Ripple Partners With Three Crypto Exchanges as Part of XRapid Solution 8831

Ripple has added three cryptocurrency exchanges to its cross-border payments settlement product, according to a press release published August 16. Ripple has partnered with U.S.-based Bittrex, Mexican Bitso, and Philippine Coins.Ph cryptocurrency trading platforms within its initiative to build a “healthy” ecosystem of digital asset exchange.

The new partners will enable Ripple’s xRapid payments solution to move between XRP and U.S. dollars, Mexican pesos, and Philippine pesos respectively. Ripple explained the operational principle like this:

“A financial institution (FI) that has an account with Bittrex would initiate a payment in U.S. dollars via xRapid, which instantly converts into XRP on Bittrex. The payment amount in XRP is settled over the XRP Ledger, then Bitso, through its Mexican peso liquidity pool, instantly converts the XRP into fiat, which is then settled into the destination bank account.”

XRapid is a liquidity solution for Ripple’s blockchain-based real-time gross settlement system, which is developed to facilitate international fiat transfers between financial institutions. Ripple Chief Market Strategist Cory Johnson said:

“We’ve seen several successful xRapid pilots already, and as we move the product from beta to production later this year, these exchange partners will allow us to provide financial institutions with the comfort and assurance that their payments will move seamlessly between different currencies.”

In May, financial institutions who participated in the pilot of xRapid platform, which tested payments between the U.S. and Mexico, reported transaction savings of 40-70 percent. Additionally, the participants noted an improvement in transaction speed from 2-3 days to “just over two minutes.”

Although the testing showed solid product performance, Ripple chief cryptographer David Schwartz claimed that banks are unlikely to deploy blockchain to process international payments, citing low scalability and privacy problems.

Image via Shutterstock

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CME Group Announces First Day of Trading of Event Contracts on Bitcoin Futures 2605

CME Group, the world’s leading derivatives marketplace, today announced the first day of trading of event contracts on Bitcoin futures.

“Our new event contracts on Bitcoin futures provide a limited-risk, highly transparent way for a wide range of investors to access the bitcoin market via a fully regulated exchange,” said Tim McCourt, Global Head of Equity and FX Products at CME Group. “These cash-settled, daily expiring contracts will further complement our existing suite of 10 event contracts tied to our benchmark futures markets, which have traded more than 550,000 contracts to-date. In addition, these new contracts will offer an innovative, lower-cost way for investors to trade their views on the up or down price moves of bitcoin.”

CME Group offers event contracts on a growing number of its benchmark futures markets, including gold, silver, copper, crude oil, natural gas, E-mini S&P 500, E-mini Nasdaq-100, E-mini Dow Jones Industrial Average, E-mini Russell 2000 and euro-U.S. dollar foreign exchange futures. Valued up to $20 per contract, these daily options on futures enable participants to know their maximum profit or loss when entering a trade.

CME Group event contracts are listed with and subject to the rules of CME. For more information on this product, please see: www.cmegroup.com/eventcontracts.

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.

Join the Plena Smart Wallet Referral Program and Win Big with $1,000,000 in PLENA Tokens! 2937

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Plena Smart Wallet, which is one of the first self-custodial wallets to support Account Abstraction is thrilled to unveil its hotly anticipated referral program that offers rewards worth up to $1,000,000 in $Plena tokens. The program aims to incentivize users to invite their friends and family to join the platform while offering them a chance to earn some significant rewards.

The rules are fairly simple and straightforward. To participate in the program, users simply need to share their referral link with their friends and family. Once a new user downloads the app and signs up through their referral link & successfully completes 3 Transactions on the Fantom chain, both the referring user and the new user will be earning 50 points each. Existing customers can make as many referrals as they like but they must be a new Plena App customer. This means that the more friends and family members you refer, the higher your chances of winning a significant reward.

The program has turned referrals into a game, where users can earn rewards in the form of $Plena tokens for each referral they make & track the leaderboard. ** Limited time offer** In addition to the exciting rewards for individual referrals, Plena Smart Wallet’s referral program offers users the opportunity to win even bigger rewards.The platform is giving away rewards worth up to $100,000 in $Plena tokens to the Top 100 on the leaderboard.

Plena Smart Wallet is a super-friendly self-custodial crypto wallet which offers native support for Account Abstraction. Its revolutionary approach to tackling persistent issues in the cryptocurrency market, such as poor user experience, is enhancing the accessibility of blockchain technology to the general public. Plena’s objective is to onboard the next billion users through its innovative smart contract wallet, which allows users to begin their cryptocurrency journey without requiring extensive knowledge of blockchain.

Say Goodbye to Poor User Experience and Hello to an Exciting Crypto Journey. Join the Next Billion Users Now!

Download The App Now: Playstore | AppStore

Nobody Studios Becoming a Blockchain Innovation Hub with Ibex Labs Addition 3168

Nobody Studios, (https://nobodystudios.com/), announced today its first strategic move in the blockchain space by adding the Ibex Labs team to its ranks.

Launched in 2022 by co-founders Zack Pyzer and Jeremy Shankle, Ibex Labs is a platform for creating decentralized applications on the Polygon blockchain.

Ibex Labs will perform a ‘building block company’ role in Nobody Studios, a term that means a company whose technology, in turn, helps to build other Studio portfolio companies. Nobody Studios will be deploying the Web3 platform to explore opportunities for building companies at the intersection of blockchain, retail, gaming, and hospitality, among others. Before Ibex Labs, two additional building block companies had already joined the Nobody Studios journey: ThoughtForma, an intelligent no-code platform, and The Adjacent Possible, an AI-powered IP creation platform.

Top brands and Fortune 1000 companies worldwide seek to integrate blockchain functionality to bolster mission-critical systems, including payments and loyalty programs. Nobody Studios and Ibex Labs will answer the growing demand for permissionless and decentralized technology, evolving far beyond the utilities of trading crypto and NFTs into practical applications that solve real problems.

In addition to working alongside the Nobody Studios team, Ibex Labs will provide enterprise-scale solutions in compatible fields to established companies looking to explore blockchain-as-a-service tooling.

“As soon as we began talking to Nobody Studios, we knew we had found the best possible home for our platform,” said Zack Pyzer, co-founder and CEO of Ibex Labs. “The greatest partnership that a company-building engine could dream of is to work with a venture studio to quickly find projects that work, and scale them up. We are on the precipice of blockchain becoming a core component across multiple sectors, and together we will be able to take advantage of what is coming.”

Nobody Studios CEO and Chief Nobody Mark McNally comments, “The addition of Ibex Labs is in alignment with our strategy to support all portfolio companies with the best technology this world has to offer. We’re thrilled that Ibex Labs will be joining our family of companies, and honored that Nobody Studios continues to attract such quality individuals like Zack and Jeremy.”

Jeremy Shankle, co-founder and CTO of Ibex Labs, explained that his philosophy in building sustainable Web3 companies aligned with the Nobody story: “In the long crypto and NFT bull markets, everyone was leaning into speculative trading and tokenization as a panacea in place of a business model. We want to generate companies that use blockchain as a value add, rather than as a way to segue trading into everyday products and experiences. That approach aligned with Nobody Studios’ values right from the first call.”

As a venture studio headquartered in Los Angeles, and with global teams based in New York, London, Tel Aviv, and Manila, Nobody Studios is an already distributed operation that is well-placed to integrate the Ibex Labs founders, who are split between Tel Aviv and Berlin, two of the world’s hotspots for blockchain innovation.

ABOUT NOBODY STUDIOS

Nobody Studios is a Crowd Infused™ company creation machine bringing together creators, entrepreneurs, and investors to build businesses that shape a more vibrant, human, and equitable future. For more information, please visit, https://nobodystudios.com

ABOUT IBEX LABS

Ibex Labs is an enterprise-scale, no-code Web3 platform built to create decentralized applications on the Polygon blockchain, focusing on sectors such as retail, media, gaming, and hospitality.

ODoge Solidifies its Place in Bitcoin and Memecoin History with Acquisition of First-ever DOGE Ordinal for 10BTC 3149

Every day in the crypto sector is marked by the advent of innovation. A recent innovation that has taken the crypto sphere by storm is the ‘Ordinals’. Within months of its inception, this unique invention has managed to allure a plethora of investors.

In January 2023, a renowned software engineer, Casey Rodarmor revived the lost glory of Bitcoin when he deployed the Ordinals Protocol on the Bitcoin Network. With this protocol, users can now create Non-fungible tokens (NFTs) on the platform. In simple words, Ordinals can be called ‘Bitcoin NFTs’.

Ordinal Dogecoin, the first-ever real memecoin on the Bitcoin blockchain, is pleased to announce to the oDOGE community that $oDOGE Emblem Vault has successfully acquired Ordinal Inscription #5768, the true first-ever DOGE on Bitcoin, in an OTC trade for the value of 10BTC in $oDOGE tokens, facilitated by a well-known Bitcoin OG and OTC intermediary.

The acquisition, which is the second-highest Ordinal sale to date, solidifies the $oDOGE token’s place in Bitcoin blockchain and memecoin history and is expected to fuel its growth and popularity in the coming months, forever marking a new era of Bitcoin meme culture.

Ordinal Inscription #5768, the first DOGE Ordinal EVER (as well as an extremely low mint Ordinal)

Ordinal Inscription #5768 will be held forever at the Emblem Vault address with the $oDOGE Logo Ordinal.

What does this mean for $oDOGE?

With the latest breakthrough, Ordinal Technology is expected to gain greater traction in the blockchain community, and $oDOGE is leading the way as a distinctive feature coin that is safe for mining, much like other well-known cryptocurrencies from JPEGs on Bitcoin and memecoin on Bitcoin Original. The blockchain compensates miners for their efforts by generating new Dogecoin each day.

The acquisition of the first ever DOGE ordinal for 10BTC by $oDOGE is a significant milestone in the development of the crypto sphere. It solidifies $oDOGE’s place in Bitcoin and meme coin history, and the team behind the token is committed to continuing to innovate and provide new features that meet the needs of its growing community.

A Quick Overview of oDOGE

The Ordinals Protocol, which was recently deployed on the Bitcoin Network, allows users to create non-fungible tokens (NFTs) on the platform. With the Ordinals Protocol, the $oDOGE token combines conventional and smart contracts on Ethereum to unlock the power of Bitcoin and create a distinctive feature coin that is gaining popularity in the crypto sphere.

The $oDOGE token has been fully fractionalized, wrapped, and integrated as an ERC-721 or ERC-20 token, allowing dApps and DEXes on ETH Miannet to interact with the original $oDOGE.

Moreover, Ordinal $oDOGE tokenomics is used to provide the token for tax and start liquidity. The token supply consists of 1,000,000,000,000,000 $oDOGand the users will pay a 0% tax while buying or selling $oDOGE.

In a quick recap of the first 5 days of oDOGE’s launch, 50% of the supply has been burnt, and 15 ETH in BURNED LP. $oDOGE saw a total of $30 million+ daily volume, with the total number of $oDOGE holders reaching 1,020.

oDODE has been gaining huge support from Bitcoin OGs, Memecoin OGs, and several blockchain influencers, and the oDOGE community is growing every day. Furthermore, with upcoming partnerships and marketing plans in the pipeline, oDOGE is set to reach newer heights in the coming weeks.

About the Project – Ordinal Dogecoin

Ordinal Dogecoin is a newly designed original memecoin created by combining ordinal and smart contracts on Ethereum. The ordinal technology unlocked the true potential of the Bitcoin Network in the way of $oDOGE. The $oDOGE is gaining popularity because of its unique features and secure transaction. It is designed by combining ordinal and smart contracts on Ethereum, which is entirely facilitated on the Bitcoin Blockchain.

Furthermore, potential investors and cryptocurrency enthusiasts interested in Ordinal Dogecoin can visit the project’s official website or check out their social platforms for more details.

https://odoge.co/

Chainlink Price Feeds Go Live on Base Testnet, New Ethereum L2 Incubated by Coinbase 3447

Today, Chainlink Price Feeds are live on Base testnet, a new Ethereum L2 incubated by Coinbase. Base aims to offer developers a secure, low-cost way to easily build decentralized applications. With this integration, developers building on Base can have access to industry-standard Chainlink Data Feeds and other web3 services.

Base will also be participating in the Chainlink SCALE program, designed to make Chainlink data and services available to developers at a lower cost. As part of the program, Base will cover certain operating costs of Chainlink services on its network, and reduce the gas costs incurred by Chainlink nodes when submitting oracle reports on Base.

“We’re super excited to launch Base with collaborators such as Chainlink, and to join the Chainlink SCALE program to empower developers with the critical data and services they need to build their applications,” said Jesse Pollak, Base lead.

Chainlink SCALE is an initiative centered around sustainably accelerating the growth of blockchain and Layer-2 ecosystems. Its focus is providing L1s/L2s with increased access to high-quality, low-cost, and in-demand oracle services by enabling them to cover the operating costs (e.g. transaction gas fees) of Chainlink oracle networks for a period of time. As blockchain/L2 ecosystems in the Chainlink SCALE program mature, the operating costs of oracle networks can increasingly transition toward being fully covered by dApp user fees.

“We’re thrilled to support the testnet launch of Base and work with them on the SCALE program to support the ecosystem growth and long-term adoption of the Base Layer-2 network,” said Niki Ariyasinghe, Global Head of Blockchain Partnerships at Chainlink Labs. “By reducing the operating costs of oracle nodes, Base will be able to bootstrap its ecosystem’s growth and become a more attractive environment for building secure and scalable Web3 apps.”

This deployment of resources will help Base become a secure and high-utility layer-2 solution in the Ethereum ecosystem, while giving its ecosystem developers a wide range of highly reliable oracle services for an extended period of time. This will set a foundation for Base to be able to support secure, fully featured, and highly performant applications.

About Chainlink

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

Introducing AuraPool: The world’s first NFT marketplace for hashrate collectibles 3398

Cudo, the team behind the sustainable Cudos blockchain, Cudo Compute and Cudo Miner, has introduced the latest exciting addition to the Cudos ecosystem – AuraPool, an NFT marketplace for hashrate collectibles.

As a first-of-its-kind NFT marketplace, AuraPool connects NFT fans, digital art collectors, Bitcoin miners, casual gamers, and mining farms all via a frictionless platform that brings utility to the world of digital collectibles. AuraPool is the first tokenised infrastructure marketplace for the next generation of sustainable Bitcoin miners that brings clean energy to mining via hashrate collectibles.

The NFT marketplace fractionalises hashrate generated by renewable energy BTC farms with daily rewards that are then distributed directly to the holders digital wallet. With hardware managed by providers in the marketplace there is no expensive equipment or technical knowledge needed, making mining accessible for absolutely everyone who joins. In addition, AuraPool is developing a roadmap of exciting and interactive games, and user challenges for a more immersive and engaging experience, offering players the chance to challenge and win a percentage of hashrate from other players. AuraPool will be launching their in-platform games in the near future. NFT or CUDOS token holders will have voting power and can even help determine which games are built and go into development next.

The first hashrate collection to drop on AuraPool will launch in March. The artist behind the first collection is Delux3, a well-known artist and former designer at global apparel brand, Nike. Delux3 has a unique style that has been described as ‘refined street art’ thoughtfully composed with unexpected colour combinations that have deep tonal layers. As an established artist both within the mainstream art world and the Solana blockchain ecosystem, Delux3 brings his clear vision and abstract eye to the new hashrate collection for AuraPool.

AuraPool is built to be fully transparent, with each seller’s collection displaying maintenance costs. Users are also free to sell their collectibles on the open marketplace whenever they want. AuraPool’s strict due diligence process ensures that new BTC mining farms are financially sound, environmentally and sustainably responsible, and have a solid team in place before they are allowed to list their collections on the AuraPool marketplace. In line with Cudos’ Cosmos-based multichain philosophy, AuraPool also presents an opportunity for chains to unite under the multichain umbrella of the NFT marketplace.

As well as facilitating the viewing, buying, and trading of hashrate collections, users will also be introduced to gaming on the marketplace. By allowing users to battle each other for one another’s hashrate, AuraPool provides a rewarding gaming experience that opens up the marketplace for future metaverse function. NFT or CUDOS token holders will be given voting power that will determine which games will be built next. This integration of gaming into the world of cryptocurrency mining offers endless potential for players to hone their skills and strategy, creating an engaging and thrilling experience unlike any other.

Commenting on the latest Cudos-backed venture, CEO and Founder, Matt Hawkins of Cudos stated: “We believe that the future of the digital world lies in user-friendly and sustainable solutions. The Cudos ecosystem is set up to support cost-efficient ways of monetising underutilised computing hardware while furthering sustainability and social impact initiatives. The upcoming launch of our new sustainable marketplace – AuraPool, represents a major step in this direction, and we’re proud to be driving the crypto mining industry towards a more inclusive space. This also provides monetisation opportunities that are in line with our vision to create a cleaner, cheaper and a more equitable world”

The Cudos ecosystem provides a wide range of services, from cloud computing and data storage, to payment processing and secure online transactions. With its focus on sustainability, Cudos Ventures is committed to reducing carbon emissions and minimising its impact on the environment, making it the ideal choice for companies and individuals who are looking to make a positive difference in the world.

To keep up to date with the latest announcements, visit the AuraPool website: https://www.aurapool.io/

About Cudos

Cudos is powering the metaverse bringing together DeFi, NFTs and gaming experiences to realise the vision of a decentralised Web3, enabling all users to benefit from the growth of the network. We’re an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs to create fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network, designed to ensure decentralised, permissionless access to high-performance computing at scale. Our native utility token CUDOS is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.

About Cudo Ventures

Cudos Ventures is a leading provider of innovative sustainable solutions for the digital world. With its cutting-edge technology and user-friendly interface, the company is committed to transforming the online landscape and making a positive difference in the world. Every day, our platforms deliver value to our users that boost revenues, increase margins and enable rapid responses to changing market dynamics and volatility.