Primary.Health

The public health platform meets security, privacy, and compliance requirements for preeminent industry certification

SAN FRANCISCO, March 16, 2023 (GLOBE NEWSWIRE) -- Primary.Health, a software platform for public health and digital diagnostics outside the clinic, announced today that its systems and platform have earned HITRUST Risk-based, 2-year Certification, the highest level of information protection and compliance assurance. Specifically, HITRUST certifies that Primary.Healths systems residing at Amazon Web Services comply with all U.S. HIPAA security regulations and PCI, ISO 27001 and NIST security standards. Primary.Healths diagnostic technology and data have been recognized as meeting key healthcare regulations and requirements for protecting and securing sensitive private healthcare information.

According to HITRUST, this milestone puts Primary.Health in a select group of organizations worldwide that have earned HITRUST certification. It validates that Primary.Health is meeting critical compliance requirements across a wide range of industry standards and frameworks, as well as federal and state regulations.

Technology gives us power through information, but that means nothing if data is not secure. Our HITRUST Certification validates our system to protect customer data. Secure data enables us to provide diagnostic solutions for large public and private organizations committed to protecting their populations, noted Toni Nandwana, CISO at Primary.Health.

The HITRUST Assurance Program helps organizations address security and data protection challenges through a comprehensive and flexible framework of prescriptive and scalable security controls by including federal and state regulations, standards, and frameworks, and incorporating a risk-based approach.

HITRUST certification provides the highest level of assurance for the healthcare industry, which has greater risk exposure for patient data and systems due to protected health information, data volumes, regulatory compliance, and other risk factors.

Story continues

In todays ever-changing threat landscape, HITRUST is continually innovating to find new and creative approaches to address challenges, said Jeremy Huval, Chief Innovation Officer, HITRUST. Primary.Healths HITRUST Risk-based, 2-year Certification is evidence that they are at the forefront of industry best practices for information risk management and compliance.

HITRUST certification required a comprehensive review of Primary.Healths platform, data storage environments, and software in conjunction with their Information Security Management Program (ISMP), policies and procedures, and continuous training requirements for all staff.

Primary.Health is committed to the highest level of security for our data and broader software, Nandwana said. This HITRUST certification assures our partners that Primary.Health is committed to leading in info risk management, compliance and data protection.

About Primary.Health

Primary.Health is powering the decentralization of care in public health. With access to easy and affordable diagnostics, Primary.Health is helping community leaders to reduce administrative burden, automate clinical workflows and integrate with the healthcare ecosystem. Primary.Health provides program management software and program design services enabling schools, public health, pharmacies, employers, and communities to remain safe and healthy. Primary.Health powers 10,000 sites across the U.S. and has helped to administer over 13 million tests and over 1.5 million vaccines. Through our work with the largest, most complex organizations at the height of the pandemic, Primary has earned the experience and trust to provide superior diagnostic testing for flu, COVID-19, STI, HIV, RSV and other conditions that threaten population health. Contact us today to learn more at https://primary.health/.

Media:Ali NixPrimary.HealthPrimary.health@highwirepr.com

View original post here:

Primary.Health Achieves HITRUST Certification, the Highest ... - Yahoo Finance

Where is the blockchain stored? This is not the first time someone asked this question. Blockchain technology has significantly transformed the way we store and manage data, providing a secure and decentralized approach to storing sensitive information. Blockchain storage is based on a distributed ledger system, where a network of nodes maintains a full copy of the blockchain. This innovative system results in an extremely resilient and tamper-proof storage solution that is highly resistant to cyber attacks and hacking attempts.

In this article, we will explore the concept of blockchain storage in more detail, looking at how it works, its benefits, risks, and challenges. We will also discuss the relationship between blockchain storage and cryptocurrency and examine some of the key factors that are likely to shape the future of blockchain storage. Whether you are a business owner, an IT professional, or simply interested in the latest developments in technology, this article will provide you with a comprehensive overview of the world of blockchain storage.

Blockchain is a digital ledger technology that allows for secure and transparent transactions without the need for a central authority. It is essentially a decentralized database that enables users to store and share information in a tamper-proof and immutable manner. The technology was initially introduced in 2008 as the underlying technology behind Bitcoin, the first cryptocurrency, and has since gained widespread adoption in various industries.

The blockchain works by creating a distributed network of computers (nodes) that work together to verify and validate transactions. Here are the basic steps involved in the process:

Each block in the blockchain is linked to the previous block, creating a chain of blocks (hence the name blockchain). This ensures that any attempts to alter or tamper with a transaction in a block would require the modification of all subsequent blocks, which is virtually impossible. This makes the blockchain a highly secure and tamper-proof technology.

The blockchain is stored on a network of computers (nodes) that participate in the validation and verification of transactions. Each node maintains a copy of the entire blockchain, which is continually updated as new transactions are added to the network. The blockchain can be stored in a decentralized or centralized manner, depending on the type of network and the storage system used.

Decentralized storage refers to a system in which the data is distributed across multiple nodes in a network, with each node maintaining a copy of the data. In a decentralized blockchain network, each node stores a copy of the blockchain, creating a distributed ledger that is highly resistant to tampering and hacking. Decentralized storage is a key feature of blockchain technology, as it enables the creation of a transparent, secure, and immutable ledger that is not controlled by a single entity.

Why data redundancy is worth the extra storage space?

Centralized storage, on the other hand, refers to a system in which the data is stored on a single server or a group of servers controlled by a central authority. This type of storage is commonly used in traditional databases and information systems, where data is accessed and managed by a single entity. However, in the context of blockchain technology, centralized storage is not ideal, as it creates a single point of failure and makes the system vulnerable to hacking and cyber-attacks.

Public and private blockchains differ in terms of their storage systems. Public blockchains, such as Bitcoin and Ethereum, are decentralized and use a distributed network of nodes to store the blockchain. Anyone can join the network and participate in the validation and verification of transactions. Private blockchains, on the other hand, are typically used by organizations and enterprises and are controlled by a central authority. The storage system used in private blockchains can be either centralized or decentralized, depending on the specific needs of the organization.

As the adoption of blockchain technology continues to grow, the future of blockchain storage is expected to evolve and improve in a number of ways. Here are some possible developments that may shape the future of blockchain storage:

One of the major challenges facing blockchain technology is its limited scalability. As more transactions are added to the blockchain, the size of the network increases, making it more difficult for nodes to validate and store the data. In the future, new solutions such as sharding and off-chain scaling may help to address this issue, enabling the blockchain to handle more transactions and become more scalable.

As the number of blockchain networks continues to grow, there is a need for greater interoperability between different blockchains. This would enable users to transfer assets and data between different networks, creating a more seamless and interconnected blockchain ecosystem.

As blockchain technology continues to mature, new storage solutions are likely to emerge that will make it easier and more cost-effective to store data on the blockchain. For example, new decentralized storage platforms such as IPFS and Filecoin may provide more efficient and secure storage solutions for blockchain data.

While public blockchains such as Bitcoin and Ethereum are well-known, private blockchains are also becoming increasingly popular. Private blockchains offer a more controlled and secure environment for businesses and organizations to store data and conduct transactions, and their adoption is likely to increase in the future.

Blockchain technology offers a number of benefits when it comes to storing data, including:

While blockchain technology offers a number of benefits when it comes to storing data, there are also some risks that need to be considered, including:

Blockchain storage is known for its high level of security due to its decentralized, tamper-proof nature. Here are some of the ways that blockchain technology ensures the security of data storage:

How to become a blockchain maestro?

While blockchain technology is inherently secure, there are steps that can be taken to ensure that data stored on the blockchain remains secure. Here are some best practices for ensuring secure blockchain storage:

Access to the blockchain should be restricted to authorized users only, and strong access controls should be implemented to ensure that users are who they claim to be. This can be achieved through the use of secure authentication methods, such as two-factor authentication, biometrics, or digital certificates.

All data stored on the blockchain should be encrypted to prevent unauthorized access. This can be achieved through the use of strong encryption algorithms, such as AES or RSA.

The blockchain network should be regularly monitored for signs of suspicious activity or attempted breaches. This can be achieved through the use of network monitoring tools or security information and event management (SIEM) systems.

The software used to run the blockchain network should be kept up-to-date with the latest security patches and updates to ensure that any known security vulnerabilities are addressed.

When using third-party service providers to store data on the blockchain, it is important to choose reputable providers with a track record of security and reliability.

All employees with access to the blockchain should receive regular training on how to use the technology securely and how to recognize and respond to potential security threats.

Cryptocurrency is one of the most well-known use cases for blockchain technology, as it relies on the blockchain to securely store and manage transactions. Here are some key points about the relationship between blockchain storage and cryptocurrency:

Blockchain storage is an essential component of cryptocurrency, as it provides the security and transparency needed to create a decentralized and trustworthy system for managing transactions. As the adoption of cryptocurrency continues to grow, the importance of secure and reliable blockchain storage solutions is likely to become even more critical.

Back to our original question: Where is the blockchain stored? Well, the blockchain is stored on a network of computers (nodes) that participate in the validation and verification of transactions. Each node maintains a copy of the entire blockchain, creating a distributed and decentralized ledger that is highly resistant to tampering and hacking.

One of the key tricks of blockchain storage is its use of cryptography and consensus algorithms to ensure the security and integrity of the data stored on the network. This makes it highly secure and tamper-proof, creating a transparent and immutable ledger that is ideal for storing sensitive and important data.

Additionally, blockchain storage offers a range of benefits, including decentralization, transparency, and efficiency. While there are also some risks and challenges associated with blockchain storage, these can be addressed through the use of appropriate security measures and best practices.

As the adoption of blockchain technology continues to grow, we can expect to see new and innovative solutions emerge that will enable blockchain to become an even more powerful and transformative technology for data storage and management.

Blockchain can be stored in the cloud, but it is not limited to this storage solution. The blockchain is essentially a distributed ledger that is stored on a network of computers (nodes) that work together to verify and validate transactions. The nodes can be located anywhere in the world, and the blockchain can be stored on a combination of cloud-based and on-premises storage solutions.

Yes, blockchain technology is essentially a type of database, but it differs from traditional databases in a number of ways. Unlike traditional databases, which are typically centralized and controlled by a single entity, the blockchain is decentralized and distributed across a network of nodes. Additionally, the blockchain is designed to be highly secure and tamper-proof, using cryptography and consensus algorithms to ensure the integrity of the data stored on the network.

How data engineers tame Big Data?

The data stored on the blockchain is maintained by a network of nodes, which are responsible for validating and verifying transactions. Each node in the network maintains a copy of the entire blockchain, creating a distributed ledger that is highly resistant to tampering and hacking. The data stored on the blockchain is secured using cryptography and consensus algorithms and can only be modified with the agreement of the nodes in the network.

Yes, every node in the blockchain network maintains a copy of the entire blockchain, creating a distributed and decentralized ledger that is highly secure and resistant to tampering. This means that the blockchain is stored on every computer that participates in the network, creating a highly redundant and fault-tolerant storage solution. The use of multiple nodes ensures that the blockchain remains accessible even if one or more nodes go offline or become compromised.

Read more from the original source:

Where Is The Blockchain Stored? - Dataconomy

The cryptocurrency market has been experiencing some fluctuations recently, with Bitcoin and Ethereum, the two most widely used cryptocurrencies, facing a slowdown. Bitcoin is currently being traded at $24,000, experiencing a slight drop from the previous day due to concerns over market liquidity.

Similarly, Ethereum has seen a 3% decline in the past 24 hours and is currently trading at $1,600.

The cryptocurrency market has recently experienced some ups and downs, with the two most widely used cryptocurrencies, Bitcoin and Ethereum, facing a slowdown.

Additionally, other popular cryptocurrencies such as Dogecoin, Solana, Ripple, and Litecoin have all lost ground.

However, the declines were driven by ongoing concerns about Credit Suisse, a bank in Europe that is facing challenges. Investors are worried that this could lead to a banking crisis, which could affect Bitcoin prices in the short term.

Bitcoin's price has experienced a significant decline, and the cryptocurrency market has been generally downward lately. Along with the decrease in Bitcoin's value, there has been some news about the closure of Signature Bank.

Some investors were concerned that the closure might be related to cryptocurrency, which could have further impacted the market. However, the New York Department of Financial Services (NYDFS) has clarified that the closure is not linked to cryptocurrency.

The New York Department of Financial Services (NYDFS) has reassured investors that the recent closure of Signature Bank is not related to any cryptocurrency concerns.

Nevertheless, the cryptocurrency market has been struggling, with Bitcoin's value experiencing a significant drop. Investors are monitoring the situation closely, but the market appears to be facing challenges in the short term.

The recent US Producer Price Index data has been positive, but investors remain cautious due to concerns about global banks and the overall state of the economy. Despite a brief spike in value, Bitcoin and other cryptocurrencies experienced a price decline.

This downward trend can be attributed to several factors, including ongoing troubles with global banks, particularly concerns surrounding Credit Suisse, which has raised worries about market liquidity. As a result, some investors are becoming uneasy and selling their holdings, leading to a drop in the value of cryptocurrencies such as Bitcoin.

Furthermore, the macroeconomic environment remains sluggish, and economic uncertainty and banking concerns have created a cautious trading atmosphere. As a result, investors are becoming more careful about where they invest their money, which is contributing to the downward trend of Bitcoin and other cryptocurrencies.

Following a brief consolidation at $26,500, the Bitcoin price has experienced a sharp decline. As a result, it has been on a short-term negative trend since it broke below the $25,000 and $25,500 support levels.

If the price can close over $25,200, it may trigger a new uptrend above $26,000, with a critical resistance level at the $26,500 zone. If $26,000 is broken, $27,500 might not be far behind.

Yet, Bitcoin could see another dip if it cannot break through the $25,200 resistance level.

Currently, $24,000 is providing near-term support on the downside, with the $23,500 area and the 100-hourly simple moving average providing additional, more substantial support not far behind.

Whenever the price drops below $22,600, the selling pressure is likely to increase. If losses persist, the price might drop below $22,000.

Buy BTC Now

After breaking through the $1,600 barrier, Ethereum's price began a significant ascent. For ETH to advance even farther into a positive zone, comparable to bitcoin, it had to break through the crucial $1,700 barrier zone.

The price finally broke through the $1,745 barrier and was trading toward $1,800. A peak was established close to $1,784, and then there was a retracement to the negative.

If Ethereum can't break through $1,745, we could see another drop. In the short term, the trend line and the $1,695 price point will provide as early support for the market.

Buy ETH Now

Check out Cryptonews' Industry Talk team's curated list of the top 15 altcoins to watch in 2023. The list is frequently updated with new ICO projects and altcoins, so make sure to visit often for the latest updates.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Read the original here:

Bitcoin Price and Ethereum Prediction: BTC Finds Support at ... - Cryptonews

Funds tied to the latest Euler Finance exploit are on the move.

According to on-chain data, the attacker sent ten transactions to mixing service Tornado Cash worth 100 Ethereum each from an intermediary address, and still holds 1,500 ETH labeled as Fake Phishing at the same address.

The address has sent a total of 1,000 ETH, worth roughly $1.6 million.

Hackers moved part of the stolen funds less than 24 hours after Euler Financea borrowing and lending platformwarned that if 90% of the assets were not returned, the company would offer a $1 million bounty to anyone who can provide information that can lead to their arrest and the return of all funds.

Euler Finance fell victim to a flash loan exploit that resulted in the loss of $8.7 million in the DAI stablecoin, $18.5 million in Wrapped Bitcoin (WBTC), $135.8 million in Staked Ethereum (stETH), as well as $33.8 million in USDC.

While Euler confirmed that it is working with law enforcement, the company also suggested the criminal investigation could be potentially dropped if the money is returned.

Notably, along with the funds sent to Tornado Cash, the attackers, as confirmed by blockchain analytics firm CertiK, transferred 100 ETH to an address allegedly belonging to one of the victims.

The user, who claimed to have had 78 Wrapped Staked Ethereum (wstETH) of their life savings deposited on Euler, urged hackers to return him at least 80% or 90% of the funds. Surprisingly, they saw their appeal satisfied.

Stay on top of crypto news, get daily updates in your inbox.

Read the original here:

Euler Finance Hacker Mixes $1.6M in Ethereum on Tornado Cash - Decrypt

The previous six months should have been extremely beneficial to Ethers (ETH) price, especially following the projects most significant upgrade ever in September 2022. However, the reality was the opposite: Between Sept. 15, 2022 and March 15, 2023, Ether underperformed by 10% against Bitcoin (BTC).

The ETH/BTC price ratio of 0.068 had been holding since October 2022, a support that was broken on March 15. Whatever the reason for the underperformance, traders currently have little confidence in placing leverage bets, according to ETH futures and options data.

But first, one should consider why Ethers price was expected to rise in the previous six months. On Sept.15, 2022, the Merge a hard fork that switched the network to a proof-of-stake consensus mechanismoccurred. It enabled a much lower, even negative, coin issuing rate. But more importantly, the change paved the way for parallel processing that aimed to bring scalability and lower transaction costs to the Ethereum network.

The Shapella hard fork, expected totake effect on the mainnet in April, is the next step in the Ethereum network upgrade. The change will allow validators who previously deposited 32 ETH to enter the staking mechanism to withdraw in part or in full. While this development is generally positive because it gives validators more flexibility, the potential 1.76 million ETH unlock is a negative consequence.

However, there is a cap on the number of validators that can exit; therefore, the maximum daily unstake is 70,000 ETH. Moreover, after exiting the validation process, one may choose between Lido, Rocket Pool or a decentralized finance (DeFi) application for yield mechanisms. These coins will not necessarily be sold on the market.

Lets look at Ether derivatives data to understand if the recent drop below the 0.068 ETH/BTC ratio has affected investors sentiment.

In healthy markets, the annualized three-month futures premium should trade between 5% and 10% to cover associated costs and risks. However, when the contract trades at a discount (backwardation) relative to traditional spot markets, it indicates traders lack of confidence and is regarded as a bearish indicator.

Derivatives traders became uncomfortable holding leverage long (bull) positions as the Ether futures premium moved below zero on March 11, down from 3.5% just two days prior. More importantly, the current 2.5% premium remains modest and distant from the 5% neutral-to-bullish threshold.

Nonetheless, declining demand for leverage longs (bulls) does not necessarily imply an expectation of negative price action. As a result, traders should examine Ethers options markets to understand how whales and market makers price the likelihood of future price movements.

Related: Lark Davis on fighting social media storms, and why hes an ETH bull Hall of Flame

The 25% delta skew is a telling sign showing when market makers and arbitrage desks are overcharging for upside or downside protection. In bear markets, options investors give higher odds for a price dump, causing the skew indicator to rise above 8%. On the other hand, bullish markets tend to drive the skew metric below -8%, meaning the bearish put options are in less demand.

On March 3, the delta skew crossed the bearish 8% threshold, indicating stress among professional traders. The fear levels peaked on March 10, when the price of Ether plummeted to $1,370, its lowest level in 56 days, although the price of ETH rebounded above $1,480 on March 12.

Surprisingly, on March 12, the 25% delta skew metric continued to rise, reaching its highest level of skepticism since November 2022. It happened just hours before Ethers price rose 20% in 48 hours, which explains why ETH traders shorting futures contracts faced $507 million in liquidations.

The 3% delta skew metric currently signals a balanced demand for ETH call and put options. When combined with the neutral stance on the ETH futures premium, the derivatives market indicates that professional traders are hesitant to place either bullish or bearish bets. Unfortunately, ETH derivatives metrics do not favor traders expecting Ether to reclaim the 0.068 level against Bitcoin in the near term.

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Continue reading here:

Ethereum price reaches lowest level relative to Bitcoin in 5 months - Cointelegraph

New York State Attorney General Letitia James speaks during a press conference, Sept 8, 2022. (Photo: David Dee Delgado/Getty Images)

A lawsuit against a cryptocurrency exchange by New York State looks a lot more like a referendum on the world's second biggest blockchain, Ethereum.

Why it matters: Ether has a nearly $200 billion market capitalization and something like 400,000 daily users. Its popularity was partly driven by the fact that entrepreneurs had become convinced that the coin had become exempt from securities regulations.

Details: New York Attorney General Letitia James announced a suit against the crypto exchange KuCoin on Thursday, specifically making note of the fact that it's the first such suit alleging that ether is a security.

In the weeds: The complaint takes pains to argue that ether (ETH) is a security under existing law.

Of note: In order to verify that various cryptocurrencies were available in the state on KuCoin, a detective bought and sold digital assets on the platform from within its boundaries.

KuCoin did not immediately respond to a request for comment.

The bottom line: The AG is seeking disgorgement of ill-gotten gains from New Yorkers, injunctive relief and other remedies.

Yes, but: What everyone in the distributed ledger industry will actually be watching is whether or not the court sustains New York's contention that the second largest cryptocurrency in the world should be regulated as a security.

Editor's note: This story has been corrected to state that ethers market capitalization is nearly $200 billion, not $200 million.

Originally posted here:

New York AG goes after the Ethereum blockchain - Axios

Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated in todays session.

Bitcoin (BTC) rose back above the $25,000 level in todays session, as market volatility eased, as the Swiss National Bank moved to prevent a collapse of Credit Suisse.

Following a low of $23,964.91 on Wednesday, BTC/USD rallied to an intraday peak of $25,240.62 earlier in the day.

As a result of the move, bitcoin once again broke out of a key resistance level at the $25,050 zone.

Overall, BTC is now trading 15% higher from the same point last week, with the 14-day relative strength index (RSI) at its strongest point since February 20.

Currently, the index is tracking at 62.54, which is marginally below a resistance point at the 65.00 mark.

This ceiling remains the main obstacle preventing bitcoin bulls from surging back towards a recent high above $26,000.

Ethereum (ETH) on the other hand was mostly in the red, with prices falling back below the $1,700 mark.

ETH/USD hit a low of $1,616.63 earlier in todays session, which comes following a high at the $1,701.43 mark the day prior.

As a result of todays drop, the worlds second largest cryptocurrency moved below a key ceiling at the $1,675 point.

Looking at the chart, the decline came as the RSI failed to break out of a resistance level at 60.00.

At the time of writing, price strength is now tracking at 56.90, with the next visible point of support at 55.00

In the event bears land at this zone, there is a strong chance that ETH will be trading below $1,600.

Register your email here to get weekly price analysis updates sent to your inbox:

Could ethereum rebound in the coming days? Leave your thoughts in the comments below.

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read the original post:

Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back ... - Bitcoin News

After the widely publicized collapse of the Silicon Valley Bank (SVB), accompanied by two other major banking institutions crashing and more at risk, investors seem to be increasingly flocking to the alternative solution cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

As evident from the declining portion of Bitcoin and Ethereum reserves on crypto exchanges, investors are seeking refuge in these digital assets out of fear that the banking crisis could spread to crypto businesses, as noted by blockchain and financial analysis platform Glassnode in a weekly newsletter sent out on March 13.

Specifically, the report stated that around 0.144% of all BTC and 0.325% of all ETH in circulation was withdrawn from exchange reserves, demonstrating a similar self-custody response pattern to the collapse of the crypto trading platform FTX.

On top of that, the platforms team stressed that these numbers spoke volumes about the growing level of investor confidence in crypto in recent weeks:

On a USD basis, the last month saw over $1.8B in combined BTC and ETH value flow out of exchanges. This is not necessarily large in relative scale. However, observing net exchange withdrawals, especially within the current hostile regulatory environment, does speak to a degree of investor confidence that is worth noting.

Meanwhile, Bitcoin has put some breaks on its recent progress, gaining only 0.17% on the day and at press time trading at the price of $24,674, as it began to consolidate the weekly increases of 13.64% and of 13.14% on its monthly chart.

At the same time, Ethereum has lost 1.17% in the last 24 hours, trading at the price of $1,672, but still up 8.97% compared to the previous seven days and 11.02% across the last month, as per the latest information retrieved on March 16.

Whether crypto manages to retain investors interest remains to be seen and will largely depend on the developing situation in the banking sector, in addition to the developments directly related to the cryptocurrency market and the wider macroeconomic landscape.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

More here:

Banking contagion sparks crypto frenzy: investors rush to 'HODL ... - Finbold - Finance in Bold

You may be familiar with Ether, a distributed platform for consensus mechanisms. But what exactly are ERC-20 tokens for Ethereum?

On Ethereum, there are ERC-20 tokens because they are simple to make and follow a set methodology. Because of this, they are easier to utilize than other tokens.

Ethereum Code may perform all of their operations electronically using the trading platform Ether Software.

Well define ERC-20 currencies in this post and provide you with some instances of well-known ERC-20 tokens. Well also explain how to utilize and store them.

The Ethereum serves as the foundation for a particular kind of token known as an ERC-20 token, or Ethereum Proposal for Comments 20.

ERC-20 tokens are digital currencies that may stand in for many items.

For example, they may stand in for virtual shares, money, rewards, or anything else that can be split and distributed.

The fact that ERC-20 tokens are simple to trade and maintain is one of their main advantages. Because of this, they are perfect for a wide range of uses.

A smart contracts procedure is used to produce ERC-20 coins. An intelligent contract program that aids in the negotiation or fulfilment of a contract by facilitating, verifying, or enforcing it.

With ERC-20 tokens, an intelligent contract creates and manages a new ticket. An agreement and coding are required to produce an ERC-20 pass. The coding is a collection of directives explaining how to make and administer your new coin to the shared ledger.

Users may develop the software in any language. Still, it has to be translated into Solidity, a programming language created exclusively for building smart contracts for the Ethereum network.

You may generate your own token by making a payment to the consensus mechanism after you have your code. By doing this, a starting supply of tickets will be created and assigned to a specific address. After that, you may transmit these tokens to anybody you choose by transferring them to their account.

For its owners, ERC-20 tokens provide a wide range of advantages. To begin with, trading them is simple. It is because they are built on the Ethereum network, one of the worlds most widely used and widely-used distributed ledgers. Because of this, they are more liquid and simpler to trade than that other kind of tokens.

They are adaptable as well. ERC-20 certificates are based mainly on Hyperledger fabric and can be employed for various things. These cover making purchases of products and services and taking part in tokens.

Finally, they provide investors with a high level of security. It happens because they were created on the Bitcoin blockchain, which is renowned for its reliability and safety.

There are several uses for the ERC-20 token. They often function as a means of trading or exchanging passes for these other resources and raising money for new endeavours.

Most ERC-20 currencies are convenience tokens, which may be used to pay for products and services. Others are employed as crypto assets, which provide owners with an economic interest in the underlying enterprise.

So, if you were to purchase a new camera phone using an ERC-20 currency, you might do so by using a user token that users may use to purchase photographic gear. Alternatively, you can buy a security token if you wish to participate in a startup raising money using ERC-20 tokens.

An ERC-20 coin is created on Ethereum, which is its primary distinction from an Ethereum token. It indicates that it is compatible with Ethereums distributed architecture and may be exchanged there.

The direct benefit of an ERC-20 cryptocurrency is that it gains access to the Ethereum channels reliability and security. If youre looking for a form of payment that is suitable for international trade, Ethereum is a terrific choice.

The reasons for this are:

ERC-20 vouchers are simply one kind of money that relies on Ethereum. Ethereum certificates, however, are not developed on the Ethereum platform and are incompatible with Ethereum marketplaces.

Although they have no intrinsic worth, users can use them to symbolize almost anything. Make careful to do thorough research before investing in either ERC-20 token. Frauds abound; if youre not vigilant, its simple to fall victim to one.

You might also like

Go here to read the rest:

What Are the Ethereum Network's ERC-20 Tokens? - Robotics and Automation News

The popularity of OpenAIs text-based artificial intelligence (AI) platform ChatGPT has reinvigorated the publics interest in the underlying technology due to its utility in multiple areas, and one cryptocurrency exchange executive has decided to test its abilities in finding flaws in Ethereum (ETH) smart contract.

Specifically, Conor Grogan, director of crypto trading platform Coinbase, has dumped a live Ethereum contract into the newest version of the popular chatbot, GPT-4, and it highlighted multiple security vulnerabilities and surface areas where the smart contract could be exploited, as he said in a Twitter post on March 14.

Additionally, Grogan posted screenshots of the AI bots analysis, which indeed seem to show that ChatGPT is capable of correctly identifying critical issues and vulnerabilities, as it concluded that the analyzed smart contract should not be used, as it contains critical vulnerabilities and is based on an illegal scheme.

That being said, some disagreement arose in the comments regarding whether the new version of the AI tool was able to discover these smart contract vulnerabilities on its own or was just highlighting old information about it already available online.

Indeed, Grogan did specify that the contract in question was hacked in 2018 using the flaws that the AI tool was pointing out, which led several commenters to state it was simply listing the issues that had already been made public before its training data cutoff in September 2021, and that it might not be as accurate with an unseen smart contract that was never exploited before.

Regardless of whether ChatGPT was able to dig out the vulnerabilities in the smart contract on its own or was just regurgitating the information already available online, its capabilities are still significant and potentially useful in auditing smart contracts, as well as in other areas in the cryptocurrency sector, such as in making educated guesses about the future price of cryptocurrencies like Polygon (MATIC).

That said, some critics, including Tesla (NASDAQ: TSLA) CEO Elon Musk, have expressed their views that ChatGPT may be biased in discussing certain topics that are considered controversial, which has allegedly led Musk to start contemplating the possibility of creating a ChatGPT alternative as he joked about the need for TruthGPT.

Go here to read the rest:

Test: New ChatGPT-4 instantly identified Ethereum smart contract ... - Finbold - Finance in Bold