Crypto
Zcash new mobile wallet is getting ready to launch.
Zcash new mobile wallet is about to be launched. The network has activated an upgrade that leaves the mechanisms behind its origin and creation. They introduced the Orchard shielded payment protocol and the Halo method with this upgrade.
The Zcash network has just activated an upgrade that leaves the mechanisms behind its origin and creation as part of its quest for greater scalability, privacy, and decentralization.
As they explain, with this upgrade, they introduce the Orchard shielded payment protocol, in addition to the Halo method, which renders obsolete the previous process by which a group of entities enabled each Zcash upgrade.
They also announced, last April 27, that one of the people behind the Zcash launch ceremony was the activist Edward Snowden, who used the name “John Dobbertin.”
However, in the documentary where Zooko Wilcox, founder of Zcash, also participates, it is stated that it did not generate trust among Zcash users as well as this process was.
Changes on V5.0 Zcash new mobile Wallet
The 5.0.0 release supports the mainnet activation of the NU5 network upgrade, with an activation height of 1687104, which is scheduled for May 31, 2022.
Keep an eye out for fresh releases if you want to follow the NU5 network upgrade.
The following ZIPs are being deployed or have been updated as part of this upgrade, according to the announcement:
- ZIP 32: Shielded Hierarchical Deterministic Wallets (updated)
- ZIP 203: Transaction Expiry (updated)
- ZIP 209: Prohibit Negative Shielded Chain Value Pool Balances (updated)
- ZIP 212: Allow Recipient to Derive Ephemeral Secret from Note Plaintext (updated)
- ZIP 213: Shielded Coinbase (updated)
- ZIP 216: Require Canonical Jubjub Point Encodings
- ZIP 221: FlyClient – Consensus-Layer Changes (updated)
- ZIP 224: Orchard Shielded Protocol
- ZIP 225: Version 5 Transaction Format
- ZIP 239: Relay of Version 5 Transactions
- ZIP 244: Transaction Identifier Non-Malleability
- ZIP 252: Deployment of the NU5 Network Upgrade
- ZIP 316: Unified Addresses and Unified Viewing Keys
- ZIP 401: Addressing Mempool Denial-of-Service (clarified)
A mobile wallet on the way and more efficient payments for Zcash
The NU5 update, they claim, will make it possible to bring Zcash payments to mobile devices.
Furthermore, it may make Zcash more compatible with other cryptocurrency networks on a bigger scale.
To this end, they are preparing the launch of the ECC wallet, which will allow managing Zcash from its official app for Android and iOS devices.
The ECC wallet (which is yet to have an official name) will be available on Android and iOS later this year [2022]. Our goal is to deliver a wallet that provides an industry-leading user experience for ZEC and features that will generally benefit cryptocurrencies.
Launching a wallet on our own will allow us to deliver updates faster than is possible with a standard protocol update and rely on the influence of third-party wallet providers.
Electric Coin Company / Zcash
Zcash has only a desktop wallet, already modified to receive the NU5 upgrade.
On the other hand, Orchard introduces a new single wallet address format to avoid handling multiple formats simultaneously. When receiving payment, the user can decide which form to use for sending: the transparent structure, Sapling, and Orchard.
Zcash addresses, in its previous versions, were separated into standard and shielded addresses. The procedures for handling both could become complex for specific users and even reveal information if not executed well.
Since its release, CCP explained that several auditing and security firms, such as NCC and QEDIT, reviewed the wallet. In addition, they have the advice of Mary Maller, who works as a cryptographer at the Ethereum Foundation and did not detect security gaps in the Zcash protocol update.
Zcash began in 2016 as a fork of the Bitcoin protocol and has subsequently specialized as a privacy-focused cryptocurrency.
Currently, it is using advanced cryptography for this purpose and competing with other cryptocurrencies such as Monero (XMR) in terms of these features.
It has a market capitalization of $1.157 billion (USD) and ranks 56th in the ranking of cryptocurrencies with the largest markets, according to the CoinGecko portal.
Crypto
Shaping The Crypto Futures and Options (F&O) Landscape With Delta Exchange in India
Did you know that India is on track to become a global leader in crypto adoption by the end of 2024? With the rise in crypto users and investments, crypto derivatives—futures and options (F&O)—also play a crucial role in the market. Delta Exchange is emerging as one of the key players in crypto derivatives trading, offering multiple tools and features for Indian traders.
According to a report by the Financial Mirror, the country will surpass 270 million crypto users by the end of 2024. This data highlights India’s growing enthusiasm for digital assets, and it exceeds the total number of crypto users in Europe and the US combined.
In another report by TechSci Research, the Indian crypto market was valued at $221.5 million last year and is projected to grow with a CAGR of 6.75% by 2029.
Source | Projected growth of the Indian crypto market
In this blog, we will discuss the country’s increasing involvement in crypto markets, especially the crypto F&O segment, and how investors are driving tremendous growth in the sector.
The Rise of Crypto F&O in India
The global rise of crypto trading has opened up new opportunities in the financial market, with crypto futures and options (F&O) being the key drivers of its growth. Unlike traditional crypto trading, where investors buy and hold assets, F&O trading allows traders to speculate on crypto price movements without directly owning them. With its vast tech-savvy population and enthusiasts alike, Indian traders are playing a crucial role in shaping the F&O landscape.
Traders are usually drawn to the high–reward potential of crypto markets, and they use crypto derivatives to hedge their digital assets. What sets Indian traders apart is their ability to adopt new financial tools in the growing tech era and their curiosity about trying out advanced trading strategies like crypto F&O.
As the crypto market matures, Delta Exchange continues to play a critical role, offering features tailored to the unique needs of the Indian market.
Delta Exchange: The Fastest-Growing Crypto F&O Platform
Among the growing crypto exchange platforms, Delta Exchange is one of the leading crypto F&O trading platforms in India today. Recently, in a single day, they recorded the highest trading volume of $2 billion in Bitcoin (BTC) and Ethereum (ETH) derivatives. This is a clear indication that Indian traders are actively participating in crypto F&O trading.
Source | Futures trading on Delta Exchange
Source | Options trading on Delta Exchange
Delta Exchange caters to crypto investors and traders who want to diversify their crypto F&O trading with advanced tech, liquidity, insurance, and risk management to protect the trader’s interest. With Financial Intelligence Unit (FIU) registration, Delta Exchange has become a trusted and reliable platform for growing crypto F&O trading.
The platform offers traders:
- User-friendly platform
- Multiple expiry options (daily, weekly, and monthly)
- Advanced risk management tools
- INR settlements
- 24/7/365 open market and customer support
Here’s how traders can deposit and withdraw money on the platform:
For deposits:
- Log in to your Delta Exchange account
- Go to the ‘Add funds’ section
- Add accurate bank account details
- Once whitelisted by the team, traders can transfer funds to their accounts.
For withdrawals:
- Log in to your Delta Exchange account
- Go to the ‘Withdrawal’ section
- Specify withdrawal amount
- Add proper bank account details
- Confirm withdrawal by transferring the selected amount.
Traders and investors can easily manage funds on Delta Exchange in an efficient and hassle-free manner by following the above steps.
You can download the Delta Exchange app from the Play Store or App Store.
WEEKLY SNAPSHOT ON STRADDLE PREMIUM – DELTA EXCHANGE
Weekly Returns (20 Dec – 26 Dec) | |||||
Underlying | Weekly High ($) | Weekly Low ($) | Last Price($) | % Change since Last Week | Intraday ATM Straddle Premium for Friday (24 hr to Expiry) |
BTCUSD | 99949 | 92485 | 95750 | -1.73% | 2320 |
ETHUSD | 3553 | 3100 | 3333 | -2.44% | 117 |
Note: Last Price mentioned as on 26 Dec, 11:59 PM
Straddle Premium Comparison | ||
Underlying | Previous Week(Exp 27-12-2024) | Upcoming Week(Exp 03-01-2025) |
BTCUSD | 6100 | 6160 |
ETHUSD | 310 | 280 |
Altcoins Futures Watch Past Week (20 Dec – 26 Dec) – Delta Exchange | ||||
Alt Coins | Weekly High | Weekly Low | Last Price | % Change |
FTMUSD | 1.09900 | 0.84440 | 0.87180 | -12.53% |
AAVEUSD | 390.068 | 271.450 | 337.544 | 7.25% |
BNBUSD | 720.020 | 618.000 | 688.880 | 3.42% |
Note: Last Price mentioned as on 26 Dec, 11:59 PM
Key Factors Driving the Growth of Crypto F&O
Here are some primary factors that influence the growth of crypto F&O in India:
Growing market interest & adoption
The digital landscape in India creates a nurturing environment for crypto F&O adoption. With the global awareness of cryptocurrency, both experienced and new traders find access to digital assets via online platforms, exchanges, mobile applications, and other web platforms.
Regulatory clarity
Regulatory developments have led to significant growth in the crypto F&O sector. The Reserve Bank of India (RBI) lifted the banking ban, providing consumer protection and tax relief that provided traders with the legal clarity needed for crypto transactions.
Risk Management via hedging
Crypto F&O is used as a hedging tool. Holding crypto F&O contracts allows traders to minimize their losses if the market or prices shift against their original position.
The Bottomline
India is a home for many tech enthusiasts and financial experts. Over the past few years, the growth in the crypto futures and options domain has been obvious due to the rapid adoption of cryptocurrencies and emerging technologies. With a wider audience open to such new, advanced trading strategies, India is poised to play a bigger and more significant role in the global crypto market. All thanks to the curious traders who are driving the growth of the crypto F&O market due to clear-cut regulations in place, hedging, regulated platforms like Delta Exchange, and a chance of gaining higher returns on investments.
Visit the website www.delta.exchange for more updates or connect on X. For more details and information about crypto F&O, visit the YouTube channel.
Disclaimer: Cryptocurrencies are inherently volatile, and investments in the asset class can carry significant risks. The information presented in this article is not intended to be financial advice, and we strongly recommend conducting your due diligence before investing in crypto.
Crypto
CVTrade Review 2024: Uncover the Best in Cryptocurrency Trading
CVTrade is an emerging cryptocurrency exchange known for its user-friendly interface, competitive trading fees, and diverse range of digital assets. This CVTrade review covers everything you need to know about CVTrade in 2024, including its advantages, disadvantages, services, trading platform, security features, and more.
CVTrade Featured Partner Offer
CVTrade often collaborates with various financial and technology firms to provide exclusive promotions and discounts. These may include reduced trading fees, early access to new cryptocurrencies, and additional benefits. For the latest offers, it’s best to check CVTrade’s official website or trading platform.
Pros
- User-Friendly Interface
- Competitive Trading Fees
- Wide Range of Cryptocurrencies
- Strong Security Measures
- Advanced Trading Features
- Support for Multiple Fiat Currencies
Cons
- Limited Educational Resources
- Customer Support Response Times
- Regulatory Compliance Issues
- Availability in Some Regions
- Margin Trading Risks
Who Is CVTrade Good For?
CVTrade is suitable for both new and experienced cryptocurrency traders. The platform offers advanced trading tools for professional traders while maintaining a straightforward interface for beginners. Its strong security features make it a great choice for those prioritizing safety.
What Makes CVTrade a Good Choice?
CVTrade stands out due to its competitive fees, extensive cryptocurrency offerings, and user-friendly design. The platform’s robust security measures and advanced trading features attract a wide range of traders looking for reliable and versatile trading options.
CVTrade Security
CVTrade prioritizes security with measures like two-factor authentication (2FA), cold storage for the majority of funds, and regular security audits. These practices help ensure the protection of users’ assets from potential threats.
CVTrade Disadvantages
Despite its strengths, CVTrade has some challenges, including a limited range of educational resources and occasional delays in customer support responses. Regulatory compliance issues may also affect its availability in certain regions.
CVTrade Services
CVTrade offers a variety of services designed for cryptocurrency traders, including:
- Spot Trading: Buy and sell cryptocurrencies immediately.
- Futures Trading: Contracts to buy or sell assets at a set price and date.
- Options Trading: Contracts providing the right to buy or sell assets at a specified price.
- Margin Trading: Amplify potential returns (and losses) using borrowed funds.
CVTrade Trading Platform
The CVTrade trading platform is designed to cater to a range of trading needs. It features advanced charting tools, various order types (market, limit, stop), and a user-friendly interface for executing trades. Additionally, CVTrade provides a professional trading interface for experienced users.
CVTrade Margin Trading
CVTrade offers margin trading with leverage options, allowing traders to increase their market exposure. This feature is ideal for experienced traders familiar with the risks of leveraged trading.
Top Cryptocurrencies Available on CVTrade
1 | BTC/USDT |
2 | ETH/USDT |
3 | BNB/USDT |
4 | XRP/USDT |
5 | ADA/USDT |
6 | DOGE/USDT |
7 | TRX/USDT |
8 | SOL/USDT |
9 | AVAX/USDT |
10 | CVT/USDT |
CVTrade Trading Fees
CVTrade’s fee structure varies depending on the type of transaction and the trader’s trading volume. For detailed fee information, visit CVTrade’s official website.
CVTrade Account Verification
CVTrade requires users to complete account verification to comply with regulatory standards. This involves submitting personal information and documentation to unlock advanced features and higher transaction limits.
CVTrade Regulation
CVTrade operates under regulatory frameworks in various jurisdictions, ensuring compliance with legal standards for cryptocurrency exchanges. Users should review CVTrade’s terms of service for region-specific information.
CVTrade Supported Countries
CVTrade serves users in multiple countries worldwide, though service availability may vary due to regulatory constraints. Check CVTrade’s official website for the most current information on supported regions.
CVTrade Support and Reviews
CVTrade offers customer support through multiple channels, including an online help center and email. While the platform is generally well-regarded for its features and security, users have noted occasional delays in customer service responses.
Areas for CVTrade Improvement
CVTrade could improve by:
- Enhancing User Education: Providing more resources for new users.
- Improving Customer Support: Reducing response times.
- Expanding Regional Availability: Increasing service access in more areas.
Conclusion
CVTrade is a noteworthy cryptocurrency exchange praised for its user-friendly interface, competitive fees, and diverse digital asset offerings. Despite some limitations, such as the need for improved educational resources and customer support, CVTrade remains a solid choice for traders seeking a reliable platform in the digital asset space. Share your thoughts or questions below!
Follow CVTrade.io on Social Media: Facebook | Instagram | LinkedIn | Twitter | Medium
FAQ
Is CVTrade safe?
Yes, CVTrade prioritizes security with features like two-factor authentication (2FA), cold storage for most funds, and regular security audits to ensure user protection.
What are CVTrade’s trading fees?
CVTrade’s trading fees generally range from 0.1% to 0.2%, depending on the type of trade and 30-day trading volume. Higher trading volumes often qualify for reduced fees.
Does CVTrade support fiat currencies?
Yes, CVTrade supports a variety of fiat currencies, including USD, EUR, and GBP, for both deposits and withdrawals, providing flexibility for international users.
How do I contact CVTrade customer support?
You can reach CVTrade customer support through their online help center, email, or live chat options available on their website.
Is CVTrade available in my country?
CVTrade is accessible in many countries around the world. However, service availability and features may vary based on regional regulations and local laws.
Crypto
MFEV Announces Investment-Based Referral Program with No Lock-In Period: 3.8 Million Coins Available
MFEV, a leading innovator in the blockchain and cryptocurrency space, is excited to unveil its latest initiative: an investment-based referral program designed to reward participants with MFEV coins. With a total of 3.8 million MFEV coins allocated for this program, the company aims to incentivize and reward both new and existing investors as they participate in the ongoing Initial Coin Offering (ICO) rounds.
Investment-Based Referral Program: A Unique Opportunity for Investors
This referral program is investment-based, offering a unique and lucrative opportunity for potential investors to earn additional rewards. Designed to immediately capture attention and foster a sense of opportunity, the program allows participants to benefit directly from their investments in MFEV.
Eligibility Criteria: How to Earn Rewards
To participate, investors need to join the MFEV pre-sale or public round of funding. As part of the rewards program, referrers will earn 2% of the total investment made by the individuals they refer. Both investors and referrers must refer new investors to qualify for the rewards.
The more your referred investors contribute, the greater the number of MFEV coins you will earn from a designated pool of 3.5 million coins. This clear and rewarding structure encourages broader participation, making it easy for participants to see the tangible benefits tied to their referrals and investments.
No Lock-In Period: Flexibility for Investors
A key feature of the program is the absence of a lock-in period for referral rewards. This flexibility is designed to appeal to a wide range of participants, particularly those who may be cautious about long-term commitments. By eliminating any lock-in requirements, MFEV is making it easier for investors to engage with the program without the burden of extended time constraints.
Who Can Participate? Inclusive Eligibility for Maximum Appeal
The program is open to everyone: individuals who have already invested in MFEV, as well as those planning to invest in upcoming rounds. This inclusive approach ensures that a broad spectrum of investors can benefit, expanding the program’s appeal and accessibility.
Disclaimer: First-Come, First-Served Basis
To maintain the program’s integrity and incentivize quick participation, the investment-based reward plan operates on a first-come, first-served basis. Potential investors are encouraged to act swiftly to secure their share of the 3.8 million MFEV coins available as part of the referral reward.
Looking Ahead: Future Promotional-Based Referral Program
While this PR focuses on the investment-based referral program with 3.5 million MFEV coins, MFEV also has plans to introduce a promotional-based referral program in the near future, which will allocate an additional 343,000 MFEV coins. More details on this exciting development will be released soon.
About MFEV
MFEV continues to set the standard in blockchain innovation, with a commitment to empowering investors and expanding access to the benefits of cryptocurrency. Through its strategic initiatives and investor-friendly programs, MFEV is building a more inclusive and rewarding financial ecosystem for all participants.
Website: https://www.mfev.io/
-
Crypto3 years ago
Cardalonia Aiming To Become The Biggest Metaverse Project On Cardano
-
Press Release4 years ago
P2P2C BREAKTHROUGH CREATES A CONNECTION BETWEEN ETM TOKEN AND THE SUPER PROFITABLE MARKET
-
Blockchain4 years ago
WOM Protocol partners with CoinPayments, the world’s largest cryptocurrency payments processor
-
Press Release4 years ago
ETHERSMART DEVELOPER’S VISION MADE FINTECH COMPANY BECOME DUBAI’S TOP DIGITAL BANK
-
Press Release4 years ago
Project Quantum – Decentralised AAA Gaming
-
Blockchain4 years ago
WOM Protocol Recommended by Premier Crypto Analyst as only full featured project for August
-
Press Release4 years ago
ETHERSMART DEVELOPER’S VISION MADE FINTECH COMPANY BECOME DUBAI’S TOP DIGITAL BANK
-
Blockchain5 years ago
1.5 Times More Bitcoin is purchased by Grayscale Than Daily Mined Coins