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Coinbase Introduces Messaging Service to Its Self-Custody Wallet
The feature is essentially an interoperable cross between Telegram and Cash App.
Coinbase users can now communicate using encrypted messages through Coinbase Wallet, the cryptocurrency exchange’s self-custodial wallet product announced today.
The service was built in collaboration with Texas-based startup XMTP, and it uses the firm’s open-source Web3 messaging network. The feature is a new way for people to engage with crypto, Coinbase said in a press release, and will initially be rolled out to a small subset of its users.
Tapping XMTP’s network, Coinbase Wallet’s messaging service supports Ethereum addresses that are human-readable, including those that leverage the Ethereum Name Service (ENS), as opposed to just wallet addresses consisting of a lengthy string of characters.
Coinbase Wallet users already have access to personalized wallet labels through Coinbase Decentralized ID (cb.id), which the exchange created in collaboration with ENS. And while there are costs associated with securing an ENS domain, Coinbase’s labels are free. Read More
Polygon Outlines Launch of New POL Token in Latest Network Upgrade
As part of its transition to Polygon 2.0, the founding team has proposed an upgraded token called POL and to deprecate MATIC.
With a newly redesigned system's architecture, the team behind Polygon is now looking to launch an upgraded token to christen the upgrade.
Called POL, Polygon has dubbed the token a "3rd generation token" after Bitcoin and Ethereum. In terms of function, the new Polygon token will let POL holders also become validators within the network, allowing them to validate any number of chains and networks that Polygon is seemingly spawning every day.
Importantly, this token is an upgrade from the MATIC token, which will be deprecated as part of the move.
The Polygon team will share more details of the token's smart contracts in a yet-to-be-posted Polygon Improvement Proposal (PIP). Read More
Ruling on Ripple XRP Sales Sparks Optimism at Coinbase
Judge Torres' partial ruling on the SEC vs. Ripple Labs case yesterday has added a new dimension to the agency's lawsuit against Coinbase.
If not for Federal Judge Analisa Torres, Coinbase’s first pre-trial hearing in its battle against the Securities and Exchange Commission might have garnered more attention.
But Torres—who sits in the same Southern District of New York where Coinbase’s SEC case will be heard—stole the spotlight when she issued a partial ruling on the SEC v. Ripple Labs case Thursday morning.
“The court ruled that Ripple’s XRP sales through digital asset exchanges are not securities transactions,” Coinbase Chief Legal Officer Paul Grewal told Decrypt in a written statement. “The relevant aspects of those XRP sales operate the same way the majority of digital asset trading operates on exchanges like Coinbase.” Read More
7 blockchain-based platforms for content creators
From Steemit and LBRY to Ujo Music and SuperRare, discover how blockchain technology empowers content creators in the digital age.
Blockchain technology has recently penetrated a number of sectors, altering the way we do business, store data and interact with digital assets. The decentralized and transparent nature of blockchain also benefits content creators, including authors, musicians, artists and photographers.
Blockchain-based platforms offer unique opportunities for content creators to protect their intellectual property, receive fair compensation, and engage with a global audience. This article will explore seven blockchain-based platforms that enable content producers to earn money from their work while retaining creative control. Read More
Great news, Markethivers! The wallet is now installed on the Markethive platform. Markethive has kept its promise and delivered a complete working wallet. This mighty, robust, and secure wallet encompasses all aspects of facilitating your business and securing all your financials within Markethive, like earnings and payments, dividends paid from your ILPs, retail products, etc.
This is a significant step in the right direction for monetizing Markethive’s ecosystem as it endeavours to ensure and restore sovereignty and financial freedom increasingly being stripped from us by a global authoritarian regime. This article will illustrate what you need to know and do to access the now-operational wallet.
Understand that access and functions of the wallet are only for Entrepreneur One (E1) members at this stage. E1 members can now retrieve their Hivecoin (HVC) from their cold storage to their hot wallet. (You can do this in preparation for the forthcoming coin exchanges and your 3rd party self-custody wallet.) You can also transfer HVC to other members within Markethive via the wallet. Read More
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Kraken, Crypto.com Join Coinbase in Relisting XRP After Court Ruling
Though the judge’s decision didn’t relate to secondary sales, exchanges are signalling greater confidence in trading XRP.
More major exchanges have reintroduced XRP to their platforms, following a U.S. court ruling on Thursday morning.
Kraken, Crypto.com, and Bitstamp have all greenlit trading of the cryptocurrency, which is the native token of the Ripple protocol after Coinbase did the same.
The rush to make XRP available again to U.S. users comes in the wake of a partial ruling in the Securities and Exchange Commission's case against Ripple Lab.
Federal district judge Analisa Torres ruled that the XRP token “is not necessarily a security on its face,” except when sold to raise funds from institutions.
Although the case did not concern secondary sales of XRP, the decision to proclaim that it is not a security has boosted the confidence of crypto exchanges to offer the token.
“We view the Court's decision as a first step toward meaningful legal clarity in the US,” Marco Santori, Kraken’s chief legal officer, said on Twitter. “Clarity allows us to plan, to hire and to invest in here, where we were founded.” Read More
Travel will create a new wave of Web3 mass adoption: Here’s how
The travel industry can create a new wave of mass adoption in Web3, and over 150 companies are already working on it.
The travel industry has long been a behemoth, catering to the diverse needs of nearly 2 billion digitally savvy users each year. When it comes to technological innovation, however, it has remained a sleeping giant.
That is, until now. The industry is finally waking up to the transformative power of Web3 technologies and stands on the precipice of a profound revolution that will reshape the way people travel. This shift is not just about shaking up a colossal $850-billion business — it goes far beyond that, and focuses on leading a path toward simplicity, efficiency and standardization that is long overdue.
Now, the travel industry is ripe for disruption by Web3 technologies. From decentralized finance (DeFi) and decentralized autonomous organizations (DAOs) to nonfungible tokens (NFTs) and gamification, the travel industry can absorb all the innovation to enhance customer experiences and bring real-life utilities to tokens, introducing the next billion users to the blockchain and crypto ecosystem in the meantime. Now travelers can hold their airline tickets as NFTs that can be used, resold or collected as proof of travel, providing a new level of transparency and security. DeFi can revolutionize payment systems, while GameFi can introduce loyalty and rewards programs tailored to individual travelers. DAOs can facilitate the formation of local communities, communities of travelers and consortia of service providers, fostering collaboration and innovation. Read More
The news comes less than a month after Binance announced their plans to integrate Bit Lightning Network.
Cryptocurrency exchange Binance has completed the integration of the Bitcoin Lightning Network on its platform for BTC withdrawals and deposits.
The development was confirmed by Binance in a July 17 blog post, where they noted that Binance users can now use the layer-2 scaling solution for BTC withdrawals and deposits.
When users now choose to withdraw or deposit Bitcoin, they will now be able to select “LIGHTNING” as an option. Other options include BNB Smart Chain (BEP-20), Bitcoin, BNB Beacon Chain (BEP2), BTC (SegWit), and Ethereum ERC-20.
Binance first hinted at the integration of the Lightning Network in May after it had to temporarily pause BTC withdrawals due to a flood of pending transactions caused by “the recent surge in BTC network gas fees.” Read More
Unstoppable Domains adds .eth domains through Ethereum Name Service
Unstoppable Domains and Ethereum Name Service have dominated the decentralized domain name space as competitors — until now.
Two of the biggest platforms powering Web3 decentralized domains are now available under one roof after Unstoppable Domains announced support for .eth domain names from the Ethereum Name Service (ENS).
The two service providers have been central pillars in the Web3 domain space, allowing users to create human-readable domain names and cryptocurrency wallet addresses. Decentralized domains also act as a profile across the Web3 ecosystem, unlocking a host of functionalities.
As Cointelegraph previously explored, Unstoppable Domains and ENS accounted for a combined six million domain registrations in early 2023, with registrations increasing markedly from 2022 onwards.
Users can now buy .eth names through Unstoppable with added payment methods and functionality to streamline the management of ENS domains. All .eth domains purchased from Unstoppable will be registered through the ENS smart contract and have the same functionality as those registered directly through ENS. 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.
