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Major Partners to Join the Upcoming Aleph Zero CTRL+Hack+ZK Hackathon
Zug, Switzerland, January 2nd, 2024, Chainwire

In collaboration with Telekom MMS, a wholly-owned subsidiary of Deutsche Telekom, stc Bahrain, Heartcore Capital, Arca Finance, Cardinal Cryptography, and others, the hybrid event offers different tracks with up to $575K USD in bounties and funding opportunities.

The Aleph Zero Foundation, committed to the advancement and adoption of the Aleph Zero blockchain, today announced the launch of CTRL+Hack+ZK, a comprehensive hackathon event. Spanning from January 10th to January 31st, 2024, this event will be held virtually. CTRL+Hack+ZK represents Aleph Zero’s most immersive hacking event to date, designed to spur innovation and collaboration in the blockchain space.

CTRL+Hack+ZK invites developers, whether seasoned or new to Web3, to immerse themselves in a three-week virtual hacking experience. Participants will engage in Rust and ink! workshops, educational programming, as well as hands-on mentorship with Aleph Zero’s core development team and ecosystem partners.

Previous Aleph Zero hackathons have been the birthplace of success stories like AZERO.ID and Syncra, which have become integral to the Aleph Zero ecosystem. CTRL+Hack+ZK offers a launchpad for developers to turn their innovative ideas into reality, with the opportunity for projects to be integrated into the growing Aleph Zero ecosystem.

“We’re honored to partner with some of the world’s most esteemed organizations in different sectors for the CTRL+Hack+ZK hackathon. Their endorsement energizes our mission to expand the Aleph Zero ecosystem,” said Antoni Zolciak, Co-Founder of Aleph Zero. “Our focus remains steadfast on delivering exceptional user experience that prioritizes privacy, compliance, and speed. This hackathon is put together to help spread the overall adoption of Web3 with a primary focus on building the application layer using the Rust and ink! programming environments.”

Top-Line Partnerships and Opportunities

The hackathon partners include MMS Telekom, a wholly-owned subsidiary of Deutsche Telekom, Saudi Telecom Bahrain, idOS, Cardinal Cryptography, Generative Ventures, Heartcore Capital, WW Ventures, Blockchain Founders Capital, and Buidlers Tribe. Additionally, collaborators from Franklin Templeton Investments, Block54, RR2 Capital, and more, will serve as hackathon judges, providing significant exposure opportunities for participants.

Teams from existing Aleph Zero ecosystem partners will share their experiences, offering practical insights and learnings that can guide new hackathon entrants in the development of their own projects within the ecosystem.

Fostering Innovation Across Diverse Tracks

With prizes ranging from $2K to $20K USD from the $75K USD pool, as well as an opportunity to get fast-tracked for up to $500K in follow-on funding, the hackathon tracks include:
- Telco: This track invites developers to transform the telecom sector leveraging Aleph Zero’s advanced tools, focusing on optimizing existing infrastructure and conceptualizing new services, setting the stage for future telecommunication advancements.
- DeFi: Developers are encouraged to harness Aleph Zero’s privacy-centric framework to craft unique DeFi solutions and services.
- DiD: This track will explore identity-related solutions leveraging Aleph Zero’s native privacy stack and network of interoperable tooling libraries to enable secure and decentralized identity management.
- Gaming: Participants are encouraged to creatively employ Aleph Zero for developing NFT-based in-game items, enhancing game development through Aleph Zero’s specialized libraries, crafting smart contracts for in-game transactions and collectibles, and building indexers for gaming data.
- Tooling and Infrastructure: This track will focus on developing applications, node providers, libraries, and tools that enhance the developer experience and ecosystem around Aleph Zero.
Schedule and Participation Details

The hackathon will kick off with the Aleph Zero ecosystem Town Hall on January 10th, followed by a series of workshops, intensive hacking sessions, and a demo day. Winners will be announced on February 5th, with prizes, mentorship opportunities, and potential inclusion in the Aleph Zero Ecosystem Funding Program, which, to date, has distributed nearly $4M in grants across various teams and products.

For more information and to register for CTRL+Hack+ZK, visit https://hack.alephzero.org/.

About Aleph Zero

Aleph Zero is layer 1 blockchain engineered for speed and opt-in privacy, achieving efficiencies akin to conventional web2 systems. It upholds rigorous standards for data privacy and transaction security, while aiming for genuine decentralization over time. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications.

https://www.youtube.com/watch?v=pC6LcyTN2Ok

Contacts

Ana
ana@serotonin.co
Martyna
martyna@serotonin.co
January 2, 2024

SimpleFX Review: One-Stop Crypto and FX Shop

SimpleFX is an online trading platform that has been operating since 2014, providing traders access to a wide range of financial markets including forex, cryptocurrencies, indices, and commodities. With nearly a decade of experience in the global fintech space, SimpleFX has firmly established itself as a full-service brokerage supporting hundreds of financial instruments and over 50 payment methods.

Some key facts about SimpleFX:

Founded in 2014 and regulated by the Financial Services Commission (FSC) of Mauritius
Offers 200+ tradable instruments including forex, stocks, crypto, and more
Supports over 35 cryptocurrency payment options for deposits and withdrawals
Provides up to 1000x leverage on supported markets
Web-based trader platform dubbed ‘WebTrader’ launched in 2015
Native trading apps available for iOS and Android devices
Awards winner for categories like ‘Best Trading Platform’ and ‘Best Support’

With its wide-ranging offerings and innovative trading tools, SimpleFX has aimed to provide a ‘one-stop-shop’ for all types of traders and investors. But is it a legitimate and trustworthy platform? Let’s take a deeper look.

Pros:

Established 9-year history
200+ total assets to trade
19+ cryptocurrency pairs
Over 35 crypto payment options
WebTrader and native apps
Generous bonuses and affiliate programs
Incredibly low spreads and no commissions
24/7 multi-asset market access

Cons:

Regulated in Mauritius, not major jurisdictions
Mobile apps lack full features
Higher risks for less experienced users

Regulation and security

While SimpleFX is regulated by the FSC of Mauritius, some consider this a ‘light-touch’ regulator compared to major bodies like Cyprus’ CySEC or the UK’s FCA. Nonetheless, SimpleFX takes security seriously with measures like negative balance protection, bank-grade encryption, two-factor authentication, and segregation of client funds.

The platform also undergoes regular third-party penetration testing and employs a ‘majority cold wallet’ system to keep the bulk of cryptocurrency holdings in secure offline storage. Overall, despite its offshore regulation, SimpleFX’s focus on security offers traders reasonable protection of their funds.

Image: Trading Interface of SimpleFX

Trading tools and platforms

SimpleFX’s flagship WebTrader platform is quite robust, featuring advanced charting, order entry, and streaming market data all optimized for web, desktop, or mobile. The platform aggregates live prices from top liquidity providers and executes trades in a flash. SimpleFX also offers custom versions of the popular MetaTrader 4 and 5 desktop platforms for forex traders.

In addition to WebTrader, SimpleFX provides native iOS and Android mobile apps for on-the-go trading. These leverage the same functionality as WebTrader in an intuitive mobile interface. For advanced automated strategies, SimpleFX also offers a REST API and allows expert advisors for the MT4 platform.

Image: Mobile Application of SimpleFX

Supported markets and assets

Traders at SimpleFX have exposure to over 200 tradeable assets across forex, stocks, indices, commodities, and cryptocurrencies. The platform offers around 60 currency pairs, backing from top liquidity providers, and allows trades on major cryptos like Bitcoin, Ethereum, and XRP.

Traders can also access global stocks from major exchanges, commodities like gold and oil, as well as indices tracking Wall Street, Europe, and emerging markets. Plus SimpleFX regularly adds new markets based on demand.

Payment options and funding

When it comes to funding your SimpleFX account, over 35 cryptocurrency options are supported for both deposits and withdrawals. This includes top coins like Bitcoin, Ethereum, Litecoin, Dogecoin and more.

Beyond crypto, fiat deposit/withdrawal choices include international bank wire, debit/credit cards, PayPal, and Neteller. Minimum deposit amounts start at zero and there are no inactivity or maintenance fees. Withdrawals are usually processed within 1 business day for crypto and 3-5 days for wires. Overall the platform’s diverse payment mix caters to both crypto-savvy and traditional investors globally.

Trading conditions and costs

SimpleFX stands out by offering commission-free trading across all supported markets. The platform generates revenue solely from spreads and overnight holding swaps – there are no hidden charges or fees ever imposed on traders.

Standard trading accounts at SimpleFX allow leverage ratios ranging from 2:1 up to 500:1 depending on the asset. Plus the maximum 1000x leverage makes it excellent for advanced day traders. Variable spreads start from 0 pips on forex, while crypto trades carry average spreads of 0.15-0.4% based on liquidity.

For positions held overnight, SimpleFX credits or debits swaps at specified rates based on interbank interest. Overall trading costs are quite appealing compared to fees levied by many brokers dominating the space.

First Deposit Bonus

SimpleFX is offering a special First Deposit Bonus for traders who are new to the platform. It is available for every first deposit on each Live account. This means users can create multiple Live accounts to keep taking advantage of the bonus. This allows new users to get a higher balance in the first minute and start opening trades. The bonus for the first crypto or fiat deposit is as follows:

Deposit $100 or more and receive a $20 bonus
Deposit $250 or more and receive a $50 bonus
Deposit $500 or more and receive a $100 bonus
Deposit $2,000 or more and receive a $500 bonus
Deposit $10,000 or more and receive a $2,500 bonus

Other features and program

SimpleFX seeks to engage traders through various promotions and rewards programs. The generous affiliate plan allows earning up to 50% lifetime commissions on client trading volume. Another popular offering is the Ethereum Staking product that pays daily interest via smart contract.

Traders also gain access to ample educational resources like webinars, articles, and reading material directly on the SimpleFX website. Free demo accounts provide unlimited practice capital to develop winning strategies risk-free. Rounding it out is 24/5 English support through phone, email, and live chat.

Feature	SimpleFX
Min. Deposit	$0
Max Leverage	1000:1
Spreads (Forex)	From 0.1 pips
Fees	No commissions
Supported Countries	Global excluding US
Platforms	WebTrader, Mobile Apps
Instruments	Over 230 choices
Education	Basic tutorials included
Customer Support	24/5 English
Trading Tools	Advanced charting, indicators

Final thoughts on SimpleFX

While offshore regulation remains the biggest question mark, SimpleFX has built one of the most trader-friendly ecosystems across fintech platforms. It scores high marks for offering zero fees, high leverage, countless assets, and a payment mix focused on digital coins.

SimpleFX continues innovating with initiatives spanning crypto rewards, educational tools, and social features. For experienced or beginning traders, it can easily service all needs with advanced or streamlined interfaces. Given its heritage, security practices, and pro-trader approach, SimpleFX definitely qualifies as a viable trading broker.

Join SimpleFX

December 30, 2023

Moonshot Dreams to Monte Carlo Moves: Starting Your Online Casino Hub

Let go of rocketing investments and flashy cars for a moment. Instead, consider the thrill of roulette and marathon blackjack sessions. That’s right, we’re plunging into the realm of online casino communities – places that are hotter than hitting the jackpot on a sizzling summer day. But this isn’t just about throwing virtual coins into slot games. We’re crafting exclusive clubs where fortune favors the bold and innovative.

Unearthing the Perfect Spot and Crafting Your Platform

Skip the run-of-the-mill card games. Your place should have character, an atmosphere so cool even a master thief would approve. Go for unique, go themed. Love sci-fi? Imagine a futuristic casino on Mars, with robot dealers and vibrant slot machines paying out in cryptocurrency. Prefer old-school? Design a 1920s-themed establishment with dancers, dance-offs and classic music matching the spin of the roulette wheel. There’s absolutely no limit to what you can create. It’s like jumping down a never-ending tech tunnel of party-theme ideas.

With your concept dialed in, it’s time to construct your online home. Discord is perfect for this: it offers chat rooms, audio spaces and quick-dealing bots. Don’t cut corners on design either. Eye-catching images, custom icons and themed rooms will transform your server into a virtual betting sanctuary. Aim high for an environment that screams luxury and excitement over your average game night hangout.

Licensing Lowdown: Crossing T’s and Dotting I’s

The Wild West has nothing on Canadian gambling laws – there’s more to consider before starting your venture hereabouts. Leveling up within legal boundaries is essential. Don’t leave any stone unturned or regulatory box unchecked if you’re looking to play it safe online.

Alright, let’s talk rules now. They’re tougher than winter ice up north. Make sure you’ve got the right paperwork, buddy. Each part of Canada sets its own standards. Are you looking to run a keno spot in Alberta? You’ll need a special permit for that. And if Ontario’s your playground, they’re big on internet gaming. Just don’t get busted hosting a poker game without a permit in your snowy home—the police will not be happy about it.

Community Connection and Local Lingo

Don’t push away your friends with complicated gaming speak. Use simple words that you’d hear while waiting for coffee at Tim Hortons. “Hey, fancy playing some slots?” is much nicer than “Would you care to participate in operating a slot machine, my respected friend?” Be relaxed, be Canadian, and your place will be cozier than a knit hat in the middle of winter.

The country is huge, eh? Bring everyone together! Set up local contests and have the poutine lovers from the East compete with sushi fans from the West. Start online hockey betting pools with digital coin prizes. Create a group as varied as Canada itself. Don’t forget, we’re all fans of our country here, brought together by our taste for maple syrup, doughnut holes, and perhaps some friendly internet betting.

Making a Canadian betting club is more than just fries with gravy and being nice. Make sure to look into free spins no deposit in Canada to make sure you’re choosing the best online casinos. Review sites will often work out exclusive deals with online casinos to curate new no-deposit bonuses for casino enthusiasts. Hitting the slots is one thing, but it’s also a party for all things Canadian!

Canucks and the Currency Conundrum

Yeah, everyone’s buzzing about Bitcoin, but Canadians stick to their coins. Make sure you accept standard cash along with your fancy digital currency. Folks can pay with what they know and then switch it over to online cash for gaming inside your place. It’s like swapping out hockey gear for Dogecoin. You reach that old-school vibe mixed with modern tech.

Old-school cash is out-of-date. We’re living in the era of digital money now. Design your own club’s virtual cash like an e-coin that powers everything inside. Let people use it to give tips to hosts, enter competitions, or get their hands on unique treats. Make sure they’re valuable and rare, positioning them as the cornerstone of your online space. A successful token is the key to a booming community and that’s where you’ll hit it big.

Building a Community of Casino Pals

Your club isn’t merely a gambling spot, it’s a gathering place. Why not set up poker nights featuring live streamers, or run blackjack contests with tangible rewards? Plan quiz nights, show movies, or even teach about cryptocurrencies. You want your folks to hang on, make pals, and be part of something more meaningful than just another round of bets. Keep in mind, having faithful members is your top-secret weapon.

Building an online casino community isn’t just about watching reels spin; it’s about making moments that connect people. It’s where fellowship merges with a bit of virtual magic. Go ahead—toss the dice and dare to create a unique corner of the digital betting world. Perhaps your modest venture might rise to fame like Monte Carlo has. Keep in mind to run things honestly, interact kindly, and let the good times keep rolling. In this unpredictable world of online casinos, the house that builds the best bonds triumphs all the time.

December 28, 2023
Clock Ticking: 6 Hours Left in MetaWin’s Thrilling $1 Million USDC Prize Race

London, UK, December 22nd, 2023, Chainwire

Revolutionary Web3 Platform Prepares to Award $1 Million USDC Prize

MetaWin, the premier web3 competition platform leveraging blockchain technology, is counting down the last 6 hours in its record-breaking MetaWin Millionaire prize draw, where one lucky player will win a life-changing $1 Million USDC!

$1 Million Grand Prize Draws in Less than 6 Hours

With the competition ending today, December 22nd at 21:00 GMT, there is still time to secure a free entry into the $1 Million USDC sweepstakes before registration closes.

The $1 Million USDC prize is already staked in a smart contract on-chain, and will be instantly transferred to the randomly selected wallet, making one lucky participant an instant millionaire.

Crypto Twitter Abuzz with Anticipation

Interest in the competition is reaching fever pitch with multiple influential accounts entering the draw, with Pranksy, dannycrypt, sibel and noteezzy all showing off their entries.

But even with the excitement mounting, there are currently just over 5000 registered entries, which still offers attractive odds for new participants.

Just Released: More than 50+ Eth in Free-to-Play NFT’s

To celebrate the momentous countdown to the World’s biggest crypto prize, Metawin has just announced the release of 50+ ETH worth in NFT’s in free-to-enter competitions. The competitions range in value from smaller, but high-quality projects, to more established blue chips such as Killabears, Miladys, Otherdeeds and more. Entries are capped to ensure equal chances of winning, and just require a small gas fee to register the entry on the Ethereum blockchain.

With new NFT prizes hitting the site every 30 minutes, participants can join in the excitement throughout the next 6 hours until the draw of the $1 Million USDC main prize.

MetaWin’s Exciting Journey: Anticipating the $1 Million USDC Winner

With the countdown clock ticking down the final hours, MetaWin invites all potential participants to seize the moment and claim their chance at the $ 1 Million USDC prize.

Users can claim their free entry via this link: Opportunity for Users to Win $1 Million USDC – Free Entry Available

MetaWin extends its best wishes to all entrants and looks forward to announcing the fortunate victor.

About MetaWin

MetaWin stands at the forefront of on-chain competition platforms, revolutionizing the landscape of digital contests. Through harnessing the power of blockchain technology, MetaWin delivers a competition experience characterized by transparency, fairness, and excitement. With a track record of substantial giveaways and an unwavering commitment to innovation, MetaWin is shaping the future of online competitions.

Contact

MR
MetaWin PR
MetaWin
press@metawin.inc

December 22, 2023
Accepting Cryptocurrency Payments on Your Website: Key Methods
Poland, December 22, 2023—A primary benefit of accepting cryptocurrency payments for businesses today is the reduced risk of funds being frozen. Cryptocurrencies operate on a decentralized system, not governed by any authority, making it challenging to impose restrictions. This decentralization enables businesses to accept international payments, broadening their sales reach and potentially enhancing purchase conversion rates.

Advantages of Cryptocurrency Payments

Lower Transaction Costs. Cryptocurrency transactions incur fees through the blockchain network, which are generally much lower than those for international bank transfers.

Faster Transactions. Payments made with tokens bypass intermediary banks, resulting in quicker transactions. Offering a higher fee can further expedite the process.

Enhanced Privacy. Cryptocurrency payments offer complete anonymity for the payer, thereby decreasing the risk of fraud.

How to Start Accepting Payments in Cryptocurrency

Cryptocurrency wallet

This method involves providing a cryptocurrency wallet address to the client, who then transfers the funds to it. It’s crucial for the buyer to accurately input the correct payment amount and the precise wallet address and select the appropriate network. If these details are incorrect, it becomes impossible to return the sent funds.

QR Code Payments

This method is akin to the previously mentioned one, with the key distinction being eliminating manual data entry for cryptocurrency transfers. The recipient creates a QR code in their wallet application, choosing the desired currency and network beforehand.

The payment details are auto-filled when the payer scans this code using app. The user then verifies the network and payment amount before executing the transfer. This approach enhances convenience and security for buyers, as it minimizes the likelihood of errors in entering the address, amount and selecting the correct network.

Creating a Custom Cryptocurrency Payment Gateway Module

Integrating a bespoke payment module on the merchant’s website allows him to accept Bitcoin and other cryptocurrencies. In this setup, users visit the site, select from the available cryptocurrencies, receive a wallet address, and transfer the required amount of funds, completing the transaction.

This approach is user-friendly for both buyers and sellers. However, its development can be time-consuming and financially demanding. Any errors in the module’s development could also lead to financial losses.

Cryptocurrency Processing as a Payment Solution

Cryptocurrency processing functions similarly to bank card acquisition. It is a digital payment gateway for cryptocurrency transactions, involving intermediary services and software algorithms for processing payments.

The key benefit of crypto processing is its fully automated transaction system. It simplifies payment tracking and sorting for businesses while making it easier for customers to pay and access goods and services.

In crypto processing, after a customer selects a product or service on a website and proceeds to checkout, they choose a preferred cryptocurrency for payment. The service then converts the product’s cost and generates a crypto wallet address and QR code for the payment.

The customer sends the payment to the provided address, like transferring to a cryptocurrency wallet. The system automatically detects and confirms the payment within minutes, provided the correct amount is transferred. If the amount is incorrect, the system alerts the user and prompts for an additional payment.

Once the transaction is automatically confirmed, the order is marked as paid. The customer is notified of the successful transaction and gains immediate access to the purchased goods or services.

Crypto processing, mirroring traditional bank acquiring, handles transactions automatically. The payment and complete transaction details are transferred to the merchant’s account. The merchant can then withdraw these funds to their cryptocurrency wallet.

In some regions, crypto processing services also offer physical POS terminal payments, which are less common.

Benefits of Crypto Processing
- User-friendly payment experience;
- Automated processes, including payment data issuance, verification, and service access post-payment;
- A range of currencies and additional payment methods.
Challenges of Crypto Processing:
- Potential complexities in website integration;
- Service fees for using the platform;
- Despite these challenges, the advantages of integrating a cryptocurrency payment system for businesses are significant and often outweigh the drawbacks.
Should Businesses Accept Cryptocurrency Payments?

Incorporating a cryptocurrency payment option, which is becoming increasingly popular, can enhance merchants’ conversion rates. With its automated transaction process, crypto acquiring offers maximum convenience for businesses and customers. You can integrate it using the CryptoCloud service. Cryptoprocessing prioritizes user safety with DDoS attack protection and data encryption as well as ensures quick fund withdrawals.
December 21, 2023
1xBit’s DRAGON’S TREASURE – Where Legends and Rewards Collide
Victoria, Seychelles, December 21, 2023—In the heart of the mysterious East, 1xBit invites you to unravel the legend of DRAGON’S TREASURE – an exhilarating tournament set to mark the Chinese New Year. Dare to venture where dragons guard ancient riches, and only the most audacious warriors will claim their share. Begin your journey and let the reels decide if luck is on your side in the pursuit of the greatest treasure.

Celebrate the New Year in Style

Embrace the festive season by playing your favorite slots from any providers, accumulating tournament points to ascend through stages. The more you play, the closer you get to the ultimate reward – a piece of the impressive prize pool consisting of 600 mBTC and 300 Free Spins. Let the thrill of the hunt bring you closer to the Dragon’s Treasure.

Rewarding the Most Persistent

As the DRAGON’S TREASURE unfolds, 1xBit presents an enticing prize pool, offering a glimpse into the bountiful rewards that await the top contenders. The prize distribution model is designed to celebrate the skills and tenacity of those who dare to venture into this mythical realm.
1. Top 5 Places (1st to 5th): The top five warriors, displaying exceptional prowess and determination, will be rewarded generously, with amounts ranging from 80 mBTC to 55 mBTC. Each step down the leaderboard signifies not only a drop in rank but also a decrease in the awarded prize, adding an element of competition to the journey.
1. 6th to 10th Places: The battle continues for participants securing positions 6th to 10th, as they compete for rewards ranging from 50 mBTC to 30 mBTC. The minimum stage requirements ensure that contenders not only strive for victory but also strategically progress through the stages to claim their rightful place.
1. 11th to 20th Places: Even beyond the top 10, the adventure doesn’t end. Participants securing positions 11th to 20th will be rewarded with both mBTC and Free Spins, ensuring that the thrill of the hunt and the chance at the Dragon’s Treasure is an experience shared by many.
Thus, 1xBit invites warriors from all levels to partake in the quest, ensuring that every spin brings them closer to their share of the legendary treasure.

Embark on the Quest

Engage in the adventure by playing your preferred slots, gaining points, and progressing through stages. The higher you climb on the leaderboard, the more significant the rewards become, culminating in the grand prize – the Dragon’s Treasure. Will you be among the bold warriors who seize the riches that await in this thrilling tournament?

Beyond the Tournament

1xBit extends its generosity beyond DRAGON’S TREASURE, offering a world of excitement. Enjoy games from the most esteemed providers, relish in the 7 BTC Welcome Bonus for your first four deposits, and experience the convenience of swift payouts without the hassle of KYC requirements. At 1xBit, your gaming journey transcends ordinary entertainment – it’s an extraordinary odyssey.

Stay Connected

For the latest updates and exclusive contests, be sure to follow 1xBit on social media:

– X

– Instagram

– Telegram

– Email: marketing@1x-bit.com

Your connection with 1xBit goes beyond gaming; it’s a shared experience of competition and celebration.

About 1xBit

For the uninitiated, 1xBit stands as a premier online gaming platform, seamlessly blending casino thrills, sports betting, and more. Committed to delivering excellence, 1xBit offers a diverse range of games, collaborations with top-tier providers, and a user-friendly interface. Join us in the pursuit of adventure, rewards, and boundless entertainment.
December 21, 2023
Streamr Announces the Start of Testnet 2 for the Decentralized Streamr Network 1.0 – Paving the Way for Next-Gen Data Broadcasting
Zug, Switzerland, December 21st, 2023, Chainwire

After the successful launch of Testnet 1, paving the way for the upcoming Streamr Network 1.0 milestone, Streamr is excited to announce the start of Testnet 2! This second incentivized testnet, starting on 21st December and concluding on 8th January 2024, will see a reward pool of 1.5 million DATA tokens (approx. $104k USD as of 21/12/24) available for node Operators to bootstrap a next-generation decentralized data broadcast network.

Key dates and rewards:
- Testnet 1 (completed): 5th December – 12th December (Reward Pool: 1 Million DATA ($69k))
- Testnet 2: 21st December – 8th January (Reward Pool: 1.5 Million DATA ($104k))
- Testnet 3: 15th January – 29th January (Reward Pool: 2.5 Million DATA ($173k))
- Streamr 1.0 Official Release: February 2024
How to participate in Testnet 2

As with Testnet 1, to earn a share of the DATA rewards, participants will either need to download the latest version of the Streamr Node and become an Operator, or simply delegate their DATA tokens to a reliable Operator.

An Operator’s nodes follow the protocol rule of properly forwarding messages to other connected nodes with good uptime and sufficient hardware resources to handle the traffic of the available incentivized streams. Delegators support these operations by providing liquidity in the form of DATA tokens.

Stream Sponsorships are smart contracts that release funds over time to Operators (node runners). This system mirrors service level agreements (SLAs) in traditional networks, ensuring reliable data distribution. The amount of DATA tokens the Operator stakes on the Sponsorship determines the size of their share of the token flow.

Read more on how the various roles fit together in this blog.

Testnet 2 details

Testnet 2 will be funded with 1.5 million DATA tokens ($104k). These stream Sponsorships will run until the end of Testnet 2, which finishes on 8th January 2024. Node Operator penalties will stay at the same low level as in Testnet 1.

Next-gen use cases to unlock in 1.0

The 1.0 milestone marks the culmination of the 2017 roadmap, unlocking the peer-to-peer market forces between Sponsors and Operators so that distribution is paid for with the currency of the Streamr Network—DATA. This makes the Network fully decentralized, production-ready, and paves the way for the team to explore some exciting new use cases:

DePIN

The 1.0 release will make the Streamr Network better positioned to enhance the data broadcasting capability of Decentralized Physical Infrastructure Networks (DePINs). As DePINs move away from centralized data centers towards a network of individual contributors, the Streamr Network’s serverless, secure, and scalable design shows promise to align and offer a platform that helps DePINs to progressively decentralize their tech stack.

Decentralized AI

Streamr also has the potential to serve as a neutral data layer, providing AI with reliable, tamperproof access to real-time data streams. This is crucial for AI reliability, development and ensuring transparency and safety in AI operations. The Streamr Network might further be deployed in communication and coordination between AI Models. These models could gather and share real-time insights amongst each other to level up their collective intelligence. There’s a lot to be explored, and with concerns about the future dangers of AI, verifiable communication through neutral and decentralized networks such as Streamr show promise to contribute towards the mainstream adoption of AI in our everyday lives.

Decentralized video streaming

Behind closed doors (for now at least) Streams has been testing the scalability and stability of decentralized live video feeds. Live video streaming with a P2P protocol such as Streamr may offer a path to eliminate the need for centralized intermediaries used today to distribute content around the world. The Streamr protocol allows the live video feed consumers to become the video feed’s distribution pipeline, which could make for a more efficient, greener and scalable distribution mechanism.

Earlier this year Streamr streamed the MapMetrics bitcoin live feed directly from YouTube. The team promises to have more to share on this track in the coming weeks.

Get started with Testnet 2

Streamr invites users to join this journey towards a fully decentralized data economy. Users can prepare nodes to claim a share of the remaining 5 million DATA tokens and be a part of the future of decentralized real-time data.

For support, feedback, and updates, users can join the Streamr Discord community, focusing on the #⁠testnet-general and #testnet-announcements channels.

About Streamr

Streamr is building the real-time data protocol of the decentralized web. This includes a scalable, low-latency and secure P2P Network for data broadcasting, delivery, and exchange. As part of the vision, Streamr has built The Hub—a dApp that champions open data to help DePin, AI, and Web3 builders decentralize their tech stack with real time data flows. The Streamr project was started by real-time data veterans with backgrounds in algorithmic trading and finance markets.

Contact

Chief Marketing Officer
Mark Little
Streamr Network
media@streamr.network
December 21, 2023
BingX Introduces JITO Coin $JTO as Solana Prices Climbs

Singapore, December 21, 2023—BingX, a prominent cryptocurrency trading platform, has officially added JITO (JTO) to its list of tradable assets. This move comes amidst a remarkable surge in the value of JITO and a notable increase in Solana price (SOL).

Coinciding with the introduction of JITO on BingX, there has been a noticeable impact on Solana’s ecosystem. Solana’s native token, SOL, experienced a remarkable surge in value, increasing by 12.48%. This increase is particularly noteworthy as it occurred during a period when Bitcoin’s (BTC) value was declining. This trend highlights the resilience and strengthening position of Solana in the cryptocurrency market.

Further underscoring the growing interest in JTO trading pair, the market value of JITO Labs has seen a significant increase following its successful airdrop. The price of JITO soared by an impressive 83%, a clear indication of the market’s confidence and interest in its potential within the Solana framework.

The introduction of JITO on BingX is expected to positively influence the Solana ecosystem. It could attract more investors and increase the liquidity of JITO. The considerable price surge of JITO post-airdrop, along with the growth seen in SOL, points to a robust interest in Solana labs assets. This trend suggests a bright future for investments in both Jito Labs and Solana Labs.

As the cryptocurrency market continues to evolve, the listing of new and promising tokens like JTO on established platforms like BingX is a testament to the dynamic and rapidly growing nature of the digital asset industry.

About BingX

BingX is a leading cryptocurrency exchange offering spot, derivatives, grid, and copy trading services to users in over 100 countries and regions worldwide. With a user base of over 5 million, BingX facilitates connections between users, expert traders, and the platform itself in a secure and innovative manner. Track top cryptocurrency prices on BingX simple to use PC and APP platform.

Media Contact

For media inquiries, please contact:

Lionel Lim

Email: media@bingx.com

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December 21, 2023
SSV.Network’s Ethereum Staking Ecosystem Powered by DVT Secures $140M TVL

SSV.Network provides developers with simple and adaptable systems powered by DVT technology—a revolutionary structural framework created exclusively for Ethereum staking. Because of its permissionless nature, SSV allows staking operators and validators to play an active part in the Ethereum staking ecosystem.

SSV.Network Redefining Ethereum Staking with DVT-Powered Innovations and $140M+ Total Value Locked (TVL)

SSV.Network has developed a new benchmark for Ethereum staking by launching its staking applications with over $140 million worth of ETH being staked using the cutting-edge DVT-powered staking infrastructure. This has led to SSV.Network’s Total Value Locked (TVL) crossing the $140 million mark highlighting the increased integration of DVT by upcoming business as well as seasoned actors into their staking products.

The adoption of Distributed Validator Technology (DVT) has seen the Ethereum staking market experience unprecedented growth and stability which has then fueled the demand for SSV staking solutions. Over 66,000 ETH has been staked into SSV-powered applications, with more than 2,000 validators and 80 operators operational on the SSV mainnet.

Many DVT-native staking apps, including Claystack, Metapool, Stake Together, 01Node, StakeStar, and StaFi, are hosted on SSV’s mainnet. These apps serve individual investors by providing a variety of forms for a private, decentralized, and robust staking experience. The SSV DAO is also encouraging DVT adoption by providing validators who join the network with a 50% APR boost, either directly through ssv.network or through SSV-based staking applications

SSV’s DVT-powered apps are being actively tested and integrated by major participants in the staking space, such as Stader, StakeWise DVT vaults, ChainUP, ANKR, XHash, EBunker, Rocketpool (gift intent), and Lido (via the new Simple DVT Module). These applications enable broad user engagement in next-generation staking from institutional staking services to staking pools. SSV DAO has set aside over $3 million in a bid to assist 55 projects that aim to grow the SSV.Network ecosystem.

Early in December, the Permissionless mainnet became live after a SSV DAO vote that allowed public validators to connect to the network and share stacking configurations across different node operators. This has enabled individuals to connect and operate a node, staking services for network validators in exchange for $SSV incentives.

In conclusion

This tactic by SSV network of integrating the DVT Network within its ecosystem has enhanced client satisfaction and also development of the Ethereum network by facilitating easy customization, increasing uptime while also reducing the chances of centralization. The SSV protocol, as a freely available technology, encourages developers to build on it, allowing individual projects to use DVT benefits while adapting applications to their own target markets.

December 21, 2023