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Covalent CEO: There’s an ‘unresolved backlog’ of unfilled Web3 data roles
The demand for on-chain analysts is set to further increase with Web3 data outgrowing Web2 data over the next 20-30 years, says Covalent's Ganesh Swami.
Ganesh Swami, CEO of blockchain data aggregator Covalent says there continues to be an “intense demand” for on-chain data analysts, that is yet to be satisfied.
Speaking to Cointelegraph, Swami said that analysts are in “intense demand” as there’s a “real need” for data experts to “make sense” of on-chain data, explaining:
“There is an unresolved backlog of unfilled data-driven roles. This demand is a testament to how eager blockchain and non-blockchain companies alike are to make sense of their own and competitors’ on-chain data.”
Swami explained that while the demand for on-chain data analysts has yet to eclipse their Web2 counterpart, the growth of stablecoin usage, lending, and decentralized finance (DeFi) products over the last 18 months has led to increasing demand for the job title. Read More
Payments Giant Mastercard Launches Cryptocurrency Anti-Fraud Tool for Card Issuers
Mastercard’s Crypto Secure product helps banks to determine the risk of crime associated with crypto exchanges on its payment network.
Payments giant Mastercard today is launching Crypto Secure, a new software product designed to help banks and other card issuers identify and block suspicious transactions from crypto exchanges, according to a CNBC report.
A similar system is already in place for Mastercard’s fiat transactions, with the technology now expanding to Bitcoin and other major cryptocurrencies.
Powered by CipherTrace, the crypto sleuth company Mastercard acquired last year, the tool uses “sophisticated” artificial intelligence algorithms and data from public blockchains to determine the risk of crime associated with crypto exchanges connected to the payments network.
The platform offers a dashboard with color-coded ratings representing the risk of suspicious activity, with the severity of risk ranging from red for “high” to green for “low,” per the report. Read More
Spanish Telecom Giant Telefonica Invests in Bit2Me, Pilots Cryptocurrency Payments
Telefonica, one of the world’s largest telecom companies, has closed an investment in the Spanish cryptocurrency exchange Bit2me. The company, which has been very active in the metaverse space, is entering the crypto payments arena by running a pilot to allow its customers to make payments via its online store Tu.com with an upper limit of $490.
Telefonica Invests in Cryptocurrency Exchange Bit2me:
Telefonica, the fourth-largest telecom company in Europe, has decided to tackle the cryptocurrency business. The company announced an investment in Bit2me, a Spain-based cryptocurrency exchange, that will give it access to the implementation of the technology stack of the organization. The investment, whose details and numbers were not disclosed, is the first move of the company in the crypto area. Read More
Next Generation Mainnet Project NvirWorld Signs MOU With “High-Performance” Blockchain Solana
NvirWorld, a blockchain company with platforms such as NFT marketplace Nvir Market and decentralized finance (DeFi) service N-Hub, announced the MOU with the Solana Foundation.
NvirWorld signed an MOU with the Solana Foundation on September 23, agreed on long-term strategic cooperation aimed to support and promote the development of NvirWorld’s projects built on the Solana blockchain.
Solana is known as one of the fastest blockchains in the world and is considered a strong competitor to Ethereum, which has the 2nd largest market capitalization in the crypto market. Solana surpassed Ethereum's daily trading volume in the 2nd quarter of this year, exceeding 40 million.
NvirWorld's NWX (NvirWorld X-CLUB) NFT, a unique membership NFT cards, was issued on the Solana Blockchain, and NvirMarket introduced the Solana Blockchain Network in June to support Ethereum and Solana multi-chain. Read More
We have a lot to be grateful for within Markethive. It’s like stepping out of the rat race into an oasis of humanity at its best. As an inbound marketing, business-based blockchain platform with an inherent entrepreneurial spirit, we have all the tools to get our message out to the whole world. We have a social media interface with a collaborative ethos rarely experienced on legacy social media.
We are starting to see new integrations in the blogging section in preparation for the customized, more intuitive interface and dashboard of Markethive and, of course, the Markethive Wallet that will facilitate the Merchant accounts for members as well as personal transactions, the Vault, etc.
The new-look Blogcasting Hub is located at the top of all blogs in the system. Blogcasting is a term introduced by Markethive and is an enhanced broadcasting system. In the traditional broadcasting sense, only the people who physically subscribe to your blog or newsletter are usually notified of your updates via email.
With this blogcasting system, your social networks are informed of your blog as and when you publish them. What this means is the potential reach is into the millions. Read More
Vitalik Buterin Reveals Ethereum’s (ETH) End Game, Names Several Big Visions for Future
Ethereum (ETH) creator Vitalik Buterin is laying out what he hopes the end goals are for the second-largest crypto by market cap.
In a new interview with the Bankless podcast, Buterin says Ethereum is guided by values rather than ultra-specific ultimate goals.
“Ethereum’s ethos from the beginning has been to insist on a few particular values but otherwise not have its own picture of what specific things it brings to the world, but leave that up to the ecosystem and lots of different groups to create their own vision. And I think just having a well-functioning global cryptocurrency is a huge amount of value by itself. It’s especially valuable to people outside of the first world and in places like Latin America, Africa, Eastern Europe and Central Asia and other places that have a harder time with the existing financial system.”
Buterin envisions Ethereum serving as the “substrate” for decentralized autonomous organizations (DAOs) and other mechanisms.
“Identity is one of the biggest examples. Can we create some kind of more decentralized model of identity and really start with some of the tools that the Ethereum ecosystem has already, whether it’s accounts and hopefully soon social recovery wallets and ENS [Ethereum Name Service]?” Read More
Charles Hoskinson Says There’s ‘Humongous Appetite’ for Cardano Strategy, Outlines Path for Mass Adoption
Cardano (ADA) co-creator Charles Hoskinson says they have built a community and an ecosystem primed for mass adoption.
In an interview with Messari founder Ryan Selkis, Hoskinson reiterates the importance of taking an academic and scientific approach to the development of the Cardano blockchain.
According to the Cardano creator, their slow but steady methodology is something that the community clamors for, especially during crypto winters.
“Every step of the way with Cardano, we just basically said we’re going to start from something that makes sense. We’re going to write papers. We’re going to validate those papers in the academic community. There are now over 150 of them that we’ve written as an ecosystem by top professors.
We have a lab at Stanford. We have a lab at CMU (Carnegie Mellon University). We have people in Europe at Edinburgh, people in Japan at Tokyo Institute of Tech, and then through an evidence-based way we’re gonna roll it out. And so it’s built this great community that basically says, ‘Look, these guys eventually will get there. They’re eventually going to figure it out. And wherever they get to, it’s probably going to be something that works and it’s global scale.’
And there’s a humongous appetite in our industry for that, especially during bear markets. You don’t capture anything during the bull market, but during the bear market everybody’s collapsing. All the bridges are getting hacked. All these DeFi (decentralized finance) Ponzi schemes fall apart that we keep saying are problems. So that’s the community we built and the ecosystem we built. Now we are enjoying the dividends of that approach.” Read More
Near Protocol partners with Google Cloud to support Web3 devs
Under a partnership with Near Protocol, Google Cloud will support Near developers in building and scaling their Web3 projects and DApps.
Near Foundation has announced a new partnership between Google Cloud and Near Protocol, providing infrastructure for Near’s Web3 startup platform, Pagoda.
According to an Oct. 4 announcement, this partnership will allow Google Cloud to provide “technical support” to Near grant recipients by providing infrastructure for Near’s Remote Procedure Call node provider to Pagoda.
Near Protocol is a decentralized application (DApp) platform that focuses on usability among developers and users. It utilizes sharding technology to achieve scalability and, as a competitor to Ethereum, is also smart-contract capable and a proof-of-stake blockchain.
Launched in February 2022, Pagoda is a startup platform that provides Web3 developers building on Near with a full-stack toolset to construct, launch and maintain their Web3 projects or DApps on the blockchain. Read More
Reversible blockchain transactions are key to fighting crime in crypto
For some users, reversibility runs up against the idea of the blockchain. However, it could be a critical tool for fighting hackers and encouraging the mass adoption of cryptocurrency.
A proposal out of Stanford University to make crypto transactions reversible is adding a wrinkle to discussions of crime and fraud prevention. Researchers suggested that mutability — the ability to reverse blockchain transactions — would help prevent crime.
One of the advantages of cryptocurrency is that it is possible for the market — individuals, traders and banks — to decide if reversibility is wanted. Not only would a new (reversible) cryptocurrency be able to test the acceptance or desire for reversible transactions, it would help to test the idea that reversibility reduces crime.
Although cryptocurrency is not a tool of the dark web, it’s sometimes portrayed as such. Fraud, scams and other forms of crime do happen and are growing in proportion with the amount of money invested and the number of coins traded.
One of the main ways law enforcement addresses crime in crypto markets is with blockchain forensics. Blockchain forensics is a growing field in law enforcement where transactions are analyzed to follow and recover stolen or fraudulently obtained cryptocurrency assets. 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.
