Crypto Calendar News

2023-04-22 07:32:02 Top Aggregator 1inch Launches On zkSync Era

1inch Network, a DeFi protocol aggregator, has implemented its Aggregation Protocol and Limit Order Protocol on the Ethereum Layer-2 network zkSync Era. By transferring its protocol to zkSync Era, 1inch becomes one of the most well-known cryptocurrency programs to be released on a zkEVM, or zero-knowledge Ethereum Virtual Machine. Uniswap, SushiSwap, Maker, and Curve Finance are all planning to debut on the zkSync Era’s zk-proof roll-up.

From April 20, 1inch users will be able to access services on the new blockchain network. In addition, the launch will make GemSwap, SpaceFi, SyncSwap, and Mute, among other DeFi protocols, accessible through 1inch on the zkSync Era network. ZkSync Era, which began in March 2023, employs zero-knowledge encryption to enable faster and cheaper Ethereum transactions. Era is one of the rapidly developing categories of Ethereum scaling networks known as zkEVMs, which claim to be capable of supporting any Ethereum-based app presently in use. Both ZkSync Era and its major rival, Polygon zkEVM, are still in beta but have just been made available to developers.

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2023-04-21 06:53:02 BlockFi’s Restructuring Plan Rescheduled To May 15

BlockFi was granted a few additional weeks to execute a plan to exit Chapter 11 bankruptcy, overcoming irate customers who said they should be refunded sooner, Bloomberg first reported. A bankruptcy court in the state of New Jersey extended the deadline for cryptocurrency platform BlockFi to submit its Chapter 11 or reorganization plan to the middle of the next month on Wednesday. The court remarked that it was worth a slight delay to ensure that the case would go smoothly.

After FTX’s massive fiasco, which resulted in horrible carnage in the crypto market, BlockFi declared bankruptcy in November of last year. BlockFi’s first request for a 90-day extension to file its Chapter 11 plan was for a 90-day extension, but owing to significant opposition from its unsecured creditors, the once-famous crypto trading platform filed a fresh petition asking for the date to be pushed back to May. BlockFi lawyer Joshua Sussberg said at a hearing Wednesday that the bitcoin lender is looking into selling firm assets or finding an outside sponsor to support a restructuring arrangement. Sussberg said that the corporation wants to submit a bankruptcy-exit plan by May 15.

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2023-04-20 07:44:02 Gensler says securities law is time-tested, crypto just needs to fall in line

Securities and Exchange Commission Chair Gary Gensler continued to hint that ether, among other crypto tokens, may face increased scrutiny as an unregistered security. And with securities laws time-tested, the industry better get in line. “If the public is anticipating profits based upon the efforts of others in a common enterprise, those are the indicia of a security,” Gensler said when asked by The Block why he declined to directly weigh in on whether the second-largest cryptocurrency.

The Republican chair of the House Financial Services Committee, Patrick McHenry, earlier pressed the SEC chair to provide more clarity on the topic, a seeming friction point between Gensler and fellow markets regulator Rostin Behnam, the chair of the Commodity Futures Trading Commission. In a recent enforcement action against crypto firm KuCoin, New York Attorney General Letitia James asserted that ether is an unregistered security, possibly opening Ethereum co-creator Vitalik Buterin and other early developers up to legal liability. McHenry during repeated attempts to get Gensler to provide further detail on ether.

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2023-04-19 08:37:02 Twitter partnership boosts eToro's popularity on Apple's App Store, for a day

EToro's popularity on Apple's App Store got a brief boost last week after announcing a partnership with Twitter, but like the rush of a tweet gone almost viral, the jolt was short-lived. Last week, the company announced a "$Cashtags" partnership with Twitter that enables the social network's users to see real-time prices for a wide range of stocks, crypto and other assets, as well as offering the option to invest through eToro.

After the April 13 announcement, eToro went from being the 404th most popular app in the finance category on the App Store in the U.S. to 221st. At either level, that's still the least popular among crypto apps tracked by The Block Research. The app has since fallen back to around 327th place. Cash App is the most popular crypto app in the finance category on the App Store in the U.S. as tracked by The Block Research, followed by Coinbase and Binance. The competition for crypto customers is high as the amounts being traded on exchanges has dropped since peaking at $4.25 trillion in 2021. Last month, that figure didn't crack $1 trillion, according to data tracked by The Block Research.

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2023-04-18 09:11:02 Aave V3 Temperature Check Vote To The zkSync Era Mainnet Supported

The Aave community’s temperature check vote on the proposal of “Aave V3 Deployment on zkSync Era Mainnet” was approved with a support percentage of 99.78%, according to the Snapshot voting website. According to the proposal, deploying Aave V3 on zkSync Era might create an opportunity for Aave and zkSync communities to expand and collaborate. Era includes essential EVM features, including smart contract composability.

The Aave community earlier opted to deploy the Aave V3 codebase on zkSync’s v2 Testnet, and this off-chain vote confirmed that decision. With the launching of Era Mainnet, developers’ efforts may be re-invested, boosting Aave as a center for mainnet activity and liquidity. zkSync has the potential to boost the Aave ecosystem by bringing new customers to DeFi and consolidating Aave as the leading lending platform in this expanding zk ecosystem. Having a flagship DeFi project like Aave on its platform will assist zkSync by broadening and expanding the DeFi alternatives accessible to its customers. This temperature check vote gives Aave governance the option to launch Aave V3 on the zkSync Era mainnet with a restricted first asset deployment of USDC and ETH.

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2023-04-17 11:26:02 Solana Announces Saga Mobile Launch Date, But Network Activity Declines

Solana announced the launch date of its Web3 mobile device Sagam hoping the device will revive the ecosystem, which has been in decline in terms of on-chain activity this year. On April 13, Solana said that its flagship, security-conscious, crypto-first Android device from Solana Mobile is available to those who pre-ordered. It stated that the team has been using Saga for months now, along with “hundreds of developers.”

Saga will be able to manage and store crypto assets, mint NFTs, and run decentralized applications from the Solana dApp store. Furthermore, the hardware specifications are also pretty impressive. Saga will come with a Snapdragon 8+ mobile platform, 12GB of memory, 512GM of storage, and a 6.67” OLED display. It will be priced at around $1,000, according to the announcement. The device is now available to ship in the U.S., EU, U.K., Canada, Switzerland, Australia, and New Zealand. As part of the launch, Saga users will be able to claim a “Saga genesis token NFT” upon setting up their device, it added.

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2023-04-16 11:21:02 Uniswap DAO Revolutionizes Decentralized Trading With Polygon zkEVM Upgrade

Uniswap DAO has approved a governance proposal to deploy Uniswap’s version 3 (or v3) decentralized exchange on Polygon zkEVM. Polygon zkEVM is a new ZK-Rollup solution that is compatible with the Ethereum ecosystem. This move is significant as it continues the trend of popular Ethereum apps expanding to the new wave of ZK-Rollups that have recently launched, indicating that Ethereum is growing in its ability to offer its main features at scale.

The proposal was initiated by Polygon Labs, the core team behind the development of the Polygon zkEVM. The proposal passed with over 42.4 million votes in support and nil against. This comes after Ethereum’s top lending protocol Aave had previously passed a governance proposal to release its v3 platform on Polygon zkEVM mainnet in a temperature-check phase. The approval of this proposal is a significant milestone for both Uniswap and Polygon. Uniswap v3 is a decentralized exchange (DEX) protocol that enables users to swap tokens. It is one of the most widely used decentralized finance (DeFi) applications within the Ethereum ecosystem. After the approved proposal is executed.

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2023-04-15 09:03:02 Ripple Launches New Liquidity Hub To Help Liquidity For Crypto Businesses

Ripple announced the formal launch of the enterprise-oriented cryptocurrency liquidity platform “Ripple Liquidity Hub,” which seeks to give organizations a simple and seamless approach to handling their cryptocurrency liquidity requirements, according to the official blog. This is a separate scheme from its cross-border payment service that uses its worldwide network to give partners with global payment channels.

Ripple announced its debut after a year of testing the product. The Liquidity Hub is a fully integrated and comprehensive system designed to help organizations source and manage liquidity across many platforms. The Ripple Liquidity Hub platform is accessible 24 hours a day, seven days a week, and uses smart order routing to source a range of digital assets at optimum prices from numerous liquidity venues, including market makers, exchanges, and OTC desks. Initially, USD, BTC, ETH, ETC, BCH, and LTC were supported, but XRP was not stated. It declared support for XRP when it revealed the plan in 2021. The Ripple Liquidity Hub was created to address the issues that might arise when integrating digital and fiat currencies.

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2023-04-14 09:45:05 Core Scientific And LM Funding Scale Up With 900 New Mining Machines

According to a press release from LM Funding America on April 12, Core Scientific, a company specializing in blockchain infrastructure and cryptocurrency mining, is set to add 900 new mining machines for LM Funding America. With the new mining machines, LM Funding America will have a total of 4,600 mining machines and will see its mining capacity increase to 470 petahashes. While LM Funding America did not state where its other mining machines are located.

According to Core Scientific’s February 2023 production and operations updates, the company operated around 213,000 mining machines, with a total mining capacity of 22.3 exahashes (or 22,300 petahashes). This figure includes both Core Scientific’s own mining machines and colocated devices operated on behalf of other companies. Despite being a major player in the cryptocurrency mining industry, Core Scientific has experienced financial difficulties, having filed for bankruptcy with at least $1 billion in liabilities in December 2022. However, the company continues to operate despite these challenges.

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2023-04-13 08:52:02 Crypto regulation by enforcement is 'really, really bad,' says Binance CEO

Binance CEO Changpeng Zhao — commonly known by his initials, "CZ" — said crypto regulation, rather than unclarity is a better option. However, he said that regulation by enforcement is bad. "Having no regulatory clarity is the worst. Having bad restrictive regulations are better than that," Zhao said at the Hong Kong Web3 Festival on Wednesday. "And then having unclear ones and then chasing people by enforcement is really, really bad."

Zhao's comments come after he and Binance were sued by the U.S. Commodity Futures Trading Commission last month for allegedly operating an "illegal" exchange and a "sham" compliance program. Zhao, at the time, called the suit "unexpected and disappointing." At today's event, Zhao said there's a "very natural tendency" for regulators to borrow guidelines from the traditional financial industry and apply them to crypto — but crypto is different and a nascent industry. It should be allowed to grow, and then there are "always nefarious players, scammers, etc.," so "we need to find ways to limit those guys."

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