x
Image Source: Pixabay
Georgian vendors get crypto payments option with new partnership
Georgian merchants accept crypto payments through a partnership between Gate Pay and CityPay.io, connecting users to the benefits of crypto services.
Gate Pay, the cryptocurrency payment service offered by the crypto exchange firm Gate.io, has partnered with CityPay.io, a startup specializing in crypto payments in Georgia. The partnership will enable more than 600 merchants in Georgia to enjoy the benefits of crypto payment alternatives for their products and services.
According to the announcement, by partnering with CityPay.io, Gate Pay users can connect with numerous merchants across Georgia, facilitating a wide range of daily activities such as hotel bookings, supermarket shopping and restaurant payments. Notably, restaurant chain Wendy’s is one of the partners of CityPay.io, with customers now able to make payments using cryptocurrencies for their meals.
Gate Pay’s director, Feng Zhou, stated that the launch of Gate Pay aimed to connect users with businesses, products and applications that are friendly to cryptocurrencies to bridge the gap between Web3 and people’s daily lives. Hence, the Gate Pay team has collaborated with partners like CityPay to provide merchants with crypto payment services. Read More
How to stake Cardano (ADA) in a self-custodial wallet
Cardano is one of the largest layer-1 blockchains by market capitalization, but what does the DeFi ecosystem offer for staking?
Cardano uses Ouroboros, a proof-of-stake (PoS) consensus mechanism where ADA holders can delegate their funds to stake pools. The cumulative stake allows each pool to verify transactions, create blocks and govern the network.
Ouroboros uses cryptography, combinatorics, and mathematical game theory to guarantee the protocol’s integrity, longevity and performance. These validators are paid by the Ouroboros protocol with a fixed pool cost and an optional margin. Ouroboros also directly assigns staking rewards to all delegators.
Staking allows ADA holders that do not have the skills or desire to run a node to participate in the network and be rewarded in proportion to the amount of stake delegated. Staking pools are a solution for users who want to stake their tokens onto their respective blockchains but do not necessarily play the role of validators on the network. Read More
Embracing Multi-Blockchain & Innovation In Photography Industry
The digital age continues to evolve, and technology plays an increasingly significant role in various industries, including photography. As creative professionals seek new ways to protect, share, and monetise their work, one solution that has emerged is the integration of blockchain technology and innovative features into photography platforms.
The Power of Multi-Blockchain Support:
One of the most exciting advancements in this area is the implementation of multi-blockchain support, by allowing photographers to choose which blockchain best suits their needs, they can optimise their experience when minting and selling their work. This approach ensures they can take advantage of the unique features and benefits that different blockchains have to offer, such as faster transactions, lower fees, or greater security. Read More
DePIN will become one of this decade’s most important crypto investments
Decentralized physical infrastructure is offering the most real-world implementations for blockchain technology to date.
The advent of blockchain technology has revolutionized several industries, ranging from finance (DeFi) and gaming (GameFi) to Web2 brands such as Nike for digital fashion and Starbucks for Web3 customer loyalty. However, one area that has remained essentially unchanged is physical infrastructure.
Traditionally, the deployment and management of physical infrastructure, such as telecom networks, cloud services, mobility networks and power grids, have been dominated by large corporations due to their enormous capital requirements and logistical challenges.
As a result, these corporations have had a near-monopoly on pricing, conditions and services offered to end-users, leading to a lack of competition and innovation. That is, until blockchain and Web3 entered the picture.
Most are familiar with DeFi, GameFi, SocialFi and decentralized autonomous organizations (DAOs). DePIN, which stands for Decentralized Physical Infrastructure Networks, is a rising use case with real-world exposure. It utilizes tokens to bootstrap the deployment of physical infrastructure, and then creates a network effect that unlocks the novel design space of real-world-based DApps.
DePINs are an emerging crypto trend that leverages blockchain technology to build and operate real-world physical infrastructure and hardware networks in a permissionless, trustless and programmatic way. Read More
.png)
What Does The Wallet Do? What Does It Mean For You?
The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc.
Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard.
We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.
Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. Read More
Helium Completes Solana Migration, Minting Nearly 1M NFTs in the Process
Each hotspot on the crypto wireless network is now represented by an NFT as Helium successfully migrates to Solana.
Crypto-fueled wireless network Helium has successfully completed its anticipated migration from its own layer-1 blockchain platform to Solana. Helium founders and backers see the potential for Solana to unlock additional use cases around the network—which may be facilitated by a mass-scale NFT mint tied to the migration.
As part of the migration process, an NFT is being minted to represent each physical hotspot node running on the Helium network, ultimately tallying over 991,000 Solana NFTs. Hotspot owners will claim their respective NFT when they log into the wallet tied to the hotspot, and owners can still transfer or update hotspot locations as they please.
"Helium developers took a snapshot of the existing blockchain and loaded the necessary transactions to the new blockchain," Helium Foundation Head of Protocol Engineering Noah Prince told Decrypt. "The contracts are permissionless and on-chain." Read More
PureFi Introduces SafeTransact — A Novel Approach To Safeguarding
According to Security Magazine, there are over 2,200 cyberattacks happening daily in the crypto space, breaking down to nearly one cyberattack every 39 seconds. The latest Chainalysis report marks decentralized finance as the sector most suffering from hacks and leaks: in 2022 alone, DeFi protocols lost $3.1 billion to bad actors and malware. Overall, there was over $20 billion in illicit activity in 2022. Despite its astonishing growth rate, the DeFi space is yet to develop robust security measures to help users confidently navigate the brave new world.
SafeTransact by PureFi is a cutting-edge tool created to protect Web3 transactions against fraud, phishing, theft, and other malicious actions — and it might just be a solution.
SafeTransact, the lately released in-app tool, analyzes blockchain transactions and sends real-time alerts upon detecting suspicious activities. Primarily, it will be integrated into AMLSafe, a native multi-crypto wallet from the same ecosystem.
“The key advantage of SafeTransact is that it can be integrated into any dApps and non-custodial wallets, which will significantly cut the security risks, preventing fraud schemes, and helping millions of crypto users avoid scams,” says Slava Demchuk, PureFi CEO. Read More
Crypto financial services provider Januar receives full Danish payments license
The Danish startup founded by former Chainalysis staff helps crypto companies find banking services by connecting them to IBAN infrastructure.
Danish startup Januar announced on April 19 that it has received a Payment Institution License from the country’s Financial Supervisory Authority (DFSA). The license will allow Januar to conduct business in the 30 European Economic Area markets, whereas it only served Danish companies under its previous limited permission.
Januar provides International Bank Account Number (IBAN) business accounts to crypto businesses. Linking to IBAN infrastructure gives crypto companies access to compliant fiat banking services, such as payments and settlement, which crypto companies may have trouble finding otherwise. Januar co-CEO Simon Ousager said:
“Access to banking and reliable payment infrastructure has always been lacking behind the general pace of innovation in the crypto space, and the recent events with ‘crypto-friendly’ banks shutting down is a testament to this unfortunate industry trend.”
Ousager continued that the licensing of Januar was “taking a huge step in the opposite direction.” Read More
Space and Time Adds Blockchain Data to Microsoft's Azure Marketplace
Developers now have the ability to deploy the Space and Time Web3 data warehouse directly from Microsoft’s cloud computing service Azure.
Thanks to a new one-click deployment feature, Microsoft Azure Marketplace customers can now quickly integrate the Space and Time blockchain data warehouse with their existing enterprise infrastructure.
Launched as part of the "Startup with Chainlink" initiative that supports the development of Web3 startups, the Space and Time leverages the Chainlink price oracle platform along with other sources to pull data from blockchain protocols, a decentralized application (dapps), and off-chain systems with a goal of delivering enterprise-grade use cases to smart contract applications.
Space and Time raised $20 million in a strategic funding round led by Microsoft’s M12 fund last year, meaning that the company also enjoys unique access to artificial intelligence (AI) solutions as Azure is an exclusive provider of cloud services to OpenAI, a Microsoft-backed AI research laboratory best known for its popular ChatGPT service.
“The need for verifiable data across blockchains, enterprises and AI has never been more important,” said Space and Time CEO and co-founder Nate Holiday in a statement accompanying the news. “We provide enterprises with the ability to integrate blockchain data into their applications and business processes, which is critical for both customer growth and enabling responsible data stewards.” 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.
