Category: Blockchain

Galaxy Digital: The Role of Memecoins in the Crypto Economy and Blockchain Ecosystem

Memecoins have solidified their presence as a cornerstone of the crypto economy, despite skepticism regarding their technical innovation and value, according to Galaxy Digital. While some blockchain developers argue that memecoins overshadow more earnest technological advancements, their viral nature has allowed them to proliferate across the market, accumulating significant value. Memes and Expression Through the Ages Historically, memes have been central to human culture, evolving with social, cultural, and technological shifts. From ancient cave paintings to modern internet memes, these symbols and ideas have continually…

Ripple (XRP) Transforms Cross-Border Payments with Blockchain Technology

Ripple is making significant strides in revolutionizing cross-border payments by leveraging the power of blockchain technology and its native digital asset, XRP. According to Ripple Blog, trillions of dollars are sent across borders annually, but traditional mechanisms remain slow, expensive, and prone to errors. Ripple aims to address these inefficiencies by creating a seamless, cost-effective, and reliable payment solution. How Ripple Payments Work Traditional cross-border payment systems rely heavily on a shrinking network of correspondent banks, resulting in slow settlement times, lack of transparency, and…

Atoma Integrates AI with Sui Blockchain to Empower Builders

AI startup Atoma has announced the integration of its AI inference network with the Sui blockchain, aiming to provide developers with enhanced capabilities across various domains, including decentralized finance (DeFi) and gaming. According to the Sui Blog, this integration is expected to empower builders by allowing them to leverage AI in their applications. AI Integration to Enhance Sui Ecosystem Atoma’s choice to integrate with Sui stems from the blockchain’s robust scalability and performance. Although generative AI has gained significant attention in recent years, its application…

Velar (VELAR) Integrates Bitcoin with DeFi Through Stacks Blockchain

Velar, a Decentralised Finance (DeFi) liquidity protocol, is leveraging Bitcoin’s security through a Layer 2 agnostic approach, initially utilising the Stacks blockchain and the Clarity smart contract language. According to Bitfinex, Velar is designed to integrate Bitcoin’s foundational strength with advanced DeFi capabilities, unfolding in strategic phases to introduce sophisticated solutions like automated liquidity protocols and decentralised perpetual contracts exchanges with up to 20X leverage. DeFi on Bitcoin via Velar and the Stacks Bitcoin Layer Two Velar’s primary aim is to harness the strength and…

Sui and Atoma Bring the Power of AI to dApp Builders – Blockchain News, Opinion, TV and Jobs

Grand Cayman, Cayman Islands, May 30th, 2024, Chainwire The integration of Atoma adds new capabilities to Sui’s flourishing developer ecosystem with unique AI-querying capabilities Sui, the Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, together with Atoma Network, pioneers in decentralized AI, are excited to announce the introduction of a cutting-edge verifiable inference network designed to optimize AI queries off the main chain and dedicated exclusively to Sui and maintaining Sui’s leading efficiency and speed. By tapping into the AI that powers applications, allowing for real-time decision-making…

PayPal Chooses Solana Blockchain For PYUSD Integration, Citing Speed And Low Fees

Online payment company PayPal is set to integrate its PayPal USD stablecoin (PYUSD) into the Solana (SOL) blockchain, which is increasingly becoming the preferred choice for memecoin issuers.  This move follows the successful launch of PYUSD on the Ethereum (ETH) blockchain and its subsequent addition to PayPal’s Venmo peer-to-peer (P2P) payments service. According to Bloomberg, the decision to join Solana was driven by the blockchain’s speed and low transaction fees.  Expanding PYUSD’s Reach In The Memecoin Market Solana’s transaction processing capabilities, currently measuring 1,423 transactions per second (tps) according to…

Spot Bitcoin ETFs Issuers Buy Up 5% Of BTC Supply, $100 Million To Flow Into ETFSwap (ETFS) Presale – Blockchain News, Opinion, TV and Jobs

Spot Bitcoin ETFs issuers have bought up almost 5% of BTC total supply; ETFSwap is projected to witness $100 million in inflows during its presale. In a remarkable development for the cryptocurrency industry, Spot Bitcoin ETFs issuers now hold about 5% of the Bitcoin (BTC) total supply. This substantial accumulation has driven significant inflows into the ongoing presale of prominent cryptocurrency ETF trading platform, ETFSwap (ETFS), which is set to receive an influx of $100 million. ETFSwap (ETFS) Presale Inflows To SkyRocket As Spot Bitcoin ETFs Hype Grows  ETFSwap (ETFS)…

Native Stablecoins Swell on Sui as Agora Adds AUSD Stablecoin to Network – Blockchain News, Opinion, TV and Jobs

Austin, Texas, May 29th, 2024, Chainwire Agora brings to Sui an exceptional blend of technology, financial markets, and operations experience paired with blue-chip traditional finance partners and backers. Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced the launch of stablecoin AUSD on the network, set to occur in July 2024. With this strategic deployment, which is only available on select chains, AUSD becomes the second native stablecoin within the Sui ecosystem as the number of native assets on the network rapidly grows. Agora is led…

Crypto Bridge LayerZero Connects to Solana Blockchain

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Viral Meme Coin, Memeinator, Lists On Exchanges After Raising $7.7M – Blockchain News, Opinion, TV and Jobs

London, United Kingdom, May 29th, 2024, Chainwire Memeinator the viral new meme coin, continues its upward trajectory following its successful $7.7 million presale and has confirmed it will list its MMTR token today, the 29th of May, at 3 PM UTC on both MEXC and Uniswap. MEXC, popular among both novice traders and experienced investors, has listed several meme coins that have shown significant growth in 2024, such as MEME and BONK. The exchange currently has trading volumes exceeding $1.6 billion and serves over 10 million users across more than…