The Pulse of the Crypto-Finance Industry: Updates and Insights"

  Venom has revolutionized the blockchain landscape with the successful launch of its testnet. As the first foundation to receive a blockchain operating license from the Abu Dhabi Global Market (ADGM), Venom is proud to provide users and developers with an immersive experience in its blockchain ecosystem. In this blog post, we will delve into the remarkable features and opportunities offered by the operational Venom testnet. The Venom testnet stands as a versatile platform that caters to the needs of both ecosystem users and developers. With its seamless functionality, developers can test and debug decentralized applications (dApps) and blockchain protocols. At the same time, users can actively engage with a diverse range of innovative dApps built on the Venom blockchain, experiencing firsthand the transformative potential of this technology. Since its launch, the Venom testnet has witnessed an influx of users and developers who have enthusiastically embraced its capabi...

Ripple Labs, a prominent blockchain company, recently made headlines with its acquisition of Bitstamp shares previously owned by Pantera Capital, an American investment firm specializing in digital assets. This move demonstrates Ripple's commitment to network expansion despite the ongoing lawsuit with the US Securities and Exchange Commission (SEC). The acquisition has sparked speculation about Ripple's future plans, particularly in relation to its On-Demand Liquidity (ODL) objectives and Liquidity Hub (LH) solution. Additionally, Ripple's market presence is expected to receive a boost, with the Ripple (XRP) price showing signs of a potential 10% upswing. This article explores the implications of Ripple's recent acquisition and its impact on the cryptocurrency market. Despite the legal challenges posed by the SEC lawsuit, Ripple remains determined to pursue its vision of network expansion. The company's CEO, Brad Garlinghouse, revealed that Ripple has approxima...

In the ever-evolving world of blockchain technology and NFTs, the BitBlockWizard NFT Collection, created by BitBlockArt, stands as a unique fusion of art, finance, and social engagement. While these digital assets hold immense potential on their own, their true power is unlocked through interoperability across a myriad of virtual environments. This remarkable capability is made possible by the innovative technology provided by STYLE Protocols. STYLE Protocol, a decentralized and automated protocol, serves as a bridge between assets, enabling interoperability across all virtual environments. Leveraging its native utility token, $STYLE, the protocol facilitates participation and rewards users. Its interoperability functionality spans NFTs and virtual (2D and 3D) assets, making them usable across various metaverses and games, thus providing real in-world utility. I. Enhancing Interoperability with STYLE Protocol 1.1 NFT-Usability Bridge One of the flagship products offered by STY...

The ShimmerEVM testnet has officially set sail with its "Treasures of Shimmer" campaign, sponsored by the Tangle Ecosystem Association (TEA). This exciting news is an opportunity for all Web3 pioneers, treasure hunters, and veterans of the IOTA and Shimmer community to participate in a two-week competition starting on May 3, 2023, at 3 pm CET. The Quest for Glory: What Is the "Treasures of Shimmer" Campaign? The "Treasures of Shimmer" campaign is a competition that offers many opportunities for DeFi explorers, dApp pioneers, and treasure hunters. During this competition, the smart contract activity of all participating projects will be tracked, and the larger the activity, the larger the share of the total reward of $SMR 1,300,000. The earned booty will be distributed generously among competing projects with their saber-rattling crew – the users testing the competing dApps. How to Participate in the "Treasures of Shimmer" Campaign? If you...

The Sui Ecosystem is a decentralized platform that enables developers to build and execute smart contracts and decentralized applications (dApps) in a secure, reliable, and efficient manner. The ecosystem is powered by the Sui blockchain, a high-performance, self-developed blockchain platform that utilizes a hybrid consensus algorithm to ensure fast transaction processing and scalability. In this blog post, we will delve into the details of the Sui Ecosystem, its utilities, and the advantages it has over other blockchain platforms. The Sui Ecosystem The Sui Ecosystem is designed to provide developers with a complete suite of tools to build, test, and deploy their dApps and smart contracts on the Sui blockchain. The ecosystem is built around several key components, including: Sui Blockchain: The Sui blockchain is the backbone of the ecosystem, providing the infrastructure for secure, decentralized transactions. Sui Smart Contract Language: The Sui smart contract language is an easy...

Decentralized finance, or DeFi, has taken the world by storm, creating a new ecosystem of financial applications that are built on blockchain technology. As the demand for DeFi grows, the industry is constantly looking for ways to onboard new users and make the transition to decentralized finance as seamless as possible. This is where Walken, a play and exercise mobile app, comes in. In this blog post, we will explore how Walken is helping to grow DeFi by offering a fun and interactive way to earn crypto. The Walken platform is built by a team with over 50 million app store downloads and $10 million in annual revenue. It is a mobile app that rewards users with WLKN tokens for exercise and in-app game play. What makes Walken unique is that users' characters in the game are non-fungible tokens (NFTs). This means that users can earn tokens while also creating NFTs that can be bought and sold in NFT marketplaces. However, the real power of the Walken platform lies in its direct in...

Hey there! Have you heard about Damus, the new decentralized social network that's making waves? They've just announced an exciting new feature for their app that lets users earn Satoshis - the smallest unit of Bitcoin. Pretty cool, right? The team hasn't given a specific timeline for when this feature will be released, but they're definitely teasing us with the possibility on their social media channels. And honestly, I can't wait to see what they come up with. What's really neat about Damus is that it's built on Nostr, an open-source protocol that uses cryptographic keypairs to create a censorship-resistant platform. That means users can't be banned and posts can't be censored - everything is managed by the community. It's like Twitter, but without the fear of getting kicked off for saying the wrong thing. And the potential of decentralized social networks like Damus is huge. Not only do they protect your data, but they also let you earn ...

The SEC has voted in favor of a proposal that could increase the difficulty for cryptocurrency companies to serve as digital asset custodians in the future. The proposal, which still needs official approval, seeks to amend the "2009 Custody Rule" for custodians of all assets, including cryptocurrencies. According to a statement from SEC Chairman Gary Gensler, some crypto trading platforms offering custody services are not qualified custodians. A qualified custodian is usually a federally or state-chartered bank or savings association, trust company, registered broker-dealer, registered futures commission merchant, or a foreign financial institution. Under the proposed rules, U.S. and offshore firms seeking to become qualified custodians will need to ensure proper segregation of all custodied assets, including cryptocurrencies, and comply with additional transparency measures such as annual audits from public accountants. In a recent announcement, SEC Chairman Gary Gensler ...

The United States Securities and Exchange Commission (SEC) has recently faced criticism from one of its own Commissioners, Hester Pierce, regarding the shutdown of cryptocurrency exchange Kraken's staking program in the country. In a statement titled "Kraken Down," Commissioner Pierce expressed her disappointment with the regulator's decision to shut down a program that she deemed as having served users effectively. She described the SEC's approach to regulating the emerging cryptocurrency industry as inefficient and unfair, and suggested that the regulator should have engaged in a public process to establish a registration process that provides useful information to investors, instead of relying solely on enforcement actions. The SEC charged Kraken with failing to register its staking-as-a-service program and imposed a $30 million USD fine along with a cease and desist order for staking operations in the US, which the exchange has agreed to, according ...

Crypto airdrops have become a popular way for blockchain companies to build community and awareness for their project. If you’re new to the world of crypto, you may be wondering what an airdrop is and how you can maximize your earnings. In this article, we’ll provide 10 tips for maximizing your crypto airdrop earnings. Understand the basics of airdrops: A crypto airdrop is when a blockchain company distributes free tokens or coins to a large number of people. These airdrops are usually given to holders of a specific cryptocurrency, such as Bitcoin or Ethereum, or to people who have signed up for the company’s email list. Follow reputable sources: It’s important to do your research and only participate in airdrops from reputable sources. There are many scams out there, so be sure to only sign up for airdrops from well-known companies with a strong presence in the crypto community. Use a dedicated email address: To sign up for airdrops, you’ll often need to provide your email addr...

Have you ever thought about investing your money? Investing is essentially putting your money into something with the hope of making more money or profits in the future. There are many different strategies that investors can use, and what works for one person may not necessarily work for another. It's important to consider your own financial goals and risk tolerance when deciding on the best investing strategy for you. One popular strategy is to diversify your portfolio. This means investing in a variety of different assets, such as stocks, bonds, real estate, and cryptocurrency rather than putting all your money in one place. Diversification helps to spread risk and can potentially lead to a more stable return on investment. Another strategy is to invest for the long-term. This means holding onto your investments for a longer period of time, rather than trying to make a quick profit. Long-term investing can be a good option for those who have a long-term financial goal, such a...

Have you heard of NFTs? These unique digital assets, also known as non-fungible tokens, have been making waves in the art world and beyond. But what exactly are they, and why are they important? In simple terms, an NFT is a digital asset that is unique and cannot be exchanged for something else of equal value. This is in contrast to cryptocurrencies like Bitcoin, which are interchangeable and can be traded for other cryptocurrencies or fiat currency. So what makes an NFT special? It's all about ownership and authenticity. When you purchase an NFT, you are not just buying a digital file – you are buying the exclusive rights to that asset. This means that you are the only person who can claim ownership of that specific NFT, and you have the ability to sell or trade it as you see fit. One of the most exciting aspects of NFTs is their potential to revolutionize the art world. Until now, it has been difficult to prove ownership and authenticity of digital art. With NFTs...