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CertiK migrates blockchain applications to Alibaba Cloud
Blockchain security firm CertiK migrated its cloud infrastructure in Asia to a cloud computing subsidiary of Chinese e-commerce giant Alibaba.
As part of the deal, CertiK will host its suite of 12 blockchain applications on Alibaba Cloud and use its cloud resources to provide Web3 services.
By hosting its services on Alibaba’s centralized cloud infrastructure, CertiK aims to provide its blockchain developers with a secure environment in which to develop and deploy Web3 applications. Ronghui Gu, co-founder of CertiK said:
“For over five years, we have believed in the transformative power of blockchain technology. We look forward to empowering developers with secure blockchain development and deployment through Alibaba Cloud’s platform.” Read More
Here’s how to tackle DeFi fragmentation through unified liquidity
By unifying liquidity across multiple blockchains, this solution enhances trading efficiency and reliability in DeFi, addressing the issue of liquidity fragmentation.
Liquidity fragmentation is a persistent issue in decentralized finance (DeFi), where assets and trading volumes are spread thin across multiple layer-2 networks. DeFi’s fragmented liquidity often results in higher trading costs, slower transactions and reduced leverage opportunities, causing inefficiencies and limiting the potential for seamless trading experiences.
DeFi needs unified liquidity across chains. By integrating trading orders into a single, cohesive orderbook, such solutions promise to enhance trading efficiency, paving the way for a more integrated and effective DeFi ecosystem.
Orderly Network is a layer-2 platform that delivers a permissionless liquidity layer for Web3 trading. Powered by the Orderly Chain and LayerZero, it provides the necessary liquidity and infrastructure for efficient permissionless trading. Read More
Polkadot’s $245M treasury not limited to 2-year runway, despite community concerns
Polkadot’s treasury holds just under $245 million worth of assets, but that doesn’t mean that its runway is limited to two years, despite concerns raised by recent reports.
Community concerns were raised following a Polkadot treasury report alleging that the project would only have two years’ worth of budget with the current spending.
“Polkadot’s Treasury is becoming more complex and harder to grasp,” its head ambassador, Tommi Enenkel, wrote in a June 28 treasury report for 2024’s first half. “Polkadot is spending directly as well as allocating value in bounties and collectives to be spent in the future.”
“At the current rate of spending, the Treasury has about two years of runway left, although the volatile nature of crypto-denominated treasuries makes it hard to predict with confidence,” Enenkel added. “This has sparked discussions ranging from a stricter budgeting approach to a change in the inflation parameters of the system.” Read More
Coinbase Puts SEC on Notice: ‘Liability Shouldn't Depend on Which Court You Get Sued In’
Coinbase’s push for an appellate review seeks to bring stability to the application of securities laws to crypto assets.
Coinbase has filed a notice in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), citing a recent court ruling in favor of Binance.
The ruling from Judge Jackson in the SEC v. Binance Holdings Limited case late last month dismissed the SEC's claim secondary market transactions in the BNB token on Binance's platform were investment contracts.
In a letter to U.S. District Judge Katherine Polk Failla on Monday, lawyers representing Coinbase argued the Binance decision highlights inconsistencies in how courts apply the Howey test to crypto.
The letter argues the SEC's stance deviates from the established Howey framework, which has traditionally guided the determination of what constitutes a security. Read More
How To Excel At Customer Acquisition Through Content Creation With Markethive
Acquiring customers is vital for a business's success, serving as the main driver for marketing efforts and overall business expansion. However, the process has become fiercely competitive and increasingly costly, with the customer acquisition cost (CAC) rising by over 60% in the last six years. This increase in CAC is due to various factors, such as increased competition, rising advertising costs, and changing consumer behaviour, making it more critical than ever for businesses to invest in effective customer acquisition strategies like content marketing.
Navigating the crowded online landscape can be a significant hurdle as businesses flock to establish a presence through various digital platforms. However, these channels present a tremendous chance to stand out and acquire new customers through compelling content. By creating informative and engaging content, businesses can cut through the noise and take control of their customer acquisition strategies, empowering them to shape their own success.
It’s exceptional, customer-centric, search-engine-friendly content that resonates with audiences and drives conversions. Search-engine-friendly content refers to content that is optimized to rank high in search engine results pages (SERPs). This involves using relevant keywords that your target audience will likely search for, creating high-quality backlinks from reputable websites, and ensuring the content is easy to read and navigate, with clear headings, subheadings, bullet points, and short paragraphs.
By creating search-engine-friendly content, businesses can increase their visibility and attract organic traffic. While most companies acknowledge the significance of digital content, it's surprising that only a few prioritize crafting high-performing content that delivers results. Instead, they churn out subpar material that lacks impact, leaving a gap in the market for those who do prioritize it. Read More
Hashnote Partners With Anchorage Digital to Offer Secure Crypto Investment Returns
On Monday, Hashnote stated that the “collaboration integrates Anchorage Digital’s secure custody services with Hashnote’s advanced derivative strategies, providing a secure environment for yield generation.” According to the firm, by keeping assets in Anchorage’s secure custody and utilizing Hashnote’s strategic expertise, the collaboration aims to reduce counterparty risk in order to provide “peace of mind” to institutional investors.
Hashnote, a regulated asset management platform, specializes in providing institutional-grade digital asset investment solutions. It offers a range of investment options, including cash management through interest-bearing products, crypto yield and hedging strategies, and long token funds. The platform is registered with the U.S. Commodity Futures Trading Commission (CFTC) and the Cayman Islands Monetary Authority (CIMA).
Anchorage Digital, the federally chartered cryptocurrency bank in the United States, provides integrated digital asset financial services and infrastructure solutions specifically designed for institutions. Anchorage’s services include the custody of digital assets, staking, governance participation, 24/7 trading, and lending. The company employs biometric authentication, behavioural analytics, and hardware security modules to safeguard digital assets. Read More
Cardano’s Founder Charles Hoskinson Has an Interesting Take on AI Models
The censorship of AI models highlights the need for decentralized AI.
Charles Hoskinson, the co-founder of the blockchain platform Cardano, believes artificial intelligence (AI) models are losing their utility over time.
In a Sunday tweet, Hoskinson said the reason is the alignment training that comes with AI censorship.
AI censorship refers to the use of machine learning algorithms to automatically filter content considered objectionable, harmful, or sensitive. Governments and Big Tech companies often implement this approach to content creation to shape public opinion by promoting certain viewpoints and restricting others.
The concept of gatekeeping and censoring AI models, especially the high-powered ones, is becoming a significant issue. Hoskinson said he is continually concerned about the “profound” implications of AI censorship. Read More
TON blockchain integration enhances digital asset security
Cobo, a digital asset custody and wallet provider, has announced that it will support The Open Network (TON).
This integration brings Cobo’s comprehensive custody solutions to the TON blockchain, including custodial wallets and multiparty computation wallet tech.
Through the collaboration, Cobo will integrate TON's native Toncoin (TON) token, Notcoin (NOT) and stablecoins such as Tether.
The integration between Cobo and TON follows a large influx of Web3 support for the blockchain, which powers Telegram’s new advertising platform.
The integration aims to improve the security and flexibility of digital asset management for institutional clients and increase Cobo’s service offerings.
Although adding the TON blockchain to Cobo’s services can expand token support for the wallet provider, TON's multichain architecture and sharding tech can present multiple technical hurdles. Read More
How a crypto-native marketplace integrates blockchain and real-world insurance
While tokenization holds significant potential to transform insurance and investments in real-world assets, Nayms is working to ensure this transformation is safe, efficient and inclusive.
Often viewed as outdated and cumbersome, the insurance industry has made strides in adopting data analytics over the past decade, significantly reducing claims processing times.
Technologies like artificial intelligence (AI) and machine learning (ML) have proven their effectiveness in customer service chatbots, predictive maintenance and fraud detection applications.
Despite these advancements, traditional insurance markets still lag. With expensive back-office functions, manual accounting and value exchange between multiple parties and, in some cases, an industry continuing to rely on wet-ink stamps on paper, the industry shows consistent resistance to change.
Blockchain technology offers a promising solution, bringing full transparency and traceability to the industry. It also enables greater automation in operations such as claim payments and policy issuance through smart contracts — self-executing blockchain-based codes. 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.
