Coincorner247 The Latest Crypto News Over The World

Crypto News

Avalanche Mainnet Upgraded with Cortina Release, Enhancing Network Capabilities

Avalanche has activated the Cortina upgrade on its mainnet, implementing changes to optimize the network for developers. The upgrade migrated the X-Chain to run the Snowman++ consensus, allowing for integration of Avalanche Warp Messaging and enabling complex X-Chain transactions. The upgrade also increased the C-Chain block gas limit from 8 million to 15 million gas, accommodating deployment of more complex dApps on the network. The upgrade comes as the C-Chain sees a resurgence, with daily transactions more than tripling year to date.

theblock - 1218 ngày trước

ChatGPT Plugin Update Brings AI-driven Blockchain Data Access to Solana

Solana Labs announced that users of the Solana network will soon be able to interact with ChatGPT, an AI chatbot developed by OpenAI, using an open-source plugin. The plugin will allow users to check wallet balances, transfer Solana-native tokens, and purchase non-fungible token (NFTs). While some have questioned the benefit of the integration, Solana Labs is offering $1 million in funding towards AI projects on its blockchain.

cointelegraph - 1218 ngày trước

Crypto Giant Uniswap Dominates Market with $1.5 Trillion Trading Volume

Uniswap, one of the largest decentralized exchanges, has maintained its dominance in the Decentralized finance (DeFi) market with over $4 billion in total value locked (TVL). Uniswap's trading volume surpassed $1.5 trillion in April, driven by an influx of investors after the U.S. regulatory clampdown and banking crisis. The platform has surpassed its centralized counterpart, Coinbase, for the second month in a row, with increased transaction counts and daily active users reaching a notable high since May 2021.

CryptoPotato - 1218 ngày trước

Google Cloud Unveils Shocking Web3 Integration

Google Cloud launches Web3 Startups Program, offering unique benefits such as a private Discord channel, Web3 training courses, and grants from major partners like Aptos, Celo, Flow, HBAR Foundation, Near, and Solana Foundation. The initiative aims to provide reliable, scalable, and sustainable infrastructure for Web3 startups, with up to $200,000 in Google Cloud credits over two years. The program focuses on supporting fast-paced Web3 innovation and accelerating adoption in the ecosystem.

Decrypt - 1218 ngày trước

Visa Unveils Ambitious Ethereum-Based Crypto Product Roadmap

Visa plans to expand into the Web 3.0 industry by hiring senior software engineers to develop scalable Web 3.0 products, as stated by Visa's head of crypto Cuy Sheffield. The job advertisement seeks software engineers with knowledge of public and permissioned DLT networks, security protocols, and Ethereum smart contract capabilities. Visa is expected to utilize the Polygon network to scale its Ethereum smart contract capabilities in Web 3.0 development. The move was applauded by the cryptocurrency community, including Circle co-founder and CEO Jeremy Allaire.

Coinspeaker - 1218 ngày trước

Coinbase Sues U.S. SEC Over Lack of Regulatory Clarity in Crypto

Coinbase has sued the U.S. SEC for regulatory clarity for the crypto industry, requesting a court to press the SEC to respond to its rulemaking petition within seven days. The SEC has not commented on Coinbase's request for clarity on the treatment of staking services. The lack of formalized decision-making from the SEC has created uncertainty for crypto companies and blocked them from adequately preparing for the future, as Coinbase argues there is no clear or workable regime in place in the US for smooth functioning of the market.

Blockworks - 1219 ngày trước

Ethereum Staking Sees Record Inflow of 572k ETH After Shanghai Upgrade

The recent Ethereum upgrade, Shanghai, saw a record-breaking weekly inflow of ether (ETH) deposits for staking, with investors depositing 571,950 ETH tokens worth over $1 billion. Institutional staking service providers and investors reinvesting rewards after withdrawal were the main drivers. The upgrade allowed for the withdrawal of tokens previously locked-up in staking contracts for the first time, resulting in the largest weekly token inflow in ether staking's history. Top institutional-grade staking service providers staked 235,330 ETH worth around $450 million since the upgrade.

coindesk - 1219 ngày trước

Solana Takes Lead in Blockchain Carbon Footprint Transparency

The Solana Foundation, partnering with data platform Trycarbonara, has launched a real-time carbon emissions tracking dashboard for the Solana blockchain. As the first major smart-contract blockchain to offer real-time emissions tracking, Solana aims to set a new standard for transparency in the sector. The dashboard displays indicators like total node count, megawatt-hours, and carbon emissions averages, and offers comparison charts for various activities. The initiative aligns with global efforts to use blockchain technology for monitoring carbon emissions.

cointelegraph - 1219 ngày trước

Russia Becomes Second Largest Bitcoin Miner After U.S.

Russia has become the second largest Bitcoin miner globally, after the U.S., according to a Kommersant report citing BitRiver data. Amid increasing U.S. crypto mining regulation, Russia's mining capacity reached 1 gigawatt (GW) between January and March. The U.S. led with 3-4 GW, while the Persian Gulf, Canada, and Malaysia followed in the top 10. Russia previously held third place at the end of 2021, as per the Cambridge Center for Alternative Finance.

Forkast - 1219 ngày trước

Zimbabwe Introduces Gold-based Digital Currency To Combat Inflation

The Reserve Bank of Zimbabwe is launching a gold-backed digital currency as legal tender to combat continued depreciation of the Zimbabwean dollar against the US dollar. The move will enable small amounts of Zimbabwean dollars to be exchanged for the digital gold token, giving citizens a chance to hedge against currency volatility. Zimbabwe has suffered from currency volatility and inflation for over a decade and has been printing their "own money" on scraps of paper.

cointelegraph - 1219 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1072 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1072 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1072 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1072 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1073 ngày trước