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Cardano to enable new DeFi stablecoin with Coti
Coti previously partnered with Cardano’s stablecoin hub Ardana to bring decentralized stablecoin payments to AdaPay.
A new stablecoin is arriving on the Cardano blockchain to provide a tool for decentralized finance (DeFi) operations and avoid transaction fees.
Cardano’s payment gateway provider, Coti, will be the official issuer of Djed, a new DeFi-focused stablecoin for the Cardano network, Cardano founder Charles Hoskinson and Coti CEO Shahaf Bar-Geffen announced Sunday at the Cardano Summit.
The new stablecoin will be based on an algorithmic design using smart contracts to ensure price stability and providing an instrument for DeFi transactions. The stablecoin is designed for paying transaction fees on the Cardano network in order to avoid “volatile and exorbitant gas fees” and make transaction costs “more predictable.” Read More
Decentralized Exchange Tokens Boom as Chinese Investors Look for Alternatives
Many DEX tokens have soared in the past 24 hours with some protocols trading volumes surpassing those of large centralized exchanges.
The price of DYDX, the governance token of decentralized exchange (DEX) dYdX, has skyrocketed by 35.9% over the day, hitting a new all-time high of $22.17, according to data from CoinGecko.
Trading volumes facilitated by the protocol have also surpassed those on America’s largest centralized exchange, Coinbase.
Unlike centralized exchanges, DEXes rely on smart contracts, which are bits of code that auto-execute at predetermined circumstances. In doing so, DEXes allow people to trade cryptocurrencies without intermediaries. Read More
DAOs Have a Long Way to Go
DAOs are loose, chaotic, and idealistic. But DAO devotees say they're the future of companies. The structure has some growing up to do first.
That's what a lot of DAO members love to say. They talk up the decentralized governance and open decision-making, all with token allocation as the motivating incentive. They get things done entirely over Discord, and rave about the network effects of the groups. (At our Ethereal Virtual Summit May, the founder of BeetsDAO, a DAO for investing in Euler Beats NFTs, said the wonders of DAO networking led his group to a collaboration with Snoop Dogg.)
But to borrow the catchphrase of ESPN College GameDay legend Lee Corso: Not so fast, my friend. Read More
Ripple CEO Says SEC Gives No Clear Framework for Crypto, Discusses XRP Lawsuit
As the lawsuit with the U.S. Securities and Exchange Commission (SEC) continues, Ripple CEO Brad Garlinghouse insists that the Commission has provided no clarity in crypto regulation. He said the SEC is using its meetings with crypto companies as lead generation for enforcement actions, and the agency has lost sight of its mission to protect investors.
Ripple’s CEO Claims SEC Uses Meetings With Crypto Companies as Lead Generation for Enforcement Actions
Amid the SEC’s lawsuit over XRP, Ripple CEO Brad Garlinghouse reiterated his concerns over the lack of clarity in crypto regulation provided by the securities watchdog. He tweeted Saturday:
American innovation is on the line because of the SEC’s refusal to provide a clear framework for crypto. Instead of working with the industry, the SEC is using their meetings with companies as lead generation for their enforcement actions. Read More
We live in uncertain times, prophesied as the end times and reflected in the Book Of Revelation, with catastrophic events impacting society on every level. With the global economy in free fall and increased surveillance, our privacy, freedom, autonomy, and in many cases, people’s livelihoods are confiscated by the reigning tech giants with no regard for humanity, freedom of expression, and basic human rights.
Canceling the people brave enough to broadcast their message of corrupt officials, cover-ups, and expose those responsible for the global chaos we are all experiencing and have fallen victim to. It’s all part of a greater awakening and the fall of the cabal.
Markethive owns and operates on its independent servers and is underpinned by Blockchain with its Hivecoin (HVC). Due to Markethive’s infrastructure, the Markethive Consumer Coin will be one of the few cryptocurrencies that will remain strong, gathering momentum in this time of transition to a digital economy.
Markethive is a divine vision that will thrive in these end times, driven by the community, with the velocity effect required to maximize the economy. Supply and demand within the Markethive ecosystem will result in financial sovereignty, autonomy, privacy, and peace.
As we move forward with a digital economy, Bitcoin and purposeful altcoins will become the foundation of business. Markethive is a decentralized social media, marketing, and broadcasting network, with the imminent release of its exchange and wallet. That makes it an all-encompassing platform that is essential in these dark times of division and derision and critical for humanity’s financial health and well-being. Read More
In-Depth: Cardano’s Hardfork, Smart Contracts vs. Criticism, and What’s Ahead?
Cardano is currently the third-largest cryptocurrency by means of total market capitalization. The network saw substantial growth over the current bull cycle, which brought its current valuation to $76 billion at the time of this writing.
Over the years, Cardano has received serious criticism of its approach where naysayers argued that the billion-dollar market cap is completely unjustified for a network with no usable applications.
For those unaware, the project took a different way to market. Cardano’s peer-review standard is loved by some and refuted by others, but the fact is that the team behind it produced numerous papers and spent considerable time theory-crafting before actual implementation.
Nevertheless, the abovementioned criticism, to some extent, was rendered mute on September 12th, when the network went through the much-anticipated Alonzo mainnet upgrade – the hard fork that brought smart contracts capabilities to Cardano.
Of course, much like anything else in the industry, it was met with both serious criticism, as well as by passionate optimism – pretty much the two ends of the spectrum. This piece aims to look at both sides of the story. Read More
Monsoon Blockchain Supercharges Ecosystem for Bitcoin Latinum
Monsoon Blockchain Corporation, an innovative blockchain company based in Palo Alto, California, is announcing the next generation digital cryptocurrency ecosystem for powering Bitcoin Latinum. Bitcoin Latinum is an insured, asset-backed cryptocurrency. Based on the Bitcoin ecosystem, Bitcoin Latinum is greener, faster, more secure, and poised to revolutionize digital transactions. Monsoon Blockchain serves as the prime developer of the Bitcoin Latinum network on behalf of the Bitcoin Latinum Foundation.
Bitcoin Latinum was built as an open-architecture cryptocurrency technology, capable of handling large transaction volumes, cybersecurity, and digital asset management. Monsoon Blockchain is unveiling Bitcoin Latinum’s official attributes, differentiating factors, and major-use advantages, which include the following areas: Read More
Bitcoin Lightning nodes and channels hit record highs
The node count for Bitcoin’s leading layer-two solution, the Lightning Network (LN), has spiked to record levels following a surge of adoption.
According to on-chain analytics provider Glassnode’s Monday “Week On-chain” report, the number of Lightning Network nodes increased by 160% during September to tag a record high of 15,600. At the end of August, just 6,000 LN nodes were live.
The number of channels, or connections between different nodes, on the LN has also hit a peak of 73,000, representing an average of 4.6 channels per node, the report added. Bitcoin Visuals is currently reporting an average of 9.3 channels per node as of Sunday.
“This is around double the number of channels that were live through the period from 2019–20, with most of this growth occurring since May 2021.” Read More
Coinbase users can choose to deposit paychecks directly to accounts
Customers will have the option to deposit "as much or as little" of their paychecks as they want in the feature rolling out in the next few weeks.
In a Monday blog post, Coinbase senior director of product Prakash Hariramani said the exchange would be offering direct deposits for workers who want to use their paychecks to purchase crypto with no transaction fees. Users can set up direct deposits through a supported payroll company on the Coinbase app, or through a company’s human resources department.
Hariramani said users will have the option to deposit “as much or as little” of their paychecks as they want in the feature rolling out in the next few weeks. Coinbase cited “time-consuming and inconvenient” frequent transfers as part of the reason for the service, saying direct deposits would allow users a more efficient and faster way to earn crypto rewards. 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 other advice.
