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Edge computing: 4 things to keep on your radar as your business cuts the edge – Times of India

Edge computing has now become a computing paradigm that has the capability to process data closer to where it is generated, allowing for processing at large volumes and faster speeds, thereby leading to action-led results in real time. Edge computing is seeing rapid investment across most industries ranging from manufacturing and energy to retail, healthcare, telecommunications and media and the use cases are expanding, with the growth of self-driving cars, smart equipment, automated retail and autonomous robots.

The total installed base of Internet of Things (IoT) connected devices worldwide is projected to amount to 30.9 billion units by 2025. But enterprises still have a few things to watch out for to ensure that they can get the most out of their edge computing implementation, this ranges from managing highly distributed environments, approaching security cautiously in the edge infrastructure, in an ecosystem that is still in its infancy.

It just isnt a case of adding on a few devices onto an existing platform and expecting the whole setup to function in-tandem, let us not forget that when cloud computing is involved, a mixture of physical and virtual environments can be a tough puzzle to crack.So what can businesses do to demystify edge computing so as to leverage the technology to the maximum? Here are four top tips:Cyber security and physical security of the device: Currently, security is the most crucial factor in edge computing architecture and its implementations.

Partly due to the security of the physical hardware, and the critical data that the sensors near the devices collect. In this regard, there are trusted open-source software that can help organizations implement a layered security approach across infrastructures, the life cycle and the application stack, in order to ensure better security at edge sites or in cloud environments.

There are three prominent entities at the edge where security has to be of paramount importance i.e. securing OS platforms at the edge, networks at the edge and data at the edge. This can ensure that security is taken care of to a large extent.

Tackling interoperability, how will two edge computing systems interact and share information: One of the steadfast rules of edge computing is that the edge computing stack must support multiple elements that should function in-tandem. Edge deployments usually vary greatly in terms of devices, deployment environment and connectivity, hence it is not advisable to use a single vendor on all edge platforms.

The computing stack must therefore be interoperable, i.e. capable of supporting multiple elements that work together with a myriad of platforms and infrastructures, including virtual machines, bare metal servers and containers. In short, organizations will need to look for an edge computing provider who can handle the implementation of sensors, network plugins, and gateways to handle remote operations.

Planning network architecture to the T: It is of utmost importance to build a network architecture that takes into consideration fulfilling the requirements of all users and applications.

The goal is to brainstorm with the team and decipher which components can be run on the edge and which need to be pushed to the cloud.

Edge solutions are usually multi-layered distributed architectures that balance the workload between the cloud, network the enterprise layer and the cloud layer. It is recommended to seek guidance from consultants who have experience with handling multiple vendors and have knowledge of cloud services to improve on models of network architecture.

Finding and building skilled staff and management: It can be challenging for companies to find engineering and manufacturing staff with the required skill sets for edge computing. As it stands, many IT departments are focused on on-site IT staff and central data centers, so its important to provide continued education and learning opportunities around edge computing for your workforce.

Automating the deployment configuration and management of an organizations edge computing landscape can help organizations manage both the compute platforms and the full application life cycle of edge applications. With remote management, organizations can help reduce the need for on-site IT support. Policy-based governance and proactive analytics can help organizations identify risks, prioritize remediation tasks, and ensure operations are both predictable and compliant with internal policies and external regulations.

Hence it makes sense for organizations to look for a partner who can run a consistent deployment model from the core to the edge. You can look for flexible architectural options to meet connectivity and data management requirements.

Additionally, many open-source technologies are emerging today to enable better optimisation of edge infrastructures.

Businesses need flexibility in terms of where they place workloads, even during times when the strategy needs an overhaul. A strategy that relies only on centralisation isnt the most optimal, owing to bandwidth, latency and resilience issues. This is where open-source innovation plays a critical role to ensure interoperability. Enterprise open source is a natural fit when it comes to multiple infrastructures working in-tandem with a multitude of software stacks.

In conclusion, to make the most out of edge computing, business leaders need to ensure three top deployment tips. One, plan the strategy around specific business goals. Two, by creating open standard based solutions that can access data without concerns for the underlying hardware. Thirdly, make sure to keep the future in mind, asking what the growth of the enterprise will mean for the edge strategy in the long term, and plan accordingly.

Views expressed above are the author's own.

END OF ARTICLE

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Managed IT Services in Raleigh: The 10 Biggest Cloud Migration … – Digital Journal

PRESS RELEASE

Published May 12, 2023

The 10 Most Common Cloud Migration Challenges Explained by Managed Services in Raleigh

Raleigh, United States - May 12, 2023 / ITSco - Managed IT Services Company Raleigh /

Cloud migrations are complicated and fraught with both business and technical risks.But they can also provide great advantages to growing businesses that want to be competitive in the marketplace. Understanding and overcoming the most common cloud migration challenges can help organizations address the biggest risks they will face on their way to creating a successful cloud strategy.

It is estimated that as many as70% of cloud migrations fail on the first attempt, with a corresponding loss of time, resources, and money.

To help prevent your business from being part of this frightening statistic,this blog will outline 10 of the most commoncloud migration challengesand provide tips on how to overcome them.

Keep in mind that the nature and extent of these challenges will vary depending on your businesss specific needs, but, by understanding the issues presented here, you will be better prepared to embark on asuccessful cloud migration!

Navigating the cloud is a key part of modern business.

Moving data, applications, and systems from on-site infrastructure to a cloud platform has the potential to give your organization greater scalability, flexibility, redundancy, and ROI. So, for most companies, its an option that simply must be evaluated.

A simple way to start your evaluation is by making a thorough assessment of your current IT infrastructure, and its ability to support your business plans:

If the answer to any of these questions is no, then its time to seriously consider various cloud solutions as part of your IT strategy.

Whether your cloud adoption strategy involves a simple lift and shift to a public cloud service, or has a more complex migration plan to go to a hybrid cloud environment, youll need to be aware of these top 10 cloud migration challenges to ensure your cloud migration strategy results ina successful first-time migration.

Data security is often the biggest concern when it comes to cloud migration, as you are entrusting your most valuable assets to an external provider making it potentially more difficult to ensure that data is protected from unauthorized access, theft, or loss.

To combat this risk:

Moving to the cloud requires different skill sets than managing an on-premises infrastructure, and organizations that lack experience in cloud computing may find themselves struggling to manage the migration process as well as the ongoing support of cloud infrastructure.

To overcome these challenges:

Many organizations have complex IT infrastructures that include a variety of on-premise and cloud-based systems, and ensuring that these systems can work together seamlessly is critical for the success of cloud migration efforts. Challenges may include:

And ways to address these challenges may include:

Cost management is a critical challenge for organizations during cloud migration. Cloud computing offers many benefits, including increased scalability, flexibility, and reduced IT infrastructure costs. However, without proper cost management, organizations can quickly see their cloud migration costs skyrocket, leading to unexpected expenses and budget overruns.

To overcome the challenge of cost management during cloud migration, organizations can take the following steps:

Legacy systems can be difficult to migrate as they often require complex custom integrations and manual data conversions.

To handle legacy systems organizations should:

One of the most overlooked issues associated with cloud migration is vendor lock-in. This refers to the situation where an organization becomes overly reliant on a particular cloud provider, making it difficult to switch providers or move applications and data to another cloud environment.

To avoid vendor lock-in:

While the cloud offers many benefits, including increased scalability, flexibility, and availability, it can also introduce new performance issues that organizations must address. Examples include:

To avoid costly performance issues:

Moving data to the cloud involves a significant amount of risk, including the risk of data loss, corruption, or theft.

To mitigate these risks:

If your business is subject to certain regulations like HIPAA, GDPR, or FINRA, then migrating data to the cloud will involve additional, critical compliance requirements.

You must research any laws or regulations that may apply to your specific industrybefore beginning the migration process.

Organizations should ensure that their cloud migration strategy complies with relevant regulations and standards. They should also work closely with their cloud provider to understand their compliance obligations and ensure that the provider is meeting their requirements.

Companies often struggle with introducing new technology into their existing IT infrastructure, as it can be difficult for employees to adjust to a new system. This can lead to challenges in adoption and implementation, which can impact the success of cloud migration efforts.

To overcome the challenge of resistance to change during cloud migration, organizations can take the following steps:

Migrating data into the cloud is no easy task, butwith proper planning and execution, you can overcome even the most difficult of challenges.

With ITSco as your trusted partner, you can rest assured that your cloud migration will be planned and executed by experienced professionals who will treat your business as if it were their own. We offer a comprehensive suite of professional services and managed IT services to help our customers understand and address a wide range of IT issues including the unique challenges and complexities associated with cloud infrastructure migrations.

Get in touch todayto learn how our managed IT services in Raleigh can help you make the switch!

Contact Information:

ITSco - Managed IT Services Company Raleigh

8480 Honeycutt Rd #200-V700 Raleigh, NC 27615United States

Mike Savino(844) 581-1319https://www.itsco.com/

Original Source: https://www.itsco.com/blog/cloud-migration-challenges/

COMTEX_432462207/2827/2023-05-12T05:59:20

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Oracle Teams with Wyndham to Bring OPERA Cloud to 2,000 … – PR Newswire

Leading hotel cloud property management system expands relationship with world's largest hotel franchising company, adding to the hundreds of Wyndham branded hotels already live on the OPERA Cloud platform

AUSTIN, Texas, May 11, 2023 /PRNewswire/ -- Oracle is expanding the global rollout of its Oracle Hospitality OPERA Cloud Property Management System (PMS), today announcing plans to bring the system to 2,000 additional hotels under the Wyndham Hotels & Resortsportfolio by the end of next year. Currently, hundreds of Wyndham branded hotels are live on OPERA Cloud with franchisees using the system to simplify everyday hotel tasks, personalize guest experiences, and help boost revenue.

"We've brought hotels onto OPERA Cloud at incredible pace," said Scott Strickland, chief information officer at Wyndham Hotels & Resorts. "Today, we're averaging 20 hotels a week with franchisees migrating in a matter of days and seeing immediate benefits including greater efficiencies, lower costs, and the opportunity to deliver better guest experiences. That includes helping usdeliver new innovations to hotels such as room upselling, integrated revenue management, and mobile housekeeping management, among others, all on a global scale."

Beyond operational and cost efficiencies, Wyndham franchisees can use the Oracle Hospitality Integration Platform (OHIP) within OPERA Cloud to connect with RevIQ, Wyndham's next-generation, cloud-based, mobile-first revenue management system designed to help owners optimize their revenue strategies and grow market share. Created in collaboration with IDeaS, an industry leader in hotel revenue management software, RevIQ is built specifically for the needs of Wyndham franchisees and is designed to deliver top-tier performance while keeping control, flexibility, and simplicity at the forefront. Both it and OPERA Cloud are the latest in a growing list of initiatives supporting Wyndham's ongoing, multi-year digital transformation.

With OPERA Cloud, hotels can easily:

"Wyndham is the model of how a global brand can rapidly adopt cloud-based, mission critical technology," said Alex Alt, senior vice president and general manager of Oracle Hospitality. "With OPERA Cloud, Wyndham can scale to meet the needs and size of each unique property, speed innovation to support the evolving demands of customers, and help hotels create efficiencies that allow limited staff to focus on higher value tasks."

About Wyndham Hotels & ResortsWyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,100 hotels across over 95 countries on six continents.Through its network of approximately 845,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry.The Company operates a portfolio of 24 hotel brands, including Super 8, Days Inn, Ramada, Microtel, La Quinta, Baymont, Wingate, AmericInn, Hawthorn Suites, Trademark Collection and Wyndham.The Company's award-winning Wyndham Rewards loyalty program offers approximately 101 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally.For more information, visit http://www.wyndhamhotels.com.

Oracle HospitalityOracle Hospitality brings more than 45 years of experience in providing technology solutions to independent hoteliers, global and regional chains, gaming, and cruise lines. Our hardware, software, and services enable customers to act on rich data insights that deliver personalized guest experiences, maximize profitability, and encourage loyalty. Cloud-based, mobile-enabled, with open APIs, Oracle's OPERA Cloud property management and distribution, Simphony point-of-sale, reporting and analytics, and Nor1 upsell solutions accelerate innovation, increase revenue, lower IT cost, and maximize operating efficiency. To learn more, please visitwww.oracle.com/Hospitality.

About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us atwww.oracle.com.

TrademarksOracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company--ushering in the new era of cloud computing.

SOURCE Oracle

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TMS Network (TMSN) Being Accumulated by Ethereum (ETH) and … – Analytics Insight

Cryptocurrency investors are consistently looking for new ways to diversify their cryptocurrency portfolio with coins and tokens that can become a major force within the blockchain industry and provide them with solid returns.

Recently, TMS Network (TMSN) has gained much attention from whales who began accumulating it, especially after it quickly completed the first stage of its presale. Ethereum (ETH) and Arbitrum (ARB) investors have begun accumulating this cryptocurrency as a result, and today, we will be exploring why this has been the case.

The Ethereum (ETH) project initially made waves throughout the previous month with the launch of its Shanghai upgrade, a hard fork in which network validators gained the opportunity to withdraw their staked cryptocurrencies.

Version 0.8.20 was released of the Solidity programming language, which is the native language used to code smart contracts on top of Ethereum (ETH).

As of May 11, 2023, the Ethereum (ETH) cryptocurrency trades at a value of $1,821.31. In the past 30 days, Ethereum (ETH) decreased value by 5.1%, and the market sentiment is that if it manages to fall under $1,800, it could result in a bearish outlook. As a result, Ethereum (ETH) investors and whales are beginning to diversify with presale-stage projects.

The Arbitrum (ARB) ecosystem has been growing, and the project announced the launch of the Prime Protocol mainnet on top of its network.

Moreover, Arbitrum (ARB) also announced that their DAO accumulated 3,352 ETH and that the Sequencer will be refunded 5,954 ETH, representing the costs for posting data to the Ethereum (ETH) network.

As for the value of the Arbitrum (ARB) cryptocurrency, on May 11, 2023, the altcoin traded at $1.12. In the last two weeks, Arbitrum (ARB) fell by 20%; Analysts believe that if it does not recover, Arbitrum (ARB) could be headed toward a longer-term bearish outlook. Whales of this altcoin also just began buying the TMS Network (TMSN) token, and we will now go over why this has been the case.

TMS Network (TMSN) will be a project that can revolutionize the Web3 space by providing access to the first trading platform, on top of which anyone can get a high level of freedom regarding their decision-making process.

By using the TMS Network (TMSN), anyone globally will be able to trade any derivative, ranging from stocks, equities, forex, and more, with cryptocurrency payments directly.

No account creation is required to use the TMS Network (TMSN), and all users can just link their wallets and begin trading immediately.

Through its implementation of blockchain technology, TMS Network (TMSN) can provide low latency, on-chain analytics, and support for MT4 and MT5 to enable users to connect trading bots and expert advisors.

Throughout the current presale period of the project, TMS Network (TMSN) trades at $0.088. There is also currently a 30% bonus that will end on May 12, 2023.

By buying the TMS Network (TMSN) token, users will receive access to premium services and a commission fee for every trade made on the platform. Analysts predict that the token can climb to $2.20 by the end of December 2023, and any interested investor and trader will not want to miss the opportunity to look at this presale project through the usage of the links below before it explodes in value.

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetwork

Twitter: https://twitter.com/tmsnetworkio

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TMS Network (TMSN) Being Accumulated by Ethereum (ETH) and ... - Analytics Insight

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Bitcoin and Ethereum fees skyrocket due to meme coins and BRC-20s – Kitco NEWS

(Kitco News)-The global trend of rising inflation has made its way into the blockchain realm as transaction costs across the two most popular blockchains, Bitcoin and Ethereum, have skyrocketed as of late thanks to the ongoing meme coin mania, which has led to network congestion and increased confirmation times.

The struggles for Bitcoin follow the introduction of BRC-20s, which are essentially non-fungible tokens (NFTs) on the Bitcoin blockchain. BRC-20s were made possible by the introduction of the Ordinals protocol last year, a platform that allows for arbitrary content like text or images to be inscribed on individual Satoshis, the smallest unit of Bitcoin.

As a result of the uptick in activity related to Ordianls and BRC-20s, the Bitcoin network has experienced its highest level of congestion in years, resulting in a backlog of transactions due to the limited block space available. Data from Mempool shows that there are currently more than 351,000 unconfirmed transactions and the memory usage has been maxed out.

Unconfirmed Bitcoin transactions and memory usage. Source: Mempool.space

The main issue with BRC-20s is that, unlike conventional token standards like Ethereums ERC-20 standard, BRC-20 does not utilize smart contracts and operates only with wallets supporting the Bitcoin blockchain.

This means that all BRC-20 transactions must be conducted on-chain, which has quickly filled up the limited amount of space in Bitcoin blocks. According to data provided by CryptoQuant, the daily transactions on the Bitcoin network hit a new record of 682,000 on Tuesday, which is a significant increase from 250K daily transactions at the start of 2023.

The average fee per transaction has skyrocketed to $30.82, the steepest it has been since February 2021, CryptoQuant said.

The issue got so bad on Monday that Binance, the top cryptocurrency exchange in the world, was forced to halt Bitcoin withdrawals twice and institute a higher withdrawal fee before they could once again start processing withdrawal requests.

While some in the community have maligned this new development, with at least one high-level developer calling for a spam filter to be implemented on Taproot transactions to block Ordinals and BRC-20 tokens, Bitcoin miners couldnt be more pleased with the network congestion as it has led to a surge in mining fees.

These high transaction fees have started to make up a large portion of miners' earnings, CryptoQuant said. Currently, daily fees constitute 42.6% of the rewards miners receive for adding new blocks to the blockchain. This is the highest percentage seen since December 2017, indicating that the current state of the Bitcoin network is impacting all its stakeholders, from everyday users to miners.

The Lightning Network, a layer-two scaling solution for Bitcoin, has also benefited from the rise of BRC-20s as more crypto firms have now started to explore integrating the protocol as a way to reduce the cost to transact with Bitcoin.

Meme coin trading causes ETH fees to spike

On the Ethereum network, the rise of meme coins like Pepe (PEPE) and Sponge ($SPONGE) has been the main culprit behind soaring transaction costs as traders have utilized decentralized exchanges like Uniswap (UNI) to trade the tokens on-chain.

Data provided by Etherscan shows that the average transaction cost has increased from a low of 9.07 gwei in October to a high of 155.8 gwei on May 5, and currently averages 103.2 gwei. At the current price of Ether, 100 gwei costs approximately $3.74.

Average Ethereum gas cost. Source: Etherscan

According to Etherscan, over the past hour, there has been an average of 173,000 unconfirmed transactions on the Ethereum network.

As a result of the increase in transactions, validators on the network have earned a total of 1,571.2 ETH in transaction costs. This figure hit a peak on May 6, when validators earned a total of 2,168 for confirming transactions. For comparison sake, the amount earned by validators on April 9, prior to the spike in meme coin activity, was 270 ETH.

This issue is nothing new for Ethereum as its struggles with scalability have been well-documented going back to the launch of Crypto Kitties in 2018. But the fact that the network has undergone several high-profile upgrades over the past year, including the Merge and the Shapella hard fork, has many wondering if the network will ever be able to meaningfully scale or if getting used to high transaction costs during times of peak network congestion is something that will have to be tolerated.

As for now, there are no quick fixes to the high fees on either Bitcoin or Ethereum, and many have just accepted that they are the cost of doing business on decentralized networks amid the worst banking crisis since 2008.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Ether Locked for Staking Reaches All-Time High – Bitfinex blog – Bitfinex

12 May Ether Locked for Staking Reaches All-Time HighPosted at 18:29hin Educationbyadmin

Despite fears that Ethereums Shapella upgrade would cause a massive sell-off as staked coins became accessible for the first time since prior to the Merge, staked ETH has reached a new All-Time High. It seems the ability to withdraw has reassured investors who sat on the sidelines during the initial staking rush, and they are now comfortable staking their Ether.

Last month in April, Ethereum implemented its Shapella upgrade, which added several improvements to the protocol. Shapella is an amalgamation of the names of the Shanghai and Capella upgrades, which were enacted at the same time. Shanghai was a set of improvements to Ethereums execution layer, while Capella added fixes to Ethereums consensus layer.

Among the improvements was the ability to unstake and withdrawal previously staked Ether, which had been locked and inaccessible to Ethereum stakers, for months in the prior run up to the Merge, when Ethereum switch from a Proof of Work (PoW) consensus to Proof of Stake (PoS).

Check out our article about the Shapella upgrade to learn more.

In anticipation of the consensus switch, many exchanges and staking pools allowed Ether holders to stake their tokens, before the Merge took place. Staking officially went live on December 1st 2020, and some users have patiently waited years until Shapella was activated on the Ethereum mainnet, to access staked ETH and the corresponding earned rewards.

Users were able to stake and earn staking rewards ahead of the Merge, although the caveat was that both the original staked Ether, as well as the earned staking rewards, would be caught in limbo at least until the Shanghai upgrade, which was still quite a ways off, at the time the Ether was staked.

This meant that last months Shapella upgrade would give everyone access to their staked ETH at once, causing fears of a massive ETH selloff that could have potentially crashed the Ethereum market. Before the Shapella upgrade, Ethereum users had staked about 14 percent of Ethereums total supply of ETH, or around 16 million coins, with some estimates as high as 18 million Ether.

Immediately after Shapella, all staking rewards accrued for the last two years were immediately available to ETH stakers. This amounted to roughly around one percent of the total supply of Ether, or an estimated one million ETH.

Along with those coins, users had the option to withdraw their 32 originally staked Ethereum, but there was a bottleneck in the networks ability to process withdrawal requests, so it was predicted to possibly take weeks or even months, hopefully limiting the impact on downward price pressure, to an extent.

In the days around Shapella and immediately after, Ethers price continued to rise, hitting a high of $2,120 four days after, on April 16th. Despite the excitement and the initial pump, there was a considerable backlog for withdrawals with a two week wait for both full and partial withdrawals.

Coindesk reported that around a 1000 validators immediately exited and processed full withdrawals within 24 hours of Shapella, with another 17,000 validators waiting on requests to be processed. Validators processing full withdrawals and exiting the beacon chain made up only around four percent of the 567,000 validators at the time. The impact to on-chain security was minimal.

While ETH prices have been on the decline since the April 16th high of $2,120, it has not been the massive selloff predicted in the days before the ability to unstake and withdraw Ether went into play with the upgrade. ETH currently sits at $1,771, it certainly hasnt been the crash many feared.

An interesting thing to note, it seems that after withdrawing, some node operators began restaking just days after. Its not clear how many of the original nodes which left the network after Shapella have restaked, but there has been a marked increase in staking.

The total impact of Shapellas unlocking of staked ETH has been minimal on ETH prices. Ethereum users appear to have taken some profits and enjoyed some of their rewards, but staking has also seen a large wave of growth as the amount of Ether locked has reached record levels.

The amount of Ethereum locked has reached 19,321,757 ETH. This sum includes ETH considered out of circulation, a label referring to ETH staked on the Beacon chain, ETH thats been deposited to the Beacon contract which is not yet validating, and Ether which has been rewarded on the Beacon chain.

The amount of locked Ether is a metric which is somewhat analogous to the hash rate in a PoW blockchain. Its incredibly bullish to see this metric increasing as it means that the Ethereum blockchain becomes more secure and shows that Ethereum holders are confident in their ability to park value in staking and passively accrue rewards, regardless of withdrawals being live, or of Ether price.

With Shapella smoothly enabled, Ethereum developers have not slowed their pace in planning the next upgrade. Currently known by the clunky name Dencun, which like Shapella, combines the names of two upgrades, Deneb and Cancun.

This new Ethereum upgrade will enable Proto Dank Sharding an improvement for scaling Ethereum and which could lower fees on layer two Zk Rollups. Dencub would add the improvements set forth in Ethereum Improvement Proposals (EIPs) 4844, 6780, 6475 and 1153.

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Ethereum, Dogecoin, Bitcoin Drop: How PAT WARS’ Presale Can … – Analytics Insight

The crypto market has been experiencing significant turbulence recently, with insiders selling off Ethereum (ETH) and Bitcoin (BTC) and transactions slowing down. This has caused the prices of these major cryptocurrencies to plummet, leaving seasoned investors wondering how to safeguard their investments. In this article, we will explore how investing in presale projects during market uncertainties can be beneficial, specifically in the case of PAT WARS (PAWS).

Over the weekend and into Monday, the crypto market experienced a drop in prices, with insiders selling Ethereum and Bitcoin and transactions slowing down. Bitcoin fell due to Binance temporarily closing withdrawals, causing a backlog of transactions, while Ethereum prices fell after the Ethereum Foundation transferred nearly $30 million of tokens to the Kraken exchange.

Other altcoins also experienced losses, with some down by double digits. The rapid recovery of cryptocurrency assets seen in recent months may have contributed to profit-taking. However, the high gas fees on Ethereum and Bitcoin are becoming an issue, making them almost unusable for smaller transactions. The crypto industry has seen improvements, but investors remain concerned about future drops in the market.

Ever since its presale was launched, PAT WARS (PAWS) has been rapidly gaining popularity. This particular meme coin is designed specifically for cat lovers and Star Wars fans, much like other memecoins that target specific audiences such as Dogecoin and Shiba Inu. The PAT WARS clan consists of Jedi warrior cats that serve as the projects mascots. These cute feline creatures are one with the force of crypto, offering sage advice for those who come to them and using their great knowledge to construct their platform.

Despite the intimidating world of crypto, PAT WARS is first and foremost committed to empowering its community by fostering strong bonds through its DAO and NFT collection, the first of which enables members to carry out votes and make decisions regarding the trajectory of PAT WARS, and the second offers exclusive content and opportunities for the community to bond over. The project is also focused on constant innovation and improvement, with its security and speed being enhanced by being built on the Ethereum network.

Crypto analyst LilMoonLambo recently suggested in a tweet that Pepe Coin (PEPE) could replace Dogecoin (DOGE) as a market sentiment indicator. LilMoonLambo proposed that a surge in the price of PEPE would signal a bullish trend in the broader market. Over the past few days, some large-scale investors or crypto whales, including Machi Big Brother, have reportedly been purchasing significant amounts of PEPE, with its price standing at $0.00000193 as of now. However, some analysts have expressed concerns that the current frenzy surrounding meme coins like PEPE could be harmful to Bitcoins performance. Despite this, PEPE still holds a market cap of over $809 million, even after it recently decreased from its all-time high.

As larger and more established coins struggle to keep their status and value, one might turn towards investing in smaller and newer projects. PAT WARS presale can be a buoy in this market turbulence and can be an effective way to diversify ones portfolio and hedge against losses in other crypto assets. Plus, when a project is this new, the price of a token is so low that any loss would be minuscule, while gains can be quite high.

Presale: https://www.patwars.com/how-to-buy

Website: https://www.patwars.com/

Telegram: https://t.me/PATWARSOfficial

Twitter: https://twitter.com/PATWARSOfficial

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Binance Launches Bitcoin, Ethereum Daily Options To Increase Liquidity – CoinGape

Crypto exchange Binance making several efforts to increase liquidity in the crypto market. Low liquidity appears to be having a negative impact on Bitcoin and Ethereum prices, with BTC price briefly falling to the key 200-WMA.

Binance on Friday announces that it will launch additional BTCUSDT and ETHUSDT daily options from May 15. It will help bring some liquidity by increasing Bitcoin and Ethereum trading, especially against USDT pairs.

According to an official announcement on May 12, Binance revealed that it plans to launch additional BTCUSDT and ETHUSDT daily options in the Binance Option product. Users will be able to trade options daily on the exchange from May 15 08:00 UTC onwards.

These daily options will be European-style options contracts. It will be T+3 BTCUSDT and ETHUSDT daily options, which will be listed every day. However, Binance will not list T+3 BTCUSDT and ETHUSDT daily options if it coincides with BTCUSDT and ETHUSDT weekly, monthly, or quarterly options contract expiry day.

BTCUSDT and ETHUSDT daily options will have a trading duration of three days and expire at 08:00 UTC. This effort will increase liquidity in the market due to a rise in trading.

On Thursday, Binance announced two other efforts to increase liquidity. Users who add liquidity to the WBTC/BTC and WBTC/ETH liquidity pools will receive WBTC Combo Rewards in addition to BNB Rewards and Pool Rewards. The activity is only available from May 11 to June 10.

Moreover, Binance will update the tick size (the minimum change in the unit price) for some spot trading pairs from May 18. This will further increase market liquidity and improve the trading experience.

Also Read: South Korea Prepares for Terra Co-Founder Trial, Do Kwon Extradition

Leading market makers including Jump Crypto and Jane Street exiting the U.S. and regulatory crackdown in the US has caused liquidity issues for exchanges such as Binance and Coinbase.

In fact, Bloomberg reported that Binances spot-trading volumes share fell to 51% in May from 73% in March. While the market shares of Huobi, OKX, and South Korean exchanges have increased. US regulatory crackdown led to users worrying about the safety of their funds, causing them to diversify into other centralized exchanges.

In fact, Coinbase and Binance are witnessing less liquidity as compared to earlier quarters.

Also Read: Who Will Be Twitters New CEO? Here Are Most Potential Candidates

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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Chiliz (CHZ)-Ethereum Bridge Officially Goes Live, Here’s What to Know – U.Today

Tomiwabold Olajide

Chiliz Chain mainnet, first-of-its-kind blockchain infrastructure for sports, now live

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In recent hours, Chiliz, a blockchain provider for the sports industry, has made two significant announcements.

First, the Chiliz Ethereum Bridge, which would enable users to transfer their CHZ tokens from the Ethereum mainnet (ERC-20) to the Chiliz Chain (CAP-20), is now live.

To use the Chiliz Ethereum bridge, users would need to have CHZ tokens on at least either of the networks, enough ETH to cover the gas fee if bridging from Ethereum, or enough CHZ to cover the gas fee if bridging from the Chiliz Chain.

In a major announcement, the Chiliz Chain mainnet, the first-of-its-kind blockchain infrastructure for sports and entertainment, is now live, marking a significant milestone for the world of blockchain and sports.

The public mainnet of Chiliz Chain has officially launched, ushering in the next stage of Chiliz's mission to improve relationships between fans, communities and their favorite sports teams and companies through blockchain technology.

Chiliz Chain is a Layer 1, EVM-compatible, proof-of-stake authority (PoSA) blockchain, marking the next phase in the Chiliz project. It is expected to deliver infrastructure for sports teams and brands to build Web3 products that encourage more direct engagement with their communities.

The EVM-compatible interoperable ecosystem will introduce a system of 11 active proof-of-stake authority (PoSA) node validators, which will include some of the most respected names in blockchain and eventually leading sports properties.

All fees on the Chiliz Chain will be paid using the Chiliz native token (CHZ), which acts as the network enabler of the new ecosystem. The new blockchain (2.0) will be known as the Chiliz Chain, whereas the old blockchain (1.0) will now be referred to as the Chiliz Legacy Chain.

The Chiliz team highlights that MetaMask is the only self-custody wallet currently available on the Chiliz Chain. The company also says that it will routinely launch new validators, products and services that will join the ecosystem and that it has more interesting upgrades planned for the coming weeks.

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Chiliz (CHZ)-Ethereum Bridge Officially Goes Live, Here's What to Know - U.Today

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Bitcoin, Ethereum Push Higher As Inflation Slows to 4.9% in April – Decrypt

Cryptocurrency prices rose on Wednesday after a widely-watched inflation gauge in the U.S. suggested the Federal Reserves fight against soaring prices is making progress.

The Consumer Price Index rose 4.9% in the 12 months through April, the Bureau of Labor Statistics (BLS) said Wednesday, coming in slightly below economists' estimates of 5%.

On a month-to-month basis, the index, which tracks price movements across a broad range of goods and services, rose 0.4% in April compared to a 0.1% bump in March and a 0.4% increase in February.

Bitcoin was up 1.4% over the past day, chipping away at weekly losses of 1.8% at around $27,900, according to CoinGecko. Ethereum was also in the green, notching a 1.6% daily increase and reversing a weekly downtrend at $1,870. Meanwhile, the global crypto market capitalization was sitting at $1.2 trillionup 0.8% from the previous day.

In terms of the impact that Wednesdays CPI print had on crypto markets, Managing Director at Wave Digital Assets Nauman Sheikh toldDecrypta lack of liquidity is likely at play, pointing to market makers like Jane Street and Jump who havescaled back.

Liquidity just fell off a cliff, so any market impact on the way up on the way down will be a little bit more exaggerated, he said. There's no depth to the market, which means any slight pressure on either side is just going to be exasperated.

The indexs increase in April was largely fueled by a jump in housing prices, which grew 0.4% month-to-month, the BLS said. But the measure represented a notable decline compared to a monthly increase of 0.6% in March and 0.8% in February.

The report indicated that core inflation, which strips out volatile food and energy costs, rose 5.5% in the 12 months through April, edging down from 5.6% in March.

For the most part, inflation has steadily cooled over the past several months, down significantly from a sweltering 9.1% clip last June. Still, the latest report showed annual inflation remains far above the Feds target of 2%. And the U.S. central bank has jacked interest rates aggressively in response to rising prices. Its lifted interest rates to their highest levels since 2007, delivering its 10th consecutive rate hike last week.

Higher interest rates cool down the economy because of their ripple effect, impacting costs associated with credit cards and mortgages. They also weigh on stocks and other risk assets, such as crypto, making yields on cash reserves and U.S. Treasury Bills comparatively more attractive.

The Fed risks tipping the U.S. economy into a recession if it raises rates too quickly. And signs of stress emerged in the financial system when several banks collapsed in March. The tumult continued when First Republic Bank failed last week. Now a potential debt ceiling crisis looms.

When the Fed decided to raise interest rates last week, Chair Jerome Powell indicated there could be a potential pause. But he said the central bank would wait and see how the economy performed before making a decision at the Feds next meeting in June.

The fact that [inflation] is within expectations, a bit better for the annual rate, it means the Fed will likely pause, Kaiko analyst Dessislava Aubert toldDecrypt, Because the current banking turmoil in the U.S. is basically making traditional tightening less necessarybanks are already tightening lending standards.

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