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Trust Wallet Token Soars 47% as Binance CEO Shills Self-Custody Solution
Amid FTX Exchange’s collapse, the token powering self-custody crypto wallet Trust Wallet has soared as users flee exchanges.
Users are fleeing exchanges and turning to non-custodial wallets amid FTX’s collapse. One wallet in particular, and its corresponding token, appear to be reaping the benefits.
TWT, the native token behind Trust wallet, a self-custodial crypto wallet, has posted 47% gains over the past 24 hours, according to data from Coingecko. Token holders are offered discounts on in-app purchases and can also vote on proposed changes to the wallet.
At press time, TWT trades at around $2.40, retreating from its all-time high of $2.30 recorded earlier today. On a weekly note, TWT has gained nearly 100%.
TWT’s daily trading volume is also up 175% to $70 million in the last 24 hours. With a market capitalization slightly above $849 million, TWT is now the 45th-largest cryptocurrency.
Crypto billionaire and Binance CEO Changpeng Zhao tweeted about the importance of self-custody and prompted users to use the Trust wallet, fuelling the token’s rally. Binance acquired Trust Wallet in 2018. Read More
Cardano (ADA) Founder Charles Hoskinson Issues Warning, Says FTX Collapse Will Bring More Fallout
The co-creator of Ethereum (ETH) rival Cardano (ADA) is warning investors that there will be more fallout from crypto exchange FTX’s recent collapse.
In a new video update, Charles Hoskinson says that the disintegration of FTX may push lawmakers to bring about new regulations for the digital assets industry.
Hoskinson says that FTX was not a failure of crypto itself, but of flawed and centralized infrastructure around it.
“Crypto didn’t fail. People failed. People in positions of trust. At the end of the day, as much as we like to believe in the principles of cryptocurrency, this had everything to do with people putting their money in centralized exchanges and organizations entrusting centralized businesses to do something on their behalf.
That’s the very industry we’re trying to get rid of with the cryptocurrency space. Unfortunately, it’s going to now be conflated and there’s a very high possibility that the fallout of this will be new legislation, hopefully decent legislation, but there’s a strong possibility that it won’t be.” Read More
Uniswap Overtakes Coinbase as Second-Largest Exchange Trading Ethereum Today
Today, Uniswap became the second-largest exchange after Binance for Ethereum trading in the last 24 hours.
Traders are flocking to decentralized exchanges (DEXs) in the wake of FTX’s sudden, catastrophic implosion.
One DEX, in particular, has risen overnight to become the world’s second-largest venue for trading Ethereum: Uniswap.
Uniswap inventor Hayden Adams shared the news on Twitter today, citing analysis by Nansen CEO Alex Svanevik.
DEXs let customers trade crypto while retaining full control over their funds, unlike centralized platforms, providing a greater level of protection against withdrawal freezes or network outages.
At the time of tweeting, Uniswap had hosted north of $1 billion in Ethereum trades in the last 24 hours, nearly double the volume of Coinbase, the second-largest centralized exchange (CEX) in the world by total trading volume.
The numbers have since fallen, although Uniswap continues to pip Coinbase, according to data from CoinGecko. Read More
TEAM VITALITY AND TEZOS LAUNCH V.HIVE, THE FIRST BLOCKCHAIN-BASED SUPPORT-TO-EARN MOBILE APP IN ESPORTS
Team Vitality is pleased to announce the launch of the mobile app: V.Hive, the first support-to-earn mobile app in esports based on blockchain. The pioneering mobile app is built on Tezos, the world’s most advanced blockchain and is available now on iOS and Android devices. This launch brings the Team Vitality community closer to the brand and its gaming stars than ever before, leveraging the power of Web3. The goal of V.Hive is to be the most advanced and entertaining fan engagement mobile app that rewards the community for supporting and championing Team Vitality.
A seamless expansion of the eponymous Team Vitality HQ in the heart of Paris, V.Hive invites users to create their own digital identities as stylish insectoid avatars and customise them with exclusive wearables. Fans can earn rewards by engaging and supporting Team Vitality at events and on social media, and climb the V.Hive leaderboard by completing engagement quests. User rewards include limited edition merchandise, access to events, and once-in-a-lifetime experiences with Team Vitality players, such as the #1 ranked CS:GO player in the world Mathieu "ZywOo" Herbaut.
Team Vitality first announced its landmark partnership with the Tezos ecosystem in January 2022, one of the biggest in European esports history, and has since been building its community-first mobile app. In addition to engaging and rewarding the Team Vitality community, V.Hive has been designed to educate its fans on the Web3 universe and onboard them in a simple and accessible way. Read More
We have a lot to be grateful for within Markethive. It’s like stepping out of the rat race into an oasis of humanity at its best. As an inbound marketing, business-based blockchain platform with an inherent entrepreneurial spirit, we have all the tools to get our message out to the whole world. We have a social media interface with a collaborative ethos rarely experienced on legacy social media.
We are starting to see new integrations in the blogging section in preparation for the customized, more intuitive interface and dashboard of Markethive and, of course, the Markethive Wallet that will facilitate the Merchant accounts for members as well as personal transactions, the Vault, etc.
The new-look Blogcasting Hub is located at the top of all blogs in the system. Blogcasting is a term introduced by Markethive and is an enhanced broadcasting system. In the traditional broadcasting sense, only the people who physically subscribe to your blog or newsletter are usually notified of your updates via email.
With this blogcasting system, your social networks are informed of your blog as and when you publish them. What this means is the potential reach is into the millions. Read More
Aurora Network integrates with Fireblocks
The Aurora ecosystem has now joined forces with Fireblocks. As a result, all institutional users on the network will have a better chance of linking up with swift and very cost-effective means of handling their own financial matters. This will provide them with further assurance that all safety factors are in place. Fireblocks will play a significant and accountable role in this context.
This is due to the entity’s primary role in facilitating the efficient management and improvement of asset management-related transactions for its associated users. Tokens, exchanges, settlement concerns, and analytics are all areas that require careful administration in order to function smoothly, which is why they are essential to the success of the network. All of this will be feasible by utilizing the resources of a single user-friendly platform.
To gain a better understanding of what exactly this merger entails, it becomes imperative to unearth a bit more on the basic functionalities of the two entities. In the case of Aurora, it happens to be an Ethereum Virtual Machine (EVM), which has been created on the NEAR Protocol, which is a proof-of-stake-oriented Layer 1 blockchain. Read More
Rosen Bridge is now live on Ergo and Cardano
In recent times, Ergo has experienced a variety of highly favorable and extremely beneficial advancements that are fascinating. The Rosen Bridge being placed live on the Cardano and Ergo are, however, the most noteworthy of any of these developments. This event is currently taking place in the form of a trial launch.
Joseph Armenio, an industry analyst, summed up the Rosen Bridge, a second-layer authentication bridge that relies on Ergo without requiring trust. He continues by saying that the purpose of this bridge is not to make travel faster but rather safer. A main use case for the Rosen Bridge is facilitating the exchange of tokens and currencies between Ergo and other blockchains. In addition, to the best of his knowledge, there is currently no pressing need to employ smart contracts on any other chain. Ergo itself will have the capacity to do all of these things. Read More
Cardano Foundation outlines ADA plans for 2023 - here are the key notes
While the cryptocurrency market continues to struggle with the reverberations of the FTX crash, the Cardano (ADA) team is optimistic about its platform’s future, including the CEO of the Cardano Foundation, Frederik Gregaard.
Indeed, Gregaard expressed excitement over the plans for Cardano in 2023, which he believes will “really move the needle, both short-term and long-term,” as well as expecting the ecosystem to mature outside its community, as he told Learn Cardano’s Peter Bui in an interview published on November 15.
As he explained:
“There are so many things I’m excited about. There are certain integrations that I’m not able to talk about right now, but I’m hoping they will land because they will really move the needle, both short-term and long-term. But I think what I’m mainly excited about is to see Cardano maturing outside the people who know and love Cardano today because what we see around us is mayhem.”
Further listing the advantages of Cardano against the current mayhem, Gregaard said that the platform “keeps running, improving, implementing, and adding value in local communities, and we keep exploring new ways of building blockchain and implementing it around the world.” Read More
Dusk Network To Launch Rolling Incentivized Testnet Activities
As Dusk Network’s protocol evolves towards the next phase of Testnet, unique opportunities arise for those passionate (and savvy) enough to get involved in the process. The rolling Incentivized Testnet will be accompanied by a multitude of initiatives, each adding to the security of the network and opening the doors to compensation for participants but also educating the community on what is required to be a participant within the Dusk Network protocol. If you’re looking to spend your time strengthening the financial framework of the future while racking up rewards, keep reading to find out more.
Rolling Incentivized Testnet is a sign of things to come; a crash test dummy version of the eventual mainnet. Its sole purpose is to be pushed to its absolute limits, every nook and cranny patched and rendered waterproof to prevent any unwanted behaviour, incompatibilities, or openings for exploitation. This testnet is the mold that dictates the shape of our mainnet. There can be no room for errors. That’s where the incentivization comes in.
A campaign such as the one mentioned below is part of the incentives that ensures testnet is properly stress tested. It represents an invitation for all those who are technically inclined to go in and set up their first Provisioner Node on our testnet. Furthermore, it is an opportunity for long-term supporters to actively participate in the security of our testnet by running a provisioner, thereby verifying blocks as they’re created. 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.
