Here is What Was Important for crypto world this week:-
1.Diginex Announces the Public Launch of EQUOS.io(Crypto Exchange)
2. Cardano Launches Shelley Mainnet, Offers Staking Rewards to All
3.TradeStation Crypto Adds Cryptocurrency Deposit & Withdrawal Option
4. Cellebrite Launches Crypto Tracer Solution Powered By CipherTrace
5. Validator Launchpad For Ethereum 2.0 Final Testnet Released By Developers
1.Diginex Announces the Public Launch of EQUOS.io(Crypto Exchange)
Diginex, a blockchain Firm based in Hong Kong, has announced the public launch of its new crypto subsidiary exchange EQUOS.io, to become the first crypto trading platform listed in the United States. The exchange will be based in Singapore . The announcement is published via official Diginex News Post on July 30, 2020.
The exchange will at first host crypto asset spot trading, with plans for “perpetual swaps, dated futures, options, and different derivatives products” to follow soon. The platform will use USD and the USD Coin (USDC) stablecoin at launch.
EQUOS.io’s spot exchange has applied for license under Singapore Payment Services Act and will give a reasonable and straightforward platform for users. Accordingly , EQUOS.io hopes to be ready to turn into the trading venue of decision for proficient and institutional investors and traders.
Neil Sheppard, COO of Financial Services at Diginex, said:
“The present announcement represents a critical milestone for Diginex as we progress towards our goal of facilitating the maturation of the digital asset class. EQUOS.io is designed to provide a single secure integrated trading venue that meets the needs of professional traders, with features such as segregation of sub-accounts and seamless USD/USDC integration at launch.”.
Diginex said that it would consolidate its recently launched exchange with 8i Enterprises Acquisition Corp, the NASDAQ-listed (NASDAQ) special purpose acquisition company (SPAC). This obtaining of Diginex by the 8i Enterprises Acquisition Corp is relied upon to happen in the third quarter of 2020.
EQUOS.io works in Singapore under a transitory exclusion from authorizing under the country’s Payment Services Act 2019. it has applied for a Major Payment Institution license from the Monetary Authority of Singapore, in accordance with current guidelines.
About Diginex
Diginex is a blockchain financial services and technology company. Diginex accomplices with institutional financial specialists, companies, and governments to make digital assets more accessible, business processes more efficient and secure.
2.Cardano Launches Shelley Mainnet, Offers Staking Rewards to All
Cardano (ADA) has now officially changed from the Byron mainnet to the Shelley mainnet via a hard fork After almost five full years of development. The launch of Shelley has now achieved about staking and aided Cardano progress from a centralized federated system to a completely designated proof-of-stake. The announcement is published through official Cardano News post on July 30, 2020.
Cardano launched its Shelley mainnet on July 30, 2020, presenting staking rewards for all users who own its ADA cryptocurrency.
Cardano offers two types of staking. Advanced users can run their own staking pools, which requires technical management and reliable uptime. In the interim, typical users can delegate their ADA tokens to those pools and acquire rewards with minimal effort.
Clients are currently ready to cold stake ADA legitimately from their Ledger hardware wallets, while support Trezor will be accessible in the next weeks. Users can expect to earn around 5 percent APY on their staked ADA.
Users who stake between July 29 and August 3 will receive the first payouts on August 18. Rewards are determined consistently, as shown below.
IOHK has given a perfect staking calculator on their website which clients generally estimate staking rewards.
The ADA development roadmap has five phases; Byron, Shelley, Goguen, Basho, and Voltaire. The Shelly phase is designed to incorporate “the basic early strides in Cardano’s journey to upgrade decentralization.”
A recent blog post suggests about 300 community stake pools have already joined the latest adaptation of the Shelly testnet which will be deployed to the mainnet as a major aspect of the upcoming hard fork.
Various node updates have been released for Shelly including hard fork-ready versions of Cardano GraphQL, Cardano REST, and Cardano DB-Sync. A new version of the Daedalus wallet, V1.6.0 STN5, has also been released in anticipation for the hard fork.
What is Shelley?
Shelley is one of the five stages of Cardano’s development. Shelley marks the starts of Cardano’s network decentralization and represents the most significant milestone to date. Quite a bit of Cardano is being developed in parallel, and Shelley fills in as the network’s establishment : once it’s finished, substantially more gets possible, including the smart contract functionality of the Goguen era.
3.TradeStation Crypto Adds Cryptocurrency Deposit & Withdrawal Option
TradeStation Crypto, Inc a subsidiary of TradeStation Group, Inc. which in turn is part of the Monex Group, a Japanese financial services supplier has announced that it has launched a set-up of new highlights to its crypto brokerage offering. It including crypto deposits and withdrawals, new interest earning capabilities on eligible assets, capacity to track profit and loss (P&L), and mobile trading through the TradeStation mobile app. The Announcement is published via official Tradestation press release on July 29, 2020.
Under the new developments, the crypto brokerage, crypto investors can buy and sell crypto, however would now be able to deposit cryptocurrencies they effectively own. What’s more, customers can earn interest on eligible assets at the same time, without locking up their crypto.
James Putra, Senior Director of Product Strategy at TradeStation Crypto said:-
“We’re excited to be able to include these new abilities and offer our customers a one-stop-shop for all products under the TradeStation Group umbrella,”. “This is just the beginning of new innovations on the horizon to improve the customer experience. More features are being developed as we speak, and will be introduced to our traders in the coming months, as we strive to make trading crypto as accessible and intuitive as possible.”
Also, TradeStation Crypto has introduced its mobile app trading abilities, close by the current trading platform, allowing investors to trade by means of their mobile devices. The brokerage also gives a dedicated platform to facilitate cryptocurrency trading for institutional investors.
About TradeStation Crypto
TradeStation Crypto was launched in November of 2019 in the United States. It is a subsidiary of TradeStation Group, In. that offers cryptocurrency brokerage services for self-coordinated online traders. It also won Best Bitcoin Trading Platform. TradeStation Crypto allows you to buy, sell and trade cryptocurrencies, however you can easily move between all trading platforms offered by TradeStation organizations.
4.Cellebrite Launches Crypto Tracer Solution Powered By CipherTrace
Cellebrite “the worldwide pioneer in Digital Intelligence (DI) firm for public and private sectors” has announced that it has launched of its cryptocurrency and blockchain tracing tool “Cellebrite Crypto Tracer” . The announcement is published via Cellebrite official press on July 28, 2020.
The tracking solution is powered by CipherTrace crypto intelligence tool will help investigators to compile countless private sources, open sources, and deception data. Resulting in an expansion of dataset more than 522 million attributable factors.
The suite of tools will be accessible to investigators, analysts and non-technical operators who need to legitimately obtain evidence and trace criminals who use cryptos like Bitcoin (BTC) through the darknet. its new tool Cellebrite offers law requirement and corporate users the capacity to conduct crypto fraud investigation for them.
Stephen Ryan, COO of CipherTrace said :-
“We’re eager to offer our top tier cryptocurrency tracing and blockchain expository abilities to upgrade Cellebrite’s Digital Intelligence, training and investigative services,” “As criminals increasingly utilize cryptocurrencies in their illegal activity, our partnership with Cellebrite will be significantly more essential to making the digital world a more secure spot.”
The Cellebrite Crypto Tracer Solution gives investigators the ability to:
- Utilize a Blockchain Search Engine: Simply enter a cryptocurrency address or transaction ID into an intuitive search bar that will auto-complete long addresses.
- Conduct Risk Scoring: Profile hundreds of global exchanges, ATMs, mixers, money laundering systems, gambling services, and known criminal addresses and assign risk levels to transactions.
- Show a Deep Analysis of Potential Risks: Non-technical users can visualize transaction flows to follow virtual money trails without becoming a cryptocurrency or blockchain expert.
- Demonstrate High-Quality Advanced Attribution: Top entity typologies and attribution collection methods are easily identifiable within Inspector.
- Leverage a Massive Transaction Database: Allows users to understand interactions with a powerful graph that traces the flow of funds over time and through the blockchain ecosystem.
- Operate with Integrated Case Management: Gives investigators a convenient way to save research, replay searches, export investigation reports and collaborate with others involved in the investigation.
Additionally included in Cellebrite Crypto Tracer:
- Cryptocurrency Investigation Services
- Cryptocurrencies Investigation Training
About CipherTrace
CipherTrace
, leading cryptocurrency intelligence company, protects financial institutions from crypto laundering risk and is assisting with becoming the crypto economy by making virtual resources trusted by governments and safe for mass adoption. CipherTrace delivers the world’s most comprehensive cryptocurrency intelligence to identify money laundering, inform law enforcement investigations, and enable regulatory supervision.
5.Validator Launchpad For Ethereum 2.0 Final Testnet Released By Developers
The Ethereum Foundation has launched an Ethereum 2.0 validator Launchpad facilitating the transition to the proof-of-stake (PoS) overhaul in partnership with ConsenSys and DeepWorks . According to the declaration is published via Official Ethereum blog Post on July 27, 2020.
The Launchpad allows clients to monitor and make deposits into the upcoming Medalla multi-client testnet as diggers move to the staking protocol. The launchpad will make it simpler for interested entities to become eth2 validators without settling on security and education.
One of the significant differences between becoming a validator and simply staking is the self-responsibility over your own private keys. The Launchpad gives a total guide through on the risks, responsibilities, and direction on the most proficient method to become an ETH 2.0 validator.
The risks and responsibilities:-
With respect to risk, It need you to understand what your slashing risks are, just as the inherent risks involved with being an early adopter.
One of the responsibilities that validators have on the new chain is participating in accord decisions to receive their rewards. Validators need to stake at least 33 ETH to the platform with a long term view as rewards will begin to be dispensed after Phase 1 (still awaiting Phase 0). Once staked, the recovery of the tokens is irreversible until the Phase 1 release.
Phases of ETH 2.0
Phases 0, 1, and 2 each blueprints a different concept.
Phases 0 spotlights on all the machinery behind ETH 2.0’s consensus, and it tracks the validators and their transaction balances.
Phase 1’ fundamental goal is to deal with the expansion and capacity of new and old information related with ETH 2.0.
Finally, Phase 2 adds execution to ETH 2.0, and this essentially allows programs to be run on top of it.
Ready, Set, Launch
With Medalla testnet set to launch on August 4, the year 2020 has been useful for Ethereum. Medalla is to be the last testnet created by the dominant cryptocurrency platform before ETH 2.0 mainnet is officially in service and open for public use.
