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According to a statement released on Thursday, the payments processor Stripe has launched an initiative to make Fiat-to-Crypto transactions easier for businesses in several nations. Introducing a customizable and embeddable fiat-to-crypto onramp: https://t.co/YNUdv6R9PE. pic.twitter.com/raZ50juvxi &mdash; Stripe (@stripe) December 1, 2022 Fiat-to-Crypto Payment Services by Stripe Customers will be able to immediately buy cryptocurrencies in Web3 applications with the help of the product. It is a widget that can be customized and easily integrated into a decentralized exchange (DEX), non-fungible token (NFT) platform, wallet, or decentralized app (dapp). Solana is the foundation for 11 of the company&#8217;s original 16 initiatives. According

According to a <a href="https://stripe.com/zh-cn-us/blog/crypto-onramp" target="_blank" rel="nofollow noopener">statement</a> released on Thursday, the payments processor Stripe has launched an initiative to make Fiat-to-Crypto transactions easier for businesses in several nations.https://twitter.com/stripe/status/1598361957836279809<h2>Fiat-to-Crypto Payment Services by Stripe</h2>Customers will be able to immediately buy cryptocurrencies in Web3 applications with the help of the product. It is a widget that can be customized and easily integrated into a <a href="https://www.cryptoknowmics.com/news/telegram-ceo-durov-plans-to-build-crypto-wallets-and-dex">decentralized exchange (DEX)</a>, <a href="https://www.cryptoknowmics.com/news/nft-investor-animoca-brands-to-launch-2-billion-metaverse-fund">non-fungible token (NFT)</a> platform, wallet, or <a href="https://www.cryptoknowmics.com/news/metamask-releases-beta-portfolio-dapp-for-integrative-web3-experience">decentralized app (dapp)</a>. Solana is the foundation for 11 of the company's original 16 initiatives. According to Stripe, it provides flexible on-ramping services and manages <a href="https://www.cryptoknowmics.com/news/oasis-labs-partners-with-equifax-to-enable-kyc-for-web3-economy">know-your-customer (KYC)</a> payments, fraudulent, and compliance challenges.According to a blog post by the business, it designed the Fiat-to-Crypto onramp to eliminate complications.<h2>Easy Transfer of USDC Payments</h2>Since last year, Stripe has increased the number of cryptocurrency firms with whom it has alliances. As a result, 67 more nations now enable cryptocurrency payouts, making it possible for corporations to transfer <a href="https://www.cryptoknowmics.com/news/binance-okx-and-bybit-halt-usdt-and-usdc-deposits-on-solana">USDC</a> payments to individuals and organizations worldwide.The decentralized music discovery network Audius announced that it accepted Stripe's payment solution. So, that users can use their credit cards to purchase their native AUDIO coin and tip their favorite musicians. Audius is one of the first companies to use Stripe's new on-ramp. In July, the company made a first move toward permitting users to donate to musicians using virtual currencies by allowing them to do so using AUDIO they had won on the system.

Stripe Launches Fiat-to-Crypto Payment Service for Web3 Businesses

Sui Network, a layer-1 blockchain established by ex-Meta (now Facebook) employees, has announced the opening of its testnet &#8220;Wave 1&#8221;, a location where the sustainability of the system can be thoroughly examined. “Wave 1” For Validators and Full Nodes According to a Twitter post from Sui Network, the testnet &#8220;Wave 1&#8221; would be used for verifiers and complete nodes to enhance decentralized coordination + incident reaction and designate a core set of functions expertise in installing, monitoring, and debugging. 🎉🥳Hello Validators! A milestone for the #Sui history books: Sui Testnet Wave 1 is live!🌊 This is a huge step towards

<a href="https://www.cryptoknowmics.com/news/sui-network-utilizes-mist-units-to-boost-payment-effectiveness">Sui Network</a>, a layer-1 blockchain established by ex-Meta (now Facebook) employees, has <a href="https://twitter.com/SuiNetwork/status/1593334723551428608" target="_blank" rel="nofollow noopener">announced</a> the opening of its testnet "Wave 1", a location where the sustainability of the system can be thoroughly examined.<h2>“Wave 1” For Validators and Full Nodes</h2>According to a Twitter post from Sui Network, the testnet "Wave 1" would be used for verifiers and complete nodes to enhance <a href="https://www.cryptoknowmics.com/news/all-you-need-to-know-about-decentralized-start-up-musixverse">decentralized</a> coordination + incident reaction and designate a core set of functions expertise in installing, monitoring, and debugging.https://twitter.com/SuiNetwork/status/1593334723551428608In recent months, Sui has acquired a lot of traction and is considered a rival to the <a href="https://www.cryptoknowmics.com/news/ankr-becomes-one-of-the-first-rpc-providers-to-the-aptos-blockchain">Aptos blockchain</a>, developed by ex-<a href="https://www.cryptoknowmics.com/news/meta-lays-off-13-of-its-workforce-and-about-11000-jobs">Meta</a> personnel. The programming language Move is utilized by both Aptos and Sui.<h2>Mysten Labs Fundraising Round</h2>The Sui Blockchain's creator, <a href="https://www.cryptoknowmics.com/news/mysten-labs-closes-a-300-million-raise-led-by-ftx-ventures">Mysten Labs</a>, earned $300 million in a fundraising round headed by the now-defunct FTX Ventures in September. During the fundraising round, Mysten Labs was also valued at $2 billion. The Sui blockchain's creators introduced Mist units in October in an effort to enhance the network's transaction infrastructure.Developers can continue to utilize Sui's developer network (devnet) to test and create <a href="https://www.cryptoknowmics.com/news/binance-owned-trust-wallet-adds-support-for-solana-dapps">decentralized applications (dapps).</a>

Sui Network From Ex-Meta Employees Launches Its Testnet "Wave 1"

AltLayer, an Ethereum-based layer 2 scalability blockchain, has announced that Amrit Kumar has been hired as its COO. 📢LEADERSHIP UPDATE: We are honoured and delighted to welcome blockchain veteran Amrit Kumar to the Altlayer family. As COO, he will drive forward our vision &amp; our global operations strategy as we build rollups-as-a-service for #Web3. Let&#39;s go @maqstik! https://t.co/XW1APItrzB pic.twitter.com/BwlOpp8eV5 &mdash; AltLayer (@alt_layer) November 15, 2022 Amrit Kumar &#8211; the New AltLayer COO According to a statement from the Singapore-based business, Kumar, 34, would be in charge of carrying out the organization&#8217;s worldwide operating model and advancing its goal of creating

AltLayer, an <a href="https://www.cryptoknowmics.com/news/eth-technical-analysis-ethereum-prepares-to-climb-back-above-1400">Ethereum</a>-based layer 2 scalability blockchain, has <a href="https://twitter.com/alt_layer/status/1592457047588884480" target="_blank" rel="nofollow noopener">announced</a> that Amrit Kumar has been hired as its COO.https://twitter.com/alt_layer/status/1592457047588884480<h2>Amrit Kumar - the New AltLayer COO</h2>According to a statement from the Singapore-based business, Kumar, 34, would be in charge of carrying out the organization's worldwide operating model and advancing its goal of creating personalized services for <a href="https://www.cryptoknowmics.com/news/nike-launches-new-swoosh-platform-as-it-enters-web3">Web3</a> apps and innovators.Kumar co-founded Zilliqa Research, where he served as president and chief science officer before founding AltLayer. <a href="https://www.cryptoknowmics.com/news/arbitrum-launches-its-layer-2-chain-arbitrum-nova">Layer 2</a> describes a collection of off-chain systems or unique <a href="https://www.cryptoknowmics.com/news/middle-east-asia-and-africa-blockchain-association-established-in-abu-dhabi">blockchains</a> constructed on top of layer 1s. The foundational network of a blockchain is known as a layer 1 network.<h2>Development of Web3 Apps and Dapps</h2>About 25 individuals work for AltLayer, which develops compensation blockchains for Web3 applications and <a href="https://www.cryptoknowmics.com/news/binance-owned-trust-wallet-adds-support-for-solana-dapps">decentralized applications (dapps)</a>. A dapp is a digital application that leverages blockchain technology to protect users' data from the companies who created it. The next version of the internet, known as Web3, encourages decentralized protocols and seeks to lessen reliance on major tech firms.

Blockchain Company AltLayer Recruited Amrit Kumar as COO

Binance, the world&#8217;s largest cryptocurrency exchange by market cap, has announced the debut of Binance Oracle, a new data feed platform that enables blockchain smart contracts to communicate with actual data, beginning with its own internal blockchain service, BNB Chain. #Binance is officially launching its oracle service! Binance Oracle will play an important role in the blockchain ecosystem, bringing external data on-chain. Find out more ⬇️ https://t.co/thuudvOREF &mdash; Binance (@binance) October 26, 2022 Binance Oracle Network To begin with, Binance Oracle will give BNB Chain users using decentralized apps (DApps) access to current data sources and sophisticated computations. Binance acknowledged

<a href="https://www.cryptoknowmics.com/news/ex-fbi-agent-to-head-binance-us-head-of-investigations-unit">Binance</a>, the world's largest cryptocurrency exchange by market cap, has <a href="https://www.bnbchain.org/en/blog/binance-launches-oracle-network-to-power-web3-and-bnb-chain-ecosystem/">announced</a> the debut of Binance Oracle, a new data feed platform that enables blockchain smart contracts to communicate with actual data, beginning with its own internal blockchain service, <a href="https://www.cryptoknowmics.com/news/bnb-chain-resumes-activity-after-2-million-token-exploit">BNB Chain.</a>https://twitter.com/binance/status/1585330514600378403<h2>Binance Oracle Network</h2>To begin with, Binance Oracle will give BNB Chain users using decentralized apps (DApps) access to current data sources and sophisticated computations. Binance acknowledged that more than ten BNB Chain projects have already collaborated with the Binance Oracle network.Other blockchains will eventually have access to the capability of connecting smart contracts with off-chain data. Gwendolyn Regina, investment director at BNB Chain, outlined the significance of the network by stating that it would be essential to use oracles to significantly expand the smart contract's understanding of what is happening outside of the blockchain and to enable it to react to external events with predetermined actions.<h2>Employing Five Components for Reliability</h2>Using five robust components, including internal TSS (Threshold Signature Scheme) to verify individual data feeds and aggregating prices from many CEXs, Binance Oracle can reach the maximum level of reliability. It facilitates a choice of straightforward interfaces to on-chain DApps, as well as 24-hour data monitoring and prompt reaction, and provides the most current index price to the on-chain oracle, enabling a configurable timespan or price variance.Binance further disclosed that the network employs an inbuilt Threshold Signature Scheme for every data feed and price accumulation using an algorithm, which, in its opinion, assures excellent dependability.<h2>Binance Permanently Destroyed $547M of BNB Tokens</h2>On October 13, Cryptoknomics reported that Binance permanently destroyed $547 million in <a href="https://www.cryptoknowmics.com/news/binance-permanently-destroyed-547-million-worth-of-bnb">Binance Coin (BNB),</a> but markets remained calm. According to a statement from Binance, 2,065,152 tokens worth approximately $600 million, were destroyed. Additionally, the exchange disclosed that 4,833.25 BNB tokens were destroyed as part of its Pioneer Burn Program, which assists users who mistakenly lose their digital assets.

Binance Launches Oracle Network to Run Web3 and BNB Chain Ecosystem

The Railway Wallet mobile app, developed by Decentralized Finance (DeFi) privacy protocol Railgun, enables users to conduct DeFi actions on the Ethereum blockchain in private. Secure Interaction of Users Users may interact discreetly with decentralized exchanges (DEX), decentralized apps (dApps), and liquidity providers due to Railway Wallet, which safeguards users&#8217; transaction histories and guarantees &#8220;untraceability&#8221; with applications like Etherscan. The mobile wallet is suitable for both Apple&#8217;s iOS and Android operating systems, making it the first zero-knowledge Ethereum Virtual Machine (EVM) server to run on mobile. According to Alan Scott, a co-founder of Railgun, as the DeFi industry grows, programmers must

The Railway Wallet mobile app, developed by Decentralized Finance (DeFi) privacy protocol Railgun, <a href="https://www.youtube.com/watch?v=tI8Bg19QY58" target="_blank" rel="nofollow noopener">enables</a> users to conduct DeFi actions on the Ethereum blockchain in private.<h2>Secure Interaction of Users</h2>Users may interact discreetly with decentralized exchanges (DEX), decentralized apps (<a href="https://www.cryptoknowmics.com/news/binance-owned-trust-wallet-adds-support-for-solana-dapps/" target="_blank" rel="noopener">dApps</a>), and liquidity providers due to Railway Wallet, which safeguards users' transaction histories and guarantees "untraceability" with applications like Etherscan. The mobile wallet is suitable for both Apple's iOS and Android operating systems, making it the first zero-knowledge Ethereum Virtual Machine (EVM) server to run on mobile.According to Alan Scott, a co-founder of Railgun, as the DeFi industry grows, programmers must develop privacy-focused programs. From a consumer protection perspective, Scott told the news sources,<blockquote>"If the future of finance is going to be DeFi, there has to be a privacy infrastructure in place."</blockquote><h2>Use of Privacy Protocol</h2>In addition to employing Railgun's open-source code, Railway Wallet will use security protocols readily accessible by the Ethereum blockchain's primary network as a Layer 1 application. Security companies like Trail of Bits, Hacken, and ABDK Consulting have inspected the code in the lead-up to the on-chain wallet's introduction, and the Zokyo Security Team has given it a 100 grade. In recent months, regulators have resisted various privacy protocols, claiming that these procedures could be used to hide undesirable money tracks.<h2>User's High Expectations For Privacy</h2>While some regulators are worried that privacy services may facilitate illegal activity, Scott contends that consumers should have high expectations for privacy in DeFi settings, just as they would in other spheres of their lives.Scott stated,<blockquote>"Whenever I go to a restaurant, I may tell them about my nut allergy, but I don't hand them the entirety of my medical records. And I think the same thing is quite applicable to finance."</blockquote>Railgun DAO and Digital Currency Group (DCG) agreed to a $10 million agreement in 2021 to develop a privacy protocol for the decentralized finance (<a href="https://www.cryptoknowmics.com/news/crypto-from-the-defi-protocol-cream-finance-hack-on-move/" target="_blank" rel="noopener">DeFi</a>) industry.

Dapps

Stripe Launches Fiat-to-Crypto Payment Service for Web3 Businesses

Sui Network From Ex-Meta Employees Launches Its Testnet "Wave 1"

Blockchain Company AltLayer Recruited Amrit Kumar as COO

Binance Launches Oracle Network to Run Web3 and BNB Chain Ecosystem

DeFi Privacy Protocol Railgun Introduced Railway Wallet Mobile App