Day: November 2, 2023

Georgia selects Ripple as key partner for its Digital Lari pilot project

Georgia’s central bank has partnered with Ripple to pilot the country’s CBDC project, Digital Lari (GEL).
The National Bank of Georgia picked Ripple as its technology partner and will jointly plan and seek to deliver the pilot program.
 GEL will leverage the Ripple CBDC Platform, which is powered by XRP Ledger (XRPL).

Ripple continues to see tremendous traction in terms of the adoption, with central banks, major financial institutions and governments integrating its cross-border payments technology. 

The latest milestone, according to a news release published Thursday, is a partnership with the National Bank of Georgia (NBG). 

News of the partnership comes just hours after Dubai Financial Services Authority (DFSA) announced it had approved Ripple’s XRP to allow firms integrate it in their digital asset services. 

Georgia picks Ripple for its digital Lari pilot

Per today’s announcement, Ripple is the central bank’s official technology partner, and will collaborate via the Ripple CBDC Platform on the country’s Digital Lari (GEL). The selection came after a competitive process that saw shortlisted parties submit a Project Execution Plan (PEP) and a demonstration of their technology.

“The committee selected Ripple due to its technical excellence and the expertise of its team. We look forward to moving ahead with Ripple and we are grateful to all other participating companies for their interest and efforts in the selection process”, Natia Turnava, the acting governor of the NBG, said.

As reported, the testing phase of the project will leverage Ripple’s CBDC technology to evaluate GEL’s practical use cases and potential benefits for the public, businesses and retail users.

Ripple is “currently conducting five pilot programs with different countries’ governments and central banks,” NBG noted in the press release. They include pilots in Bhutan, Hong Kong, Palau, Montenegro, and Colombia. The company is also engaging with more than 20 countries globally.

Ripple’s CBDC technology is powered by the XRP Ledger (XRPL).

The post Georgia selects Ripple as key partner for its Digital Lari pilot project appeared first on CoinJournal.

Binance to list Memecoin (MEME): Will this spark Memeinator (MMTR)?

Binance will list Memecoin (MEME) for spot trading on November 3 at 08:00 UTC.
The announcement has sparked fresh interest in meme tokens, with the market bullish on Memeinator (MMTR).
This price prediction for MEME and MMTR looks at what makes the new tokens unique and attractive to traders.

Memecoin ($MEME) is trending amid the latest news from Binance, the world’s largest crypto exchange by trading volume. Per an announcement published today, trading support for $MEME starts on Friday, November 3.

Memecoin’s listing on Binance means the token could benefit from wider market visibility, with demand amid the ongoing MEME farming driving interest amid a resurgence in meme trading. 

Can the listing catalyse MEME price to gains that mirror previous tokens such as Pepe? What does this mean for presale projects such as Memeinator?

Binance adds trading support for Memecoin (MEME)

Days after the exchange launched $MEME as the 39th token on the Binance Launchpool, it has announced support for trading for multiple pairs as from November 3 at 08:00 (UTC).

#Binance will open trading for Memecoin $MEME on November 3, 2023 at 08:00 (UTC).

More details here 👇 https://t.co/R1ljo0neae

— Binance (@binance) November 2, 2023

Trading support for Memecoin will be available for trading pairs that include BNB, BTC, USDT, FDUSD, TUSD, and TRY. Binance is also set to enable Trading Bots services for the MEME/USDT pair, with the service accessible 48 hours after trading starts.

The listing news has sparked fresh interest in the meme tokens, with traders keen to position themselves amid growing bullishness in the market.

Memecoin (MEME) vs. Memeinator (MMTR) – what’s unique?

Memecoin (MEME) is the native token of Memeland, a Web3 venture studio and crypto ecosystem developed by the popular meme-sharing platform 9GAG. 

Interest in the ERC-20 token standard compatible MEME has grown as the project seeks to blend NFTs, gaming, and the metaverse to align with overall growth within the memecoin ecosystem.

Memeinator (MMTR) is a new AI-powered meme coin project that seeks to rise to the top of the memecoin world by “destroying” weak rivals. The project is currently in presale and has raised more than $1.1 million so far. Other than building a marketing powerhouse powered by artificial intelligence, Memeinator integrates a gaming platform, NFTs and offers staking to holders of its MMTR token.

The excitement around this project has analysts comparing its potential price outlook after it hits tier 1 exchanges to what Shiba Inu, Pepe, and Floki Inu experienced.

Memecoin (MEME) price prediction

The cryptocurrency market, including meme tokens, is still largely volatile. But while the future performance of tokens such as MEME and MMTR could depend on various market conditions and events, Memecoin’s listing on Binance has the potential to catapult its price higher.

Having been priced at $0.001 during the recent firesale, harnessing the power of meme culture could see MEME ride the expected bullish sentiment to target $0.1. This outlook will likely hold if Memecoin gains traction by leveraging the community around Memeland and 9GAG.

Memeinator (MMTR) price prediction

This Memeinator price forecast looks at the presale that is currently at stage 5, and what’s likely to happen if the project launches successfully down the road. (Check the Memeinator roadmap here).

Memeinator’s short term goal is to reach a market cap of $1 billion, which for early investors, could mean a real bargain at current prices. It’s possible this token could topple many of the meme coins that offer no utility, have no clear roadmap and whose traction relies purely on hype. 

Notably, MMTR is priced at $0.0125 and the next stage is set to see the price increase to $0.0133. MMTR price during the presale will continue to rise through the 29 stages, finally reaching $0.049. It’s possible a bull market performance could have MMTR trading significantly higher than $0.1. 

The post Binance to list Memecoin (MEME): Will this spark Memeinator (MMTR)? appeared first on CoinJournal.

The Open Network (TON) proves it is the world’s fastest and most scalable blockchain

Zug, Switzerland, November 2nd, 2023, Chainwire

Verified and confirmed by Certik, TON blockchain hit a record of 104,715 transactions per second (TPS) during a public, live-streamed stress test

 

The Open Network Foundation (TON Foundation) has today announced that, during a successful live-streamed stress test, the TON blockchain has proven that it is the world’s fastest and most scalable public blockchain. The TON testnet was launched on 256 validators. Under heavy load, the testnet split into 512 shards, enabling the network to achieve a speed of 104,715 TPS. The unprecedented success of this test has proven TON capable of being the infrastructure layer for the Web3 ecosystem in Telegram and large enterprises seeking to create blockchain-based products, as well as a global decentralized network ready to usurp traditional finance rails.

In test runs, the TON testnet outpaced the reported speed of Visa while exceeding a speed of approximately 100,000 TPS, far surpassing the speed of approximately 65,000 TPS recorded by the previous record holder.

The data generated by this test has been verified by The Open Network’s security partner, CertiK, which is a Web3 smart contract auditor providing a comprehensive suite of tools to secure the industry at scale. CertiK has performed formal verifications of the TON blockchain to confirm its stability and security and has also assisted TON Foundation in verifying network speeds. TON Foundation used the infrastructure of Alibaba Cloud, the cloud computing subsidiary of Alibaba Group, to deliver the live-streamed stress test.

The stress test involved multiple layers of verification and performance monitoring. CertiK authenticated the network’s architecture, ensuring the 256 validators were operational and configured according to the specified settings. The nodes’ software versions were also checked for uniformity. During the actual performance test, TON lite servers were employed to fetch transaction counts at one-minute intervals, which were then used to calculate the TPS.

TON’s unique architecture means that the blockchain is inherently scalable by design. TON takes the concept of sharding to its extreme, using an “infinite sharding paradigm” to form a blockchain of blockchains. TON is able to split into 2^30 workchains, each of which can then be subdivided into up to 2^60 shards. TON is designed so that rather than having the capacity constantly available, TON may rapidly scale capacity as and when demand requires it. This ensures that computational power is used as efficiently as possible.

A host of large enterprises have started to recognise the benefits of using TON as their infrastructure for Web3 services. In September 2023, TON Foundation announced a collaboration with Telegram and Tencent Cloud. These partnerships are the first of many, with TON set to play a key role in hastening the mass adoption of blockchain technology by individuals and industries alike.

“The most amazing thing is that, despite the record-breaking results, the speed reached is not the limit of what TON is capable of. With a sufficient number of validators, TON’s unique architecture allows the blockchain to scale almost infinitely and process millions of TPS from billions of users.” said Anatolii Makosov, Core Development Lead at TON Foundation. “We are pleased to show you in practice that, with only 256 cloud validators, the TON blockchain broke the world speed record.”

About TON Foundation:

The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. TON Foundation is 100% funded by the community, acting in the community’s interests, and supports initiatives aligned with The Open Network’s mission. Learn more at https://ton.foundation.

About The Open Network (TON):

The Open Network (TON) is putting crypto in every pocket. By building a Web3 ecosystem in Telegram Messenger, TON is giving billions the opportunity to own their digital identity, data, and assets. See more at https://ton.org/.

 

Contact

TON Foundation
ton@theagencypartnership.com

The post The Open Network (TON) proves it is the world’s fastest and most scalable blockchain appeared first on CoinJournal.

Injective chooses Kava native USDT for its perps trading

Georgetown, Cayman Islands, November 2nd, 2023, Chainwire

Injective, a Cosmos Layer-1 blockchain designed to power next-generation DeFi applications, has selected the Kava Chain’s Native USDT for their Perps trading. The Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos.

This collaboration is poised to bring significant benefits to users of both platforms, signaling that this transformative partnership is set to reshape the world of DeFi. The integration of Kava Chain’s capabilities with Injective’s revolutionary DeFi technology is set to offer a host of advantages for both platforms, including Enhanced Trading Opportunities, Improved Liquidity, and Cross-Chain Flexibility.

“The introduction of stable asset interoperability is a major boon for the Injective ecosystem. USDT stands as a cornerstone within the broader crypto industry, and the extension of Kava’s USDT offering will serve as a major milestone for the community,” said Eric Chen, Co-Founder and CEO of Injective Labs.

The choice of Kava Chain’s native USDT for Perps Trading exemplifies the mutual benefits that this partnership brings, offering users the best of both worlds and enriching the DeFi experience for traders, investors, and developers alike. Together, they are poised to reshape the possibilities within the decentralized finance sector.

“We are thrilled that Injective has chosen the Kava Chains native USDt for perps trading. This partnership with Injective is a testament to our commitment to fostering innovation and access within DeFi. We are excited to offer our users the powerful tools and capabilities that Injective brings to the table,” said Scott Stuart, Co-Founder and CEO of Kava Labs.

Tether’s decision to integrate USDt natively on Cosmos in July 2023, using the Kava Chain as a hub, has since brought accessibility and financial stability to users and developers within the Cosmos ecosystem. After Osmosis, Injective is the 2nd tier-1 Cosmos protocol that is adopting Kava’s natively issued USDt, therefore simplifying the process, and offers a streamlined, efficient mechanism for stablecoin liquidity provision and transfer between the Cosmos and Ethereum ecosystems.

For more information about Injective and Kava Chain and its benefits, please visit their respective websites.

For more updates, follow Kava Chain on X (fka Twitter).

About Kava

Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, Kava Chain is a trusted choice for developers and users worldwide.

About Injective

Injective is a lightning-fast interoperable Layer-1 blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera, and Mark Cuban.

 

Contact

Media Manager
Guillermo Carandini
Kava
guillermo.carandini@kava.io

The post Injective chooses Kava native USDT for its perps trading appeared first on CoinJournal.

Dubai’s financial regulator approves XRP under its virtual assets regime

Ripple says approval allows licensed firms to incorporate XRP into their crypto asset services.
CEO Brad Garlinghouse notes that Dubai continues to grow as a global leader in crypto regulation and innovation.
Other cryptocurrencies allowed under the DFSA virtual asset regime are BTC, ETH and LTC.

Ripple has announced that the Dubai Financial Services Authority (DFSA) has officially approved the XRP cryptocurrency token under the regulator’s virtual assets regime. 

The approval allows licensed firms in the Dubai International Financial Centre (DIFC) to integrate XRP into their virtual asset services, the blockchain company noted in a press release.

XRP joins BTC, ETH and LTC on DFSA’s list

DFSA’s approval of XRP brings the number of digital assets allowed under the regulator’s virtual assets regime to four, with the Ripple token joining Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

According to Ripple, the development could see XRP benefit from DIFC’s legal and regulatory clarity. The company also believes this has the “potential to unlock new regional payments and other virtual asset use cases on the XRP Ledger.”

Today’s announcement comes a few days after Ripple inked a strategic partnership with crypto exchange Uphold as it seeks to bolster its cross-border payments infrastructure. It also comes ahead of Ripple Swell, a flagship event set for Dubai on November 8-9, with headline speakers including Alya Al Zarouni, COO of DIFC; and Hensen Orser, the CEO of VARA.

Ripple CEO Brad Garlinghouse, commenting on the XRP listing, lauded Dubai’s continued approach to the regulation of digital assets, noting its role in “nurturing innovation.”

“It’s refreshing to see the DFSA encourage the adoption and use of digital assets such as XRP to position Dubai as a leading financial services hub intent on attracting foreign investment and accelerating economic growth. Ripple will continue to double down on its presence in Dubai and we look forward to continuing to work closely with regulators to realize crypto’s full potential,” Garlinghouse added.

The post Dubai’s financial regulator approves XRP under its virtual assets regime appeared first on CoinJournal.

Bitget Wallet strengthens MEV protection with Flashbots integration, delivering a superior on-chain swap experience

Victoria, Seychelles, November 2nd, 2023, Chainwire

Formerly known as BitKeep Wallet, Bitget Wallet has now unveiled an upgraded MEV (Maximum Extractable Value) protection feature. By integrating with research and development organization Flashbots, Bitget Wallet aims to address the prevalent issue of MEV attacks across the Ethereum network, offering users a safer and more convenient on-chain trading experience.

The “MEV Protection” feature is now automatically enabled by default on Bitget Swap, the wallet’s integrated swap function, protecting users from potential risks such as front-running and ‘sandwich attacks’ when they perform on-chain token transactions on Ethereum using Bitget Swap. Additionally, leveraging Flashbots’ MEV-Share protocol allows Bitget Wallet to automatically return MEV profits generated from transactions to users without any additional actions required on their part.

MEV attacks occur when malicious actors manipulate and rearrange orders within a block, thus creating opportunities for illicit value generation by forcing other users to incur losses. Flashbots remains committed to refining the MEV market to achieve a more efficient, decentralized, and equitable on-chain environment, substantially reducing the adverse impacts of MEV and pre-execution strategies.

Earlier this year, Bitget Wallet entered into a collaboration with Flashbots, providing Bitget Swap users with access to the Flashbots transaction bundling method and optimizing the order of transaction execution to ensure transaction priority. This mechanism allows users to circumvent both potential MEV threats arising from varying execution sequences as well as transaction slippage. Bitget Wallet’s latest update brings with it an upgraded and more user-centric “MEV Protection” feature which is more distinctively recognizable for users performing trades on Bitget Swap.

Through this partnership, Bitget Wallet and Flashbots aim to jointly mitigate the negative consequences of MEV on the market, heighten overall transaction security, protect users from malicious actors, optimize transaction fees, avoid unnecessary costs, and propel the Ethereum ecosystem towards fairness and sustainable growth for all users.

With swap trading at its core, Bitget Wallet is dedicated to serving its global userbase as the most user-friendly and optimal Web3 trading wallet in the market. This collaboration further demonstrates and underscores the platform’s commitment to offering an unparalleled on-chain trading experience for all.

About Bitget Wallet

Formerly known as BitKeep, Bitget Wallet stands as Asia’s largest and global frontrunner among all-in-one Web3 multi-chain wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, and more.

With a 5-year legacy, Bitget Wallet has garnered acclaim from over 12 million users worldwide and has secured partnerships with prominent industry leaders including Ethereum, BNB Chain, Arbitrum, Polygon, and others. This success stems from our commitment to consistently delivering secure and convenient products and services.

In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet.

For more information, visit:

Website
Twitter
Telegram
Discord

 

Contact

Rachel Cheung
media@bitget.com

The post Bitget Wallet strengthens MEV protection with Flashbots integration, delivering a superior on-chain swap experience appeared first on CoinJournal.

Morgan Stanley bullish on Bitcoin halving; Shiba Inu, BNB, and this new token could soar

Morgan Stanley, a big investment bank, has just stated that the upcoming Bitcoin (BTC) halving will likely trigger a fresh bull market in 2024. 

This means that the price of Bitcoin could go up significantly and so will other altcoins. Altcoins that could benefit from this rally include Shiba Inu, BNB, and Everlodge.

Everlodge the first web3 marketplace for real estate trade

Shiha Inu and BNB crypto are not the only tokens that can benefit from the Bitcoin halving. One new token that analysts believe will see more gains in 2024 is the Everlodge token, ELDG. Why? You might ask. Global tourism has been growing since the end of the Covid-19 lockdown. 

Because investing in real estate requires a significant amount of money upfront, only a few wealthy individuals have joined the industry. Everlodge is here to assist and promises to make property investment simpler. They’ve harnessed blockchain technology to turn real estate into NFTs, which can be split into smaller parts. 

Just so you know, anyone can buy these NFTs for as little as $100. Furthermore, the value of these NFTs rises as the properties appreciate. Additionally, these NFTs have more value than regular ones. During this time, the value of its token, ELDG, surged by more than 100%, going from $0.01 to $0.23.

Everlodge’s price is expected to continue increasing as the presale proceeds. 

For more information about the Everlodge (ELDG) Presale you can visit their website or join their community here.

Shiba Inu moves towards self-custody of assets

The Shiba Inu (SHIB) team is working on a new feature to allow SHIB coin holders to manage their identity. A Shiba Inu developer, Kaaldhairya, mentioned the news in a comment on October 28th. He talked about a digital ID system for SHIB coin holders. 

Meanwhile, Shiba Inu developers haven’t shared all the details yet. However, they are counting down 72 hours to the big reveal on October 31st. This new feature, called Self-Sovereign Identity (SSI), is expected to make SHIB more decentralized and make the Shiba Inu ecosystem stronger.

Also, this would attract more investors and affect Shiba Inu’s price in the long term. The Shiba Inu coin price crossed the $0.00000803 level in October. Analysts have noted that Shiba Inu’s value will rise to $0.00003360 in 2024.

BNBChain launches multi-signature wallet service

BNBChain has introduced a new wallet service called BNB SafeWallet. This wallet uses the Gnosis Safe protocol and works on both the Binance Smart Chain and opBNB. According to BNBChain’s blog post, this launch is a big step in making the BSC network more secure. 

Besides, the BNBChain Safe multi-signature wallet service offers users a safe place to store their digital assets. BNBChain’s native token, Binance Coin has seen huge gains lately. It has broken out of its consolidation phase and increased to $229.25 on October 30th.

Currently, analysts have looked at the BNB token. They have forecasted that BNB price will increase to $310 in 2024, soaring on Bitcoin’s halving event. Given the bullish predictions, investors are now looking for where to buy BNB.

The post Morgan Stanley bullish on Bitcoin halving; Shiba Inu, BNB, and this new token could soar appeared first on CoinJournal.

Axie Infinity (AXS) rises 15% amid Sky Mavis and Act Games partnership

Sky Mavis is the developer of the blockchain-based blockchain Axie Infinity.
The partnership brings Japanese Web2 games to Ronin Blockchain.
Axie Infinity’s track record positions Ronin as a significant player in the NFT space.

The native cryptocurrency of the popular blockchain-based game Axie Infinity, AXS, experienced a remarkable surge of 15% in its price today, closely tied to the recent announcement of a strategic partnership between Sky Mavis and Act Games.

The collaboration aims to integrate a series of well-known Japanese video game franchises into the Ronin blockchain, providing an exciting new avenue for blockchain gaming enthusiasts.

Axie Infinity developer’s partnership with Act Games 

Axie Infinity’s developer, Sky Mavis, recently unveiled a groundbreaking partnership with the Korean gaming studio Act Games. The partnership signifies a significant step forward in the integration of Japanese gaming franchises onto the Ronin blockchain.

One of the first games to make its debut on this platform is the highly anticipated ‘Zoids Wild Arena,’ inspired by Tomy’s renowned anime series that first captivated audiences back in 1983 with its iconic plastic model figures.

The partnership also aims to combine Sky Mavis’ extensive expertise in web3 and NFT gaming with Act Games’ proficiency in expanding popular intellectual properties (IPs) to create an immersive and engaging gaming experience for players of all ages.

To encourage the migration of users to the Ronin blockchain, initial incentives including exclusive Zoids NFTs and token drops have been announced.

Notable growth of Axie Infinity’s AXS token

The recent surge in AXS token’s price by 15% reflects the excitement and confidence in the partnership’s potential to revolutionize the gaming landscape on the blockchain.

With Axie Infinity boasting impressive statistics such as $4.2 billion in NFT sales volume and millions of daily active users, the Ronin blockchain has emerged as a significant player in the NFT space, ranking just behind Ethereum in terms of NFT sales transactions.

Sky Mavis’ previous successful funding rounds, supported by prominent investors like Andreessen Horowitz and Binance, further underscore the industry’s confidence in their vision and products.

The post Axie Infinity (AXS) rises 15% amid Sky Mavis and Act Games partnership appeared first on CoinJournal.

Swiss Bank SGKB partners with SEBA for Bitcoin and Ethereum services

St. Galler Kantonalbank teams up with SEBA Bank for Bitcoin and Ether services.
Swiss clients can now trade Bitcoin and Ethereum, with the potential for more cryptocurrencies.
Switzerland’s embrace of digital assets shows the future of traditional banking.

Switzerland’s fifth-largest cantonal bank, St. Galler Kantonalbank (SGKB), has made its foray into the world of digital assets through a strategic partnership with SEBA Bank.

This development marks a significant step in the adoption of cryptocurrencies within the Swiss banking industry.

Bitcoin and Ether custody and trading services

SGKB has officially launched digital asset custody and trading services for a select group of clients, starting with the two most prominent cryptocurrencies, Bitcoin and Ethereum (ether).

This move not only reflects the growing interest in digital assets but also offers clients the convenience of managing their crypto holdings through their traditional bank accounts.

SGKB, one of Switzerland’s 24 cantonal banks, is a commercial institution partially owned by the federal government. The partnership with SEBA Bank is a clear signal of the Swiss banking sector’s commitment to embracing cryptocurrencies.

SEBA Bank, holding a banking license from Switzerland’s financial markets regulator, FINMA, specializes in providing digital asset services to other banking institutions. Their role in supporting SGKB’s digital asset expansion demonstrates the importance of collaborating with established crypto-focused entities to navigate the complexities of the digital asset space.

Future expansion and client integration

SGKB intends to expand its digital asset offerings in response to client demand, potentially adding more cryptocurrencies to its roster. The partnership with SEBA Bank paves the way for SGKB’s clients to seamlessly integrate cryptocurrencies into their existing investment portfolios.

This partnership is a testament to Switzerland’s proactive approach to fostering a supportive regulatory environment for cryptocurrencies and blockchain technology. It highlights the efficiency with which traditional financial institutions can embrace digital assets, offering a bridge between the world of cryptocurrencies and the well-established Swiss banking industry.

The post Swiss Bank SGKB partners with SEBA for Bitcoin and Ethereum services appeared first on CoinJournal.


Verified by MonsterInsights