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New Developments Happening in the Blockchain Space: 14-02-2024

Posted by Simon Keighley on February 14, 2024 - 8:27am

New Developments Happening in the Blockchain Space: 14-02-2024

New Developments Happening in the Blockchain Space 14-02-2024

Image Source: Pixabay


Redefining enterprise blockchain: Coreum adopts the ISO20022 standard on-chain

The financial markets have yet to see a layer-1 blockchain solution capable of addressing regulatory issues while delivering secure, swift, scalable and cost-effective transactions. Enterprise-grade networks can change the game by adhering to the ISO 20022 global standard.

Technological development has experienced an exponential evolution, transforming businesses of all sizes to the core. The advent of the internet in the 90s marked a turning point, changing corporate behavior and offering digital solutions implemented across all levels.

However, the financial sector, pivotal in this technological renaissance, continues to grapple with critical issues that hinder its evolution. One of the most pressing challenges is the need for real-time processing. In an era where global transactions are expected to happen instantaneously, traditional financial systems often fall short. For instance, international wire transfers can still take several days to process. Read More


 

How this DeFi lending protocol aims to change ADA hodlers’ habits

A DeFi lending protocol leverages the Cardano blockchain to offer easy-to-use and secure lending opportunities.

Loan bonds and permissionless pool ownership are innovative solutions addressing traditional crypto strategy limitations, like hodling. Lenfi, a DeFi lending protocol, simplifies lending and borrowing for ADA and native token holders on the Cardano blockchain.

Decentralized finance (DeFi) lending is a transformative innovation that reshapes investors’ engagement by enabling direct peer-to-peer financial services. Blockchain technology allows borrowers and lenders to interact directly and autonomously through smart contracts. Borrowers enjoy better access to loan services while facing fewer bureaucratic and financial barriers than traditional methods offer.

DeFi lending protocols can run on various blockchain networks, and among them is Cardano, renowned for its research-driven approach. Cardano’s layered architecture, designed with scalability in mind, separates the settlement and computational layers —allowing for more efficient processing of transactions. Read More


 

This Telegram-based game tackles fantasy football with TON’s technology

A TON-selected Web3 game aims to leverage the fantasy football genre to new heights, bringing a new dimension to the gaming experience on Telegram.

Telegram’s latest venture into Web3 space brings a unique twist to fantasy football by leveraging blockchain technology. Fanton, a Web3-based football game, embraces an innovative approach embodied in The Open League, a community-driven incentive system part of the TON ecosystem.

Web3-friendly messaging app Telegram has adopted a crypto-friendly approach and endorsed The Open Network (TON) as its preferred blockchain network. Adding to this momentum, Telegram has launched Wallet, a bot within the app that simplifies the process of buying and selling cryptocurrencies such as Bitcoin. Read More


 

From NFT Punchline to $8 Million Raise, ‘Pixelmon’ Preps for MON Token Launch

Kevin lives! Under new ownership and with fresh funding, Pixelmon is ready to roll out games and debut its MON-powered IP protocol.

Pixelmon began its crypto odyssey as one of the most egregious examples of NFT FOMO, as collectors shelled out $70 million for knockoff Pokémon creatures that were so ugly, even the game’s founder called the artwork a “horrible mistake.”

But two years and an ownership change later, between a fundraise and an impending token launch, Pixelmon is gunning to have a big 2024.

On Tuesday, Pixelmon announced an $8 million seed raise featuring prominent backers in the crypto world, such as Animoca Brands and Delphi Digital. Additional investors include Amber Group, Bing Ventures, Foresight Ventures, Sfermion, Spartan Group, and several other firms. Read More


 

MARKETHIVE THE FUTURE OF ALL MEDIA

Innovations that will change the way we work and interact online. 

The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with de-platforming and boycotts from payment providers.

Unlike the social media giants, which only have one primary news feed algorithmically set by the central authorities, Markethive is integrating four news feeds to accommodate the multi-functional platform within the Markethive ecosystem. 

The individual feeds are General, Video, Blogging, and Content Curation, and they are all accessible from the main page and can be algorithmically set by the individual user. The scope that Markethive has is enormous as it integrates all the vertical systems of the other platforms under one roof. 

Social + Video + Blogging + Marketing + Curation + Broadcasting + Affiliate + Gamification + Cottage Businesses = Markethive: A Powerful Blockchain-driven Ecosystem 

There is nothing out there like Markethive. We are an Inbound Marketing (automated marketing platform) like Marketo, Paragon, and even the wannabee MLM Onpassive platform. We are like YouTube, Instagram, LinkedIn, Twitter, etc., but will be superior to these legacy Web 2 media when we release all the aspects and layout of Markethive 2.0. 

We have a dynamic social media interface and growing community with a strong collaborative ethos, with SaaS and broadcasting capabilities already operational. We are not waiting for the launch to access the services; they are already there for you to use to help you facilitate your business and increase your reach and following. 

Markethive is enhancing and bringing the platform into the future internet with our new technology and interfaces, but still in keeping with the human touch. Read More


 

Jupiter's JUP Token Makes a Grand Entry With $700M Airdrop on Solana Blockchain

The cryptocurrency world witnessed one of the largest token airdrops in its history on Jan. 31, as Jupiter, a Solana-based decentralized trading aggregator, launched its native token, JUP. The event distributed approximately $700 million worth of JUP tokens to nearly a million wallets.

Jupiter’s founder, known pseudonymously as weremeow on X, announced the launch details in a forum post, revealing that the initial circulating supply of JUP would be 1.35 billion tokens, a reduction from the previously projected 1.7 billion. This adjustment brought the total supply to 10 billion JUP tokens, split evenly between team and community wallets. The airdrop constituted 10% of the total supply, amounting to 1 billion JUP. Read More


 

Pig-butchering scams morph into DeFi threats

Online criminals responsible for “pig butchering” scams are increasingly using fraudulent decentralized finance (DeFi) applications to steal from victims, a report from antivirus firm Sophos suggests.

As Cointelegraph previously explored, pig butchering scams have become lucrative for online criminals. In November 2023, the United States Justice Department seized $9 million from a scheme that preyed on more than 70 U.S. citizens.

Pig-butchering scams involve criminals methodically building an online relationship with a victim, romantic or platonic, before convincing them to invest in a business or scheme. These schemes typically end in “rug pull” fashion, with the criminals stealing funds and cutting communication with victims.

Sophos’ report notes that pig butchering is becoming one of the fastest-growing segments of online fraud, with U.S. victims losing billions of dollars to fraudulent cryptocurrency-related investment schemes. Read More


 

How to Farm the Aevo Airdrop on Ethereum

Aevo, an Ethereum decentralized perpetual futures and options exchange, announced an airdrop program this week. Here's how to make the most of it.

Aevo, a decentralized perpetual futures and options exchange built on a custom Ethereum layer-2 utilizing the Optimism tech stack, announced an airdrop and farming program on Wednesday. The airdrop is intended to reward early adopters of the Aevo exchange with its upcoming token, AEVO.

Any traders who used the exchange before the announcement will be eligible for the airdrop—but Aevo is also allowing users to gain additional tokens through its new farming program. The airdrop itself will be conducted when the farming program ends, so there’s still time to earn some AEVO ahead of its distribution.

Here’s how crypto traders can best position themselves for the AEVO airdrop, based on what we know so far. Read More


 

How to use stablecoins for everyday transactions

Discover the ease and security of utilizing stablecoins in your daily transactions, revolutionizing the way you handle digital payments with stability and convenience.

Stablecoins, which provide stability and value preservation for consumers, stand out as a reliable bridge between digital assets and everyday transactions in the volatile world of cryptocurrencies. This guide explores the practical aspects of utilizing stablecoins in day-to-day financial transactions. 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.

 

 

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