New Bill Proposed to Waive E-Wallet Fees for Small Transactions
A new bill has been proposed in the Philippines that seeks to waive fees for small transactions made through electronic wallets (e-wallets). The bill aims to promote financial inclusion by making digital transactions more accessible to low-income individuals and micro, small, and medium enterprises (MSMEs). If passed, the bill would exempt e-wallet transactions of up to 2,000 Philippine pesos (approximately $40) from fees, benefiting a wide range of users across the country. (BitPinas)
Solana's DEX Records Remarkable Surge in Trading Volumes
Solana's decentralized exchanges (DEXs) have experienced a notable uptick in trading volumes, indicative of the network's growing traction in the DeFi space. This surge is driven by factors like Solana's expanding ecosystem and the increasing adoption of DeFi protocols on its platform. With its high throughput and low transaction costs, Solana is emerging as a strong contender to Ethereum in the DeFi landscape. (Blockworks)
Ripple Whales Increase XRP Holdings Amid Market Activity
Large holders of Ripple's XRP, known as whales, have been accumulating more of the cryptocurrency despite recent market volatility. The increased accumulation by these whales suggests a strong belief in XRP's future potential, despite ongoing legal challenges faced by Ripple. This behavior may also indicate a bullish sentiment among influential XRP holders regarding the cryptocurrency's long-term prospects. (BeInCrypto)
Anticipated Trends for Web3 in 2024
A recent analysis of the Web3 landscape suggests several key trends expected to shape the decentralized web space in 2024. These forecasts include the continued ascent of DeFi as a dominant financial force, a surge in blockchain adoption across mainstream sectors, and the proliferation of decentralized applications (dApps) in diverse industries. Additionally, the report underscores the critical need for regulatory clarity and infrastructure enhancements to support the maturation of Web3 technologies. (Blockworks)
MicroStrategy Acquires Additional 14,620 Bitcoin for $615 Million
MicroStrategy has purchased an additional 14,620 bitcoins for approximately $615 million, further bolstering its cryptocurrency holdings. This strategic move reaffirms MicroStrategy's commitment to Bitcoin as a long-term store of value and reflects the company's ongoing bullish stance on the cryptocurrency. The acquisition demonstrates MicroStrategy's continued confidence in Bitcoin's potential as an asset with strong value appreciation prospects. (The Block)
Litecoin Witnesses Growth in Addresses and Transactions
Litecoin has experienced a notable increase in both the number of active addresses and daily transactions, signaling renewed activity and interest in the cryptocurrency. The rise in addresses and transactions suggests growing adoption and utility for Litecoin as a digital currency. This development comes amid a broader trend of increasing cryptocurrency usage and acceptance in various sectors. (BeInCrypto)
Vitalik Buterin Proposes Ethereum PoS Consensus: Making it Lighter and Simpler
Vitalik Buterin has proposed a new consensus algorithm for Ethereum, aiming to make the transition to proof-of-stake (PoS) more efficient and less complex. The new algorithm, called "Balanced PoS," is designed to address some of the challenges associated with Ethereum's current PoS implementation, such as high hardware requirements and potential centralization risks. Buterin's proposal aims to strike a balance between security, decentralization, and efficiency as Ethereum continues its transition to Ethereum 2.0. (Cointelegraph)
Shiba Inu's Shibarium Surpasses 200 Million Transactions Milestone
Shiba Inu's blockchain platform, Shibarium, has achieved a significant milestone by surpassing 200 million transactions. This milestone underscores the growing adoption and usage of Shibarium as a blockchain infrastructure for various applications. The achievement reflects Shiba Inu's expanding ecosystem and the increasing activity within its decentralized network. (Watcher.Guru)
Tether Replenishes USDT Reserves with $1 Billion
Tether has restored its USDT reserves by minting an additional $1 billion worth of the stablecoin, following a recent reduction in its supply. This move aims to maintain a stable peg to the US dollar and meet the increasing demand for USDT in the market. Tether's decision to replenish its reserves comes amid ongoing scrutiny of stablecoin issuers and their reserve backing practices. (Cointelegraph)
