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TON Blockchain
The Open Network: Intro to the TON Crypto Ecosystem
TON — which stands for “The Open Network” — is a community-driven blockchain project designed to enable fast transactions and support a wide variety of decentralized applications (dApps). The project was originally established by the company that created the popular encrypted messaging application Telegram. However, after facing scrutiny from the U.S. Securities and Exchange Commission (SEC), Telegram eventually abandoned the project in May 2020.
Despite Telegram’s relinquishment of the project, the TON blockchain initiative was soon brought back to life through the efforts of its passionate community of developers and blockchain startups that took it upon themselves to resurrect the project as a decentralized autonomous organization (DAO) with the goal of achieving the project’s original vision.
There are now multiple concurrent community-run networks that claim ownership over the TON token ticker. The most advanced project to date, FreeTon, has matured into a fully decentralized network capable of supporting a wide range of dApps and complex smart contract deployments. Additionally, the project has successfully created a bridge to the Ethereum network, which enables its native token, TON Crystal (TON), to be traded and used across the entire Ethereum-based decentralized finance (DeFi) ecosystem in the form of wrapped TON (wTON). Wrapped cryptocurrencies are tokens that are 1:1 representations of other crypto assets. They enable crypto assets to be used on blockchains to which they are not native.
How FreeTON Supports the TON Crypto Protocol
FreeTON is a community-centric project driven by a venture-backed company called TON Labs, which collaborated with Telegram on its original TON blockchain testnet. FreeTON uses a Proof-of-Stake (PoS) protocol to achieve on-chain consensus, and is designed with an eye toward handling millions of transactions per second (TPS) if necessary. This speed is supported by a scaling technique called sharding, which partitions data storage and processing responsibilities to smaller validator groups. This diffusion of responsibility results in lower transaction latency and higher throughput than often found in many blockchains that tend to operate as a single state layer.
The FreeTON network supports application development in several traditional computer languages such as C and C++, as well as the Web3 language Solidity popularized by Ethereum developers. While this project is legally and operationally separate from Telegram, FreeTon has adhered to the original project’s goal of becoming a decentralized “super server” network that can be made available to everyone from ordinary individuals to public and private organizations.
FreeTON also recently launched TON Swap, a decentralized exchange (DEX), which claims to be faster and cheaper than Ethereum-based DEXs like Uniswap and is actively developing new yield farming and non-fungible token (NFT) offerings. Many of the project’s newer initiatives are coordinated through the FreeTON DeFi Alliance, a non-profit organization established to accelerate the project’s developmental goals.
TON Crystal and Wrapped Ton (wTON)
The native token of the FreeTON crypto network — TON Crystal (TON) — is used by participants to pay transaction fees. Users can also stake their TON tokens in order to secure the network and receive block rewards. Additionally, TON also serves as a governance token for the FreeTON network, meaning TON crypto holders can suggest and vote on governance proposals that impact the project’s development trajectory.
While the TON token was initially contained within FreeTON’s native ecosystem, in April 2021 the project launched a TON-Ethereum bridge, which allows crypto assets to be traded freely across the two networks instantaneously and with near-zero fees. FreeTON users can convert their TON tokens for use on the Ethereum network by locking their TON in a dedicated smart contract, which then mints an equivalent amount of wrapped TON (wTON) on the Ethereum network. Like most wrapped tokens, the minting and burning of wTON can only take place on the network that initiated the cross-network transaction, and wTON can be used freely on the Ethereum network like other ERC-20 tokens. As a result, wTON has two primary purposes:
Liquidity: The availability of wTON on the Ethereum network grants FreeTON access to the liquidity available on the world’s most widely used DEXs and DeFi lending platforms, including Uniswap.
Promoting growth: A second and larger purpose of wTON is to broaden FreeTON’s participation within the rapidly evolving DeFi ecosystem beyond simple token swaps and liquidity provision. FreeTON is still in the early stages of attracting developers and creating its own dApp offerings, and by embracing wTON and a multi-chain future, the FreeTON community hopes to cement a stronger presence among more established blockchain projects.
FreeTON vs. NewTON
While FreeTON is currently the most popular blockchain to have sprung up from Telegram’s original endeavor, not everyone within the community has rallied behind a single banner. Most notably, another community of early TON supporters spun off to create NewTON, which has many of the same goals as FreeTON, but is not as far along in its development. However, the developers behind NewTON were able to acquire ownership of the original TON blockchain’s GitHub and ton.org domain, which has since been populated with information on the NewTON project. As a result, NewTON has gained some traction despite FreeTON’s head start, and the competition over who represents the true embodiment of the original TON blockchain continues to this day.
Despite NewTON’s ownership of the original project’s web domain and GitHub profile, FreeTON has secured rights for the “TON” and “The Open Network” brands in 41 countries, and FreeTON’s token is much more widely traded and used across the broader crypto ecosystem. Further, both FreeTON and NewTON use the “TON” token ticker for their respective native governance tokens, and from a technical standpoint the two projects closely resemble one another, since they are based on the same underlying technology.
Both NewTON and FreeTON have impressive technical credentials, and both networks are capable of supporting instant payments, low-cost transactions, and a wide range of smart contract and decentralized data storage solutions. However, both projects are also still in the early stages of attracting users and building out feature-rich ecosystems.
#BinanceSquareFamily #ecosystemgrowth #EtheruemETF #ton_blockchain #DigitalCurrencyExplained
$ETH
$BTC
$USDC
TON — which stands for “The Open Network” — is a community-driven blockchain project designed to enable fast transactions and support a wide variety of decentralized applications (dApps). The project was originally established by the company that created the popular encrypted messaging application Telegram. However, after facing scrutiny from the U.S. Securities and Exchange Commission (SEC), Telegram eventually abandoned the project in May 2020.
Despite Telegram’s relinquishment of the project, the TON blockchain initiative was soon brought back to life through the efforts of its passionate community of developers and blockchain startups that took it upon themselves to resurrect the project as a decentralized autonomous organization (DAO) with the goal of achieving the project’s original vision.
There are now multiple concurrent community-run networks that claim ownership over the TON token ticker. The most advanced project to date, FreeTon, has matured into a fully decentralized network capable of supporting a wide range of dApps and complex smart contract deployments. Additionally, the project has successfully created a bridge to the Ethereum network, which enables its native token, TON Crystal (TON), to be traded and used across the entire Ethereum-based decentralized finance (DeFi) ecosystem in the form of wrapped TON (wTON). Wrapped cryptocurrencies are tokens that are 1:1 representations of other crypto assets. They enable crypto assets to be used on blockchains to which they are not native.
How FreeTON Supports the TON Crypto Protocol
FreeTON is a community-centric project driven by a venture-backed company called TON Labs, which collaborated with Telegram on its original TON blockchain testnet. FreeTON uses a Proof-of-Stake (PoS) protocol to achieve on-chain consensus, and is designed with an eye toward handling millions of transactions per second (TPS) if necessary. This speed is supported by a scaling technique called sharding, which partitions data storage and processing responsibilities to smaller validator groups. This diffusion of responsibility results in lower transaction latency and higher throughput than often found in many blockchains that tend to operate as a single state layer.
The FreeTON network supports application development in several traditional computer languages such as C and C++, as well as the Web3 language Solidity popularized by Ethereum developers. While this project is legally and operationally separate from Telegram, FreeTon has adhered to the original project’s goal of becoming a decentralized “super server” network that can be made available to everyone from ordinary individuals to public and private organizations.
FreeTON also recently launched TON Swap, a decentralized exchange (DEX), which claims to be faster and cheaper than Ethereum-based DEXs like Uniswap and is actively developing new yield farming and non-fungible token (NFT) offerings. Many of the project’s newer initiatives are coordinated through the FreeTON DeFi Alliance, a non-profit organization established to accelerate the project’s developmental goals.
TON Crystal and Wrapped Ton (wTON)
The native token of the FreeTON crypto network — TON Crystal (TON) — is used by participants to pay transaction fees. Users can also stake their TON tokens in order to secure the network and receive block rewards. Additionally, TON also serves as a governance token for the FreeTON network, meaning TON crypto holders can suggest and vote on governance proposals that impact the project’s development trajectory.
While the TON token was initially contained within FreeTON’s native ecosystem, in April 2021 the project launched a TON-Ethereum bridge, which allows crypto assets to be traded freely across the two networks instantaneously and with near-zero fees. FreeTON users can convert their TON tokens for use on the Ethereum network by locking their TON in a dedicated smart contract, which then mints an equivalent amount of wrapped TON (wTON) on the Ethereum network. Like most wrapped tokens, the minting and burning of wTON can only take place on the network that initiated the cross-network transaction, and wTON can be used freely on the Ethereum network like other ERC-20 tokens. As a result, wTON has two primary purposes:
Liquidity: The availability of wTON on the Ethereum network grants FreeTON access to the liquidity available on the world’s most widely used DEXs and DeFi lending platforms, including Uniswap.
Promoting growth: A second and larger purpose of wTON is to broaden FreeTON’s participation within the rapidly evolving DeFi ecosystem beyond simple token swaps and liquidity provision. FreeTON is still in the early stages of attracting developers and creating its own dApp offerings, and by embracing wTON and a multi-chain future, the FreeTON community hopes to cement a stronger presence among more established blockchain projects.
FreeTON vs. NewTON
While FreeTON is currently the most popular blockchain to have sprung up from Telegram’s original endeavor, not everyone within the community has rallied behind a single banner. Most notably, another community of early TON supporters spun off to create NewTON, which has many of the same goals as FreeTON, but is not as far along in its development. However, the developers behind NewTON were able to acquire ownership of the original TON blockchain’s GitHub and ton.org domain, which has since been populated with information on the NewTON project. As a result, NewTON has gained some traction despite FreeTON’s head start, and the competition over who represents the true embodiment of the original TON blockchain continues to this day.
Despite NewTON’s ownership of the original project’s web domain and GitHub profile, FreeTON has secured rights for the “TON” and “The Open Network” brands in 41 countries, and FreeTON’s token is much more widely traded and used across the broader crypto ecosystem. Further, both FreeTON and NewTON use the “TON” token ticker for their respective native governance tokens, and from a technical standpoint the two projects closely resemble one another, since they are based on the same underlying technology.
Both NewTON and FreeTON have impressive technical credentials, and both networks are capable of supporting instant payments, low-cost transactions, and a wide range of smart contract and decentralized data storage solutions. However, both projects are also still in the early stages of attracting users and building out feature-rich ecosystems.
#BinanceSquareFamily #ecosystemgrowth #EtheruemETF #ton_blockchain #DigitalCurrencyExplained
$ETH
$BTC
$USDC
Why Brands Still Care About NFTs #NFTBNB
NFTNFT PlatformOpensea
$SOL
Despite a decline in NFT sales, brands continue to recognize the potential of NFTs.
Amidst a dip in NFT sales this year compared to the highs of summer 2021, brands like Casio and celebrities such as Caitlyn Jenner are demonstrating continued faith in the potential of digital collectibles.
Statistics show that NFT transactions are significantly lower this year. In addition, once valuable NFTs are now being sold for much less than what they were purchased for a few years ago.
$BNB
For example, CryptoPunk #5822, which holds the record for the most expensive CryptoPunk sale, sold for 8,000 Ether in 2022, valued at around $23 million at the time.
On August 19, the NFT was transferred to an anonymous crypto wallet for an undisclosed amount. However, this downward trend hasn’t deterred everyone from engaging with NFTs.
$ETH
Brands Embrace NFTs Despite Market Fluctuations #nftfuture
Despite declining interest in digital collectibles, brands continue to launch NFT collections.
The Japanese multinational electronics company Casio recently announced a collection of NFT sneakers. Casio teamed up with STEPN GO, the Web3 lifestyle app, to launch the sneakers as part of the “virtual g-shock” project.
A limited number of 800 sneakers were made available through a raffle mint event held during August 26 to 29 on the Mooar gamified marketplace. #sneakers
Yawn Rong, Co-Founder of FSL – the Web3 product platform that launched STEPN GO on the Apple app store – told Cryptonews that the “G-SHOCK x STEPN GO” NFT sneakers are unique. Rong noted this is because they are the first-ever tradable Genesis Sneakers within the STEPN GO ecosystem. #ecosystemgrowth
“This gives them intrinsic value and rarity, making them highly sought-after by both collectors and players,” Rong said. “These NFTs also integrate utility within the STEPN GO app, allowing owners to earn rewards.” #NFTRewards
NFTNFT PlatformOpensea
$SOL
Despite a decline in NFT sales, brands continue to recognize the potential of NFTs.
Amidst a dip in NFT sales this year compared to the highs of summer 2021, brands like Casio and celebrities such as Caitlyn Jenner are demonstrating continued faith in the potential of digital collectibles.
Statistics show that NFT transactions are significantly lower this year. In addition, once valuable NFTs are now being sold for much less than what they were purchased for a few years ago.
$BNB
For example, CryptoPunk #5822, which holds the record for the most expensive CryptoPunk sale, sold for 8,000 Ether in 2022, valued at around $23 million at the time.
On August 19, the NFT was transferred to an anonymous crypto wallet for an undisclosed amount. However, this downward trend hasn’t deterred everyone from engaging with NFTs.
$ETH
Brands Embrace NFTs Despite Market Fluctuations #nftfuture
Despite declining interest in digital collectibles, brands continue to launch NFT collections.
The Japanese multinational electronics company Casio recently announced a collection of NFT sneakers. Casio teamed up with STEPN GO, the Web3 lifestyle app, to launch the sneakers as part of the “virtual g-shock” project.
A limited number of 800 sneakers were made available through a raffle mint event held during August 26 to 29 on the Mooar gamified marketplace. #sneakers
Yawn Rong, Co-Founder of FSL – the Web3 product platform that launched STEPN GO on the Apple app store – told Cryptonews that the “G-SHOCK x STEPN GO” NFT sneakers are unique. Rong noted this is because they are the first-ever tradable Genesis Sneakers within the STEPN GO ecosystem. #ecosystemgrowth
“This gives them intrinsic value and rarity, making them highly sought-after by both collectors and players,” Rong said. “These NFTs also integrate utility within the STEPN GO app, allowing owners to earn rewards.” #NFTRewards
China's Stimulus Package: Boosting Economic Growth"*
The Chinese government has unveiled a comprehensive stimulus package to revitalize the economy. This package includes:
- Key measures: tax cuts, infrastructure spending, and monetary policy easing
- Impact on GDP growth and job creation
- Focus on high-tech industries and innovation
- Comparison with previous stimulus packages
"China's Belt and Road Initiative (BRI): Unleashing Economic Potential"*
The BRI aims to reconnect China with the rest of the world through infrastructure development.
- Overview of BRI's objectives and progress
- Economic benefits: increased trade, investment, and job creation
- Regional impact: Southeast Asia, Central Asia, and Europe
- Challenges and criticisms
"China's Made in China 2025 Initiative: Driving Industrial Upgrades"*
This initiative aims to upgrade China's industrial capabilities.
- Key sectors: robotics, aerospace, and renewable energy
- Government support: subsidies, research funding, and talent attraction
- Impact on economic growth and global competitiveness
- Challenges from US-China trade tensions
"China's Consumption-Driven Growth Strategy"*
The Chinese government is shifting focus from investment-driven to consumption-driven growth.
- Policies to boost consumer spending: tax cuts, subsidies, and social welfare
- Growth of e-commerce and digital payments
- Impact on retail, tourism, and service sectors
- Challenges in rebalancing the economy
"China's Opening-Up Policy: Attracting Foreign Investment"*
China is further opening its doors to foreign investors.
- Relaxation of foreign ownership restrictions
- Expansion of free trade zones
- Simplification of business registration processes
- Impact on foreign direct investment (FDI) and economic growth
Some key statistics to include:
- China's GDP growth rate: 6.4% (2020)
- Total FDI: $138 billion (2020)
- Urban unemployment rate: 5.2% (2020)
- Retail sales growth: 8% (2020)#BTCUptober #ChinaCoin #ChinaEquityMarkets #ecosystemgrowth #StockMarketSuccess
The Chinese government has unveiled a comprehensive stimulus package to revitalize the economy. This package includes:
- Key measures: tax cuts, infrastructure spending, and monetary policy easing
- Impact on GDP growth and job creation
- Focus on high-tech industries and innovation
- Comparison with previous stimulus packages
"China's Belt and Road Initiative (BRI): Unleashing Economic Potential"*
The BRI aims to reconnect China with the rest of the world through infrastructure development.
- Overview of BRI's objectives and progress
- Economic benefits: increased trade, investment, and job creation
- Regional impact: Southeast Asia, Central Asia, and Europe
- Challenges and criticisms
"China's Made in China 2025 Initiative: Driving Industrial Upgrades"*
This initiative aims to upgrade China's industrial capabilities.
- Key sectors: robotics, aerospace, and renewable energy
- Government support: subsidies, research funding, and talent attraction
- Impact on economic growth and global competitiveness
- Challenges from US-China trade tensions
"China's Consumption-Driven Growth Strategy"*
The Chinese government is shifting focus from investment-driven to consumption-driven growth.
- Policies to boost consumer spending: tax cuts, subsidies, and social welfare
- Growth of e-commerce and digital payments
- Impact on retail, tourism, and service sectors
- Challenges in rebalancing the economy
"China's Opening-Up Policy: Attracting Foreign Investment"*
China is further opening its doors to foreign investors.
- Relaxation of foreign ownership restrictions
- Expansion of free trade zones
- Simplification of business registration processes
- Impact on foreign direct investment (FDI) and economic growth
Some key statistics to include:
- China's GDP growth rate: 6.4% (2020)
- Total FDI: $138 billion (2020)
- Urban unemployment rate: 5.2% (2020)
- Retail sales growth: 8% (2020)#BTCUptober #ChinaCoin #ChinaEquityMarkets #ecosystemgrowth #StockMarketSuccess
Cardano Founder Charles Hoskinson to Meet with Argentina President for Crypto Economy Talks #ecosystemgrowth
The upcoming meeting builds on Cardano’s already strong ties with Argentina.
#CardanoSurprise
Cardano founder Charles Hoskinson is set to meet with Argentina’s President Javier Milei in October to discuss the role of cryptocurrency in shaping the country’s economy.
The meeting, scheduled for October 19, will take place during the Tech Forum Argentina, where Hoskinson will engage in discussions about the potential of blockchain technology in transforming economic and social systems.
The talks will cover a range of topics, including Argentina’s approach to technology and its potential adoption of a central bank digital currency (CBDC).
Cardano Increases Ties With Argentina
The upcoming meeting builds on Cardano’s already strong ties with Argentina.
The Cardano Foundation has been active in the country, establishing multiple partnerships to promote local blockchain adoption.
In June 2024, the foundation signed another agreement to further integrate blockchain technology in Argentina.
Notably, Bitcoin has had a long-standing presence in Argentina, with one of the first major crypto companies, BitPay, developing its wallet Copay there in 2012.
President Milei, known for his pro-cryptocurrency stance, has publicly endorsed Cardano on social media.
$BNB
In May 2024, he reposted a Cardano-themed message from Dario Epstein and has since shared several posts from Hoskinson himself.
Milei confirmed his participation in the Tech Forum Argentina through a social media post on September 17.
The news coincides with Cardano’s progress toward achieving decentralized governance under the Voltaire era of its roadmap.
$SOL
On September 1, Cardano underwent its first hard fork in this era, introducing community-run governance mechanisms.
Another much-anticipated upgrade within the network is the Leios upgrade, which according to Cardano founder Charles Hoskinson will make the platform “faster than Solana.
The upcoming meeting builds on Cardano’s already strong ties with Argentina.
#CardanoSurprise
Cardano founder Charles Hoskinson is set to meet with Argentina’s President Javier Milei in October to discuss the role of cryptocurrency in shaping the country’s economy.
The meeting, scheduled for October 19, will take place during the Tech Forum Argentina, where Hoskinson will engage in discussions about the potential of blockchain technology in transforming economic and social systems.
The talks will cover a range of topics, including Argentina’s approach to technology and its potential adoption of a central bank digital currency (CBDC).
Cardano Increases Ties With Argentina
The upcoming meeting builds on Cardano’s already strong ties with Argentina.
The Cardano Foundation has been active in the country, establishing multiple partnerships to promote local blockchain adoption.
In June 2024, the foundation signed another agreement to further integrate blockchain technology in Argentina.
Notably, Bitcoin has had a long-standing presence in Argentina, with one of the first major crypto companies, BitPay, developing its wallet Copay there in 2012.
President Milei, known for his pro-cryptocurrency stance, has publicly endorsed Cardano on social media.
$BNB
In May 2024, he reposted a Cardano-themed message from Dario Epstein and has since shared several posts from Hoskinson himself.
Milei confirmed his participation in the Tech Forum Argentina through a social media post on September 17.
The news coincides with Cardano’s progress toward achieving decentralized governance under the Voltaire era of its roadmap.
$SOL
On September 1, Cardano underwent its first hard fork in this era, introducing community-run governance mechanisms.
Another much-anticipated upgrade within the network is the Leios upgrade, which according to Cardano founder Charles Hoskinson will make the platform “faster than Solana.
CertiK Ventures discloses $45M investment plan to boost Web3 #web3_binance
In addition to CertiK Ventures’ $45-million investment plan, CertiK also announced the launch of free community tools, including Token Scan and Wallet Scan. #scantowin
The venture arm of the major blockchain security platform CertiK is working to promote Web3 adoption with a new multimillion-dollar investment targeting new industry projects.
CertiK Ventures launched a $45-million investment plan on Sept. 19 to drive the development of high-potential Web3 projects, according to an announcement shared with Cointelegraph. The plan aims to accelerate the integration and security within the Web3 ecosystem. #ecosystemgrowth
The announcement comes a few months after CertiK officially launched its venture arm in May 2024. The arm targets supporting emerging blockchain platforms in combination with CertiK’s long-running expertise in blockchain security.
CertiK introduces free community security tools at Token2049
In addition to CertiK Ventures’ news, CertiK announced a Web3 services upgrade at the Token2049 in Singapore on Sept. 19.
The blockchain security firm also launched free community security tools, including Token Scan and Wallet Scan, to help users safeguard their assets.
CertiK’s Token Scan tool specifically provides instant token security checks to detect scams on networks such as Solana. Wallet Scan allows users to check whether their wallet is exposed to risks like approval vulnerabilities, suspicious transactions and phishing address interactions.
CertiK
CertiK developed the Token Scan and Wallet Scan tools based on its experience conducting more than 70 white hat operations, reporting more than 4,000 security incidents, discovering 115,000 code vulnerabilities and protecting approximately $360 billion in assets.
In addition to CertiK Ventures’ $45-million investment plan, CertiK also announced the launch of free community tools, including Token Scan and Wallet Scan. #scantowin
The venture arm of the major blockchain security platform CertiK is working to promote Web3 adoption with a new multimillion-dollar investment targeting new industry projects.
CertiK Ventures launched a $45-million investment plan on Sept. 19 to drive the development of high-potential Web3 projects, according to an announcement shared with Cointelegraph. The plan aims to accelerate the integration and security within the Web3 ecosystem. #ecosystemgrowth
The announcement comes a few months after CertiK officially launched its venture arm in May 2024. The arm targets supporting emerging blockchain platforms in combination with CertiK’s long-running expertise in blockchain security.
CertiK introduces free community security tools at Token2049
In addition to CertiK Ventures’ news, CertiK announced a Web3 services upgrade at the Token2049 in Singapore on Sept. 19.
The blockchain security firm also launched free community security tools, including Token Scan and Wallet Scan, to help users safeguard their assets.
CertiK’s Token Scan tool specifically provides instant token security checks to detect scams on networks such as Solana. Wallet Scan allows users to check whether their wallet is exposed to risks like approval vulnerabilities, suspicious transactions and phishing address interactions.
CertiK
CertiK developed the Token Scan and Wallet Scan tools based on its experience conducting more than 70 white hat operations, reporting more than 4,000 security incidents, discovering 115,000 code vulnerabilities and protecting approximately $360 billion in assets.
"𝗙𝗿𝗼𝗺 𝗦𝗵𝗶𝗯𝗮𝗿𝗶𝘂𝗺 𝘁𝗼 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗥𝗲𝗮𝗹𝗺𝘀: 𝗘𝘅𝗽𝗹𝗼𝗿𝗶𝗻𝗴 𝗦𝗛𝗜𝗕'𝘀 𝗝𝗼𝘂𝗿𝗻𝗲𝘆 𝗕𝗲𝘆𝗼𝗻𝗱 𝗖𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆"
As of late May 2024, the Shiba Inu (SHIB) cryptocurrency is valued at approximately $0.00002705. Market forecasts suggest a potential increase in value to a range between $0.0000364 and $0.0000941 in the near future. Notable advancements include ongoing efforts to enhance transaction efficiency through the Shibarium project, alongside the introduction of SHIB: The Metaverse, enabling users to purchase and develop virtual real estate.
Market dynamics are influenced by significant token burns and large-scale transactions by influential holders.
Nevertheless, despite market fluctuations, the SHIB ecosystem demonstrates continuous expansion.
#ShibaInu:
#shiba⚡
#marketactivity
#EcosystemSupport
#ecosystemgrowth
As of late May 2024, the Shiba Inu (SHIB) cryptocurrency is valued at approximately $0.00002705. Market forecasts suggest a potential increase in value to a range between $0.0000364 and $0.0000941 in the near future. Notable advancements include ongoing efforts to enhance transaction efficiency through the Shibarium project, alongside the introduction of SHIB: The Metaverse, enabling users to purchase and develop virtual real estate.
Market dynamics are influenced by significant token burns and large-scale transactions by influential holders.
Nevertheless, despite market fluctuations, the SHIB ecosystem demonstrates continuous expansion.
#ShibaInu:
#shiba⚡
#marketactivity
#EcosystemSupport
#ecosystemgrowth
Crypto Exchange Bybit Obtains Provisional Approval From Dubai’s Regulator VARA. #VARA
The exchange stressed this is "non-operational" approval but allows Bybit to move closer to obtaining a full VASP license. #VASP
Cryptocurrency exchange Bybit said it has taken a step toward strengthening its presence in Dubai by securing provisional approval from the Virtual Assets Regulatory Authority (VARA).
The exchange stressed this is “non-operational” approval but allows Bybit to move closer to obtaining a full Virtual Asset Service Provider (VASP) license. This will allow the company to offer virtual asset exchange services to retail, institutional, and qualified investors in Dubai.
Why Dubai? #Dubia
Dubai has emerged as an important location for cryptocurrency and blockchain firms due to its policies, regulatory clarity, and strategic positioning.
Bybit, which established its global headquarters in Dubai in 2022, has been an active participant in the city’s growing crypto ecosystem. #ecosystemgrowth
“Dubai’s strategic location, progressive policies, and innovation-driven environment offer unparalleled opportunities for businesses and investors in the cryptocurrency sector,” said Helen Liu, chief operating officer of Bybit.
“With its robust regulatory framework and commitment to becoming a blockchain capital, Dubai is the ideal place to advance digital currencies and foster growth in this exciting industry,” adds Liu. #Lui
$SOL
At a recent panel discussion during Korea Blockchain Week (KBW2024) Binance CEO Richard Teng praised Dubai and its regulatory framework for digital assets.
$BNB
Commenting on the Middle East, Teng pointed to innovative regulatory approaches in countries like Abu Dhabi, Bahrain, and Dubai. He praised Dubai’s establishment of VARA which is dedicated solely to overseeing the crypto industry.
The exchange stressed this is "non-operational" approval but allows Bybit to move closer to obtaining a full VASP license. #VASP
Cryptocurrency exchange Bybit said it has taken a step toward strengthening its presence in Dubai by securing provisional approval from the Virtual Assets Regulatory Authority (VARA).
The exchange stressed this is “non-operational” approval but allows Bybit to move closer to obtaining a full Virtual Asset Service Provider (VASP) license. This will allow the company to offer virtual asset exchange services to retail, institutional, and qualified investors in Dubai.
Why Dubai? #Dubia
Dubai has emerged as an important location for cryptocurrency and blockchain firms due to its policies, regulatory clarity, and strategic positioning.
Bybit, which established its global headquarters in Dubai in 2022, has been an active participant in the city’s growing crypto ecosystem. #ecosystemgrowth
“Dubai’s strategic location, progressive policies, and innovation-driven environment offer unparalleled opportunities for businesses and investors in the cryptocurrency sector,” said Helen Liu, chief operating officer of Bybit.
“With its robust regulatory framework and commitment to becoming a blockchain capital, Dubai is the ideal place to advance digital currencies and foster growth in this exciting industry,” adds Liu. #Lui
$SOL
At a recent panel discussion during Korea Blockchain Week (KBW2024) Binance CEO Richard Teng praised Dubai and its regulatory framework for digital assets.
$BNB
Commenting on the Middle East, Teng pointed to innovative regulatory approaches in countries like Abu Dhabi, Bahrain, and Dubai. He praised Dubai’s establishment of VARA which is dedicated solely to overseeing the crypto industry.
Keplr Product Marketing Manager Delivan Yoo discusses the challenges of building an 'interchain-able' application like Keplr and how to overcome them.
Tech moves fast. The interchain moves faster.
The content of this video was correct at the time of recording.
• About the Interchain Foundation
The Interchain Foundation (ICF) is pushing the frontiers of blockchain-related infrastructure. As stewards of the Interchain, we fund and advance the creation of an interoperable, sustainable, and community-owned decentralized ecosystem.
Among others, we help maintain the Cosmos SDK, CosmWasm, CosmJS, IBC, and CometBFT (previously
Tendermint Core).
$ATOM #USElections2024Countdown #cosmoshub #SDK #keplr #ecosystemgrowth
Tech moves fast. The interchain moves faster.
The content of this video was correct at the time of recording.
• About the Interchain Foundation
The Interchain Foundation (ICF) is pushing the frontiers of blockchain-related infrastructure. As stewards of the Interchain, we fund and advance the creation of an interoperable, sustainable, and community-owned decentralized ecosystem.
Among others, we help maintain the Cosmos SDK, CosmWasm, CosmJS, IBC, and CometBFT (previously
Tendermint Core).
$ATOM #USElections2024Countdown #cosmoshub #SDK #keplr #ecosystemgrowth
A true story on how #BTC☀ was created:
On a cold January day in 2009, Satoshi released Bitcoin to the world by mining the very first block, known as the "Genesis Block." In the code, he embedded a hidden message, a reference to a newspaper headline about the financial crisis, symbolizing Bitcoin’s mission to offer an alternative to the failing traditional financial system.
The initial response was quiet. A few tech enthusiasts and cryptographers took notice, intrigued by the idea of a currency that wasn't controlled by any government or institution. They began to mine Bitcoin on their personal computers, validating transactions and securing the network.
As time passed, Bitcoin gained traction. People started using it to buy goods and services, and its value slowly began to rise. Other developers, inspired by Satoshi's creation, began to create their own cryptocurrencies, each with unique features and purposes. This marked the beginning of a new era—an era where power over money shifted from the hands of the few to the many.
Cryptocurrencies flourished, each with its own community, vision, and purpose. Bitcoin remained the flagship, a symbol of financial freedom, while others like Ethereum, with its smart contracts, and Ripple, aimed at revolutionizing cross-border payments, carved their own niches.
Satoshi Nakamoto, however, remained a mystery. After a few years of communicating with the community, he quietly vanished, leaving behind a legacy that would change the world. No one knew his true identity, but his creation continued to thrive, evolving into a complex ecosystem that defied traditional norms.
And so, the story of cryptocurrency began—born from a desire for change, fueled by innovation, and carried forward by a global community determined to redefine what money could be.$BTC
#BTC☀ #satoshi #Nakamoto. #ecosystemgrowth
On a cold January day in 2009, Satoshi released Bitcoin to the world by mining the very first block, known as the "Genesis Block." In the code, he embedded a hidden message, a reference to a newspaper headline about the financial crisis, symbolizing Bitcoin’s mission to offer an alternative to the failing traditional financial system.
The initial response was quiet. A few tech enthusiasts and cryptographers took notice, intrigued by the idea of a currency that wasn't controlled by any government or institution. They began to mine Bitcoin on their personal computers, validating transactions and securing the network.
As time passed, Bitcoin gained traction. People started using it to buy goods and services, and its value slowly began to rise. Other developers, inspired by Satoshi's creation, began to create their own cryptocurrencies, each with unique features and purposes. This marked the beginning of a new era—an era where power over money shifted from the hands of the few to the many.
Cryptocurrencies flourished, each with its own community, vision, and purpose. Bitcoin remained the flagship, a symbol of financial freedom, while others like Ethereum, with its smart contracts, and Ripple, aimed at revolutionizing cross-border payments, carved their own niches.
Satoshi Nakamoto, however, remained a mystery. After a few years of communicating with the community, he quietly vanished, leaving behind a legacy that would change the world. No one knew his true identity, but his creation continued to thrive, evolving into a complex ecosystem that defied traditional norms.
And so, the story of cryptocurrency began—born from a desire for change, fueled by innovation, and carried forward by a global community determined to redefine what money could be.$BTC
#BTC☀ #satoshi #Nakamoto. #ecosystemgrowth