Schlagwort: crypto business

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cheqd has launched Credential Payments, a new feature of its Credential Service

  • cheqd (cheqd.io) is a privacy-focused payment and credential network that empowers users and organizations to take control of their data.
  • It leverages Decentralized Identity (DID), Self-Sovereign Identity (SSI), and Digital or Verifiable Credentials (VCs), to establish Trusted Data markets as a novel industry category.
  • cheqd’s technology is reshaping Trusted Data economies, including reusable KYC in Web3 and preference data markets.

cheqd, a startup focused on enhancing user and organizational control over identity data, has introduced Credential Payments, a new feature within its decentralized network and SaaS product, Credential Service. This development enables individuals and organizations to receive compensation for sharing their identity data while preserving their privacy. It also lays the foundation for Trusted Data markets, a nascent industry category.

Credential Payments represent a pioneering feature in Self-Sovereign Identity (SSI), allowing on-chain settlements for Trusted Data that remains off-chain to safeguard privacy. This innovation enables users to securely exchange and transact their verifiable Trusted Data while protecting their privacy.

Expansion of cheqd services

cheqd offers various products and tools designed to facilitate seamless integration with the network’s identity and payment functions. Credential Service, for instance, is a scalable solution that simplifies the process of incorporating decentralized identities into existing applications. Additionally, a range of SDKs is available for more advanced users.

The launch of Credential Payments holds the potential to unlock new business models and address the cold-start problem on the supply side, thus promoting the adoption of SSI. Organizations now have a direct financial incentive to issue credentials and Trusted Data, as Credential Payments enables recurring revenue from reused credentials.

As the cost of making credentials available to verifiers and receivers decreases compared to existing alternatives, more issuers are likely to enter the market, expanding its coverage. This creates a network effect as both sides of the market work to attract more participants.

cheqd’s identity network for payments has numerous use cases, with particular relevance in Finance and Education.

Value of Self-Sovereign Identity (SSI) in the AI era

SSI is poised to provide a valuable solution, particularly in an era of increasing regulatory scrutiny that requires global organizations to be responsible and accountable for user data.

Regulations such as the EU’s eIDAS 2.0 highlight the need for secure means to exchange identity data and attestations using Verifiable Credentials. Moreover, the rise of generative artificial intelligence has raised concerns about fraud, making it crucial for businesses to verify individuals using trusted data.

cheqd’s research suggests that the global SSI market could eventually exceed half a trillion dollars in value.

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Shiba Memu: $3M in presale screams buy now for this AI-powered meme

  • Shiba Memu brings AI to the crypto meme world.
  • The project has so far raised more than $3 million from investors.
  • SHMU’s price during the presale could be a huge bargain – priced at $0.028450 per token today. 

As the cryptocurrency market continues to play out the choppiness expected before the next bull cycle, analysts say this could be an ideal time to play out opportunities in the altcoin market. Investors are likely to consider several tokens offering an excellent buy-low scenario, and one place to look for the #1 contender for crypto gem of the year is the presale market.

Shiba Memu (SHMU) is among a few cryptocurrency projects that have attracted massive attention and interest from investors. The $3 million presale raise for this token so far suggests savvy investors know a thing or two about its potential. 

Here’s what you might want to know about Shiba Memu.

What is Shiba Memu?

$SHMU isn’t just another crypto meme token – it is a new token deploying an innovative marketing strategy as it seeks to become the dominant meme-inspired crypto. To achieve this the team behind the project are building a platform powered by artificial intelligence (AI).

According to the project’s whitepaper (accessible here), the target is to bring together a community of SHMU holders who can explore the benefits of incorporating blockchain with new capabilities enhanced by AI.

Shiba Memu’s AI play- how does it work?

Shiba Memu’s AI play revolves around offering an optimized marketing effort leveraging natural language processing (NLP) to power a dashboard that handles all the marketing goals of the meme token. 

Image and video recognition also play a role in monitoring the brand’s traction across social media and other online platforms.

Other aspects of AI come in the shape of predictive analytics, personalization and sentiment analysis. They are trends that have the capacity not just of transforming Shiba Memu into a top meme coin, but also offer crucial investment opportunities via increased community engagement and conversion.

Is it a good idea to buy Shiba Memu during the presale?

The $3 million allocated to $SHMU positions by early bird investors explains why Shiba Memu is trending today – the future of blockchain and AI.

Google, Microsoft, Meta and Nvidia all say AI will rewrite both the mainstream and crypto investment landscapes as currently structured. To illustrate their conviction, these companies have massive bets on revenue growth driven by artificial intelligence. 

In crypto, Shiba Memu stands out among projects leveraging AI to create a marketing powerhouse expected to drive gains for investors. $SHMU could thus overtake most meme tokens when its AI dashboard goes live. 

Analysts also say the explosive performances seen with the likes of Shiba Inu and Pepe suggest that a project that promises a robust ecosystem as Shiba Memu does could see significant traction relatively fast. 

SHMU’s price during the presale is largely a bargain buy at $0.028450 per token today. This price is uniquely programmed to increase every 24 hours, which means investors can pick when to make an entry.

Learn more about Shiba Memu here.

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Polkadot price prediction: Break and retest pattern forms

  • Polkadot’s DOT token has been in a strong bearish trend in the past few months.

  • There are concerns about the network’s ecosystem as activity slows.

  • Circle has now integrated USDC into its ecosystem.

Polkadot price has been in a strong bearish trend in the past few months amid rising concerns about the ecosystem. DOT token plunged to a low of $3.90 last week, down by more than 50% below the highest level this year. It has underperformed other popular coins like Bitcoin, Tron, and Ethereum.

Polkadot ecosystem woes

Polkadot is one of the leading players in the blockchain industry. Developed by an Ethereum co-founder, the platform makes it possible for creators to build parachains that are interconnected with other chains. Parachains are independent layer-1 blockchains that transcend limitations of other chains.

Over the years, many developers have won parachain slots in Polkadot’s ecosystem. Some of the most popular Polkadot parachains are Moonbeam, Clover Finance, Efinity, Litentry, Astar, and Phala Network.

The challenge for Polkadot is that most of its successful parachains have struggled to gain traction in the past few months. A good way to look at this is its DeFi ecosystem. A look at DeFi Llama shows that Moonbeam is its biggest player in DeFi with a TVL of just $52.4 million. 

Moonriver is the 75th network with just $8 million. Other networks like Astar and Karura have $44 million and $8 million, respectively. Therefore, the network needs to see more activity in the ecosystem.

The most recent Polkadot news was that Circle decided to add USDC in Polkadot Asset Hub. This is an important move since USDC is the second-biggest stablecoin in the world with over $26 billion in market cap. The statement added:

“Polkadot USDC is the official form of USDC for the Polkadot ecosystem, providing developers and users with access to a fully reserved, dollar-backed stablecoin that’s always redeemable 1:1 for US dollars.”

Polkadot price forecast

The daily chart shows that the Polkadot price has been in a strong bearish trend in the past few months. This decline saw it drop below the important support at $4.21, the lowest level in June and December 2022. It has also retested this level, which is a sign of a bearish continuation

Polkadot has remained below the 50-day moving average. It has also formed an inverted cup and handle pattern. Therefore, there is a likelihood that the coin will continue falling as sellers target the key support at $3.70. A move above the key resistance at $4.50 will invalidate the bearish view.

How to buy Polkadot

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Buy DOT with eToro today

OKX

OKX is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology.

Buy DOT with OKX today

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Base blockchain’s DeFi TVL surges as Aerodrome inflows rise

  • Base is seeing strong inflows in its ecosystem as demand rises.

  • The total value locked (TVL) has surged to over $420 million.

  • Aerodrome has seen inflows in its ecosystem soar.

Base, the recently launched layer-2 network, is seeing strong traction even as the crypto winter continues. On-chain data shows that the amount of cash deposited in Base’s ecosystems has jumped.

Data by DeFi Llama shows that the total value locked (TVL) in its ecosystem surged to over $420 million, making it the 10th biggest chain in the world. It has become bigger than some of the oldest chains like Cronos, Kava, Klaytn, Cardano, Fantom, and Algorand.

Base has attracted over 100 DeFi applications. Aerodrome, the biggest dApp in its ecosystem, stands at over $121 million. The other important DeFi applications in the ecosystem are friend.tech, Compoind, Curve DEX, Stargate, and Beefy.

For starters, Base is a layer-2 network that makes it possible for developers to build decentralised applications (dApps). Developers are already building applications in all industries like gaming, social media, and infrastructure.

An Ethereum layer-2 network is one that supercharges the performance of applications. It is a sidechain that reduces transaction costs and boosts its speeds. Base is able to handle over 10,000 transactions per second (tps) at much lower costs. It competes with the likes of Optimism, Polygon, and Arbitrum.

The most recent Base news is that the developers launched Pessimism, an open-source monitoring system that enhances the security of Base by detecting and responding to threats.

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Toncoin breaks into the top 10 after adding 30% in one week

Key takeaways

  • Toncoin has overtaken Solana and Tron to become the 9th largest cryptocurrency by market cap.

  • Toncoin began to rally following Telegram’s endorsement of the TON project.

Toncoin is now one of the top 10 cryptos by market cap

TON, the native coin of the Toncoin blockchain, has become one of the top 10 cryptocurrencies by market cap.

The coin has added 30% to its value over the past seven days, outperforming the other major cryptocurrencies in the process. At press time, the price of Toncoin stands at $2.53, up by more than 4% in the last 24 hours.

The sustained rally comes a few days after the messaging platform Telegram endorsed the Toncoin project. At the time, Telegram’s chief investment officer, John Hyman, said,

“We are putting digital ownership rights in the hands of our entire user base. While also giving TON projects the tools to reach our audience in the largest Web3/Web2 partnership there has ever been.”

Telegram is set to integrate the TON network into the app’s user interface. With the integration, the TON Web3 wallet would be available to over 800 million Telegram users via their settings.

BTC and others experience a positive performance

Bitcoin and the other major cryptocurrencies have also recorded positive performance in recent days. At press time, the price of Bitcoin stands at $27,111, up by more than 4% over the last seven days.

Other major cryptocurrencies, including XRP, Solana, Tron, Polygon, Litecoin, Bitcoin Cash, and Chainlink, have added more than 4% to their values over the last few days.

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