June Roundup: Cryptocurrency Winners and Losers 882

Top performing cryptocurrencies were Ethereum Classic and Binance Coin while Neo, Cardano, Iota and Icon were the biggest losers.

Another month went by in crypto land but June would be one that most would want to forget. Looking back at the winners and losers from the month does not display a pretty picture for most of them. Following May’s month of decline the bears hit markets even harder in June pushing them down to their lowest levels in 2018.

Total crypto market capitalization declined in June from $330 billion on the first to $245 billion at the end of the month representing a loss of 26%. Around $85 billion dollars flooded out of the crypto market during June which saw it reach a yearly low of $233 billion on the 29th. Since January’s peak markets have lost 72% to this low point five months later, it marks the third lower low and indicates that the bears were in full control as of the end of June.

Bitcoin fell from $7,500 at the beginning of June to a yearly low below $6,000 at the end of it. If the 20% drop wasn’t bad enough the sub $5,800 dip stung a few investors. Trade volume for BTC fell from $4.5 billion to $3.6 billion and market cap at the end of June was a little over $100 billion. The only good news for Bitcoin over the month was the rise of its market dominance to 42.7%.

June Crypto Winners

Ethereum Classic can only be considered a winner in June because it did not drop and ended the month around the same level as it started, just over $15. Against Bitcoin Ethereum Classic made 20% in June ending at 246400 satoshis. The boost came from Coinbase which announced that it will soon be supporting ETC trading on its platform.

Binance Coin made a little over 10% in June as traders ditched their altcoins into exchange based coins or stablecoins. Starting the month at $14.15 BNB climbed to $15.65 by the end of it to be the only crypto in the top 30 to make a gain in June.

June Crypto Losers

Ethereum got battered in June losing 25% from $575 at the beginning to $430 at the end of the month. ETH usually does a little worse than BTC but not as badly as most of the other altcoins which have all been trounced. Over $14 billion was lost from Ethereum’s market cap as trade volume fell by 25% over the month.

Ripple’s XRP took a 28% hit falling from $0.61 to $0.43 throughout June. News about new partnerships and development for the company and cryptocurrency has had very little effect on its price. Bitcoin Cash started June at a touch under $1,000 but plummeted to $660 by the end of it resulting in a beating of 34%.

The over-hyped EOS mainnet launch was riddled with bugs and centralization concerns and the ensuing FUD storm caused it to crash 37% in June from $12.25 at the beginning to $7.70 at the end. It reached a low point of $7.20 in June which is almost 70% down from its all-time high of around $23 two months ago at the end of April.

Litecoin has been in a downward spiral for months now and June has been no different. Losing 36% over the month LTC slid from $118 to $75 at the end of it reaching its lowest level since late November. Lumens had an equally bad month falling 38% from $0.29 to $0.18. Cardano fared even worse with a 45% crash from $0.22 to $0.12. ADA has consistently been the worst performing altcoin in the top ten for several months now.

A similar 45% hit was felt by Iota as it plunged from $1.75 to $0.95 over the thirty days of June. Neo also got smashed back to November 2017 levels with a 47% fall from $53 to $28. June has been the worst month for Neo since the rebrand last year. Tron, which had a more successful mainnet launch, could not benefit from price action as it lost 42% from $0.060 to $0.035 in June.

Monero suffered but not as badly with only a 22% drop from $155 on the first to $122 at the end of June. Dash dropped 25% from $305 to $230 and Nem lost 37% falling to $0.15. Other big losers in June included VeChain losing 24%, OmiseGO dropping 30%, Qtum shedding 35%, Zcash getting hammered 37%, Ontology falling 30%, Icon bashed 44%, and rounding out the top 25 Zilliqa losing 32%.

June’s losses were greater than May’s as the bears strangled the markets sending most altcoins to their lowest levels this year and back to November prices. To summarize the only two winners in June were Ethereum Classic and Binance Coin. The losers were pretty much all of the others but those getting hit the hardest for the month were Neo, Cardano, Iota and Icon.

Previous months: February | March | April | May

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World’s Biggest Blockchain Summit Featured LOLLIPOP at Bangkok 1232

The 23rd edition of global elite gatherings of the World Blockchain Summit (WBS), Fostering the Future of Web 3.0, was held last December 8 to 9 at The Athenee Hotel in Bangkok. Thailand aims to be a hub for all key stakeholders in the blockchain, cryptocurrency, and web3 ecosystem.

WBS is one of the largest events industries, attracting thousands of influential people in the blockchain industry, including developers, investors, entrepreneurs. First held in Dubai in 2017, the event became an outstanding success and attracted over 400 people from around the world. Global speakers attend the events to share insights on current and future trends about Web3.0, DeFi, NFTs, and the like.

Investors, startup projects, companies, government representatives, and technology leaders gathered to discuss the future of the industry and innovative ways to transform business and government functions.

Mohammed Saleem, founder, and CEO of WBS said, “With the global adoption of blockchain technology having a significant impact on every sector of business and industry and Thailand emerging as a crypto leader in the ASEAN market, we intend to unite the crypto aficionados in a two-day conference with the objective of fostering the future of Web3.”

LOLLIPOP’s Innovative Approach

LOLLIPOP, a silver sponsor, was one of the most prominent projects who attended the summit. Their team helped visitors learn more about the use of the NFT Marketplace in the Metaverse, and what LOLLIPOP plans to achieve.

The distinctive booth design became an opportunity to connect with similar and diverse projects. It gave people the impression that the project is not just fun, but also useful for the NFT Marketplace. Many photos were taken and people literally got a treat of a lollipop candy and other merchandise.

LOLLIPOP’s Achievements at the Summit

LOLLIPOP’s brand advocate, Chad, gave an impressive presentation on “LOLLIPOP’s Role in the Web3/Metaverse”. He stated, “The project is headed to the moon and LOLLIPOP will be an indispensable marketplace for buying and selling NFTs.” Chad’s speech had people recognize LOLLIPOP as a cutting-edge solution that will revolutionize the metaverse era.

About LOLLIPOP

Currently a DeFi system, with swap and stake function using their own LPOP token, LOLLIPOP aims to evolve into a democratic and interoperable cross-chain NFT market. Hoping to further develop the NFT marketplace by introducing a more seamless and user-friendly platform for the general public.

https://lollipoppool.org/
Twitter: @LollipopBsc

The Awesome Power of Homomorphic Encryption Realized – DERO Project Leverages Cypherpunk-Designed Tech for Unrivaled Privacy in Transactions 1761

The DERO Project recently highlighted the importance of privacy for blockchain security by showcasing the innovative power of its DERO homomorphic encryption (DEROHE). Despite hundreds of millions of dollars spent in research and development by other companies who are desperate to develop this tech, DERO has already delivered – using a fully developed homomorphic encrypted blockchain for almost a year now. The DERO Project represents the ongoing evolution of a thriving ecosystem that protects a user’s privacy while enabling lightning-fast transactions and settlement times.

What Exactly Is DEROHE?

Researched by some of the biggest tech giants in the world, homomorphic encryption is the process of performing operations on encrypted data without first having to decrypt that data. DEROHE encrypts user balances and transactions before they are operated on, allowing the blockchain to function, update balances, and transact without ever having to decrypt user balances or exact transaction numbers. The history of transactions and balances is established via mathematical proofs, easily verified without the need for a transparent blockchain, and allows for chain pruning and verification of history without having to scan the entire blockchain.

Why Is DEROHE Important for the Future?

“Encryption has become almost a generic term at this point, used everywhere in the digisphere to lull users into a sense of security and safety,” said DERO Foundation members. “But even the best encryption relies upon first decrypting data in order to analyze it. And it is there – at the decryption stage – where the vulnerabilities lie. That’s the point of access for hackers and thieves. This is why DEROHE is so revolutionary. Data can be recorded, stored, secured, verified, and even shared without ever decrypting it – literally eliminating blockchain analysis.”

And while DEROHE can be used to share encrypted data with third parties to ensure absolute privacy, it has many other business and blockchain applications too, along with the potential to enable new types of distributed computation.

“DERO is the most technologically advanced smart contract platform out there right now,” said DERO developers. “It is the fastest privacy chain with near instant settlement, using DEROHE and an account-based decentralized blockchain. We’re the only ones successfully using this tech – others are still trying to perfect it.” The DERO Foundation also pointed out “There are already defi projects gaining traction including DEX, as well as NFTs and tokens – which are natively supported by the privacy protocol and move wallet to wallet like cash once they are created. This is a truly unique capability that only DERO provides.”

The DERO Project – dARCH Hackathon News

DERO is currently hosting an extended contest event called dARCH, which is a six-month hackathon scheduled from November 1, 2022 through May 1, 2023. The hackathon offers a total prize pool valued at over $40,000, with competition taking place in three separate events. DERO tokens and NFA trophies are awarded to the winner of each event. Round one is coming to an end on February 1st and developers need to make sure they have their proof of concept or complete projects submitted by then. Read more about the dARCH event at Medium.com.

About DERO – Privacy Together

Originally launched in 2017, with mainnet homomorphic encryption and smart contracts released at the beginning of 2022, the DERO Project is a platform for developers to deploy secure, open, scalable, and privacy-preserving decentralized applications. DERO is unique because the developers value security and privacy above all else, allowing users to transact privately over the network without fear of pitfalls, scammers, identity theft, common protocol-level or network attacks. And with tech that preserves transparency where required, scaling with network load, DERO provides the ideal environment for business-class applications. Learn more about the DERO Homomorphic Encryption Blockchain Protocol (DHEBP) at: www.Dero.io.

Virtualtech Frontier Secures Funding Led by Blockchain Founders Fund to Further Develop Metaverse Platform 2023

Virtualtech Frontier (VTF), a metaverse development company, has secured seed round funding from Blockchain Founders Fund (BFF), joining forces with seed investor 500 Global in support of VTF’s journey to introduce the future of digital engagements by enabling the metaverse for everyone. The funds will be allocated towards growing the team, supporting marketing activities and further developing their platform, Mitoworld.io.

Since 2020, the company has been at the forefront of creating an interoperable and accessible metaverse; by allowing companies to leverage virtual environments to achieve business objectives. Since then, the strong momentum they have achieved in metaverse solutions has enabled them to more than triple their revenue in 2022 compared to the previous year.

“VTF is reimagining the way that businesses interact with customers in the metaverse. We are delighted to be supporting them in this endeavour and look forward to helping them scale this solution.” said Tobias Bauer, Partner at Blockchain Founders Fund.

“We are thrilled to have the support of Blockchain Founders Fund,” said VTF’s CEO Jason Low.

“Getting invested during the bear is the greatest signal that we are on the right track. We are all about long term value creation and this funding will help us continue to push the boundaries of what is possible with Mitoworld and provide the best possible experience to everyone.”

VTF believes that the metaverse has the potential to revolutionise the way that communities interact and engage with each other. The metaverse will bring new opportunities for creative output, as existing marketing solutions and platforms on the market are severely outdated. Together with the support of their investors, VTF is looking forward for companies to come together and explore exciting methods of brand expression as they transform their branding in the metaverse with Mitoworld.io

Mitoworld.io is a metaverse platform that allows communities to easily create and share their very own metaverse. With cutting-edge technology, interoperability and user-friendly interface, Mitoworld’s platform is set out to become the go-to solution for brands and communities looking to engage and connect with their potential clients in the virtual world.

Visit the Mitoworld.io website to try it out for yourself, or visit social media via the links below to check out their updates.

About Virtualtech Frontier

Virtualtech Frontier is a leading Metaverse and virtual spaces development company in Asia. The team is at the forefront of creating an interoperable and accessible metaverse; enabling companies and brands to make their way into the metaverse ecosystem. Virtualtech Frontier is currently working on an Integrated Virtual World Platform (IVWP) called Mitoworld.io that focuses on simplifying the creation and connection of purpose driven metaverses.

About Blockchain Founders Fund

Blockchain Founders Fund (BFF) is a leading early stage (seed and pre-seed) Web3 Venture Capital fund which invests in top-tier founders globally. Backers include a strategic mix of the leading firms in the crypto and traditional finance world. They invest in highly-promising startups taking a go-to-market focus and a hands-on approach to drive value. BFF helps curate strategic partnerships, hire talent, accelerate growth and ensure portfolio founders are well capitalised. The team comprises builders and operators that have scaled many of the leading Blockchain startups and are on a mission to support all-star teams shaping the Web3 industry.

Say hello to HashKey Me’s new brand 2138

We are delighted to unveil a new brand identity for HashKey Me to accurately depict who we are and better communicate our product capabilities. In the spirit of rebranding, we will continue to commit to our users and provide even more value to all our users as well as partners. We appreciate your support and continued confidence in us.

HashKey Me is a decentralized identity wallet supporting multiple blockchains. HashKey Me safeguards your assets by simple complete user registration and authentication with no private key or Mnemonic phase needed to be memorized, which traditionally facilitated the most momentous step in your crypto journey. HashKey Me being an indispensable part of HashKey Group, we are proud of our background, and we are even more proud of our business strategy for the following period.

HashKey Group is an end-to-end digital asset financial services group in Asia. Joining in the collaborative and powerful HashKey ecosystem, HashKey Me, as an important infrastructure of Web3, plays an inseparable role and opens doors to infinite possibilities from the synergistic likes of DApps, DEX, etc., and will bridge a channel between Web2 and Web3 for you, our dear users.

Core functions of HashKey Me

​​Multi-chain Support:

Supports access and manages all your crypto assets by using one digital identity within HashKey Me App. Access to DeFi, DApps on different blockchains with just one simple tap.

Chat feature:

Supports MetaMask login to chat with friends easily. Meanwhile, binding with our key cooperative partner: Relation to chat directly. Relation is reconfiguring the social relations of individuals in a decentralized way.

HashKey DID registration:

HashKey Me will serve as the mobile end of the HashKey DID for Web3 users. HashKey DID is a multi-chain decentralized identity data aggregator powered by smart contract, NFT, and decentralized privacy protection protocol to provide identity services to Web3 users.

Future development of HashKey Me

HashKey Me is committed to creating a one-stop Web3 multi-chain wallet with MPC mechanism, which concerns a high level of security and ease of use. As an NFT Minting Portal, HashKey Me allows flexibility in one’s expressions of Web3 social relationships.

In our product roadmap, HashKey Me generates the ability to quickly integrate new functions as the Web3 ecosystem evolves, continuing to provide inspirational experiences in the Web3 era for everyone!

About HashKey Me

Based on MPC (Multi-Party Computation), HashKey Me is a decentralized identity wallet supporting multiple blockchains. With email addresses as unique identities, users can generate accounts compatible with a number of major blockchain ecosystems, including Cosmos, Bitcoin, Ethereum, Polkadot, Polygon, PlatON, Avalanche, Arbitrum, etc. While safeguarding digital assets in a decentralized manner, the solution also lowers barriers to access, for it does not require managing mnemonic phrases and private keys.

About HashKey DID

HashKey DID is a multi-chain decentralized identity data aggregator powered by smart contract, NFT, and privacy protection decentralized protocol to provide identity services to Web3 users. As an essential piece of Web3 infrastructure in the HashKey ecosystem, the fundamental goal of HashKey DID is to build a community-governed HashKey DID DAO together with users.

About HashKey Group

HashKey Group is an end-to-end digital asset financial services group in Asia. The Group provides a complete ecosystem across the entire digital asset landscape, ranging from venture investment to custody to technologies and trading.

HashKey’s senior team has extensive experience and expertise in investment, governance, and technology gained from tier-one banks, regulators, and Fintech ventures.

By bringing together the most advanced blockchain research, development, and technologies, HashKey identifies potential opportunities and delivers end-to-end solutions that operate within regulatory frameworks with high compliance standards. The Group has operations in Hong Kong, Singapore, and Japan and extensive partnerships with FinTech and blockchain solutions providers, academic institutions, and associations.

Filecoin Foundation Announces First Mission to Deploy Decentralized File System in Space 2318

Today, Filecoin Foundation (FF) announced a first-of-its-kind mission to deploy the Interplanetary File System (IPFS) in space. The mission will take place in 2023 aboard Lockheed Martin’s (NYSE: LMT) LM 400 Technology Demonstrator spacecraft.

Previously, in May 2022 in Davos, FF announced an initial effort with Lockheed Martin to deploy IPFS in space to improve the speed of data transfer across long distances. This mission is the next step in that project, bringing the benefits of decentralized storage to space and exploring use cases for how IPFS can enable better interplanetary communication and data transfer.

“From the beginning, IPFS was envisioned as a technology that can enable networking across ‘interplanetary’ distances,” said Marta Belcher, president and chair of Filecoin Foundation. “Today’s centralized internet model doesn’t work in space. Let’s say you’re on the moon and you’re retrieving data from Earth; each time you retrieve that data, there will be a multi-second delay. With IPFS, data doesn’t need to go back and forth from Earth with every click. That’s because, with IPFS, data is identified by what it is rather than where it is. Each piece of content has a unique ‘content ID.’ When you look for a piece of content, that content is retrieved from wherever is closest, rather than always being retrieved from a particular server. That means if someone nearby on the moon has already retrieved that data, it only has to travel a short distance and can get to you quickly instead of traveling back and forth from Earth with every click.”

This mission is the first of its kind to evaluate in-space use cases for decentralized storage. It will be hosted aboard Lockheed Martin’s self-funded LM 400 Technology Demonstrator – a software-defined satellite about the size of a refrigerator, designed to support a wide range of missions and customers. Once the spacecraft is in orbit, it will use its SmartSat™ software-defined satellite technology to upload and perform the IPFS demonstration.

“The LM 400 Tech Demonstrator mission will showcase how IPFS can make larger quantities of data from space available to multiple ground-based applications in simpler ways,” remarked Joe Landon, vice president and general manager of lunar infrastructure services at Lockheed Martin. “It will serve as the foundational infrastructure to enable more efficient interplanetary communication for our collective, long-term presence in Earth orbit, at the moon, and beyond.”

The mission will demonstrate a space-to-ground communication use case for IPFS. Data from space will be “content-addressed” using IPFS and made available on the IPFS network through a ground station. Applications using IPFS will be able to retrieve the data from the IPFS network, without needing to know the location of the specific ground station holding the data.

IPFS is a decentralized protocol for storing and sharing data that uses content-addressing to uniquely identify files. IPFS is a foundational technology for the Filecoin network, a cryptocurrency-powered decentralized storage network. The IPFS software layer for space is designed to be usable for a wide range of use cases and architectures and topologies, including space-to-space communication. The software is open-source licensed and is being developed in public.

About Filecoin Foundation

Filecoin Foundation (FF) facilitates governance of the Filecoin network, funds research and development projects for decentralized web technologies, and supports the growth of the Filecoin ecosystem and community. Its mission is to preserve humanity’s most important information.

A Year of Progress: imToken Publish the 7th Annual Report 2372

imToken published its 7th annual report. Over the past seven years, imToken has helped 15 million users worldwide enter the blockchain world.

Security, as an eternal theme of the crypto winter, is always a common concern for token holders.

The challenging economic climate and unexpected negative events have made the current cryptocurrency market even more difficult. imToken has taken action by cracking down on fake apps and exposing 20 new scams to help wallet users avoid losses and protect their assets.

As the blockchain industry continues to develop, imToken values the opportunity to learn and grow alongside its users.

The cryptocurrency market in 2022 showed more maturity compared to previous years. Despite the current market conditions, there have been significant developments in areas such as the Ethereum Merge, Layer 2, and NFTs. imToken also organized seven Learn and Earn campaigns, receiving more than 3 million quizzes submitted by users.

imToken is committed to making the tokenized world accessible to everyone.

imToken believes that blockchain technology is essential for protecting individual rights, decentralization is necessary for creating a trustless society, and tokenization is a trend that will drive efficient value circulation.

In 2022, imToken made over 10 investments and worked alongside exceptional blockchain projects to advance the industry:

Security: Hexens; Silence Laboratories …
Tools: HAL; Li.Finance …
DeFi: Vovo finance; CowSwap …
Layer 2: LayerSwap; Orbiter …

imToken’s 2023 New Year version app release

In 2022, imToken released 11 new app versions, including a major redesign of its Ethereum wallet in the new year’s version:

  • Supporting decoded transactions to help you easily understand the information on the chain
  • Supporting ERC1155 NFTs and one-stop management of NFTs on Ethereum

By supporting Layer 2 networks like Arbitrum and prioritizing usability, imToken aims to not only become the preferred wallet for Ethereum users, but also promote the widespread adoption of blockchain technology.

Intense competition and ongoing exploration expected in 2023

In 2023, the focus in the industry has shifted to the wallet sector, and imToken remains dedicated to its goal of making the tokenized world accessible to all. To achieve this, imToken will continue to explore user-friendly solutions like account abstraction and MPC.

imToken intends to collaborate with more wallet service providers to provide a smooth introduction for users to the blockchain world.