Category: Cryptocurrency News

Hyperdex, a Swiss-based decentralized exchange (DEX), announced its mainnet is finally going live following the successful period of its testnet. The launch of the mainnet brings along three major advancements on the platform, named “cubes”, enabling users to adjust to the Hyperdex network and unlock its vast capabilities. Going live on Wednesday, the Hyperdex mainnet will introduce the Fixed Income, Algo Trading, and Race Trading cubes, adding to a plethora of features available including token swaps, liquidity provision & staking. According to a team statement, the three “cubes” will be the first phase of investment development and strategies integrated into the platform, with more to follow in the coming months. First, the Fixed Income strategy employs a low-risk strategy that enables them to earn a fixed return on their stablecoins and crypto-assets over a specific period of time. The Fixed Income cubes each offer different rates of return and details pertaining to the investment. Second, the Algo Trading cubes is a moderate risk strategy that enables users to earn a variable return on their crypto assets. The strategies are based on statistics, with a multidimensional approach stemming from but not limited to arbitrage. Finally, the Race Trading cube is Hyperdex’s flagship product, offering DeFi users high-risk strategies that allow users to take derivative-like positions on their crypto assets on a decentralized and secure platform. Race Trading Cubes take a relatively more aggressive approach to investing, with users able to speculate on the future price of an asset by selecting long or short positions. The strategies offer a wide variety of Cubes with different assets, target prices, liquidation prices, leverage, and more. Additionally, the Race Trading cube is built for all users, whether amateur or pro traders, with Hyperdex controlling every complicated component of what is essentially a derivatives contract. Traders on Race Trading will only need to press a few clicks on the platform to start trading derivatives, similar to the convenience of a centralized exchange. “Hyperdex was designed to drive down the complexity of DeFi investment, and to give users exposure to sophisticated products that were once the preserve of pros,” explains Manfredi Magris, Hyperdex Co-Founder. “Our Race Trading cube, for example, contains a simplified derivatives contract that makes it easy for anyone to experience the rewards of decentralized finance, all boosted by the HYP token.” Hyperdex launches $HYP on IDO Once the mainnet launches, Hyperdex will launch its native utility token, $HYP, via an initial DEX offering (IDO) and issued it to private investors. The $HYP token can be used to boost liquidity provision (LP) rewards available to users of the Hyperdex platform and to incentivize the deployment of automated trading strategies. Finally, the launch of the Hyperdex mainnet kicks off a path to build the platform according to its ambitious roadmap. In the coming weeks, the team plans to introduce more sophisticated ‘Hypercubes’ that boost the investors’ returns two-fold and launch a P2P loan exchange.      

European crypto investment platform Bitpanda has now launched Bitpanda Staking, offering users the possibility to earn and generate yield on selected cryptocurrencies. At launch, eleven cryptocurrencies will be available for staking with Bitpanda: ADA, TRX, XTZ, SOL, DOT, MATIC, ATOM, GRT, KSM, NEAR, and LUNA; more staking assets will be added throughout the year. Staking…
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"BREAKING: HivemindCap and Algorand today announced the acquisition of Napster, to once again revolutionize the music industry by bringing blockchain and Web3 to artists and fans. Music industry veteran Emmy Lovell has been named interim CEO. Stay tuned for further details." Source: https://twitter.com/HivemindCap/status/1524027670941556739 Who is Hivemind Capital? Hivemind Capital Partners ("Hivemind"), an investment firm founded…
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On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover. […]

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submitted by /u/ZomaticLex [link] [comments]

ETH/BTC rallies to test its ‘ascending triangle’ pattern for a bullish breakout.

Shouldn’t it be possible to create a dapp with just django, solidity, web3.py, htmx, and css? Can one get the same results with this as another can get with js & solidity? Thanks in advance! submitted by /u/Boy_georgee [link] [comments]

With the growing threat of climate change, many industries need precise weather forecasting every hour. Plugin’s blockchain solution provides decentralized, verifiable weather data. Problems with existing weather information technology Weather intelligence platforms collect weather-related information from distributed radar and satellite systems. While this is useful for gathering data from remote corners of the world, it limits the scope of weather forecasts to wider geographic regions, such as cities and states. These generic weather forecasts don’t provide details on how the weather will change in a specific street or neighborhood. But having this type of information empowers businesses to make more informed decisions. Why industries need better weather data Weather data is collected in various ways globally, but the most popular data collection methods are satellites and hyperlocal sensors. While satellites cover a wide range of geography, they compromise accuracy in specific areas that hyperlocal data can mediate. Hyperlocal data collection is the most efficient form of data collection. One of the largest industries relying on weather updates is the agriculture sector, and the more detailed the weather forecast, the better. Bringing that information to farmers all over the world will prove to be a challenge, although blockchain technology could facilitate the matter. The future effects of climate change will necessitate better weather information for agriculture. IPCC chairperson “Hoesung Lee” said that  “The next few years will be crucial for the state of climate change in this century. This is why an updated assessment of mitigation is more important than ever”. Why extreme weather increases the importance of weather data Many industries, ranging from aviation and agriculture to automobiles and transportation, are significantly affected by weather phenomena like fog, freezing rain, thunderstorms, heavy wind, or even a drop in temperature. The present increase in extreme weather events, accelerated through climate change, is significantly increasing the importance of detailed weather data from trustable systems. Advantages of putting weather data on the blockchain With every industry getting disrupted by new technology, blockchain wins over competitors by offering immutability, trust, security, and decentralization. Putting weather data at a granular level on the blockchain powers many use cases with real-time data at the push of a button. The alternative is a centralized data structure, which is vulnerable to malicious attacks and systemic errors. XDC’s Plugin Decentralized Oracle Network offers due support here. How Plugin Weather Forecast Node (Plugin WFN) solves the weather data problem Plugin, a decentralized oracle built on XDC Network offers decentralized weather data. This data gets collected and processed through registered weather stations (hyperlocal sensors) placed across different places worldwide. The weather data from these nodes gets collected and processed at near real-time velocity and pushed into a data lake. This can be scaled up highly by setting up similar units across the globe, forming a great data lake. The information collected in Data Lake is at a granular level. Each weather unit has latitude and longitude coordinates tagged with data. This provides weather information that is cryptographically signed when uploaded to the Plugin blockchain, so anyone who needs weather information for a smart contract can verify its provenance. The provenance information cannot be forged or falsified. Plugin WFN data providers are duly compensated by Plugin for providing an important fuel for the future: weather data. There are periodic checks performed at registered weather nodes as a measure of quality. Due to climate change-induced extreme weather phenomena, such weather data is needed for validation and verification of crop insurance claims, which offer payouts when specific conditions are met. It can also be used by commodities investors hedging against drought or even logistics companies to re-route their cargo on land when unfavorable weather conditions persist. How Plugin’s system will build a new economy The Plugin Weather Forecast Node use case setup by Plugin on the XDC Network brings the data from various regions across the globe at a granular level. Through efficient data processing from various units across the globe, Plugin’s data lake will build a new economy in the future, decentralized world. Using the decentralized application UI, users can get real-time or near real-time data from weather units currently deployed across the region. By selecting ‘Country’, ‘State’, and ‘City’, users can view the data at a latitude/longitude level. More filters can be enabled to drill down to the granular level. These data can be pushed onto the blockchain using smart contracts, and events can be triggered to make insightful decisions. Plugin Weather Forecast Node is currently open to the community members. In the near future, it will improve the efficiency of many industries, including agriculture, aviation, and insurance. Plugin (ticker PLI) is listed on various crypto exchanges such as Bitrue, Liquid, HitBTC and Globiance. The future is here. WELCOME TO THE PLUGIN WEATHER FORECAST NODE (Plugin WFN).