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Laptop Mag Describes AAVE (LEND) As The Best Cryptocurrency For Peer-To-Peer Lending

Mark Brennan
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Laptop Mag Describes AAVE (LEND) As The Best Cryptocurrency For Peer-To-Peer Lending

Laptopmag, a popular website that review and compare the latest laptops and tablets recently described AAVE (LEND) as the best cryptocurrency for the peer-to-peer lending.


Laptopmag published the article “The best cryptocurrencies of 2021 by utility“. Only six crypto projects were included in the article, including Ethereum (ETH), Monro (XMR), VeChain (VET), Polkadot (DOT), Cardano (ADA), and AAVE (LEND).

The article clearly indicates the unique reasons why they shortlisted these projects than others. In this regard, Laptopmag characterized AAVE (LEND) as the best cryptocurrency for the peer-to-peer lending.

The Article Writes:

“Aave is a Big disruptor for banking industry, Promising peer-to-peer lending protocol but Not beginner-friendly.

AAVE could potentially be one of the most useful cryptocurrencies due to its peer-to-peer lending ambitions. AAVE first launched in 2017 under a different name: ETHLend. In 2019, the crypto project was rebranded as “AAVE.”

AAVE runs on the Ethereum blockchain (another reason why ETH is ranked as one of the most useful cryptos of 2021). According to WealthSimple there are three advantages to AAVE’s peer-to-peer ending project.

The first one is, of course, allowing users to take out loans for cryptocurrencies. The second is that users don’t need to submit personal information to get approved for loans: AAVE doesn’t care about your credit score, race, socio-economic status and other social factors. As long as you have cryptocurrency that you can use as collateral, you can borrow on AAVE. Thirdly, acquiring loans on AAVE is reportedly damn-near instant.

AAVE certainly has the potential to completely disrupt retail banks and the current lending industry. However, cryptocurrency is still a new concept to the general populace and may not be the most beginner friendly.”

Laptop Mag Describes Polkadot (DOT) As The Best Cryptocurrency For Blockchain Interconnectedness

Mark Brennan
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Laptop Mag Describes Polkadot (DOT) As The Best Cryptocurrency For Blockchain Interconnectedness

Laptopmag, a popular website that review and compare the latest laptops and tablets recently described Polkadot (DOT) as the best cryptocurrency for blockchain interconnectedness.


Laptopmag published the article “The best cryptocurrencies of 2021 by utility“. Only six crypto projects were included in the article, including Ethereum (ETH), Monro (XMR), VeChain (VET), Polkadot (DOT), Cardano (ADA), and AAVE (LEND).

The article clearly indicates the unique reasons why they shortlisted these projects than others. In this regard, Laptopmag characterized Polkadot (DOT) as the Best cryptocurrency for blockchain interconnectedness.

The Article Writes:

“Polkadot aims to connect all major blockchains, it has room for a lot of growth as the project is still in development

In the same way some games are exclusive to one platform (e.g. The Last of Us 2 on PlayStation), many cryptocurrencies are solely linked to one blockchain (e.g. ETH on Ethereum). However, Polkadot is swooping in to change that with a concept called cross-platform interoperability (CPI). Think of CPI as cross-platform play, but for cryptocurrencies.

Polkadot’s primary mission is to unite independent blockchains under one network so that they can communicate and carry out operations together. For example, a use case for CPI is a smart-contract event on Ethereum triggering a payment on the Bitcoin blockchain. The downside of DOT is that its CPI concept has not yet materialized into reality.”

Laptop Mag Describes Monero (XMR) As The Best Cryptocurrency For Privacy and Confidentiality

Mark Brennan
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Laptop Mag Describes Monero (XMR) As The Best Cryptocurrency For Privacy and Confidentiality

Laptopmag, a popular website that review and compare the latest laptops and tablets recently described Monero as the best cryptocurrency for privacy and confidentiality to buy in 2021.

Laptopmag published the article “The best cryptocurrencies of 2021 by utility“. Only six crypto projects were included in the article, including Ethereum (ETH), Monro (XMR), VeChain (VET), Polkadot (DOT), Cardano (ADA), and AAVE (LEND).


The article clearly indicates the unique reasons why they shortlisted these projects than others. In this regard, Laptopmag characterized Monero (XMR) as the best cryptocurrency for privacy and confidentiality.

The Article Writes:

“MOnero is a privacy-centric digital asset  that has high demand for confidential currency. It has fast and inexpensive payments  and privacy coins are often targeted for delisting.

Monero is the cryptocurrency you’d purchase for high-level privacy and anonymity. Bitcoin and Ethereum have transparent blockchains: transactions can be traced and linked to real-world identities.

Monero, on the other hand, has an opaque blockchain; recipients won’t know who you are or how you received your money because Monero uses privacy-enhancing technologies to ensure anonymity. 

Monero boasts that it offers fast electronic cash: there are no multi-day holding periods, check-clearing fees or other impediments. Monero is also decentralized, so users don’t have to worry about a single controlling authority overseeing their transactions. There’s always a demand for private, anonymous currency, so Monero is an eye-catching investment. 

However, there is a downside; it’s often delisted from exchanges. Bittrex is the most recent platform to delist Monero to the curb.”

Crypto.Com Become The First Cryptocurrency Company To Receive Malta’s Class 3 Virtual Financial Assets License

Jakkk
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Crypto.Com Become The First Cryptocurrency Company To Receive Malta’s Class 3 Virtual Financial Assets License

Crypto.com, a popular platform for buying and selling digital assets, became the first cryptocurrency company to receive a Maltese license for Class 3 virtual financial assets.

In accordance with the VFA Class 3 license Crypto.com can provide storage services and execute orders on behalf of others.


The license was granted by the Malta Financial Services Authority (MFSA), paving the way for greater recognition of digital assets across the European Union. As a licensed Class 3 VFA service provider, Crypto.com is subject to more stringent management, compliance, and security requirements.

Before obtaining a VFA license Crypto.com worked in Malta under the temporary legislation. The tiny Mediterranean country is one of a small number of European Union jurisdictions that have developed clear regulatory rules for cryptocurrencies.

Chris Marshalek, Co-founder and CEO Crypto.com, said that his company “has long believed that building a fully regulated business is the best way to accelerate the world’s transition to cryptocurrency,” and added:

“Being the first global cryptocurrency platform to receive a Class 3 VFA License from the MFSA is a major milestone for the industry as a whole. We are proud to lead the industry in regulatory compliance, ensuring consumer safety and protection in the EU and look forward to securing licenses in every country we operate in.”

Crypto.com has quickly grown into one of the largest digital asset trading platforms: the number of active users reached 5 million in October 2020. The company is targeting 15 million users by the end of 2021 and 100 million within five years.

Binance Partners With Japanese Financial Giant, GMO Internet Group to Bring World’s First Regulated JPY-Pegged Stablecoin ‘GYEN’ to the Masses

Mark Brennan
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Binance Partners With Japanese Financial Giant, GMO Internet Group to Bring World’s First Regulated JPY-Pegged Stablecoin ‘GYEN’ to the Masses

GMO-Z.com Trust Company, Inc. (“GMO Trust”), the New York-based, regulated stablecoin subsidiary of Japanese Financial Services and Internet conglomerate GMO Internet Group, and Binance, today announced its partnership to bring “GYEN”, the world’s first regulated Japanese yen (JPY) stablecoin, to Binance’s exchange. GYEN can be purchased and redeemed directly 1:1 from GMO Trust in fiat, and can be traded against popular cryptocurrencies on Binance, including BTC and USDT.


GMO Internet Group, based in Tokyo, is a global market leader in the Internet infrastructure, Internet finance and the digital asset space since its inception in 1991. It operates the world’s largest online FX trading platform, an Internet bank, a cryptocurrency exchange, a cryptocurrency mining operation, a payment gateway and a regulated stablecoin

GMO Trust, based in New York, is a Limited Purpose Trust Company, regulated by the New York Department of Financial Services. Issuing the World’s First regulated JPY stablecoin.

GYEN is a financial-grade digital asset, which is fully regulated by the New York Department of Financial Services (NYDFS), 100% fiat-backed and audited publicly on a monthly basis by an independent, accredited national accounting firm.

This represents a major move to digitize the world’s most popular currencies, issued and custodied by a prominent financial player GMO Trust, and made available by Binance as the largest digital asset exchange globally. GYEN can be utilized by both institutional firms and retail users for trading, hedging, arbitrage, settlements, and payments to start. GYEN is significantly more efficient and cost-effective than fiat, leveraging the benefits of running on blockchain rails.

“Binance has led the way in cryptocurrency trading and building impactful, innovative solutions for its blockchain ecosystem,” said Ken Nakamura, GMO Trust CEO. “As we digitize one of the world’s most traded currencies, providing this asset to Binance’s ecosystem of retail and institutional users is a key sign that digital assets are moving mainstream.”

Binance will list GYEN and open trading for BTC/GYEN and USDT/GYEN trading pairs at 2021-05-12 7:00 AM (UTC).

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Tron And Orao Network Team Up On Data Oracle Service

Albert Brown
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Tron And Orao Network Team Up On Data Oracle Service

ORAO, a data-agnostic oracle network that supports multiple blockchains, has partnered with TRON to launch general data products on the popular TRX blockchain protocol.


 

This collaboration is aimed at eliminating the limitations of smart contracts to interact directly with off-chain data. This is where the ORAO blockchain oracles come into play, creating their own gateways to connect to the chains they see demand for.

This strategic alliance is built on a common idea, Oracle’s current solutions are mostly centralized, which exposes smart contracts to the risk that a single malfunction or failure can lead to the shutdown of the entire system. This possible single point of failure jeopardizes the benefits promised by the decentralized nature of these protocols.

Taking advantage of the recent TRON boom, ORAO aims to fix the inefficiency of oracles in the market, which can detect problems and punish data providers only after their incorrect data has already been delivered and executed on blockchain. ORAO shared data oracles will provide external, verified, reliable, and tamper-proof data for dApps and Tron-based smart contracts.

ORAO also allows to use multiple proofs to verify the authenticity of the data to make sure that it is trustworthy, providing proactive evaluation and computational capabilities in an easy-to-use manner.

The partnership is also important for TRON, as it expands the scope of data that can be accessed for applications and smart contracts deployed in their ecosystem.

About this fruitful partnership, TRON CEO Justin Sun said:

“DeFi and cryptocurrency should not be limited to high net worth portfolios that can afford pricing in an overload environment. We are seeing a growing trend of many leading Ethereum projects switching to TRON. We are very pleased that ORAO has joined the TRON network and has gained the benefits of a fast, affordable and flexible network.”

Nikola Strahia, founder of ORAO, added:

“One of ORAO’s main strengths is our pre-defined data protocols, which significantly expand the range of data products that vendors can offer. However, while they provide fantastic flexibility, the fact remains that many of the information products they support will not be economically viable on a platform that is mired in congestion issues. TRON is rapidly becoming a powerhouse in the market, and we are excited to work with them to make our services available on a network that is accessible to everyone.”

Cardano Decentralization Continues As Cardano Team Plan To Launch Decentralized Stake Pool Operator (SPO)

Mark Brennan
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Cardano Decentralization Continues As Cardano Team Plan To Launch Decentralized Stake Pool Operator (SPO)

The Cardano team plans to begin decentralizing the network’s stake pool operator (SPO) just a few weeks after giving the community full control over block production.


The development of the SPO was announced by IOHK, the blockchain research and development company behind Cardano. IOHK states that the decentralization of SPO is aimed at creating a reliable and efficient connection between distributed nodes.

IOHK notes that before decentralizing the share pool operator, it is necessary to enhance the Cardano network software. The first phase included the activation of the peer-to-peer Network Controller (P2P), the deployment of the connection manager, and the release of a private P2P test network in April.

The team is currently testing an engineering test network before deploying a partially public P2P test network for the selected SPO class.

Prior to the start of the decentralization process, SPOs worked on relay nodes around the world to generate their configuration for communication with peers. After achieving full decentralization, SPO will also increase the efficiency of supporting automatic node communication without relay nodes. According to IOHK:

“To provide better efficiency, it is essential to enable automated node communication without reliance on IO-run relay nodes. the networking team is now deploying the automated P2P code, which will allow pool operators to create and run a more decentralized network.”

Almost a month ago, Cardano announced that block production has attained 100% decentralization. According to the IOHK, decentralization has been gradual, and this is the first step towards creating an independent protocol free of central authorities.

Read More About Cardano SPO: https://iohk.io/en/blog/posts/2021/05/11/cardano-decentralization-continues/

Bitcoin Cash Flips Litecoin And Chainlink To Gain 9th Spot In World Top Ten Crypto

Albert Brown
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Bitcoin Cash Flips Litecoin And Chainlink To Gain 9th Spot In World Top Ten Crypto

Bitcoin cash flips Chainlink and Litecoin to gain 9th place in the top 10 crypto according to coingecko data.

Bitcoin Cash Returned To The Top 10 Flipping Litecoin And Chainlink

BCH increased 104.8% in 30 days to enter in the top ten crypto, reaching a marketcap of $25,709,077,271.


Reason For BCH Sharp Increase

Main reason for BCH rise is the Bitcoin Cash network update on May 15th to bring improvements for users and merchants.

These updates include the removal of the unconfirmed transaction limit, enabling multiple OP_RETURNS, the implementation of double-spend proofs, and the inclusion of a new mining block default limit size of 8 MB, as the inclusion of CHIPs (Cash Improvement Proposals) to introduce new specification changes to the protocol. There will be a few changes in the update that will affect the user experience.

The queue limit for unapproved transactions will be removed, people will no longer have to wait for a block to be mined for every 50 transactions and messages will be sent to BCH nodes. The maximum block size of 8MB will now be the default size.

Read: Top Altcoin News To Follow This Week. ETH-BCH-DASH-ZIL-SXP-SHIB

SEC Chairman Gary Gensler: Many Tokens Other Than XRP Are Securities

Mark Brennan
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SEC Chairman Gary Gensler: Many Tokens Other Than XRP Are Securities

When we talk about the ongoing legal battle between the SEC and Ripple, both sides are debating why XRP is a security and why it is not. To avoid such ambiguity, there is clearly an urgent need for crypto rules, as SEC Commissioner Hester Pierce has repeatedly asked for crypto regulations.


Recently appointed SEC Chairman Gary Gensler also spoke about cryptocurrency regulations in a recent interview with CNBC.

He said:

“I think to the extent something is security the SEC has a lot of authority and a lot of crypto tokens — I won’t call them cryptocurrencies for this moment — are indeed securities. The prior Chair indicated that. The prior SEC brought numerous enforcement actions to sort of bring some of those security or investment contract tokens into the rules, but there are some like Bitcoin.”

Gensler added about Bitcoin and crypto markets:

“If I can just focus on that — and that’s about half of this two trillion dollar asset class right now — it’s a digital scarce store of value, but highly volatile, and there are investors that want to trade that and trade that for its volatility, in some cases just for its lower correlation with other markets.”

For Investor Protection He said:

“So if an investor wants to trade on that Bitcoin, understanding it’s highly volatile, highly speculative, but if they want to trade on that, we haven’t placed some investor protection, and that’s what I was saying. I think there is a gap in our system right now.”

Read: Top Altcoin News To Follow This Week. ETH-BCH-DASH-ZIL-SXP-SHIB

Watch CNBC Video:

Top Altcoin News To Follow This Week. ETH-BCH-DASH-ZIL-SXP-SHIB

Mark Brennan
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Top Altcoin News To Follow This Week. ETH-BCH-DASH-ZIL-SXP-SHIB

Crypto market is extremely busy these days as we are having green days more consistently. Leading the Altcoin market is Ethereum, making new All-Time-High of $4168. The total value of the crypto market is above $2.5 trillion with the Bitcoin price rising over $58,000 again.

As the crypto market cap is increasing, On the other hand, Bitcoin Dominance is shrinking, standing at 43.8%.

In such a bullish crypto atmosphere where altcoins are gaining strength, 6 altcoin news that we think can be followed this week are Ethereum, Bitcoin Cash, DASH, Zilliqa, Swipe and SHIB, respectively.


Ethereum (ETH)

News This Week: Rayonism a scaling project around the ETH Global Scaling, Hackathon experimenting with Merge and Sharding Eth1-Eth2 testnets will be completed on May 14.

Why To Follow: Ethereum developers are showcasing their work to combine ETH 1 and ETH 2.0 under Rayonism. Organizations such as Arbitrum, Optimism, zkSync organized a hackathon, which started on April 16th. Participants will receive more than $200,000 in prizes. During hackathon, participants will develop merge functionality on top of participating Eth1 and Eth2 clients, develop sharding functionality on top of participating Eth2 clients, enable KZG in EVM on Eth1 and Stretch goal to Initial L2, Optimism-Eth2 prototype.

Find out more on: https://scaling.ethglobal.co

Bitcoin Cash (BCH)

News This Week: Bitcoin Cash network update on May 15th to bring improvements for users and merchants

Why To Follow: These updates include the removal of the unconfirmed transaction limit, enabling multiple OP_RETURNS, the implementation of double-spend proofs, and the inclusion of a new mining block default limit size of 8 MB, as the inclusion of CHIPs (Cash Improvement Proposals) to introduce new specification changes to the protocol. There will be a few changes in the update that will affect the user experience. The queue limit for unapproved transactions will be removed, people will no longer have to wait for a block to be mined for every 50 transactions and messages will be sent to BCH nodes. The maximum block size of 8MB will now be the default size.

Source: https://news.bitcoin.com/bitcoin-cash-slated-for-may-15-upgrade-to-bring-improvements-for-users-and-merchants/

Dash (DASH)

News This Week: DASH network block rewards will be reduced on May 16th. DASH reward reduce will be activated on height 1,471,680. Rewards will be reduced from 2.88 DASH to 2.67 DASH.

Why To Follow: The block reward given to Bitcoin miners decreases by 50% every 4 years. Using a similar mechanism, DASH will reduce block rewards not every 4 years, but approximately every 383 days. Dash will not reduce rewards by 50%, but by 1 in 14 (approximately 7.1%) of ongoing rewards.

Find out more on: https://dash.tokenview.com/en

Zilliqa (ZIL)

News This Week: Upcoming Staking Contract Upgrades to Enhance User Experience with New Functionalities on May 11.

Why To Follow: On May 11, Zilliqa will undergo a mainnet upgrade to v. 8.0.0. Following the upgrade, Zilliqa staking contract will transition to phase 1.1. changes will include:

  • Transferring stakes from one account to another account, without penalty will be possible. This feature can open up new possibilities such as smart contract wallets supporting staking.
  • Staking parameters will be adjusted following the block time reduction and reward adjustment in mainnet v. 8.0.This adjustment is to calibrate the staking rewards to around the same level as phase 1 staking.
  • Functional fixes will address the contract state bloating issue.
  • Interface changes for reward transition will ensure compatibility with Scilla v. 0.10.0.

Source: https://blog.zilliqa.com/upcoming-staking-contract-upgrades-to-enhance-user-experience-with-new-functionalities-c7548aab4823

Swipe (SXP)

News This Week: First IDO coming on Swipe on May 12th.

Why To Follow: According to Swipe’s announcement, the project coming on Swipe via IDO will be compatible with both Ethereum and Binance Smart Chains, The unnamed project aim to change NFT management and it’s running. IDO will be available only for SwipeSwap Liquidity Providers. 50% of the SXP raised will be burned.

Shiba Inu (SHIB)

News This Week: Crypto exchange Binance is listing SHIB today.

Why To Follow: The SHIB, which emerged as ‘Dogecoin killer’, was listed on exchanges such as Huobi and OKEx last week. SHIB was added to KuCoin today in the morning, will be added to Binance also. Binance will list SHIBA INU (SHIB) in the Innovation Zone and will open trading for SHIB/BUSD and SHIB/USDT trading pairs at 2021-05-10 11:00 AM (UTC).

Read More: https://www.binance.com/en/support/articles/f1fe616e688b452f9d736753cb2d947a

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