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Chainlink introduces the ‘Chainlink Runtime Environment’ framework
According to Chainlink, the Common Businesses-Oriented Language (COBOL) standard facilitates approximately 95% of all ATM transactions.
Oracle provider Chainlink has revealed the “Chainlink Runtime Environment” — a standard framework for connecting traditional financial architecture, payment systems, and legacy institutions with blockchain protocols and smart contracts within a single, unified ecosystem.
According to Chainlink, the unified Chainlink Runtime Environment will encompass the runtime framework previously established by the Common Business-Oriented Language (COBOL) standard — a programming language created in 1959 that allowed for the advent of electronic banking and automated teller machines (ATMs).
The Chainlink Runtime Environment will also supersede the Java Runtime Environment (JRE) architecture, first developed in the 1990s, which made online banking possible and has grown to dominate online banking applications.
In a Nov. 16 announcement, the oracle provider explained that the ultimate goal behind the unified architecture was to abstract away the complexities of dealing with thousands of unique financial systems to provide a streamlined and efficient user experience. Read More
Ripple Urged to Prepare for IPO as SBI Sees XRP Driving Financial Innovation
Ripple’s potential initial public offering (IPO) is gaining traction as SBI supports the move, highlighting XRP’s market growth and increased regulatory optimism.
Talks about Ripple potentially launching an initial public offering (IPO) have gained traction. Responding to a social media post celebrating XRP’s rise to the sixth-largest cryptocurrency by market capitalization, SBI Holdings CEO Yoshitaka Kitao stated on social media platform X on Saturday, as translated by Google:
Ripple should begin preparing for its IPO as soon as possible once the SEC matter is resolved.
SBI Holdings, a major Japanese financial services entity, has been aligned with Ripple since 2017 to advance cross-border payment innovations. Kitao, a central figure in the Ripple-SBI collaboration, joined Ripple’s Board of Directors in April 2019. His longstanding support of Ripple and XRP dates back to 2017 when he projected XRP as a global standard for digital currency, emphasizing its efficiency, low transaction costs, and scalability. Under Kitao’s direction, SBI integrated Ripple’s solutions into its operations. This partnership has been instrumental in expanding Ripple’s presence in Japan and across the Asia-Pacific.
Ripple CEO Brad Garlinghouse has previously downplayed the urgency of pursuing an IPO. Highlighting the company’s robust financial health, he argued that Ripple does not currently need to raise funds via public markets. Additionally, Garlinghouse pointed to the challenging regulatory environment in the U.S., largely shaped by ongoing disputes with the Securities and Exchange Commission (SEC), as a deterrent to IPO plans. Although Ripple explored international IPO prospects, such initiatives remain on hold. Read More
Netherlands-Based Quantoz Launches Stablecoins EURQ, USDQ Amid Regulatory Push
The new stablecoins will be listed on major cryptocurrency exchanges Bitfinex and Kraken, both of which are investors in Quantoz
Netherlands-based Quantoz Payments has introduced two Ethereum-based stablecoins, EURQ and USDQ, as it seeks to carve a niche in the competitive stablecoin market by aligning with evolving European regulatory standards.
The new stablecoins will be listed on major cryptocurrency exchanges Bitfinex and Kraken, both of which are investors in Quantoz alongside venture capital firm Fabric Ventures.
By leveraging partnerships with industry players and emphasizing regulatory alignment, Quantoz is attempting to target opportunities in corporate payments, consumer ecosystems, and cross-border financial infrastructure.
Stablecoin issuer Tether has also backed the company and has provided access to its Hadron asset tokenization infrastructure, Quantoz said in a statement on Monday. Read More
MicroStrategy Plans $1.75 Billion Convertible Notes Offering to Expand Bitcoin Holdings
It follows MicroStrategy's Monday purchase of another $4.6 billion worth of Bitcoin, bringing its total holdings to 331,200 BTC.
The early bird gets the worm, or so the adage goes. In the case of MicroStrategy, it's been just over four years of steadily stacking Bitcoin—and it wants more.
MicroStrategy said Monday evening that it plans to raise $1.75 billion through convertible notes to buy more of the world’s largest crypto and for “general corporate purposes.”
The zero-interest senior notes will mature in 2029 and be offered to qualified institutional buyers. If everything goes according to plan, the company could get its hands on up to 19,000 additional Bitcoin.
The business intelligence and software company has wasted no time putting its recent purchases to work.
On Monday, MicroStrategy bought another $4.6 billion worth of Bitcoin, bringing its total holdings to 331,200 BTC — now worth over $30 billion at current prices. Read More
Exploring The IndoEx Cryptocurrency Exchange The First Trading Platform To List The Markethive Token - Hivecoin
The IndoEx exchange aims to cater to a broad spectrum of investors, including newcomers, seasoned traders, and institutional investors, rather than focusing on a specific target audience like most crypto trading platforms. The platform's primary objective is to offer a robust and efficient infrastructure that enables seamless and rapid transactions of crypto assets.
As the IndoEx trading platform is the first crypto exchange to list Hivecoin, this article delves deeper into the platform, exploring it further to bring awareness to the Markethive community. Since its establishment in 2019, IndoEx has gained prominence in the alternative cryptocurrency trading sector due to its reasonable commissions, secure wallets, high trading volume, and fast transactions.
The trading platform, with offices in the United Kingdom and Estonia, provides close to 300 trading pairs, can be used in 150 different countries, and supports a range of cryptocurrencies, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and Ripple (XRP), as well as notable alternative coins like DASH, Chainlink (LINK), and Solana (SOL). Furthermore, it accommodates less mainstream coins and tokens like NEO, Cardano (ADA), and EOS, amounting to 180 cryptocurrencies. Users can exchange these coins for traditional currency or trade them with one another. Read More
Bitfinity Network launches Bitcoin L2 with $12M backing
Bitfinity Network secures $12M to bring EVM compatibility and expanded DeFi functionality to Bitcoin using ICP’s Chain Fusion.
Bitfinity Network, a new Bitcoin layer-2 (L2) solution, has launched with $12 million in funding to create Ethereum Virtual Machine (EVM)-compatible decentralized finance (DeFi) functionality for Bitcoin.
The project acquired support from institutional investors like Polychain and ParaFi earlier in 2024, alongside $5 million in over-the-counter (OTC) token sales — primarily contributed by the community.
A news release shared with Cointelegraph said that the Bitcoin L2 will utilize Internet Computer Protocol’s (ICP) Chain Fusion Technology to enable Bitcoin-native assets “to operate in an Ethereum-compatible ecosystem.”
After the price of BTC recently broke $92,000 and interest in the asset’s utility grows beyond a store of value, fresh L2 solutions are opening new avenues for Bitcoin. Read More
Multichain self-custody is the future
As blockchain ecosystems expand, multichain self-custody wallets emerge as a potential solution to fragmentation issues, promising improved user experience and broader Web3 adoption.
Ethereum founder Vitalik Buterin didn’t pull punches in a recent X exchange criticizing MicroStrategy executive chairman Michael Saylor’s dismissive attitude toward crypto’s self-custody ethos. Saylor’s arguments were akin to advocating regulatory capture, undermining crypto’s mission, Buterin said.
Saylor argued that moving Bitcoin into the hands of regulated institutions provides a layer of security and legitimacy that self-custody may not. He believes that established financial entities, like BlackRock and Fidelity, are less likely to face government seizure or intervention owing to their integral roles in the economic system. Self-custody advocates raged and continue to argue that relying on third-party custodians centralizes risk, weakens network security, and limits the development of advanced cryptographic features.
There’s a middle ground emerging between Saylor and Buterin’s seemingly bipolar views. A new development for degens and institutional investors is coming: multichain self-custody wallets. Read More
Privacy is the ultimate shield against blockchain vultures
Privacy protocols are the unsung heroes in the fight against blockchain vultures.
Satoshi Nakamoto is a genius, but when it comes to privacy, he left the door wide open. Now, the vultures are feasting. The original blockchain and its many descendants are transparent, immutable, and decentralized. That might sound like everything you ever wanted from a financial system, but you’re wrong.
Privacy is a vital component of any secure financial system. There’s an inherent contradiction between blockchain technology and privacy. The desire for privacy is essential, and the right to be forgotten is enshrined in law. Still, blockchain technology violates this principle with its very existence because it’s an infusible, yet permanent and public, data ledger.
Maybe you don’t care because the only information that anyone can see is a string of random letters and numbers, however, this has real-life implications for transactions on the chain.
Consider a potential example: You go to Uniswap to buy a token, place your order, execute…and receive significantly less of the token than you expected. You check the pair’s order history and find that a large buy was made just before yours, pushing the price up, with a hefty sell following after your order went through. You’ve just been “front-run,” and probably not for the first time.
Front-run? You might think: “I was an ace runner in school; no one’s beating me!” Let’s take a step back and explain what front-running is. Read More
What is a crypto airdrop, and how does it work?
What are crypto airdrops, and are they worth it? This guide explains how airdrops function, the potential benefits and risks, and how to find legitimate opportunities.
Crypto airdrops are like surprise gifts, where users receive free tokens. New blockchain projects often give them out to promote their coins, similar to free samples in a store.
To participate in an airdrop, users might need to follow a project on social media or join their community. The project team decides the rules, and tokens are typically distributed directly to users’ wallets automatically using smart contracts.
There are different types of airdrops. Standard airdrops require a wallet address, bounty airdrops involve completing tasks, and holder airdrops reward existing tokenholders.
Participants should avoid scams by researching projects, being cautious of phishing attempts, not sharing private keys, and using secure wallets.
Airdrops are often considered a “free lunch” in the crypto world, designed to generate excitement for upcoming projects and raise awareness. Think of them like a surprise gift from a new restaurant in town — a way to spread the word about their delicious food.
In the crypto world, an airdrop works the same way. A new blockchain project wants people to know about it, so they “drop” free tokens into the digital wallets of potential users. Sometimes, all you need to do is hold a specific token or sign up with interest, and voila! You get a bit of cryptocurrency in your wallet, just like that free food sample. It’s a simple, effective way to introduce you to their “flavor” and encourage you to engage more with their project.
This guide will explain how crypto airdrops work, the different types available, how to claim them, and, most importantly, how to participate safely and avoid potential scams. 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.
Featured Image Source: Pixabay
