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Telegram launches in-app browser supporting decentralized websites
The in-app browser is available on mobile and desktop, making Web3 “immediately” accessible to Telegram's 950 million users.
Crypto-friendly social messaging platform Telegram has launched a new in-app browser that supports decentralized websites.
The decentralized websites — called “TON Sites” — are now available on mobile and desktop, Telegram’s team said in a July 31 post.
“This makes Web3 immediately available to our almost one billion monthly users.”
“The Browser lets users switch between viewing websites and messaging, merging communication with news consumption,” Telegram’s CEO Pavel Durov noted in a July 31 post. Read More
Brands that don’t succeed in Web3 didn’t ‘jump into the water’
Qiibee CEO and founder Gabriele Giancola argued that brands must fully commit to Web3 to reap its benefits.
Qiibee founder and CEO Gabriele Giancola believes that brands that may have failed in their Web3 endeavours have not given it enough time or resources.
In a Cointelegraph interview, Giancola explained why some legacy Web2 brands do not succeed with their Web3 projects and how others get great results in their blockchain-based labors.
Businesses that fail were simply dipping their toes
On July 18, researchers argued that brands can enhance their loyalty programs using Web3 technology. A paper published by Polygon Labs, Google Cloud and Accenture argued that Web3’s experience-driven economy presents business opportunities. Read More
OpenEden launches tokenized T-Bills on XRP Ledger
Ripple invests $10 million in OpenEden’s tokenized T-bills initiative, marking a significant TradFi advancement on the XRPL.
OpenEden, a tokenization platform, has launched tokenized United States Treasury bills (T-bills) on the XRP Ledger (XRPL).
According to a Ripple press release, the platform’s TBILL tokens are backed by short-term US government T-bills and reverse repurchase agreements collateralized by US Treasurys.
Minters of the tokens will be subject to Know Your Customer (KYC) and Anti-Money Laundering (AML) screening to ensure security and regulatory compliance measures are maintained.
This marks the first time a traditional finance (TradFi) instrument has been made available on a decentralized platform. Read More
UK Central Bank, BIS Showcase Project for Monitoring Stablecoins
Pyxtrial includes features that allow supervisors to pull data directly from issuers' systems to verify on-chain liabilities for stablecoins.
A joint effort by the Bank for International Settlements and the Bank of England has shown it can deliver near real-time data on stablecoins’ liabilities and the assets backing them.
Dubbed Pyxtrial, the initiative could also extend to monitoring other tokenized products backed by real-world assets in an attempt to address major challenges for financial watchdogs, a report published on Wednesday reads.
Pyxtrial includes features that allow authorities to pull data directly from issuers' systems to verify on-chain liabilities.
It follows a tumultuous period of bygone years where stablecoin issuers have previously been called into question over the validity of the reserves they claim they have on hand to back their tokens. Read More
Solana Gains Momentum Defying All Odds. SOL Set For Serious Gains
Many altcoins have experienced significant declines exceeding 40% since March, yet a few have shown remarkable strength. Solana stands out as one of these resilient altcoins, prompting speculation about its potential for a bullish surge once the cryptocurrency market reaches a parabolic phase. In this article, we will explore Solana's recent developments and discuss the possibility of SOL reaching new heights in the upcoming months. Whether you are already invested in SOL or contemplating adding it to your portfolio, this information is essential reading.
Significant developments have unfolded in the brief span of three months since the last Solana update. Notably, Solana surpassed Ethereum regarding stablecoin trading volumes, a milestone achieved during a mini-surge in altcoins in March, and Solana was a vital driver of this trend. Notably, SOL’s value peaked just before the FTX estate revealed its plan to offer 41 million SOL tokens to investors at a substantial 68% discount, amounting to approximately $7.6 billion.
FTX completed its over-the-counter (OTC) sales in May, but a crucial aspect to consider is that these deals are tied to a four-year vesting period. This means that when the buyers eventually sell their SOL, they will likely face minimal albeit steady selling pressure. Read More
Celestia on pace to surpass Ethereum in data storage — Research
Celestia, a layer-1 data availability network, is poised to take the number one spot in onchain data storage from incumbent Ethereum, according to Blockworks Research.
Celestia has been steadily gaining market share from Ethereum since May, starting at around 20% and rising to approximately 40% as of July 31, according to the data.
Launched in 2023, Celestia describes itself as “a modular data availability network that makes it easy for anyone to securely launch their own blockchain.” Its emphasis on data availability puts it in competition with Ethereum, Web3’s leading settlement layer.
Ethereum’s Dencun upgrade in March introduced “blobs,” temporary offchain data stores designed to reduce costs for layer-2 scaling networks — such as Arbitrum and Base — by bypassing the need to post large volumes of data directly onchain. Read More
Study: Surge in Popularity of Liquid Restaking Token Protocols Driven by Growing User Trust
According to a Node Capital report liquid restaking token (LRT) protocols have seen a remarkable surge in popularity, eating into the total value locked (TVL) of other decentralized finance (defi) subsectors. After starting the year with a TVL of $164.3 million, LRTs’ locked value had grown to $13.812 billion by June 20, the report data shows.
The substantial TVL growth is said to underscore the “rapidly growing adoption and trust in LRTs within the DeFi ecosystem.” However, Ether.fi still dominates the LRT market, accounting for approximately 50% share, or $6.52 billion. Other key players in the LRT market include Renzo, Puffer, Kelp and others.
Commenting on the explosive growth of LRTs during a period when some liquid staking protocols saw significant ETH outflows, the report said:
“LRT protocols are positioning themselves as a superior alternative to Liquid Staking Tokens (LSTs) by abstracting away the complexities of connecting and operating multiple simultaneous restaking services. This simplification of complex processes allows users to potentially achieve higher returns compared to traditional staking or LSTs, while still maintaining control over their assets.” Read More
No TRX, no problem: Tron network wallet uses USDT for transaction fees
Gas fees in the Tron network normally require TRX tokens for transactions and account activation, this wallet aims to change that.
TokenPocket Wallet introduces a transfer solution and daily transfer subsidies to simplify transactions and account activation on the Tron network.
Gas fees, which cover the cost of data processing, are a fundamental part of blockchain transactions. On the Tron network, one of the most prominent blockchains with over $11 billion market cap, these fees are paid using the native Tron (TRX) token.
Tron supports a vast user base of over 275 million unique addresses. Consisting of crypto beginners, each of these addresses must pay gas fees in TRX for transactions. However, obtaining TRX can be challenging for newcomers. Activating a new Tron account also requires TRX, adding another layer of complexity and cost for new users.
The current situation underscores the need for a simpler, more accessible solution to make transactions and account activations easier for Tron users. Read More
Is the SEC Backing Off Solana? It's Complicated
The agency’s decision to put a pin in its arguments about Solana’s security status has some legal experts optimistic—and others skeptical.
Earlier this week, crypto advocates received what appeared to be a sigh of defeat from one of the industry’s chief antagonizers: The U.S. Securities and Exchange Commission (SEC) amended a complaint in its high-profile lawsuit against Binance to shelve allegations that Solana, Cardano, and Ethereum scaling network Polygon are unregistered securities.
Could it be that the SEC, which earlier this year caved on the security status of Ethereum, might be giving up on Solana as well? Could Solana ETFs—once unthinkable under the current administration—suddenly be on the horizon?
Legal experts who spoke to Decrypt caution: Don’t break out the champagne just yet.
To be clear, that doesn’t mean the SEC’s decision to put allegations against Solana on ice is insignificant, says J.W. Verret, a law professor at George Mason University. 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.
