Davos: Blockchain is here to stay 171

Bitcoin and blockchain has come under extreme scrutiny over the past few months and for good reason. It would be advisable to consider anything that increases in price parabolically as a very high risk. Banking bosses, politicians and TV pundits have had their say and it is usually negative but the bottom line is that the blockchain can no longer be ignored.

There is a battle going on inside the offices of the world’s financial institutions. Do they join the misinformed media and authoritarian governments and decry it or do they stand up and join those that are investing in the revolutionary technology.

Too high too fast

The problem is that financial institutions thrive on stability so they are instantly wary of anything that can shoot up by over 3000% in a year. This is exactly what the entire cryptocurrency market capacity has done, powered by its underlying blockchain technology.

In a report by the Financial Times head of emerging technology at Royal Bank of Scotland, Richard Crook, said;

“We are sitting down around this table trying to decide whose lunch we are going to eat. Because blockchain’s benefits come from decentralisation there is little point replacing one technology with another without changing the business model.” 

The looming threat to financial entities is that decentralization. It is effectively their job to centralize and control the flows of finances between countries and their citizens. Big players such as JP Morgan and Citibank are anxious because cryptocurrency goes against their business model which is making profit by controlling other people’s money. Banks also reject crypto because of its anonymity; they want to see who is sending what where, supposedly for money laundering reasons.

Davos sentiment

The World Economic Forum in Davos is holding its first session on ‘the crypto-asset bubble’ this week. Advocates of blockchain have cited their support for the technology claiming that it is resilient to censorship, fraud, and provides an immutable record of transactions. No centralized government, bank or corporation can offer the equivalent while they maintain a tight grip on finances and data.

Crypto has already entered Wall Street with a couple of major exchanges offering futures and even larger trading houses and banks offering to clear them. Energy giants are also looking towards blockchain solutions alongside medical research facilities, security companies, biotech and agricultural industries, social networks, and even some banks. Former Barclays boss, Antony Jenkins, labelled the blockchain effect as profound and went on to tell the FT;

“If you can imagine a world in which you did have one global digital currency, imagine what the benefit of that would be, imagine all the friction and the cost that would come out of the system. These things of course might be far in the future, but I don’t think they are very far in the future.”

Cryptocurrencies remain volatile by nature but it appears that the blockchain that powers them is here to stay.


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CreBit: Revolutionizing Financial Support through Blockchain and AI 7631

In an era where blockchain technology continues to reshape industries, CreDit emerges as a pioneering project with a mission to democratize financial support. Leveraging blockchain and AI, CreBit aims to provide innovative financial solutions to self-employed individuals, small business owners, and startups who traditionally face challenges in accessing financial aid.

Transforming Global Payments with Big Data

CreBit is rooted in the application of blockchain and artificial intelligence to global payment big data (#RWA). By utilizing these cutting-edge technologies, CreBit not only ensures secure and transparent transactions but also offers a robust platform for analyzing and leveraging payment data. This approach allows for more accurate and efficient financial services, tailored to the unique needs of its users.

Empowering the Underserved

One of the standout features of CreBit is its commitment to supporting those often overlooked by conventional financial institutions. This includes the self-employed, small business owners, and innovative startups. These groups frequently struggle to secure the financial backing needed to grow and sustain their ventures. CreBit addresses this gap by offering future sales receivable factoring and IT technology solutions, providing them with the liquidity and resources necessary to thrive.

Crypto Job Support and Financial Aid

Beyond business financing, CreBit extends its support to the global underprivileged by promoting crypto job opportunities and financial aid. By integrating these initiatives, CreBit not only contributes to the economic empowerment of disadvantaged communities but also fosters a more inclusive digital economy. This holistic approach ensures that financial support is accessible to a broader spectrum of society, facilitating growth and stability.

Investment and Growth

CreBit has already successfully completed Seed Round and Pre-Series A Round investments from institutional investors, and is renewing its monthly credit card payment data of 300,000 people and payment amount of over $15 million. These milestones highlight the growing trust and recognition from the financial community, further solidifying CreBit’s position in the fintech landscape.

The Future of Financial Inclusion

CreBit’s innovative use of blockchain and AI positions it at the forefront of financial technology. By harnessing the power of global payment data, CreBit is set to revolutionize how financial support is distributed and accessed. The project’s focus on inclusivity and support for the underprivileged underscores its potential to make a significant impact on the global financial landscape.

As CreBit continues to develop and expand its services, it stands as a beacon of hope for those striving to secure financial independence and success in an increasingly digital world.

CMC : https://coinmarketcap.com/currencies/crebit-ai/
Website : https://crebit.ai/
Twitter : https://x.com/CreBitAi
Telegram : https://t.me/CreBitAi

Crypto Faucets Launched by GetBlock RPC Node Provider 7489

On June 3, 2024, Web3 infrastructure innovator GetBlock, proudly announced the launch of its crypto faucets dashboard. Since the very first iterations, GetBlock faucets kit supports all mainstream L1s and L2s on Ethereum Virtual Machine. Starting today, Ethereum Sepolia and Poligon Amoy testnets are up and running alongside Arbitrum, Optimism, Base, Scroll, Blast, Linea, and zkSync Sepolia testnets for L2-focused devs.

Welcoming the latest release, GetBlock CEO Arseniy Voitenko invited all Web3 enthusiasts to try GetBlock crypto faucets: «Amidst all our recent upgrades, this one is for sure the most important release for global Web3 fam. We’re beyond excited to offer crypto developers a stack of user-friendly and secure crypto faucets for EVM blockchains. We’re sure that this product will introduce GetBlock to the new generation of devs who will be ready to launch secure and reliable apps»

Sepolia and Amoy testnets are new-gen testing environments that replaced Ethereum Goerli and Polygon Mumbai respectively. They are used to allow developers to experiment with smart contracts and dApps in a risk-free environment. As testnet tokens have zero real value, testing procedures in all these networks can’t result in funds being lost.

All Sepolia faucets are ready to on-board developers

GetBlock’s cryptocurrency faucets are available free of charge for all users registered with GetBlock regardless of their tier: users of free accounts also can claim free test ETH or MATIC from the faucets.

Users can sign up to GetBlock with either email, Google Account or MetaMask wallet. In paid tariff plans, fiat and crypto payments are available. GetBlock was the first RPC node provider to merge the benefits of Web3 authorization with the support of fiat payment methods.

To prevent the faucets from being spammed and abused, GetBlock implemented some limitations. Crypto faucets users can get 0.02 ETH every day for free. In order to start using GetBlock’s testnet faucets, the developer should have at least 0.001 ETH on his or her wallet. These limitations are introduced to ensure that all developers will be able to get test ETH as soon as possible.

GetBlock expands its contribution to global Web3 ecosystem

With new GetBlock’s crypto faucets, developer will be able to stress-test dApps on major smart contract platforms Polygon and Ethereum, dominant L2s Arbitrum and Optimism, new-gen ZK-powered platforms Scroll, Linea, Base, and zkSync. This release is a part of GetBlock’s non-profit initiatives that are set to support Web3 developers worldwide.

As of 2024, GetBlock released free-to-use explorers for Ethereum, BNB Smart Chain, NEAR Network, Harmony, and so on. With these block explorers, developers and crypto users can navigate through blocks, transactions, accounts, validators without writing a single line of code.

In May 2024, GetBlock launched a Marketplace, a specific free-to-use service that indexes the most reliable, popular, and innovative services available for Web3 users.

Also, GetBlock offers free access to its blockchain nodes for the accounts with 40,000 requests daily. It might be insufficient for commercial dApps, but it is the best way to start with the prototype as well as for the personal usage. GetBlock offers a similar range of blockchains for free and paid users so that every newcomer can experiment with the free version before purchasing his or her first paid packages.

Last but not the least, GetBlock supports Ophir Institute, a unique education initiative for the next generation of Web3 creators. Students of Ophir Institute are building and testing their apps on GetBlock’s nodes for free. As one of the cutting-edge cryptocurrency infrastructure companies, GetBlock is doing its part in the global mission to bootstrap Web3 adoption in various regions of the globe.

GetBlock connects crypto apps to 50+ blockchains, both testnets and mainnets. Its RPC nodes work with up to 99.99% uptime and can be accessed via gRPC, WebSockets, or JSON RPC interfaces.

Media info:
Company website: https://getblock.io/

Social media links:
Twitter: https://twitter.com/getblockio
Reddit: https://www.reddit.com/user/getblockio

HashKey Global Launches 2nd HashKey Launchpool: Earn ATH Tokens by Locking ATH & USDT 7724

HashKey Global will launch the second phase of the Launchpool project, Aethir (ATH), on June 11, 2024. Users can lock ATH or USDT to share a pool of 5,870,000 ATH. The locking period is 3 days, starting on June 11 at 02:00 (UTC), with rewards beginning to accrue on June 12 at 10:00 (UTC). Spot trading for ATH/USDT will commence on June 12 at 10:00 (UTC), and ATH withdrawals will be available starting June 13 at 10:00 (UTC). Participation requires KYC verification, and both deposits and withdrawals will be conducted via the ERC20 network.

The Launchpool offers two supported pools: ATH Pool and USDT Pool. The ATH Pool provides 1,837,000 ATH in rewards with a minimum locking amount of 100 ATH and a maximum of 260,000 ATH. The USDT Pool offers 4,033,000 ATH in rewards, requiring a minimum of 10 USDT and a maximum of 5,000 USDT. The Launchpool period runs from June 12, 2024, to June 15, 2024.

About HashKey Global

HashKey Global is the flagship global digital asset exchange under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global has obtained a license from the Bermuda Monetary Authority with the potential to provide mainstream trading and service products such as LaunchPad, contracts, leverage, and staking.

For more details, please visit global.hashkey.com

Traderland.io Launches a Fusion of Gaming and Investment Training 9187

Traderland.io, an innovative interactive trading simulator gaming universe, is excited to announce its official launch. This dynamic trading platform offers users the chance to immerse themselves in a socially-driven game landscape while honing their investment and asset-trading skills. Since its initial release, Traderland.io has rapidly gained popularity, attracting over 15,000 users.

Traderland.io stands out by utilizing real-time market data, allowing users to experience an immersive and realistic trading environment. Players can engage in trading activities that reflect live market conditions, providing a true-to-life simulation that enhances their learning experience.

In the Traderland.io universe, players are represented by customizable animated avatars. These avatars enable users to explore various cities within the platform, each offering unique challenges and opportunities. A significant feature is the ability to invest in virtual real estate across eight distinct regions, each with varying price points.

A core element of the Traderland.io experience is its tutorials, which are grounded in real-life trading scenarios. Users can choose to navigate these lessons with the guidance of a coach who is available to answer questions and provide step-by-step assistance.

Traderland.io offers a broad selection of virtual assets for users to trade, including forex, stocks, cryptocurrencies, and futures. By trading these assets, players can gain practical experience and understand the intricacies of different investment vehicles.

The asset prices within the platform mirror actual market fluctuations, allowing traders to observe the impact of their decisions and adapt their strategies accordingly. Players can monitor their gains and losses through a comprehensive dashboard, providing a snapshot of their portfolio’s performance.

One of the platform’s most exciting features is the opportunity for players to engage in trading battles and tournaments against traders from around the world. These competitions not only elevate the excitement but also offer the chance to win real money, adding a tangible reward to the virtual trading experience.

The investment landscape is expanding rapidly, with the cryptocurrency market alone projected to grow to $13.18 billion by 2031. As more investors enter the market, Traderland.io aims to bridge the knowledge gap by educating users about various assets through an engaging, gamified approach. By participating in real-time trading and completing the tutorials, players can enter the investment space with confidence and competence.

Traderland.io is available exclusively through its website, offering a unique and comprehensive trading simulator that combines education, competition, and community engagement. Join Traderland.io today and embark on an exhilarating journey into the world of trading.

The game is available exclusively through the Traderland.io website.

About Traderland.io

Traderland.io is an interactive asset-trading and investment simulation ecosystem which seeks to educate investors about the world of investing through gameplay. Following the ethos of ‘Learn as You Play’, Traderland.io is working to empower the new generation of traders with hands-on skills and community.

Media Links:
Website: https://traderland.io/en/
Instagram: https://www.instagram.com/traderland.io/

Bitname Introduces the First Full-Scale Name Service for the Bitcoin Ecosystem 9408

Bitname, the first name service provider encompassing the entire Bitcoin ecosystem, is introducing a new protocol standard, SRC101, for Bitcoin Stamps. It allows permanent storage of domain assets on Bitcoin and supports the interconversion and resolution of all Bitcoin address types. It also supports Bitcoin Layer2 and sidechain address linking through unique features. It prioritizes the unification of native Bitcoin domain assets across different protocols, representing a step towards integrating the entire Bitcoin ecosystem.

Why Do We Need a Native Bitcoin Name Service with Full Ecosystem Coverage?

The cryptocurrency landscape is undergoing a significant transformation, ushering in a new era of multi-chain functionality that has the potential to reshape the industry. The Bitcoin ecosystem is now more active than ever, attracting attention to Ordinals and Bitcoin Stamps.

Recent advancements, such as the approval of Bitcoin ETFs and the development of technologies like Bitcoin Stamps and Ordinals, have opened the door for more sophisticated Bitcoin applications. Furthermore, the creation of multiple Bitcoin Layer 2 solutions, such as BitVM, Merlin, Babylon, and B2Network, highlights the need and opportune moment for introducing a Bitcoin Name Service. Experience from various side chains and Layer 2 networks has demonstrated that independent name services lack market recognition and feasibility. Therefore, a unified Bitcoin Name Service would act as a foundational infrastructure, improving usability and connectivity across these growing ecosystems.

The SRC101 Protocol

In recognition of this vital need, Bitname has partnered with the official team behind Bitcoin Stamps to develop a name service specifically designed for the Bitcoin ecosystem. The team aims to provide a robust, scalable, and secure name service that fully leverages the capabilities of the Bitcoin network. Compared with Bitcoin Ordinals, Bitcoin Stamps outperforms it in the aspect of immutability, data size and flexibility, and security.

With those features, the Bitname team partnered with core developers in SRC20 to refine the new protocol standard SRC101.

SRC101 offers several key features:

  • High Expandability: Supports cross-chain domain binding and protocol upgrades, ensuring a decentralized and on-chain data storage system with integrated transactions and identity unification.
  • Enhanced Security: Decouples Name Assets from UTXOs to prevent asset loss and phishing attacks. Assets are tied to the sender address of the mint transaction, enhancing traceability and security.
  • Lower Transaction Fees: Allows multiple operations in one transaction, reducing data storage requirements and miner fees. The design minimizes the impact on Bitcoin network efficiency and addresses blockchain bloat concerns.

Bitname’s Vision:

With SRC101, Bitname aims to offer a Bitcoin name service characterized by immutability, security, and scalability. This service will create a comprehensive infrastructure within the Bitcoin ecosystem, significantly enhancing user experience and network security.

Main Features:

  • Universal Address Compatibility: Supports all Bitcoin address types, including Legacy, Nested Segwit, Native Segwit, and Taproot.
  • Immutability and Security: Stores assets directly in the Bitcoin blockchain’s UTXO, ensuring permanent on-chain storage and preventing accidental asset spending and phishing.
  • MatrixLink: Anchors accounts across all Bitcoin Layer 2 solutions and supports binding for EVM-compatible chains and Web2 projects, creating a comprehensive identity matrix centered around Bitname native domain assets.

What’s Next for Bitname?

Bitname has identified the untapped potential of NFTs in domain assets, often underutilized in existing projects. The Bitname Stampcard, an innovative NFT asset leveraging the SRC101 standard, aims to provide basic domain resolution services while enhancing the collectibility and playability of domain assets with specially designed visuals.

The Bitname name service will integrate Bitcoin Layer2 using the MatrixLink feature. To maintain the security and central role of native Bitcoin Layer1 assets, no cross-chain transfers or mapping operations will be conducted when domain assets are used on different Layer2. This means that cross-chain account connections will be facilitated through the issuance of markers or the creation of non-tradable, non-transferable NFTs while the assets remain on Bitcoin.

Introduction of Bitname Stampcard

Recognizing the prevalent differentiation in rarity, Bitname has specially designed the visuals of domain asset cards, aiming to not only provide basic domain resolution services but also enhance the collectibility and playability of domain assets.

The Bitname Stampcard Innovation

Frame Tier System

Inspired by traditional card games (TCG), Bitname Stampcard incorporates a visually distinctive frame tier system based on registration prices:

  • Five-character domains are indicated by a white border.
  • Four-character domains have a blue border.
  • Three-character domains are marked with a gold border.

This tier system visually differentiates the price and rarity of domains through the card designs, providing a diverse and layered presentation of Bitname Stampcards.

Unique Identifiers (ID)

Each Bitname Stampcard is assigned a unique identifier based on the chronological order of domain asset minting. This ID is prominently displayed on each card, visualizing the data inherent in the asset’s code layer and enhancing the user experience with more engaging and detailed service.

Series-Based Artwork

Beyond frame tiers and unique IDs, each Bitname Stampcard features randomly generated artwork. This adds a level of uniqueness and collectibility beyond the determined rarity. Each card is a carefully designed piece of art, emphasizing that while Bitname is a product and service-centered infrastructure project, it also aims to add a bit of fun and entertainment for its users.

Bitname Stampcard brings a new level of collectibility and playability to traditional domain name NFTs, blending functionality with creativity to enhance the overall user experience.

About Bitname

Bitname is a Bitcoin name service dedicated to creating a comprehensive name service for the entire Bitcoin ecosystem, encompassing the native Bitcoin Layer1 and Layer2 projects. Bitname has established the SRC101 standard for this service, along with an innovative design of NFT collection for domain assets that sets it apart from traditional name services, making it more collectible and entertaining. With unique card designs introduced in series, Bitname Stampcard offers a new level of collectability and interactivity to traditional domain name NFTs.

‘Moonrise’ Initiative Signals Next Phase in Evolution for New-Look Moonbeam Network in Polkadot Ecosytem 9938

Ambitious 2024 Roadmap Includes 8x Improved Throughput, zkAuth for Web2 ID, Major Grants

Moonbeam Network, a smart contract platform for building cross-chain connected applications, announced the ‘Moonrise’ initiative anchored by a 2024 Product Roadmap that includes the introduction of parallel processing to improve throughput by 8 times, upgrading ecosystem integration, improving the developer and user experience, and more. Moonrise signals the next phase in evolution for Moonbeam and canary network Moonriver, which is incorporating Axelar bridging technology.

More than two years since its mainnet launch in January 2022, Moonbeam is well-established as the leading solution for integrating networks such as Polkadot, Ethereum and the broader EVM ecosystems. The 2024 Roadmap demonstrates Moonbeam’s dedication to continually improving its cutting-edge performance and experience for developers and users.

The Moonrise initiative is reflected in a comprehensive rebrand of Moonbeam’s look, underscoring how Moonbeam is more than a chain. It’s a hub for developers, Web3 enthusiasts, interoperability supporters and more.

“We’re beyond excited to reveal Moonbeam’s new look in conjunction with our ambitious plans for 2024. This year we are implementing improvements, upgrades and announcements to all facets of the Moonbeam and Moonriver networks,” said Aaron Evans, Head of Operations at Moonbeam Foundation. “As our passionate community of supporters knows, Moonbeam is a modern blockchain with features for developers and users that are still just a dream for other networks that remain in testnet phase.”

A lynchpin of the 2024 Roadmap is enhancing the core protocol with the introduction of asynchronous backing, a form of parallel processing that will quadruple block space and halve block times to 6 seconds, resulting in an 8x increase in overall throughput for Moonbeam.

More improvements include ensuring compatibility and seamless interoperability with Ethereum’s gas-saving Dencun upgrade, substantial upgrades to the UX for Moonbeam Routed Liquidity, and improvements to governance mechanisms.

Other highlights include:

  • Ecosystem Integration: Glacis integration for reliable cross-chain transactions, Tanssi integration for appchain deployments, revitalized Moonriver with Axelar’s Amplifier program for bridging and a v3 AMM liquidity program.
  • Developer Tools: Governance tracks for dApps, support for EIP-4337 Account Abstraction, expanded tooling integration for ease of development, deployment, and debugging/monitoring.
  • User Experience: Zero Knowledge Initiative (zkAuth) for Web2 authentication, tokenomics incentive updates, and streamlined stablecoin flows.

The series of initiatives will begin rolling out immediately and will continue to be deployed through Q3 and Q4 of 2024, and into 2025.

To check out Moonbeam’s new website and follow the network’s upcoming developments, see: https://moonbeam.network.

About Moonbeam Network

Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.