Binance, a leading cryptocurrency exchange, announced that it has completed the integration of Tether (USDT) on its Toncoin network. According to Binance, this development will now allow users to deposit and withdraw USDT on this blockchain.Integration DetailsAfter integration, Binance users can find their assigned token deposit address here. Additionally, the smart contract address for USDT on the Toncoin network can be accessed here.Context and ImplicationsThis integration is an important step in expanding the utility and accessibility of USDT, one of the most widely used stablecoins in the cryptocurrency market. By enabling trading on the Toncoin…
Author: Crypto Flexs
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The Phantom Foundation is committing up to 200 million FTM tokens to support the launch of Sonic, the latest version of the network. In a new blog post, the Phantom Foundation said the Treasury aims to foster immediate adoption of decentralized apps (dApps) and other partners on the Sonic Network. Sonic is designed as a high-throughput layer 1 chain with a native layer 2 chain connected to Ethereum (ETH). The Phantom Foundation says the allocation highlights Phantom’s commitment to creating “strong, dynamic platforms and communities.” “Sonic’s ambition is to reinvent the future state of blockchain, empowering today’s visionary creators to…
Immutable (IMX), a leading innovator in the gaming industry, is at the forefront of transforming the gaming economy through the integration of Web3 technology. According to immutable.com, the gaming industry’s annual spending is $240 billion, with $150 billion spent on digital assets alone. This important market highlights the potential for Web3 to transform how games are monetized and how players interact with digital assets. Transition from Web2 to Web3 Gaming The evolution of the gaming economy shifted from pay-to-play and subscription models to free-to-play formats as games like Candy Crush and Fortnite became popular. However,…
Pendle, Lido DAO, and Ethereum Name Service were the biggest winners last week. zkSync, dogwifhat, and Notcoin were the biggest losers this week. PENDLE was the top gainer in a turbulent cryptocurrency week that saw the market swing in that direction. Meanwhile, zkSync experienced a challenging debut, quickly feeling the effects of market forces in what could be described as a “baptism of fire.” biggest winner PENDLE PENDLE started the week on a positive note, although things didn’t go completely smoothly. It opened at about $5.6 and closed the week at about $6.0. According to data from CoinMarketCap, PENDLE is…
In the first two parts of this series, we talked about what the basic workings of a decentralized autonomous corporation might look like, and what kinds of challenges it might need to deal with to be effective. However, there is still one question that we have not answered: what might such corporations be useful for? Bitcoin developer Jeff Garzik once suggested that one application migh be a sort of decentralized Dropbox, where users can upload their files to a resilient peer-to-peer network that would be incentivized to keep those files reliably backed up. But aside from this particular example, what…
The memecoin market is getting hotter with the advent of memecoin. ALEX the Dodge, also known as DOGE 3.0. As the Solana (SOL) meme coin prepares for this new challenger, the cryptocurrency community is eagerly anticipating Solana’s unique features and potential. This article explores the current state of the Solana (SOL) meme coin, its unique features, community reaction, and market predictions of Alex The Doge (ALEX), and provides a comprehensive comparison of its potential. Current Status of Solana Meme Coin Solana (SUN) It has quickly grown into a powerhouse in the blockchain world, known for its fast transaction speeds and…
Competition for blockspace is and always will be one of the core tensions that exist between different users of the Bitcoin protocol. At the end of the day there are only two restrictions on how it will be used, the technical and consensus layer of what is actually possible or allowed by the protocol, and the economic layer of what people are willing to pay to make use of blockspace to different ends. This is a fundamental and inescapable reality of how the network works. It is a purely market driven distributed mechanism for deciding how Bitcoin is used. Concerning…
JasmyCoin surged 12% as its price defied the broader cryptocurrency market. If the bulls hold above the key support level, JASMY could move towards $0.04. JasmyCoin (JASMY), the native token of the Japan-based cryptocurrency project for decentralized data, has witnessed significant price gains over the past month as most top altcoins have mirrored Bitcoin’s consolidation. On June 23, JASMY price rose 12%. This is higher than any other token in the top 100 by market capitalization. With BTC and ETH hovering around the $64,000 and $3.5,000 price levels respectively, JasmyCoin has been trading above $0.033, experiencing a notable surge in…
average gasoline price Ethereum ETH -2.46% On Saturday, the mainnet fell just below 3gwei, a level not seen since 2020. This is an important signal that Ethereum’s layer 2 network can actually help alleviate the costs of sending transactions to the world’s second most valuable network. Blockchain. Just a year ago, the average price of gasoline was about 15-20 gwei, a significant increase compared to Saturday’s price. According to @hildobby’s Dune Analytics dashboard, the highest gas prices in 2024 occurred in March, with the highest daily average gas price of 83 gwei occurring on March 5.However, the median price of…
On June 20, 2024, Ethereum protocol developers gathered virtually for All Core Developers Execution (ACDE) Call #190. According to galaxy.com, the biweekly meeting, chaired by Ethereum Foundation (EF) Director of Protocol Support Tim Beiko, serves as a platform for developers to discuss and coordinate changes to Ethereum’s Execution Layer (EL). Major updates on the currency During the session, developers provided updates on various projects, including Ethereum Improvement Proposals (EIP) 7251 and 7702, Ethereum Virtual Object Format (EOF), and PeerDAS. Beiko introduced a new template for EIP discussion threads, and EF Developer Operations Engineer Parithosh Jayanthi…