Author: Crypto News Live
DRIFT Labs has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable secure and seamless cross-chain transfers across the BNB Chain, Ethereum, and Polygon networks. This integration highlights Chainlink’s robust security and reliability features. Drift, a leading Web 3 gaming studio, has recently announced the integration of the decentralized blockchain oracle network Chainlink’s Cross-Chain Interoperability Protocol (CCIP). .@TheDriftToken has integrated #Chainlink CCIP across @BNBCHAIN, @ethereum, and @0xPolygon. How the industry-standard unlocks secure cross-chain transfers of DRIFT ↓https://t.co/H4gTOIAkyQ — Chainlink (@chainlink) July 1, 2024 This significant integration opens doors to a more seamless cross-chain transfer for DRIFT’s token. This collaboration enables users…
Ethereum’s netflow from exchanges increased by over 6%. ETH has remained below its resistance level. Over the past month, Ethereum [ETH] has experienced a notable trend of outflows from exchanges. It indicated that investors were moving their holdings away from trading platforms. Despite the reduction in exchange balances, the volume of ETH being staked has continued to grow. ETH has been endeavoring to stabilize its price amid these shifts in investor behavior and network participation. Ethereum increase monthly outflow AMBCrypto’s analysis of Ethereum’s transaction data revealed a significant net outflow from exchanges. The data showed that over 1 million ETH…
The native cryptocurrency of the Cardano blockchain ($ADA) has recently seen its price rise by around 4% over the past week as it starts to recover from a slump that saw it lose over 30% of its value year-to-date. The cryptocurrency, according to a popular analyst, could surge over 70% in the “coming days.” The popular pseudonymous cryptocurrency analyst Captain Faibik has notably recently said that the cryptocurrency has broken out of a falling wedge pattern after a long period of consolidation and is now set to surge to around $0.7 per token. A falling wedge is a pattern that…
Key Points: ZKsync has launched Elastic Chain, a network of ZK rollups designed for security and interoperability. The ZKsync 3.0 protocol upgrade introduces shared routing contracts to improve capital efficiency and simplify asset movement. The ZKsync Elastic Chain leverages recursive ZK proofs for scalability, with over 20 new ZK Chains expected to join by 2024. ZKsync unveiled today the launch of Elastic Chain, a network of ZK rollups designed for maximum security and seamless interoperability, offering users a unified and intuitive experience. Read more: Top 5 Crypto Wallets On zkSync Era ZKsync Elastic Chain Launched for Enhanced Blockchain Interoperability The…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. This year’s NFT.NYC was different. Since its launch in 2019, NFT enthusiasts and industry players have come together here to learn more about the latest trends and innovations in the space. The event is all about celebrating the impacts and potential of NFTs with a clear mission to drive mainstream adoption. As such, the level of excitement and investment around the event can be seen as a barometer for the state of the NFT landscape—and this year’s…
TL;DRFull StoryCan you feel that?It’s eery, right? The calm we’re experiencing.We didn’t know Bitcoin had a ‘calm’ setting. We’re used to it being almost permanently stuck on ‘erratic as a five year old that just chugged a gallon of Coke’ mode — bouncing up and down, adding/wiping billions from its total value each day.But right now, the DVOL chart (which measures Bitcoin’s day-to-day volatility) is at the bottom end of a four month slide downwards — a time in which BTC’s price has moved from ~$73k to ~$56.5k, and bounced significantly between those two points in the meantime. Here’s what…
Lido outperformed Ethereum in terms of fees earned in the last few days. Despite interest in staking growing, the price of ETH declined. Lido [LDO] has managed to outperform Ethereum [ETH] in the last few days in terms of fees earned. Lido showed growth In the last month, Lido Finance collected $20.8 million in fees in just one week, which was higher than the fees collected by Ethereum itself, which collected $19.8 million during the same period. This impressive performance placed Lido Finance as the second-highest fee earner within the cryptocurrency space for that week, behind only Tron [TRX], which…
The world of online gaming is on the cusp of a revolution. Driven by the innovative concepts of Web3, online gaming is poised to become more immersive, user-centric, and potentially, even more captivating. Web3, with its emphasis on decentralization, ownership, and community governance, offers exciting possibilities for the future of online gaming experiences. Let’s delve into the core principles of Web3 and explore how it’s transforming the landscape of online gaming.The Rise of Web3: Decentralization and BeyondWeb3, the potential next iteration of the internet, aims to shift power away from centralized platforms and towards users. This decentralized approach stands in…
Israeli crypto firm Ironblocks is spearheading a new security layer called Venn that will vet blockchain transactions before they’re executed, potentially averting multimillion-dollar attacks and hacks. Venn is a security product: its customers – lending protocols and beyond – will pay a small fee in exchange for what’s essentially an extra set of eyes making sure nothing suspicious is happening on their books. But instead of one pair, they’ll get many operators on the lookout for fraud, says Ironblocks CEO Or Dadosh. That’s because Venn is set to be a decentralized network much like the blockchains that all DeFi protocols…
Swiss fintech Fiat24 has joined forces with ONTO Wallet, a self-sovereign Web3 wallet, to offer users enhanced digital banking capabilities through NFT integration. This partnership shows how Web3 technology is making strides in real-world applications, particularly in the financial sector.Onto Wallet in Decentralized Identity Systems in BankingDecentralized identity (DID) systems are at the heart of this transformation, leveraging blockchain technology to provide a more secure and private alternative to traditional identification methods. This new technology could revolutionize the banking sector by enhancing security, privacy, and transaction recording and offering real-time payment processing services.DID systems allow users to control their digital…
