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Liquid Crypto welcomes new partner JFIN Chain to its ecosystem
Liquid Crypto has announced a new partnership with JFIN Chain, Thailand’s biggest blockchain developed by J Ventures, a subsidiary owned by Jaymart Group Holdings Pty.
J Ventures, a technology platform and digital transformation developer in the Jaymart Group, announced its readiness to bring the Thai blockchain JFIN Chain, and the JFIN coin to Liquid Crypto platform earlier this year. On October 4, the integration of JFIN Chain to Liquid Crypto was officially finalised, enabling further business growth for both parties and expanding innovative blockchain worldwide.
Liquid Crypto is a complete DeFi solution that allows users to complete all of their transactions effortlessly in the one platform using just a few clicks. The platform integrates Liquidity Pools, Swaps and Bridging into one location, allowing users to successfully and easily complete all their transactional needs in the most secure environment due to the use of smart contracts (no intermediary with assets).
The new partnership further solidifies Liquid Crypto’s standing in the Web3 space, reinforcing its position as a trusted and influential player within the decentralized ecosystem. It also paves the way for the next 20 prominent project partners and chains that have already signed up to use the platform. Read More
British MPs urge action on NFT copyright infringement, crypto fan tokens
A U.K. parliamentary committee called for a crackdown on sports fan tokens and recommended the government issue a code of conduct for NFT platforms.
A bipartisan parliamentary committee has urged the government of the United Kingdom to protect creators from copyright infringement associated with nonfungible tokens (NFTs) and address potential harms from sporting groups issuing digital assets.
In an Oct. 11 press release, Culture, Media and Sport Committee members warned the “most pressing issue” was the risk to artists’ intellectual property rights arising from the ease and speed at which NFTs can be minted, compared with the slow process for artists looking to enforce their rights.
“Artists are at risk of seeing the fruits of their hard work pinched and promoted without permission, while fraudulent and misleading adverts add an extra layer of jeopardy for investors involved in what is already an inherently risky business,” said committee chair Dame Caroline Dinenage. Read More
9 factors to consider when choosing a blockchain consensus mechanism
Both broad and narrow considerations come into play when choosing a blockchain project’s consensus mechanism.
With great power — and decentralization — comes great responsibility. Creators of a blockchain project have many decisions to make, among them which consensus mechanism to employ. As with so much in crypto, there’s no singular “industrywide” solution or preference, and there are multiple details to review when making the choice.
While security and reliability are always top priorities, forward-looking blockchain projects must take both project-specific details and evolving trends into consideration before making a final decision. Below, nine members of Cointelegraph Innovation Circle discuss factors a blockchain project should consider when choosing a consensus mechanism and why they can play a role in long-term success. Read More
Ethereum DeFi Exchange AirSwap Rolls Out NFT Marketplace
The DEX is marking its sixth anniversary with upgrades across its peer-to-peer crypto platform.
AirSwap launched several new features for users of its decentralized exchange on Tuesday, including a decentralized NFT marketplace, new over-the-counter (OTC) trading features, and voter rewards.
The move to support a broader decentralized economy aligns with AirSwap’s ethos, co-founder Don Mosites told Decrypt in an exclusive interview.
“The underlying mission is to bring the idea that decentralized trading is good for everyone to NFTs,” Mosites said. “Centralized venues over the years have grappled with multiple issues, whether its hacks or mismanagement—you run the same risk with NFT platforms.”
Launched in 2017 by founders Michael Oved and Don Mosites, AirSwap is a cryptocurrency exchange that lets users buy and sell digital assets without a third-party intermediary. 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
Bitcoin needs Ethereum VM to reach its full potential — Web3 exec
Botanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.
Mainstream Bitcoin adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.
Speaking to Cointelegraph, the founder of cross-chain infrastructure firm Botanix Labs, Willem Schroé, claimed Bitcoin “needs to start playing in the EVM world” for it to build real-world use cases to increase its adoption and utility.
“Bitcoin is the most technologically secure and truly decentralized protocol [and] the EVM has proven itself to be the application layer for the global financial system,” Schroé said.
While Bitcoin is typically used as a peer-to-peer payment system or for storing value, Schroé said its potential won’t be fulfilled unless the cryptocurrency can connect to the broader financial system, such as with security and commodity markets. Read More
Amazon and Immutable Want to Make it Easier to Launch Crypto Games
Crypto firm Immutable has joined Amazon Web Services' ISV Accelerate Program to develop blockchain gaming infrastructure solutions.
Blockchain gaming firm Immutable is working with Amazon Web Services (AWS) to develop infrastructure solutions for the crypto gaming industry, Immutable announced Tuesday, in an effort to make it easier for developers to launch and scale their blockchain games.
Immutable has joined AWS’s ISV Accelerate Program, a sales program for companies that use AWS services in their products. Game developers using the Ethereum-compatible Immutable X blockchain can now join AWS Activate, a program for startups that offers technical support, up to $100,000 in AWS credits, and other resources.
“By joining AWS ISV Accelerate and AWS Activate programs, we’re able to provide our vast network of game developers with a turnkey solution for quickly building and scaling web3 games,” said Immutable Chief Commercial Officer Jason Suen in a statement. Read More
Bitcoin Stands Apart in the Crypto Economy, Fidelity Digital Assets Report Says
A new report from Fidelity Digital Assets argues that Bitcoin is fundamentally different from other digital assets and should be evaluated separately when constructing crypto investment portfolios.
Fidelity Digital Assets Highlights Distinctive Value and Assessment of Bitcoin in Crypto Portfolios:
The globe’s third-largest asset manager, boasting a staggering $4.24 trillion in discretionary assets under management (AUM), is fervently bullish on BTC. Its affiliate, Fidelity Digital Assets (FDA), is wholeheartedly committed to the crypto-centric investment realm.
FDA’s most recent research report suggests that projects beyond bitcoin warrant a unique assessment, distinct from that of bitcoin itself. “Investors should hold two distinctly separate frameworks for considering investment in this digital asset ecosystem,” said report authors Chris Kuiper and Jack Neureuter.
The authors add:
The first framework examines the inclusion of bitcoin as an emerging monetary good, and the second considers the addition of other digital assets that exhibit venture capital-like properties. Read More
New Solana (SOL) Update Brings ‘Confidential Transfers’ for Increased User Privacy
A new update to Ethereum (ETH) competitor Solana (SOL) has enabled confidential transfers for the project’s token standard.
Solana’s network of validators was able to reach a supermajority, approving the adoption of Solana’s v1.16 update after nearly 10 months of development and testing.
The update includes the rollout of confidential transfers for SPL tokens, the token standard for Solana network tokens (like ERC-20 tokens for Ethereum), according to a recent press release from Helius, a Solana developer platform.
Confidential transfers will use zero-knowledge (ZK) proofs to encrypt the balances and transaction amounts of SPL tokens. 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.
