Chain News Daily Today TheBitTimes.com

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin was launched about fifteen years ago, aiming to revolutionize finance. However, most businesses are still yet to fully embrace crypto payments. Admittedly, there are billion-dollar crypto service platforms which are remarkable stories in their own right. However, integration of regular businesses and blockchain services is still a work in progress. This gap is what Banxe seeks to fill. Exploring Banxe Banxe re-imagines banking in the crypto era.  From the perspective of a typical business operator, crypto is too inconvenient a payment option to utilize. The logistics of crypto to fiat conversion and related security concerns with handling crypto make for a tough sell. For individual accounts, Banxe allows clients to manage their digital assets and fiat from one location. More importantly, the Mastercard debit card is ...

Cointelegraph reached out to various professionals in the Web3 space to get their thoughts on the recent upward trend in NFT sales volumes. In this week’s newsletter, check out Disney’s plans to release a nonfungible token (NFT) platform by the end of 2023 and find out why NFT sales volumes will likely continue their upward trend in the coming months. Read about China’s stance on NFT theft and why the CEO of Roblox “dreams” of interoperability. In other news, find out what caused eye-related complaints at the recent ApeFest event in Hong Kong.  Disney launches NFT platform with Dapper Labs Disney has partnered with NFT company Dapper Labs to launch a digital collectible platform called Disney Pinnacle. Using the platform , Disney will tokenize various characters from the Disney franchise, Pixar and Star Wars as digital collectibles. Fans can trade and collect digital pins once the NFT platform is fully released on the Apple App Store, Google Play Store and for web browsers by the e...

FLOKI token price has surged by 29.01% surge in the last 24 hours. The price gain is attributed to the launch of TokenFi, a real-world asset tokenization platform. TokenFi empowers users to tokenize real-world assets without coding skills. In a significant move that is reverberating through the cryptocurrency world, the FLOKI token has experienced a remarkable 29.01% surge in its price over the past 24 hours. This sudden boost in value is directly attributed to the launch of TokenFi, a novel platform dedicated to real-world asset (RWA) tokenization. TokenFi, introduced by the Floki development team, marks a pivotal shift for the once-meme coin project, positioning it as a formidable contender in the decentralized finance (DeFi) ecosystem. Revolutionizing RWA tokenization using TokenFi TokenFi is designed to facilitate the tokenization of real-world asset s without requiring users to possess coding skills. FLOKI LAUNCHES TOKENFI (with "TOKEN" ...

Web3 platform Galxe experiences a security breach, as several users report losing access to their funds and wallets. Leading web3 community-building platform Galxe has suffered a security breach. Multiple users have report ed being unable to access their funds and wallets on the platform . The Galxe website is also down.  The platform has posted multiple cautions for users to disconnect their wallets from the platform and not to confirm any transaction. According to the latest information, the breach was the result of a DNS account conducted through the platform’s domain nameservers on Dynadot, a domain marketplace. Update: We’ve detected a security breach affecting the DNS record for “https://t.co/yxdPH0SijN” through our Dynadot account. Please refrain from visiting the site from all channels while we are resolving the issue. Your safety remains our utmost priority. — Galxe (@Galxe) October 6, 2023 Users have been urgently advised to transfer funds from their Galxe acco...

The crypto market strives to match the adoption rates of traditional payment systems, relying on solutions that deliver seamless and intuitive user experiences. While cryptocurrencies offer evident benefits like decentralization, borderless transactions at a low cost and unparalleled security, they still have to catch up with traditional payment systems in terms of user experience in order to enjoy the same adoption rate. Some major crypto exchanges have improve d their UX, but the market is still fragmented and difficult to navigate for novice users . Crypto users often have to manage several wallet addresses for each exchange separately. One of the worst-case scenarios in the space is sending crypto to the wrong address. While most crypto exchanges encourage users to copy the address with a single click, some users may still select the address and miss a letter or digit. The problem is that crypto transactions are irreversible, which is why the funds can be irretrievably lost. An...