Worldcoin is set to introduce a new blockchain called “World Chain,” which is designed to give precedence to human users over bots, purportedly enhancing both utility and accessibility. The Worldcoin Foundation stated that this platform will be deeply integrated with the Worldcoin protocol, employing the World ID’s proof of personhood to promote a user-centric approach […] Source CryptoX Portal
In a recent report published by QuickNode, the first quarter of 2024 showed the dominance of decentralized finance (DeFi) and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector in key metrics, indicating investor preference and market sentiment during this period. Hopes For Second ‘DeFi Summer’ Per the report, DeFi experienced a significant resurgence in Q1’24, fueled by a surge in developer and user activity, particularly on chains like Solana (SOL) and Base. This resurgence has sparked growing hopes of a second ‘DeFi Summer,’…
Ernst & Young, a leading accounting firm, has introduced an enterprise contract management service that utilizes blockchain technology. The service, called OpsChain Contract Manager, allows clients to place contracts on a public blockchain while ensuring the confidentiality of business information through zero-knowledge circuits. OpsChain is marketed as operating on Ethereum but uses Polygon’s proof-of-stake (PoS) blockchain. According to Paul Brody, who leads EY’s blockchain efforts, the distinction is important as Ernst & Young (EY) plans to eventually transition the underlying technology to Ethereum’s mainnet and further to layer 3 in…
XRP could continue a price correction in the short term as recent price action has put it rebounding against a resistance level of $0.5. On-chain data has also revealed a row of transactions from whales of the cryptocurrency in the past 24 hours, but are they bullish or bearish on XRP? These large transactions have been a mix of both, although the trading volume of each transaction could point to them being bearish rather than bullish. XRP Whales On The Move Large XRP transactions, often indicators of whale activity, have…