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Crypto investors are leveraging the current bull run to achieve 10x gains, with notable attention on Stellar and Uniswap for their advanced contributions to the DeFi space. Stellars introduction of the Soroban smart contracts platform and Uniswaps consistent performance in the market are drawing significant interest.

However, Scorpion Casinos unique model, offering daily passive income through $SCORP tokens, is increasingly favored for its blend of gaming entertainment and investment potential, setting a new standard in the GameFi sector.

The Stellar Development Foundation (SDF) has announced the creation of Soroban, a smart contracts platform built on the Stellar network. This marks a significant milestone in Stellars ten-year history, as Sorobans mainnet phase 2 is now live, featuring a full staking system and enabling the deployment of user-ready decentralized applications (dApps).

Additionally, Soroban utilizes a WebAssembly (WASM) solution to offer developers new platforms for smart contract deployment, thereby expanding the application ecosystem on the Stellar blockchain. With a focus on DeFi services, Soroban aims to enhance Stellars functionality and attract more projects to its ecosystem.

Scorpion Casino has captured the attention of the crypto and gaming community with its advanced presale of $SCORP tokens. Built on blockchain technology, Scorpion Casino stands out with its unique model that rewards token holders with daily passive income, reflecting the casinos performance. With an earnings potential of up to 10,000 USDT daily, the platform offers a novel approach to profit-sharing.

The presales success is evident, having raised over $8.25 million and selling a significant portion of the available tokens. This enthusiasm is further fueled by the anticipation of a top-tier CEX listing on March 25th. As the platform continues to develop, its blend of gaming entertainment and investment potential positions it as a rising star in the GameFi sector, promising both stability and the possibility of 10x returns as the token gains wider recognition.

Lastly, Uniswap (UNI) has seen a moderate rise of 3.24% to $11.14, outperforming the broader crypto market. With a volatility rank of 38, Uniswap is considered moderately volatile, placing it in the bottom 38% of cryptocurrencies in terms of market volatility.

The tokens moderate volatility is accompanied by a low risk/reward gauge reading, indicating moderate price swings and protection against price manipulation. Currently, Uniswap is in a favorable position with support near $10.13 and resistance near $11.73, providing room for growth before encountering selling pressures.

As the crypto market experiences a bull run, investors are exploring various avenues for 10x gains. Stellar and Uniswap have proven to be strong contenders in the DeFi space, with their respective advancements in smart contracts and market performance.

However, Scorpion Casinos innovative approach to combining gaming with investment through $SCORP tokens is gaining favor for its potential to offer both entertainment and substantial returns, highlighting its unique position in the GameFi sector.

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Crypto to Buy Now: Stellar's Sorban, Scorpion Casinos' Daily Staking Reward for 10x Gains and Uniswaps Volatility - Analytics Insight

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Last updated: February 21, 2024 01:24 EST | 1 min read

The Stellar Development Foundation (SDF) has announced the successful deployment of smart contracts on the network, a development they believe will revolutionize their tech stack.

In a Tuesday blog post, the SDF revealed that the Stellar (XLM) network validators had successfully implemented the Protocol 20 upgrade, enabling the activation of smart contracts and initiating the phased rollout of their smart contract platform, Soroban.

Stellar network validators voted to upgrade Mainnet to Protocol 20, kicking off a new era for the Stellar smart contracts tech stack, which delivers a secure, batteries-included developer experience built to scale and for real-world use, the announcement read.

The introduction of smart contracts on Stellar aims to enhance the developer experience, particularly for those utilizing the Rust and WebAssembly (WASM) programming languages.

The move is expected to provide a more user-friendly environment for developers.

Soroban, the smart contract platform initially deployed to the Stellar testnet in October 2022, incorporates scalability features such as predictable fees and independent resource pricing.

The SDF emphasized that this new smart contract ecosystem would empower the creation of decentralized applications (DApps), enabling developers to build innovative protocols and applications on the Stellar network.

The deployment of smart contracts on the mainnet was delayed in January due to a bugfound in Stellar Core.

Although the SDF assured that the bug posed minimal risk, they wanted to address it before rolling out the smart contract platform to ensure the stability and security of applications built on it.

To encourage developers to embrace the Soroban smart contract platform, the SDF initiated a $100 million funding initiative in October 2022.

Over the past two years, the SDF, in collaboration with the Stellar community, has been working on developing smart contract functionality.

However, despite the recent developments, Stellars native token XLM did not witness a significant price surge.

Over the past 24 hours, XLM has experienced a 1% decline, currently valued at $0.116.

XLM has struggled to keep pace with the broader crypto market rally in 2024, remaining 87% below its all-time high of $0.875, reached in January 2018.

The cryptocurrency is among the oldest and most established blockchain projects, having been founded in 2014 by Jed McCaleb.

Before Stellar, McCaleb founded Bitcoin exchange Mt. Gox and was the co-creator of Ripple.

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Smart Contracts Go Live on Stellar, Kicking Off a "New Era" for the Network - Cryptonews

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STX, the native token of the Bitcoin-focused Stacks layer 1 smart contract platform, is making waves in the crypto market after posting a 400% rally since October 2023.

STX trading volume has jumped a staggering 2,600% over the same period to $437.6 million on Feb. 22. STXs performance surpasses Bitcoins BTCUSD 90% increase since Oct. 15,2023, and according to Messari, STX outperformed Bitcoin in 2023 with a 600% increase year-on-year.

State of @Stacks Q4

Key Update:

Stacks emerged as the leading Bitcoin layer, and may solidify this role with the upcoming Nakamoto upgrade and sBTC.

QoQ Metrics

- STX 199%

- Stacks revenue 3,386%

- TVL 363%

Read the report for free https://t.co/MBzi8sLg9t pic.twitter.com/zbLPvDkyrV

This year has seen a growing interest in Bitcoin layer-2 projects not only because of spot Bitcoin ETFs, which now have more than $10 billion in assets under management (AuM), but also because of their focus on Bitcoin Ordinals, which already have a $2.5 billion market cap.

Stacks focuses on Bitcoin layer 2 smart contracts

Stacks is a layer 2 network for Bitcoin designed to support the core decentralized finance (DeFi) features similar to those found within other layer 1 ecosystems such as the Ethereum network and Solana.

Stacks allows users to issue custom cryptocurrencies similar to Ethereums ERC-20 tokens and stablecoins, wrapped Bitcoin, and nonfungible tokens. Stacks also supports a decentralized exchange (DEX) and a liquid staking protocol (LSP).

The growing interest in Bitcoin layer 2s is hinged on their role of strengthening the networks value proposition (and currency) by enabling it to process more transactions.

Increasing network activity on the Bitcoin network is usually credited to the popularity of the BRC-20 token standard and Ordinals inscriptions.

STX price rallies as an upcoming Network update approaches

The STX price rally comes as the community prepares for the upcoming update known as the Nakamoto Release, which is expected to take place before the Bitcoin halving in April.

The upgrade is expected to speed up transactions and introduce a new Bitcoin-pegged token (sBTC), among other improvements. sBTC will be used by Bitcoin holders who want to participate in smart contracts and developers who want to build applications on Bitcoin.

All these developments have increased user interest in Stacks. Data from crypto analytics firm Artemis shows that the number of daily active addresses on Stacks has increased from 961 to over 4,000 over the last 90 days. Similarly, daily transactions have jumped from around 8,340 to 33,000 over the same period.

Another metric used to measure the interest of users in and how much they trust a blockchain network is the total value locked (TVL) on the platform. According to data from DefiLlama, Stacks TVL has increased by 830% from $12.35 million on Oct. 15,2023, to $114.87 million on Feb. 22.

The surge in TVL indicates a significant capital infusion into the Stacks DeFi ecosystem, underscoring investor confidence and active participation in DApps.

Bitcoins uptrend drives a rally in STX

Excitement about spot Bitcoin ETFs in late 2023 and the eventual approval by the U.S. Securities and Exchange Commission in January 2023 saw BTC price rise to a two-year high of $49,000. Similarly, STX rose to hit $2.06, the best price in nearly two years.

Recently, increasing Bitcoin ETF inflows have been driving a strong rally in the BTC price as it rose as high as $53,000 on Feb. 20. STX, again, followed in Bitcoins footsteps, gaining 85% in the last 30 days to hit a new high at $2.90.

With traders expecting Bitcoin price to continue rising in 2024 and the layer 2 Bitcoin development gaining traction, Stacks may further establish itself as one of the dominant projects in the layer 2 Bitcoin sector.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Stacks (STX) price outperforms the market as interest in layer-2 Bitcoin grows - TradingView

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Ethereum co-founder Vitalik Buterin has recently highlighted an innovative artificial intelligence (AI) application. This idea, designed for the formal verification of code and bug detection, aims to tackle Ethereums susceptibility to code bugs.

Buterins support for these solutions reflects the growing synergy between AI and blockchain technologies.

Given the increasing complexity of cyber threats, AIs role in bolstering cybersecurity has become crucial. This is especially true for the Decentralized Finance (DeFi) and smart contract ecosystem, which has billions in total value locked (TVL).

Even giants in the tech industry, such as Microsoft and OpenAI, are trying to enhance cybersecurity with AI. They are exploring AIs potential in both identifying and countering cyber threats. Their collaborative efforts are part of a larger initiative to ensure AI is used responsibly and to enhance cybersecurity measures.

Buterins perspective on artificial intelligence extends beyond cybersecurity. Earlier this year, he shared four innovative ideas for integrating AI with cryptocurrency. These concepts suggest a future where AI and blockchain technology work hand in hand.

One application of AI that I am excited about is AI-assisted formal verification of code and bug finding. Right now Ethereums biggest technical risk probably is bugs in code, and anything that could significantly change the game on that would be amazing, Buterin said.

Another notable idea is the inclusion of AI in blockchain systems, particularly in prediction markets. AI could leverage its vast knowledge in these markets for in-depth analysis, enhancing blockchain applications.

Read more: AI for Smart Contract Audits: Quick Solution or Risky Business?

Furthermore, Buterin envisions AI as a user interface that could simplify cryptocurrency transactions for users. This interface could provide guidance, interpret smart contracts, and prevent scams. Despite the potential benefits, Buterin warns against over-reliance on AI. He advocates for a balance with traditional interfaces to ensure user security and clarity.

Vitalik Buterin also proposes using artificial intelligence to set rules for blockchain games or decentralized autonomous organizations (DAOs). In this scenario, AI could act as a judge or a reference for rules. Another innovative idea is the development of AI systems using blockchain technology. This approach aims to create decentralized, impartial, and secure AI systems.

The enthusiasm for AI in the cryptocurrency sector has led to a surge in AI-related tokens, particularly following the announcement of OpenAIs text-to-video AI model, Sora. Tokens associated with AI or claiming to utilize AI technology, such as Worldcoins WLD, have seen significant price increases, with some tokens setting new all-time highs.

Another AI token, The Graph (GRT), saw an almost 60% increase, briefly surpassing $0.27. Despite these gains, GRT remains significantly down from its all-time high.

Render (RNDR) has also made headlines by entering the crypto markets top 50 following a year-on-year gain of 1,100%. Currently trading close to its all-time high, RNDR exemplifies the potential for AI tokens to achieve new milestones.

Read more: 13 Best AI Crypto Trading Bots To Maximize Your Profits

The surge in AI tokens is not limited to the crypto market. It also mirrors the performance of major AI players in traditional finance, such as Nvidia. Nvidias shares have surged by over 45% since the beginning of the year, contributing significantly to the S&P 500s growth and further fueling the AI token rally.

Disclaimer

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This Is What Vitalik Buterin Thinks About Artificial Intelligence (AI) - BeInCrypto

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Scottish whiskey maker Glenlivet has produced part of the brands most recent advertising campaign through the use of artificial intelligence (AI).

The biggest names in the world are embracing AI and the technologies that can generate image and video content through elaborate algorithms.

Now the timeless tradition of whiskey making sees one of its stalwarts enter the arena with the collection known as the The Twelve Elements.

In a collaboration with the Whiskey Exchange Cabinet, one of the oldest Scottish labels is using its blend of blockchain technology and the timeless allure of the amber nectar known as uisce beatha in Scots Gaelic or the water of life to the rest of us.

The Glenlivet: The Twelve Elements Collection is the first drop on The Whisky Exchange Cabinet, the newly launched blockchain-enabled marketplace which uses smart contracts and immutable Blockchain technology to curate, authenticate and sell some of the most sought-after bottles, the drink-purchasing platform said.

Once a user has registered with the blockchain site, then they will receive what is known as a smart contract. This is essentially a Non-Fungible Token (NFT), which are unique digital items that cannot be duplicated.

Think of this as a stamp or a passport for a bottle that can only be registered digitally as a right of ownership and trade.

The Whiskey Exchange Cabinet says it will look after the bottle until such a time as you, or a future owner, decide to redeem the smart contract and claim your bottle. Smart contracts offer a simple and secure solution to building and managing your spirits collection. The Whisky Exchange Cabinet uses them to enhance traceability from the distillery to a bottles final owner, and to simplify the trading experience.

The branding exercise was released across social media by the world famous Scottish whiskey maker;

The Scottish distiller was created in 1824 and celebrates its bicentennial through the use of AI to earmark a special landmark creation. The Glenlivet: Air, Angel Share, Barley, Cooper, Copper, Distiller, Earth, Fire, Heritage, Time, Water and Wood will be a landmark find for any whiskey collector.

Our extraordinary 50-year-old whisky pays homage to the twelve essential elements of The Glenlivet single malt, from the spiritual to the scientific. The design of each exclusive bottle represents an individual element in the whiskys craft, generated by AI technology, a release on the company site stated of the special occasion.

Glenlivet also boldly claims that this category-first innovation continues our 200-year legacy of pushing boundaries in whisky, forever moving forwards to set new standards in craftsmanship and flavor to produce the highest quality liquid.

Those hoping to land a bottle of the half-a-century-old scotch will have to find 40,000 or $43,406.34 for the limited set that shows off the twelve elements that go into the iconic whiskey-making process.

Image Credit: Glenlivet.

Brian-Damien Morganis an award-winning journalist and features writer. He was lucky enough to work in the print sector for many UK newspapers before embarking on a successful career as a digital broadcaster and specialist. His work has spanned the public and private media sectors of the United Kingdom for almost two decades. Since 2007, Brian has continued to add to a long list of publications and institutions, most notably as Editor of the Glasgow 2014 Commonwealth Games, winning multiple awards for his writing and digital broadcasting efforts. Brian would then go on to be integral to the Legacy 2014, Media and Sport Directorate of the Scottish Government. Working with ministers to enact change through sport with institutions like the Homeless World Cup. He would then lend his skills to multiple private sector institutions. Brian would win national acclaim helping his country deliver judicial education and communications during the pandemic-era. Earning a writ of personal distinction from the Lord President of Scotland for his efforts as the Head of Communications and Digital for the Judicial Office for Scotland. Brian has returned back to the thing he loves most, writing and commenting on developments across technology, gaming and legal topics, as well as any-and-all things sport related.

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200-year-old Scotch whiskey maker enters the AI age with generated labels - ReadWrite

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