Dappsgram Crypto News (2024)

05/06/2023

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18/02/2023

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💰 Polygon To Launch Mainnet Beta For zkEVM Layer 2 Next Month

The main network for Polygon’s zero-knowledge Ethereum Virtual Machine (zkEVM) beta went online on March 27. Polygon is an Ethereum scaling experiment. Ethereum will be compatible with Polygon’s zkEVM network without requiring any major modifications from developers.

zkEVM will be a zero-knowledge or ZK-Rollup that prioritizes security while doing off-chain calculations on a secondary layer enabling quicker and less expensive transactions. The goal is to increase the scalability capabilities of the Ethereum network. The network is anticipated to support the same code as Ethereum, according to Polygon, which says that its zkEVM will be identical to Ethereum’s Virtual Machine. This means that programmers won’t need to make major adjustments in order to port Ethereum apps to the zkEVM network.

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18/02/2023

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👟 GMT token airdrop on way for early Stepn NFT holders

Move-to-earn crypto platform Stepn is set to airdrop its GMT tokens to holders of its Genesis sneaker NFT collection. The airdrop is based on a snapshot taken on Feb. 12. A snapshot is a static record of a blockchain at a particular point in time. Snapshots are used for retroactive airdrops to filter eligible users. In Stepn’s case, the snapshot selected its Genesis sneaker holders. Stepn launched this collection in August 2022. The snapshot criteria also designated holders who had their NFTs in their spending wallets. Users who listed their Genesis sneaker NFTs for sale are not part of the airdrop. Some community members, however, faulted the decision to restrict the airdrop to what they described as a small fraction of the project’s community.

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24/01/2023

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Circle To Launch Cross-Chain Transfer Protocol To Foster More Secure Apps Built On USDC

Circle is implementing a protocol that helps foster more scalable, efficient, secure and user-friendly apps built on USDC. CCTP is an architecture that can support USDC-based programs that are more scalable, effective, secure, and user-friendly.

Circle CEO Jeremy Allaire tweeted that Circle’s Cross-Chain Transfer Protocol (CCTP) will be launched soon. This infrastructure helps build more scalable, efficient, secure, and user-friendly applications based on USDC. Instead of locking native USDC on the source chain, which could pose a security risk, and minting a synthetic or bridged version of USDC on the destination chain, which leads to fragmentation of liquidity and a subpar user experience, CCTP eliminates the need to use a traditional “lock-and-mint” bridge.

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19/01/2023

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🪙 Binance Just Burned Nearly 600 Million USD BNB

Binance has just finished burning nearly 600 million USD of BNB – the plan to burn BNB takes place in accordance with Binance’s commitment. The Pioneer Burn Program resulted in the burning of 7,181 BNB. The actual BNB burned by Auto-Burn is 2,057,313 BNB.

Binance has committed to burning 100 million BNB, or half of the total supply, since the inception of BNB and Binance in 2017. The amount of BNB burned is automatically determined using the Auto-Burn BNB feature. At the time of writing, the price of BNB had increased to $300 and had remained primarily in this range for the previous two days. This coin’s value has increased by 10% in the last 7 days. Binance the 22nd BNB burn has been completed by BNB Chain, and this is the first quarterly BNB burn of 2023.

18/01/2023

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Visa Has Approved Alchemy Pay As An Official Service Provider For Cryptocurrency Purchase In 173 Countries

Alchemy Pay, a blockchain payment system, has formally announced that Visa has classified it as an official service provider and that it has been added to Visa’s third-party agent (TPA) program.the Payment Card Industry Data Security Standard (PCI DSS), and other applicable security standards.

TPAs are agents who are not directly connected to VisaNet but provide payment-related services to customers and/or store, process, or transmit Visa cardholder data. All organizations offering solicitation activities, managed services, and/or storing, processing, or sending cardholder data for clients must register as agents (or on behalf of their merchants or agents). The customers must conduct due diligence checks to verify that they understand the agent’s business model, financial condition, background, and PCI DSS compliance status.

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08/01/2023

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The Bank Of France’s Governor Wants To Regulate Crypto Ahead Of The MiCA Criteria In 2024

The governor of the Bank of France, has begun the process of setting harsher rules to regulate crypto firms operating in France. The European Union’s Crypto Asset Market Regulation (MiCA), which will act as a springboard to enable a block-wide licensing framework for cryptocurrency enterprises.

Francois Villeroy de Galhau, the governor of the Bank of France, has begun the process of setting harsher rules for crypto firms operating in France. The European Union’s Crypto Asset Market Regulation (MiCA), which will serve as a springboard to enable a block-wide licensing regime for cryptocurrency companies and is expected to be voted on in February of this year for implementation in 2024, will come before this. MiCA stands for Market Infrastructure for Crypto Assets.

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07/01/2023

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📣 MetaTdex becomes first decentralized exchange to obtain Dubai DMCC license

DMCC is an independent government organization, which exercises supervision and management functions on enterprises such as trade, operation, investment behavior, and financial products in accordance with the law. As the regulator of Dubai's banking, securities, foreign exchange, and other important parts of Dubai's financial system, DMCC is an important part of Dubai's financial system. DMCC's regulatory licenses are divided into three categories: trading licenses, service licenses, and industrial licenses. MetaTdex has obtained the trading license ( No.DMCC-870791 ), which means that it has obtained the authority to provide all encrypted digital asset exchange services in Dubai, including BTC(Bitcoin), ETH(Ether), USDT (USDT token), and more.

05/01/2023

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US Federal Reserve Warns Banks Of Digital Asset Risks After FTX Collapse

Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) underlined vulnerabilities they perceive in the crypto industry and reminded banks of their safety and soundness requirements.

The regulators highlighted a few red flags for those wishing to go deeper into crypto-related activities, even if the statement noted that banks aren’t forbidden from doing business with organizations that operate within the law. The statement was sent following a turbulent year for cryptocurrencies that, in the opinion of detractors, exposed potential systemic flaws. The algorithmic stablecoin TerraUSD.

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04/01/2023

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Coinbase Users Who Sued The Firm Refuse To Reveal Account Information

Coinbase users were refusing to reveal essential account information, causing the proceedings to be delayed. Plaintiffs in a class action lawsuit against Coinbase who suffered damages as a result of unlawful digital asset transfers are apparently delaying the case.

According to a new Bloomberg Law, the users who are suing the leading US-based crypto exchange are refusing to reveal essential account information, causing the proceedings to be delayed. The plaintiffs have agreed to reveal the information, which includes emails, usernames, and Ethereum (ETH) addresses, in return for a court-ordered protection order, according to Bloomberg Law. terms of service as the standard method for resolving disputes with customers.

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03/01/2023

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Ripple Now Can’t Be Sued Again, Says Attorney Jeremy Hogan

On December 30, 2022, Jeremy Hogan, a partner at the American legal firm Hogan & Hogan who has been actively watching and commenting on the United States Securities and Exchange Commission’s case against Ripple, stated why he buys $XRP.

Previously, the SEC said on December 22, 2020, that it had filed a lawsuit against Ripple Labs Inc. and two of its executives, both of whom are also substantial security holders, charging that they raised over $1.3 billion through an unregistered, continuing digital asset securities offering. a partner at the American legal firm Hogan & Hogan said he owns XRP because Ripple can’t be sued again.

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30/12/2022

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Uniswap V3 was the most used Ethereum contract in 2022

Uniswap V3 has become the most popular Ethereum contract in 2022, ranking first when it comes to total gas used throughout the year. Uniswap V2 also saw 17% of its transactions reverted, the highest percentage out of all of the most popular Ethereum contracts.

According to data from Dune Analytics, Uniswap V3 used up over 2.8 million gas in 2022. This is more than three times higher than the amount of gas consumed in Uniswap V2, showing that users have flocked en masse to the DEX’s newest iteration. Uniswap V2 also saw 17% of its transactions reverted, the highest percentage out of all of the most popular Ethereum contracts.

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29/12/2022

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Polygon Network To Go Deep Into PFP And Art In 2023

Polygon Studios CEO Ryan Wyatt announced that Polygon Network will go big into PFP and art in 2023.Polygon expanded marketplace and wallet integrations in 2022 with partnerships across OpenSea, Magic Eden, Coinbase, Robinhood and Phantom, as well as went big into gaming, DeFi and music.

According to Ryan Wyatt, Polygon also made significant investments in gaming, DeFi, and music, in addition to expanding its marketplace and wallet integrations in 2022 through partnerships with OpenSea, Magic Eden, Coinbase, Robinhood, and Phantom. Polygon companies team has been working to create a set of technologies to handle the ensuing issues.

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28/12/2022

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Shenzhen Police Arrested 15 Crypto Criminals For Scamming About $31.6 Million

Shenzhen police have successfully arrested 15 crypto criminals for crypto fraud up to 220 million yuan (about $31.6 million). 1,500 victims were scammed through a fake cryptocurrency trading platform.

Amin gathered Ah Hua and others to illegally set up a fake digital exchange platform through setting up servers abroad, and go online to operate and trade the coins created by Amin. He created himself to scam immature investors. This coin is known as a digital currency according to blockchain technology, but it is actually an illegal platform-issued virtual currency.

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26/12/2022

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💰 1inch Network Introduces Fusion Update for DeFi Swaps

The popular DEX aggregator announced the launch of Fusion, which focuses on the 1inch Swap Engine and aims to enhance user experience with DeFi swaps. Users will be able to choose between three options with the Fusion mode. The press release shared with CryptoPotato informed that 1inch Swap Engine “facilitates Fusion, which empowers DeFi users to place orders with a specified price and time range, paying no network fees.”. The team said Fusion mode allows users to swap tokens on various decentralized exchanges without paying any network fees, “at the most favorable rates.”

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26/12/2022

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📣 SharDex, the first all-in-one decentralized exchange in the Shardeum ecosystem

SharDex, the first all-in-one decentralized trading platform on Shardeum, announced that it will launch on testnet and release an airdrop soon. SharDex is a brand-new decentralized trading platform launched on the Shardeum blockchain that aims to provide users with the best on-chain asset trading experience. It provides a group of asset management solutions, including Bridge, Swap, NFT Marketplace, Launchpad, DAO etc. These functions help users transfer assets from other chains to Shardeum and exchanged them for other assets with an easy-to-use, secure and affordable path. SharDex officially stated that “we deeply agree that Shardeum is a blockchain that truly advocates decentralization, scalability, and security. They are open, collaborative, and community-driven. This is without a doubt our value proposition as well. We believe the future of blockchain needs faster TPS, richer products, and of course, a trustworthy and entrusted decentralized exchange.”

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26/12/2022

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🪙 1INCH One of the Top Most Purchased Tokens by 500 Biggest ETH Whales

The crypto whale tracking website, Whale Stats, took to Twitter early on December 21 to announce that 1inch Network (1INCH) is among the top 10 tokens that were purchased by the top 500 biggest Ethereum (ETH) whales over the last 24 hours.The crypto market tracking website CoinMarketCap indicates that 1INCH is currently trading hands at $0.3975 after a 0.14% drop in price over the last day, and after reaching high of $0.4054 over the same time period. The crypto is also still in the red by more than 9% over the last week.In addition to this, 1INCH weakened against the two biggest cryptos in the market, Bitcoin (BTC) and Ethereum (ETH), by about 0.20% and 0.22% respectively. Also in the red zone is 1INCH’s 24-hour trading volume which currently stands at $12,075,983 after a more than 27% decline over the last day.

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26/12/2022

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🪙 PancakeSwap Launches Syrup Pools on Aptos, Now Top Aptos DEX

PancakeSwap has another incentive for users to migrate over to Aptos with the latest development. PancakeSwap has continued its migration to Aptos by adding CAKE Syrup Pools to its offerings on the nascent network. The move is the latest since the Farms release of the PancakeSwap domino effect into Aptos. The latest product offering on Aptos from the largest decentralized exchange (DEX) from BNB Chain––announced via Medium post by Chef Berries on Dec. 20––brings versatile CAKE utility to the Aptos network. Syrup Pools let users deposit CAKE and start earning. The first token in the Syrup Pool to earn will be stAPT, secured through Ditto Finance.

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26/12/2022

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🪙 Uniswap to allow users to buy cryptocurrency using debit and credit cards

Decentralized exchange Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers. The bank transfer option is being rolled out for users within most U.S. states, Brazil, the United Kingdom and the Single Euro Payments Area, also known as SEPA. In the announcement made on Dec. 20, Uniswap shared that its users will now be able to convert fiat to cryptocurrency on the Ethereum mainnet, Polygon, Optimism, and Artibrum in a matter of minutes. According to Uniswap, decentralized exchanges (DEX) are a much safer option than centralized exchanges (CEX) because of their built-in user protection, self-custodial wallets, permissionless, immutable protocols and transparent public ledger.

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26/12/2022

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🇳🇬 The LBank Supports Nigeria To Legalize Cryptocurrency As An Investment Asset

LBank Applauds Nigeria’s Push to Recognize Cryptocurrency as Investment Capital, in which Nigeria has proposed significant laws that will further foster bitcoin use in the country of over 200 million people.

The Nigerian Securities and Exchange Commission (SEC) will recognize cryptocurrencies and other digital assets as capital for investment if the Investments and Securities Act, 2007 (Amendment) Bill is passed. In an interview with local media outlet Punch, Babangida Ibrahim, Chairman of the House of Representatives Committee, stated that the proposed bill will outline the roles of the Central Bank of Nigeria and the country’s SEC in reference to cryptocurrencies.

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25/12/2022

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📣 Cosmos Omni-Chain DEX Sifchain’s RedStarling Validator Shutting Down

The core developer of Cosmos Omni-Chain Decentralized Exchange, Sifchain, said that the RedStarling validator will be shutting down. As per a message on RedStarling’s website, Sifcore employees have been abruptly stopped from receiving wages since mid-October. As a result, employees were suggested to shift their assets to other Cosmos Dex.The post further said anyone with assets on the Sifchain’s Peggy Bridge is recommended to “get them off” as soon as possible. The post claimed that the Peggy Bridge is under Jazear’s control.The post Cosmos Omni-Chain DEX Sifchain’s RedStarling Validator Shutting Down appeared first on Coin Edition.

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23/12/2022

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⚡️ FTX's FTT token labeled a security in SEC complaint

The U.S. Securities and Exchange Commission labelled FTX's exchange token, FTT, as a security — putting other exchange tokens in the spotlight. The regulator’s complaint specifically noted that FTX used proceeds from the token’s sale to fund its business efforts.

The U.S. securities regulator added: "The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token.". The FTT materials made clear that FTX’s core management team’s efforts would drive the growth and ultimate success of FTX," the complaint states.

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23/12/2022

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🏦 Kraken settles Iran sanctions violations with U.S. Treasury

Crypto exchange Kraken agreed to settle with the Treasury Department's Office of Foreign Assets Control over the firm’s apparent violations of sanctions against Iran. Kraken, which voluntarily disclosed the violations, has agreed to pay $362,000.

The settlement marks the fourth time OFAC has settled with a crypto firm, following agreements with BitGo, Inc., BitPay, Inc., and Bittrex, Inc. OFAC is a sanctions office within the U.S. Treasury Department. For several years, Kraken processed $1.7 million in transactions for users who appeared to be located in Iran. The 826 transactions occurred between October 2015.

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21/12/2022

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📣 Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs

Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made some changes and adapted to the current shaky economic atmosphere. Meta, the social metaverse company, is planning to continue to develop metaverse and VR-related projects during 2023. In an article written on Dec. 19, Andrew Bosworth, head of the metaverse division called Reality Labs, explains that while the company has suffered major drawbacks due to the economic downturn, it will still be pushing its new vision forward.

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20/12/2022

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📣 Torah Finance: Decentralized Exchange for Liquidity Providers, Free Airdrops for $CRV, $UNI Holders

2022 has been an eye-opening experience for the collective crypto industry. Major organizations that demonstrated strength and profitability in 2020-2021, faced massive setbacks that pushed certain associations toward bankruptcy. One of the major examples was FTX, the centralized exchange which faced a liquidity crisis and eventually collapsed. The incident highlighted issues with liquid funds, which re-opened the debate about whether decentralized exchanges are the better option.Now, Torah Finance is creating a solution that will allow better control over digital assets while allowing users to be assured about their funds.

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20/12/2022

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💰 Stablecoins worth $4B exited exchanges in last 7 days

Data analyzed by CryptoSlate analysts revealed that around $4 billion worth of stablecoins left the exchanges over the past seven days, leaving a volume of $38 billion. The green line on the chart below reflects the total volume of the stablecoins.

According to the data, the exchanges started accumulating stablecoins at an increasing rate in January 2021. The growth has been more or less stable since then, except for a few downfalls during late 2021 and 2022. The chart also shows a visible drawdown recorded over the past week. Exchange users purchased around $4 billion worth of stablecoins and removed them from the exchanges’ portfolios.

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20/12/2022

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🇳🇬 Nigeria set to recognize crypto as an investment class

Nigeria lawmaker Babangida Ibrahim said that the country is set to recognize cryptocurrencies as an investment class in its proposed investments and securities amendment bill, local Punch news reports.

The amendment bill passed the second hearing will allow the Nigerian Securities and Exchange Commission (SEC) to recognize cryptocurrency as capital for investment. About a year ago, the Central Bank of Nigeria (CBN) ordered financial institutions to close the bank accounts of entities facilitating crypto-related transactions. crypto transactions in Nigeria rose by 16%, accounting for over $400 million, by February 2022.

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18/12/2022

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FTX bankruptcy case inches closer to potentially naming creditors

Lawyers for beleaguered crypto exchange FTX did not object to media arguing in the firm’s bankruptcy case, taking a step toward potentially identifying customers tied up in the collapse. media arguing in the firm’s bankruptcy case during a hearing on Friday morning.

Both parties appeared before a Delaware bankruptcy court judge Friday morning to hash out how the court would handle the disagreement. FTX has more than 100,000 creditors, and the top 50 could be owed $3.1 billion. Finger noted that some FTX creditors have already become public after the U.S. Trustee in the case identified members of a creditors committee. FTX attorney Brian Gluckstein did not object to media outlets arguing in the case.

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18/12/2022

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Core Scientific Stock Price Doubles Following $72M Financing

Bitcoin mining firm Core Scientific has seen its stock price double in the past 48 hours, from a low of $0.15 to a high of $0.46, following $72 million in financing from B. Riley. The news comes after Core Scientific, one of the largest crypto-mining firms in the U.S.

These business concerns culminated in Core Scientific announcing earlier this year that it would be suspending principal and interest payments due in October and early November to several of its equipment lenders and debtors. The announcement also highlighted the possibility of the firm’s bankruptcy. B. Riley is a diversified financial services business specializing in investing in small and medium-sized firms.

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17/12/2022

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💰 Solana DeFi Exchange Raydium Hacked for Over $2 Million

After struggling to recover from debilitating damage wrought on the network by the stunning downfall of one of its most prominent backers, disgraced FTX founder Sam Bankman-Fried, Solana has now suffered a significant hack to one of its largest DeFi .Early Friday, Solana DeFi protocol Raydium announced that a hacker had managed to overtake the organization’s “owner authority,” and used that access to begin draining Raydium’s liquidity pools. DeFi tools allow users to trade, borrow, and lend crypto assets among each other, without third-party intermediaries. And automated market makers like Raydium accomplish this by allowing users to contribute assets to a pool, often in exchange for token rewards.

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