Blockchain News
BNB Chain developers have made a significant announcement today regarding the public launch of opBNB’s mainnet. This follows the processing of more than 35 million transactions on-chain and the deployment of over 150 dapps on the testnet. OpBNB serves as the layer 2 (L2) solution for the BNB Smart Chain. It is fully compatible with the Ethereum Virtual Machine (EVM) and has been built on the Optimism OP Stack. OpBNB aims to tackle congestion and reduce transaction costs with an impressive average gas fee of just $0.005 and a transaction processing speed of 4,000 transactions per second (TPS). The project’s mission is to revolutionize blockchain technology by making it more accessible to everyone.
Blockchain Analytics by Nansen
Blockchain analytics firm Nansen has introduced an upgraded version of its platform, now powered by AI. The primary goal of this update is to provide users with enhanced accessibility to blockchain insights and facilitate well-informed decision-making through a user-friendly interface. Nansen is also equipped to address security concerns within the crypto space by identifying suspicious trades and monitoring wallet-to-wallet transfers. Remarkably, Nansen 2 has already garnered 200,000 users who eagerly signed up for Early Access in under 24 hours, anticipating the official launch to gain access.
Regulation Update
Ripple, the technology company, is planning to carry out 80% of its hiring outside the United States this year. CEO Brad Garlinghouse expressed frustration with the regulatory situation in the US, stating, “You see markets like we have here in Singapore, certainly, even what we’re seeing in Hong Kong, the UK, Dubai, where the governments are partnering with the industry. And you’re seeing leadership, providing clear rules, and you’re seeing growth. And frankly, that’s why Ripple is hiring there. 80% of our hiring this year will be outside the United States.”
Wallet Developments
Telegram, the popular chat app boasting 800 million monthly active users, has joined forces with the TON Foundation to announce a new self-custodial crypto wallet called TON Space. Developed by The Open Platform (TOP), TON Space will be accessible to Telegram’s global user base starting in November, eliminating the need for wallet registration. Please note that this feature will not be available in certain jurisdictions, including the USA.
The web platform Opera has unveiled an exciting addition: a non-custodial stablecoin wallet integrated into its mobile web browser. This wallet, known as MiniPay, is built on the Celo blockchain and is designed to onboard millions of mobile users across Africa to Web3. Initially launching in Nigeria, MiniPay, integrated with Opera Mini, promises dollar savings, fast transactions, and low fees.
Investment Insights
Investment giant WisdomTree has released its monthly metrics for August 2023, providing valuable insights into the financial landscape. In August, WisdomTree reported over $1.3 billion in net inflows, driven by strong flows into fixed income and equity strategies. This was partially offset by weaknesses in commodity and currency flows. Year-to-date, WisdomTree’s net inflows have surpassed the $10 billion mark, demonstrating a remarkable 19% annualized pace of organic growth compared to other publicly traded asset managers. Additionally, WisdomTree’s equity strategies, both US and non-US, have generated a combined 15.5% year-to-date annualized organic growth, including an impressive 29% annualized organic growth in non-US equity strategies.
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