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Space and Time and Microsoft Make Blockchain Data Accessible on Azure Marketplace

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Seattle, United States, April 19th, 2023, Chainwire

Space and Time and Microsoft announce that developers can now deploy the Space and Time data warehouse directly from the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. The one-click deployment provides customers with an accelerated on-ramp to easily access, manage and perform analytics on blockchain-native data. 

As a leader in intelligent computing and AI, Microsoft is committed to supporting its customers and partners with their business needs, including Web3 scenarios and use cases. In September 2022, Microsoft’s venture capital fund, M12, led a funding round for Space and Time. The one-click deployment of Space and Time on the Azure Marketplace provides developers with a trustless intermediary to quickly and easily onboard large volumes of enterprise data to smart contracts, as well as new use cases for indexed blockchain data. 

“At Microsoft, we are empowering growth across emerging markets—including blockchain and distributed data. Together, Microsoft Azure and Space and Time will provide developers with the tools they need to build the next generation of blockchain use cases,” said Kathleen Mitford, CVP of Global Industry Marketing.

The integration allows businesses to leverage the benefits of a decentralized data warehouse without rearchitecting their existing infrastructure, enabling enterprises to build on the blockchain without sacrificing compute power or security. The comprehensive Microsoft Azure cloud services and industry-leading identity and security capabilities provide a trusted set of services and tools to develop Web3 applications in this new era of ubiquitous computing.

Space and Time, a leader in Web3 data warehousing, joins real-time data indexed from major blockchains with customer-provided off-chain datasets. The Space and Time hybrid transactional and analytic (HTAP) data warehouse comes pre-loaded with real-time indexed blockchain data, provided for free. 

The one-click deployment enables customers to easily integrate the Space and Time data warehouse with their existing enterprise infrastructure. Connecting blockchain data to Azure compute will generate new use cases for base-layer blockchains and developers of decentralized applications. 

“The need for verifiable data across blockchains, enterprises and AI has never been more important. We provide enterprises with the ability to integrate blockchain data into their applications and business processes, which is critical for both customer growth and enabling responsible data stewards,” said Space and Time CEO and Co-Founder Nate Holiday. “We’re excited to extend our partnership with Microsoft to bridge enterprise data assets with blockchain and AI innovation.” 

About Microsoft 

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more. https://www.microsoft.com/

About Space and Time 

Space and Time is the first Web3-native decentralized data warehouse that joins tamperproof on-chain and off-chain data to deliver enterprise use cases to smart contracts. Space and Time has developed a novel cryptography called Proof of SQL℠ that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. Space and Time is built from the ground up as a multichain data platform for developers in financial services, gaming, DeFi, or any project requiring verifiable data across enterprise, blockchain and AI.

For more information, visit: Website | Twitter | Discord | Telegram | LinkedIn | YouTube

Contact

Spencer Reeves
marketing@spaceandtime.io

MetaMask Refutes Allegations of Wallet Vulnerability in $10M Hack Incident

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In response to recent claims regarding a massive $10 million hack, MetaMask, a popular Ethereum wallet and browser extension, has firmly denied any vulnerability in its platform. The company asserts that its wallet infrastructure remains secure and has not been compromised.

The allegations surrounding the purported hack surfaced on social media and various online forums, with users claiming that a security breach in MetaMask’s wallet infrastructure led to the loss of millions of dollars’ worth of cryptocurrencies. However, MetaMask has quickly moved to address these concerns, emphasizing that the company’s security measures remain intact and that the reported hack did not result from any vulnerabilities within its platform.

In an official statement, MetaMask declared that its wallet service continues to provide a secure environment for users to store and manage their digital assets. The company further encouraged users to remain vigilant when it comes to their online security practices, reminding them of the importance of maintaining strong passwords, enabling two-factor authentication, and avoiding phishing scams.

As one of the most widely-used Ethereum wallets and browser extensions, MetaMask plays a crucial role in the blockchain and cryptocurrency ecosystem. With millions of users relying on its services for secure access to decentralized applications (dApps) and the management of their digital assets, the company has a vested interest in maintaining a high level of security and trust.

While the alleged $10 million hack has generated significant concern among the cryptocurrency community, MetaMask’s swift denial and reassurances regarding its platform’s security should help to alleviate some of these fears. As the investigation into the incident continues, users are advised to remain cautious and adhere to best practices when it comes to safeguarding their digital assets.

Ethereum Staking Surpasses Withdrawals Following Shapella Upgrade

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In a significant milestone for the Ethereum network, the number of new staked Ether (ETH) has exceeded withdrawals for the first time since the implementation of the Shapella upgrade. This development highlights the growing confidence among Ethereum users in the network’s transition to Ethereum 2.0 and its Proof of Stake (PoS) consensus mechanism.

The Shapella upgrade, which was introduced to improve the overall efficiency and scalability of the Ethereum network, has generated considerable interest in ETH staking. As a result, more users are now choosing to stake their ETH tokens to support the network’s security and earn rewards. This influx of stakers has led to a situation where new staked ETH outnumbers withdrawals, signaling a positive trend for Ethereum’s long-term growth and stability.

A key factor contributing to this shift in staking behavior is the enhanced rewards structure for Ethereum stakers following the Shapella upgrade. With the new system, stakers are incentivized to hold onto their staked ETH for longer periods, as doing so allows them to earn higher rewards. This change has encouraged more users to participate in the staking process, providing the network with a stronger foundation for future growth.

The increase in staked ETH also reflects the optimism surrounding Ethereum’s ongoing transition to Ethereum 2.0, which aims to address the network’s scalability and environmental concerns. By moving from the current energy-intensive Proof of Work (PoW) consensus mechanism to a more sustainable PoS model, Ethereum 2.0 seeks to ensure that the network remains competitive and attractive to users, developers, and investors alike.

As Ethereum continues to evolve and adapt to the demands of the rapidly-growing blockchain and cryptocurrency sectors, the recent surge in staked ETH serves as an indicator of the network’s potential for long-term success. With the Shapella upgrade bolstering the staking ecosystem and Ethereum 2.0 on the horizon, the Ethereum community can look forward to a more secure, efficient, and environmentally-friendly future.

Core DAO Collaborates with Bitget and MEXC to Initiate $200M Ecosystem Fund

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Core DAO, a leading decentralized autonomous organization, has announced a groundbreaking partnership with Bitget, a top global cryptocurrency derivatives exchange, and MEXC, a prominent digital asset trading platform. Together, the trio aims to establish a $200 million ecosystem fund dedicated to driving innovation and growth within the blockchain and cryptocurrency sectors.

The ambitious project is a testament to the commitment of these three industry powerhouses to foster collaboration, encourage the development of novel decentralized applications (dApps), and cultivate a robust decentralized finance (DeFi) ecosystem. The fund will allocate resources to support projects with high potential, providing crucial financial backing to blockchain startups and developers.

Core DAO’s partnership with Bitget and MEXC is expected to create a synergy that will greatly benefit the entire crypto community. By leveraging their respective strengths and expertise, the collaborating parties will be well-equipped to identify and invest in projects that possess the potential to redefine the future of the blockchain industry.

The $200 million fund is set to bolster the growth of innovative technologies, with a focus on DeFi, non-fungible tokens (NFTs), gaming, and metaverse projects. The collaboration aims to empower projects that exhibit strong potential, sustainability, and growth prospects, while also offering support to developers and startups that may have otherwise faced barriers to entry in the highly competitive crypto industry.

As part of the initiative, the ecosystem fund will also be instrumental in promoting research and development, driving the adoption of blockchain technology, and providing technical guidance and assistance to projects. Through these efforts, the partnership aims to advance the adoption of decentralized technology and contribute to a more inclusive and vibrant crypto ecosystem.

This strategic alliance between Core DAO, Bitget, and MEXC signifies a major step forward for the blockchain and cryptocurrency sectors. By pooling their resources, expertise, and industry knowledge, these organizations are set to pave the way for a new era of innovation and growth in the rapidly-evolving world of decentralized technology.

Ether Reaches 11-Month Peak as Post-Shapella Withdrawals Exceed 1 Million ETH

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Ether, the second-largest cryptocurrency by market capitalization, has soared to an 11-month high following the aftermath of the Shapella event, with over 1 million ETH being withdrawn from the platform.

The price of Ether has experienced a significant boost, reaching levels not seen since May of last year. This surge in value can be attributed to the recent Shapella incident, which has led to a wave of withdrawals from the platform. Following the event, more than 1 million Ether tokens have been removed from Shapella by concerned investors.

The Shapella event, which has caused widespread concern in the cryptocurrency community, has prompted many to reevaluate their investments in the platform. This has led to a substantial increase in demand for Ether, as investors look for safer alternatives to safeguard their assets.

In addition to the Shapella fallout, the rising popularity of decentralized finance (DeFi) applications has also contributed to Ether’s resurgence. As the backbone of the Ethereum network, Ether serves as the primary currency for these applications, driving increased demand for the cryptocurrency.

As Ether continues to gain momentum, many industry experts are closely monitoring its progress. Some believe that this latest surge could mark the beginning of a new bullish trend for the cryptocurrency, while others remain cautious, citing the potential for market volatility and unforeseen external factors.

Regardless of what the future holds for Ether, its recent rise serves as a reminder of the resilience and adaptability of the cryptocurrency market in the face of adversity. As the Shapella situation continues to unfold, investors and enthusiasts alike will be keeping a close eye on Ether’s performance and its impact on the broader market.

Bitrue Promises to Compensate Users After $23 Million Hack

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Bitrue, a Singapore-based cryptocurrency exchange, recently suffered a security breach resulting in the loss of approximately $23 million. The hack, which exploited the platform’s hot wallet system, has raised questions about the safety of storing digital assets in such wallets.

The exchange confirmed the incident in an official statement, revealing that the attacker managed to compromise the platform’s hot wallet system and steal a significant amount of digital assets. Bitrue has not provided specific details on how the breach occurred but assured its customers that it is working closely with other exchanges and law enforcement agencies to track the stolen funds and apprehend the perpetrator.

Hot wallets, unlike cold wallets, are connected to the internet, making them more susceptible to hacks and security breaches. While their convenience and accessibility make them popular among users for day-to-day transactions, they pose a higher risk compared to offline, cold wallet storage.

In response to the breach, Bitrue has temporarily suspended all deposits, withdrawals, and trading on its platform. The exchange also emphasized that it would reimburse all affected users, stating that 100% of the lost funds would be covered by the company’s insurance policy. Bitrue is working diligently to resume regular operations as soon as possible, prioritizing the security of its customers’ assets.

This incident serves as a stark reminder of the potential dangers associated with storing cryptocurrencies in hot wallets. As the cryptocurrency market continues to grow, it is crucial for exchanges and users alike to prioritize security measures and invest in more secure storage solutions such as cold wallets.

The Bitrue hack is the latest in a series of high-profile security breaches targeting cryptocurrency exchanges. As digital assets become increasingly mainstream, it is imperative for the industry to address these vulnerabilities and develop more robust security protocols to protect users’ funds and maintain trust in the market.

Ethereum Staking Raises Privacy Concerns as IP Addresses are Exposed, Researcher Claims

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A recent study conducted by an Ethereum researcher has raised concerns over the privacy of staking on the platform, suggesting that users’ IP addresses may be exposed during the process. This revelation has sparked a discussion about the security and privacy of Ethereum, the world’s second-largest cryptocurrency by market capitalization.

The researcher, who prefers to remain anonymous, discovered that when Ethereum users participate in staking, their IP addresses become publicly visible. The issue arises due to the design of Ethereum’s staking mechanism, which relies on validators to confirm transactions and create new blocks. Validators are chosen at random from those who have staked their Ethereum tokens, and the process of staking and validating transactions exposes their IP addresses.

This exposure of IP addresses raises significant privacy concerns for Ethereum users, as IP addresses can reveal personal information such as location, Internet Service Provider (ISP), and browsing habits. The revelation has led to concerns that attackers could use this information to target specific individuals, exposing them to potential cyber-attacks and other risks.

Privacy advocates argue that the exposure of IP addresses undermines one of the core principles of cryptocurrencies: providing a secure and anonymous means of transacting. They maintain that this flaw could deter potential users from participating in Ethereum’s ecosystem, leading to reduced adoption and a subsequent impact on the value of the cryptocurrency.

However, not everyone agrees with these concerns. Some experts argue that the risk associated with IP address exposure is minimal and that the benefits of staking outweigh any potential privacy issues. They point to the fact that many Internet users already have their IP addresses exposed through everyday activities such as browsing websites, using messaging apps, or engaging in online gaming.

Despite the ongoing debate, it is clear that the exposure of IP addresses during Ethereum staking has raised questions about the platform’s privacy and security. It remains to be seen whether the Ethereum community will take steps to address these concerns, or if users will have to rely on additional privacy measures, such as VPNs or proxy servers, to protect their IP addresses during staking.

Bitcoin Price Trends Mirror Previous Halving Cycles, Challenging Notions of a Bear Market

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Amid recent discussions about a potential Bitcoin bear market, a closer analysis of the cryptocurrency’s price trends reveals striking similarities to previous halving cycles. This observation suggests that Bitcoin’s current price movements may be part of a larger, predictable pattern, challenging the notion that the market is entering a prolonged downturn.

Bitcoin halving events, which occur roughly every four years, reduce the reward miners receive for successfully validating transactions. These events have historically had a significant impact on the price of Bitcoin, with the cryptocurrency typically experiencing a period of growth following each halving.

Comparing the current price trajectory of Bitcoin to that of previous halving cycles reveals a close correlation between the two. This suggests that rather than entering a bear market, the leading cryptocurrency may be following an established pattern of growth and consolidation that has been observed in the past.

The notion that Bitcoin’s price trends are following a familiar trajectory challenges the prevailing sentiment among some investors that the market is heading for a prolonged downturn. Instead, historical price patterns indicate that the cryptocurrency may be poised for further growth, albeit with potential periods of consolidation and volatility along the way.

This perspective is supported by the continued interest in Bitcoin and the broader cryptocurrency market from both retail and institutional investors. Despite occasional market turbulence, the overall trajectory of the cryptocurrency sector remains one of growth and increasing adoption.

As the market continues to evolve, the relationship between Bitcoin’s price and halving cycles will remain a subject of interest for investors and analysts alike. The observation that the leading cryptocurrency’s price trends closely mirror those of previous halving cycles may offer valuable insights into the future direction of the market and challenge prevailing assumptions about the onset of a bear market.

Twitter Set to Launch Crypto and Stock Trading in Collaboration with eToro, According to Reports

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Social media giant Twitter is reportedly preparing to launch cryptocurrency and stock trading features in partnership with online trading platform eToro. The innovative collaboration aims to integrate trading functionality directly into the Twitter platform, potentially revolutionizing the way users engage with the world of finance.

The partnership between Twitter and eToro, a platform that offers trading services for cryptocurrencies, stocks, and other assets, seeks to capitalize on the growing intersection of social media and finance. By offering users the ability to trade various assets directly from the Twitter platform, the collaboration could transform the way users interact with financial markets and accelerate the mainstream adoption of digital asset trading.

Details about the trading features and launch timeline remain limited, but the partnership is expected to leverage eToro’s existing infrastructure and expertise to create a seamless and user-friendly experience for Twitter users. If successful, this collaboration could pave the way for further integration of financial services within social media platforms, blurring the lines between communication, content sharing, and asset trading.

The potential launch of cryptocurrency and stock trading on Twitter comes at a time when interest in digital assets and online trading is surging. The rise of meme stocks, decentralized finance (DeFi), and non-fungible tokens (NFTs) has generated significant enthusiasm among retail investors, many of whom rely on social media platforms like Twitter for information and community engagement.

While the implications of this partnership for the broader financial industry remain uncertain, the collaboration between Twitter and eToro could signal a new era of convergence between social media and finance. As users increasingly turn to online platforms for financial services, the integration of trading features within Twitter may serve as a blueprint for the future of digital asset engagement and accessibility.

New R&D Tax Regulations Pose a Threat to Blockchain Startups’ Financial Stability

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New tax regulations concerning research and development (R&D) are set to be implemented, potentially putting the financial stability of blockchain startups at risk. The changes, designed to prevent tax fraud, may inadvertently result in cash flow issues for legitimate businesses in the blockchain industry that rely on R&D tax credits for financial support.

The upcoming tax policy adjustments aim to tackle fraudulent claims by implementing a cap on payable tax credits. This cap is set at three times the company’s total PAYE and National Insurance liabilities for the year. While the intentions behind these changes are to curb tax fraud, the policy shift may inadvertently harm startups that invest heavily in R&D, such as those in the blockchain sector.

Many blockchain startups have limited staff and low PAYE and National Insurance contributions due to the nature of their businesses. As a result, the new cap on payable tax credits could severely limit the financial resources available to these startups, potentially leading to cash flow issues and even bankruptcy.

This situation is particularly concerning for the blockchain industry, which has experienced rapid growth in recent years and is recognized as a driving force behind technological innovation. By limiting the R&D tax credits available to blockchain startups, these policy changes could stifle innovation and hinder the development of new and transformative technologies.

Industry experts are urging lawmakers to consider the potential ramifications of these tax policy changes and work towards finding a balanced solution that safeguards both the interests of the government and the growth of the blockchain sector. A failure to address the concerns of blockchain startups may lead to a decline in innovation and a slowdown in the overall development of the industry.

As the implementation of the new R&D tax rules approaches, the potential impact on blockchain startups remains uncertain. The coming months will reveal whether these policy changes will have the unintended consequence of stifering innovation and harming the financial stability of blockchain-based businesses.

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