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Institutional appetite for On-chain Activity is Heating Up

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The cryptocurrency market is witnessing a surge of interest from institutional investors, who are increasingly looking for ways to leverage the benefits of blockchain technology. According to Coinbase’s Vice President of Institutional Products, Brett Tejpaul, the demand for on-chain data and analytics is growing as institutions seek to gain insights into the behavior and trends of the crypto ecosystem.

An onchain crypto ramp is a service that allows you to convert your fiat money (such as US dollars or euros) into cryptocurrencies (such as Bitcoin or Ethereum) and vice versa, using a blockchain network. Unlike traditional exchanges, onchain crypto ramps do not require you to create an account, verify your identity, or trust a third-party intermediary. Instead, you can use your own wallet and interact directly with the blockchain, which is a distributed ledger that records all transactions and ensures their security and transparency.

In a recent interview with CoinDesk, Tejpaul said that Coinbase has been investing in building tools and services that cater to the needs of institutional clients, such as custody, prime brokerage, and execution. He also revealed that Coinbase has partnered with leading blockchain analytics firms, such as Chainalysis and Elliptic, to provide its customers with access to on-chain data and intelligence.

Tejpaul explained that on-chain data can help institutions understand the dynamics of the crypto market, such as the supply and demand of different assets, the liquidity and volatility of various trading pairs, and the activity and sentiment of different user segments. He said that on-chain data can also help institutions identify and mitigate risks, such as fraud, money laundering, and regulatory compliance.

An onchain crypto ramp works by connecting you with a network of liquidity providers, who are willing to exchange their cryptocurrencies for your fiat money or vice versa. These liquidity providers can be individuals, businesses, or organizations that have access to both fiat and crypto markets. They can offer competitive rates and fast transactions, depending on the supply and demand of each market.

To use an onchain crypto ramp, you need to have a wallet that supports the blockchain network of your choice. For example, if you want to buy Ethereum, you need a wallet that supports the Ethereum network. You also need to have some fiat money in your bank account or card that you want to convert into crypto.

Then, you can visit the website or app of an onchain crypto ramp service and select the amount and type of crypto that you want to buy. The service will show you the best available rate from its network of liquidity providers and generate a QR code or a link that contains the details of the transaction.

You can scan the QR code or click the link with your wallet and confirm the transaction. The service will then send your fiat money to the liquidity provider and the liquidity provider will send your crypto to your wallet address. The whole process can take from a few minutes to an hour, depending on the network congestion and confirmation time.

Using an onchain crypto ramp has several benefits compared to using traditional exchanges or other methods of buying and selling crypto. Some of these benefits are:

Privacy: You do not need to create an account, verify your identity, or share any personal information with the service or the liquidity provider. You only need to provide your wallet address and your payment method.

Security: You do not need to trust a third-party intermediary or store your funds in a centralized platform that can be hacked or shut down. You have full control over your funds and transactions at all times.

Speed: You do not need to wait for days or weeks for your funds to be deposited or withdrawn from an exchange. You can complete your transactions in minutes or hours, depending on the network speed.

Accessibility: You do not need to have access to a bank account or a card that supports international payments. You can use any payment method that is available in your country or region, such as cash, mobile money, or online transfers.

Flexibility: You do not need to stick to one blockchain network or one cryptocurrency. You can choose from a variety of networks and currencies that are supported by different onchain crypto ramps.

There are many onchain crypto ramp services available in the market, each with its own features, fees, and supported networks and currencies. Some of the most popular ones are:

Ramp Network: A decentralized protocol that connects users with liquidity providers across multiple blockchains and payment methods. It supports Ethereum, Polygon, Binance Smart Chain, Bitcoin, Solana, Tezos, and more.

MoonPay: A centralized platform that enables users to buy and sell cryptocurrencies with fiat money using bank transfers, cards, Apple Pay, Google Pay, Samsung Pay, and more. It supports over 80 cryptocurrencies across 160 countries.

Transak: A centralized platform that allows users to buy and sell cryptocurrencies with fiat money using bank transfers, cards, UPI (India), SEPA (Europe), Faster Payments (UK), and more. It supports over 50 cryptocurrencies across 60 countries.

Wyre: A centralized platform that enables users to buy and sell cryptocurrencies with fiat money using bank transfers, cards, Apple Pay (US), Google Pay (US), Samsung Pay (US), and more. It supports over 10 cryptocurrencies across 50 countries.

On chain crypto ramps are a convenient and secure way of accessing the decentralized web. They allow you to convert your fiat money into cryptocurrencies and vice versa without creating an account, verifying your identity, or trusting a third-party intermediary. They also offer competitive rates and fast transactions from a network of liquidity providers.

You can choose from a variety of onchain crypto ramp services that support different blockchain networks and payment methods. If you are interested in learning more about onchain crypto ramps, you can visit their websites or apps and try them out for yourself.

Tejpaul added that on-chain data can also enable institutions to discover new opportunities and strategies in the crypto space, such as arbitrage, market making, and lending. He said that on-chain data can help institutions optimize their portfolio allocation, execution timing, and risk management.

Tejpaul concluded that on-chain data is becoming a key factor for institutional adoption of crypto, as it provides a transparent and reliable source of information that can enhance their decision making and performance. He said that Coinbase is committed to supporting its institutional customers with the best-in-class on-chain data and analytics solutions, as well as other products and services that can help them navigate the crypto market with confidence and ease.

Apple Introduces New Apple Pencil with USB-C Charging

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An Apple logo is seen at the entrance of an Apple Store in downtown Brussels, Belgium March 10, 2016. REUTERS/Yves Herman/File Photo

In the bustling city of Cupertino, where innovation and progress are a way of life, an exciting announcement just shook up the world of Apple enthusiasts. The headlines had been buzzing for weeks about the release of the all-new, more affordable Apple Pencil with a twist – it came with a built-in USB-C charger.

“Apple Pencil has revolutionized note taking, sketching, and illustrating, unleashing endless possibilities for productivity and creativity,” said Bob Borchers, Apple’s vice president of Worldwide Product Marketing. “Combined with the versatility of iPad, the new Apple Pencil unlocks another great option to experience the magic of digital handwriting, annotation, marking up documents, and more.”

For years, Apple Pencil aficionados had been divided. The first-generation model had a protruding Lightning connector, which, although functional, had been a less-than-elegant solution. On the other hand, the second-generation model, with its wireless charging capabilities, had left the owners of the 10th-generation iPad in a state of perplexity, as it wasn’t compatible with their device. But this new addition, the USB-C Apple Pencil, aimed to bridge that gap.

The Apple Pencil, now priced at a wallet-friendly $79, is a game-changer. It came with a USB-C port concealed beneath a sliding cap, making it compatible with a wide range of iPads, from the third- to sixth-generation 12.9-inch iPad Pro to the sleek and compact sixth-gen iPad Mini. One of its standout features was the magnetic attachment capability, allowing it to cling effortlessly to the side edge of even the 10th-generation iPad, which had previously been lacking in stylus support.

The newfound compatibility with a range of iPads, including the 12.9-inch iPad Pro, 11-inch iPad Pro, iPad Air, 10th-generation iPad, and iPad Mini, meant that artists and creators could find the perfect match for their needs.

While the price reduction made the Apple Pencil more accessible, some of the advanced features found in the first- and second-generation accessories were omitted. The new model didn’t support pressure sensitivity, wireless pairing, and charging, or the double-tap feature for switching between tools.

However, it still retained the hovering feature, ensuring compatibility with the M2 models of the iPad Pro, offering users an uncomplicated and precise drawing experience.

The USB-C Apple Pencil created a harmonious and much-needed solution for iPad users, eliminating the perplexing issues they had previously encountered. In the past, the original Apple Pencil had a Lightning connector that jutted out, which wasn’t the most convenient option for charging.

On the other hand, the second-generation Pencil had wireless charging but wasn’t compatible with the 10th-generation iPad. It had left many owners of that particular model scratching their heads when it came to choosing the right stylus for their creative endeavors.

The introduction of the USB-C Apple Pencil was a breath of fresh air – thanks to the European Union’s new rules mandating that. Users could charge it with their iPads, and there was no more worrying about which model they owned. This simplified the once-convoluted world of iPad accessories, bringing a sigh of relief to Apple enthusiasts.

One of the standout features of the USB-C Apple Pencil was its magnetic attachment capability. It could easily adhere to the side edge of an iPad, thanks to its magnetic design. This feature was a godsend for users who had experienced the misfortune of their Apple Pencils rolling off tables and disappearing into the unknown. It was a small but welcome innovation that solved a big problem.

While the USB-C Apple Pencil might lack some of the high-end features of its predecessors, its affordability and universal compatibility made it a sought-after accessory. It was the embodiment of Apple’s dedication to providing accessible and practical solutions to its user base, catering to the diverse needs of the ever-expanding world of iPad enthusiasts.

Peter Obi Won the Presidential Election, Tinubu Came Distant Third – Ex- SGF Lawal

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Former Secretary to the Government of the Federation (SGF), Babachir Lawal, issued a statement asserting that Peter Obi of the Labour Party (LP) emerged as the winner of the 2023 presidential election.

Lawal stated that Atiku Abubakar, the Peoples Democratic Party (PDP) candidate, secured the second position, while Bola Tinubu of the All Progressives Congress (APC) lagged far behind in third place.

In his statement on Tuesday, Lawal explained his earlier silence in the post-election political discourse, citing two reasons. First, as an active participant in the election process, he required time to scrutinize and analyze the data leading to the election outcome, forming an informed opinion. Second, the rainy season demanded his focus on his agricultural endeavors, which are essential to his livelihood.

The former SGF went on to address two key questions of political interest. First, he categorically denied Bola Tinubu’s victory in the presidential election, asserting that Tinubu knew he wouldn’t succeed in a free and fair contest and thus resorted to alternative means.

Second, he raised concerns about Tinubu’s qualifications and the emerging negative information about him. Lawal suggested that ethical and moral considerations should have prompted Tinubu to withdraw from the election voluntarily.

He said: “I have resisted the temptation to engage in the contemporary political discourse since the May 2023 election faux pas,” the statement reads.

“I did this for two reasons; the first being that as an active player in the drama, I needed time to analyze and digest the data that led to the outcome(s), so I could arrive at an informed decision; the second, being that the rainy season had just set in and it was necessary that I focused my attention on my farms which are the mainstay of my livelihood.

“The current topical issues for political discourse and inquiry are whether or not Bola Tinubu won the presidential election and/or that he was a priori, qualified to participate in the election given his murky biodata as is now being publicly unveiled daily in an avalanche.

“My answer to the first inquiry is that regardless of whatever INEC or Appeal Court said or did, Bola did not win the election.

“Right from the start of the campaigns, Bola knew he was not going to win the election in a free and fair contest so he decided to go by all means.

“Available factual data as aggregated from several independent sources indicate that Obi got the majority votes while Atiku came second. Bola came a distant third in the number of votes scored.

“My answer to the second inquiry is that given the now unfolding deluge of uncomplimentary information about who or what he actually is, ordinarily, sound ethics and morality should have convinced him to voluntarily excuse himself from participation in the election.”

Lawal threw his weight behind Obi during the presidential election, citing poor leadership and corruption by both the PDP and APC, which he said requires a third force to address.

Tinubu is medically unfit and lacks credibility

Besides the allegation that Tinubu stole the election, Lawal said the former governor of Lagos State is medically unfit to lead Nigeria, asking him to resign and tend to his health.

According to Lawal, after six months of Bola Tinubu’s administration, it has become evident to Nigerians that what they are experiencing politically falls short of what they truly deserve.

“But this, notwithstanding, I believe he still has time and opportunity to save himself this public humiliation and embarrassment to his person, both locally and internationally by resigning so that he can give more attention to his health,” he said.

“After all, no one knows about the truism of these severely embarrassing and humiliating exposures about his person than the man himself.

“Leadership is all about integrity; sound pedigree, trustworthiness, and the ability to unite and instill hope and confidence in the people one seeks to lead. In these qualities, most Nigerians are in total agreement that Bola has them in very short supply indeed.

“But now, six months down the line, the chicken has come home to roost as Nigerians have come to the realization that we have not got what we deserve politically.

“Confusion and despondency are now all over the nation as no one trusts the government to do what it says it will do.

“No one trusts the leader, and no one trusts appointees who are appointed as rewards for their roles in the election or who had in the past helped him in his life.”

Tinubu’s appointments are nepotistic

Lawal further claimed that Bola Tinubu’s appointments appeared to be a form of compensation for those who had assisted him in his journey to the presidency. He expressed concern that the President and his associates held considerable power and control over Nigeria’s abundant resources and opportunities. According to him, they seemed to be benefiting from their positions while the general population struggled with issues of insecurity, poverty, and despair.

In his view, it appeared as though Tinubu was primarily rewarding those who had supported his presidential bid at any cost. Lawal criticized the group of individuals Tinubu was assembling in his government, suggesting that they exhibited a lack of genuine concern for the well-being of Nigeria and its citizens.

Mastering Cryptocurrency Investments: Tips for Success

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Cryptocurrency has transformed into an exhilarating and potentially profitable endeavor for many. Armed with the correct insights and methodologies, anyone can successfully traverse this intricate domain and make well-informed investment choices. In this discourse, we will delve into the foundational elements of cryptocurrency, the significance of diligent research, methods for prosperous investment, techniques for risk alleviation, and how to employ technology to bolster your cryptocurrency investment efforts.

Decoding Cryptocurrency Fundamentals

Cryptocurrency, though a sensation in the monetary universe, may seem abstract. Essentially, it’s a digitalized form of assets that harnesses cryptography for ensuring transactions and to regulate the birth of new digital units. In contrast to conventional currencies like the dollar or euro, or even the most active stocks in traditional markets, cryptocurrencies thrive in a decentralized environment, anchored by a system known as blockchain.

Let’s navigate further into the depths of the cryptocurrency sphere for a more nuanced comprehension of its nuances and potential.

Varieties of Cryptocurrency

The contemporary market brims with diverse cryptocurrencies. Titans in the realm include Bitcoin, Ethereum, and Ripple. Each digital currency is tailored for a specific function and anchored by its distinct blockchain architecture. Grasping these disparities is pivotal for astute investment choices.

Bitcoin, the pioneer of cryptocurrencies, emerged as a decentralized counterpart to mainstream fiat currencies and has since witnessed monumental acceptance. Ethereum, in contrast, isn’t merely a digital currency but also a foundation for crafting decentralized applications. It birthed the idea of smart contracts, which execute autonomously once certain conditions are met.

Ripple diverges from both Bitcoin and Ethereum by concentrating on streamlining swift and economical global monetary transfers. Its vision is to overhaul traditional banking paradigms with an efficient cross-border transaction solution.

The Pillar of Research in Digital Asset Investment

Research stands as the cornerstone of triumphant cryptocurrency endeavors. It necessitates probing myriad elements to make educated investment choices and cushion against uncertainties. Key facets to ponder include:

Assessing Cryptocurrency Track Records

Before plunging into a cryptocurrency, scrutinize its historical trajectory. Probing attributes like market cap, liquidity, and price dynamics offers insights into its growth trajectory and resilience.

Staying Abreast of Cryptocurrency Narratives

The digital currency realm is notorious for its capricious nature. To stay ahead, it’s vital to keep an ear to the ground regarding fresh updates, market shifts, and legislative alterations. Engage with credible news outlets, participate in digital forums, and seek insights from industry trailblazers.

Blueprints for Fruitful Cryptocurrency Engagements

Crafting a robust investment roadmap is the linchpin to prosperity in the digital currency universe. Ponder on these methodologies to amplify your investment horizons:

Diversifying Digital Assets

To navigate risks and enhance prospective rewards, it’s sagacious not to put all your eggs in one basket. Allocate your resources across a spectrum of cryptocurrencies, each with its distinct market trajectory.

Investment Timing Mastery

In the digital currency sphere, timing isn’t just everything; it’s the only thing. Dissect market movements, gauge technical metrics, and discern investor pulse to pinpoint propitious investment junctures.

The Long Play vs. Quick Wins

Align your investment choices with your financial objectives and risk appetite. While the long game offers prospects of sustained evolution, short stints capitalize on fleeting market windows.

Risk Navigation in Digital Asset Ventures

The allure of the cryptocurrency realm is tempered by inherent risks. Crafting cogent risk navigation blueprints is quintessential to shield your endeavors. Here’s the lowdown:

Demystifying Cryptocurrency Perils

Digital asset ventures are laced with challenges such as market whims, cyber threats, and legislative overhauls. Equip yourself with risk awareness and conceive contingency blueprints. Always ensure your investments are within your financial comfort zone and be vigilant against deceitful undertakings.

Risk Navigation Arsenal

Numerous tools are at your disposal to steer clear of investment pitfalls in the digital domain. Tactics like stop-loss orders, periodic portfolio recalibration, and resource allocation across diverse investment vehicles can be pivotal. Moreover, consider the strategy of dollar-cost averaging to temper market volatility’s effects.

Harnessing Tech for Digital Asset Ventures

In the cryptocurrency orbit, technology is a steadfast ally. Mastery of pertinent tools and platforms can elevate your investment journey:

Exploring Cryptocurrency Trade Arenas

Digital currency trading hubs offer a streamlined gateway to engage with cryptocurrencies. Dissect various arenas, survey their toolkits, and gauge their fortification measures to select a platform that resonates with your aspirations.

Blockchain’s Role in Digital Asset Ventures

At the heart of every cryptocurrency lies blockchain technology. This decentralized, fortified system bestows transaction transparency and immutability. A grasp of blockchain’s workings and its prospective applications is imperative for dissecting digital projects and making enlightened investment calls.

Charting a Course Through the Cryptocurrency Investment Landscape

Navigating the vast seas of cryptocurrency investments can be both exhilarating and daunting. As the world of digital assets continues to evolve at an unprecedented pace, understanding its fundamentals and leveraging technology becomes paramount. From the intricacies of blockchain to the strategic diversification of assets, successful ventures in this realm require foresight, continuous learning, and a proactive approach. By integrating traditional investment wisdom, like keeping an eye on the most active stocks, with modern digital asset strategies, investors can harness the best of both worlds. Embrace the future of finance with prudence, research, and a clear vision, and the digital horizon holds promising returns for the discerning investor.

Uwerx Bounces Back with Relaunch, Promising a Bright Future for the Community

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Despite the temporary setback caused by a recent exploit on its protocol, Uwerx continued its journey toward crypto innovation. The project has successfully performed its test airdrop alongside a token burn event. Also, it has set its relaunch date to occur by 12:00 PM UTC on October 25th. Continue reading to find out about other exciting releases by Uwerx.

Uwerx’s Initial Launch On Uniswap

After its remarkable presale activities, Uwerx launched on Uniswap on 1st August. The WERX token featured a 3% sell tax, 2% marketing, and 1% token burn. Meanwhile, the team locked its liquidity and promised to renounce contract ownership upon listing on CEX platforms.

In addition, a Uwerx Buy-back program was initiated to provide additional support for the project. The program was to be performed weekly and will scale according to performance. However, it was suspended while the reserved funds went into liquidity provision post-attack.

The development of the Uwerx freelance platform also progressed remarkably. Some completed platform features were Login, Privacy Policy, Finished Payments, Create Account, and Security Sections. Other designs, like the Dashboard features, were yet to be finalized. However, they completed the Uwerx Vault design and sent its contract address for audit.

Uwerx Meets Roadblock As It Loses About $327K In An Exploit

Shortly after its Uniswap launch, Uwerx became a victim of a malicious exploit and lost 176 ETH (approx. $327,000). An in-depth analysis of the incident by CertiKAlert and PeckShield Alert unveiled the attacker’s tactics: they obtained a flash loan of 20,000 ETH (worth more than $36 million) and quickly exchanged it into 5,053,637 WERX tokens.

Afterward, they returned 4,429,817 WERX to Uwerx’s pool on Uniswap. This was over tenfold the initial amount in the pool. Hence, it created an imbalance.

The hacker then leveraged Uniswap’s skim() function by setting the 0x00…1 address as the “to” address. This action caused the protocol to burn 1% of the initial WERX amount since the receiving address was a UniswapPoolAddress. Thus, the exploiter leveraged the imbalance and burn to make away with the 176 ETH.

Uwerx Regains Investors’ Trust As It Announces Relaunch Date

Uwerx rapidly contacted its auditors after the hack was confirmed. This was to ensure no further breach occurred. Also, its team announced its willingness to offer the attacker 20% of the lost funds as a bounty reward if they returned 80% of the funds. Meanwhile, the team initiated its action plan to ensure a swift recovery.

The WERX token will be relaunched on Polygon on 25th October at $0.056. The new WERX features a new contract address with a modified Uwerx Vault contract address. The two contract addresses have passed audits and have been updated on the Uwerx whitepaper and website. In addition, there’s a 9-month seal on the developer’s liquidity while the scheduled token burn event and the test airdrop of WERX tokens have been executed. Another airdrop will also occur shortly after the relaunch date. Thus, users are advised to finalize their receiving wallet addresses by 15:00 UTC on 8th October.

Before the relaunch date, YouTube media with explainer videos will be released. This will ensure users understand the details of the new WERX token. Users can send their reviews through the official feedback email, feedback@uwerx.network.

Furthermore, the new vesting period is 10 weeks, while the new sell tax is 30%, as voted in by the Uwerx community. The tax will be temporary and will decrease throughout the 10-week vesting period. This tax is designed to discourage malicious actors, while the funds generated will go into providing liquidity for Uwerx.

In addition, the design of the MVP version of the Uwerx freelance platform will be finished soon. The developers have finalized the designs for Creation of Courses by Freelancers and the service integration for Trello, Asana, Monday.com, and LinkedIn platforms. Also, the designs for the Webinar Section are complete.

Meanwhile, the developers hope to release the complete MVP version on 30th October, with a fully integrated platform ready after 6 months of design completion. Users can look forward to more updates about the WERX relaunch, MVP release, and full platform launch on Twitter (X), Telegram, and email.

Uwerx enjoys the full support of its investors as it has proven its commitment and potential to overcome future obstacles.