After the recent rise of the Pepe (PEPE) meme coin, Bitcoin's BRC-20 token standard has become the latest fad in the crypto ecosystem. The BRC-20 standard has been used to create 8,500 tokens, most of which are meme coins such as PEPE and Memetic (MEME). With all this hype in the crypto industry, let’s explore more about what are these BRC20 tokens and how you can mint them. 

What are BRC20 tokens? 

The BRC-20 "token standard" is a test fungible token developed with Ordinals and Inscriptions and saved on the Bitcoin base chain. It deploys token contracts, mints tokens, and transfers tokens using Ordinal inscriptions of JSON data.

This is not a token standard in the sense that EVM chains create smart contracts that manage the token standard and its various rules, but rather a method of storing a script file in Bitcoin and using that file to attribute tokens to satoshis and then allowing them to move from one user to another. 

On March 8th, 2023, Twitter user @domodata developed the BRC-20 token. The name is a play on Ethereum's ERC-20 token standard, however, they do not interact with smart contracts like the EVM standard from which it derives its name.  

There are numerous methods for creating tokens on other chains, each of which has its own market and exchange with liquidity where they can be exchanged. The token market is a breeding ground for speculation and scams, and hearing this ERC-20 word may attract these consumers, who may then relocate to Bitcoin. 

While this may increase demand for Bitcoin to pay fees and take up block space, it may also entice naive investors to purchase meaningless metadata that only a few wallets manage to transform into something worth displaying in a human-readable manner. 

After understanding a brief of the BRC-20 tokens, let’s understand why they are hyped. 

Why are BRC-20 tokens so hyped? 

The original BRC-20 token contract for the "ordi" token has a hard cap of 1,000 tokens each mint and a total maximum supply of 21 million tokens. Since then, the market value of BRC-20 tokens has risen over the previous month, reaching an astounding $120 million, signifying a 600% increase in the last week alone. On May 1, BRC-20 tokens had a volume of 366,000 transactions, while the total number of transactions on the network was 2.36 million. As the demand for BRC-20 tokens continues to climb, so are transaction costs as a result of the increased token activity. With the increased hype of the BRC-20 tokens, the BTC chain is congested. 

Now that you know why BRC-20 tokens have been hyped, let’s explore how you can mint BRC20 tokens. 

How to mint BRC20 tokens? 

Bitcoin Tokens (BRC-20) are blockchain-based digital assets that are frequently used for decentralized finance, gaming, and digital collectibles. Unisat.io is a platform that enables users to easily generate, manage, and trade these tokens. We will lead you through the process of minting Bitcoin Tokens (BRC20) on Unisat.io in this comprehensive guide. 

Step 1: Create a Wallet 

You must first create a suitable wallet before you can begin minting tokens. Unisat is a well-known web-based wallet that accepts custom BRC20 tokens. 

Step 2: Integrate BRC20 Support into Your Wallet 

After you've created your wallet, you'll need to add BRC20 token support. Take the following steps: 

Choose the option to add custom tokens or assets to your wallet. 

Add the BRC20 token standard's contract address. You can find it on the Unisat.io website or in the token's documentation. 

Input the token's symbol and decimals that can be found in the documentation. 

Step 3: Get Some Bitcoin (BTC) 

You will need both Bitcoin (BTC) to mint BRC-20 tokens. Here's how to get them: 

Buy Bitcoin from any reputed exchange like Binance, Coinbbase, Kucoin, etc.

Buy Bitcoin from P2P

Borrow some BTC from your friend (Need really good friends for this)

Step 4: Add Bitcoin to Your Wallet 

Now that you have the necessary cryptocurrency, deposit them into your wallet by completing these steps: 

Find your Bitcoin Taproot (BTC) addresses in your wallet. Make sure it is a Taproot address.

Navigate to the withdrawal area on the exchange and enter your wallet addresses. 

Confirm the transaction and wait for the funds to appear in your wallet. 

Step 5: Register Your Wallet with Unisat.io 

Follow these steps to connect your wallet to Unisat.io: 

Visit the website Unisat.io. 

Select the "Connect Wallet" option. 

Select your wallet from the list of available alternatives and follow the on-screen instructions to connect. 

Step 6: Mint Tokens 

Now that your wallet is connected, you may begin minting BRC20 tokens. Take the following steps: 

Navigate to the "Mint Tokens" area of Unisat.io. 

Enter the desired token information, such as the name, symbol, and total supply. 

Choose the functionality of the token, such as whether it should be transferable or have a fixed supply. 

Click "Mint Tokens" to validate the transaction in your wallet. 

Step 7: Organise and Trade Your BRC-20 Tokens 

Manage and trade tokens on Unisat.io using the following steps: 

Go to Unisat.io's "My Tokens" area. 

View and control your tokens, such as changing the supply of the token or adding new functionality. 

To trade your tokens, go to the "Marketplace" section and make a new trading pair with the cryptocurrency of your choice. You need 20 UniSat points to trade on Marketplace. Please note that for each use of UniSat Inscribe to create an inscription (including TRANSFER minting in UniSat Wallet), the UniSat Points of your connected address will be incremented by one.

Set the price as well as other trading characteristics such as order type and quantity. 

Step 8: Market Your BRC-20 Tokens 

Consider advertising your BRC-20 tokens using the following avenues to boost their value and awareness: 

Social networking sites: To reach a larger audience, share your token's information and updates on platforms including Twitter, Facebook, and Reddit. 

To attract potential investors and users, participate in conversations on major cryptocurrency forums such as Bitcointalk and CryptoCompare. 

Press Statements: To announce noteworthy milestones or partnerships, publish press releases on recognized Bitcoin news sources. 

Step 9: Incorporate Your BRC-20 Tokens into Decentralised Applications (dApps). 

Consider incorporating your BRC-20 tokens into blockchain-based decentralized applications (dApps) to boost their usage and value: 

Finance Decentralised (DeFi): Allow your tokens to be used as collateral, staked for rewards, lent, and borrowed on DeFi platforms such as Uniswap, Aave, and Compound. 

Non-fungible Tokens (NFTs): Use your BRC-20 tokens as the underlying value to create digital collectibles, virtual goods, or in-game assets. 

DAOs: Use your tokens to enable governance and voting within decentralized organizations or communities. 

Step 10: Tracking the Performance of Your BRC-20 Tokens 

Consider using the following tools and resources to monitor the success of your BRC-20 tokens and make educated decisions: 

https://brc-20.io: Monitor the market value, trading volume, and market cap of your tokens on prominent cryptocurrency data aggregators on BRC-20. 

Ordspace.org: Examine your token's on-chain activity, such as transactions, holders, and token transfers. 

Dune Analytics: Create custom dashboards to visualize and analyze your token's statistics and trends. 

Bottom Line

Minting BRC-20 tokens on Unisat.io is a simple operation that can provide your digital assets with multiple potentials. You can easily create, manage, and trade BRC-20 tokens by following this step-by-step guide. To maximize their potential and worth, remember to market your tokens, incorporate them into dApps, and track their success. 

José Fernández criticized Ethereum for its high network fees and limited scalability, suggesting Solana as the better alternative.

PayPal, a leading digital payment platform, ventured into the cryptocurrency space four years ago by introducing limited crypto trading services for its users. In August 2023, PayPal launched its regulated stablecoin, PayPal Stablecoin (PYUSD), on the Ethereum network.

Today, we’re unveiling a new stablecoin, PayPal USD (PYUSD). It’s designed for payments and is backed by highly liquid and secure assets. Starting today and rolling out in the next few weeks, you’ll be able to buy, sell, hold and transfer PYUSD. Learn more https://t.co/53RRBhmNHx pic.twitter.com/53ur2KmjU7

— PayPal (@PayPal) August 7, 2023

On 20th Sep 2024, PayPal’s Vice President of Blockchain, Crypto, and Digital Currencies, José Fernández, stated that Solana was always the ideal choice for international payments rather than Ethereum for PayPal. 

Fernández emphasized Ethereum’s inefficiencies in handling high transaction volumes due to expensive gas fees and lower scalability, making it unsuitable for PayPal’s global payment solutions.

🚨BREAKING: @PayPal's José Fernández states that Ethereum isn't the best solution for payments, prompting their launch on @Solana, which offers token extensions, lower costs, and can process 1,000 transactions per second, ideal for mainstream adoption.– Breakpoint 2024 pic.twitter.com/08rjHjCICK

— 𝕾𝖕𝖆𝖈𝖊 𝕭𝖔𝖞 (@aniijeh) September 20, 2024

Solana’s superior transaction speeds and capacity of 1,000 transactions per second (TPS) make it a strong competitor, offering more scalable, low-cost solutions compared to Ethereum.

PayPal Stablecoin & Solana Integration

In May 2024, PayPal launched its stablecoin on Solana, witnessing rapid growth in user adoption and financial activity. PYUSD has since grown significantly, reaching a market capitalization of $700 million—an impressive milestone for a newly launched stablecoin. The launch on Solana has been a driving factor behind this surge.

Source: CMC

Recently, former Coinbase employees Vishal Gupta and Patrick McCreary launched TrueX Exchange using PYUSD. They stated that they preferred PYUSD over other stablecoins like USDC and USDT due to its robust performance and security features, especially after its launch on the Solana network.

We’ve been waiting weeks for this and I’m excited to announce my new venture!TrueX (@truex_exchange), a non-custodial, stablecoin-native exchange representing the next evolution in crypto markets, today announced that we have officially launched out of stealth.TrueX is the… https://t.co/llT1WPPfgm

— Vishal K. Gupta (@vishalkgupta) September 18, 2024

The success of PYUSD on Solana suggests that the network is becoming the preferred choice for stablecoin-related transactions. Other major exchanges are now also exploring the integration of Solana for their digital asset operations.

Read also: BingX Restores Crypto Withdrawals and Trading Services in Less than 24 Hours After $52 Million Hack

The BingX team has confirmed that all services on the exchange have resumed, and users can now use the platform without any concerns.

BingX is a well-known global crypto trading platform. Yesterday morning, the exchange suffered a security breach, losing nearly $52 million worth of cryptocurrencies. Following the incident, BingX paused all crypto withdrawal and deposit services.

https://t.co/VHJvocnYc8#BingX #Crypto Exchange Loses Nearly $43M, All Services Suspended #Hacking #Hack

— Bitcoinik (@Bitcoinikdotcom) September 20, 2024

Later that night, BingX’s Chief Product Officer, Vivien Lin, confirmed the gradual resumption of crypto withdrawal services.

Dear @BingXOfficial users,We’re gradually resuming withdrawal services.BSC network withdrawals, including USDT, USDC, BTC, ETH, TRX, SOL, will be available by 2024-09-21 08:30 (UTC+8).Thank you for your continued support.

— Vivien Lin @ BingX (@Vivien_BingX) September 20, 2024

Already, the BingX executives confirmed that they will compensate the customer’s loss from their pocket. In short, customers will not face any kind of loss.

Details of the Loss and Actions Taken

Initially, BingX claimed that the exchange had lost only a small amount of money. However, further investigation revealed a larger loss. According to reports from a blockchain security firm, the hacker stole approximately $52 million in cryptocurrencies.

In an interview with Cointelegraph, a BingX executive stated that $10 million in stolen funds had already been frozen. The exchange is working with security firms like SlowMist, Chainalysis, and others to recover the remaining stolen assets.

Crypto Hacking Incidents

Earlier last week, decentralized finance (DeFi) platform Delta Prime confirmed a $6 million breach.

🚨ALERT🚨Our system has detected multiple suspicious transactions involving @DeltaPrimeDefi on $ARB chain! (Still ongoing)It seems that admin has lost the private key. Suspicious address still draining the pools! Affected pools so far are the #DPUSDC, #DPARB, #DPBTCb !… pic.twitter.com/8sXanAaCwe

— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 16, 2024

Two months ago, Indian crypto exchange WazirX faced a major hack, losing $235 million. The WazirX breach is suspected to have involved insider involvement, as the hacker was able to access the exchange’s cold wallet. 

WazirX is currently on the verge of bankruptcy, but its CEO, Nischal Shetty, is actively working to restructure and revive the platform.

Read also: Supreme Court of India’s YouTube Channel Hacked, Used to Promote Fake $XRP Scam

On the morning of 20 Sep 2024, when the Supreme Court’s YouTube channel, known for live-streaming important court hearings and public information, was compromised. The hackers took over the channel and initiated a live stream that falsely claimed to offer free XRP tokens to viewers who sent a specific amount of cryptocurrency to the scammer’s wallet.

The livestream used official-looking visuals, complete with XRP logos and images of well-known figures in the cryptocurrency space to give it an air of legitimacy. This method, known as “crypto giveaway scams,” is a common tactic employed by cybercriminals who exploit the popularity of cryptocurrencies to defraud unsuspecting users.

The live stream was promptly taken down, and the hacked YouTube channel was temporarily suspended to prevent further damage. 

An official statement from the Supreme Court’s office confirmed the hack and assured the public that they were working with law enforcement and cybersecurity experts to identify the attackers.

Investigators are optimistic that with YouTube’s cooperation, they can trace the origin of the hack and bring the perpetrators to justice.

As the investigation continues, cybersecurity measures on the Supreme Court’s YouTube and other official channels are expected to be enhanced to prevent future incidents.

Popularity of XRP and Its Use in Scams

XRP is often used by scammers due to its wide recognition and strong community following. Scammers frequently target high-profile social media accounts and YouTube accounts to promote fake XRP token giveaways, using the appeal of free cryptocurrency to lure in victims.

Such type of fraud activity has been now very common, with hackers often targeting accounts belonging to prominent figures or institutions to make their scams appear credible. The Supreme Court of India is the latest in a series of high-profile targets.

The Supreme Court has issued a public advisory & urged people to remain away from any digital assets giveaway schemes and to report any suspicious activity immediately. The advisory also emphasized the importance of being cautious when interacting with cryptocurrency-related content online, especially those promising unrealistic returns or free tokens.

Some people said that this latest incident with the Supreme Court may impose pressure on the Reserve Bank of India (RBI) and other financial regulators to issue fresh warnings regarding cryptocurrency scams.

Read also: TerraForm Labs Receives Regulatory Approval to Wind Down All Crypto Businesses

The court ruling has approved TerraForm Labs to liquidate all of its business operations and pay a fine to the American securities regulatory body.

TerraForm Labs is a South Korea-based crypto firm. This firm is responsible for creating the Terra (LUNA) and TerraUSD cryptocurrencies and stablecoins. Unfortunately, both digital assets collapsed under high volatility in the market. In 2023, the United States Securities and Exchange Commission (SEC) imposed multiple charges against TerraForm Labs and its co-founders.

In the latest developments, U.S. Bankruptcy Judge Brendan Shannon approved TerraForm Labs’ bankruptcy plan, describing it as a “welcome alternative” to prolonged litigation. The approval follows a settlement with the SEC, where TerraForm Labs agreed to pay nearly $4.5 billion in disgorgement and civil penalties.

Terraform Labs Approved For Bankruptcy Wind-down After $4.47 Billion US SEC Settlement $LUNA $LUNC #TerraClassic #terralunaclassic pic.twitter.com/DAZGqaBQpC

— Chad All-In Top Daily Crypto News (@Chad_allin) September 19, 2024

Experts noted that the SEC is expected to collect only a small fraction of this amount, as the payment will be made after the company complete the digital asset loss claims by investors and stakeholders.

According to rough estimates, TerraForm leadership will be able to pay between $184.5 million and $442.2 million to crypto investors and other stakeholders as part of its bankruptcy liquidation.

Do Kwon & Delay

The core co-founder of TerraForm Labs was Do Kwon. After the collapse of the Terra crypto empire, he fled his country for Montenegro. In Montenegro, he was caught by local police with forged documents. Later this year, Montenegro authorities released him for extradition to his native country.

Nearly a year of delay occurred due to conflicts between U.S. and South Korean officials, as both countries were seeking his extradition.

Now it seems everything is clear, but a very big question remains: Will all the people who suffered big losses be compensated, and what about the dozens of people who tragically committed suicide because of their losses in the LUNA coin?

Read also: BingX Crypto Exchange Loses Nearly $43M, All Services Suspended

BingX crypto exchange faced a security breach, losing nearly $43 million worth of crypto assets. However, the BingX team confirmed that they will compensate the affected customers using the company’s profits.

BingX Crypto Exchange is a popular trading platform offering services such as spot trading, derivatives, copy trading, and more. Launched in 2018, BingX is known for its user-friendly interface, competitive fees, and social trading features, allowing users to follow and copy trades from experienced traders. The platform supports a wide range of cryptocurrencies and operates in multiple countries with a focus on security and transparency.

Today, the exchange experienced a security breach, allowing attackers to steal an unconfirmed amount of cryptocurrencies. The BingX team promptly detected the incident and immediately suspended all crypto withdrawal services.

At the time of the incident, the BingX team denied significant fund losses.

🚨 Security Update 🚨At 4 AM (SGT) on Sept 20, our team detected abnormal access to the BingX hot wallet, suspecting a hacker attack. We immediately initiated an emergency response, including asset transfers and pausing withdrawals.🔒 Only minor losses so far, and we’ve got… https://t.co/7CFsqF5W20

— BingX (@BingXOfficial) September 20, 2024

They also warned users to avoid interacting with any third-party websites or actors claiming to represent BingX.

@BingXOfficial reminds you to:⚠️ Beware of fake accounts impersonating our official handle and sharing scam links. We will never ask you to click on random links or share your private information. Stay safe, and always verify the account you’re interacting with! ✅ Our…

— BingX (@BingXOfficial) September 20, 2024

A recent report by a blockchain transaction tracking platform revealed that the exchange lost nearly $43 million, including Ethereum (ETH), Binance Coin (BNB), and Polygon (POL) tokens.

#PeckShieldAlert Another $16.5M worth of cryptos has been drained from #BingX by 0x940362B46faf7DF48Af1c8989d809F50466B5fCA about 7 hours ago. The stolen funds are currently parked at 0x1Dd7dAf089C16856155FeFd7e2170966bb6b3AEE, totaling 5.3K $ETH, 4.1K $BNB & 1.65M $MATIC. We…

— PeckShieldAlert (@PeckShieldAlert) September 20, 2024

The attacker quickly converted the stolen funds into ETH, POL, and BNB. Experts warn that if the hacker transfers the stolen crypto to exchange platforms, it could trigger a sell-off, potentially affecting the prices of these cryptocurrencies.

Despite the breach, BingX appears to have strong financial backing. In a recent conversation with FXStreet, Vivien Lin, Chief Product Officer at BingX, assured that all users impacted by the hack will be fully compensated by the platform’s funds.

The official also emphasised that the total loss is minimal and manageable, ensuring it will not significantly affect the company’s business operations.

Read also: Donald Trump Makes History as First U.S. President to Buy Burgers with Bitcoin Ahead of NYC Campaign Rally

Amsterdam, Netherlands, September 20th, 2024, Chainwire

Nosana, the decentralized AI inference engine powered by a global network of consumer GPUs, reveals the official launch date for its Nosana Mainnet: January 14, 2025.

Nosana, a leader in decentralized AI computing, is proud to announce the upcoming launch of its Nosana Mainnet, set for January 14, 2025. This marks a significant milestone for Nosana, following a year of rigorous testing and preparation for full-scale deployment.

“When we first envisioned Nosana, we imagined a world where AI computing would be decentralized, accessible, and limitless—a place where developers could access GPU resources without the traditional barriers of centralized infrastructure,” said Jesse Eisses, co-founder of Nosana. “We recognized early on that existing AI compute solutions were too centralized or too complex, limiting innovation. Our mission from the start was to create a decentralized network that offers scalable, affordable, and open AI computing resources for the next generation of builders and innovators.”

Over the past nine months, the Nosana team has worked alongside its community to test, refine, and prepare the platform for its mainnet release. The network has engaged with over 4000 nodes from 60 countries across 6 continents, tapping into a global GPU provider network and gaining valuable insights from various AI projects to refine its technology.

What Nosana’s Mainnet Brings

Nosana’s Mainnet will transform access to decentralized GPU resources, unlocking crucial power and efficiency for AI inference workloads. With the launch, Nosana’s users and GPU providers will enjoy new features and significant improvements:

Nosana Console: A sleek and refined UI for seamless management of AI inference jobs.

Client SDK: A robust software development kit enabling developers to easily connect their projects to the Nosana GPU network.

Dynamic Pricing: Real-time, market-driven pricing to optimize resource allocation and ensure fair pricing.

Advanced Job-to-Node Matching: Efficient job distribution to maximize performance across the network.

Unrestricted GPU Grid Access: Clients will have full access to Nosana’s decentralized GPU network, enabling scalable AI operations.

“We are excited to take Nosana to the next level with its mainnet launch, offering full access to decentralized GPU computing” added Eisses.

Test Grid Phase 3: The Final Step Toward Mainnet

On September 30, 2024, Nosana will begin Test Grid Phase 3, its final stage of testing, focusing on refining pricing models, implementing staking, and ensuring the platform is fully prepared for the January launch. This phase will be the last opportunity to test critical components before the mainnet goes live.

Nosana’s Vision for 2025

The mainnet launch is just the beginning for Nosana. As the platform goes live, the company plans to expand its ecosystem and attract a broader range of projects. In Q2 2025, Nosana will host its first global hackathon, inviting developers and startups to explore new applications for AI inference on its decentralized GPU grid.

“As open-source developers, Jesse Eisses and I wanted to create a solution that moves away from the high costs, inflexibility, and control of centralized cloud providers,” said Sjoerd Dijkstra, co-founder of Nosana. “We couldn’t have reached this milestone without the support of our community, investors, and partners who believed in our vision for making AI computing more accessible for everyone.”

Nosana’s AI inference marketplace will continue to evolve, with ongoing improvements and new features to keep it at the forefront of decentralized AI technology.

Timeline Overview:

September 30, 2024: Start of Test Grid Phase 3

January 14, 2025: Nosana Mainnet Launch

Q2 2025: Global Hackathon for AI applications on Nosana’s network

About Nosana

Nosana is a decentralized AI inference engine powered by a global network of consumer GPUs. Built on the Solana blockchain, Nosana provides scalable and efficient access to GPU resources for AI workloads. With its cutting-edge infrastructure, dynamic pricing model, and advanced job-to-node matching, Nosana leads the way in decentralized AI computing.

https://nosana.com

Contact

CMOCaroline JohnovaNosanacaroline@nosana.io

The court judge dismissed Consensys’s claims against the American securities regulatory body. Latest development in the dispute between this crypto firm & crypto hater financial regulator once again ignited panic among the investors.

Consensys is a popular Blockchain developer firm, founded by one of the Ethereum co-founder. This firm is mainly known for its MetaMask crypto wallet, a top-level decentralized crypto wallet. In early of this year, the United States Securities & Exchange Commission (SEC) filed a lawsuit against this firm over the violation of Securities Act, but later the firm, in April, filed a countersuit against the SEC body for overstepping the regulatory boundary.

In the latest development, on 20 Sep 2024, the court judge Judge Reed O’Connor in the U.S. District Court for the Northern District of Texas in the Fort Worth Division dismissed Consensys’ claims and supported the SEC agency.

**Judge Dismisses Consensys Lawsuit Against SEC and Gensler**In a recent ruling, a judge has dismissed the lawsuit filed by Consensys against the U.S. Securities and Exchange Commission (SEC) and its chairman Gary Gensler. The court's decision comes as a significant development…

— CryptoTopNews (@cryptoTnews) September 19, 2024

With this latest court judge’s decision, the crypto industry is shocked because the crypto firm’s representative raised genuine questions against the SEC’s enforcement actions.

Through the suit, Consensys asked how the SEC body categorized Ethereum (ETH) as a security token. It also said the agency has “trained its sights” on the firm’s MetaMask software. The firm noted in the complaint that SEC staff sent Consensys a Wells notice in April, meaning a formal notice that the agency plans to bring an enforcement action against them.

SEC vs Ethereum

It is worth noting that initially, the SEC body was planning to announce Ethereum as an unregistered security token but somehow changed the decision & decided not to conduct an investigation against Ethereum & Ethereum foundation. 

But here, all these things are creating only one question: how can a top financial regulatory body suddenly decide to take action, then suddenly drop the plan, and fail to explain the criteria they used to label any crypto token as security or non-security.

Read also: Top Crypto Detective Declines Involvement in Investigating WazirX Hacking Incident

Charles Hoskinson will soon meet Argentine president Javier Milei to discuss the use of Bitcoin & Blockchain technology to revive the country’s economy & political system.

Charles Hoskinson is the founder of Cardano & co-founder of Ethereum Blockchain. He is popular in the crypto space for his contribution to Cardano, which is unique over all other Blockchain networks. Hoskinson never used VC funding & has always remained transparent to Cardano Blockchain supporters.

In a recent interview with Cointelegraph, Cardano founder Charles Hoskinson disclosed that he will meet with Javier Milei, the president of Argentina, on 16 Oct 2024. 

The discussion will focus on the potential use cases of Blockchain technology to revive the country’s economy and political situation.

I spy with my little eye, a president and a founder who’ll speak up high.🇦🇷🇦🇷🇦🇷🇦🇷🇦🇷🇦🇷🇦🇷🇦🇷🇦🇷🇦🇷🇦🇷🇦🇷 pic.twitter.com/U9dWHbnil1

— Mauro Andreoli || Cardano Ambassador (@MauroAndreoliA) September 17, 2024

In the interview, Hoskinson said that he would also discuss the values and needs of Argentina in the context of technology, whether the country is interested in creating a central bank digital currency (CBDC), and what kind of partners it has to revive its struggling economy.

Furthermore, Hoskinson clarified that he will not only talk about Cardano Blockchain technology adoption; instead, the discussion will remain centered around the broader crypto ecosystem.

Notably, Argentine president Javier showed significant interest in Cardano Blockchain, in the past. Four months ago, the president retweeted a Cardano post on X platform.

President of Argentina is RTing Cardano. #Cardano @AltcoinDailyio https://t.co/FY9jSqnIav pic.twitter.com/oIelCYoHfE

— St₳ke with Pride 🌈 SPO & DRep (@StakeWithPride) May 30, 2024

Argentina’s presence in Bitcoin

Notably, Cardano has a significant presence in Argentina. AtixLabs, one of Cardano’s earliest development companies, came from Argentina. 

A decade ago, Argentina was a top name among the crypto & Blockchain technology-inclined countries. 

One of the very first major crypto companies, BitPay, originated from Argentina.

ADA price action

The current trade price of Cardano’s native token is $0.35 & this price is 1.13% higher over the last 24 hours.

Read also: Donald Trump Makes History as First U.S. President to Buy Burgers with Bitcoin Ahead of NYC Campaign Rally

LAS VEGAS, United States, September 19th, 2024, Chainwire

Blockchain storage layer Xandeum has announced that it will reveal its blueprint for scaling Solana storage at Breakpoint 2024 on September 20, 2024. At the flagship Solana conference in Singapore, Xandeum will also share details of its new storage-enabled liquid staking program and officially announce the launch of the XAND token.

Designed to overcome the limitations of Solana’s current storage model, Xandeum’s technology will allow dapps to scale by accessing virtually unlimited storage. Solana can be looked at as a “world computer”, and Solana accounts are its “RAM”. At Breakpoint 2024, Xandeum will share its vision for adding the “hard drive” via their scalable storage layer, the missing piece to a full-fledged world computer. This innovation enables a Cambrian Explosion of storage-enabled dapps.

The smart contract native storage layer introduces “Xandeum buckets,” an exabytes+ scalable file system integrated directly into Solana RPC nodes. Storage will be offloaded to a decentralized network of hundreds of thousands of storage provider nodes (pNodes), supervised by Xandeum-enabled Solana validators. pNodes, validators, and liquid stakers will earn additional rewards in SOL, thanks to highly dynamic fee markets designed to optimize storage efficiency and profitability.

“A low-cost, decentralized storage solution will drastically expand the application landscape.” says Tommy Johnson, early Solana builder, co-founder, and lead engineer at Armada. “It can unlock a new revenue stream for SOL validators and stakers. The Xandeum solution will have an enormous impact on the growth of the Solana ecosystem.”

More details of Xandeum’s Solana scaling solution will be shared at Breakpoint 2024. In addition, Xandeum will use the event to announce its storage-enabled liquid staking platform. Scheduled to go live on October 29, the platform will capture future Xandeum storage fees for xandSOL stakers. Early adopters who stake with Xandeum will be eligible for boosted rewards of up to 10x with more details at https://xandeum.network

As an event sponsor, the Xandeum team will have its own booth at Solana Breakpoint 2024 in Singapore, with community members able to learn more about key initiatives including the liquid staking pool, XAND token, and forthcoming airdrops. The first airdrop snapshot will take place on October 8, with the XAND token launch scheduled for October 29.

Xandeum’s development of new storage primitives to enhance Solana’s programming model will solve the issues with the current storage system, known as “accounts,” which has proven insufficient to hold even a few gigabytes per dapp. These limitations threaten to stifle the growth of web3 applications on Solana.

Xandeum lead developer Xandeum Labs has raised $2.8M to build out its scaling solution and has seen significant interest from Solana’s builder community, with over 4B transactions completed on its community-run devnet. Xandeum will support a new wave of scalable web3 dapps while maintaining Solana’s security and decentralization. 

About Xandeum Labs

Xandeum Labs is a web3 startup dedicated to building the scalable storage layer for Solana. As a major contributor to the world’s first storage-enabled liquid staking platform, operated by the XAND DAO, Xandeum has already raised $2.8 million from its community and is on track to launch its pNode network in early 2025.

Users can learn more: https://xandeum.com

Contact

Bernie BlumeXandeum Labshello@xandeum.com

Donald Trump captured the attention of Bitcoin influencers ahead of the upcoming U.S. presidential election.

Trump, the former 45th President of the United States, is currently running for re-election. Political analysts suggest that Trump could win the upcoming election, though Kamala Harris, the current Vice President, also remains a strong contender.

An image circulating on X (Twitter) today shows Trump paying for burgers using Bitcoin. He reportedly paid $998.70 in Bitcoin through the Strike app.

BREAKING: 🇺🇸 Donald Trump pays for food at a bar using #Bitcoin pic.twitter.com/DGzuiplPPz

— Bitcoin Magazine (@BitcoinMagazine) September 18, 2024

Trump’s Stance on Bitcoin

Historically, Trump has been a vocal critic of Bitcoin and cryptocurrencies. He has made several negative comments about Bitcoin in the past. However, this year marks a significant shift in his views on crypto.

Over the last three years, Trump and his family used the Solana blockchain to mint NFTs, though they never openly supported Bitcoin or other cryptocurrencies. This year, Trump has urged people to vote for him if they want to see crypto adoption under favourable regulations in the U.S.

https://t.co/0Sd094kbfIFormer US President Says “If You’re In Favour Of #Crypto You’re Gonna Vote For #Trump”

— Bitcoinik (@Bitcoinikdotcom) May 12, 2024

Betting Market and Election Odds

According to the betting platform Polymarket, Trump’s odds of winning the upcoming election are 5% lower than Kamala Harris’s, a concerning indicator for his campaign.

Why #Trump lagging behind pic.twitter.com/8LIYcmS2Wo

— Bitcoinik (@Bitcoinikdotcom) September 19, 2024

Elon Musk vs Kamala Harris

In recent months, Elon Musk, the world’s wealthiest individual, has consistently tweeted in support of Trump and against Kamala Harris.

Yesterday, Trump tweeted that top investor Warren Buffett and other major market players are ready to pull their funds if Harris wins.

https://t.co/3eOzYGgKuv#ElonMusk Warns of Major Market Crash If #Kamala Harris Wins 2024 U.S. Presidential Election

— Bitcoinik (@Bitcoinikdotcom) September 18, 2024

Read also: Top Crypto Detective Declines Involvement in Investigating WazirX Hacking Incident

Tecumseh, Canada / Ontario, September 19th, 2024, Chainwire

Agile Coretime Paves the Way for Polkadot 2.0 Improving the Network’s Scalability, Cost, Speed, and Flexibility

The Polkadot community celebrates the release of its latest major product, “Agile Coretime”, as part of the ongoing Polkadot 2.0 upgrade. This new feature represents a significant advancement in how computational resources are allocated and managed within the Polkadot ecosystem, delivering unprecedented efficiency, scalability, and accessibility for projects of all sizes.

Agile Coretime is not just a technical upgrade; it is the most important product launch this year for Polkadot as it evolves, through seamless on-chain governance, into a network ready to onboard the Web3 masses. It also serves as a primary catalyst for the rebirth of the entire ecosystem. By making it easier for projects to build and scale on Polkadot, this feature is designed to attract a new wave of innovative applications and use cases.

As the second crucial component on the path to Polkadot 2.0, which previously saw Asynchronous Backing go live and will later allow for Elastic Scaling, Agile Coretime redefines how blockchain resources are allocated by offering a dynamic, on-demand blockspace model. This new approach replaces the previous auction system, in which single cores were leased for two years at a time. The new approach makes it easier and more cost-effective for projects to access the resources they need, when they need them.

Eskimor, lead developer at Parity Technologies, Polkadot’s leading technical contributor, said: “Agile Coretime is a huge milestone in making the high quality blockspace Polkadot offers more accessible. With this and other features we have in the pipeline, I expect more experimentation and awesome projects to be launched on Polkadot, showcasing its amazing capabilities. Let’s wake our sleeping giant!”

One of the key advantages of Agile Coretime is its ability to align resource availability with actual network demand. By dynamically allocating computational resources, Polkadot ensures that no resources are wasted during low activity periods, while also preventing congestion during peak times. This adaptability is crucial for projects with varying needs, enabling them to scale and operate more efficiently without the burden of high upfront costs.

“Devs have historically faced a binary choice: deploy a smart contract and compete with other protocols for limited blockspace, or deploy a blockchain and pay for a large amount of dedicated blockspace,” says Derek Yoo, CEO of Moonsong Labs, “Agile Coretime addresses this challenge by offering a flexible approach. For projects starting out, you can harness the power and customizability of a blockchain while paying only for the blockspace you need. For mature projects with product-market fit, Agile Coretime allows scaling to meet high levels of demand without the need for sharding.”

For new developers and smaller projects, Agile Coretime lowers the barrier of entry by providing access to Polkadot’s robust infrastructure without the need for significant DOT collateral. This democratizes access, fostering greater innovation and participation within the ecosystem.

Projects can purchase coretime either on-demand or in bulk, providing flexibility or predictability depending on their specific needs. On-demand purchases are ideal for projects with fluctuating demands, while bulk purchases offer stable and reliable resource allocation for teams requiring a steady flow of blockspace.

For media inquiries, please contact Jonathan Duran at Jonathan(at)Distractive(dot)xyz

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, you’re not just a participant, you’re a co-creator with the power to shape its future.

Contact

Marketing Communications DirectorJen WheatleyDistractivejen@distractive.xyz

ZachXBT stated that he is not tracking the illicit financial activities related to the WazirX crypto exchange hack. Many WazirX customers have criticised the leadership of WazirX for damaging the reputation of the Indian crypto community.

ZachXBT, a well-known crypto detective, is recognized for tracking bad actors in the crypto sector and frequently exposes hackers behind various hacking incidents & ponzi crypto schemes.

On 18 Sep 2024, a WazirX exchange customer asked ZachXBT to investigate the WazirX hacking incident and provide clues to identify the culprit.

@zachxbt ser can you spread some light on WazirX hack. They are blaming Luminal & Luminal blaming WazirX. It’s hurting 4.2M users.How do we know whose mistake was this? Whose platform was compromised?

— 0̷xShivaraj (@0xShivaraj) September 18, 2024

ZachXBT clarified that he has not been tracking the WazirX hacker. He explained that large hacks like this require too many resources for a single investigator. He also expressed concern over the trustworthiness of the WazirX team.

He further elaborated that Indian government agencies lack expertise in cryptocurrencies and might misuse the investigation results, shifting blame onto crypto investors for choosing digital assets.

Sorry I am not tracking WazirX as a large hack like that one takes way too many resources to track as a single person. Also the team does not appear trustworthy and I do not want the success of my investigation depend on competency of India LE.

— ZachXBT (@zachxbt) September 18, 2024

Many Indian crypto influencers are holding WazirX responsible for tarnishing the reputation of the Indian crypto community.

This is the image of Wazirx Exchange in a international level. pic.twitter.com/2dSrLiMtKQ

— Pushpendra Singh (@pushpendrakum) September 18, 2024

WazirX Crypto Hacking Incident

Two months ago, a cold wallet belonging to WazirX was compromised by an unknown hacker who successfully drained $235 million worth of cryptocurrencies. So far, no information about the hacker has surfaced publicly. 

The WazirX team has also failed to garner support from major crypto tracking firms. Binance recently confirmed that WazirX has not responded regarding this matter.

https://t.co/PMoAA6aFVF#Binance Breaks Silence on #WazirX Hack, Accuses WazirX Team of Lack of Cooperation Post Hack Incident

— Bitcoinik (@Bitcoinikdotcom) September 17, 2024

Some believe that an insider may be involved in the hack, as 5 out of 6 signatures were under the control of WazirX leadership.

Because WazirX controlled 5 of the 6 Approved Signature wallets on a Multi-Sig requiring 4 Signatures.It’s either an inside job, or the compromise was on their end.

— TruthLabs 🫡 (@BoringSleuth) September 18, 2024

Read also: Bitcoin Surges 5% Despite $52M Outflow from Spot ETF, Fueled by Fed Rate Cut Decision

Recent financial policies by federal bodies have injected a high level of bullish sentiment into both crypto and non-crypto markets.

On September 19, 2024, the U.S. Federal Reserve (Fed) announced its decision to cut interest rates. Fed officials revealed a reduction of the federal funds rate by 0.50 percentage points (bps), the first such cut in four years.

Today's Market Prognosis: Fed cuts by 50 bps #Macro news: ▶️#Fed cut its FFR by 50 bps (it last cut rates by 50 bps in Sept 2007, 15 months later the S&P 500 halved in value)▶️10 yr bond #yields and risk assets are both rising▶️#BoE MPC meeting today – expectation for a pause… pic.twitter.com/OjtVdCrIYZ

— Progressive Equity (@prog_res) September 19, 2024

This decision acted as a catalyst to pump the trade price of both Bitcoin (BTC) and the broader cryptocurrency market. Crypto enthusiasts believe the current rally in cryptocurrency prices could see a 150% surge.

BULLISH #FOMC pic.twitter.com/Q7CMEQ5rLu

— borovik (@3orovik) September 18, 2024

An Indian crypto influencer shared insights on the future impact of this decision, noting that Gold has already hit an all-time high, and it’s now Bitcoin’s turn.

50 BPS rate cut explained in simple terms:In the long term:A rate cut means more money flows into the market, so a 50 BPS means a massive amount of dollars flowing into stocks and crypto.But…In the short term:50 BPS signals that everything is not going well in the…

— Kashif Raza (@simplykashif) September 18, 2024

Net Outflow From BTC ETF Market 

On September 18, Bitcoin spot ETFs experienced a net outflow of $52.827 million, the first outflow after four consecutive days of inflows. Grayscale’s GBTC also saw an outflow of $8.13 million.

Bitcoin spot ETF had a total net outflow of $52.827 million on September 18, the first net outflow after the net inflow in the past 4 days. Grayscale ETF GBTC had an outflow of $8.1347 million. https://t.co/59u0BnEqLG

— Wu Blockchain (@WuBlockchain) September 19, 2024

This net outflow may cause some concern among BTC spot ETF buyers, as the trade price saw a sudden pump. Current market sentiment is likely to fuel another wave of FOMO among ETF holders, and today may see a net capital inflow.

Bitcoin Price Action

The current trade price of Bitcoin is $62,300, which is 4% higher than in the last 24 hours.

In the same time period, the trade price of Ethereum surged by 5.2%, from $2,288 to $2,441. 

Read also: Hackers Compromise Multiple X (Formerly Twitter) Accounts to Promote Ponzi Solana Crypto Token

ZachXBT warned people to stay away from the $HACKED token, as bad actors are behind this crypto project.

ZachXBT, a popular crypto detective known for raising awareness about crypto scams, unethical practices, and hacking alerts, regularly shares information about hacking incidents within the crypto market. 

On 19 Sep 2024, ZachXBT reported that an unknown hacker hacked multiple influential crypto X accounts, using more than two dozen accounts to promote a Solana blockchain-based token called $HACKED. ZachXBT urged people to avoid this token at all costs.

Community Alert: A number of large accounts on X currently have their account compromised and are posting a meme coin scam. pic.twitter.com/8Bvaq59re5

— ZachXBT (@zachxbt) September 18, 2024

This crypto detective revealed that the hacker earned nearly $9,000 through this hacking incident. According to ZachXBT, the hacker had invested a five-figure amount into this scam but ultimately failed to turn a profit.

The hack likely occurred because all the compromised X accounts were connected to the same site or app and had granted permission for it to post on their behalf.

These days, a huge number of crypto projects are coming to the limelight through Telegram mini-game-based concepts. Therefore, people also need to be cautious of any crypto token announcements by any crypto exchange, as they may be fake.

ZachXBT vs Circle (USDC)

Just four days ago, ZachXBT criticised Circle, the issuer of the second-largest stablecoin USDC, He claimed that Circle had failed to blacklist an address linked to a North Korean hacker.

https://t.co/Js8gjodBQI#Crypto Sleuth #ZachXBT Slams #Circle (USDC) for Failing to Stop Bad Actors, Sparking Controversy

— Bitcoinik (@Bitcoinikdotcom) September 15, 2024

ZachXBT plays a crucial role in spreading awareness among crypto investors by highlighting malicious activities on X. In the past, he has helped many recover their funds from hacks and uncovered scam meme tokens linked to past scammers.

Individuals like ZachXBT deserve greater appreciation and financial support from Bitcoin and crypto advocacy groups to enable more people to fight against illicit activities in the crypto space.

Read also: Binance Discloses Its Telegram Mini Game Was Leaked Before Scheduled Release Date

The Binance team discussed its new Telegram mini-game and hinted that more features are on the way for game lovers.

Binance, a top-tier crypto exchange known for its secure and efficient trading services, recently launched a Telegram mini-game called Binance Moonbix. The game allows Telegram users to play and collect free in-game tokens. However, the Binance team did not officially announce the game’s release. 

Today, Binance confirmed that the game was leaked before its scheduled release. Despite this, the team expressed satisfaction with the positive response from users. 

Although the Binance team provided limited details about the game, they hinted at new updates and features coming soon to the mini-game app.

We’re aware that our upcoming TG mini app game, Moonbix, was leaked ahead of the planned launch date. While we're thrilled by the community's response, we’re still fine-tuning the product to ensure the best user experience on the official launch.We apologize for any…

— Binance Customer Support (@BinanceHelpDesk) September 17, 2024

Currently, 3.8 million Telegram users are using the mini-game app, and the Binance team expects the number to grow significantly once the official release occurs.

It will be interesting to see if Binance introduces a new token for the game or if it incorporates Binance Coin (BNB), the exchange’s native token.

Telegram Mini Games and Crypto Projects

In recent months, several crypto projects have launched through Telegram mini-games, many of which have gained massive popularity. This could be a key reason why Binance decided to launch its own Telegram-based mini-game. Some speculate that non-Binance users may redeem their in-game tokens on Binance, which could drive new customer sign-ups for the exchange.

Binance Coin price action 

The current trade price of Binance coin (BNB) is $540 & this price is 71% high year to date (YTD). 

Despite the market downturn sentiments, BNB coin was stable enough & maintained its position in the top 5 cryptocurrencies. 

Read also: Bull Sentiments Surge Rapidly for $TON Coin as Bitget and Foresight Ventures Announce $30M Investment in TON

In a significant move to support the growth of the TON (The Open Network) ecosystem, popular crypto exchange Bitget and prominent venture capital firm Foresight Ventures have announced a strategic investment of $30 million in the TON token. The investment, which will be realised through the purchase of discounted TON tokens, marks a major commitment by both entities to the long-term development of the TON blockchain and related crypto projects.

⚡️ @Bitgetglobal and @ForesightVen have invested $30M in @TON_BlockchainCrypto exchange Bitget and Foresight Ventures announced a $30M investment into The Open Network blockchain. The funding will be allocated through the acquisition of $TON tokens and will be focused on… pic.twitter.com/bVp2HA1qTz

— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) September 18, 2024

One of the key objectives of the investment is to promote and accelerate the entry of high-potential decentralised applications (dApps) into the TON ecosystem.

Both Bitget and Foresight Ventures have expressed full confidence in the TON blockchain network’s ability to attract developers and projects that could drive innovation in the blockchain space. With this infusion of capital, the partners expect a rapid influx of new dApps and services, further cementing TON’s position as a competitive blockchain platform.

New Crypto Projects in the Telegram Ecosystem

Over the last couple of months, many crypto projects have launched within the Telegram ecosystem. The majority of these new crypto projects are using Telegram as a digital space to directly register users’ identities and enable gaming activities for their crypto projects. For their tokens, they are using the TON network. 

The combination of Telegram and the TON blockchain network, via Telegram bots, has made it easier for crypto projects to attract users’ attention.

Ton Coin Price Action

Currently, the Ton coin is trading at $5.53, which is a 0.6% increase over the last 24 hours. However, the price action graph of this token shows that this news has not significantly impacted the token’s trading price.

$Ton coin pic.twitter.com/Gjb7cvNtUM

— Bitcoinik (@Bitcoinikdotcom) September 18, 2024

Read also: Elon Musk Warns of Major Market Crash If Kamala Harris Wins 2024 U.S. Presidential Election

Elon Musk hinted that big billionaires are ready to pull out their funds from all money markets if U.S. Vice President Kamala Harris wins the upcoming election.

Currently, Kamala Harris and Donald Trump are the top contenders in the race to win the U.S. presidential election. While Trump has significant support, Harris is also giving tough competition in terms of public backing.

https://t.co/O1ljV6Wq1K#ProCrypto Wave Boosts #Trump, But Data Shows #Kamala Harris Leading in Election Race

— Bitcoinik (@Bitcoinikdotcom) September 16, 2024

Reportedly, billionaire John Paulson, whose hedge fund manages an estimated $9 billion across various sectors, said he would withdraw his investments from the market and move into cash and gold if Harris wins the election. He expressed concern over the current government’s 25% tax on unrealized gains for wealthy individuals. Paulson believes these financial policies could trigger mass selling, leading to a market crash and a rapid recession if implemented.

🚨🇺🇸 HEDGE FUND BILLIONAIRE JOHN PAULSON PLANS TO PULL MONEY IF KAMALA WINS ELECTIONBillionaire hedge fund manager John Paulson announced that he would withdraw his investments from the market and move into cash and gold if Kamala wins the presidential election. Paulson,… pic.twitter.com/DRagf1YAUK

— Mario Nawfal (@MarioNawfal) September 18, 2024

Elon Musk responded to this report, noting that legendary investor Warren Buffett is also preparing for this outcome.

Buffett is already preparing for this outcome https://t.co/fYT6s9uiHo

— Elon Musk (@elonmusk) September 18, 2024

Election Outcome vs Impact on Crypto

Many crypto enthusiasts had previously predicted a Bitcoin pump due to the election, as both leading candidates, Trump and Harris, support cryptocurrencies and have promised to provide better regulatory conditions for the sector. However, the latest responses from big billionaires could trigger panic among cryptocurrency investors, as major players are heavily invested in the space through venture capital funds.

Trump & Crypto 

In order to show significant support for cryptocurrencies and attract votes from U.S.-based crypto traders, Trump recently disclosed his decentralised finance (DeFi) project. He shared some details about a native token but confirmed that he will not offer people the opportunity to buy it through pre-sale methods.

https://t.co/4IJTjhh2EjDonald #Trump Unveils #DeFi Project ‘World Liberty Financial’ and Upcoming $WLFI Token at Major Event

— Bitcoinik (@Bitcoinikdotcom) September 17, 2024

Read also: Worldcoin’s World IDs Debuts on Solana Blockchain Network

Singapore, Singapore, September 18th, 2024, Chainwire

Parachains and developers can register now to test NFT XCM functionality and get an exclusive first look at this innovation in action.

Unique Network has announced it will be launching the first developer environment for NFT XCM transfers (Cross-Chain NFTs), starting with two major networks for developers and parachains in the Polkadot ecosystem. Using NFT XCM’s technology at the start of the developer environment, blockchain developers can move NFTs between Asset Hub, and Unique Network. Interested parachains can be added to the developer environment to develop NFT XCM functionality.

What is NFT XCM?

NFT XCM is a groundbreaking initiative developed by Unique Network, designed to simplify the transfer of NFTs (Non-Fungible Tokens) across parachains. By enabling seamless movement between different chains, NFT XCM is not just expanding accessibility but also unlocking new possibilities for creators, developers, and users alike.

NFT XCM extends the limits of Web3 games and NFT collections, supporting greater use cases and making non-fungible tokens available to a larger group of on-chain users. Unique Network invites parachains, and developers to register their interest in the upcoming testing phase of NFT XCM transfers, to demonstrate its efficacy and explore applications for the technology.

NFT XCM utilizes Polkadot’s Cross-Chain Messaging, the messaging format and language used to communicate between consensus systems. 

Developers and parachains interested in testing NFT XCM transfers are encouraged to register their interest via this form. Polkadot parachains will be added to the developer environment to develop and test NFT XCM functionality. EVM teams interested in pioneering EVM implementations of the technology in a development/test environment are also invited to register their interest.

Following the development work of NFT XCM, the Unique Network team unveiled the Cross-Chain NFTs Think Tank earlier this year at Polkadot’s Sub0 conference. This initiative is designed to foster collaboration, drive innovation, and explore new use cases for Cross-Chain NFTs within the Polkadot ecosystem. Leading projects, such as Acala Network and Zeitgeist, are already exploring ways to integrate Cross-Chain NFTs into their own projects.

Alexander Mitrovich, CEO of Unique Network shared:

This milestone represents not just technical progress but the unification of an ecosystem. NFTs are no longer confined to one parachain; we’re building a future where they can flow freely across multiple chains.”

The importance of cross-chain interoperability for assets such as NFTs was first highlighted in the Polkadot Whitepaper by Polkadot creator, Gavin Wood. The launch of XCM v3 in May of 2022 introduced this capability but was only viable for Fungible Tokens (FTs). NFT XCM is a breakthrough that will enable users to seamlessly transfer digital assets between Polkadot parachains, making NFTs more accessible and versatile than ever.

Following this, Chief Marketing Officer at Unique Network, Charu Sethi discussed the company’s efforts to foster collaboration and streamline the NFT ecosystem across Polkadot’s various blockchain networks.

As we advance NFT XCM technical capabilities, it’s critical to address the complexity and fragmentation within the ecosystem. We are now working on organizational bridges and aligning leadership across all NFT blockchains in Polkadot.

About Unique Network

Unique Network is the first NFT chain built on Polkadot and Kusama, offering the most sustainable and green NFTs with advanced features for gaming, art, and fan engagement. 

Unique Network offers unparalleled customization, scalability, and interoperability, making it the ideal platform for advanced and innovative NFT applications.

Users can learn more here: https://unique.network

Contact

Chief Marketing OfficerCharu SethiUnique Networkcs@unique.network

Singapore, Singapore, September 18th, 2024, Chainwire

New global crypto exchange offers competitive leverage and yield-earning cash sweeps, offering users up to 8% on cash and stablecoin balances.

Figure Markets, a leading decentralized custody marketplace for digital assets, today unveiled its global crypto exchange based out of the Cayman Islands, offering a wide array of new features and yield-earning opportunities. One of the standout offerings is a new yield sweep for eligible global users on cash and stablecoin balances with rates up to 8% annualized. U.S. users may also benefit from earning up to 3% annualized on USD balances held at an FDIC-insured bank.

Following its U.S. launch in August, the launch of the Cayman-licensed global crypto exchange is part of Figure Markets’ ongoing mission to democratize finance by providing robust trading options and advanced financial products to users worldwide. The global platform is designed to enhance the trading experience by offering a high cash leverage and a decentralized custody solution and cross-collateralization that keeps users in control of their assets, reducing the risks associated with traditional centralized exchanges.

“We’re committed to righting the wrongs of the past and providing users with the tools they need to trade, borrow, and invest on the platform while minimizing exchange risk,” said Mike Cagney, CEO and Co-Founder of Figure Markets. “This global expansion is a major milestone for us in addressing the issues caused by centralized exchanges and leveling the playing field for all traders. We are building a financial ecosystem where everyone has the opportunity to be an owner.”

Cash yields on non-USD and stablecoin balances are derived from an innovative fund backed by real-world assets on blockchain. The fund operates with daily liquidity and automatic sweeps to ensure user funds are always working to generate returns.

“We are excited to introduce this innovative feature that directly addresses the needs of our members,” said June Ou, President of Figure Markets. “By offering the ability to earn high returns on idle cash while mitigating trading friction, we are empowering our traders to optimize their capital and enhance their overall trading experience.”

Along with the new yield offering, the exchange is also offering qualified members up to 5:1 margin. Exchange members can cross-collateralize their positions seamlessly – using BTC balances to buy ETH, for example. This will be complemented by upcoming higher and expanded leverage offerings, including a broad set of perpetuals covering crypto, commodities, FX and equities by year-end.

About Figure Markets

Figure Markets is democratizing finance through blockchain. Figure Markets is building the exchange for everything – a decentralized custody marketplace for crypto, stocks, bonds, credit and more. The company is bringing best-in-class leverage, margining, and liquidity to our exchange, while offering our members extensive borrowing options and unique investment opportunities. Figure Markets puts its members in control of their assets and data, disintermediating legacy brokers, exchanges and lenders.

Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from TradFi, fintech, and DeFi, including Mike Cagney and June Ou.

Learn more at www.figuremarkets.com.

Contact information

Paula Machado Jackler

Director, Marketing

Figure Markets

press@figuremarkets.com 

Contact

Paula Jacklerpjackler@figuremarkets.com