BIT Mining Limited has introduced its latest mining machine LD4, designed for mining Dogecoin (DOGE) and Litecoin (LTC). By the way, it is now possible to buy land in the Xspectar metaverse with XRP. FARE Protocol raised $6.2 million in a seed round. And more news has come from the crypto world.
Hot news for DOGE, XRP, PEPE and more…
FARE Protocol raises $6.2 million
FARE Protocol raised $6.2 million in a seed round. This round was led by Goat Capital and C Squared Ventures, led by Twitch founder Justin Kan. Also, the fundraising took place before the ecosystem and native token were launched on the Ethereum Layer-2 Blockchain Arbitrum later this year.
Hundreds of t million PawSwap (PAW) staked
As the main-net went live for PAW staking, nearly 200 trillion PAWs were added in less than 24 hours. The Paw Chain team is launching the first major product of the PAW ecosystem. Accordingly, Paw Chain announced that it has launched the main-net for staking. In addition, the team will share a report on the inspection status with the PAW military in the next few days. However, CertiK has already said that PAW code “meets its standards.” That’s why the company is now busy making the final audit score.
The PAW Staking Mainnet is Live!
We are happy to report our staking platform, which is our first major PAW Ecosystem product delivery, has been deployed.
You can visit https://t.co/VVNxUpRThp to get started and get staking!
In the next few days, the PAW team will provide the… pic.twitter.com/LjsGxfiC7w
— PAWChain (@PawChain) April 30, 2023
Ankr’s DeFi Chief spoke about liquid staking
Filipe Gonçalves, DeFi chief of Web3 infrastructure provider Ankr, explained his views on Ankr’s liquid staking technology. He also talked about the features that make Ankr different from other projects in this field. Gonçalves shared his future plans and recent achievements.
XRP became the currency of this Metaverse
XRP, the sixth largest cryptocurrency by market capitalization, has added a new utility. It is now possible to buy land in the Xspectar metaverse with XRP. xSPECTAR is a Web3 company built on XRPL with NFT collections and a metaverse. xSPECTAR was added to UNL as a validator by the XRP Ledger Foundation in October of last year.
Get in on the ground floor of what will be an EPIC world. 🌎 🧬
Buy your land with several purchase options:
☑️ #XRP
☑️ Credit Card
☑️ #XSPECTAR Tokens (With Discounts!)11 Parcels to fit every plan and budget. 👀 👇 https://t.co/sbYccXpxGR pic.twitter.com/Kh58IVXuL9
— xSPECTAR ™ (@xspectar) April 30, 2023
While drawing parallels to the XRP 2017 models, according to the analyst
XRP is probably on the verge of a breakout similar to the one observed in 2017. Because analyst Harry recently pointed out a pattern observed in XRP price movements. According to Harry, XRP has seen the end of its bearish correction period. It has now embarked on a path with the potential to reach the highest levels witnessed in 2017. We witnessed the repetition of this model in 2017. According to the analyst, if the pattern repeats this year, it is possible for XRP to reach the $3 price target again.
$XRP fan's – Look lively, particularly swing trader's who might potentially risk getting priced out, forewarned is forearmed. Dec 2017 all over again x pic.twitter.com/8Zu3QBp1hh
— Harry (@HaraldoXRP) April 30, 2023
Blur revolutionizes new P2P protocol!
Leading NFT Marketplace Blur has announced a new lending protocol for Non-Fungible-Tokens (NFT). The platform, named Blend, will allow buyers to provide collateral for token transactions. Thus, it will allow traders to increase the amount of NFT liquidity they can use. Potential consumers, who were previously excluded from expensive NFT collections such as Bored Ape Yacht Club, Loot & CryptoPunk NFTs, will now be included in the ecosystem as a result of this development.
1/ Introducing Blend: the Peer-to-Peer Perpetual Lending Protocol for NFTs.
Built in collaboration with @danrobinson and @transmissions11 at @paradigm, Blend enables 10x higher yield opportunities than current DeFi protocols and unlocks greater liquidity for NFTs.
Here’s how 👇 pic.twitter.com/uOFC6i3LSq
— Blur (@blur_io) May 1, 2023
PEPE sees 50% increase with OKX listing
Crypto exchange OKX made an important announcement on May 1, announcing its decision to list the meme-coin Pepe (PEPE). cryptocoin.com As we have reported, listing will take place on May 3 at 4:00 UTC. In addition, the crypto exchange will open PEPE withdrawals at the same time the next day.
📢 New Perpetual Market on #OKX$PEPE/USDT @pepecoineth, $AIDOGE/USDT @ArbDogeAI perpetual swap (up to 75x)
🟢 Trading opens at 4:00 am UTC on May 3 📅
Also coming soon:
✅ Margin trading
✅ $AIDOGE Savings— OKX (@okx) May 1, 2023
Ripple removes 1 billion XRP from escrow
San Francisco-based blockchain company Ripple released 1 billion XRP from escrow on May 1 as part of its monthly XRP distribution strategy that began in December 2017. This version is equivalent to $469.6 million. It is also the latest in a series of monthly releases aimed at supporting the growing ecosystem and meeting the growing demand for cryptocurrency.
VeChain convinces investors in Consensus 2023
As every year, Consensus 2023, an important event in the blockchain space, took place last week. In line with this, several platforms have announced and shared details about their progress and future plans. VeChain, the enterprise-grade Tier-1 smart contracts platform, made one of the most important announcements. VeChain has been at the center of important developments in the Blockchain and Web3 space. VeChain said that his team had a great time at Consensus 2023 “with crypto, technical and senior teams meeting talent and forging connections across the #crypto-verse.”
Dogecoin and Litecoin miners gain strength with LD4
BIT Mining Limited has introduced its latest mining machine LD4, designed for mining two widely used cryptocurrencies Dogecoin (DOGE) and Litecoin (LTC). The LD4 provides higher efficiency and computational power than its predecessor, the LD3. DOGE and LTC miners ensure that these Blockchain networks remain secure and validate transactions.
Helio Protocol (HAY) partners with Frax Finance (FRAX)
Helio Protocol, a multi-product, decentralized lending/borrowing protocol, forges key partnerships. It also invites its users to participate in the NFT promotion and the launch of a new stablecoin. The Helio Protocol team announced the start of a partnership with Frax Finance (FXS), one of the most popular DeFi ecosystems, and the start of a protocol with FRAX, the first fully collateralized fractional stablecoin last February.
Meanwhile, Helio Protocol has temporarily reduced borrowing rates to zero for all users who pledge Binance Coin (BNB), according to the official announcement. It is possible for users to borrow HAY stablecoin by paying zero commissions.
