Cryptocurrency

Hoskinson’s praise extends beyond Bitcoin to encompass the entire cryptocurrency ecosystem, which has grown exponentially over the past decade.However, advancements in cryptocurrencies are not a sudden phenomenon but rather the result of five decades of research and developments in various fields, including cryptography, computer science and network theory.From the development of public key cryptography in the 1970s to the creation of peer-to-peer networks in the early 2000s, these advancements have collectively paved the way for the emergence of blockchain technology.”Great ideas aren’t the product of sudden inspiration but rather a gradual connection of decades of concepts and progress. Bitcoin and the broader cryptocurrency industry are the end result of five decades of innovation,” Hoskinson wrote.Hoskinson, who also cofounded Ethereum, illustrated this, sharing an image captioned “Bitcoin and the rise of cypherpunks,” which showed a steady progression of technologies, from cryptography in the 1970s to the emergence of proof of work, smart contracts and peer-to-peer networks, to the launch of Bitcoin in 2009. Each step along the way has been crucial in building the foundation for what we now know as the cryptocurrency industry.The interim period starts after the impending Chang upgrade. Cardano then enters a technical governance bootstrapping phase, which includes bringing DReps and others on-chain.The interim phase also involves constitution drafting and will expire in early 2025, when a final on-chain version is ratified.This article was originally published on U.Today More

The analysts comment “HEICO reported F2Q EPS of $0.88 vs. our and the consensus estimate of $0.81 on better revenue of $955m (consensus $951m and our $941m estimate). F2Q was a clean quarter with gross income, operating income, EBITDA and net income all outpacing our expectations on the back of better results in ETG (sales +12% q/q, +4% organic y/y) and FSG (sales +5% q/q, +12% organic y/y and +21% for aftermarket replacement parts). Operating margin rose 180bps sequentially to 21.9%, which was solidly ahead of expectations and helped drive a 9% EPS beat when paired with slightly higher sales. That improvement in operating margin was a function of both segments improving profitability, but ETG improved more q/q. The growth trajectory doesn’t appear to be changing much for HEICO, and we think rising estimates will help momentum as investors balance a very strong aftermarket position with uncertainty around future air travel demand.” More

LAKE (LAK3), a pioneering Web3 ecosystem dedicated to transforming the global water economy through blockchain technology and the LAK3 token, is excited to announce its participation in Consensus 2024, taking place from May 29 to 31 in Austin, Texas. Ahad Ali, LAKE’s Director of Communications, will be a featured speaker at the event, highlighting the role of blockchain in the future of water.Consensus 2024 is one of the most anticipated blockchain and cryptocurrency conferences, bringing together industry leaders, innovators, and enthusiasts to explore the latest advancements and opportunities in the blockchain space. LAKE’s participation underscores its commitment to integrating blockchain solutions for water accessibility on a global scale.Ahad Ali to Address Global Water ChallengesDuring the conference, Ahad Ali will deliver a keynote presentation on the innovative use of blockchain technology to address global water challenges on May 30th at 3pm on the Spotlight Stage. His talk will focus on how LAKE (LAK3) leverages blockchain to turn people into active participants in the water economy, ensuring transparency, efficiency, and equity in water distribution.Engage with LAKE at the ConferenceAttendees of Consensus 2024 are encouraged to visit LAKE’s booth, where they can meet the team, learn more about the project, and discover how LAKE is paving the way for the future of water. The team will also be available to discuss potential partnerships and collaborations.LAKE’s RWA (Real-World Assets) solutions provide a practical and impactful use case for blockchain technology. By tokenizing water resources, LAKE enables secure, transparent, and equitable management of water assets, making a significant contribution to addressing global water scarcity.For more information about LAKE and its participation in Consensus 2024, users can visit lak3.io.About LAKELAKE is an innovative Web3 ecosystem facilitating a fair and decentralized access to water worldwide. This is the first project to bring a clear, transparent and decentralized ecosystem changing the way we interact with water, from purchasing, warehousing, to distributing, consuming and even donating it. With a mission to connect millions to Web3, LAKE sparks transformative change in how we perceive and manage this increasingly scarce vital resource.Users can learn more about LAKE (LAK3) at https://lak3.io and of their participation in London Blockchain Conference at https://londonblockchain.net/en/partners/sponsors.ContactMedia and Event ManagerCherence de BeneyLAKE (LAK3)[email protected] article was originally published on Chainwire More

Schiff suggested a hypothetical scenario where all publicly traded U.S. companies liquidate their assets, cease operations and invest the proceeds entirely in Bitcoin.He claimed this would cause each Bitcoin to be worth millions, dramatically increasing the market capitalization of U.S. stocks and making everyone wealthy.Schiff extended his satirical narrative by addressing his own investments, particularly in U.S. oil stocks. He implied that if these companies followed suit and converted their assets to BTC, their stock values would skyrocket, enriching investors like himself. He underscored the absurdity by noting that, while this would make everyone theoretically rich, there would be no actual goods or services remaining.In contrast, Schiff has consistently criticized Bitcoin, describing it as a bubble and a scam lacking intrinsic value.Despite Schiff’s critique, Bitcoin’s price continues to quote around $68,000 per coin. At the start of the day, Bitcoin’s price saw a decline of over 1.5%. The cryptocurrency remains within striking distance of its all-time high of $74,000, 9% short of this peak.This article was originally published on U.Today More

Ithaca Protocol has launched its live beta platform, aiming to set a new standard for crypto option markets. Ithaca is a composable options protocol founded by an ex-Goldman Sachs partner and Amber Group executive backed by Cumberland and Wintermute Ventures. Ithaca is the first options platform in the industry to offer executable prices across vanilla options, digital options, option strategies, forwards, and structured products, totaling over 250 prices across strikes and expiries.Ithaca’s key innovation lies in its auction based matching engine; more trades get filled for the same number of orders compared to a standard auction; users are empowered to tailor their exposure for any expected market move as well as desired scenario. For the first time across DeFi, CeFi, and TradFi, users can access advanced financial engineering functionality that was previously reserved for market makers, OTC and exotic desks. Off-chain matching, Arbitrum on-chain settlement and Axelar cross-chain bridging constitute Ithaca’s architecture foundational components.The beta launch follows the completion of Ithaca’s Open Alpha phase and constitutes another step towards decentralization. Soon, on-chain actors will be able to verifiably spin up and run instances of key Ithaca risk-sharing ecosystem components, including the matching, collateral optimization, and VAR engines. Ithaca Protocol has raised 2.8m$ to date, with Cumberland and Wintermute Ventures leading the pre-seed round in q4 2023 and further notable participation by Room40, Andrew Keys, Ghaf Capital, Enjinstarter, Merit Circle, Tradedog, Axelar co-founder Georgios Vlachos, TenSquared managing partner Stan Miroshnik, Woodstock general partner Pranav Sharma, BFF managing partners Mansoor and Aly Madhavji, Existential VC managing partner Yoeri Krom and angel investors Psycho, traderMayne, rookieXBT, and Dentoshi.About Ithaca Protocol Ithaca Protocol is a non-custodial composable options protocol. Its auction based matching engine allows for more liquidity for a given number of orders; users are empowered to tailor their exposure to any expected market move and desired scenario. Ithaca levels the playing field by presenting everyone with direct access to risk sharing engineering with a few clicks.ContactIthaca [email protected] article was originally published on Chainwire More

So far, the protocol dedicated for the real estate industry has tokenized 118 assets, including hotels, restaurants, parking lots, healthcare facilities, and apartments across more than 21 countries. Oceanpoint v0.5 also supports real estate tokenization start-ups. Blocksquare’s utility token, BST, powers the Oceanpoint DeFi ecosystem, where users can stake BST and convert it into the governance token sBST. This setup allows community members to support tokenization marketplace operators and earn rewards. The initiative also offers start-ups discounts on Blocksquare’s SaaS solutions to help them launch and grow their ventures. Meanwhile, Marketplace Pools provide a platform for both marketplace operators and community members to engage within the ecosystem.The concept of tokenizing various real-world assets has been around for many years, but recent advancements in blockchain regulation and institutional adoption have accelerated this process.Blocksquare says its legal structure is validated by the first notarized tokenized real estate transaction on the EU land registry, which is a crucial element in its capability to perform secure on-chain operations.This trend is clear in the efforts to tokenize assets like green bonds, as seen with Hong Kong and Societe Generale (OTC:SCGLY) earlier this year. Blocksquare made history by completing the world’s first notarized tokenization of a real estate property in September 2023.Denis Petrovcic, Co-founder and CEO of Blocksquare, stated, “Tokenizing over $100 million in real estate assets across 21 countries highlights the potential of RWA tokenization in bridging investments in traditional assets.”Blocksquare offers SaaS solutions for blockchain-based real estate tokenization to connect investors to real estate opportunities globally. Based in Ljubljana, Slovenia, Blocksquare’s platform enables the digitization of real estate assets, allowing properties to be tokenized and traded on the blockchain and supports the launch of online marketplaces.  More

Cloudbet, a leading crypto casino and sportsbook platform, is experiencing a significant surge in Solana-based transactions, as users increasingly recognize the benefits of the blockchain’s lightning-fast speeds and low fees. While CoinGecko recently touted Solana’s impressive 46x transactions per second (TPS) compared to Ethereum, Cloudbet’s users are taking full advantage of the blockchain’s capabilities to place bets, deposit funds, and receive payouts faster than ever before.Cloudbet’s data reveals a steady increase in Solana transaction volume from late 2023 to May 2024, with an average month-on-month percentage change of +27.85% in 2024. The most significant growth occurred between March and April 2024, with an impressive 46.74% increase. During this period, Solana’s price surged, reaching $190-$200, and analysts predicted the token to exceed $270. January and February 2024 also saw substantial increases of 26.41% and 10.41%, respectively.This sustained growth highlights the increasing popularity and utility of the Solana blockchain and its supported tokens, such as SOL, USDT, and USDC, among Cloudbet users. As more individuals recognize the benefits of Solana’s high-speed, low-cost transactions, they are turning to Cloudbet to enhance their betting experience. Paired with Cloudbet’s all-new Rewards Program, where users can potentially earn rakeback rewards in USDT, the platform is expecting even more transactions on the blockchain.As Solana continues to showcase its impressive performance and Cloudbet continues to integrate more tokens from the Solana blockchain, the platform is well-positioned to cater to the growing demand for high-speed, low-cost betting. About CloudbetCloudbet is a proud pioneer of crypto betting. Since its launch in 2013, the world-leading crypto casino and sportsbook has served hundreds of thousands of users and taken millions of bets, establishing a reputation as the most trusted, secure, and VIP-friendly brand in crypto gaming.Cloudbettors can bet with 30 cryptocurrencies, from Bitcoin and Ethereum and stablecoins like USDC and USDT, to SOL and other popular altcoins. The site is available in 18 languages (including Spanish, German, Italian, French and Japanese).ContactMedia RelationsLeandro [email protected] article was originally published on Chainwire More

The analysts commented: “First, we note that MSTR remains one of the best ways most equity investors can get exposure to the digital asset given its intelligent leverage strategy. We believe this setup provides the potential for additional premium to spot to re-emerge in MSTR shares. Second, we believe BTC is biased higher given recent approvals of US BTC spot ETFs coming from heavyweight asset managers and the very strong adoption there combined with the recent BTC halving that has constrained supply. We are updating our PT to $2,047. The main drivers of our new PT are continued appreciation of BTC and some revaluation up for the software business. Given MSTR’s current valuation premium to its BTC holdings, we are not assuming this to be an upside driver from current levels.” More