Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
IOTA
IOTA EVM Joins ChainPort’s Ecosystem, Enabling Feeless Token Bridging
ChainPort has announced the integration of IOTA EVM as the 24th chain supported on its ecosystem and opening up new opportunities for its users. The integration allows developers to bridge tokens to and from the IOTA ecosystem through ChainPort and gives them access to a scalable network with feeless transactions. ChainPort, a cross-chain bridge that offers full interoperability and enhanced security, has announced the integration of IOTA EVM in its ecosystem. ChainPort completed the integration this week, making IOTA EVM…
11 months ago
IOTA EVM Gets Boost with Goldsky’s Cutting-Edge Data Solutions
Goldsky has integrated IOTA EVM, streamlining data access and enabling real-time analytics for applications. Goldsky’s tools enhance data accessibility, making development on IOTA EVM more efficient and cost-effective. In the latest development, the IOTA Foundation announced the recent integration between the IOTA network and data solutions platform Goldsky to boost the capabilities of the IOTA EVM. Goldsky is a leading indexer in the crypto space and empowers several cryptocurrency businesses in order to build rich, instant, and data-driven experiences. Furthermore,…
11 months ago
IOTA News: Shimmer Network Elects New Leaders for Tangle Community Treasury and Grant Committee
IOTA has announced the results of its Shimmer governance voting on the Tangle Community Treasury that was held between June 17 and July 2. The community has elected Linus Nauman as the new Program Lead for the Treasury, with four others, including Nicole O’Brien and Yi-Wei Lin, getting into the Grant Comittee. In its spirit of decentralized democracy, IOTA has announced the results of the voting process that took place over the last two weeks of June to select new…
11 months ago
IOTA for Businesses: Understanding Key Features Like Microtransactions, Scalability, and Data Integrity
IOTA’s infrastructure ensures robust data security through advanced cryptography and offers high network scalability to handle numerous participants and transactions, which is essential for businesses. IOTA is driving the transformation of the global digital economy by providing a scalable, decentralized infrastructure based on the IOTA Tangle. The global digital economy of the near future presents both exciting opportunities and significant challenges. As technological revolutions reshape the landscape, new business models and job creation avenues are emerging. IOTA is at the…
11 months ago
IOTA Partners with Tokeny to Enhance Enterprise Tokenization in Trillion-Dollar Market
IOTA has partnered with Tokeny Solutions, a leading compliance infrastructure for digital assets, for enterprise-level tokenization and on-chain compliance into the IOTA EVM. Founder Dominik Schiener says that the partnership ” aligns with our mission to democratize access to tokenized RWA and financial instruments in our ecosystem.” As tokenization becomes the biggest application of blockchain technology and attracts enterprise users, compliance and security are becoming critical considerations. To address this, IOTA has partnered with Tokeny Solutions, one of the world’s…
11 months ago
IOTA Foundation’s Q2 2024 Report: EVM Launch, Testnet Progress, and Strategic Advances
IOTA’s Q2 2024 report highlights the IOTA 2.0 Testnet launches, including PoS consensus and Mana, for a greener and more efficient network. The IOTAGrants initiative allocated $2.74 million to 25 projects, enhancing the DeFi ecosystem and advancing global trade and regulatory collaborations. According to the Q2 2024 Progress Report dated July 2, 2024, significant strides were made in fostering business-to-business integration. The IOTA Foundation’s development during the past quarter included the launch of the IOTA EVM chain, advancements in decentralization…
11 months ago
IOTA Grants Update: $2.74M Awarded to 25 Projects in DeFi, NFT, and SocialFi
The IOTA Grants Program has announced funding for 26 out of 99 applications, totaling $2,744,000, to support various DeFi projects, including lending, NFT marketplaces, SocialFi, and tooling. Take a look at the exciting news about the five projects below that have been beneficiaries of the IOTA Grants program. The IOTA Ecosystem DLT Foundation’s Grants Program continues to support innovation in the digital asset space. To better inform the community, the Foundation will now provide updates more frequently. In the latest round…
11 months ago
IOTA 2.0 Thrives with a Thrilling New Project in Development
IOTA 2.0 is thriving with a thrilling new project in development. The community eagerly anticipates the testnet debut, with significant advancements underway. Following the shedding of 2.55% in the past day of when the IOTA 2.0 Testnet Launch reported by CNF, signaling a growing interest in the IOTA market. In the meantime, the current state of IOTAcore on GitHub shows that the developers are through with their task and can only proceed once it debuts on the testnet to the…
11 months ago
IOTA Joins EU EBSI Finalists Chromaway and BillonGroup in Presenting Pioneering Use Cases
Christoph F. Strnadl, Director of Technology Adoption at IOTA, highlighted outcomes from the EU Commission workshop in Brussels on NFT- and smart contract-based IPR management. Strnadl also underscored the collaborative spirit among EU_EBSI PCP finalists—Billon Group, Chromaway, and IOTA—at the workshop. Christoph F. Strnadl, Director of Technology Adoption at IOTA, shared insights from the recent EU Commission workshop on NFT—and smart contract-based IPR management held in Brussels. The workshop featured presentations and discussions from the three PCP finalists: IOTA, Chromaway,…
11 months ago