The Anoma Foundation, a blockchain technology company, has raised 24 million Swiss francs (US$26 million) in a funding round at a valuation of 240 million Swiss francs ($260 million). The funds will help advance the Anoma protocol, a proof-of-stake blockchain that allows traders to conduct private, asset-agnostic transactions. Source
Moreover, even though many blockchains claim to be able to handle thousands of transactions per second (TPS), this metric does not take into account the storage properties of the application at hand. There is a big difference between 50,000 DeFi transactions, which may generate zero bytes of new state data, as opposed to 50,000 social transactions, which may generate tens of megabytes that need to be stored, indexed and queried. Source
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Mt Gox claimants may see restitution soon as a recent filing from the Tokyo District Court’s trustee Nobuaki Kobayashi explains that the rehabilitation plan is now “final and binding.” The document published on Tuesday notes that an announcement will follow that discloses the “details of the specific timing, procedures, and amount of such repayments.” Mt Gox Creditors May See Bitcoin Returned Soon On Tuesday, Nobuaki Kobayashi published a notice of confirmation that the rehabilitation plan has been finalized. $Over 9 billion worth of bitcoin (BTC) may find its way back…
AVAX has soared in price recently, trading at $104.21, up 85% in the last month alone. The gains pushed the token’s market capitalization to about $23 billion, vaulting past Terra’s LUNA token to become the fifth-largest among Ethereum competitors, or so-called layer 1 alternatives. Source
Bitcoin and other cryptocurrencies are increasingly making appearances in the world of sports. The latest team to enter the cryptocurrency world is Australian Baseball League club Perth Heat. On Wednesday, the club announced that it integrated crypto payments into its operations. The Heat said they had partnered with OpenNode to accept and send Bitcoin payments powered by the Lightning Network. Related Reading | Venezuelan Airport To Accept Payment In Bitcoin The Baseball club is one of Australia’s most successful teams, having won four ABL championships since the league’s formation in 2010. It…
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In this respect, The Lightning Network, which aims to improve bitcoin’s scalability by boosting speed and lowering costs, could be promising, Laboure wrote. Lightning Network claims it can process 25 million transactions per second at a cost of four cents per transaction, implying that it is a thousand times faster than Visa at processing payments, with lower fees, Deutsche wrote. But Visa and Mastercard currently post transaction volumes that dwarf those of the Lightning Network. Original
Decentralized exchange, or DEX, and self-custody wallet platform, Portal, has announced a strategic partnership agreement with layer-2 blockchain network, Polygon to advance Bitcoin functionality in the decentralized finance, or DeFi, market. Portal currently offers fully decentralized on-chain spot and options trading, as well as peer-to-peer lending and borrowing. This partnership is expected to expand these user capabilities through the enablement of zero-knowledge swap functionalities for wBTC/BTC as well as POS/WBTC to BTC, in addition to Polygon operating a liquidity-supporting node on Portal DEX. Portal’s principle objective is to cultivate a self-governing,…
Miami is quickly becoming the crypto capital of the United States. In August of this year, the Magic City was the first state in the U.S. to launch MiamiCoin (MIA), its very own cryptocurrency used for civic engagement. A few months later, Mayor Francis Suarez announced that every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend. While such a proposal would make Miami the first city in America to provide a Bitcoin (BTC) yield to its residents, Mayor Suarez told Cointelegraph that the City of Miami…