When markets are volatile, even the smallest delay in a crypto transaction can be exceedingly costly. And now, a cryptocurrency wallet says it has devised a solution that allows transfers to be completed in under three minutes — irrespective of how many transactions are in the queue. Freewallet has partnered up with Changelly for the new feature, and a grand total of 54 coins are supported by the technology, along with ERC-20 tokens. This includes the world’s biggest cryptocurrencies — Bitcoin (BTC), Ether (ETH), EOS (EOS) and Litecoin (LTC). The benefits Aside from the time savings associated with this technology, …

The co-founder of BiLira (TRYB), the first stablecoin pegged to the Turkish Lira, is predicting that Turkey will announce a new regulatory framework for blockchain “within the next year.” In an interview with Cointelegraph, Vidal Arditi, BiLira’s COO and co-founder, predicted that the updated apparatus will be designed “to protect the average guy and the investors and not inhibit the growth of the sector.” Arditi also emphasized that Turkey’s government has been heavily investing in the country’s blockchain future, asserting that Turkey’s leaders have been heavily “backing blockchain associations, blockchain student clubs, blockchain accelerators and such,” adding: “I'm sure we'll …

Decentralized application (DApp) platform Matic Network (MATIC) has successfully launched its mainnet following two and a half years of development. A June 1 blog post published by Matic notes that mainnet will be deployed over a series of phases to “ensure that the mainnet deployment and validator onboarding is achieved as smoothly as possible.” “More impantly, it ensures that right from day 1 that DApps are able to deploy their products successfully on Matic,” the post adds. MATIC crashes 20% in two days Despite Matic Network launching the first phase of its mainnet rollout, the price of MATIC has fallen …

Reddit’s r/FortNiteBR community has conducted almost five times as many ERC-20 token transfers as the r/CryptoCurrency community with over 1% of Fortnite subscribers holding tokens. After only two weeks of Reddit launching their Ethereum-based Community Points system, over 15,000 users have performed almost 18,000 token transfers with over 80% using FortNite’s Brick tokens as shown by DappRadar’s Reddit Points Tracker. Transaction data for r/FortNiteBR and r/CryptoCurrency. Source: Reddit Both communities have a similar amount of subscribers with r/FortNiteBR only slightly ahead on 1,271,810 subs, but within three days Fortnite showed much stronger support as over 75% of token sign ups …

Ren, a decentralized finance (DeFi) protocol with backing from Polychain Capital and FBG Capital, launched its core product ‘RenVM’ on May 27. The RenVM allows users to create tokenized Bitcoin (BTC), Bitcoin Cash (BCH), and Zcash (ZEC) in the form of ERC-20s for use on the Ethereum ecosystem. “Successfully launching RenVM’s mainnet is a critical step in our long-term mission of creating a decentralized platform for DeFi that is self-sustaining and advances the industry as a whole,” said Taiyang Zhang, co-founder, and CEO of Ren. “Generic interoperability has been a thorn in DeFi’s side, and we’re thrilled that RenVM is …

The popular social blogging platform Reddit has confirmed that its tokenized rewards will migrate onto the Ethereum blockchain later this year. On May 13, Reddit officially revealed its Community Points system, announcing that the feature would be rolled out over two days across “limited communities.” However, the rewards system will operate on a testnet until autumn 2020 at the earliest. A Reddit post confirmed that points will comprise ERC-20 tokens, however, the system will not be migrated onto the Ethereum mainnet until after beta. While the system will initially manifest on the Rinkeby testnet while in beta, a suite of …

In a bid to create a more user-centric social media platform — “a free frontier” — Reddit has introduced its new community points system built on top of the Ethereum blockchain. In a slide presentation shared Wednesday, May 13th, Reddit announced that Redditors will now be able to earn rewards in the form of ERC-20 tokens based on Ethereum blockchain for creating engaging content on the platform. This confirms claims that many users made in April about Reddit coming up with a blockchain-based reward system. Users will have the freedom to either save their community points or utilize them to …

A company that aims to change advertising through blockchain announced its decentralized application is now functional across several social networks, including Facebook, Instagram, Twitter and YouTube. The Atayen-owned Smart Advertising Transaction Token, known as SaTT, claims it upgrades the advertising transaction process thanks to blockchain while removing the high costs associated with launching a campaign, reducing payment delays for publishers that rely on ad revenue, and injecting some much-needed transparency into the industry with performance-based payments. At the same time, this helps remove from the process third parties that inflate costs for everyone, achieves automation and allows brands to assess …

More details appear to have leaked regarding Reddit’s rumored Ethereum (ETH)-based “Community Points” system. A video posted to the platform purports to show a draft of FAQ copy explaining how the system will work. If authentic, the video appears to confirm that Reddit is preparing to launch a reputational currency on Ethereum. Video claims to confirm Reddit’s ERC-20 based ‘Points’ system Community Points are described as “a new tool that represents ownership of a subreddit.” Users can earn the points by “making contributions to the subreddit, such as posting and commenting” — meaning that users will be rewarded based on …

Data published by Ganesh Swami, the co-founder of Ethereum (ETH) analysis firm, Covalent, indicates that decentralized finance, or DeFi, transactions are representing an increasing share of Ethereum block space at the expense of ETH transfers. Swami analyzed the gas costs incurred by Ethereum transactions over time in order to estimate the share of network activity represented by ETH transfers, simple ERC-20 transactions, and the complex interactions with smart contracts usually associated withDeFI protocols — as each transactional category incurring progressively larger gas fees. DeFi transactions ‘cannibalize’ Ethereum block space Swami identifies what “seems to be a natural ceiling to the …

The Ethereum-based social media app, Pepo, has integrated with video conferencing platform, Zoom, to facilitate live streaming. Pepo Live Events is currently exclusively available in beta on the platform’s website and has not given an estimate for when it plans to enable mobile functionality. Pepo integrates Zoom for live streaming Only Pepo community admins are able to stream live, however, anyone can participate in the live events. All events streamed on the platform are recorded, and are limited to a time limit of three hours. Pepo's decision to integrate Zoom suggests an increase in demand for live streaming services amid …

Cryptocurrency wallet provider ZenGo has built a testnet to demonstrate a major security flaw prevalent among decentralized application (DApp) wallets. On March 23, ZenGo published an article highlighting that, when authorizing a specific transaction, many DApp wallets actually grant access over all of that particular token stored in the connected wallet: “As a result, if the DApp is vulnerable to a security issue or is rogue to begin with, attackers can abuse these highly excessive privileges to steal ALL of the DApp’s users holdings (in the approved tokens) without any further user consent. They can do so at any point …