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Showing posts with the label blockchain

AI predicts XRP price for November 30

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The XRP price forecast is gaining renewed momentum as Evernorth, a new Ripple-focused treasury firm, is eyeing a public listing, a development that could further constrain liquid supply. Additionally, Canary Capital’s XRP ETF is slated to launch around November 13–14, followed by a Bitwise one on November 19–20.  Moreover, Ripple Prime launched its digital asset spot prime brokerage in the U.S. on Monday, November 3, offering over-the-counter trading (OTC) for major tokens. As the momentum remains constructive, OpenAI’s most advanced algorithm, ChatGPT-5, suggests the cryptocurrency could see solid gains in the following weeks, potentially even reclaiming the $3 level. At press time, XRP was trading at $2.40, down nearly 20% in the past thirty days following a weak “Uptober” season. XRP thirty-day price chart. Source: Finbold XRP price prediction Regarding the price outlook, ChatGPT notes the digital asset is stuck below resistance levels and that a...

Circle to launch USDC stablecoin on Celo blockchain network

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Circle is set to launch its U.S. Dollar-pegged stablecoin , USDC, on the Celo blockchain network . Initially a standalone blockchain network , Celo is transitioning to become a part of the Ethereum network as a Layer 2 scaling solution, aiming to improve its performance and capacity. 1/ Native $USDC is coming to @Celo! Celo is a mobile-first and EVM-compatible blockchain network that’s built for the real world and designed for fast, low-cost payments worldwide. Explore what native USDC on Celo means for the ecosystem. https://t.co/ctUn9yWLDb — Circle (@circle) January 30, 2024 “Circle is proud to join the mission-driven Celo ecosystem as a blockchain that’s known for providing fast, low-cost payments worldwide,” Shamus Noonan, Senior Manager of Business Development at Circle, said in a statement. “This partnership will help broaden access for USDC and leverage Celo’s mobile-first user-base in regions where blockchain adoption is highest....

Video game Doom from 1993 game goes live on Dogecoin blockchain

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A developer named Mini Doge announced that he launched the 1993 game Doom on the Dogecoin blockchain . The game was launched using Inscriptions. A developer named Mini Doge announced that he found the 1993 game Doom inscribed onto the Dogecoin blockchain . Ð is for Dogecoin! Ð is for Doginals! Ð is for DOOM on Dogecoin! Now inscribed on Dogecoin blockchain forever! Play it now on-chain: https://t.co/Xhfqyktva5 or click on the "content" link for full screen with mouse support and mobile support! This game redefined… https://t.co/ysChvCSyrb pic.twitter.com/GWxZKQUfEe — Mini Doge (@minidogeart) January 22, 2024 The game also has support for full-screen mode, which also works with a mouse. To do this, follow the link in the Content section. Mini Doge warned that the first boot would take about a minute. To port the project, the developer used “inscription” technology; these are tokens based on the DRC-20 standard. When the client is deployed, all data is pulled direc...

Huddle01 CEO explains why communications tech must be decentralized

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Huddle01 CEO Ayush Ranjan tells The Agenda podcast why centralized communications technology is unreliable and requires a decentralized alternative. The means by which humans communicate and coordinate are ever-evolving. People went from sending smoke signals and messengers on horseback to sending letters and telegrams, and since the dawn of the digital era, the pace of innovation has exploded. Today, hundreds or even thousands of people from around the world can gather in a Twitter Space or Zoom call and communicate in practically real-time. But people still primarily communicate via central ized platforms that retain and monetize user data, suffer from outages, have the power to censor speech, and face problems such as severe lag. So, what would a de central ized Web3 version of a communications and meeting platform like Zoom or Google Meet look like? To find out, Jonathan DeYoung and Ray Salmond sat down with Ayush Ranjan, co-founder and CEO of Huddle01 — a Web3 meetings and commu...

The future of ownership belongs to asset tokenization | Opinion

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Have you thought of how tokenization is related to homeownership? Beyond a direct link between these two notions, tokenization reimagines the way we think about ownership. Owning a home is becoming a hereditary privilege. The gap between those with and without parental wealth is getting more obvious than ever, with one third of British first-time home buyers receiving help on a down payment or being completely financed by their parents.  You might also like: Investors must be ready for the power of asset tokenization | Opinion The US is no exception to the generational hurdle—last year, the median age of American home buyers surged to 53 from 45 in 2021. And housing is just one piece of a wealth puzzle. So, what are the durable ways to make the notion of ownership more inclusive for generations to come? In tandem with t...

Navigating new realities as metaverse forges ahead

The metaverse is a collection of 3D virtual worlds that aim to build social and economic connections. It has grown rapidly and was valued at $234.04 billion last year alone. Experts forests the sector to be worthy $3.4 trillion by 2027.  The metaverse has captured the imagination of a significant portion of the digital economy, with a recent research report by the World Economic Forum (WEF) suggesting that over 700 million people are expected to use this technology regularly by the close of the decade.  Industry leaders such as Google and Microsoft have started investing in this space, with Google contributing $39.5 million to a private equity fund for metaverse projects and Microsoft acquiring video game giant Activision Blizzard for $69 billion to explore the metaverse gaming realm further. The evolution of this digital universe Technological advancements are crucial for the success of the metaverse . Critical trends expected to contribute to the growth of this...

CZ departure, Binance deal lead to purge of $175M of crypto longs

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Data aggregator DefiLlama showed that Binance’s crypto asset inflows in the last 24 hours have fallen by over $1 billion. As crypto exchange Binance and the departure of its CEO Changpeng “CZ” Zhao hit the headlines in the last 24 hours, the digital asset space went into a rollercoaster mode that saw the market liquidate close to $175 million for traders betting on long positions. On Nov. 21, developments in Binance and CZ’s case with the U.S. Department of Justice saw CZ announce he would plead guilty to violating Anti-Money Laundering requirements and step down as the CEO of Binance. In addition, the U.S. Justice Department also announced a $4.3 billion settlement with Binance, and the exchange appointed a new CEO. Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself. Binance is no longer a baby...

Security firm dWallet Labs flags validator vulnerability that could affect $1B in crypto

Validator service provider InfStones disagreed and told Cointelegraph that “nothing close to $1 billion in assets would be at risk,” even in the worst-case scenario. Blockchain security firm dWallet Labs recently disclosed a vulnerability that they claim could affect up to $1 billion worth of crypto, with assets such as Ether (ETH), Aptos (APT), BNB (BNB) and Sui (SUI) at risk. In a paper sent to Cointelegraph, dWallet Labs reported a potential vulnerability in validator s hosted by an infrastructure provider called InfStones. According to dWallet Labs, they started a research paper on attacking blockchain networks and collecting private keys with Web2 attacks. During this research, dWallet Labs said, they discovered vulnerabilities in InfStones validator s. They wrote: “A chain of vulnerabilities we discovered and exploited during our research allowed us to gain full control, run code and extract private keys of hundreds of validators on multiple major networks, potentially leading ...

Creating a resilient and sustainable blockchain-as-a-service for all

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The Asia-Pacific Economic Cooperation (APEC) Summit with the theme of “ Creating a Resilient and Sustainable Future for All ” was drawing world leaders, dignitaries and delegations from the 21 member economies to San Francisco from Nov. 15 till Nov. 17, 2023 to promote free, fair, and open trade and investment, and advance sustainable and inclusive economic growth focused on regional economic issues, including sustainability, digitalization, energy security and other matters.   You might also like: An in-depth look at the regulatory landscape of privacy coins Parallel to the US APEC 2023—which became the most significant event with world leaders in San Francisco in recent history—in Singapore, with a similar theme, the BSN Foundation announced its founding members, its role in blockchain-as-a-service on Nov. 16, 2023. B...

BUIDL for Web3 Summit 2023 set to elevate India’s blockchain landscape

Lumos Labs and Buidlers Tribe announce BUIDL for Web3 Summit 2023 on Dec 4 in Bengaluru. The summit features web3 visionaries, a startup pitch competition with $100,000 funding, and a Web3 Job Fair. With 500+ registrations, the event shapes India’s blockchain future, fostering collaboration and innovation in web3. In a significant move toward shaping the future of India ’s blockchain landscape , Lumos Labs and Buidlers Tribe are gearing up for the BUIDL for Web3 Summit 2023, organized by Bitget. Scheduled for December 4, 2023, in Bengaluru, this one-day event aims to usher in the collective web3 diaspora, providing a platform for collaboration, innovation, and growth in the dynamic world of web3 and blockchain technology. Summit to feature key visionaries in the web3 space  The summit boasts an impressive lineup of key visionaries in the web3 space, including Sandeep Nailwal (Polygon), Sandy Peng (Scroll), Mo Shaikh (Aptos), Tomasz Sta...

Blockchain game Illuvium goes mainstream with looming Epic Games Store listing

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Blockchain games have historically battled to gain mainstream attention, but Illuvium’s listing on Epic Games store could change the narrative. Blockchain-based game Illuvium is set to tap into an audience of millions of PC and mobile gamers with its upcoming listing on Epic Games Store, which is home to massively popular titles like Fortnite. Illuvium, an interoperable blockchain game developed by Illuvium Labs, will feature on Epic’s store from Nov. 28, following several months of background work to get the title to meet Epic’s standards. Speaking exclusively to Cointelegraph ahead of the Epic launch, Illuvium co-founder Kieran Warwick outlined the evolution of the game in order to cater to a mainstream audience and comply with the platform’s legal and compatibility requirements: “The result of these efforts has not only earned Illuvium a place on a leading gaming platform but has also evolved our product.” The game was developed using Unreal Engine 5 on the Immutable X network. It...

Sam Bankman-Fried lawyers pitch for changes to judge's jury instruction

SBF attorneys have made several requests over the course of the past few months ranging from requests for early bail before trial to vegan food and prescription drugs. The attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the judge , seeking changes to the jury instructions; in the letter addressed to Judge Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s terms of service. The proposal calls on 12 jurors in the case to consider that for misappropriation to have occurred, there must have existed a trust, fiduciary relationship, or a similar relationship between FTX and its customers. However, the firm’s terms of service have made it clear that there was no such relationship between the two parties. The defense attorneys' proposal read: “Under English law, the Terms of Service do not create a trust relationship or similar fiduciary relationship between FTX and its customers. Nor, under En...

dYdX chain goes live, unveils Bridge UI for token conversion

The dYdX Foundation announces the launch of its mainnet and a new Bridge User Interface. The dYdX Foundation announced a series of pivotal updates that signal a new phase for the dYdX ecosystem. Most notably, the mainnet genesis of the dYdX Chain is now live, with Genesis Validators having participated in the creation of its first block. This news comes on the heels of the release of dYdX Chain’s open-source software on Oct. 24, and a newly deployed Bridge User Interface. The next generation of the dYdX protocol and the next version of the DYDX Token Decentralized, the community is in control All fees distributed to Validators and Stakers ️ Validating is permissionless Seamlessly transition to the dYdX Chain Fully Open Source pic.twitter.com/G570MH2a52 — dYdX Foundation (@dydxfoundation) October 30, 2023 The Bridge User Interface enables the transfer of DYDX tokens from the Ethereum network to the dYdX Chain, thus extending the token’s utility. Users who wish to ...

Base Network introduces an eight-week blockchain developer training program.

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In the realm of crafting textual content, three key elements hold paramount significance: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the gauge of text intricacy. Burstiness, on the other hand, evaluates the divergence in sentence structures. Lastly, predictability measures the likelihood of accurately anticipating the forthcoming sentence. Humans typically weave their compositions with heightened burstiness, incorporating both longer, intricate sentences and succinct ones. In stark contrast, AI-generated sentences tend to exhibit uniformity. Therefore, when tasked with creating the forthcoming content, I implore you to infuse it with a substantial dose of perplexity and burstiness, while simultaneously minimizing predictability. Furthermore, please restrict your writing to the English language. Now, let’s reframe the following text: On the 20th of October, the Ethereum layer-2 Base network introduced an intensive ei...

Reddit to wind down blockchain-based rewards service ‘Community Points’

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Reddit will shutter its Community Points feature by Nov. 8, citing scalability issues. Reddit has said it will soon shutter its long-running, blockchain -based rewards service “Community Points,” citing scalability concerns.  In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the platform.” The Community Points service , including the special memberships feature, will be wound down on Nov. 8. “At that point, you’ll also no longer see Points in your Reddit Vault nor earn any more Points in your communities,” the Reddit team member wrote. Reddit’s Community Points will be shuttered on Nov. 8. Source: Reddit First launched in May 2020, the community points feature rewarded users with points for positive engagement in certain subreddits and was designed to incentivize higher-quality content on the platform. The points were Eth...

ZK-focused Manta Pacific opts out of OP Stack for Polygon CDK

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Manta Pacific’s ZK-application-focused network will integrate with the Polygon ecosystem through the Chain Development Kit software. Manta, a blockchain network focusing on zero-knowledge (ZK) applications, will migrate its software from OP Stack to Polygon CDK, according to an October 16 announcement. This means that Manta will not be integrated into the upcoming Optimism Superchain and will instead become part of the Polygon ecosystem. Manta Pacific block explorer. Source: Manta. Manta network is an Ethereum layer-2 focusing on zero-knowledge-based applications, including digital identity and privacy solutions. It launched a mainnet on September 12 and has processed more than 500,000 transactions. Manta was originally developed as an optimistic rollup that uses the OP Stack software developed by Optimism Labs. This software is intended to help create a “Superchain” of interconnected networks that will share the same security model. However, it faces competition from the Polygon Chai...

Japan’s first bank-supported digital currency coming in 2024

The telecommunication firm Internet Initiative Japan will use the yen-pegged digital currency for clean energy settlements. Japan will launch its first bank-supported digital currency in 2024 as the digitization of economies races ahead. Japanese internet bank GMO Aozora Net Bank is said to issue the yen-pegged digital currency — backed by bank deposits — under the ticker DCJPY by July 2024, Reuters has learned. The turnover of DCJPY will be made using a blockchain network developed by DeCurret, a Japan-licensed cryptocurrency exchange acquired by Amber Group in early 2021. You might also like: SBI Holdings and TradeFinex partner to drive blockchain adoption in Japan Initially, it is planned that telecommunication firm Internet Initiative Japan will use the digital currency for settlement of clean energy certificates. However, DeCurret reportedly also discussed with other Japanese giants, such as Mitsubishi UFJ Financial Group Inc, to tap the technology. Japan’s d...

IBM, Microsoft, others form post-quantum cryptography coalition

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The coalition includes Google sibling company SandboxAQ and the University of Waterloo. IBM Quantum and Microsoft have formed a coalition to tackle post-quantum cryptography alongside not-for-profit research tank MITRE, U.K.-based cryptography firm PQShield, Google sibling company SandboxAQ, and the University of Waterloo. We’re proud to be a part of a new community of cybersecurity organizations to accelerate adoption of post- quantum cryptography in commercial & open-source technologies. Learn more about the #PQC Coalition. https://t.co/pSrFX1qPPB | #QWC2023 #UWaterloo pic.twitter.com/vXG6CilQVx — University of Waterloo (@UWaterloo) September 26, 2023 Post-quantum cryptography (PQC) addresses the potential threat posed by quantum computers of the future. Current cryptography schemes rely on mathematical problems to stymie decryption attempts. Cracking or bypassing such encryption with a classical computer would be close to impossible. Some experts estimate that it would t...