Hot Development For These 12 Altcoins: Affiliate and More!

The agenda of the cryptocurrency market is currently surrounded by new developments from the SEC case. Meanwhile, many important developments took place, from the SWIFT and Chainlink partnership to the integration of SushiSwap v3 and Avalanche. In the continuation of the article, you can find the hottest and important developments in the altcoin market.

Here are the hot developments of the week from 12 altcoins

SWIFT and Chainlink partnership

Interbank messaging system SWIFT has joined forces with Chainlink to run tests on wire transfers using Blockchain technology. The partnership aims to explore the potential of using Chainlink, which provides connectivity on both public and private networks, and SWIFT infrastructure to facilitate the transfer of tokenized assets between various Blockchains.

As we conveyed as Kriptokoin.com, the partnership will be at the service of more than one world giant.

Lazarus behind Atomic Wallet hack

Blockchain intelligence firm Elliptic said in a new report that Atomic Wallet users are victims of the notorious North Korean hacking group Lazarus. Saturday Atomic team announced that some users had been compromised and lost money in their wallets. According to the company, the number of events did not exceed 1% of “monthly active users”. The announcement came after multiple reports on Reddit from users complaining that their wallets were being emptied.

Blockchain detective ZachXBT says the hack attempt seized $35 million worth of altcoins. These included various coins such as Bitcoin (BTC), ETH, USDT, DOGE, LTC and BNB. According to new reports from Elliptic, traces of the hacking attempt date back to the hacker group Lazarus.

Aave proposes major improvements for GHO stablecoin

DeFi protocol Aave is approaching the long-awaited Ethereum launch of the native stablecoin GHO. The developer of the project, Aave Companies, recently proposed two important features.

The GHO was already running smoothly on the Ethereum Goer testnet since February. The latest development marks a big step towards wider adoption and use.

New recommendations: Aave V3 Ethereum Facilitator and FlashMinter Facilitator. These features aim to improve the lending capabilities and overall functionality of the GHO. If the Aave DAO approves this proposal, the GHO will officially go live on the Ethereum Mainnet. Thus, it will open up new possibilities for the Aave ecosystem and the Aave DAO.

Circle licenses digital tokens in Singapore

Circle, the company behind USDC, has licensed the Major Payment Institution (MPI) for digital payment token services in Singapore. The license allows Circle Singapore to offer payment services, cross-border money transfers and local transfer services in the city-state.

Optimism successfully completed the Bedrock upgrade

Ethereum Layer-2 solution Optimism has successfully completed the Bedrock upgrade. The upgrade brings the altcoin network closer to its vision of becoming a “Super Chain” communicating with other networks. Implementation of Bedrock will reduce deposit confirmation times from 10 minutes to just 1 minute. It also aims to cut gas fees by an impressive 40%.

Bitcoin Startup Lab raises $1.5 million in funding

San Francisco-based BTC pre-accelerator Bitcoin Startup Lab has raised $1.5 million in a strategic funding round led by Sora Ventures. With the last funding, the valuation of the firm reached $20 million.

Binance Pay and Lyzi partnership

Binance Pay has announced its partnership with Lyzi to take crypto payments to the next level in Europe. Binance-Pay users will now be able to make crypto payments for their daily purchases through Lyzi and its merchant network.

Meanwhile, more than 440 merchants are already using the payment solution in France. Currently, 330 vendors are participating in Europe, including bakeries, pharmacies, beauty centres, car dealers, fast-food restaurants and more. Within the scope of the partnership, users in the region will be able to pay with BTC, ETH and SHIB cryptocurrencies in particular.

Cardano (ADA) among cryptocurrencies to be delisted from Robinhood

Cardano (ADA), Solana (SOL), and Polygon (MATIC) face the possibility of being delisted from crypto exchange Robinhood due to recent legal proceedings by the SEC. According to Bloomberg’s report, Robinhood said it could remove the tokens involved in the SEC lawsuit against Binance and Coinbase. You can check out more details in this article.

IOTA partners with European institutions

The IOTA Foundation has held a number of events in consultation with FTI over the past few months. These events were intended to spark policy discussions regarding the future of regulation of cryptocurrencies in the EU, particularly regarding DeFi and NFTs.

In recent developments, the IOTA team held discussions with other industry players and European Institutions containing valuable information on decentralized technology and cryptocurrency regulations. According to the announcement, IOTA is now partnering with FTIconsultingEU.

Cosmos team raises $5.3 million

Informal Systems has raised $5.3 million to support its work as the core development team in the Cosmos ecosystem. VC firm CMCC Global led the funding with support from Nascent, Maven11 and others. Angel investors from companies such as Celestia and EigenLayer also participated. The funds were collected in the form of a convertible note.

SushiSwap v3 added support for Avalanche

SushiSwap (SUSHI) announced that its v3 product suite has added support for Avalanche, including a centralized liquidity pool, cross-chain platform SushiXSwap, and a new DEX aggregator.

MetaTdex reaches strategic collaboration with Polygon

Finally, DEX platform MetaTdex and Polygon jointly announced a strategic collaboration. The two will jointly explore MetaTdex in the phase of deploying on Polygon zkEVM. According to the official announcement, “Deployment of MetaTdex on Polygon increases Polygon adoption. It supports DeFi, NFT and other innovative applications on both protocols. The integration will offer users a wider range to participate in the tokenized exchange.”