Blockchain

Huobi will retain its identity for Chinese-speaking regions, but the exchange will now be recognized as HTX on the global scene. Popular cryptocurrency exchange Huobi celebrated its 10th anniversary on Wednesday by announcing its rebranding to HTX. However, there might be more to the move that controversially appears to echo the bankrupt exchange FTX. According to the September 13 announcement, “H” simply represents the first letter of Huobi, “T” represents Justin Sun’s blockchain project...

Diesel’s entry into the Meta Avatar Store aligns with the brand’s previous forays into the metaverse and its ventures into the world of NFTs. Diesel, the iconic Gen-Z fashion brand known for its edgy style, is stepping into the metaverse with a bang. In collaboration with digital fashion house DressX, the company is launching an exclusive collection on the Meta Avatars Store, adding its name to the roster of luxury brands available in the store. Meta Avatars Store is an online designer...

Buterin is looking forward to a future where developers can leverage an independent open tech stack. Speaking to the attendees of the Decentralized Finance (DeFi) event Permissionless which was held in Austin, Texas, Ethereum (ETH) co-founder Vitalik Buterin has expressed his enthusiasm towards a progressive future for the Ethereum network. He strongly believes that the network will keep pressing forward, adopting new ideas and offering innovative solutions to existing challenges. Though...

Circle co-founder and CEO Jeremy Allaire expressed delight at seeing major Web2 companies integrating blockchain technology. USDC issuer Circle has announced its partnership with Southeast Asian technology startup Grab to pilot Web3 customer experiences in Singapore. Established in 2012 as MyTeksi, Grab app is a multinational technology company that operates from out of Singapore and serves the entire South Eastern region. The company has a super-app that allows ride-hailing, door-to-door...

Ripple has secured some vital collaborations this year, including the deal with the Swiss-based crypto custody provider Metaco and the one with Fortress Trust (a financial institution focused on digital currencies). According to some experts, those efforts could benefit the blockchain enterprise by allowing it to provide various services and opportunities to users. Ripple Been Busy One such individual who shares that stance is the Ripple enthusiast going by the name...

The popular Web3 wallet has officially unveiled a novel feature called ‘Snaps,’ which paves the way for its expansion beyond the confines of  Ethereum. This marks a new dawn for developers and users of Metamask, who will benefit from interoperability and compatibility for different non-EVM blockchains. The inception of this feature traces back to a proposal by Dan Finlay, the co-lead developer in Metamask, to construct a platform welcoming developers to build permissionless...

The price of Curve DAO (CRV) tokens briefly fell below $0.40 on Wednesday as over-the-counter (OTC) transfers made by the DeFi project’s founder, Michael Egorov, were later transferred to Binance. As reported by blockchain security firm PeckShield, one of Egorov’s counterparties from last month. transferred 609,000 CRV tokens to Binance on Wednesday. When investors send funds to exchanges, analysts generally view this as reflecting an intention to sell. The counterparty...

Following a period of substantial capital inflows at the beginning of the year, the recent months have witnessed a shift towards either neutral or negative inflows, suggesting a period of stagnation as uncertainty took over the asset class. According to blockchain intelligence platform Glassnode, the market has been hovering on a relatively neutral level since April this year. This aligned with the slow-down in Bitcoin and Ethereum capital inflows and reflects a growing sense...

Base – the new layer-2 blockchain trading platform from Coinbase – has gotten quite big over the past few months thanks to several new meme tokens. In fact, it appears Base garnered as much as $68 million in ether over the past few weeks alone, and the network isn’t even live yet. Coinbase Layer-2 Network Sees Heavy Revenue Jumps The new meme currency that everyone seems so attracted to is called BALD, which was built atop the Base network. The asset really...

Celo’s inclusion with Opera’s MiniPay wallet augurs well for Africa’s expanding digital finance sector. Opera, the well-known web services provider, has announced intentions to integrate a non-custodial stablecoin wallet built on the Celo blockchain into its mobile web browser. This product, dubbed “MiniPay”, is intended to empower Opera’s enormous user base across the African continent by giving an easy and safe means of accessing and dealing with stablecoins. MiniPay seeks to make...