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Decred (DCR), designed to offer an autonomous and decentralised privacy maximizing currency, has announced the release of DCRDEX 0.6.

DCRDEX 0.6 is the latest version of Decreds decentralized exchange (DEX) platform that improves on previous iterations by introducing direct peer-to-peer (P2P) cross-chain swaps.

According to a press release Decred shared with Invezz, DCRDEX 0.6 removes the need for intermediaries, bringing to users more privacy and security. The release also now offers access to privacy-enhanced cross-chain compatibility.

Brian Stafford, Blockchain Developer at Decred, commented:

With centralized exchanges experiencing frequent hacks and outages, DCRDEX 0.6 is a timely and crucial development in the world of decentralized financeThis latest release demonstrates that users can still exchange their funds without compromising the key principles of security, privacy, and self-custody.

DCRDEX 0.6 supports direct swaps for new assets in Ethereum and USDC, meaning holders can swap for other assets in a peer-to-peer environment that eliminates the need for an intermediary, utility token or such other third-party arbitration.

Users can thus enjoy full self-custody with direct and secure P2P swaps for Ethereum and other L1 chains, including Bitcoin (BTC) and native Decred token DCR. DCRDEX 0.6 also supports native wallets for top altcoins Litecoin (LTC) and Bitcoin Cash (BCH).The wallets leverage the same privacy-preserving light wallet technology used for bitcoin and DCR wallets.

In an effort to foster a fully decentralised DEX platform, Decred has introduced time-locked fidelity bonds. This means theres no more registration fee an initial deposit that users needed to post before they could post orders.

Fidelity bonds allow for funds to remain on-chain for a period, with users able to redeem once the lock period expires. The bonds will only be spendable by those who post them, a feature that could enhance Decreds push for a fully decentralised DEX platform.

DCRDEXs latest version eliminates rent-seeking mechanisms with transactions just between users assets and respective chains.

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Decred announces DCRDEX 0.6 with support for Ethereum and ... - Invezz

The much-awaited Shapella upgrade is live on the Ethereum mainnet. Lets find out more about the upgrade and other noteworthy events that happened in crypto, blockchain, and the web3 space this week.

Bitcoin and many of the top-performing cryptocurrencies are heading toward breakout zones. Will they break up or break down?

Bitcoin has broken to the upside and is now establishing itself above the $30,000 level. Is this the beginning of the bull market?

As the fiat monetary system flounders and cash in the bank buy less and less, more investors are flocking to Bitcoin, which might have started its bull market.

Lightspark, a newly-founded crypto infrastructure firm, has officially launched its Bitcoin Lightning Network implementation designed for enterprise-grade use cases.

Ethereum activated the Shanghai hard fork on April 12 at 22:27:35 UTC combining key changes to the blockchain's Engine API, performance, and initialization improvements to the execution layer (in Shanghai), as well updates to the consensus layer (for Capella).

Etherscan recently announced a new implementation that will no longer display token transfers without any value through its blockchain explorer interface.

In the early hours of April 9, a bug in a smart contract on the decentralized finance protocol SushiSwap led to losses amounting to over $3 million.

SushiSwap has revealed that it has managed to recover 100 ETH, worth around $186,000, following the exploit.

In a big blow to Canadian users, dYdX announced that its decentralized derivatives exchange would no longer be accessible to users in Canada.

MetaMask, a decentralized wallet firm backed by ConsenSys, has announced the launch of a new fiat-to-crypto ramp for its Portfolio dApp.

Coinbase has been awarded $470,000 in restitution in its insider trading lawsuit against the brother of a former employee.

Coinbases head of exchange, Vishal Gupta, is reportedly leaving the company. Gupta plans to exit the crypto exchange but intends to remain in the crypto space.

According to multiple reports, cryptocurrency exchange Gemini has received a $100 million loan from two of its co-founders, Tyler and Cameron Winklevoss.

The Binance crypto exchange has decided to delist the TRON token ($TRX) 3 weeks after the SEC charged SEO Justin Sun and his companies.

Both Robert F. Kennedy Jr. and Ron DeSantis have expressed their displeasure against the Federal Reserves upcoming payments system, FedNow.

This year's G7 Summit, which will be held in Hiroshima, Japan, is set to discuss policy for crypto and digital assets, with a focus on the standards for global implementation of CBDCs.

South Korean authorities have detained several staff members of the cryptocurrency exchange Coinone for breach of trust and other criminal acts.

The NFT collective Proof is launching a new collection, in partnership with artists like Beeple, exclusively for Moonbird collectors.

Reddit has launched its third-generation (Gen 3) NFT collection, featuring more artists working on the theme of futuristic realities.

Solana has recently announced the introduction of state compression technology to significantly reduce the storage costs associated with NFTs on its network.

Gaming hardware firm Razer has announced the establishment of zVentures Web3 Incubator (ZW3I), a new initiative aimed at funding Web3 gaming projects and bringing them to mainstream audiences.

Bluzelle, a blockchain for GameFi, has just released Capella, an NFT marketplace tailored to blockchain-based web3 games.

South Korean cryptocurrency exchange GDAC was the target of hackers on April 9, with the platform losing nearly $13 million during the attack.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Weekly Roundup: Ethereum Uploads Shapella And More - Crypto Daily

Litecoin is one of the only few cryptocurrencies that has managed to stay on track of making growth slowly and quietly, unlike other altcoins. However, going forward, this is expected to change as Litecoin prepares for a crucial update after nearly four years.

While the crypto market has been gripped with discussions about regulatory crackdowns, Ethereum Shanghai upgrade, and the possibilities of an alt season, Litecoin has been rising undetected.

In the span of a month, the altcoin registered a 40% growth in price action rising from $69 to $97. Not only did it mark a solid rally, but it also managed to outperform some of its competitors, including the likes of Avalanche, Polkadot and Tron, whose rallies in the same duration have been less than 40%.

LTC/USD 1-day chart

But this is not the end for Litecoin as LTC stands to be the only token to benefit from both a potential alt season and even a Bitcoin season. This is all thanks to its affiliation with the largest cryptocurrency in the world, which also earned Litecoin the title of Silver to Bitcoins Gold.

Furthermore, Litecoin adoption is also improving again and could significantly benefit from the broader market bullishness. This is crucial for LTC as it hit a snag back in October 2022 when nearly 1 million investors exited the market in less than five days due to unknown reasons. But with the Litecoin halving event coming up, these investors presence is expected to increase again.

Litecoin addresses with balance

Litecoin halving works the same way as Bitcoin halving does, with the LTC rewards for processing a block set to be reduced by 50% every four years or so. LTC rewards started with 50 LTC and are presently at 12.5 LTC following the last halving in 2019. With the next halving expected within the coming four months, the rewards for processing a block will be reduced to just 6.25 LTC.

This could create higher demand for the altcoin in the market as the supply would become limited going forward. Naturally, this could also set off a potential rally and push Litecoins dominance in the crypto market further.

Although during the last halving, LTC noted no significant growth in its price, the situation could be different this time around as it is the altcoin that recently flipped Binance USD (BUSD) and took the spot of the twelfth biggest cryptocurrency in the world.

However, at the same time, knowing Litecoin, the event could go unnoticed since the broader market is still concerned with the potential economic recession that could take place over the next four months. The ongoing regulatory crackdown and dominance of Bitcoin and Ethereum on social mentions would also draw attention away from Litecoin, which would actually be in line with the digital assets nature.

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Litecoin growth goes unnoticed amidst Ethereum upgrade hype; expect this from the next halving - FXStreet

The Shanghai Shapella upgrade is one of the most significant Ethereum developments since the merge last year. The April 12 upgrade was just one step closer to Ethereum becoming more scalable after switching to a Proof-of-Stake (PoS) network last year. The long-awaited update will pave the way for new features such as Ether unstaking.

In a live stream following the hard fork, Ethereum founder Vitalik Buterin stated that Ethereums developers will now prioritize delivering significant scalability improvements to the network. But what about Polygon (MATIC) and other Ethereum Layer-2 scaling networks? With this question in mind, investors have begun to exercise caution when investing in Polygon, as evidenced by the tokens price drop. Analysts believe Polygon (MATIC) will suffer in the coming days.

Polygon (MATIC) was specifically designed as a Layer 2 (L2) network to address Ethereums scalability issues. However, Polygon is threatened by Ethereums transition to a PoS network and the recent move to allow unstaking, paving the way for scalability. Skeptical investors have been moving their funds away from the Polygon (MATIC), fearing further fall.

Polygon fell by more than 5% in the week leading up to the Shapella upgrade, as investors continued to take bearish positions. Santiment, a blockchain data analytics company, reports that over the past week, Polygons transactions worth $100,000 or more have decreased by more than 50%. A drop in whale activity indicates that investors are hesitant to make risky bets on the network. DeFi activity related to Polygon (MATIC) has also decreased significantly in recent weeks. This is according to Glassnode, which has recently reported a significant drop in MATIC tokens locked in smart contracts.

Analysts predict that Polygons price will continue to fall below $1. According to IntoTheBlock, the large number of Polygon investors with a breakeven at the $0.90 range could end the tokens price decline. The breakeven point is the point at which the cost of purchasing a digital asset equals its current market value.

With Polygon (MATIC) on the decline, investors are looking for more profitable alternatives. RenQ Finance is one of the best bets against Polygons bleak future (RENQ). Despite its infancy, RenQ Finance (RENQ) has performed admirably in its presale.

RenQs presale has raised more than $10 million in the first five stages of its presale campaign. This campaign presale has only two stages left, making now the best time to invest. After the launch, market analysts anticipate a quick price rally to trade between $2.5 and $3. Furthermore, its utility is expected to propel market value and place it among the top 25 coins in terms of market capitalization.

RenQ Finance is a multi-chain non-custodial decentralized exchange (DEX) that aims to disrupt trading by providing users with a direct trading option via the RenQ Wallet app. Through the wallet app, RenQ Finance (RENQ) unites all single DEXes under one platform. This provides users with a larger pool of liquidity, allowing for a more profitable trading experience.

RenQ Finance (RENQ) has a comprehensive suite of DeFi products and services to address interoperability and DeFis liquidity issues. These include a cryptocurrency data aggregator, perpetual futures, a vault, a lending protocol, a DeFi and NFT Launchpad, and various forums. These tools work together to provide users with an enjoyable and seamless DeFi experience.

RenQ Finance (RENQ) has a thriving development team working tirelessly to ensure that the new star remains a DeFi sensation. RenQ Finance (RENQ) intends to launch its mainnet in the first quarter of 2024. The platform also aims to introduce additional DeFi services, such as a desktop wallet plugin and a mobile wallet app, for a more streamlined user experience. RenQs innovative tools and unwavering commitment to disrupting DeFi position it well to become a market leader.

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Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Polygon (MATIC) will suffer post Ethereum's Shapella Upgrade ... - NewsBTC

Analysts differ on the amount of ether (ETH) selling pressure that could result from the Ethereum blockchains Shanghai upgrade, scheduled for later Wednesday. The Shanghai upgrade (aka Shapella), will enable validators to withdraw staked ether and rewards that have been locked up.

JPMorgan (JPM) says ether will likely face some selling pressure from the upgrade as more than one million ether staking rewards become instantly available this week.

If you add potential additional selling from staked ether balances that belong to troubled entities, then the selling pressure may be larger in the coming weeks, analysts led by Nikolaos Panigirtzoglou wrote.

The bank says it expects ether to underperform bitcoin (BTC) over the next few weeks.

Bank of America (BAC), meanwhile, doesnt expect the Shanghai liquidity event to directly drive ether selling pressure, but it does expect increased volatility around the event due to lower liquidity, exchange inflows, derivatives activity and price action related to the previous upgrade, the Merge.

Coinbase (COIN) says that a sell-off in ether on the back of this event should be relatively limited.

Selling directly from this source may amount to only about 1% to 2% of total average daily ether trading volumes, and Coinbase says its biased towards the lower end of that range.

ETH performance around the Shanghai Fork will be less dependent on technicals and more contingent on what risk is doing at the time. If the market sees risk assets selling off, investors may decide to unstake and sell ether just to de-risk, while institutions may not step in as aggressively on the buy side, analysts David Duong and Brian Cubellis wrote.

At the time of publication ether was trading 2.5% lower at around $1870.

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Here Is What Institutions Are Saying About Ethereum's Shanghai Upgrade - CoinDesk