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Telegram Integrates Tether (USDT) Payments on Tron Network
Users will now be able to send TRC20 to their contacts on Telegram
Telegram has added a new feature enabling users to send each other the world’s largest stablecoin, tether (USDT).
USDT runs on several blockchains, but for now, Telegram has added support for the stablecoin only on Tron.
According to an update on March 22nd, USDT-TRON – TRC20 – has been added to the popular messaging app’s wallet function, thereby expanding its payment capabilities for buying and selling crypto.
USDT is the third crypto-asset joining Bitcoin and The Open Network token as assets supported by the Wallet bot (TON).
Telegram’s announcement read,
“You can now buy, swap, and make P2P trades with Tether USDT (TRC20). You can also directly send USDT to your friends with no transaction fees.” Read More
Coinbase moves to on-chain staking for Tezos, Cosmos, Solana, and Cardano
The exchange will also discontinue Algorand (ALGO) staking.
Coinbase has begun its transition to on-chain staking for four cryptocurrency assets, according to an announcement on March 23.
Four assets affected, one discontinued:
Coinbase’s announcement and an attached help page say that customers will “earn rewards from the protocol, not Coinbase” under the new approach. The firm says that its only role will be to connect customers to validators on the relevant blockchain.
Coinbase will pause staking and unstaking beginning on March 24 and will resume those capabilities on March 29. Users will continue to earn funds during that time.
The policy applies to four of the five assets that can be staked through Coinbase: Tezos (XTZ), Cosmos (ATOM), Solana (SOL), and Cardano (ADA).
The policy does not apply to Ethereum (ETH) staking, which is also supported by Coinbase. This is likely due to the fact that Ethereum does not yet support stake withdrawals and has high technical and deposit requirements for on-chain staking.
Coinbase also said that Algorand (ALGO) staking will be discontinued on March 29. The company will nevertheless pay out remaining ALGO staking rewards to users and will continue to support ALGO trading on its main exchange. Read More
What are gift card scams, and how to avoid them?
Gift card scams are fraudulent activities where scammers trick people into purchasing gift cards and providing them with information such as the card’s code or PIN.
Scammers utilize a variety of strategies, including fraudulent prize offers, romance scams and technical support hoaxes, to trick victims into providing gift card information. Scammers can use gift cards to make illicit purchases or sell them on the black market once they have the card’s details.
For instance, scammers may construct fake profiles on social media sites or dating services to build a rapport with the victim. They then request money and personal information from the victim and tell them it’s necessary in case of an emergency or to pay for a meeting.
Similarly, con artists may pose as tech support agents to trick victims into believing their devices are infected with malware or viruses. The victim is then told to buy a gift card to cover the repair cost.
Gift card scams in crypto are similar to traditional gift card scams, but instead of gift cards, scammers use cryptocurrencies like Bitcoin (BTC), Ether (ETH) and other altcoins. In these scams, scammers deceive victims into sending them cryptocurrency by promising them a reward, prize or investment opportunity.
To win the trust of their victims, bad actors could employ phishing websites, phoney social media profiles or other cunning strategies.
Scammers disappear after receiving the crypto, depriving the victims of any chance of getting their money back. Exercising caution and conducting business with reliable and trusted sources is crucial when working with cryptocurrencies. Read More
All Centralized Firms Are Alike—But Every DAO Is Decentralized in Its Own Way
As new DAOs emerge left and right, figuring out how they stack up against one another is often an apples-to-oranges job for analysts.
Just as DAOs find more traction in the industry, so too have a series of different tools to measure how decentralized autonomous organizations stack up alongside one another.
Now the question emerges: What makes one DAO better than another?
Sure, you can use the size of their treasury as a metric, but it’s also important that an autonomous organization is also decentralized, something one may crudely measure by determining the number of token holders.
Then there’s voter apathy and the myriad ways one measures how active those token holders actually are.
Even the number of token holders is a splotchy metric. Wallet addresses don’t equal the number of users one for one; oftentimes one user can have multiple wallets, each of which may be holding tokens for the same project. Read More
Phase Two of the Markethive internal wallet is complete, a considerable milestone for the company and the Markethive community. The impending release of the wallet is a pivot point for Markethive to secure its future as a completely decentralized social media broadcasting and marketing platform the world so desperately needs for these significant times.
The Markethive wallet is not just an ordinary wallet: It’s a transactional interface that services and keeps track of all your accounting and transactions, including your loans to Markethive and interest paid by Markethive to you via the ILP.
With Phase Two now in operation, you can access and set up your personal requirements and view your status in The Vault, Hive Rank, Staking, KYC Application, ILP Report, payments, and Markethive Credit threshold and balance. Plus, you can now transfer Markethive Credits to other members within Markethive.
Note that full access to all of the Markethive systems requires complete KYC documentation and an Entrepreneur One membership. The Markethive platform, with its general newsfeed, is free to use; however, the marketing systems and aspects thereof within Markethive will be limited, including Hivecoin transactional activity and micropayments of MHV.
Once the Markethive wallet is fully operational and launched, the Premium Upgrade will be introduced, which offers additional features and benefits to achieve a significant presence online for your marketing efforts and business growth, especially with the upcoming unique dashboard interface. It will be beyond anything else out there today. Read More
Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network
Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates economic uncertainty caused by the legacy financial system.
Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base.
The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange and tools that make the decentralized finance (DeFi) ecosystem safer.
The trading platform outlined the four areas in a post published on March 24, about a month after Coinbase launched Base, a network that is secured by Ethereum and powered by fellow layer-2 network Optimism.
First off the bat was the development of an inflation-pegged flatcoin. In light of the recent banking crisis, Coinbase said it is now “more important than ever” to build an inflation-tracking stablecoin that negates economic uncertainty caused by the legacy financial system:
“[We] are particularly interested in ‘flatcoins’ — stablecoins that track the rate of inflation, enabling users to have stability in purchasing power while also having resiliency from the economic uncertainty caused by the legacy financial system.” Read More
Community-driven crypto projects still thriving despite headwinds
Community engagement has always been a key aspect of crypto, and it's proving its value during bear markets.
The highly anticipated launch and airdrop of Arbitrum’s native governance token ARB took place on March 23, creating a buzz around the layer-2 protocol as hundreds of thousands of eligible users and DAOs tried to claim the token. Overwhelming user demand led the airdrop claim page to crash shortly after its launch, displaying 404 and 429 errors for over an hour, Cointelegraph reported.
Since Arbitrum was one of the largest blockchain projects without a token, the hype around its drop was expected. Nevertheless, it exemplifies how community-driven projects in the space can still thrive, despite competitors, technical challenges, market downturns and regulatory uncertainty.
Arbitrum wasn’t the first — and certainly won’t be the last — project to mobilize massive audiences. In February, the token distribution of the layer-1 protocol Core DAO followed a similar engagement recipe, with 1.2 million tokens airdropped to individual users. Even before its mainnet launch, the project, established in 2021, had over 1.6 million Twitter followers and over 215,000 Discord members.
“From the start, community ownership and inclusion was a major goal,” Core DAO contributor Brendon Sedo told Cointelegraph. “Transparency is another key for our community. Too many projects keep the curtain closed on their progress and development. We’ve made it a priority to distribute information across a variety of platforms.” Read More
First Citizens Bank Enters Deal With FDIC to Buy Silicon Valley Bank
Silicon Valley Bank's acquisition affirms First Citizens' "commitment to support the integrity of our nation's banking system," said its CEO.
First Citizens Bank will take on the deposits and loans of the failed Silicon Valley Bank, the U.S. Federal Deposit Insurance Corporation (FDIC) said on Monday.
The deal includes the purchase of $72 billion in SVB assets for a discount of $16.5 billion.
The FDIC will keep another $90 billion in securities and assets to sell on the open market in a process known as “disposition.”
“We look forward to building relationships with our new customers and positioning our company for continued success as we affirm our commitment to support the integrity of our nation's banking system," said First Citizens chairman and CEO Frank B. Holding in a statement today. Read More
Bitcoin Price Surge Threatened By Liquidity Crunch – What To Expect
Bitcoin market liquidity is currently a major point of concern within the cryptocurrency sphere. The lack of depth in the market has led to significant price slippage when large orders are executed, resulting in erratic price swings that can overwhelm even the most experienced traders.
The cryptocurrency market is currently facing a liquidity crisis triggered by the shutdown of Silvergate’s SEN and Signature’s Signet network in early March. Despite a rebound in Bitcoin’s price since its March slump, which reached a peak of around $28,900, the initial drop has raised concerns among market participants.
Lack of liquidity in an asset can cause significant market inefficiencies, resulting in severe price swings that can deter experienced investors from executing trades. 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.
