Deutsche Bank and Standard Chartered Ventures Test Blockchain Transactions
Deutsche Bank and Standard Chartered Ventures are reportedly testing a blockchain-based alternative to SWIFT designed for stablecoins and central bank digital currencies (CBDCs). This move reflects a growing interest in blockchain technology to improve cross-border transactions, especially for digital assets. The initiative aims to enhance the efficiency and security of international payments involving stablecoins and CBDCs. (CoinDesk)
Polygon Launches New POL Token on Ethereum
Polygon has introduced a new native token called POL on the Ethereum blockchain, aiming to enhance its ecosystem's utility and governance. POL holders can participate in decision-making processes and access exclusive benefits within the Polygon network. This move is part of Polygon's strategy to expand its ecosystem and further integrate with the Ethereum blockchain. (Decrypt)
Mastercard Partners with MoonPay to Embrace Web3
Mastercard has announced a strategic collaboration with MoonPay, a cryptocurrency payment infrastructure provider, to explore opportunities in the web3 space. This partnership aims to enable users to seamlessly integrate digital assets and cryptocurrencies into their Mastercard experiences, enhancing accessibility to web3 platforms. The move reflects Mastercard's commitment to embracing the emerging blockchain and cryptocurrency landscape. (CoinDesk)
Bitcoin Arbitrage Gains from Rising Perpetual Funding Rates
As Bitcoin's perpetual funding rates surge, traders are finding attractive arbitrage opportunities in the cryptocurrency market. These rates, influenced by market sentiment, have reached appealing levels, allowing traders to capitalize on price differences between spot and futures contracts. This trend highlights a growing interest in Bitcoin arbitrage due to the favorable conditions in the market. (CoinDesk)
Gnosis Chain's Total Value Locked Doubles Following MakerDAO's Spark Protocol Expansion
Gnosis Chain, a blockchain network, has experienced a substantial increase in its total value locked (TVL), reaching $150 million. This surge in TVL can be attributed to MakerDAO's expansion of the Spark protocol, which integrated Gnosis Chain. This collaboration underscores the growing importance of interoperability and cross-chain functionality in the blockchain ecosystem. (The Block)
Ethereum NFT Trading Volume Experiences Significant Surge
NFT trading on the Ethereum blockchain has seen a substantial increase in trading volume, with a 124% growth in just one week, reaching a total of $142 million. This surge underscores the expanding demand for digital collectibles and unique digital assets in the crypto space. The future trajectory of this trend and its implications for the NFT market are regaining public interest. (CryptoTicker)
dYdX Releases Code for Version 4 of Cosmos-Based DEX
dYdX, the decentralized exchange (DEX) platform, has unveiled the code for the fourth version of its DEX, built on the Cosmos blockchain. This release marks a significant development for dYdX as it continues to enhance the scalability, performance, and user experience of its decentralized exchange. The update is aimed to bring substantial impacts to the dYdX ecosystem and the broader DeFi space. (The Block)
Pepe Memecoin Sees 31% Price Surge After Burning 55 Million Tokens
Pepe memecoin experienced a notable 31% increase in its price following the burning of 55 million tokens. This token burn initiative has generated a positive market response, illustrating the potential advantages of reducing the token supply. This move highlights the implications and benefits of this strategic move for Pepe memecoin's community and investors. (CoinDesk)
Lightspark Facilitates Lightning Bitcoin Payments for E-commerce
Lightspark, a fintech company, is integrating Bitcoin's Lightning Network to allow merchants to accept Bitcoin payments seamlessly. This development aims to make it easier for e-commerce businesses to tap into the growing world of digital payments and cryptocurrency transactions. By enabling Lightning Bitcoin payments, Lightspark is enhancing the speed and efficiency of online transactions, providing a promising solution for online retailers. (Blockworks)
Lower Middle-Income Countries Lead in Crypto Adoption, Says Chainalysis
A recent report from Chainalysis reveals that lower-middle-income countries are taking the lead in cryptocurrency adoption, surpassing higher-income nations in terms of on-chain volume. The study highlights that these countries have a growing interest in using cryptocurrencies for various purposes, including remittances and as a store of value. This shift indicates that cryptocurrencies are increasingly becoming a financial alternative in regions with economic challenges. (Cointelegraph)
The Sandbox Cofounder Emphasizes Content Creators in Metaverse Gaming
The cofounder of The Sandbox, a metaverse gaming platform, highlights the significance of content creators in the metaverse, prioritizing their role over land speculation. The insight explores the increasing importance of user-generated content and creativity in shaping the metaverse experience, emphasizing the potential for content creators to drive innovation and engagement in virtual worlds. This perspective reflects the evolving landscape of metaverse gaming. (The Block)
