
This bridgea term for infrastructure that connects two blockchain ecosystemswill allow Polkadot to tap into Stellars solutions. Polkadot is a protocol that connects various blockchains, establishing interoperability. XLM is priced at around 10.8 cents. Last week, it was trading at around 09.3 cents (see chart below).
XLM Price: TradingView
Hedera (HBAR) gained about 18%, possibly because a Mastercard-backed blockchain app migrated to the network. The app is Fresh Supply Co., the largest user of Mastercard Provenance, a blockchain-based traceability solution.
Hedera said Fresh Supply Co.s tokenization of assets and events will foster transparency and deep, verifiable data for financiers. The company works in the agriculture business and offers solutions to other lenders.
Hedera also was recognized by the Biden administration for its role in recognizing human rights in the crypto industry. At the recent Summit for Democracy, Hedera committed to convening a democracy roundtable on how blockchain technologies could support human rights, transparency, and sustainability. HBAR is changing hands at about 7.1 cents, rising from around 6.1 cents last week (see chart below).
HBAR Price: TradingView
Frax Share (FXS)'s price rose by about 20%, perhaps as a result of Frax Finance's vote to fully collateralize its $1 billion market-capitalization stablecoin, called FRAX. Frax Finance is the community that helps steer the future of the project's stablecoin and protocol by voting on various decisions. This vote means that the collateral ratio of the Frax protocol is now 100%.
Ethereums upcoming Shanghai upgrade also may have played a role in boosting the price of FXS. The upgrade has led to increased activity and prices for liquid staking solutions, and Frax Finances frxETH has outpaced others, according to one crypto research firm. The Shanghai upgrade will allow users to withdraw staked ETH, Ethereum's native token, on the network, which is a significant development.
Liquid staking solutions are ways for users to participate in ETH staking without meeting the hefty minimum requirement of 32 ETH, while also allowing them to unstake at any time. The advantage of Fraxs liquid staking option is its leverage of the overall ecosystem to maximize yield and earn interest. FXS is trading around $9.15. Last week, it was approximately $7.73 (see chart below).
FXS Price: TradingView
Zilliqa (ZIL)'s price nearly 15%, possibly because of anticipation for the Zilliqa Ethereum Virtual Machine (EVM). EVM is a software platform used to build applications on Ethereum and other protocols that have EVM compatibility. The imminent release in late April of EVM compatibility to the Zilliqa mainnet would allow smart contracts written in the Solidity programming language to be deployed natively on Zilliqa.
Smart contracts are programs that operate on blockchain networks, resulting in more diverse applications. ZIL is currently valued at around 3 cents, up from about 2.7 cents last week (see chart below).
ZIL Price: TradingView
Cardanos ADA token experienced a price bump of about 12%, most likely because of improved development activity on the network. Information from crypto data feed Santiment showed a gain in this metric over the past week. The Cardano team also published an updated roadmap for Hydra, a Layer-2 scalability solutiona means for developers to increase transaction speed and lower transaction costs on the network.
Another possible reason could be evidence of the benefits of the Valentine upgrade hard fork emerging. This upgrade, introduced in February, improved security and interoperability on the network, which bodes well for the overall health of the ecosystem. It could have directly led to increased development activity. ADA is trading at around 40 cents. This time last week, it was about 35 cents (see chart below).
ADA Price: TradingView
As of the date this article was written, the author does not own any of the assets discussed here.
The comments, opinions, and analyses expressed on Investopedia are for informational purposes online. Read ourwarranty and liability disclaimerfor more info.
Excerpt from:
Stacks [STX] gains newfound attention from investors, but will its uptrend last – AMBCrypto News
As a new week begins, assets that were deprived of attention in the last seven days have been getting noticed by investors. Stacks [STX], the Bitcoin [BTC] layer for smart contracts, was one such token, as revealed by LunarCrush.
Read Stacks [STX] Price Prediction 2023-2024
According to the social intelligence provider for the crypto industry, Stacks social engagements, mentions, and dominance jumped over 100% in the last 24 hours. This hike implied that the community interaction, discussion, and traction were at incredibly top levels from a social perspective.
Although the increase had subdued a little, the perception around the token had bullish tendencies. An in-depth assessment of LunarCrush showed that bullish sentiment had increased by 95% between 2 April and press time.
But the average bearish sentiment also had a similar trend. The metric specifically looked at posts that suggest cynicism over time. Therefore, STX was still subject to negative image despite its 316% 90-day price increase.
However, STX rode with the expectations of the bulls, increasing by 3.82% in the last 24 hours.
Based on the daily chart, the 20 EMA (purple), which had crossed the 50 EMA (yellow) on 23 January, had maintained the same position at the time of writing. This stance implied that traders were bullish on STX, and the cryptocurrency had the potential to establish a new uptrend.
Furthermore, the Moving Average Convergence Divergence (MACD) displayed a different trend from the EMAs. The MACD condition, as of this writing, showed that the orange dynamic lines rose above the blue.
Another notable part of the MACD trend was how it crossed the signal line (arrowed) into the downward path. Hence, this could serve as a confirmation of the corresponding bearish trend.
Besides its price action, there has been significant change in Stacks Total Value Locked (TVL). The TVL measures the amount of unique smart contract deposits in a protocol. Up until 25 March, Stacks TVL was on a rapid increase.
Realistic or not, heres STXs market cap in BTCs terms
However, since 26 March, the value had significantly dwindled, bottoming at $25.5 million. This decrease meant that Stacks was beginning to lack usability among investors. Moreover, these participants were no longer willing to lock up assets in the projects linked contracts.
However, it seemed that STX remained one of traders top options, mostly in part due to its 24-hour 230% rise in volume. Such a high rate depicted that a lot of buying and selling was going on with the token at press time.
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Stacks [STX] gains newfound attention from investors, but will its uptrend last - AMBCrypto News
Steps to A Blockchain Industry Consulting Career: Maximizing … – Cryptopolitan
Blockchain technology has been rapidly gaining attention and popularity in recent years for its potential to revolutionize various industries, including finance, healthcare, and supply chain management. As the technology continues to evolve, so does the demand for professionals with blockchain expertise. Consulting has emerged as a lucrative career path for those with knowledge and skills in this field. In this article, we will explore the steps to start a consulting career in the blockchain industry and take advantage of the opportunities presented by this emerging technology.
To start a consulting career in the blockchain industry, it is essential to understand the fundamentals of blockchain technology. The first aspect is to have a basic understanding of blockchain and distributed ledger technology. Blockchain is a decentralized digital ledger technology that uses a distributed network of computers to keep track of transactions. It is transparent, secure, and immutable, which makes it an attractive option for various industries. Understanding how the technology works and its potential applications can provide valuable insights to clients seeking to incorporate blockchain into their business models.
Another important aspect of blockchain technology is the concept of cryptocurrencies and digital assets. Cryptocurrencies, such as Bitcoin and Ethereum, are digital currencies that operate on blockchain technology. Digital assets, on the other hand, are tokens or assets that are represented on a blockchain. Understanding the differences between the two and how they operate can provide insights into the potential uses and challenges of incorporating blockchain technology into financial systems.
Smart contracts and decentralized applications (dApps) are also key components of blockchain technology. Smart contracts are self-executing contracts that are recorded on a blockchain, allowing for the automation of processes and transactions. dApps, on the other hand, are decentralized applications that operate on blockchain technology. Understanding how these technologies work and their potential applications can provide valuable insights for clients seeking to incorporate blockchain technology into their business models.
Finally, it is essential to have a good grasp of consensus mechanisms and network security. Consensus mechanisms are the mechanisms used by blockchain networks to reach agreement on the state of the network. Understanding how they work and their strengths and weaknesses can provide valuable insights for clients seeking to build or join a blockchain network. Network security is also critical, as blockchain networks can be vulnerable to attacks. Understanding the potential vulnerabilities and how to mitigate them can provide valuable insights to clients seeking to implement blockchain technology.
To develop a successful career in the blockchain industry, it is important to acquire relevant skills and expertise. One of the key skills to have is programming languages. Knowledge of programming languages such as Solidity, JavaScript, and Python is crucial for developing smart contracts and decentralized applications (dApps) on the blockchain. Furthermore, expertise in cryptography and cybersecurity is necessary to ensure the security of the network, protect users data, and prevent attacks on the system.
In addition to technical skills, proficiency in data analysis and visualization is also valuable in the blockchain industry. As the use of blockchain technology generates large amounts of data, it is important to analyze and visualize this data to draw insights and make informed decisions. Project management and business analysis skills are also essential in the blockchain industry, as blockchain-based projects often involve multiple stakeholders, complex processes, and changing regulatory landscapes. Finally, excellent communication and presentation skills are vital in the consulting field, as it is important to communicate complex technical concepts and solutions to non-technical stakeholders in a clear and concise manner.
Gaining industry experience is crucial for building a successful consulting career in the blockchain industry. One way to gain experience is through internships or entry-level positions in blockchain-related companies. These positions offer hands-on experience and exposure to the latest technologies and trends in the industry.
Collaborating on open-source blockchain projects is another way to gain experience and build a portfolio of work. Open-source projects provide opportunities to work with other developers and gain exposure to the development process of real-world blockchain applications.
Participating in hackathons and blockchain conferences is also a great way to gain experience and network with professionals in the industry. Hackathons provide an opportunity to work on real-world blockchain challenges and showcase your skills and expertise. Attending blockchain conferences provides a chance to learn about the latest developments in the industry and network with potential employers and clients.
Networking with professionals in the blockchain industry is essential for gaining industry experience. Building relationships with professionals in the industry can lead to job opportunities and collaborations on blockchain projects. Attending networking events, joining industry groups, and participating in online forums are all effective ways to connect with professionals in the industry.
Acquiring professional certifications is an excellent way to validate your expertise in the blockchain industry. The most popular blockchain certifications include the Certified Blockchain Professional (CBCP) and Certified Blockchain Developer (CBCD), which assess knowledge of blockchain fundamentals, smart contract development, and use cases. These certifications are offered by recognized organizations such as the Blockchain Council and ConsenSys Academy. The value of these certifications lies in the credibility they provide to potential employers, demonstrating your knowledge and skills in a standardized way.
Additionally, project management and business analysis certifications are also valuable for a consulting career in the blockchain industry. Project management certifications, such as PMP (Project Management Professional) and PRINCE2 (Projects In Controlled Environments), showcase your ability to manage projects effectively, while business analysis certifications, such as CBAP (Certified Business Analysis Professional) and PMI-PBA (Professional in Business Analysis), validate your skills in analyzing business requirements and developing solutions. These certifications are widely recognized and sought after in the industry, and can help you stand out in a competitive job market.
Defining your consulting niche is an important step in establishing your consulting career in the blockchain industry. You may choose to specialize in a specific industry such as finance, supply chain, or healthcare, and focus on how blockchain technology can solve the unique challenges in that industry. For instance, a consultant with expertise in finance may advise clients on how to use blockchain for secure and efficient financial transactions, while a consultant with experience in healthcare may guide clients on how blockchain can improve patient data privacy and interoperability.
Alternatively, you may choose to focus on a specific blockchain technology such as Ethereum, Hyperledger, or Corda. Each of these technologies has its unique features and use cases, and specializing in one of them can allow you to develop deeper expertise and offer more tailored consulting services to clients. For instance, a consultant with expertise in Ethereum may advise clients on developing smart contracts and decentralized applications on the Ethereum network.
You may also choose to specialize in a specific type of service, such as strategy, implementation, or security. As a strategy consultant, you may advise clients on how to integrate blockchain technology into their business processes, while an implementation consultant may help clients develop and deploy blockchain solutions. A security consultant may focus on assessing and mitigating the security risks associated with blockchain implementations.
Defining your consulting niche can help you focus your skills and expertise, and position yourself as an expert in a specific area of the blockchain industry. This can help you attract clients and establish a successful consulting career in the long run.
Establishing your personal brand is crucial to success in any consulting career, including the blockchain industry. Here are some key steps to building your personal brand:
A. Creating an online presence: Develop a personal website and LinkedIn profile to showcase your skills, experience, and interests. Use a professional headshot and optimize your profile for relevant keywords related to blockchain consulting.
B. Publishing content: Share your expertise by publishing articles and blog posts on blockchain topics. This can help establish you as a thought leader and increase your visibility in the industry.
C. Speaking at events: Participate in blockchain conferences, webinars, and meetups. This provides an opportunity to share your insights and network with others in the industry.
D. Building a network: Build relationships with other blockchain professionals, both online and offline. Join relevant industry groups and engage with other professionals on social media platforms like Twitter and LinkedIn.
By establishing your personal brand, you can position yourself as a knowledgeable and experienced blockchain consultant and stand out in a competitive industry.
Developing a solid consulting business plan is essential for success in the blockchain industry.
Here are some key steps to take when creating a business plan:
Firstly, its important to define your target market and ideal clients. Consider the industries and businesses that can benefit most from your blockchain consulting services. Research and identify potential clients that fit your ideal profile and determine their specific needs and pain points.
Next, determine your service offerings and pricing strategy. Decide on the services you will offer, such as strategy development, implementation, or security consulting. Consider the value you are bringing to your clients and set competitive and reasonable pricing.
Develop marketing and sales strategies to promote your services to potential clients. Consider using a mix of tactics, such as content marketing, social media advertising, and attending industry events to raise awareness and generate leads.
Set up the legal and financial structure of your consulting business. Choose a business structure that suits your needs and seek legal and financial advice to ensure compliance with relevant regulations and tax laws. This includes obtaining any necessary licenses or certifications.
By following these steps, you can create a strong and effective business plan for your blockchain consulting career.
To succeed in a consulting career in the blockchain industry, it is crucial to seek out clients and opportunities. Here are some strategies to help you get started:
A. Leverage your professional network: Reach out to your network of colleagues, mentors, and industry contacts to let them know about your consulting services. This can be an effective way to get your foot in the door with potential clients and build your reputation in the industry.
B. Partner with other consultants or consulting firms: Collaborating with other consultants or firms can help you expand your offerings and reach a broader client base. Look for opportunities to team up with other professionals in the blockchain industry who have complementary skills and expertise.
C. Attend industry events and conferences: Attend conferences, meetups, and other industry events to network with potential clients and learn about new trends and developments in the industry. Be sure to bring business cards and be prepared to talk about your consulting services.
D. Utilize freelance platforms and job boards: Consider signing up for freelance platforms and job boards that specialize in blockchain-related projects. These platforms can connect you with clients who are looking for blockchain expertise and help you build your portfolio of consulting work.
By actively seeking out clients and opportunities, you can establish yourself as a trusted and knowledgeable consultant in the blockchain industry. Remember to be proactive, persistent, and always looking for new ways to grow your consulting business.
The blockchain industry presents a wealth of opportunities for aspiring consultants to build a rewarding career. As the industry continues to grow and mature, the demand for blockchain expertise and consulting services is likely to increase. However, success in this field requires continuous learning and staying current with the latest industry trends, as well as developing relevant skills and establishing a strong personal brand. By defining your consulting niche, developing a business plan, and seeking out clients and opportunities, you can build a successful career as a blockchain consultant while contributing to the growth and adoption of this revolutionary technology.
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Steps to A Blockchain Industry Consulting Career: Maximizing ... - Cryptopolitan
Justice Dept. Seizes Over $112M in Funds Linked to Cryptocurrency … – Department of Justice
LOS ANGELES The Department of Justice announced today that it has seized virtual currency worth an estimated $112 million linked to cryptocurrency investment scams commonly called pig butchering.
Seizure warrants for six virtual currency accounts were authorized by judges in Los Angeles, the District of Arizona, and the District of Idaho. In the Los Angeles matter, a United States magistrate judge authorized the seizure of an account containing approximately $66.4 million in various cryptocurrencies after finding probable cause that the funds were derived from wire fraud schemes.
According to court documents, the six virtual currency accounts were used to launder proceeds of various cryptocurrency confidence scams. In these schemes, fraudsters cultivated long-term, online relationships with victims, eventually enticing them to make investments in fraudulent cryptocurrency trading platforms. In reality, the funds sent by victims for these purported investments were instead funneled to cryptocurrency addresses and accounts controlled by scammers and their co-conspirators.
The victims in Pig Butchering schemes are referred to as pigs by the scammers because the scammers will use elaborate storylines to fatten up victims into believing they are in a romantic or otherwise close personal relationship, according to the affidavit in support of the Los Angeles seizure warrant. Once the victim places enough trust in the scammer, the scammer brings the victim into a cryptocurrency investment scheme.
The scammer attempts to create the appearance of legitimacy by fabricating websites or mobile apps to display a bogus investment portfolio with large returns, the affidavit states. In relation to the Los Angeles-based account seizure, the FBI has identified at least 10 victims who were unable to withdraw funds they had invested, with the seized account containing some funds from all 10 victims.
Authorities executed the Los Angeles seizure warrant in December and received the last transfer of cryptocurrency on March 21.
Using the methods of traditional con artists, high-tech fraudsters have taken advantage of the publicity and hype surrounding cryptocurrency to encourage an untold number of Americans to invest in get-rich-quick schemes, said United States Attorney Martin Estrada. We all know that investment scams are not new, but the use of digital currency to commit fraud presents new challenges to victims and to law enforcement trying to recover lost funds which likely total billions of dollars in the so-called pig butchering schemes. The major seizures announced today show that law enforcement is confronting the new challenges and taking strong measures to address this fraud, but the public should be extremely wary of investment scams that use cryptocurrency and promise unrealistic returns.
The affidavit in the Los Angeles seizure warrant discussed a series of cryptocurrency investment scams, one of which targeted a professional woman who was contacted on LinkedIn by a man who used the name Fei Kuang. After learning that the victim already had a small cryptocurrency account, Fei Kuang offered to help the victim, eventually convincing her to invest more money and to move her funds to another, presumably fraudulent, trading exchange. When she tried to withdraw her funds, she was told she had to pay a 20% in taxes. When the trading platform continued to demand more money, the woman realized she was the victim of a scam which cost her approximately $2.5 million.
Transnational criminal organizations are combining confidence scams with technological savvy to swindle Americans out of their hard-earned funds, said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Departments Criminal Division. These particularly vicious frauds where scammers carefully cultivate relationships with their victims over time have devastated families and cost individuals their life savings. Now that we have seized this virtual currency, we will seek to swiftly return it to victims. In addition to our tireless efforts to disrupt these schemes, we must also work to raise public awareness and help inform potential victims: be wary of people you meet online; seriously question investment advice, especially about cryptocurrency, from people you have not met in person; and remember, investments that seem too good to be true, usually are.
In 2022, investment fraud caused the highest losses of any scam reported by the public to the FBIs Internet Crimes Complaint Center (IC3), totaling $3.31 billion. Frauds involving cryptocurrency, including pig butchering, represented most of these scams, increasing 183% from 2021 to $2.57 billion in reported losses last year.
According to the FBI, the highest number of reports came from victims between the ages of 30 and 49. In these schemes, often called Sha Zhu Pan, a Chinese phrase that loosely translates to pig butchering, scammers often target their victims through social networking and online communications platforms, dating websites, and phone calls and text messages that are meant to appear to have been misdialed. After gaining the trust of their victims sometimes over a period of months scammers eventually introduce the idea of trading in cryptocurrency. They then direct victims to cryptocurrency investment platforms or to co-conspirators posing as investment advisors or customer service representatives. Scammers control websites that are built to look like legitimate trading platforms, applications that victims download onto their phones, or malicious smart contracts accessed through cryptocurrency wallet software.
Once victims make an initial investment, the platforms purport to show substantial gains. Sometimes, victims are even allowed to withdraw some of these initial gains to further engender trust in the scheme. It is not until a large investment is made that victims find that they are unable to withdraw their funds.
Even when a victim is denied access to their funds, the fraud is often not yet over. Scammers request additional investments, taxes or fees, promising that these payments will allow victims access to their accounts. These scam operations often continue to steal from their victims and do not stop until they have deprived victims of any remaining savings.
Depriving scam organizations of their ill-gotten gains is an important part of our strategy to combat these ruthless schemes, said Director Eun Young Choi of the Criminal Divisions National Cryptocurrency Enforcement Team (NCET). We will continue to use all tools at our disposal to disrupt and deter cryptocurrency confidence schemes, including by following the money on the blockchain and seizing cryptocurrency to return funds to victims, and by targeting and taking down online infrastructure used by the scammers. Todays announcements also demonstrate the value of early notification by victims to law enforcement; we thank those victims who came forward to notify the FBI when they were targeted by this scheme.
The FBI Phoenix Division is investigating the matter that resulted in seizures announced today.
Assistant United States Attorney Daniel Boyle of the Asset Forfeiture and Recovery Section is handling the Los Angeles case. The other cases are being handled by the District of Arizona and the District of Idaho. The NCET and the Criminal Divisions Fraud Section provided substantial assistance and coordination.
If you or someone you know is a victim, visit http://www.fbi.gov/cryptoguard, contact your local FBI field office (the Los Angeles Field Office can be reached at 310-477-6565), call 1-800-CALL-FBI, or report it to IC3.gov. In your complaint, please reference, Pig Butchering PSA. Include as much information as possible in your complaint including names of investment platforms, cryptocurrency addresses and transaction hashes, bank account information, and names and contact information of suspected scammers. Maintain copies of all communications with scammers and records of financial transactions.
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Justice Dept. Seizes Over $112M in Funds Linked to Cryptocurrency ... - Department of Justice
Utah DAOs and Donts: New Law Provides Limited Liability for … – JD Supra
New crypto legislation is skiing down Utahs silicon slopes. On March 13, 2023, the Utah Decentralized Autonomous Organizations Act was signed into law, taking effect on January 1, 2024.
While other states such as Wyoming, Tennessee, and Vermont have enacted legislation enabling decentralized autonomous organizations to be formed as limited liability companies, Utah is the first state to classify DAOs as a distinct legal entity a limited liability decentralized autonomous organization. Key provisions of the Utah DAO Act are described below.
An LLD is an organization that exists as a set of rules encoded on a permissionless blockchain in one or more smart contracts. LLDs may have different classes of members but must be formed by at least one natural person.
An LLD is primarily governed by the Utah DAO Act and the organizations bylaws, except where both are silent the Utah Revised Uniform Limited Liability Company Act governs.
Traditionally, small privately-held legal entities, such as corporations, are not required to submit their bylaws to regulators. However, the Utah DAO Act includes unique protective measures governing an LLDs software. For instance, the Utah DAO Act requires each LLD to provide the Utah Division of Corporations with evidence that its software code has undergone quality assurance and that it has a graphical user interface from which all transactions originating from, or addressed to, the LLDs smart contracts can be monitored.
Members of an LLD are only liable for their on-chain contributions to the LLD. Members are not personally liable for the actions of other members nor are they personally liable for any of the LLDs obligations in excess of its assets, except that LLD members who vote for the LLD to not comply with a court-ordered remedy may be personally liable in proportion to each of their shares of governance rights in the LLD.
The Utah DAO Act specifically permits any DAO member to be represented by a proxy who has the power to exercise all of the DAO members rights, including voting. However, the bylaws may limit a proxys power.
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Utah DAOs and Donts: New Law Provides Limited Liability for ... - JD Supra