Search Results for: cosmos

Japan’s MUFG unveils Progmat Coin, a stablecoin issuance platform supporting local bank-backed stablecoins on multiple public blockchains. The platform aims to provide a universal digital asset payment method for stablecoins, cryptocurrencies, and a Japanese CBDC while addressing potential security concerns.

The Terra Classic core developer group L1TF announces the v2.1.0 upgrade proposal for June 14, aiming to bring Terra Classic on par with other blockchains. The upgrade includes features such as Interchain Accounts (IBA), minimum 5% commission for validators, security updates, and multi-chain capabilities. The community hopes for a recovery after the upgrade.

MUFG’s Progmat Coin platform enables Japanese banks to launch Yen-pegged stablecoins on multiple public blockchains such as Ethereum, Polygon, Avalanche, and Cosmos. As new regulations take effect, banks are exploring or launching stablecoins, potentially advancing mainstream crypto asset acceptance.

At Consensus 2023, CoinDesk panelists reflected on the “ICO mania” period (2017-2018), highlighting both its opportunities and challenges. Initial Coin Offerings (ICOs) brought significant decentralized finance projects like Aave and 0x but also faced issues of investment fraud and securities violations, with 80% of ICOs found to be scams.

The Terra Classic LUNC developer group Joint L1 Task Force has completed version 2.0.1 and is now focusing on the CosmWasm v2.1.0 parity upgrade, potentially bringing Terra Classic on par with blockchains like Terra 2.0 and Cosmos. The upgrade, integrating features such as Edward Kim’s AI app chain “Block Entropy,” is now scheduled for June 14 to allow for additional testing.

The Avalanche blockchain launches AvaCloud, enabling developers to deploy no-code custom blockchains, and adds native support for Circle’s Euro-backed stablecoin EUROC on its C-chain. These developments target the European market, aiming to accelerate the adoption of instant payments and remittances worldwide, while also enhancing forex trading and decentralized app development.

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.

The Terra Classic developer group Joint L1 Task Force (L1TF) announced the official date for the CosmWasm v1.1.0 parity upgrade, bringing Terra Classic on par with blockchains like Terra 2.0 and Cosmos. This update enables projects across Cosmos and Terra Luna 2.0 to develop on Terra Classic, reinstating burn tax and increasing staking rewards.

The Joint L1 Task Force has successfully completed the v2.0.1 upgrade to the Terra Classic blockchain, introducing new features and security updates. In response, LUNC’s price surged by 3%. The next significant upgrade, Cosmwasm v1.1.0, is slated for May 31, aiming to bring utility across Cosmos and Terra Luna 2.0.

dYdX, a decentralized platform known for perpetual contracts, is exploring the establishment of additional subDAOs to further decentralize its ecosystem management. As dYdX upgrades to its fourth version on the Cosmos blockchain, it aims to create a more inclusive governance model by allowing the wider community to actively participate in decision-making, potentially setting a precedent for decentralized trading platforms.

Coinbase and Binance announce support for Sui (SUI) token, but list it under the “Experimental” category, implying skepticism about its stability. SUI’s future depends on its performance amidst established cryptocurrencies. Investors should conduct thorough research before considering this asset.

Binance announces support for Terra Classic v2.0.1 and Kava 13 mainnet upgrades, resulting in suspension of LUNC, USTC, and KAVA deposits and withdrawals. The upgrades improve blockchain technology, security, and introduce new features while trading continues to function.

Kava’s native token, KAVA, has experienced a 40% increase in value ahead of the upcoming “Kava 13” mainnet upgrade on May 17. The upgrade aims to accelerate transactions and bolster security while launching a new bridge for asset transfers. However, early investors taking profits could lead to price corrections.

The Terra Classic DFLunc project has captured attention with its massive LUNC burn mechanism, deflating LUNC’s circulating supply. Over 57.8 billion tokens burned so far, outpacing Binance’s burn rate. The project’s DeFi protocol relies on multiple smart contracts and continuous burn, driving interest from the crypto community.

Terra Classic’s Proposal for v2.0.1 Upgrade has crossed the threshold limit, marking a significant LUNC blockchain upgrade. With 99.5% of votes in favor, it introduces critical features, including minimum initial deposit for governance proposals, Cosmos SDK and Tendermint updates, and improvements to code maintainability. However, former core developer Tobias “Zaradar” Anderson remains skeptical about the upgrade’s success.

Threshold Network and Wormhole have collaborated to enable smooth movement of tokenized bitcoin (tBTC) across nearly 20 blockchain ecosystems, aiming to make tBTC the leading bitcoin representative in on-chain DeFi. Wormhole’s bridging plan offers a fresh, secure approach, addressing centralization risks and fostering a more secure environment for bitcoin adoption.