According to Foresight News, the NEAR Foundation has announced a partnership with Colombian fintech companies Lulo X and Peersyst Technology. The collaboration aims to leverage the innovative blockchain technology of NEAR Protocol to facilitate seamless and secure transactions. Additionally, Lulo X plans to build a native stablecoin on the NEAR blockchain.

Lulo X, a fintech firm based in Colombia, will utilize the NEAR Protocol to promote secure transactions. The partnership will also see the construction of a native stablecoin on the NEAR blockchain. This move is expected to enhance the security and efficiency of transactions, providing a significant boost to the fintech landscape in Colombia.

The partnership between the NEAR Foundation and these Colombian fintech firms underscores the growing adoption of blockchain technology in the financial sector. It also highlights the potential of blockchain technology in facilitating secure and seamless transactions, as well as the creation of stablecoins.

According to Foresight News, Wormhole has announced that its native token, W, can now be seamlessly transferred across Solana, Ethereum, Arbitrum, Optimism, and Base. This development eliminates issues of liquidity fragmentation or liquidity pool problems. The W token remains an SPL token on Solana and an ERC20 token on EVM chains. This marks the completion of the second phase of W's launch roadmap. The implementation of native multi-chain for W is a significant step forward in the token's development.

According to TechCrunch, Stripe, a leading fintech company, is making a comeback in the cryptocurrency market. The company announced on Thursday that it would begin accepting cryptocurrency payments, starting with USDC stablecoins. Initially, these payments will only be accepted on Solana, Ethereum, and Polygon. This marks Stripe's first acceptance of crypto payments since 2018 when it discontinued Bitcoin support due to its instability.

In 2022, Stripe made its initial reentry into the cryptocurrency market by announcing payouts in USDC, with Twitter being its notable customer for the service. However, no customer names have been attached to Thursday's announcement. The news is expected to be officially announced by Stripe co-founder and President John Collison at the company's Connect developer conference in San Francisco.

Stripe's reentry into the crypto market is part of a broader strategy to expand its services. On Wednesday, the company announced a series of launches, including allowing customers to integrate competing payment providers with Stripe's financial services tools for the first time.

Stripe's history with cryptocurrency has been a delicate balance. While the company has shown interest in blockchain-based technologies and their impact on financial services, it has also been cautious not to jeopardize its position as a stable financial powerhouse. In 2014, Stripe began testing Bitcoin, the first major cryptocurrency. However, by 2018, it withdrew from these activities, citing Bitcoin's volatility and instability.

In June 2019, Stripe became a founding member of Libra, Facebook's cryptocurrency project, but withdrew support by October 2019. It took three more years for Stripe to reengage with cryptocurrency, this time with Twitter and USDC payouts. It remains to be seen how long Stripe will continue with this latest launch and what its future efforts will look like. However, it is understood that the company is already considering other stablecoins and platforms.

Contact Binance News: binancenews@binance.comHow to Earn Commissions with  Binance News?Want to not only stimulate lively discussions within your community but also earn commissions? Binance News introduces a Telegram bot that shares carefully curated news articles selected by our expert editorial team. We extend a warm invitation for you to seamlessly integrate this bot into your Telegram communities, providing your users with up-to-the-minute news and market insights.When sharing news pieces with your followers, the bot will integrate your referral ID into links. For every new user successfully referred to Binance via the links, the referrer will receive a commission on fees anytime the new referred user trades on any of Binance’s Spot or Margin markets. For more details, please refer to the FAQ: https://www.binance.com/en/support/faq/frequently-asked-questions-on-binance-referral-pro-mode-6233094e540b4ea4ac50387d1518911b . How Can You Get Started?1) Add the bot (@OfficialBinanceFeedBot) to your Telegram groups or channels and grant it permission to send messages.2) Find your Referral ID for Referral Pro on this page: https://www.binance.com/en/activity/referral?stopRedirectToActivity=true , and decide if you need to create a specific Referral ID for the bot.3) After completing the two steps mentioned above, simply share your group or channel links along with your Referral ID with the Binance News team, and we'll take care of the rest with our tech team.Note: Please contact us, and our technical team will assist you with the necessary configuration. Simply adding the bot as a group member will not successfully share news articles in the group. The bot is currently available in English, Simplified Chinese, and Traditional Chinese, with more languages coming soon.Why Partner with Binance News?Top-quality content for FREETraditionally, procuring content licenses from leading crypto media outlets could cost over USD 5000 monthly. Binance is revolutionizing this landscape by offering premium content to our valued partners at no cost.Boost Your Credibility Through Partnership with Binance NewsAs the official news channel of the world's largest crypto exchange, Binance News boasts the highest number of followers on Binance Square. This underscores the trust and reliance placed on Binance News. By seamlessly integrating Binance News content into your platform, you not only provide invaluable insights to your users but also enhance the credibility of your brand.About Binance NewsBinance News (https://www.binance.com/en/feed/news/all) stands as the foremost news source within Binance Square, one of the world's largest crypto communities. Committed to delivering real-time market data and the latest trends, Binance News ensures your audience remains consistently ahead in the dynamic realm of cryptocurrency.Read More‣ How Can Binance News RSS Feed Integration Elevate Your Website? Discover the Benefits!

Fellow Binancians,
Starting at approximately 2024-05-06 02:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Horizen (ZEN) network to support its network upgrade to ensure the best user experience.
The network upgrade will take place at the block height of 1,554,150, or approximately at 2024-05-06 03:00 (UTC).
Please note:
The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
For more information, please refer to the announcement from the project team.
Thank you for your support!
Binance Team
2024-04-25

IMPORTANT: Binance will be the first platform to list the token mentioned herein. Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds.
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce the first project on Binance Megadrop - BounceBit (BB), a BTC restaking chain. Users can start participating in the BounceBit Megadrop from 2024-04-26 00:00:00 (UTC). The BounceBit Megadrop page is estimated to be available on the Binance App in five hours.
Binance will then list BounceBit (BB) at 2024-05-13 10:00 (UTC) and open trading with BB/BTC, BB/USDT, BB/BNB, BB/FDUSD and BB/TRY trading pairs. The Seed Tag will be applied to BB. Read about BounceBit (BB) in our research report.
BounceBit Megadrop Period:
2024-04-26 00:00:00 (UTC) to 2024-05-12 23:59:59 (UTC)BNB Locked Products Snapshot Period: To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2024-04-26 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ.Web3 Quest Period: Users may complete Web3 Quest(s) during the Quest Period.Web3 Quest 1: “Stake 0.0001 BTCB to BounceBit” (Tutorial) 2024-05-13 06:00:00 (UTC)Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Wallet.
BounceBit Megadrop Details
Token Name: BounceBit (BB)Max Token Supply: 2,100,000,000 BB Megadrop Token Rewards: 168,000,000 BB (8% of max token supply)Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply)User Eligibility: KYC required in eligible jurisdictionsHard Cap per User: 1,344,000 BBRewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest BonusLocked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount x 130) + (Average 90-day BNB Locked Amount x 120) + (Average 60-day BNB Locked Amount x 110) + (Average 30-day BNB Locked Amount x 100) Web3 Quest Multiplier: 1.5Web3 Quest Bonus: 1,000
How to Get Started With Binance Megadrop*:
Log into your Binance account.Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Create your first Web3 Wallet now if you have not yet done so.After completing all the designated Web3 Quest(s), click on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.Receive Megadrop rewards based on your Total Score.
* Notes:
External wallets imported to Binance Web3 Wallet will not count. Only backed-up wallets that are created in Binance Web3 Wallet may participate in Megadrop events.About BNB Locked ProductsFor the calculations of Locked BNB Score, the "30 Days" multiplier will apply to all BNB Locked Products subscriptions with a duration of less than 30 days (e.g., 15 days).Users will receive different scores for each active subscription based on the subscription period. The longer the duration, the higher the Locked BNB Score. Refer to the BNB Locked Products page for the latest APRs and maximum subscription limits.Users may receive both Megadrop and Launchpool rewards at the same time (where applicable). There is no need to redeem BNB Locked Products positions to participate in Launchpools. BNB Vault assets will not count toward the Megadrop score calculation.
BounceBit (BB) Project Links:
WebsiteWhitepaperXMedium
Further Information:
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 QuestsWhat Is Binance MegadropWhat Is Binance Web3 Wallet and How Does It WorkHow to Back Up Your Binance Web3 WalletFrequently Asked Questions on Megadrop and BNB Locked Products
Terms & Conditions:
Only users who complete identity verification in eligible jurisdictions may participate in the BounceBit (BB) Megadrop. During the BNB Locked Products Snapshot Period, snapshots of users’ BNB Locked Products subscription amounts will be taken multiple times at any point of time each hour to get users’ hourly average subscriptions and calculate users’ Locked BNB Score. Locked BNB Score will be updated on a daily basis.Each sub-account will not be viewed as an independent account when participating in this Megadrop. Sub-accounts’ subscription amount will be combined with the master account’s standard subscription amount.Please note that some features of Megadrop may not be available in every country due to regional restrictions. This includes, but is not limited to, Web3 Wallet access or participation in Simple Earn. Therefore it is possible that only some features of the Megadrop platform may be available in users’ regions, and users may have partial access to the Megadrop platform. Currently, users residing in the following countries or regions will not be able to participate in Megadrops by subscribing to BNB Locked Products or completing Web3 Quests: For Simple Earn BNB Locked Products participants: Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, Lithuania, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.For Web3 Quests participants: Australia, Brazil, Canada, Cuba, Crimea Region, Cyprus, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors. There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-04-25
Note: This announcement was updated on 2024-04-26, and on 2024-04-25 to add further clarifications on the calculations of Locked BNB Score.

Crypto analyst JackTheRippler has raised the possibility of the XRP price rising to $100 soon enough. As part of his prediction, he mentioned what needs to happen for the crypto token to attain such ambitious heights. 

How XRP Price Could Rise To $100

JackTheRippler suggested in an X(formerly Twitter) post that the XRP price hitting $100 was “inevitable” once the case between the Securities and Exchange Commission (SEC) and Ripple came to an end. Furthermore, he predicted that XRP could rise to as high as $10,000, claiming that the crypto token hitting five figures was achievable after the lawsuit.

Related Reading: Brazil Wants BTC: 7,400 Bitcoin Futures Contracts Created On First Day Of Trading

The analyst’s remarks again highlight the belief among members of the XRP community that the SEC’s lawsuit against Ripple has greatly hindered XRP’s growth. Specifically, the lawsuit is believed to be why XRP underperformed in the 2021 bull run, having made remarkable strides in the 2017 bull run (long before the lawsuit was instituted). 

Meanwhile, in his remarks, JackTheRippler alluded to XRP gaining regulatory clarity once the case between the SEC and Ripple was over. This statement caught the attention of some of his followers, who pointed out that it had gotten clarity following Judge Analisa Torres’ ruling that XRP isn’t a security. 

Interestingly, XRP has failed to mount any significant run despite gaining this clarity last year. This is one reason why some XRP holders seem to have lost faith in the crypto token, as expectations were high following Judge Torres’ ruling. However, nothing much happened as the crypto token briefly rose on the back of the ruling but steadily declined in the following weeks. 

Therefore, these holders will likely be cautious about getting their hopes high despite JackTheRippler’s optimism since XRP could still maintain its unimpressive price action even after the SEC’s lawsuit is over. 

The SEC’s Lawsuit May Not Be Ending Anytime Soon

Meanwhile, it is worth noting that the case between the SEC and Ripple could even drag on beyond this year, irrespective of the outcome of the penalties stage, as both parties are likely to appeal certain rulings. This means that XRP holders might have to wait a while to see if the crypto token hits $100 based on JackTheRippler’s prediction. 

If the case is prolonged beyond this year, XRP could miss out on achieving its true potential in this bull run if the lawsuit is indeed acting as a stumbling block to its progress. The lawsuit has, however, not stopped crypto analysts like Egrag Crypto from making bullish predictions for XRP in this bull run. He predicts the crypto token could rise to as high as $27 at this market peak. 

At the time of writing, XRP is trading at around $0.54, up over 2% in the last 24 hours, according to data from CoinMarketCap. 

XRP price shows bullish momentum | Source: XRPUSDT on Tradingview.com

Featured image from Bitcoinist, chart from Tradingview.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Source: NewsBTC.com

The post Analyst Says XRP Price Will Reach $100, But This Needs To Happen First appeared first on Crypto Breaking News.

Runes — a new token standard on Bitcoin — has made up more than two-thirds of transactions on Bitcoin since it was launched following the network’s halving event on April 20.

More than 2.38 million Runes transactions have been processed — accounting for 68% of all Bitcoin transactions made since it launched on April 20, according to a Dune Analytics dashboard shared by blockchain research firm Crypto Koryo.

Ordinary Bitcoin peer-to-peer transactions, BRC-20s, Ordinals and Runes were included in the total transaction count.

Share of Bitcoin transactions between various token standards. Source: Dune Analytics

Runes had its biggest day on April 23 with more than 750,000 transactions, though the count more than halved the next day at 312,000 transactions.

Much of the initial demand at block 840,000 came from memecoin and nonfungible token enthusiasts competing to inscribe and etch “rare satoshis” via the Runes protocol.

As a result, Runes transactions contributed to nearly 70% of miner fees on the halving day. Since then, the daily figure fluctuated between 33% and 69%.

However, industry pundits are also split on whether Runes will provide a sustainable revenue stream for Bitcoin miners, and there’s already a disparity between the numbers of Rune transactions and miner fees earned from Runes.

The new protocol, launched by Ordinals inventor Casey Rodarmor, has been marketed as a more efficient way to create new tokens on the Bitcoin network when compared to the BRC-20 token standard — an Ordinals-based method for creating Bitcoin-based tokens.

Related: Bitcoin fees crash after record daily average of $128 on halving day

However, not everyone is happy with the amount of block space that has been taken up by Runes transactions in recent days.

Among those critics is Nikita Zhavoronkov, a lead developer at blockchain search engine Blockchair, who believes Bitcoin has “completely ceased” becoming a peer-to-peer electronic cash system — what its pseudonymous creator Satoshi Nakamoto originally envisioned.

Source: Nikita Zhavoronkov

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