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3433 result(s) found.

Inery Token $INR Goes Live on BitMart Exchange

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Singapore, Singapore, 11th November, 2022, Chainwire

$INR is live on BitMart Exchange after several strategic partnerships and a successful listing on Huobi Global. The deposit feature opened on November 9, and the trading feature is set to open on November 11. The BitMart listing comes after the community’s request and voting to list the $INR token on the exchange.

Inery is a proprietary layer-1 blockchain specifically designed to address database management to fuel a paradigm shift in how data is handled. Inery’s native token, $INR, is to be listed on one of the leading and most trusted cryptocurrency exchanges in the world, BitMart, which serves over 9 million users in 180+ nations and supports 800+ crypto trading pairs and over 750 high-quality cryptocurrencies. This opens up an opportunity for Inery to spread its offerings to a wider audience and change the perception and approach to data management while providing value to the everyday user.


Ambitions to Decentralize Data

The way the Inery ecosystem is structured is in a way that breaks entry barriers to Web3. It combines the best of both worlds, the conventional and Web3 spaces, by integrating blockchain functionalities and distributed database properties; and provides an easy-to-use interface to enable the everyday user to easily communicate with the blockchain using layman-level language. Its high-performant, security, and scalability gives Inery different use cases in diverse sectors, including real estate, gaming, finance, governments, healthcare, etc.

Inery also aims to provide interoperability between chains, among other industries, without compromising on performance, scalability, and security. Built atop the proprietary layer 1 blockchain running on memory nodes, its decentralized database management solution (DBMS) enables users to perform CRUD operations as well as have complete ownership and control over their data, such that only users with predefined permissions can access it. This is essential in the technological era where user-generated content and big data are streaming in, and the physical world migrates to the virtual realms but is exposed to big tech manipulation, breaches, losses, etc. 

The $INR token is essential in securing and powering the ecosystem and as a unit of exchange for accessing the decentralized storage of Inery DBMS.


Milestones

This subsequent listing comes barely over a month since the INR token was successfully listed on Huobi, where it was well received. Prior to that, Inery had launched its first public testnet and launched a set of activities where users are rewarded for completing sets of tasks. The second set of activities is currently ongoing, where the testnet has already registered 2000+ master and lite nodes from over 10 countries worldwide.

Inery has also carried out successful VC rounds, seeing firms like Metavest invest at a valuation of $128 million and Global Emerging Markets (GEM) commit $50 million. Other VC investors include Nebulous Holdings AG, Menas Global, Cap Lion Point, Truth Ventures, and Zazen. It has also strategically partnered with firms like NexBloc and EDDAVerse, and recently inked an MoU with Bharat Electronics Limited (BEL), a Navratna’s PSU that handles the entire Indian PSUs’ technical parts. The project has also been recognized as the “Best Emerging Blockchain Solution” at the Leaders in Fintech 2022 Awards.

Listing Schedule

Inery is scheduled to be listed on BitMart on November 11, with the trading pair: INR/USDT. 

  • Deposits started on 09/11/2022 at 3 PM (UTC)
  • Trading starts on 11/11/2022 at 3 PM (UTC)

About Inery

Inery is a layer-1 blockchain solution designed to open the doorway to Web3 by enabling interoperability among blockchains and a streamlined transition from Web2 to decentralization. Inery’s simple-to-use GUI breaks entry barriers to the blockchain, enabling layman-level communication between end-users and the blockchain, while maintaining high throughput, unparalleled security, privacy, data sovereignty, etc.

Contact

Director of Marketing & PR
Tijana D Gertner
INERY PTE. LTD.
tg@inery.io

The web3 gaming company Kryptomon partners with Unstoppable Domains

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Leeuwarden, Netherlands, 11th November, 2022, Chainwire

The web3 gaming company Kryptomon which develops the living-NFT-powered metaverse game combining Play-and-Earn gaming mechanics, announced today its partnership with Unstoppable Domains, the leading provider of Web3 domains.

The partnership features an exclusive collaboration between the two brands that will grant Kryptomon NFT holders a unique verification badge to be displayed on their Unstoppable Domains profile. Every Kryptomon NFT holder will also receive $50 towards Unstoppable Domains, so they can secure their Web3 identity.

“Web3 domains open up exciting possibilities for gaming, giving gamers a single identity they can use to showcase their achievements, get rewarded, and more,” said Sandy Carter, SVP and Channel Chief, Unstoppable Domains. “We’re excited to team up with Kryptomom to give gamers more ways to rep their achievements on Web3.”

Umberto Canessa Cerchi, CEO of The Kryptomon Company, said about the new partnership: “We are excited to partner with Unstoppable Domains, the leading Web3 domain provider in the world, to provide our users with exclusive features to ease their use of our games and enhance their gaming experience, and we are looking forward to have a fruitful partnership for both parties for the benefit of both our users.”

The companies are also collaborating to include a unique Unstoppable Domains login system (SSO) into Kryptomon games to ease the process of login and onboarding of new players. In addition, Unstoppable Domains and The Kryptomon Company are exploring to add in the future the ability for their users to purchase unique NFT domains with the suffix “.kryptomon” and “.kmon”.

About the promotion

The Unstoppable Domains $50 gift voucher will be redeemed by Kryptomon NFT owners under the company’s website and will be delivered to the owners by email. Each code can only be used once. If users do not have an Unstoppable Domains account, they will be asked to create one. If users already have an account, they can use the store credit to buy domains right away.

In the next days, Kryptomon NFT holders will be already able to start claiming their Unstoppable Domain $50 gift vouchers on Kryptomon’s official website. 

About Kryptomon 

Kryptomon is a web3 gaming company. Set in the Kryptomon Metaverse, community members play as “Trainers,” taking care of their own NFT pet monsters, which have a unique and mutable genetic code of 38 randomized parameters that determine their physical and behavioral characteristics. They are capable of learning, falling sick, getting hungry, and protecting their trainers when out on an adventure in the physical world. In turn, trainers must care for, feed, and train their Kryptomon partners to grow and prepare for the battles ahead. Kryptomon aims to create the next step in the evolution of crypto and Metaverse gaming by using blockchain, digital genetics, and location-based technologies. To see how Kryptomon is creating its unique gaming universe, please visit https://kryptomon.co/ 

Social links

Telegram: https://t.me/kryptomonofficial 

Twitter: https://twitter.com/KryptomonTeam 

TikTok: https://www.tiktok.com/@kryptomongame

Instagram: https://www.instagram.com/kryptomonteam

Facebook: https://www.facebook.com/KryptomonTeam 

Discord: https://discord.gg/kryptomon

About Unstoppable Domains

Founded in 2018, Unstoppable Domains is a Web3 domain provider and digital identity platform. Unstoppable Domains offers Web3 domains minted on the blockchain that give people full ownership and control of their digital identity, with no renewal fees. With Unstoppable Domains, people can replace lengthy alphanumeric crypto wallet addresses with a human-readable name and log into and transact with over 200 apps, wallets, exchanges, and marketplaces. Forbes named the company one of America’s Best Startup Employers in 2022. 

Social links

Telegram: https://t.me/unstoppabledomains 

Twitter: https://twitter.com/unstoppableweb 

Instagram: https://www.instagram.com/unstoppabledomains/ 

Facebook: https://www.facebook.com/unstoppableweb/ 

LinkedIn: https://www.linkedin.com/company/unstoppable-domains/

Contact

CMO
Tomer Warschauer Nuni
Kryptomon
tomer@kryptomon.co
+972547000765

Binance Backs out of FTX Rescue Deal as BTC Plummets under $16K

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Binance, the world’s largest cryptocurrency exchange, has backed out of a deal to bail out rival exchange FTX, citing due diligence concerns.

In a statement, it said it decided to back out of the deal over “mishandled customer funds and alleged US agency investigations.” The US Securities and Exchange Commission (SEC) has opened an ongoing investigation on FTX after allegations of mishandling customer funds and crypto lending.

News of recent issues over FTX’s financial health triggered a massive $6.2 billion spike in withdrawals due to a “liquidity crunch” over a three-day period.

Binance announced on Twitter concerns over FTX were “beyond our control or ability to help.”

It continued: “Every time a major player in an industry fails, retail consumers will suffer. We have seen over the last several years that the crypto ecosystem is becoming more resilient and we believe in time that outliers that misuse user funds will be weeded out by the free market.”

SBF Net Worth Plummets amid Scandal

Sam Bankman-Fried (SBF), Founder of the FTX cryptocurrency exchange, has seen billions wiped from his personal wealth after his fortunes nosedived 94 percent, Bloomberg’s Billionaires Index revealed on Wednesday.

According to the chart, the executive formerly had a net worth of $26 billion, but now no longer appears on the list following the liquidity collapse of FTX.

Bloomberg noted that SBF’s total net worth could potentially become “eviscerated” if he sells his trading platform to rival exchange Binance.

He also held a $6.2 billion stake in FTX, or 53 percent of the company’s total shares, along with ownership of Alameda Research worth $7.4 billion in additional personal wealth.

The Index also noted that SBF’s net worth will plummet from $15.6 billion to just $1 billion, marking the “biggest one-day collapse ever among billionaires tracked by Bloomberg.”

The news comes after Binance entered takeover talks with FTX in a non-binding letter of intent this week, which the former could “pull out from […] at any time,” SBF said in a recent statement, with ongoing developments plunging FTX’s native token, FTT, 75 percent over the last 12 hours.

FTX, Binance Chiefs Address Fears FTX May Collapse over Liquidity Shortage

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FTX chief executive San Bankman-Fried tweeted on 8 November to address concerns over potential clashes with rival exchange platform Binance.

In his tweet, Bankman-Fried wrote that his company and Binance had reached an agreement on a “strategic transaction” after the latter firm nearly emptied its withdrawal backlogs. The FTX chief later urged Binance to “clear out liquidity crunches” and secure assets on an equal footing.

In a statement, Bankman-Fried said: “I know that there have been rumors in media of conflict between our two exchanges, however Binance has shown time and again that they are committed to a more decentralized global economy while working to improve industry relations with regulators. We are in the best of hands.”

Responding, Zhao tweeted that FTX had contacted his company due to a “significant liquidity crunch,” adding the transaction was a non-binding letter of intent to acquire FTX.

According to Zhao, Binance had assessed the situation “in real time” and could “pull out from the deal at any time.” 

CZ later tweeted “two big lessons,” which were to never use created tokens as collateral and not “borrow if you run a crypto business” and “have a large reserve.”

He concluded: “Binance has never used BNB for collateral, and we have never taken on debt”

FTX Struggles

The news comes just a day after Bankman-Fried slammed claims of liquidity concerns as “false rumours,” adding that FTX’s company assets were in good standing.

He wrote he had contacted the exchanges to collaborate “for the ecosystem.” Despite this, Binance stated it would remain “in the free market” rather than Alameda Research take over its FTT holdings.

Reports have noted that Binance’s acquisition of the exchange would become one of the largest in the industry, namely after Coinbase stated it was interested in buying out BtcTurk for roughly $3.2 billion USD. 

If successful, Binance would become the world’s largest cryptocurrency exchange.

According to the Financial Times, the deal poses a huge setback for FTX, namely as people view the platform as stable and assisting other exchanges amid the cryptocurrency collapse this year. FTX has offered bailout loans to several companies, including $250m to BlockFi and $485m to Voyager Digital.

Vitalik Buterin Adds ‘Scourge’ to Ethereum Roadmap

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Vitalik Buterin, Ethereum’s co-founder, recently amended his platform’s roadmap to avoid censorship and boost decentralisation of its network, it was found on Saturday.

In a tweet on 4 November, Bukerin stated the addition to the Ethereum technical roadmap, Scourge, aims to expand the number of transactions per second to 100,000 via rollups.

The news comes as Ethereum updated its platform, moving Scourge to the third stage following the platform’s proof-of-stake (PoS) network, where it remained in its Surge stage.

Scourge aims to ensure “reliable and credibly neutral transaction inclusion” while avoiding centralisation and other protocol risks from MEV [maximum extractable value],” namely amid concerns over miners exploiting transactions on its network.

MEV prioritises specific people on networks by selecting transactions to place in a block in a specific order, allowing miners to duplicate winning deals from mempools and execute transactions with priority. This has sparked concerns over Ethereum’s neutrality regarding centralisation and censorship.

The Scourge of Ethereum

In a 2020 blog post, Buterin explained that credible neutrality was where a platform “does not discriminate for or against any specific people.”

Buterin has proposed a “partial block auction” to limit an individual’s decision-making on the contents of a specific block. Additional ideas included the Single Unifying Auctions for Value Expression (SUAVE), developed by Ethereum research and development wing Flashbots.

He also told the Verge in a recent statement that Ethereum would integrate its Succinct Non-Interactive Argument of Knowledge (SNARK) on the blockchain. The new tool will boost privacy while facilitating tracing of anonymous transactions.

Catheon Gaming announces launch of Catheon Gaming Center

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Catheon Gaming, the world’s fastest-growing integrated blockchain gaming and entertainment company, is pleased to announce that the Catheon Gaming Center (CGC) is live at https://app.catheongaming.com/.

Catheon’s gaming ecosystem is supported by CGC, a highly scalable and chain-agnostic Web3 gaming distribution platform. The CGC’s mission is to create an interconnected ecosystem for exclusive Catheon Gaming IPs and a growing number of curated publishers, where users have a comprehensive overview of their in-game assets across games and interact with all blockchain elements of the game they are playing are available in one place. As the CGC evolves, it will incorporate the CATHEON token as the primary payment medium for all primary assets sold through the CGC. Users will be offered discounted prices to incentivize its use.

The initial feature set in the CGC will include a game storefront where users can browse our collection of partner games and Catheon Portfolio games and view key information, such as token prices and details on nonfungible token (NFT) collections. Additionally, there will be an NFT marketplace for Catheon Gaming titles and the additional integration of external marketplaces, such as OpenSea and Magic Eden, that can be purchased from the CGC. This process is simplified through a fiat on-ramp that will enable users to purchase assets with credit cards and their on-platform wallets.

Subsequent updates of the CGC will offer various features not yet available to users on a single platform. It will help seamlessly onboard users onto blockchain gaming through participation in NFT mints, initial decentralized exchange offerings and secondary market purchases. It will also provide users with a comprehensive overview of their blockchain assets (NFTs and tokens). With the ultimate goal of having a single place for gamers to interact with blockchain games, the CGC will also provide game-launching functionality and access to game-specific features, such as NFT rentals (scholarship), breeding and staking to improve their earning potential.

William Wu, founder and co-CEO, Catheon Gaming, commented:

“We have an extremely talented team of blockchain developers that have been working extremely closely with our gaming experts to understand the needs of gamers and developers to develop a product that does not yet exist in the market. We are extremely excited to be going live with the Catheon Gaming Center to provide users a simplified platform to interact with blockchain gaming. Looking at competitors in the space, we are confident this product will fill a gap that is truly needed to help further the adoption of blockchain gaming.”

About Catheon Gaming

Catheon Gaming, ranked by KPMG and HSBC as one of the top 10 emerging giants in Asia–Pacific, is the world’s fastest-growing integrated blockchain gaming and entertainment company. Catheon Gaming is the only end-to-end platform providing world-class technical, publishing and partnership capabilities for the world’s leading game studios, companies and brands seeking to navigate their path into Web3. By being the partner of choice, Catheon Gaming has built the industry’s largest portfolio of blockchain games underpinning our vision to revolutionize the way we play, live and earn.

For more information, please visit: https://catheongaming.com/

For media inquiries, please contact: media@catheongaming.com

Solana Exec Discusses Network Updates to Tackle Issues at Breakpoint 2022

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Anatoly Yakovenko, Solana’s co-founder, told audiences at a recent event his cryptocurrency platform had received updates aimed at improving the reliability of its network.

He stated at the Breakpoint 2022 event in Lisbon the Solana network had been plagued by numerous concerns such as network instability and downtime, adding: “We’ve had a lot of challenges over the last year, I would say this whole last year has been all about reliability.”

According to the company, Solana had faced ten outages, with the biggest taking place in January this year. The incident partially shut down the platform and hindered its operations for nearly 20 hours.

The most recent issue occurred at the beginning of October, resulting in over six hours of downtime. Additional problems in May and June triggered clock drifts, or widening gaps in real and block times, causing difficulties in validating blocks on the platform.

Tackling the Timeclock

Yakovenko explained the event that the situation worsened in June after block times “went up to over a second, which is really slow for Solana” compared to average times of 400 milliseconds.

In some cases, confirmation times took from 15 to 20 seconds, he explained.

He continued, stating: “That’s not the experience that we want to deliver and that’s a pretty bad Web2 experience when you’re competing with Google with Facebook with all these other applications.”

Recent updates and doubling the validator count allowed Solana to resolve the issue partially, he said. His company had been in a “constant fight between performance, security, throughput, and decentralization,” which resolved many of the core issues, Yakovenko added.

“[I] think we’ve done an amazing job in solving a bunch of those […] Obviously we still have challenges with outages and bugs,” he told the audience.

Problems Lead to Solutions

According to the company’s Network Performance report in late October, which documented the challenges, developers have launched several upgrades to boost performance as it scales up its platform to accommodate surging user growth.

The company enhanced QUIC for its services, which is a protocol that includes sessions and flow control. Reasons for adding QUIC include resolving UDP issues with flow control and acknowledging receipt, which fails to block abusive behaviour on the platform.

Solana also added stake-weighted Quality-of-Service (QoS), which “extends the utility of stake-weighting to transaction quality, leading to better receipt of blocks “regardless of the amount of traffic coming in from nodes without stake.”

It also introduced fee markets to back priority fees. Initially, Solana’s network processed all transactions on a “first-come-first-serve basis” but did not indicate how urgent transactions were on the platform. Priority fees will allow transactions to indicate urgency following their implementation in July this year.

XT.com Announces BIGP Listing on its platform’s Main Zone from Tuesday

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Singapore, Nov. 7, 2022 – XT.com, the world’s first socially infused trading platform, is thrilled to announce the listing of BIGP on its platform in the Main zone, and the BIGP/USDT trading pair will be open for trading from Nov. 8, 2022, at 14:00 (UTC).

  • Users can deposit BIGP for trading on Nov. 7, 2022, at 14:00 (UTC).
  • Withdrawals for BIGP will open on Nov. 9, 2022, at 14:00 (UTC).

About BIGP Token

Big Point (BIGP) is an ERC-20 standard governance token issued on the BarterSmart blockchain with a total supply of 11 million. Owners of BIGP are able to participate in the governance of the project, which supports the POINTS stablecoin (pegged to the Thai baht).

For every new subscriber in the Big Point ecosystem, the coin’s value will increase by 20 satangs (1 satang = one-hundredth of a baht). With every membership, the value and demand for BIGP will increase.

About the Big Point ecosystem (BarterSmart)

BarterSmart is a product exchange platform that brings together businesses and entrepreneurs in Thailand who would prefer to exchange goods and services with each other through a barter system. It’s a nonprofit organization that provides tools for business owners.

BarterSmart introduced the idea of combining barter trade and cryptocurrency. The platform uses Points and Big Points as its financial exchange methodology. The ecosystem contains Point and Big Point, two Thai utility tokens. Big Points are digital shares of BarterSmart. Points, on the other hand, are added according to the number of new members (for every new member, 27,500 points are added to the pool). Points can be used as an intermediary to exchange products and services in the BarterSmart community.

On BarterSmart, users can create product presentations, increase sales channels, release stock, exchange, and help and expand business with each other.

XT.com will continue to further strengthen its battle-hardened crypto listing strategies to improve the trading options for all of its users. Deposit, trading and withdrawal options will be available for both BIGP and XT holders. Everyone is encouraged to indulge in BIGP trading seamlessly anytime, anywhere without any limitations. As promised, XT.com will continue welcoming projects for crypto listings and achieve parallel growth with them.

Website: https://bartersmart.co.th/

Facebook: https://www.facebook.com/bartersmartth

Line: https://line.me/R/ti/p/@bartersmart

YouTube: https://www.youtube.com/channel/UCu6UttQn0mbkWOl7i3KTxHg

About XT.COM

By consistently expanding its ecosystem, XT.com is dedicated to providing users with the most secure, trusted and hassle-free digital asset trading services. Our exchange is built from a desire to give everyone access to digital assets regardless of where you are.

Founded in 2018, XT.com now serves more than 6 million registered users, over 500,000 monthly active users and 40 million users in the ecosystem. Covering a rich variety of trading categories together with a nonfungible token-aggregated marketplace, our platform strives to cater to its large user base by providing a secure, trusted and intuitive trading experience.

As the world’s first social-infused digital assets trading platform, XT.com also supports social networking platform-based transactions to make our crypto services more accessible to users all over the world. Furthermore, to ensure optimal data integrity and security, we see user security as our top priority at XT.com.

Website: https://www.xt.com/

Twitter: https://twitter.com/XTexchange

Telegram: https://t.me/XTsupport_EN

Mastercard Opens Crypto Startup Accelerator Programme

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Mastercard, one of the world’s top global payment system providers, has onboarded several cryptocurrency and blockchain small and medium enterprises (SMEs) to expand its fintech accelerator programme, it announced on Thursday.

Mastercard’s Start Path programme onboarded seven additional fintech startups in a bid to train, deploy, and grow crypto and blockchain-based companies using its payments system platform.

The latest cohort consists of the following companies:

  • Loot Bolt, a US company building communities with Web3-based social payment systems.
  • Quadrata, who uses privacy-focused, Sybil-resistant solutions to enhance compliance public blockchains and reduce reputational risk
  • Stable, a Colombian company providing peer-to-peer (P2P) payments and global remittances using stablecoin and related technologies.
  • Digital Treasures Center (DTC), a Singapore-based company providing transactional technologies via card, crypto, and cash, using its DTC Pay platform
  • Fasset, an Abu Dhabi digital asset exchange for emerging markets building Web3 use cases for customers to buy, sell, and own digital assets.
  • Take Back the Mic (TBTM) has developed a world-first blockchain media fintech company to reward creatives and fans with monetised content platform.
  • Uptop, a US-based company with a place for brands to build customer relationships and provide shoppers with bespoke rewards

In its statement, Mastercard explained that fintech firms played a “major role in digital transformation” with new ideas, customisation, and more choice for enterprises and consumers.

It continued: “We believe collaboration across the crypto ecosystem is essential to delivering the right solutions at the right time. From our experience innovating payments and building a global network, we believe it’s more likely that we’ll see a hybrid economy that combines the benefits of Web3 technology with existing financial infrastructure.”

Start Path Background

Mastercard launched its accelerator programme in 2014 as a six-month course designed to expand and commercialise startup solutions. Over 350 firms have joined the initiative, with startups such as Thought Machine and Zeta and Razorpay reaching unicorn status.

Start Path’s latest cryptocurrency-focused division, Start Path Crypto, opened in 2021 with a three-month programme to back crypto companies receiving seed, Series A, and Series B funding.

The news follows developments in mid-October after Mastercard unveiled its Crypto SourceTM programme, which builds crypto solutions and services for financial institutions.

The fintech giant offered a full suite of services for buying, selling, and holding crypto assets along with security and advisory services, building security and compliance capabilities for the global ecosystem.

Bitcoin ‘Extraordinarily Cheap’, Yardstick Inventor Says

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The Bitcoin Yardstick, a metric coined by Charles Edwards, chief executive of asset management at Capriole, has hit near record lows following the 2017 bull market run.

He said in a recent tweet that the Bitcoin Yardstick was “a very simple, rule-of-thumb Bitcoin valuation tool”, but was “not investment advice.”

Edwards, whose measurement calculates the ratio of Bitcoin market capitalisation to hash rate, believes that Bitcoin is oversold more than most coins, indicating how cheap buyers can purchase BTC.

Current figures show that Bitcoin’s hash rate has hit record highs, with prices falling 75 percent since its last price spike in November last year.

Speaking further in his Twitter thread, he said the Yardstick method takes the “ratio of energy work done to secure the Bitcoin network in relation to price.”

He added: “Lower readings = cheaper Bitcoin = better value.”

Concluding, he stated: “This means that on a relative basis, Bitcoin is extraordinarily cheap given the amount of energy being used on what is the most powerful computer network in the world.”

Investors interested in following his Bitcoin Yardstick equation can visit Glassnode Studio for updates.

The Bitcoin Yardstick cits the proof-of-work (PoW) concept based on the mining algorithm for the cryptocurrency network’s storage and growth value over time, as evidenced by the Bitcoin Standard authored by Saifedean Ammous.

Sources also indicate the power required for the Bitcoin network is much less than the value of traded cryptocurrencies, with crypto miners and firms alleging of unfair valuation rates.

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