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Solana Will Get Support for Worldcoin’s World ID
Wormhole will tap Solana-based protocols to verify user’s Worldcoin World IDs that were originally verified on Ethereum.
Worldcoin’s World ID is set to expand to the Solana ecosystem, after Wormhole Labs received approximately $70,000 in funding from the Worldcoin Foundation.
Sam Altman’s Worldcoin was all the rage last summer, as the project’s co-founder claimed that people were enrolling every eight seconds on average. In an attempt to push the project back into the public consciousness, the Worldcoin Foundation launched a grants program, which set aside over $830,000 worth of WLD tokens to fund projects.
One of those projects is the cross-chain protocol Wormhole, which intends to bring Worldcoin’s World ID to the Solana blockchain. Read More
Bitcoin 'wholecoiners' hold above 1 million mark for 13 months
The number of Bitcoin wholecoiners tends to rise and fall with the crypto market’s ebbs and flows, but it has stayed above 1 million for over a year now.
The number of Bitcoin “whole-coiners" — a name given to addresses holding one or more Bitcoin — has remained above 1 million for the last 13 months.
The one million “wholecoiner” milestone was first reached on May 13, 2023, when Bitcoin was trading at just $27,000, according to data from Glassnode.
This number of wholecoiner wallet addresses reached an all-time high on Jan. 1 this year, with just over 1,024,000 wallets holding one or more Bitcoin, according to Glassnode.
Today, despite Bitcoin’s price rocketing to double that in May 2023, the number of wallet addresses holding one Bitcoin or more stands at 1,010,800. Read More
Telegram Game Notcoin Teases 'Fresh Start' as It Gives Out Millions in NOT
After kick-starting the Telegram gaming trend, Notcoin is hinting at its next moves—and something to do with TON project Lost Dogs Co.
Viral Telegram game Notcoin has teased a “fresh start” amid a campaign that will see approximately $8 million worth of NOT tokens either burned or given out to the community.
The tap-to-earn game captured the attention of over 35 million players, who furiously tapped their screens to collect digital tokens earlier this year. These coins were later converted to NOT tokens in the largest crypto gaming token launch of 2024 so far.
Notcoin’s success was largely tied to the looming possibility of an airdrop, but now with that out of the way, the game is finding new ways to keep players engaged. In turn, the developers have started to burn NOT tokens to trim the supply and reward players as well, all while teasing some kind of “fresh start.” Read More
Elmnts Emerges From Stealth With Plans to Launch Commodity Tokenization Platform
According to the website, Elmnts, pronounced as “elements,” derives its inspiration from the periodic table, viewing its services as essential components of a diversified investment portfolio. Leveraging the Solana blockchain, known for its swift, cross-border transactions and minimal fees, Elmnts aims to transform how investors access and interact with commodity markets.
The initial beta RWA platform launch will provide registered users with exclusive access to invest in oil and gas royalties, with plans to include additional commodities in the following months. The Elmnts team comprises co-founders Erich Schmidt (COO), Odai Ammar (CEO), Elias Moreno (CTO), and James Pacheco (CPO), along with developer Leonardo Galante.
The tokenization of real-world assets has gained popularity due to its ability to increase liquidity, lower costs, and democratize access to traditionally illiquid investments. Read More
2024 Updates On Solana Network, SOL Price Potential, and The Markethive Community Wins
With Bitcoin's record-breaking surge, the crypto community is abuzz with anticipation for the next altcoin to make a significant leap. And all signs are pointing to SOL. Solana has shown remarkable resilience recently and is on the cusp of achieving significant milestones that could trigger a substantial price surge. This growth potential is an exciting prospect for cryptocurrency enthusiasts and investors.
SOL, a native cryptocurrency of the Solana blockchain, holds immense potential. It covers costs on the Solana network through burning and can be deposited as a stake to operate a blockchain node. SOL tokens are not just for trading and peer-to-peer transactions but also as rewards for staking SOL. Since its introduction to the market in March 2020, it has gained significant popularity, being recognized as one of the top ten cryptocurrencies on CoinMarketCap. With a market capitalization of $61.9 billion and 618,596 SOL tokens in circulation, SOL is poised for a promising future.
As valued members of the Markethive community, we've been at the forefront of Solana's journey, given that our own Hivecoin operates on the Solana blockchain. This previous article from 2022 provides an overview of Solana, highlighting its blockchain's suitability for supporting Markethive's decentralized ecosystem. In this update, I will discuss Solana's recent developments, explore SOL's potential growth, and identify the key factors that could drive its value higher, emphasizing Solana’s crucial role in the Markethive community in this exciting journey. Read More
Chainlink Data Streams Activate on Avalanche Blockchain With GMX Integration
In communications shared with Bitcoin.com News by the three teams, the announcement notes that Chainlink Data Streams harnesses low-latency market data to facilitate rapid and secure transactions on decentralized finance (defi) platforms. By enabling high-throughput transactions, the collaboration between the trio aims to match the performance of traditional centralized exchanges.
The three teams detailed that the integration with GMX is poised to improve trading speeds and efficiency, and leveraging Chainlink‘s infrastructure aims to ensure secure and continuous market data delivery. GMX, which utilizes this new tool on its V2 platform, reported enhanced trading capabilities and overall system strength.
The technology is expected to bolster the Avalanche network by providing developers and traders with improved data access and execution speeds. Read More
Cleanspark Acquires Griid in $155 Million All-Stock Deal to Boost BTC Mining Operations
The acquisition, first reported on by theminermag.com, which includes the assumption of debt, brings 20 megawatts (MW) of additional hosting capacity to Cleanspark immediately upon closing. Cleanspark‘s CEO, Zack Bradford, stated that this merger is poised to substantially increase their operational capacity. Bradford expects to surpass 100 MW in Tennessee by the end of this year, with plans to reach 200 megawatts by 2025 and over 400 megawatts by 2026.
This deal represents the latest in a series of consolidations within the bitcoin mining industry, as companies seek to leverage scale to maintain competitiveness and profitability. The merger also follows a tumultuous week for Griid, whose stock prices fluctuated dramatically. The mining publication also reported on Thursday that stock exchanges halted trading of Griid’s shares, GRDI. Read More
Coinbase Sues SEC, FDIC in Scathing Lawsuit Over Alleged Attempts To ‘Cripple’ Crypto
The largest US-based crypto exchange by trading volume is taking on two of the country’s top financial regulators in a new lawsuit.
In a lawsuit filed in Washington D.C. today, Coinbase accuses the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) of attempting to “cripple” the crypto industry.
“For years, the SEC has refused to articulate a consistent or coherent view on the securities laws’ application to digital assets.
The agency’s latest position—that it has sweeping authority over the vibrant and rapidly expanding digital asset industry—has no basis in the securities laws and has never coherently been explained by the agency. Instead, the SEC has waged a scorched-earth enforcement war on digital-asset firms that, in conjunction with efforts by other financial regulators to de-bank crypto firms, is designed to cripple the digital-asset industry.”
In the suit, Coinbase describes the SEC’s classification of certain cryptos as securities as “inapt.” Read More
The purpose and functionality of exchange coins and tokens
While the terms “token” and “coin” are often used interchangeably, the truth is their exact use cases differ slightly.
It all comes down to whether a cryptocurrency is the native coin of a blockchain or is built upon it according to a preset token standard.
For example, BNB is the native cryptocurrency of the BNB Smart Chain, which is the blockchain that powers the Binance exchange. As the exchange coin is native to the network and used to pay gas fees, it should be correctly classified as an “exchange coin.”
Then, there’s the KuCoin Token (KCS), the exchange “coin” of the KuCoin exchange. As KCS is actually an ERC-20 token running on Ethereum, it should be correctly defined as an “exchange token.”
Later in a project’s life cycle, the project’s team may develop its own blockchain and migrate its existing exchange token to the native network. For example, the Crypto.com exchange coin Cronos (CRO) started out as an ERC-20 token on Ethereum. However, in November 2021, the project migrated the token to the Cronos blockchain, where it now serves as a native coin. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
