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The issuer of USDT has resolved to end support for Kusama, Bitcoin Cash SLP, and Omni Layer. This move follows an in-depth analysis of the functionality, safety, and stability of these particular blockchains.
Notably, Omni Layer, Tether's first transport layer since its inception in 2014, was instrumental during its early days. However, it has witnessed a decline in popularity due to rising competitive solutions.
Though minting of USDT on the aforesaid platforms will be terminated, the redemption process will stay in place for a duration extending at least a year.
Between mid-July and Base’s public introduction in August, more than 500 scam tokens, like BASEPEPE (BPEPE) and Baby Yoda (YODA), were deployed on the blockchain, as reported by Solidus Labs,
Around 300 of these tokens enabled their creators to generate an unlimited number of coins, unbeknownst to Base users, significantly impacting the tokens’ values.
Moreover, about 60 tokens prevented buyers from reselling them on exchanges.
The scam tokens collectively generated approximately $3.7 million in trading volume and yielded around $2 million in profits, according to Solidus.
Under the new regulations, stablecoin transfers will require up to three business days. This rule has caused bewilderment within the blockchain community.
However, officials state that this restriction is consistent with the pace of standard domestic money transfers and will also apply to stablecoin redemptions.
"The redemption timeline is intended to strike a balance between responsiveness to users’ requests and ensuring there is enough time for the SCS issuer to do so in an orderly manner under various stress situations," added the regulator.
A year has passed since WhiteBIT's exchange token was unveiled on August 14th.
In this brief time, the team behind it didn't just rest on their laurels; they launched a blockchain, making WBT's first anniversary a celebration of a genuine coin!
Facing the challenges of a prolonged bear market head-on, WBT swiftly carved out its own space, gaining a legion of ardent supporters.
Its market standing? A noteworthy triple of its inaugural IEO pricing and a 5th rank amidst centralized exchange tokens, as chronicled by CoinGecko.
We salute this shining star and hope for further ascent, delighting all crypto enthusiasts who set the level! Exploring Vulcan Forged (PYR): A Comprehensive Project Review
Vulcan Forged (PYR) stands as the native token of the blockchain-based game developer, trading hub, and dApps incubator, Vulcan Forged. Created in alliance with Polygon, it functions as the currency for all games and applications within the ecosystem.
The TVL of Coinbase's blockchain has surged to $146 million following its mainnet launch, surpassing StarkNet's TVL of $112 million.
What's particularly striking is that roughly 87% of Base's TVL is held in ETH.
However, the network's throughput still has room for improvement, with its TPS standing at roughly 5.81.
For comparison, here are the TPS figures of other L2 solutions:
Optimism — 6.88
Arbitrum One — 7.26
zkSync Er — 10.72
The study also revealed that 1 in 3 New York residents views cryptocurrencies as a potential contributor to a more equitable financial system and a valuable investment for the future.
The report highlighted the growing adoption of cryptocurrencies within New York, making the state a hub for diverse blockchain initiatives.
It pointed out the existence of 692 blockchain organizations and over 800 founders located in the state of New York. Holochain: Revolutionizing dApp Creation Without Blockchain
Holochain represents a revolutionary software concept. It serves as an open-source foundational platform engineered for building decentralized applications, commonly known as dApps. Holochain promises security and robustness, operating without the need for centralized servers or blockchain technology, but instead harnessing the power of cryptographic protocols and cloud hosting. WhiteBIT Mainnet Goes Live Today!
In just four years, crypto exchange WhiteBIT has made significant strides and numerous accomplishments. It has become the most successful cryptocurrency platform in Europe, underpinned by a robust and efficient ecosystem. But what visionary wouldn't dream of establishing their own blockchain network?
Quantum Blockchain Technologies (QBT), a research company, has unveiled an innovative bitcoin mining method that utilizes artificial intelligence.
According to the company's statement, this new approach to hash verification, as opposed to random selection, boosts the chances of finding a winning hash by approximately 260%.
Stated to be a staggering 10 times faster than Solana, the network accomplishes transaction finality in just 250 milliseconds.
Trading of the blockchain's native token (SEI) has started on different centralized exchanges, and it's now valued at approximately $0.19.
There's also news of an airdrop, but claiming will be permitted only after the "initial warm-up period."
The time frame for this warm-up has not yet been revealed.
Jesse Pollak, Coinbase protocols lead, has clarified the "permissionless" nature of Coinbase’s Layer 2 blockchain, Base, on X (formerly Twitter).
Responding to Gnosis founder Martin Köppelmann's concerns about Base’s centralization, Pollak emphasized that Coinbase doesn't have unilateral control over contracts or the ability to freeze funds on the network.
Despite being the sole operator of Base's sequencer, Pollak insists that the platform aims to be open, permissionless, and decentralized.
Football club Barcelona, an official partner of the cryptocurrency exchange WhiteBit, has divested some of its shares in Bridgeburg Invest.The aim? Raise funds for a new Web3 endeavor named Barca Vision.
This project is designed to become a hub for all club-related digital wonders, be it NFTs or metaverse explorations.
Aptos Labs is set to work with Microsoft to infuse its blockchain products, including fresh developments, with artificial intelligence.
Aptos Assistant, a chatbot, is one such innovation that educates users about the Aptos ecosystem and assists developers in crafting smart contracts and decentralized apps.
A 15% rise in the APT token's value followed the announcement of the collaboration. Frax Finance: A Self-Sufficient DeFi Ecosystem
Frax Finance stands out as a DeFi platform that hosts its own decentralized stablecoins, an automated market maker, a lending platform, a cross-chain bridge, and native tokens. By the close of 2023, this ensemble will incorporate an L2 blockchain. For the time being, the Frax protocol is running on Ethereum. Travala.com: Bringing Blockchain to the Tourism Industry
If blockchain proves beneficial in fields such as finance, data storage, supply chain management, healthcare, and even religion, why not exploit its potential in tourism? We're showcasing the merits of this approach through the established crypto platform, Travala.com! Lead the Pack with EURS: STASIS Pioneering EU Stablecoin
STASIS (EURS) is a blockchain platform headquartered in Malta that facilitates asset tokenization. EURS, a stablecoin, provides feeless transactions on the Ethereum network. With a 1:1 peg to the Euro, it holds a solid position as a Euro-backed digital asset. More information is on the website. 

