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Cryptocurrencies have been around for more than a decade, but they have gained unprecedented popularity and adoption in recent years. Bitcoin, the first and most well-known cryptocurrency, has emerged as a global phenomenon, reaching new heights of market capitalization and public awareness. But Bitcoin is not alone; there are thousands of other cryptocurrencies, each with its own features, advantages, and challenges.

Some of these cryptocurrencies are designed to serve as alternative forms of money, enabling fast, cheap, and secure transactions across a decentralized network of users. Others are more than just currencies; they are platforms that enable the creation and execution of smart contracts, decentralized applications, and other innovations. These platforms aim to transform various sectors of the economy, such as finance, supply chain, gaming, art, and more.

In this post, we will explore some of the most important cryptocurrencies other than Bitcoin, and how they are driving institutional transfer of ownership. We will look at their origins, characteristics, use cases, and challenges, as well as their potential impact on the future of business and society.

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Ethereum (ETH)

Ethereum is the second-largest cryptocurrency by market capitalization, and the most widely used platform for smart contracts and decentralized applications (DApps). Ethereum was launched in 2015 by Vitalik Buterin, a Russian-Canadian programmer and visionary, who wanted to create a more general-purpose and programmable blockchain than Bitcoin.

Ethereum enables developers to create and deploy DApps that can run on a distributed network of computers without intermediaries or censorship. These DApps can provide various services, such as decentralized finance (DeFi), gaming, social media, identity management, and more. Ethereum also supports the creation and exchange of non-fungible tokens (NFTs), which are unique digital assets that can represent anything from art and music to collectibles and real estate.

Ethereum is powered by its native cryptocurrency, Ether (ETH), which is used to pay for transaction fees and computational resources on the network. Ether can also be used as a form of money, or as a store of value. Ethereum has a large and active community of developers, users, and investors, who contribute to its innovation and growth.

Ethereum is driving institutional transfer of ownership by enabling new forms of decentralized governance, ownership, and collaboration. For example, Ethereum allows for the creation of decentralized autonomous organizations (DAOs), which are entities that operate according to predefined rules encoded in smart contracts, without human intervention or hierarchy. DAOs can enable collective decision-making, resource allocation, and value creation among stakeholders.

Another example is DeFi, which is a fast-growing sector that aims to provide alternative financial services without intermediaries or centralized control. DeFi applications on Ethereum allow users to lend, borrow, trade, invest, and earn interest on their crypto assets in a transparent and permissionless way. DeFi can potentially democratize access to financial opportunities and empower individuals and communities.

Binance Coin (BNB)

Binance Coin (BNB) is the native cryptocurrency of Binance, one of the largest and most popular crypto exchanges in the world. Binance was founded in 2017 by Changpeng Zhao (CZ), a Chinese-Canadian entrepreneur and crypto enthusiast, who wanted to create a platform that could cater to the needs and demands of the global crypto community.

Binance Coin was initially launched as an ERC-20 token on Ethereum, but later migrated to its own blockchain platform called Binance Chain in 2019. Binance Chain is a fast and scalable platform that focuses on facilitating low-cost and high-throughput trading of crypto assets. Binance Chain also supports the creation and exchange of tokens using a simple standard called BEP-2.

Binance Coin has multiple use cases within the Binance ecosystem. It can be used to pay for trading fees on Binance with a discount; it can be used to participate in token sales on Binance Launchpad; it can be used to stake or farm other tokens on Binance Launchpool; it can be used to access various services and benefits on Binance Smart Chain; and it can be used as a form of money or a store of value.

Binance Coin is driving institutional transfer of ownership by enabling users to access a wide range of crypto products and services on one platform. Binance offers not only spot trading but also futures trading.

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Mooky and its unique features

Mooky is a unique meme token that stands out in the crowded world of cryptocurrencies. Unlike many other tokens that lack a clear purpose or mission, Mooky is focused on a specific goal: planting trees to better the environment and inspire change. As a community-owned token with governance, Mooky allows token holders to decide on DAO votes for running operations, giving them a say in the platforms future.

One of the most exciting features of Mooky is its zero tax policy, which means there are no slippage requirements when buying or selling the token. It makes it a popular choice among investors who want to avoid high transaction fees and maximize profits. Additionally, Mookys liquidity is locked for two years, providing stability and security for investors.

Legendary and super rare NFT holders gain entry into the Mooky Ventures Club, which provides bi-monthly airdrops from partnership platforms, merchandise, and passive income from the investment portfolio.

Algorand is a blockchain platform that utilizes a unique consensus algorithm called Pure Proof-of-Stake (PPoS) to achieve fast, secure, and energy-efficient transactions. Unlike traditional proof-of-work (PoW) consensus algorithms used by other blockchain platforms, PPoS ensures that Algorands transactions are processed quickly without the need for powerful computing resources or excessive energy consumption.

One of the critical benefits of Algorands PPoS algorithm is that it allows for high transaction throughput, with the network capable of processing thousands of transactions per second. It makes Algorand an ideal platform for high-volume, mission-critical use cases such as financial transactions, supply chain management, and digital identity verification.

In addition to its speed and efficiency, Algorands blockchain technology also provides robust security features. PPoS ensures that the network resists attacks and that all transactions are final and irreversible once processed.

Algorands blockchain technology also supports the development of decentralized applications (dApps) using smart contracts. These smart contracts are self-executing agreements that enable automated processes and transactions without intermediaries.

Shiba Inu is a cryptocurrency that originated as a meme coin inspired by the famous dog breed with the same name. It was created in August 2020 by an anonymous individual or group known as Ryoshi and gained attention through its playful and whimsical branding.

Initially, Shiba Inus purpose was to serve as a fun and lighthearted cryptocurrency without any specific utility or use case. However, as the popularity of meme coins grew, Shiba Inus value began to rise, and it became a topic of interest among crypto enthusiasts and investors.

In May 2021, Shiba Inu experienced a surge in popularity and value following a tweet by Elon Musk about his own pet Shiba Inu dog. This event and the broader mainstream adoption of cryptocurrencies helped Shiba Inu gain further attention and increased its overall market capitalization.

Despite its origins as a meme coin, Shiba Inu has since developed some utility as a cryptocurrency. It has been listed on several major exchanges, and its holders can use it to participate in various decentralized finance (DeFi) protocols.

Shiba Inus growth in popularity can also be attributed to its strong community and social media presence. The Shiba Inu community has created several initiatives, such as the ShibaSwap decentralized exchange and the Shib Army, which has raised funds for various charitable causes.

There are several factors to consider when considering why Mooky, Algorand, and Shiba Inu are hot picks for 2023. Here are some potential points to discuss:

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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If you work in tech, you know that keeping an eye on emerging technologies is vital to your job. Which technologies will go mainstream over the next few years, and which will fade away? The answer to that question can have a sizable impact on your long-term career.

Amazon Web Services (AWS) and Gallup recently polled 3,000 U.S. workers and 1,170 employers about digital skills training. As part of that survey, the company and the research firm asked employers about the technologies they thought would become a standard part of doing business in the future. Heres what those employers said:

For starters, 5G seems like a no-brainer, given how eventually all mobile devices will end up on that standard. The rise of artificial intelligence (A.I.) and machine learning also seems inevitable, especially since many organizations are already figuring out how to best deploy A.I.-powered chatbots like ChatGPT. Given companies need to crunch massive amounts of data and accelerate their digital processes, edge computing will only become more mainstream, too.

Beyond that, the fate of some of these technologies is anyones guess. While quantum computing is indeed promising, its very much in the experimental stage; incredible advances could ensure companies are relying on quantum computing as a service by the end of the decade, but theres also every chance the technology remains highly specialized for the foreseeable future. While blockchain is popular in the context of cryptocurrency, many companies dont yet rely on the technology for smart contracts and other proposed usesbut that could easily change.

Can virtual and augmented reality, coupled with the metaverse (which is ultimately Metas attempt at creating a buzzword for an AR/VR ecosystem), become as ubiquitous to businesses as laptops and phones? Mark Zuckerberg and Tim Cook hope so, but AR and VR currently remain a niche product targeted mostly at gamers. The tech industry will need to prove the business use-case for AR/VR headsets if it wants to see widespread adoption.

With tech, its impossible to predict what will come next. Nobody in 2005 could have told you that a mobile phone from Apple would create a huge, burgeoning market for apps and services by 2008. If youre a tech professional, that uncertainty is a bit frustrating, because you dont want to waste time and energy learning technologies that will only fade away. That being said, its always worth keeping an eye on tech that business leaders think will become huge over the next several years, and at least taking the time to learn about them in a very top-level way.

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10 Technologies Your Boss Thinks Will Shape the Future - Dice Insights

Utility tokens are paving the way for an exciting new era in the world of digital assets. They open up a world of possibilities by harnessing the potential of blockchain technology, providing access to specialized products and services within decentralized networks. By embracing utility tokens, traders and investors can tap into unexplored markets and establish innovative revenue channels.

These tokens fuel progress and boost efficiency across various industries, reshaping our understanding of digital assets. For those seeking to invest in the promising future of the crypto landscape, utility tokens present an optimistic and essential opportunity for any well-rounded portfolio.

Utility tokens are leading the charge in the exciting world of digital assets, opening up a realm of opportunities by leveraging the power of blockchain technology. They provide value by enabling access to premium dApps, incentivizing usage, reducing transaction costs, enhancing security, and enabling programmable transactions. These tokens have the potential to transform various industries, offering benefits for numerous use cases, such as payments, supply chain management, data storage, and even quality management.

By embracing utility tokens, traders and investors can tap into unexplored markets and establish innovative revenue channels while gaining access to cutting-edge products and services. In addition, supporting utility tokens that offer tangible value helps drive innovation and promotes the widespread adoption of blockchain technology.

For those seeking to invest in the promising future of the crypto landscape, utility tokens present an optimistic and essential opportunity for any well-rounded portfolio. Their transformative nature and ability to fuel progress across various sectors make them an intriguing and valuable addition to those looking to participate in the ongoing evolution of the digital asset space.

Naplozz stands out as a new & undervalued utility project due to its innovative approach to transforming quality management and compliance across various industries. The platform streamlines complex regulatory processes, making them more efficient, transparent, and user-friendly for both organizations and their employees. There are several key reasons why Naplozz is an attractive investment opportunity:

The $NAP Token lies at the heart of the ecosystem, facilitating advanced features and incentivizing employees through the Perform to Earn reward framework. This innovative use of tokens helps organizations motivate their workforce, leading to increased employee performance and engagement.

Overall, Naplozzs unique combination of user-first design, comprehensive ecosystem, token-based incentives, and blockchain integration make it a groundbreaking utility project worth considering for investors and organizations alike. By participating in the upcoming Naplozz Token presale, investors have the opportunity to support a cutting-edge project that promises to shape the future of compliance and quality management across multiple industries.

The potential of smart contracts is widely recognized among cryptocurrency advocates as a key long-term application for this technology. However, a significant challenge arises when blockchain-based smart contracts require access to external data. This is where Chainlink comes into play as an essential solution.

Chainlink functions as an oracle, connecting blockchains to the external world by acting as an intermediary layer between smart-contract platforms, such as Ethereum, and external data sources. In doing so, it provides trustworthy, real-time data, including stock prices, commodities, currency rates, or even weather information.

The importance of this capability becomes evident as DeFi expands. Ensuring access to reliable price information on various assets is crucial for the proper execution of smart contracts related to futures and other financial instruments. As more capital flows into smart-contract platforms, the need for dependable and secure data sources will only grow. Platforms like Aave, Fantom, and Sushi already utilize data feeds from Chainlink.

As global adoption of blockchain technology increases, providing trustworthy data to these networks, such as weather conditions or Internet-of-Things-enabled device data, will become even more essential. This can help improve various aspects of the world, such as combatting climate change. The World Economic Forum highlights oracles like Chainlink as a valuable tool in this regard, for instance, using smart contracts and satellite data to reward regenerative farming practices.

Having established collaborations with prominent companies like Google, Oracle, and SWIFT, Chainlink has emerged as a top Oracle provider in the blockchain industry. Its native token, $LINK, plays a crucial role in the network, facilitating transactions such as compensating node operators.

Filecoin is a groundbreaking blockchain initiative focused on creating a decentralized storage network. Engineered to integrate seamlessly with Web3 and DeFi protocols, Filecoin enables fully decentralized and permanent data storage. The network offers organizations and projects a secure, decentralized, and cost-effective data storage solution supported by a diverse range of storage providers and developers.

Built on the foundational technology of its parent project, IPFS, Filecoins blockchain employs a decentralized peer-to-peer file storage system that allows users to operate their own nodes and store files anonymously. Furthermore, by contributing additional storage to the Filecoin network, users can earn more tokens and enjoy transaction fee reductions.

Filecoin has the potential to benefit millions seeking decentralized digital storage options. Previously, there was no incentive for individual IPFS nodes to share their storage with others. This project leverages the transparency and open market enabled by blockchain technology a stark contrast to the closed nature of centralized entities.

In 2023, identifying high-potential cryptocurrencies involves strategically buying during bear market dips, investigating small-cap projects with high return prospects, and participating in presales for early access to promising ventures. However, exercising caution and conducting extensive research when investing is important.

Notably, Naplozz is currently in its private sale phase, offering a potential opportunity for investors to be a part of its robust ecosystem. Find out more about the project.

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Unique Crypto Projects Offering Real Utility - Finbold - Finance in Bold

Bitcoin edged up on Monday morning in Asia on the first trading day of May to hold above the US$29,000 mark as worries about the U.S. banking system resurfaced and amid bullish price forecasts for the token. Ether dipped below US$1,900, paring its 5% gain in April. Most other top 10 non-stablecoin cryptocurrencies traded lower, though Binances BNB gained after the worlds biggest crypto exchange added the Sui blockchain to its Launchpool. Litecoin led the losers. U.S. equity futures traded flat to lower in Asia ahead of the Fed interest rate decision this week. All three major U.S. stock indexes logged gains for April.

See related article: Weekly Market Wrap: Bitcoin flirts with US$30,000, Ether regains US$1,900

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Bitcoin inched up 0.48% to US$29,309 in the 24 hours to 09:00 a.m. in Hong Kong, according to CoinMarketCap data, holding a weekly gain of 5.32%, after rising to as high as US$29,952 on Sunday.

The worlds largest cryptocurrency tested the lower US$27,000 line multiple times in April, but gained more than 4% for the month for the longest streak of monthly gains since March 2021. This could foreshadow a surge in 2023 that could send Bitcoin to US$105,000, according to a Bloomberg analyst report on Sunday.

Bitcoin could attract investment from global bond investors due to negative real rates and real returns, according to Jamie Coutts, a senior market structure analyst at Bloomberg Intelligence.

Ether dipped 0.81% to US$1,884, but was trading 0.34% higher for the week. The worlds second largest cryptocurrency gained over 5% for the month of April.

Binances BNB jumped 5.56% to US$339.09, logging a weekly gain of 2.05%. Binance introduced Sui blockchains SUI token to its Launchpool on Monday, allowing Binance users to stake their BNB and TrueUSD (TUSD) to farm the recently launched SUI, whose price jumped over 20% in the past 24 hours.

BNB also received a boost from Binances return to Japan. Sakura Exchange BitCoin (SEBC), a regulated crypto exchange platform in Japan that was acquired by Binance in November 2022, will end its domestic services by the end of May and start a new service under the name Binance Japan from June 2023, according to a notice by SEBC on Friday.

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Litecoin led the losers, falling 2.33% to US$88.67 but adding 1.56% for the week.

The total crypto market capitalization edged up 0.09% in the past 24 hours to US$1.20 trillion. The total trading volume over the last 24 hours rose 33.36% to US$32.79 billion.

The indexes are proxy measures of the performance of the global NFT market. They are managed by CryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.

In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.37% to 3,757.67 in the 24 hours to 9:00 a.m. in Hong Kong, but remained 0.55% lower for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts. It is managed by CryptoSlam, a sister company of Forkast.News under the Forkast.Labs umbrella.

Mad Lads, a Solana-based NFT first minted on April 21, logged the largest seven-day sales volume across the market of over US$7.63 million, beating Bored Ape Yacht Clubs (BAYC) US$7.04 million, according to data from CryptoSlam. The floor price of the NFT was 63.75 SOL as of 09:30 a.m. in Hong Kong, almost 10 times higher than the first token minted at 6.9 SOL.

BAYC, one of the biggest NFT collections by market cap, also saw a surge in sales volume in the past 24 hours, jumping 170.22% to US$1.05 million, the largest volume across the NFT market.

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U.S. stock futures traded flat to lower as of 9:00 a.m. in Hong Kong. The Dow Jones Industrial Average futures inched down 0.03%. The S&P 500 futures and the Nasdaq Composite Index both dipped 0.04%.

The three indexes closed higher last Friday on strong earnings from Intel Corp. and Exxon Mobil Corp., and logged gains for both the week and the month of April, according to Reuters on Saturday.

However, the stock market gains last week were overshadowed by worries about the banking industry. The share price of U.S.-based First Republic Bank plunged 43.20% on Friday after the lender reported a 40.8% drop in deposits, or around US$100 billion, since the start of the year. Regulators are preparing to take over and sell the embattled bank, with multiple large financial institutions having submitted bids, according to the Wall Street Journal on Monday, citing people familiar with the matter.

Meanwhile in China, the worlds second-largest economy, the purchasing managers manufacturing index for April unexpectedly fell to 49.2 on month, missing expectations of a 51.4 gain, pointing to slower growth in the country, according to Reuters on Monday.

The Federal Reserves next move on interest rates is due on May 3. The Fed has repeatedly raised rates over the past year to bring inflation down to its target range of 2%. With U.S. inflation still trending at around 5%, analysts at the CME Group now expect an 85.5% chance the Fed will raise rates by 25 basis points this week.

U.S. interest rates are currently between 4.75% to 5%, the highest since June 2006.

See related article: Coinbase says SECs legal threats punish transparency, undermine public listing process

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Bitcoin up on bank jitters, price forecasts; Ether dips, U.S. equity futures flat - Yahoo Finance