Crypto Intelligence

London, United Kingdom, March 13th, 2024, Chainwire

Bitcoin Dogs has now raised a spectacular total of $10.6 million as it nears the final 48 hours of its presale, after which the 0DOG tokens will become available for public trading.

The ICO, the first-ever for a token built on the Bitcoin blockchain, began on the 14th of February. It debuted with a product video that garnered thousands of views and achieved viral growth, amassing a community of over 110k followers on X and in excess of 25k members on Telegram, all in under 30 days.

The exceptional response has been powered significantly by Bitcoin Dogs’ innovative use of the Bitcoin ordinals protocol, a 2023 update to Bitcoin that enables token minting and NFTs on the Bitcoin blockchain. This places Bitcoin Dogs firmly within a range of Web3 camps since the project offers both its 0DOG token, an NFT collection, and a GameFi experience to those who invest.

0DOG is currently available to purchase at its final stage price of $0.0404 before it becomes available for public trading. The presale will end on Friday 15th March.

0DOG is available to buy on the Bitcoin Dogs website.

Born And Bred On Bitcoin

Ordinals allows collectibles and custom tokens to be written onto satoshis, or “sats” — the smallest denomination of a bitcoin. This has allowed NFTs and “BRC-20” tokens to flourish on the Bitcoin network, and according to Grayscale, Bitcoin is now jostling for the title of dominant NFT chain over Ethereum. 

Bitcoin Dogs uses Ordinals in two ways, making it a potential flagship project for the protocol. Firstly, the 0DOG token is issued under the BRC-20 standard, meaning that 0DOG tokens are stored and transferred over the Bitcoin network, much like ERC-20 tokens like SHIB on Ethereum. BRC-20 tokens have been extremely popular since they debuted last year, and two remain in the top 100 cryptocurrencies by market cap.

Second, available only to 0DOG holders, Bitcoin Dogs will mint 10,000 NFTs on the Bitcoin blockchain, using Ordinals to inscribe images on satoshis. Ordinals NFT collections like Bitcoin Frogs and NodeMonkes have become popular in recent months, with the latter hitting $1 million in sales in early March. 

Bitcoin Dogs employs the same 8-bit graphic style as these projects while implementing the ever-popular “doge” style imagery on top of this.

The Bitcoin Dogs team is optimistic that the use cases for Ordinals position Bitcoin Dogs to benefit from the general bullish sentiment surrounding the Ordinals protocol. The team is hoping that owners will replicate the success stories of ORDI and other notable NFT collections.

The Presale

As it nears its final 48 hours, 0DOG is currently on sale for $0.0404, the final fixed price before the token becomes available for public trading.

At the end of the presale, any unsold tokens will be burned, permanently removing them from circulation. This means that the total supply, originally 900 million 0DOG, will ultimately be decided by the market. 

A burn would reduce the supply, which could in theory drive up the price of 0DOG if demand were to persist. Deflationary pressures like this have been credited with creating long-term value in tokens like Bitcoin and numerous other cryptocurrencies. 

The Bitcoin halving, scheduled for April and traditionally associated with increased scarcity, is anticipated by the team to potentially boost Bitcoin prices beyond the $72.968k all-time high. Furthermore, the team expects this surge to ripple out into the wider crypto markets, suggesting that the broader crypto market could stand to benefit from the ensuing hype.

The presale will end on Friday 15th March.

About Bitcoin Dogs

Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time ever, NFTs, gaming, and new token types come together to offer the first ICO on the original Bitcoin blockchain. The truly permissionless immutability of Bitcoin is being harnessed to create the 0DOG token, while a play-to-earn (P2E) gaming experience and NFT collection are being developed exclusively for 0DOG holders.

For more information about Bitcoin Dogs (0DOG) users can visit the website.

Official Website | Whitepaper | Socials

Contact

Bitcoin Dogs Team
Bitcoin Dogs
marketing@bitcoindogs.club

Tortola, British Virgin Islands, March 12th, 2024, Chainwire

Nibiru Chain, a developer and user-centric Layer 1 platform, has officially launched its public mainnet. Nibiru Chain stands out by offering a secure and efficient environment for building highly-performant decentralized applications. It is distinguished by its robust smart contract ecosystem offering superior throughput and unparalleled security, making it the go-to platform for builders in gaming, real-world assets (RWAs), NFTs, DeFi, and more.

Empowering Users with a Rich Ecosystem

At launch, Nibiru Chain offers a wide range of functionalities to its community and prospective builders. Users can engage in staking with NIBI validators and participate in decentralized governance. Nibiru Chain will also introduce competitive Web3 gaming through Chess3, allowing players to learn the game of chess, compete in tournaments sponsored by communities, streamers, or brands, and earn rewards. Additionally, Nibiru Chain supports the minting and trading of NFTs on Dropspace, secure “.nibi” namespaces through Nibiru ID, and real estate opportunities through Coded Estate.

Nibiru Chain encourages innovation by rewarding developers with a portion of transaction fees from their smart contracts, offering built-in value accrual. In addition to providing developers with tools to build applications, Nibiru Chain introduces its Super Chain, which includes perpetuals, spot, swap, and stablecoin functionalities. These features offer greater opportunities for dApps to expand and integrate with DeFi. The Super Chain initiative aims to deliver a seamless retail trading and investment experience and is designed to serve users across more than 40 blockchains.

Nibiru’s Strategic Vision for 2024

Nibiru Chain’s key initiatives include rolling out its genesis NFT collection and expansion into the APAC region with an initial focus on Korea, China, India, Japan, Vietnam, and Thailand. Central to Nibiru Chain’s mission is the launch of parallel optimistic execution, which enables the simultaneous processing of multiple independent transactions.

Launching Nibiru Chain marks a significant stride toward increasing blockchain scalability by bridging gaps across the blockchain landscape. Nibiru is engineered to dismantle hurdles that have isolated applications and users within their ecosystems and offer an intuitive, straightforward entry point into a more thoroughly connected Web3 for users and developers alike.

Additionally, Nibiru Chain is set to announce details on its upgrade enabling full Ethereum Virtual Machine compatibility, ensuring further interoperability with Ethereum-based dApps. This integration will lower the barrier to entry for Ethereum developers and facilitate a smoother transition to Nibiru Chain’s more efficient and cost-effective Layer 1 solution, making crypto more accessible and user-friendly for the general public.

About Nibiru

Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem sporting superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, and value accrual.

Website | Twitter | LinkedIn | Telegram | Discord

Contact

PR & Media Inquiries
media@nibiru.org

Grand Cayman, Cayman Islands, March 8th, 2024, Chainwire

Powered by Pravica, S3 will provide builders on the Sui blockchain with the opportunity to seamlessly launch native stablecoins without the complexities of smart contract development and currency management

S3.MONEY (S3), a stablecoin studio developed on top of the Sui blockchain, was officially announced today by Cairo-based blockchain startup Pravica in collaboration with Sui. S3, which stands for “Stablecoin Studio on Sui,” is set to revolutionize the global payment processing landscape by introducing a versatile and user-friendly solution for building and utilizing stablecoins on the Sui blockchain.

S3 offers a key utility designed for building customizable stablecoins directly on the Sui blockchain, which in its initial phase, enables issuers to create fiat-backed stablecoins without building the bespoke technological infrastructure typically required for smart contract development and currency management. S3 not only simplifies the process for existing stablecoin issuers, such as USDC and USDT, to integrate with Sui, but also facilitates the creation of bespoke stablecoin solutions tailored to meet specific regulatory requirements in various jurisdictions.

S3 also establishes an entirely new process for stablecoin management, offering a streamlined one-stop-shop experience through a straightforward interface. Stablecoin Studio on Sui provides intuitive, capable administration with role-based controls, enabling effortless configuration and management of stablecoins. The platform enhances treasury command with built-in proof-of-reserve functionality and seamless integration with on-chain oracles. Integrated KYC/AML features prioritize compliance, strengthening due diligence with qualified identity verification services.

Mohamed Abdou, Founder & CEO of Pravica, expressed his enthusiasm for S3 and Sui as a foundation for Pravica’s stablecoin creator. “Based on the adoption we are already seeing and our deep experience with international payment systems, we are convinced that stablecoins will revolutionize the global payments industry. We also believe that Sui offers the most capable platform for building robust and scalable decentralized utilities. Built on top of Sui, S3 poised to become a global utility for creating customized payment solutions utilized by millions,” he said.

Beyond empowering builders to craft their own stablecoins, S3 also comes with a cutting-edge payments app, Walletify, which serves as a closed-loop payment solution. Walletify allows users to seamlessly transact using the stablecoins created through the S3 utility. Walletify’s closed-loop architecture, building on Sui’s unique Move-based design pattern, ensures a secure and efficient payment experience for both merchants and users.

“The team at Pravica has done incredible work and built much needed financial tooling. Stablecoin Studio on Sui removes an immense hurdle for stablecoin issuers and is set to transform the world’s payment processing industry,” said Greg Siourounis, Managing Director of the Sui Foundation. “We are extremely gratified that they have chosen to build this revolutionary solution on Sui.”

Contact

Sui Foundation
media@sui.io

Toronto, Canada, March 8th, 2024, Chainwire

Conflux Network, the only regulatory compliant public blockchain in China, today announces its pivotal role in assisting the successful beta-testing of the Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. Built by local fintech company AnchorX, the stablecoin will be launched on Conflux Network initially, followed by Ethereum.

Conflux will provide the underlying technology with its superior scalability, security, low latency and cost-effectiveness. With this launch, AnchorX envisions becoming the most trusted provider of digital currency solutions in Asia, empowering reliable and efficient global exchanges.

AxHKD, will be launched initially on the Conflux public blockchain, and utilizes world-class distributed ledger technology and robust cybersecurity measures. It ensures a 1:1 peg to the HKD, backed by high-quality liquid asset reserves. These reserves are protected by a segregated trust arrangement and held by regulated financial institutions in Hong Kong. OKLink Trust, a strategic partner of AnchorX, provides the custodian services for the AxHKD issuance. 

AnchorX targets two primary applications for AxHKD. Firstly, as a catalyst for global payments, AxHKD enhances cross-border transactions between Hong Kong/mainland China and the global market. This is particularly beneficial for Belt and Road partners with less developed banking infrastructures. Secondly, AxHKD acts as a reliable fiat-on-chain instrument for virtual asset trading, paving the way for innovation in Real-World Assets and bridging the gap between traditional and digital assets in Hong Kong. 

The project is backed by Industry leaders from both the traditional finance and blockchain technology space including Hony Capital, a leading investment management firm in China overseeing over USD 16 billion in assets.

The announcement follows the recent initiatives by Hong Kong authorities to propose a regulatory regime for stablecoin issuers. On December 27, 2023, the Financial Services and the Treasury Bureau, in conjunction with the Hong Kong Monetary Authority (“HKMA”), released a Consultation Paper to gather public comments on the proposed legislation to regulate stablecoin issuers. This paper builds on the Discussion Paper released by the HKMA in January 2022 and the subsequent Conclusion Paper in January 2023.

Byron Wong, the Chief Compliance Officer at AnchorX, commented on the company’s unwavering commitment to meeting regulatory standards,  “Hong Kong has adopted one of the most proactive approaches to stablecoin regulation globally. We want to ensure that AxHKD tightly aligns with the proposed stablecoin standards. We will also explore applying for participation in the upcoming regulatory sandbox and hope to contribute our first-hand practical insights to the formation of a successful stablecoin regulatory regime.”

Fan Long, Founder of Conflux, commented “We’re thrilled to partner with AnchorX for the launch of AxHKD on Conflux Network. This collaboration represents a significant milestone in the fusion of traditional finance and the Web3 realm, enhancing the practicality of digital currencies for everyday transactions. AxHKD is poised to play a pivotal role in weaving the Hong Kong Dollar into the fabric of the Web3 ecosystem, driving innovation and financial inclusion.”

About Conflux

Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. It utilizes a hybrid PoW/PoS consensus mechanism to ensure a rapid, secure, and scalable blockchain environment. With Conflux, congestion is eliminated, fees remain low, and network security is enhanced.

As the leading regulatory-compliant public blockchain in China, Conflux offers a distinct advantage for projects seeking to enter the Asian market. The platform collaborates with renowned global brands and government entities in the region, driving blockchain and metaverse initiatives. Notable partnerships include the city of Shanghai, China Telecom, Little Red Book (China’s “Instagram”), McDonald’s China, and Oreo. Learn more: https://confluxnetwork.org/

About AnchorX

AnchorX is a Hong Kong-based fintech company with a vision to be the most trusted provider of digital solutions in Asia. Learn more: https://www.anchorx.org/ or https://twitter.com/AnchorX_Ltd

Contact

Melissa Tirey
melissa@shift6studios.com

San Francisco, USA / California, March 7th, 2024, Chainwire

Firewall secures funding from North Island Ventures, Breyer Capital, and Hack VC to bulletproof smart contract networks.

Firewall, a blockchain infrastructure startup, announced its $3.7M pre-seed round, co-led by North Island Ventures, Breyer Capital, and Hack VC. Firewall transforms the usability of smart contract technology through an innovative finality consensus mechanism that eliminates smart contract exploits.

The founders of Firewall, previously the first and sixth employees at Staked—a staking company acquired by Kraken in a landmark crypto deal—have helped breathe life into the eras of proof-of-stake and decentralized finance over the last six years. In that time, the founders served institutional clients with infrastructure that handled billions of dollars, and now building on their experience, are addressing what most perceive as the final major hurdle to a full embrace of digital assets by the traditional financial system.

“Firewall is building the safety rails that enable the everyday person to use the next era of the Internet,” stated Devan Purhar, Co-Founder of Firewall. “Today, billions of dollars are stolen from users, through irreversible transactions that are classifiable as theft. There’s a parallel between the current state of crypto-networks and the early internet, with a similar lack of essential security infrastructure. Our focus is not on marginal improvements; rather, we bring a required paradigm shift in the usability of blockchains. We designed a solution from first principles, and created programmable finality. Fundamentally, we make exploits a concept of the past.”

Akin to a digital version of a traditional network’s firewall, Firewall’s technology introduces “programmable finality”. It extends rollups to use programmable transaction finalization rules, which act as automated checkpoints that block harmful transactions, inserted before later stages when the data is finalized by a DA layer such as EigenDA or Celestia. The founders envision Firewall as a part of every smart contract network, acting as an embedded security system that intelligently guards against threats.

“Firewall uses real-time algorithms to pre-filter exploits from being included in blocks,” shared Sam Mitchell, Firewall Co-Founder. “Then, by using programmable finality we automatically recover from any exploits that bypass the pre-filter checks. Detection at this stage can involve AI models or social consensus, which may take longer.” Mitchell emphasized that institutions, managing trillions in assets, are interested in the benefits of smart contracts but require a secure environment to deploy capital. “Creating comfort for institutional clients to use smart contracts will be the pivotal point for the widespread adoption of digital assets.”

Past the founders, the core team is credited with successfully pioneering AI use in crypto threat detection at OpenZeppelin and Forta, and is set to revolutionize the field with Firewall’s all-encompassing security approach. The startup’s initial focus is on the rollup ecosystem, and prides itself on alignment with building non-custodial and trustless solutions. The funding will help expand the team and create the community to “firewall the EVM”. Longer-term plans include developing coordination mechanisms to integrate the social layer directly into the Firewall.

Travis Scher, Managing Partner at North Island Ventures, said “We believe the primary impediment to crypto’s mainstream adoption is the current security paradigm, in which a single bug can lead to a total loss of user funds. Firewall’s solution can prevent such losses, and we are thrilled to support such an important company from the outset.”

The funding round was co-led by North Island Ventures, Breyer Capital, and Hack VC, with participation from Finality Capital, and angels including Tim Ogilvie of Staked, Kain Warwick and Jordan Momtazi of Synthetix, Nathan McCauley of Anchorage, and Yaoqi Jia of AltLayer.

“Firewall is making blockchains safer for users, developers, and institutions,” said Ted Breyer of Breyer Capital. “We see this catalyzing a new era of smart contract utility, and we’re delighted to support the team.”

With the growing global adoption of crypto and regulatory spotlight, catalyzed by the BTC ETF and anticipated ETH ETF, the time for crypto-networks to become bulletproof is now. Trillions of dollars remain on the sidelines, scared to use smart contracts. Firewall’s “programmable finality” which effectively neutralizes exploits, offers the security assurance needed to unlock these assets, paving the way for crypto to revolutionize the global financial system.

About Firewall

Firewall is dedicated to making smart contract technology safe to use in everyday life, by eliminating smart contract exploits. Their solution is akin to a robust network firewall, applied to the modular blockchain ecosystem.

Contact

Co-Founder
Devan Purhar
Firewall
devan@usefirewall.com

Dubai, UAE, March 7th, 2024, Chainwire

RWA focused blockchain, MANTRA is excited to announce the upcoming launch of the MANTRA Chain Hongbai Testnet, scheduled for. The development marks a significant step in MANTRA’s mission to revolutionize the DeFi ecosystem by integrating it with traditional markets and attracting non-crypto native users and institutions.

Following the success of its first testnet in November, which garnered strong support from 100 active validators, MANTRA aims to build on the momentum with its Hongbai successor. This new phase aims to attract more users and decentralized applications (dApps) to its ecosystem, further solidifying its position as a major player in the tokenized RWA space.

A Layer-1 blockchain focused on Real-World Assets, MANTRA Chain enables regulatory-compliant assets and protocols at the protocol level and leverages the robust infrastructure of the Cosmos SDK. Assuring interoperability through the IBC protocol and compatibility with CosmWasm contracts, MANTRA Chain is at the heart of the platform’s vision to unlock a $16 trillion RWA market by 2030.

The architecture of MANTRA Chain, which is secured by a sovereign Proof of Stake (PoS) validator set and the CometBFT consensus mechanism, is divided into five core layers: staking, interoperability, execution, module and application. These layers are meticulously designed to meet the demands of an RWA-focused blockchain infrastructure, offering decentralization, security, and a set of regulatory-compliant frameworks. 

MANTRA’s DAO-approved $OM token offers various governance utilities and rewards for stakers. As well as allocating a total of 1.35x rewards to all stakers, $OM serves as the standalone network token for accessing and performing all on-chain services and activities.

Committed to supporting developers, institutions, and builders looking to create, trade, and manage various RWAs on-chain, MANTRA’s key modules (Guard Module, Token Service Module, Liquidity Module, and Compliance Module) form part of the Composable Module Layer, ensuring adherence to regulatory requirements at the protocol level.

As a fully compliant multi-asset platform, MANTRA represents a useful bridge between the worlds of Traditional Finance (TradFi) and Decentralized Finance (DeFi), paving the way for both institutional and individual retail investors to participate in the latter. While the platform’s execution layer MANTRA Chain generates revenue through a SaaS subscription model for dApps deploying on-chain, its DEX module offers unique tokenized RWAs that are not available for trading or investment on other blockchain networks.

About MANTRA:

MANTRA is a Security first RWA Layer 1 Blockchain, capable of adherence and enforcement of real world regulatory requirements. Built for Institutions and Developers, MANTRA offers a Permissionless Blockchain for Permissioned applications.

Website | X | LinkedIn | Telegram | Medium | Instagram

Contact

Marketing Lead
Christoph Lidman
press@mantrachain.io