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According to the information available, Harmony Hackathon will last for six weeks. The Hackathon will commence on August 15, 2021, and ends on September 30, 2021. Related Reading | Ether EFT Gets Approval From Brazilian Securities Regulator There will be three categories, and each one will have four challenges for the experts to complete. 🚀 1/ We are happy to announce the Bridging #TradFi to #DeFi #hackathon where Harmony, along with prize partners, will be giving up to $1,000,000 in prize money and non-dilutive seed funding. Why are we doing this?https://t.co/qeq6U9M0LV — Harmony (@harmonyprotocol) July 15, 2021 Presently, the organizers, Harmony blockchain, have disclosed that the registration for the event will start in August. Also, there are more than one million dollars available in seed funds and participant prizes. The company made the announcement on Thursday through Twitter. According to the announcement, the hackathon aims to achieve cooperation between traditional finance and decentralized finance. Furthermore, the team aims at bringing more people from the traditional finance sector to tackle the challenges affecting both their industry and the DeFi sector. A Brief On Upcoming Hackathon According to what Harmony revealed, the Hackathon will come in three categories. These categories will have four challenges, including cross-chain & trustless bridges, cross-border with fintech integration, social wallets & keyless security. Harmony also made some statements on Twitter saying that blockchain finance is where there’s product-market fit. However, many people who created decentralized finance are not of traditional finance. Therefore, Harmony aims at bringing more traditional finance experts to add their knowledge to decentralized finance. Harmony also mentioned that traditional finance experts have many things to teach them in DeFi. Likewise, DeFi practitioners can also help them understand the sector more and learn how to utilize it. So, it will be a mutually beneficial event for both TradiFi and Defi. Related Reading | Nifty’s Inc. Partners With Warner Bros To Roll Out A Social NFT Platform Concerning the event, Harmony disclosed some people who will speak in the event or serve as judges for the participants. According to the blockchain, these people include, Omakase, the core developer of SushiSwap, Lily Liu, the co-founder of Earn.com, the lead for DeFi Alliance Imran Khan, and other prominent people in the industry. Also, the event sponsors include Messari, SushiSwap, CoinGeckom, Unstoppable Domains, DoraHacks, DappRadar, Hummingbot, and The Defiant, a news platform. A Brief on Harmony Harmony is a Sharding protocol that uses a “Trustless Ethereum Bridge” to separate its blockchain into different segments. These segments are responsible for the processing and storage of data in parallel. The mainnet launched in 2019, and since then, the company has partnered with many others to push its operations further. Also, Harmony has completed many integrations since then as well. For instance, it added Terra to its blockchain to use the token on the apps in the ecosystem. Related Reading | Binance CEO Changpeng Zhao States, “Compliance Is A Journey.” The blockchain disclosed that it would sponsor the Hackathon in June. According to the blockchain, it aims to reach 10 billion users, which is a way to achieve it. The registration will end on August 15, and teams can only be 5 people. Once they reached the submission deadline, the event will kick-off. Featured image from Pixabay

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I think people are underestimating the potential impact Amazon will have on the market if they announce they are officially accepting Bitcoin. Amazon is pretty much has their fingers in every sector, and the amount of publicity it would bring is huge. Think of how many people have notifications alone with Amazon, and then all…
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The first coin I bought was Doge (hehe so generic right) out of the sheer hype and FOMO; didn't buy much but it got me genuinely interested in the crypto-verse. Later Monero (XMR) turned out to be a fascinating project after I ended up trying to discover what bitcoin actually is. Then stumbled across ETH…
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"The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap" In an email to Insider, an Amazon spokesperson confirmed the job posting and the company's ambition to eventually accept cryptocurrency from its customers. submitted by /u/erdal_mutlu [link] [comments]

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Cardano (ADA) has been one of the most resilient coins in the crypto market. While Bitcoin has experienced a 50% correction and has revisited the yearly open, ADA has traded well above its previous lows. At the time of writing, ADA trades at $1,14 with a 2.7% and 4.8% loss in the daily and weekly charts, respectively. The cryptocurrency has managed to make its way into the crypto top 5 by market capitalization after Dogecoin (DOGE) and XRP lost their positions. The latter has been severely hit by the bearish trend and stands at $0,18, while XRP stands at $0,58. At its current levels, Cardano (ADA) recorded a recent Relative Strength Index (RSI), a metric used to the price momentum of a cryptocurrency, low of 27, according to trader Eric Thies. He believes ADA was at a similar low on this metric during March 2020, before the event called “Black Thursday”. As seen in the chart below, last time ADA was at an RSI low, it saw a parabolic increase in its price in the coming months. Thies believes this time it could be more positive, as ADA is resting on former ATHs. In current market conditions, most coins tend to correlate with Bitcoin and its performance. Therefore, BTC’s price must continue with its recovery in order for ADA, ETH, and other cryptocurrencies to recover. Pseudonym trader Crypto Punisher has compared the ADA/ETH trading pair and found a positive outlook for the former. Ethereum has been one of the top performer cryptocurrencies in recent months, but the trader believes Cardano (ADA) could take that place: (…) at macro level support as ETH continues to show strength. given that ADA has held strong all throughout this downtrend I think a bounce to outperform ETH short-term is enticing enough R:R wise. What Could Push Cardano (ADA) Into New Highs? One of the key factors that have been affecting Cardano and its price action, it’s the upcoming roll-out of their smart contract platform, Plutus. Input-Output Global (IOG) is currently testing the update in color code phases, they have successfully completed AlonzoBlue, part one, and have into AlonzoWhite. Plutus will be introduced in a Hard Fork Combinator by some point in late 2021. IOG’s founder and Cardano creator Charles Hoskinson made an Alonzo Update via his YouTube channels and said: Everything is looking pretty good, looking like it’s on schedule. Application backend integration is on schedule, the wallet backend integration is on schedule. We have a working Alonzo node, it survive the blue era. Now, we are in the white era. Hoskinson added that they are “mass onboarding people” to collaborate with the testnet and Cardano’s developer is working on the new version for the Alonzo node. As the final implementation approaches, ADA could see further benefits and push its way into uncharted territory.

“You’ll notice transactions happen much faster, and once you’ve created a Vault, you won’t have to keep claiming Moons every month,” said Reddit if the solution is migrated to the Ethereum mainnet.