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Smart contracts should be viewed as “proof-of-concept” rather than as critical for universal adoption. That may mean exploring alternatives. Smart contracts have reshaped the possibilities of what blockchain and crypto can achieve, and we can all acknowledge that. That doesn’t mean they’re the be-all-end-all solution to widespread adoption. Being overzealous about any kind of innovation can also contribute to its stalling, or even failure if other factors don’t align. The mentality of assuming new technology is perfect and wondering why everyone hasn’t caught up to its genius is outdated. Not only does it create an adversarial relationship when inevitabilities, such as regulation, arise, but it also diminishes the motivation to improve on new applications to maximize their value. Smart contracts and companies building their products around their implementation are now nearing this impasse. So, what can be done to close these gaps and potentially set the stage for an alternative? The g...

Also Read: Nigerian SEC Calls Binance Operations Illegal in the Country advertisement X To Provide Creators A Huge Earning Op The “ Subscriptions ” feature is now live on X. Users can take advantage of it by applying for monetization and by setting their desired pricing. By offering subscriptions, user can provide their subscribers with high-value content by adding more personality to offerings and giving them extra attention, enhancing the overall experience for your audience. Creator Payments is another major tool on X as it now distributes Ad Revenue to content creators. However, To participate, users need to have Twitter Blue (now X blue). Notably, Ad Revenue has doubled, providing creators with more earnings. Additionally, creators with 15 million impressions over 90 days will soon get paid for profile visits, introducing another way to earn from their content. Digital products offer scalability as they can be easily reproduced and distributed...

After a judge ruled XRP not to be a security (in some cases), many cryptocurrencies like Tron (TRX) have soared. But it now appears that they are cooling off. On the other hand, one project currently in its presale run has bucked the trend and enjoyed tremendous gains – Tradecurve (TCRV). With its value already surging by 150% from its starting price, experts predict a 120% pump in August alone. Register For The Tradecurve Presale Why Is Tron (TRX) Coin Falling? Tron (TRX), a platform known for its focus on content sharing, faces challenges as bearish sentiment weighs on its price. Market analysis indicates that Tron is currently undergoing a period of consolidation, with prices struggling to gain upward momentum. The token’s popularity has drastically decreased over the past several days. Following a spike, the Tron coin saw a drop in trading volume, indicating a decrease in investor interest. At the moment, the trading volume of Tron sits at $141,675,258, down 4.53...

Bitcoin exchanges see the largest one-day exchange BTC inflow since the Silicon Valley Bank collapse. Bitcoin (BTC) returned to exchange s en masse on July 27 in a sign that “major volatility ” could come next. According to data from on-chain analytics firm Glassnode, intraday BTC exchange inflows have hit multi-month highs. Trader warns of BTC price volatility “spike” BTC price action continues to linger below $30,000, and traders have consistently warned that further downside could come next. At current levels, Bitcoin’s largest-volume investor cohort, the whales, appear to be in a state of flux in an unclear market. Now, with large tranches of coins on the move in recent days, attention is focusing on entities sending funds to exchanges — with the implication that selling pressure could increase as a result. As noted by market observers, including James Straten, research and data analyst at crypto insights firm CryptoSlate, over 10,000 BTC in inflows on a single day represented th...

Phoenix’s IPO Discussions In UAE As a retailer of cryptocurrency mining hardware, Phoenix Technology is currently developing one of the Middle East’s largest mining facilities. If all goes as speculated, the company could be listed as soon as this year. However, sources caution that discussions are still ongoing, and details concerning the IPO ’s timeline and size remain flexible. advertisement It’s interesting that Phoenix’s plans to list coincide with a larger UAE effort to establish itself as a major cryptocurrency hub. Industry titans including Binance Holdings Ltd., OKX, and Bybit have been drawn by pro-crypto policies. Local cryptocurrency users think that the UAE’s business-friendly infrastructure is superior to that of the US when it comes to cryptocurrencies. According to Bloomberg, Phoenix operates more than 700 megawatts of power across the US, Canada, Europe, and the Middle East. In order to establish itself as a to...

The crypto market has hit a major obstacle, and this can have serious repercussions on projects that do not have a strong foundation. After the SEC’s recent lawsuit against Binance, cryptocurrencies like Binance (BNB) and Uniswap (UNI) have fallen severely. Therefore, investors have now turned toward Tradcurve, a new PR oject with a strong foundation, real-world use cases, and massive growth potential. It has remained immune to all bearish market conditions, and is cruising through its ongoing PR esale phase. Given its popularity and market acceptance, the PR oject is expected to grow by 100x this year . Register For The Tradecurve Presale Uniswap (UNI) Community Rejects LP Fee Proposal A majority of the Uniswap (UNI) community has rejected the proposal that was aimed at charging fees from liquidity providers on the network. The Uniswap proposal passed the temperature check in December. Those who voted against the PR oposal, which could have lessened the earnings of LPs,...

Vera Molnár pioneered the use of computer-generated art in the latter half of the 20th Century. Computer- generate d nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out during Sotheby's Dutch auction for 631 Ether (ETH), or around $1.2 million, in less than one hour.  Molnár's Themes and Variations #1 sold for 19.84 ETH | Source: Sotheby's According to the July 26 announcement, the "Themes and Variation" collection Features 500 collectibles via an algorithm combination of 170 color palettes and recursive grids. Auctioneers wrote: "Themes and Variations is an expansion of Molnár's 2% d'ordre generative protocol that explores the power of the grid and randomness of color. Molnár further developed the system by incorporating the appearance of letters (N, F, T), playfully chosen for this series as a reference to the technological vehicle of NFTs." Born in Budapest in 1924, Molnár was one...

Tim Draper elucidates his vision for Bitcoin’s transformative role in redefining the future of currency and commerce. Bitcoin (BTC) has become a focal point of discourse. Esteemed American venture capitalist, Tim Draper, has championed this discourse, asserting that Bitcoin’s emergence is ushering us into a transformative era that could potentially redefine the tapestry of currency and commerce . So much for my predictive abilities…It is June 30, 2023. When Bitcoin was $4000, I predicted it would reach $250k (60X) by now. It has only reached $30k (7X). I guess we have to wait a little longer, (maybe 2 years) but engineers are hard at work. #bitcoin #trust #freedom — Tim Draper (@TimDraper) June 30, 2023 Draper’s excitement for the future, as reported by Bitcoin Magazine, was evident during a recent interview with FOX News. He effused, “Bitcoin’s transformative impact on currency and commerce positions this decade as one of the most thrill...

Potential plaintiffs in the new lawsuit by ENF may need to opt out of other suits against Block.one to be eligible to participate. The EOS Network Foundation (ENF) is the latest entity to initiate legal action against major investor Block.one (B1) over failure to honor $1 billion investment commitment s. On July 25, ESN founder and CEO Yves La Rose took to Twitter to announce that the ESN is preparing a lawsuit against B1 for “ failure to follow through on its $1B commitment .” The CEO mentioned that Block.one is already working to settle another class action lawsuit for $22 million, after rejection of a proposed $27.5 million settlement with lead plaintiff Crypto Assets Opportunity. “You may need to opt out to be eligible to participate in the ENF’s lawsuit,” he noted. According to La Rose, the United States’ class action lawsuit is still in the process of settling after being initiated back in 2017. The CEO also mentioned that plaintiffs who want to opt out of the lawsuit can con...

Shiba Inu is a meme coin that has gradually risen to become one of the leading meme coins. Over time, it has garnered a sizable community of supporters. The surge in its price and several developments have contributed to the formation of a dedicated community often referred to as the “SHIB army.” Also read: Worldcoin WLD Market Cap Surges to $350 Million, Price Doubles According to the latest data from IntoTheBlock, SHIB is emerging as a popular cryptocurrency for new investors. IntoTheBlock’s indicator in question centers around analyzing the ratio of new addresses engaging in their initial transaction compared to the total number of active addresses on a specific day. By doing so, it provides valuable insights into the proportion of overall activity within the network that can be due to newcomers. Shiba Inu investor interest surged from 30% to 65% Data shows a surge from 30% to 65%, indicating a spike in new investors’ interest in Shiba Inu. ...

SlowMist flags malicious phishing program on Apple devices, leading to 1.6M yuan theft. Phishing scheme bypasses Apple’s 2FA, granting full access to user accounts. Malicious app imitates legitimate ones on App Store to steal Apple ID credentials. Blockchain security firm SlowMist has flagged a dangerous phishing program lurking within an app in Apple devices that resulted in the theft of 1.6 million Chinese yuan. The malicious scheme, capable of bypassing Apple’s two-factor authentication (2FA), allowed the hacker to gain full access to user account and carried out unauthorized transactions. ️注意 Apple ID出现最新攻击案例 Apple store 出现恶意钓鱼程序，通过模仿正常应用程序盗取用户账号和密码，然后攻击者把自己的号码加入双重认证的信任号码，控制账号权限！ 这是一个非常高明的钓鱼方法，用来绕过苹果的 2FA！ 加密货币用户务必注意，因为目前有不少用户、钱包的备份方案是iCloud… pic.twitter.com/3Y9bz93NY8 — 23pds (@IM_23pds) July 25, 2023 The alarming discovery came to light when a distressed user took to V2EX, a popular Chinese online forum known for its tech-savvy co...

A CMOS-compatible neuromorphic computing chip could be on the horizon thanks to breakthrough research out of Technische Universität Dresden. Researchers from Technische Universität Dresden in Germany recently published breakthrough research showcasing a new material design for neuromorphic computing, a technology that could have revolutionary implications for both blockchain and AI. Using a technique called “reservoir computing,” the team developed a method for pattern recognition that uses a vortex of magnons to perform algorithmic functions near instantaneously. It looks complicated because it is. Image source, Nature article, Korber, et. al.,  Pattern recognition in reciprocal space with a magnon-scattering reservoir Not only did they develop and test the new reservoir material, they also demonstrated the potential for neuromorphic computing to work on a standard CMOS chip, something that could upend both blockchain and AI. Classical computer s, such as the ones that power our sma...

Tick tock, next block. The Bitcoin network passed block 800,000 with less than a year to go to the next block reward halving. The Bitcoin network has mined block 800,000, with just 40,000 left to mine before the network’s next mining reward halving. The 800,000th block contained 3721 transactions at 1.64 megabytes, with the price of Bitcoin (BTC) trading at $29,815 on July 24, as market researcher Dylan LeClair noted on Twitter: #Bitcoin block 800,000. pic.twitter.com/Yw9c6klqbY — Dylan LeClair (@DylanLeClair_) July 24, 2023 The milestone was widely shared across the social media platform on July 24, with Bitcoin proponents and industry commentators highlighting the milestone as an indicator of network security and resilience: The #Bitcoin network just produced block number 800,000. 800,000 block s without a central bank. 800,000 block s without a government. 800,000 block s without a CEO. 800,000 block s without asking for permission. pic.twitter.com/hf8RpC3jlP — Walk...

For crypto traders who prioritize self-custody, security, and peer-to-peer trading, Elbaite can be an option to consider. The Australian cryptocurrency exchange operates on a non-custodial model, allowing users to trade directly from their own crypto wallets. By embracing this approach, Elbaite not only aims to provide a safer trading environment but also offers cost-effectiveness and efficiency. Elbaite’s inception steps from the personal experiences of founders Morty and Samira Tollo, who encountered exchange hacks and other issues when using centralized exchanges. They created Elbaite peer-to-peer exchange that allows users to retain custody, that is, self-custody of their assets throughout their trading experience. As a platform built by traders for traders, Elbaite prioritizes user empowerment by providing a range of features, robust security as well as a user-friendly experience. Let’s explore the features, pros and cons of the Elbaite P2P crypto exchange. History and b...

Upland, a metaverse app, is collaborating with FIFA to offer fans an immersive experience of the FIFA Women’s World Cup Australia & New Zealand 2023, reports on July 21 reveal. Upland to launch FIFA Women’s World Cup in metaverse The partnership aims to engage the FIFA Women’s World Cup fan community. Supporters can have a fully immersive and unique experience of the FIFA Women’s World Cup Australia & New Zealand 2023 through the metaverse platform designed for the event. The metaverse platform features FIFA Women’s World Cup Australia & New Zealand 2023-themed Cafes, allowing fans to collectively socialize, chat, and support their teams, celebrating women’s football.  Additionally, the platform offers a collection of digital assets and highlights videos related to FIFA’s tournaments, which fans can experience in a gamified manner. This allows fans to acquire, trade, and complete different collections of digital assets, sh...

The “ Financial Innovation and Technology for the 21st Century Act ” is introduced by US House of Representatives Republicans Glenn Thompson, French Hill, and Dusty Johnson. Others such as pro-crypto Congressmen Patrick McHenry, Tom Emmer, and Warren Davidson are also named as key contributors. The bill introduced today is the latest version that’s signed, has a bill number, and will be marked up next week. advertisement It will provide clarity on the digital asset ecosystem and oversight of the crypto industry. The bill offers both the Securities and Exchange Commission  (SEC) and the  Commodity Futures Trading Commission  (CFTC) jurisdiction over the crypto industry in separate areas. Patrick McHenry , Chairman of the House Financial Services Committee, said: “This is a pivotal moment for America’s standing as the global leader in innovation and technology adoption. Not only can digital assets revolutionize our finan...