Adoption

Shibarium, Shiba Inu’s layer-2 blockchain, sees massive adoption, adding over 375,000 wallets in three days, addressing Ethereum’s challenges. Shibarium’s transactions surged, hitting nearly one million in 24 hours, with a whopping 958,440 transactions, highlighting its growing ecosystem activity. Shibarium, the layer-2 blockchain solution within the Shiba Inu ecosystem, has experienced a significant surge in adoption, marked by the addition of over 375,000 wallets in just three days. This rapid influx of new users highlights the platform’s growing popularity and its…

Singapore, Singapore, April 17th, 2024, Chainwire Ontology Network, a leading public blockchain, has announced a $10 million fund, designated in ONT & ONG tokens, to accelerate the adoption, education, and development of decentralized identity (DID) solutions. This initiative is tailored to catalyze innovation across four critical areas: DID Education, ONT ID Technical Tutorials, ONT ID Adoption, and Building with ONT ID, ensuring a robust ecosystem for users, developers, and businesses alike. Ontology's Pioneering Journey in Decentralized Identity It's important to…

[PRESS RELEASE – Singapore, Singapore, April 16th, 2024] In a significant move towards expanding its reach and capabilities, Saakuru Labs has successfully raised $2.4 million in an oversubscribed private funding round. This infusion of capital is earmarked for accelerating the adoption of the Saakuru Protocol, which has shown remarkable growth and traction in the GameFi sector. The Saakuru Protocol, known for its innovative approach to blockchain scalability and efficiency, has already made a mark with over 430,000 wallets holding assets…

Bitcoin’s dominance within the cryptocurrency market has reached a three-year high, signaling strong demand for US spot Bitcoin ETF holding the largest digital asset and a challenging period for smaller tokens. Bitcoin accounted for nearly 55% of the $2.4 trillion digital asset market at the end of last week, a level not seen since April 2021. On Saturday, in particular, BTC’s dominance jumped to 57% as it briefly touched the $67,000 mark.  The next largest tokens by market share include…

Ripple’s CBDC platform offers the best chance for the network to gain mass recognition and conquer the trillion-dollar market. Ripple commands a lead in the market and is already working with over 20 countries that are in different stages of their CBDC development. Ripple Labs has developed a Central Bank Digital Currency (CBDC) platform. The platform can be leveraged by world governments and financial institutions to create, develop, and distribute digital assets. With this platform, Ripple has established itself as…

Tokenized debt facilitates new investment opportunities in El Salvador’s real estate through Bitcoin. Investors can engage with a minimum of $1,000, enjoying returns and benefits like free accommodation. In a significant move, El Salvador, following a detailed financial report by CNF, is once again at the forefront of integrating cryptocurrencies into its financial landscape. The country is making headlines with its latest venture, the financing of a new Hilton hotel using Bitcoin-powered tokenized debt. Financing Innovation through Tokenized Debt The…

The Dencun upgrade was among the most significant in the history of Ethereum, reducing fees by up to 90% while introducing Vitalik Buterin’s proto-danksharding data storage formula. Layer 2 networks on Ethereum were the biggest gainers, with Arbitrum and Optimism doubling their transaction count as Base surged sixfold. The Dencun upgrade went live on March 13, ushering Ethereum into a new world of efficiency and low fees. Since then, its impact has been felt, especially with the Layer 2 networks,…

[PRESS RELEASE – London, UK, April 9th, 2024] CBPAY Token Airdrop campaign launches on XDB CHAIN in conjunction with the announcement of a major travel payments partnership between Coinbar and Tech scale up Utravel by Alpitour Group. In a pioneering move set to redefine the intersection of the cryptocurrency and travel sectors, XDB CHAIN is thrilled to unveil the launch of the CBPAY Airdrop. This groundbreaking development is part of a broader initiative, announcing a major tech ecosystem partnership in…

Ripple’s impending stablecoin launch aims to penetrate the $150 billion stablecoin market, potentially influencing XRP’s price and overall adoption. The stablecoin, pegged to the U.S. dollar, positions Ripple as a direct competitor to dominant players like Tether and Circle. Ripple, a leading entity in the cryptocurrency sector, is gearing up to unveil a stablecoin tied to the U.S. dollar later this year. This strategic pivot occurs amidst challenges in Ripple’s existing business model, which is centered around the XRP Ledger,…