Adobe Jumps Into Non-Fungible Token Ecosystem With ‘Prepare as NFT’ Photoshop Tool

Adobe Jumps Into Non-Fungible Token Ecosystem With ‘Prepare as NFT’ Photoshop Tool

Adobe Inc., the American multinational computer software company that’s well known for its platforms like Photoshop and Illustrator, has jumped into the non-fungible token (NFT) universe. According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, “NFTs will change creativity.” New Adobe Photoshop Tool Will Assist NFT Creators in ‘Packaging and Preparing, Along With the Attribution Capabilities’ The software company Adobe has launched a Photoshop tool that allows creators to pre-construct the images for non-fungible token (NFT) applications. On October 26, Scott Belsky, Adobe’s chief product officer, spoke in an interview with The Verge’s Nilay Patel about the firm’s deep dive into the world of NFTs. The new Adobe Photoshop tool will allow users to add specific credentials so popular markets such as Opensea can read the metadata. During the interview with Patel, Belsky said he was bullish about the NFT industry. Belsky disclosed that the ‘prepare as NFT’ option would be available by “the end of this month.” However, the new feature has been added to the latest Photoshop release and users can add their NFT credentials. “It will be able to take whatever you’re working on and it will assist you in packaging it and preparing it along with the attribution capabilities… for some of the popular minting platforms and blockchains out there,” the Adobe executive said. Adobe Chief Product Officer: ‘No Changes to Photoshop Format — Open-Source Framework’ The Verge’s Patel asked Belsky if there would be any changes to the current Photoshop format and the chief product officer said no. “Yeah, no changes to the format, and the cryptographic signature points to an IPFS (Inter-Planetary File System)-powered system that shows you the attribution data,” Belsky stressed during the interview. “But again, it’s a decentralized storage source and it’s an open-source framework. So that, again, anyone can cryptographically sign anything from within the tool that’s used to create something and then you leverage the same system,” the Adobe executive further remarked. The Adobe chief product officer added: And that’s great, because we don’t want this to be anything that is proprietary to Adobe or part of one of our formats, that would negate the purpose. The news that Adobe has added an NFT tool to the Photoshop…

PlanetWatch Announces Listing of PLANETS Token on Bitmart

PlanetWatch Announces Listing of PLANETS Token on Bitmart

press release PRESS RELEASE. PlanetWatch, a French start-up which decentralizes and incentivizes environmental monitoring, announced that its utility token, PLANETS, will be listed on Oct. 22 on Bitmart. Claudio Parrinello, PlanetWatch’s CEO said: “PlanetWatch is experiencing explosive growth. With over 6,000 sensors already deployed worldwide, we are happy to see PLANETS becoming available worldwide via multiple exchanges.” PlanetWatch is revolutionizing the way people measure air quality and other environmental parameters by leveraging the Algorand Blockchain, IoT-enabled sensors and AI-based data analysis. Dense sensor networks can be activated in any city quickly and cost-effectively by incentivizing local residents to deploy and operate approved sensors and earn token rewards for data streams. PlanetWatch is gaining traction amongst consumers as well as in the corporate world. Following the successful completion of a seed funding round of about 1 million euros back in July, the company is attaining important commercial and scientific milestones. In the context of indoor air quality monitoring, PlanetWatch has recently enabled an Italian hotel to become the second hotel in the world to achieve the prestigious RESET air quality certification. The results of this work are described in a scientific paper written in collaboration with an Italian university.   This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not 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 the press release. Image Credits: Shutterstock, Pixabay, Wiki Commons

Price analysis 10/27: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA

Price analysis 10/27: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA

Bitcoin (BTC) has broken back below the psychological support at $60,000. While this seems to be negative in the short term, the price action has continued to mirror its movement in 2017. If the similarity continues for the remainder of the year, Bitcoin bulls may be in for a party.PlanB, creator of the popular Bitcoin Stock-to-Flow (S2F) model, recently proclaimed in a tweet that the second leg of Bitcoin’s bull market has begun. If Bitcoin’s price action continues to follow the S2F model, the analyst believes a rally to $100,000 to $135,000 may be possible by the end of the year.Daily cryptocurrency market performance. Source: Coin360Although Bitcoin garners the lion’s share of attention, cryptocurrency exchange Okcoin said in a recent report that institutional investors’ appetite for non-Bitcoin crypto assets has been growing. The report said that 53% of the purchases by institutional investors in September were in altcoins.Is the current fall in Bitcoin a buying opportunity or the start of a deeper correction? How are the altcoins expected to react? Let’s analyze the charts of the top 10 cryptocurrencies to find out.BTC/USDTBitcoin failed to retest the overhead resistance zone at $64,854 to $67,000 on Oct. 25, which may have prompted short-term traders to book profits. That has pulled the price down to the strong support at the 20-day exponential moving average (EMA) ($58,948).BTC/USDT daily chart. Source: TradingViewA break and close below the 20-day EMA will be the first sign that the bullish momentum may be weakening. If bulls fail to reclaim the level quickly, the selling could accelerate and the BTC/USDT pair could slide to $52,920.The relative strength index (RSI) has dropped to the midpoint and the 20-day EMA is flattening out, suggesting a balance between supply and demand.This advantage will tilt in favor of the bears if the pair slides and sustains below the 50-day simple moving average (SMA) ($51,556). On the other hand, a breakout to a new all-time high will indicate that bulls are back in command.ETH/USDTThe bulls tried to resume the uptrend in Ether (ETH) on Oct. 26 and 27 but could not sustain the price above $4,200. This suggests that bears are active at higher levels.ETH/USDT daily chart. Source: TradingViewThe sellers have pulled the price to the 20-day EMA ($3,869),…

A Need for More Regulatory Clarity

A Need for More Regulatory Clarity

They must act, on the one hand, to ensure that the United States is a leader, if not the leader, in this new area of capital formation and financial technology. But on the other hand, they must also protect small-time investors and the general public from fraudsters, pump and dumpsters and the vagaries of exploding asset bubbles.

Cream Finance Exploited in Flash Loan Attack Netting Over $100M

Cream Finance Exploited in Flash Loan Attack Netting Over $100M

The funds appear to have been taken using a flash loan in a notably complex transaction that involved 68 different assets and cost over 9 ETH in gas. Of the $260 million lost, the attacker netted roughly $130 million in various cryptocurrencies, of which $40.6 million may be in illiquid crETH, a staked ETH derivative that may prove difficult for the attacker to sell.

Binance Smart Chain surpasses 1.5 billion lifetime transactions

Binance Smart Chain surpasses 1.5 billion lifetime transactions

Binance, the world’s largest cryptocurrency exchange by volume, tweeted on Oct. 26 that the cumulative number of transactions on its Binance Smart Chain (BNB) has surpassed 1.5 billion. The network achieved this milestone a mere 14 months after its launch on Aug. 31, 2020. According to BscScan, the daily number of transactions on the blockchain recently surged to over 10 million — just shy of its all-time record high of 13 million back on July 29. There also appear to be more than 108 million unique wallet addresses on BSC’s blockchain, compared to about 650,000 at the beginning of the year.In recent months, the BSC network has become a viable Ethereum competitor in terms of both cost and efficiency. Based on data from YCharts.com, average gas prices and block times on the Ethereum network amount to $131.87 and 13.33 seconds, respectively. Meanwhile, it takes only 3.02 seconds to mine a new block on the BSC, with users paying, on average, $6.64 in gas fees to execute smart contracts on the blockchain. However, BSC is far more centralized than the Ethereum network, with only 21 approved validators. Changpeng Zhao — the now billionaire founder of Binance — has stated that he has ambitious plans to expand BSC. Earlier this month, he announced a $1 billion accelerator fund to advance BSC and the cryptocurrency ecosystem. Currently, the most popular decentralized application, or dApp, on BSC is PancakeSwap — a decentralized exchange, or DEX. According to CoinGecko, PancakeSwap has more than 2,436 altcoins available for trading.

Mask Network, 1inch and Shiba Inu ignore Bitcoin’s downtrend, posting 20% gains

Mask Network, 1inch and Shiba Inu ignore Bitcoin’s downtrend, posting 20% gains

The cryptocurrency market is back on the rocks on Oct. 27 as many of the top assets find themselves in the red on the day after Bitcoin (BTC) price dropped to $58,000 in the early trading session.Despite the wider struggles of the market, several altcoins have managed to post gains in excess of 22% as major protocol integrations and exchange listings have helped to buffer them against the wider market downturn.Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24hours were 1inch (1INCH), Shiba Inu (SHIB) and Mask Network (MASK).1inch integrates with Exodus wallet1Inch is a distributed network and decentralized exchange (DEX) aggregator that connects decentralized protocols across multiple blockchain networks, including Ethereum (ETH), Binance Smart Chain, Polygon (MATIC) and Arbitrum.VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for 1INCH on Oct. 26, prior to the recent price rise. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (green) vs. 1INCH price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for 1INCH climbed into the green zone on Oct. 26 and reached a high of 72 around two hours before the price increased 100.5% over the next day.The sudden spike in the price of 1INCH comes following an earlier announcement that the protocol has integrated with Exodus wallet to bring its functionality directly into the multi-currency, cross-platform wallet. Shiba Inu contines to hit new highsShiba Inu is a canine-themed project that has been gaining momentum throughout 2021 as the project has expanded from being a simple meme into an evolving ecosystem that offers decentralized finance (DeFi) and nonfungible token (NFT) capabilities. According to data from Cointelegraph Markets Pro, market conditions for SHIB have been favorable for some time. VORTECS™ Score (green) vs. SHIB price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for SHIB first climbed into the green zone on Oct. 23 and reached a high of 89 on Oct. 24, around seven hours before the price increased 119%…

Market Wrap: Bitcoin Dips Below $60K as ETF Enthusiasm Fades

Market Wrap: Bitcoin Dips Below $60K as ETF Enthusiasm Fades

From Oct. 19, when the ProShares ETF started trading, through Tuesday, BITO shares were down by 2.45%, based on a chart shared by Grayscale, the company that sponsors GBTC. Bitcoin was down 1% over the same period and GBTC was up 7.5%. (Grayscale is a unit of Digital Currency Group, which also owns CoinDesk.)

Shiba Inu Jumps 70% to Surpass Market Value of Robinhood – Where It’s Not (Yet) Listed

Shiba Inu Jumps 70% to Surpass Market Value of Robinhood – Where It’s Not (Yet) Listed

He added: “We think it’s the right thing, not just for shareholders and for the company, but also for customers to make sure that we, you know, apply the same kind of diligence to any new coins. … We do hear our customers and they want more features, and so we’re going to be working, you know, as fast as we can with the right balance of safety and compliance to make sure that we don’t make missteps here.”