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Bitget Wallet overtakes MetaMask by downloads — CryptoRank
Formerly known as BitKeep, the Bitget Wallet was acquired by the Bitget exchange for $30 million in 2023.
Bitget Wallet, a self-custodial cryptocurrency wallet owned by the Bitget exchange, has overtaken its biggest competitor, MetaMask, by downloads last month.
According to data from the crypto analytics platform CryptoRank, the Bitget Wallet app amassed 1.6 million downloads in July 2024, beating MetaMask by 100,000 downloads.
Other top 10 wallets by the number of downloads included Phantom Wallet with 667,000 downloads, Coinbase Wallet with 475,000 downloads and Animoca Brands-backed SafePal with 157,000 downloads. Read More
The Hottest Telegram Tap-to-Earn Games That Let You Earn Crypto
UPDATED: Hamster Kombat is leading the field of Telegram crypto games, but there are many other hot mini apps to check out.
Notcoin led to this year’s biggest and buzziest gaming token launch so far, but the Telegram mini app is no one-off sensation.
Hamster Kombat has already surged to greater heights in terms of pre-token players, claiming more than 300 million users already ahead of its launch on The Open Network (TON), while other games on Telegram are gaining steam with the same kind of model.
Like Hamster Kombat, games like PixelTap and Yescoin are expanding upon the basic “clicker” or screen-tapping premise in entertaining ways, all while teasing token rewards ahead for players who put in the time and invite their friends along.
Looking for the next big thing in Telegram tap-to-earn games? Here are the buzziest games at the moment, and we’ll be updating this list regularly with new entrants—so stay tuned. Read More
Ripple and SBI Digital Community Partner to Advance Web3 With XRP Ledger
SBI Digital Community Co. Ltd. announced on Tuesday a new strategic partnership with Ripple Labs Inc., aimed at promoting the use of the XRP Ledger within the Web3 community. SBI Digital Community, a subsidiary of the larger SBI Group, a prominent financial services conglomerate based in Japan, is focused on promoting and expanding the use of Web3 technologies.
Under the leadership of President and CEO Yuutaro Sato, the Tokyo-based SBI Digital Community will leverage Ripple’s XRP Ledger, a layer 1 public blockchain known for its speed, cost-efficiency, and sustainability, to enhance Web3 services. This collaboration aims to expand the use of XRP Ledger through SBI’s “Bto3″ Web3 community, with a focus on increasing user interaction with the blockchain and advancing its adoption.
The announcement details, as translated by Google:
We believe that by increasing the number of users of the XRP Ledger, more companies will be able to provide new B to C services, thereby increasing convenience in the real world.
SBI Digital Community added that under this partnership, “Bto3 will issue NFTs (Non-Fungible Tokens) on the XRP Ledger and will provide support to users on how to purchase and trade NFTs on the XRP Ledger.” Read More
Ethereum gas fees: Too low or too high? No one can decide
Critics who have a problem with volatile gas prices — on Ethereum or elsewhere — have the wrong vision for the future of crypto.
Much of the historical debate around Ethereum has been around whether its gas fees are too high. This year, its fees have become exceedingly low, in part thanks to rollups — except during the Aug. 4-5 crash, when they were disproportionately elevated. So which is it?
The surprising answer is that everything worked as intended. Periodic spikes are how you’d expect a wholesale market to behave during peak demand. Those who point to these developments as problematic have the wrong vision for the future of crypto.
Backing up, the modular scaling philosophy is based on the idea that blockchain’s aren’t networks that process activity, they are the purveyors of a scarce asset called secure block space. Like any other scarce asset (such as land, oil or electricity), secure block space is continuously auctioned off to the highest bidder, and the winner is whoever needs it most. This will likely be either a whale or a wholesale buyer, such as a layer 2.
Monolithic chains have more of a network philosophy: they want to serve everyone on an equal footing. This is untenable because blockchains aren’t just networks in the way the internet is a network. If a video stream or email are delayed, then it’s not that big of a deal. But if an important financial transaction is delayed, it could be catastrophic. Blockchains are predictable and secure transfer and settlement layers. In every other context where such a service is provided, both the service and the cost are tiered. 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
MetaMask launches pilot self-custody debit card with Mastercard
More than 1 billion individuals remain unbanked or lack adequate access to banking services, according to 2022 data from the World Bank.
Popular decentralized finance (DeFi) wallet MetaMask has partnered with Mastercard and digital payments company Baanx to launch a self-custody debit card pilot program for select users in the United Kingdom and the European Union, with plans to roll out the product in other regions over time.
The card allows users to self-custody their funds until the moment the transaction is processed and the customer’s digital assets are converted into fiat for payment at retail outlets, online shopping outlets and other merchants.
How it all works:
In a statement to Cointelegraph, Lorenzo Santos, senior product manager at Consensys, explained that users need to hold their crypto on the Linea network and use Linea to set spending limits on the card.
Santos also outlined how transactions would be processed from start to finish. According to the Consensys executive, when a MetaMask card is swiped, an onchain transaction is created, sending tokens from the user’s wallet to the “Crypto Life” smart contract. Read More
Here’s how hybrid blockchain solutions bridge the gap between Web2 and Web3
Hybrid solutions bring Web2 closer to Web3 than ever by enabling seamless integration for next-gen decentralized applications.
The global blockchain market is expected to become a quarter-billion-dollar ecosystem before 2030. Yet, decentralized applications (DApps) — user-focused software that runs on blockchain networks — remain in their infancy, facing significant hurdles on their path to mainstream adoption. While blockchain has the potential to become the infrastructure for the decentralized web, realizing it through practical, everyday applications has proven challenging.
The vision of a decentralized web is built on interoperable, scalable and secure DApps that offer at least the same level of seamless user experience as their traditional, centralized counterparts. This way, users have greater control over their data, transactions are transparent and intermediaries are minimized. Yet, looking at the current DApp landscape, it’s easy to understand that the blockchain space has a lot of work to do to reach the masses.
One of the primary challenges DApps face is the user experience. Unlike traditional web applications that benefit from decades of iterative improvements, DApps often require users to navigate complex interfaces, manage private keys and understand the nuances of blockchain transactions.
The learning curve can be intimidating for non-technical users, creating an entry barrier that many are unwilling or unable to overcome. Moreover, the lack of seamless integration with existing Web2 services means that users must often juggle multiple platforms and tools, further complicating the user experience. Read More
Confiction Labs Launches 'Proof of Exposure' to Combat Rising Bot Activity in Web3 Gaming
Proof of Exposure integrates user verification into the game's lore as a means to distinguish genuine players from automated bot accounts.
Confiction Labs, the developer behind the Web3 co-op multiplayer shooter Riftstorm, has introduced a new in-game verification system aimed at curbing what it views as increasing bot activity in the sector.
The initiative, dubbed "Proof of Exposure," integrates non-fungible tokens into the game's lore as a method to distinguish genuine players from automated bot accounts.
The move comes as Web3 games grapple with a rising bot problem, with a recent report from marketing platform Cookie3 suggesting that up to 70% of airdropped rewards are funneled to bot accounts.
Confiction Labs, which recently rebranded from Mythic Protocol, claims its new verification system will authenticate users through a combination of third-party APIs, large language models, and user-submitted data. Read More
Telegram Launches New Ways for Creators to Earn TON Tokens
You can now send reactions to content creators on the app—which can be converted into crypto.
Messaging app Telegram is becoming even more crypto-focused after announcing a feature that allows creators to earn Toncoin (TON), the native cryptocurrency of The Open Network.
The app’s developers said Wednesday that users can now send reactions in Stars—an off-chain, in-app currency tied to TON—to content creators and channels, and then those Stars can then be converted into TON. And if those receiving the Stars don’t want TON, then they can use them to pay for advertising.
Both Telegram and the independently operated Open Network are working to turn the messaging app—which has nearly 1 billion users worldwide, according to data from Telegram—into a crypto-friendly platform with spin-off mini apps. 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
