Author: CryptoCurrencyNews

• DIN Launches as an AVS at Devcon Bangkok 2024
• 50+ partners offering connectivity to 12+ networks are already handling 100 million requests daily
• New din.build website and DIN whitepaper now available

FORT WORTH, Texas, Nov. 14, 2024 /PRNewswire/ — A year after announcing its initial list of providers building the public infrastructure for an improved internet, Consensys and Infura’s Decentralized Infrastructure Network (DIN) is now handling requests across a dozen blockchain networks. Today at the 2024 Devcon conference in Bangkok, DIN unveiled its plan to also launch as an EigenLayer AVS, marking a new chapter for connectivity and broader access to web3 across multiple blockchain networks.

DIN is a decentralized web3 API marketplace making web3 more accessible, reliable and efficient while providing a powerful new way for developers to connect to Ethereum and other top-tier blockchains. In 2024, new networks that have been decentralized by DIN include Blast L2, Mantle, Starknet, ZKsync, BNB Smart Chain (BSC), opBNB, and Scroll, providing developers new opportunities to build and scale their applications with significant infrastructure support.

Launching DIN as an AVS through EigenLayer will allow web3 builders and operators to tap into the security guarantee of staked ETH and the intersubjective nature of EIGEN to run a wide array of services. By harnessing the power of restaking and supporting infrastructure, DIN can further expand its decentralized infrastructure offerings to foster a more robust and resilient Ethereum ecosystem.

Less than a year after launching in its initial federated phase, over 40 of the 50 providers in DIN have been tested and over a quarter are serving traffic. This progress reflects the pioneering network’s progressive shift towards decentralization and its expansion into a permissionless marketplace and service discovery layer for web3, simplifying the launch of new services across additional web3 gateways.

“This is an important step in DIN building on-chain,” said Tom Hay, head of product for Infura DIN. “By leaning on Ethereum‘s economic security through EigenLayer, we continue to build on DIN’s steady progress creating a web3 permissionless marketplace for infrastructure services.”

DIN’s progress is a significant milestone in Consensys and Infura’s ongoing efforts to foster decentralized internet infrastructure. 

“Consensys has been a pioneer in building crypto user experiences, dev tooling and infrastructure, and has played an instrumental role in growing Ethereum,” says Sreeram Kannan, founder of EigenLayer. “We are delighted that Consensys and Infura are joining the EigenLayer ecosystem to enable Decentralized Infrastructure Network (DIN), the leading web3 rpc marketplace, to leverage Ethereum‘s economic security using EigenLayer. Building DIN as an EigenLayer AVS enables permissionless infrastructure provision, thus scaling the marketplace while simultaneously increasing reliability and reducing costs – another step forward in our mission of driving open innovation”

Why DIN Matters

The cooperative and competitive dynamics among DIN Providers drive down development costs and improve access to decentralized Web3 gateways. Taking a decentralized approach offers developers greater connectivity to emerging blockchain networks at a lower cost with increased reliability. DIN allows web3 gateway providers to simultaneously compete and cooperate, which means ultimately everyone wins, including users.
DIN providers collaborate on key components like router, node infrastructure kits, and payments, scaling decentralized RPC solutions for builders. Simultaneously, DIN provides a vital new solution for emerging blockchain networks looking to scale. 

To learn more or plug in to DIN right away, read the new DIN whitepaper at din.build. 

About Consensys 

Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Diligence, and our NFT toolkit Phosphor, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/.

Logo – https://www.007stockchat.com/wp-content/uploads/2024/11/Consensys_Logo.jpg

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SOURCE Consensys

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SHENZHEN, China, Nov. 13, 2024 /PRNewswire/ — Blockchain technology company BTC Digital Ltd. ( “BTC Digital” or “the Company”) (NASDAQ: BTCT) today announced that the company has signed a Bitcoin miner equipment hosting agreement with Recte Technologies Company Limited, a digital asset management advisory company in Asia, and ASIA INVESTMENT FUND SP2, a cryptocurrency mining fund in Asia, with plans to provide hosting services for their 1,100 Bitcoin mining machines (the “Hosting Agreements”).  

BTC Digital entered into the Hosting Agreements with the two significant clients on November 13, 2024 to manage 1,100 Bitcoin mining machines, including ANTMINER T21 and ANTMINER L7 models. BTC Digital will oversee the deployment of these devices in the United States, providing hosting, management, and other services.  

The Hosting Agreements mark further growth and influence for BTC Digital in the cryptocurrency mining industry. The Company believes that its expertise in equipment hosting, management, and operations, combined with its deep understanding of the cryptocurrency market, led the two clients to choose BTC Digital’s services. Both clients also indicated plans for large-scale purchases of Bitcoin mining machines in the future, intending to entrust BTC Digital with further hosting and management, which may lead to a long-term stable partnership.

“We are thrilled to sign hosting agreements with these two important clients and provide hosting, management, and technical services for their 1,100 Bitcoin miners in the United States. Our goal is to offer efficient and reliable hosting, management, and technical services, and we hope the hosting agreements will provide an opportunity to accelerate our development in the cryptocurrency mining sector,” said the Company’s Chief Executive Officer, Alan Peng.

About BTC Digital Ltd.

BTC Digital Ltd. is a blockchain technology company, with a long-term strategy to create value across the metaverse, blockchain and cryptocurrency mining industry. The Company is committed to developing blockchain related businesses in North America, including cryptocurrency mining, mining farm construction, mining pool and data center operation, and miner accessories business.

For more information, please visit: https://btct.investorroom.com/ 

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995.  These forward-looking statements can be identified by terminology such as “may”, “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and similar statements.  Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements.  Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

View original content:https://www.prnewswire.com/news-releases/btc-digital-ltd-announces-signing-of-bitcoin-miner-equipment-hosting-agreement-302304193.html

SOURCE BTC Digital Ltd.

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Popular cryptocurrency tax software provider has expanded its offerings to support tax reporting for UK crypto investors.

AUSTIN, Nov. 12, 2024 /PRNewswire/ — CoinLedger, a leading tax reporting platform for cryptocurrency users, today announced its official expansion into the United Kingdom. Investors and cryptocurrency users in the UK can now use the platform to automate all of their capital gains, losses, and income tax reporting in accordance with UK tax laws.

“We’re extremely excited to be expanding our full suite of tax reporting tools and offerings to help UK cryptocurrency investors stay compliant with local laws,” said David Kemmeer, Co-Founder and CEO of CoinLedger. “We’ve seen incredible demand not just here in the U.S., but from crypto consumers all over the world who need help with tax reporting. With this rollout, crypto tax compliance for the average UK resident will be as simple as a few button clicks.”

The interoperable nature of cryptocurrencies and digital assets, with transfers across different blockchains, wallets, and exchanges, can create tax reporting nightmares for individuals. CoinLedger solves this problem by integrating directly with hundreds of cryptocurrency platforms to allow any user to track their digital-asset transaction history across the entire crypto-economy.

By syncing their wallets to CoinLedger, UK users can now automatically import and account for their historical transactions across all of their crypto platforms. From here, they can generate the relevant local tax forms with the click of a button.

HMRC, along with government agencies around the world, is quickly ramping up enforcement efforts with regards to the tax compliance for digital assets. Efforts include increased tax audits, compliance requirements for exchanges, and new intelligence units. These initiatives are expected to increase in years ahead as the digital asset industry continues to grow.

About CoinLedger

CoinLedger enables seamless portfolio tracking and tax reporting for participants of the digital asset economy. Founded in 2018, CoinLedger was built to reduce the friction of participating in the cryptocurrency ecosystem by making tax reporting as simple as possible. By directly integrating with major exchanges, wallets, blockchains, and NFT platforms, CoinLedger provides a unified dashboard for users to track and monitor their cryptocurrency activity. Whether you’re trading cryptocurrencies, buying and selling NFTs, or staking on DeFi protocols, CoinLedger makes tracking your portfolio and reporting your taxes more straightforward than ever. For more information on UK cryptocurrency taxes, visit https://coinledger.io/guides/crypto-tax-uk.

View original content to download multimedia:https://www.prnewswire.com/news-releases/leading-crypto-tax-software-provider-coinledger-announces-strategic-expansion-into-united-kingdom-302302736.html

SOURCE CoinLedger

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NEW YORK and LONDON and SINGAPORE, Nov. 11, 2024 /PRNewswire/ — Taiko, Ethereum‘s first based rollup network, has just enabled multiple Zero-Knowledge (ZK) proofs powered by Succinct and RISC Zero. This enhanced multi-proof architecture, that currently includes SGX proofs, will help secure the network’s 5 million daily transactions.

As ZK-tech is still early in its development, Taiko’s multi-proof approach aims to address any possible bugs or concerns brought by a single proving system. The implementation of multiple provers allows for more oversight and strengthened security.

“We still appreciate SGX proofs but we have to acknowledge that they have the potential to be buggy. Now with ZK proofs, we can override this concern with them acting as another level of security. We’re aiming to add more ZK proofs when they become available, or even combine different types of ZK proofs into a single proof. Until ZK systems are fully mature and audited, the multi-proof setup is very important for us,” said Yue, Taiko’s proving-system engineer.

Taiko will now require 3% of all blocks proposed by its fallback proposer Taiko Beats to have either Succinct or RISC Zero proofs. This limited requirement is implemented to allow community proposers time to prepare. Taiko’s goal is to extend ZK proof requirements to all proposers in the near future.

In 2025, the percentage of blocks proven by ZK will ramp to 100%, positioning Taiko as a fully ZK-based rollup.

“Taiko is on the right path to scaling Ethereum the right way,” said Daniel Wang, Taiko cofounder.

Multi-proof designs are key in ensuring security for based rollups, especially when their contracts on Ethereum are immutable and cannot be swiftly upgraded or reconfigured by a controlling party.

With ZK proofs adding assurance without reliance on trusted parties, this multiple prover approach aligns with Ethereum‘s evolving vision for a trustless, secure ecosystem. This was even recently highlighted as the future of ZK technology by Vitalik Buterin, Ethereum‘s founder.

View original content to download multimedia:https://www.prnewswire.com/news-releases/taiko-enables-multiple-zk-proofs-on-mainnet-for-enhanced-security-302301147.html

SOURCE Taiko Labs

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Key development reinforces QCP Trading’s commitment to regulatory excellence in Singapore.

SINGAPORE, Nov. 11, 2024 /CNW/ — QCP Trading Pte. Ltd. (“QCP Trading”), has received an In-Principle Approval (“IPA”) for a Major Payment Institution (“MPI”) License from the Monetary Authority of Singapore (“MAS”). The IPA represents an essential step toward full licensing, allowing QCP Trading to prepare to offer regulated spot trading services for digital payment tokens.

The IPA reinforces QCP Trading’s dedication to Singapore’s high regulatory standards, marking a key step towards the eventual goal of providing compliant, innovative, and efficient solutions for clients. QCP Trading aims to provide spot trading for a wide range of stablecoins and major digital tokens supported by its comprehensive on/off ramping services in multiple currencies. Leveraging 24/7 support, seamless API integration, dedicated voice trading capabilities and same-day settlement through its local banking partners, QCP Trading aspires to build a leading spot franchise and position itself as one of the most price-competitive players in the digital asset space.

“As we pursue the full MPI license, we remain focused on supporting Singapore’s growing reputation as a leader in digital asset regulation,” said Darius Sit, Founder of QCP Trading. “We take pride in our ability to remain agile and responsive to both global and local market conditions, which is the key to success in this rapidly evolving sector. This latest milestone for QCP Trading reinforces our belief in the importance of a strong regulatory foundation for sustainable growth and positioning ourselves to be a trusted partner of choice in the digital asset space.”

“QCP Trading aims to champion robust governance frameworks and our early recognition of the critical role of regulation has proven to be a strategic foresight,” Melvin Deng, Chief Executive Officer of QCP Trading added. “We reaffirm our dedication to fostering strong partnerships in Singapore and look forward to working closely with the MAS to achieve the MPI license.”

With Singapore at the core of its strategy, QCP Trading aims to grow the local team, prioritizing the recruitment of exceptional talent to facilitate its ongoing growth and ensure adherence to local regulations. QCP Trading is dedicated to delivering institutional-grade solutions in digital assets spot trading, positioning itself as a trusted partner in Asia and beyond.

About QCP Trading

QCP Trading is the dedicated OTC spot trading arm of QCP Group, providing institutional clients with secure, compliant, and efficient spot trading solutions. QCP Trading offers a wide array of services such as on/off ramping, seamless API integration, and personalized voice trading channels, ensuring a smooth and tailored trading experience with quick settlement times.

QCP Trading has received the IPA from MAS for an MPI License to provide digital payment token services for OTC spot trading in Singapore.

More information can be found at www.qcpgroup.com.

Media Contact

Elisha Thiara – elisha.thiara@qcp.capital 

View original content:https://www.prnewswire.com/news-releases/qcp-trading-receives-in-principle-approval-for-major-payment-institution-license-in-singapore-302300849.html

SOURCE QCP

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