Square Cash Opens Bitcoin Buying and Selling in All 50 States 7166

Less than two weeks after sharing Square’s cryptocurrency profits had doubled in the second quarter, the payments company made the long-awaited announcement on Twitter: users can now use Cash App to buy bitcoin in all fifty states. The move is yet another in a string of moves and statements by Square CEO Jack Dorsey, who has long expressed a bullish view of the cryptocurrency.

“The internet will have a single currency. I personally believe that it will be bitcoin,” Dorsey said.

Square, which added bitcoin purchase and sale functionality to its payments app in late 2017, had slowly expanded bitcoin functionality in the time since. The simple mobile interface was made available to users in select states before the payments company acquired a bitlicense from the New York Department of Financial Services and added support in New York state in June.

Brian Grassadonia, Head of Cash App, noted the significance of the approval in New York state, teasing more to come: “We are thrilled to now provide New Yorkers with Cash App’s quick and simple way to buy and sell bitcoin. Square and the New York State DFS share a vision of empowering people with greater access to the financial system and today’s news is an important step in realizing that goal.”

During the roll-out, Square reported it generated more than $70 million in bitcoin-related activity in the first half of 2018, earning less than a half-million dollars in trading fees. During this period, bitcoin fluctuated wildly, trading in a range between $6,000.00 BTC and more than $19,000.00.

Availability in all fifty states positions Square’s Cash App to compete more directly with Coinbase, the leading consumer application for cryptocurrency purchases in the United States. Coinbase claims to have enabled the trade of more than $150 billion cryptocurrencies since its launch in 2012, generating more than $1 billion in revenue in 2017 from a reported 20 million registered users.

At the end of 2017, Square reported more than 7 million monthly active users, many who joined for the peer-to-peer USD sending service.

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zkLink Nova Unifies Liquidity On-Chain with Token Merge Event 5646

zkLink Nova (“Nova”), the first aggregated Layer 3 (L3) ZK-Rollup network with EVM-compatibility, today announced the consolidation of stablecoins and wBTC into single tokens on Nova, enhancing liquidity within the Nova ecosystem, aimed at creating the largest liquidity pool across all Layer 2 (L2) and Layer 3 networks. The announcement follows shortly after Nova’s mainnet launch and is the next milestone in zkLink’s mission to resolve the issue of liquidity fragmentation across L2 networks.

Currently, Nova has achieved asset aggregation, allowing users to deposit native assets from various L2 networks onto Nova for cross-chain asset trading. However, having the same assets from these networks shown as different tokens on Nova (i.e. USDC.arbi, USDC.Linea, etc.) can hinder users’ trading experience. As such, Nova has deployed “MergeToken” smart contracts to consolidate assets of the same value from different chains on Nova into a single token (e.g. USDC.arbi, USDC.Linea merge into USDC). The first tokens to merge are stablecoins USDC, USDT, DAI; followed by wBTC and other tokens upon projects’ requests.

The token merge process will be managed by a prestigious governance committee of 12 prominent projects and institutions including Wintermute, Particle Network, Skynet Trading, Flowtraders, Ascensive Assets, Republic Crypto, Efficient Frontier, SIG, USDV, Layer Bank, Redstone Oracles and Manta Network. This committee will review and approve or deny the proposals to merge additional tokens into Nova’s L3 infrastructure—decentralizing decision making and preventing autonomous control.

“We’re setting the precedent for a practice that we hope more projects will adopt to make the web3 trading environment friendlier. Support from the governance committee underscores token merge’s legitimate potential to unlock new DeFi use cases.” said Vince Yang, CEO and co-founder of zkLink. “Our liquidity pool from MergeToken provides the industry’s most flexible, secure resource that cuts the frustration of fragmented stablecoin transfers, especially useful as more RWAs & LRTs go on-chain.”

MergeToken allows zkLink developers to deploy dApps that take full advantage of consolidated liquidity for tokens of the same value, expanding the kinds of use cases projects can offer and fosters more growth to encourage cross-chain user interaction. Nova will serve as the network on which assets of the same value can be combined into a single token—boosting liquidity of the Nova network as well as overall L2 ecosystem.

When users deposit into MergeToken smart contracts, users will gain the equivalent value of unified tokens. On the other hand, unified tokens deposited into the same contract will be burned and the user will receive the original source tokens of the same value.

MergeToken contracts are upgradable to meet new token unification requirements given Nova’s expansion in connecting different networks. Through voting on a multi-sig safe wallet, the governance committee approves the upgrade to add or remove tokens on the MergeToken contract. To prevent the risk from malicious upgrading, the contract will follow a multi-party signature requiring 2/3 vote for passage moving forward.

About zkLink

Dedicated to unifying liquidity and scaling the Ethereum ecosystem, zkLink is pioneering Aggregated Rollup solutions to bridge the ecosystem siloes within the blockchain space. By facilitating a more interconnected, efficient, and accessible digital asset environment, zkLink is driving forward the vision of a unified and decentralized blockchain ecosystem without boundaries.

About zkLink Nova

zkLink Nova is the pioneering Aggregated Layer 3 Rollup zkEVM network that brings unprecedented liquidity and asset aggregation to Ethereum and its Layer 2 Rollups. Built with ZK Stack and zkLink Nexus, it leverages ZK Proofs to enhance scalability and security. Developers enjoy an open platform for deploying Solidity smart contracts and instantly tapping into integrated networks like Arbitrum and zkSync. Nova simplifies DeFi by presenting a unified ecosystem for users and DApps, promoting a seamless blockchain experience.

Marine Moguls by MetFi $5.9 Million ERC-404 Airdrop Making Early Waves 5522

This groundbreaking initiative, leveraging the innovative ERC-404 protocol, is not only redefining the landscape of token and NFT distribution but also setting new records for engagement and community growth.

A Tsunami of Participation and Engagement

Since its launch, the Marine Moguls airdrop has seen a surge in activity, with thousands of enthusiasts joining the campaign, eager to be part of this unique opportunity. The promise of sharing 30% of $MOGULS among all airdrop participants has fueled an unprecedented level of interest, demonstrating the crypto community’s robust appetite for innovative and rewarding projects.

MetFi’s social media channels have been at the forefront of this tidal wave of enthusiasm, witnessing an extraordinary increase in user engagement — up to 17,000% in some cases. The growth in new followers and subscribers has been equally impressive, with some channels experiencing over a 100% increase in a few short weeks. This spike in engagement is a testament to the community’s excitement and support for the Marine Moguls project.

There’s Still Time to Dive In

With the airdrop running until May 21, 2024, there’s still ample opportunity for interested participants to join the campaign and secure their free $MOGUL tokens and NFTs. This initiative not only offers an accessible entry into the world of NFTs and tokens but also exemplifies the potential of blockchain technology to create engaging and inclusive community experiences.

Distribution and Innovation: The Heart of Marine Moguls

At the core of the Marine Moguls campaign is the innovative ERC-404 protocol, a pioneering technology that merges the best features of fungible ERC-20 and non-fungible tokens ERC-721 into a single ERC-404 smart contract thereby creating a seamless experience. This protocol ensures that NFT owners enjoy instant NFT liquidity and fractional ownership of NFTs, encapsulating the best of both worlds.

As previously announced, 3,000 Marine Mogul tokens and NFTs, representing 30% of the total supply, are being distributed through this airdrop. Participants generate points on the Marine Moguls Airdrop page, which will convert into $MOGUL tokens and NFTs at the Token Generation Event (TGE) scheduled for May 25, 2024. The campaign highlights the distribution of 2,500 NFTs with hidden prizes valued at ~$2.9 Million USDT and the allocation of 3,900 $MOGUL tokens to users who engage in staking, with the potential for high APY based on participation.

ERC-404: The Future of Token and NFT Interaction

The ERC-404 protocol’s dual nature facilitates a dynamic and fluid user experience, allowing for immediate liquidity of NFTs and fractional ownership of the Marine Moguls NFT collection. This innovative approach addresses common challenges in NFT trading, offering a more efficient and user-friendly model.

Looking Forward

As the Marine Moguls by MetFi campaign continues to make waves, it remains a beacon of innovation and community in the digital asset space. The enthusiasm and engagement from the community underscore the potential of inclusive, technologically advanced projects to shape the future of finance and digital collectibles.

To be part of this exciting journey, participants are encouraged to explore the Marine Moguls Airdrop campaign and join before the closing date on May 21, 2024. For more information, visit the Marine Moguls website and follow their social media channels for the latest updates.

About Marine Moguls by MetFi

Marine Moguls by MetFi represents a pioneering venture in the digital asset space, owned and powered by the visionary MetFi DAO. This innovative project is setting a new standard for the integration of technology and community in the blockchain arena. At its heart, Marine Moguls is not just a campaign but a revolution in how tokens and NFTs can coexist and complement each other through the cutting-edge ERC-404 protocol.

Designed to bridge the gap between the fungibility of tokens and the uniqueness of NFTs, Marine Moguls offers participants a unique opportunity to engage with the blockchain in a way that is both rewarding and revolutionary. The project’s commitment to instant NFT liquidity and fractional NFT ownership reflects a forward-thinking approach to digital assets, making it accessible and appealing to a broad audience.

By participating in the Marine Moguls by MetFi airdrop campaign, community members are not only part of an airdrop; they are at the forefront of an evolving ecosystem that challenges conventional notions of value and ownership in the digital age. Marine Moguls is a testament to MetFi’s innovative spirit and dedication to creating a more inclusive, dynamic, and valuable digital future for all.

Social Media Links

Website: https://marinemoguls.com
Telegram Chat: https://t.me/MetFiChat
Telegram News: https://t.me/MetfiNews
Discord: https://discord.gg/MetFiDAO
YouTube: https://www.youtube.com/@MetFiDAO
TikTok: https://www.tiktok.com/@Metfidao.Official
Certik: https://skynet.certik.com/projects/metfi
Medium: https://medium.com/@MetFi_DAO
LinkedIn: https://www.linkedin.com/company/MetfiOfficial
GitHub: https://github.com/metfi
CoinMarketCap: https://coinmarketcap.com/currencies/metfi2
CoinGecko: https://www.coingecko.com/en/coins/metfi
Instagram: https://instagram.com/metfidao

ICB Network Enters New Era of Blockchain Technology With Advanced Layer 1 Project 6456

During this crucial period for the crypto industry, ICB Crypto Services is ready to announce the early launch of the Ideal Cooperation Blockchain (ICB) Network. Designed by the sophisticated ICB Labs, the ICB Network introduces a promising Layer 1 blockchain project that was created to update the standards of scalability, security, and efficiency in the blockchain space. The ICB Network effects a sufficient advancement in blockchain innovation, with an official ICO-level launch scheduled for Q1 2024.

Transformative Innovations

The adoption of the Proof of Stake (PoS) consensus mechanism is at the core of the ICB Network’s innovation. It is a strategic move away from traditional Proof of Work (PoW) systems. This transition enhances transaction throughput and network scalability, and significantly reduces the environmental footprint of blockchain operations. Furthermore, the ICB Network is aimed at ensuring advanced security and efficiency, collaborating with leading auditing companies like CertiK, and implementing comprehensive Know Your Customer (KYC) processes.

Bright Future Ahead

“The ICB Network is set to revolutionize blockchain innovation with its PoS consensus, scalability, and commitment to security. Our platform provides developers and users with a robust infrastructure for building and using decentralized applications across various industries,” stated CEO of ICB Crypto Services.

This vision encapsulates the essence of the ICB Network’s mission to motivate developers and users, creating a more inclusive and efficient blockchain ecosystem.

Expansive Roadmap and Collaborative Endeavors

Looking forward, the ICB Network has outlined an extended roadmap that includes the introduction of trading activities, play-to-earn games, metaverse functionalities, a native wallet, and an NFT Marketplace. These components, in combination with strategic partnerships with developer communities, underscore the network’s commitment to boosting innovation and collaboration. Moreover, the plans are underway for the listing of the ICB Network’s native coin, ICBX, on centralized and Tier 1 exchanges, further solidifying its presence in the blockchain industry.

About ICB

Established in October 2020, ICB Labs represents the innovative arm of ICB Crypto Services, dedicated to addressing the challenges faced in the blockchain and cryptocurrency sectors. Through the use of cutting-edge technologies and adherence to the Ethereum Virtual Machine (EVM) standard, ICB Labs has developed the ICB Network to facilitate efficient, secure, and scalable blockchain solutions. The launch of the ICB Network signifies a major milestone for ICB Crypto Services, marking its entry into the blockchain industry with a vision to drive positive changes and promote a new era of digital excellence.

For more information about the ICB Network and its innovative solutions, visit the official website at https://www.icb.network/ or follow the latest updates through the network’s official channels:

X/Twitter: https://twitter.com/icbx_network
Telegram: https://t.me/icbnetwork_official
YouTube: https://youtube.com/@icbcryptoservices?feature=shared
Discord: https://discord.com/invite/rGRUgrbC4D
Medium: https://readicbnetwork.medium.com/

R Games Worlds First AI and Gaming token is set to Launch on Top Exchanges 6769

R Games, the Most Hyped AI and GameFi Project of 2024, an innovative gaming platform set to launch on Binance Smart Chain (BSC) & Solana Network, is on the cusp of a groundbreaking milestone as it gears up for the listing of its native token, $RGAME. This pivotal event represents a significant leap forward for the platform, set to redefine the gaming landscape within the Web3 ecosystem.

Distinguishing itself with cutting-edge features and a commitment to user empowerment, R Games offers a dynamic gaming experience infused with advanced AI technology and intricate automotive design elements. The platform’s fully customized approach, powered by Unreal & Unity engines, ensures an immersive and interactive gameplay environment.

Key features of R Games include interoperable NFTs, user-generated content capabilities, and AI-integrated designs that deliver precision engineering and unmatched visual appeal. This unique combination sets R Games apart as a frontrunner in the Web3 AI and Gaming sector, catering to seasoned gamers and newcomers alike.

As R Games prepares for its Token Generation Event (TGE) on April 8th, 2024, excitement is mounting within the gaming community. The platform has already garnered significant traction, with partnerships in progress with prominent automotive brands and a growing user base comprising over 50,000 gamers from Fabwelt Studios and 300,000 gamers onboarding from WEMIX Play. Additionally, collaborations with over 200 KOLs (Key Opinion Leaders) worldwide and influencers with a combined success of over $1B further solidify R Games’ position as a game-changer in the gaming industry.

The upcoming Initial DEX Offering (IDO) platforms like DAOMaker, Poolz Finance, Finceptor, Paragen and Cex and Dex listing platforms like Gate, MEXC, Pancakeswap, Raydium and BingX mark a crucial step in R Games’ journey towards widespread adoption and market penetration.

The $RGAME token’s Fully Diluted Valuation will be marked at $7.5M, with an initial market capital of $296,250

Supported by advisors and backers such as Ferrum Network, Lavender Capital, BMW Capital, Qu Ventures, IBC Group, Oddiyana Ventures, Mario Nawfal, Sky Wee, Yuen Wong, Robby Joe, and Rajan Raj among others, R Games is well-equipped to navigate the dynamic Web3 landscape and unlock its full potential.

Produced by Dubai-based Gyros Studios formerly known as Fabwelt Studios, R Games leverages state-of-the-art gaming development tools and AI-driven game design to deliver a seamless and captivating gaming experience. With a keen focus on user engagement and community building, R Games is poised to become a frontrunner in the ever-evolving Web3 gaming ecosystem.

As the countdown to TGE and IDO commences, R Games invites gamers, investors, and enthusiasts alike to join its journey towards revolutionizing the gaming industry and unlocking new possibilities in the Web3 world.

Who are the Founders of R Games?

R Games team comes from a successful studio venture Gyros Studios LLC Formerly Known as Fabwelt Studios LLC built numerous successful Blockchain Games

Loet de Hooge, Abhishek Pegada, and Rubina Naaz are the visionary founders of R Games, bringing together their diverse expertise and passion for gaming and blockchain technology. Loet de Hooge is known for his technical prowess and innovation, Abhishek Pegada contributes his strategic leadership and business acumen, while Rubina Naaz brings a creative and user-centric approach to the team.

Loet de Hooge has a background in Technical development and entrepreneurship, having successfully led previous ventures to success. Abhishek Pegada is a seasoned developer with a deep understanding of blockchain technology and its applications in gaming. Rubina Naaz is an experienced game designer and business head with a knack for creating engaging and immersive user experiences.

Highlights of R Games

The Alpha Version of R Games was officially launched on April 4th, 2024, at 14:00 UTC, having undergone extensive testing within their close-knit community. This testing phase has garnered overwhelmingly positive feedback, particularly regarding the game’s graphics, which are likened to Web3’s Asphalt. The seamless integration of high-end quality graphics has generated significant anticipation within the R Games Community leading up to the Alpha Launch.

Looking towards the future, R Games has ambitious plans in store. Development efforts are focused on implementing upgrades such as an advanced Upgrade System, Virtual Garage, and AI integration. These additions will provide users with various earning opportunities through models like Develop-to-Earn, Watch-to-Earn, and Play-to-Earn.

Within the game, players can fine-tune and electronically upgrade all vehicle models within the workshop, offering a customizable experience. The integration of AI technology allows users to effortlessly design their car characters, even without technical expertise. The roadmap also includes diverse modes like Formula One, Street Racing, Story Mode, and Off-Road Racing to cater to a broad audience.

For the Alpha version, the spotlight is on Circuit Racing, featuring professional racing tracks that promise an immersive experience. This comprehensive approach is designed to appeal to racers, automotive engineers, and car enthusiasts alike.

Co-founder Abhishek Pegada’s background as an Automotive Engineer has played a pivotal role in shaping R Games’ unique vision. His insight into the field’s dynamics has fueled the belief that many automotive engineers would relish the opportunity to work on passion projects during their leisure time. This vision has been realized through R Games’ innovative AI technology.

The collaborative efforts of the R Games team with a group of automotive engineers and R&D experts have resulted in the creation of original and innovative designs that enhance the R Games Ecosystem.

About R Games

R Games is a leading gaming platform built on Solana and Binance Smart Chain, offering a diverse range of gaming experiences powered by advanced AI and cutting-edge technology. With a focus on user engagement, innovative gameplay mechanics, and strategic partnerships, R Games is set to redefine the gaming landscape in the Web3 era.

SafeMars Expands To Solana 6906

In a bold move towards further decentralization and expansion, SafeMars, the pioneering decentralized finance (DeFi) project, has extended its reach beyond Binance Smart Chain (BSC) to Solana, igniting fresh excitement within the crypto community. With a record-breaking ATH of $1 billion achieved on BSC in 2021, SafeMars has stealthily launched on Solana on March 30, 2024, under the guidance of its original developers who are now determined to replicate their prior success on this new chain.

SafeMars emerged on the DeFi scene in 2021, swiftly capturing the attention of investors and enthusiasts alike with its innovative approach towards community-driven initiatives and tokenomics. Its meteoric rise to a staggering $1 billion market cap on BSC showcased not only its potential but also the trust it garnered from its ever-growing community.

The recent stealth launch on Solana signifies a strategic move by SafeMars to explore new horizons and tap into the vast opportunities offered by alternative blockchain networks. With the same visionary developers at the helm, SafeMars aims to replicate and surpass its previous achievements, setting its sights on establishing a strong presence on the Solana chain.

One of the key driving forces behind SafeMars’s success lies in its robust social media presence and engagement. Boasting a massive Twitter following of 135,000 loyal supporters, SafeMars has fostered a vibrant online community that actively participates in discussions, stays updated on project developments, and spreads awareness about the project’s mission and goals. This dedicated community has played a pivotal role in driving adoption and fueling SafeMars’s growth trajectory.

SafeMars’s expansion to Solana represents not only a significant milestone for the project but also a testament to its resilience and adaptability in the ever-evolving landscape of decentralized finance. By leveraging the high-performance capabilities of the Solana blockchain, SafeMars aims to enhance scalability, reduce transaction costs, and provide users with a seamless and efficient DeFi experience.

As the crypto market continues to evolve and mature, projects like SafeMars are at the forefront, pushing the boundaries of innovation and driving widespread adoption of decentralized technologies. With its successful track record, passionate community, and ambitious vision, SafeMars is poised to carve out a prominent niche in the burgeoning Solana ecosystem, ushering in a new era of decentralized finance.

In conclusion, SafeMars’s expansion to Solana marks an exciting new chapter in its journey towards redefining the future of decentralized finance. With its proven track record, experienced team, and unwavering community support, SafeMars is well-positioned to make a significant impact on the Solana blockchain and continue its mission of democratizing access to financial services for users worldwide.

Twitter: https://twitter.com/Safemartians
Telegram: https://t.me/safemarssolentry
Website: https://safemarscrypto.com/

Introducing BounceBit Testnet Phase 2: App Store 6909

Following the success of BounceBit Testnet: BounceClub East-to-West Event launched on March 8, 2024, BounceBit announces the rollout of BounceBit Testnet Phase 2: App Store.

While the previously launched Testnet BounceClub Event will operate as usual without any changes, BounceBit Testnet Phase 2 highlights BounceBit App Store’s features and encourages developers to deploy on the BounceBit Testnet by submitting their decentralized applications (DApps) to the BounceBit App Store through GitHub pull request.

BounceBit Testnet Phase 2 mirrors the mainnet environment, offering developers, validators, full node operators, delegators, and users an early preview of the BounceBit Mainnet. This phase welcomes everyone to interact with the BounceBit PoS staking chain and the BounceClub ecosystem.

Here’s what you can expect from BounceBit Testnet Phase 2:

Deploy on BounceBit testnet

BounceBit Testnet Phase 2 offers developers the chance to get an early experience of deploying on the BounceBit chain by submitting their DApps to be listed on the BounceBit App Store. The BounceBit App Store features both in-house DApps and those built by community developers or external projects. To have your DApp listed on the BounceBit App Store, submit a pull request on BounceBit’s GitHub repository. The BounceBit team will then review and, if approved, list your DApp on the BounceBit App Store. DApps that are listed during Testnet Phase 2 will receive priority consideration for being listed on the BounceBit Mainnet App Store based on their performance.

For more details on the onboarding process, please refer to BounceBit’s official guide.

Stress-testing DApps

BounceClub owners and users are invited to participate in testing all DApps that are listed on the BounceBit Testnet App Store. BounceClub owners can select and add DApps to their BounceClubs, while BounceClub users can interact with the DApps when exploring different BounceClubs.

The BounceClub community plays a crucial role in evaluating the listed DApps’ performance and security, identifying vulnerabilities that need to be addressed. This Testnet Phase 2 contributes to the resilience and reliability of the BounceBit ecosystem, striving to maintain a smooth and secure environment for all BounceBit users.

Onboarding more validators

The BounceBit Testnet has kicked off with its first set of node operators during the BounceClub East-to-West Event. Currently, there are 24 active validators participating, with a combined staking amount totaling over 1000 $BBTC and over 283 million $BB.

For Testnet Phase 2, BounceBit aims to broaden the network by inviting more validators to participate. New validators will be guided through the onboarding process for Phase 2 via Discord.

Testing BounceBit’s tokenomics

BounceBit Testnet Phase 2 will continue the rigorous testing of BounceBit’s tokenomics, including token generation events (TGE), inflation rates, vesting schedules, gas fees, block sizes, and the validator slashing mechanism. Additionally, the BounceBit native LSD module’s performance will be observed continually.

About BounceBit

BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both BTC and BounceBit’s native token – A dual-token system leveraging native Bitcoin’s security with full EVM compatibility. Critical ecosystem infrastructure like bridges and oracles are secured by restaked BTC. Through an innovative CeDeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks.