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Here’s Why Avalanche’s Cryptocurrency Is Surging Today – Motley Fool

November 17, 2021 | Author: admin

Avalanche's cryptocurrency token price has skyrocketed more than 3,300% this year. Key Points

Avalanche(CRYPTO:AVAX) is up big in today's trading despite bearish pressure impacting the broader cryptocurrency space. The token was up roughly 13% over the previous 24-hour period as of 4 p.m. ET.

Ava Labs CEO and Avalanche founder Emin Gun Sirer announced a new partnership with consulting and financial advisory firm Deloitte on Nov. 16 that will involve building disaster relief software platforms on the Avalanche blockchain. It was the latest sign that the blockchain network and its Avax token are seeing rapidly strong adoption and investment.

Image source: Getty Images.

Emin Gun Sirer's announcement that Ava Labs is working with Deloitte and using Avalanche to improve the security, speed, and accuracy of Federal Emergency Management Agency (FEMA) funding has helped spur big gains for the network's cryptocurrency. The Close As You Go platform is built on the Avalanche blockchain and will provide government officials with a secure, low-cost system that will hopefully minimize fraud and waste thanks to improved transparency.The Avax token is now up roughly 26% over the last seven days of trading.

Avalanche is a competitor to Ethereum. It provides a blockchain network for building decentralized finance (DeFi) applications. Users spend its Avax tokens in order to facilitate services and transactions. Deloitte is a major provider of financial advisory and consulting services, and the company opting to build projects on Avalanche is a promising sign. If more major projects continue to be built on the Avalanche blockchain, that should work to drive the price of the Avax token higher.

Avalanche now has a market capitalization of roughly $23.7 billion, and it ranks as the twelfth-largest cryptocurrency by market cap.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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1 Top Cryptocurrency to Buy Instead of Shiba Inu – Motley Fool

November 17, 2021 | Author: admin

Shiba Inu (CRYPTO:SHIB) is the latest cryptocurrency to go viral, skyrocketing over 77,000,000% in the past year. At that pace, you would be a millionaire today if you had invested just $1.30 in Shiba Inu last November. Unfortunately, a repeat performance is highly unlikely, so if you want to invest in cryptocurrency, the best course of action is to pick one with real potential.

For instance, Solana (CRYPTO:SOL) was built with a purpose, and it offers far greater functionality than Shiba Inu. Here's what you should know.

Image source: Getty Images.

Solana was created by Anatoly Yakovenko, a former lead developer of operating systems for the chipmaker Qualcomm. Drawing on that engineering expertise, Yakovenko designed Solana as a developer platform for fast, scalable applications.

Specifically, Solana is a programmable blockchain, meaning it supports smart contracts. That's a fancy term for self-executing computer programs that allow transactions to take place without third-party oversight. To that end, smart contracts form the core of decentralized finance (DeFi) applications, tools that allow consumers to lend, borrow, or trade cryptocurrency without going through a bank. And by eliminating the intermediary, DeFi applications promise to cut costs and improve access to financial services.

Currently, the value of Solana that is locked in DeFi applications sits at $14.2 billion, making it the third largest DeFi ecosystem behind Ethereum and Binance. However, Solana has an edge that could eventually propel it to the top of the list. Specifically, it's currently the best performing blockchain in the world, offering throughput of 50,000 transactions per second (TPS) and near-instant finalization times.To put that in perspective, Ethereum currently handles just 30 TPS, and it takes five minutesfor those transactions to be finalized (i.e. permanently incorporated into the blockchain).

More importantly, even if Solana never surpasses Ethereum, its position as the third largest DeFi ecosystem is still an advantage. DeFi services aren't free. Users must pay transaction fees in the form of cryptocurrency to access those services. So if Solana's DeFi ecosystem continues to grow, Solana's price should continue to climb. That's why this cryptocurrency looks like a smart long-term investment.

In August 2020, Shiba Inu made its debut, featuring the canine mascot popularized by Dogecoin. That was no accident. The project's mysterious creator, known as Ryoshi, has promoted the cryptocurrency as the "Dogecoin killer," highlighting its greater publicity and (more importantly) its greater utility. And that's true, in theory.

Shiba Inu is an ERC-20 token, a smart contract built on the Ethereum blockchain. That means it's compatible with the entire Ethereum ecosystem, including a robust array of DeFi applications. However, that compatibility remains theoretical. At this point, Shiba Inu has not been widely integrated into DeFi products, and its utility is still quite limited.

More importantly, Shiba Inu is hardly unique. Hundreds of other ERC-20 tokens exist, and many have far greater functionality. For instance, Tether is designed to track the U.S. dollar, allowing investors to keep money in the cryptocurrency markets while avoiding volatility. And Chainlink is designed to feed real-world data to smart contracts on the blockchain, making it possible to tokenize physical assets (e.g. artwork, real estate).

In short, Shiba Inu's soaring price has been driven by popularity and nothing else. And popularity alone is not a good investment thesis, as it can evaporate overnight. That doesn't mean Shiba Inu's price won't go up from here. It could double tomorrow. But over the long term, Solana looks like the better investment.

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1 Top Cryptocurrency to Buy Instead of Shiba Inu - Motley Fool

Opinion: I wish I had realized cryptocurrency wasnt a fluke – The San Diego Union-Tribune

November 17, 2021 | Author: admin

Totten is an opinion editor and producer at The San Diego Union-Tribune. She lives in North Park.

In 2013, I started a new job as a reporter at the Las Vegas Review-Journal.

My beloved alt-weekly, CityLife, had just folded and the editor of the R-J was kind enough to let me interview for a new beat: transportation or technology.

The choice was obvious. Las Vegas was experiencing a tech boom at the time. The late Zappos CEO Tony Hsieh had descended on downtown with a plan to buy real estate, seed startups and build community. Starry-eyed aspiring Zuckerbergs had flocked to the citys once-decrepit core, bringing with them online services you never knew you needed and insatiable appetites for networking and booze.

Every night there was a meetup of some kind or another, which is where I found my first story.

We provide this platform for community commentary free of charge. Thank you to all the Union-Tribune subscribers whose support makes our journalism possible. If you are not a subscriber, please consider becoming one today.

At the time, Bitcoin was about 4 years old. People had heard of it, but few were familiar. It was an unregulated so-called cryptocurrency, not affiliated with any country, and from what most people knew from the FBI crackdown on Silk Road, it was a covert way to buy drugs or hire hit men on the internet.

But it was becoming more than that, flirting with legitimacy as the Winklevoss twins the literal tech bros who claimed Facebook was their idea had filed to create a company that would trade Bitcoin like stocks.

I went looking for a local enthusiast to explain this world to me, and I found Julian Tosh. Tosh had gotten interested in crypto to teach his daughters about investing, and ran a website that listed brick-and-mortar businesses that took Bitcoin. We met at a kabob place across from the airport, where he helped me set up a Coinbase wallet and traded me $10 cash for a fraction of a coin. Although a few IRL businesses in town accepted it you could get your car fixed, or your teeth cleaned, or buy a chicken shawarma gyro, like I did that day, for the equivalent of $7 it felt more gimmicky than anything. It could be used to buy things, but its real value was the ability to send money instantly, to anyone anywhere in the world, without exchanging currency or paying bank fees or letting a government tell you how to do it.

But it was also sketchy, or at least a lot less user friendly, at that time. You couldnt just cash out your Bitcoin in your bank account you had to find a person to sell it to, either in person, like I did with Tosh, or to a stranger online you hoped would carry out their end of the deal.

The latter is what I did in 2017, when Bitcoin rose from about $1,000 per coin to over $20,000 in a year. It was all over the news, this still-esoteric new money that was turning working-class Americans into one-percenters overnight. There was just one problem: I had forgotten my password.

The thing about cryptos unregulated nature, at least back then, is that it was tricky. If you forgot the password to your wallet, there were no reset buttons or customer service reps who could take your social security number or ask for your mothers maiden name to verify your identity. The whole point was to leave your particulars out of the equation. So I tried off and on for weeks, and then somehow I finally cracked it.

The change I had forgotten in my account four years ago was worth almost $400. Despite Bitcoins spectacular ascent, I still thought of it as a fluke, a passing trend. So I sold it to a friend of a friend, who sent me the cash value on Venmo.

Ecstatic to collect my greatest investment to date, I dashed to Facebook to tell my old editor. I had just made over $300 from $3!

Great deal, he replied. If you dont stop to ponder how much that sandwich cost you.

Slightly deflated, I still took pleasure in my unlikely come up.

Bitcoin fell shortly thereafter, validating my suspicions, and hovered around $10,000 per coin for two years. Then, last year during the pandemic, it neared $20,000 again before soaring to an all-time high of $68,521 just two weeks ago. I still lament how much that sandwich cost me, and how my $3 change would now be worth thousands. I wish I had realized it wasnt a fluke.

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Regulations for Bitcoin, Other Cryptocurrency Sought in Congress | Bloomberg Government – Bloomberg Government

November 17, 2021 | Author: admin

A top House Republican is seeking to regulate cryptocurrencies, including Bitcoin and Ethereum, by setting clear jurisdictions for how the government oversees the industry a new financial frontier.

We have an opportunity and a responsibility to be leaders in the digital assets space to protect consumers, foster innovation, and reduce regulatory burdens, said House Agriculture Committee ranking member Glenn GT Thompson (R-Pa.), who will release a discussion draft text Tuesday. His panel oversees commodity markets.

The move is an opening bid to come to a bipartisan consensus on how to regulate a new and evolving form of currency. GOP staffers who helped craft the proposal said Thompson hopes it will spark discussions with Democratic colleagues.

Cryptocurrency, digital currency that emerged in the 21st century, functions through investments. Thats somewhat similar to the traditional stock market, as described by the Nasdaq Stock Market Inc. Lawmakers, whose views on cryptocurrency range from skepticism to idealism, are trying to bring clarity to a burgeoning marketplace, which currently functions with vague rules.

Senators Seek Crypto Reporting Fix as Biden Signs Infrastructure Bill

More than one out of 10 Americans bought or traded cryptocurrencies from June 2020 to June 2021, a survey by NORC, a research organization at the University of Chicago, found.

Cryptocurrency uses blockchain, a type of technology that acts as a ledger to track transactions, IBM Corp. reports. Blockchain is decentralized, so it doesnt rely on one particular system, but a network. Decentralization makes data recovery easier and doesnt require trust among network members, as each one has access to the exact same record of information, Blockchain Council argues.

Mario Tama/Getty Images

A Bitcoin ATM stands in a 7-Eleven store in Los Angeles as the cryptocurrencys price soared on Nov. 10, 2021.

Bitcoin was the first decentralized cryptocurrency, created following the Great Recession of 2008 by Satoshi Nakamoto. The inventors name is thought to be a pseudonym. Other popular cryptocurrencies include Ethereum, Binance Coin, and Solana.

Both the House and Senate agriculture panels oversee the Commodity Futures Trading Commission. The independent federal agency regulates commodity futures and markets for swaps, agreements between two parties to exchange cash flows in the future based on an underlying price or instrument.

Thompson said he hopes to involve this group of lawmakers in monitoring cryptocurrency. His draft text is meant to solicit feedback from stakeholders, regulators, and lawmakers to ensure we advance the best possible framework as American innovators build the next generation of digital infrastructure, he said in a statement.

Because the bill has yet to be formally introduced, it lacks cosponsors.

Thompsons measure would plug rifts between the CFTC and the U.S. Securities and Exchange Commission by drawing clear jurisdictions over how the government oversees cryptocurrency. It would extend the CFTCs existing framework to digital commodities, letting the agency register and regulate them as a new type of entity.

Federal requirements would then fall on a registered Digital Commodity Exchange. Conditions would involve monitoring trading activity, barring abusive trading practices, public reporting of trading information, and more.

While registration would be voluntary, the proposal would offer incentives, including working with a single regulator and eligibility to provide leveraged trading.

The SECs role in the process is still to be determined, a Republican policy staffer said. But the commission would continue its responsibility of monitoring entities that raise money in this case to develop a digital commodity project, ensuring that they abide by the relevant securities laws.

The typical cryptocurrency investor is under age 40 and lacks a college degree, the NORC survey reports. Those interested in cryptocurrency come from diverse backgrounds, as 44% of traders dont identify as White and 41% are women.

However, questions remain from the general public about how cryptocurrency works. The top reason that NORC survey respondents didnt put money toward cryptocurrency is because they reported not understanding it enough.

Cryptocurrencies may have staying power as an investment option, but our hunch is that they will continue to lag behind more traditional investment opportunities for the foreseeable future, said Mark Lush, a manager in the Economics, Justice, and Society department at NORC, in a press release for the survey.

Tesla Inc. CEO Elon Musk is among the public personalities who are outspoken about experimenting in crypto. The billionaire warns to use caution.

Dont bet the farm on crypto! he tweeted on Oct. 24. True value is building products & providing services to your fellow human beings, not money in any form.

To contact the reporter on this story: Megan U. Boyanton in Washington at mboyanton@bgov.com

To contact the editors responsible for this story: Fawn Johnson at fjohnson@bloombergindustry.com; Robin Meszoly at rmeszoly@bgov.com

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Look Out, Dogecoin and Shiba Inu: This Might Be the Next Breakout Cryptocurrency – Motley Fool

November 17, 2021 | Author: admin

Dogecoin (CRYPTO:DOGE) started out as a joke, but plenty of investors laughed all the way to the bank as the cryptocurrency skyrocketed. Sure, it's close to 65% below the high set in May. However, anyone who bought the digital coin 12 months ago and held on is sitting on a gain of nearly 9,300%.

Shiba Inu (CRYPTO:SHIB) has been a much bigger winner so far this year. It's up a mind-blowing 95,279,000% or so over the last year. There are millionaires and even billionaires who owe their fortunes to the popular token.

But it will be very difficult for Dogecoin and Shiba Inu to repeat these performances over the next 12 months. However, there are other digital tokens that hold the potential for ginormous gains. Look out Dogecoin and Shiba Inu -- there's one rival that just might be the next breakout cryptocurrency.

Image source: Getty Images.

The obvious common denominator between Dogecoin and Shiba Inu is that they both use the Shiba Inu hunting dog as a symbol. However, there's also another tie between the cryptocurrencies: Both are linked with Tesla (NASDAQ:TSLA) CEO Elon Musk.

Musk, the self-proclaimed "Dogefather," has been a vocal supporter of Dogecoin. And though he doesn't personally own Shiba Inu tokens, his tweets of photos of his Shiba Inu puppy have driven the cryptocurrency price higher.

Now, arguably the ultimate Elon Musk token has arrived.Elonomics (CRYPTO:ELONOM) began trading on Oct. 25. It's inspired by and named after the Tesla leader. Elonomics even uses a picture of a person who resembles Musk wearing a Viking horned helmet on its logo.

The new cryptocurrency is based on the Binance (CRYPTO:BNB) Smart Chain blockchain. Owners of Elonomics are rewarded in Binance stable coins.

At 6 p.m. on Sunday, Nov. 7, 2021, Elonomics traded at $3.51. At the same time on the next day, the token had soared to $77.47. That's a gain of more than 2,100% in just 24 hours. Elonomics was the best-performing cryptocurrency of the day, easily beating Dogecoin and Shiba Inu.

The cryptocurrency has delivered other massive jumps in recent days as well. On Nov. 12, Elonomics vaulted 575% higher over a 24-hour period. So is the token headed to the moon? Maybe, but not without some trips back to Earth along the way.

Despite those impressive single-day gains, Elonomics is down 90% since its launch as of the time of this writing. So far, the token has experienced more negative days than up days.

To borrow a line from the great rock bank AC/DC, it's a long way to the top if you want to be the most popular cryptocurrency. There are many other digital coins that their owners hope will be the next Dogecoin or Shiba Inu. Can Elonomics be successful? It's possible.

The new cryptocurrency uses a rebase mechanism where an algorithm increases or decreases the total supply of the token. The idea behind rebase is that it could create a fear of missing out (FOMO) effect that attracts more investors to buy Elonomics and will give the token a "forever bullish" chart, according to the developer.

However, one of the key things that drives the value of a cryptocurrency is its availability on exchanges. Currently, Elonomics can be bought using the TrustWallet and MetaMask crypto wallets. It isn't yet available on leading exchanges such as Coinbase, though.

Still, Elonomics has attracted attention with its big one-day gains. Several major media outlets have run articles about it.Positive publicity can make or break a cryptocurrency. And who knows -- maybe even a certain eccentric billionaire might decide to tweet about his namesake. If so, Elonomics really could be the next breakout cryptocurrency.

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Can you leave cryptocurrency to your heirs? Here’s how to do it safely – MarketWatch

November 17, 2021 | Author: admin

This article is reprinted by permission from NerdWallet.

If youre merely dipping your toe incryptocurrency, it can be hard to imagine your crypto as something worth talking to an estate attorney about. But that $100 in fun money could grow to a significant percentage of your total investments, sometimes overnight. Sorry to be a downer, but YOLO so make a plan for your crypto in the event you die.

Crypto accountsarent like traditional investment accounts. They can be more vulnerable to security issues, and you generally cant name a beneficiary. For example, if you store your crypto on a physical device at home and a few friends know your key a password of sorts that grants access to a crypto wallet one of those so-called friends could wander into your house and steal your crypto as easily as they could walk off with your great-grandmothers diamond earrings. Or, if you shared the keys with no one, your crypto is lost forever.

Its important to understand how to safely store your crypto and communicate your wishes with your loved ones, just like you would with any other valuable asset.

You trade and store crypto in wallets, but not the leather kind.Crypto walletscan either be digital and managed on an app or website, or physical like a thumb drive. The kind you choose depends on what you intend to do with your crypto.

The hot wallet is like a checking account with money moving in and out while the cold wallet is more like a savings account, where you park money for a longer time. You can have both at the same time.

Whoever holds the keys that is, who maintains custody over a password of randomly generated numbers and letters has access to your crypto. It could be you, a third-party crypto exchange or a hybrid of both.

Dont keep more than youre willing to lose on a third-party exchange as a long-term solution, says Alex Mejias, founder and managing attorney at James River Law in Richmond, Virginia. You dont control the keys. They could freeze your funds or get attacked. Mejias recommends a self-custody or hybrid option as the value of your crypto grows.

Also see: A simple checklist to get your wishes met later in life

A cold wallet can be a small physical storage device thats easy to misplace. Your cold wallet requires a PIN code for access, plus you set up a recovery phrase as a backup in case you lose your key. According to Mejias, a fireproof safe at home or a safety deposit box at a bank is a must, but dont store your cold wallet in the same place as the note containing your key, PIN and recovery phrase. If someone finds all of those items together, its bye-bye bitcoin BTCUSD, +0.53%.

Above all, design a storage method that makes sense. Dont get so cute that you make some complicated system that you cant remember, Mejias says. Hes heard of people writing down their keys and cutting the paper into three pieces, hiding each piece in a separate location. It sounds like a good idea, but its a horrible idea. If you lose one of those three, its gone forever. Youve tripled your risk.

Related: The 5 most common questions about trusts

Name a beneficiary in your will and add a document to your estate plan that lists your crypto assets and any passwords, PINs, keys and instructions to find your cold wallet. If you have an account at a cryptocurrency exchange, your beneficiary can contact customer support to notify them of your death.

According to a Coinbase COIN, +1.29% representative, there is a process in place to guide next of kin, including one-on-one assistance from a Coinbase analyst. Gemini requires a death certificate and power of attorney to initiate a transfer out of a deceased persons account.

We hope to simplify this process in the future, so we are working to add account beneficiaries functionality to our platform, a Gemini representative said in an email.

Also see: Crypto reasonable to own as part of a diversified portfolio, but dont expect Apple to take bitcoin payment soon, says Tim Cook

Ensure that your assets will go to the right people by keeping your estate plan updated, especially after a life change like marriage or divorce. Provide up-to-date instructions so beneficiaries can access your assets. Cold wallets need maintenance, too, in the form of periodic firmware updates. This can help lessen the burden on your loved ones and hopefully prevent fights as they settle your estate after your death.

Crypto has the potential to be a very explosive thing because the value can be so huge so quickly, Mejias says. When you think about five, 10 years from now, were potentially talking about a whole lot of money.

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies.

New cryptocurrency firm used to be known as Mechanical Technology – Times Union

November 17, 2021 | Author: admin

ALBANY The Capital Region is now home to a publicly traded cryptocurrency mining firm named Soluna Holdings (Nasdaq: SLNH).

But the company has actually been around a while, just operating under a different name and business strategy.

Until recently, Soluna was known as Mechanical Technology, a longtime publicly traded company that makes sophisticated test and measurement machines used in the aviation and semiconductor sectors.

But after a private equity firm known as Brookstone Partners invested several million dollars in Mechanical Technology back in 2016, the company began undergoing a significant transformation, including getting into the cryptocurrency market, using high-end computers to "mine" for cryptocurrency, or digital currency.

It's not like mining for gold or silver. Cryptocurrency mining is the process by which a certain type of cryptocurrency is able to grow.

When a cryptocurrency is used to buy something, the underlying details of the transaction are then confirmed by miners or mining companies. This decentralized system of auditing cryptocurrency transactions is designed to prevent fraud. The miners, or mining companies, have to use computing power to solve complex mathematical problems in order to verify a transaction or a portion of a transaction.

But these miners or mining companies aren't paid in dollars. In fact, they may not get paid at all. The first miner to solve a certain transaction is then awarded newly issued cryptocurrency, the incentive that drives the industry in the first place and keeps it operating.

Earlier this month, Mechanical Technology acquired a company called Soluna Computing and then changed its own name to Soluna as part of its total transformation into a cryptocurrency mining company.

Soluna says that what sets it apart from other cryptocurrency companies is that it is addressing the biggest complaint about cryptominingcompanies, which is that they use too much electricity to power their data centers that mine for cryptocurrency.

Instead, Soluna buys "excess" electricity from renewable energy companies that operate wind or solar farms. Because these renewable energy sources can vary throughout the day and often face bottlenecks in the electrical transmission grid, they sometimes end up with excess power they cannot sell.

Soluna has vowed to power its data centers on this excess renewable energy, which is a novel idea.

The change in the company's strategy appears to be paying off. During the third quarter of 2021, Soluna's revenues increased 54 percent to $5.1 million, of which $3.1 million was from its growing cryptomining business.

Cryptominers measure their workload through what is known as hashes, which are produced when an encrypted file for a cryptocurrency transaction is verified.

The more computing power a cryptomining firm has, the more hashing it can do, and the more cryptocurrency it can earn.

Soluna wants to build up its computing power to be able to complete one quintillion hashes per second in the coming months, what is known in the industry as reaching 1 "exahash" of computing, a considerable milestone.

"Watch us scale," CEO Michael Toporek said in a statement issued Monday when the company released its quarterly financial results.

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City of Williston introduces first cryptocurrency machine at Williston Basin Airport – Williston Daily Herald

November 17, 2021 | Author: admin

Country

United States of AmericaUS Virgin IslandsUnited States Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth of theCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People's Socialist Republic ofAlgeria, People's Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory South of 60 deg S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People's Republic ofBarbadosBelarusBelgium, Kingdom ofBelizeBenin, People's Republic ofBermudaBhutan, Kingdom ofBolivia, Republic ofBosnia and HerzegovinaBotswana, Republic ofBouvet Island (Bouvetoya)Brazil, Federative Republic ofBritish Indian Ocean Territory (Chagos Archipelago)British Virgin IslandsBrunei DarussalamBulgaria, People's Republic ofBurkina FasoBurundi, Republic ofCambodia, Kingdom ofCameroon, United Republic ofCape Verde, Republic ofCayman IslandsCentral African RepublicChad, Republic ofChile, Republic ofChina, People's Republic ofChristmas IslandCocos (Keeling) IslandsColombia, Republic ofComoros, Union of theCongo, Democratic Republic ofCongo, People's Republic ofCook IslandsCosta Rica, Republic ofCote D'Ivoire, Ivory Coast, Republic of theCyprus, Republic ofCzech RepublicDenmark, Kingdom ofDjibouti, Republic ofDominica, Commonwealth ofEcuador, Republic ofEgypt, Arab Republic ofEl Salvador, Republic ofEquatorial Guinea, Republic ofEritreaEstoniaEthiopiaFaeroe IslandsFalkland Islands (Malvinas)Fiji, Republic of the Fiji IslandsFinland, Republic ofFrance, French RepublicFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabon, Gabonese RepublicGambia, Republic of theGeorgiaGermanyGhana, Republic ofGibraltarGreece, Hellenic RepublicGreenlandGrenadaGuadaloupeGuamGuatemala, Republic ofGuinea, RevolutionaryPeople's Rep'c ofGuinea-Bissau, Republic ofGuyana, Republic ofHeard and McDonald IslandsHoly See (Vatican City State)Honduras, Republic ofHong Kong, Special Administrative Region of ChinaHrvatska (Croatia)Hungary, Hungarian People's RepublicIceland, Republic ofIndia, Republic ofIndonesia, Republic ofIran, Islamic Republic ofIraq, Republic ofIrelandIsrael, State ofItaly, Italian RepublicJapanJordan, Hashemite Kingdom ofKazakhstan, Republic ofKenya, Republic ofKiribati, Republic ofKorea, Democratic People's Republic ofKorea, Republic ofKuwait, State ofKyrgyz RepublicLao People's Democratic RepublicLatviaLebanon, Lebanese RepublicLesotho, Kingdom ofLiberia, Republic ofLibyan Arab JamahiriyaLiechtenstein, Principality ofLithuaniaLuxembourg, Grand Duchy ofMacao, Special Administrative Region of ChinaMacedonia, the former Yugoslav Republic ofMadagascar, Republic ofMalawi, Republic ofMalaysiaMaldives, Republic ofMali, Republic ofMalta, Republic ofMarshall IslandsMartiniqueMauritania, Islamic Republic ofMauritiusMayotteMicronesia, Federated States ofMoldova, Republic ofMonaco, Principality ofMongolia, Mongolian People's RepublicMontserratMorocco, Kingdom ofMozambique, People's Republic ofMyanmarNamibiaNauru, Republic ofNepal, Kingdom ofNetherlands AntillesNetherlands, Kingdom of theNew CaledoniaNew ZealandNicaragua, Republic ofNiger, Republic of theNigeria, Federal Republic ofNiue, Republic ofNorfolk IslandNorthern Mariana IslandsNorway, Kingdom ofOman, Sultanate ofPakistan, Islamic Republic ofPalauPalestinian Territory, OccupiedPanama, Republic ofPapua New GuineaParaguay, Republic ofPeru, Republic ofPhilippines, Republic of thePitcairn IslandPoland, Polish People's RepublicPortugal, Portuguese RepublicPuerto RicoQatar, State ofReunionRomania, Socialist Republic ofRussian FederationRwanda, Rwandese RepublicSamoa, Independent State ofSan Marino, Republic ofSao Tome and Principe, Democratic Republic ofSaudi Arabia, Kingdom ofSenegal, Republic ofSerbia and MontenegroSeychelles, Republic ofSierra Leone, Republic ofSingapore, Republic ofSlovakia (Slovak Republic)SloveniaSolomon IslandsSomalia, Somali RepublicSouth Africa, Republic ofSouth Georgia and the South Sandwich IslandsSpain, Spanish StateSri Lanka, Democratic Socialist Republic ofSt. HelenaSt. Kitts and NevisSt. LuciaSt. Pierre and MiquelonSt. Vincent and the GrenadinesSudan, Democratic Republic of theSuriname, Republic ofSvalbard & Jan Mayen IslandsSwaziland, Kingdom ofSweden, Kingdom ofSwitzerland, Swiss ConfederationSyrian Arab RepublicTaiwan, Province of ChinaTajikistanTanzania, United Republic ofThailand, Kingdom ofTimor-Leste, Democratic Republic ofTogo, Togolese RepublicTokelau (Tokelau Islands)Tonga, Kingdom ofTrinidad and Tobago, Republic ofTunisia, Republic ofTurkey, Republic ofTurkmenistanTurks and Caicos IslandsTuvaluUganda, Republic ofUkraineUnited Arab EmiratesUnited Kingdom of Great Britain & N. IrelandUruguay, Eastern Republic ofUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet Nam, Socialist Republic ofWallis and Futuna IslandsWestern SaharaYemenZambia, Republic ofZimbabwe

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Sphynx Announces the All-in-One Cryptocurrency Platform – Yahoo Finance

November 17, 2021 | Author: admin

Auckland, New Zealand--(Newsfile Corp. - November 16, 2021) - Sphynx announces a platform that offers trading, staking, farming, and a plethora of other utilities. Its native currency is $SPHYNX, which currently exists as a BEP-20 token.

Figure 1: Sphynx the all-in-one cryptocurrency platform for the ages

The user-interface was designed with user-friendliness and simplicity in mind, ensuring that both beginners and experts will be able to navigate the platform with ease. The main menu, underneath the consolidated wallet, is to the left of the platform when viewed on a computer. The positioning is the same on mobile devices, though users will have to click the three horizontal lines on the top-left to open the main menu. Within this menu are options such as "Swap", "Pools", "Farms", "Lottery", etc.

Beside the menu (when viewed on a computer) is the swap that users can utilize to trade tokens, and to the right of that is the integrated chart that investors can use to perform market analysis. On a mobile device, both of these tools are available on the center of your screen. Everything has been strategically placed to ensure investors never have to leave the confines of Sphynx.

The vast majority of new traders are not familiar with token tax, which applies to a vast majority of tokens that exist on the Binance Smart Chain and/or the Ethereum Network. Most investors run into issues purchasing such tokens because they are not familiar with how to configure slippage tolerance levels to accommodate that tax. Sphynx eliminates that issue with its "Auto Swap" feature, which automatically selects the optimal slippage for your token of choice.

Sphynx has already made tremendous strides on the Binance Smart Chain. Its platform has been the topic of discussion for dozens of crypto influencers, all of whom have been moved by Sphynx's progress thus far. Not only this, but Sphynx, through its NFT line, the Sovereign Sphynx Council, has also been making waves on the Ethereum Network both by locking in partnerships with big-name influencers and through its massive giveaways for community members.

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Sphynx stands out from its competition because of how little it charges for trading fees. In comparison to the 0.25% (and higher) trading fees that big-name platforms charge, Sphynx charges only 0.1% for swap fees, and half of those fees go back towards the holders via Swap Fee Rewards. Furthermore, by staking $SPHYNX, investors can earn both from staking their tokens (in $SPHYNX) and from the $BNB rewards that will accumulate from swap fees.

CertiK is an internationally recognized security company that has audited the likes of Binance. What Sphynx has done is revolutionary as it has established a partnership with CertiK outside of being audited by them and commissioning their Skynet protection service. This partnership exists with Sphynx's upcoming Launchpad. So, for a brand-new project wishing to launch on SphynxSwap, they would first have to go through CertiK and clear an audit with them in order for them to be deemed a safe project to invest in. There will be different tiers for such launches, but a good standing with CertiK will ease the concerns of traders who have been the victims of projects launched by nefarious developers with ill-intent.

Sphynx is also planning to roll out its cross-chain bridge in the near future. This will allow users to be able to bridge over to other networks outside of the Binance Smart Chain, with the first cross-chain availability being the Ethereum Network. Furthermore, investors will be able to switch between networks on the Sphynx platform itself, and will be able to trade tokens that exist outside of the Binance Smart Chain.

The streaming platform that Sphynx is also working on (SphynxTV) is just another example of a utility that doesn't exist anywhere else. All in all, Sphynx provides more functionality to users than anything else that is available on the market today, and it is why Sphynx is the all-in-one cryptocurrency platform for the ages.

Media Contact:

Zaidoun 'lonzo' AlowbydiSupport@sphynxtoken.co

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103809

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Sphynx Announces the All-in-One Cryptocurrency Platform - Yahoo Finance

Brave embeds a cryptocurrency wallet right in the browser – PCWorld

November 17, 2021 | Author: admin

Brave, the browser maker who pioneered the Brave Attention Token (BAT) as a way of paying you for your attention, has taken another unique step: The latest version of the browser has a cryptocurrency wallet built right into it.

Brave version 1.32 includes a dedicated wallet built right into the browser, in which users can store their private keys for various cryptocurrency holdings. (Read our review of Brave 1.0.) The company claims that the direct integration is more secure than a third-party browser plugin, but also allows users to connect with hardware wallet devices like Trezor and Ledger. Braves wallet also provides real-time market information as well as the ability to buy and pay via various cryptocurrencies.

The new Brave Wallet replaces the legacy crypto wallet found in earlier versions of the browser, Brave said. It can be accessed by clicking the small wallet icon in the upper right-hand corner of the browser itself. If you set up the new wallet, Brave will ask you to import a Metamask wallet or other soft custody wallet. When thats complete, Brave will send you a series of words, which youll then have to write down and store as an account recovery mechanism.

Brave lists the following features of the new wallet:

We asked Brave to explain why the Brave Wallet was superior to other solutions, and how the private keys were protected. Brian Bondy, the companys chief technical officer and co-founder, provided us with a statement in response.

The Brave Wallet, in the same way as hardware devices, implements its own BIP32 Hierarchical Deterministic (HD) wallet (BIP32 HD wallet). The funds are always stored on the blockchain, but the keys to unlock those funds are stored in the Brave Wallet.

Bondy also said that integrating the wallet into the browser prevents users from being tricked by spoofing attacksfor example, loading their private keys into a plugin which could have a hard-coded key that an attacker could also access, stealing the private keys and the funds that they connected to. Those plugins may also have code dependencies that could produce security audit errors, Bondy added.

Finally, extensions cannot paint on the full canvas of the browsers user interface, especially not the address bar or unspoofable toolbar, Bondy said. Brave Wallet can make full use of this user-interface area to help protect users from being tricked. In Brave, Dapp permissions tie into the same Chromium permission manager as other permissions such as geolocations; whereas extensions need to roll their own implementations.

As PCWorld's senior editor, Mark focuses on Microsoft news and chip technology, among other beats. He has formerly written for PCMag, BYTE, Slashdot, eWEEK, and ReadWrite.

Original post:
Brave embeds a cryptocurrency wallet right in the browser - PCWorld

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Sphynx Announces the All-in-One Cryptocurrency Platform – Yahoo Finance

Brave embeds a cryptocurrency wallet right in the browser – PCWorld

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