The Kaspa platform is undergoing a major upgrade with the Rust rewrite, also known as Rusty Kaspa. This upgrade is expected to make the platform faster, more stable, and more secure for users. The development team is currently working on several tasks and tests to prepare for the beta release, which is estimated to be ready in two to three weeks.
Some of the key improvements being made include automatic pruning of block headers, block sampling for difficulty adjustment, and enhancements to the Application Programming Interface (API). These changes will streamline processes and improve efficiency for the platform.
Rusty Kaspa is currently in its alpha stage and has been deployed to both the mainnet and testnet. Initial responses suggest that it is performing well with no significant issues. The beta release will include a 4BPS testnet launch for a few days, which will provide valuable insights for future planning.
Overall, Rusty Kaspa is a strategic move to enhance the functionality, efficiency, and user experience of the Kaspa platform. The development team is optimistic about the progress made so far and the potential benefits for the greater crypto ecosystem.
Kaspa, a digital asset, has been added to Uphold, a global trading platform that offers a variety of assets including cryptocurrencies, forex trading, and stocks in certain regions. Starting May 11th, 2023, users can buy, sell, hold, and trade Kaspa on the platform. However, it is important to note that at launch, Kaspa will be classified as a “Tier 4” asset, meaning users cannot withdraw it to cold storage but can still trade it on the platform.
Uphold is known for its user-friendly interface, quick account setup, and low minimum deposit requirements. The addition of Kaspa to their platform is expected to attract more users and expand the Kaspa ecosystem. Uphold takes security seriously, using advanced encryption and monitoring systems to protect users’ assets.
The decision to fully integrate with the Kaspa Network will depend on the coin’s performance and user interest. Uphold regularly reviews its integration roadmap every quarter and anticipates that Kaspa will be included in the future.
For more information on Uphold’s transparency regarding their reserves and Tier 3 and Tier 4 listings, users can visit their transparency page.
In summary, the inclusion of Kaspa on Uphold’s platform marks a significant milestone for the cryptocurrency sector and offers more opportunities for trading and investment in digital assets.
Over the last seven days, the cryptocurrency market has seen a significant downturn, with the top five digital currencies losing a substantial portion of their value. According to CoinGecko, a leading crypto market tracker, the market has dropped by 2% just in the past day, adding to the ongoing decline. This downward trend has been exacerbated by the recent failure of First Republic Bank, which has cast a shadow over the banking industry as a whole.
As concerns about the banking sector mount, investors are on edge as they await the upcoming release of the Consumer Price Index data this Wednesday. With this critical information on the horizon, those involved in cryptocurrency trading should proceed with caution, as these assets are particularly sensitive to market shifts during such times. The following are the top five cryptocurrencies that have raised red flags over the past week.
This Week’s Top 5 Cryptos Raising Concerns:
XRD
Despite generating some excitement with its Consensus 2023 event, XRD has not been immune to the broader market’s downturn. CoinGecko data indicates that the token’s value has plummeted by 20% over the past week, signaling that it may not be a strong investment at this time. Currently, Radix is trading below the $0.08389 support level, and while there’s potential for recovery if it holds above this threshold, the token remains highly influenced by market forces. Keeping an eye on Bitcoin and Ethereum’s movements will be crucial in the coming days.
IMX
Immutable has been ambitiously working towards becoming the leading blockchain for Web3 gaming on Ethereum. Despite ongoing development within the IMX ecosystem, this vision has yet to materialize, as reflected by a nearly 20% drop in its value over the week. The token is trading at $0.797, just above its $0.721 support level. Maintaining this support is critical for IMX, as any further decline could exacerbate losses for investors.
LUNC
Following a targeted attack on one of its DeFi projects, LUNC saw a dip in investor confidence. Although there has been some recovery, external market pressures continue to weigh down on the token. Coinglass data reveals that short sellers slightly outnumber long buyers, indicating bearish control. After a nearly 19% drop over the week, LUNC is trading below its July 2022 support at $0.00009390.
KAS
Kaspa aims to be the fastest proof-of-work layer 1 blockchain and has continued its efforts despite market challenges. Even with a recent listing on KuCoin, KAS has struggled over the past week, depreciating by 20%. A critical support level at $0.024814 is now under threat, and bulls need to reclaim this ground to avoid further losses and potentially push towards the $0.036947 resistance.
ICP
The Internet Computer’s dApp ecosystem may be thriving, but ICP itself has faced difficulties gaining traction recently. CoinGecko reports an 18% decrease in value over the week, reflecting investor hesitancy amid general market instability. With bears aiming for a $4.888 price point, ICP supporters must defend this support level to prevent further declines.
In light of these developments, those involved in the crypto market should stay informed and exercise caution in their investment decisions.
Kaspa, a cryptocurrency project, has been listed on Bitget, a top 10 crypto exchange platform, as of 11:00 am UTC on May 9th. This new listing gives Bitget users the opportunity to trade Kaspa (KAS) and diversify their digital asset portfolios.
Bitget, established in late 2018, is known for its social trading focus and serves over two million users across 50 countries. The exchange offers various trading options including spot, margin, futures trading, and staking. With a quick listing process, Bitget supports emerging projects and provides them with exposure and liquidity.
Users can now trade the KAS/USDT pair on Bitget, with deposits and withdrawal schedules to be announced soon. The listing of Kaspa aligns with its mission to create a practical everyday currency and promote the use of cryptocurrency.
Bitget also has its own native ERC-20 utility token, BGB, which offers benefits such as discounted trading fees and exclusive promotions to holders.
For more information on Kaspa, users can visit their official website, wiki page, or follow them on social media platforms like Medium, Teletype, Discord, Telegram, Twitter, Reddit, GitHub, and their blockchain explorer. The original announcement can be found on Kaspa’s website.
