Various altcoin projects, which are closely followed in Turkey, announced new developments. Here are the recent altcoin developments…
SoftBank partners with altcoin
Japanese conglomerate SoftBank will become an official network validator at Oasys (OAS). Thus, the game will explore more collaborations with Blockchain, including the development of Blockchain-based services. SoftBank said Oasys’ advanced technological capabilities serve both users and intellectual property owners. Bandai Namco Research, SEGA, Square Enix, and Netmarble are among the top 21 validators for Oasys. The next group adds four more companies, bringing the total to 25. Network validators are entities that help keep transactions secure by verifying transactions on any Blockchain network. cryptocoin.com As we have also reported, OAS price rose 11 percent with this development.
Auros Global restructured its $18 million debt
Crypto trading firm Auros Global, the victim of the bankruptcy of crypto exchange FTX, has reached the decision to restructure its troubled debt on blockchain-based lending protocol Maple Finance, its primary creditor M11 Credit said Wednesday. As of December 20, Auros had approximately $18 million in outstanding loans accrued from two M11 Credit-managed lending pools at Maple. The firm had missed loan repayments since late November, citing liquidity issues due to frozen funds in FTX. Auros had entered provisional liquidation by a British Virgin Islands court in December.
Covo Finance will have a launch on Polygon
The decentralized finance (DeFi) industry is transforming the financial industry by offering users a safer and more accessible way to trade, invest, borrow and lend. One of the most popular DeFi applications is leverage trading, which involves using borrowed funds to increase exposure to cryptocurrency assets. Covo Finance, a DeFi leverage trading platform, was recently launched on the Polygon network.
A new airdrop is coming for the popular altcoin STEPN
P2E project STEPN has made a big announcement that will surely get Genesis sneaker owners excited. In a recent tweet, the project stated that it will hold a large airdrop for those holding certain colors of the sneakers. According to the tweet, the airdrop will be 4,000 GMT for gray shoes, 8,000 GMT for green shoes, 16,000 GMT for blue shoes, and 32,000 GMT for purple shoes.
Wirex partners with Visa
London-based crypto payments company Wirex has announced that it has reached a long-term service agreement with Visa. The move is a huge milestone for Wirex as it will enable the company to reach customers in new markets, including the UK and APAC markets. Most importantly, Wirex offers cryptocurrency-linked card services, and being a global partner of Visa will enable it to reach customers in over 40 countries worldwide. Wirex was the first company to introduce crypto card services to the mainstream audience in 2015 in partnership with Visa at the time. It continued to be Visa’s main member in Europe in 2020.
Altcoin soars with OKEx’s new Blockchain announcement
Leading crypto derivatives exchange OKEx’s own token, OKB, rose more than 19 percent on Wednesday, hitting an all-time high after OKX founder Star Xu announced the launch of a new blockchain, OKBChain, in the first quarter. It reached $52.31. After the latest price surge, OKB is currently the 25th largest cryptocurrency by market cap. The blockchain will be independent of the existing Okxchain, a community-created proof-of-stake (POS) chain. In contrast, OKBChain is developed and operated exclusively by OKX company.
Cardano sees increase in whale activity
Analytics platform Santiment says whale activity on the Cardano (ADA) Blockchain is increasing as the token continues to consolidate. Santiment says a spike in Cardano whale activity began at the beginning of the month, with daily transactions up more than 460 percent from the previous month. Santiment also notes that key Cardano stakeholders are heavily accumulating the eighth-largest cryptocurrency by market cap.
New plans for gnosis proposed
Martin Köppelmann, co-founder of the privacy-focused Ethereum sidechain Gnosis, has proposed plans to reduce external dependencies and increase the security of GNO tokens on Ethereum and Gnosis. In a preliminary discussion on the Gnosis governance forums, Köppelmann stated that the GNO was originally minted on Ethereum, but the GNO tokens came from a bridge contract and represented a claim against the GNO on Ethereum.
New statement from Shiba Inu developers
Maybe Shytoshi Kusama, the main spokesperson for all things Shiba Inu (SHIB) related, has officially invited everyone to the Shibarium. However, the invitation was included in a blog post published by the developer today. In addition to inviting different people in different languages, Kusama also outlined some specific details regarding the long-awaited Shiba Inu Layer-2 EVM protocol. The “Shibarium: The Invite” post will be the first of a series that Shytoshi has promised to release ahead of the highly anticipated SHIB innovation.
There are important analyzes for MINA
Crypto trader Mac tweeted an update today regarding his technical analysis on Mina (MINA) on January 31, 2023. Mac mentioned in his previous altcoin analysis that MINA is recovering the 1-day trend, and if the altcoin Bitcoin (BTC) doesn’t hold firm, the price should fill the $1.2 monthly gap in the coming weeks. Today’s tweet reconsidered last month’s analysis to share that more than 60 percent of the gap has been filled by the altcoin, as the trader predicted. This comes after the crypto market leader has gained more than 10 percent in the last 24 hours, according to CoinMarketCap.
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