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Blockchain

Noether’s Staking Delegation Mainnet Beta is Now Live!

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After months of intense development and testing we are proud to announce that Staking Delegation is live on mainnet.

We would like to thank the community for such valuable participation, feedback, and rigorous testing of the system throughout both of our testnet phases. We have had multiple parties completely auditing the system, including our advisors, alongside a thorough review from Certik.

We are starting with a short mainnet beta phase, followed by a fully decentralized system, where any individual or organization can create and manage staking pools without any limit or cap imposed.

In this beta phase we will start with 3 staking partners: BlockscopeEverstakeHashQuark, who will create and manage pools that are each limited to a maximum of 3.6M CTSI. 3,000,000 CTSI is being staked from Cartesi’s Mining Reserve Intermediate Wallet for testing purposes, ensuring block production and accurate testing. The mine reserve tokens will be immediately unstaked and returned to the mine reserve wallet after the beta period concludes and the cap is lifted. All tokens and earned tokens will go back to the mine reserve and the Cartesi Foundation will cover the fees, ensuring no effect on the supply. 600,000 CTSI is available to be accepted by each pool from the community. The pool managers will choose the commission that will be charged for their operation.

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The steps below show how to delegate your CTSI. We are using screens from the ropsten test network. For mainnet you need to switch to mainnet at Metamask, but the process is the same.

  1. You need to have Metamask installed.
  2. You need CTSI in your Metamask wallet.
  3. You need some ETH in your Metamask wallet.
  4. Go to https://explorer.cartesi.io, click on “Connect to Wallet”, and navigate to the “Pools” option in the top menu. You should see the screen below (with a different list of pools).
  5. Select one of the pools by using the “Stake” button on the right of each row to go to the pool page as shown below:

  6. The first step to stake is to set an allowance for that particular pool. The allowance is the maximum amount of token the pool smart contract can transfer out of your wallet. You can set it to any value you want, your wallet amount, less or more. Click on the “Edit” in the allowance row and submit the ethereum transaction through Metamask. After the transaction is confirmed you should see something like the screenshot below.
  7. The next step is to deposit your tokens to the pool. You can deposit any amount you want limited only by your wallet balance and the allowance value you just set. Those tokens will need to stay deposited for 6 hours before you can stake them (for security reasons). Click on the “deposit” button, enter the amount and confirm the transaction through Metamask. You should see the screen below, with a countdown of 6 hours.
  8. After 6 hours you should be able to finally stake your tokens. Go back to the pool page and click on “Stake”, enter the amount and confirm the transaction.
    From now on, for every block the pool produces you will get a share of the reward minus the commission taken by the pool. The rewards are automatically compounded.

Whenever you decide you can unstake your tokens and withdraw back to your wallet. This process and its rules are described below.

  1. In the pool page click on the “Unstake” minus button in the “Staked” row. Choose if you want to unstake the full stake amount or a specific amount, and confirm the transaction through Metamask.
  2. The pool will create the required liquidity for you to withdraw the requested tokens back to your wallet. It might be necessary to unstake tokens from the Staking contract, which can take from 48 to 96 hours (as there might be an ongoing unlocking countdown to generate liquidity for previous unstaking requests). But if the pool has enough liquidity you are able to withdraw your tokens right away by clicking the “Withdraw” minus button in the “Pool” row. Specify the amount, and confirm the transaction through Metamask.

That concludes the basic usage of the staking delegation feature from the pool users perspective. We hope to deliver a great experience to all our community! In case you have any doubts, troubles or just want to give some feedback, you are welcome to join our Technical Community on Discord.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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