Last Minute For These 10 Altcoins: Critical News Has Arrived!

The altcoin market expects upcoming Ethereum, Cardano, and Shiba Inu rises. Ahead of next week’s intense network development activities, 10 altcoins including Chiliz and MakerDAO announced key developments.

Dubai University starts accepting tuition payments with this altcoin

Canadian University Dubai (CUD) has announced a partnership with leading exchange Binance to leverage Binance Pay, a contactless, unlimited cryptocurrency payment technology. As part of this partnership, Bitcoin, Ethereum and Cardano will be able to be used for tuition payments on the live Shiba Inu (SHIB).

This altcoin platform has suspended XRP transactions

Cryptocurrency exchange Bitrue said it will temporarily suspend XRP deposits and withdrawals. In an official blog post, “Bitrue will perform some maintenance on its XRP Wallet on February 9. The maintenance will take approximately 1 hour”.

Released Kalima (KLX) Blockchain

Kalima (KLX), a PoS Blockchain empowered for IoT, invites developers to develop dApps with its smart contracts and SDKs. KLX token has been listed on BitMart, the top 10 centralized cryptocurrency exchange. Kalima has now announced that it has officially launched its Blockchain.

Argo Blockchain CEO Peter Wall resigns

Argo Blockchain CEO and Interim Chairman Peter Wall has resigned from his position at the mining firm to pursue other opportunities. The Bitcoin (BTC) mining firm announced on February 9 that it would begin its search for a permanent CEO, with Peter Wall leaving his post.

Peter Wall, who has led the BTC mining firm for the past three years, said he left to explore other opportunities. Wall agreed to remain as a consultant for the next three months to support the transition.

New altcoin protocol released to increase use case for DAI stablecoin

DeFi giant MakerDAO, which facilitates the production of the DAI stablecoin, is launching a lending platform to rival Aave, one of Ethereum’s biggest DeFi products. Spark Protocol, a fork of version 3 (v3) of Aave, will be a front-end application that allows users to interact with DAI by borrowing, lending, and staking, according to an announcement on the MakerDAO forum.

Chiliz launches Layer-1 Blockchain

Chiliz has launched its own kLayer-1 Ethereum Virtual Machine (EVM) compatible Blockchain ecosystem to support its growth. The new Blockchain uses a system of 11 active validators with PoS consensus, which was launched to enable faster block times, lower fees and energy usage.

According to the project’s documentation, Chiliz Chain 2.0 is a hard fork of BNB Chain, an Ethereum fork. This means that the new layer-1 is EVM compatible, which aims to attract decentralized application developers to build within the environment.

This altcoin project gained acceptance in Tel Aviv and London

As part of The Open Network’s (TON) first global hackathon, Orbs, a public, open, decentralized Blockchain infrastructure has been selected to host exclusive offsite workshop events in both Tel Aviv and London. . The TON Foundation and DoraHacks have teamed up to present Hack-a-TONx, the first worldwide hackathon for TON with a $250,000 prize pool.

TON experts will guide participating teams in the hopes of helping them raise $250,000 at the hackathon workshops to be held in Tel Aviv on February 19-20 and in London on February 25. Also at both events, Orbs technical co-founder Tal Kol and senior software engineer Shahar Yakir will serve as TON developer experts.

Tether reports Q4 net profit of $700 million

Stablecoin firm Tether released its latest Q4 profit report on Thursday, reporting a “net profit” of $700 million, which it says is in addition to its reserves.

According to the statement, Tether’s consolidated total assets stood at at least $67.04 billion as of date, while its consolidated total liabilities stood at $66.08 billion, reflecting at least $960 million in excess reserves.

Rocketpool doubles TVL value of altcoin pools

The value locked in Ethereum liquid staking protocol Rocketpool (TVL) has reached $1 billion as it tries to capture more of the liquid staking market. Most of this value is in Etehreum (sEth) staked at $641 million, with the remaining $359 million in the project’s native token RPL.

The project currently has a 5.64% share of the Ethereum liquid staking market. This ranks third after Lido, which accounts for the lion’s share of the market with 74%, and Coinbase with 16%.

Paxos tries to quell speculations of trouble with OCC

Stablecoin issuer Paxos sought to clear rumors of trouble with the U.S. Currency Supervisory Office (OCC) late Wednesday, insisting that its national trust bank charter filing is ongoing. Yesterday, rumors were circulating that the stablecoin issuer and others were facing a crackdown on crypto banking.

“To clear up the speculation: Paxos was not asked to withdraw its application for national trust bank charter from the OCC and the charter was not rejected,” the company wrote on Twitter.

DeFi-focused altcoin Aave launches its new stablecoin

Aave said on Thursday that it is deploying its native stablecoin, GHO, on Ethereum’s Goerli testnet. Pronounced “go,” developers and potential implementers of the GHO can access the stablecoin’s codebase and test how it works before it is released to the wider public on the Ethereum network, according to a press release.