“Many in the tech world, inside and outside the blockchain ecosystem, are promising ‘everything apps’ and full user interactivity in the world of ideas, goods, services and other opportunities,” said Shiba Inu lead developer “Shytoshi Kusama” (a pseudonym), in a message to CoinDesk. Source
Shiba Inu launched the Shibarium mainnet, an Ethereum layer-2 scaling solution, on Aug. 16 after months of testing that saw millions of users participate and 21 million wallets created. Shibarium is built on a new consensus mechanism called proof-of-participation (PoP), which works by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work schemes. The new L2 blockchain solution is designed to interact with the primary Ethereum layer-1 blockchain, providing a more scalable and cost-effective transaction platform.…
The buzzy blockchain project’s SEI token saw a flurry of trading as it debuted on several crypto exchanges Wednesday, but there was much confusion over the status of a promised token “airdrop” to early adopters of the network. Source
Bitcoin (BTC) ETF will launch on Euronext Amsterdam under the ticker BCOIN following a delay of over two years. Jacobi Asset Management recently introduced the Jacobi FT Wilshire Bitcoin ETF, a digital asset fund emphasizing environmental sustainability. The ETF aligns with the European Union’s sustainable finance guidelines. The company initially filed for it in 2021 and planned a July 2022 release on Euronext Amsterdam. However, its launch was postponed due to market upheavals caused by the Terra ecosystem collapse and FTX crypto exchange issues. Originally slated for a July 2022…
The trading focused layer 1 blockchain is backed by Jump Crypto and Flow Traders. Source
In a move that can reshape the digital payments landscape, financial technology giant PayPal has unveiled its United States dollar-pegged stablecoin PayPal USD (PYUSD). In line with expectations, the launch has ignited a complex debate within the crypto community. Ethereum’s daily active user base hovers between 300,000 to 400,000, which is a fraction of PayPal’s colossal user base count of over 430 million. As a result, some see the move as a significant step toward transforming Ethereum into the internet’s monetary backbone. Despite the excitement, skepticism looms over the crypto…
On Wednesday, August, 2, crypto exchange Bitstamp made a cryptic tweet teasing a new announcement and development for XRP. The exchange kept its promise and made the announcement. However, did it live up to the expectations and hype? The Big Announcement Popular digital asset exchange platform Bitstamp has recently unveiled its highly anticipated XRP announcement. The new feature allows users to stake their XRP holdings and earn long-term 2% APY in rewards. This offering is part of the platform’s creative Bitstamp Earn Lending Program, which offers users a reliable and…
Version 2 of GMX allows trading of riskier assets at lower fees, with some pools yielding as much as an annualized 47%. Source
Meme coin BALD’s 4,000,000% surge seemed to spark the huge inflows to the nascent crypto bridge. Source link
Yuga Labs co-founder Wylie Aronow, who has since stepped back from the project, told me last year that the company is all-in on developing its gamified virtual world, which is meant to sit at the “intersection” of all of its NFT brands, like Bored Ape Yacht Club, CryptoPunks, Meebits and 10KTF. The company has recently brought on a number of game-focused executives to help lead its expansion, notably new CEO Daniel Alegre, formerly of Activision Blizzard, chief gaming officer Spencer Tucker and chief creative officer Michael Figge. Source