March 19, 2024

Toyota is exploring blockchain. Pfizer invests in Web3. Decentralized Twitter launch

A portion of the latest news from the crypto-safari:

British stablecoin integrated into 18,000 ATMs

Partnership between Poundtoken and BitcoinPointallowed the country to launch the first stablecoin backed by the British pound, the GBPT. The stablecoin is available to retail consumers through a network of 18,000 ATMs across the UK.

Decentralized Alternative to Twitter

The Damus app has been added to the Apple App Store.The development is being led by Nostr, which uses decentralized relays to distribute end-to-end encrypted messages and has the influential backing of Jack Dorsey.

Dorsey shared the news with his 6.5 million followers and called it a "milestone" for open source protocols.

Nostr developers are also focusing on using BTC and the Lightning network to prevent distributed denial of service spam attacks on the Damus app.

Toyota to Explore Blockchain Use Cases

On February 1, the smart contract and decentralized application network Astar (the parachain of the Polkadot network) announced its first Web3 hackathon with the support of Toyota Motor Corporation.

The automotive giant is exploring DAO tools and blockchain integration to improve company performance.

The Astar Foundation pledges $100,000 to finance winning projects selected by Toyota.

Pfizer makes first investment in Web3

Pharmaceutical giant Pfizer has made its first investment in Web3 by participating in a $4.1 million funding round for a decentralized science startup called VitaDAO.

VitaDAO is part of an emerging movementknown as decentralized science (DeSci). Instead of the current scientific ecosystem that relies on centralized research and funding bodies, DeSci aims to raise research funding through crowdfunding and decentralize ownership.

Record trading volume dYdX

According to a report by the dYdX Foundation, the largest exchangeCrypto derivatives trading recorded a cumulative transaction volume of $466.3 billion and generated fee income of $137.8 million in 2022.

The price of the token has risen DYDX has increased by 160% in the last month.

Rising and Falling Leaders

Over the past day, the cost of the first cryptocurrency has not changed much. In the TOP-100 the situation is as follows:

  • excellent growth is shown by: DYDX (25%), FTM (9%), LRC (8.5%);

  • average growth: MINA (6%), FLOW (5%), ENJ (5%), BIT (4%);

  • cooling down: NEAR (-2.5%), HBAR (-2%), LINK and SAND fell by about 1.5%.

  • Index of fear and greed of the crypto market

    (0 is extreme fear and 100 is extreme greed)

  • current value 56, yesterday 51, a month ago 27

  • domination

    BTC 42.5%, ETH 18.4%

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