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Decade of Resilience — A Look at 10 Pioneer Crypto Companies That Are Still Standing
Over 15 years have passed since Satoshi Nakamoto launched the crypto revolution with the release of the Bitcoin white paper. On the brink of January 3, 2024, the network celebrates a decade and a half of continuous activity. Though many companies folded in 2023, several of the original players remain in the game. This overview showcases some of the first crypto firms still in operation, detailing their business activities and longevity in the marketplace.
10 Companies Riding Out the Crypto Storms:
This year witnessed the downfall of numerous big names in the industry, with others still reeling from the impact. Nonetheless, a considerable number of seasoned cryptocurrency companies have weathered multiple storms and remain in business. A select few of these firms have surpassed a decade of operation, sailing through with minimal turbulence, while other foundational businesses have faced challenges potent enough to threaten their existence. The subsequent overview provides insight into some of the most established digital currency enterprises that are operational to date. Read More
Cardano To Leverage Polkadot’s Substrate For Partner Chains
Cardano, the blockchain project founded by Ethereum co-founder Charles Hoskinson, has unveiled its plan to utilize Polkadot's Substrate framework to develop its forthcoming "partner chain" initiative.
Utilizing Polkadot's Substrate Framework:
Polkadot, a prominent player in the blockchain space, took to Twitter to announce Cardano's intention to leverage Substrate, which serves as the base for the Polkadot Software Development Kit (SDK). This collaboration aims to demonstrate Substrate's versatility in the Web3 environment and its accessibility for various chains and ecosystems.
With the integration of Polkadot’s Substrate framework, Cardano is transitioning from a single blockchain concept to a web of multiple chains, each with its unique strengths and capabilities. This approach aligns with the broader industry trend of interoperability and collaboration among blockchain networks. Read More
Caitlin Long’s Custodia Bank launches Bitcoin custody platform
Custodia Bank’s launch of Bitcoin custody follows a series of regulatory challenges the firm faced earlier this year.
Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin advocate Caitlin Long, has launched its Bitcoin custody platform.
The firm took to X (formerly Twitter) on Nov. 7 to announce the launch of Custodia Bank’s Bitcoin custody service targeting businesses like fiduciaries, investment advisers, fund managers and corporate treasurers.
Custodia Bank started rolling out custody in October 2023 after receiving approval from the Wyoming Division of Banking, Custodia founder and CEO Long told Cointelegraph. "The regulator conducted the statutorily required pre-launch examination of us," the exec said, adding that Wyoming has specific rules that its special-purpose depository institutions must meet before launching custody. Read More
Cardano upgrade delays tied to measured academic approach — CEO
Cardano Foundation CEO Frederik Gregaard told Cointelegraph that the pieces of research that the network has “spent years of doing and implementing” are already being used by some of the fast-moving blockchain platforms.
Cardano has come under fire from critics for delays in the rollout of features and network upgrades. This slower-paced cadence, however, appears to be a badge of honor to Cardano Foundation CEO Frederik Gregaard, who said that the network is “boring,” considering the platform’s academic approach.
“Cardano is boring. We are boring because we are based on academic peer-reviewed papers, [and] we are sharing that across the globe,” Gregaard told Cointelegraph on the sidelines of the recent Cardano Summit in Dubai.
The executive pointed out that the pieces of research that Cardano has “spent years of doing and implementing” are already being used by some of the fast-moving blockchain platforms, which he feels “incredibly proud” of:
“If they take some of the core principles we’ve researched and invented, this is good for the earth… [and] humanity at large because this makes more resilient, more adaptable blockchains around the world.” Read More
Markethive Leading The Way In Web 3 Social & Market Media
Web 3.0 is the next generation of the internet, which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet.
There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like IPFS can also be used to decentralize networks.
Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it.
Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully,
“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.” Read More
Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf
The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners.
Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.
Onafriq will use Ripple Payments’ blockchain technology along with three partnering companies. Zazi Transfer will provide transfer services to Australia, PayAngel will serve the U.K., and Pyypl will serve GCC member states Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Remittances make up a large part of cross-border payments to Africa. Ripple senior vice president of global customer success Aaron Sears told Cointelegraph:
“Sub-Saharan Africa has proven to be a bright spot of crypto adoption, with consumers in countries like Nigeria, Kenya, and South Africa employing digital assets for real-world, day-to-day purposes.” Read More
Binance launches Web3 wallet for its 150M registered users
The Binance Web3 wallet has been launched within the primary Binance app, which is predominantly used for trading cryptocurrencies.
Crypto exchange Binance announced the launch of its new Web3 wallet at the Binance Blockchain Week conference in Istanbul, to be made available to all users via the Binance mobile app.
During the launch, Changpeng “CZ” Zhao, CEO of Binance, revealed the intent behind launching the service:
“Web3 wallets represent more than just storing digital assets — they are an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance.”
For the purpose of simplicity, Binance’s Web3 wallet launches within the primary Binance app, which is predominantly used for trading cryptocurrencies. The wallet uses multiparty computation (MPC), which is used to break a user’s private keys into three smaller parts known as key shares. Read More
OneSpan unveils quantum-safe blockchain storage
OneSpan, a digital agreements security company, has announced a unique new capability to its market-leading e-signature solution, OneSpan Sign, to give organisations a better way to safeguard the provenance of a document against emerging security threats.
The newest addition to OneSpan’s portfolio, Trust Vault, helps guarantee the integrity and long-term viability of documents on immutable storage based on blockchain technology, throughout the lifetime of the document.
With recent technology developments related to AI and the rise of quantum computing, it’s increasingly clear that the integrity of digital agreements is under attack, leading to data loss, manipulation, identity or asset theft, and legal consequences for an organisation. Today’s existing e-signature and general cloud storage solutions cannot guarantee the authenticity of documents over extended periods of time. OneSpan Trust Vault combines traditional digital signatures with blockchain technology to create quantum-safe proofs. These quantum-safe blockchain transactions prove the origin date and integrity of the digital agreements and are not dependent on private keys that might be leaked or hacked. OneSpan’s Trust Vault capability is a leading solution that can provide long-term evidence of the authenticity of valuable agreements and transactions. Read More
Bitget integrates DeFi aggregator into crypto exchange app
The new feature lets users access liquidity from various decentralized exchanges, including Uniswap, PancakeSwap and Curve.
Crypto exchange Bitget has integrated a decentralized finance (DeFi) aggregator into its crypto exchange application, allowing users to swap their tokens and access DeFi services through its Web3 Wallet.
According to Bitget, the effort aims to provide users with options for trading their crypto assets on the exchange. The app will also gradually include other services, including a non-custodial wallet, a nonfungible token marketplace and a decentralized application, according to Gracy Chen, managing director of Bitget.
In addition, Chen also told Cointelegraph that most currencies listed on the exchange will be available in the wallet for DeFi trading. According to Chen, the swap feature aggregates liquidity from 10 decentralized exchanges, including Uniswap, PancakeSwap and Curve Finance. 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.
