Indian Web3 social app Chingari partners with Aptos blockchain
Indian Web-3 social-video app Chingari has partnered with the Aptos blockchain to provide infrastructural support for its Web3 product base, according to a blog post from Chingari.
The partnership, which will take the Solana-native platform multi-chain, is scheduled to launch in the second quarter of this year. The version of the Chingari app that will launch in Aptos will boast a “more scalable experience with newer products.”
Vietnam topped the list of countries that love the metaverse the most
Crypto data website CoinKickoff analyzed 1.6 million tweets from different parts of the world to determine which countries are in favor of the metaverse concept and which countries oppose it.
The results showed that Vietnam topped the in-favor list, with 56.8% of the metaverse tweets coming from the southeast-Asian country being positive.
Stablecoin issuer Tether reports $700 million profit, complete exit from commercial paper
Tether, issuer of the world’s largest stablecoin, reported a $700 million fourth-quarter profit and said it completely moved away from holding commercial paper as part of the reserves backing its USDT token.
The majority of its holdings ($39.2 billion) were in U.S. Treasury bills as of Dec. 31, according to an attestation from BDO. The rest of its $67 billion of assets were distributed across money market funds, cash and other items. Secured loans were reduced by $300 million, in line with a plan to reduce them to zero this year.
Aave’s new stablecoin is GHO for launch on Ethereum testnet
Open-sourced decentralized finance liquidity protocol Aave is deploying its native stablecoin GHO on Ethereum’s Goerli testnet.
The protocol has invited the wider Aave community and prospective integrators to start testing GHO and begin providing feedback on GitHub or an online forum.
TRON DAO establishes Artificial Intelligence Development Fund
TRON DAO is encouraging the blending of artificial intelligence technology with blockchain technology, announcing last week the establishment of a $100M USD Artificial Intelligence Development Fund.
Four areas of focus have been initially identified: A.I. Service Payment Platform, A.I. Infused Oracles, A.I. Informed Investment Management Services, and A.I. Generated Content.
Smaller exchanges see $225 million in Bitcoin withdrawn over past week
Around $225 million worth of Bitcoin (BTC) was withdrawn from smaller exchanges over the past week, according to Glassnode’s data.
Coinglass’s data showed that Binance’s balance reduced by 4,726 BTC in the last seven days, while Coinbase and Kraken dropped by 1,961 BTC and 1,384 BTC, respectively. There are only 1.47 million Bitcoin on exchanges — the lowest amount since November 2018.
Cross-chain protocol Stargate Finance’s token surges by double digits on Trader Joe partnership
The partnership with Trader Joe means that Stargate will support the increasingly popular JOE token, without requiring Trader Joe to maintain a liquidity pool on the platform.
STG has recently climbed from roughly 60 cents a day ago to 92 cents. STG has risen about 102% after 1 month.
Render approves burn & mint mechanism
Render Network announced that it has received governance approval to implement a burn and mint equilibrium (BME) mechanism for its native token — RNDR.
The primary goal of the BME mechanism is to make RNDR a commodity asset that could become deflationary in the long term.
Binance is organizing a consortium to try to rebuild trust in crypto
Binance, the world’s largest cryptocurrency exchange by trading volume, is helping assemble a consortium of crypto companies with a view to rebuilding trust in the industry and is taking on an active role in coming regulations.
The goal of the incipient group is to work with regulators around the globe, and to show how advanced the industry is when it comes to combating criminal elements.
AI token search traffic spikes as crypto traders seek exposure
Five out of the top six trending cryptocurrencies on price tracker CoinGecko on Wednesday had one thing in common: They’re all related to artificial intelligence, crypto’s hottest new fad.
In the last 24 hours, the AI array alone has contributed more than 1 billion in trading volume, and most tokens in the same category have seen significant growth. $AGIX and $FET are two of the most prominent. The leader of that pack, $AGIX, had the largest jump at over 127% in the last 7 days.