Author: Ellen Grigsby

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…

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…

With the aid of blockchain, JPMorgan Chase & Co. completed its inaugural collateral settlement for clients effectively. This is happening at a time when the largest bank in the US is investigating commercial applications built on the technology that powers cryptocurrencies. BlackRock used JPMorgan’s Tokenized Collateral Network (TCN) to exchange money market fund shares for digital tokens. Then, as part of an additional over-the-counter transaction involving the two financial institutions, they were transmitted to Barclays. Tyrone Lobban, manager of Onyx Digital Assets at JPMorgan, made this information public. A bank commercialising a blockchain application is unusual. The experiment was comparatively…

Although Litecoin is now performing better than Bitcoin on a relative basis, the community believes that Bitcoin will remain relevant for some time to come. Two significant milestones have been reached, which is a sign of relief, but this hardly inspires investors with confidence. First, 180 million transactions have been completed using Litecoin on the network. Second, there have been over 51 million transactions so far this year. The latter is crucial for two reasons: 2023 will conclude in two more months, and 39 million people were alive in 2022. It has already surpassed that threshold, and with two more…

Shibharium, a layer 2 blockchain solution from Shiba Inu, was released on August 16, 2023. However, as soon as users started swarming the platform, there were technological issues. Therefore, it must turn around and rebuild the launch. On August 28, 2023, the solution finally became operational. Less than two months have passed, and Shibarium appears to be operating at its peak efficiency. The fact that user activity has increased in every way is proof of this. For instance, the total number of blocks has surpassed 1.08 million, while the number of transactions has surpassed 3.4 million. This is predicated on…

Because crypto mining requires sophisticated processing, it typically consumes a lot of electricity. Alternative models are being created with a lower environmental impact in order to lessen the carbon footprint associated with digital currency. Green cryptocurrencies are the name given to these tokens. Sustainability has emerged as one of the most important factors influencing the crypto industry’s future. The basic goal is to create a cryptographic method that is both effective and efficient. Examining the environmental issues connected to crypto consumption is crucial to extending the use of cryptocurrencies based on blockchain technology and studying any crypto’s energy efficiency. Ecological…

Beyond its potential to serve as a store of wealth and a means of exchange, Bitcoin Cash (BCH) has drawn attention for its distinctive idea, which is promoting financial inclusion on a global scale. A branch of the Bitcoin cryptocurrency called Bitcoin Cash (BCH) appeared in 2017 and has since become a crucial component of commonplace digital currencies. BCH promotes speedy and affordable transactions in an effort to reduce the gap between the well-off and the underserved. Giving people and businesses a method to participate in the global economy without being confined by conventional banking will help achieve this goal.…

Galxe, a Web3 credentials and rewards platform, has issued a reimbursement of more than $396,000 and an additional 10% compensation for the more than 980 users impacted by last week’s DNS attack. Unless otherwise specified, the money will be automatically transferred back to the wallet addresses from where it was stolen. The affected consumers’ refunds will be processed on October 16 and given in Tether (USDT). By exploiting a DNS hijack, the attacker tricked users into visiting a malicious phishing website instead of Galxe’s official website, compromising customer funds. Galxe created a thorough recovery plan in response, promising users reimbursement…

Aditya Baradwaj, a former software engineer at Alameda Research, has disclosed that three security issues cost the business $190 million. Among these include a trader who lost $100 million after visiting a bogus link on DeFi, a liquidity mining fraud that cost $40 million, and a plaintext key file breach that cost $50 million. Due to these security flaws, Alameda Research, a well-known quantitative cryptocurrency trading company, has sustained large losses. The first incidence concerned a trader who lost $100 million after clicking on a phoney link in the decentralised finance (DeFi) industry. A liquidity mining fraud that the corporation…

20 slashing occurrences have been recorded by the Ethereum staking protocol Lido Finance as a result of infrastructure and signer setup problems from validators run by Launchnodes. Around 3:30 PM UTC on October 11, the incident happened. Launchnodes’ validator nodes are currently unavailable, and while the fundamental cause is being looked into, slashings have stopped, according to Lido. Lido calculated the impact of the slashing on the Ethereum blockchain to be about 20 ether (ETH), or $31,000. In addition, Lido factored in extra penalties while the validators are offline for troubleshooting and inactivity penalties that the validators will accrue. Validators…

On October 11, the European Securities and Markets Authority (ESMA) published a report on the dangers of decentralised finance (DeFi) for the EU market. The 22-page research highlights the potential advantages of DeFi, including greater financial inclusion, the development of novel financial products, and higher speed, security, and affordability of financial transactions. The paper also highlights the considerable risks connected to DeFi, though. Because many crypto-assets are extremely speculative and volatile, ESMA names liquidity risk as its top concern. The regulator finds that Bitcoin and Ether have 30-day volatility that is, on average, 3.6 and 4.7 times higher than the…

A three-year cooperation contract has been struck by Surreal Events and Streaming Global. It gives Surreal XP access to features like GPU Multitenancy, real-time pixel streaming, and remote rendering. This alliance ushers in a new age of metaverse experiences, marking an important turning point for Surreal Events. The partnership offers a method for utilising cloud services in a seamless manner. The WebRTC protocol is now used by XP, although the speed is limited to one GPU per second. It is increased by 9 times thanks to the cooperation with Streaming Global for larger capacity, unmatched fidelity, and lower prices. The…

The owner of Bitfinex is thinking about repurchasing $150 million worth of its shares in order to strengthen its operational control over the private company. The issue is more urgent now that regulatory considerations are receiving more attention. The largest stablecoin supplier in cryptocurrency, Tether Holdings Ltd., shares a board of directors with Hong Kong-based iFinex. They announced their intention to buy 15 million shares at $10 each in a message to shareholders. This accounts for 9% of iFinex’s total outstanding capital, which is valued at $1.7 billion. A money infusion from the company’s affiliates would be advantageous. The swap…

On October 6, 2023, a security problem occurred in Galxe. The venture has now developed a strategy to provide recovery for those users who were impacted. Referencing first: a few individuals on the phishing site have verified a transaction. As a result, people lose their money to fraudsters. Galxe, on the other hand, has largely recovered and is working to make it possible for those users to return. The guide consists of a total of 4 steps, each of which is effective for users depending on their conditions and independent of the others. For instance, users who request their money…

One of the largest inflows to the network was recently witnessed in Solana. These have a value of $24 million. Even if the inflows are a part of the evolution, this announcement is significant because Ethereum has experienced outflows from the network. The fact that it transpired in less than a week solidified the community’s opinion that Solana was and still is the Ethereum killer. It’s challenging to come up with a single term or phrase to describe this incident. One can only infer that the community is starting to notice a significant change in the order of alternative currency.…

A UK committee made up of representatives from various political organisations has asked the government to investigate copyright infringement and connect with non-fungible token spaces in order to establish more effective procedures for defending the rights of builders. If an NFT is created using creative work without the builders’ or owners’ consent, a copyright violation may take place. Numerous cases have been filed in the US, the UK, and other jurisdictions about this issue. Dame Caroline Dinenage, the chair of the Culture, Media, and Sports Committee, asserts that deceptive advertising practises and unauthorised exploitation of artists’ works provide ongoing challenges…

Ethereum is the second-largest cryptocurrency by market capitalization and the first blockchain-based smart contract to go through a historical transition from an energy-intensive proof of work (PoW) consensus mechanism to a more environmentally friendly proof of stake (PoS) consensus mechanism. The basics of PoS have changed the functions and obligations of Ethereum, which was earlier used to compensate ETH miners and is now stakeable. Node operators and delegators have become key players in its two-tiered staking mechanism. The two-tiered staking approach was proposed by Vitalik Buterin, the creator of Ethereum, and consists of a high-complexity, slashable layer with few participants…

Cardano is a new digital currency that has attracted a staggering number of institutional and retail investors. The project was created by Charles Hoskinson, the CEO and founder of Cardano’s Foundation, to encourage openness and effectiveness. As a result, the project’s adoption rate has continuously increased, leading to an increase in market valuation. The platform is popular because of its scalability and the quick transactions it provides its users. With the impending bull run, a new platform called Bitcoin Spark is attempting to take over the Bitcoin initiative. Bitcoin Spark will increase social media exposure by getting cryptocurrency fans to…

By enabling developers to build highly configurable blockchains, Cosmos (ATOM) has established itself as a major rival to Ethereum’s (ETH) well-known smart contract technology in the cryptocurrency market. By utilizing a modular framework that demystifies decentralised apps, or dApps, the blockchain technology employed by Cosmos reduces the project’s complexity and difficulty for developers. Following dYdX’s scalability and customizability, crypto experts saw how the independent blockchain developed into a popular platform for creating decentralised apps. Will Cosmos (ATOM) increase in price this year? Let’s examine the ecosystem of Cosmos and talk about the expected price of Cosmos through 2023 and beyond.…

Around 6.6 million transactions were routed in August 2023 on Bitcoin’s layer 2 Lightning Network, a considerable increase from the 503,000 transactions processed in August 2021. This rise represents an estimated 1,212% increase over the previous two years. The information is from River, a bitcoin-only exchange. Sam Wouters, an analyst with River research, said in a report from October 10 that the increase in routed transactions—transactions that require the cooperation of more than two nodes—occurred despite a 44% drop in Bitcoin’s price and significantly lower online search activity. River’s estimate of 6.6 million Lightning routed transactions is a lower-bound estimate,…