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Alameda-Funded Ren Tells Users to ‘Bridge Back to Native Chains’ as It Sunsets 1.0 Platform
8.12.2022
According to the team behind the open protocol Ren, developers are winding down the Ren 1.0 network following the FTX and Alameda Research collapse. Last year, under previous Ren leadership, Alameda acquired Ren and was funding development every quarter. On Dec. 7, 2022, Ren developers warned...
Strike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa
7.12.2022
United States-based users of Strike, a digital payments platform built on Bitcoin’s Lightning Network, can now transfer funds instantly and at a low cost to Kenya, Ghana, and Nigeria via the recently added new feature known as “Send Globally.” The new feature instantly converts...
Avalanche attempts to cross its long-term support of $13.35!
7.12.2022
Avalanche blockchain architecture and its use of X-Chain, P-Chain, and C-Chain has not only reduced unnecessary loads on each blockchain but resulted in a positive turnaround of the returns. The capability of processing 6500 transactions per second cannot be easily rivaled by any of the smart...
Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report
7.12.2022
Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged 7.8% in 2022, is the “most severely exposed...
Cross-chain giants to watch closely in this next crypto cycle
6.12.2022
Innovation of Web3 technology continues to proliferate. During the last bull market (starting just before DeFi Summer 2020), a significant number of projects with novel applications emerged, receiving the attention of venture capital’s attention and wider community support. Technology...
Strike partners with Bitnob to facilitate cross-border payments into Africa
6.12.2022
On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to the Lightning Network on Bitcoin
Will Bitcoin SV (BSV) Cross the $50 mark in December?
5.12.2022
Bitcoin Satoshi Vision or Bitcoin SV is a popular cryptocurrency that closely aligns with the vision of Bitcoin creator Satoshi Nakamoto. At the time of writing this post, the BSV price is trading around $42.39 above the Bollinger Band’s baseline. Last month, it formed the yearly low of around...
Betting on a Decentralized, Cross-Chain Crypto Future
5.12.2022
The 26-year-old president of Jump Crypto heads a DeFi juggernaut that’s building key infrastructure and cross-chain bridges, and investing in layer1 blockchains. For running on all cylinders in a year of crypto reckoning, Kanav Kariya is one of CoinDesk’s Most Influential 2022
Will Zcash (ZEC) Cross $50 before this December?
1.12.2022
Zcash has developed on the Bitcoin codebase but offers enhanced security and privacy for the users. It is one of the leading privacy-centric cryptocurrencies that have great potential to provide a better return in the long term. At the time of writing this post, Zcash is trading around $43.13...
National Bank of Ukraine Unveils E-hryvnia Concept
1.12.2022
The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s...
Blockchain Protocol Komodo Offering Three-In-One Wallet, Cross-Chain Bridge and DEX
30.11.2022
AtomicDEX Web can be accessed through any internet browser
Illicit cross-chain transfers expected to grow to $10B: Here's how to prevent them
30.11.2022
Forecasts predict cryptocurrency criminals laundering more than $10 billion through cross-chain bridges by 2025, leading to calls for holistic screening solutions
National Bank of Ukraine is Looking at CBDCs for Retail Payments, Cross-Border Transactions, and Crypto Trading
30.11.2022
Ukraine is continuing the work on its digital hryvnia, or e-hryvnia, despite the ongoing aggression by Russia.
The National Bank of Ukraine (NBU) introduced a draft concept for its central bank digital currency (CBDC) on Monday this week. The statement said that the key purpose of e-hryvnia is...
Putin Calls for International Settlements Based on Blockchain and Digital Currencies
27.11.2022
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.” Russia’s...
Hong Kong Preparing to Join Digital Yuan Pilot, Extend ‘Cross-border’ Reach
23.11.2022
Mainland China and Hong Kong are set to co-launch the digital yuan’s first cross-border pilot project – as the People’s Bank of China (PBoC)-led project edges ever-closer to roll out.
According to Shanghai Securities News, Howard Lee, the Deputy Chief Executive of the Hong Kong Monetary Authority...
EverRise develops cross-chain NFT staking lab
21.11.2022
EverRise, a blockchain technology company, developed an NFT staking lab to allow its holders to build on-chain staking contracts. These contracts would connect to another five blockchains. This new development allows users to connect their staked assets over multiple chains and get the maximum...
Cross-Chain Bridges: What Are They & How Do They Enable Blockchain Interoperability?
19.11.2022
Over the last few years, numerous new smart contract-enabled public blockchains have come online, creating the need for cross-chain interoperability in the crypto space. As it stands, developers in the space are working hard to build out cross-chain architecture that facilitates communication...
Banks still show interest in digital assets and DeFi amid market chaos
18.11.2022
Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions
Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions
17.11.2022
Both facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including cryptocurrencies, a Kremlin advisor has unveiled in Havana. Moscow is already developing a mechanism for crypto settlements to circumvent financial restrictions imposed over its invasion...
Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days
16.11.2022
Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the last 36 days. The total value locked (TVL) in defi...