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LayerZero and Delegate launch Clusters, a multichain naming protocol

  • LayerZero announced its LayerZero V2 upgrade three days ago with enhanced cross-chain interoperability with Universal Messaging and Modular Security.
  • Clusters introduces a multichain naming protocol for seamless blockchain address management.
  • Delegate’s expertise in address management ensures security and reliability in the Clusters ecosystem.

LayerZero Labs, in collaboration with Delegate, has announced the launch of Clusters, a groundbreaking multichain naming protocol designed to streamline user interaction across various blockchain networks.

With this innovative solution, users can maintain a consistent identity and manage their blockchain addresses seamlessly, transcending the limitations of individual chains such as Ethereum, Polygon, Avalanche, and Solana among other EVM chains.

The Clusters Protocol 

Clusters is set to revolutionize the landscape of blockchain naming protocols. Unlike traditional solutions like the Ethereum Name Service (ENS), Clusters offers a cross-chain, multi-wallet naming protocol, catering to the needs of multichain enthusiasts.

LayerZero’s technology serves as the backbone of Clusters, facilitating seamless message flow between different blockchains. It is important to note that Cluster will benefit from the recent LayerZero V2 upgrade which brings on board advancements in cross-chain interoperability and application development with the key feature being Universal Messaging, enabling the seamless transmission of diverse message types across over 20 blockchain networks.

LayerZero’s integration allows Clusters to maintain accuracy across millions of names and billions of wallet addresses, ensuring a smooth and reliable user experience. Moreover, LayerZero’s Permissionless Execution feature empowers individuals to participate in the operation of the protocol, promoting decentralization and community involvement.

On the other hand, with its experience in managing blockchain addresses through Delegate Cash, Delegate brings a wealth of expertise to the development of Clusters. Delegate’s technology has already secured nearly $1 billion worth of assets across thousands of wallets, providing users with confidence in the security and reliability of the Clusters ecosystem. Major NFT projects, including Yuga Labs and Azuki, have already integrated with Delegate’s technology, underscoring the platform’s relevance and adoption within the blockchain community.

By providing a universal naming protocol that spans multiple chains, including Ethereum, Avalanche, Plygon, Solana, and other EVM-based networks, Clusters addresses critical issues such as address fragmentation, wallet management complexity, and domain squatting. This innovative solution enables users to maintain a consistent identity and interact seamlessly with decentralized applications and protocols across diverse blockchain ecosystems.

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Bybit applies for a Virtual Asset Trading License in Hong Kong

  • Bybit applies for a VATP license in Hong Kong through Spark Fintech Limited.
  • Hong Kong’s favourable regulatory environment contrasts with China’s crypto crackdown.
  • Harvest Fund Management’s spot bitcoin ETF application signals Hong Kong’s growing crypto influence.

Bybit, a prominent cryptocurrency exchange, has officially applied for a license to operate as a “virtual asset trading platform” in Hong Kong. The application was submitted through Spark Fintech Limited on Wednesday, as confirmed by the Hong Kong Securities and Futures Commission’s records.

The move comes amid a regulatory landscape that distinguishes Hong Kong from its neighbouring Chinese mainland. Bybit’s strategic choice aligns with Hong Kong’s welcoming approach to crypto firms, as seen with its crypto licensing regime initiated in June 2023.

Hong Kong emerging as a crypto hub in Asia

Unlike the broader crackdown on crypto activities in mainland China, Hong Kong has emerged as a favourable destination for crypto businesses. Bybit acknowledges the city’s strategic advantages, citing its established financial infrastructure and prime location.

Obtaining a Virtual Asset Trading Platform (VATP) license in Hong Kong would mark a pivotal step for Bybit, positioning it to serve institutional clients across the Asia Pacific region.

Hong Kong instituted its crypto licensing regime in June 2023, allowing licensed exchanges to offer retail trading services. Bybit’s application places it among the 14 crypto firms currently under official review by the financial regulator. Notably, OKX, another prominent crypto exchange, filed its application on November 16.

In addition to virtual asset trading licenses, Hong Kong regulators are paving the way for spot crypto exchange-traded funds (ETFs). The Securities and Futures Commission, along with the Hong Kong Monetary Authority, has reviewed existing policies, signalling a potential expansion of the city’s crypto financial products.

The Hong Kong arm of Harvest Fund Management, a major Chinese asset manager, has already applied to a spot Bitcoin ETF in Hong Kong.

Bybit’s bold move to secure a VATP license underscores the growing importance of Hong Kong in the crypto space, as the city continues to embrace and regulate digital asset trading. With regulatory developments ongoing, the Asia Pacific region is witnessing a dynamic shift in its crypto landscape, with Hong Kong at the forefront of this evolution.

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Rebel Satoshi ($RBLZ) Shakes Up the Market, Becoming a Top Pick for Crypto Traders Alongside Manta Network (MANTA)

TLDR

  • Manta Network surges 53% in a week, but a pullback is imminent.

  • Rebel Satoshi continues attracting investors after surging 120% thus far.

As most top altcoins continue bleeding, Manta Network (MANTA) has performed incredibly well over the past week. As a result, investors are flocking to its market, hoping to make significant profits soon. Meanwhile, Rebel Satoshi ($RBLZ), an emerging meme coin, has performed well during its ongoing public presale after securing over $1.5 million thus far.

Why are investors embracing Manta Network and Rebel Satoshi? Continue reading to discover!

Manta Network Gains 53% in a Week: More Growth Coming?

Manta Network has performed impeccably over the past seven days. On January 22, MANTA was changing hands at around $2.44. After trading around this level for three days, MANTA gained momentum on January 24 after Manta Network announced via X that its TVL had surpassed $1.5 billion, making it the third-largest L2.

This bullish sentiment saw MANTA climb as high as $3.84 on January 28 before bulls got exhausted. As a result, MANTA experienced a slight pullback. By January 29, MANTA had stabilized at around $3.74. This price means MANTA has gained a whopping 53.28% in a week.

This impressive performance explains why investors are buzzing about Manta Network. But is MANTA a good crypto to buy now? 

According to experts, MANTA will record marginal losses to close the month at $3.73. Experts peg this prediction on MANTA plunging as the excitement about Manta Network being the third-largest L2 by TVL dwindles.

Rebel Satoshi Nears Launch After Entering Monarchs Round 4!

Rebel Satoshi, an upcoming meme coin that aims to eliminate centralization in the crypto space, has become the talk of the crypto-verse after raising over $1.5 million during its public presale. It is worth pointing out that Rebel Satoshi achieved this noteworthy milestone after the first four rounds of its presale sold out in less than three months.

This project’s rising popularity emanates from its unique mission to unite the silent majority and build a vibrant community that rebels against the unfair rules of centralized entities. Moreover, Rebel Satoshi attributes its success to its native $RBLZ token. Notably, $RBLZ offers investors access to the entire Rebel Satoshi ecosystem.

By January, Rebel Satoshi was in Monarchs Round 4 of its ongoing presale, with $RBLZ going for $0.022. Thus far, Early Bird Round investors that bought $RBLZ at $0.010 have realized a 120% ROI. This yield could increase to 150% when $RBLZ attains its listing price of $0.025.

On the other hand, Monarchs Round 4 investors will realize a 13.64% ROI when $RBLZ surges to $0.025. Furthermore, experts predict that $RBLZ will skyrocket when it gets listed on leading DEXs in February. This forecast makes $RBLZ one of the best crypto to invest in now!

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

The post Rebel Satoshi ($RBLZ) Shakes Up the Market, Becoming a Top Pick for Crypto Traders Alongside Manta Network (MANTA) appeared first on CoinJournal.