Highlights of the week
$AVA has added USDC through Polygon network
$CHZ prepares to activate Habanero mainnet
$CRO Arena to undergo comprehensive renovations
$RUNE launches cross-chain exchange for Ethereum tokens
$SNX proposes capping token supply at 300 million
World Economic Forum confirms $XRP as an official partner
Fan Tokens rallied simultaneously after 24h
In the context of the World Cup and English Premier League qualifying matches, Fan Tokens increased simultaneously despite the recent market correction.
LAZIO is currently leading this category with a growth of 18.24%. Following are SANTOS (up 10.93%), PORTO (up 10.32%), BAR (up 9.75%), ACM (up 9.63%).
Travala.com has added USDC through Polygon network
Travala.com, a leading online travel and accommodation firm that supports cryptocurrency payments, said it added support for Circle’s stablecoin USDC through the Polygon network. Following the partnership, users can now make payments with the leading stablecoin for over 3 million travel products globally.
USDC on polygon now joins the list of more than 95 crypto assets already supported by Travala.com. With the advantages of fast transaction processing speed and attractive transaction fees, USDC on Polygon is an economical option for users.
World Economic Forum confirms Ripple as an official partner
Reports came out yesterday, August 24th, 2022 that the WEF official website is listing Ripple as an official partner of the organization.
WEF stated that “Ripple is developing and enabling future use cases that will catalyze the new digital economy for governments, businesses, and consumers.” Not only is Ripple displayed on the WEF website, but they are also officially on the partners list.
Synthetix’s founder proposes capping token supply at 300 million
The founder of the popular decentralized finance (DeFi) platform Synthetix has proposed capping the supply of its native SNX tokens to a fixed 300 million as the protocol gains revenue from newer products.
If passed, the proposal will affect the annual yield (APY) of SNX stakers. Synthetix will only earn revenue through transaction fees and distribute this money to SNX holders.
Binance helps Busan develop its blockchain industry
Binance, the biggest cryptocurrency exchange by trading volume, signed a Memorandum of Understanding (MoU) with Busan, South Korea, Binance said Friday.
Binance will provide Busan with technological and infrastructure support for the development of the city’s blockchain ecosystem, promotion of the Busan Digital Asset Exchange and order book sharing.
Tron consumes 99.9% less power than Bitcoin and Ethereum
According to the Crypto Carbon Ratings Institute (CCRI)’s report, the energy consumption of PoW blockchains, such as Bitcoin and Ethereum, is over 83 million kilowatts per hour (kWh) and 22 million kWh, respectively.
In comparison, Tron had a yearly energy consumption of 162,868 kWh for over 2.31 billion transactions, or roughly 99.9% less than the power consumed by Bitcoin and Ethereum. This pegged Tron’s energy consumption as “equal to the energy consumption of 15 average U.S. households,” as per CCRI.
BTC drops to near $20,000 after Fed Chair Powell’s speech
Bitcoin and other cryptocurrencies drifted lower as traders parsed comments from Federal Reserve Chairman Jerome Powell.
Over the past 24 hours, Bitcoin has dropped by 6.34% and is currently trading at $20,186. Ethereum, the 2nd largest coin in the market, also saw a drop of 11.15% and is now trading at $1,495.
Whale accumulated 2,901 BTC
According to Whale Alert, in the last 24 hours, 2,901 BTC was transferred from Coinbase to an unknown wallet. This amount of BTC is worth $63,093,364.
Beijing announces two-year Metaverse innovation and development plan
The Beijing municipal government on Tuesday announced a two-year (2022–2024) Metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan.
According to the official document, the government plan to promote digital education scenarios, support in-depth cooperation between Metaverse-related technology companies and educational institutions, expand intelligent and interactive online education models, and develop industry-wide digital teaching platforms.