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The Arbitrum Foundation Announces Launch of Arbitrum Orbit: Layer 3 Chains for All – Yahoo Finance

To encourage ecosystem growth, developers will have access to a permissionless solution that will allow them to build their own Layer 3 blockchains in the Arbitrum ecosystem

NEW YORK, March 16, 2023 /PRNewswire/ --The Arbitrum Foundation, announced today the launch of Arbitrum Orbit, a permissionless solution for any developer to build a Layer 3 (L3) blockchain using Arbitrum technology. Arbitrum Orbit will give developers access to the full suite of Arbitrum's market-leading technology and allow them to customize it to their needs.

Arbitrum Foundation (PRNewsfoto/Arbitrum Foundation)

Arbitrum is the leading Ethereum scaling technology and the only EVM scaling solution that has fully working proofs, a critical piece of technology that allows the Arbitrum chains to derive their security from Ethereum. With the announcement of Arbitrum Orbit, developers can now easily launch their own permissionless Layer 3 blockchain leveraging Arbitrum's best-in-class technology and Ethereum's security.

Arbitrum Orbit is designed to strengthen and grow the Arbitrum ecosystem by providing a clear and simple path for not only developing new Arbitrum applications but also launching new Arbitrum chains. Developers building L3s on top of an existing Arbitrum chain are granted a free and perpetual license that also allows them to customize and modify the Arbitrum source code as they see fit. The Arbitrum DAO will have the ability to grant even more permissive licenses ensuring that the community is in full control over the future of Arbitrum and its technology.

Besides attracting new developers into the Arbitrum ecosystem, this initiative also pushes for innovation within the community, encouraging a wider variety of chains to be built with technology that's proven to have the security level of Ethereum. Arbitrum Orbit L3 chains will support the upcoming release of Arbitrum Stylus, which will allow developers to use the C, C++, and Rust programming languages for their chains, in addition to Solidity and other EVM languages.

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Steven Goldfeder, CEO and co-founder of Offchain Labs, commented on today's news: "The launch of Arbitrum Orbit marks another step in the goal of growth through ecosystem expansion by way of onboarding new developers. Arbitrum is already the technology stack of choice for Ethereum smart contract developers, but with today's announcement, developers now have another tool allowing them to not only build their own smart contracts, but to also launch their own L3 chains leveraging the best technology available. I'm excited to see the next wave of innovation that Arbitrum Orbit will enable."

Arbitrum is the leading Layer 2 (L2) scaling solution for Ethereum, and the Arbitrum One and Arbiturm Nova blockchains boast the highest Total Value Locked (TVL) across all L2 networks with approximately $3.61B, 55% market share across all rollups, and the Arbitrum One network recently surpassed Ethereum daily transactions on two occasions.

About The Arbitrum FoundationThe Arbitrum Foundation has a mission to help support and grow the Arbitrum network and its community while remaining at the forefront of blockchain adoption. The Foundation oversees the $ARB token and governance structure as well as the Arbitrum Security Council, a 12-member multisig of well regarded community members designed to ensure the security of the chains.

Media contact: Dillon Arace, arbitrumpr@mgroupsc.com

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Global X rolls out three new crypto ETPs – ETF Strategy

Sector & Thematic Strategy Briefing - Wednesday 29th March 2023 - The Berkeley, London Please join us for our annual sector and thematic investing event, featuring DWS Xtrackers, First Trust, MSCI, Redburn and Sprott Asset Management. Please register now if you would like to attend.

Global X has launched three new crypto ETPs in Europe providing directly backed exposure to LINK, UNI, and AAVE, the native tokens underpinning the Chainlink, Uniswap, and Aave networks.

The listings represent the first crypto ETPs to be launched in Europe in 2023.

The Global X Chainlink ETP (LI0X GY), Global X Uniswap ETP (UNIX GY), and Global X Aave ETP (AVMX GY) have been listed on Deutsche Brse Xetra in euros.

The ETPs are passported for sale in Austria, Denmark, Finland, Germany, Netherlands, Norway, and Sweden.

Each ETP provides 100% physically backed exposure to its underlying digital asset while maintaining the added oversight, security, and liquidity inherent in the ETP structure. The underlying crypto holdings are custodied by Coinbase Custody International.

Each ETP comes with an expense ratio of 0.99%, notably cheaper than rival products such as the VanEck Chainlink ETN and CoinShares Physical Chainlink, both of which are priced at 1.50%; the Valour Uniswap ETP, which has an expense ratio of 1.90%; and the 21Shares Aave ETP, which costs 2.50%.

The new listings represent the first digital asset ETPs to be introduced in Europe in 2023 after new product launches ground to a halt last year amid plummeting values in the crypto sector, a period that has become known as crypto winter.

Chainlink

Chainlink is a decentralized oracle network a blockchain abstraction layer that enables blockchains to interact with external data and systems through entities known as oracles.

Oracle networks have been instrumental in the evolution and proliferation of hybrid smart contracts which are smart contracts that combine blockchain-based code with off-chain oracles.

By also utilizing blockchain-based technology, oracles ensure the correct data is retrieved from a high-quality data provider, is verified, and then delivered onto the blockchain without manipulation from hackers.

LINK, which is used to pay oracles for their services, has a total market capitalization of $3.6bn, making it the 21st-largest crypto asset.

Uniswap

Uniswap is one of the largest decentralized cryptocurrency exchanges globally. Operating on the Ethereum blockchain, Uniswap uses smart contracts to facilitate automated transactions between any pair of Ethereum-compatible tokens.

Uniswap users may create liquidity pools of tokens they are willing to trade. Other users who then wish to trade with a liquidity pool enter into a smart contract that uses automated market-making technology to algorithmically determine the best execution price.

UNI is a governance token, allowing holders to vote on project developments, while the token may also be used to fund liquidity mining pools, grants, partnerships, and other growth-driven initiatives.

Although UNI serves as a governance token on the Uniswap platform, investors can also trade the token on exchanges and treat it as a speculative investment.

With a total market capitalization of $4.8bn, UNI is the 18th-largest crypto asset.

AAVE

Aave is a platform for borrowing and lending crypto assets. The platform uses smart contracts to automate the lending process with pre-set rules on how funds are distributed, collateral is handled, and fees are assessed.

Aave specializes in overcollateralized loans, a feature that protects lenders from losing money due to loan defaults and allows the Aave protocol to liquidate the collateral if it drops too much in value.

AAVE is used as collateral for taking loans and for paying loan fees. With a total market capitalization of $1.1bn, it is currently the 48th-largest crypto asset.

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Polygon Wallet Suite allows users to safely bridge, swap, and … – Crypto News Flash

The Polygon (MATIC) network is preparing for the zkEVM mainnet beta launch on March 27. Among the hotly anticipated features include the Polygon Wallet Suite, an all-in-one front-end solution that allowed 100,000 Polygon users last month to safely bridge, swap, and manage their assets. The Polygon network has worked on Ethereum scaling solutions and facilitated over 1.2 million smart contracts from more than 224 million unique addresses and 292k contract creators.

Decentralised financial ecosystems (DeFi) have tapped into the Polygon scaling solution due to its low transaction cost. Moreover, the average cost per transaction on the Polygon network is about $0.018.

With the Polygon Wallet Suite, customers can expect a similar user experience (UX) on the Polygon PoS. However, the functionality will be different due to the environments within which they operate.

Functionality will not be exactly 1:1 because ZK environments operate a little differently. But as Polygon zkEVM matures, so will the Polygon Wallet Suite, Polygon noted in a blog post.

During the first day of Polygon Wallet Suite, users can expect to manage their assets and securely bridge between Ethereum and transact within the rollup with fast finality.

The Polygon networks zero knowledge EVM will have more exciting features besides the Polygon Wallet Suite. Among other key features include the Matic.js SDK and Gas Station will also be supported shortly after the launch of Polygon zkEVM Mainnet Beta. The Polygon developers can rest assured all their favorite assets are supported, including the ERC-20 and ERC-77.

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Along the way, the Polygon zkEVM has hit several milestones, including over 84k wallets, over 300k blocks produced, over 75,000 ZK proofs generated, and more than 5,000 smart contracts deployed.

Polygon zkEVM is the gold standard for EVM-equivalence, having passed 100 percent of the Ethereum test vectors that apply to a zkEVM. Developers can copy-paste code that works on Ethereum and use it to build on Polygon zkEVM without having to change a thingall Ethereum tooling works seamlessly with Polygon zkEVM. Thats frictionless scaling,

Polygon (MATIC) has remained among the top ten by market capitalization despite the year-long bear market. According to our latest crypto market data, Polygon (MATIC) has been up approximately 8.8 percent in the past seven days despite being down over 60 percent from its ATH.

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With a market capitalization of approximately $10,436,979,483, the Polygon network reported a 24-hour trading volume of about $918 million. With over 587,517 holders, according to on-chain data, Polygon (MATIC) is poised to gain more global recognition before the next bull market.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Can Circle [USDC] turn things around with new plan? All you need to know – AMBCrypto News

Circle faced its toughest week so far this year after USD Coin [USDC] lost its dollar peg. It has since recovered, but the stablecoin issuer just released a new update regarding its USDC operations.

According to the update, Circle redeemed 2.9 billion USDC and minted 700 million USDC on 14 March. Those efforts were part of its action plan to aid the peg recovery. More importantly, Circle announced that it was securing new transaction banking partners. The companys goal is to facilitate round-the-clock transactions that will not be limited by regular banking hours.

Circle further revealed that it had limited funds held by its transaction banking partners to support redemption and minting. It also revealed that it held a cash position of its reserve at BNY Mellon. Thus, at press time, it had on-ramps for users looking to move their funds into the crypto segment.

The move by Circle underscored plans to bypass regulators efforts to prevent banks from working with crypto companies. It also came just days after multiple banks collapsed, adding more pressure to the fiat system. As a result, more people were losing their trust in the fiat system, and this was a key factor that fueled the rally in the last three days.

The aforementioned factors and the fact that USDC has regained its test have restored some confidence back into the stablecoin. The supply of USDC in smart contracts recently bounced back to a new four-month high.

But what about actual market demand? Well, a look at address characteristics revealed that USDC receiving addresses were slightly higher than sending addresses. Another key observation is that both metrics dropped substantially since 11 March, as people moved to other stablecoins.

However, addresses began leveling out at press time, suggesting that USDC trading activity is recovering. This is evident in the stablecoins exchange flows. Both exchange inflows and outflows have been on the rise for the last three days after previously tanking because of the depeg.

The exchange outflows remain higher than inflows, hence confirming that USDC is yet to regain full confidence. This may also be due to the recent crypto rally, which meant that investors have been buying crypto for stablecoins.

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Solana vs Ethereum: How to Choose One With Better Features and … – Cryptopolitan

In the world of blockchain and cryptocurrency, two names stand out: Solana and Ethereum. Both of these blockchains have gained a significant amount of attention and adoption in recent years, and for good reason. Solana and Ethereum are two of the most advanced and innovative blockchain platforms on the market, each with its own unique set of features and capabilities. This article will take a dive into the differences between these blockchains.

To understand the differences between Solana and Ethereum, we first need to look at their respective technology and architecture. Solana was designed from the ground up to be a high-performance blockchain platform that can handle a large number of transactions per second. Solanas architecture is based on a unique combination of technologies, including a permissionless, proof-of-history (PoH) consensus mechanism, a Tower BFT consensus algorithm, and parallel processing.

Solanas PoH mechanism records the ordering of events in a verifiable way, which enables the platform to achieve high throughput without sacrificing security. The Tower BFT consensus algorithm enables nodes to reach consensus on the ordering of transactions, while parallel processing enables Solana to process multiple transactions simultaneously.

Ethereum, on the other hand, is based on a different architecture. It uses a virtual machine called the Ethereum Virtual Machine (EVM) to execute smart contracts, which are self-executing contracts that run on the blockchain. Ethereums architecture is based on a proof-of-work (PoW) consensus mechanism, which requires nodes to solve complex mathematical problems to add new blocks to the blockchain.

One of the main differences between Solana and Ethereums architecture is their approach to scaling. Solanas parallel processing and PoH mechanism enable it to achieve high throughput, while Ethereums PoW consensus mechanism is known for its energy-intensive nature, limiting its scalability. However, Ethereum is currently transitioning to a proof-of-stake (PoS) consensus mechanism, which is expected to reduce its energy consumption and increase its scalability.

One of the most critical factors in blockchain technology is scalability, the ability to handle a large number of transactions per second (TPS) without sacrificing security. Solana and Ethereum have taken different approaches to achieve scalability, each with their own benefits and limitations.

Solanas architecture is designed to maximize scalability, and the platform is capable of handling up to 65,000 TPS. Solanas parallel processing enables the platform to process multiple transactions simultaneously, which significantly increases its throughput. Additionally, Solanas PoH mechanism ensures that the platform can maintain high throughput without sacrificing security or decentralization.

Ethereums scalability, on the other hand, has been a long-standing issue. The platforms PoW consensus mechanism has limited scalability, as it is energy-intensive and requires significant computing resources. However, Ethereum is in the process of transitioning to a PoS consensus mechanism called Ethereum 2.0, which is expected to increase the platforms scalability and reduce its energy consumption.

In addition to throughput, another critical factor in scalability is network congestion. When a blockchain platform becomes congested, it can result in slower transaction times and higher transaction fees. Both Solana and Ethereum have experienced network congestion in the past, but Solanas parallel processing and PoH mechanism have enabled it to handle congestion better than Ethereum. Ethereum, on the other hand, has experienced network congestion during periods of high usage, resulting in slower transaction times and higher fees.

The consensus mechanism is a critical component of any blockchain platform. It is the mechanism by which nodes in the network agree on the state of the blockchain. Solana and Ethereum use different consensus mechanisms, each with its own benefits and limitations.

Solana uses a unique consensus mechanism called Proof of History (PoH). PoH is a timestamp-based mechanism that provides a verifiable and auditable record of the ordering of events in the blockchain. PoH enables Solana to achieve high transaction throughput without sacrificing security or decentralization. Additionally, Solana uses a Tower Byzantine Fault Tolerance (BFT) consensus algorithm, which enables nodes to reach a consensus on the ordering of transactions.

Ethereum, on the other hand, currently uses a proof-of-work (PoW) consensus mechanism, which requires nodes to solve complex mathematical problems to add new blocks to the blockchain. PoW is known for its energy-intensive nature, which limits its scalability. However, Ethereum is in the process of transitioning to a proof-of-stake (PoS) consensus mechanism called Ethereum 2.0, which is expected to reduce its energy consumption and increase its scalability.

PoS works by using a stake-based mechanism where nodes that hold a certain amount of cryptocurrency, also known as a stake, are chosen to validate transactions and add new blocks to the blockchain. PoS is considered more energy-efficient than PoW, as it requires less computing power to validate transactions.

While Solana and Ethereums consensus mechanisms are different, they share a common goal: to provide a secure and decentralized network. Solanas PoH and Tower BFT consensus algorithms enable it to achieve high throughput while maintaining security, while Ethereums PoW and upcoming PoS mechanisms provide a decentralized way of adding new blocks to the blockchain.

Choosing between Solana and Ethereum depends on the specific needs of each application. Solanas PoH mechanism and Tower BFT consensus algorithm make it a strong choice for high-performance and low-latency applications, while Ethereums smart contract capabilities and upcoming PoS mechanism make it a strong choice for decentralized applications that require a more flexible programming environment.

Smart contracts are self-executing contracts that run on a blockchain platform. They enable the creation of decentralized applications (DApps) that can operate autonomously and securely without the need for intermediaries. Ethereum is widely recognized as the leading platform for building DApps, thanks to its smart contract capabilities. However, Solana is quickly emerging as a competitor in this space.

Ethereums smart contract capabilities enable developers to build complex DApps on the blockchain. Ethereums smart contracts are written in a programming language called Solidity, which is specifically designed for building smart contracts. Solidity is a high-level language that is easy to learn and use, making it accessible to a wide range of developers. Additionally, Ethereums smart contracts are compatible with a wide range of tools and libraries, making it easy for developers to build and deploy DApps on the platform.

Solana, on the other hand, uses a programming language called Rust for its smart contracts. Rust is a systems programming language that is known for its performance and security. While Rust is not as widely used as Solidity, it has a growing community of developers who are familiar with the language. Additionally, Solanas smart contract capabilities are designed to be highly performant, making it an attractive option for DApps that require high throughput and low latency.

A blockchain platforms ecosystem and community are essential factors to consider when evaluating a platforms suitability for building DApps. A thriving ecosystem and community provide developers with the tools, resources, and support they need to build successful applications on the platform.

Ethereum has a well-established ecosystem and community that has been growing since the platforms inception in 2015. Ethereums ecosystem includes a wide range of tools and libraries that enable developers to build and deploy DApps on the platform. Additionally, Ethereum has a robust community of developers who actively contribute to the platforms development, including the development of new protocols, tools, and libraries.

Solanas ecosystem is less established than Ethereums, but it is rapidly growing. Solana has been gaining popularity among developers due to its high-performance capabilities and low-latency smart contracts. Additionally, Solana has been making significant investments in its ecosystem, including the creation of the Solana Foundation, which provides funding and support for developers building on the platform. Solanas community is also growing rapidly, with a growing number of developers contributing to the platforms development and building new tools and applications on the platform.

When it comes to the community, both Solana and Ethereum have active and engaged developer communities. Ethereums community is more mature and has a broader range of developers contributing to the platforms development. Solanas community is younger but growing fast, with a focus on high-performance and low-latency applications.

Tokenomics is the study of a blockchain platforms economic model and the incentives it provides to its users. Vital to the respective ecosystems of both Solana and Ethereum, are their respective native tokens that have an indispensable role.

Solanas native token is called SOL, and it is used to pay for transaction fees and participate in the platforms governance. SOL has a fixed supply of 500 million tokens, and it is used to reward validators for participating in the network. Additionally, SOL is used to fund development on the platform, including the creation of new applications and protocols.

Ethereums native token is called Ether (ETH), and it is used to pay for transaction fees and participate in the platforms governance. ETH has a variable supply, with no fixed maximum limit. Ether is also used to fund development on the platform, including the creation of new applications and protocols.

Both SOL and ETH play an important role in their respective platforms ecosystems, providing incentives for users to participate in the network and contributing to the overall health and growth of the platforms. Additionally, both platforms have a thriving ecosystem of decentralized applications and protocols that use their respective tokens.

Both Solana and Ethereum have seen significant adoption in recent years, with a growing number of developers and businesses using their respective platforms for a wide range of applications. Ethereum has seen widespread adoption as the leading platform for building decentralized applications, or DApps.

Ethereums smart contract capabilities enable the creation of a wide range of DApps, including decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and gaming applications. Additionally, Ethereums ecosystem includes a wide range of tools and resources that enable developers to build and deploy DApps on the platform.

Solana is a newer platform, but it is quickly gaining popularity among developers and businesses. Solanas focus on high-performance and low-latency applications has made it an attractive option for developers building applications that require fast transaction processing and scalability. Additionally, Solanas ecosystem is growing rapidly, with a growing number of tools and resources available for developers building on the platform.

Both Solana and Ethereum have seen adoption in a wide range of use cases beyond DApps. For example, Solana has been used for gaming applications, while Ethereum has been used for supply chain management and identity verification applications.

Solana and Ethereum are two of the most advanced and innovative blockchain platforms available today. Both platforms have their own unique set of features, capabilities, and limitations that make them suitable for different use cases. Solanas focus on high-performance and low-latency applications, combined with its unique consensus mechanism, makes it an attractive option for developers who require fast transaction processing and scalability. Ethereums well-established ecosystem, broad developer community, and smart contract capabilities make it a strong choice for developers who require a more flexible programming environment. Ultimately, the choice between Solana and Ethereum comes down to the specific needs of each application.

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Grupo Pro Arte y Cultura Announces Winners of the 2022 Mayte … – GlobeNewswire

Grupo Pro Arte y Cultura Announces Winners of the 2022 Mayte Spnola Gold Medals on the WISe.ART Platform and showcased in Times Square in NYC

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New York / Madrid March 16th, 2023: WISeKey International Holding Ltd. (WISeKey) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, Blockchain, and IoT company, in partnership with Grupo Pro Arte y Cultura, announced today the winners of the 2022 Mayte Spinola Gold Medals through the WISe.ART platform, showcased in Times Square. The ceremony will take place on June 13, 2023.

Mayte Spnola founded The Pro Arte y Cultura Group in 1990. Over the past few years, she has been presenting awards to recognize the works of outstanding people in fields such as culture, art, technology and solidarity.

This year, the medal ceremony will be combined with NFTs minted on the WISe.ART platform, the Entrusted Next-Gen NFT Marketplace secured by WISeKey technology that guarantees an authenticated and signed version of the actual digital asset, providing proof of ownership, provenance and a set of terms and conditions of smart contracts that describe future usage and monetization streams.

WISeKey's innovative security technologies enable the authentication of phygital assets in a secure end-to-end process, proven by its 20-year experience and work in this domain. The trust is enabled by the OISTE/WISeKeys Swiss based cryptographic Root of Trust (RoT).

The Mayte Spnola 2022 Gold Medals have been awarded, in their VIII edition, by a panel chaired by Mayte Spnola, and made up of:

The Medals, which will be delivered at the Hacienda de San Antonio, Valencia, owned by Antonio Snchez de Len y Cotoner, on June 13, 2023, have been awarded to:

About WISeKey: WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey Microprocessors Secures the pervasive computing shaping todays Internet of Everything. WISeKey IoT has an install base of over 1.6 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

About WISe.ART: WISe.ART is a fully-fledged marketplace. It can connect all actors of the arts industry. Our white-labeling options and special NFT designs ensure that besides an authenticated and signed version of the actual digital asset, creating an irreversible link to the physical object, providing proof of ownership, provenance, and a set of smart contracts describing future use and monetization streams.

The WISe.ART NFT platform is fully secured by WISeKeys innovative security technologies enabling the authentication of digital assets, in a safe end-to-end process based on our experience and proven expertise in this domain.

Disclaimer: This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

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Cosmos (ATOM), Chainlink (LINK), and RenQ Finance (RENQ) are … – Crypto News Flash

As the cryptocurrency market continues to evolve and expand, investors are looking for tokens that have the potential to generate significant returns.

Cosmos (ATOM), Chainlink (LINK), and RenQ Finance (RENQ) are three tokens that have been gaining traction in the market due to their unique features and strong partnerships.

These tokens have shown strong performance in recent years and are considered must-haves in any crypto portfolio. In this article, we will take a closer look at each of these cryptocurrencies, their technology, and why they are worth investing in.

Cosmos is a decentralized network of independent blockchains that seeks to solve the scalability and interoperability problems in the blockchain industry. The ATOM token is the native cryptocurrency of the Cosmos network and is used for staking, transaction fees, and governance. ATOM is the backbone of the Cosmos ecosystem, allowing for cross-chain communication between different blockchains.

Cosmos uses a unique consensus algorithm called Tendermint, which is based on a Byzantine Fault Tolerance (BFT) consensus algorithm. Tendermint allows for faster and more efficient block confirmation times, making Cosmos a more scalable and user-friendly blockchain.

Cosmos is also home to many popular decentralized applications (dApps) such as Binance DEX, Terra, and Kava. These dApps leverage the benefits of the Cosmos network, including fast transaction times and cross-chain communication.

At the time of writing, Cosmos is trading at $12.10, reflecting a 4.57% increase over the last 24 hours. This recent price movement has left the tokens market capitalization at $3,540,962,783.04. Since the beginning of this year, Cosmos has recorded a positive change of 29.45%.

Chainlink is a decentralized oracle network that connects smart contracts to real-world data sources. LINK is the native cryptocurrency of the Chainlink network and is used for payment of data providers and network fees. Chainlink aims to solve the problem of trust in smart contracts by providing a reliable and secure way to access external data sources.

Chainlink uses a decentralized network of nodes, called oracles, to retrieve and verify data from external sources. These oracles are incentivized to provide accurate data through the use of LINK tokens.

Chainlink has already partnered with many big companies, including Google Cloud, Oracle, and SWIFT. These partnerships have helped to increase the visibility and adoption of Chainlink, making it a must-have in any crypto portfolio.

At the time of writing, Chainlink is priced at $6.72, marking a 3.12% increase in the past 24 hours. As for the recent price movements of Chainlink, it resulted in a market capitalization of $6,722,085,000.00 for the token. Since the start of the year, Chainlink has experienced a 20.84% change in its value.

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>>>>> BUY RENQ TOKENS HERE <<<<<

RenQ Finance is a decentralized finance (DeFi) platform that aims to bring interoperability to the DeFi space. The RENQ token is the native cryptocurrency of the RenQ Finance network and is used for staking, governance, and transaction fees. RenQ Finance allows users to swap tokens across different blockchains and use their assets in a seamless manner.

RenQ Finance, a decentralized finance (DeFi) project built on Ethereum, has recently undergone a Certik audit, which is one of the leading blockchain security firms. The audit was conducted to ensure that RenQ Finances smart contracts and platform are secure and reliable. The results of the audit were positive, with the Certik team stating that RenQ Finances smart contracts were secure and free of critical issues.

RenQ Finances first and second-stage presale was also a success, with both stages being oversubscribed. The first stage presale saw the sale of 34,500,000 RENQ tokens for $0.02 per token, while the second stage presale offered 66,500,000 RENQ tokens for $0.025 per token. The total number of sold tokens for the second stage presale of RENQ was 101,000,000, which reflects an oversubscription of 35.1%.

RenQ Finance aims to be a multi-chain DeFi platform that offers users the ability to earn a yield on their crypto assets through a variety of products, such as yield farming, liquidity provision, and staking. The platform also plans to integrate with other blockchains, such as Binance Smart Chain and Polygon, to offer users more options for earning yield.

RenQ Finances token, RENQ, will play a key role in the platforms ecosystem, being used for governance, staking, and as a medium of exchange for transaction fees. The total supply of RENQ tokens is 100 million, with 50% of the supply being allocated for liquidity provision and staking rewards.

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Presale:https://renq.ioWhitepaper:https://renq.io/whitepaper.pdf

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Uniswap’s V3 Successfully Launched on The BNB Chain – Crypto Times

Decentralized Exchange Uniswap, has completed its integration with the BNB chain, which is owned by the centralized cryptocurrency exchange Binance.

Crypto enthusiasts around the world got wind of this expansion after Uniswaps official announcement via Twitter on Wednesday.

In February, 0x Plasma Labs submitted a proposal to deploy Uniswap version 3 (V3) to the BNB chain, Binances smart contract blockchain. As a result, over 55 million Uniswap shareholders successfully accepted the governences proposal.

Before this announcement, Uniswap needed to increase its reach to a wider range of users and acceptance of decentralized finance (DeFi), so in February, over 66% of votes favored the deployment.

Previously, in an early temperature check vote, the multichain bridge Wormhole was approved as Uniswaps designated bridge to the BNB chain.

Alvin Kan, the head of Growth at BNB Chain, said, With BNB Chains Thriving and dedicated community, scalability, and accessibility, it is a launchpad for all things Web3.

This BNB Chain integration will push Uniswap to reach out wider number of crypto-users, reduce the transaction fees, and also to enter into the novel geographical market.

Now Uniswap users can easily make any transaction with high speed and along with low cost while trading and swapping around the network. Additionally, BNB Chain will improve Uniswaps user connectivity with Web3 and the liquidity for its clients.

As a result of integration, Uniswap has the opportunity to enter into a new source of liquidity with BNB Chains large Defi developers community to increase awareness and adoption of millions of new consumers and investors.

Also Read: Apple Creates Obstacle In Launching Uniswaps IOS Wallet App

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Uniswap's V3 Successfully Launched on The BNB Chain - Crypto Times

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How to Create javascript WebSockets Subscriptions to Ethereum and Binance Smart Chain through ethers.js? – Benzinga

Creating a WebSockets subscription to Ethereum and Binance Smart Chain using ethers.js can be useful for developers for several reasons, including scalability and easier integration.

Using NOWNodes to create WebSockets subscriptions to blockchain networks is a common practice. Javascript libraries such as ether.js have been a popular framework for WebSockets development.

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WebSockets subscription is similar to an Event Listener in Javascript. There are several reasons why an Event Listener is essential. This article illustrates creating simple BSC WebSocket and Ethereum websocket subscriptions to popular Blockchain networks like Ethereum and Binance Smart Chain.

Why create a Javascript WebSockets subscription

Javascript WebSockets subscription is either the Ethereum blockchain or the Binance Smart Chain is important for several reasons. Below are some of the reasons to develop a WebSockets subscription.

WebSockets are communication protocols that enable real-time, two-way communication between a client (such as a web browser) and a server. It provides a persistent connection between the client and server, sending and receiving real-time data.

Constant communication is often established through Websockets API. The WebSockets API provides methods for opening and closing connections, sending and receiving data, and handling errors and events. WebSockets offer a powerful and flexible way to enable real-time communication between client-side and server-side applications. They have become essential for building modern web applications crucial for blockchain and web 3 development.

Platforms like NOWNodes provide more straightforward ways to establish such connections, making it much easier to alleviate the need for a technical developer team. Below is a step-by-step guide on importing the ethers.js library and developing WebSockets subscription to the Ethereum blockchain network and Binance Smart Chain.

How to import ethers.js library and create WebSockets subscription

To use the Ethers.js library, first of all, you need to learn how to install ethers. npm install ethers Then you can import it using the code below.

const { ethers } = require("ethers");

After importing, you create a provider instance directly connecting to the preferred blockchain network. In this case, either the Ethereum blockchain or the Binance Smart Chain. Below is the line of code to create the required connection using NOWnodes.

const provider = new ethers.providers.WebSocketProvider("'wss://bsc.nownodes.io/wss/YOUR_API_KEY');

It is important to note that you'll be required to replace YOUR_API_KEY with your actual NOWNodes API key in development.

Subsequently, create a contract instance using the below line of code.

const contractAddress = "0x..."; // The contract address you want to interact with

const abi = [...] // The ABI of the contract

const contract = new ethers.Contract(contractAddress, abi, provider);

Next, you should create a subscription to an event emitted by the contract. To do so, you'll need to implement the code line below.

contract.on("EventName", (arg1, arg2, event) => {

console.log("Event received:", arg1, arg2);

});

Important Notes:

Below is the code for WebSockets that connect to the Binance Smart Chain blockchain network using the NOWNodes node provider.

const { ethers } = require('ethers')

const url = 'wss://bsc.nownodes.io/wss/YOUR_API_KEY'

const EXPECTED_PONG_BACK = 15000

const KEEP_ALIVE_CHECK_INTERVAL = 7500

const startConnection = async () => {

const provider = new ethers.providers.WebSocketProvider(url, {

name: 'binance',

chainId: 56,

})

let pingTimeout = null

let keepAliveInterval = null

provider._websocket.on('open', () => {

console.log('Connect')

keepAliveInterval = setInterval(() => {

console.log('Checking if the connection is alive, sending a ping')

provider._websocket.ping()

// Use WebSocket#terminate(), which immediately destroys the connection,

// instead of WebSocket#close(), which waits for the close timer.

// Delay should be equal to the interval at which your server

// sends out pings plus a conservative assumption of the latency.

pingTimeout = setTimeout(() => {

provider._websocket.terminate()

}, EXPECTED_PONG_BACK)

}, KEEP_ALIVE_CHECK_INTERVAL)

})

provider._websocket.on('close', () => {

console.error('The websocket connection was closed')

clearInterval(keepAliveInterval)

clearTimeout(pingTimeout)

startConnection()

})

provider._websocket.on('pong', () => {

console.log('Received pong, so connection is alive, clearing the timeout')

clearInterval(pingTimeout)

})

provider.on('block',(block)=>{

console.log('New block!', block)

})

}

startConnection()

Some advanced features of ethers.js for creating Ethereum/BSC WebSockets

Ethers.js provides a variety of advanced features for creating Ethereum WebSocket and BSC websocket subscriptions. Here are a few examples:

You can filter events based on specific parameters using the `ethers.utils` library. For example, to filter for a specific token transfer event, you could use the following code:

const filter = {

address: contractAddress,

topics: [ethers.utils.id('Transfer(address,address,uint256)')],

fromBlock: 'latest'

};

const logs = await provider.getLogs(filter);

If the WebSockets connection is lost, Ethers.js will automatically attempt to reconnect to the Ethereum node. You can also configure the number of reconnection attempts and the delay between attempts using the WebSocketProvider options.

For instance, to configure the WebSockets provider to retry every 5 seconds for up to 10 times, you could use the code below:

const options = {

reconnect: {

maxAttempts: 10,

delay: 5000

}

};

const provider = new ethers.providers.WebSocketProvider('wss://bsc.nownodes.io/wss/YOUR_API_KEY');

This code creates a reconnect object in the provider options that specifies the maximum number of attempts and the delay between attempts.

Using the provider, you can send multiple requests to an Ethereum node in a single batch.send() method. This can help reduce latency and improve performance. For instance, to retrieve the balances of multiple accounts in a single batch, you could use the following block of code:

const requests = [

{ method: 'eth_getBalance', params: ['0x123...', 'latest'] },

{ method: 'eth_getBalance', params: ['0x456...', 'latest'] },

{ method: 'eth_getBalance', params: ['0x789...', 'latest'] }

];

const results = await provider.send('eth_batch', requests);

What you get with NOWNodes service:

NOWNodes offers three paid plans, pro, business, and enterprise. It also provides a FREE plan suitable for small projects.

Start: FREE/ 100,000 requests per month + 1 API key and access to 5 nodes.

Pro: 20 / 1,000,000 requests per month + up to 3 API keys and access to all nodes Business: 200 / 30,000,000 requests per month + up to 25 API keys and access to all nodes.

Enterprise: 500 / 100,000,000 requests per month + up to 100 API keys and access to all nodes.

Conclusion

For several reasons, creating WebSockets with platforms such as NOWNodes can be important for maintaining high-security levels, constant uptime, and interoperability. Using the code snippet above, you can establish BSC WebSocket and Ethereum WebSocket using Ethers.js. The resulting WebSockets subscription would ensure Real-time communication, enhanced security, and scalability to ensure the growth of Web 3 projects.

Media Contact Company Name: NOWNodesEmail: Send EmailCountry: EstoniaWebsite: https://nownodes.io/

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Poolz & Euler Hit With Back-to-Back DeFi Exploits Totaling $2.3M – BeInCrypto

A hack has cost Poolz Finance around $390,000 on the Binance Smart Chain and Polygon, PeckShield spotted on Wednesday.

The blockchain security company noted that the hack could have occurred due to an arithmetic overflow issue.

According to PeckShield, the initial analysis points towards an arithmetic overflow issue with Poolz Finance. In computer science, it is an issue of a larger operation yield against the relatively smaller storage system. Meanwhile, PeckShield identified a repeat pattern by the same sender on the Token Vesting contract.

The source in Solidity states,

Arithmetic operations in Solidity wrap on overflow. This can easily result in bugs, because programmers usually assume that an overflow raises an error, which is the standard behavior in high level programming languages.`SafeMath` restores this intuition by reverting the transaction when an operation overflows.

Blockchain vigilante Bythos was the first to identify and tweet about the issue to PeckShield.

Poolz is a cross-chain decentralized IDO platform. Its infrastructure allows crypto projects with funding before they go public. However, its POOLZ token has taken a hit of over 95% in the past day alone.

POOLZs current price of $0.19 is more than 99% lower than its all-time high. Nearly two years back, in April 2021, POOLZ hit a peak price of $50.89.

On March 13, the decentralized finance (DeFi) protocol Euler Finance underwent an exploit.BeInCrypto reportedon the day that hackers stole over $195 million from the platform in a flash loan attack.

Following this, Euler sent an on-chain message to the hacker. They said, If 90% of the funds are not returned within 24 hours, tomorrow we will launch a $1M reward for information that leads to your arrest and return of all funds.

The hackers have reportedly moved the money from the protocol to two new accounts. The wallets were heavily loaded with DAI stablecoins and Ethereum (ETH).

In February, Platypus lost over $8.5 million in a flash loan attack. According to a report by Chainalysis, 2022 lost $3.8 billion worth of cryptocurrency, making it the biggest year for hacking. The bulk of this money came from DeFi protocols.

According to David Schwed, Chief Operating Officer of blockchain security firm Halborn, these are based on a web2 attack pattern. In a conversation with Chainalysis, he said, A lot of the hacks that were seeing arent necessarily web3-focused, key exfiltration attacks. Theyre traditional web2 attacks that have web3 implications.

BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.

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Poolz & Euler Hit With Back-to-Back DeFi Exploits Totaling $2.3M - BeInCrypto

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