x
Image Source: Pixabay
Solana's BONK Becomes 69th Largest Coin as Market Cap Tops $1 Billion
BONK continues its recent boom with a 64% surge on the day, landing in the meme-friendly #69 spot on CoinGecko’s market ranking.
Solana-based meme coin BONK solidified its meme status Thursday morning, landing at 69th on CoinGecko’s ranking of the most valuable cryptocurrencies as its market cap surged above $1 billion for the first time ever.
BONK is booming again, as it has over the past several weeks, popping 64% over the past 24 hours as of this writing to set another all-time high price. The price for the Solana token jumped as high as $0.00001755 late Thursday morning after BONK was listed on Coinbase, America’s largest crypto exchange.
Meme coins are famously volatile, however, and BONK is no different. It quickly dipped about 6%, but then continued climbing to nearly match its all-time high again, with a current market cap of nearly $1.05 billion. Read More
Coinbase International Exchange Launching Spot Crypto Trading
Coinbase International is launching spot crypto trading for non-U.S. customers. “The launch and expansion of spot trading on Coinbase International Exchange will occur over several phases,” Coinbase detailed. “Our primary focus at the outset will be to build liquidity and create a robust foundation. In the coming months, we plan to expand the product to include retail users, additional assets, and features that enable new trading strategies and enhance capital efficiency.”
Coinbase International’s Crypto Spot Trading:
Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Wednesday that Coinbase International Exchange is launching spot markets. The announcement explains:
The launch and expansion of spot trading on Coinbase International Exchange will occur over several phases. Read More
Ethereum Scaler Arbitrum Suffers Outage—And Inscriptions Are to Blame
Arbitrum and other chains have recently been bombarded by users making "inscriptions" as on Bitcoin, even though such networks support NFTs.
Ethereum scaling network Arbitrum reported a "partial outage" Friday, bringing activity on the Arbitrum One blockchain to a standstill for the first time since June.
Offchain Labs, the company that developed Arbitrum, announced that the network stalled at 10:29am ET Friday due to “a significant surge in network traffic.” The issue remained unresolved for well over an hour, ultimately resuming at 11:57am ET.
Friday afternoon, Offchain Labs confirmed that the cause of the activity surge was indeed an abundance of "inscriptions," as widely suspected—that is, artwork and media being etched onto the blockchain, akin to NFTs but entirely on-chain. Read More
Solana Weighs Demand for Saga Phones After Sellout Amid BONK Boom
The Saga is sold out in the U.S. and EU supplies are nearly tapped out. Solana Labs told Decrypt how it’s assessing next moves.
Solana Saga smartphones are suddenly selling like hotcakes, apparently, after crypto traders realized that they came with an airdrop of BONK meme coins valued at more than the cost of the hardware. But with the full production run about to be tapped out, it's fair to ask, will Solana Labs produce more devices—or even make a next-generation phone?
For now, Solana Labs—the startup that comprises the network's founders—is keeping the door open, saying that it will assess both demand and developer interest in building apps for the Saga ecosystem before committing to any next step.
“We’re extremely excited by this surge in momentum and interest in Saga,” a representative told Decrypt. “Right now, our priority is to continue listening to our community so that we can understand what this demand looks like, both now and in the future, and assess what comes next.” Read More
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
Vesting in crypto, explained
The process of locking down cryptocurrency tokens or coins for a predetermined amount of time before allowing the tokenholder to fully access or transfer them is known as crypto vesting.
It is commonly used in initial coin offerings (ICOs), token sales and other cryptocurrency-related fundraising activities. Crypto vesting aims to incentivize long-term dedication and deter early investors or team members from hastily selling their tokens for a profit and then leaving the business. Individuals or entities that get tokens gradually gain access to them over time, usually at predetermined intervals, by imposing a vesting period.
While vesting schedules are subject to change, they usually consist of a waiting period (known as the cliff) followed by regular periods of release. Tokens may, for instance, have a one-year cliff and then be made available in equal monthly payments after that. Read More
‘Tens of millions’ to enter Web3 through gaming in 2024 — GameFi execs
Gaming studio founders Yat Siu and Johnson Yeh think more people are coming to Web3 next year — and blockchain games are why.
Crypto market hype and the “commercial release” of several highly anticipated blockchain games will likely onboard “tens of millions” of gamers to Web3 in 2024, according to Web3 gaming execs.
“2024 is a growth year in terms of bringing people on to Web3,” said Yat Siu, co-founder of gaming and venture firm Animoca Brands, in an interview with Cointelegraph.
In the last three months, around 1 million — or more — unique active wallets have played Web3 games daily, according to DappRadar data. However, Siu believes there could be up to 100 million more next year.
“Many of the gaming titles that are about to be released were in alpha or beta stages in 2022 and 2023 and are now all coming out to commercial launch in 2024.” Read More
SocialFi Startup Reach Aims to Improve Crypto Twitter With Anti-Bot Protocol
The latest addition to the "point" meta seeks to address the challenges of Crypto Twitter with the support of Seedphrase, Pranksy, Gmoney, and Zeneca.
There’s a new SocialFi player in town, with an ambitious plan to help users and businesses navigate the latest changes to Twitter’s algorithm and fight the bots.
SocialFi startup Reach today announced that its “fit-for-purpose” protocol, powered by its Ethereum-based REACH token, is rolling out of beta and on track for a full launch on Monday. The company also announced that it has raised $1 million in funding, at a $3 million valuation, from a host of pseudonymous Crypto Twitter celebs, including Seedphrase, Pranksy, Gmoney, and Zeneca.
“Twitter is the home of the international crypto community, yet the platform, the algorithm, and the millions of fake profiles are a constant source of frustration to people and businesses alike," said founder Harold Eytan (aka 8an). “We’re here to change this, and we’ve built a fit-for-purpose protocol and gathered together some of the biggest names in crypto to help us achieve this mission.” Read More
Bitcoin L2 Solutions Witness Decline, Lackluster Demand Despite Surging Transaction Fees
On Saturday, December 16, the cost of transacting in bitcoin eclipsed its previous peak from May 8, 2023, surging past $40 per transaction. The trend of escalating onchain fees began on the final day of October, steadily increasing thereafter. Numerous crypto proponents foresaw this spike, suggesting a potential shift to Layer two (L2) platforms as a prudent measure. Despite an initial increase in the quantity of BTC on the Lightning Network from late October to November’s conclusion, approximately 350 bitcoin have been withdrawn in the subsequent one and a half months.
The Rush to L2s Remains Underwhelming:
After a brief pause in September 2023, Ordinal inscriptions surged towards October’s end, currently accounting for 40-50% of Bitcoin’s transactions. In November, BTC miners hit record highs, processing an unprecedented number of transactions in a single day, and earning substantial fees from these inscriptions.
Yet, the surge in inscription use, combined with bitcoin’s financial transactions and rising prices, has led to a significant build-up of unconfirmed 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.
