x
Image Source: Pixabay
LA Token launches LACHAIN to bridge Ethereum-based networks
The latest centralized exchange blockchain from LA Token claims to be the DeFi Hub for its users and is compatible with all Ethereum-based networks, though it is off to a slow start in an increasingly competitive ecosystem.
Crypto platform LA Token has become the latest exchange to launch its own blockchain with the LACHAIN network. It hopes to give its users access to decentralized finance (DeFi) products and a bridge between other networks.
The layer-1 Ethereum Virtual Machine (EVM)-compatible and WebAssembly (WASM)-compatible LACHAIN went live on Thursday to help LA Token capitalize on expected future growth in demand for token bridges between networks. LA Token was launched in 2017 in the Cayman Islands and has had $281.6 million in trading volume over the last 24 hours, according to CoinGecko.
EVM compatibility allows tokens on the proof-of-stake (PoS) LACHAIN to transfer seamlessly between other Ethereum-based networks such as Polygon and others including BNB Chain (formerly Binance Smart Chain). WASM is a competitor to EVM for smart contract platforms. Read More
ThreeFold Is Bringing The Power Of Blockchain And The Decentralized Cloud To A Dubai Neighborhood
ThreeFold, a global, peer-to-peer Internet network, has joined with Dubai real estate developer Paradise Hills Property Development to bring the world’s largest decentralized Internet Cloud powered by the ThreeFold Blockchain into homes.
Paradise Hills and ThreeFold have announced today their plans to add dedicated servers (3Nodes) to approximately 170 homes in the Paradise Hill project, creating the world’s first neighborhood Cloud Network on the ThreeFold Grid.
Through this historic partnership, Paradise Hills and ThreeFold will provide every homeowner of the gated residence with a pre-installed 3Node, a dedicated server that provides the edge computing and internet storage needed to run decentralized applications and internet services. The initiative will provide residents, businesses, developers, and the government with a secure and highly available sovereign cloud infrastructure to store and process their data locally.
“This historic collaboration is the first pilot in a series of initiatives by ThreeFold to help expand the digital landscape of the United Arab Emirates (UAE),” says Adnan Fatayerji, co-founder of ThreeFold.
“Paradise Hills is set to become the region’s center for true decentralization and the future of tomorrow’s Internet, essentially setting the standard for real estate developments and homeownership globally,” CEO Shaher Mousli of Paradise Hills Development said about the partnership. Read More
Women-led startup to help consumers monetize their data through blockchain
Greta Menzies, the co-founder of Chain Collective, says that blockchain can change the “economics of data between consumers and businesses.”
Web2 lets big tech companies collect consumer data without paying the people behind the statistics. However, the advent of Web3 technologies may change the way data is collected and let consumers get compensation for the information they share, according to the founders of Chain Collective, a Web3 startup that enables consumers to monetize their data using blockchain.
Skills acquired from working in business intelligence and machine learning coupled with a passion for Web3 technologies led Jenny Walker and Greta Menzies to create a data marketplace. With blockchain technology, the all-female team aims to help consumers monetize their data and inspire women to enter the Web3 space. Read More
Stripe announces fiat payment support for cryptocurrencies and NFTs
Stripe has partnered with FTX, FTX US, Blockchain.com, Nifty Gateway, and Just Mining to launch a crypto business suite.
United States-based fintech giant Stripe has significantly ramped up its crypto initiatives after it launched a service that enables payments for NFTs and digital assets via fiat currency.
Businesses can use Stripe’s new application programming interfaces (APIs) to accept fiat payments for crypto, provide digital wallets, payout users in fiat, leverage identity and Know Your Customer (KYC) solutions and utilize data to detect and block fraudulent transactions.
Speaking on the partnership, FTX’s head of strategy Tristan Yver emphasized that the deal will help the firm attract a broader mainstream audience by making it more straightforward for users to purchase crypto assets:
“The optimizations we made in our payments setup with Stripe deliver the smooth on-ramp experience FTX’s growing customer base demands. We’re able to multiply revenue by making it easier than ever for people to invest in crypto.” Read More
Markethive Leading The Way In Web 3 Social & Market Media
Markethive, the blockchain-driven ecosystem for entrepreneurs, has already successfully bypassed the centralized web services, like AWS and Microsoft, and operates on its own cloud system. The new login system Markethive has developed relinquished the need for 3rd party APIs that are potential vulnerabilities in Web 2 and threaten our freedoms.
Currently, Markethive is expanding its cloud system, called Mining Hives, worldwide. This means all data about Markethive and its users will not be stored on servers owned and controlled by a centralized entity.
Instead, it is a distributed database on the Markethive Blockchain with no single point of failure and no internet disruption or censoring by dictatorial authorities who may decide to shut off the internet.
Web 3 gives us a better chance at building a more inclusive internet that respects all who use it. Decentralized networks can win the third era of the internet for the same reason they won the first era: by winning the hearts and minds of entrepreneurs and developers.
Web 3 is an opportunity to distribute the wealth amongst the rest of us generally paid only to shareholders. Markethive stands tall and is dedicated to delivering the emerging environment of Web 3 to its community; one of self and financial sovereignty. Read More
Chainalysis launches free sanctions screening tools
Blockchain-data analytics company Chainalysis announced an accelerated launch of two sanctions screening tools to help provide greater regulatory oversight to exchanges and DeFi projects.
Blockchain-data analysis firm Chainalysis announced the fast-tracked launch of two primary sanctions screening tools that will be provided to the cryptocurrency industry free of charge.
According to the report provided by Chainalysis on Thursday, the screening tools include two main components of new tracking software that will assist exchanges in screening wallets and transactions for activities that appears to be skirting economic sanctions. The first tool, which is immediately available, is an on-chain oracle.
An on-chain oracle is a smart contract aimed more specifically at decentralized finance (DeFi) projects. It validates whether or not a cryptocurrency wallet address has been included in a sanctions designation. This means that all wallets included on economic sanctions lists provided by the United States, the European Union, and the United Nations will be automatically available to anyone running the oracle.
The second tool, which is scheduled for release next month, is an application programming interface (API). An API uses the exact same data as the on-chain oracle to validate whether a wallet is included on any sanctions list. However, it is designed for use on a much broader variety of applications including centralized crypto exchanges and mobile user interfaces. Read More
How Token Traxx Rewards Music Creators, Curators, and Collectors
A team of British music industry experts has built an NFT marketplace that aims to revolutionize how musicians get paid—and reward music fans, too.
Ever since Thomas Edison invented the phonograph in 1877, music and technology have gone together like Simon and Garfunkel, Morrissey and Marr, or the Gallagher brothers. But just like those legendary duos, the relationship between the two hasn’t always been easy.
The past two decades since the explosion of the Internet have been particularly tumultuous, with illegal file-sharing on platforms like Napster and Limewire bringing the industry to its knees in the early noughties. And while the introduction of all-you-can-eat streaming via Spotify, Apple Music et al has largely solved the problem of piracy, it hasn’t really worked out for the vast majority of musicians; just 184,500 of the 1.2 million artists on Spotify make more than $1,000 a year.
Tommy Danvers, aka TommyD, a multi-platinum-selling producer, songwriter, artist, DJ, and founder of music-based NFT marketplace Token Traxx, saw that the system was broken. But he wasn’t able to find a solution until the first Covid lockdown in early 2020 prompted him to connect the dots between his love of music and a more recently acquired interest in cryptocurrencies and blockchain. Read More
Orbs and Fantom Integrate to Push the Boundaries of Web3
The bridge between the major blockchain networks has set its sights on one of the new contenders to join the race for Web3, Fantom.
Ghost may be new, but it offers the best that proof-of-stake (POS) chains have to offer. Scalable, fast, and affordable, focusing primarily on hosting applications for DeFi.
Orb, a Layer 3 chain, which supports Layer 1 and 2 capabilities, making smart contracts capable of performing more sophisticated activities, has now been integrated with Fantom.
This follows integrations with Layer 1 chains, including Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Harmony.
Fantom itself is an EVM-compatible chain, which means that applications hosted on your network can see the value transferred across the entire EVM chain ecosystem. It currently hosts more than 100 Dapps and ranks fourth on the TVL network to parade with more than $12 billion blocked. Read More
Elrond Gets the Greenlight from Romania Central Bank In-Principle for Acquiring Payments Firm Twispay
Elrond, a blockchain firm based in Romania, announced on Thursday that it acquired Twispay, a major Romanian payments company. The blockchain company’s move came after the National Bank of Romania gave it the green light to buy the electronic money institution (payment processing platform).
Twispay provides an international payment solution that supports multiple fiat currencies and integrates various payment methods. As a principal member of Visa and Mastercard, Twispay directly participates in issuing cards and is allowed to acquire merchants.
Twispay is licensed by the Central Bank of Romania to provide payment services and to issue electronic money and can operate across the European Economic Area.
Apart from the approval, the Central Bank of Romania has also given Elrond a license for e-money. As per the European Union passport rules, the license would allow Elrond to operate e-money services across Norway, Liechtenstein, Iceland, and the EU. 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.
