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Avalanche's New Wallet Will Feel 'Smooth as Silk': Ava Labs President John Wu
John Wu, a key figure behind Avalanche, shared his thoughts on the future of easier-to-use crypto wallets, venture capital, and subnets.
Avalanche has recently emerged as one of the top smart contract blockchains thanks to a vibrant developer community and a sophisticated architecture that offers both speed and security.
Now the team behind Avalanche is targeting a new challenge: making a blockchain wallet that is easy to use for non-crypto-savvy people.
"There's a lot of crypto native people who are very used to the current way of doing things," says John Wu, president of Ava Labs, which developed the Avalanche blockchain. "But if we really want to expand the market, and get some of the more normies in... they don't have time to learn it, they want ease of use. If you look at the wallets that exist and interface with more traditional people, whether it's PayPal or Square, those things to the user seem like it's smooth as silk." Read More
Volatile interest rates may be a thing of the past thanks to this DeFi product
This crypto platform is bringing fixed interest rates to DeFi.
The current DeFi space offers a few interest rate solutions, such as zero-coupon bonds and yield redistribution, but they’re not as efficient as one might think. iGain IRS is instead building a derivatives platform focused on interest rates.
With iGain IRS, users can borrow or lend any asset with the corresponding amount of long or short tokens to respectively secure their fixed income or limit their costs. The platform also provides an ability to simply long or short interest without borrowing or lending, giving traders a method of profit off economic uncertainty or bear markets.
iGain IRS’ lenders can buy short tokens to, well, short the market’s interest rates. Conversely, borrowers can purchase long tokens to limit their long-term costs. From there, iGain IRS offers a fleshed-out lending and borrowing platform for its users. Anyone can lend or borrow stablecoins from within the platform or provide liquidity in various pools to earn transaction fees. Read More
Riot Blockchain To Build a Private Electricity Station For its Bitcoin Miners
The bitcoin mining company, Riot Blockchain, will create a power station in Texas that will supply up to 1.7 gigawatts of energy.
Bitcoin mining is a very energy-intensive activity, but that won’t be a problem for Riot Blockchain Inc. This U.S. mining company decided to create its own electrical substation in Texas to obtain higher profits.
On April 27, Riot Blockchain Inc, a bitcoin mining company founded in 2000, announced its intentions to build a 1.7 gigawatt (“GW”) electrical substation in Navarro County, Texas, to meet the electricity demands of its mining equipment without compromising the city’s power grid.
To put things in perspective, a station of this capacity could be enough to supply the electricity consumption of more than 2 million residents and mitigate the emission of 600,000 tons of greenhouse gases per year. Therefore, Riot will have enough energy to power the more than 4 buildings they expect to build in the next two years to install their mining farms. Read More
Which Is the Best Blockchain for GameFi Developers?
The transformational potential of blockchain has already impacted multiple industries, ranging from finance to insurance and healthcare to supply chain logistics. But few industries have seen a bigger impact over the last year than gaming, where an entirely new generation of “play-to-earn” games has arisen.
So-called P2E games, often known as “GameFi”, use blockchain and related technologies like NFTs and cryptocurrencies to give players a way to earn genuine rewards that can be sold for real-life cash. In other words, the long-held gamer’s dream of being able to make money from playing computer games is now a reality.
With P2E games, players compete for rewards which can be both cryptocurrency or NFTs that represent in-game items such as weapons or player “skins”. These rewards can be traded on third-party marketplaces for Bitcoin or Ethereum and other tokens, giving players a way to cash out and pay the bills through their gaming efforts. Read More
Since the dawn of social media marketing, it’s been purported that email marketing will cease to be of any value as a marketing strategy. On the contrary, email continues to be one of the most popular digital channels that marketers can use to communicate with customers and subscribers, bringing in significant ROI for businesses worldwide.
Markethive offers a comprehensive, inclusive blockchain platform integrating a social interface, remote broadcasting to other social media and digital sites, and inbound marketing mechanisms that bring brands and customers together.
Email delivery is a top priority at Markethive and a powerful aspect of our inbound marketing system. It has earned the reputation of producing an emailing system that delivers your messages to 97% of your recipients’ accounts with 100% delivery to their INBOX.
The Markethive email autoresponder system is free when you join Markethive and is built for beginners through to Entrepreneurs and Business Owners at any level. There are no limitations on the amount or size of your list of subscribers and no upcharges.
Email reaches your customers one-on-one, and the social aspect of Markethive is ideal for driving customers as communities. Markethive has paired them together for the most effective and dynamic marketing strategy. Read More
Algorand Foundation Awards Grant to APAS for Support in Digitizing Water
APAS, a Miami-based startup, has received a grant from the Algorand Foundation. The grant received from the foundation will be directed towards strengthening the vision of APAS of preserving and protecting the world’s watersheds.
The startup aims to digitize the watershed concept in the United States of America. APAS plans to achieve this by adopting a decentralized approach to monitoring the quality of watersheds in the country.
Technology deployed by APAS includes Artificial Intelligence, Sensor Technology, Edge Computing, and Machine Learning. These technologies will be supported by analytics and data visualization.
APAS wishes to encourage citizens to participate in managing the quality of watersheds. Recreational activities for water are how APAS looks forward to registering a huge footfall in the campaign.
Local Governments will be offered access to the data, enabling them to draft policies and legislations for water governance.
Blockchain Italia, a Milan-based software house, has been roped in as a development partner. It specializes in solutions related to Fintech and Blockchain. Read More
Ripple's Fight Against the SEC: How the Case Is Going and How it Might End
SEC v. Ripple, a case of huge significance for the crypto industry, has been dragging forward. Here's a close look at where things stand.
In December of 2020, the Securities and Exchange Commission dropped a bomb on the crypto industry by suing one of its most prominent companies, Ripple, as well as two of the firm's top executives.
The case, which turns on whether Ripple and its executives sold unlicensed securities in the form of the token XRP, poses an existential threat to both the company and the broader industry. If a judge concludes that XRP is a security, Ripple likely will crumble, and the ruling will give the SEC a powerful weapon to go after other blockchain projects.
Despite this pressure, Ripple has refused to settle. Instead, it has tried to turn the tables on the SEC, mounting an aggressive legal defense and very publicly calling out questionable behavior by the agency. Now, nearly a year and a half after it began, the case is heading for a critical juncture.
Has either side gained the upper hand, and has the potential outcome become any clearer? A look at key developments so far, along with the perspective opinion of securities law experts, offers some clues. Read More
Blockchain and crypto can be a boon for tracking financial crimes
The notion of crypto being a tool for money laundering is often propagated by naysayers that include policymakers with a stake in the traditional financial system.
Governments around the globe have also become more aware of the crypto market and the various ways in which it can be regulated.
Despite a growing adoption rate and involvement of mainstream financial giants, however, naysayers continue to portray crypto as a tool for miscreants and criminals. Several crypto platforms and decentralized finance (DeFi) protocols have been compromised over the years, owing to various code vulnerabilities or centralization problems. However, stealing of money is the easiest part, while moving that money and cashing it out is nearly impossible.
This is primarily because most crypto transactions are recorded on a public ledger, which acts as a permanent trail, and even if the hacker uses various coin mixing services to hide its origins, powerful transaction monitoring tools can eventually identify such illicit trails.
Even coin mixing services themselves have started to block transactions associated or flagged as illicit. Read More
Telegram Users Can Now Send Crypto via the Messaging App
The Open Network is enabling users to send Toncoin via Telegram Chat.
The Open Network (TON), a decentralized blockchain initially designed by Telegram, announced this week it is adding a bot that lets Telegram’s more than 550 million users send cryptocurrency to other users via chat. The initial rollout of the “wallet” bot will allow the sending and receiving of Toncoins, which the developers claim will come with no transaction fees.
Telegram has a long history with crypto.
In October 2019, the U.S. Securities and Exchange Commission filed a complaint against the messaging app after Telegram raised $1.7 billion via a private token sale. The SEC alleged that Gram tokens were unregistered securities. As part of a June 2020 settlement, Telegram agreed to return $1.224 billion back to investors.
In the process, Telegram handed control of the Telegram Open Network and Toncoin—now the 205th-largest cryptocurrency according to CoinMarketCap.com with a value of $2.83 billion—to The Open Network community, an open-source community dedicated to developing Toncoin and the associated blockchain. 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.
