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Crypto needs to remove friction for the next billion users: Coinbase
Consumer apps could be another pathway toward mass crypto adoption, according to Coinbase’s senior director of engineering.
Bringing the first billion mainstream cryptocurrency adopters on the blockchain will first require more beginner-friendly applications.
The current user onboarding process is complicated and riddled with friction points, which is the main issue for mass crypto adoption, according to Chintan Turakhia, senior director of engineering at Coinbase.
Speaking exclusively to Cointelegraph at EthCC, Turakhia said:
“If our goal is to bring in the next billion users — and let’s start with just 100 million — we have to take all those friction points out.”
Some of the most pressing friction points include setting up a wallet with a complicated seed phase, paying transaction fees and buying blockchain-native tokens to transact on a network. Read More
CARV's infrastructure-first approach: Building for long-term Web3 gaming success
CARV, a project building a comprehensive ecosystem for data ownership and monetization in gaming, aims to become the one-stop-shop for Web3 gaming exposure, providing a diverse user experience across the evolving landscape.
“We want CARV to be leveraged as an ETF for gaming,” declared Victor Yu, co-founder and COO of CARV, when discussing the project during Cointelegraph’s recent AMA.
As a modular data layer for AI and gaming, CARV is building a comprehensive ecosystem for data ownership and monetization within the industry. The team, which includes professionals from Electronic Arts, Arena, and Tencent Games, raised a $10 million Series A round led by Tribe Capital and IOSG Ventures in the spring of 2024.
CARV has a number of notable features and upcoming developments, which Yu discussed during the AMA with CARV’s head of business development, Paul Delio. Read More
Elliptic exposes $11B scam network via Huione Guarantee
Elliptic’s report reveals how the Huione Guarantee marketplace facilitated massive money laundering and cyber scams using Tether transactions.
Huione Guarantee, an online marketplace run by the Cambodian conglomerate Huione Group, has been implicated in facilitating online scams in Southeast Asia.
According to the latest Elliptic Research report, the platform engaged in transactions surpassing $11 billion, a substantial portion linked to money laundering and cyber scams.
Speaking with Cointelegraph, Tom Robinson, co-founder and chief scientist at Elliptic, explained that the team could “quantify” the cryptocurrency transactions due to “the transparency of the blockchain.”
“This aspect, of course, also means that these crypto transactions can be tracked and blocked in a way that is not possible with other payments.” Read More
GoMining Unwrapped: How Mining BTC with NFTs Works
GoMining is a rare example of a Bitcoin mining industry insider that goes against the trend of decreasing accessibility of mining operations for smaller players like individual miners and crypto enthusiasts. While operating nine top-notch data centers around the globe, the company has introduced a unique vision of hashrate tokenization to significantly boost BTC mining adoption and lower the industry’s entry thresholds for everyone. Today, we will take a deeper look at the GoMining platform and how it works.
GoMining is a well-known brand for those familiar with the mining industry, having operated in the market for over seven years. During this time, GoMining has grown into one of the biggest brands in the field, building a solid infrastructure of numerous data centers with a total power capacity of 350 MW, strategically located around the world.
These substantial computing resources form a sustainable foundation for the Liquid Bitcoin Hashrate (LBH) protocol—an innovative vision introduced by GoMining to tokenize its massive computing power output, making it tradable, shareable, and scalable. Their primary product—digital miners, which are branded NFTs backed by shares of real Bitcoin mining power—represents a significant step towards a simpler and more efficient approach to BTC mining for individuals. 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. Read More
Asia, Africa see rise in share of crypto startups this year, says accelerator
Researchers compiling the data believe the changes were due to regulatory uncertainties in the US and increased crypto adoption in emerging markets.
The share of cryptocurrency startups launching in Africa and Asia increased to their highest levels ever in the first half of 2024, snatching share from the United States and Canada amid recent regulatory uncertainty.
According to a July 10 X article by blockchain startup accelerator and founder community Alliance, Europe overtook the US and Canada as the leading place for new cryptocurrency startups in H1, making up a 31.4% share, while Asia came third place with a 26.8% share.
Alliance DAO’s Qiao Wang and “Chloexyg" believe the trend could be due to regulatory uncertainties in the US and digital asset applications seeing more adoption in emerging markets. Read More
Electric Capital Unveils New Tool to Map Crypto's Expanding Ecosystem
Electric Capital said the map is a community-driven tool designed to help make more informed decisions on the industry's expansive projects.
Venture capital firm Electric Capital has launched a new tool attempting to provide a detailed overview of the complex crypto ecosystem.
Dubbed the Crypto Market Map, the tool categorizes projects into six technological layers, ranging from core infrastructure to end-user applications.
The map tracks over 1,500 projects, offering a structured visualization of the sector's framework.
The tool could assist stakeholders in navigating the industry's growing complexities by helping users understand and make more informed decisions, according to the firm.
According to Electric Capital, the six tech layers are Core Infrastructure, Scaling, Interoperability, Developer Tools and Services, Protocols, and Applications. Read More
Inside Lugano’s crypto revolution — A documentary
Bitcoin journalist Joe Hall tests Lugano, Switzerland, to see if it truly merits the title of the world’s most crypto-friendly town.
Bitcoin journalist Joe Hall recently visited Lugano, a Swiss city at the forefront of cryptocurrency payments. Known for its progressive embrace of digital currencies, Lugano has become a leading hub for Bitcoin transactions in recent years. Hall explored the city’s Bitcoin School, which educates the public on blockchain technology and cryptocurrency use, highlighting Lugano’s commitment to fostering a crypto-friendly environment.
During his visit, Hall interviewed industry giants like Adam Back, CEO of Blockstream, and Paolo Ardoino, CEO of Tether. These conversations provided insights into Bitcoin’s future and emphasized Lugano’s role as a center for crypto innovation.
A major focus of Hall’s trip was to investigate whether it is truly possible to survive in Lugano using only Bitcoin. He tested the practicality of Bitcoin payments for everyday expenses, from dining to shopping. His experience revealed that Lugano not only supports but actively encourages the use of Bitcoin, making it feasible to live a Bitcoin-based lifestyle. Read More
TON ecosystem scams on the rise: How to stay safe
As the TON blockchain is open-source and permissionless, individual users and projects must be careful to ensure their own safety.
The Open Network (TON), a blockchain platform integrated with Telegram, has experienced record-breaking growth in 2024. The number of onchain-activated wallets surged from approximately 1 million in January to over 9 million in June.
However, TON’s massive inflow of new users has not been overlooked by scammers. In June 2024, blockchain security firm SlowMist issued a warning on increasing phishing attacks on the TON ecosystem.
As the TON Foundation ambitiously expects to onboard 500 million users by 2028, it raises the question of how to properly protect users from attacks of all possible vectors without hindering rapid adoption.
Cointelegraph contacted several executives and firms, including the TON Foundation, to better understand the nature of risks in the TON ecosystem and identify steps to keep users’ assets safe. 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.
