BitcoinInsider

The Waves Association announced on Wednesday a new grant program for cross-chain interoperability development. The pool consists of 1 million Waves tokens, worth approximately $3 million as of press time. Projects will be eligible for grants of up to 300,000 Waves to develop solutions for interoperability and cross-chain communication. There will be three separate types of grants: open grants, grants distributed through hackathons and Waves-focused grants. Sten Laureyssens, strategic advisor at the Waves Association, explained to Cointelegraph that open grants will have a wide scope: "For the open grant category, the grants are open to a wide variety of interoperability projects, that don't necessarily have to be connected to Waves. We're looking for creative solutions to connect existing blockchains and dApps." The latter two types of grants will have to adhere to certain requirements, which makes it likely that the Waves blockchain will be involved in some form. Nev...

Twetch, the social media app built on Bitcoin, exceeded 1 million transactions on October 27. This is a remarkable and significant milestone for the company, its users, and the Bitcoin ecosystem. The 1 million transaction milestone makes Twetch one of the few Bitcoin companies to put 1 million transactions on-chain. From the day Twetch launched to the 1 millionth tx, how long did it take to reach this milestone? From the day that we started, it took about 18 months to get our 1 millionth transaction. Is Twetch the first Bitcoin app to put 1 million transactions on-chain? Twetch is the first and most active application to have 1 million transactions on-chain; Ethereum cannot even dream of such a thing. Why should someone who has never used Twetch before give it a try and check it out? Twetch represents the future of the internet. It is ad-free, you can profit off of it, you own your own data, and the user is in total control. In a world where these big internet giants are the ones that ...

Joint work will be focused on developing a broader DeFi ecosystem using the Gravity cross-chain communication protocol. We are excited to announce a collaboration between Waves and Fantom. Waves and Fantom are committed to building an open ecosystem between different chains, based on the Gravity protocol, which is essential to the DeFi industry's wider success. Under the collaboration deal, WAVES, the native utility token of the Waves ecosystem, will join Fantom's DeFi ecosystem as collateral for minting synthetic assets, including fUSD, Fantom's stablecoin pegged to the US dollar. WAVES holders will be able to use fMint to access fUSD and other synthetic assets, which can be used with other Fantom DeFi products. Specifically, fLend allows users to lend and borrow assets, while fTrade allows users to trade them. For instance, If you want to go long BTC (without losing exposure to your WAVES collateral), mint fUSD against your WAVES in fMint and use the fUSD to buy fBTC (syn...

The U.S. Department of Justice has indicted the operator of a BTC escrow on charges of defrauding two of his clients out of $7 million. Federal authorities said John Barry Thompson is charged with two counts of wire fraud and commodities fraud which collectively carry a maximum prison sentence of 60 years. In its press release, the DoJ revealed that a grand jury in the Southern District of New York had returned an indictment charging Thompson with fraud. Thompson was the principal of Volantis Escrow Platform LLC and the related Volantis Market Making LLC. In a separate action, the U.S. Commodity Futures Trading Commission (CFTC) also filed civil charges against Thompson. The charges are related to allegations that Thompson defrauded $7 million from two clients in 2018. According to the DoJ, the 48-year-old man made false statements to an unnamed company in 2018, convincing the company to send him $3 million to buy BTC. He assured the company that the transaction was guaranteed as ...