Monat: März 2022

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Itheum set to launch on Elrond’s Maiar Launchpad

  • Elrond has announced that Itheum will launch on its Maiar Launchpad 

  • The launch will happen towards the end of March or in early April 

  • Itheum, a Web3 data brokerage platform, wants to tap into the scalability offered by Elrond 

Elrond has announced its strategic support for Itheum, a Web3 data brokerage platform. Through this move, Itheum will be unveiled on the Maiar Launchpad, the strategic launch platform for the Elrond blockchain. 

Itheum is the first decentralized multichain data brokerage firm, and it has been under development for three years. The platform seeks to foster data usage by ensuring the owners can own and trade their data through Web3 or the Metaverse. 

Elrond offers support for Itheum 

Itheum is leveraging the scalable blockchain technology provided by Elrond to create a platform where everyone can manage their personal data in the form of assets. Itheum will also adopt NFMe ID technology to allow users to include a metadata layer on their soulbound Data Avatars for the metaverse.

“Some of the brightest minds of our generation and insane amounts of resources are increasingly focused on finding new ways to harvest data from users and selling it further for ads. If we empower users and businesses to own their data and derive value from it, the internet can progress to a new level of usefulness and trust, a solid foundation for the next territory for human evolution,” said the Itheum CEO, Mark Paul. 

This technology will give users a customized experience while earning a passive income. The technology will also foster end-user adoption while creating a platform where users can access valuable and accurate data at competitive prices. Itheum will debut on the Maiar Launchpad towards the end of this month or early next month. 

The Elrond blockchain 

The Elrond blockchain is one of the most competitive players in the blockchain sector. Its blockchain architecture seeks to provide immense scalability benefits, including fast transaction speeds and high throughput. 

The Elrond blockchain has integrated sharding for scalability, and it has invested in a secure proof-of-stake algorithm. As such, it has been touted as a potential Ethereum killer. The network claims to process more than 10,000 transactions per second at significantly low costs, which is more than what can be said for Ethereum. 

The post Itheum set to launch on Elrond’s Maiar Launchpad appeared first on Coin Journal.

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Highlights March 9: Major cryptos in the green, commodities prices soaring

The crypto market as a whole is rallying today. President Biden is expected to sign an executive order this week which will be a first step in cryptocurrency regulation. It comes now because of concerns that Russia may use crypto assets to circumvent sanctions.

The head of Singapore’s largest bank remarked that he sees crypto like Bitcoin continuing “to grow as a meaningful store of value, in a similar vein to gold“.

The war on Ukrainian soil and crushing sanctions on Russia have led commodities prices to rise to unseen levels in years. 

US indices closed lower yesterday after President Biden announced plans to boycott Russian energy imports. 

Top cryptos

Terra added more than a fifth to its value today and is trading for just below $100. It was listed on Wirex two days ago, contributing to its surge. 

Avalanche was also in the lead, up 10%. It just announced its Multiverse program, funded by 4 million AVAX, worth around $290 million at current prices. It aims to encourage the growth of subnets. AVAX was also listed on Bitstamp two days ago.

Ethereum climbed more than 7%, while Cardano and Solana both rose more than 4%. Bitcoin was trading above $41,000 at time of writing, up close to 8% in the past 24 hours.

Top movers

In terms of price growth, Monero is the Terra of the top 100. While all privacy coins are gaining, Monero is the one that’s rallying the most.

It is believed that sanctions against Russia will lead to more cybercrime, and tokens like Monero are becoming more popular because hackers are likely to demand payments in them. Secret, another privacy token, gained 15% in the last 24 hours.

The live NEAR Protocol price today is $11.12 with a 24-hour trading volume of $750.6 million. The 22nd biggest coin by market cap is up 12.61% in the last 24 hours.

Waves added another 12% today. Other gainers include privacy coins Oasis and Zcash with 12% and 16% respectively, THORChain with 11%, Arweave with 18%, and Anchor and Dash, up 13% each.

Trending

Metaverse ALL BEST ICO is trading for $0.007 and its 24-hour trading volume has topped $1 million. Its token METAALLBI is up 846% in the last 24 hours.

METAALLBI supports and upgrades the ALL BEST ICO project by creating innovative NFTs designed to reward and deliver added value to all token supporters. It is integrating different applications for the metaverse.

The post Highlights March 9: Major cryptos in the green, commodities prices soaring appeared first on Coin Journal.

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Cake DeFi invests $100M in new corporate venture arm targeting gaming and fintech startups

Cake DeFi, Singapore-based decentralized finance (DeFi) platform, has launched a new corporate venture arm called Cake DeFi Ventures (CDV). Cake Defi has invested $100 million in the new venture targeting Web3, gaming, and fintech startups.

The new corporate venture arm shall go a long way in empowering Cake DeFi’s user base that spans over half a million registered users.

The Cake DeFi Ventures (CDV)

The CDV shall focus on investing in tech startups across the metaverse, Web3, gaming, esports, and NFTs space that will bring value to Cake DeFi’s main business. The venture shall not only focus on startups in Singapore but look for global investment opportunities.

The CDV is led by Cake Defi’s co-founder Dr. Julian Hosp, Cake DeFi’s CEO, and Cake DeFi’s CTO U-Zyn Chua. These three are the founders of Cake DeFi and the main objective of the project was to build the world’s leading investment platform for DeFi and upcoming alternative assets in Singapore.

The startups that make it to the CDV portfolio can expect to receive strong support from Cake DeFi besides being able to access the many Cake products, users, connections, and resources around the world.

Julian Hosp said:

“By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake’s current status as Singapore’s and Southeast Asia’s fastest-growing platform, projects which we invest in can expect to receive strong support scaling globally.”

U-Zyn Chua went ahead to add:

“As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability and specialization, investing in companies that bring synergies to Cake DeFi’s core business will allow us enhance our Web3 offerings.”

Applying for funding from the CDV

To apply for funding from the new venture capital, startups should send an email to contact@cakedefi.vc explaining their project details.

The team at Cake DeFi will then contact the shortlisted projects.

The venture capital is also open for Venture capital firms or investment funds interested in co-investment opportunities or strategic partnerships.

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Secret token is surging, gained 15% in 24 hours: best places to buy SCRT

The trend of privacy coins rallying has not bypassed Secret, the most evidently private cryptocurrency of all. Its token SCRT is trading for $4.92 with a 24-hour trading volume of $62.5 million. It currently ranks at #87.

Look no further than this quick guide if you want to know more about Secret, if buying SCRT will bring you returns, and the top places to buy SCRT today.   

Top places to buy SCRT now

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy SCRT with Binance today

What is SCRT?

SCRT is the token of Secret, a privacy-oriented blockchain built on Cosmos. Its smart contracts are called Secret Contracts and allow DApps to use private data, much like the way smart contracts operate on other blockchains.

Secret Contracts transfer encrypted inputs into encrypted outputs without exposing data. This is made possible thanks to the encrypted contract states during the execution.

Data privacy is guaranteed by combining encryption protocols and key management within a Trusted Execution Environment (TEE).

This allows Secret Contracts to compete for several privacy-related use cases that traditional blockchains have found difficult to accommodate.

Private voting mechanisms or credit scoring applications become possible since they do not expose sensitive user data on-chain with Secret.

Should I buy SCRT today?

SCRT can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

SCRT price prediction

Cryptonewsz is bullish on the coin. In 2023, they expect an average price of just under $12. The lowest it can drop to is $11. It can reach an ATH of $15.67 by the end of the year.

In 2024, they predict $15.8 early on and an average price of $16.23 throughout the year. The token might reach another ATH that year, this time at $18.9. The minimum price SCRT can fall to is $15.

SCRT on social media

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