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Cronos Builds Partnership With Chainalysis
Blockchain network Cronos announced a partnership with blockchain data platform Chainalysis.
The announcement stated that the integration of the two firms will provide institutions, digital asset exchanges, and cryptocurrency funds to monitor transactions of CRC-20 tokens.
Cronos is the first Ethereum-compatible blockchain network built on Cosmos SDK technology backed by Crypto.com.
Chainalysis KYT (Know Your Transaction) - the real-time transaction monitoring solution for compliance - is now available, the announcement said.
Following the partnership, users can now monitor large volumes of CRC-20 token activity and identify high-risk transactions on a continuous basis by leveraging Chainalysis.
Meanwhile, Chainalysis Reactor - the cryptocurrency investigations solution - is under development and will be available to the public later this year for enhanced due diligence for Cronos token and all CRC-20 tokens deployed on the Cronos blockchain. Read More
SWEAT: The Token to Convert Steps, Movement into Crypto
Sweatcoin plans to inspire people to live healthier lives by introducing a new token.
The London-based tech company's SWEAT: The Token will be launched at the Paris Blockchain Week Summit which starts on April 13.
According to Sweatcoin, the idea behind the token is to launch a global currency based on the value of steps and movement and the cryptocurrency will be minted purely by steps.
Sweatcoin's design is primarily to incentivize people's health. It is a pioneering idea to empower people to improve their health and get paid for it.
Currently, Sweatcoin is the only mobile application available in the market that pays people to walk.
According to the company's report, Sweatcoin's 60 million users walk an average of 20% more after downloading the app. Read More
Animoca Brands Soon to Acquire Australia's Be Media for Blockchain Development
Hong Kong-based Animoca Brands has announced that it will soon acquire Australian digital marketing agency Be Media to explore the opportunities centered around blockchain development in the country.
Animoca Brands said that it is advancing its digital property rights for gaming and the metaverse.
The company also announced that Be Media will be in charge of forming partnerships with major Australian Brands as Animoca Brands aims to advance the emergence of the open metaverse and deliver digital property rights to online users via blockchain and NFTs.
Be Media has already begun hiring employees for blockchain development and project management to further fine-tune the plan.
“The acquisition of Be Media will allow Animoca Brands to extend its core capabilities to support the Australian market and beyond. There are tremendous opportunities in Australia and Be Media will enhance our ability to work with companies that wish to participate in the exciting opportunities presented by the emerging open metaverse,” Yat Siu, the co-founder and executive chairman of Animoca Brands, said. Read More
Monero Network Reaches Community Consensus For July Hard Fork
Developers of the Monero Network have announced that the privacy-focused blockchain protocol has reached a community consensus in which a mainnet hard fork will be implemented at block height 2,668,888.
The update to Monero’s mainnet will see an increase to the chain’s ring size, going from 11 to 16, while also adding view tags for outputs that would result in a drastic reduction to its wallet scanning time. The hard fork will also introduce full implementation of the protocol’s bulletproofs or short non-interactive zero-knowledge proofs that require no trusted setup, as well as changes to the network’s fee structure.
Monero ($XMR) is rapidly increasing in its number of users, as the crypto and blockchain space also grows by comparison. Privacy and security among crypto protocols have been a hot topic, ever since the proliferation of hacks, especially in the decentralized finance sector. Concerns about Monero’s status as a “safe haven” for criminals, however, has prompted some to criticize the network’s design. Read More
What Does The Wallet Do? What Does It Mean For You?
The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc.
Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard.
We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.
Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. Read More
Blockchain and oracles can help clean energy transition, study claims
A new report conducted by Tecnalia Research and Chainlink Labs asserts that blockchain and oracles can help fix climate issues.
New dynamics in the energy sector are compelling providers to shift to sustainable and clean energy to combat climate change. While many challenges accompany the clean energy transition, a report claims that blockchain has the potential to help the industry achieve its climate action goals.
The report, titled "Managing Climate Change in the Energy Industry With Blockchains and Oracles," was conducted by Tecnalia Research and Chainlink Labs. It outlines how blockchain features like tokenization, hybrid smart contracts, and blockchain oracles can be applied to the energy sector to manage climate change.
Jose Luis Elejalde, an energy executive at Tecnalia, said that within the infrastructure transformation period, the energy industry can use blockchain to “digitize and assign value to clean energy investments and design fully automated incentive systems for participating in sustainable practices.”
According to the research, blockchains can be applied as a database in the settlement layer, smart contracts can be used to develop the application layer, and oracles can create connectivity in a specialized computation layer. Through these, the report highlighted various blockchain use cases like tokenizing carbon credits and smart grid management and explained that these can contribute to the clean energy transition. Read More
Digital Fashion In The Metaverse: NFTs And Beyond
With Gen Z and millennials embracing the metaverse, it stands to reason that the next big boom in the metaverse is fashion. Digital fashion has grown as an industry within the metaverse over the past year, with several big fashion houses including Louis Vuitton and Ralph Lauren.
Virtual worlds were once associated with games of the mid-’00’s, with the creation of virtual worlds such as Second Life that were dedicated to gamers. However, the metaverse as it is developing today is intended to be layered over our actual reality, through AR (augmented reality) and VR (virtual reality).
The video game industry has certainly caught on to the possibilities of digital fashion prior to the popularisation of the metaverse, with outfits (known as skins) being introduced to games such as Fortnight and Overwatch.
Dolce & Gabbana launched their exclusive NFT collection in September last year, in partnership with the luxury digital marketplace UNXD. Of the total sales, a $1 million green glass suit was also sold as an NFT to a buyer, who was also given a year to get fitted for the physical version. Read More
400 new projects and 100K new wallets in a month on Cardano
The number of ADA wallets has increased by 100,000 since March 22, with the total figure standing at 3.268 million as of April 19.
Activity on the Cardano blockchain is starting to heat up, with 400 new projects in the works along with 100,000 new wallets being created over the past month.
According to a Tuesday Twitter post from Cardano creators Input Output (IOHK), there are nearly 900 projects in development on the network. The figure has grown by roughly 400 since March 11, after IOHK Vice President Tim Harrison stated that the total stood at around 500 via Linkedin post.
Cardano is a public and decentralized proof-of-stake (PoS) blockchain that was created by Ethereum co-founder Charles Hoskinson in 2017 after he left the team over disputes on the future direction of the network.
Pointing to some of the positive developments on Cardano over the past 10 days, IOHK highlighted six projects ranging from token swaps to decentralized finance (DeFi) applications that went live on the mainnet, entered test nets, or launched via open beta. Read More
How DAOs Have Evolved—And What’s Next
Decentralized autonomous organizations are changing how we collaborate—but to realize their potential they need to become easier to set up and use.
How do you get online strangers to organize around a common goal and mobilize capital efficiently in a manner that requires no human trust? Decentralized autonomous organizations, or DAOs, are crypto’s answer to that question. And they’ve become immensely popular over the past year.
DAOs are often described as “group chats with a wallet,” but that’s something of an understatement: DAO treasuries across all networks currently hold over $10 billion in total, according to DAO analytics tracker DeepDAO.
The new organizational structure that DAOs represent is better thought of in the wider context of crypto. Just as cryptocurrencies seek to replace fiat currencies or traditional asset classes like gold, DAOs offer an alternative to traditional business structures. 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.
