Mit einer Einigung in Höhe von mehr als 4 Mrd. US-Dollar legen SEC und Terraform Labs ihren zivilrechtlichen Streit bei.
Circle integrated into Solana paving the way for programmable wallets and NFTs
- Circle integrates Solana for enhanced Web3 services.
- The integration brings programmable wallets, gas stations for subsidized transaction fees, and NFTs to Solana.
- Growth in Solana’s active addresses highlights its expanding developer appeal.
Circle, the peer-to-peer payments technology company that now manages the USDC stablecoin, has announced its integration with the Solana blockchain, marking a significant step towards expanding its Web3 services.
This move is set to introduce advanced features that enhance user interaction and automation within the Solana ecosystem.
Circle’s web3 services extended to Solana
Circle’s integration with Solana will unfold in two crucial phases.
In the initial phase, the focus lies on enabling support for programmable wallets and gas station on Solana. The programmable wallets empower developers to automate asset management through predefined rules. This capability eliminates the need for manual execution of transactions, streamlining processes and enhancing efficiency.
Additionally, Circle will introduce a gas station feature on Solana to facilitate sponsored transaction fees. This innovation aims to lower barriers to entry for users by alleviating the cost burden associated with transactions on the blockchain.
The second phase of integration promises even more versatility with the addition of non-fungible tokens (NFTs) and program interactions via the Smart Contract Platform. This expansion will enable Solana users to engage in a broader range of activities, from creating and trading NFTs to executing complex smart contracts seamlessly.
Such enhancements not only cater to the evolving demands of developers and users but also position Solana competitively among other leading blockchain platforms supported by Circle, such as Ethereum, Polygon, and Avalanche.
Solana’s growth trajectory amid increased active addresses
Solana has been experiencing a surge in activity and adoption, underscored by a record number of active addresses in recent months.
This growth is indicative of its expanding developer community and the increasing utility of its blockchain for various applications.
Looking ahead, Solana is gearing up for the Firedancer upgrade scheduled for 2025. This upgrade aims to enhance scalability and eliminate network downtime, addressing critical infrastructure needs as the platform continues to scale.
Moreover, Solana’s attractiveness to major players in the financial and technology sectors is evident through recent integrations, such as PayPal’s adoption of its stablecoin.
Solana’s integration into Circle not only enhances the usability of Solana for everyday transactions but also underscores its potential as a robust ecosystem for fintech innovations.
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Eigen Labs acquires Rio Network to expand EigenLayer blockchain capabilities
- Eigen Labs acquires Rio Network and integrates LRT tech into EigenLayer for enhanced staking utility.
- LRT technology from Rio Network open-sourced to standardize liquid restaking across blockchains.
- EigenLayer facilitates multi-chain asset security, boosting efficiency in decentralized finance.
Eigen Labs, the force behind the EigenLayer protocol, is expanding its capabilities by acquiring Rio Network and its innovative liquid restaking token (LRT) technology.
Accelerating Open Innovation: Eigen Labs ∞ Rio Network
Eigen Labs is excited to announce the acquisition of the @RioRestaking team to accelerate our mission of creating an open, verifiable cloud.
The Rio team has a combined 75+ years of crypto experience and a proven track…
— Eigen Labs (@eigen_labs) June 12, 2024
The acquisition of Rio Network marks a significant step towards enriching token staking functionalities within the EigenLayer ecosystem.
Acquisition and open-sourcing of LRT technology
Eigen Labs’ acquisition of Rio Network includes obtaining its intellectual property rights, notably the liquid restaking token (LRT) technology.
By integrating this technology into EigenLayer and subsequently open-sourcing it, Eigen Labs aims to foster transparency and community-driven innovation.
The decision to make LRT open-source serves as a strategic move to standardize and enhance the implementation of liquid restaking across blockchain networks.
This approach not only expands EigenLayer’s capabilities but also encourages broader adoption and collaboration within the blockchain community.
Enhancing token staking utility with EigenLayer
EigenLayer, launched in 2023 and backed by substantial Series A funding, has rapidly emerged as a pivotal player in the blockchain staking landscape.
The EigenLayer protocol enables users to maximize the utility of their staked assets, such as Ether (ETH), by securing multiple blockchains simultaneously. This capability addresses the growing demand for efficient asset management and utilization in decentralized finance (DeFi) ecosystems.
Moreover, EigenLayer’s approach complements traditional staking models by offering flexibility and interoperability, thereby promoting a more dynamic and interconnected blockchain infrastructure.
By open-sourcing LRT, Eigen Labs not only enhances its protocol’s capabilities but also fosters innovation and collaboration within the blockchain community.
Moving forward, EigenLayer’s role in optimizing the use of staked assets across multiple blockchains is set to further strengthen, contributing to the broader evolution of decentralized finance and blockchain technology.
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MultiversX and Cornell University join forces for blockchain education
- MultiversX and Cornell have launched Blockchain Essentials Program for 100 underserved students.
- The program offers free education, mentorship, and potential funding for blockchain projects.
- The program is aimed at fostering inclusivity and innovation in blockchain technology.
MultiversX, in partnership with Cornell University’s eCornell, has unveiled an innovative Blockchain Essentials Program aimed at supporting 100 economically disadvantaged college students.
We’re thrilled to announce Blockchain Essentials: a collaborative program with @ecornell_online (part of Cornell University), a top-ranked global institution.
To support 100 college students in kickstarting their Web3 journey with #MultiversX.
Courses start July 17th. pic.twitter.com/o8Y7dRLvj4
— MultiversX | Sovereign Chains (@MultiversX) June 11, 2024
This initiative offers a unique opportunity for participants to gain specialized knowledge in blockchain technology, receive mentorship, and potentially secure funding for community-focused blockchain projects upon completion.
Empowering underserved students through blockchain education
The Blockchain Essentials Program, set to begin on July 17, 2024, stands out for its commitment to accessibility and inclusivity.
Designed as an online learning experience, the program will be conducted in private cohorts, ensuring each student receives personalized attention. This approach not only facilitates a supportive learning environment but also caters specifically to the needs of underserved students who may face barriers to accessing high-quality educational opportunities.
In addition, MultiversX and eCornell have waived the usual $3,750 course fee, making the program financially accessible to its target demographic. By eliminating this financial burden, the initiative aims to democratize access to blockchain education, empowering students from diverse backgrounds to explore and leverage blockchain technology’s potential.
MultiversX to support Blockchain Essentials Program graduates
Upon successful completion of the Blockchain Essentials Program, participants will receive a certificate acknowledging their expertise in blockchain essentials.
Beyond certification, the most compelling aspect of the initiative is the promise of continued support from MultiversX.
Graduates will have the opportunity to receive mentorship and guidance from industry experts, as well as potential funding to develop blockchain projects that address community needs.
Beniamin Mincu, CEO of MultiversX, emphasized the program’s role in fostering innovation and inclusivity within the blockchain space. He highlighted the program’s goal to onboard talented individuals into Web3 ecosystems, enabling them to contribute meaningfully to blockchain development and deployment.
In addition to educational support, MultiversX recently introduced “Sovereign Chains,” a next-generation blockchain infrastructure aimed at enhancing transaction throughput. This technology, capable of significantly increasing transactions per second and smart contract capabilities, underscores MultiversX’s commitment to advancing blockchain scalability and usability.
Overall, the Blockchain Essentials Program not only equips students with valuable blockchain knowledge but also positions them as potential leaders in driving blockchain innovation within their communities.
By bridging the gap between education and practical application, MultiversX and Cornell University are paving the way for a more inclusive and diverse future in blockchain technology.
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MoonPay integrates PayPal for crypto purchases in the UK and EU
- MoonPay integrates PayPal for EU and UK crypto purchases using fiat.
- PayPal, the third most popular payment method in the US, brings convenience to MoonPay.
- MoonPay’s move aims to lower entry barriers and foster trust among its growing user base.
MoonPay, a leading cryptocurrency payments platform, has announced the integration of PayPal as a new fiat on-ramp for its users in the European Union and the United Kingdom.
Buying crypto with PayPal is going global!
MoonPay users in 24 EU member states and the UK can now buy 100+ cryptocurrencies using their PayPal account. pic.twitter.com/FtHiJ6u21e
— MoonPay 🟣 (@moonpay) June 12, 2024
This move will allow customers to use PayPal to purchase cryptocurrencies on the MoonPay platform, providing a seamless and convenient user experience. Initially available to 1% of European users, a full rollout across the region is expected soon, though residents of Croatia, Iceland, and Hungary will not have access to this service.
MonnPay expanding crypto access with PayPal integration
MoonPay’s decision to integrate PayPal stems from the latter’s significant popularity in the United States, where it ranks as the third-most commonly used payment method after Apple Pay and traditional bank cards.
By offering PayPal as a payment option, MoonPay aims to lower the barriers to entry for new users, making it easier and more convenient for them to purchase cryptocurrencies. Ivan Soto-Wright, CEO and co-founder of MoonPay emphasized that this move will provide a frictionless experience and increase trust among its growing customer base.
In the United States, MoonPay already offers PayPal as a payment method in 48 states, with New York and Texas being the exceptions. The integration is part of MoonPay’s broader strategy to enhance its services and cater to the diverse needs of its global user base.
By incorporating PayPal, MoonPay leverages a widely trusted and user-friendly payment option, which is expected to attract more users to its platform.
PayPal’s foray into the crypto market
PayPal’s integration with MoonPay is part of its larger strategy to establish a foothold in the cryptocurrency market.
In August 2023, PayPal launched its own U.S. dollar stablecoin, PayPal USD (PYUSD), backed 1:1 by cash and short-term cash equivalents.
Initially deployed on Ethereum as an ERC-20 token, PYUSD faced challenges due to Ethereum’s limited transaction speed and high costs.
To address these issues, PayPal deployed PYUSD on the Solana network in May 2024. Solana offers higher throughput and lower transaction costs, making it suitable for everyday transactions. This deployment also introduced “confidential transfers,” a feature that hides transaction amounts from the public while ensuring compliance with reporting regulations.
Stablecoins like PYUSD play a crucial role in the cryptocurrency ecosystem. They provide liquidity, reduce transaction costs, and facilitate cross-border payments. By offering a stable value, these digital tokens enable more efficient and secure transactions, thereby promoting wider adoption of cryptocurrencies.
MoonPay’s integration of PayPal as a fiat on-ramp is a significant step towards making cryptocurrency more accessible and user-friendly for individuals across the UK and EU.
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