The investment was led by ABCDE and Franklin Templeton, one of the issuers of a spot bitcoin (BTC) exchange-traded fund in the U.S. The involvement of Franklin Templeton, a trillion-dollar asset manager, suggests the traditional finance (TradFi) world is taking notice of developments in decentralized finance (DeFi). Source link
Ether is currently trading about 67% above its so-called realized price, which was $2,050 toward the end of the second quarter, the note said. That’s the highest since inception despite the fact that ETH remains well below its 2021 highs. The realized price is a measure that tries to capture the average cost basis of all current ETH holders. Ether was trading around $3,526 at publication time. Source link
On Monday, Hong Kong-based gaming software company Animoca Brands, The Open Network (TON) blockchain, Moca Network, and the MOCA Foundation announced a new partnership to catalyze the adoption of the Open Network ecosystem and establish its position for GameFi and Web3 gaming. MOCA And Toncoin Reserve According to the announcement, as part of the partnership, The Open Network Foundation, Mocaverse, and the MOCA Foundation will work together to create a $20 million MOCA coin and Toncoin reserve, the native token of the Layer 1 (L1) blockchain. This reserve will incentivize…
Caroline Bishop Jul 22, 2024 11:23 BNB Chain will attend Blockchain Rio 2024, Latin America’s premier blockchain event, featuring industry leaders and immersive experiences. BNB Chain is set to be a prominent participant at Blockchain Rio 2024, Latin America’s leading event for blockchain technology and digital finance. The event, which will take place in Rio de Janeiro from July 24 to 26, will bring together industry leaders, experts, and educators focused on advancing the tokenized economy, according to BNB Chain Blog. Blockchain…
Alvin Lang Jul 20, 2024 04:46 Ripple (XRP) aims to revolutionize financial services using blockchain and digital assets, focusing on institutional DeFi, cross-border payments, and stablecoins. Ripple (XRP), a pioneer in blockchain technology, is making significant strides in transforming the financial infrastructure by leveraging blockchain and digital assets. Founded on the belief that blockchain would become the backbone of global financial services, Ripple aims to create more affordable and accessible financial solutions for individuals and businesses worldwide, according to ripple.com. Institutional DeFi…
Luisa Crawford Jul 19, 2024 18:10 Electric Capital’s latest report highlights Sui’s rapid growth in the Move developer community, showcasing significant increases in developer activity and engagement. The latest Electric Capital developer data reveals that Sui has the largest and most rapidly growing Move developer community, according to The Sui Blog. This growth underscores Sui’s emerging leadership in the blockchain industry. Highlights from the Electric Capital Developer Report From the beginning of 2024 to July 1st, Sui experienced a 219% increase in…
James Ding Jul 19, 2024 05:05 Arkham Intelligence unveils ‘The Arkham Oracle,’ an AI-driven tool designed to simplify blockchain data analysis. The feature offers transaction logs, portfolio holdings, and more. Arkham Intelligence has announced the launch of its latest feature, ‘The Arkham Oracle,’ an AI-driven tool designed to simplify blockchain data analysis, according to arkhamintelligence.com. Introducing The Arkham Oracle The Arkham Oracle is an innovative feature that harnesses artificial intelligence to deliver comprehensive blockchain data insights. Users can interact with the Oracle…
Terrill Dicki Jul 18, 2024 02:03 Stellar (XLM)’s State Archival aims to address blockchain state bloat, enhancing scalability, transaction speed, and cost-efficiency. The Stellar Development Foundation has unveiled its innovative solution to the persistent issue of state bloat in blockchain technology, known as State Archival, according to Stellar. This approach is set to enhance the scalability, transaction speed, and overall cost-efficiency of the Stellar (XLM) network. Addressing State Bloat State bloat has long been a challenge for blockchain networks, leading to increased…
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On Tuesday, July 16, Charles Hoskinson, founder of the blockchain platform Cardano, publicly offered to assist Elon Musk in addressing the escalating issue of account hacks and the proliferation of scam bots on X (formerly Twitter). Hoskinson’s proposal involves the integration of Decentralized Identifiers (DIDs), a concept endorsed by standards bodies like the World Wide Web Consortium (W3C), into X’s framework. What The Cardano Founder Offers Musk Hoskinson reached out directly via an X post, stating, “Elon, we need DIDs integrated into X. It solves all of these problems. Again,…