Blockchain analysis platform Santiment has revealed that Ethereum (ETH)-based altcoin projects are leading the real assets (RWA) sector based on their development activities. st tly Called Blockchain oracle Chainlink (LINK) is seeing the most daily activity on development hosting platform GitHub. LINK sees more than twice the amount of development activity compared to the second most active blockchain project, Synthetix (SNX), a decentralized finance (DeFi) cryptocurrency that enables synthetic asset creation on Ethereum. “The best real world assets in cryptocurrency by development are: This list is created by counting unduplicated GitHub activity and averaging daily activity over the past 30…
Author: Crypto Flexs
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Ripple is once again in trouble with the US Securities and Exchange Commission (SEC) following its highly anticipated stablecoin announcement. The stablecoin, which will be pegged to the US dollar, is expected to fund existing stablecoins such as Tether’s USDT and Circle’s USDC. However, the SEC is not satisfied with this launch and goes after Ripple before it even launches. SEC Says New Stablecoin Qualifies as Securities Offering In April 2024, Ripple announced the launch of its own stablecoin pegged to the US dollar. This stablecoin launch comes as part of the company’s continued expansion globally as it continues to…
Arch Raises $7 Million Led by Multicoin Capital to Build First Bitcoin-Based Application Platform – Chainwire housenewsroomArch has raised $7 million led by Multicoin Capital to build the first Bitcoin-based application platform. We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage…
One of the questions that has perhaps been central to my own research in blockchain technology is: ultimately, what is it even useful for? Why do we need blockchains for anything, what kinds of services should be run on blockchain-like architectures, and why specifically should services be run on blockchains instead of just living on plain old servers? Exactly how much value do blockchains provide: are they absolutely essential, or are they just nice to have? And, perhaps most importantly of all, what is the “killer app” going to be? Over the last few months, I have spent a lot…
Arch Labs Team Bitcoin BTC +0.11% – Native application platform Arch raises $7 million in seed funding round.Multicoin Capital led the round in a rare Bitcoin deal for a venture capital firm. Other investors in the round include Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings and Tangent, Arch said Thursday.“Arch began raising funding in March and quickly closed in April due to tremendous interest from investors,” Arch co-founder Matt Mudano told The Block. Mudano declined to comment on the valuation, saying the round was structured as a Simple Contract for Future Assets (SAFE) along with token warrants.What is…
Lightning Labs is preparing to introduce stablecoins and other tokenized assets in a significant move that could redefine Bitcoin (BTC) financial transactions. Elizabeth Stark, CEO of Lightning Labs, announced these developments during an appearance at FT Live’s Crypto and Digital Assets Summit in London. Lightning Labs Reveals Plans to Integrate Stablecoins into the Bitcoin Network Stark said the development team at Lightning Labs has already begun testing the new protocol on the Lightning Network. “We released the initial portion of the code in October and recently demonstrated the first transaction of an asset on Lightning. The idea is to hold…
Bitcoin mining company Core Scientific Inc has released its first quarter 2023 financial report showing strong revenue growth and improved profitability. The company’s performance was driven by increased Bitcoin production, hosting revenue, and effective cost management. However, it also faces risks associated with Bitcoin price volatility and significant debt. Let’s take a look at the details of Core Scientific’s Q1 2023 financial report. solid revenue growth Core Scientific reported total revenue for the first quarter of 2023 of $179.3 million, a 49% increase from the previous year. This growth can be attributed to a variety…
The price of ADA has risen by more than 4% in the last 24 hours. Most surface sand investor sentiment seemed bullish on ADA. Cardano (ADA) Its performance over the past few hours has been one of the best among the top 10 cryptocurrencies. This pushed the price of ADA to serious levels right before breaking out of the bullish pattern. Cardano prepares for a rally Renowned cryptocurrency analyst World Of Charts recently posted the following: Twitter Highlights the bullish pattern formed on the ADA chart. According to the tweet, the price of ADA has reached the upper trendline of…
The bull I was beaten over and over again. In particular, the strength of XRP received attention with the recent liquidation of $1.27 million in long positions. Here’s why buy liquidation surged 6,350%: XRP’s recent price movementsEmphasizes the general sentiment of the ecosystem. $1.27 million long position was liquidated data It shows a buy position of $1.27 million on Coinglass. liquidated In the last 24 hours. This compares to the $19,220 liquidated from short positions during this period. This appears to have occurred because the price of The price decline of XRP during this period is believed to have been…
Lisbon, Portugal, May 9, 2024, Chainwire Azuro, the leading liquidity layer for on-chain predictions, and Chiliz, the world’s leading sports and entertainment blockchain, are collaborating to accelerate the adoption of the on-chain sports prediction market. This effort will enable millions of fans around the world to further support and root for their favorite teams and players through a fair and transparent prediction app. Chiliz Chain is known for its blockchain solutions that transform fan engagement with sports through features such as fan tokens and interactive engagement platforms. Through its flagship venture, Socios.com, the network has expanded significantly to support over…