Latest Updates on DEGEN, WLD Coin and 4 Other Altcoins: Key Developments in the Cryptocurrency Market

  • Worldcoin (WLD Coin) has announced the open-source of a new Secure Multi-Party Computation (SMPC) system.
  • The IOTA Foundation has revealed that the IOTA 2.0 public test-net is officially live.
  • pSTAKE Finance, backed by Binance, has launched a Bitcoin liquid staking solution.

Explore the latest developments in the crypto world, including Worldcoin’s new SMPC system, the launch of IOTA 2.0’s public test-net, and pSTAKE Finance’s Bitcoin liquid staking solution.

Worldcoin Unveils Secure Multi-Party Computation System

The Worldcoin Foundation (WLD Coin) has announced the open-source of a new Secure Multi-Party Computation (SMPC) system. The system aims to set a new standard for data protection, particularly for the safeguarding of biometric data. Now open-source on GitHub, the system is available for use by any organization. Worldcoin (WLD Coin) also announced that the previous uniqueness check system (including iris code) was securely deleted after transitioning the iris code to the new SMPC system.

IOTA 2.0 Now Live on Public Test-net

The IOTA Foundation has announced that the IOTA 2.0 public test-net is officially live. This upgrade replaces the old coordinator-guided system with a decentralized PoS consensus mechanism, eliminating traditional PoW and significantly enhancing the scalability of the network while reducing environmental impact.

Anchorage Digital Launches DYDX Staking Service

Crypto custody platform Anchorage Digital has announced support for staking of the DYDX native token. Corporate users can now securely store their DYDX tokens through Anchorage Digital and will have the opportunity to receive staking rewards distributed by the dYdX protocol in the form of USDC.

pSTAKE Finance Introduces Bitcoin Liquid Staking Solution

Liquid staking protocol pSTAKE Finance, backed by Binance Labs, has introduced a liquid staking solution for Bitcoin, marking the latest development in decentralized finance (DeFi) for Bitcoin. The solution, built on Babylon’s Bitcoin staking protocol, aims to simplify the Bitcoin staking process and create additional yield opportunities for Bitcoin holders.

Circle Plans to Relocate to the US Ahead of Potential IPO

USDC stablecoin issuer Circle plans to move its legal base from Ireland to the United States. A Circle spokesperson confirmed that the parent company of Circle recently submitted the necessary documents to the High Court of the Republic of Ireland to rename the company. The reason for this move remains unclear.

Degen Chain Back Online After Two-Day Interruption

Degen Chain, an Ethereum layer-3 Blockchain dedicated to meme coins, is back online after a two-day outage. The Blockchain, which was unable to validate transactions or produce new blocks for over 50 hours, relies on Conduit, a rollup infrastructure platform, for technical framework and operational support for managing transactions and data availability.

Conclusion

This week’s crypto news highlights the continuous innovation in the sector, with new systems, services, and solutions being launched to enhance data protection, network scalability, and investment opportunities. As the crypto world continues to evolve, investors and enthusiasts alike should keep an eye on these developments.

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Alican is a young and dynamic individual at the age of 23, with a deep interest in space exploration, Elon Musk, and following in the footsteps of Atatürk. Alican is an expert in cryptocurrency, price action, and technical analysis. He has a passion for sharing his knowledge and experience through writing and aims to make a positive impact in the world of finance.
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