In a report filed with the U.S. Securities and Exchange Commission (SEC), the fund managers for the Miller Opportunity Trust, Bill Miller’s hedge fund, state that “bitcoin has significant upside potential as a form of digital gold.” The report details that despite its volatility, bitcoin’s “risk-reward is attractive.” Hedge Fund Manager Sees Bitcoin’s ‘Significant Upside […]
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Cardano’s developer IOHK has now confirmed smart contracts capability is set to launch on the network on September 12th. The long-awaited upgrade to the Cardano Mainnet will see the addition of smart contracts capability to the network, which would open the door to both developers and investors alike on the network. The launch is scheduled for Sunday, only four days away. LAUNCH CONFIRMED: Today, around 17:26 UTC we successfully submitted an update proposal to the #Cardano mainnet, to trigger a hard fork combinator event on Sunday 💪🙌 #Cardano $ADA 1/6 pic.twitter.com/rEtjrdGiBV — Input Output (@InputOutputHK) September 7, 2021 Related Reading | Analyst Lays Out Theory That Suggests A 290% Move In Cardano (ADA) Before Rally Is Over Taking to Twitter, the developer shared with the wider community that they had successfully submitted an upgrade proposal to the Cardano Mainnet. This would trigger the hard fork combinator (HFC) event that would take place on Sunday. “The Alonzo HFC event will be the most significant upgrade yet, laying the firmest of foundations for an exciting new era of smart contracts on Cardano,” said the developer. Using the HFC technology will enable the deployment of smart contracts capability with the core Plutus, which will come will all compatibility upgrades across the entire software stack. Testing has already been underway for the smart contracts capability with trusted testers from previous upgrade iterations. So far, the smart contracts are processing transactions accordingly and developers have taken to building their DApps on the platform. Gearing Up To Compete The final deployment will see Cardano competing with other networks successfully operating in the space. Going up against well-known smart contracts platforms like Ethereum, and a new contender that has taken the market by storm, Solana. Alonzo Hard Fork will bring decentralized finance (DeFi) and decentralized exchanges (DEX) to the ecosystem, as well as capabilities like being able to mint NFTs on the Cardano blockchain. Effectively expanding the scope of use cases of the network. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course The network ran into some problems earlier when rumors started making the rounds on social media that the smart contracts could only handle one transaction at a time. But this was soon after cleared up by the developers, who showed that the problem was not with the network, but rather with the DApp Minswap. IOHK further encouraged developers to keep testing on the network, adding that “this is what a testnet is for.” Cardano (ADA) Price Reaction Cardano, like the rest of the market, is still reeling from the flash crash which it experienced yesterday. Although it has recovered from the lows of the flash crash, the digital asset continues to struggle to find footing back to positions before the crash. The announcement from Cardano’s developer did not do much to push the price upwards, which has left the asset trading around the $2.3 range. Putting it back down below highs from May. ADA price struggles as market reels from crash | Source: ADAUSD on TradingView.com At the time of writing, the asset is trading at $2.38, down more than 9% in the last 24 hours. The crash in its value has brought the total market cap of the asset down to $76 billion. Although remaining the third-largest cryptocurrency by market cap. Featured image from Ethereum World News, chart from TradingView.com
There have been constant questions about what would happen to Rollups once ETH2.0 is fully complete including sharding. Vitalik responds here: https://ethresear.ch/t/cross-rollup-nft-wrapper-and-migration-ideas/10507/8 "It will not become useless for a long time. The current proposed implementation of sharding is just data sharding, meaning that you would not be able to have txs “directly” on the shards;…
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The DYDX governance token becomes the latest airdrop to surpass $100,000 for the most active users, and the DEX’s transaction volumes highlight the rising popularity of layer-2 platforms.
The new Bitfinex STO trading platform is now ready to operate in Kazakhstan. It will allow investors access the tokenized securities and blockchain-based equities. Popular Bitfinex cryptocurrency exchange has announced its plans to launch a trading platform that focuses on STOs (Security Token Offerings). Bitfinex recently announced that they scheduled the new platform to operate in compliance with Kazakhstan financial laws. This is in line with the provision of (AFSA) Astana Financial Services Authority. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course The Security Token Offerings exchange is also known as Bitfinex Securities Ltd. Its launch is seen as one of the company’s efforts in supporting the growth of the world’s financial industry. Securities Features And Offerings of Bitfinex Bitfinex Securities is to run a 24/7 operation similar to others in the digital market. The company deployed technologies that will boost efficiency, reduce transaction costs and enhance the success rate on the platform. Investors will have the opportunity of accessing an International Security trading market via the STO platform. Interested investors will also have the opportunity of diversifying their portfolios. In addition, the STO will provide them access to varieties of financial products like bonds and equities. Issuers of the Security tokens take advantage of the platform when they raise capital through the tokenized security offerings. The information was according to an announcement, and the idea was to raise capital. The Bitfinex Chief Technology Officer stated that the STO exchange seeks to offer a positive contribution. It will assist the trading platform in becoming the best of its kind in the world. Paolo Ardoino added that Bitfinex Securities Ltd offers a new regulated platform that serves medium-cap and small companies. It targets the ones that are currently underserved by already existing capital markets that are inefficient. Restricted Countries Kazakhstan will regulate the exchange. It will allow global investors to trade different tokenized securities publicly. However, investors in Canada, Switzerland, Australia, the British Virgin Islands, the United States, Italy, and Venezuela have restrictions. According to the legal statement from Bitfinex, they are not allowed to utilize the platform. Related Reading | Survey Shows 25% Of US Teens Prefer Cryptocurrency Investment More so, other countries under the embargo of Iran, Kazakhstan, the United States, and Cuba, etc., are also restricted access. Rising Demand For Tokenized Securities A security token is an investment contract representing real-life assets such as digital artwork and real estate. The popularity of this asset class is increasing among investors, with various crypto-related firms joining the market. These firms offer different tokenized securities. Traditional financial institutions have noticed the increasing demand for these securities. As a result, they have started issuing their security tokens like other crypto-related companies. Featured Image From Pixabay
Following the launching of an NTF marketplace by FTX crypto exchange, the price of FTT hit a new all-time high. FTT is the native token of the FTX crypto trading platform. As FTX crypto exchange launches its NFT marketplace for us residents, the native token FTT on Tuesday hits $83. This is a new all-time high for the utility token; FTT gives the holders unique advantages like reduced trading fees. It also allows them access to staking opportunities so they can earn percentage rewards. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course According to CoinGecko data, although the token by press time dropped to $75.12, it has gained 12.2% in the past day. FTT has also reached a high of 69% within the week. The FTX token is in bullish momentum and aims to recover previous losses | Source: BTCUSD on TradingView.com The high price made the token market cap increase to $8.44 billion, making FTT the 26th biggest digital asset. This development happened amidst the FXT launch of its marketplace for NFTs (non-fungible tokens). NFTs are crypto assets you can attach to internet files to prove ownership for artworks, music, concert tickets, and videos. FTX Launches NFT Platform in the United States Yesterday, the NFT marketplace of FXT kick-started operation with a wave movement. To correct this, FTX US has raised the minting fee of the new NFT to $500 briefly, then to $10. Sam Bankman-Fried, before the incident introduced his Test NFT, it was sold initially for $10 on the FTX US. Sam is the CEO and founder of the company, and his Test NFT sold for barely $270,000. The CEO had expected the NFT marketplace on FXT.com to be ready for launching in a few weeks. However, the NFT marketplace on the website FXT.com is the main platform of the exchange. The NFT marketplace on FXT.com is similar to the marketplace on FXT.US will be cross-chained natively. In addition, it will support both Solana and Ethereum blockchains. According to records, FTX is just among the crypto exchanges that explore the non-fungible tokens this year. In June, the popular crypto exchange Binance had launched an NFT marketplace with a project known as “100 Creators”. Binance NFT platform features exclusive NFTs designed by global leading artists, events, and buy premium. Related Reading | Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations Earlier this month, another renowned exchange OKEx also trailed the path of introducing its version of the NFT platform. The platform will be for buying, selling, and even minting NFT across the exchange ecosystem. OKEx is the world’s second-biggest crypto exchange in terms of volume, and each of its NTF is unique and unchangeable. Featured image from Pixabay, chart from TradingView.com
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