Author: Ellen Grigsby

Ellen is CMN's recently joined crypto enthusiast with over two years of experience writing about blockchain and cryptocurrencies. Ellen's passion for Bitcoin and crypto's

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Blockchain in contemporary technology has had an impact on financial technology with the introduction of virtual currencies like Polkadot and Ethereum. With its scalable solution, Ethereum has attracted investors who have invested money in the initiative. On the other hand, Polkadot has improved interoperability while increasing traction rate. As a result, users can move data between blockchains. Blockchain technology, however, is proud of a brand-new platform under development called Bitcoin Spark. The new network’s unique proof-of-process validation mechanism will enhance its potential for scalability, interoperability, and security. Describe Ethereum Decentralised platform Ethereum enables blockchain users to build applications. Solidity is…

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Recently, The Economic Daily warned readers about misleading information spreading that claimed banks could now swap “coins” for Renminbi (RMB). Many internet users apparently came across brief recordings that purportedly confirmed that bank offices were authorising transactions involving “coins.” They stated that people making the claims had mistakenly identified a “-type Approval Master” integrated office window in a neighbourhood citizen service centre as a teller window in a real-world bank branch. The “coin” that is the subject of online discussion has nothing to do with this business. Pi Coin, sometimes known as “Coin,” is a digital currency built on the…

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According to a new analysis by blockchain analytics company Chainalysis, Latin America shows a significant preference for centralised exchanges as opposed to decentralised exchanges when compared to the rest of the world. According to the analysis, which was released on October 11, Latin America has the seventh-largest crypto economy in the world, coming in close second behind Eastern Asia, Eastern Europe, and the Middle East and North America (MENA). According to the survey, Latin American cryptocurrency users strongly prefer using centralised exchanges, and several of the nations in the area have much higher levels of crypto activity by platform type…

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Immutable, a web3 gaming platform, and Amazon Web Services (AWS) have joined forces to transform blockchain gaming and open up new possibilities for game producers in the cryptocurrency market. Immutable has enrolled in the AWS ISV Accelerate Programme, a sales initiative for businesses utilising AWS services in their goods. Immutable’s blockchain gaming technology, in particular Immutable X, which is Ethereum-compatible, will be integrated with AWS’s Activate programme as a result of this partnership. Jason Suen, chief commercial officer at Immutable, expressed enthusiasm for the collaboration and said that it will give their extensive network of game creators a turnkey solution…

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In the decentralized ecosphere, cryptocurrencies known as altcoins have proliferated. Retail and individual investors have been searching for such ventures for a long time. They were essential in creating the environment for digital currencies. Bitcoin Cash and Bitcoin Spark are two other cryptocurrencies that have received a lot of support and have already demonstrated their impending development. The most promising decentralized network for the future is Bitcoin Spark. A significant number of institutional and venture capitalists have already joined the network. The unique attributes of Bitcoin Spark will be covered in depth in this essay. Describe Bitcoin Cash. After Bitcoin…

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According to a person familiar with the situation, the Securities and Exchange Commission (SEC) won’t appeal a court’s harsh overturn of its decision to deny Grayscale’s request to convert its bitcoin trust into a more investor-friendly exchange-traded fund, potentially paving the way for the first bitcoin ETF in the United States. The market regulator has until Friday at midnight to determine whether to challenge the court’s ruling, but the SEC will let that time pass without filing an appeal, the source added. The news was first reported by Reuters. The SEC’s rejection of Grayscale Investment’s application to turn the Grayscale…

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After recently unveiling a trio of Ethereum futures ETFs, ProShares is getting ready to introduce its Short Ether Strategy ETF (SETH). The SETH fund is scheduled to start trading soon, roughly two weeks after the original Ethereum futures ETFs. According to a filing issued on Friday, October 13, the ETF, which will be traded on the NYSE Arca platform, aspires to attain daily investment results that mirror the opposite of the daily performance of the S&P CME Ether Futures Index. According to the prospectus, the fund does not directly short ether (ETH); instead, it looks to profit from possible drops…

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The ConsenSys Layer2 network Linea has enabled the SocialFi app Tomo, which is now downloadable from the App Store and Google Play. By including a wallet within the app, Tomo enables users to instantly move between Linea and Ethereum utilising a robotic cross-chain bridge. Tomo also allows users to sign up using X, Gmail, or Apple. Users can vote to convey their expectations before creators join Tomo. Votes can be bought by users and converted into Keys once a creator joins if they haven’t already. Tomo charges a 10% fee for each transaction, regardless of whether it involves votes or…

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Anyone who can find the code that might be able to disable the Solana network will receive a $400,000 reward from the Solana Foundation. This occurs as SOL, the network’s native token, has had its price fall by 8.4% over the past week as a result of many mentions in Sam-Bankman Friend’s trial. The bounty was made public as a part of the Solana Foundation’s larger security bug bounty program by Jacob Creech, the head of developer relations for the organization. With a variety of rewards available, this program encourages white hat hackers to examine the blockchain for weaknesses. Among…

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Code auditor for smart contracts and blockchain programming In reaction to shifting market realities, CertiK has downsized its personnel. Less than 15% of the staff at the company, according to co-founder and CEO Ronghui Gu, were impacted by the strategic personnel adjustment. Realigning the team structure with CertiK’s long-term strategic ambitions is the main objective of the change. The business is still dedicated to its goals and sees these adjustments as essential milestones in that direction. This choice was made as a result of a number of personnel reductions across the blockchain sector and the fact that the prices of…

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Protocol for decentralised finance Holders of Frax’s partially collateralized fractional-algorithmic stablecoin FRAX can now receive yields that are equal to the interest rate on reserve balances (IORB), which is now 5.4%, thanks to the company’s introduction of sFRAX, an ERC4626 staking vault. The initial annual percentage yield (APY) of the product was 10%, but it will gradually converge to the Fed’s IORB rate of 5.4%. According to Dune Analytics, more than 150 users have already put more than $35 million into the vault. On Thursday, the price of Frax’s governance token FXS rose by 7% to $5.66, but it has…

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In 2020, the ground-breaking Bitcoin cloud mining project CGMD miner was launched. It recently raised $50 million from interested investors, marking a significant milestone in the development of its cloud mining initiative. There is no indication that the project will take a break. The entire idea is based on the premise that every user may access cloud mining projects and transparent Bitcoin mining, which is a potentially lucrative business model that might draw in more interested parties. Cloud mining projects from CGMD miner start at $10. You can take part in one of the nine cloud mining projects to earn…

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The Securities and Exchange Commission (SEC) sued Grayscale Investments, a corporation that manages a $16.6 billion Bitcoin Trust, but Grayscale Investments has prevailed in the case. The D.C. Circuit Court handled the case. This will make it easier for the business to convert its GBTC into a spot Bitcoin ETF. Grayscale will be the first company to accomplish this in the US as a result. Analysts keeping an eye on the situation include Timothy Peterson and Crypto Rover, who are taking into account the current 17% Grayscale GBTC discount. They predict that there will be substantial selling requirements if the…

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Magic Edens has been integrated with LayerZero Labs’ native protocol, according to the company. Utilising a cross-chain infrastructure solution is the plan. Through this integration, Magic Edens will make use of the petrol station and ONFT Standard. Users can buy non-fungible tokens with the token of their choice using Gas Station by LayerZero. This lessens the need for a decentralised exchange or a bridge. Gas abstraction is used by gas stations to make the trading of gas tokens easier. Ont, or Omni-Chain Non-Fungible Tokens, is an idea that both creators and traders can use. While merchants will be able to…

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A documentary on Cody Wilson, a supporter of homegrown weapons, has received financial support from Samourai Wallet, a bitcoin wallet renowned for its privacy features. The movie, ‘Death Athletic: A Dissident Architecture,’ is directed by Jessica Solce and will have its world premiere at exclusive screenings in New York and Austin on October 21. Along with another executive producer, Thomas Donnelly, Samourai Wallet joined the project in 2021 and contributed money for post-production. The film chronicles Wilson’s legal battles with the federal government and 20 state attorneys general over the right to publish files on how to make weapons using…

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A ground-breaking Blockchain-driven venture called eTukTuk aims to revolutionise transit, starting in developing countries and eventually going global. With the use of Blockchain technology, this AI-powered, environmentally friendly system is revolutionising how people move around and how EVs are charged. The heart of eTukTuk is its electric vehicle (EV), a reasonably priced and dependable replacement for conventional TukTuks. These vehicles are powered by effective charging stations, and here’s how it works: drivers pay a price to charge their electric vehicles, which brings in money for the network. The $TUK token is the secret of eTukTuk’s success. Owners of $TUK tokens…

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A bill that would outlaw unlicensed artificial intelligence (AI)–powered recreations of people’s voices and images has been presented by a bipartisan group of US senators. Together with Republican Senators Marsha Blackburn and Thom Tillis, Democratic Senators Chris Coons and Amy Klobuchar presented the Nurture Originals, Foster Art, and Keep Entertainment Safe (NO FAKES) Act. According to the law, platforms that knowingly host unauthorised AI copycats as well as businesses or individuals that build them are both subject to liability for damages. The first offense would result in a $5,000 fine. The measure permits certain First Amendment-protected uses of unauthorized AI…

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Christine Kim, vice president of Galaxy Research, provided a summary of the 172nd Ethereum Core Developer Execution (ACDE) conference call, during which developers spoke about the development of the Ethereum Virtual Machine (EVM) object format as well as the Cancun and Deneb tests. Specifically: A Devnet #9 update, released on September 29: With 7% of non-operating validators, mostly Geth (EL)/Teku (CL) validator nodes, Devnet #9 presently has a participation rate of 93%. Clients using Ethereum (EL) and Erigon (EL)/Prysm (CL) experience difficulties as well. The MEV-Boost relay and builder are being tested by the Flashbots team on Devnet #9. Through…

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On October 12, US markets declined as recently reported inflation data beat forecasts. The S&P 500 fell by 27.34 points (0.62%), bringing its total to 4,349.61, while the Dow Jones Industrial Average down by 173.73 points (0.51%), reaching 33,631.14. The tech-focused Nasdaq index dropped 85.46 points (0.63%), reaching 13,574.22 in the process. At 8:30 am Eastern Time, the U.S. Bureau of Labour Statistics released data for the Consumer Price Index for September, revealing that prices rose 0.4% over the previous month and 3.7% over the year before October 1. This was greater than Dow Jones’ estimates of 0.3% for the…

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The bitcoin market wants to end this year successfully as 2023 draws to a close. The cryptocurrency sector is still expanding after registering historically high price gains in recent months. Numerous altcoins, including Arbitrum and InQubeta (QUBE), have the potential to perform well in the upcoming months, according to analysts. While InQubeta’s ascent to prominence has shocked many customers, Arbitrum’s growth is well-known and adored by crypto fans. Experts predict that InQubeta could increase by 100x in the coming several months. Startups can use the Ethereum-powered platform to get funding for their initiatives by utilising artificial intelligence. Most analysts predict…

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