Search Results for: Origin Protocol

BOCI, the Bank of China’s investment bank subsidiary, has issued 200 million Chinese Yuan ($28 million) worth of digital structured notes on the Ethereum blockchain. This marks BOCI as the first Chinese financial institution to issue a tokenized security in Hong Kong, with UBS playing a crucial role in product origination. The development showcases growing interest in digital assets and blockchain technology among traditional financial institutions.

Gensyn AI recently secured $43 million in Series A funding led by a16z crypto to harness the power of decentralized technology for AI applications. Their decentralized machine learning compute protocol connects global machine learning-capable hardware, enabling a scalable, blockchain-based solution with minimal verification overhead.

Aave’s innovative stablecoin, gho (GHO), nears Ethereum mainnet launch with proposals for V3 Ethereum Facilitator and FlashMinter Facilitator. Backed by a basket of cryptocurrencies, gho aims for decentralization, passive income opportunities, and benefits for Aave’s decentralized autonomous organization (DAO) while confronting potential risks.

Stablecoins maintain relevance despite the launch of FedNow, offering advantages like global accessibility, financial inclusivity, on-chain transactions, affordable cross-border payments, and handling unrestricted transaction sizes, making them essential in the crypto ecosystem.

The new BRC-721E token standard facilitates the migration of Ethereum-based NFTs onto Bitcoin, transforming ERC-721 NFTs into Ordinals. This allows users to transfer digital collectibles from Ethereum to Bitcoin using a bridging contract while preserving essential metadata and provenance.

Ethereum’s Shanghai upgrade transition to proof-of-stake blockchain has opened new investment themes like DeFi, stablecoins, and NFTs. Ethereum’s staking yields now represent the “risk-free rate” of crypto, enabling easier detection of suspicious activities like money laundering and wash trading. However, price volatility may hinder effectiveness in identifying illicit activities.

Tornado Cash’s governance token holders regain control over the protocol after an unexpected proposal by the individual responsible for a recent attack. This highlights continuous challenges faced by decentralized finance (DeFi) protocols in maintaining security and safeguarding against potential vulnerabilities.

Dogecoin, once a joke, now surpasses Ethereum and Bitcoin in transaction volume, handling over 7.9 million transactions due to Bitcoin Ordinals, a layer-2 solution similar to NFTs. With competitive fees and rapid adoption of NFT-like features, Dogecoin demonstrates the potential as a serious blockchain competitor.

The latest Bitcoin Core version introduces changes to transaction policies, enabling smaller transaction sizes and more efficient use of the network. Developments in the ordinals protocol support diverse token creation, bringing additional utility to Bitcoin ecosystem and optimism for the cryptocurrency’s future.

Bitcoin-based NFTs and meme tokens experience soaring popularity as Ordinals inscriptions reach 9 million. The Bitcoin Ordinals protocol enables inscribing digital artifacts, drawing criticism for misuse and increasing network congestion. Despite concerns, it serves as a catalyst for Bitcoin adoption and expansion into other cryptocurrencies.

Namada, a privacy-focused blockchain firm, is considering partnering with Cosmos-based Osmosis protocol to implement shielded actions for enhanced privacy and security in cross-ecosystem asset management. However, reservations exist, with the collaboration’s future hinging on the Osmosis community’s response, and concerns about compatibility between the two systems.

Multicoin Capital leads a $2.3 million seed funding round for FastLane Labs, a maximal extractable value (MEV) protocol designed for the Polygon network. FastLane Labs offers an innovative auction system that rewards validators without spamming the blockchain, using off-chain and external auctions to minimize redundant transactions.

The TON Foundation recently introduced a $25 million accelerator program dedicated to supporting emerging projects on the TON blockchain, with a focus on decentralized finance (DeFi). Financial backing from the Toncoin Fund will be offered in addition to partnership support and mentorship from accelerator partners.

zkSync achieves one million transactions in 24 hours, ranking as the second top L2 network behind Ethereum. Increasing transaction speed and reducing fees, zkSync attracts interest from projects like 1inch, Chainlink, and Uniswap. Despite impressive milestones, users should consider the risks, including past mainnet malfunctions.

Aave recently faced an issue with its V2 Polygon platform, preventing users from interacting with Wrapped Ether, Tether, Wrapped Bitcoin, and Wrapped Matic pools, and withdrawing assets. Aave V2’s ReserveInterestRateStrategy upgrade is incompatible with Polygon, impacting assets worth $110 million. Aave assures funds are safe, pending a governance vote to resolve the issue.

In the historic summer of 2023, Astrobotic Technology, BitMEX, and Bitcoin Magazine will partner to send the first physical Bitcoin to the Moon, marking the first Western soft lunar landing since NASA’s Apollo 17 mission in 1972 and symbolizing a world without borders.

Miami-based Borderless Capital leads a $50 million fund for fostering cross-chain innovations, addressing challenges in the Web3 landscape. Powered by Wormhole, a decentralized message-passing protocol, the fund aims to ease constraints for developers and promote inter-blockchain communication.

Crypto startup Hourglass launches the first-ever marketplace for trading Time-Bound Tokens (TBTs), allowing users to gain liquidity from locked-up assets in DeFi protocols. By selling the rights to the time duration in a secondary market, Hourglass aims to address liquidity challenges faced by users with lengthy withdrawal wait times.

The Ethereum network recently faced two instances of technical issues causing confusion and debate among users and developers. These finality issues have raised concerns within the Ethereum community, emphasizing the importance of understanding blockchain technology and safety measures in the cryptocurrency world.

Tessera, a prominent NFT protocol, announced its shutdown and closure of Escher digital fine art marketplace. This decision comes after examining market scenarios, company structure, and financial status. The closures may signify growing pains as the NFT market matures and consolidates.

The Ordinals protocol has caused an explosion of BRC-20 tokens, clogging the Bitcoin network and leading to high transaction fees. Developers are debating whether to take drastic steps to address the issue or maintain the status quo. Meanwhile, some Bitcoin users in Africa are seeking alternative payment options, and Binance plans to integrate the Lightning Network to scale.

The IRS seized approximately $10 billion worth of cryptocurrency in relation to digital asset crimes, aided by blockchain analysis tools like Chainalysis. Enhanced interaction between the IRS and the crypto space, investments in people, data, and technology, and training of international law enforcement agencies contribute to combating financial crimes.

Binance NFT marketplace’s upcoming support for Bitcoin Ordinals aims to excite collectors, traders, and creators by simplifying purchases, providing royalty income, and fostering collaboration. Streamlining processes and offering more NFT options, Binance sets the stage for ecosystem growth, while addressing concerns about platform dependence and centralization.

The BRC-20 token standard, an experimental Bitcoin blockchain token modelled after Ethereum’s ERC-20, has gained attention with a 600% market cap explosion and $120 million total value. Despite popularity among crypto enthusiasts, skepticism is warranted regarding its long-term sustainability and impact on the Bitcoin network.

The BRC-20 token standard, built with Ordinals and stored on the Bitcoin base chain, has seen a massive 682% rise in combined market value, reaching $137 million. This experimental token standard allows users to issue and transfer fungible tokens on the Bitcoin blockchain, offering a new way to utilize Bitcoin without relying on smart contracts like Ethereum’s ERC-20 tokens.