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Stripe Embraces Crypto: Reintroducing Payments with a Focus on USDC

by Ouess
written by Ouess

Stripe, the payment processing giant, has made a significant move by reintroducing cryptocurrency payments into its platform. This time, the focus is on USDC, allowing businesses to accept payments on Solana, Ethereum, and Polygon starting this summer.

Despite discontinuing Bitcoin payments in 2018 due to high costs and volatility, Stripe has maintained its interest in the crypto space. In 2022, it extended support to NFT purchases and Web3 companies.

John Collison, co-founder of Stripe, expressed the company’s re-engagement with crypto, stating, “Crypto is back. @Stripe will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat.”

The decision to support stablecoin payments reflects Stripe’s recognition of the potential of digital currencies while offering a less volatile alternative to traditional cryptocurrencies.

USDC, a stablecoin pegged to the value of the U.S. dollar issued by Circle Internet Financial, serves as the primary focus for Stripe’s cryptocurrency payments. With a market capitalization of US$33.45 billion, USDC stands as the second-largest stablecoin globally, following Tether’s USDT, which boasts a market capitalization of US$110.9 billion, according to CoinGecko data.

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Losers

Unpacking Forbes’ Critique: Are XRP, ADA, and Others Truly ‘Crypto Zombies’?

by Ouess
written by Ouess

Forbes recently published a research article dubbing several prominent cryptocurrencies, such as XRP and ADA, as “crypto zombies.” This term characterizes layer-1 blockchains with substantial market value but limited real-world applications beyond speculative trading.

The article singles out Ripple Labs, the driving force behind XRP, as a prime example of a crypto zombie. Despite XRP’s active trading volume, Forbes argues its utility remains confined to market speculation.

Ethereum Classic (ETC) also makes the list due to its significant market value but comparatively low network fees. Originating from a hard fork resulting from the DAO incident in 2016, Ethereum Classic emerged as a continuation of Ethereum’s original blockchain.

Algorand, once hailed as an “Ethereum killer” for its high transaction throughput, faces scrutiny from Forbes for its low income from blockchain transaction fees, indicating a lack of practical utility.

The mention of Cardano came as a surprise, with Forbes suggesting it rides on the popularity of its founder, Charles Hoskinson, and raising concerns about his educational background.

Supporters of Cardano counter these claims, highlighting its active ecosystem and tangible value beyond speculation. They point to network growth and ongoing development as proof of its vitality and relevance.

While Forbes’ assessments may seem critical to community members, it’s essential to remember they represent individual perspectives, not absolute truths. Some projects cited indeed struggle with utility, while others thrive with robust ecosystems and use cases.

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Press Release

BlackCard’s BcCoinToken: Revolutionizing Crypto Payments and Market Accessibility

by Ouess
written by Ouess

After relentless effort, our debut in the market with BlackCard Credit Card has proven highly successful. Introducing the BcCoinToken, our AI technology empowers you to seamlessly spend cryptocurrency anywhere traditional debit cards are accepted.

Say farewell to limitations and welcome the freedom to utilize digital assets for everyday purchases, online shopping, and ATM withdrawals.

With the BlackCard Crypto Credit Card, converting your cryptocurrencies into local currency at every checkout is now a breeze. No more hassle with intricate transactions or conversions – just pure convenience at your fingertips. Alongside global payments through our crypto credit card, we’ve recently unveiled the BcCoin Token.

Its recent astounding surge in value is truly remarkable, soaring an impressive 4000% from its initial price of 30 cents to over $10.00. This sharp rise has captured the attention of investors and enthusiasts alike.

The minds behind the BcCoin project are thrilled to announce its imminent listing on 30 prominent cryptocurrency exchanges, with subsequent inclusion on the top 8 largest exchanges in the market. This strategic step marks a significant milestone in BcCoin’s journey towards broader accessibility and adoption within the digital asset ecosystem.

Listing on these 30 exchanges is part of BcCoin’s comprehensive strategy to enhance liquidity and broaden its investor base. By expanding across multiple platforms, BcCoin aims to offer greater accessibility and convenience for traders and investors looking to engage with its ecosystem.

This strategic pricing establishes a clear benchmark for potential returns, positioning the token as a dynamic asset poised for significant appreciation.

As we near the month’s end, an eagerly anticipated announcement from the BcCoin leadership promises further advancements in the cryptocurrency realm, solidifying BlackCard Credit Card’s position as a pioneer in global crypto payments.

BlackCard is on the verge of serving an immense market, with an estimated 500 million crypto wallet owners worldwide standing as potential customers. This presents a monumental opportunity to reshape the landscape of global financial transactions.

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Gainers

Crypto Market Analysis: BTC and ETH Trading Ranges Post-Halving

by Ouess
written by Ouess

Bitcoin (BTC) and ether (ETH), leading the crypto market, are currently maintaining narrow trading ranges as traders evaluate broader economic conditions following the halving event.

As of now, bitcoin is priced above $66,600, while ether is being exchanged at $3,240.

Following a period of turbulence, marked by geopolitical tensions and anticipation surrounding the bitcoin halving, a sense of stability has returned to the market. Both bullish and bearish sentiments are subdued, with neither side taking decisive control of price movements.

Thomas Kim, a trader at Presto, noted that market volatility has calmed somewhat post-halving. Recent three-day realized volatility has been lower than the implied volatility of BTC options, indicating that investors are still assessing macroeconomic factors.

Data from CoinGlass reveals that over the past 12 hours, liquidations totaling $52.46 million have occurred. While ether and BTC positions dominate, there are notable liquidations in other tokens like HBAR and PEPE.

HBAR 7day chart

Justin d’Anethan from Keyrock, a crypto market maker based in Asia, expressed in a Telegram interview that traders are currently indecisive, struggling to establish clear positions.

He mentioned a range of negative factors impacting the market, such as the SEC’s intentions to delay ETF applications, President Joe Biden’s remarks on crypto mining, and ongoing outflows from crypto investment products. However, d’Anethan also sees a potentially bullish aspect, suggesting that the recent pullback, triggered by leveraged long liquidations, has likely removed some speculative excess, leaving the market at a solid level with committed capital.

Coinglass data highlights that during Iran’s missile attack on Israel over the April 12-13 weekend, more than $1.4 billion worth of long positions were liquidated.

Considering the halving event, crypto investors appear reluctant to part with their assets, possibly positioning themselves for long-term price gains.

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Press Release

BINANCE’S 53rd LAUNCHPOOL PROJECT is announced : RENZO ($EZ)

by Ouess
written by Ouess

Binance unveils the 53rd project on its Launchpool: RENZO $EZ.

Binance has announced that users will be able to stake their BNB and FDUSD into separate pools to farm EZ tokens over six days, with farming starting from 2024-04-24 00:00 (UTC).

Listing

Binance will then list EZ at 2024-04-30 12:00 (UTC) and open trading with EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD and EZ/TRY trading pairs.

You can have more information via the official Binance webpage :

https://www.binance.com/en/support/announcement/introducing-renzo-ez-on-binance-launchpool-farm-ez-by-staking-bnb-and-fdusd-b1e64410cc9c4ab29687392f5581a61b

Renzo General information :

RENZO (EZ), is a liquid restaking protocol.

  • Renzo is a protocol that abstracts all staking complexity from the end-user and enables easy collaboration with EigenLayer node operators and a Validated Services (AVSs).
  • ezETH is Renzo’s liquid restaking token that allows users to have exposure to restaking while maintaining liquidity.
  • $REZ is the native utility and governance token for the Renzo protocol, it will be used to vote on governance proposals on matters regarding the Renzo protocol, some of which will be key measures to the operations of the protocol.
  • As at April 23, 2024, the total supply of $REZ is 10,000,000,000 and the circulating supply upon listing will be 1,050,000,000 (~10.50% of the total token supply.)
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Press Release

WEEX Token (WXT): Revolutionizing Rewards and Incentives in Cryptocurrency Trading

by Ouess
written by Ouess

As a prominent player in the cryptocurrency realm, WEEX Exchange is set to revolutionize its ecosystem with the imminent launch of its exclusive proprietary token, the WEEX Token (WXT), slated for release this summer.

Introduction to WEEX: Since its inception in 2018, WEEX has swiftly established itself as a powerhouse in the cryptocurrency exchange arena, offering robust trading solutions to a global user base exceeding 2 million. With a wide array of trading options, including spot and futures trading, as well as innovative features like copy trading, WEEX stands out as a comprehensive platform facilitating seamless transactions across various digital assets.

Introducing WEEX Token WXT: At the heart of WEEX lies WXT, its native token operating under the ERC-20 standard on the Ethereum blockchain. Designed as the cornerstone of the WEEX ecosystem, WXT serves as a dynamic incentive mechanism to reward partners, contributors, pioneers, and active community members. Beyond a mere token, WXT is integral to enriching community engagement and fostering a robust reward system within the WEEX exchange.

Dynamic Incentive Mechanism: WXT operates as a dynamic incentive, recognizing and rewarding the contributions and engagement of the WEEX community members. This innovative approach is poised to revolutionize interactions within the platform, ensuring that contributions are duly acknowledged and rewarded.

WXT’s Technological Assurance: Audit and Security: Ensuring the security and integrity of WXT is paramount. A rigorous audit conducted by BEOSIN, a leading Web3.0 smart contract audit firm, has validated the robustness, network security, and risk management protocols of the WXT smart contract, ensuring its safety and scalability for broader adoption.

Exclusive Benefits for WXT Holders: Holding WXT unlocks a myriad of exclusive benefits aimed at enhancing the trading experience on WEEX, including futures fee discounts, referral bonuses, additional profit-sharing through copy trading, exclusive interest benefits, and access to unique airdrops and promotional rewards.

WEEX WXT Supply and Distribution: With a total supply of 10 billion, WXT’s distribution and release schedule include allocations for investor protection, ecosystem development, private sale, holding incentives, team incentives, user acquisition and retention, and brand building/KOL partnerships.

Looking Ahead: WEEX and WXT’s Impact on Crypto Trading: The launch of WXT signifies more than just a token release; it signifies an evolution of the WEEX ecosystem to deliver enhanced value to its loyal user base. The WEEX team is optimistic that WXT will attract a broader audience, foster greater community engagement, and solidify WEEX’s position as a major player in the cryptocurrency exchange landscape. Integrating WXT will introduce new features to crypto trading, facilitating trade and rewarding participation and loyalty within the platform.

For further details and updates on WXT and other offerings, traders and crypto enthusiasts are encouraged to visit the official WEEX website. As the launch date approaches, the crypto community eagerly anticipates how WXT will shape the future of trading on WEEX.

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Press Release

EY Unveils OpsChain Contract Manager: Revolutionizing Business Agreements with Ethereum Blockchain

by Ouess
written by Ouess

Ernst & Young (EY) has rolled out a groundbreaking blockchain tool, the OpsChain Contract Manager (OCM), built on Ethereum. This move marks a significant stride toward streamlining intricate business agreements while prioritizing confidentiality, efficiency, and cost-effectiveness.

EY’s New Blockchain Solution

EY, a leading accounting firm, has unveiled the EY OpsChain Contract Manager (OCM), a blockchain-powered tool designed to simplify complex business agreements, reduce costs, and bolster security. The OCM addresses the challenges of managing agreements across diverse operational and technological boundaries, both internally and externally.

Leveraging Public Blockchain Benefits

EY introduced the OCM platform during its annual Global Blockchain Summit, initially deploying it on the Polygon proof-of-stake blockchain before transitioning to the Ethereum mainnet. This strategic move harnesses Polygon’s lower transaction fees while preparing for Ethereum’s extensive network capabilities.

Paul Brody, EY’s Global Blockchain Leader, highlighted the advantages of leveraging a public blockchain, stating, “Deploying on a public blockchain is not only cheaper but also much more scalable, enabling many-to-many integrations on an open platform with no single company holding undue control over the network.”

Enhanced Confidentiality with ZK-Proofs

A standout feature of the OCM platform is its utilization of zero-knowledge proofs (ZKPs) on the Ethereum network, ensuring contract confidentiality without compromising efficiency. ZKPs enable parties to verify information accuracy without disclosing sensitive details, safeguarding critical contract terms, transaction specifics, and confidential value chain information.

Automated Validation and Compliance

The OCM boasts automated contract term validation through real-time checks, ensuring policy adherence and promptly notifying users of any discrepancies. By preventing non-compliant transactions, the platform fosters equity between buyers and sellers while reducing expenses associated with establishing and maintaining private networks.

Paul Brody emphasized the efficiency gains from automating contracts, stating, “Contract automation can significantly enhance accuracy, cutting cycle times by over 90% and overall contract administration costs by nearly 40%. With our zero-knowledge privacy technology, we’ve industrialized this capability, offering these benefits at a fraction of the upfront cost.”

Continued Blockchain Initiatives by EY

This latest development underscores EY’s steadfast commitment to blockchain technology. Previously, the company introduced blockchain solutions aimed at enhancing transparency and accountability in government operations. Collaborations with industry leaders like ConsenSys and Microsoft have led to the development of the Baseline protocol, a suite of blockchain tools for enterprises. EY’s integration of Polygon with flagship blockchain services further cements its position in the blockchain ecosystem.

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Losers

Market Trends Update: Bitcoin and Ether Prices, Watch Market Decline

by Ouess
written by Ouess

Bitcoin (BTC) experienced a drop of almost 4%, dipping below $62,500 during the early hours of the Asian business day. At the same time, Ether (ETH) is holding steady above the $3,000 mark.

The Bitcoin Trend Indicator (BTI) has shifted from bullish to neutral, indicating a waning of upward momentum. This indicator, updated daily, communicates both the direction and strength of Bitcoin’s price trends through a specialized algorithm.

Since October 2023, the Bitcoin BTI has consistently signaled an uptrend or a significant upward movement, coinciding with reports of major fund managers nearing discussions’ end with the Securities and Exchange Commission (SEC) regarding the launch of spot bitcoin exchange-traded funds (ETFs).

Similarly, Ether’s trend indicator has also reached a neutral position.

Market data reveals that on April 15, there were no outflows from any bitcoin ETFs except for GBTC. The total flow for last week saw a negative of $82.5 million, primarily due to outflows from GBTC.

Matteo Greco, a Research Analyst at Fineqia, noted in a statement shared with CoinDesk that despite the market downturn, trading volumes remained strong. BTC Spot ETFs recorded a weekly trading volume of about $16.2 billion, averaging $3.2 billion per day. Since inception, the cumulative trading volume stands at approximately $212 billion, with an average daily trading volume of around $3.3 billion.

Meanwhile, a recent report from Watchcharts.com and Morgan Stanley highlights a continued decline in luxury watch prices. The report suggests that despite the robust performance of equity and crypto markets, which might have temporarily eased downward pressure on prices, the secondary market for watches saw sequential contraction in the first quarter. High inventory levels are cited as a primary reason for the ongoing decline in market prices, leading the report to conclude that it’s premature to anticipate an immediate recovery in the secondary watch market.

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Press Release

Xuirin Finance Unveils DeFi Card: Bridging Traditional Finance with Crypto

by Ouess
written by Ouess

Xuirin Finance recently unveiled its DeFi card, a novel solution aimed at merging the functionalities of traditional debit and credit cards with the decentralized financial services of DeFi.

The introduction of this card is intended to simplify daily transactions using cryptocurrencies, fostering their integration into the global payment ecosystem.

Overview of Xuirin Finance’s DeFi Card

Xuirin Finance’s DeFi card enables users to conduct various financial transactions, such as online purchases, bill payments, and cash withdrawals at ATMs, using cryptocurrencies. This move is part of Xuirin Finance’s initiative to enhance the accessibility and practicality of digital currencies in everyday financial operations.

Presale Stages and Token Distribution

In the initial presale phase, Xuirin Finance offered 15 million tokens at a price of $0.03 each, reaching a funding cap of $450,000. Following the completion of Stage 1, the company is gearing up for the second stage of the token presale, where 25 million tokens will be offered at $0.04 each, aiming to raise $1 million.

Xuirin Finance’s $500K Mega Giveaway

Parallel to the ongoing presale, Xuirin Finance has announced a Mega Giveaway, featuring $500,000 in prizes. The giveaway includes substantial rewards for 20 winners, aimed at engaging and expanding the community around Xuirin Finance’s offerings. Participation in the giveaway necessitates a minimum investment in the presale, with additional engagement opportunities provided to enhance winning chances.

Key Features of Xuirin Finance’s Offerings

Xuirin Finance has incorporated several features into its DeFi card, focusing on enhancing the practicality of cryptocurrencies for daily transactions. These features encompass seamless online shopping, bill payments, and ATM withdrawals with digital currencies. The initiative underscores the company’s commitment to improving the infrastructure supporting the wider adoption of decentralized finance technologies.

Future Outlook for Xuirin Finance

As the presale advances and Xuirin Finance continues to refine its services, the company remains dedicated to expanding the practical use of cryptocurrencies in everyday financial transactions. This endeavor aligns with ongoing developments in the cryptocurrency sector aimed at enhancing user accessibility and convenience.

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Press Release

BINANCE’S 52nd LAUNCHPOOL PROJECT SIGNALS A NEW ERA IN THE ETHEREUM ROLLUP ECOSYSTEM ($OMNI)

by Ouess
written by Ouess

Binance has announced the 52nd project on Binance Launchpool OMNI Network $OMNI , a layer 1 blockchain designed to integrate Ethereum’s rollup ecosystem into a single, unified system.

Users will be able to stake their BNB and FDUSD into separate pools to farm OMNI tokens over four days, with farming starting from 2024-04-13 00:00 (UTC).

Binance will then list OMNI at 2024-04-17 12:00 (UTC) and open trading with OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY trading pairs. You can have more information through the official announcement webpage.

https://www.binance.com/en/support/announcement/introducing-omni-network-omni-on-binance-launchpool-farm-omni-by-staking-bnb-and-fdusd-3954d04933da443ab539ca38616013de

What is Omni Network?

  • Omni is Ethereum’s integrated rollup layer that allows developers to build unified applications across all Ethereum scaling solutions. It is powered by a novel blockchain architecture that supports sub-second finality with security derived from Ethereum through restaking.

Project Key Highlights

  • Dual Staking Model: Omni is a Proof-of-Stake network secured by the combined value of restaked ETH and staked OMNI.
  • Sub-Second Verification: Omni nodes use CometBFT consensus to process cross-rollup messages and Omni EVM transactions in under one second. Using alternative finality mechanisms, such as pre-confirmations and transaction insurance, Omni can provide sub-second finality for cross-rollup messages.
  • Diverse Rollup Support: Omni is designed with minimal integration requirements to ensure compatibility with any rollup virtual machine, programming language, and data availability architecture.
  • Backwards Compatibility: Applications can integrate Omni without modifying their existing smart contracts. Instead, applications can employ modified frontend instructions to send cross-rollup messages through Omni.
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