BNB Chain Launches opBNB Mainnet
Developers of BNB Chain have announced the public launch of opBNB’s mainnet. After processing over 35 million transactions on-chain and deploying more than 150 dapps on the testnet, opBNB is now live. opBNB serves as the layer 2 (L2) of the BNB Smart Chain and is compatible with the Ethereum Virtual Machine (EVM). It utilizes the Optimism OP Stack to move transactions to L2, reducing congestion and transaction costs. With an average gas fee of $0.005 and a capacity of 4k TPS, opBNB aims to revolutionize blockchain technology by making it more accessible to all.
Nansen Introduces AI-Powered Platform
Blockchain analytics firm Nansen has launched an updated version of its platform, powered by AI. The new version aims to enhance accessibility to blockchain insights and facilitate informed decision-making through user-friendly navigation. It also addresses security concerns in the crypto space by identifying suspicious trades and monitoring wallet-to-wallet transfers. Within 24 hours, Nansen 2 attracted 200,000 users who signed up for Early Access, eagerly awaiting the official launch to gain access to its powerful features.
Ripple Plans Majority of Hiring Outside US
Ripple CEO Brad Garlinghouse revealed that Ripple plans to do 80% of its hiring outside the US this year. Garlinghouse cited regulatory clarity as the primary reason for expanding their workforce in countries like Singapore, Hong Kong, the UK, and Dubai. He expressed frustration with the regulatory situation in the US and emphasized the importance of governments partnering with the industry and providing clear rules for growth.
Telegram and TON Foundation Announce TON Space Wallet
Telegram and TON Foundation have jointly announced the upcoming launch of TON Space, a new self-custodial crypto wallet. Developed by The Open Platform (TOP), TON Space will be available to Telegram’s global users starting in November. The wallet does not require any registration process but will initially exclude certain jurisdictions like the USA.
Opera Introduces Non-Custodial Stablecoin Wallet for African Users
Opera has unveiled MiniPay, a non-custodial stablecoin wallet integrated into its mobile web browser. The wallet is built on the Celo blockchain and aims to onboard millions of mobile users across Africa to Web3. Initially launching in Nigeria, MiniPay offers dollar savings, fast transactions, and low fees to enhance user experience.
WisdomTree Reports Strong Inflows in August
WisdomTree, an investment giant, reported over $1.3 billion of net inflows in August 2023. The company experienced robust flows into fixed income and equity strategies, offsetting weakness in commodity and currency flows. Year-to-date net inflows exceeded $10 billion, driving a 19% annualized pace of organic growth relative to their peers in the asset management industry. Additionally, their equity strategies generated significant year-to-date annualized organic growth.
Hot Take: Innovation and Expansion Drive Crypto Industry Forward
The crypto industry continues to witness exciting developments as key players introduce new technologies and expand their operations globally. BNB Chain’s opBNB mainnet launch provides improved scalability and cost-efficiency for blockchain users. Nansen’s AI-powered platform enhances accessibility and security in the crypto space. Ripple’s decision to focus hiring outside the US highlights the importance of regulatory clarity for industry growth. Telegram’s TON Space wallet and Opera’s MiniPay bring user-friendly crypto solutions to global and African users, respectively. Finally, WisdomTree’s strong inflows reflect the increasing investor interest in crypto assets. These advancements indicate a promising future for the crypto industry.
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