Bloomberg’s Senior Analyst Says Ethereum Is the “Collateral of the Internet,” Expects Price Surge Amid Growing Demand
submitted by /u/anon43850 [link] [comments]
submitted by /u/anon43850 [link] [comments]
Chinese authorities have jailed four individuals that were accused of kidnapping one person and demanding “hundreds of bitcoins” as a ransom payment. While the alleged kidnapping is reported to have occurred in the Philippines, the cooperation between the two countries eventually led to the arrest and eventual sentencing of the Chinese kidnappers. A Ransom Demand […]
"Thea is a unique combination of the Threshold Signature Scheme (TSS) cryptographic primitive for distributed key generation/signing + light clients, software that connects to full nodes to allow interaction with the blockchain without storing the actual blockchain. Unlike current token bridges with centralized relayers, Thea is run by existing Polkadex network validators who act as…
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The often so-called progressive forces from left-wing and green parties were the driving forces in sealing the fate of the DeFi sector and crypto in general in the EU. Yes, for the individual holder there will be solutions, but an industry has been massacred and the EU once more gave up the possibility to take…
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Has anyone had any success hosting an Eth node on AWS? I want to run my own node, but I’ve heard from a few people that the data costs are high. submitted by /u/VermicelliOk5182 [link] [comments]
Professional research has shown that celebrities and fans are equally vital in celebrity-fan relationships (link). Before social media, interacting with your favorite artist was impossible. The closest interaction possible would be from reading a recent newspaper interview. As social media surged, those with fame were able to display their personality to fans. However, this was no different than viewing a newspaper – except with more colors and interactivity. As of the 21st century, the adoration and support of fans raised celebrities to new heights where business and brand creation became prevalent (link). Nonetheless, this evolving form of business is heavily flawed since celebrity marketing is limited as it’s aimed at their existing fans. Other platforms have attempted to create both profit and connection, such as Cameo, TrueFan and TRING. Each of these services offers fans the ability to pay and receive content at their request. On paper, these services seem good, a celebrity can make some side income interacting with fans and bridging the gap between them. Academics, social scientists and professionals have stated a darker side to these services (link) and rather than supporting close connections with artists they instead turned artists into digital puppets, of which a user can perform digital ventriloquism to play with a celebrity’s persona. These services prey upon the artists, taking percentage cuts and using their image to fool fans into thinking interaction is meaningful. The result is an unhealthy power dynamic between celebrities and their fans – dictated by money rather than community engagement. These are the sole services for supporting artists to connect with their fans. That is until nOFTEN released their one-of-a-kind celebrity-fan NFT (non-fungible token) platform. NFTs are physical assets, turned into digital assets, securely stored on a blockchain. The blockchain automates transactions and ensures the owner’s assets stay in their possession. Blockchains still require a marketplace to trade. Thus nOFTEN produced an excellent marketplace for artists, celebrities and fans worldwide. The experience with nOFTENis simple, an artist joins, verifies his identity and then gets a bustling platform to create and distribute content. nOFTEN provides the artists with the freedom to create and express themselves to fans. For fans, they can own everlasting, passionately made creations from those they adore. The NFTs offered on the platform are not only demanded content such as those on Cameo. Instead, there are options to own pieces of art or meaningful memorabilia. The platform offers additional incentives, including verified accounts to stop inauthentic resellers, royalties and freedom to be creative. The nOFTEN platform intends to further reinforce the connection between communities and artists in the future. Their roadmap plans out future features including staking for their $NOF token and a DAO (decentralized autonomous organization). By enabling a DAO for nOFTEN, both artists and fans can work together to use $NOF, the mutual financial asset. Working together, the nOFTEN community can change the rules and laws of the platform. With that, it’s clear nOFTEN provides the first limitation-free platform to support celebrity-fan interaction. This platform supersedes competitors by creating a limitation-free ecosystem. The limitations and issues include a limited sphere of influence, unhealthy power dynamics and social control. The nOFTEN platform fixes all these issues by offering a hub of like-minded artists and nOFTEN partners for collaboration. The unhealthy power dynamic is removed by promoting creative freedom, not creative control. Further, the future DAO allows both parties to harmoniously support each other and the wider community. The connection between fans and celebrities has never been stronger thanks to the nOFTEN marketplace. Visit the nOFTEN website here. A super-rare and unique platform, will you experience the nOFTEN revolution with your favorite celebrity?
Swapin, an EU-licensed crypto payment infrastructure, has announced the successful completion of their funding round that started back in December 2021. The cap reached was leveled at the €1.68M mark, which significantly enhances the capabilities of the project to develop further. The first significant step announced by the team is a complete rebranding, which also implies an update to the company brand vision. Swapin is a reflection of the project’s key mission – providing access to instant fund transferring (swapping) between crypto and fiat. Regardless of the exact product you choose by Swapin, it will always be aimed at bridging these two common types of assets and the people that use them. Swapin B2C and B2B Product Lineup The announced brand philosophy can easily be seen among the Swapin product lineup, which will comprise at least five services by the end of 2022. InstaBuy and InstaFill (relatively similar solutions aimed at making instant crypto-to-fiat payouts accessible) will be complemented with a reliable crypto-purchasing tool (InstaBuy) and several products geared at bridging fiat and cryptocurrencies for businesses and individuals – CoinCollector and E-com. The latter two deserve a closer examination, as B2B product development has been outlined as a prior focus for the ongoing year. CoinCollector is a simple but unique online tool that enables businesses to accept payments in crypto and receive the funds directly to their bank accounts without touching or dealing with digital assets. All that’s needed is to create a CoinCollector payment link and share it with a client who wants to pay with crypto. Once the recipient sets the amount that needs to be transferred in fiat, the service provides him a wallet address and exact sum in the crypto of their choice, which will be valid for the next 30 minutes. The only step remaining is completing the transfer, and once that is done, the established amount of euros will hit the merchant’s bank account. CoinCollector fully complies with EU financial regulator requirements as all services by Swapin are supervised by the Estonian Ministry of Financial Affairs and Communications. E-com, the second option, is a highly compatible payment widget for online shops and merchants designed specifically for entities. Working almost similar to CoinCollector, it can be permanently integrated into any online store, thus significantly broadening its target audience by adding in those clients looking for the opportunity to pay with their crypto. Another positive fact about E-com and CoinCollector is that they protect both businesses as well as their clients from market fluctuations. This means that the client sees the exact amount of crypto he needs to pay, while the entity always gets the demanded sum in fiat currency. Swapin 2022 Roadmap And More This isn’t even an exhaustive list of product updates mentioned in the Swapin 2022 roadmap, as the company seeks to launch a virtual IBAN release option and acquire an EMI (Electronic Money Institution) license by the end of the year. When reached for comment, Evald-Hannes Kree, CEO at Swapin, emphasized the company’s recent achievements: “Swapin is the best possible brand name to reflect our passion – the endless search for a better way to integrate the worlds of digital assets and traditional finances. We see a large and, more importantly, consistently growing demand from both ends, and we know our clients’ needs. Finally, we have the relevant experience of successfully building products that give us a clear vision of further steps. I have no doubts that Swapin has a bright future ahead, especially with the support provided by our respected investors.” About Swapin Swapin is an EU-licensed, regulated crypto-to-fiat payment processing company. The company offers a complete set of turn key solutions aimed at bridging the gap between digital and fiat asset flow. Swapin allows the conversion of personal crypto funds or incoming payments in digital assets into direct deposit to the selected IBAN account, avoiding excessive accounting and legal compliance struggles. The variety of ready-to-go solutions, targeted both at individuals and businesses, allows for immediate fiat settlement in the desired fiat currency in only a matter of clicks.
Smart contracts are an essential building block within the cryptocurrency ecosystem and are the core of many decentralized applications (dApps). These programs run when predetermined conditions are met to help automate workflows, execute agreements, and carry out other essential tasks that can be governed with “if/when…then…” statements. Programmed by developers, smart contracts are trustless, autonomous, decentralized, operate transparently, and are unable to be reversed or modified. These attributes make smart contracts a useful tool in reducing or even eliminating the need for intermediaries or third parties. The code arbitrates the terms of an agreement or contract. Legacy Industries Remain Interested In Harnessing Smart Contracts Unsurprisingly, the benefits of smart contracts mean many traditional companies are looking towards the technology to optimize operations. Research published in December 2021 projects the global smart contract market size is expected to jump to $770.52 million by 2028 up from about $145 million in 2020. Smart contracts have already made notable waves within the supply chain industry as businesses aim to better track products. In the summer of 2021, blockchain and crypto mobile app provider Epazz Inc announced plans to launch its StreamPay Blockchain Smart Contract App. The company noted the application could be used by supply chain managers to keep watch on raw materials as they are transformed into finished goods, thanks to smart contracts. The traceability benefits of smart contracts have also attracted some in the legal industry to take a look at the technology. Some believe smart contracts could build on the advent of e-signatures for legal documents to create scenarios where lawyer fees and other costs could be reduced by making agreements with the help of customized smart contracts. Back in 2017, Arizona Governor Doug Ducey signed HB 2417 into law, which asserted smart contracts were legal and enforceable under state law. By far, Ethereum remains the most popular blockchain for running smart contracts. Smart contracts run on the Ethereum Virtual Machine (EVM), a global, decentralized computer where Ethereum nodes provide power in exchange for Ether tokens. Any Ethereum user can write a smart contract and deploy it to the network as long as they have enough ETH and understand how to code in a smart contract language like Solidity or Vyper. EVM Compatibility, A Vital Attribute For New Smart Contract Innovation As EVM remains the most popular platform for smart contracts, blockchain compatibility remains of utmost importance for teams interested in attracting users. Compatibility reduces the amount of gas needed for contract verification and execution. Lycan Chain is one example of an up-and-coming EVM compatible blockchain with its own secure consensus mechanism. Developed by the team who introduced Werewolf, one of the world’s first DeFi ecosystems, Lycan Chain focuses on alleviating scalability issues and fostering full smart contract adoption. Compatible with EVM and interoperable with Web 3.0, developers can rely on Lycan Chain’s unique hybrid proof-of-stake architecture to quickly integrate dApps onto the blockchain. Named after the mythical Lycan species famous for its speed and immortality, the Lycan Chain team announced the launch of its Testnet in early March 2022. As smart contracts remain the soul of ever-changing and dynamic blockchain industry, EVM compatibility remains of utmost importance for new and dynamic blockchains interested in helping developers quickly build scalable and secure solutions.
Since the regulations force businesses in EU to obtain kyc for transactions above 1000 Euros, it will kill the real world use cases of crypto . The KYC information could easily leak and then the wallet used for the transaction becomes linked to a user identity for everyone to see . Effectively this makes the…
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Viewers of the documentary, especially those aware of the whole saga, resonated with the conspiracy theory about the founder faking his death.