Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M minted

Decentralized finance (DeFi) protocol Aave has launched its algorithmic United States-dollar pegged stablecoin GHO on the Ethereum mainnet, with $2.19 million worth of GHO minted so far. Aave announced the launch of the new stablecoin in a July 16 blog post, describing the new stablecoin GHO as a “decentralized, over-collateralized” asset. The stablecoin is backed by a “multitude” of digital assets including Ethereum’s native currency Ether (ETH) and Aave’s native token AAVE (AAVE). Let’s GHO! Congrats to the @AaveAave community on the Mainnet Launch. https://t.co/vI7JbMLYb4 — GHO (@GHOAave) July 15,…

MultiversX launches on-chain two-factor authentication standard

Two-factor authentication (2FA) is a tried and tested online security measure, and the technology is now being used as an additional transaction signing measure on MultiversX’s blockchain protocol. MultiversX CEO Beniamin Mincu unpacked the protocol’s new guardian service in conversation with Cointelegraph. The feature makes use of Google Authenticator, Authy, Duo, Microsoft Authenticator or biometrics to provide a second signature for transactions before they are processed on-chain. Mincu outlines the novelty of the approach, which allows users to make use of guarded transactions and accounts to act as a secondary…

Europe’s first bitcoin ETF launches after delaying for a year

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Jacobi Asset Management, a London-based asset investment platform, is ready to launch Europe’s first bitcoin exchange-traded fund (ETF) after a year of delays. The bitcoin ETF was originally announced to list on Euronext Amsterdam in July 2022 but was postponed due to the timing not being right in the market. Bitcoin ETF back on track in Europe The bitcoin ETF was initially approved by the Guernsey Financial Services Commission (GFSC) to launch in October 2021, granting…

Cosmos-based Osmosis launches concentrated liquidity, lets LPs choose price

The Cosmos-based decentralized exchange Osmosis (OSMO) has launched a new “concentrated liquidity” feature, according to a July 12 announcement from the app’s developer, Osmosis Labs. The new feature allows liquidity providers (LPs) to choose a minimum and maximum price to offer to buy or sell crypto. Osmosis user interface. Source: Osmosis The Cosmos ecosystem is a web of blockchain networks that use the Cosmos software development kit and are connected through the Inter-Blockchain Communication (IBC) protocol. Osmosis is one of the largest decentralized exchanges (DEXs) in the ecosystem, doing approximately…

Coinbase Wallet launches instant messaging feature with XMTP

Coinbase Wallet users can now send instant messages to each other using their Ethereum identities, according to a  July 12 blog post from Coinbase. The new feature relies on the Extensible Message Transport Protocol (XMTP), an instant messaging system that allows users to communicate using blockchain addresses. XMTP is also used by decentralized social media network Lens. Demo of Coinbase Wallet instant messaging function. Source: Coinbase According to Coinbase’s post, select wallet users can now send messages to each other’s cb.id, .eth, or Lens usernames. The feature is being rolled…

Anthropic launches Claude 2 amid continuing AI hullabaloo

Anthropic, an artificial intelligence (AI) and “public benefit” company, launched Claude 2 on July 11, marking another milestone in a year full of seemingly nonstop progress from the burgeoning generative AI sector.  Introducing Claude 2! Our latest model has improved performance in coding, math and reasoning. It can produce longer responses, and is available in a new public-facing beta website at https://t.co/uLbS2JNczH in the US and UK. pic.twitter.com/jSkvbXnqLd — Anthropic (@AnthropicAI) July 11, 2023 According to a company blog post, Claude 2 shows improvements across nearly every measurable category. Perhaps…

ConsenSys launches Linea zkEVM to further scale Ethereum

The Ethereum ecosystem welcomes another layer-2 scaling solution as ConsenSys begins onboarding partners to its Linea network, which has produced significant scaling milestones in testing. Linea is an Ethereum layer-2 scaling network that allows developers to build or migrate decentralized applications for Ethereum. It operates using zero-knowledge proofs and is Ethereum Virtual Machine (EVM) equivalent, meaning its applications can seamlessly interact with the Ethereum blockchain. The network went through a lengthy testnet period which saw some 5.5 million unique wallets carry out over 46 million transactions. ConsenSys outlined improvements to Linea’s performance,…

Arkham launches on-chain crypto data and blockchain intelligence marketplace, receives mixed reaction

Dubbed the Arkham Intel Exchange, the platform will enable the monetization of blockchain data and intelligence through a bounty mechanism that connects buyers and sellers. Arkham’s intel-to-earn economy goes live.  Arkham Intelligence, a blockchain analytics company headquartered in New York, has announced the launch of the Intel Exchange, an intel-to-earn platform the team claims will enable web3 sleuths and researchers to monetize their skills. The new Arkham Intel Exchange plans to bring buyers and sellers of valuable blockchain data related to any crypto wallet together via a bounty mechanism. “Anyone…

Polygon spinoff launches testnet bridge to allow for low-cost layer-2s

Blockchain network Avail has launched a testnet data availability bridge to Ethereum, according to a July 7 announcement. Once testing is completed, the bridge will allow developers to easily create “validiums” or low-cost layer-2s that do not store full transaction data on Ethereum, the announcement stated. Avail was originally created by Polygon Labs, but was spun off as an independent project in March. Polygon’s co-founder, Anurag Arjun, is also the founder of Avail. Avail Block Explorer. Source: Avail.tools Layer-2 rollup networks like Optimism, Arbitrum, Polygon zkEVM, and zkSync Era lower…