x
How 10,000 steps can earn you up to $6.20 a day
Physical activity could be equal to or even bigger than the $7 trillion attention economy, Sweat Economy’s co-founder believes.
Physical activity is proven to reduce the risks of many illnesses and improve performance, which makes it a valuable asset, much like time or attention. But is this value measurable? New research commissioned by the move-to-earn (M2E) project Sweat Economy has put a price on it.
Walking 10,000 steps in a day is worth up to $6.25 for an individual, translating to more than $2,280 in one year, according to an estimate consulted by academics from the University of Birmingham.
That amount of daily activity is estimated to have a value of at least $0.52, with a median value of $3.96 per person.
“Our comprehensive review of the academic literature provides a robust foundation for quantifying the economic benefits of physical activity,” said Mark Elliott, associate professor of human movement analytics at the University of Birmingham, who co-led the study.
Initiated by Sweat Economy, the study provided $60,000 in research grants to determine the value of physical activity, aiming to open a new market around being active. Read More
Vitalik Buterin sings at Token2049, highlights low L2 fees as ETH milestone
In the past, Buterin was forced to pay over $800 for a single privacy-preserving transaction, but this is no longer the case thanks to the development of Ethereum layer 2s.
Vitalik Buterin emphasized the significance of the declining transaction fees within the Ethereum ecosystem before reflecting on some of the most iconic crypto-themed songs from the past.
Speaking about the crypto industry’s evolution, Buterin noted that the previously high transaction fees were among the main challenges of mainstream adoption.
However, transaction fees on Ethereum layer-2 (L2) networks have gone down to “basically zero,” marking a significant milestone for crypto, according to Buterin, who said during his speech at Token 2049 in Singapore:
“From being somewhere between $10 and $0.50 to being under $0.01, basically zero. At the same time, Optimism and Arbitrum, two major Ethereum layer twos, have hit this important security milestone… So rollups are rapidly becoming safer and rollups are finally affordable.” Read More
1inch reveals new cross-chain swap feature
1inch claims that the feature has built-in security against maximal extractable value (MEV) attacks.
Decentralized exchange (DEX) aggregator 1inch revealed a new feature that allows users to swap their digital assets cross-chain while retaining self-custody of the assets.
The “Fusion+” feature combines both onchain and offchain liquidity to deliver swaps. 1inch claims the feature has built-in protection against maximal extractable value (MEV) attacks.
The feature is powered by atomic swap technology, which, according to 1inch, is designed to support “all-or-nothing” transactions. If a swap fails, all the funds are returned to the sender.
The swaps are also governed by smart contracts, verifying all the swap conditions. This means the transfers are trustless and do not need third-party approvals.
In decentralized finance (DeFi), cross-chain transfers require bridges. These bridges allowed users to transfer assets from one blockchain to another. However, bridges caused massive losses because of their vulnerabilities. With 1inch’s new feature, cross-chain swaps can happen without a bridge. Read More
BitGo Takes On Coinbase and Tether With USDS Stablecoin Launch
Crypto custodian BitGo just launched a new stablecoin, USDS. Will it find a place in a crowded market dominated by Tether and USDC?
The stablecoin wars are heating up, and American digital asset custodian BitGo is the latest to join the fray with Wednesday’s launch of its new U.S. dollar-pegged coin.
Dubbed USDS, the asset will prioritize “fairness, transparency, and market neutrality,” BitGo said in a statement. USDS will be available in January 2025, the firm said, with rewards promised to users.
The launch comes as the Palo Alto, California-based company appears to be taking the fight to Coinbase, America’s biggest crypto exchange, over hot new digital asset products.
Just last week, the San Francisco-based Coinbase launched a new “wrapped” Bitcoin token called cbBTC–an asset pegged 1:1 to Bitcoin that can be used on Ethereum and its Coinbase-incubated Base layer-2 network.
That move came after BitGo, the custodian of WBTC—the original and most-used wrapped Bitcoin token—announced it was teaming with Hong Kong-based BiT Global to “diversify custody operations and cold storage across multiple jurisdictions” for the cryptocurrency. Read More
The New Mini Blog Newsfeed Is Here At Markethive! A significant achievement unlocked, with many more to come
The Markethive Social Market Broadcasting Network is rapidly gaining prominence as a blockchain-based ecosystem that empowers entrepreneurs with a unique blend of uncensored expression and impartial dialogue, fostering a spirit of collaboration. This sets it apart from the often divisive and restrictive social media landscape.
At Markethive, your experience is our top priority. That's why we're recognized for our evolutionary and innovative ethos. We consistently broaden our decentralized, all-encompassing platform, creating a distinctive news feed interface that fully captures the user's experience.
We operate as an Inbound Marketing platform similar to Marketo and Paragon. The platform is comparable to popular platforms such as YouTube, Instagram, LinkedIn, and Twitter. However, we aim to surpass these traditional Web 2.0 media platforms with the upcoming release of Markethive 2.0, which includes various new features and an improved layout.
In contrast to traditional social media platforms, which rely on a single, primary news feed algorithmically set by the central authorities, Markethive's innovative approach will incorporate four distinct news feeds tailored to support the diverse range of features and functions within the Markethive ecosystem.
Markethive's feeds, including the Conglomerate or general newsfeed, video content, blogging, and curated content, are all about putting you in control. With advanced algorithms, you can tailor these feeds to your preferences, giving you the power to shape your Markethive experience. Markethive's reach is vast, as it consolidates the various features of other platforms into a single, unified system. Read More
Solana’s New Phone Promises More for Less—And Already Seeing Huge Demand
The newly revealed Solana Seeker brings various enhancements over the Saga smartphone—at less than half the price.
Last year’s launch of the Solana Saga smartphone was a big bet by Solana Labs that didn’t initially appear to pay off. But a year-end surge in demand around the then-discounted phone, thanks in part to the surging value of token airdrops tied to it, cleared out the remaining stock and prompted questions about what’s next.
Enter “Chapter 2.” Revealed in January, just weeks after the airdrop craze that revitalized the Saga’s fortunes, the next Solana phone is set to launch in mid-2025 as the Solana Seeker after already attracting 140,000 pre-orders.
Solana Mobile, the Labs division behind the hardware, revealed the official branding and a first look at the next Android handset onstage at Token 2049 in Singapore Friday.
And it’s different. The previously announced $450 pre-order cost—less than half that of the Saga—might have already suggested that, but Solana Mobile General Manager Emmett Hollyer told Decrypt that we shouldn’t judge the Seeker by its much lower price point.
“We've priced it very aggressively because we want it to be accessible for growth,” he said, “not necessarily because we see this in any way of a step down". Read More
SUI could soon be Solana’s fiercest competitor — K33 Research
Sui’s technical capabilities and the upcoming release of a native gaming console could see the network eventually rival Solana, but tokenomics pose a looming threat.
Solana may be the top alternative layer-1 network next to Ethereum right now, but the Sui Network could eventually rival that position, according to analysts from K33 Research.
In a Sept. 18 research note, K33’s DeFi analyst David Zimmerman said that Sui’s performance relative to Solana, combined with its architecture and upcoming game console release, could make it a top contender among “alt L1s.”
“Solana often steals the focus in the L1 wars, but while SOL/ETH has gained 6% since the August open, SUI/SOL has rallied 115% in the same period,” said Zimmerman.
Zimmerman explained that Sui has all the necessary technical gusto to become a rival to Solana. Sui boasts a theoretical maximum of 297,000 transactions per second (TPS), compared to Solana’s theoretical maximum of 65,000. Read More
Exploring the History of Staking
Cryptocurrency staking is a popular way to increase digital assets. It is similar to depositing money in a bank, which uses customer deposits to form loans for others and incentivizes them with interest payments.
More specifically, crypto staking is the transfer of a part of coins to the blockchain to keep the network functioning and secure.
For this contribution, coin owners are rewarded in the form of a percentage of the deposited funds. The process is a way to make passive income, so it’s quite convenient.
Staking has not always been talked about and used as much as it is now. To understand how this phenomenon became so popular, it is worth studying its history.
For a more complete understanding of the topic, it is necessary to consider such concepts as PoW (proof-of-work) and PoS (proof-of-stake) mechanisms, as they had a direct impact on the staking emergence.
Looking ahead, staking appeared as a result of PoW problems. Read More
AI agents could be policing all crypto txs within 5 years — Chainalysis CEO
Chainalysis CEO Michael Gronager believes “it’s not much further away” before governments use AI agents to catch onchain crypto wrongdoers.
Government prosecutors and taxation authorities will use artificial intelligence to scan the blockchain and “solve crime” within the next five years, according to the CEO of Chainalysis.
“It’s not much further away,” said Chainalysis CEO Michael Gronager when Cointelegraph asked whether generative AI agents could sift through the blockchain for governments within three to five years.
“In some years from now, crypto would more or less be the only way you would want to solve crime because it’s far more scalable, it’s far easier, it’s very transparent, you can do it internationally, and you can see a lot more insights,” Gronager said at the Token2049 conference in Singapore on Sept. 20.
The CEO said automating these investigations with generative AI — as opposed to a mass of government agents — would be more efficient, as it would prevent different departments from stepping over each other. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
