Shimmer: The Distributed Ledger Solution Crypto Has Been Waiting For

• Shimmer is a fully-functional Layer-1 staging network developed by the IOTA Foundation to provide a solution for data silos.
• It allows the deployment of IOTA’s Layer 2 smart contracts, DApps, as well as Web3 capabilities in a testing environment before introducing them to the mainnet.
• Shimmer offers feeless transactions and scalability that makes it an ideal solution for distributed ledger networks.

What is Shimmer?

Shimmer is a Layer-1 staging network developed by the IOTA Foundation to provide a solution for fractionalization wherein data silos can’t communicate with each other. It enables users to mint their own custom native tokens and NFTs and deploy IOTA’s Layer 2 smart contracts, DApps, as well as Web3 capabilities in a testing environment before introducing them to the mainnet. The good thing is Shimmer’s DAG base layer is absolutely feeless which means all its native tokens and NFTs will inherit the same qualities and security features.

Advantages of Shimmer

The major advantage of Shimmer Network is that it allows users to transfer assets between chains without needing to maintain large amounts of liquidity making them potential targets for cybercriminals. Furthermore, due to its feeless transaction feature, users don’t have to pay any fees while transferring tokens or NFTs on this network allowing maximum scalability with absolute security.

Significance of Stardust Tokenisation Framework Protocol Upgrade

The Stardust Tokenisation Framework Protocol Upgrade plays an essential role in turning the Shimmer Network into a Tangle-based multi-asset ledger. This upgrade offers various benefits such as enabling zero-knowledge proofs to be used across multiple parties at once and allowing privacy features like identity obfuscation where only one party holds identity information instead of every node having access rights.

Comparison with Other DLTs

Unlike other distributed ledger networks available in the market, Shimmer doesn’t suffer from fractionalization since its bridges don’t need separate coding, implementation, securing or maintenance process making it more cost effective than most DLTs available in the market today. Moreover, unlike some DLTs that require large amounts of liquidity for asset transfers between two chains which make them potential targets for cybercriminals; this isn’t necessary with Shimmer because it provides feeless transactions that ensure maximum scalability without compromising on security standards.

Conclusion

In conclusion, Shimmer Network has emerged as one of the most promising distributed ledger solutions providing myriad advantages such as enabling zero-knowledge proofs across various parties at once while also offering privacy features like identity obfuscation where only one party holds identity information instead of every node having access rights; all these features come together with absolutely no fees required making it an ideal choice among blockchain applications today.

Cardano Blockchain Upgrade: Enhanced Security & Efficiency for ADA Community

• Cardano Node version 1.35.6 goes live on mainnet bringing further decentralization and dynamic P2P to the Cardano blockchain network
• New tracers, configuration options and Connection Manager component helps in making the blockchain more secure and efficient
• Dynamic P2P enhances node communication while improving network stability

Cardano Blockchain Upgraded with Version 1.35.6

The Cardano blockchain has recently undergone a major upgrade with the launch of version 1.35.6 on its mainnet. This new update seeks to bring further decentralization to the Cardano blockchain network along with adding peer-to-peer support, which will allow Cardano nodes to connect without relying on a central server or development network protocol.

What Should ADA Community Expect?

This latest update will strengthen the Cardano ecosystem, making it more robust and secure for users of the platform. The introduction of node 1.35.6 will also make it easier for other Cardano nodes to connect to each other by simply changing the “Enable P2P” setting in their configuration file with a new connection layout. Additionally, this upgrade includes several new tracers and configuration options such as Inbound governor and Outbound governor that are responsible for managing connections at different levels within the platform, thereby improving its security and efficiency even further.

Whale Activity Improves Showing Institutional Interest

Whale activity on the Cardano blockchain has also seen an upsurge since this update was released, indicating increasing institutional interest in ADA crypto assets held by large investors or whales in this case. This is great news for investors who look forward to capitalizing on these institutional trends in order to maximize their profits from investing in cryptocurrencies like ADA coins held by these whales.

Dynamic P2P Enhances Nodes Communication

The dynamic peer-to-peer (P2P) connectivity introduced with node v1.35 is also expected to enhance node communication on the Cardano blockchain significantly while maintaining network stability even under heavy load conditions due to its improved Connection Manager component that tracks all TCP connections made within the system oversees various timeouts associated with it as well .

Conclusion

All in all, this latest upgrade brings several advancements that shall improve user experience significantly while providing them with enhanced security features so as to ensure that their digital assets remain safe from any malicious actors trying to disrupt their activities on this distributed ledger technology (DLT). Therefore, investors should keep an eye out for any developments related to this cryptocurrency project as they could potentially benefit greatly from investing in such projects like ADA coins held by whales if they are able maneuver through market conditions wisely!

Cardano Launches Charity Stake Pool to Support UNHCR’s Aid Efforts

• Cardano is launching a charity staking effort to support the United Nations High Commissioner for Refugees (UNHCR).
• The move shows how crypto and digital assets can be drafted for social good.
• A self-sustaining charity stake pool will be created for prospective donors to commit their ADA tokens in order to power the UNHCR’s humanitarian efforts.

Cardano Launches Charity Staking Effort

Cardano is launching a charity staking effort to support the United Nations High Commissioner for Refugees (UNHCR). The move shows how crypto and digital assets can be used as an effective tool for social good. A self-sustaining charity stake pool will be created for prospective donors to commit their ADA tokens in order to power the UNHCR’s humanitarian efforts.

Non-Custodial Program

The Cardano Foundation has noted that this program will operate as a non-custodial system, allowing donors to make contributions without incurring any additional hassle or costs. Moreover, there is no limit on the amount of ADA that can be donated, with 3.5 million ADA coins already delegated by the Cardano Foundation and Switzerland Government towards this cause. The pool itself will be operated by Taurus, a Swiss-based digital asset infrastructure provider.

Crypto For Social Good

Cryptocurrencies have been increasingly used as donations to help those in need, with Cardano leading the way in this regard. Last year during the Ukraine – Russia war, hundreds of millions of crypto donations were sent including from Cardano itself along with other companies such as Binance exchange which sent $10 million worth of funds via BUSD tokens. This highlights just how powerful cryptocurrencies can be when it comes to extending aid and creating positive change globally.

Mutually Beneficial For All Parties Involved

Donating cryptocurrency is beneficial not only for those receiving aid but also for those donating it too; it allows them to contribute towards a good cause while also receiving additional rewards through staking their ADA tokens within the designated stake pool setup by Cardano and UNHCR.

Conclusion

These initiatives demonstrate how blockchain technology and cryptocurrencies can create new pathways towards helping others in need around the world; providing an efficient way of sending out aid while also offering incentives back at home through staking rewards earned from these contributions made on behalf of charitable causes worldwide

Polygon and Mercy Corps Partner to Fund Blockchain, Climate Action, and Secure ID Solutions

• Polygon Labs and Mercy Corps join forces to fund blockchain pilots, conduct hackathons, and educate communities on Web3 solutions.
• The initiative focuses on low-income individuals, underserved populations, and emerging markets.
• Mercy Corps Ventures have invested in over 41 early stage ventures and raised $335 million in follow-on capital.

Polygon Labs Joins Forces with Mercy Corps

Polygon Labs, the parent firm behind Polygon blockchain, has joined forces with Mercy Corps Ventures (MCV) to accelerate the use of blockchain-based solutions for low-income individuals, the underserved, and communities in the emerging market. The two players plan to fund blockchain pilots, conduct a series of hackathons, and run a blockchain bootcamp roadshow to spread awareness.

Mercy Corps Ventures’ Contributions

Mercy Corps Ventures have been actively piloting several Web3 solutions in order to responsibly test, de-risk and build the evidence base for promising cutting-edge innovation. All these solutions leverage Web3 for exploring nascent areas of their thesis. They are also using Web3 to build resilience for underserved individuals and communities. So far they have supported more than 41 early stage ventures in scaling up operations and raising over $335 million in follow-on capital investments.

Objectives of the Initiative

The goal of this initiative is to make practical use of blockchain technology for people living underprivileged lives across the globe. The focus is on equipping them with tools that can help them participate in the formal global economy while providing secure identities & incentives towards climate action through rewards programs & impact investing opportunities.

Benefits Of The Initiative

The benefits include: (1) Increased access to financial services; (2) Educational resources about how to use blockchain; (3) Incentivized adoption of climate action; (4) Secure identification systems; (5) Opportunities for investment & growth within billion dollar markets; & lastly (6), Improved quality of life via improved access & security measures built into applications leveraging polygon’s platform .

Conclusion

This joint effort between Polygon Labs & Mercy Corps Ventures comes at a time when there’s an increasing need for real world applications based on web3 technologies such as those provided by polygon that can ultimately lead us towards better economic inclusion through financial empowerment across all levels of society

Dogecoin Pumps 6.6% as Elon Musk Mentions ‚Dogs‘ on Twitter

• Elon Musk recently tweeted about Dogecoin and Shiba Inu, which resulted in a 6.6% surge for DOGE and 2.5% rise for SHIB.
• A Blockchain Research Lab study found that there was a 3% average price range increase in 47 events after a tweet by Musk.
• The 24-hour move of Dogecoin has been between $0.0832 and $0.0872, however it could not reach the key resistance level of $0.09 before retracing again.

Elon Musk’s Tweet Causes Price Surge

Twitter CEO Elon Musk sent shockwaves through the crypto world after he posted a joke tweet about Dogecoin (DOGE), causing its price to surge by 6.6 percent while Shiba Inu also jumped 2.5 percent higher in response to the news.

Musk’s Influence on Crypto Prices

According to a study conducted by the Blockchain Research Lab, an average 3 percent price range increase can be observed across 47 different events following tweets from Elon Musk related to cryptos.

Dogecoin Movement

The 24-hour movement of Dogecoin has seen prices fluctuate between $0.0832 and $0.0872, though it failed to break past its key resistance level of $0.09 before beginning to retrace again shortly afterwards..

Community Notes Post

In anticipation of Elon Musk’s tweet, Community Notes posted „Starting today, you’ll get a heads-up if a Community Note starts showing on a Tweet you’ve replied to, Liked, or Retweeted.“ Some users believe this post may have hinted at some new feature introduced into Twitter which caused investors‘ interest in meme coins such as Dogecoin and Shiba Inu to peak significantly higher than usual..

Conclusion

It appears that whenever Elon Musk makes any kind of public statement regarding cryptocurrencies such as Dogecoin or Shiba Inu, investors are quick to act upon them resulting in sharp surges in their respective prices within minutes of his announcements being made public..

Sony and Astar Partner to Nurture Web3 Projects, Accepting Apps Now

• Sony Network Communications and Astar Network have announced a partnership to launch a Web3 Incubation Program for NFTs and DAOs.
• The program will begin accepting applications from February 17th and is set to run until mid-June.
• Sony and Astar are collaborating with Startale Labs, a Singapore-based incubator, to review the best 10-15 projects for incubation.

Sony & Astar Partner For Web3 Incubation Program

Sony Network Communications and Astar Network have joined forces to nurture Web3 projects based on Non-Fungible Tokens (NFTs) and Decentralized Autonomous Organizations (DAOs). Starting February 17th, they will be taking in applications for their incubation program which will run until mid-June.

Collaborating With Startale Labs

The two companies have partnered with Startale Labs, a Singapore-based incubator, to review the best 10-15 projects for incubation. Sota Watanabe, CEO of Startale Labs and Astar Network said: “We are pleased to launch the Web3 incubation program with Sony Network Communications, one of the Sony Group’s companies, which has been involved in the NFT sector and other Web3 initiatives within the Group. We hope to share the knowledge and resources of both companies to provide value to the participants selected for the program and create new use cases and projects.”

Web3 Industry Explodes In Popularity

The growth of blockchain technology has pushed traditional internet companies towards upgrading their platforms in order to remain relevant in an increasingly competitive market. Mainstream adoption of blockchain technology is expected through traditional Web2 companies that invest in this nascent industry. Henceforth, several veteran crypto projects have already taken up this challenge by providing deep liquidity options as well as expertise on global regulatory frameworks.

Benefits of Partnership

This strategic partnership between Sony NetComms & Astar network promises great benefits for startups looking forward into exploring opportunities within web 3 space. Moreover, it gives aspiring entrepreneurs access to resources from two major players that could help them shape their products better so that they can easily penetrate into mainstream markets without any issues related with liquidity or regulations from different countries that may be encountered otherwise.

Conclusion

This collaboration between Sony NetComms & Astar network is an excellent opportunity for developers who desire to explore opportunities within web 3 space with access to resources from two major players that could help them shape their products better so that they can easily penetrate into mainstream markets without any issues related with liquidity or regulations from different countries that might be encountered otherwise.

SEC Fines Crypto Exchange Kraken in Latest Attack, Industry Responds

• The US Securities and Exchange Commission (SEC) has launched an attack on crypto exchange Kraken, forcing them to halt their staking program and pay a $30 million fine.
• In response, the Washington DC-based Blockchain Association issued a statement that the SEC’s action is part of the ongoing attack on the industry.
• SEC Commissioner Hester Peirce has criticized the agency, stating that action affects potential of public blockchain networks in country.

SEC Launches Attack On Crypto Exchange Kraken

The US Securities and Exchange Commission (SEC) has launched an attack on crypto exchange Kraken, forcing them to halt their staking program and pay a $30 million fine. The SEC argued that Kraken failed to go through the needed registration of their staking-as-a-service program, which allowed users to take part in the validation process by locking up their assets in return for a reward.

Blockchain Association Responds To SEC Actions

In response to this action taken by the SEC, the Washington DC-based Blockchain Association of over 100 crypto companies issued a statement that this is part of an ongoing attack on the industry. Led by CEO Kristin Smith, they have urged lawmakers in Congress to prevent such actions as it forces some crypto companies offshore and takes away online freedoms from individual users.

SEC Commissioner Criticizes Agency

SEC Commissioner Hester Peirce also criticized this decision taken by the agency as it affects potential of public blockchain networks in country. She stated that such decisions should be determined by legislation rather than regulators so as not to drive innovation offshore or take away online freedoms from individual users.

Staking Important Part Of Crypto Ecosystem

Staking is an important part of any crypto ecosystem as it allows individuals to participate in decentralized networks and gives investors more options to earn passive income. Therefore, blocking access to staking services can be detrimental for both investors and businesses alike who are looking for new ways to grow within cryptocurrencies space.

Conclusion: Need For Appropriate Legislation

It is clear from these events that there needs to be appropriate legislation drafted when it comes blockchain technology so as not give too much power over its regulation into one body’s hands like with what happened with Ripple Labs case against SEC where if they win would spell doom for entire sector. Therefore understanding that cryptocurrency is still relatively new technology is essential for promoting its growth without restrictions or fear of repercussions due legal matters

Take Your Crypto Trading to the Next Level with LearnFX!

• LearnFX is a great website for people to learn about cryptocurrencies and trading in general.
• LearnFX provides educational material such as Terminology, Guides, Strategies, Indicators, and Courses.
• LearnFX stands out from the rest as it provides educational material that will help people learn not only about crypto, but also trading in general.

With the rise of cryptocurrencies, many people are starting to look at this new asset with more serious eyes. Experienced traders, who usually trade with Forex and Stocks, have also started to include cryptocurrencies in their trading portfolios. But the majority of people who have started to join the crypto market are newcomers with little to no experience in trading. Because of this, many newcomers are looking for websites and platforms where they can learn everything about crypto and trading. For this reason, this article will provide a list of the top 3 sites where people can learn about cryptocurrencies and trading.

LearnFX is one of the best sites for people to learn about cryptocurrencies and trading in general. This website takes education very seriously and has an expert group of people working on the site in order to provide the highest quality of educational material possible. When visiting LearnFX, users will be able to receive a wide range of information and their ‘Learn to Trade’ section is a go-to place for people who want to learn about crypto and trading. In this section, users will be met with categories such as Terminology, Guides, Strategies, Indicators, and even Courses. Through these categories, users can choose whichever they are interested in and they will be provided with a wide range of topics and guides related to everything related to trading.

What makes LearnFX stand out from the rest is that when learning from this website, the educational material provided to users is built in a way that will help them not only learn about crypto and crypto trading, but also trading in general. Since the cryptocurrency market is a financial market, there are a lot of similarities between it and other financial markets like Forex and Stocks. Because of this, LearnFX provides educational material that will help users learn about trading in general, not just about crypto.

Another great website for people to learn about cryptocurrencies and trading is Crypto Compare. This website provides users with a wide range of information about cryptocurrencies, from the basics of what cryptocurrencies are to the more advanced topics like trading strategies and technical analysis. Crypto Compare also provides users with real-time data and news about the crypto market, which is essential for traders who want to stay up to date with the latest market movements.

Finally, Trading View is another great website that people can use to learn about cryptocurrencies and trading in general. On this website, users will be able to find a wide range of educational materials, from the basics of cryptocurrency to more advanced topics like charting and technical analysis. Trading View also provides users with the tools they need to make informed trading decisions, such as charting tools, technical indicators, and trading ideas.

In conclusion, these three websites are great for people who are new to the crypto market and are looking to learn about cryptocurrencies and trading. They provide users with a wide range of educational materials, from the basics of what cryptocurrencies are to more advanced topics like trading strategies and technical analysis. Furthermore, these websites also provide users with the tools and data they need to make informed trading decisions.

Shiba Inu (SHIB) Surges Up To 60% Since Start of 2022, More Gains Ahead?

• Shiba Inu (SHIB) has recently surged by 17% in Wednesday’s market bounce and is up by more than 60% since the beginning of 2022.
• The Relative Strength Index (RSI) reading for SHIB jumped to 86, which is 16 points above the overbought threshold of 70.
• Shiba Inu has formed a falling wedge pattern on the weekly chart, hinting at the possibility of another 75% rally from here.

The world’s second-largest memecoin Shiba Inu (SHIB) has been showing strong momentum recently in the market with its price surging by 17% in Wednesday’s market bounce. This impressive rally is mainly attributed to the upcoming launch of Shibarium, which is a decentralized finance (DeFi) platform built on the blockchain. Since the beginning of 2022, the SHIB price is up by more than 60%, registering its highest price level since November 2022.

Based on the technical chart and the relative strength index (RSI) reading, Shiba Inu has been an excessively bought asset on a daily timeframe. On Wednesday, January 18, the RSI reading jumped to 86, which is 16 points above the overbought threshold of 70. Usually, an overbought RSI might prompt investors to book profits and unload their positions leading to price correction. Thus, Shiba Inu might drop back to its 300-day moving average of $0.00001120 as represented by the blue line in the above chart. As of press time, SHIB is trading at $0.00001123, just above its 200-day moving average.

However, it looks like the SHIB rally is far from over, as the currency has formed a falling wedge pattern on the weekly chart. A falling wedge is a bullish reversal pattern that builds up with the price trending lower inside a range defined by the descending, converging trendlines. If the price break above the upper trendline, it can be considered a bullish signal with further price gains ahead. Thus, with the increasing anticipation of Shibarium launch, Shiba Inu might be all set to break out and achieve the next $0.10 milestone.

Twitter to Launch Crypto Coin Purchasing Feature with Stripe

• Twitter is reportedly working on a feature to allow users to purchase crypto coins.
• This feature is powered by payment giant Stripe and allows users to support content creators of their choice at a small fee.
• Twitter has focused on the development of new features in the past few months including paid Twitter blue and the “Coins” menu item.

Twitter Inc., the social media platform co-founded by Elon Musk, is in the process of developing a new feature that will enable users to purchase crypto coins. The company is looking to partner with payment giant Stripe for the feature, which will allow Twitter users to support content creators of their choice at a small fee.

This comes at a time when the $44 billion valued company has been focusing on the development of new features in the past few months including paid Twitter blue and the “Coins” menu item. This new feature has been highly anticipated by the crypto community, especially with the recent surge in the prices of various cryptocurrencies.

Twitter has been trying to monetize its platform for the past few years, but the company has witnessed a huge slump in advertising revenue. This has led to the company being involved in several layoffs since Musk acquired the company last year. However, the “Coins” feature could be the key to diversifying Twitter’s revenue stream and helping the company gain more traction.

The launch of the “Coins” feature could help Twitter transition to the “everything app” Musk envisioned before the acquisition. This could potentially lead to an increase in usage of the social media platform, especially with the adoption of Web3 features.

Twitter has yet to provide an official comment on the development of the feature, but it is certainly an exciting prospect for the crypto community. If the feature is successful, it could potentially drive the price of Dogecoin to the $0.10 mark.

In the meantime, Twitter users can stay up to date with the latest crypto news by following us!