ConsenSys’ MetaMask Institutional Launches Staking Marketplace, Brings Leading Providers for Optimal Results
In recent years, staking has become an increasingly popular way for cryptocurrency holders to earn rewards and generate passive income. With the launch of staking marketplaces, the process has become more streamlined and accessible, bringing significant benefits to the cryptocurrency industry as a whole. MetaMask’s institutional version recently launched its staking marketplace as the regulatory perception of proof-of-stake tokens evolves.
ConsenSys Launches the First-Ever Marketplace for Institutional Staking
MetaMask Institutional, which is ConsenSys’ web3 wallet designed for organizations, has announced the launch of its institutional staking marketplace today. In collaboration with Allnodes, Blockdaemon, and Kiln, the first multi-custodial institutional web3 offering on the market will leverage ConsenSys Staking, along with ConsenSys’ own technology.
According to ConsenSys, a key feature of the new staking marketplace is the standardization of terms and conditions. Johann Bornman, the product lead for MetaMask Institutional, stated that fee rates would be straightforward to access and compare. Johann said:
“It’s really hard for institutions to decide which provider to go with — the average spent on that is up to twenty hours. And you also have this very complex decision to make between different terms and conditions and different features across different staking providers.”
The introduction of the new staking marketplace coincides with Ethereum’s highly anticipated Shanghai hard fork, which project officials have also dubbed “Shapella.”
With the announcement of its institutional staking marketplace, MetaMask Institutional has become a potential gateway for the establishment of fresh Ethereum validators among its institutional clients.
Organizations utilizing MetaMask’s professional wallet and custody solutions will now have the ability to oversee their ETH staking through a selection of four providers: ConsenSys Staking, Allnodes, Blockdaemon, and Kiln.
Since October 2021, MetaMask Institutional (MMI) has been operational, offering an advanced platform tailored to organizations and businesses that provides a broader range of controls and functionalities.
Bornman noted that there had been a shift towards 32 ETH staking from liquid staking, which he attributes not only to Ethereum’s Merge in 2022 but also to the upcoming Shanghai upgrade.
After the Shanghai hard fork upgrade, Ethereum validators will be able to withdraw their staked tokens and access their earned staking rewards. This development will be a game-changer for solo stakers who have staked the required 32 ETH, as they previously could only deposit and withdraw smaller amounts of ETH through LP pools. Bornman said,
“Our focus is to solve for ETH2 staking given how important we believe data validation of Ethereum is today and will be in the future. We have designed the service to be able to simply and seamlessly expand onto on-chain ETH staking solutions.”
MetaMask Institutional initially granted institutions access to DeFi pool staking via popular Lido and Rocket Pool protocols in January 2023, offering them an entryway into ETH LP pool staking.
Ethereum Set to Surpass Bitcoin as the World’s Leading Cryptocurrency, According to Raoul Pal
Raoul Pal, CEO of Real Vision, believes that rather than seeing cryptocurrencies as assets, investors should see them as digital nations. In a recent blog post, the former Goldman Sachs executive claimed that crypto ecosystems are networks that create both intrinsic and extrinsic value. He argues that the foundation of the Bitcoin (BTC) network is the idea that BTC is an autonomous monetary system free from the corrupting influence of governments.
Pal said that it fiercely defends the integrity of the protocol of how its society operates and, as a result, avoids innovation in the interest of preserving purity. He cited an example of the Bitcoin market as the Catholic Church during the Middle Ages or the gold-bug subculture. In the Bitcoin economy, Bitcoin is the lone asset that exists. Hence, the only option one has if you want to invest money in this market is to HODL (hold on for dear life) Bitcoin.
In comparison, according to Pal, the Ethereum (ETH) network is more like the intricate American economy. In this system, one can begin by buying ETH, which has a deflationary supply, or an amount that gets lesser with time. Since value must be maintained and not debased, its ‘central bank’ (the staking) follows prudent monetary policy.
Pal points out that staking ETH is comparable to buying US Government bonds, whereas decentralized finance (DeFi) can be compared to the riskier banking industry. He forecasts that over time, the Ethereum economy will grow to be larger than the Bitcoin economy due to its higher level of complexity. Pal also contrasts the economics of XRP and Ethereum rival Solana (SOL) with those of their respective home countries.
“Solana on the other hand might be South Korea just after the Asian crisis when its currency and equity market came crashing down. It was an unmatched opportunity that outperformed both the USD and SPX for six years. However, it did not stand the test of time. It failed to continue the outperformance. Who knows how Solana will play out.”
Leading Media Company CoinDesk Explores Sale Options Amid DCG Crisis
CoinDesk, a leading media, and events company has engaged investment bank Lazard to explore potential buyers as its parent company, Digital Currency Group (DCG), struggles to meet its financial obligations. As CoinDesk faces an uncertain future due to the crisis at DCG the company is seeking other sale options through Lazard.
CoinDesk is a reputed media and events company that covers the digital asset and blockchain space. It was founded in 2013 & it has established itself as a trustworthy source for industry news, analysis, and research. The flagship product of the company is the CoinDesk Bitcoin Price Index (BPI) which is widely considered to be the most reliable and accurate measure of the cryptocurrency’s price.
Despite its solid reputation, CoinDesk is now facing an uncertain future as the crisis at the parent company – DCG is unsettled. DCG, which owns CoinDesk, has been hit hard by the recent market downturn and is said to be struggling to meet its financial obligations. So as to cope with the situation, CoinDesk has engaged investment bank Lazard to explore potential buyers for the company.
CoinDesk has a strong brand and a loyal audience which will continue to make the company valuable to potential buyers. Moreover, its flagship BPI is a valuable tool for investors, traders, and other market participants, providing them with a reliable way to track the price of Bitcoin.
CoinDesk is a reputable and reliable source of information for digital asset and blockchain industry news, analysis, and research. It has a strong team and a loyal audience, hence finding a valuable buyer will be easy for them with the help of Lazard. The current situation at DCG is uncertain but it won’t stop CoinDesk to expand its business in the industry.
This Web3 Leading Bug Bounty Platform Cracks Down On ChatGPT- Cites Lack Of Validity
OpenAI unveiled ChatGPT, a long-form question-answering AI that answers complex queries in a conversational manner. It’s a ground-breaking technology since it’s been taught to understand what people mean when they ask questions.
Many users are in awe of its capacity to deliver responses of human-quality, which gives rise to the idea that it might soon have the ability to revolutionize how people interact with computers and alter how information is retrieved.
However, this technology has been stirring up trouble in a lot of different aspects. Here’s Why.
Immunefi has banned 15 ChatGPT-Generated Bug Reports
Immunefi is a bug bounty platform that focuses on web3 and smart contract security, with the objective of making web3 secure for all. Blockchain and smart contract projects can use Immunefi’s bug bounty hosting, consultation, and program management services. It has grown to become the leading bug bounty platform for web3.
In a recent tweet by Immunefi, it mentioned that it has banned 15 people so far for submitting ChatGPT reports.
Additionally, Immunefi engineers emphasised that there are differences between ChatGPT and services like GitHub Copilot. With the former, you are in control of the process, and Copilot’s job is to make contextually relevant suggestions that you can accept or reject as you write your program. With the latter, you are using a single prompt to produce what initially appears to be a well-written bug report but is ultimately unintelligible.
Immunefi went a step further and asked ChatGPT why the program shouldn’t be used to generate bug reports, receiving a “satisfying response” and have shared the same on Twitter.
Immunefi stated that it will continue to watch ChatGPT-generated reports as they become more sophisticated.
Will they lift the ban?
In the future, Immunefi might think about lifting the ban on the submission of AI-generated bug reports. “We will keep an eye out for the development of AI tools, and we will consider unbanning their use if they are ever capable of generating real bug reports” they recently said. But for now, the ban is in effect.
To conclude, the use of AI for these types of reports has its pros and cons. With some of the pros include efficiency, scalability, and consistency. But at the same time with cons like lack of context, and inability to understand or comprehend.
OnePlanet, NFT MarketPlace and Sandbox Network Team up to Help Expand MTDZ, Korea’s leading YouTube Network
OnePlanet, a Polygon based NFT marketplace partnered with Sandbox Network to support and expand MetaToyDragonZ (MTDZ), the most prominent YouTube Multi-Channel Network in South Korea.
With the partnership, OnePlanet will support MTDZ to expand to the Polygon ecosystem and reach a broader range of global users. OnePlanet will also provide launching and marketing support to Meta Toy City, a P2E game project based on the IP of MTDZ. This will involve offering minting and marketplace service, based on the experience of collaborating with key game projects on Polygon such as Derby Stars and Tower Token by Animoca Brands.
Sandbox Network is the leading YouTube Multi-Channel Network in South Korea, with more than 3 billion monthly views of content created by its partners in the gaming, entertainment, and sports industries.
Sandbox Network has created the NFT Meta Toy DragonZ on Klaytn and connected creative individuals to the vibrant Web3 community. To further their ecosystem, they plan to launch Meta Toy World (MTW) and incorporate multiple blockchain-based games and metaverse projects.
Testing the limits of the blockchain realm
Furthermore, OnePlanet has agreed on future partnerships to onboard promising Sandbox Network projects to the Polygon ecosystem. By leveraging the Polygon network and OnePlanet platform, projects can benefit from the advantages of a secure blockchain infrastructure, the ability to tokenize and trade digital assets, and the opportunity to collaborate and create meaningful experiences with users.
OnePlanet is committed to expanding the uses of NFTs and providing an accessible platform for developers and creators. Its mission is to create an NFT platform that allows holders to build, share and discover more possibilities with their NFTs. OnePlanet also engages in partnerships with promising projects to provide technical and ecosystem support, such as minting services and marketing support.
According to OnePlanet CEO, Pryce Cho, “We are pleased to bring great partners to Polygon, the most suitable ecosystem for projects to expand globally. OnePlanet will continually support our partners to settle and grow on Polygon.”
Through its partnership with Sandbox Network, OnePlanet is set to provide developers and creators with the necessary tools to create and explore the possibilities of NFTs.
Analysts Suggest Sparklo (SPRK) As The Leading Coin For 2023 Over Zilliqa (ZIL) Or Dash (DASH)
Zilliqa (ZIL) and Dash (DASH) have been on a price decline for some months. This has led its investors to leave. Investors are searching for cryptocurrencies that have actual use cases and practical utilities and can also provide immense gains.
Despite being in its presale, analysts suggest Sparklo be the top choice for investors in 2023. This is because Sparklo presents a unique utility that has captured the attention of investors and market analysts’ attention.
Zilliqa (ZIL) Coin Might End The Year On A Decline
While most coins were making all-time highs in 2021 during the spring bull run, Zilliqa (ZIL) managed to achieve a price of $0.23, after which it fell drastically. Zilliqa (ZIL) attained a price of $0.13 by May, after which it continued falling.
By July’s end, Zilliqa (ZIL) showed some recovery signs and started growing with the crypto market. However, by 2022, Zilliqa (ZIL) was affected by the crypto winter, which saw the token drop tremendously.
Zilliqa (ZIL) trades at $0.02 after a -7.36% price decline in the last 24 hours. But, a further look at the previous seven days shows that Zilliqa (ZIL) couldn’t have a price reversal as it lost 33.22% of its total value.
Dash (DASH) Investors Seek Alternative Investments To Boost Their Portfolio
After Dash (DASH) made its debut in 2014, Dash (DASH) had a massive surge from April to May, when its price soared from $5.847417 to $15.9679. This surge shows the considerable interest it gathered from the cryptocurrency community. From 2014 to 2016, it experienced slow growth as it hovered between $15 and $25.
From 2017 to 2021, Dash (DASH) experienced several fluctuations as it hit an all-time high of $1,642.22. But, after achieving its all-time high, Dash’s (DASH) price began to decline by late 2021, and by 2022 it was hit by several market sentiments, which saw its price drop massively.
Dash (DASH) currently stands at $35.41 and has reduced its price by 38.24% in the last 90 days. With such data, investors are more relaxed about a bull run in the coming months.
Analysts Predict Sparklo (SPRK) To Lead In 2022
With Sparklo, investors can now have a platform to trade and invest in NFTs linked to real-world assets such as gold, silver, and platinum. Sparklo is just in its first stage of presale and goes for a price of $0.013, and analysts predict that it has the potential to deliver bountiful gains than Zilliqa (ZIL) and Dash (DASH) in 2023.
When investors buy a whole NFT, their assets will be delivered to their location. Additionally, Sparklo will partner with jewelry stores to ensure that investors and users can get discounts and first access to their assets. The developers also successfully passed an Interfi Network audit and will lock its liquidity for 100 years while ensuring that teams lock their token for 1,000 days. This makes Sparklo a safe investment for investors.
Sparklo might very well become a blue-chip cryptocurrency and has high growth potential. We recommend checking out Sparklo since investing early into solid projects is how to maximize profits.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
90% Sustainable APY From Oryen Network Is Market Leading, Unlike Uniswap Or Convex
People who can’t figure out how to generate income without working will never be genuinely wealthy. Obtaining passive income is becoming simpler thanks to the decentralized finance (DeFi) revolution. By providing investors with access to financial services that they were unable to obtain through TradFi, DeFi has made it simpler for regular people to generate passive income. If you want to invest in several cryptocurrencies but are not sure what to include in your portfolio, you can get help here.
You could invest in these three cryptocurrencies to make passive income: Oryen, Pancakeswap, and Uniswap. But which of these is the most sustainable? Well, according to the Business2community, Oryen is one of the best DeFi coins to buy.
Uniswap (UNI)
UNI has a wide range of functions. It is Uniswap’s native coin, a decentralized exchange that seeks to address liquidity issues. The Uniswap protocol benefits users by limiting risk and lowering costs for all parties, by automating the market creation process. Due to the fact that this technique does away with user identity restrictions, anybody can potentially construct a liquidity pool for any given pair of tokens. To formally establish Uniswap as a public, self-governing infrastructure that upholds its independence and autonomy, its governance token, UNI, was developed.
Convex (CVX)
Convex (CVX) is a DeFi system built on the Curve Finance stablecoin exchange. Curve liquidity providers and CRV stakeholders receive additional DeFi returns from Convex. In other words, Curve stakes benefit from Convex Finance.
When CRV is staked on Convex instead of Curve for veCRV, investors earn higher profits. The time-locked CRV that is used for management is referred to as veCRV. The more veCRV investors have, the more their liquidity pool can be leveraged to boost CRV dividends.
The Oryen Network (ORY)
With its innovative OAT (Oryen Autostaking Technic) system, Oryen offers investors a fixed APY of 90%, which is much higher than the industry standard. With ORY, investors start earning money as soon as they buy and hold it because the token is staked automatically from the wallet.
A rebase incentive of 0.177% is given to ORY token holders everyday. With the help of the three steps; buying, holding, and withdrawal, Oryen investors create passive income. Due to the compounding nature of interest, an investor in the Oryen network will get a higher APY, or Annual Percentage Yield, the longer they retain their tokens.
Another reason for using ORY tokens is their rising value. The price of ORY coins has increased by 200% recently. It demonstrates how the value of these tokens will increase once you obtain them.
Conclusion
The Oryen Network protocol offers a tremendous potential to generate passive revenue with less labor compared to Convex and Uniswap. ORY token owners can earn by staking them or by holding them as their value rises.
For More:
Join Presale: https://presale.oryennetwork.io/register
Website: https://oryennetwork.io/
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Why is Bitcoin Price Down Today? What is Leading to a Crypto Crash?
The crypto markets have been extremely bearish after undergoing a minor bounce in recent times. The brawl between the Binance CEO, Changepang Zhao(CZ) & the FTX CEO, San Bankman-Fried(SBF) has led the market to lose more than 10%-12% of the market cap in the past couple of days.
Presently, the FTT price has dropped by more than 73% to mark new lows at $4.36. Meanwhile, Solana’s price is also under heavy pressure as Bitcoin & Ethereum prices slump below $19,000 & $1400, respectively. However, the BinanceCoin (BNB) price continues to maintain its strength, registering a minimal loss of just 0.4% in the past 24 hours.
What caused a flip in market sentiments?
Well, there are larger concerns over FTX’s liquidity and its balance sheet, as they have turned down sharply ever since Binance announced liquidating all of their FTT tokens. As per some reports, the FTX balance sheet is down by nearly $6 billion, and the platform is trying hard to raise some funds to fill the gap.
The crypto markets have encountered a similar situation in the past couple of months while the Terra ecosystem crashed causing a 50% drop within the markets. Meanwhile, the assets have not completely recovered from the losses incurred then, and a fresh bearish market may compel the assets to find new lows in the coming days.
However, some analysts believe that the markets may not drop heavily as they did during the LUNA-UST crash as the reasons are a little diverse. Meanwhile, for the investors who were slowly gaining confidence back, the fresh sell-off may eventually enhance their distrust for a prolonged period ahead. Moreover, the regulatory scare may act as icing on the cake. Therefore, a bearish close for the year appears to be imminent.
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Snowfall Protocol leading the Pack! Band Protocol And Render Lack Behind After Successful Pre-Sale!
Cryptocurrencies are taking over traditional currency gradually. With the world moving towards newer innovations, one should learn to adapt.
The crypto space is solving and growing, bringing in more unique and innovative platforms. One of the most grossed platforms in the crypto space is Snowfall Protocol (SNW). Snowfall Protocol (SNW) is winning the hearts of investors with its great co-operational, user-friendliness, and higher estimated profits. This article will shed light on why Snowfall Protocol (SNW) is the talk of the town and a brief discussion on two other platforms to understand the crypto space better.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) was designed to be the first cross-chain token transfer environment for fungible and non-fungible tokens. Snowfall Protocol’s (SNW) dApp allows users to move assets between the most common Ethereum Virtual Machine (EVM) – and non-EVM compatible chains. Snowfall Protocol (SNW) is constructing networks enabling millions of individuals to connect to each blockchain.
Snowfall Protocol (SNW) emerged as a standout. Snowfall Protocol (SNW) is poised to dominate future endeavors, with its recent presale campaign still causing waves in the crypto sphere. Snowfall Protocol (SNW) sold 95,000,000 coins during the phase 2 campaign. The expected cost of $0.005 is currently around $0.015. The presale was a huge success, and people were very outspoken in questioning its presale during a bear run. Many observers were also concerned about what would happen to the new coin in this market if the market’s top dogs struggled to stay afloat.
Band Protocol (BAND)
A piece of software called Band Protocol (BAND) encourages a network of users to provide real-world data to decentralized applications based on blockchain (dapps). Band Protocol (BAND) offers this service to guarantee the proper execution of its smart contracts by rewarding a specific user group known as validators for providing and validating external data.
In this sense, blockchains like Chainlink, which, like Band Protocol (BAND), pay users to supply accurate data, are referred to as “decentralized oracle” systems, and the Band Protocol (BAND) is one of them.
To transmit information across various blockchains, including those built on Cosmos, Band Protocol (BAND), which was first developed on the Ethereum (ETH) blockchain, eventually established its blockchain using Cosmos technology.
Render Token (RNDR)
A blockchain-based effort called The Produce Network enables users to donate unused GPU resources to help applications render motion graphics and visual effects. Users get Render token (RNDR), the native utility token of the network, in return. By creating a peer-to-peer (P2P) network, render significantly streamlines the normal processes of rendering and streaming 3D environments and other visual effects. This allows individuals and organizations to efficiently and affordably use idle computer resources. As a result, the project provides a crucial framework for the metaverse’s upcoming digital goods and services.
The Bottom-Line:
For Snowfall Protocol (SNW), the presale strategy was spot on. Their presented statistics are so enormous that they merit praise and admiration for their sheer size, and they’re also evidence of the shocks they have in store for the crypto community and the wider globe.
Presale 2 is your chance to make up for missing out on phase 1 of the presale. Friends, ignore Snowfall Protocol (SNW) at your own risk.
For more information about the Snowfall Protocol’s (SNW) Pre-Sale, visit:
● Website: https://snowfallprotocol.io
● Telegram: https://t.me/snowfallcoin
● Presale: https://presale.snowfallprotocol.io
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Fazzaco Expo Dubai 2022 – A Leading B2B & B2C Gathering for the Global Fintech Industry
Fazzaco Expo Dubai 2022 will make its debut in Dubai on October 12-13, 2022 at Festival City-Festival Arena. It is a high-quality B2B+B2C event offering seamless networking opportunities for decision-makers, executives, managers, IBs, and traders across the financial and fintech industry, including PSPs, CRM providers, brokers, liquidity providers, trading software providers, white label providers, and blockchain companies, to name a few.
Various online / in-person events are here to happen, aided by LEDs and displays, with numerous onsite gifts and non-stop seminars, turning Fazzaco Expo Dubai 2022 into a fresh and lively financial show you’ve never seen before, allowing everyone to get more out of it.
Why You Shouldn’t Miss Fazzaco Expo Dubai 2022
– Free admissions. Fazzaco Expo provides free admission for all registered visitors. You can register it both on Fazzaco Expo site or at the entrance. To get fast access, we highly recommend online registration.
– Exciting prizes! Whether you are coming here to look for potential partners, clients, or just wanna stay tuned to the fintech industry, or maybe just want to browse a bit. You have the chance to win a prize too! We prepared loads of prizes from iPhone 13 Pro, to Samsung Galaxy S22 and even more!
– Much more networking Opportunities. About 10,000+ visitors will attend expo, it will be a great opportunity to grow your business network and meet your old friends.
– Most engaging content. Non-stop speeches and panel discussion will refresh your mind and make it possible to discuss with industry leaders face-to-face.
– Distinctively immersive experience. Eye-catching visual experience from 6 big LED screens brings you into an immersive Expo that’s totally different from what you’ve seen before.
Time: October 12 – 13, 2022
Location: InterContinental Dubai Festival City – Festival Arena
Expo link: http://expo.fazzaco.com/
Contact：[email protected]