Archive for the ‘Smart Contracts’ Category

EOS Price Prediction Ahead of the EVM Beta Launch – BanklessTimes

EOS price has done well in the past few days as investors wait for the upcoming launch of its Ethereum Virtual Machine (EVM) version. The coins price jumped to a high of $1.2738, the highest level since March 4 of this year. In all, the coin has jumped by over 30% from the lowest level in March.

There are three main reasons why EOS has jumped sharply in the past few weeks. First, as I wrote here, EOS announced that it will launch its EVM soon. An EVM is the computation engine for Ethereums network. In simple terms, it is the software that enables smart contracts functionality in Ethereum. As such, it enables interoperability in the ecosystem.

In a statement, the developers said that the EVM was around the corner after they launched the final testnet before the beta. The mainnet beta will be launched on Friday of this week.

As part of this rollout, the developers updated the tokenomics of the platform. Some of the top aspects of EVM tokenomics are that it will have increased utility through the use of EOS as the native token.

Further, there will be a trustless bridge that will allow EOS to be seamlessly transferred from EOS native to EOS EVM. Also, there is an upcoming burn mechanism that will burn all profits collected from running the RPC endpoints.

Read more: How to buy EOS.

Second, like other cryptocurrencies, EOS price has jumped because of the strong performance of Bitcoin and their cryptocurrencies. BTC price has held quite well above $30,000 while Ethereum moved above the resistance point at $2,0000 on Thursday. In most periods, these coins tends to have a close correlation with each other.

Finally, this rally is also because of the view among traders that the Federal Reserve will start going slow on rate hikes after its minutes warned of a recession. Data published also showed that the countrys inflation was falling.

The 4H chart shows that the EOS price has been in a strong bullish trend in the past few days. It managed to move above the important resistance level at $1.2532, the highest point this month. The coin has also moved above the 25-day and 50-day moving averages.

Therefore, EOS will likely continue rising as buyers target the important resistance at $1.3414, the highest point in March. This price is about 7% above the current level.

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EOS Price Prediction Ahead of the EVM Beta Launch - BanklessTimes

Cardano Maintains Robust Position In Grayscale’s Updated Fund – TronWeekly

In the latest updated Grayscale fund weightings, Cardano fared marginally better over the prior quarter with 28.13%. demonstrating a more robust presence in its GSCPxE Fund [Smart Contract Platform Ex-Ethereum Fund].

The worlds largest digital currency asset manager announced the first quarter of 2023 rebalancing in three funds- Grayscale Digital Large Cap Fund [GDLC], Grayscale DeFi Fund [DEFG], and Grayscale Smart Contract Platform Ex-Ethereum Fund [GSCPxE Fund].

A year ago, Grayscale Investments introduced the cryptocurrency fund for smart contract platforms excluding Ethereum [GSCPxE Fund], highlighting the growing interest among investors in alternative blockchain networks.

The Grayscale Smart Contract Platform Ex-Ethereum Fund, also known by the ticker symbol GSCPxE, is the asset managers 18th investment offering. The fund provides exposure to seven smart contract platforms which are the following:

Cardano [ADA], Solana [SOL], Avalanche [AVAX], Polkadot [DOT], Polygon [MATIC], Algorand [ALGO], and Stellar.

The surge of Cardano in Grayscale GSCPxE Fund investment demonstrates the layer 1 blockchains growing significance in the burgeoning smart contract ecosystem.

However, Cardano saw a small decline in the Grayscale Digital Big Cap Fund, with its share dropping from 1.86% in Q4 2022 to 1.69% in Q1 2023.

After undergoing a significant upgrade in September 2022 and incorporating smart contract functionality, the networks development continued to expand through 2023.

TheVasil hard fork, in question, paved the way for the rapid development of Plutus Scripts, a Cardano-based smart contracts platform. In just a few months since its launch in Sept, the number of smart contracts using Plutus reach 5,000.

At present, the figures crossed 5200 as per data provided by Cardano Blockchain Insights.

On the price front, ADA is exchanging hands at $0.38, down by 2% in the past day at the time of writing. The market cap of the 7th-ranked asset stood at $13.2 billion. Despite its dull price action, whalesremain bullish on the token continuing to fill their bags.

Overall, the crypto community is anticipating ADAs price to drop as a new feature on Milkomeda, Cardanos EVM layer is touted to allow users access to Ethereum Virtual Machine [EVM] smart contracts using ADA wallet.

Recently, Cardano founder Charles Hoskinsonaddressed concerns about the blockchains delayed updates. Refer here for more details.

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Cardano Maintains Robust Position In Grayscale's Updated Fund - TronWeekly

Ripple: Outside of the US nobody cares about SEC’s stand about … – Crypto News Flash

As the SEC vs Ripple case continues to drag on further, experts have shared their opinion regarding what merits this case holds. Much recently, Ripple CEO Brad Garlinghouse stated that no one really cares about the SEC suing Ripple outside of the global markets.

As we know, Ripple offers solutions like RippleNet and XRP-based instant settlements to its partners across the globe. Using its solutions Ripple facilitates low-cost instant cross-border transactions by leveraging the power of blockchain technology.

In his recent interview, Garlinghouse stated that governments across the globe like Switzerland, Singapore, Abu Dhabi, the UK, Japan, and others have provided clarity on how they view digital assets. Garlinghouse has previously stated that the US has been lacking majorly in providing clarity over digital assets.

In another development, a banking law expert Todd Phillips said that the Howey Test isnt the best way to judge whether an asset classifies as a security or not. You also need a contract, post-sale legal obligations, and the right to share profit. If this becomes the test, then crypto assets are most likelycommodities, giving the [Commodity Futures Trading Commission (CFTC)] jurisdiction, he said.

Phillips also added that using the Howey Test will not be useful to the SEC in terms of regulating the crypto industry, and will have much wider implications. If the SEC loses to this [argument], it could affect the SECs authority over non-crypto assets. Idk how deep a cut that would be, but the SEC wouldnt be happy. Anyway, my guess is this is the argument Coinbase will use when the SEC sues it, and imo that case, is going to [the Supreme Court of the US (SCOTUS)], he added.

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Despite all the legal hurdles that Ripple has been facing in recent times, Ripple has continued to expand its services Currently, Ripple is on an expansion plan and seeks to hire Product Managers for its Product and Delivery as well as the RippleX departments. The company has nearly 78 job openings across different departments. In its recent tweet, Ripple said that it is looking for innovative and zealous talent.

On the other hand, crypto whales have been accumulating more and more XRP tokens amid the latest developments taking place on the XRP Ledger (XRPL). In one of its recent announcements, Ripple unveiled a new proposal dubbed Hooks.

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Ripple added that Hooks is a proposal that will add smart contracts-like functionality to the XRP Ledger. It will be a Layer-1 custom code deployed to influence the behavior and flow of transactions.

As per the data from WhaleAlert, crypto whales have added more than 146 million XRP (approx worth $77 million) over the last 24 hours.

Crypto News Flash does not endorse and is not responsible for or liable 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 cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Ripple: Outside of the US nobody cares about SEC's stand about ... - Crypto News Flash

Beyond the grave: How deathtech startups are transforming what … – Tech.eu

A friend's mum died last week. She told me "I had no idea there would be so much paperwork."

When you're grieving, the last thing you want to do is deal with documentation, legalese, and people trying to shill you the ephemera that comes with funerals, like financially inflated coffins.

You might not want a funeral, much less a conventional burial. And then, there's the question of how you deal with digital assets, like social media, photo albums, neobanks, and crypto.

Fortunately, startups are here to help.

Guardian Angel (UK)

Guardian Angel was founded in 2017 to help people proactively plan for their death. The company has created a credit score for death, which tells customers how prepared they are for death and points out which insurance, legal and financial actions they can take to be better prepared.

It also has developed a support hub with private online communities for bereaved families and friends to get help, share memories and streamline communication in one place.

Guardian Angel raised $2.1 million in a seed round and was acquired by Octopus Group in December 2022.

Lemons Life (UK)

Have you written a will? I spoke to founder Alex Delaney who calls herself "the bossy death fairy". She founded Lemons.life after the death of her husband suddenly aged 34. Neither had written a will.

Dealing with complicated admin while coping with grief was a sour experience. So she partnered with experienced solicitors to help you write your will online or get an LPA.And it only costs 90 and takes about 20 minutes. It's cheaper and quicker than writing a will in person. (Stay tuned for an interview with Alex Delaney tomorrow).

Safe Haven/Inheriti (Brussels)Digital inheritance will be the hand-me-downs of the future. The blockchain crypto-space is young, both in age and investor demographic. With it comes a lack of concern regarding the loss of digital assets due to unforeseeable circumstances.

There's also the issue of an investor's lack of confidence with sharing a private key with heirs. Storing this information insecurely could lead to physical loss, theft, or even manipulation of assets.

Remember when crypto shyster Gerald Cotten died, taking the company password with him?

Inheriti aims to protect a deceased or incapacitated person's digital legacy and ensure their family/stakeholders can obtain access when necessary. A combination of blockchain, smart contracts, and patented hardware offers a significant safeguard to your loved ones' inheritance.

Settld (UK)Launched in 2021, startup Settld enables members of the public to notify a death to over 950 market-leading service providers across the UK, from banks and insurers to energy firms, mobile providers, subscription services, social media platforms and others.

Settld's free online service also helps users close, transfer or amend accounts and obtain date-of-death balances for probate.

Settld has raised 685K in funding over three rounds.

Closure (Netherlands)Closure, headquartered in the Netherlands, offers a service to cancel subscriptions, contracts and accounts of a deceased person.

It verifies a death certificate using its AI-driven software. Then a standardised 'first-time-right' notification is generated and transferred to the organisations.

The company has raised 1.8 million in funding over two rounds, most recently raising 1.5 million in July 2022 from a Series A round.

Tyde (UK)I'm sure I'm not the only person who doesn't want to visit a funeral parlour and deal with undertakers, and coffins. Tyde allows you to arrange a tailored funeral online from home.

Once you've made your arrangements, an online portal is available to complete the required paperwork. You can also create an online obituary, publish funeral details, and collect donations.

Tyde's transparency is significant. Unlike other funeral directors, it doesn't mark up product prices, meaning you get the fairest price on coffins, flowers and even the crematorium. Instead, it charges a fixed fee for its services, and that's it.

Life! (France)Life! is a company with a find-a-funeral director online platform, comparing services and prices within local regions in France.

Company founder Lilian Delaveau also envisions Requiem Code, a QR code app that personalises graves by displaying memories of the deceased person in AR when put on a tombstone. QR codes have been used in remembrance Asia.

Plotbox (Ireland)Plotbox brings burial-plot-as-a-service to B2B with its cloud-based death care management solution that supports cemeteries, funeral homes, and crematories.

It combines software to create infrastructure, such as a funeral director management portal and mapping using GPS and drones.

The company has raised $6.5 million in funding over seven rounds.

Bios Urn (Spain)

Bios Urn offers a greener alternative to a cremation urn that sits on the mantelpiece (who has a mantlepiece anyway?). Founded in 2013, it developed the world's first plantable sustainable urn. Each urn is biodegradable and plantable, with a capsule compartment to add a seed or seedling of your choice.

For those without a garden, never fear. There's also Bios Incube Lite, a container garden product that allows you to grow a tree using the remains of a loved one right in your own home.

Urns can be ordered for both humans and pets.

Capsula Mundi (Italy)Capsula Mundi offers human composting. The company has created an egg-shaped pod which is completely biodegradable, which the loved one is placed inside after they have died. The pod is buried with a seed that will grow into a tree.

Unlike a conventional cemetery, the trees are unmarked but plotted on a GPS system.

However, the company has hit several regulatory hiccups in Europe, where it's currently illegal to bury a body in an egg-shaped pod.

There's also the matter of ensuring that soil, water, and the local environment are not affected by any chemicals that leak from the body. Therefore, Capsula Mundi can only offer biodegradable urns in Europe at this point.

It may have more luck in the US, where a lack of explicit laws make home burials legal by default in many cities, provided you factor in zoning, the impact on home resales, and the contamination aspect. California, Washington, Colorado, Vermont, and Oregon have legalised human composting.

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Beyond the grave: How deathtech startups are transforming what ... - Tech.eu

Web3 projects set to benefit from AI – PingWest

Generative AI has created a lot of buzz and discussion on social media after the release of OpenAI's chatbot ChatGPT-4.

The buzz about ChatGPT's potential has also made its way to the Web3 community. Despite the fact that many shady new Web3 projects are hyping their native cryptocurrency token with AI concepts, several projects do seem to be truly serious about combing blockchain technologies with artificial intelligence.

For example, the cryptocurrency exchange and Web3 technology company OKX announced on March 31 that it would launch a new integration from EndoTech, which uses AI algorithms to capture volatility in the cryptocurrency market.

The algorithms utilize machine learning and other complex techniques in an effort to assess data and trade possibilities in real time.

The cryptocurrency exchange also twitted about how it creates functions of crypto wallet by using ChatGPT-4 like generative AI.

Likewise, others like fetch.ai, a decentralized marketplace for AI-based services and products. It enables users to pay for the automation of numerous functions, from peer-to-peer communication to energy usage control, using the native token FET. As its white paper suggests, it can employ smart contracts to carry out actions on behalf of AIs, which may be essential for merging ChatGPT-style bots with blockchain and cryptocurrency.

In addition to the existing AI models, more developers are deciding to concentrate their work on training new generative AI models.

Blockchain video delivery network Theta Labs has partnered with the artificial intelligence (AI) platform FedML to focus on the collaborative training of large-scale generative AI models. The partnership enables the Theta TV community to contribute personal preferences and compute resources in training and to deploy AI models to enhance personalized recommendations and advertisements.

The incorporation with EndoTech.io is just one illustration of how AI is discovering several applications in the cryptocurrency sector. It is also used for tracking blockchain transactions, deploying autonomous economic agents for trading, and more, in addition to identifying real-time market volatility.

ChatGPT can be integrated into the AI marketplace as a conversational interface to assist users with trade executions, providing market information and analysis, and handling account-related queries.

An example of such an application is SingularityNET. SingularityNET is a decentralized marketplace for AI tools. Developers can produce and distribute solutions to businesses, and other platform users can utilize via APIs.

A user of ChatGPT shared their experience with the tool on Twitter, demonstrating how the tool used Pine Script, a programming language used by the financial software TradingView, to develop a basic trading bot from a straightforward prompt.

A different user gave ChatGPT instructions to build a trading terminal. Using the API of the cryptocurrency exchange Binance, ChatGPT wrote code to show the current orders for the Bitcoin BTC and USDT trading pair (API).

AI can also help developers to write smart contracts for Web3 projects.

Smart contracts are coded using programming languages such as Python, JavaScript, and Solidity, which are designed for writing smart contracts on blockchains such as Ethereum.

However, smart contract programming remains a difficult task for developers because even minor errors in the code can have major repercussions.

The ability of ChatGPT to process natural language is helpful in this situation. Developers can write smart contract code in natural language using ChatGPT's AI, which can decrease errors and increase coding productivity.

For instance, ChatGPT's AI may assist developers in finding possible problems with their code by evaluating natural language inputs and making suggestions for enhancements or fixes. This can decrease the likelihood of expensive errors and increase the code's accuracy.

Another use case of generative AI is nonfungible tokens (NFTs). Since 2021, NFTs have been widely regarded as social identities by users. Companies like Yuga Labs have taken things a step further by enabling customers to access a metaverse environment using their Bored Ape Yacht Club NFT avatars.

The use of NFTs as digital avatars will increase as the metaverse development progresses. Today's digital avatars in metaverses, however, are neither intelligent nor resemble the user's expected personality in the least. With AI, NFT avatars will be able to learn from their users when intelligent NFTs are built.

Photo by Shubham's Web3 on Unsplash

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Web3 projects set to benefit from AI - PingWest