x
Ripple (XRP) Ledger Pushes Code Review to Enable RLUSD Integration With AMMs
In April this year, Ripple disclosed it will introduce a stablecoin pegged 1:1 to the American dollar. The news sparked huge excitement across the XRP community, with many members wondering about the exact specifics and purposes of the product.
As of now, it is known that it will be called RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum. Ripple’s CEO, Brad Garlinghouse, previously claimed it could serve as a bridge between the cryptocurrency industry and traditional finance.
Over the past several weeks, the team minted and burned thousands of RLUSD tokens as part of the private beta testing phase.
Most recently, the popular community figure Vet said the XRP Ledger amendment to allow (clawback) tokens like the upcoming stablecoin to be employed in the AMM (Automated market makers) “went through the code review.” The user maintained that the next step involves “some cosmetics and merge into a new rippled release for validators to vote on.”
The announcement triggered renewed speculations that RLUSD might be already live. The product, though, is yet to see the light of day with Vet explaining:
“It’s coming to the XRPL but when is really up to Ripple as it’s their token. When they do launch we can surely expect extensive public comms on it.” Read More
US Agriculture Dept approves blockchain-based certification system
CattleProof’s cow NFTs have officially become a part of the USDA’s record.
Decentralized cow verification service CattleProof’s “Verified” has become the United States Department of Agriculture’s first blockchain-based Process Verified Program.
CattleProof, a Wyoming-based company, uses a decentralized digital ledger to record information related to individual cows. Its tech combines the data sent from electronic identification tags attached to individual animals with updates about their condition, location, and other attributes on an immutable blockchain record.
According to a company post, CattleProof now has the distinction of being the first US firm to receive USDA approval as a Process Verified Program (PVP) for putting cows on the blockchain. Read More
Uniswap launches its own layer-2, Unichain
The app chain promises faster and cheaper transactions and cross-chain interoperability, according to Uniswap.
Uniswap, the most popular decentralized exchange (DEX), has launched its own application-specific layer-2 blockchain network, Unichain, developer Uniswap Labs announced on Oct. 10.
The app chain, which is still on testnet, promises to deliver faster and cheaper transactions and enhanced interoperability across blockchain networks, Uniswap said.
“Unichain will deliver the speed and cost savings already enabled by L2s, but with better access to liquidity across chains and more decentralization,” Hayden Adams, Uniswap Labs’ CEO, said in a statement.
As of Oct. 10, Uniswap commands nearly $5 billion in total value locked (TVL) across some 25 blockchain networks, based on industry statistics. Read More
Ronin to secure cross-chain bridge with Chainlink CCIP
Ronin said the Chainlink CCIP integration would reinforce its bridge’s security and free up resources to accelerate Its adoption.
Web3 gaming blockchain Ronin has announced an integration with the blockchain oracle platform Chainlink to secure the Ronin network’s cross-chain bridge.
On Oct. 10, Ronin announced that it would integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP). The platform describes the CCIP as an inter-chain messaging protocol that enables users to send messages, such as transactions, to different blockchains.
The CCIP is powered by decentralized oracle networks that confirm the validity of messages on both the sending and receiving chains.
According to Ronin, it had conducted a three-phase selection process before ultimately choosing Chainlink’s CCIP as its canonical cross-chain infrastructure. 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
Charles Hoskinson Says Cardano ‘Isn’t Dying,’ Offers Reasons Why Sentiment Around the Crypto Project Is Negative
Cardano (ADA) co-creator Charles Hoskinson is dispelling rumors that the Ethereum (ETH) competitor is a dying blockchain.
In a new thread on the social media platform X, the Input Output Hong Kong (IOHK) CEO says that the negative sentiment surrounding Cardano has to do with its governance protocol not scaling to meet its needs, an issue solved by the most recent Voltaire update.
“There have been years of pent-up grievances, unexplored road map items, unfunded growth strategies, and needed partnerships that haven’t been addressed due to Cardano’s governance not scaling to meet the needs of the ecosystem.
Now that Voltaire is here, the new governance is capable of listening and adapting to meet these needs and also executing a new roadmap to grow the ecosystem dramatically. I have my own very long list of grievances that couldn’t get addressed before.”
The Voltaire upgrade, which launched in September, transitions Cardano into a fully decentralized protocol and introduces a voting and treasury system to the blockchain. Read More
Blockchain data firm Arkham to launch derivatives exchange: Report
Arkham Intelligence's token, ARKM, is up more than 16% on the news, according to CoinGecko.
Blockchain analytics firm Arkham Intelligence reportedly plans to launch a cryptocurrency derivatives exchange as soon as next month, according to a Bloomberg report.
The exchange will target retail traders and compete with existing platforms such as Binance, Bloomberg said, citing a person familiar with the matter.
Arkham is already reportedly in the process of obtaining a license in the Dominican Republic, where it plans to operate the exchange.
The crypto derivatives market is exploding, largely driven by trading activity from retail investors.
Crypto derivatives trading volume exceeded $3 trillion in September, up from approximately $1.5 trillion one year prior, according to a report by CCData.
Adoption is being spurred by a proliferation of crypto derivatives products, including on established exchanges such as the Chicago Mercantile Exchange (CME). Read More
Why are non-KYC exchanges trending? Here’s what you need to know
Crypto trading platforms that don’t require identity verification are known as non-KYC exchanges. These exchanges allow you to trade without the inconvenience of following Know Your Customer (KYC) procedures that include submitting documents such as identification or proof of address.
Two examples of non-KYC exchanges that allow trading cryptocurrencies without requiring personal identification are Uniswap and PancakeSwap. Uniswap is the top non-KYC exchange, with 12 million monthly active users in August 2024 and a 60% market share. On the other hand, PancakeSwap had 1.9 million unique onsite users in August 2024.
Here are some reasons why many use non-KYC crypto exchanges:
Privacy and anonymity: Users who stress privacy and anonymity are keen on using non-KYC exchanges. In a world where surveillance and data breaches are becoming more frequent, the prospect of trading cryptocurrencies privately appeals to a lot of individuals.
Easy access: Non-KYC transactions eliminate long, drawn-out verification procedures. You don’t need to wait for account approval or provide identification paperwork. These exchanges are especially attractive for individuals living in nations where cryptocurrency trading may be prohibited, or for those without access to traditional financial systems.
Speed: For individuals who wish to swiftly enter the cryptocurrency space without having to wait around for identity verification, non-KYC exchanges are a huge draw. Moreover, non-KYC platforms enable the creation of multiple accounts and unrestricted fund transfers.
Regulatory evasion: Evading regulations is another reason why some users are drawn to non-KYC exchanges. It helps them bypass regulatory restrictions or avoid penalties. While this may lead to severe repercussions if detected, some users believe the benefits of flying under the radar outweigh the potential risks. Read More
What are tokenized commodities?
Tokenized commodities represent fractional ownership of real-world assets using digital tokens on a blockchain while preserving their tangible value.
Tokenized commodities are digital versions of real-world items like gold, oil or crops recorded on a blockchain. Each token represents a part or whole of a commodity, making it easier to divide and trade. This simplifies buying and selling small portions for investors, provides more liquidity, and offers access to markets that are usually hard to trade in.
Imagine you have a giant pizza that’s too big for one person to eat alone. Instead of giving the whole pizza to one person, you cut it into slices. Now, each person can buy and enjoy the right amount that suits their appetite.
Tokenizing physical commodities works similarly. A commodity, like gold or oil, is the giant pizza. Instead of buying the entire commodity (which can be very expensive and impractical), it is divided into smaller pieces called tokens. Each token represents a small portion of the commodity. 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
