x
Coinbase CEO Brian Armstrong Releases ‘On-Chain Score’ Platform for Crypto Wallets
Coinbase chief executive Brian Armstrong has rolled out a new “on-chain score” platform for crypto wallets.
Onchainscore.xyz assesses crypto wallets for “onchain-nativeness” on a 1-100 scale and provides information about the wallet’s activity history, token swaps, bridge transactions and the number of transactions on Ethereum (ETH) and the layer-2 scaling solution Base.
Armstrong shared results for his own wallet, which clocked an 83/100 and a 66 on the “Talent Protocol Builder Score.”
Onchainscore.xyz asks for Ox addresses currently but promises that Ethereum Name Service (ENS) and Basenames capability will be available soon.
In May, Armstrong argued that layer-2 scaling solutions like Base are facilitating an explosion of crypto use cases with lower fees and faster transaction times. Read More
State of Wyoming Pushing for Adoption of Its Own Dollar-Backed Stablecoin: Report
Wyoming is reportedly planning to soon launch its own stablecoin pegged to the US dollar in an effort to generate additional revenue.
CNBC reports that the state is hoping to roll out the so-called Wyoming stable token by the first quarter of 2025.
The token project aims to allow businesses and individuals to transact in a faster and cheaper way while also generating revenue for the state.
Wyoming Governor Mark Gordon says he will push for the adoption of a “transparent” stablecoin fully backed by the state’s short-term Treasury holdings.
“One of the big things for me is to be able to bring back onshore a lot of our debt because if it’s bought by treasuries and supported by Treasurys, it will help to stabilize that market to a degree…
[What] is clear to me is that digital assets are going to have a future. The United States has to address this issue. Washington’s being a little bit stodgy, which is why Wyoming, being a nimble and entrepreneurial state, can make a difference.” Read More
HashKey adds AVA and LINK trading for Hong Kong retail investors
Previously, Hong Kong crypto buyers worth less than $1 million only had Bitcoin and Ether to choose from.
Retail cryptocurrency investors in Hong Kong have expanded investment options with the approval of the listing of the Avalanche and Chainlink coins on Hashkey, one of only two fully licensed exchanges in the jurisdiction. Until now, retail offerings in Hong Kong were limited to Bitcoin and Ether.
Professional investors — individuals with a portfolio worth at least 8 million Hong Kong dollars (slightly more than $1 million) or representatives of financial institutions — have a much wider selection of cryptocurrencies to choose from.
Tokens free of legal conflict:
Avalanche and Chainlink are available to retail on Hashkey for trading against the US dollar. HashKey CEO Livio Weng told the South China Morning Post that those coins were chosen for listing because there are no legal conflicts surrounding them, unlike many cryptocurrencies with larger market caps.
AVAX is the native coin of the Avalanche network. It has a market cap of $9.3 billion, giving it a rank of 13th largest, according to the Cointelegraph price index. LINK, the coin of the Chainlink oracle network, ranks 16th at $6.9 billion. Read More
Solayer Secures $12 Million to Enhance Solana's Restaking Capabilities
According to the team, the funding round, which also saw participation from investors such as Hack VC, ABCDE, and Binance Labs, will support Solayer’s efforts to horizontally scale Solana by decentralizing the network’s bandwidth allocation.
This method intends to ensure a more resilient and censorship-resistant transaction process, a critical issue given Solana’s significant growth in user activity and transaction volume over the past year. Solayer’s integrated design contrasts with modular paradigms seen in other blockchain networks.
By focusing on a system that enhances both scalability and liveness, the project hopes to mitigate issues related to network congestion and transaction fees, which have surged alongside Solana’s user base. The company has already launched several key features, including a restaking vault and MEV-boost, with plans to roll out additional components over the coming months. Read More
The New Mini Blog Newsfeed Is Here At Markethive! A significant achievement unlocked, with many more to come
The Markethive Social Market Broadcasting Network is rapidly gaining prominence as a blockchain-based ecosystem that empowers entrepreneurs with a unique blend of uncensored expression and impartial dialogue, fostering a spirit of collaboration. This sets it apart from the often divisive and restrictive social media landscape.
At Markethive, your experience is our top priority. That's why we're recognized for our evolutionary and innovative ethos. We consistently broaden our decentralized, all-encompassing platform, creating a distinctive news feed interface that fully captures the user's experience.
We operate as an Inbound Marketing platform similar to Marketo and Paragon. The platform is comparable to popular platforms such as YouTube, Instagram, LinkedIn, and Twitter. However, we aim to surpass these traditional Web 2.0 media platforms with the upcoming release of Markethive 2.0, which includes various new features and an improved layout.
In contrast to traditional social media platforms, which rely on a single, primary news feed algorithmically set by the central authorities, Markethive's innovative approach will incorporate four distinct news feeds tailored to support the diverse range of features and functions within the Markethive ecosystem.
Markethive's feeds, including the Conglomerate or general newsfeed, video content, blogging, and curated content, are all about putting you in control. With advanced algorithms, you can tailor these feeds to your preferences, giving you the power to shape your Markethive experience. Markethive's reach is vast, as it consolidates the various features of other platforms into a single, unified system. Read More
Crypto.com, Standard Chartered partner for global fiat services
Crypto.com partners with Standard Chartered Bank to provide fiat currency services in over 90 countries, starting in the UAE.
Crypto.com, a cryptocurrency exchange based in Singapore, has launched new global retail services in partnership with Standard Chartered Bank to offer customers United States dollars, euro and United Arab Emirates dirham options.
According to information shared with Cointelegraph, the services will enable users in over 90 countries to deposit and withdraw the aforementioned fiat currencies via the Crypto.com app.
Speaking with Cointelegraph, Karl Mohan, global head of banking partnerships and general manager of MEA and APAC at Crypto.com, explained that the partnership is a “win-win situation.”
“This partnership with Standard Chartered Bank gives customers [...] confidence from a globally recognized and trusted brand. These partnerships increase trust in the industry and make transacting easier for customers.” Read More
Telegram-style ‘mini DApps’ come to Line with Kaia mainnet launch
Messaging app Line is set to get “mini DApps” with the launch of Kaia’s mainnet, following the likes of rival Telegram, which launched a similar feature in 2023.
Kaia, a layer-1 blockchain made by two of Asia’s top social messaging apps, has launched its mainnet, which will bring Telegram-like apps to the popular messaging platform Line.
The Ethereum Virtual Machine-based chain launched on Aug. 29 and will have “processing speeds of approximately one second” and “extremely low gas fees” to boot, the Kaia DLT Foundation claimed in a blog post.
Alongside the launch, the project unveiled Kaia Wave — a program for developers to create mini decentralized applications or “mini DApps,” that will work with the messaging app Line.
Kaia was formed after the February merger of the Finschia blockchain from Japan’s Line and the Klaytn blockchain from major South Korean social app maker Kakao.
The two apps are popular in Asia, with Kaia claiming they have a combined user base of over 250 million and users concentrated in South Korea, Japan, Taiwan, Thailand and Indonesia. Read More
AI data silos no more: Blockchain the Web3 tool to take back privacy
Consumers and companies are turning to AI-integrated products to help drive business and productivity, but what happens to all that data? Blockchain for AI gives users a choice.
Digital creators on Web2 platforms have spent years pumping out massive amounts of content. Now, with the advent of accessible artificial intelligence, these same individuals and companies have new tools to drive business and productivity.
But what goes in must come out — so what happens to all the data these users are feeding to AI?
The truth is that most users and companies don’t have a choice, nor are they aware of, how or where their data travels after it’s inputted into an artificial intelligence system.
However, a decentralized AI blockchain could potentially solve this problem, putting data and identity sovereignty in the spotlight. Industry insiders have been calling for “authentic data at scale” for AI and suggesting blockchain as the solution. Read More
Cybercapital Founder Justin Bons: L2s Are 'Parasitic' to Ethereum
Justin Bons, founder and CIO of Cybercapital, has warned about the pernicious effects that the growth of second-layer projects is having on the health of the Ethereum ecosystem. Bons explained there are several things he considers wrong about the decision to scale Ethereum with L2s instead of focusing on the main chain.
This focus has created several problems that have originated an underutilization of the main chain, pushing ETH inflation up, given that the fees burned cannot contain inflation because the activity is going to these projects.
Among these problems is the fragmentation of the liquidity of the L2 ecosystem in several isolated islands that cannot be connected yet. Also, Bons criticizes the value accumulation in these chains that are not as decentralized or safe as the base Ethereum chain, and that can serve to steal user funds and censor transactions.
Bons explained that now that these projects have grown and cultivated value on their own, it is virtually impossible to fix scaling at the base chain because it would disarm all the value accrued by these projects. This, in consequence, would affect users holding these tokens too. 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.
Featured Image Source: Pixabay
