The latest technology news in cryptocurrency and blockchainOn March 2, Babylon announced that it was collaborating with Ankr to provide security and liquidity to its proof-of-stake chain using liquid staking tokens. Ottr joined Tools For Humanity to develop the World App. Wormhole introduces native token transfers for multichain tokens. BOB has unveiled its ETH settlement rollup solution. Taiko raises $15 million for its Ethereum layer-2 scaling solution. Clone launched Clone Market and Clone Liquidity on Solana. Renzo has partnered with Connext for cross-chain re-staking. Metis has integrated Chainlink CCIP for token bridging. Alchemy has launched embedded accounts for Web3 onboarding.…
Author: Crypto Flexs
The Taiko project, known for its “base sequencing” architecture, is one of several projects vying for relevance in the deep space of the Ethereum layer-2 network.
AlgoSwap emerges as a new decentralized exchange protocol on the Algorand blockchain designed for high-speed, low-cost, and environmentally friendly cryptocurrency trading. As follows Decentralized Finance The (DeFi) landscape continues to expand, and innovative platforms like AlgoSwap are revolutionizing the way digital assets are exchanged. Developed by Hypotenuse Labs and supported by the Algorand Foundation, AlgoSwap is an ongoing protocol that encapsulates the spirit of DeFi by providing a secure and user-friendly decentralized exchange (DEX) on the Algorand blockchain. Introduction to AlgoSwap AlgoSwap is a decentralized Uniswap-like exchange carefully tailored for the Algorand Standard Asset (ASA), bringing a new dimension to…
The cryptocurrency market is led by Bitcoin and Ethereum with soaring values. The upward momentum is flowing to altcoins. In particular, the Theta Network cryptocurrency soared while analysts made bullish predictions for SUI. Adding fuel to the fire is the emerging project BlockDAG. The project has garnered significant early investor support, evidenced by the second pre-sale batch almost selling out. Theta Network Cryptocurrency LoL Theta Network (THETA), a platform for decentralized video delivery and edge computing, has seen massive price growth, with its price rising by as much as 60% in February 2024. This made THETA the leading cryptocurrency in…
It’s been a crazy week:bitcoin hit $64,000 (thursday).Bitcoin surpasses Russian ruble (world’s 14th largest currency).Microstrategy purchases an additional 3,000 Bitcoin.Gold price: Reaches all-time highThe Bitcoin ETF market is already worth more than half the gold market!There has been a lot of news this week and the importance of these events cannot be overstated. So let’s take a look at the following:Bitcoin Reaches $63,000 (Thursday)Bitcoin continued its strong market momentum on Thursday, hitting $63,000 on Binance. This price is higher than we expected, and we are still 50 days away from the Bitcoin Havling event, which could reduce the market supply…
The Indonesian Commodity Futures Trading Supervisory Authority (Bappebti) has asked the Ministry of Finance, led by Sri Mulyani, to reassess the taxation of cryptocurrencies. Cryptocurrency taxation in Indonesia Despite the surge in the value of Bitcoin, Indonesia saw a notable decline in cryptocurrency tax revenues in 2023, plummeting 62% compared to the previous year. In 2023, total tax revenue generated from cryptocurrency transactions reached $31.7 million (Indonesian Rupiah $467.27 billion). This decline is primarily due to a significant 51% decline in cryptocurrency trading volume over the same period. The tax system introduced by the government in May 2022 imposed double…
Ondo USDY Treasury Token Now Available on Sui – Chainwire We use cookies to make your experience on Chainwire’s website better. 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 a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the legitimate purpose of storing preferences that have not been…
The Bank for International Settlements has proposed recommendations for global stablecoin regulation.In a summary of recommendations released on Thursday, BIS described GSC as a widely adopted stablecoin with potential reach and use across multiple jurisdictions. “GSCs may become systemically important in more than one jurisdiction,” BIS said. Recommendations for GSC preparationThe BIS summary outlines key recommendations to address the financial stability risks posed by GSCs at domestic and international levels.The recommendations also aim to support GSC innovation and provide flexibility for jurisdictions to implement domestic approaches. Some of the key recommendations call for global jurisdictions to prepare to regulate and…
Cardano is on the rise with the market predicting Aptos (APT) price to rise by 2024. As the top cryptocurrency evolves with the innovation of Cardano and the potential of Aptos, stay tuned for the surge of newcomer BlockDAG. participate BlockDAG’s $2 Million GiveawayEarly participation provides community and benefits in the dynamic journey of cryptocurrency. Cardano holders still have hope Cardano (ADA) stands out as a proof-of-stake (PoS) blockchain network focused on solving global academic challenges through decentralized applications (dApps), smart contracts, and research collaboration. It’s not just about profits. Cardano is committed to innovation and meaningful impact globally. Last…
In recent years, the agricultural industry has seen major changes in the way transactions are conducted with the introduction of SoilCoin. This innovative cryptocurrency is bringing a wave of change to the world of agriculture and farming, providing a secure and efficient way for farmers to buy, sell and trade agricultural products and services. With the power of blockchain technology, SoilCoin is transforming the way agricultural transactions are processed, making them faster, safer and more transparent than ever before. What is SoilCoin? SoilCoin is a decentralized cryptocurrency designed specifically for the agricultural industry. It works on a blockchain system. This…