Author: News Room

Alchemy Pay, a popular payment gateway that converts fiat to cryptocurrency, partnered with the Japanese blockchain platform Astar Network. This partnership aims to boost global connectivity and cryptocurrency use. Astar’s blockchain technology and a native token $ASTR will make buying $ASTR with fiat currency easier on Alchemy Pay’s Ramp platform. This will open up and improve the cryptocurrency ecosystem. Earlier, Alchemy Pay partnered with Fusionist to streamline $ACE tokens. .#AlchemyPay is collaborating with @AstarNetwork to integrate Astar zkEVM & its native token ASTR on our Ramp.It will expand accessibility & enhance the user experience for those seeking to engage with…

The US SEC has delayed the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), recent regulatory filings show.The delays affect proposals from investment firms, including VanEck, Ark Invest, Hashdex, and Grayscale — which has added a staking component to its ETH ETF application along with Fidelity — sparking discussions about the future of crypto ETFs in the US.Lower odds of approvalBloomberg ETF analyst James Seyffart, who has been closely monitoring the developments, expressed a shift from his previously cautiously optimistic outlook regarding the approval of Ethereum ETFs.He noted that the SEC’s lack of engagement on Ethereum-specific issues contrasts…

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…