Cryptolifedigital, Author at Cryptolifedigital

Dogecoin-Ethereum Bridge for DeFi Use Remains on Track: DOGE Developer

24May

By Cryptolifedigital1 Comment

Cryptocurrency

Dogecoin-Ethereum Bridge for DeFi Use Remains on Track: DOGE Developer

Michi Lumin, a Dogecoin Core developer, has tweeted about a recent meeting centered on the Dogecoin–Ethereum bridge, which is currently being built. Read Also: Coinbase Global (NASDAQ: COIN) becomes one of the most successful newcomers to Fortune 500 in 2022 https://twitter.com/tjstebbing/status/1528880529797308416 According to Blue Pepper, the entity driving its development, the Dogecoin-Ethereum bridge is based on Ethereum co-founder Vitalik Buterin's Scrypt hash validation mechanism in Serpent, which was published in 2015. Dogecoin utility As previously covered by Cryptolifedigital, Dogecoin creator Shibetoshi Nakamoto believes that once a bridge between DOGE and Ethereum is created, it will be beneficial to Dogecoin. He also believes Dogecoin will require pl...

Coinbase Global (NASDAQ: COIN) becomes one of the most successful newcomers to Fortune 500 in 2022

24May

By Cryptolifedigital1 Comment

Blockchain

Coinbase Global (NASDAQ: COIN) becomes one of the most successful newcomers to Fortune 500 in 2022

According to the legendary magazine Fortune since 1955, Fortune 500 is a rating of the largest United States corporations by total revenue. In 2022, it was listed as the first-ever company in the Web3 segment. Read Also: 278 Million LUNA Burned Since Do Kwon Posted Burning Address Coinbase Global is listed by Fortune 500 According to the fresh 2022 edition of Fortune 500's ratings, the largest U.S.-based cryptocurrency ecosystem, Coinbase Global, is now ranked #437; this makes it the first blockchain and Web3 business to join this elite club. Together with big pharma heavyweight Moderna, Coinbase is among the most successful newcomers to the fortune 500 in 2022. As stated by the data shared in the last rating, Coinbase totals $7.8 billion in revenue and $3.6 bil...

278 Million LUNA Burned Since Do Kwon Posted Burning Address

24May

By Cryptolifedigital1 Comment

Cryptocurrency

278 Million LUNA Burned Since Do Kwon Posted Burning Address

On May 21st, Do Kwon, the CEO and founder of the now infamous Terra posted in a Twitter conversation a dead wallet address, where people can send their LUNA tokens for burning. The tweet quickly became one of Do Kwon’s most engaged-with tweets, and the posted wallet very rapidly received almost 280 million LUNA tokens. Read Also: Dogecoin Creator taught Binance CEO on History of Cryptocurrency Market https://twitter.com/stablekwon/status/1528004028851859456 The total amount of LUNA sent to the burning address is up to 289 million, with the total number of transactions at 2,719, which means the average number of tokens sent to burn in a single transaction is about 107,000 LUNA. This narration was also not without another round of foolishness. Two days later, after the pu...

Dogecoin Creator taught Binance CEO on History of Cryptocurrency Market

24May

By CryptolifedigitalNo Comments

Uncategorized

Dogecoin Creator taught Binance CEO on History of Cryptocurrency Market

Dogecoin creator Billy Markus noted Binance CEO changpeng Zhao’s post on Twitter about the meaning of the popular "HODL" internet meme. Zhao assumed that HODL is an acronym that means "Hold On for Dear Life," but the Dogecoin founder rushed to correct the CEO of one of the biggest cryptocurrency exchanges in the world. Read Also: Upcoming Vasil Hard Fork might be available on public testnet by June 2 As stated by the creator of the most famous meme coin on the market, the origins of the HODL meme are going back to the Bitcointalk forum, which was a shelter for cryptocurrency and Bitcoin enthusiasts back when crypto was not hitting the levels of adoption we see today. https://twitter.com/BillyM2k/status/1528954003454836736 The user with the name "GameKyuu...

Upcoming Vasil Hard Fork might be available on public testnet by June 2

24May

By Cryptolifedigital2 Comments

Cryptocurrency

Upcoming Vasil Hard Fork might be available on public testnet by June 2

As stated by the glneto, a developer at Mutant NFTs, an NFT platform based on Cardano, the upcoming Vasil Hard Fork might be available on the public testnet by June 2, with the mainnet launch slated for June 29. The proposed road map provided earlier by Cardano's parent company, IOHK, gives the end of May for the closed public testnet phase, and Vasil is expected to launch on the Cardano testnet in early June. Also, the mainnet hard fork proposal deadline has been set for June 29. Read Also: Polkadot Collaborates With Frank McCourt’s Project Liberty to Democratize Social Media Data https://twitter.com/glneto_/status/1528704338922807304 Although, Cardano inventor Charles Hoskinson assures the community that the anticipated Vasil upgrade should take place as planned. U...

Polkadot Collaborates With Frank McCourt’s Project Liberty to Democratize Social Media Data

24May

By Cryptolifedigital1 Comment

Cryptocurrency

Polkadot Collaborates With Frank McCourt’s Project Liberty to Democratize Social Media Data

Polkadot and Project Liberty have joined forces to decentralize social networking, give power to users, and enhance privacy. Leading interoperability blockchain network Polkadot has partnered with Frank McCourt’s Project Liberty on the first implementation of the latter’s Decentralized Social Networking Protocol (DSNP). Read Also: fUSD stablecoin Release and announcement of Cronje’s return send Fantom (FTM) price higher Democratizing Social Media Data As stated by the press release shared with Cryptolifedigital, the new collaboration will see Project Liberty leverage Polkadot’s technology to boost the adoption of its DSNP. Project Liberty is an initiative designed to build a more equitable and user-friendly technology infrastructure for the internet, dubbed ...

fUSD stablecoin Release and announcement of Cronje’s return send Fantom (FTM) price higher

24May

By Cryptolifedigital1 Comment

Cryptocurrency

fUSD stablecoin Release and announcement of Cronje’s return send Fantom (FTM) price higher

After a strong 2,000% spike in early 2021, Fantom's (FTM) price collapsed alongside multiple altcoins and even though the blockchain has an impressive capability, it has yet to get large adoption due to the lack of a compelling use case. FTM price hit an all-time high at $3.46, only to collapse to its pre-bull market lows under $0.25 after the failure of the Solidly DeFi project and the departure of developer Andre Cronje. Read Also: XRP Ledger Is Conclude to Having Native NFT Operationality Data from Cointelegraph Markets Pro and TradingView reveals that since dropping to $0.238, FTM has rallied 119.23% to $0.5216 on May 23. Three reasons for the spike in FTM prices are the release of the first native stablecoin on the Fantom network, new protocol upgrades and collab...

XRP Ledger Is Conclude to Having Native NFT Operationality

24May

By CryptolifedigitalNo Comments

Cryptocurrency

XRP Ledger Is Conclude to Having Native NFT Operationality

Ripple has upgraded its servers to version 1.9.1. of the XRP ledger protocol, as stated by a blog post shared earlier today.The most recent implementation allows validators to vote in favor of the XLS-20 standard, which would bring non-fungible tokens to the ledger. Read Also: Shiba Inu Metaverse's Team Adds Former Technicolor Executive, Entertainment Veteran Marcie Jastrow RippleX, the developer arm of the San Francisco-based blockchain firm, claims that validators have to operate due diligence before deciding whether or not they should vote in favor of the correction. XRP ledger offers support for fungible assets that can be used for payments. The new amendment, if passed, would make it possible to mint transfer and burn NFTs on the ledger. The team has done "extensiv...

Shiba Inu Metaverse’s Team Adds Former Technicolor Executive, Entertainment Veteran Marcie Jastrow

24May

By Cryptolifedigital2 Comments

Cryptocurrency

Shiba Inu Metaverse’s Team Adds Former Technicolor Executive, Entertainment Veteran Marcie Jastrow

Entertainment veteran Marcie Jastrow, who has served as senior vice president at Franco-American multinational corporation Technicolor, has joined forces with Shiba Inu Metaverse’s team, as stated by the announcement made on Monday. In her statement, Jastrow states that she’s honored to be a part of the "amazing" project, adding that the meme coin has one of the most robust communities in the cryptocurrency sector. Read Also: What To Know About NFTs – A Guide to the Latest Trend in BlockchainThe former Technicolor executive will be primarily responsible for securing brand partnerships. As brought out by the Cryptolifedigital, Shiba Inu Metaverse, which was originally announced in February, was introduced in late March. Virtual land went on sale in early April. ...

eBay, The E-commerce Giant Releases Its First NFTs Collection.

23May

By CryptolifedigitalNo Comments

Crypto Exchanges

eBay, The E-commerce Giant Releases Its First NFTs Collection.

E-commerce giant eBay announced the launch of its first non-fungible token collection in partnership with hockey legend Wayne Gretzky earlier this Monday. Read Also: Dogecoin Experiences Buying Strength from Whales as Price Expects Next MoveThe San Jose, California-based company joined forces with "green" NFT platform OneOf to roll out the collection. The collection will feature 13 different works of art devoted to one of the greatest hockey players of all time. Each piece costs up to $1,500. eBay's dawn back claims that NFTs are disrupting the collectibles sector. eBay was released at the top of the dot-com boom in the late 1990s. It remains the second most popular e-commerce platform in the U.S., but it is substantially lagging behind rival Amazon. Amazon was rumor...