Category: Blockchain

Tether (USDT) Shifts Focus to Community-Driven Blockchain Support

Tether, the issuer of the widely-used stablecoin USD₮ (USDT), has announced a strategic transition to prioritize community-driven blockchain support. According to tether.io, the company will discontinue support for the EOS and Algorand implementations. Assessing Transport Layers In a bid to maintain a robust and innovative blockchain ecosystem, Tether continually evaluates current transport layers. The company aims to balance maintainability, usage, and community interest in its blockchain selections. A critical part of this evaluation involves assessing the security architecture of potential networks to ensure safety, usability,…

Birdeye Integrates Real-Time Crypto Market Data on Sui Blockchain

Birdeye, an onchain crypto trading data aggregator, has expanded its services to include the Sui blockchain, providing real-time crypto market data APIs and WebSockets for decentralized finance (DeFi) applications. This integration, which began in April 2024, aims to enhance the data accessibility for developers and traders using the Sui network, according to The Sui Blog. Comprehensive Data Services Birdeye offers a range of APIs and WebSockets that allow users to integrate detailed crypto market data into their projects. Key APIs include the Price API, OHCLV…

Exploring LayerZero (ZRO): A Breakthrough in Blockchain Interoperability

In the rapidly evolving multichain paradigm of the Web3 ecosystem, LayerZero (ZRO) emerges as a novel solution poised to redefine Decentralized Applications (DApps) and cross-chain interactions. According to Bitfinex Blog, LayerZero addresses a critical challenge in the blockchain space: interoperability. LayerZero’s Vision LayerZero was created by Bryan Pellegrino and Ryan Zarick, who identified the fragmentation in the blockchain landscape, with numerous isolated networks operating independently. This fragmentation hindered the development of DApps that could leverage the unique strengths of multiple blockchains. LayerZero aims to bridge…

Binance Announces Blockchain Week Dubai 2024 with Discounted Early Bird Tickets

Binance has officially announced the dates for its highly anticipated Binance Blockchain Week Dubai 2024, set to take place from October 30 to October 31 at Dubai’s Coca-Cola Arena. This major event aims to bring together industry leaders, innovators, and enthusiasts to discuss the future of blockchain technology and cryptocurrency. Event Theme and Highlights The theme for this year’s conference is “Momentum.” According to Binance, the theme focuses on how momentum drives the industry forward, overcoming challenges and leading to significant achievements. The discussions will…

Tether (USDT) Collaborates with Taipei Tech to Advance Blockchain Education

Tether, the largest company in the cryptocurrency industry, has announced a new initiative aimed at enhancing blockchain and digital asset education in Taiwan. The company is partnering with the National Taipei University of Technology (NTUT), also known as Taipei Tech, to develop comprehensive educational programs that will equip students with the necessary skills and knowledge in this rapidly evolving field, according to Tether. Educational Program Details The “Blockchain & Digital Asset” education program was initially launched at NTUT’s College of Management, attracting over 110 students.…

Crypto Enthusiasts Gain Political Influence as Presidential Candidates Endorse Blockchain

Crypto Enthusiasts Shape U.S. Political Landscape In a significant development, U.S. presidential candidates are increasingly endorsing blockchain technology, aiming to garner support from the younger electorate. According to Pantera, this demographic shift is poised to impact the upcoming elections and the regulatory environment for digital assets. The majority of Americans under the age of 40 have shown a strong affinity for blockchain technology. Recognizing this trend, one presidential candidate publicly expressed support for blockchain, a move seen as strategic to attract single-issue voters passionate about…

Bitfinex Lists LayerZero’s Native Token ZRO, Enhancing Blockchain Interoperability

Bitfinex, a premier digital asset trading platform, has announced its latest listing addition, ZRO, the native token of LayerZero. This move positions Bitfinex among the first exchanges to support the token, according to a recent media release from the company. LayerZero’s Mission and ZRO Token LayerZero is a pioneering cross-chain protocol that aims to facilitate seamless interaction for decentralized applications across multiple blockchains. The introduction of the ZRO token is a significant step toward enhancing this ecosystem, offering users new avenues for engagement and innovation.…

Circle Launches Credits Program to Support Blockchain Developers

Circle has announced the launch of its new Credits Program, aimed at supporting developers working on blockchain applications by minimizing associated costs, according to Circle. Introducing the Circle Credits Program The Credits Program provides financial assistance to developers by offering credits that can be used to pay for various Web3 Services. These include Programmable Wallets monthly fees, Smart Contract Platform API calls, and Gas Station fees. This initiative is intended to alleviate the financial burden of deploying blockchain applications, which typically incur transaction fees known…

Infineo Mints $9M of Policies on Provenance Blockchain

Infineo, a company that focuses on blockchain-based life insurances, said Tuesday that it has transferred the “first-ever” tokenized life insurance policy on distributed ledger system. The firm minted a total of $9.4 million worth of policies using the Provenance network, according to a press release reviewed by CoinDesk. Source link

SUI: SuiNS Adopts @ Symbol for Streamlined Blockchain Identity

SuiNS has introduced a significant update to its naming standard, transitioning from the .sui extension to the @ symbol. This change aims to simplify blockchain identity management and enhance user experience across Web2 and Web3 platforms, according to The Sui Blog. Introducing SuiNS’ New Naming Standard The shift from .sui to @ is designed to make usernames more intuitive and user-friendly. This change aligns with common Web2 conventions, allowing users to maintain a consistent identity across various platforms. For example: chris.sui becomes @chris …