DEGEN, WLD Coin and these 4 Altcoins have important news!

World currency (WLD Coin) announced the open source of a new Secure Multiparty Computing (SMPC) system. The IOTA Foundation has announced that the IOTA 2.0 public test network is officially live. pSTAKE Finance, Backed by Binance, Launches Liquid Bitcoin Staking Solution. And more…

Important news from WLD Coin and 5 altcoins!

Worldcoin (WLD Coin) launches an asset-secure multilateral computing system

THE World currency Foundation (WLD Coin) announced the open source of a new Secure Multiparty Computing (SMPC) system. The system aims to set a new standard for data protection, especially the protection of biometric data. It will now be open source in the Github repository. Therefore, any organization will be able to use it. Worldcoin (WLD Coin) also announced that after migrating the iris code to the new SMPC system, the previous uniqueness checking system (including the iris code) has been safely eliminated.

World currency and engineers from TACEO and Tools for Humanity have successfully designed a new implementation of SMPC. Thus solving the scale and cost limitations that had previously hindered others. The new SMPC system will encrypt the iris code in a secret share held by multiple parties. This allows Worldcoin (WLD Coin) to permanently erase the iris code generated by the previous uniqueness checking system.

IOTA 2.0 is now live on test-net

THE IOTA The Foundation announced that the IOTA 2.0 public test network is officially live. This update replaces the old coordinator-driven system with a decentralized PoS consensus mechanism, while eliminating traditional PoW. Therefore, it significantly improves network scalability and reduces environmental impact.

Anchorage Digital launches DYDX staking service

Cryptocurrency Custody platform Anchorage Digital has announced support for staking native DYDX tokens. Institutional users can now securely store their DYDX tokens via Anchorage Digital. They will also be able to receive staking rewards distributed by the dYdX protocol in USDC.

Anchorage Digital provides cryptocurrency custody, staking and other services to top clients in traditional finance and DeFiand is the only federally licensed digital asset bank in the United States. The platform has supported the ethDYDX custody service since the launch of the dYdX mainnet in August 2021. It also launched native DYDX custody services with the launch of dYdX Chain in the fourth quarter of last year. The launch of staking support marks an important step for the platform in encouraging secure institutional participation in the dYdX ecosystem.

pSTAKE Finance launches liquid Bitcoin staking solution

Binance Labs-backed liquid staking protocol pStAKE Finance has introduced its liquid staking solution for Bitcoin, the latest development for Bitcoin-specific decentralized finance (DeFi). pSTAKE Finance’s solution on Babylon’s Bitcoin staking protocol aims to simplify the Bitcoin staking process. It also aims to provide additional yield generating opportunities for Bitcoin holders.

Circle plans to move into the US ahead of a possible IPO

USDC stablecoin issuer Circle is planning to move its legal base from Ireland to the United States. A Circle spokesperson confirmed that Circle’s parent company recently filed the necessary paperwork with the High Court of the Republic of Ireland to rename the company. However, the reason for this move remains unclear. Bloomberg first reported the news on Wednesday. A potential initial public offering for Circle could be among the reasons that make the move otherwise unattractive, especially considering the United States’ higher tax burden compared to Ireland’s relatively low tax rates.

Degen Chain return live after a two-day break

Degen Chain, an Ethereum layer 3 blockchain dedicated to meme coins, has suffered a two-day outage. After this long period, the blockchain is back online. As you followed Cryptokoin.comthe blockchain has been unavailable since it was effectively shut down at 11.15pm on May 12th. For more than 50 hours it was unable to validate transactions or generate new blocks.

The protocol is based on Conduit, a rollup infrastructure platform for the technical framework and operational support, in particular for transaction management and data availability. Rollups process transactions off-chain, then package them and send them to Ethereum. This increases speed and reduces costs. Degen The chain works as a layer 3 blockchain using Conduit. It can also handle high transaction volumes.

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