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RippleX addresses XRP ledger’s AMM pool error, advises user caution
Due to the continuing technical issue, RippleX has recommended its users no longer deposit funds into the affected AMM pools.
RippleX, the development division of Ripple, revealed a technical issue affecting automated market maker (AMM) pools on the XRP Ledger. This glitch disrupts transactions and pools, which has prompted the management to update users about fund deposits.
According to a post on the X social platform, the technical team at RippleX has identified a discrepancy in a limited number of AMM pools on the XRP Ledger, leading to transactions being processed incorrectly.
AMM pools are liquidity pools used on decentralized exchanges (DEXs) to facilitate trading without the need for traditional order books. In an AMM pool, traders can swap assets directly with the pool rather than with other traders. The pool contains reserves of various assets, and prices are determined algorithmically based on the ratio of assets in the pool. Read More
Decentralized Oracle Network Chainlink Leads the Crypto Space in Terms of Recent Development Activity: Santiment
The decentralized oracle network Chainlink (LINK) is ahead of all other crypto projects in terms of recent development activity, according to the analytics firm Santiment.
Santiment notes that Chainlink is at the top of the list with an average of 451.23 notable GitHub events over the past 30 days.
The smart contract platform Cardano (ADA) is second, clocking 444.7 events with Status (SNT) taking the third spot with 434.5 events.
Status aims to offer users a secure messaging app, crypto wallet and web3 browser via an open-source, peer-to-peer protocol and end-to-end encryption. Read More
Wall Street funding has changed Bitcoin mining’s incentive structure: Report
Bitfinex analysts say Wall Street funding of public Bitcoin mining companies has significantly altered the incentive structure behind Bitcoin mining.
Institutional capital investment in public Bitcoin mining companies has disadvantaged individual and small-scale miners and could have lasting implications on network dynamics.
A Bitfinex report delving into market dynamics around the upcoming Bitcoin halving unpacks a changing dynamic in the cryptocurrency mining ecosystem over the past decade.
It suggests that publicly listed Bitcoin mining firms mark a shift away from a decentralized vision of individual miners contributing to the security of the network for personal gain.
“These corporate entities, with their focus squarely on shareholder returns, operate on a vastly different scale and with distinct priorities compared to their smaller counterparts,” an excerpt reads.
The report highlights the imperative to maximize profitability and manage investor expectations as a critical reason for strategic decisions prioritizing financial performance over the Bitcoin community’s altruistic ideals. Read More
What are NFT swap order scams, and how to avoid them?
An NFT swap order is a transaction in which parties exchange nonfungible tokens (NFTs).
A NFT is a distinct digital asset that can be verified using blockchain technology. Unlike cryptocurrencies such as Bitcoin (BTC) or Ether (ETH), which are interchangeable and have the same value, every NFT has unique qualities. NFTs can represent a wide range of digital content, including virtual real estate, music, films, artwork and more.
NFT swaps facilitate the exchange of ownership rights for NFTs between individuals or entities.
During this process, one party transfers the ownership of one NFT to another in return for another NFT, a mix of NFTs, cryptocurrencies or other assets. These exchanges can take place directly between parties or via decentralized exchanges (DEXs) and specialized platforms that enable NFT trading. Read More
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Entrepreneurs encounter many challenges that can impede their businesses' progress and prosperity. However, force multipliers such as technology, tactics, resources, software, and partnerships can enhance effectiveness and achieve significant results even with limited resources. Markethive, a social neural network, provides a range of force multipliers, including information and content sharing, user-generated content, blockchain technology, storefronts, campaigns, brand ambassadors, awareness of the market, and network connectivity. These force multipliers can expand a business's reach, influence, and development, making Markethive an invaluable asset for entrepreneurs.
The challenges that entrepreneurs encounter can hinder their businesses' long-term success and growth. One common obstacle is figuring out how to effectively utilize the limited resources at their disposal, whether time or money, to achieve the most significant impact and profitability. This is where force multipliers come into play. It is essential to understand what force multipliers are and how powerful they are in addressing these challenges.
The armed forces have long understood the importance of force multipliers. A troop multiplier, for instance, enhances an existing military capability by either increasing its size or utilizing machine guns as force multipliers for rifles. The military would integrate sniper training into various subjects to enhance the value of snipers as a force multiplier and ensure their survival in combat.
Force multipliers are a means to accomplish more remarkable results with the same or reduced amount of effort, similar to how using a drill instead of a screwdriver can make tasks more manageable. These force multipliers can be vital in ensuring the business's survival. Read More
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Crypto Airdrops Are Not Securities, Lawsuit Against SEC Argues
Airdrops involve no investment of money and therefore can’t be securities transactions, asserts the DeFi Education Fund.
The crypto industry is clapping back at U.S. regulators with a pre-emptive lawsuit against the Securities and Exchange Commission (SEC), spotlighting its aggressive enforcement of securities law.
On Monday, the DeFi Education Fund (DEF) filed a lawsuit in a Texas federal court against the SEC, arguing that Beba, a Texas-based apparel company, did not violate U.S. securities laws by airdropping its BEBA crypto token to customers for free.
The suit seeks a court order officially declaring Beba’s airdrop legal, potentially protecting other airdrops like it from SEC litigation.
“Beba has engaged and plans to engage in a course of activity that is, in fact, compliant with securities law but that SEC policy has declared unlawful,” the DEF wrote in a Texas District Court filing. Read More
XRPL blockchain plugs into cross-chain DeFi
Ripple helped build an ecosystem automated market maker protocol in close partnership with the XRP Ledger blockchain community.
Ripple’s underlying XRPL blockchain is set to unlock a wide range of decentralized finance (DeFi) capabilities following the launch of a natively built automated market maker (AMM) protocol.
Ripple recently announced the release of the XLS-30 AMM protocol, built in partnership with the XRPL community, as a feature to benefit its blockchain ecosystem.
The AMM is expected to expand the DeFi capabilities of the XRPL ecosystem and enable cross-chain DeFi use cases across 50 blockchains.
XRPL’s blockchain ecosystem has an existing decentralized exchange (DEX) featuring a conventional order book, which does not include some of the advanced features that new DeFi protocols have pioneered over the past two years. Read More
Near introduces multichain transactions from a single account
The feature incorporates a “Multichain Gas Relayer,” eliminating the necessity for the native gas token of another chain for transactions.
The Near Foundation, the nonprofit organization backing the layer-1 Near Protocol, has revealed that the protocol now enables chain signatures. This advancement allows users to access multiple chains using their Near account.
According to a press release, Eigenlayer, a restaking project developed on Ethereum, is now a launch partner with Near, contributing to the security of the Chain Signatures network.
The Chain Signatures feature is powered by a decentralized multi-party computation (MPC) network and secured by Near’s validators. Read More
Stacks Accelerates Toward Mainnet With Strategic Nakamoto Testnet Rollout
In a significant step forward for the Stacks ecosystem, the Nakamoto Testnet has been introduced, providing a formal and public environment for testing and development. On Tuesday, the project’s head of content Claire Topalian detailed that the initiative marks a refinement from the earlier Pre-Launch Testnet, specifically tailored for core developers.
Essentially, the Nakamoto Testnet is designed to mirror the eventual mainnet conditions closely, providing developers, signers, and stackers with a realistic and stable platform for testing. Topalian said the launch is part of a strategic rollout aimed at ensuring a smooth transition to the mainnet, offering participants ample opportunity to familiarize themselves with the network’s functionalities and prepare for the official launch.
The announcement further details that the rollout of the Nakamoto Testnet follows a planned two-step release process, emphasizing security and efficiency. 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.
