Coins.ph Launches PHPC on Ronin Network
Coins.ph has introduced PHP Coin (PHPC) on the Ronin Network, marking its debut on a blockchain other than Ethereum. This move aims to reduce transaction costs and enhance efficiency for users of the popular Philippine-based cryptocurrency platform. PHP Coin will leverage Ronin's scalability and lower fees compared to Ethereum, offering a better experience when it comes to sending money, paying merchants, and doing cryptocurrency transactions. This allows the BSP-approved PHPC to better suit the growing demand for seamless and cost-effective blockchain solutions in the country. (BitPinas)
Hypersphere Unveils $130M Market Fund to Boost Crypto Investments
Hypersphere, a crypto investment firm, has launched a $130 million market fund aimed at bolstering its presence in the digital asset space. The fund will focus on a wide array of crypto investments, including early-stage projects, DeFi protocols, and NFT platforms. With a strategic emphasis on fostering innovation and growth within the crypto ecosystem, Hypersphere intends to capitalize on emerging trends and opportunities in decentralized finance and blockchain technology. This move underscores the firm's commitment to expanding its portfolio and supporting promising ventures amid the evolving landscape of digital assets. (CoinDesk)
ECB Explores Blockchain MPC Technology for Improved Financial Privacy
The European Central Bank (ECB) is investigating blockchain-based Multi-Party Computation (MPC) technology to enhance financial privacy without compromising regulatory requirements. MPC allows multiple parties to compute a joint function without revealing individual inputs, potentially revolutionizing data privacy in financial transactions. By leveraging MPC on blockchain, the ECB aims to strengthen privacy in digital payment systems while maintaining regulatory oversight. This exploration underscores a growing trend towards integrating blockchain for enhancing security and privacy in central banking operations. (Cointelegraph)
YGG Roadtrip Manila Sets Stage for Play-to-Earn Expansion
The YGG Roadtrip is set to conclude this Sunday, July 14, at Ayala Malls Trinoma, Quezon City. YGG, a gaming guild platform, highlighted in its previous legs, the potential of blockchain technology to empower gamers economically through decentralized gaming ecosystems. With Coins.ph as the official exchange partner, the event has featured discussions on NFTs, game development, and the future of play-to-earn gaming, emphasizing community engagement and education. (BitPinas)
Dorsey's Block Partners with Core Scientific for Bitcoin Mining Chip Project
Dorsey's Block, a company led by Twitter CEO Jack Dorsey, has teamed up with Core Scientific to develop a new generation of Bitcoin mining chips. This collaboration aims to enhance efficiency and sustainability in Bitcoin mining operations through advanced semiconductor technology. The project focuses on creating ASIC chips that consume less energy while maintaining high performance levels, aligning with Dorsey's vision for environmentally responsible cryptocurrency infrastructure. By leveraging Core Scientific's expertise in semiconductor design and fabrication, Dorsey's Block aims to push the boundaries of energy-efficient blockchain technology. (The Block)
StarkNet Proposes Staking Mechanism to Enhance Layer 2 Ecosystem
StarkNet, a Layer 2 scaling solution for Ethereum, has introduced a staking proposal aimed at bolstering its ecosystem's security and decentralization to be implemented by the end of 2024. This initiative seeks to incentivize participants to lock up tokens and validate transactions, thereby improving network reliability and performance. StarkNet's staking mechanism aims to attract more validators and stakeholders, fostering a robust and sustainable infrastructure for decentralized applications. This proposal allows while maintaining high levels of security on Ethereum's Layer 2. (Coindesk)
Solana ETF Optimism Boosts SOL Price Prediction
The optimism surrounding a potential Solana exchange-traded fund (ETF) has contributed to bullish sentiment and price predictions for SOL. Investors and analysts anticipate that an ETF focusing on Solana could attract significant capital inflows, driving up the price of SOL tokens. This speculation comes amidst growing institutional interest in Solana's blockchain technology and its potential applications in decentralized finance (DeFi) and Web3. If approved, a Solana ETF could further solidify SOL's position as a leading blockchain platform and accelerate its adoption in the broader financial markets. (BeInCrypto)
Crypto Industry Forms Blockchain Security Standards Council
The crypto industry has established the Blockchain Security Standards Council (BSSC) to enhance cybersecurity measures across blockchain platforms and applications. This initiative aims to standardize security practices and protocols, addressing growing concerns over cyber threats and vulnerabilities within the blockchain ecosystem. The BSSC plans to collaborate with industry stakeholders, regulators, and academia to develop robust frameworks that ensure the safety and integrity of blockchain networks. By setting these standards, the council seeks to bolster trust among users and promote broader adoption of blockchain technology globally. (Blockworks)
