TL;DR Ripple will reset the XRP Ledger Testnet on August 19, 2024, to improve stability, reduce node operation costs, and enhance security. Speculations suggest the reset is for testing tokenized US Treasury bills, with Ripple investing $10 million to support this initiative. ‘Attention XRPL Developers’ Ripple’s team revealed that the XRP Ledger (XRPL) Testnet will…
Global asset markets went risk-off in a brisk tumble the first week in August. Fears of a U.S. recession put an end to Wall Street’s 23-month, high-flying stock rally. The U.S. “Magnificent Seven” stocks lost a trillion dollars in value in mere days, with Nvidia and Apple leading the bleeding. The Tokyo Stock Exchange’s Nikkei…
Egyptian artificial intelligence firm Synapse Analytics has secured $2 million to expand into the Gulf Cooperation Council region and Africa. The company has partnered with major banking product providers such as AWS, Crealogix, and TUMM. Using AI to Simplify Access to Finance The Egyptian artificial intelligence (AI) firm, Synapse Analytics, recently secured $2 million to…
Trading platforms have become essential in the cryptocurrency market, playing a crucial role in the industry. Although many projects claim to offer these toolsets, only a few provide the necessary tools to streamline the crypto trading experience for everyone, regardless of their trading expertise. This article will discuss Flipster, one of the fastest-growing crypto derivatives…
PRESS RELEASE. Geneva, Switzerland – August 6th, 2024 – Leading crypto media research arm Cointelegraph and leading crypto research platform CryptoQuant have released comprehensive research reports offering in-depth analyses of the TRON network. These reports highlight a continuous rise in network activity and emphasize TRON’s high transaction speeds, scalability, and cost-effectiveness, which make it a…
Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a hedge “against anything.” King stressed that “crypto itself was entirely propped up by stable coin fraud. I warned it would crumble like paper when it starts.” Bitcoin fell under $50,000 on August 5th, as the Japanese stock market also took…
TLDR Vitalik Buterin has outlined a plan for cross-chain interoperability between Ethereum layer-2 networks The plan includes several Ethereum Improvement Proposals (EIPs) aimed at enhancing cross-L2 compatibility Key proposals include EIP-3370 for a new address standard, EIP-7683 for cross-L2 communication, and EIP-3668 for off-chain data access Buterin predicts that all rollups will eventually adopt zero-knowledge…
TLDR US lawmakers have urged the CFTC to ban betting on elections, citing concerns about influencing outcomes and eroding public trust Decentralized prediction platform Polymarket has seen over $500 million in bets on the 2024 US presidential election Polymarket’s website traffic has surpassed major DeFi platforms, driven by interest in election betting The platform’s betting…
TLDR W-Coin is a new Telegram-based tap-to-earn game with over 16 million users Players can earn W-Coin by tapping, completing tasks, and inviting friends The game features upgrades, boosters, and unique staking options for rewards W-Coin plans to launch a token, with the community voting on which blockchain to use The token launch and airdrop…
TLDR Binance has hinted at possibly listing Hamster Kombat (HMSTR) token for trading Hamster Kombat is a popular Telegram-based game with over 300 million users The HMSTR token launch was delayed from July 2024 due to technical issues 60% of HMSTR tokens will be distributed to players via airdrop Hamster Kombat is already listed on…