Schlagwort: blockchain markets

• 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. 

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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.

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.

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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

$scrt #scrt risky 5 min mini pattern

Entry 5,03
Target 5,40-$5 50 pic.twitter.com/nKRk22FLZo

— Han (@HanCryptojunk) March 9, 2022

The post Secret token is surging, gained 15% in 24 hours: best places to buy SCRT appeared first on Coin Journal.

After an extended series of losses that threatened to expel Yearn Finance’s native token YFI from the top 100 biggest coins by market cap, it has finally started to regain value.

If you want to know what Yearn Finance is, if it’s worth buying, and the best places to buy its token YFI now, you’ve come to the right place.

Top places to buy YFI now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy YFI with eToro today Disclaimer

CAPEX

CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.

Buy YFI with CAPEX today Disclaimer

What is YFI?

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

After its launch in February 2020, it saw huge growth as new products debuted and developers released in-house token YFI.

Yearn.finance makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield.

Should I buy YFI today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.

YFI price prediction

Long Forecast anticipates a bull run until 2024, when the coin will trade between $25,867 and $22,299.

Coin Price Forecast predicts YFI will trade for $28,666 at the end of this year, around $8,000 more than it’s worth now.

In the first half of next year, the Yearn Finance price will reach $29,416, then drop down to just below $26,000 in the second half.

YFI on social media

Top Daily #PriceMovers:

📈UP:@wavesplatform(#WAVES): +14.1%@zcashco(#ZEC): +12.5%#YFI: +12.4%#AR: +8.7%@Theta_Network(#THETA): +5.9%@ankrnetwork(#ANKR): +5.4%

📉DOWN:#ANC: -10.7%#RUNE: -6.7%#ROSE: -5.3%@FantomFDN(#FTM): -5.2%#AXS: -4.4%#SCN1 #SmartLiquidity pic.twitter.com/xJ50gJjcI5

— ⚡️Smart Crypto News ⚡️ (@SmartCryptoNew1) March 8, 2022

The post Yearn Finance is rapidly reversing losses: best places to buy YFI now appeared first on Coin Journal.

Dynamically growing international crypto exchange Currency.com announced it has donated a total of $1million to support Ukrainians during the humanitarian crisis in their country, the exchange posted on its website. Currency.com has transferred the funds immediately.

Funds distributed to 4 charities

The funds will be distributed to ASAP Rescue, The Red Cross Society of Ukraine, Global Giving, and the Humanitarian Relief Fund under the Ministry of Social Policy.

Steve Gregory, US Chief Executive Officer of Currency.com commented:

Our hearts go out to the citizens of Ukraine who are engulfed by this war. Many have had to flee their homes amid freezing temperatures, power cuts and food shortages. Every day is a struggle to survive. We want to help where we can.

Exchange contributes half a million to emergency relief

Currency.com is contributing $500,000 to support the Red Cross Society of Ukraine and the country’s health ministry’s joint emergency relief efforts. The money will be used to buy basic amenities and provide medical aid to displaced Ukrainians.

$300K to be spent on food and shelter, $200K on evacuation

The rest of the funds will be distributed as follows: Currency.com will donate $300,000 to the Ministry of Social Policy and Global Giving to help people get access to food, shelter and medical care.

The last portion of $200,000 will be donated to ASAP Rescue, a Ukrainian volunteer organisation that helps evacuate residents during times of social turmoil or when natural disasters strike.

Gregory added:

Like everyone in the world, we are extremely concerned about the shocking events taking place in Ukraine. As a global company with an international team, we feel it is our duty to help those impacted by this war. We will continue to monitor events closely and stand ready to provide additional support to the people of Ukraine.

 

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