x
Image Source: Pixabay
Aave protocol’s GHO stablecoin now live on Arbitrum
The deployment of the GHO stablecoin on the Ethereum layer-2 network will leverage Chainlink's CCIP interoperability protocol.
After a vote by the Aave Decentralized Autonomous Organization (DAO), a member-controlled community that proposes and manages changes to the lending protocol, the GHO stablecoin has been deployed on the Arbitrum network.
Aave’s DAO also plans to launch the GHO stablecoin on multiple networks over time but chose to deploy GHO on Arbitrum to take advantage of the layer-2 network’s low transaction costs and increased throughput.
The decision to roll out the stablecoin to additional networks in phases was based on security and risk management factors. This allowed the DAO to test the waters before expanding GHO’s presence to other blockchain ecosystems. Read More
VC Roundup: Blockchain-AI startups grab investors’ attention
This edition of Cointelegraph’s VC Roundup features Lombard, Redacted, RedStone, Covalente, and more.
The intersection of artificial intelligence and blockchain seems to be a growing focus for venture capitalists and innovators worldwide. Companies developing solutions based on these technologies disclosed substantial capital raises in June, many of them seed rounds.
One of these protocols is Sentient, which raised $85 million in funding to develop an open-source artificial intelligence platform. The round was led by Peter Thiel’s Founders Fund, Pantera Capital, and Framework Ventures.
The startup is an AI research organization that wants to enable developers to monetize their open-source models and data, similar to other ecosystems such as the Super Intelligence Alliance.
Another startup, ORA, also uses AI models and blockchain to generate revenue for developers. In early June, the protocol raised $20 million from Polychain, HF0 and Hashkey Capital. It is working on a mechanism that will entitle anyone who buys a token to own and share revenue generated by an AI model.
“I am particularly excited about opportunities at the convergence of AI and Crypto, although even that distinction will sound dated in a few years,” Pantera Capital’s portfolio manager Cosmo Jiang told Cointelegraph. Read More
South Korean Crypto Exchanges Set Guidelines to Address Mass Delisting Fears
South Korean crypto exchanges, under the Digital Asset Exchange Alliance (DAXA), have unveiled new guidelines seeking to avert mass delistings ahead of upcoming legislation aimed at curbing market manipulation.
The guidelines standardize criteria for supporting and terminating digital asset trading on exchange platforms, DAXA said in a statement on Tuesday.
Some 1,333 existing digital assets will be reviewed over six months to ensure a systematic approach, the alliance said. DAXA, a consortium of major South Korean cryptocurrency exchanges, said it will collaborate with financial authorities and experts in a bid to refine their standards.
The hope is that further transparency will lead to greater compliance, reducing the risk of assets being pulled from exchanges. Read More
Latam Insights Encore: The Bolivian Opportunity for Crypto After Its Unbanning
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the central bank unbanned it from its financial system and how the citizens might leverage these new tools to alleviate the deficiencies of traditional finance institutions and tools in the country.
Bolivia, one of the more modest economies of the Latam region, recently opened the doors to the cryptocurrency industry, vacating a resolution that forbade traditional financial institutions to intermediate payments linked to cryptocurrency activities. The event, reported by Bitcoin News last week, marks the entry of Bitcoin and crypto to one of the last bastions denying its relevance in Latam. Read More
A New Wave Of Customer Acquisition Coming To Markethive
Implementing a customer acquisition strategy is vital for any business looking to expand its customer base and foster long-term relationships with potential clients. This process involves attracting and nurturing leads until they are ready to purchase and ultimately converting them into loyal customers. A well-defined customer acquisition strategy helps businesses attract suitable leads and increases their chances of long-term retention.
This article delves into the significance of customer acquisition, its purpose, and practical strategies for achieving it. However, what sets it apart is the exploration of Markethive's role as a customer acquisition channel. Markethive is not just a platform; it's a specialist that helps businesses accomplish this crucial objective. Businesses can significantly enhance their customer acquisition efforts by understanding and utilizing Markethive's unique features.
Customer acquisition is a cornerstone of business success. It's the process of attracting and converting potential customers into loyal clients. But its importance goes beyond that. Customer acquisition is about expanding your customer base, boosting revenue, and building a robust brand reputation. You can grow your business and establish a steady income stream by acquiring new customers. Moreover, satisfied customers can become brand advocates, spreading positive word-of-mouth and attracting more customers. In essence, customer acquisition is a key driver of long-term business success. Read More
Sony Group Planning Launch of Crypto Exchange With Acquisition of Amber Japan: Report
Japanese conglomerate and consumer electronics giant Sony Group is reportedly preparing to unveil a crypto exchange platform in its home country.
Blockchain reported Colin Wu says that Sony Group has purchased Amber Japan, the Japanese subsidiary of the digital asset firm Amber Group.
“Singapore market maker Amber Group acquired Japan’s regulated cryptocurrency trading platform DeCurret in early 2022 and changed its name to Amber Japan.
Later, due to the collapse of FTX, Amber Group fell into trouble and was suspected of a complete debt-to-equity transaction with Fenbushi. Amber Group investors include Temasek, Sequoia China, Pantera, Tiger, Coinbase, etc.” Read More
Developing in Web 3.0 Is on the Cusp of a Breakthrough
What does a utopia for Web 3.0 look like? Understanding and addressing developers’ pain points is essential – not just for individual projects but for the entire, ever-evolving Web 3.0 landscape.
Much like how Web 2.0 visionaries turned the digital era from an unknown frontier into a global norm, Web 3.0 is on a similar transformative journey.
By fostering an environment that supports builders and innovators, we can unlock the full potential of decentralized technologies and drive forward the next digital revolution.
Web 3.0 will not succeed until we understand and solve the challenges:
Onboarding to Web 3.0 is complex. Developers face a steep learning curve – not only in coming to terms with complex technology from the whole Web 3.0 ecosystem, but also in having numerous protocols to choose from, each with unique offerings. Read More
How to choose a crypto exchange: Cryptopedia with Phemex
Navigating the landscape of crypto exchanges can be daunting, with potential scams and unreliable services hiding in plain sight. For a safe and successful trading experience, careful research is crucial. To help you choose the right crypto exchange, here are some key tips.
Choosing the right crypto exchange is essential for secure and successful trading. Through careful research, you can avoid scams and unreliable platforms, as well as find exchanges with strong security measures, lower fees and user-friendly features. It allows you to make investment choices that match your goals and risk tolerance.
Here are the key characteristics to consider when choosing a crypto exchange. Read More
'Notcoin' Launches Accelerator to Boost Next Wave of Telegram Crypto Games
With the help of AI-powered analytics firm Helika, Notcoin aims to further boost the exploding ecosystem of crypto-backed Telegram games.
Telegram-based game Notcoin announced that it has partnered with a prominent analytics firm to establish an incubator for the next wave of Telegram games, in the project’s biggest move yet to expand from a viral sensation into a pillar of the exploding ecosystem of crypto-backed mini apps.
With the support of Helika, an AI-powered analytics firm, Notcoin will soon launch a Telegram Gaming Accelerator, both companies said on Wednesday.
“This is a major milestone for Helika to support our current and future customers building on Telegram,” Helika co-founder and CEO Anton Umnov said in a statement shared with Decrypt. “Helika sees a massive opportunity for game studios of all sizes to capitalize on global user acquisition and engage with their users at a deeper level.” 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.
