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CLabs, the organization responsible for developing the Celo blockchain, is seeking to return to the Ethereum ecosystem by transitioning from an independent EVM-compatible layer-1 blockchain to an Ethereum layer-2 solution.

According to a proposal discussion on Celos governance forum, the transition would include leveraging OP Stack as the architecture to become an Ethereum L2 blockchain, eliminating the need to monitor tooling and libraries composability through upgrades, thus making it easy for Celo developers to utilize the full gambit of Ethereum tooling/libraries.

Other key differentiating factors would include an off-chain data availability layer operated by Ethereum node operators and protected by restaked Ether (ETH), along with transforming current validators into decentralized sequencers for L2.

Layer-1 and Layer-2 blockchains differ primarily in purpose, but also in their design and architecture. While L1 networks are designed to be self-sufficient, L2 solutions are aimed at enhancing the performance of L1 blockchains rather than operating independently.

Benefits from the transition were said to include increased security while maintaining low gas fees. We expect no material change of gas fees. As the proposal is for an L2 solution with off-chain data availability, gas costs can be a lot lower than on other L2s, reads the proposal, scheduled to be discussed on a governance call on July 21 before being released for a temperature check on the following day.

By adopting the proposal, end-users would not be affected by the migration, and CELO tokenholders would retain control over core contracts by voting on governance proposals. Additionally, CELO tokens will also be used to pay for gas.

Although the transition seems purely technical, it may affect the Celo ecosystem in different ways. As per the forum discussion, it could potentially enable more liquidity to flow between Celo and other chains but also generate extra costs for sequencers, such as fees on the data availability layer and gas on Ethereum. In addition, it is also unclear whether sequencers' rewards would match with current validators rewards.

With blockchains becoming increasingly competitive, Celohas been working on improving its mobile experience by incorporating increased functionality and particular features. The Celo ecosystem is also targeting developing economies, where more technological solutions for payments are in demand.

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Magazine: Heres how Ethereums ZK-rollups can become interoperable

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Celo blockchain proposes return to Ethereum ecosystem, transition to L2 - Cointelegraph

The headlines in crypto for the last year have been all about fraud, regulatory crackdowns, and the general dysfunction of the industry. This makes it easy to overlook the fact that blockchain technology is moving forward and that, even amid all the scandals, crypto is getting better and easier to use.

I was reminded of this recently when I spoke to Henri Vis of Matter Labs, an outfit thats raised around $460 million to develop a complement to the Ethereum blockchain that makes transactions faster and cheaper by using so-called zero-knowledge technology. The specifics are complicated, but the basic idea is that Matter Labs takes batches of transactions and processes them in bulk before stamping a tamper-proof record on the main Ethereum blockchain.

This is not exactly new. Developers have been building these sorts of layer-2s for years, and two projects, Arbitrum and Optimism, that use a rival method to zero knowledge are well-established in the crypto world and worth billions of dollars. Whats different now is that the layer-2 projects seem to be on the cusp of delivering on their promise. According to Vis, Matter Labs techknown as zkSyncmakes transactions around 80% cheaper, and theyre poised to get much cheaper than that.

Just as important, Vis says the layer-2 projects are making big strides in fixing their godawful user experience, which typically involves having to buy something called wrapped Ethereum or another token and then jump through hoops to make it work. Refreshingly, Vis conceded the current experience is a nightmare andalong with the high costs of using the main Ethereum blockchainmake most people not want to have anything to do with crypto.

If hes right, then crypto newbies will be able to easily interact with blockchains without getting torched by sudden fees of $20 or more that have led many sensible people to throw up their hands and not return. Meanwhile, businesses of all stripesVis says every big tech, finance, and retail company has a team tinkering with blockchainare exploring ways to take advantage of Ethereums powerful ledger and smart contracts. Its not crazy to think that, two years from now, Ethereum will have a mainstream role in everything from payments to loyalty programs.

Weve heard such promises for years, of course, but something just feels different this time. The ends of previous Crypto Winters have seen the technology take a giant leap forward in terms of cost and ease of use, and this is likely to happen again. As for which layer-2s will prevail, Vis predicts the field will come to take on an Uber/Lyft dynamic with one company winning around 80% of the market share and one rival picking up most of the rest. Right now, relative newcomer zkSync ranks third, but its still early enough for things to shift dramatically.

I cant predict who will win or just when this new era of cheap, easy-to-use crypto will beginespecially as the industry has a habit of shooting itself in the foot. But the accelerating popularity of layer-2s, and their focus on making blockchain cheap and easy to use, suggests crypto is going in the right direction.

Jeff John Robertsjeff.roberts@fortune.com@jeffjohnroberts

Last weeks Ripple ruling could have a perverse effect as it appears to provide special protections to sophisticated crypto investors and not retail ones. (Bloomberg)

Binance laid off approximately 1,000 employees, primarily those in customer service roles. (Fortune)

The price of altcoins like Solana and Avalanche are way up after the Ripple ruling in what analysts described as a FOMO rally. (Bloomberg)

JPMorgan analysts described the Ripple ruling as a win for Coinbase, whose shares are up considerably. (The Block)

Defi lender Aave created a new stablecoin, GHO, which reached a $2.5 million market cap in two days. (Decrypt)

Zuckerberg just invited Twitters crypto-loving cofounder to Threads:

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Crypto is close to solving its biggest problem: Building something useful - Fortune

Ethereum Developer Conference Ethcon Korea 2023: What to Expect

Ethcon Korea 2023 is the premier Ethereum developer conference in South Korea, sponsored by the Ethereum Foundation. It will take place from September 1 to September 3, 2023, at Platz2 (2) in Seoul, a cozy and spacious co-working space in the heart of the city.

The event will feature a keynote speech by Vitalik Buterin, co-founder of Ethereum, who will share the latest updates and future plans for the Ethereum project. It will also showcase presentations by developers from around the world, who will share their innovative research and projects in the Ethereum and Web3 space.

Ethcon Korea 2023 is a non-commercial, volunteer-driven event, supported by the Ethereum Foundation to foster knowledge sharing and collaboration among the developer community. It is the largest developer event in Korea, attracting talent from both local and global scenes.

The event will also host a three-day hackathon, where developers can work on new ideas and projects, and present them at a live-streamed demo day. The hackathon will use Quadratic Funding, a democratic funding and evaluation method for public goods, proposed by Vitalik and implemented by Gitcoin. Quadratic Funding combines votes from judges, sponsors, and attendees to allocate resources based on their contribution and support.

Ethcon Korea 2023 is open for submissions for proposals and talks until July 18. The event aims to include a diverse range of active researchers and developers, with the main goal of learning from each other and advancing the Ethereum ecosystem.

Ethcon Korea 2023 is part of the Korea Blockchain Week 2023, a Web3 conference organized by FactBlock and Hashed, which will run from September 4 to September 10.

Ethcon Korea is an annual developer-focused conference and hackathon held in Seoul, South Korea. It is the largest developer event in the country, dedicated to Ethereum and Web3 development. For more information, please visit the official website at https://ethcon.kr/.

Excerpt from:

Ethcon Korea 2023: Ethereum Foundation's Dev Event to Feature ... - FinanceFeeds

2023-07-18 04:10:17 ET

AltSignals has raised nearly $1.2 million in its token presale, with strong narratives for crypto and artificial intelligence key to investor interest.

Meanwhile, the crypto market has faded some of the exuberance that saw bulls push prices higher after a US judges ruling delivered a partial win for Ripple in its case with the SEC. While XRP remains largely bullish with over 55% gains over the past week, Bitcoin , Ethereum are holding key levels.

Analysts say the V-shaped action seen across the crypto market could be the beginning of a slow grind amid choppy conditions. They see the next few months resembling the pre-bull market action of 2016 and 2019-2020.

Bitcoins dip to lows of $29,700 and Ethereum to $1,875 was mirrored across major altcoins. But the crypto market quickly rebounded to above key levels in V-shaped action fueled by buy-side pressure during Asian trading hours on Tuesday morning.

Market analysts at Greeks.live point to low liquidity, a scenario that has prices prone to spikes and V-shaped recovery. This is because with prices constrained in tight ranges, a little momentum in either direction can see significant dips or sharp bounces.

Axel Adler Jr., a data analyst at on-chain analytics platform CryptoQuant says about Bitcoin:

The price of Bitcoin has been lodged within a narrow corridor for the past three months, and this can be explained by several key factors: short-term holders, miners, and volatility. All these factors together form the current picture of the Bitcoin market, where the price appears to be stuck in a narrow range. However, as always with cryptocurrencies, changes can occur very quickly, so investors and traders should closely monitor on-chain metrics to stay informed about market changes.

On-chain and financial data platform Glassnode highlights that despite the current price outlook, a number of metrics suggest a slow but steady capital inflow into BTC. Even then, the prediction is for choppy market conditions that could resemble historical price movements during the bear periods in 2016 and 2019-2020.

What does this mean for AltSignals, a new project seeing huge interest in its token presale? The best place to begin is to understand what this project is and what it offers.

AltSignals is a trading platform that gives traders access to key trading signals so that they know when to buy or sell stocks , forex and crypto among other market assets. The company currently offers its trading algorithm to more than 50,000 traders and over 1,500 VIP subscribers.

The platform has been a success since its launch in 2017. However, the team is looking to add a new layer powered by artificial intelligence (AI), revamping the proprietary AltAlgo trading algorithm for what could become the new standard of AI trading.

ActualizeAI is that new layer, which will tap into machine learning and natural language processing to increase both accuracy and profitability of trades for holders of the native token $ASI. Token utility for $ASI includes opportunity to earn from staking, trading tournaments and rewards for governance support that helps the platform grow.

Talking of $ASI, the presale opened a few weeks ago and could be sold out within coming weeks as investors looking to tap into the AI layer pour into the project.

Learn more about $ASI and how to buy it here .

The scenario is that AltSignals sits at a key intersection of two hot trends in the market today crypto and AI.

With the latter projected to be at the start of what could be a technological leap and the former here to stay, predictions for AltSignals are that delivering on its ActualizeAI milestones could coincide with a period of huge gains for its AI-powered token.

Notably, price gains for ASI could tie in with projections such as that of Morgan Stanley, which recently predicted Microsoft ( NASDAQ: MSFT ) could see up to $90 billion in AI revenue by 2025. Meta, Google and Nvidia are all also betting big on AI.

While the ASI presale price will rise to $0.02274 by the end of the fourth stage, the period between Q3, 2023 and Q2, 2024 could see it trade higher and reach key levels. The highlighted dates are when ASI goes live on major crypto exchanges (historically tokens explode when listed on exchanges such as Binance and Coinbase) and ActualizeAI launches to the public.

If market conditions align and demand for ASI token remains high, its possible prices could hit $1 by end of 2023. From here, the targets of $5-$10 in late 2024 and early 2025 would materialize. This would mean a 5x, 10x move from the psychological $1 level, not uncommon in the crypto market particularly during a bull market.

The post AltSignals price prediction as Bitcoin, Ethereum see V-shaped action appeared first on Invezz .

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AltSignals price prediction as Bitcoin, Ethereum see V-shaped action - InvestorsObserver

Since Ethereum (ETH) launched in 2015, introducing smart contracts to transform the crypto space, several other projects have been called the next Ethereum. In this article, we will look at three promising cryptos, XRP (XRP), Toncoin (TON), and Tradecurve (TCRV), and their potential as the next possible Ethereum.

>>Register For The Tradecurve Presale<<

Although XRP has been at loggerheads with the SEC for more than two years it ranks among the most promising cryptos. The XRP blockchain is very popular for its scalable and efficient cross-border transactions.

As a result, the likes of Bank of America, Santander Bank, Standard Chartered, PNC, Siam Commercial Bank, and the Colombia Central Bank are all using the XRP blockchain.

Many crypto experts expect that the XRP case will be concluded in the third quarter. As a result, the price of XRP is expected to increase. Now trading at $0.474, many analysts believe XRP can rally to $1.5 when the case is concluded.

The Open Network, popularly known as Toncoin , has been one of the more successful crypto projects thanks to its ties with the Telegram messenger. While Toncoin has been streamlining, the project is looking to integrate even more privacy into the project. Recently, the Toncoin team announced the launch of an on-chain encrypted messaging solution.

The new feature will add an extra layer of privacy for Toncoin users and their transaction details. In June, Toncoin also reduced its circulating supply by burning 50% of its network fees, making the crypto very bullish. Toncoin now trades at $1.34, but market analysts believe the crypto can rally to $2 this year.

ITS TIME FOR THE GIVEAWAY!We will be giving away a total of 1,000 $TCRV tokens to all who participate in this tweet.To enter: 1 Like 2 Retweet 3 Tag 3 friends who need to hear about #TCRV! The winner will be drawn on FridaySpread $TCRV!#TCRV pic.twitter.com/f0yey5ksCf

Tradecurve is a more unique crypto project, creating the first platform that will connect the crypto community to the global derivatives market. On the hybrid exchange, users will be able to seamlessly buy and trade financial instruments from several markets including, forex, stocks, options, ETFs, and commodities. This gives Tradecurve the same vast level of utility as Ethereum.

It eliminates geographical restrictions and does not require extensive KYC (Know Your Customer) procedures.

This means you can trade from anywhere anonymously. Only an email is required for registration and a crypto wallet for purchasing TCRV tokens. The TCRV token has several benefits. Some of them are governance rights, discounts on trading fees and other VIP offers, and passive income through staking.

While XRP and Toncoin rank higher than most other cryptos in utility, they dont introduce a new concept to crypto.

On the other hand, Tradecurve will be the first decentralized trading platform to seamlessly bridge the OTC derivatives market to crypto. Crypto analysts predict a massive 100x for TCRV.

Website: https://tradecurve.io/

Buy presale: https://app.tradecurve.io/sign-up

Twitter: https://twitter.com/Tradecurveapp

Telegram: https://t.me/tradecurve_official

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The Next Ethereum: Three Coins With Huge Potential XRP, Toncoin ... - Analytics Insight