Author: News Room

VNX, a company based in Liechtenstein, has issued the first stablecoin anchored to the Swiss Franc on the Stellar network. Moreover, at the launch of the new stablecoin VNX Swiss Franc (VCHF), it joins VNX Euro (VEUR), both accessible on the crypto-exchange BitStamp. VNX launches stablecoins on the Stellar network anchored to the Euro and the Swiss Franc VNX: the first stablecoin on the Stellar network anchored to the Swiss Franc OKX and the removal of the USDT stablecoin for users in Europe VNX launches stablecoins on the Stellar network anchored to the Euro and the Swiss Franc VNX, a…

In a strategic move to outmaneuver its rivals, Aave (AAVE) has launched “Merit,” a new reward program, on Tuesday at 18:00 UTC. This program is aimed at Aave’s most loyal users. Merit rewards actions beneficial to the Decentralized Autonomous Organization (DAO). This initiative focuses on genuine contributions rather than generic incentives. Aave Penalizes Engagement With Non-Aligned Products Through Merit Airdrop Merit went live, distributing 280 Wrapped Ethereum (WETH) to select borrowers. Furthermore, an airdrop for Aave’s stablecoin – GHO borrowers and stakers is on the horizon. The success of Merit is evident, with around 200,000 Ethereum (ETH) moving from other…

The Cryptocurrency market is abuzz with optimism as three altcoins in the Solana ecosystem emerge as prime contenders for investment. Book of Memes (BOME), dogwifhat (WIF), and Myro (MYRO) have exhibited significant bullish momentum, signaling the growth potential. Investors are eyeing the top altcoins to buy and closely monitor these tokens amidst the current market upswing. Read the full article here

Gnosis Venture Studios, a branch of Gnosis known for developing on-chain finance solutions like Safe and Gnosis Pay, has unveiled uRamp. URamp is a new platform that facilitates transactions between on-chain assets and traditional fiat currencies. Low-cost on- and off-ramps have remained a barrier to adoption for Web3 dapps, as most users are funneled through crypto exchanges or dedicated applications with relatively high onboarding fees like MoonPay, which charges 1% for bank transfers and 4.5% for Visa cards. URamp is Gnosis’ attempt to simplify the user experience of going between fiat currency and crypto, via its partnership with licensed stablecoin…

Ethereum layer-2 scaling network Optimism has announced that it will begin testing out its fault proof system on Ethereum’s Sepolia testnet, with plans to deploy this on the Ethereum mainnet within the year. Optimism currently lacks fully operational fault proofs, requiring users to trust the protocol’s programming or the “security council” that oversees the network to keep withdrawals secure. This has, in turn, exposed Optimism to criticism from advocates of rival blockchains. What are fault proofs? Fault proofs are a crucial component of rollup networks like Optimism, which bundle user transactions and settle them on Ethereum for lower costs. These…

VeChain hackathon at Cambridge sets new industry standards. 52 projects launched, $30,000 prize, 250+ participants showcase blockchain innovation. Winners address sustainability: Meatless, Carbonic, DishDeal tackle food-related challenges. The recent VeChain hackathon at Cambridge University has left a lasting mark on the blockchain community, setting new standards for innovation and collaboration. With a record-breaking turnout of over 250 participants, the event showcased the immense talent and creativity within the blockchain space. From the line stretching round the block to the projects launched, our @vechainofficial x @BCG hackathon at Cambridge Uni was one for the history books 📚✅ 52 projects launched on…

Alipay+ D-Store, a solution that provides a full-stack online tool for merchants, has adopted the Avalanche blockchain. According to a blog post on the Avalanche website, Alipay+ D-Store, through a partner in Southeast Asia, has introduced a Web3-enabled voucher program via a branded mini-game. Avalanche highlighted that users who access the vouchers can earn up to 50% discounts on milk teas sold by ten popular milk tea brands at over 500 shops. It also noted that more than 2,000 other shops plan to join the program. The newly launched voucher program is the first of a two-part proof-of-concept (POC) program.…

One of the Oracle protocols that stands out is Tellor, a decentralized and permissionless one capable of providing highly secured and accurate data to the blockchain. Some significant strides have been made in this respect when this protocol was deployed on Polygon zkEVM. This is a strategic step for the Tellor Project and the entire blockchain community that strives to improve efficiency, cut costs, and maintain security and compatibility with the Ethereum Virtual Machine (EVM). Polygon zkEVM provides Ethereum’s cutting-edge Layer 2 deployment option, emphasizing zero-knowledge proofs. This procedure optimizes the list of operations and reduces transaction fees, making their…

NodeMonkes’ floor price spikes over 50% to 0.82 BTC, becoming the second-largest NFT collection. Runestone’s value also jumps by more than 50% in a week to over 0.04 BTC, ranking it as the sixth-largest NFT. These Bitcoin NFTs outperform major collections like BAYC and MAYC in market value. In a remarkable display of market dynamics, the Bitcoin NFT space has witnessed substantial growth, with collections such as NodeMonkes and Runestone achieving significant milestones. NodeMonkes, in particular, has seen its floor price increase by more than 50% in the past 24 hours, reaching 0.82 BTC. This surge has propelled its market…

Bitcoin Ordinals project NodeMonkes flipped Bored Ape Yacht Club earlier Monday with a market capitalization of 7,300 BTC, around $490 million, according to cross-chain NFT marketplace Magic Eden. By comparison, Bored Ape Yacht Club’s market capitalization at the time was 136,500 ETH, or around $483 million, according to the NFT analytics site NFT Price Floor. The Ethereum-based Apes are back on top, as of this writing, but the collections remain close—there’s less than $30 million worth of crypto between their respective market caps, as of this writing. Launched in December, NodeMonkes is a collection of 10,000 8-bit monkey-themed digital collectibles.…