New Developments Happening in the Blockchain Space: 01-05-2024
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Kraken Introduces Simple, Secure, and Powerful Kraken Wallet
Kraken, a leading cryptocurrency exchange, has taken a significant step towards accelerating crypto adoption with the release of Kraken Wallet. The self-custodial wallet is designed to be simple, secure, and powerful, offering users an easy-to-use gateway to the decentralized financial system.
Whether individuals are Kraken clients or not, they can utilize the multichain Kraken Wallet as a bridge to the world of decentralized finance. Built on the principles of privacy and security, Kraken Wallet ensures self-custody of digital assets and data. Users can enjoy an onchain experience supported by Kraken's world-class security measures and dedicated client service.
Kraken Wallet provides a beautiful user experience, eliminating the need for network switching or manually creating multiple seed phrases. It serves as a one-stop solution for all self-custody needs, offering features such as comprehensive portfolio tracking, multichain support, WalletConnect integration, and round-the-clock customer support. Read More
New Telegram mini-apps will be so convenient users won’t know it’s crypto
TON Foundation’s Justin Hyun tells Cointelegraph about the benefits of Tether’s launch on the TON chain.
Telegram’s 900 million users will be able to make peer-to-peer interactions seamlessly as the messaging app incorporates mini-apps and the Tether stablecoins. Many users will interface with crypto for the first time and not even notice it.
Developers will also benefit as they launch ecommerce, paywalled content, games and other business activities on top of The Open Network’s (TON’s) layer-1 blockchain more smoothly thanks to the stablecoin, TON Foundation director of investments Justin Hyun told Cointelegraph’s Ezra Reguerra at the Token2049 conference in Dubai. TON is also continuing the rollout of its wallet.
The launch of Tether on TON “really unlocks the creator economy that is already happening in TON and Telegram” as users “no longer need to jump through the barriers of having to acquire a different type of crypto or token,” Hyun said. He added:
“The most interesting use cases are the ones that engage in social viral mechanics. So there are games that are being created on a daily basis that are powered through Telegram mini-apps.” Read More
What are Ether futures ETFs, and how do they work?
Ether futures ETFs are investment funds that track Ethereum futures contracts, not Ethereum itself.
Consider a contract that commits to purchasing Ethereum at a specific price at a future time. These derivative contracts are traded via Ether (ETH) futures exchange-traded funds (ETFs), providing a regulated method of investing in Ethereum using a brokerage account.
In 2021, the first Ether futures ETFs were introduced in Canada. Although futures-based ETFs have been approved, the United States Securities and Exchange Commission (SEC) has not yet approved a spot Ether ETF in the country.
Asset management companies oversee Ether futures ETFs. The major issuers offering Ether futures ETFs are Bitwise, VanEck and ProShares. These firms take care of the complexities involved in purchasing and disposing of futures contracts, controlling rollovers to preserve exposure and ensuring the ETF complies with legal requirements. Read More
How to add USDT to MetaMask wallet
Learn how to easily transfer USDT to your MetaMask wallet and start using it on various decentralized applications (DApps).
MetaMask is among the most popular cryptocurrency wallets globally, known for its ease of use and robust security features. Functioning primarily as a browser extension and a mobile app, MetaMask provides a gateway for users to interact with Ethereum’s decentralized ecosystem and other compatible networks. It facilitates seamless access to decentralized applications (DApps), token swaps and the broader Web3 environment.
Tether, on the other hand, is a cornerstone of the stablecoin market. Its role in the crypto market is pivotal; it aims to provide a stable digital asset pegged to the United States dollar.
As a bridge between fiat and cryptocurrencies, USDT enables faster, less expensive transactions than traditional banking systems, and its integration into MetaMask opens up a wide range of opportunities for users to leverage its stability within their digital asset portfolios.
This article provides an overview of certain requirements before moving USDT to MetaMask, the procedure of adding USDT to MetaMask, receiving USDT in MetaMask, tracking USDT transactions on MetaMask and troubleshooting common issues with USDT in MetaMask. Read More
What’s Wrong With News And Social Media Today?
A democratic society values a free-flowing media ecosystem. A healthy media ecosystem is one of the characteristics of a democratic society. Mass media outlets such as newspapers and cable TV networks were prominent in the past. Today, the internet and social media platforms allow for greater communication across society.
Journalism, investigative correspondents, and even freelance writers are essential to that ecosystem. High-quality reporting revealing brutal truths and users' scope and exposure on social media to either create or access information are forces that can drive genuine societal change. And even keep the power structures in check.
Despite the positive aspects mentioned above, harmful practices and negative external forces related to the media ecosystem often eclipse them. These issues are usually easy to recognize once they’re identified. Therefore, it is important to acknowledge them and spread awareness about their potential risks.
Doing so will help you make informed decisions about how you use media and how it can impact your life and the lives of others. The following are a few issues pervasive in many digital news sites, forums, and social media platforms. Read More
Markethive Media has embraced blockchain technology and cryptocurrency, building an ecosystem that belongs to “we the people,” eliminating many of the issues plagued by media outlets today. With its meritocratic culture, dynamic social media interface, and growing community, Markethive is enhancing and bringing the platform into the future internet with new technology and interfaces, but still in keeping with the human touch.
DApp developers can benefit from decentralization without compromise: Here’s how
Web3 innovators are creating an alternative to the centralized giants that dominate the middleware space.
Supporting an inclusive Web3 era with innovative data indexing tools, SubQuery Network is building a more accessible and robust digital future powered by decentralized middleware.
Middleware plays a crucial role in decentralized applications (DApps) by bridging the gap between blockchains and user interfaces. It encompasses various components such as indexers, which organize blockchain data, and remote procedure calls (RPCs), enabling network interactions to function as if they were local. Additionally, middleware includes oracles and decentralized data storage services, which are software solutions that transfer real-world data to the blockchain.
While middleware enhances the scalability and usability of DApps, its inherently centralized structure poses significant challenges. This centralization can lead to instability and risks a single entity gaining control, which threatens the core principles of decentralization within the Web3 ecosystem.
To address these concerns, the Web3 community is actively developing alternatives to reinforce the decentralization of the middleware layer. These efforts ensure the infrastructure remains robust and true to the decentralized ethos. Read More
Orbs VP Ran Hammer Says Future of Defi 'Hinges on Liquidity Aggregation'
Although decentralized finance (defi) platforms have traditionally focused more on maintaining liquidity and volumes in their respective pools, Ran Hammer, the vice president of business development at Orbs, believes that “the future of defi hinges on liquidity aggregation.” According to Hammer, this shift is evidenced by the emergence of dominant aggregators that optimize trades by tapping into all available liquidity sources.
In his written responses sent to Bitcoin.com News, Hammer stated that these aggregators, such as Uniswapx, Cowswap, or Jupiter, “outsource the complexity of routing to a network of third-party fillers, also known as solvers.” These solvers execute swaps using on-chain third-party liquidity sources, enabling them to improve execution prices on most trades.
However, as the defi ecosystem moves towards the much-needed liquidity aggregation, Hammer identified the current fragmented state of this landscape as the “most significant hurdle” preventing defi protocols from competing with centralized exchanges (CEXs). Read More
Solana Developers Deploy Fixes to Mainnet to Address Network Congestion
Developers of the Solana blockchain are developing fixes to address the issue of network congestion in their blockchain. Anza, a Solana-focused developer collective, announced the release of v1.17.31, recommending it for general use. At the time of writing, almost 90% of the validators, nodes that help secure the network and broadcast transactions, had upgraded to this new software.
The update includes modifications regarding how the software deals with “super-low stake” validators. It also addresses problems with QUIC, a transport protocol believed to cause some of these congestion issues. Rex St. John, head of developer relations at Anza, stated that the results of this patch seemed good, but that work on the next patches will be delayed.
Due to a rise in transactions involving meme coins and other tokens, Solana’s network has been unable to recover its operativity levels since more than a month ago, remaining congested. Currently, Dune dashboards show that 7 of every 10 non-voting transactions fail. Read More
Merlin Chain ‘sets new standard’ for blockchain security with chain architecture
Merlin Chain, a specialist in Bitcoin-native layer 2 (L2) protocols, has rolled out a comprehensive suite of security measures alongside what it describes as revolutionary chain architecture.
This initiative follows the platform’s remarkable achievement of securing a $3.5 billion Total Value Locked (TVL) just 30 days after its mainnet launch, attracting an impressive cohort of over 200 projects to its rapidly expanding ecosystem.
At the heart of Merlin Chain’s ethos is a commitment to robust security, a principle that has guided the platform since its inception. By forging alliances with premier security experts, Merlin Chain has meticulously crafted a secure haven for user assets, effectively shielding them against a myriad of potential threats. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
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