Analysis Today TheBitTimes.com

Astar zkEVM mainnet is set to go live this month. A launch campaign dubbed “Yoki Origins” will commence immediately after the zkEVM mainnet Astar Network , a multi-chain smart contracts and Web3 infrastructure platform, has announced the mainnet launch of Astar zkEVM, a new Layer 2 scaling solution for Ethereum. Astar zKEVM is a zero-knowledge Ethereum Virtual Machine- compatible L2 powered by Polygon ’s Chain Development Kit (CDK). Popular in Japan and expanding across the globe, Astar Network, is the cross-virtual machine network that leverages Polygon and Polkadot technologies.  The platform revealed plans for the Astar zkEVM mannet launch last month, highlighting the benefits that compatibility with Ethereum smart contracts, toolset and wallets will bring to its growing community. Astar zkEVM to go live in late February According to Astar Network’s press release today, the new zkEVM L2 is expected to go live later this m...

Memecoin (MEME) has been constantly declining over the past 24 hours as the heat around its launch has faded.  The asset, brought to the crypto world by the 9GAG team, plunged by 13.44% in the past 24 hours and is trading at $0.02 at the time of writing. MEME’s total market cap rose to a whopping $256 million on Nov. 4, a day after its launch , but soon declined to $178 million. MEME price on Nov. 6 | Source: Trading View Data shows that Memecoin’s 24-hour trading volume has also plunged by 5% over the past day, closing to the $210 million mark. You might also like: Bitfinex suffers phishing attack, says there is ‘no loss of funds’ On-chain data shows that the number of MEME holders has already reached 5,842 unique wallets, totaling 50,433 transactions.  Moreover, data provided by the market intelligence platform Santiment shows that the social volume for the term “MEME” has declined by 99% since Nov. 4. Per Santiment, most of the discussions came from Telegram ch...

The National Bank of Georgia (NGB) is develop ing the digital GEL and is searching for a suitable partner .  NGB plans to launch a Limited Access Live Pilot Environment through various use cases to test the technology capabilities and potential application areas of the Central Bank Digital Currency (CBDC) system.  You might also like: Tether signs MOU with Georgia for bitcoin, web3, and P2P development After extensive research, NGB has shortlisted nine competing companies to work with the bank to develop the digital GEL. These companies include AUGENTIC GmbH, Bitt Inc., Broxus Holdings Ltd., Currency Network Ltd., DCM Corp Limited, eCurrency Mint Inc., FARI Solutions Ltd., Ripple Labs, Inc., and Sovereign Wallet Co., Ltd. Once the current selection process is complete, NGB will choose only one of the nine shortlisted companies to work on develop ing the digital GEL and the Limited Access Live Pilot Environment.  Georgia hosts crypto entrepreneurs and ...

The crypto casino Rollbit has decided to wind down its degen exchange due to “uncertainty and low adoption” a little over a month after its launch on Aug. 17 with pilot tokens like RLB and UNIBOT. Degen exchange users cannot no longer buy assets on the platform, although token sales and withdrawals remain possible according to the team. The mononymous Razer, Rollbit’s co-founder, noted that futures trading will continue and the company sees volume in this market. Of course! This update will allow us to spend even more time working on Futures, where we see great adoption and volume. — Razer (@Razer_Rollbit) September 22, 2023 Rollbit also decommissioned its Rollbot platform primarily focused on the casino’s non-fungible token (NFT) offerings. However, the company’s NFT collections are unaffected by this move. It’s important to note that these are independent changes that we’re making to better position and safeguard our business. There’s no changes to our core product...

There is a dynamic transformation in the stablecoin scene following the recent introduction of PayPal’s USD stablecoin. With its entry, there are questions about its potential impact on existing options like USDC. Meanwhile,  Borroe’s   presale is ongoing and continues to attract supporters and investors.  PayPal’s stablecoin PayPal’s recently launched a USD-backed stablecoin for users to transfer funds between digital wallets, facilitate person-to-person payments, and permit purchases via digital currencies.  You might also like: USDC issuer creates $1 billion cash buffer days after PayPal’s entry Additionally, users can easily convert supported cryptocurrencies to and from PayPal USD. Backed by USD deposits, short-term treasuries, and cash equivalents, the stablecoin mirrors the 1-to-1 ratio redemption characteristic of most USD-backed stablecoins.  To launch this stablecoin, PayPal partnered with Paxos Trust Company, a N...