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Orion Protocol becomes the first liquidity aggregator for Cardano

After establishing partnerships with Huobi ECO Chain, Binance Smart Chain, Avalanche, and Elrond, Orion will work with IOHK to enable the sustainability and scalability of the DeFi and NFT ecosystems on Cardano, the company said.

The post Orion Protocol becomes the first liquidity aggregator for Cardano appeared first on CryptoSlate.

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After establishing partnerships with Huobi ECO Chain, Binance Smart Chain, Avalanche, and Elrond, Orion will work with IOHK to enable the sustainability and scalability of the DeFi and NFT ecosystems on Cardano, the company said.

IOHK’s latest partnership marks an important milestone for Cardano

After a hugely successful year that began with the much-anticipated launch of Shelley, Cardano has been picking up the pace in 2021 with a slew of new launches and announcements. The latest major news to come out of IOHK, Cardano’s parent company, marks an important milestone for the blockchain platform, as it pushes it from an abstract, more academic niche to and turns it into a blockchain platform with real-world utility.

The company has partnered with Orion Protocol, a blockchain-agnostic protocol that provides a decentralized gateway to the entire digital asset market. The partnership has made Orion the first liquidity aggregator on the Cardano blockchain.

“It’s a huge honor to partner with IOHK to become the first liquidity aggregator to the Cardano blockchain. We admire and share their focus on building a scalable, and interoperable DeFi ecosystem, and we look forward to working together to achieve a sustainable future of the industry,” Alexey Koloskov, the CEO and co-founder of Orion Protocol said in a statement.

Creating the infrastructure to boost the DeFi and NFT ecosystems on Cardano

According to the company’s official announcement, Orion will provide Cardano with a decentralized gateway to the entire crypto market, aggregating liquidity across both centralized and decentralized cryptocurrency exchanges and swap platforms in a single decentralized platform.

By integrating multiple blockchains and exchanges in one platform, Orion will give users more freedom to transact on the crypto market.

Orion will work with IOHK to ensure the sustainability and scalability of the DeFi and NFT ecosystems on Cardano. Cardano’s own blockchain infrastructure will be utilized to enable the greater performance of Orion’s protocol and interoperability solutions—from its flagship product Orion Terminal to the Orion NFT Aggregator.

The solutions will be elegantly linked to Cardano through its foundation settlement layer, connected to a control layer. The settlement layer will have a unit of account, while the control layer will run smart contracts, Orion explained in the announcement.

“Completely open source and patent-free, Cardano was built in a spirit of collaboration. And engineered for efficiency and scalability, the Cardano ecosystem is developing out into the most complete and most useful cryptocurrency ever constructed,” Orion said in its announcement.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptoslate.com/orion-protocol-becomes-the-first-liquidity-aggregator-for-cardano/

Blockchain

Musk Puts Bitcoin on Pause, Tesla Suspends BTC Payments

Elon Musk revealed that Tesla would pause accepting bitcoin as payment for its product as a consequence of its high energy consumption.

The post Musk Puts Bitcoin on Pause, Tesla Suspends BTC Payments appeared first on BeInCrypto.

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Elon Musk revealed on Twitter that Tesla would pause accepting bitcoin as payment for its product as a consequence of its high energy consumption.

Tesla CEO Elon Musk has roiled the crypto markets after announcing that Tesla would stop accepting bitcoin as payment for its vehicles. The reason cited was that bitcoin mining consumed far too much energy and was damaging the environment. The market responded by turning red, with bitcoin dropping around 16% in just a few hours.

Specifically, the tweet states that Tesla is concerned about the increasing use of fossil fuel, especially coal. While the note does state the benefits of cryptocurrencies, Musk stated that it should not come at the cost of the environment.

Tesla will continue to keep its bitcoin holdings and resume bitcoin transactions once mining transitions to renewable energy. The company will also look for cryptocurrencies that consume less than <1% of bitcoin’s energy/transaction.

The news is a quick change of heart from one of the market’s strongest high-profile supporters. Musk has offered support for cryptocurrencies as assets several times and is most well-known for his thoughts on Dogecoin.

Some in the market have complained about how Musk’s influence has a seismic effect on the market, whether good or bad. His comments on Dogecoin have greatly bumped the price up, while the recent bitcoin news has tanked the market as a whole. The complaint is that Musk has enough clout to influence the market, which is a questionable matter on the whole.

However, while bitcoin does require a high amount of energy for mining, an increasing number of entities are moving towards renewable sources of energy. Furthermore, the data on how badly bitcoin is affecting the environment isn’t entirely conclusive.

Reports on bitcoin’s renewable energy usage vary, with some saying it is as high as 70%, while others say it is 39%. The point is, the industry is making note of these concerns and working towards going green.

BTC crashes below $50k

Naturally, the market has taken a huge beating from the change of face from one of the most prominent market entrants in recent times. In total, the market lost about $365 billion following the announcement, though it has recovered slightly since.

Tesla only began accepting bitcoin payments about two months ago and the decision to stop is a quick U-turn that has tanked the market. For the first time in months, the price of bitcoin had crashed to below $50,000, and it currently sits at roughly $51,000.

Several figures in the cryptocurrency space chimed in with their thoughts, and some of them seemed to chide Musk for being seemingly ignorant. The argument about bitcoin’s energy consumption has been a thorn in the market’s side for a while now.

Blockstream CSO and Pixelmatic CEO Samson Mow called the comments “uneducated,” even going so far as to say that he would never buy another Tesla product. Cameron Winklevoss was far more friendly with his response, simply saying that bitcoin is pushing the renewable energy industry forward and expecting Musk to refresh his position.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Rahul Nambiampurath is an India-based Digital Marketer who got attracted to Bitcoin and the blockchain in 2014. Ever since, he’s been an active member of the community. He has a Masters degree in Finance.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/musk-puts-bitcoin-on-pause-tesla-suspends-btc-payments/

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How to Choose a Prospective Cryptocurrency

Cryptocurrencies are developing rapidly. Today, these digital assets are used for everything. You can even make a deposit with crypto and get the best live casino offers. These tips will help you choose the right coin. Function To identify a prospective cryptocurrency, you need to pay attention to its function. The function of a project […]

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Cryptocurrencies are developing rapidly. Today, these digital assets are used for everything. You can even make a deposit with crypto and get the best live casino offers. These tips will help you choose the right coin.

Function

To identify a prospective cryptocurrency, you need to pay attention to its function. The function of a project must be clear and understandable, even if it is a complex technology or a system that is difficult to develop. The technology or system must have a real application and solve real problems both in the crypto market and in other areas.

Development Team

Another important attribute is the team behind the project. Sometimes among the representatives you can see former employees of companies like Microsoft, Google, Goldman Sachs, or JPMorgan Chase. But work experience varies – you can work as a senior assistant to a junior janitor or develop complex products, the expert explained. So check exactly what positions project members have held and what products they have developed before.

Known and proven specialists, as in any other field, are not many. So, projects with big plans usually try to attract famous developers because they know that this will draw the attention of the crypto community.

Software Code

In order to define a successful cryptocurrency, it is advisable to understand programming. At the same time, it is important to follow what the project team publishes on GitHub. This is a kind of social network for developers, where they publish created solutions and share the results of the project development.

Many projects have open source code. By studying it, as well as the activity of the developers, it is possible to understand whether there is dynamics in the development of the project and how positive it is.

The peculiarity of the crypto market is that an analyst must be more than just a financial expert. Here it is not enough to be able to understand the financial market, valuation methodologies, the possible value and liquidity of the asset. Cryptocurrencies often include different components written in different languages. An expert must be immersed in both areas to correctly evaluate new projects.

How Much to Invest

Any project can seem extremely promising. But this does not guarantee its success in the future. The idea may be poorly implemented, fail to find application, fade out against the competition or even turn out to be a product of fraud. So, such investments are of a high-risk nature.

10-20% may be set aside in an investment portfolio for venture capital investments. It is possible to invest a few percent in each interesting project, thus assembling a portfolio of a dozen altcoins or other high-risk instruments.

You can allocate up to 25% of your investment portfolio to buy the tokens of projects that were launched during the ICO and continue to operate and develop to this day. They have survived all the ups and downs of the industry in recent years. Such projects are more reliable and have real potential for development and growth, the expert believes.

Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Cryptopolitan.com 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 in the press release.

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Source: https://www.cryptopolitan.com/how-to-choose-a-prospective-cryptocurrency/

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How Is Trustworthiness Measured In A Crypto Exchange?

Trust is crucial in any financial system. While Cryptocurrency is taking the world to the moon, it is very easy for some of the fake crypto exchanges to make a fool of beginners as well as experienced users all around the globe. Opting for an exchange system that is not secure and dodgy is becoming […]

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Trust is crucial in any financial system. While Cryptocurrency is taking the world to the moon, it is very easy for some of the fake crypto exchanges to make a fool of beginners as well as experienced users all around the globe. Opting for an exchange system that is not secure and dodgy is becoming a widespread mistake. For trust building, the most important thing is how safe and transparent a crypto exchange is. It is crucial to look into the various factors to check the trustworthiness of a crypto exchange before opting for it.

Trustworthiness: The most crucial characteristic of a good crypto exchange

A research paper published recently called “Characterizing cryptocurrency exchange scams” used typosquatting generation technique and existing data to identify over 1500 scam domains with 300 plus fake crypto exchange apps. After exploring the relationship between fake apps and scam domains, it identified 30 fake app families and 94 scam domain families.

The researchers revealed that these scams and fake crypto exchanges have resulted in a financial loss of a minimum of $520,000. Along with this, they found that these phony crypto exchange apps have sneaked to big app stores like Google Playstore, to defraud unaffected users. This shows an urgent need to identify and avoid such untrusted crypto exchange scams.

These days, hundreds of crypto exchange and trading platforms are floating in to the market, making promises of transparency and security. But before opting for a crypto exchange platform, you should look at these four factors to judge the trustworthiness:

  1. Security: The platform should implement high-security measures in all exchange functions such as user authentication, user verification, sessions management, trading and withdrawal policies. 
  2. Data Transparency: Trading volume, average liquidity, user activity, and other on-chain and off-chain data should be transparent and also, available to the public.
  3. Ease of use: A user friendly platform will attract more users and earns their trust. 
  4. Founders and Team: The founders and developers behind any successful project have long experience and a strong record of past projects in similar niche. 

Why is Aurix becoming the star of all eyes?

A popular and successful crypto exchange system should excel in all four factors mentioned above. With experienced developers and superior blockchain technology, Aurix aims to be one of the most trusted platforms worldwide. 

The Aurix chain ensures seamless payments and top-notch security. Aurix CEO, Majed Mohsen, has said that they pay their most attention to its integrity and adherence to the best international security standards.

The Aurix chain offers financial services that are fast, transparent and secure. Decentralized finance enables carrying out transactions without the company’s operations and permissions. This means that even if, because of any reason, Aurix ceases to exist, the chain will continue doing its task of transferring the users’ cashback properly.

It has a user-friendly design with the ability to trade multiple coins with a customized interface. It allows tons of trade orders and transactions to process in a couple of seconds. The platform provides trading charts and analysis tools. This simplicity of the system helps users to understand the system quickly.

Along with all the fantastic things, Aurix’s team is highly reputed and have worked for years in the field. They have ensured the building of a highly ethical system.

Change your crypto exchange before it’s too late

The facts mentioned above make it necessary to realize the importance of using trustworthy and secure crypto exchange platforms, to avoid financial suffering and losses. It is evident from the technologies it uses that Aurix is passing all the mentioned parameters to become one of the most trustworthy crypto exchange platforms. The complete ecosystem of Aurix ensures a transparent, trusted, and resilient service. Aurix CEO, Majed Mohsen, promises the utmost care and security to its users. It is a self-reliant ecosystem of financial services which are fully designed on the technology of decentralized finance, maining that all the transactions will be executed in any case. Aurix will never disappoint you, no matter what happens.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/how-is-trustworthiness-measured-in-a-crypto-exchange/

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You can buy condos with DOGE in Portugal as crypto real estate listings soar

You can now use Dogecoin to buy luxury apartments in Portugal, with a penthouse currently on sale for around 5 million DOGE, worth roughly $2.2 million.

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Dogecoin has often been seen as a joke coin, or an asset for TikTok speculators to gamble on, but now you can buy entire luxury apartments in Lisbon, Portugal with the currency.

Zug-based crypto payments and OTC liquidity provider FNTX Capital Suisse has partnered with Portugal-based property developer, 355 Developments to offer condos for crypto in the capital.

The partnership will enable buyers to purchase apartments with Doge, Bitcoin, Ethereum and Cardano via FNTX’s “Real Estate Exchange”, which updates the crypto pricing of each listing in real-time. There are currently three listings on the exchange, with the cheapest — a two bedroom apartment — priced at around 1.57 million Dogecoin, worth roughly $690,000. The most expensive listing is a penthouse priced at around 5 million Dogecoin, worth roughly $2.2 million.

Growing trend

Yahoo Money reports that April saw an increase in U.S. sellers who are looking to accept crypto payments for real estate:

“Last month, there were 71 listings that mentioned crypto or Bitcoin in their descriptions on the real estate listing site. That’s 14.3 listings per 100,000 homes, the highest rate on record, according to the data.”

On May 7, Cointelegraph reported that Miami’s Arte Surfside luxury apartments are now accepting payment for real estate in multiple cryptocurrencies, including Bitcoin and Ethereum. The complex is home to Ivanka Trump.

Crypto at the beach club

Crypto payments are becoming more and more widespread. On May 12 Montreal’s biggest outdoor venue “Beach Club” announced that patrons will be able to purchase alcoholic beverages with crypto from next year. Beach Club Owner Olivier Primeau said in a social media post:

“Beachclub will officially be the first club in Canada to accept Bitcoin and Ethereum as a method of payment.”

However the post was light on details about how the 100,000 capacity venue would actually accept crypto payments, with the owner simply saying there are “several platforms” being considered for launch in 2022.

Which suggests that part of the reason businesses are keen to accept crypto for payments has as much to do with getting free publicity, as it doe the future of the digital economy.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cointelegraph.com/news/you-can-buy-condos-with-doge-in-portugal-as-crypto-real-estate-listings-soar

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