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Shiba Memu presale gathers steam amid positive Doge Killer … – InvestorsObserver

Shiba Memu presale gathers steam amid positive Doge Killer (LEASH) market sentiment

2023-07-11 02:47:31 ET

The presale of the new Shiba Memu , a new artificial intelligence (AI) powered meme coin, is gathering momentum by the day amid a positive meme coins market sentiment led by Doge Killer (LEASH) which has surged by 36% in the last week.

The meme coin market has exploded with its market capitalization growing from $0 in early 2020 to over $20 billion in early 2022. The main reason behind the exponential meme coin market explosion is the growing number of meme coin projects that have gone ahead to attract a lot of hype.

Doge Killer (LEASH) is one of the many dog-themed meme coins. The token was launched to compete with Dogecoin (DOGE) which took the crypto market by storm in 2021.

The LEASH is part of the Shiba Inu (SHIB) ecosystem along with another cryptocurrency called Bone ShibaSwap (BONE). Doge Killer actualized Shiba Inus nickname Dogecoin Killer and it has maintained that slogan to date through its growing community and massive price surge that has seen the price jump above $417, way above any meme coins.

Although Doge Killers price is down 9.6% today, the meme coin has been on a very strong bullish trend in the past seven days that has seen it price go above $410.

A majority of technical indicators including the exponential moving averages (EMA) point to a bullish LEASH trend at least for the next few days.

However, LEASH needs to stay above the $388.85 level for it to have a chance at its first major resistance level of $454.57. If it surges above $454.57 and sustains a significant price rally, it could test the next major resistance level at $524.66 and even have a shot at $618.57.

However, if the Doge Killer price drops below $388.85, it could dip towards the second major support level at $295.19.

According to the market analysis , the 14-day relative strength index (RSI) of the LEASH is currently at 68.33, indicating Natural conditions in the market without being oversold or overbought. Similarly, the weekly charts relative strength index (RSI) is at 44.77, also indicating natural conditions in the market.

Shiba Memu (SHMU) is a meme coin that aims to capitalise on both the markets hype around artificial intelligence (AI) and the current meme coin craze.

Shiba Memu uses AI-based software to create its own PR, promote itself on relevant forums, and learn from successful marketing techniques. The Shiba Memu coin will develop over time, becoming progressively more intelligent and potent as it moves towards dominating the cryptocurrency market.

By combining the two technologies (blockchain and AI) Shiba Memu positions itself at a superior level compared to other Shiba-themed meme coins. In addition, its self-sufficiency, and complete transparency offer investors a special potential by utilising AI to improve its marketing capabilities.

Shiba Memu is currently in the development stage awaiting its mainnet launch in Q1 2024. The team behind the project has already launched the Shiba Memu token on Ethereum and Binance Smart Chain (BSC) blockchains.

The team is now conducting a presale for the native token, SHMU, which has been allocated 85% of the total SHMU token supply.

Besides, completing the Shiba Memu token presale, the team also aims at having the token listed on a decentralized exchange and launching a staking program to encourage community participation and engagement by the end of Q3 2023.

The SHMU value is set to double in price throughout the presale. It started at $0.011125 and it is expected to end at $0.0244. At press time, one SHMU was going for $0.012475, with a price change set to take place in the next 10 hours.

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What Is the Next Ethereum? Top 6 Competitors in 2023 – CoinCodex

There are several blockchain networks competing for a piece of Ethereums smart contract and DeFi market share. Projects like BNB Smart Chain, Cardano, Solana, Tron, Polkadot, and Avalanche are some of the most prominent Ethereum killers.

Ethereum (ETH) is a blockchain protocol that supports decentralized applications and smart contracts. It is the second-largest cryptocurrency by market capitalization and the most widely used platform for decentralized finance (DeFi) and non-fungible tokens (NFTs).

However, it also faces some challenges, such as high gas fees, network congestion, scalability issues, and environmental concerns. Therefore, many other blockchain platforms have emerged as potential competitors or alternatives to Ethereum, offering different features and advantages.

In this article, we are going to examine the most prominent Ethereum competitors and look into pros and cons of 6 crypto projects that are vying to become the next Ethereum.

Data collected on July 12, 2023.*Polkadots TVL is calculated as the total sum of TVL across Polkadot parachains (Moonbeam, Acala, etc.)

When talking about the next Ethereum, we are referring to cryptocurrency projects that are leveraging blockchain and smart contract technology for developing DeFi and NFT solutions, which is currently the arena Ethereum is dominating thanks to its first mover advantage. In the following sections, we are going to examine six projects with robust feature sets and active communities that could challenge Ethereums dominating market share in the future.

BNB Smart Chain (BSC) is a blockchain platform launched by the popular cryptocurrency exchange Binance. Powered by its native token BNB, BSC aims to provide an alternative to the Ethereum network by offering faster and cheaper transactions. It achieves this by using a different consensus mechanism called Proof of Staked Authority (PoSA). BSC's compatibility with the Ethereum Virtual Machine (EVM) allows developers to easily migrate their dApps from Ethereum to BSC, leveraging its high throughput and low fees.

Why is BNB Smart Chain considered the next Ethereum?

Thanks to a large number of users, familiar features that are heavily inspired by the Ethereum blockchain, and backing by the worlds largest crypto exchange, BNB Smart Chain is considered as the top Ethereum killer.

Cardano (ADA) is a blockchain platform that aims to provide a secure and sustainable infrastructure for the development of decentralized applications and smart contracts. Built using a peer-reviewed academic approach, Cardano boasts a high level of security and scalability. It utilizes a unique consensus algorithm called Ouroboros, which ensures that the network remains decentralized while maintaining fast transaction processing.

Why is Cardano considered the next Ethereum?

Cardano is not only one of the most popular crypto projects but also one of the most actively developed blockchains in the space, making it not only one of the top Ethereum killers, but also a potentially good investment overall.

Solana (SOL) is a high-performance blockchain platform designed for decentralized applications and crypto-currencies. It leverages a unique combination of proof-of-stake (PoS) and proof-of-history (PoH) mechanisms to achieve fast transaction speeds and low fees. Solana's scalability and throughput make it an attractive option for developers looking to build complex applications that require high-performance capabilities.

Why is Solana considered the next Ethereum?

Solana is one of the most energy-efficient and cheapest crypto networks for transferring value. In addition, Solana features a healthy ecosystem of dApps and an active community, despite SOLs rapid price decrease last year, due to its connection with the now defunct FTX exchange.

Tron (TRX) is a blockchain platform that aims to create a decentralized digital entertainment ecosystem. It focuses on providing a decentralized infrastructure for content creators and consumers in the entertainment industry. Tron offers high throughput and low transaction fees, making it suitable for applications such as gaming, social media, and digital content distribution.

Why is Tron considered the next Ethereum?

Over the years, Tron has emerged as a credible alternative to Ethereum due to the speed of transactions and overlapping features. Also, Tron has looked to expand its offering in recent years, integrating decentralized file-sharing capabilities with the acquisition of BitTorrent (BTT) and launching a decentralized stablecoin USDD.

Polkadot (DOT) is a multi-chain platform that enables the transfer of any type of data or asset across different blockchains. It aims to create a decentralized internet where different blockchains can communicate and share information securely. Polkadot's unique architecture allows for interoperability between different chains, facilitating seamless data transfer and enabling developers to leverage the strengths of multiple blockchains simultaneously.

Why is Polkadot considered the next Ethereum?

Polkadot was conceived by Gavin Wood, a computer scientist and co-founder of Ethereum. Wood launched Polkadot with the intention of enhancing scalability with parachains, which enable parallel processing of transactions, allowing Polkadot to handle a larger volume of transactions compared to Ethereum.

Avalanche (AVAX) is a highly scalable blockchain platform that prioritizes speed, security, and decentralization. It utilizes a novel consensus protocol called Avalanche, which enables high throughput and fast finality. Avalanche's unique approach to consensus makes it highly resilient to attacks and allows for quick transaction confirmations, making it an attractive choice for developers seeking a scalable and secure blockchain platform.

Why is Avalanche considered the next Ethereum?

Avalanches focus is on overcoming some of the scalability and speed limitations of Ethereum. While the blockchain itself is capable of processing about 150 times the number of transactions as Ethereum, Avalanche has struggled to build a dApp and NFT ecosystem that could challenge Ethereum, at least so far.

In addition to the blockchain networks described above, like BNB Smart Chain, Cardano, and Polkadot, there are numerous other platforms considered members of the group of Layer 1 networks called Ethereum killers.

Some examples of blockchain platforms that have an overlapping feature set as Ethereum include several smaller market cap projects, including Cosmos, Ethereum Classic, Near Protocol, Tezos, Algorand, and Fantom.

It is also worth mentioning that several Layer 2 solutions that aim to alleviate scalability issues on the Ethereum network, like Arbitrum, Polygon, and Optimism, are also considered by some as Ethereum competitors. However, that categorization would be somewhat nonsensical, as these solutions aim to enhance the operations of the Ethereum blockchain, not replace it.

Bitcoin and Ethereum are both cryptocurrencies that use blockchain technology, but they have different purposes and features. Bitcoin is designed as a digital currency and a store of value, while Ethereum is a platform for smart contracts and decentralized applications. Therefore, they are not direct competitors but rather complementary projects that aim to solve different problems using blockchain technology.

However, from the perspective of traders and investors, Bitcoin and Ethereum may be seen as competitors as they vie for market share and adoption. Bitcoin is the first and largest cryptocurrency by market capitalization, and it has a high level of security, decentralization, and network effects. Ethereum is the second-largest cryptocurrency by market cap, and it has a high level of innovation, functionality, and scalability. Both cryptocurrencies have their advantages and disadvantages, and their performance may vary depending on market conditions and user demand.

Ethereum was the first major blockchain platform to build the necessary infrastructure and building blocks to support the creation of decentralized applications, decentralized financial systems, and new tokens, thanks to the ERC-20 token standard. Since its launch in 2015, numerous other networks have tried to overcome Ethereums first mover advantage, but to no avail. BSC comes the closest, especially in terms of active users, however, the ecosystem of products and services is considerably smaller on BSC than on Ethereum. Other networks, like Cardano, Solana, and Polkadot, are even further removed, despite their ability to process considerably more transactions and at a lower price than Ethereum

For more information about whether it is a good idea to buy Ethereum, and what are the pros and cons of investing in Ethereum, you can check the video below.

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What is Sepolia and How to Get Sepolia ETH From Faucets – CoinGecko Buzz

Sepolia ETH tokens are needed for the Sepolia testnet to test upcoming dApps before they go live on the Ethereum mainnet. You can claim Sepolia testnet ETH from Alchemy, QuickNode, and Infura faucets.

You can obtain test Ethereum tokens for the Sepolia network from the official faucet and a handful of other independent faucets.

Sepolia ETH is only meant for testing applications deployed on the network and pending final deployment on the main network. They are not meant to be traded.

Sepolia is the recommended testnet by the Ethereum core team. Projects are moving over to Sepolia as other testnets are being deprecated.

Ethereums Kiln Testnet has been deprecated since the Ethereum Merge was completed. The Ropsten testnet network followed shortly as the list of Ethereum testnets continue deprecating as planned. The quite popular Goerli Testnet and the newer Sepolia Testnet are currently the most used Ethereum test networks, with the latter being recommended by the Ethereum core team.

This article will focus on the Sepolia testnet and how you can obtain Sepolia ETH.

Alchemy offers faucet service for Ethereums Goerli and Sepolia testnets. Alchemy remits up to 0.5 Sepolia ETH daily. In order to mitigate abuse, an Alchemy account is needed to access the faucet service.

Step 1: First, create an Alchemy account to request Sepolia ETH.

Step 2: Visit the Alchemy Sepolia faucet and log in with your Alchemy account.

Step 3: Enter your wallet in the provided box, complete the CAPTCHA verification, and click Send Me ETH.

Sepolia ETH will be sent to your wallet and will be accessible once the transaction is complete.

QuickNode is a multichain faucet service, and supported testnets on the platform include testnets for Ethereum, Polygon, Binance Smart Chain, Solana, Coinbases Base, and several other chains testnets.

QuickNode offers 0.05 Sepolia ETH daily, and you can double this by tweeting about your claim.

To obtain Sepolia ETH from QuickNode:

Step 1: Visit QuickNode

Step 2: Choose a preferred connection method. You can directly connect your wallet to the platform, or copy and paste your wallet address on the provided box.

Select Ethereum from the chain options and Sepolia from the network options and click Continue.

Step 3: Enter the link to your Tweet (if you wrote one) for a 2x bonus, or simply skip and receive 0.05 Sepolia ETH.

Note that you must hold at least 0.001 ETH on Ethereum Mainnet to use the QuickNode faucet for EVM testnets.

Infura claims to be the world's most powerful suite of high-availability blockchain APIs and developer tools. It offers faucet services for the Sepolia network and Consensys Linea network. To mitigate abuse of the platform, Sepolias faucet services are only available to registered users, and the receiving wallet must have at least 0.001ETH on the main network. Infura offers 0.5 Sepolia ETH daily to registered users.

Steo 1: To obtain Sepolia ETH from Infura, register for an Infura account. Follow the email confirmation prompts to complete your personal or company details.

Complete account creation and log into your account.

Step 2: Visit the faucet platform for the Sepolia network. Enter your wallet address in the provided box and click Receive ETH.

Done! 0.5 Sepolia ETH will be sent to your wallet.

Now that you have received some Sepolia testnet ETH, you might wonder how you can put your new test token to use. Here are somethings you can do with your Sepolia ETH

Test your application(s): Every developer needs a testing environment. Web2 applications can be easily tested on your local host, but Web3 applications and smart contracts are quite different. Testing smart contracts on the main network can be risky, with real funds involved. With Sepolia testnet and the Sepolia ETH, you can deploy your application in a free-to-use environment where you can discover mistakes (and fix them). Use your Sepolia ETH to performpreliminary tests on your applications functionalities before opening it up for further testing.

Assist individual testers: When you are done with in-house testing for your application, the next stage (in most cases) is to invite individual testers to use the application as well. Regardless of the technological exposure of your testers, there is a need to guide them through the application. This could be through live demonstrations or by simply helping them out with testnet tokens. Whichever it is, your Sepolia ETH can be easily sent to the testers wallets or used to demonstrate the functionalities of your applications.

Explore the Sepolia testnet: Sepolia is Ethereums newest testnet at the moment. Likely, a good percentage of EVM and blockchain enthusiasts are yet to use the network. Goerli is currently the go-to testnet for Ethereum developers and testers, although this is set to change in the near future as Goerli will be deprecated. You can use your Sepolia ETH to explore the network and the applications available.

Test and improve applications on the network: Developers are encouraged to deploy their test applications on Sepolia testnet. Individual users play the vital role of testing applications and pinpointing the strengths and weaknesses of these applications, and if you're interested, you can take on this role for the applications deployed on Sepolia by using your Sepolia ETH to perform activities available on dApps deployed on the network. If the testing program is incentivized, you could benefit handsomely from playing this role as well.

As an example, you can check out Taiko, an Ethereum equivalent zero knowledge EVM Layer 2. Visit the Taiko bridge, connect your wallet, and switch to the Sepolia network to bridge your Sepolia ETH to Taiko ETH

After which youll be able to swap between all available tokens and potentially score an airdrop!

Get familiar with EVM and blockchain networks: For newbies in the crypto space, DeFimight be daunting. Using the main network for the learning process might lead to a loss of assets, and even technologically exposed users might still find new dApps a little complicated.

Test networks come in handy for instances like this. You can use your Sepolia ETH to run transactions similar to the activities you wish to perform on the main network, and familiarize yourself with the processuntil you are confident to use the main network.

To access the Sepolia Network via MetaMask, you will need to add the network to your MetaMask account.

Log into your MetaMask, click on the network bar in the top left corner, and toggle theShow test networksswitch.

From the list of preset networks, select Sepolia and your account will be connected automatically.

Alternatively, you can select Add network, and add the network manually.

In the form that pops up, fill in the following accordingly;

Network Name - Sepolia Testnet

New RPC URL - https://rpc2.sepolia.org

Chain ID - 11155111

Currency Symbol - SepoliaETH

Block explorer URL - https://sepolia.etherscan.io/

Click Save, and Sepolia can now be accessed via your MetaMask wallet.

To switch between networks, simply click the drop-down menu at the top left corner of your wallet toggle it to Show test networks, and select Sepolia.

Another way to add Sepolia to your MetaMask wallet is via theChainlist application. Chainlist pools together a comprehensive list of EVM networks and allows blockchain enthusiasts to add them to their wallets through simple clicks.

You can follow this simple process to get started:

Visit the ChainList platform and connect your MetaMask wallet.

Search 'Sepolia' in the search bar at the top of the page (for ETH Sepolia, select the network with chain ID = 11155111).

Tap 'Add to MetaMask,' and the verified Sepolia network information will be automatically added to your extension.

You can now connect to Sepolia network dApps from the MetaMask extension. Visit the dApps website from your Chrome browser to connect to the Sepolia network. Mobile application users can use the Sepolia network via the dApp browserclick the menu at the top left corner and select Browser from the drop-down.

On a short note, the Sepolia testnet is a playground for developers on the Ethereum network. It gives developers and individual users an avenue to explore applications functionalities and fix discovered errors before deploying on the main network. Smart contract applications are designed to handle high-profile transactions. An average interaction with a smart contract means way more than plain action. Therefore, theres a need to make sure that these applications work as intended. But testing on the main network is cost-intensive, and errors might lead to the loss of valuable assets, which defeats the goal.

As a fix, testnets were created. Most blockchain networks, especially EVM networks and related new-generation blockchains, have testnets. Testnets are designed to mirror the setup on the main network but leverage valueless tokens to develop a zero consequences scenario. Zero consequences in the sense that errors lead to no significant financial or security implications, and Sepolia is such an environment for Ethereum developers and users.

Sepolia Testnet was initially launched in 2021 as a closed testing environment running the Proof of Work (POW) consensus mechanism. However, it has transitioned with the main network into a public testnet and running the Proof of Stake (POS) consensus mechanism following the Merge in September 2022. Since this time, Sepolia has emerged as the recommended testnet by the core Ethereum team. And as detailed in this announcement, it is likely to take up a majority of the testnet activities since other testnets are getting deprecated.

Sepolia testnet was named after a neighborhood in Athens, Greece, where one of the Ethereum developers grew up. It is designed to mimic a harsh network environment and allow developers to get a feel of how their applications will perform in an extreme environment. You can access the Sepolia network by adding the network details to your MetaMask or other supported wallets. The Ethereum core team will strive to equip developers with everything they need to build efficient and safe applications on the main network through the Sepolia testnet.

Sepolia will attempt to oust Goerli in terms of relevance. Anyways, since the Goerli testnet will be deprecated soon, this will be an easy one for Sepolia. However, before this happens, Sepolia and Goerli are the two most relevant Ethereum testnets at the time of writing. But both networks have a couple of differences in areas like;

Goerli testnet and Sepolia have both transitioned into POS networks alongside the main network thanks to the merge. Prior to this, Goerli ran the POA (Proof of Authority) consensus mechanism, while Sepolia used the POW consensus mechanism. Running the POS consensus mechanisms, the security and decentralization of both networks are vested on validators. Validators lock up assets on the network and verify the authenticity of new blocks before they are added to the network. But both networks differ in validator access.

On Goerli, anyone can freely create a validator node; this is different for Sepolia. At the time of writing, Sepolia runs a closed validator system. Validators on the network are selected by the team to secure the network. This might change in the future as the network expands. The permission validator system shares a striking resemblance to the POA consensus mechanism. POA validators are also required to verify their real identity as a way of ensuring that they dont approve malicious blocks and distort the network.

Goerli is a large state network, thanks to tons of test version applications deployed on the network and a long chain of transactions. In comparison, Sepolia is newer, has lesser application, and has a shorter chain of transactions. Sepolia is, therefore, a lighter network and is more efficient. This efficiency could deplete as the network grows. Goerli is also more resource intensive. It takes a long time to synchronize the network, and running the Goerli network will also require a larger storage capacity. Sepolia is time efficient, as it takes a shorter time to synchronize. It is resource-efficient as well, it requires a lesser storage capacity to run.

Sepolia is still in the shadow of Goerli at the time of writing. This is evidenced in the on-chain and off-chain proof of demand. The scarcity of Goerli testnet tokens and the resultant trading of Goerli ETH, while not encouraged, is thanks to the high activity on the network. Incentivization of these activities played a significant role. This brings the Goerli testing environment closer to the main network in terms of activity, while Sepolia attempts to artificially create this scenario by simulating a harsh network condition. But in terms of real activities, Sepolia is still an emerging network and still not as openly used as Goerli. On the bright side, this makes it a lighter and more efficient network.

As a developer working on a decentralized application, the need to perform several road tests on the contracts and the interactions cannot be overemphasized. When smart contracts malfunction, the most likely outcome is the loss of assets. Smart contracts, on the other hand, are tedious, and its quite easy to leave room for exploitations and seriousfailures. Testnets hand users and developers a platform to reduce and possibly prevent this. Sepolia network mirrors the Ethereum network and the freedom and zero-cost testing ground it offers are quite important.

Test running new applications is not only the duty of the developers but the users as well. The more diverse parties are involved, the better the application. This article takes you through the process of obtaining Sepolia ETH and getting involved in testing new applications. Note that these tokens only have testing values and are not meant to be traded. It is also recommended that you verify the authenticity of any independent faucet before connecting your wallet to them. Finally, note that this article is only educational and not financial advice.

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Joel Agbo

Joel is deeply interested in the technologies behind cryptocurrencies and blockchain networks. In his over 7 years of involvement in the space, he helps startups build a stronger internet presence through written content. He is the founder of CryptocurrencyScripts.Follow the author on Twitter @agboifesinachi

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Exploring The Best Altcoins For The Next Bull Run: Cardano … – Tekedia

For investors, maintaining and growing their portfolio is most important. And so, they are constantly on the lookout for promising altcoins that have the potential to generate substantial returns. This article will delve into three prominent contenders for the next bullish phase: Cardano, Avalanche, and BEASTS Coin (BEASTS). While all three projects operate within the same industry, they possess distinct features and value propositions that set them apart. By examining them, we can provide existing crypto investors with valuable insights and exciting prospects for the future of the digital currency landscape. Stay tuned as we explore these three intriguing cryptocurrencies unique characteristics and potential growth opportunities.

Avalanche addresses the challenges of scalability and security faced by existing blockchain networks, aiming to provide a decentralized platform. It achieves this by implementing a consensus protocol known as Avalanche consensus. Its the fundamental building block for decentralized applications and financial systems.

The consensus protocol employed by Avalanche, known as the Snow family of consensus algorithms, takes a distinctive approach. It enables rapid block confirmation by randomly sampling network participants to achieve consensus. Using a lightweight network structure, Avalanche processes transactions swiftly without compromising security.

Avalanche has gained significant recognition in cryptocurrency due to its innovative technology and the potential to revolutionize the scalability of blockchain networks. With increasing developer and project adoption, investing in Avalanche presents an opportunity to become part of a growing ecosystem that aims to reshape the future of decentralized finance and applications.

BEASTS Coin defies the conventions of a typical cryptocurrency, embodying the concept of caged liquidity that accumulates strength and resilience over time. Its narrative revolves around the transformation of Rabbit 4001, a former tormented soul who emerges as a brilliant scientist. This symbolic journey represents the pursuit of financial liberation and empowerment. As your investment progresses, the Caged Beasts evolve into potent entities poised to break free and bestow you the freedom you deserve.

BEASTS Coin operates similarly to other meme coins, leveraging blockchain technology to facilitate transactions and ensure transparency. It is built on the Binance Smart Chain, allowing fast and cost-effective transactions. BEASTS Coins ecosystem includes features such as staking, NFTs, and community-driven initiatives, contributing to its vibrant and engaging community.

Despite its recent establishment, this emerging cryptocurrency has quickly caught the attention of astute investors searching for the next significant opportunity. This formidable digital currency offers a plethora of investment prospects, boasting a supply of 10 trillion tokens and featuring a tax-free buying and selling system. During the presale phase, 60% of tokens are available for acquisition, while 30% of the presale funds are locked until the release date to promote stability. Moreover, an extra 25% of tokens fuels the marketing wallet, enhancing its visibility and enticing a growing number of enthusiasts to participate in this vibrant and dynamic community.

Cardano strives to establish a secure and scalable foundation for smart contracts and decentralized applications (dApps) through its decentralized blockchain platform. It differentiates itself from other cryptocurrencies by emphasizing scientific research and peer-reviewed methods. Cardano aims to foster transparency and sustainability in digital transactions by integrating advanced technology with rigorous academic principles.

Cardano employs a unique consensus algorithm, Ouroboros, ensuring the networks security and reliability. This algorithm organizes time into epochs and slots, facilitating efficient block generation and verification processes. Cardanos multi-layered architecture also separates the settlement layer from the computational layer, introducing enhanced flexibility and scalability to the platform.

Cardano has gained substantial recognition and support from the cryptocurrency community thanks to its ambitious roadmap and talented development team. The project has yet to achieve several vital milestones, including implementing intelligent contracts and finalizing its governance model. Consequently, investing in Cardano can be viewed as a strategic decision before these critical features are fully realized, offering the potential for significant growth and advancement in the future.

Cardano, Avalanche, and BEASTS Coin offer investors distinct value propositions and opportunities. Cardano stands out with its commitment to scientific research and robust blockchain infrastructure. Avalanche excels in its consensus protocol and scalability solutions. BEASTS Coin caters to a niche, providing an entertaining investment experience.

BEASTS Coin (BEASTS):

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

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Does Islam smile on cryptocurrency? – The Economist

You know why they call it Bitcoin? asks Ismail ibn Musa Menk, a Muslim scholar in Zimbabwe whose online videos have a big international viewership. It bit us all, he laments. I got bitten too, you know. Social-media users began to speculate if he had dabbled in the cryptocurrency.

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If he did, some of his peers would tut-tut. Shawki Allam, Egypts grand mufti, is a naysayer. In 2018 he endorsed an Egyptian government ban on Bitcoin trading, issuing a fatwa that cryptocurrency is haram (forbidden).

But others are less sure. As well as scouring the relevant passages in Islamic law, scholars say they need to understand the ins and outs of crypto before deciding whether it should be embraced or damned. So far views are mixed.

Some have endorsed mainstream cryptocurrencies, arguing that they are permissible partly because they do not generate riba, or interest, which is haram. But anti-crypto muftis reckon that Muslims should avoid anything that involves too much gharar, or speculation.

This lack of consensus has not deterred people in Muslim countries from trading in crypto. Last year the Middle East and north Africa (with Morocco to the fore) had the fastest-growing cryptocurrency market in the world, according to Chainalysis, a data firm in New York. Despite the hostile ruling by their grand mufti, Egyptians, spurred by inflationary pressures and the devaluation of their countrys currency, led the surge.

Some Middle East governments want to regulate trading and control crypto-exchanges. Bahrain was an early pioneer in the region: in 2019 its central bank was the first to issue a regulatory licence to a cryptocurrency exchange, Rain, and declared it sharia-compliant.

The United Arab Emirates has become a regional crypto-hub. Islamic Coin, a new local cryptocurrency backed by several ruling-family members, is set to be publicly traded. Its founders say it is the worlds first 100% halal cryptocurrency, with 10% of any issued amount going to a Muslim charity. They even boast of a fatwa that validates their claim. But since plenty of conventional currencies are endorsed by religious leaders, pious tech-savvy Muslims may wonder whether a new coin backed by a fatwa is really any better in Allahs eyes.

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Teen, 5 others arrested for scheme involving cryptocurrency, the dark web, and guns – WFTV Orlando

ORLANDO, Fla. Six people have been arrested, all facing charges linked to what Floridas Attorney General called a complex criminal enterprise.

Attorney General Ashley Moody said a 17-year-old Orlando teen was the mastermind behind an elaborate scheme involving cryptocurrency, the dark web, and guns.

Moody and the Florida Department of Law Enforcement said Justin Vassell used cryptocurrency to get money off the dark web and launder it around Orlando.

>>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<<

Investigators said Vassell used cryptocurrency to buy bundles of stolen ids off the dark web, then opened credit cards under those names, and bought $350,000 worth of merchandise, including guns and dozens of packs of ammunition.

Investigators said those items were then sold to pawn shops around Orlando.

Earlier this week, Vassell and his mom, Jacqueline Vassell, were arrested in Osceola County.

Read: Man, woman die in apparent murder-suicide in east Orange County subdivision

Lawrence Dority was arrested in Orange County and was out on bond on a second-degree murder charge from last May.

Dority is accused of killing former Magic player Adreian Payne.

FDLE had to track three other suspects from across the country.

Read: Record-breaking 111-egg invasive Burmese python nest removed from Florida Everglades

Justins sister, Shannon Vassell, and Marc Williams were arrested in Suwannee County, Georgia.

Deonte Benejan was arrested in Lorain County, Ohio.

FDLE said the group took advantage of more than 70 people and ten online businesses.

Read: Felony cases in limbo as permitless carry becomes state law

While all six face charges for racketeering, money laundering and extortion, Vassell also faces charges for grand theft.

If convicted the 17-year-old could face up to 135 years in prison.

Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.

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How Hedera Coin is standing out in the landscape of cryptocurrency – Daily Mail

Ever since its debut, Hedera Coin has continued to make impressive strides in the rapidly evolving realm of cryptocurrencies.

Emerging as a formidable player in the distributed ledger technology space, Hedera Hashgraph consistently outpaces competitors with its revolutionary advancements in speed, security, and scalability.

We delve into the compelling potential of Hedera Coin by analyzing historical data and market trends.

A Review of Historical Data

To chart the trajectory of Hedera Coin's future, a thorough examination of its historical performance is vital.

Since its inception, Hedera Coin has displayed remarkable resilience in the face of market turbulence, often outperforming other digital currencies during periods of market volatility.

This resilience stems from the unique underlying technology: the Hashgraph consensus algorithm, which diverges from traditional blockchain systems, providing faster, more secure, and fair transactions.

Data spanning the last four years shows steady growth in the coin's value, underpinned by a progressively expanding user base and increasing market adoption.

The persistent growth is a testament to Hedera's robust and innovative technological infrastructure, which promises a solid foundation for further development.

A Review of Historical Data

In the face of an increasingly digital world, the blockchain market has gained tremendous traction, creating an ideal backdrop for the expansion of Hedera.

In its essence, Hedera's model seeks to capitalize on this trend by offering an unparalleled solution to issues like scalability and energy consumption that plague existing blockchain technologies.

As businesses across sectors are progressively leaning toward blockchain integration, Hedera's potential to offer cost-effective, efficient, and green solutions positions it favorably within this trend.

Moreover, the current demand for decentralized applications (dApps) is an additional market trend that aligns seamlessly with Hedera's offerings.

Hedera Coin's Future: A Projection

Drawing upon the aforementioned analysis, the future of Hedera Coin seems promising. With its cutting-edge technology, robust growth, and favorable market conditions, Hedera Coin is poised for an upward trajectory.

Historical trends indicate that Hedera Coin could witness substantial appreciation over the next few years, potentially surpassing many of its rivals.

This potential appreciation is significantly underpinned by Hedera's revolutionary technology, growing user base, and increasing market adoption.

Furthermore, Hedera's alignment with the increasing demand for blockchain solutions and decentralized applications is expected to fuel its growth.

Its capability to provide energy-efficient and scalable solutions that meet current business needs could significantly bolster its standing in the market.

As Hedera Coin collaborates with the blockchain market's demand, investors can leverage crypto trading bots. These automated tools execute trades swiftly, leveraging real-time data analysis.

If the coin maintains its current growth trajectory and the blockchain market continues to thrive, Hedera Coin is likely to experience a surge in its value.

While forecasting the future of any cryptocurrency, including Hedera Coin, is complex due to the volatile nature of digital currencies, this analysis provides a comprehensive view of Hedera's potential.

Grounded in historical data and mindful of current market trends, the prospects for Hedera Coin appear notably promising.

In an ever-evolving digital landscape, Hedera Coin stands out with its innovative technology and compelling market proposition.

Although a definitive forecast is challenging, the indicators suggest that Hedera Coin's potential remains largely untapped, beckoning for further exploration and investment.

The landscape ahead looks favorable for Hedera as it continues to revolutionize the world of digital currencies with its unique approach

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Importance of Investing in Cryptocurrency – The Cryptonomist

Today, cryptocurrency is a revolutionary financial asset class, garnering huge global attention from investors.Digital currencies like Bitcoin, Ethereum, and others have shown immense potential for growth and adoption, making them an attractive investment option.Read and learn why you should consider investing in cryptocurrency.

Read on!

There are many reasons why you ought to buy into cryptocurrency. Below are a few of them.

Cryptocurrencies have demonstrated exceptional growth potential over the past decade.The first and most prominent cryptocurrency, Bitcoin, has witnessed meteoric price surges, attracting early investors who reaped substantial profits.

While past performance does not guarantee future results, the increasing interest from institutional investors and growing mainstream adoption say a lot.It implies that the cryptocurrency market may continue to expand, potentially leading to significant returns on investments.

Including cryptocurrencies in your investment portfolio can offer diversification benefits.Cryptocurrencies have had a low correlation with traditional assets such as bonds and stocks.

Therefore, investing in digital currencies can help reduce overall portfolio risk, providing a hedge against market fluctuations.It is still crucial to maintain a balanced approach. Dont overexpose yourself to the volatile nature of this market.

Cryptocurrencies break down geographical barriers, allowing for borderless transactions. This feature is very useful for global businesses and individuals that are into international trade.

Moreover, cryptocurrencies can empower the unbanked and underbanked populations by providing them with access to financial services through their smartphones. This financial inclusion can contribute to economic growth in underserved regions.

Investing in cryptocurrencies means being a part of the technological revolution. Blockchain technology, which underpins cryptocurrencies, has transformative potential across various industries.

From supply chain management to healthcare, smart contracts to decentralized finance (DeFi), blockchain is paving the way for numerous innovative applications. By investing in cryptocurrencies, you indirectly support and participate in these advancements.

Several cryptocurrencies have a fixed supply cap. Thats why they are deflationary by design.The supply is limited and contrasts with fiat currencies. They are always subject to inflationary pressures because of government policies.

As a result, cryptocurrencies can act as an inflation hedge, preserving the value of your investment over time.This characteristic is particularly appealing in economic uncertainty and volatile global markets.

Putting your resources into cryptocurrencies is not more accessible to retail investors.With the rise of cryptocurrency exchanges and investment platforms, purchasing and managing digital assets has become relatively straightforward.

Additionally, fractional investing allows individuals to buy a portion of a cryptocurrency, reducing the barrier to entry for those who cannot afford to buy a whole coin.

Digital coins are somewhat volatile and could rise and fall at any time. Based on that, it may seem like a high risk investing in digital currencies but the returns has always been amazing. If you are new, you can reach out to an expert indigital asset custodymanagement to help you plan. Digital coins is the future and it is already giving traditional banking a stiff run.

While investing in cryptocurrencies presents attractive opportunities, it is essential to acknowledge the inherent risks and volatility associated with this asset class.

Always do thorough research before you invest your money. Determine your appetite towards risk and only invest money you can afford to lose.Cryptocurrencies can offer diversification benefits, technological innovation, and the potential for significant returns. However, prudent and informed decision-making is crucial in navigating this changing market.

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Father And Son Charged In Manhattan Federal Court With … – Department of Justice

Damian Williams, the United States Attorney for the Southern District of New York, and Ivan J. Arvelo, the Special Agent in Charge of the New York Field Office of Homeland Security Investigations (HSI), announced today the arrest of EUGENE WILLIAM AUSTIN, JR., a/k/a Hugh Austin, for charges in connection with a scheme to steal money from investors and other victims by offering a variety of fraudulent cryptocurrency-related investment services, including sales of multimillion-dollar batches of cryptocurrency, marketing and advertising services, and short-term investments and loans. EUGENE AUSTIN was arrested on July 5, 2023, and was presented that same day before U.S. Magistrate Judge Jennifer E. Willis. Mr. Williams also announced the guilty plea of EUGENE AUSTINs son, BRANDON P. AUSTIN, who pled guilty on April 13, 2023, before U.S. District Judge P. Kevin Castel to participating in a money laundering conspiracy with his father, EUGENE AUSTIN, relating to his involvement in conducting financial transactions with the intent to conceal proceeds of fraud.

U.S. Attorney Damian Williams said: This is the third case we are announcing this week to shed light on fraud in the cryptocurrency and digital asset ecosystem. As alleged, the father-son duo of Hugh and Brandon Austin engaged in a cryptocurrency fraud and money laundering scheme that victimized both sophisticated and novice cryptocurrency investors alike out of millions of dollars. They used the money from victims to fund a lavish lifestyle of travel, luxury hotels, and fancy restaurants. Thanks to the tenacity of HSI and the career prosecutors of this Office, Hugh Austin is now facing serious criminal charges for his alleged crimes, and Brandon Austin has already pled guilty.

HSI Special Agent in Charge Ivan J. Arvelo said: The charging of Hugh and Brandon Austin reflects our ongoing commitment to thwarting individuals involved in all types of financial crimes, especially those that affect the digital environment and subsequently impact the security of our economy. As alleged, these sophisticated scammers exploited the novelty of digital currency to defraud unsuspecting investors out of millions of dollars, while utilizing it as a cover to engage in illicit activity. HSI commends the prosecutorial team at the Southern District of New Yorks Complex Frauds and Cybercrime Unit for their unwavering support.

According to the allegations in the Complaint, which was unsealed today in Manhattan federal court, as well as publicly filed court documents and statements made at public court proceedings:[1]

EUGENE WILLIAM AUSTIN, JR. participated in a scheme with his son BRANDON P. AUSTIN and others to steal money from investors and other victims by fraudulently offering to, among other things: (i) serve as a broker for sales of large quantities of cryptocurrency at below-market exchange rates; (ii) provide short-term investments in cryptocurrency for purportedly high returns; and (iii) provide marketing and advertising services to small businesses, while knowing that, in fact, EUGENE AUSTIN and BRANDON AUSTIN would not provide the promised cryptocurrency, returns, or services. EUGENE AUSTIN also frequently sought personal loans from friends and acquaintances in connection with his purported cryptocurrency and investment businesses, falsely promising to pay lenders back with interest. In each instance, investors and lenders lost their money, and EUGENE AUSTIN and BRANDON AUSTIN frequently spent investors funds on personal expenses, including airline travel, luxury hotels, restaurants, and shopping, as well as nominal payments to victims to prolong the scheme. In total, EUGENE AUSTIN and BRANDON AUSTIN have caused more than $10 million in losses to over 20 victims. Below are several examples of victims defrauded by AUSTIN and BRANDON:

In connection with BRANDON AUSTINs guilty plea, he forfeited his rights and interest in a 2022 E-Pace P250 Jaguar, depicted below:

* * *

EUGENE WILLIAM AUSTIN, JR., 60, of Port Jefferson, New York, is charged with one count of conspiracy to commit wire fraud, which carries a maximum sentence of 20 years in prison; one count of conspiracy to commit money laundering, which carries a maximum sentence of 10 years in prison; and one count of conspiracy to commit interstate transportation of stolen property, which carries a maximum sentence of five years in prison.

BRANDON P. AUSTIN, 27, of Coram, New York, pled guilty to one count of conspiracy to commit money laundering, which carries a maximum penalty of 20 years in prison. In connection with the guilty plea, BRANDON AUSTIN also agreed to forfeit $3,406,450 and to make restitution to victims in the amount of $1,985,251. BRANDON AUSTIN is scheduled to be sentenced on September 6, 2023, at 12:00 p.m., by Judge Castel.

The maximum potential sentences are prescribed by Congress and are provided here for informational purposes only, as any sentencing of each defendant will be determined by the judge.

Mr. Williams praised the investigative work of HSI.

This case is being handled by the Offices Complex Frauds and Cybercrime Unit. Assistant U.S. Attorneys Andrew K. Chan, Sarah Lai, and Olga I. Zverovich are in charge of the prosecution.

The charges contained in the Complaint are merely accusations and the defendant, EUGENE WILLIAM AUSTIN, JR., a/k/a Hugh Austin, is presumed innocent unless and until proven guilty.

[1] As the introductory phrase signifies, the entirety of the text of the Complaint and the description of the Complaint set forth herein constitute only allegations, and every fact described herein should be treated as an allegation.

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Blockchain and Cryptocurrency. Empowering a Decentralized … – Medium

Photo by Traxer on Unsplash

Blockchain technology and cryptocurrencies have disrupted the traditional financial landscape, offering decentralized and secure solutions that challenge the status quo. With its potential to revolutionize various industries, blockchain has garnered significant attention and inspired a wave of innovation. In this article, we will explore the captivating world of blockchain and cryptocurrencies, delving into their applications, benefits, and real-life examples that showcase their transformative power.

1. Understanding Blockchain Technology:

Blockchain is a decentralized ledger system that enables secure and transparent transactions without the need for intermediaries. It consists of a chain of interconnected blocks, each containing a record of transactions that cannot be altered or tampered with. The decentralized nature of blockchain ensures transparency, security, and immutability.

2. Advancing Financial Inclusion:

Blockchain technology and cryptocurrencies have the potential to promote financial inclusion, empowering individuals without access to traditional banking systems. For example, in developing countries where large populations are unbanked, cryptocurrencies can provide a means of financial transactions and access to global markets. Cryptocurrencies like Bitcoin and Ethereum enable individuals to send and receive funds securely and cost-effectively, regardless of their location.

3. Secure and Transparent Transactions:

One of the most significant benefits of blockchain technology is the security and transparency it offers. By eliminating the need for intermediaries, blockchain ensures that transactions are verifiable, tamper-proof, and resistant to fraud. Real-life examples like supply chain management systems, powered by blockchain, enable consumers to track the origin and authenticity of products, ensuring transparency and trust in the supply chain.

4. Transforming Industries:

Blockchain has the potential to transform various industries beyond finance. For instance, in healthcare, blockchain can securely store and share patient records, ensuring interoperability and maintaining data privacy. In the energy sector, blockchain can enable peer-to-peer energy trading, allowing individuals to buy and sell excess renewable energy. The possibilities extend to voting systems, intellectual property rights management, and even the music industry, where artists can receive fair and transparent royalty payments.

5. Cryptocurrencies as a Store of Value:

Cryptocurrencies have emerged as a new form of digital assets that offer an alternative store of value. Bitcoin, the pioneering cryptocurrency, has gained significant attention as a decentralized digital currency that is not controlled by any central authority. It has shown resilience and has been recognized as a hedge against traditional financial systems. Real-life examples include companies like Tesla and Square, which have invested in Bitcoin, signaling the growing acceptance and adoption of cryptocurrencies as a legitimate asset class.

6. Blockchain for Social Impact:

Blockchain technology can be leveraged to drive positive social change and address pressing global challenges. For example, blockchain-based platforms can enable transparent charitable donations, ensuring that funds reach intended beneficiaries and are used for their intended purposes. Blockchain also has the potential to transform identity management systems, providing individuals in underserved regions with secure and verifiable identities, enabling access to essential services.

7. Regulatory Challenges and Security Considerations:

As blockchain and cryptocurrencies gain popularity, regulatory challenges and security considerations arise. Governments worldwide are grappling with how to regulate this rapidly evolving technology. Balancing innovation with consumer protection and financial stability remains a challenge. Additionally, while blockchain offers robust security, vulnerabilities in cryptocurrency exchanges and wallets highlight the need for individuals to exercise caution and adopt best practices to safeguard their digital assets.

Conclusion:

Blockchain technology and cryptocurrencies have the potential to reshape industries, drive financial inclusion, and revolutionize the way we transact. With the inherent characteristics of security, transparency, and decentralization, blockchain technology unlocks a world of possibilities. Real-life examples, such as supply chain management systems and cryptocurrency adoption by influential companies, highlight the transformative power of this technology. However, challenges, including regulatory frameworks and security considerations, must be addressed to fully harness the potential of blockchain and cryptocurrencies. As we navigate this exciting frontier, let us embrace the possibilities offered by blockchain technology, empowering individuals, fostering transparency, and driving positive change on a global scale.

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