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Safe’s Safenet wants to bring Visa-like payments network to crypto
Safenet aims to be a layer connecting existing blockchains and allowing users to interact with any chain through a single account.
Multisignature wallet and digital assets platform Safe is gearing up to launch a blockchain transaction processor network next year, allowing instant crosschain payments before funds leave a user’s account.
Safe co-founder Lukas Schor told Cointelegraph at Devcon last month that its decentralized transaction processor network, Safenet — announced on Dec. 3 — took inspiration from VisaNet, the payment network powering Visa.
VisaNet offers worldwide payment processing, allowing instant transactions with a payment guarantee for the merchant until the funds go through a series of checks and are sent days later.
“We want the same experience in crypto as well, with the same speed, so we don’t want to wait for transactions even to be mined,” Schor said. “When you do crosschain, it just takes too long. We want to scale that.”
According to Schor, Safenet is not a blockchain, but a connecting layer for existing networks that allows users to interact with any blockchain through a single account.
Schor said the network is powered by processors, and at its slated launch in the first quarter of 2025, there will be one processor supporting crosschain accounts and liquidity functions. Read More
Democratizing access to DeFi and RWAs: X Spaces recap with Primex Finance
Primex Finance founders shared how they democratize access to DeFi and RWAs through their leverage trading and yield farming platform.
“The shortest way to describe Primex Finance is that it is a leverage trading and leverage farming platform that has capabilities similar to CEXs, but in a fully decentralized manner,“ described the project VP of Growth Dmitry Tolok. He and his co-founder Vlad Kostanda discussed the features and future developments of the Primex Finance project during the recent Cointelegraph X Spaces.
Connecting traders and lenders:
A non-custodial prime brokerage protocol, Primex Finance was created by a team of professionals who previously worked with Polkadot, Cosmos, and various DeFi protocols. Originally based in Ukraine, it attracted the attention of foreign investors such as Stratos and CoinFund before building a local community. The platform now boasts an international user base of one million.
Currently deployed on Polygon, Arbitrum and Ethereum, the team has plans to expand to other chains, such as Base and BNB Chain, to provide users with diverse leverage farming opportunities, as user demand plays a significant role in Primex Finance’s decisions.
“There are also some chain assets that people specifically want to enter,“ Kostanda said, “such as Avalanche and its LST protocols.“ Tolok added: “Purely from a technology perspective, I expect a lot of innovation from next-generation EVM-compatible chains like Monad. They will make transactions much faster and cheaper for the user, which is really important for the trading use case.“ Read More
PancakeSwap introduces no-code token creation platform on BNB Chain
PancakeSwap’s head chef, Chef Kids, told Cointelegraph that SpringBoard is an ecosystem rather than a platform to launch tokens.
Decentralized exchange (DEX) PancakeSwap unveiled a feature enabling users to create and launch crypto tokens without coding expertise.
The platform, named PancakeSwap SpringBoard, launched on Dec. 4 and allows users to launch tokens directly on the BNB Chain.
In a statement sent to Cointelegraph, PancakeSwap described the platform as a no-code token creation tool with zero launch fees and a “fair launch” mechanism. This mechanism ensures transparent token distribution without pre-sales or seed funding rounds.
PancakeSwap said the SpringBoard platform aligns with its mission to advance decentralized finance (DeFi). It added that the move fosters inclusivity by lowering the barriers to launching tokens. Read More
First 'Web3 Laptop' Promises Cold Storage Wallet and Token Airdrop
Metavisio announced its upcoming web3 laptop, which is set to be strapped with a cold storage wallet and power a future token airdrop.
European computer company Metavisio will be offering what it is calling the world’s first web3 laptop with built-in cold storage crypto wallet along with other features—but it's yet to have a name. The company plans to release three tiers of the laptop, the company said, all serving slightly different functions.
Metavisio added laptop users will be rewarded with a future token airdrop.
The laptops, created by Metavisio’s daughter company Thomson Computing, are yet to have their specifications nailed down. All that has been confirmed is that it will have a “secure enclave chipset,” a security measure that Apple has adopted. Read More
Exploring The IndoEx Cryptocurrency Exchange The First Trading Platform To List The Markethive Token - Hivecoin
The IndoEx exchange aims to cater to a broad spectrum of investors, including newcomers, seasoned traders, and institutional investors, rather than focusing on a specific target audience like most crypto trading platforms. The platform's primary objective is to offer a robust and efficient infrastructure that enables seamless and rapid transactions of crypto assets.
As the IndoEx trading platform is the first crypto exchange to list Hivecoin, this article delves deeper into the platform, exploring it further to bring awareness to the Markethive community. Since its establishment in 2019, IndoEx has gained prominence in the alternative cryptocurrency trading sector due to its reasonable commissions, secure wallets, high trading volume, and fast transactions.
The trading platform, with offices in the United Kingdom and Estonia, provides close to 300 trading pairs, can be used in 150 different countries, and supports a range of cryptocurrencies, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and Ripple (XRP), as well as notable alternative coins like DASH, Chainlink (LINK), and Solana (SOL). Furthermore, it accommodates less mainstream coins and tokens like NEO, Cardano (ADA), and EOS, amounting to 180 cryptocurrencies. Users can exchange these coins for traditional currency or trade them with one another.
The platform provides users exclusive access to newly launched tokens through airdrops, giving them a head start in discovering and acquiring new tokens with the potential for long-term growth. Beyond trading, users can also benefit from receiving free tokens that may significantly impact the global market. Furthermore, the platform hosts trading contests and an initial coin offering (ICO) launchpad, offering crypto enthusiasts a comprehensive suite of features. Read More
NFTs are not dead, they’re evolving: Hashing It Out podcast
NFTs may have died down, but RARI Foundation’s Jana Bertram is bullish on their evolution, according to her analysis of the industry in the latest episode of the Hashing It Out podcast.
In episode 65 of the Hashing It Out podcast, Jana Bertram, Head of Strategy at RARI Foundation, explores the state of non-fungible tokens (NFTs) and their future. Speaking to host Elisha Owusu Akyaw, Bertram acknowledged the decline in NFT trading volumes but argued the technology remains significant.
Bertram explained that the NFT bull market, which brought widespread attention to digital collectibles, is likely to return in a different form.
“The NFT bull cycle already happened," she said, adding that while the hype has diminished, NFTs are still crucial for empowering creators and enabling innovative use cases, such as real-world asset tokenization.
One of the key challenges still plaguing the NFT space, as highlighted by Bertram, is the debate over royalties. Some NFT marketplaces have made royalties optional in recent years, significantly impacting creators’ earnings.
Bertram noted this shift has forced the industry to reconsider how to balance creators’ rights with market dynamics. Read More
Fireblocks unveils Uniswap and Aave compatibility improvements
Aside from privacy concerns, complexity and poor user interface remain the biggest barriers to entry for institutions entering Web3.
Enterprise-grade digital asset platform Fireblocks announced Fireblocks Swaps and Fireblocks Token Allowance Manager — two new features that will enhance compatibility with decentralized finance (DeFi) platforms like Uniswap and Aave.
According to Fireblocks, the Fireblocks Swaps feature will allow users to access liquidity from the Uniswap API directly within the Fireblocks console.
The Fireblocks Token Allowance Manager allows clients to manage balances across wallets, giving users the option to revoke malicious smart contracts on Ethereum.
Both features eliminate the need to manage external accounts, thereby simplifying the process of decentralized exchange trading and access to DeFi protocols for institutional clients. Read More
What is Hadron? Exploring Tether’s asset tokenization platform
Asset tokenization turns tangible assets like stocks, commodities or real estate into digital tokens on a blockchain. These tokens represent ownership or rights to underlying assets, facilitating easier division and transfer.
Fractional ownership enables you to purchase and trade parts of expensive assets, like real estate, artwork or luxury items, without buying the whole asset. For example, you may acquire shares of a vacation home or resort rather than purchasing the whole property, which might be more than you can afford.
The advantages of asset tokenization include increased liquidity as tokenization facilitates 24/7 trading of underlying assets, better transparency due to blockchain’s immutable ledger, better accessibility thanks to fractional ownership, and more efficiency in asset management and transfer procedures.
These advancements in financial technology resonate with the BRICS proposal to reform the International Monetary Fund’s Special Drawing Rights (SDR), highlighting a growing global interest in rethinking traditional financial structures. This proposal has sparked interest in commodity- and fiat-backed baskets as potential alternatives. BRICS (Brazil, Russia, India, China, South Africa) is an intergovernmental organization headquartered in Shanghai, China.
Asset tokenization challenges include managing different regulatory frameworks, maintaining security and building market trust. Platforms like Hadron by Tether combine blockchain-based transparency, strong compliance controls and intuitive procedures to address these problems. Read More
Here’s why users should keep data on DePIN devices instead of cloud services
This DePIN device, coupled with a blockchain protocol, offers enhanced privacy, scalability and user control by decentralizing data storage.
Like it or not, the modern world is fueled by data. From best-kept personal memories to crucial business communication, people’s daily lives revolve around the constant exchange of information. This level of digital dependency has turned data into a commodity while also making it the backbone of modern society.
But here’s the rub: Most data flows through centralized — or Web2 — cloud services. These giants hold the keys to their digital kingdoms, controlling access, pricing and even the security of users’ personal information. This creates a major bottleneck —especially for everyday users, who find themselves with limited control, higher costs and increased vulnerability to data breaches. Almost half of the tech industry recognizes data privacy and security as the most concerning issue.
That’s where decentralized physical infrastructures (DePINs) come into play. Born out of blockchain technology, DePINs offer a new way to handle data and infrastructure. They decentralize the physical hardware needed for data storage and processing, distributing it across a network of users rather than housing it in massive, centralized data centers. 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
