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Bitcoin holders can use DApps without sacrificing asset security — Here’s how
This native application layer enhances the scalability and security of Bitcoin applications through a stackable layer-2 architecture.
Rooch Network offers a native non-custodial application layer for Bitcoin, allowing users to interact with decentralized apps while maintaining full control of their assets.
Bitcoin has long been regarded as the gold standard among digital currencies, often seen as a store of value rather than a tool for interactive applications. While Ether has become the dominant force in Web3 and decentralized applications (DApps), Bitcoin’s utility in these key areas has remained limited. This gap represents a dilemma for Bitcoin enthusiasts who wish to do more with their BTC than just hold it as an investment.
Many users remain cautious about existing DApp solutions due to the security risks and privacy concerns inherent in third-party custodial wallets and services, such as hacks or unauthorized access to private keys. As demand grows for solutions that offer both utility and safety, Rooch Network — a native application layer for the Bitcoin ecosystem — emerges as a relevant option, allowing users to interact with DApps without relinquishing control over their assets. Read More
BitGo deploys wrapped BTC on Avalanche and BNB Chain
Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.
Cryptocurrency custody platform BitGo has adopted LayerZero’s Omnichain Fungible Token (OFT) Standard for its Wrapped Bitcoin (WBTC), enabling the asset to operate across multiple blockchain networks.
According to a Sept. 10 announcement, BitGo is deploying WBTC on Avalanche and BNB Chain as part of the rollout, with more chains to be included. Prior to this advanced rollout, WBTC was available on networks such as Ethereum, Base, Tron, and Polygon.
Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin that allows holders to use BTC value in decentralized finance (DeFi) applications for trading, lending, and liquidity. Each WBTC is backed 1:1 by Bitcoin. According to data from CoinGecko, the token's market capitalization was $8.8 billion at the time of writing.
Traditionally, assets like WBTC are limited to operating on a single blockchain or rely on complex bridges to move between chains. By using LayerZero’s OFT Standard, BitGo’s WBTC token can operate under a standardized framework that allows tokens to communicate the same way across blockchains.
For users, it means sending WBTC between chains for just the price of an omnichain message. Read More
Dappslap Lets You Create Dapps in “Just a Click” With AI Prompts
The Solana-based token launchpad and dapp creator functions as a “marketplace for ideas,” founder Troy Murray said.
A new token launchpad on Solana will enable users to create decentralized applications (dapps) using just an AI prompt.
Launching on September 10, dappslap is a “marketplace for ideas,” founder Troy Murray told Decrypt.
Users can quickly launch a dapp using an AI prompt, and if the dapp escapes a bonding curve, the prompt gets put into an AI generator and created. The idea, Murray explained, is that “the best ideas will escape the bonding curve,” similar to how meme tokens are created on launchpads like pump.fun.
The process for spinning up a dapp on dappslap is simple: navigate to its website, sign in with your wallet, pay a 0.02 SOL fee, and submit a prompt. Like Pump.fun, a bonding curve is created when an idea is submitted to the marketplace. Users can buy tokens from the bonding curve, and when it maxes out, the idea is given to the AI generator and created.
Once live, the tokens purchased from the bonding curve are used as governance tokens to govern the new app that has been created. “In just a few clicks you get a website sign-in for your dapp, a frontend, and a Solana Rust contract connected to a DAO in our interface,” said Murray. Read More
Tether, TRON and TRM Labs Form New ‘Crime Unit’ To Combat Illicit Use of USDT
Three major players in the crypto space are teaming up to prevent the improper use of USDT, the largest stablecoin by market cap.
Tether says in a new press release that it is teaming up with TRON (TRX) and blockchain intelligence firm TRM Labs to found the first-ever private sector financial crime unit dubbed the “T3 Financial Crime Unit (T3 FCU).”
“Tether, TRON and TRM Labs today announced they have joined forces to establish the T3 Financial Crime Unit (T3 FCU), a first-of-its-kind initiative aimed at facilitating public-private collaboration to combat illicit activity associated with the use of USDT on the TRON blockchain.
This novel collaboration brings together the anti-financial crime expertise of TRM Labs, a leading blockchain intelligence firm; the technical expertise of TRON, a leading global blockchain and DAO; and external investigations team at Tether, the largest company in the digital asset industry, to create a safer and more secure crypto community for all.” 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
Bitcoin Miners Are Still Buying New Hardware Despite Headwinds—Here’s Why
Energy costs are up, but so is the energy efficiency of new chips, and some older machines are also seeing a return to service.
In the midst of shrinking revenues and rising operational costs, industry experts tell Decrypt that Bitcoin miners are continuing to invest in new, specialized hardware, displaying strong confidence in the future of the leading crypto network despite short-term struggles.
According to a Glassnode report released this week, Bitcoin’s hash rate—an essential measure of mining activity—remains near all-time highs, just 1% shy, even though revenues have plummeted.
The mining industry is currently facing a double challenge: increasing mining difficulty and declining transaction fee revenue. As the hash rate rises, so does the difficulty of mining and earning a BTC block reward, thus pushing production costs higher.
This, combined with cooling demand for high-fee transactions like those from Runes tokens and the NFT-like Ordinals, has squeezed miners' profitability in recent months. Still, miners continue to invest in new ASIC hardware, in part due to the need to stay competitive in an environment where older machines are rapidly becoming obsolete. Read More
UK Introduces Bill to Classify Crypto Assets Like Bitcoin and NFTs as Personal Property
The United Kingdom government has introduced a bill that would create a new category of personal property for crypto and NFTs.
In a landmark move, the United Kingdom government introduced a bill in Parliament on Wednesday that aims to clarify the legal status of digital assets—including Bitcoin and other cryptocurrencies, as well as NFTs—by recognizing them as personal property under English and Welsh law.
The bill, if passed, will create a third category of personal property, expanding beyond the current classifications of "things in possession" and "things in action." This new category will encompass certain digital assets, providing them with clear legal recognition and protection.
Justice Minister Heidi Alexander said that it was essential that the law keeps pace with evolving technologies, and that this legislation will mean that the sector can maintain its position as a global leader in crypto assets—as well as bring clarity to complex property cases.
“Our world-leading legal services form a vital part of our economy, helping to drive forward growth and keep Britain at the heart of the international legal industry,” she said. Read More
Blockchain music startup Tune.fm raises $50M from Global Emerging Markets
The fresh capital brings Tune.fm's total funding to $80 million. The funds will be used to reward artists and users within the platform.
Decentralized music streaming platform Tune.fm has a new investor. According to a Sept. 12 announcement, the protocol has received $50 million in capital from Global Emerging Markets, bringing its total funding to date to $80 million.
The new investment will be allocated to provide liquidity for the protocol’s JAM token (JAM), used within the platform to reward artists and users. Prior investors in Tune.fm include LDA Capital, Alpha Token Capital, Block Alpha, Animoca Brands, The HBAR Foundation and GDA Capital, among others.
The platform offers music streaming services with an integrated non-fungible token (NFT) marketplace. Artists receive micropayments for every second their music is streamed, while users can earn tokens by discovering and listening to newly promoted songs. The platform is powered by the Hedera blockchain.
“Users can create an account and start listening to music immediately; no third-party wallet is required beforehand,” a spokesperson told Cointelegraph. Upon joining the platform, a blockchain wallet is automatically created. This process is aimed at simplifying onboarding for non-crypto users. Read More
Movement Labs targets 1-second L2 finality by end of 2024: Co-founder
Apps will be able to settle directly on Movement’s L2 with fast finality ‘postconfirmations’ secured by stakers, the co-founder said.
Movement Labs aims to launch a new mechanism for quickly settling transactions directly on layer 2 (L2) scaling networks by the end of 2024, Rushi Manche, Movement’s co-founder, told Cointelegraph in an interview.
Fast finality ‘postconfirmations’ are an alternative to existing methods for settling Ethereum L2 transactions — such as zero-knowledge (ZK) and fraud proofs — with the potential to cut confirmation times to less than 1 second, Movement said in a Sept. 2 blog post.
Total value locked (TVL) on L2s has more than tripled in 2024 to almost $35 billion, according to L2Beat, as Ethereum’s surging popularity strains the network’s limited bandwidth.
In the past 30-days, Ethereum’s average throughput was fewer than 13 transactions per second (TPS), compared to nearly 700 TPS for rival Solana (SOL), according to Chainspect. 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
