Altcoin News by Thebittimes.Com

Solana has partnered with Filecoin to boost its blockchain’s reliability and scalability. Bitcoin Dogs has raised over $1.7 million as the crypto community flock to the world’s first ICO on Bitcoin. Solana is looking to bolster its block chain network with a key partnership with decentralized storage platform Filecoin. Meanwhile, Bitcoin Dogs is storming through its presale as the crypto community takes note of its potential. Solana and Filecoin partner In one of the groundbreaking developments this week, Filecoin, the decentralized data storage marketplace and crypto platform, announced it had integrated with Solana, the block chain network home to a bustling token ecosystem. Filecoin said in a statement that the collaboration will see Solana tap into Filecoin’s infrastructure to bolster the reliability and scalability of its network. The partnership comes a few days after Solana suffered an outage and is a major move that signals the bloc...

dYdX completes the launch of its layer 1 proof-of-stake blockchain with the creation of its genesis block by chain validators. Decentralized cryptocurrency exchange dYdX has launched its layer 1 blockchain with the creation of its genesis block which will operate using native DYDX tokens. The dYdX Chain is set to distribute all fees to validators and stakers in USD Coin (USDC). This includes trading fees denominated in USDC as well as gas fees for DYDX-denominated transactions or USDC-denominated transactions. The proof-of-stake (PoS) blockchain network was built using Cosmos’ software development kit and makes use of CometBFT as its consensus protocol. Validators stake DYDX in order to secure the blockchain and carry out governance operations of the network. The launch of the dYdX Chain network itself spanned a massive number of companies: @dydx_ops_subdao coordinating genesis & launch generally + hosting indexer & frontend @dydxfoundation coordinating community governan...

Chase U.K. will block all crypto payments over fraud and scam allegations. Chase U.K., a U.K. entity of the global bank, warned its customers that starting Oct. 16, it will block all crypto-related payments in an email to the customers. The email specified that customers are still free to interact with their cryptocurrency service providers through a different bank of their choosing. “If we think you’re making a payment related to crypto assets, we’ll decline it,” the email reads. The email further explained that Chase came to the decision to ban crypto payment s since “ fraud sters are increasingly using crypto assets to steal large sums of money from people,” according to CoinDesk. This statement follows a report released by the bank in late June claiming that “ crypto currency scams are on the rise.” You might also like: UK parliament to pass crypto bill against financial crimes This development follows the UK’s ...