Developers Propose Cross-Chain Bridge for XRPL Network to Enhance Blockchain Interoperability Bitcoin News

Blockchain can also be used to record and transfer the ownership of different assets. This is currently very popular with digital assets like NFTs, a representation of ownership of digital art and videos. Transactions are typically secured using cryptography, meaning the nodes need to solve complex mathematical equations to process a transaction.

The L2 is a “secure, low-cost, developer-friendly” chain that aims to help builders create dApps on-chain, the company stated. Base is built on the MIT-licensed OP Stack in collaboration with the layer-2 blockchain Optimism, which is also focused on the Ethereum chain. Narmin is a passionate fintech writer and blockchain enthusiast backed by extensive experience in psychology and statistics. It should be noted that Coinbase in a blog post said that it has no plans whatsoever to issue any new tokens. These numbers show how much the token price has changed relative to the initial ICO token price. If you are new to crypto, use the University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.

Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Chain. Ninja Warriors will be the first truly inclusive P2E and M2E blockchain project and draws on the ever-popular culture of Japanese martial arts. If there is a pettier Congressional letter than this one, asking Gensler to explain why he arrested a criminal before Congress got to grandstand in front of him, you’d have to find it for me. What are your thoughts on the potential impact of a cross-chain bridge for the XRPL network and the wider blockchain ecosystem?

xrpl network

In addition to tracking, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. The number of transactions taking place on a daily basis on the Ethereum network remains below where it was this time last year. That’s according to data presented by crypto analytics firm The Block, the 7-Day Moving Average of daily transactions was last just above 1 million, still well below the record highs hit in 2021 of around 1.65 million. A pick-up in transactions could be a lead indicator for a pick-up in the ETH price, if/when it happens.

DeFi needs

“Last-gasp speculators are flushed out, and transfer to bottom-building buyers,” it explained. Glassnode concluded that low exchange inflows also suggest accumulation and reluctance to sell by both short-term and long-term Bitcoin holders. Ordinals aside, the outlet noted that the volume of transferred Bitcoin value remains extremely low. It reported that there was less than 115,000 BTC per day for coins younger than six months. ICO Drops is an independent ICO database and is not affiliated with any ICO project or company. An overview showing the statistics of PCHAIN, such as the base and quote currency, the rank, and trading volume.

  • Discretionary enforcement and regulatory guidance depend on the regulators, and does not have the permanence or force of law.
  • This is a big day for PCHAIN, perhaps the most important day in our 2-year mainnet history.
  • What are Crypto Smart Contracts and How They Automate Agreements A smart contract is a self-executing computer program built on a blockchain.
  • We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities.

Chains is developing a set of products and services designed to simplify the way you use cryptocurrencies. With over 500,000 registered users, KYC and SEC 506c compliance, Chains welcomes projects that are looking to issue and sell tokens via its state of art, retail-friendly platform. Chains is developing radically user-friendly, multi-chain cryptocurrency and NFT products. The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency , the digital real. Securities and Exchange Commission , and some suspect a settlement between the two parties is possible.

A pending lawsuit with Ripple Labs over its crypto token XRP, which the SEC has deemed an unregistered security, will go a long way to deciding whether the industry will have to comply with this registration requirement. Key to this crackdown is Gensler’s repeated contention that most crypto firms are offering unregistered securities to the public, in violation of federal law. Without registration, investors are not given disclosures about the risks of owning the assets. Unregistered securities are also supposed to be off-limits to so-called “unqualified” investors who don’t have a certain net worth or annual income.

Market Overview

The Bollinger Bands are currently wide as the price action observed high volatility across the short-term charts. Moreover, as the price action trades close to the upper limit of the indicator, suggesting further divergence across the timeframe. The indicator’s bottom line provides support at the $7.364 mark while the upper limit presents a resistance level at the $8.192 mark. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

The settlement was seen as a warning for other celebrities making paid crypto endorsements. Hurdles remain, especially with the transaction limits and energy costs, but for investors who see the potential of the technology, blockchain-based investments may be a bet worth taking. Despite its promise, blockchain remains something of a niche technology.

If the Blockchain Eight actually just wants to protect the public from crypto disasters, Gensler is obliging by rooting out the fraud from every nook and cranny of the industry. Blockchain’s decentralization adds more privacy and confidentiality, which unfortunately makes it appealing to criminals. It’s harder to track illicit transactions on blockchain than through bank transactions that are tied to a name. Since blockchains operate 24/7, people can make more efficient financial and asset transfers, especially internationally. They don’t need to wait days for a bank or a government agency to manually confirm everything. However, blockchain could also be used to process the ownership of real-life assets, like the deed to real estate and vehicles.

It should be said that this crackdown is happening without any new legislation from Congress. The SEC is using existing securities laws to contain the industry and section it off from the rest of the financial system. Discretionary enforcement and regulatory guidance depend on the regulators, and does not have the permanence or force of law. But a law from this set of legislators is unlikely to produce much of value for the public. analyst ratings, insider transactions, earnings data, and more. What are Crypto Smart Contracts and How They Automate Agreements A smart contract is a self-executing computer program built on a blockchain. Plian’s current circulating supply is 919.63M PI out of max supply of 2.10B PI. The current yearly supply inflation rate is 7.80% meaning 66.57M PI were created in the last year. In terms of market cap, Plian is currently ranked #361 in the Ethereum Tokens sector. The Plian price page is just one in Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.

Binance Australia in hot water with regulator over derivatives trading

Overall, the 4-hour Chainlink price analysis issues a buy signal, with 16 of the 26 major technical indicators supporting the bulls. On the other hand, only three of the indicators support the bears showing a low bearish presence in recent hours. At the same time, nine indicators sit on the fence and support neither side of the market. On-chain metrics and activity for the Bitcoin network are pulling out of bear market conditions. However, the positive sentiment comes at a time when U.S. regulators are cracking down on the crypto industry. On Thursday launched its new blockchain, Base, and a few new crypto tokens that play on the name have suddenly spiked, even though they have no connection to the new network.


Beyond cryptocurrency, blockchain is being used to process transactions in fiat currency, like dollars and euros. This could be faster than sending money through a bank or other financial institution as the transactions can be verified more quickly and processed outside of normal business hours. Another option is to invest in blockchain companies using this technology. For example, Santander Bank is experimenting with blockchain-based financial products, and if you were interested in gaining exposure to blockchain technology in your portfolio, you might buy its stock. Theoretically, a decentralized network, like blockchain, makes it nearly impossible for someone to make fraudulent transactions. To enter in forged transactions, they would need to hack every node and change every ledger.

Nexus Protocol

Currently, XRP, XRPL’s native cryptocurrency, is the sixth-largest digital currency by market capitalization. However, over the last seven days, it has lost 7.7% against the U.S. dollar. If a cross-chain bridge is implemented for XRPL, the blockchain will join numerous networks that leverage this technology, including Ethereum, Avalanche, Solana, Binance Smart Chain, and others. The proposed design by XRPL developers includes a new server type, three new ledger objects, and eight new transactions.

The current yearly supply inflation rate is 8.78% meaning 40.99M LINK were created in the last year. In terms of market cap, Chainlink is currently ranked #4 in the DeFi Coins sector and ranked #7 in the Ethereum Tokens sector. On Feb. 21, blockchain analytics firm Glassnode reported on the state of the Bitcoin network. The findings were generally positive amid mixed sentiment over Uncle Sam’s war on crypto. Gensler has outmaneuvered the phalanx of crypto industry mouthpieces and supporters in Congress, using the generalized whining about an alleged lack of action prior to the FTX collapse to take swift action across the crypto space. In fact it was easier to do so after FTX, because industry insiders became more willing to give up information about fraud in their business.

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Several “BingChatGPT” have been issued, seeded with liquidity and are seeing thousands of dollars in trading volumes – despite red flags. Nefarious market participants are attempting to cash in on the ongoing ChatGPT craze in technology circles by issuing fake tokens branded after the artificial intelligence chatbot despite having no official association with the tool. Bilal Ahmed is a blockchain enthusiast and an avid reader who loves writing about ramifications of blockchain and cryptocurrencies. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Chain produces its own wallet software that is available for download on its website, which allows you to store Chain on your computer. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase.

The chain will be integrated across Coinbase’s exchange, wallet, NFT marketplace and developer products, and plans to be interoperable with other blockchains in the ecosystem beyond Ethereum, Pollak shared. Base has had conversations with teams building Solana, Avalanche, Polygon and others to work on that vision, Pollak added. The 24-hour Chainlink price analysis accentuates this sentiment and issues a buy signal with 15 indicators suggesting an upwards movement against only two suggesting a downward movement. The analysis shows bullish dominance across the mid-term charts with little to no bearish resistance persisting. Meanwhile, the remaining nine indicators remain neutral and do not issue any signals at press time.

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