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ENS Partners Godaddy to Link Domains and Web3 Addresses
Ethereum Name Service (ENS), a Web3 service provider, and Godaddy, a domain and web hosting company, announced they are partnering to link domains with Web3 addresses. The link between current internet domains and Ethereum-based domain services will allow users to leverage their current domain across Web3 applications, easing the entrance of newcomers to the space.
Ethereum Name Service (ENS), a provider of blockchain-based domain names, and Godaddy, an internet name service and web hosting company, have announced a partnership to provide an easy integration path for their services. The team-up allows Godaddy customers to use a conventional Domain Name Service (DNS) address for crypto-related transactions instead of a long standard Ethereum address, easing the onboarding of these users into the Web3 ecosystem.
The functionality was added as a new feature in Godaddy’s admin app, called crypto wallets, that allows for free linking on an active domain name with an Ethereum cryptocurrency address. Read More
Solana Mobile's ‘Chapter 2’ Crypto Phone Surpasses 60,000 Preorders
Solana Mobile’s upcoming “Chapter 2” crypto phone has already garnered 60,000 preorders, signaling a robust demand nearly a year before its anticipated release in 2025. This milestone was announced through a post on X by Solana Mobile, extending gratitude towards the community for its steadfast support and belief in their vision.
“Chapter 2” is poised to be the successor to the Solana Mobile Saga, the brand’s inaugural crypto phone which made waves in the market for its innovative integration of cryptocurrency functionalities.
Anatoly Yakovenko, co-founder and CEO of Solana Labs, shared his excitement over the community’s response. “The response to Solana Mobile has been incredible,” Yakovenko stated. “Since Chapter 2 was announced, we’ve had over 60,000 preorders and built a real community of dedicated users.”
Scheduled for a 2025 rollout, the “Chapter 2” device seeks to offer a more affordable gateway into the world of crypto, with a preorder price set at $450. Read More
Onchain Bitcoin Fees in 2024: A Closer Look at Transaction Costs and Delays
Data gathered over the last 36 days reveals that the Bitcoin network’s average transfer fee has consistently exceeded the $3.68 mark, while costs for median-sized transactions have not dipped below the $1.67 threshold. As of Feb. 6, 2024, insights from Bitcoin’s transaction queue highlight a significant backlog of 221,799 transactions awaiting confirmation.
Although network transaction fees in 2024 are still substantial, they haven’t reached the peaks observed in mid-December 2023, the latest data from Tuesday suggests. For example, on Dec. 17, 2023, the peak average transaction fee soared to $37.67 per BTC transfer. The initial five weeks of 2024 have seen the average fee stabilize at $9.39 per transaction across all 36 days.
2024’s peak day for Bitcoin’s network transaction fees occurred on Jan. 2, marking the average transfer cost at $17.32 per transaction. Read More
MetaMask Users Can Now Get Crypto From Robinhood via New Integration Update
Blockchain software leader Consensys is partnering with trading platform Robinhood to integrate Robinhood Connect with MetaMask, the most popular web3 wallet.
According to a new press release, the partnership allows MetaMask users to seamlessly purchase crypto assets directly within the wallet using Robinhood’s order engine.
The announcement says that the collaboration represents MetaMask’s ongoing effort to make web3 accessible and user-friendly, while maintaining secure self-custody for its users’ digital assets.
The collaboration aims to connect Robinhood Connect with MetaMask’s Buy Crypto aggregator to allow customers of Robinhood to more easily purchase digital assets. The integration aims to combine two top finance and web3 platforms for enhanced convenience. Read More
Also, Updates On New Integrations And The Markethive Wallet
As the bear market continues with its crypto-cleanse and traders bemoan the adverse price action, some industry leaders opine these conditions will eradicate bad actors and create more significant opportunities for upcoming projects and future participants. Several leading crypto analysts and engineers embrace the idea that this is the time to engage in moves leading to the loftiest gains when the bull cycle returns.
Markethive stands firm with these sentiments and continues to build its next-generation entrepreneurial platform and be ready for the market-cleansed bull run. Those on the Markethive journey may be aware that new features are being integrated into the newsfeed in preparation for the five-channel dashboard housing various feeds.
The innovative five-channel dashboard integration will consist of five newsfeeds—the general newsfeed, the blog, the video channel, curation, and surveys.
It will significantly streamline your activities and business facilitation and will include a search engine so you can build your personal algorithms. This will save time and effort by eliminating what you don’t want to see in your newsfeeds, be more intuitive, and enhance the user experience.
CEO of Markethive, Thomas Prendergast, and the team of engineers have made substantial headway with the wallet. It is all but done, and the release is imminent. It’s not a simple wallet that just transfers coins. It is a complete portfolio and accounts of all your transactions, payments, and affairs, including your ILPs. The wallet comprises fourteen major foundational processes and is your internal wallet on the Markethive database. Read More
Binance Co-Founder Yi He Champions Transparency and Security Amidst Crypto Evolution
Binance Co-Founder Yi He addresses the crypto community with vital announcements on enhancing listing transparency and security measures, showcasing Binance's proactive approach in combating scams and ensuring a trustworthy trading environment.
In an era where the crypto industry confronts continuous scrutiny and challenges, Binance, under the leadership of its co-founder Yi He, has taken significant strides to uphold transparency and security across its platform. Yi He's recent communications via social media have cast light on Binance's unwavering commitment to fostering a safe and equitable trading ecosystem amidst the dynamic landscape of cryptocurrency trading.
Yi He's engagement with the community through social media brings attention to the intricate issues surrounding token listings and the precautions necessary to mitigate risks associated with scams and fraudulent activities. Her advocacy for vigilance and the need for an informed community resonate with Binance's broader objectives to implement stringent security measures and compliance protocols. Read More
Ethereum Name Service open to building own layer 2 — ENS director
ENS executive director Khori Whittaker says ENS is going “heavy” on research and development for layer 2s, adding that much of the conversation between developers is focused on Optimism.
Ethereum Name Service is “heavily” focused on researching ways to build its protocol on Ethereum layer-2 networks and may even consider launching an in-house layer 2 of its own, revealed ENS executive director Khori Whittaker.
In an interview with Cointelegraph, Whittaker remained tight-lipped on the specific details of its research and development process, but said the ENS team is currently debating if it should build its integration on a pre-existing Ethereum layer-2 network or release an in-house L2 it dubs “the identity layer.”
“We’re heavy in research and development on the path of layer 2 applications, so I think this year you’re going to see some tangible outcomes of that research.”
Whittaker revealed that the bulk of the conversations between ENS developers were focused largely on pursuing development on Optimism. Read More
Using Farcaster? You Can Qualify for This Airdrop—Here's How
DEGEN, the first meme coin to take off on crypto social media protocol Farcaster, has an upcoming airdrop. Here's how to earn a share.
Farcaster, a decentralized social media protocol, is seeing substantial growth after launching its newest feature: Frames. Frames allow users to perform a suite of functions within Farcaster apps without leaving, which means that you can embed an Ethereum ERC-20 token mint, a playable online game, or even sell Girl Scout Cookies directly within a cast.
Frames have brought a lot of attention to Farcaster, and the app that many users use to interact with the Farcaster protocol, Warpcast. One byproduct of the increased attention is a wave of speculators eager to bid on the newest flavor of meme coins: meme coins launched through Farcaster itself. Read More
Crypto use in money laundering ‘far below’ cash — US Treasury
A detailed report on money laundering in the United States highlights that cash remains king for criminals looking to launder illicit funds.
Cash, not cryptocurrencies, remains the go-to money laundering method for criminals and organizations, according to a detailed risk assessment report from the United States Treasury Department.
Three separate reports delving into money laundering, terrorist financing and proliferation financing unpack the current landscape in which criminal organizations acquire, launder and move funds locally and abroad.
A primary takeaway is that criminals and transnational criminal organizations continue to use cash. The Treasury highlights the anonymity, stability and ubiquity of cash as a means of payment as a primary reason why it remains the preferred method of laundering illicit proceeds.
Meanwhile, the report highlights that virtual asset use remains far below fiat currency’s use for money laundering: 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.
