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Is premium DNS worth it?

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There’s a moment in the life of most enterprises where the connection between Domain Name System (DNS) and revenue comes into greater focus. It’s the moment when businesses discover that delivering high-quality applications, services and content requires more attention to the quality of DNS connections. For most businesses, this is also the moment when they discover that the free DNS services offered by domain registrars or DIY systems they’ve been using are no longer fit for purpose.

That connection between DNS performance and revenue is usually followed by a mental adjustment on the operational cost of a premium DNS hosting solution. Many IT teams aren’t accustomed to thinking about authoritative DNS as a distinct budget item. Until an outage or a “we can’t do that” conversation forces the issue, they tend to think about DNS as “free” or something that’s simply there for the taking. For example:

  • BIND or DIY authoritative DNS solutions are usually built and maintained in-house. Since there’s no payment to an external provider, the “out of pocket” expenses of personnel time and compute resources are felt less acutely.
  • Registrar DNS offerings are either included in a basic domain registration package or sold as a very low-cost add-on. As long as you stay within usage limits, DNS probably doesn’t come up as a specific cost to consider.
  • CDN providers sometimes include authoritative DNS as an add-on to a larger web services package.

Some amount of sticker shock is common when businesses decide to move from one of the above models to a premium DNS provider like NS1®. It’s the network equivalent of paying for bottled water after a lifetime of drinking from the tap. Water (like DNS) is essential, but when you’re used to thinking about something as free, it comes as a bit of a surprise to pay for it in a distinct way.

The key thing to remember is that premium DNS services deliver more business value—you’re upgrading because basic solutions no longer fit your requirements.

Paying for business value

Nobody upgrades their DNS service just for fun. Most enterprises end up with a provider that offers premium DNS because they want to provide their end users with better service. They find that they’re losing revenue from slow applications or websites, and the only way to get faster performance is to move to a DNS service with wider reach, more resources and more customizable features.

This is particularly true of companies in the midst of a global expansion. When your users are suddenly popping up in more places around the world, you need to deliver consistently excellent service in a lot more places to capitalize on that opportunity. This is where limited registrar offerings usually drop the ball. Without the ability to steer traffic to the nearest data center, users will experience much slower performance as traffic is hauled halfway around the globe.

These enterprise-grade capabilities are where DNS starts to add distinct value for any network team, and that value is priced accordingly. Once these higher level DNS capabilities are implemented, the justification becomes clearer almost overnight. Unlike standard DNS services that run in the background virtually unnoticed, premium DNS capabilities are supposed to stand out and deliver on the distinct value that any network team would expect from a separate budget item.

Matching price to value

Here’s the thing: you’re always paying for DNS, even if you’re not used to seeing it in black and white. If you build your own solution, you pay for DNS through developer hours and server capacity. There’s also an opportunity cost of using those developer hours on higher value tasks and strategic projects. If you use a registrar offering, your end users are also going to experience slower performance and less reliability, simply because registrar infrastructure is underbuilt.

All these forms of bundled or so-called “free” web hosting solutions have another thing in common: they’re all extremely basic. Most of them are designed to host DNS records and answer queries—nothing more. If you want to tack on multiple DNS providers, gather insights from DNS data, use DNSSEC or perform even the most basic kinds of traffic steering, you’re probably out of luck. Protection from distributed denial of service attacks isn’t part of the package either.

The reason these DNS offerings can be easily tacked on to a bundle is that they don’t require a ton of back-end resources to support. They’re relatively easy to build and maintain, so it’s easy for a service provider to tack them on to a larger package. Yet when you purchase DNS from a provider that doesn’t have a specific competency, you often take on risk in a core IT system.

Making the leap

Most enterprises come to the realization that they need a premium DNS solution the hard way, through an outage or loss of customers from poor performance. Or maybe it’s a strategic realization they need more advanced capabilities to advance your business goals—capabilities that basic DNS simply doesn’t offer.

Either way, moving from basic DNS to a premium solution involves a significant mental adjustment. If you’re shopping around for a provider that does more than simply answering DNS queries, it usually means that you need a more advanced solution to meet changing business requirements (congratulations!). 

Whether it’s a need for greater scale, more resilience or higher performance, a premium DNS provider means that you’ve progressed to the next level—a level where enterprise capabilities are needed across the spectrum of network capabilities.

The good news is that premium DNS solutions are more differentiated than their basic or bundled counterparts. You’ll have plenty of choice when it comes to how the solution is architected and which capabilities you’re interested in using.

Different companies in the space tend to specialize in certain market verticals (such as video streaming or regulated industries with reliability requirements) or provide products geared toward specific use cases (such as data-driven traffic steering between CDNs or fine-tuned data insights). It pays to find the capabilities that truly add value to your type of business.

NS1 represents the best business value of any premium DNS solution on the market. By addressing the operational risks and strategic shortcomings of basic DNS solutions, NS1 gives its customers the ability to succeed in new ways. From our API-first architecture to our sophisticated traffic steering capabilities to our resilient systems, NS1 has something for everyone.

We recognize that first-time users of a premium solution won’t use everything at once. We’re satisfied to grow with our customers—working with them to add value as their business needs change over time.

Leverage the power of premium DNS

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Jupiter airdrop propels Solana DEXs to outpace Ethereum in daily trading activity

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Solana-based Jupiter airdrop has generated substantial excitement, driving decentralized exchange (DEX) trading activity on the layer1 blockchain network beyond that of Ethereum.

Data from DeFillama shows that Solana-based DEXs facilitated trades totaling $1.14 billion in the last 24 hours, surpassing the approximately $1.13 billion traded on Ethereum-based platforms during the same period.

This achievement underlines the remarkable growth and widespread adoption witnessed within Solana’s DeFi ecosystem, capturing the crypto community’s attention. Notably, last December marked the first instance of Solana DEXs outpacing Ethereum, propelled by heightened memecoin and stablecoin activity.

While the daily figures demonstrate Solana’s momentary lead, it’s essential to note that the weekly transaction volume of Solana-based DEXs stands at $6.113 billion, slightly trailing behind Ethereum’s $7.852 billion.

Jupiter airdrop

On Jan. 31, decentralized exchange aggregator Jupiter executed a noteworthy airdrop, distributing approximately $700 million worth of its native token, JUP, to nearly a million wallets. The trading platform is the most dominant protocol on Solana, facilitating trades worth $11 billion in January.

Its airdrop garnered substantial attention from the crypto community, leading to rapid listings on major centralized exchanges like Bybit and Binance. On its first trading day, the asset witnessed an impressive volume surpassing $1.4 billion, propelling the token’s value to a peak of $0.72 before settling at $0.62 as of press time, according to CoinMaketCap data.

On-chain investigator Lookonchain identified three airdrop participants who amassed over $1 million in gains. These individuals received a collective airdrop of 5.5 million JUP tokens, valued at an estimated $3.6 million, distributed across approximately 27,600 wallets.

The launch and airdrop of Jupiter’s token significantly boosted activity on the Solana network. Notably, the web3 wallet Phantom reported unprecedented traffic levels, tripling the total volumes seen after the recent WEN meme token launch.

Blockchain analytical firm Artemis corroborated this, pointing out that the anticipation of the airdrop had driven active addresses on Solana to more than 1 million earlier in the week.

Despite the surge in activity, Solana’s network demonstrated exceptional stability, dispelling concerns of potential downtime that had plagued it in the past.



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Investors turn to NuggetRush presale as Chainlink and Celestia face downturns

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  • Celestia (TIA) has lost momentum despite its high staking activity in January.
  • Chainlink (LINK) has also fallen sharply amid the market-wide price correction.
  • NuggetRush’s (NUGX) presale sells nearly 167 million tokens.

Celestia has lost bullish steam despite rising to an all-time high of $19.00 in January. The recent market-wide dropoff has also affected Chainlink (LINK).

Investors are now turning to NuggetRush (NUGX) after its presale raised over $2 million. The mining adventure game packs several ways to earn real money. Yet, can NuggetRush (NUGX) join the top crypto coins in the gaming industry? Let’s find out.

NuggetRush crosses established P2E boundaries with rising presale

NuggetRush (NUGX) is the latest blockchain game to pique the interest of P2E gamers and cryptocurrency investors across the globe. The project will launch the first-ever blockchain game that promises an immersive mining experience and real-world financial rewards.

NuggetRush (NUGX) centres around a realistic mining adventure where players employ skilled miners and efficient machinery to earn valuable financial rewards. The gameplay involves building a mining team, recruiting better workers, surveying lands, buying machinery, and completing mining missions.

Players can collaborate to enjoy a multiplayer experience, earning extra NFT gaming rewards by joining mining partnerships and completing group tasks. 

Besides NuggetRush’s (NUGX) enjoyable gaming experience, the project provides an exciting financial opportunity for players and investors. On one hand, players can trade their NFTs for real gold in the game’s marketplace. On the other hand, players can stake their NuggetRush NFTs to receive a 20% APY.

In addition, the NUGX token presents a high-value asset for careful investors. NUGX’s value has risen by 80% from $0.010 in round one to $0.018 by round five of its presale. It has already sold nearly 167 million NUGX tokens. The project’s blockchain ICO is ending soon, and NUGX will be listed shortly after. However, many investors are more excited about its 11.1% price jump to $0.020. 

For more information about NUGX, visit the NuggetRush Presale Website.

Celestia losses grow amid high staking activity

Celestia’s (TIA) bullish momentum has dropped slightly despite being one of the top altcoins in the market since November 2023. After launching its mainnet services on October 31, 2023, Celestia (TIA) entered a bull run that lasted till the end of January 2024. 

However, Celestia’s price momentum has fallen in the past week. TIA traded at $13.98 on January 1. Two weeks later, TIA rose by 36.1% to $19.03 on January 15. TIA then fell to $16.82 on January 21 before recovering by 10.4% to $17.05 by January 27.

Celestia’s (TIA) fall stunned investors as its network activity and coin staking remained high in January. Several investors increased the staking of Celestia tokens as new networks offered airdrops to TIA stakers. 

Despite the fall, analysts say Celestia (TIA) will recover due to its recent partnership with Polkadot and Arbitrum. These partnerships could increase Celestia’s network activity, thus pushing TIA up by 13.4% to $19.35.

Chainlink falls amid market-wide drop-off

December 2023 was a very bullish month for altcoins like Chainlink (LINK). Interest in spot Bitcoin ETFs was very high, causing an increase in Chainlink’s trading activity. Data from CoinMarketCap showed that Chainlink’s market capitalization had grown from $4 billion to $9 billion between October to December 2023. 

However, Chainlink’s (LINK) bullish momentum trailed off significantly in January. LINK sold at $15.54 on January 1. It fell by 11.7% to $13.71 on January 9. LINK recovered by 14.7% to $15.73 on January 17 before falling by 8.8% to $14.34 on January 27.

Chainlink’s (LINK) drop-off coincided with the recent market downturn. Bitcoin had fallen below $40,000 in the third week of January, causing a fall in trading activity for many altcoins. As a result, Chainlink’s market capitalization has fallen by $1.3 billion in January 2024. If Chainlink remains on its bearish trajectory, LINK could fall by 16.0% to $12.04.

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Celsius Makes Good On Promise, Begins Distributing $3 Billion To Creditors

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After a protracted 18-month journey through the intricacies of bankruptcy proceedings, Celsius Network, a beleaguered crypto lender, has successfully concluded the distribution of assets exceeding $3 billion to its creditors.

The labyrinthine process of restructuring necessitated extensive collaboration with regulatory authorities, coupled with innovative approaches such as alternative settlement agreements and the conversion of less liquid altcoins into major cryptocurrencies like Bitcoin and Ethereum.

Majority Of Owed-Funds Account Holders Approve

A pivotal achievement for Celsius was securing nearly unanimous support for its distribution plan, with a staggering 98% approval from account holders who were owed funds. This meticulously crafted plan involved transferring over $3 billion in a combination of cryptocurrencies and traditional fiat currencies to the creditors, offering a semblance of relief after a prolonged and uncertain journey.

Notably, a new entity named Ionic Digital emerged from this process, dedicated to Bitcoin mining, with ownership distributed among creditors and operational management entrusted to the Canadian company Hut 8.

To expedite the timely distribution, Celsius recently liquidated a substantial portion of its Ethereum holdings. According to data from blockchain analytics firm Spot on Chain, around 67,500 ETH tokens, equivalent to $157 million, were deposited at Coinbase’s institutional trading division.

Lookonchain, an on-chain tracking platform, has evidence that indicates Celsius recently transferred 18,000 ETH tokens from their reserves to Coinbase. Taking into account the present trend in ETH prices, the transaction represented a transfer of around $40 million worth of the cryptocurrency.

Celsius Transfers 18,000 ETH to Coinbase. Source: Lookonchain

In total, over 847,600 ETH, valued at nearly $2 billion, were transferred from various digital wallets to centralized trading platforms like Coinbase by the financially troubled company.

The strategic move to liquidate significant amounts of Ether and other cryptocurrencies directly on exchanges is poised to streamline the payout process for creditors eager to recover their funds expeditiously.

Total crypto market cap at $1.569 trillion on the daily chart: TradingView.com

Celsius worked in close collaboration with federal and state regulatory bodies to ensure that the distributions adhered to full compliance standards. With the conclusion of distributions and the initiation of winding down operations, Celsius can finally draw the curtains on its tumultuous multi-year saga.

Company Kept Creditors’ Best Interests In Mind

Celsius’ Plan Administrator and former Chief Restructuring Officer, Chris Ferraro, commented on the development by saying that the company has kept creditors’ best interests in mind by maximizing value and speed throughout the process.

“Creating the best outcome for creditors by maximizing value and speed have been front of mind for Celsius throughout this process,” he said.

Looking ahead, the once-controversial Celsius mobile app and website, instrumental in its unique business model, will be permanently shut down. While creditors may not recoup the entirety of their owed sums, the thorough administration of the bankruptcy proceedings has left the majority satisfied—a noteworthy outcome given the precarious circumstances when withdrawals were abruptly halted in June 2022.

Armed with valuable lessons learned, the cryptocurrency industry as a whole can now pivot towards rebuilding trust among stakeholders and fostering a more resilient ecosystem.

Featured image from Getty Images, chart from TradingView

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Crypto Traders Prefer Bitcoin (BTC) Over Ether (ETH) Despite Spot ETH ETF Narrative

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“The downward sloping structure is backward, which means that traders expect ETH to perform weaker than BTC as time goes by,” Griffin Ardern, volatility trader from crypto asset management firm Blofin, said. “This shows investors are relatively more bullish on BTC’s performance.”

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84% of investors predict Bitcoin will hit a new ATH

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  • Bitget’s report reveals that 84% of survey participants predict Bitcoin (BTC) will hit a new all-time high in 2024.
  • About 70% say they have plans to add to their crypto investments as they eye the next bull run.

Bitget, one of the crypto exchanges to see remarkable growth in 2023, has released findings of a new study on Bitcoin’s upcoming halving, which shows an overwhelming majority of investors are bullish on the flagship cryptocurrency post-halving. 

Nearly three quarters say the potential for Bitcoin price to skyrocket to a new high weighs on their plans to add to their investments in 2024.

The crypto exchange shared the findings of the survey in a report published today, Thursday, February 1.

Bitget’s study – an overview

An analysis of anonymized data that focused on investors’ perceptions around Bitcoin’s upcoming halving and how this impacted their investment decisions showed that the market is largely bullish on BTC.

Here’s a highlight:

  • 84% of survey participants the next bull run will see Bitcoin price surpass its previous all-time high of $69,000. Only Europe had a percentage lower than 80% among all regions.
  • Over 50% of all respondents predict BTC will be between $30k and $60k by halving (expected around April 2024. 30% of participants think it could be higher than $60k.
  • About 70% of respondents said they have plans to add to their crypto investments. Highest conviction was expressed across MENA and East Europe.
  • Western European investors are largely “short-term cautious” and “long-term optimistic”.

2024 could be significant for Bitcoin, Bitget’s Gracy Chen says

According to Bitget, a diverse global demographic group of investors participated in the study. In total, 9,748 individuals drawn from across West Europe, East Europe, South East Asia, East Asia, MENA and Latin America shared their views and predictions for BTC pre-halving and post-halving.

Other than the above highlights, the report also shows 55% of participants see Bitcoin price in the $50k-$100k post halving in 2024. A smaller percentage predicts a run to above $150k. More people in West Europe, 51%, expressed this expectation.

Commenting on the findings, Bitget Managing Director Gracy Chen said: “The Bitget Study on BTC halving impacts provides valuable insights into the evolving landscape of cryptocurrency investment. The findings reflect a broad spectrum of expectations and investment plans, indicating that 2024 will be a significant year for the Bitcoin market.

Bitcoin traded at $42,700 on February 1, 2024, up 6.9% in the past week. Following declines in January, the benchmark cryptocurrency was 5.8% down in the past month. 

However, analysts at Standard Chartered Bank are among those to point to a bullish run for the digital asset, which reached highs of $49k amid the spot Bitcoin ETF euphoria. Analysts at the bank predicted last year that BTC could rally to highs of $120k by end of 2024.

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Bullish Golden Cross Forms On Altcoins Chart, Crypto Analyst Expects Big Moves

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Altcoins have taken a nosedive following the flagship cryptocurrency, Bitcoin’s move to the downside. However, based on a recent revelation by this crypto analyst, there is reason to believe that the general outlook in the crypto market might soon change. 

Altcoins About To Make A Move Of Their Own

Crypto analyst Crypto Prof, mentioned in an X (formerly Twitter) post that Altcoins were “on the verge of a golden cross.” Elaborating on the significance of this event, he noted that it happened in 2016 and 2020, right before the bull run began. The analyst then went on to raise the possibility of this happening again this year.

That doesn’t seem farfetched, considering that history tends to repeat itself often in the crypto market. The bullish pattern forming in 2016 and 2020 suggests that it could be a market cycle that occurs every four years. Crypto Prof seemed optimistic that things were going to begin looking up for the altcoin market soon enough, as he stated that “there are bullish signals everywhere.”

The golden cross being imminent is undoubtedly one of those bullish signals, suggesting that altcoins will experience a major rally soon enough. When that happens, it will usher in what is known as the ‘altcoin season,’ when these crypto tokens begin to outperform Bitcoin. 

In a subsequent X post, Crypto Prof provided a further analysis to back up his claim that a major rally was on the horizon. Looking at the altcoin chart, he noted that resistance had become support, suggesting that the sentiment was changing from bearish to bullish. 

Meanwhile, the price of the altcoin market is said to be above the weekly 200 moving average (MA), with this indicator being at the same level as the support zone. 

Narratives That Confirm The Imminent Altcoin Season

Crypto Prof also provided two narratives that suggest that the altcoin season was around the corner. The first, which he highlighted, was the news that the pending Spot Ethereum ETF applications could be approved in May. NewsBTC had reported about Standard Chartered’s prediction that the SEC would approve these funds by May 23. 

News like this one present a bullish narrative for ETH in particular, which is known to lead the charge, considering it is the second largest crypto token by market cap. Moreover, ETH is expected to enjoy significant price gains like what happened to Bitcoin on the back of the Spot Bitcoin ETF approval rumors. 

Meanwhile, the second narrative the analyst mentioned was the one about how Tether recently increased the USDT supply. This happens to be a positive development as it suggests that more users are entering into the crypto space, with some of this liquidity expected to flow into altcoins. 

Altcoins crypto market cap chart from Tradingview.com

Altcoin market cap hold above $740 billion | Source: Crypto Total Market Cap Excluding BTC on Tradingview.com

Featured image from Kanalcoin, chart from Tradingview.com

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5 signs you need a premium DNS service 

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Buy a domain name. Associate that domain with a DNS server. Done. 

When you’re spinning up a presence on the internet, domain registrars make it easier to get started with a basic authoritative domain name system (DNS) hosting. That’s what most small businesses need ultimately—a reliable service that answers DNS queries. No more, no less. 

Yet at a certain point, any thriving business starts to outgrow the standard DNS offering provided by most registrars. There’s a natural ceiling where a company’s requirements around scale, performance and reliability outpace what registrar DNS can offer. 

It’s usually a gradual realization, not a thunderclap moment. Over time, a series of creeping operational questions and concerns start to pile up, and when you look at the root cause, you realize that DNS is often the culprit. Hopefully, that realization comes before the limited capabilities of a registrar offering start to impact your business. 

The IBM® NS1 Connect® team is aware of the power of premium DNS because we see the difference when our customers make the switch. Plus, we know that DNS issues persist because that’s what we live and breathe every day. But if you’re in the trenches, dealing with a thousand other issues daily, the signs aren’t as obvious. So, we compiled a few signs that it’s time to consider an upgrade. 

1. You need greater uptime and resilience assurances  

In the digital age, if your DNS is down, your business is down. As businesses scale, they need to help ensure constant access to the customers who drive revenue growth. Registrar and DNS services typically offer decent uptime service level agreements at no initial cost. However, as networks grow in size and complexity, the need for failover planning and backup infrastructure often surpasses what a registrar is willing or able to provide. 

The need for resilience often leads growing businesses to adopt multiple DNS solutions in parallel. At a basic level, adding a secondary DNS provider as a failover option helps protect against over-reliance on a single infrastructure vendor. It also gives network teams access to multiple feature sets, allowing them to adopt a top-tier approach from multiple solutions. 

2. You want to do more than answer the mail 

As businesses grow, the quality of their DNS responses starts to matter more. Today’s customers have high expectations for any internet-enabled service. Meeting these expectations at scale requires traffic steering capabilities that basic anycast DNS networks lack. 

Growth-oriented businesses with a focus on global expansion tend to be the first to recognize the limitations of conventional DNS. This is where all traffic is answered in the same way or by the same set of servers, typically located in North America. Efficiently routing traffic to nearby infrastructure can be the difference between a successful service expansion and one that fails to meet expectations. 

Most large enterprises use some form of traffic steering to optimize performance. Whether it’s routing queries by location, application type or performance factors, traffic steering helps ensure that you’re putting your best network forward. 

3. You care about the infrastructure that delivers your answers 

Any network administrator knows that every high-performing online experience is delivered from a spaghetti of back-end infrastructure elements. Orchestrating applications and content across all those clouds, content delivery networks (CDN) and on-premises resources becomes complicated fast. Delivering that orchestrated offering at the lowest possible cost adds yet another layer of difficulty. 

Registrar DNS solutions can’t offer the flexibility most enterprise network teams need to fine-tune how their applications, services and content are delivered. They can’t shift traffic in real time to the lowest-cost CDN. They can’t steer queries around deprecated services. They can’t automatically choose the infrastructure that maps to your contract commit levels. 

4. You want to see what’s in your DNS data 

DNS data offers a treasure trove of valuable information on how applications, content and services are used online. It can also reveal a lot about the performance of your network and how misconfigurations might be impacting your ability to deliver a secure DNS infrastructure. 

Unfortunately, registrar DNS offerings generally don’t offer the ability to peek behind the curtain and examine the details of traffic patterns. They can provide you with a few facts about the symptoms of poor performance, such as increased NXDOMAIN responses. However, they don’t help you identify the root cause or offer guidance on how to fix it. 

Small businesses rarely have the capacity or in-house expertise to profit from DNS data. Yet, as they grow into enterprises with more sophisticated technology stacks and teams capable of converting network data into action, DNS traffic becomes a crucial source of guidance for efforts to improve performance and drive down costs. 

5. You have specialist-level questions 

The basic DNS service provided by most registrars is designed to answer queries. Given this, it rarely comes with a professional service offering or the ability to discuss DNS issues with a dedicated customer success manager. Since the service itself is very basic, there’s nobody to talk to when you have any questions that go beyond standard feature performance inquiries. 

DNS is easier to understand when you only perform simple tasks with it. It quickly becomes a minefield when you ask it to do more. The sheer longevity of DNS as a part of the internet means that there are layers of technical complexity that can take some time to truly understand and operationalize. Breaking DNS is easy if you don’t know what you’re doing, with potentially disastrous and immediate consequences. 

Improved security is a classic example. Anyone who has tried to implement domain name system security extensions and encountered broken DNS records knows that it’s a weedy, technically intensive effort. Protecting against distributed denial of service attacks can also turn into a game of whack-a-mole, where you spend more time plugging holes than optimizing the performance of DNS lookups. 

Having someone to guide you through the trade-offs and complexities of DNS becomes increasingly important as a business grows and scales. Registrars can’t take you much further than basic troubleshooting. 

NS1: Premium DNS for growing enterprises 

We’ve seen the constraints that basic registrar DNS offerings place on network performance, user satisfaction and revenue growth. Every day, we see the transformative power of our premium IBM NS1 Connect® Managed DNS as it equips businesses with the capabilities they need to deliver high-performing applications, services and content.  

We’ve also seen the concrete difference that a hands-on, high-touch support team can make for network administrators who are embarking on the journey from a small or medium-sized enterprise into something larger and more impactful.  

Here’s a timeless piece of wisdom that remains true: an ounce of prevention is worth a pound of cure. It’s better to take preventive measures than to deal with the consequences later. So, if you set up your network correctly the first time, it’s much easier to manage in the long term. 

But don’t take our word for it. If your business is ready to take the next step or if you’re curious about the business impact of NS1’s advanced capabilities, explore IBM NS1 Connect.

Learn more about IBM NS1 Connect   

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Germany’s DZ Bank set to pilot crypto trading

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  • DZ Bank, Germany’s 2nd largest, will pilot crypto trading for cooperative banks.
  • The initiative aims to meet rising customer demand for direct access to cryptocurrencies.
  • DZ Bank’s move reflects a broader trend of traditional banks embracing digital assets amid institutional adoption.

Germany’s DZ Bank, the country’s second-largest financial institution serving approximately 700 cooperative lenders, has announced plans to roll out a cryptocurrency trading pilot later this year. The pilot aims to provide customers with direct access to a variety of cryptocurrencies, including Bitcoin, without the need for financial advice.

The initiative aligns with the bank’s commitment to innovation and meeting the growing demand for digital asset investment options. It also aligns with the broader trend of traditional banks embracing digital assets to meet the evolving demands of their customer base

DZ Bank’s crypto trading pilot program

According to the bank’s plan, each of the 700 cooperative banks associated with DZ Bank will have the autonomy to decide whether to offer cryptocurrency trading to their customers. This approach reflects the findings of a study by Genoverband, which indicates significant interest among banks in providing cryptocurrency solutions.

The initial plan involved partnering with DWP Bank for the cryptocurrency trading pilot, although there are speculations that new partners could join the venture.

DZ Bank’s foray into cryptocurrency trading follows its release of a cryptocurrency custody platform in November leveraging Ripple’s technology solution to offer secure storage and processing of digital assets. DZ Bank had previously announced its partnership with Swiss custody tech firm Metaco before it was acquired by Ripple.

While the bank awaits a crypto custody license from the Federal Financial Supervisory Authority (BaFin), its collaboration with Metaco demonstrates a strategic approach to navigating regulatory requirements while innovating in the digital asset space.

Moreover, DZ Bank’s move to roll out a crypto trading pilot program comes at a time when institutional adoption of cryptocurrencies is on the rise globally. Institutions like BlackRock and Fidelity securing approval for spot exchange-traded fund (ETF) applications in the US underscores the growing acceptance of digital assets within the mainstream financial sector.

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LayerZero and Delegate launch Clusters, a multichain naming protocol

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  • LayerZero announced its LayerZero V2 upgrade three days ago with enhanced cross-chain interoperability with Universal Messaging and Modular Security.
  • Clusters introduces a multichain naming protocol for seamless blockchain address management.
  • Delegate’s expertise in address management ensures security and reliability in the Clusters ecosystem.

LayerZero Labs, in collaboration with Delegate, has announced the launch of Clusters, a groundbreaking multichain naming protocol designed to streamline user interaction across various blockchain networks.

With this innovative solution, users can maintain a consistent identity and manage their blockchain addresses seamlessly, transcending the limitations of individual chains such as Ethereum, Polygon, Avalanche, and Solana among other EVM chains.

The Clusters Protocol 

Clusters is set to revolutionize the landscape of blockchain naming protocols. Unlike traditional solutions like the Ethereum Name Service (ENS), Clusters offers a cross-chain, multi-wallet naming protocol, catering to the needs of multichain enthusiasts.

LayerZero’s technology serves as the backbone of Clusters, facilitating seamless message flow between different blockchains. It is important to note that Cluster will benefit from the recent LayerZero V2 upgrade which brings on board advancements in cross-chain interoperability and application development with the key feature being Universal Messaging, enabling the seamless transmission of diverse message types across over 20 blockchain networks.

LayerZero’s integration allows Clusters to maintain accuracy across millions of names and billions of wallet addresses, ensuring a smooth and reliable user experience. Moreover, LayerZero’s Permissionless Execution feature empowers individuals to participate in the operation of the protocol, promoting decentralization and community involvement.

On the other hand, with its experience in managing blockchain addresses through Delegate Cash, Delegate brings a wealth of expertise to the development of Clusters. Delegate’s technology has already secured nearly $1 billion worth of assets across thousands of wallets, providing users with confidence in the security and reliability of the Clusters ecosystem. Major NFT projects, including Yuga Labs and Azuki, have already integrated with Delegate’s technology, underscoring the platform’s relevance and adoption within the blockchain community.

By providing a universal naming protocol that spans multiple chains, including Ethereum, Avalanche, Plygon, Solana, and other EVM-based networks, Clusters addresses critical issues such as address fragmentation, wallet management complexity, and domain squatting. This innovative solution enables users to maintain a consistent identity and interact seamlessly with decentralized applications and protocols across diverse blockchain ecosystems.



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RWA Tokenization Platform Superstate Debuts Tokenized Treasury Fund on Ethereum (ETH)

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The USTB token aims to offer an alternative to stablecoins for U.S. institutional investors – venture capital funds, hedge funds, digital asset firms – to park their on-chain cash and earn a yield, Robert Leshner, founder and CEO of Superstate, said in an interview with CoinDesk.

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Flipster Launches New Earn Pool Feature Allowing Users to Earn Up To 10K USDT Daily on Their Crypto

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Warsaw, Poland, January 30th, 2024, Chainwire

Flipster, the number one trading platform for altcoin liquidity and the fastest-growing crypto derivatives platform, has finally announced its Flipster Earn Pool campaign. First teased in December last year, the trading platform had been slow with news on this highly anticipated addition. The launch was worth the wait, as the platform is promising users the chance to earn up to 10K USDT a day* (at launch on 1st of February) on USDT held in their Flipster accounts.

As a derivatives-first platform, a fair criticism of Flipster has been the lack of options to do with funds between significant events.

Flipster’s CEO Yongjin Kim says, “With Flipster Earn Pool users can know their funds are safe and working for them on our platform while they wait for their next investment move. As a trader, I understand you can’t always feel confident leaving money in positions. Flipster Earn Pool lets you potentially make income on Flipster even when you’re not actively trading.”

Traders choose to have a Flipster account for big opportunities on altcoin derivatives and trading competitions. The brand has built a reputation for thick liquidity on altcoins that is unmatched by any competitor. While the platform is considerably new, this USP is directly associated with successfully drawing top derivative traders to its app. Flipster Earn Pool aims to appeal to users interested in the opportunity to potentially earn passive income while they wait for their next big trade, potentially contributing to an increased user base over time.

The platform is committed to regularly offering the world’s first perpetual futures listings on tokens that have just dropped spot listings on major exchanges. Recent examples include ACE, MANTA, ALT and DMAIL, which all had a perpetual futures listing on Flipster within four hours of a spot listing on a top crypto exchange.

According to Ben Rogers, Head of Marketing: “When MANTA was launched, some users quickly turned the excitement into significant profits, with one user gaining $7,675 USDT from a single trade. ALT saw similar success, with a user seeing a trade return profit of $5,789 USDT. When publishing, the greatest return on an altcoin trade on Flipster is reported at $52,310 USDT on ACE, which also had the world’s first PERP on the platform. DMAIL will have its PERP world premiere this week, and the business is confident that some users may see similar results as they turn news into leveraged trades on Flipster”.

The difference now is that users can potentially earn up to 10K daily on the funds in their Flipster wallets and profit from trades.

Flipster Earn Pool will calculate interest daily from a total shared prize pool of 10K USDT, and users can check what they have earned in their funds on Flipster’s website. To be eligible for returns from day one, users should ensure they have USDT in their Flipster account by UTC 00:01 on February 1st and meet the daily trading requirement. As it will take time for word to spread about the new offer, early participants can potentially earn returns on their idle funds.

About Flipster

Flipster is the fastest-growing crypto derivatives platform in the world. The easy-to-use app gives users an all-in-one experience with leverage of up to 100x on a wide selection of over 200 tokens. Considered best in class for altcoin liquidity, top tokens like BTC and ETH are also available. Users can make instant flips, monitor their portfolios, and capitalize on market movements—anytime, anywhere. Users can get started at flipster.xyz. For media enquiries or interview requests with the team, don’t hesitate to get in touch with [email protected] or keep updated with Flipster’s blog. *Subject to terms and conditions which can be found on: https://flipsterxyz.zendesk.com/hc/en-us/articles/8902043575695-Flipster-Earn-Campaign-240201

Flipster is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

Contact

Head of Marketing
Ben Rogers
Flipster
[email protected]

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Why DDI solutions aren’t always ideal for authoritative DNS

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The distinction between “internal” and “external” networks has always been somewhat false.

Clients are accustomed to thinking about firewalls as the barrier between network elements we expose to the internet and back-end systems that are only accessible to insiders. Yet as the delivery mechanisms for applications, websites and content become more decentralized, that barrier is becoming more permeable.

The same is true for the people managing those network elements. Quite often, the same team (or the same person!) is responsible for managing internal network pathways and external delivery systems.

In this context, it’s only natural that the DNS, DHCP and IPAM (DDI) systems that used to manage “internal” networks would bleed into management of external, authoritative DNS as well. In small companies, this issue usually means an IT manager spinning up a BIND server to handle network traffic on both sides of the firewall. For medium-sized and larger companies, a commercially available DDI solution is often used for authoritative DNS as well.

Most network admins use DDI solutions for authoritative DNS because it’s one less system to manage. You can manage both sides of the network from a single interface. Combining internal and external network management also means that the team only needs to learn how to operate a single system,thereby eliminating the need to specialize in one side of the network or another.

The downsides of using DDI for authoritative DNS

While simplicity and ease of use often turn DDI into the default solution for authoritative DNS, there are some strong reasons why the two systems should be separate.

Security

When you run authoritative DNS on the same servers and systems as your internal DDI solution, there’s a risk that a DDoS attack could take down both sides of your network. This is not an insignificant risk. The frequency and severity of DDoS attacks continues to rise, which most companies may experience one at some point.

Using the same infrastructure for internal and external operations only heightens the impact of an outage and significantly increases recovery times. It’s bad enough if you can’t connect with end users. It’s far worse when you can’t access internal systems either.

Unfortunately, most companies aren’t going to invest in the server capacity or defensive countermeasures it would take to absorb a significant DDoS attack. Paying for all of that idle capacity (along with the people and resources that needed to maintain it over time) gets expensive really quick.

Separating authoritative DNS from internal DDI systems creates a natural gap that limits exposure in the event of a DDoS-related outage. While it does mean that there are two systems to manage, it also means that those systems won’t go down at the same time.

Scale

Network infrastructure is expensive to purchase and maintain. (Trust us, we know!) Most of the small or medium-sized companies who use DDI solutions for authoritative DNS don’t have the resources to set up more than three or four locations to handle inbound traffic from around the world.

As companies grow, the load on those servers quickly becomes unsustainable. The experience of both customers and internal users starts to suffer in the form of increased latency and poor application performance. It’s either very difficult or impossible to steer traffic based on geography or other factors—DDI solutions simply aren’t built to do that.

In contrast, managed solutions for authoritative DNS instantly provide worldwide coverage with capacity to spare. End users get a consistent experience, which can be optimized to account for geography or many other operational factors. Internal users aren’t drawing from the same resources for their own work. They also get a consistent, predictable user experience.

BIND architecture limitations

DDI solutions are designed primarily (or solely) for internal network management, not with the goal of providing an internet-facing authoritative DNS solution. DDI vendors grudgingly support authoritative DNS use cases because they recognize that a certain percentage of their customers require it. Yet it’s not something that they’re prepared to support over the long term. This reason is why most DDI vendors offer plug-ins and partnerships as a way to outsource authoritative DNS functionality to other providers.

Architecturally, this usually means that the DDI provider acts as a hidden primary, while the authoritative DNS partner is advertised as an “public secondary” system: an awkward workaround that can limit the functionality of your network. The BIND architectures that most DDI vendors use constrain their ability to support common authoritative DNS use cases, particularly when a partner is involved.

Support for ALIAS records at the apex is a good example. This workaround is common on sites with complex back-end configurations, but unfortunately, it’s impossible to implement with BIND-dependent DDI, making name redirection at the zone apex tricky to deal with.

DDI vendors do not usually support traffic steering either, but it’s a table stakes feature for authoritative DNS solutions. It’s an important consideration that even basic traffic steering based on geographic location can significantly improve response times and user experience.

Cost

From an infrastructure perspective, deploying a DDI solution for authoritative DNS is similar to building your own authoritative solution. You need to buy all the servers, deploy them around the world, and maintain them over time. The only difference is who you’re buying those servers from, in this case, a DDI vendor.

As noted above, the significant costs associated with procuring and deploying a solution this way will usually lead companies to minimize the number of servers they purchase. That in turn leads to limited global coverage and diminished performance in comparison to a managed DNS service like NS1. Not only are you paying more, you’re also getting a smaller footprint that leads to a poor user experience.

The cost calculation doesn’t end at the initial deployment, either. Operating and maintaining DDI infrastructure is also a heavy lift, requiring a significant injection of dedicated (and specialized) resources over time. If you’re outsourcing that maintenance to a DDI vendor, be prepared to pay even more for a professional services contract. DDI companies often have notoriously short refresh cycles on their equipment, so “maintenance” will often equate to “replacement” on a 3 – 5 year timeframe.

From a cost perspective, the benefit of a managed DNS service like NS1 over a DDI vendor is crystal clear. Managed DNS services provide expanded global coverage, built-in resilience, and a huge range of functionality at a fraction of what a DDI vendor would charge. Add to that the lack of maintenance and refresh costs, and it’s truly a no-brainer.

It is true that managed DNS providers will charge usage costs, where DDI appliances can handle a huge number of queries. Yet even with that query volume factored in, the pricing of a managed solution is extremely attractive.

A glide path from DDI to managed authoritative DNS

If you’re already using a DDI solution for authoritative DNS, the switch to a managed provider can appear a little daunting at first. There are a lot of operational considerations to think about as part of a cutover, and there’s inherent risk in definitively flipping the switch.

That’s why we recommend starting off with NS1 as a secondary option for authoritative DNS. This allows network teams to test the system with a little bit of production traffic and get used to how it functions. Over time, you can gradually migrate your traffic over, phasing out the DDI system workload by workload and scaling up your managed DNS solution.

Ready to see the benefits of NS1’s Managed DNS solution over DDI? Contact us today and get a proof of concept going.

See the benefits of NS1’s Managed DNS solution

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Trader Makes $1.6M Trading Meme Coin $WEN. Could NUGX Traders See Similar Results After Launch?

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TLDR

  • Solana meme coin Wen delivers $1.6 million in profits to traders, showcasing the potential of investing early in these fast-rising assets.

  • NuggetRush, a play-to-earn gaming and NFTs platform, sees a 44% surge during its presale, indicating strong investor interest in its potential for exponential gains.

  • The intersection of gaming, NFTs, and DeFi drives NuggetRush’s appeal, with analysts predicting a similar post-launch rally to WEN.

Solana (SOL) meme coins are gaining widespread attention thanks to their explosive potential. Investing early in new meme coins has always provided investors with enormous profits and made many cryptocurrency investors millionaires. Myro (MYRO) did it, and now Wen (WEN) has followed suit, delivering over $1.6 million to an unnamed trader smart enough to seize the opportunity. 

Wen’s success has drawn the interest of many investors in fast-rising meme coins like NuggetRush (NUGX). The meme coin-run platform recently hit a new high of $0.018 during the fifth stage of its ongoing presale. This growth has strengthened confidence in the cryptocurrency, with its crypto ICO investors wondering if the NUGX meme coin could replicate WEN’s returns after it launches.

Let’s explore Wen’s success and NUGX’s potential to deliver similar gains to WEN.

>> Buy NuggetRush Now <<

NuggetRush (NUGX) Displays Potential To Deliver Explosive Gains After Launch

NuggetRush is a DeFi cryptocurrency platform that uses the NUGX meme coin to run everything from its play-to-earn game to transactions on its marketplace. Although the project is still in its early stages of development, its integration of P2E gaming and NFTs has earned it recognition as the best crypto investment among crypto investors. This is why, shortly after the presale started, many investors started trooping in.

During the crypto ICO event, NuggetRush has raised over $2 million, showcasing high demand for it. The presence of investors with large equity rapidly pushed the value of NUGX from $0.010 to $0.018, as the platform has sold more than 166 million tokens so far. This price surge amounts to 44% gains to early investors who see the platform as potentially one of the best crypto projects to invest in today.

NuggetRush’s quick traction is due to its impact gaming experience, which promises life-changing profits through mining. Players can use their in-game characters to mine different locations for precious minerals that can be traded for real value. NuggetRush also introduces high-value NFTs by using gaming characters as tokenized collectables. Its rare RUSHGEMS collection can be exchanged for real gold, giving the platform’s offerings tangible value. 

These NFTs can also be staked for an annual percentage yield of 20% of the asset value, providing passive income to holders. This approach has increased NuggetRush’s investment base and NUGX’s bullish potential, with analysts predicting a hundredfold surge after launch. But it could go higher than that.

>> Buy NuggetRush Now <<

Wen (WEN) Trader Bags Millions In Profits Showcasing Impressive Trading Skill

Since last year, Solana-based meme coins have recently gone mainstream, recording serious growth and demand. The release of Myro and Dogwifhat filled the crypto airways with bullish expectations, and now Wen has delivered even greater growth. A cryptocurrency trader who bought Wen at an early price successfully secured over $1.6 million in profits by investing a little over $125,000 into the meme coin.

Metrics from a blockchain transaction platform, Lookonchain, showed that the trader bought over 20 billion WEN when it first appeared on exchanges. They raked in more than $682,000 in less than a day after he sold 12.5 billion WEN. On top of their impressive profits, the trader still has over 7.6 billion WEN, valued at over $941,000, according to reports. Together, their total profit from the single trade amounts to $1.6 million.

Conclusion

With NuggetRush blazing through its early stages, the NUGX token is set for a long, bullish run. By the time the platform launches, mainstream adoption and increased trading activity could slingshot the price of NUGX to record highs. This projection is very likely, especially considering that, like Wen, many new meme coins tend to see milestone rallies immediately after launching. The presale is still live, and interested investors can take advantage now.

Visit NuggetRush Presale Website



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Bitcoin (BTC) Price Lower as Fed’s Powell Cools March Rate Cut Hopes; ETH, ADA, DOT, SOL Fall More

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Risk assets including cryptos turned sharply lower in the immediate aftermath of that remark. BTC fell to $42,300 from its daily high of $43,700 and was down 2.3% over the past 24 hours. The CoinDesk 20 {{CD20}} index, a broad crypto market benchmark that covers some 90% of the total market value of digital assets, declined nearly 3% during the same time.

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