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Critical Privacy Vulnerability can Jeopardize 21 million Metamask Users Data, says Researcher

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Cryptographer and security analyst Alexandru Lupascu, the co-founder of OMNIA protocol, found Metamask vulnerable. During his recent research, he came across and pointed out that Metamask crypto wallet users could be in jeopardy and might lose all their digital assets.

In his recent medium article, he mentioned that he spent time with this team researching different NFT airdrop situations. They bumbled upon a scenario that could compromise the privacy of more than 21 million people.

“It’s quite a potent scenario, too, as it has the potential to be eight times more devastating than a Distributed Denial of Service (DDoS) attack. And I’m saying that after comparing it to some of the most notorious attacks to hit the news last year.”

Alexandru Lupascu

How dangerous is it?

Alexandru shows how a malevolent actor may create an NFT, transmit it to a victim, and acquire their IP address, putting their privacy at risk. This is a significant privacy flaw in the blockchain ecosystem that anyone may attack for as little as $50.

Do not undervalue the threat posed by IP leaks. Alexandru adds: if hostile actors obtain other information from the IP address (such as geolocation or GSM carrier), they may transform it into a physical threat, such as kidnapping.

Alexandru detailed how the invasion is carried out, from minting an NFT to sending it to the target, obtaining the victim’s IP address, and, finally, jeopardizing their privacy or stealing their crypto assets. He used the iOS Metamask software version 3.7.0 to test this attack, but it might also apply to Android.

Are the users safe now?

Alexandru identified the flaw in early December 2021, and after examining Metamask’s Mobile security policy, they contacted them on December 14, 2021.

They informed us that this is a known problem being addressed as part of a responsible disclosure schedule.

After the study went public, Daniel Finlay, the founder of MetaMask, verified the problem and pledged to resolve it as soon as possible. He also added, “Alex is right to call us out for not addressing it sooner. Starting work on it now. Thanks for the kick in the pants, and sorry we needed it.”

OTO Motors brings real-world car design into the Metaverse with its 3D NFT racing game

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OTO Motors, a new digital platform for racing and playing with 3D-car NFTs, introduces its OTOmobile NFTs designed like real cars. Applying physical car designs to its NFTs, OTO Motors offers a race-management experience for car enthusiasts and designers completely unrivaled in the digital space. 

As the physical world slowly begins to merge with the Metaverse, people are increasingly looking for ways to mesh the two, specifically in the car racing field. Aston Martin, one of the most recognized car brands in the world and a leader in automotive designs, recently released a collection of iconic NFT photographs. As the first Formula One team offering NFTs, Aston Martin’s Metaverse debut serves as a strong indication NFT racing is set to expand, and rapidly. For consumers to move their racing endeavors into the digital realm, the Metaverse will need physical-grade products to keep up.

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OTO Motors brings real-world car design into the Metaverse with its 3D NFT racing game 2

OTO Motors tackles this challenge by integrating real-world car designs into the Metaverse and upgrading the adventures of true racing enthusiasts. OTO offers a racing experience that consists of custom-designed NFTs, called OTOmobiles, with authentic car features developed in-house, similar to a real-world car manufacturer. Users enjoy an all-encompassing racing experience in the metaverse, with a fantasy-like racetrack and scenery. The cars are not bound by functional constraints that exist in the physical world, such as the need for headlights in the front of the car. Headlights and other functional exterior features become a design opportunity and can be placed wherever is deemed most aesthetic, enhancing the otherworldly feeling.

Drivers adjust their OTOmobile’s features in preparation for automated races that will be live-streamed on the platform. Participants will earn play tokens, called OTOKENs, which are dropped daily, allowing every member the opportunity to enhance their car. Similar to tokens on a standard smartphone game, they have no cash value, but facilitate a user evolution in the platform and access to car upgrades. A limited number of OTOmobiles from the presale event are available on Opensea, each having three different body kits, used to upgrade the car and increase the value of the NFT. The next round of mintings will begin in mid-January.

“Our cars are meant to simulate real-world experiences in the Metaverse, but also enhance them in a reality unconstrained by physical-world limitations,” says Chief Design Officer Eyal Melnick. “We want people to connect with the story of the Metaverse where things happen and look different and just experience the designs.”

Crypto Betting and Its Infrastructure in India

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Is Online Betting with Crypto Possible and Safe in India?

When it comes to online betting, one of the important factors to check on a site is the payment options. This determines how convenient your gaming experience will be. Fortunately, the majority of online betting sites today offer customers a plethora of payment solutions but now that many online industries are starting to adopt the use of cryptocurrencies, can you also bet with Bitcoin and other cryptos?

Definitely!

Cryptocurrency gambling has been practiced for a while now and many would say that it is convenient and safe. Cryptocurrency holders find that using Bitcoin or other cryptos is the best way to avoid restrictions or limitations that are in place in their location when it comes to gambling.

For example, in India, betting sites that don’t allow transactions if Rupees are prohibited. However, there is still no law that prohibits the use of cryptocurrencies in online casinos and bookies. This is why 10CRIC India Bitcoin betting is a hit in the country.

What to Consider When Betting with Crypto

While it is already possible to bet with Bitcoin, Ethereum, Cardano, and many other altcoins, there are still betting sites that don’t have this option yet. There are also gaming sites that only transact with their customers through the use of cryptocurrencies but most of the time, gaming options on those sites are a bit limited.

Aside from checking if you can use cryptos when betting on certain casino sites or bookies, there are also other important factors to consider. One of these is the reputation of the operator. You can easily check on this by visiting casino review sites. What’s great about going through review sites is that you get to have a deep insight as to how an operator treats its customers.

Most review sites these days are thorough when it comes to giving you all the details you need. It’s a one-stop place to check on details that matter like what payment options are available on the site, what real money games are offered, what kind of sports you can bet on, and many more.

It’s also best that you check on a site’s timelines for giving payouts to their customers. If you’ve been using cryptos for a while now, you probably already know that you may have to pay fees when processing payments. Generally, expect that minimal fees may apply when purchasing cryptos and transacting with them.

Many bettors would also consider how generous a bookie is concerning promos and bonuses. There are many types of bonuses that bookies would offer. Typically, for Bitcoin casinos and bookies, more bonuses are offered because they can afford to do so. On the business side of things, it’s mostly cheaper to process crypto payments compared to fiat currencies. With that, many of them are also trying to promote crypto transactions. Hence offering better bonuses to crypto users.

How Safe is Crypto Betting and What Are Its Other Advantages?

The majority of cryptocurrency users are quick to claim that usage of cryptocurrencies is the safest payment method. It is hard to manipulate Bitcoin transactions because it utilizes blockchain technology. Blockchain is a system of recording information that is impossible to change, hack, or cheat. Every transaction ever made with crypto is recorded and can easily be traced when needed.

Even if this is the case, privacy is still guaranteed because records will only show wallet addresses instead of the user’s actual information. That’s why many gamblers prefer using Bitcoin when playing online.

They get to avoid gambling-related transactions on their bank records. In some countries, people with gambling transactions in the past few months may not be allowed to take out loans or mortgages. With cryptos, this is something that they can avoid. Another advantage is that cryptos are still invulnerable to the impact of geopolitical tensions and government policies. There are only a few countries that have imposed a ban on the use of digital currencies and cryptos are decentralized in nature. This makes Bitcoin a versatile payment option.

If you’re traveling and you want to bet online, fiat currency exchange could be a hassle. You may also end up having less money value once you have your currency exchanged. All that can be avoided if you make transactions with cryptos instead. Since the recent all-time high of Bitcoin, many people showed more interest in cryptocurrencies and even NFT gaming. With that, we can expect that crypto usage will increase in the coming years. As this happens, more businesses including betting sites will be motivated to use cryptocurrencies too.

Binance NFT Marketplace set for the launch of Jimmy Choo collection

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Binance NFT Marketplace has been booming with a lot of new projects. In an announcement by the world’s biggest crypto exchange, it was revealed that Jimmy Choo will be releasing their NFT on the platform. The platform will be hosting the auction from 20th October.

Jimmy Choo will be releasing their NFT on the Binance Marketplace in collaboration with an artist from New York, Eric Haze. The famous clothing brand from Britain has teamed up with Binance, which will hold the sale from “2021-10-20 11:00 AM (UTC) to 2021-10-25 11:00 AM (UTC).”

Recently, we have observed a lot of firms shifting to the NFT industry, including McDonald’s China and even TIME Magazine.

Jimmy Choo NFT sale on Binance

The sale will be composed of two major events, both of which will happen at the Binance Marketplace. The first is the exclusive NFT auction, while the second is the sale of a mystery box series. These mystery box series will have the same price for every customer.

Regarding the technicalities, the world’s biggest crypto exchange mentioned in its announcement that the Jimmy Choo NFT collection will consist of 8,888 mystery boxes consisting of NFTs divided into 4 categories. These categories include a single Super Super Rate (SSR) NFT, super-rare cards, rare cards, and neutral cards.

On the other hand, the NFT auction will feature the tokenized version of the famous sneaker produced for the JIMMY CHOO / ERIC HAZE CURATED BY POGGY partnership.

NFT Marketplace booming

The NFT marketplace has been booming with a lot of action recently. We also witnessed the NFT collection by The Associated Press drop on the Binance network. This sale would consist of the historical events tokenized and made available for sale on the Marketplace.

With new firms entering into the world of NFTs, we have seen certain tokens getting sold for as much as $69 million. Artists, actors, and musicians have been actively participating in the industry, including Katy Perry, The Weeknd, DJ Paul Oakenfold, and Mila Kunis.

The World’s first community-driven NFT, manga & anime series on the Cardano Blockchain – ADA Ninjaz

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The ADA Ninjaz NFT is a collection of randomly generated 2D avatars. The designs are inspired by the popular Seinen anime art style, combining attributes from traditional ninja lore with modern-day clothing assets. The lore will be focused around a raging war between 3 individual clans (more details to come), each with their own unique identity and reason for fighting for their clan’s survival.

On top of collectible NFTs, ADA Ninjaz will be the world’s first community-driven manga series. Owners of ADA Ninjaz NFTs will be given voting power to decide the ultimate fate of each clan. Founded by two friends whose goal is to develop one of the strongest anime communities within the NFT space. We want to show the world how incredibly fun, intelligent, and powerful the anime community is and that all of us can do anything when united as one.

This is a tribute to the digital age, ADA Ninjaz is taking the themes of manga and anime that billions of people grew up in love with, integrating it with blockchain technology, and opening up a world of opportunities within the metaverse, both for developers and the future community.

VISION

Imagine a world where like-minded Ninjaz come together to engage, play, and just have good old fashion fun. Maybe it’s in the physical realm, with clan meetups to discuss the latest news on all things ADA Ninjaz and anime. Perhaps it’s in the virtual realm, where you can log in as your purchased NFT and fight in a battle royale-style tournament, or even attend a virtual music festival.

What if, instead of watching your favorite 2D anime on a computer monitor, you get to watch it in 3Dand from the point of view of your favorite character? This is the future and vision of the ADA Ninjaz ecosystem. We aren’t just bringing manga into the NFT-universe. We are striving for something so much more while respecting and appreciating the beauty of the NFT world and community. The ADA Ninjaz team aims to see Ninjaz merchandise worn by groups of friends around the streets.

For it to be represented at comic-cons and people to cosplay as their favorite ADA Ninjaz. And of course, to have developed multiple successful indie platformer games enjoyed by millions of gamers. These ambitions are big, but with you — the investors and supporters, the incredible people already associated with ADA Ninjaz, and of course, the wider NFT community, this is possible.

Sneak Peek 8
The World’s first community-driven NFT, manga & anime series on the Cardano Blockchain – ADA Ninjaz 5

WHY CARDANO?

Firstly, the whole of ADA Ninjaz thanks the team over at Ethereum who have been able to deliver an incredible smart contract platform for NFTs to thrive. Without such adoption, the ADA Ninjaz concept may not have had reason to exist.

That being said, it is well understood that the biggest constraint, by far, on the current Ethereum network is the network congestion and consequently high gas (transaction) fees. There are so many issues that come with this, from gas wars through to lost money from failed transactions.

For example, a recent NFT sale cost users $790,000 in failed Ethereum transactions. That alone is enough in transaction fees to purchase an entirely new set of NFTs!

But the biggest problem that we see too often is that smaller buyers (<$500 to invest in NFTs) are immediately priced out of most, if not all big NFT launches. Say you only have $200 to spend on NFTs this month, then paying the same, if not more, in gas fees to buy an NFT, isn’t plausible.

Ethereum is therefore currently a play area for the big boys with big money. That is unfortunately not fair for the smaller investors, the ones who want to grow their understanding of this space, grow their NFT collection, and more often than not, feel a part of a virtual community.

This is why we’ve decided to launch our NFT collectibles on the Cardano blockchain — so that the smaller players have a chance at owning their very own NFT and also be part of this amazing community.

Additionally, the ADA Ninjaz team believes in the Cardano ecosystem. It is okay that the Cardano ecosystem is still young, with smart contracts not yet really mature. We are young too. The beauty of a growing blockchain protocol is that we get ample time to also work on developing our product range and offering. The ADA Ninjaz Team is in this for the long haul.

CORE PARTNERS

NFT-Maker Pro will lead the development of the backend solution and help us launch our project on the Cardano blockchain. Having the Godfather of Cardano NFTs himself, Patrick Tobler and the team at NFT-Maker Pro, rest assured things will be as smooth as they can be on the backend front, as he is second-to-none when it comes to all backend solutions on Cardano.

Le4f Agency will lead the development of the front-end solution. Led by CEO, Kristian Portz, they will create a classic and timeless website for us to share the vision and story that is the ADA Ninjaz universe. With a superb team that is highly experienced in creating a user interface that is engaging, accessible, and most importantly in sync with the Cardano backend, this partnership will enable ADA Ninjaz to really take its front-end to the next level.

Ignacio J. Durruty – master storyteller. A sublime wordsmith, Ignacio possesses significant prowess when it comes to creating stories in fictional universes and screenwriting. His works have received a long list of accolades, particularly in the cinematic space, including, but not limited to:

• 2nd place – 2019 Barcelona Film Festival

• Finalist – 2019 Amsterdam Film Festival

• Finalist – 2019 Davinci Film Festival

• Semi-finalist – 2019 TMFF

• Official Selection – 2019 Las Vegas International film & Screenwriting Competition

Mirai Music Productions, a super Los Angeles-based music production duo that has been onboarded to develop an original soundtrack for ADA Ninjaz.Lead by Riccardo Lovatto and Jacopo Mazza, they will take charge of all things music, transcending written words into sounds and music that will be nothing short of breathtaking.

Riccardo, a music composer, is well-versed in the music of anime and manga, having lived in Japan for several years taught seminars at universities there, whilst playing at Jazz clubs all over the country. In 2018, his first recording “Shinnen” reached the “Top 300 All Genre” chart of Deezer South Korea. Hence, it is of no surprise that they are exactly who the ADA Ninjaz team was looking for to produce the OST.

Manga Panel Origins
The World’s first community-driven NFT, manga & anime series on the Cardano Blockchain – ADA Ninjaz 6

Unleash Your Inner Ninja!

Head on over to the ADA Ninjaz Discord channel and say hello!

Stay up-to-date with all things Ninjaz on Twitter.

Things to look forward to in the coming days and weeks:

1. The launch of the ADA Ninjaz website and official sale date.

2. The story and lore of the ADA Ninjaz universe.

3. Transparency in the initial allocations/giveaways of NFTs.

4. Development roadmap and whitelisting

For now, stay tuned, keep calm and be a ninja!

LaLiga opens its doors to NFTs as top clubs join Sorare

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The line between technology and mainstream occurrences seems to be blurring with the advent of new updates and developments. 2020 saw the rise of NFTs and the unsatiated appetites of collectors who paid millions of dollars to acquire them. According to new reports, NFTs have now added another feather to their cap by being introduced into the Spanish footballing world.

On Thursday, fantasy football platform Sorare revealed that it had partnered with Spain’s LaLiga to launch NFTs for all its players. The company’s announcement touched on the importance of adopting new-age technologies while allowing fans to become closer to their team. Another major highlight of the partnership would be the added revenue streams for the clubs and LaLiga itself.

With the likes of Real Madrid, Barcelona, and Athletico Madrid joining its roster, Sorare further plans to expand into more football leagues. Speaking about the partnership, LaLiga president Javier Tebas said:

“At LaLiga we are always looking for innovative ways to offer our fans new and exciting experiences and to broaden the appeal of our competition, the greatest in the world. This partnership with Sorare, the most exciting sports NFT projects today, enables us to reach new audiences globally and gives existing fans additional ways they can get involved with the players and the clubs they love.”

Inside sources revealed that the platform aimed to become a major partner with all of the world’s top football leagues. Sorare claimed that the massive interest in the ecosystem coupled with a strong capital flow has enabled the ecosystem to thrive.

NFT’s growing dominance also increased the use cases of blockchain technology. The latest partnership meant that Sorare had the world’s top clubs (including the likes of Bayern, PSG and Juventus) as part of their clientele.

Here’s Why SecuX Should Be Your Next Crypto Wallet

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The increase in the demand for cryptocurrencies has also elevated the number of platforms in
the industry. With an array of products available in the market, those interested in using them
are always left confused, as to which product to choose. However, choosing a hardware wallet
just got easier with SecuX’s latest range of wallets.

SecuX entered the crypto market in 2018 and has been delivering a wide range of wallets. With
a vision of keeping up and offering answers to the emerging blockchain technology, SecuX has
been giving its competitors like Ledger and Trezor a run for their money.

Getting started with SecuX wallets: Pros

SecuX currently offers three varieties of hardware wallets including V20, W20, and W10.

●Support for multiple assets

These wallets support over 1000 cryptocurrencies with the inclusion of ERC-20 tokens. Users
will be able to find support for prominent cryptocurrencies like BTC, ETH, XRP, BNB, XLM, and
several others.

●Vault-grade protection

SecuX W20 Hardware Wallet Portfolio
Here’s Why SecuX Should Be Your Next Crypto Wallet 11

Security is the most important aspect with regard to crypto wallets. SecuX offers an Infineon
SLE solid Flash CC EAL5+ Secure Element chip [SE] that aids in securing the PIN as well as
the private key of the users from any potential cyber or physical attack.

●Connectivity

With the V20 and the W20 models, users will be able to connect the device to the
laptop/desktop with a help of a USB and a mobile phone with Bluetooth. Other devices like
Tablets and iPad are also supported by the aforementioned wallets.

●Touch Screen

SecuX W10 Hardware Wallet 1
Here’s Why SecuX Should Be Your Next Crypto Wallet 12

While there are several wallet providers in the market, SecuX stands out with its large 2.8”
touchscreen. This makes it easier for users to operate on, specifically while making
transactions.

● Compatibility

The W20, as well as V20, are compatible with prominent operating systems like Windows,
Chrome OS, MAC OS, iOS, Android, and Linux. The W10 is, however, not compatible with

Andriod and iOS.

SecuX V20 Hardware Wallet CrossPlatform 1
Here’s Why SecuX Should Be Your Next Crypto Wallet 13

●Account recoverability

Recovering accounts just got easier as SecuX’s wallets are complaint with BIP32, BIP39 as well
as BIP44.

●Battery Life

With a 600mAh battery, the wallets last up to 7 hours with every charge. While Ledger offers
only 100mAh on its Nano X. An offline balance check is also found in these wallets.

Cons

●Size

When compared to the wallets offered by Ledger, which are USB sized, the dimensions of
SecuX wallets are bigger and easier to use.

●Number of coins supported

1000 Crypto Coins Tokens Support
Here’s Why SecuX Should Be Your Next Crypto Wallet 14

While Ledger offers support for over 1100 crypto assets, Trezor supports more than 1090 coins.
SecuX, however, supports only 1000+ coins.

Setting up your wallet

SecuX wallets can be found on Amazon as well as Webshop. The V20 Flagshop is priced at
$139, W20 Fantasy for $119, and W10 Lite at $69 on SecuX Webshop. The SecuX mobile
application can be found on the App Store and Google Play for Andriod users. ​
​
SecuX Hardware Wallet is available for purchase on their website. Those interested in buying
right away can get up to 15% discounts on the purchase.

SecuX V20 and W20 wallets – 15% off with coupon code “ tronweekly ”
SecuX W10 wallet – 10% off with coupon code “ tronweeklyw10 ”

A simple and practical Guide to copy trading on Bityard

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Copy Trading is the latest innovation on the cryptocurrency market. An entirely unique trading method, that allows users to benefit from the experience of expert traders and make profit from their knowledge.

The copy trading option is designed for beginners who have not learnt how to trade. In the copy trading option, you do not need to be an expert on cryptocurrencies to make profit on them, in fact you do not need to know much about Cryptocurrency trading to make money, all you need do is follow expert traders with an amount of capital and make money off their trades.

The copy Trading option also provides beginners interested in cryptocurrency trading, with an opportunity to learn, as they are able to observe the trades made by experts they follow, and this gives them a chance to analyse successful trades and incorporate the expert’s trading style.

Bityard a fully licensed and regulated exchange is one of the very few elite Cryptocurrency-exchanges that have pioneered the copy trading option and is the best pick for beginners who want to start copy trading.

A Step by step guide to the copy trading process

Registration:

The first step is to register on Bityard this is a very simple process and will not take more than a minute. To register, click here to input your email after which a verification code will be sent to your email.

Next you put a password of your choice, preferably a combination of letters and alphabets and one with good security. You click register and that’s it, your account is ready. Follow this Link to register.

Deposit:

The next step after registration is to fund your account.                                The bityard trading platform supports deposit via different Cryptocurrencies. 

For mobile users, to deposit into your account, look at the bottom right corner of the page, you will see an icon labelled assets

 click on it, then go the top left corner of the page that is opened, you will see an option of account and assets, click on the assets option, this will bring out the asset management page, there you will see a deposit option. 

Click on the deposit option, this opens a page with a list of Cryptocurrencies you can deposit, pick your desired Cryptocurrencies, copy the wallet address. Deposit into the wallet address and you’re set to go

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Note: The minimum deposit is 15USDT.

For PC users  after you login, at the top of the page you will see an asset option, click on it and it will bring a Dropbox with the deposit option, click on deposit, select a cryptocurrency of your choice, copy the address and deposit into the address.

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Pc web version deposit page

Choosing a Trader:

After you have deposited funds into your account, you can now choose a trader of your choice

Simply click on the Icon for the copy trade option. This opens the page for the list of traders. Each trader has statistics that show a trader’s performance and helps you better understand the trader’s trading style or pattern.

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Here I will explain what each Stat means and what it signify.

Win/rate 30D : shows the number of positive completed trades in the past 30days, that is the number of trades that end as the trader predicted. A higher win rate signifies that most of the trades, made end successfully.

30D Total trades: Shows the number of trades a trader has made in the last 30 days. A higher number signifies the trader is a frequent trader, a lower number shows the trader trades seldom

P/L ratio 30D: shows the percentage of profit as opposed to loss made by a trader. A positive percentage signifies that a Trader has made profit overall in the last 30 days, a negative percentage signifies that overall in the last 30 days the trader has made loss. 

Profit Rate: shows the percentage profit on the capital. A higher percentage signifies a trader makes a high profit on average.

Accuum followers: The number of people who copy a particular trader. A higher number shows a lot of people are comfortable with the trader and might reflect good trading skills

Profit share: The percentage of the profit the trader takes as his trading fee, when you copy him/her.

After going through the list of traders and finding one whose statistics are favorable to you, the next step you take is following the trader.

Following a Trader:

After choosing a trader and clicking on the follow option, a page showing the trading settings pops up. 

Amount: Allows you to set the amount that is to be used for each trade copied from the master trader. When setting the amount, you consider your general principal/investment and you set an amount that will allow you copy the trader even if he/she opens multiple trades at once.

Note: Maximum copy amount per trade is 400USDT

Daily margin: Allows you set a limit for daily trades. Once the trader makes those amounts of trades in a day, you automatically stop copying for the day

Stop loss ratio: Allows you to set a percentage of loss that is allowable in a trade once a trade reaches that amount it automatically closes. If this is set to unlimited then the trade closes whenever the master trader decides to close the trade.

Note: all trades automatically close at a 90percent loss rate.

After all these have been set, you click copy and start making money.

You can always choose to unfollow/stop copying a trader at anytime you choose.

You can also follow more than one trader, but when following multiple traders, you do so with respect to the amount of capital you have, to ensure a smooth and successful trading process.

Click this Link to register and Copy trade on Bityard.

After Mary Hard Fork, Cardano Is Now A Multi-Asset Blockchain

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Cardano has tremendous development over the past several months and it shows no signs of slowing down.

Input Output Hong Kong [IOHK], the developer company behind the Cardano blockchain revealed that the long-anticipated Mary protocol update was successfully applied to the mainnet via a managed hard fork combinator event.

A key milestone in its ongoing rollout as revealed by IOHK is that introduces core Goguen features. This involves native token functionality and multi-asset support.

Moreover, the latest update is touted as a crucial “building block” and the foundations for several new use cases for the blockchain.

Cardano’s Mary Update

Mary hard fork is a milestone or the ecosystem primarily because it opens a wide array of possibilities to developers and businesses looking to build on or migrate to the blockchain.

Most importantly, Cardano’s decentralized blockchain has now transformed into a multi-asset blockchain. Following this, the network will now be able to host services and solutions such as decentralized finance [DeFi], non-fungible tokens [NFT], stablecoins, and others, and paves the way for a flourishing decentralized crypto economy

How Does This Impact ADA?

Currently, Ethereum is home to a vast majority of DeFi and DApp platforms. The high transaction fees needs no introduction. As for alternatives, there are handful which have gained prominence.

Hence, Cardano has emerged as yet another promising alternative that with low transaction fees and massively secured smart contracts.

According to a blog post by Emurgo, Cardano was designed to be of low cost, and that will not change with tokens launched on the network.

The Mary hard fork and the Goguen era’s imminent full deployment is expected to onboard more third-party developers to the ecosystem. This, in turn, is likely to increase its overall network effects. And finally, it is this migration to the network that would essentially generate increased self-sustaining demand for its native token, ADA.

Emurgo also revealed,

“ADA will be fully tradable with native tokens from the start, unlocking the power and huge interest worldwide in DeFi applications. In Cardano, transactions between native tokens do not generate high fees, making DeFi applications even more affordable.”

Here’s Why Ethereum’s Github Activity Soared To Levels Unseen Since Feb 2020

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The second most popular blockchain, Ethereum’s development activity on Github has risen to a 7-months high. This was noted by the crypto analytic platform Santiment, which stated that the network continued to make its case as the “most highly innovative network” in the space, including many ERC-20’s under its umbrella.

Santiment

Digital asset values increased considerably following the market crash of Black Thursday in March. Although Bitcoin, along with its peer altcoins, had a very slow recovery, it was Github’s development activity that remained unfaced by the direction of price movements of the underlying assets.

Meanwhile, the recent news comes as Ethereum’s price, swiftly gaining a major rebounce, was currently flirting with the coveted resistance level of $400.

The most awaited launch of Ethereum 2.0

The launch of Ethereum 2.0 is no more a moving target. The community has been anxiously anticipating one of the most crucial events in the space – the 2.0 launch. And it could finally be launched as early as November.

Initially, the launch was slated for July this year. But the operations were not as smooth as it was earlier presumed. In addition, the subsequent upgrades turned out to be more complex. Hence, the recent news of a potential timeline of the launch could be another boosting factor for the surging development activity on Github.

 

Chasing the DeFi dream

The largest altcoin, Ethereum has witnessed its price surge significantly and behind the scenes, it is the DeFi ecosystem which has been one of the most crucial contributing factors in pushing not just the value of the underlying asset but also the development activity on the projects built on top of the ETH network.

More than 3 million Ether is locked in DeFi protocols. The fact that a vast majority of DeFi is housed on the Ethereum blockchain and the development on the front was perhaps responsible for the spike.