Cloud Hosting

In recent news, two significant digital assets, Uwerx and Ethereum (ETH), have seen a surge in value. This is due to the Bank of Chinas utilization of the Ethereum (ETH) blockchain to issue $28 million of digitally structured notes.

This significant move showcases the increasing adoption of blockchain technology by traditional financial institutions and the mainstream economy.

This article will delve into the implications of this new development on the future prices of Uwerx and Ethereum (ETH).

The recent involvement of the Bank of China in digital assets is the first of its kind. This proves that the Chinese financial institution is ready to fully embrace blockchain technology, having utilized the Ethereum (ETH) platform.

On the 12th of June, 2023, BOCI Hong Kong announced that the financial institution had minted $28 million worth of digitally structured notes through the Ethereum blockchain.

This development has encouraged the use of blockchain applications across China. This includes the adoption of a default national blockchain in China, the Blockchain Service Network (BSN).

However, what effect does this development have on Ethereum (ETH)? Ethereum (ETH) is currently at a market value of $1,631.78, with a market cap and 24-hour trading volume of $209.01B and $6.28B, respectively.

Even though the market has fallen short of -6.50% over the past 24 hours as of writing, its blockchain activities have been outstanding.

Ethereum (ETH) kept humming despite Amazon Web Services (AWS)s recent outage in the US. Since the Ethereum (ETH) network largely depends on the AWS server, one would have thought it would be affected by it.

Since Ethereum (ETH) maintains strong resilience towards unfavorable market conditions, experts predict it might hit $2,284.45 by Q1 2024. More importantly, we believe the Bank of Chinas recent use of digital assets will create a positive effect.

Uwerxs growth responds to several favorable market conditions, ranging from mainstream economy adoption to increased presale participation. Thus, the Bank of Chinas recent adoption has caused investors to take an interest in other altcoins with great potential, such as Uwerx.

Despite being a new crypto project, its impressive that Uwerx has reached 5,500 signups and over 1,600 Telegram members, and 1,600 Twitter followers.

As mentioned earlier, other factors have been influencing Uwerxs growth besides the latest Bank of China development. Foremost, the Uwerx team released an alpha platform with important PDF content such as Logging In, Forgot Password, and My Activity Page. The alpha platform has ended, and the Uwerx team announced the project will be transitioning into the beta platform soon.

The Uwerx project will offer freelancers a cheap % transaction charge of 1%, contrary to Upworks 10% and Fiverrs 20%. Apart from freelancers, Uwerx also provided an opportunity for investors where they could participate in the projects liquidity lock of 25 years. Meanwhile, the Uwerx teams tokens have been locked for nine months.

Week 1 8%

Week 2 10%

Week 3 14%

Week 4 18%

Week 5 22%

Week 6 28%

Uwerxs audit pass on SolidProof and InterFi Network has also increased its trust among the crypto community. Furthermore, Uwerx has been listed on CoinSniper and will be listed on Uniswap by the 1st of August, 2023. The contract will further be renounced when the project is launched on centralized exchanges and taxes are zero.

Uwerx also has a vault feature where investors can store their tokens for various lengths. Then they get rewards based on the platform variables, similar to the popular staking concept.

Uwerx is currently running its Stage 5 presale at $0.041. Join the presale and enjoy the opportunity of a 15% bonus now! Since Stage 1 and 4 presales were completed in record time, its no doubt the ongoing presale will be completed soon. Meanwhile, the Uwerx team had to modify token allocation due to the community demands and high presale speed.

Uwerx is also scheduled to run a test airdrop by the end of the presale on the 31st of July, 2023. There are many more exciting features Uwerx has to offer. You can join the growing community to know more or send a suggestion/feedback to feedback@uwerx.network.

Join the revolutionary Uwerx across social media platforms for more updates!

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/

See the rest here:

Bank of China Adopts Ethereum (ETH) Blockchain - Analytics Insight

The cryptocurrency industry recently experienced a period of turbulence due to the clash between Binance, Coinbase, and the US Securities Exchange Commission. This turmoil had a profound impact, leading to a decrease in the availability of Bitcoin (BTC) and Ethereum (ETH) on the Binance platform and reflecting a loss of investor confidence in centralized exchanges.

While Ethereums price rise may seem encouraging, experts caution against celebration at this stage. Instead, they suggest exploring alternative options such as Sparklo (SPRK), a revolutionary blockchain investment trading platform specializing in popular metals like gold, silver, and platinum. By diversifying investment strategies with Sparklo, investors can embrace a unique approach and potentially navigate the uncertain cryptocurrency landscape more effectively.

Sparklo (SPRK) has been gaining significant attention within the investment community as a project catering to the needs of long-term cryptocurrency investors. With its specialized fractionalized trading and investing platform, Sparklo offers a unique opportunity for investors to engage with precious metals such as silver, gold, and platinum, setting it apart in the world of cryptocurrencies.

One of the standout features of Sparklo is the emphasis on security and long-term stability. The team has implemented a groundbreaking strategy by locking liquidity for an unprecedented 100 years, demonstrating their commitment to safeguarding investor interests. Additionally, Sparklo has obtained a Know Your Customer (KYC) certification from Block Audit Report, instilling a sense of trustworthiness and reliability many investors seek.

The native ERC-20 cryptocurrency of Sparklo, SPRK, plays a vital role within the ecosystem as the platforms payment medium. Beyond facilitating transactions, SPRK provides the potential for governance rights, further engaging investors in decision-making. This governance rights integration ensures stakeholders have a voice and influence within the Sparklo platform.Currently, Sparklo has launched the third stage of its presale, offering SPRK tokens at an attractive price of $0.055 each. Early involvement in the presale presents a lucrative opportunity for investors seeking diversification and long-term growth within the cryptocurrency market.

The recent clash involving Binance, Coinbase, and the US Securities Exchange Commission has significantly impacted the cryptocurrency industry, leading to widespread turmoil. One notable consequence has been the decrease in the availability of Bitcoin (BTC) and Ethereum (ETH) on the Binance platform, indicating a loss of investor confidence in centralized exchanges (CEXes). While Ethereums price has increased, it is important to exercise caution and not hastily celebrate this development.

Despite Ethereum (ETH) recent price rise, there are several factors to consider. Glassnodes tweet revealed that investors actively withdrew their Ethereum (ETH) from Binance, reducing the balance of Ethereum (ETH) on the platform. This indicates a lack of trust in CEXes and a shift towards self-custody options or decentralized exchanges (DEXes). Although Ethereum (ETH) volume traded on DEXes experienced an upturn, revenue from Ethereum declined in the second quarter of the year, raising concerns about the networks overall health. It is crucial to carefully analyze these indicators and market trends before drawing conclusions about the long-term potential of Ethereum.

Click here to buy presale

Check out the website

Check out the telegram channel

Continued here:

Experts Advise Investing in Sparklo (SPRK) Instead of Celebrating ... - Analytics Insight

SWIFT, a globally recognised cooperative owned by its members and a leading provider of secure financial messaging services, has joined forces with Chainlink oracle networks. This strategic partnership has introduced a fresh perspective on how major financial institutions can seamlessly integrate with blockchain technology.

SWIFT, a globally recognised cooperative owned by its members and a leading provider of secure financial messaging services, has joined forces with Chainlink oracle networks. This strategic partnership has introduced a fresh perspective on how major financial institutions can seamlessly integrate with blockchain technology.

Furthermore, in an attempt to promote blockchain technology and the idea of digital finances, an Ethereum-based token named Caged Beasts (BEASTS) has entered the market. After observing the coins potential and its offerings to the investors community, many crypto enthusiasts are betting on this coin to have a successful fate. Lets take a closer look at these two revolutionary deals!

Furthermore, in an attempt to promote blockchain technology and the idea of digital finances, an Ethereum-based token named Caged Beasts (BEASTS) has entered the market. After observing the coins potential and its offerings to the investors community, many crypto enthusiasts are betting on this coin to have a successful fate. Lets take a closer look at these two revolutionary deals!

Subscribe to Continue Reading

Since 2017, Chainlink and SWIFT have been operating in harmony. However, it was in 2022 that they took their collaboration to the next level by announcing a comprehensive partnership. The primary objective of this alliance was to establish a cross-chain interoperability protocol (CCIP) through an initial Proof-of-Concept (PoC). In essence, this protocol enables the interbank network to effectively communicate and facilitate the transfer of tokens across various blockchain environments.

By extending support to SWIFT, Chainlink plays a pivotal role in driving blockchain adoption. This partnership opens up new avenues for blockchain technology to integrate seamlessly into the financial system, showcasing its potential to revolutionise the industry.

The Ethereum network provides numerous benefits that contribute to the remarkable success of projects built upon its platform, which is likely why investors are highly enthusiastic about Ethereum-based tokens. One of Ethereum's standout features is its smart contracts, which enable the implementation of self-executing agreements.

This not only enhances security but also reduces the reliance on intermediaries, streamlining processes and increasing efficiency. Moreover, Ethereum's decentralised nature ensures a transparent and censorship-resistant environment, aligning perfectly with the fundamental principles of the cryptocurrency market.

In a sea of meme coins, Caged Beasts stands out as a project that combines uniqueness and excellence, particularly during its current presale phase. What truly sets Caged Beasts apart is its unwavering dedication to transparency and security while embracing the entertaining culture associated with meme coins.

A notable feature of the project is its commitment to transparency and accountability. During the presale, Caged Beasts is locking 75% of the funds raised until the official launch. This demonstrates their strong emphasis on building trust within the community. Importantly, the locked funds will be fully visible, further enhancing transparency and reassuring investors.

Active community participation is highly valued by Caged Beasts. To encourage engagement, the project has also introduced a referral program as the presale kicks off. This program empowers each user to generate their own unique referral code. When a new investor utilises this code, they will receive a generous 20% of their deposit, while the referrer will be rewarded with an additional 20% in BEASTS tokens.

As we delve into the transformative changes unfolding in the cryptocurrency world, driven by the emergence of meme coins and their immense potential, projects such as Caged Beasts shine by choosing to build on the Ethereum blockchain. By harnessing the advantages offered by Ethereum's well-established ecosystem, this project delivers a distinctive and captivating experience for investors, all while prioritising the crucial aspects of security and transparency. By embracing the Ethereum blockchain, Caged Beasts positions itself to leave a lasting impression on the crypto market and ignite a new era for meme coins like never before!

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

Here is the original post:

Chainlink Partners With Swift, While Ethereum-Based Caged Beasts Is Here To Challenge Established Tokens | Mint - Mint

In a recent video from the YouTube series Altcoin Daily,upgrades to Ethereum (ETH), Cardano (ADA), and Polygon (MATIC) were discussed, providing valuable insights for investors and crypto enthusiasts alike.

The video begins by highlighting the growing confidence in Bitcoin and Ethereum, as evidenced by net outflows from exchanges. This trend indicates that more of these cryptocurrencies are being withdrawn from exchanges for long-term storage, reflecting a reduction in selling pressure and a growing confidence in their stability and long-term value.

The video then shifts focus to the significant protocol upgrades being implemented by Ethereum, Cardano, and Polygon.

Ethereums Validator Balance Upgrade

Ethereum, the second-largest cryptocurrency by market capitalization, is contemplating a significant protocol upgrade. The core developers are considering raising the maximum validator balance from the current 32 Ethereum to 2048 Ethereum per validator. This change would allow large-scale staking operations to earn yield on amounts greater than the current cap. Its a move aimed at improving the networks efficiency and could potentially increase the attractiveness of Ethereum as an investment.

Cardanos Epoch Transition Upgrade

Cardano, another major player in the crypto world, has recently implemented an upgrade aimed at making the blockchain smoother for network users. The upgrade changes how epoch calculations are made, speeding up network processes during the change in epochs. An epoch in the Cardano network is a time period that lasts roughly five days, during which new blocks are produced. This upgrade is expected to enhance the user experience and the overall performance of the Cardano network.

Polygons Zero-Knowledge Compatibility Proposal

Polygon, a popular scaling solution for Ethereum, has proposed a significant upgrade. The team behind Polygon wants to make its main chain compatible with zero-knowledge (ZK) technology. This upgrade would increase the chains security and make the blockchain framework more future-proof. Polygon currently uses a ZK roll-up, which went live back in March. If approved by the Polygon community, this major upgrade would bring increased security and make the blockchain more resilient to future challenges.

Featured Image Credit:Photo / illustrationbyHansviaPixabay

Read the rest here:

Altcoin Daily: Key Changes to Ethereum, Cardano, Polygon - CryptoGlobe

June 21, 2023 3:19 AM | 1 min read

The cryptocurrency market witnessed a massive liquidation of shorts on Tuesday, with over $127.98 million liquidated in a span of hours after Bitcoin (CRYPTO: BTC) breached the $28,000 mark, according to data from CoinGlass.

What Happened: Of the total liquidation, approximately $77 million of longs and shorts were associated with BTC, $25 million with Ethereum (CRYPTO: ETH), and the rest with other altcoins.

In crypto trading, a long position refers to buying an asset in the hope of selling it later at a higher price, while a short position refers to selling an asset in anticipation of repurchasing it later at a lower price.

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

BTC alone saw over $60 million in shorts being liquidated, with most of the liquidations occurring on OKX, Binance, and Huobi.

See More: A Stay At The Floating Palace From James Bond's Octopussy

Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!

Advertorial

Why It Matters: Following a surge last week after BlackRock filed with the Securities and Exchange Commission (SEC) to introduce a BTC Spot ETF, the world's largest crypto's price had been gradually climbing. However, on June 20, it staged a massive rally and spiked to nearly $28,800, as per CoinGecko data.

Currently, BTC is hovering around $28,700 while maintaining more than 50% dominance against alternative coins, marking a two-year high.

Read Next: Bitcoin Nears $29K, Ethereum, Dogecoin Surge After EDX Market Launch: Analyst Foresees $38K King Crypto Rally, But If You Think It Will Reach $12K Then

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

See more here:

Over $100M Liquidated In Bitcoin, Ethereum Shorts As King Crypto Eyes $29K Mark - Benzinga