Unstoppabledomains successfully launched our domains services on Ethereum, Polygon, and very recently Base. It’s time to take the next step.

In January, unstoppable domain expanding to one of the most popular #Solana_Blockchain ! With ($SOL ) Solana’s speed and scalability, your domain management experience is about to level up.

#unstopabledomain to be announcing the finalists on Monday, October 14th at 9am ET. From then until October 25th at 9am ET, the community will have the chance to #VoteAndWin their favorite websites.
Winners will be announced on October 28th.

880 #BTC☀ worth of (54 958 393.3 USD) transferred to unknown wallet.
Transaction Details:
https://btcscan.org/nojs/tx/556e540e082f30afd37d5727ee07085a7b21b1383d9a17623bc47f7b5f72bbec

Russian Finance Minister Anton Siluanov believes that the policies of the US and its Western allies are affecting the role of the U.S. dollar as a reserve currency. Siluanov stated that while the U.S. dollar will remain popular, the BRICS bloc will develop a solution using digital financial assets to replace it.

Russian Finance Minister Siluanov: Using Western Currencies Is ‘Risky’

The financial instability of the U.S. and its Western allies is affecting the stance of their currencies in international trade and their use as reserve currencies. Russian Finance Minister Anton Siluanov believes that the negative indicators of these economies are raising questions around the world about the dollar’s usage.

In a recent interview with #Russia Today Arabic, Siluanov highlighted the increase in their budget deficit and the explosion of their national debts has other nations worried about the future of the Western world’s economy.

Siluanov declared:
In the United States, for example, it is already about 120% of GDP. All of this is done without any restrictions, and we and our G20 colleagues are asking ourselves: what are the prospects for these countries?

The role of the U.S. dollar as a global reserve currency has faltered in the last twenty years. However, according to the International Monetary Fund (#IMF ), it still represents 58% of foreign reserves, followed by the euro with 20%.

Siluanov acknowledges this status won’t be lost quickly, and that the dollar will maintain its dominance as a trade currency in the coming years. Nonetheless, he stated that BRICS was preparing to trade away from the dollar using national currencies. “The share of the dollar in settlements inside BRICS is shrinking, with the share of settlements in national currencies being on the rise,” Siluanov stressed.

Last month, #BRICS ’s Deputy Chairman of the Chamber of Commerce and Industry Samip Shastri revealed that trade in national currencies had already surpassed dollar-based transactions and that countries were “happy” conducting exchanges using their #currencies . This resonates with Siluanov’s statements.

Siluanov assessed that digital assets and new technology might be used as part of the solution to avoid dollar dependence. State Duma’s Deputy Chairman Alexander Babakov recently mentioned that an upcoming BRICS unified #exchange might leverage a blockchain platform and a single currency to facilitate trade.

#Web3 is multi-chain.
Hundreds of blockchains coexist, each with different assets, apps, and users. That's why seamless, secure interoperability is key to achieving a thriving multi-chain ecosystem:

DEFINITION: The blockchain interoperability problem is the inability of blockchain networks to share data, transfer tokens (i.e., bridge), and perform transactions with one another.

The reality of Web3 is multi-chain, where hundreds to eventually thousands of different blockchains co-exist, each with different asset issuers, user bases, applications, and technological strengths and weaknesses. The multi-chain approach has overtaken the single unified ledger idea because it’s more scalable, flexible, and practical given the wide range of technologies, stakeholders, and interests involved. 

However, for a multi-chain economy to work, blockchains must be able to seamlessly communicate and transfer assets cross-chain in a secure and reliable manner. Unfortunately, blockchain interoperability is a challenging problem to solve, with over $2.8B in user funds already hacked due to insecure cross-chain token bridges and infrastructure.

The following blog will explore blockchain interoperability, its main challenges, and how the #Chainlink Cross-Chain Interoperability Protocol (CCIP) sets a new industry standard in security and moves the industry closer to realizing the ultimate goal of onchain becoming a single Internet of Contracts.

Internet of Contracts
Chain $LINK CCIP connects private and public blockchain networks to create a unified Internet of Contracts.
What Is Blockchain Interoperability?
Blockchain interoperability is the ability of different blockchain networks to communicate with one another by sending and receiving messages and tokens. Just like the Internet enables communication between computers, blockchain interoperability enables the cross-chain transfer of data and value.

Without blockchain interoperability, blockchains are akin to digital islands where their users, assets, and information are disconnected from the wider Web3 ecosystem. Thus, establishing a blockchain interoperability standard is critical to unlocking the full potential of blockchain technology because it enables an interconnected onchain economy that maximizes liquidity, provides universal access to users, and realizes greater efficiencies and cross-chain collaboration. To learn more, check out the blog: What is Blockchain Interoperability?

Key Challenges to Blockchain Interoperability
Technology
Due to the way they generate consensus, blockchains are not designed to directly validate the state of all other onchain networks or offchain systems that exist in the world without introducing significant compromises to the chain’s security, stability, or scalability. This connectivity limitation is the basis of both the oracle problem and the blockchain interoperability problem.

Therefore, a blockchain interoperability solution must be able to read and write data in different formats and interpret different consensus mechanisms to determine important information, such as whether a transaction is considered finalized on a specific blockchain (i.e., transaction finality). It must also have its own way of receiving, validating, and executing cross-chain transactions.

Functionality
There are a variety of functionalities that a blockchain interoperability solution may be asked to fulfill, most notably the ability to relay messages to/from different blockchains and transfer tokens cross-chain using a variety of token handling mechanisms. Beyond that, there are other important functionalities that a blockchain interoperability solution should ideally support, such as programmable token transfers—the ability to transfer tokens cross-chain and then use those tokens in a supplementary action on the destination blockchain, all within a single transaction. For example, transfer an asset cross-chain and deposit it in a staking contract as part of the cross-chain transaction.

Programmable Token Transfers enable tokens and messages to be sent cross-chain as part of a single transaction.
Programmable Token Transfers enable tokens and messages to be sent cross-chain as part of a single transaction, improving the developer and user experience.
A blockchain interoperability solution should also support data oracles as a way to trigger automated cross-chain transactions based on real-world or other blockchain events. Furthermore, institutional clients may want additional functionalities, such as the ability to program various organizational and compliance policies into their cross-chain workflows or the ability to conduct privacy-preserving cross-chain transactions.

Security
Validation of data and transactions is crucial to preventing a cross-chain protocol from being exploited. One of the main security challenges stems from blockchains having different notions of transaction finality—the point at which past blockchain transactions are deemed extremely difficult or impossible to revert. As such, a blockchain interoperability solution needs to understand the differences in blockchain design to ensure adequate time has elapsed for finality on the source blockchain before taking action on the destination chain.

Another key notion of security is how the blockchain interoperability solution validates transactions or data on the source blockchain and relays the data to the destination chain. These methods include centralized validation (e.g., a cryptocurrency exchange), local validation (e.g., atomic swap), native validation (e.g., zero-knowledge proof), or external validation (e.g., decentralized consensus). Different security approaches come with different trade-offs. For example, highly decentralized protocols may offer strong censorship resistance at the expense of developer flexibility and disaster recovery, while more centralized protocols may offer the reverse.

Finally, it’s important from a security perspective to evaluate the onchain and offchain code of the protocol and how battle-tested it is in terms of undergoing security audits and running securely in production. Furthermore, their private key security is of utmost importance—as compromised private keys are an attack vector often exploited within cross-chain solutions.

Standardization
Similar to how TCP/IP creates a single standard for the World Wide Web, blockchains need a single standard to enable communication between them. By having a single standard compared to a mix of different interoperability solutions with varying levels of security guarantees, liquidity can become unified across chains while security standards and workflows become standardized across use cases.

Chainlink’s Role in Blockchain Interoperability
CCIP (Cross-Chain Interoperability Protocol) is a blockchain interoperability solution powered by Chainlink. It is specifically designed to address the many challenges of blockchain interoperability.

CCIP is an arbitrary messaging cross-chain protocol that can read and write data from any public or private blockchain, as well as perform a variety of other functionalities for cross-chain transactions, such as enabling token transfers via a variety of token handling mechanisms (e.g., lock and mint, burn and mint, lock and unlock) and allowing users to execute programmable token transfers. Furthermore, CCIP is part of a wider Chainlink platform that enables users and institutions to get additional services needed to facilitate cross-chain transactions, such as Net Asset Value (NAV) data, proof of reserves, pricing information, blockchain abstraction solutions, and more.

Chainlink CCIP is the only blockchain interoperability solution to reach level-5 cross-chain security, and is powered by the same decentralized consensus that has helped the Chainlink protocol enable over $12T in onchain transaction value. It’s also the only blockchain interoperability protocol to feature an independent Risk Management Network—a separate decentralized network that serves as a secondary validation and anomaly detection layer. You can learn more about the five levels of cross-chain security in the video below.

CCIP is already being used across leading #DEFİ protocols, such as #AAVEUSDT⚡️⚡️ stablecoin #GHO , and some of the world’s leading financial institutions, such as DTCC, ANZ, and Swift. The ability to securely support both DeFi and TradFi is critical to establishing a standard that supports the next era of digital finance based on tokenized assets and programmable money and finance services. There are also token bridges built on CCIP that provide user interfaces for users to transfer tokens and messages across blockchains via CCIP. Two CCIP-powered interfaces include Transporter and XSwap.

The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against seven unlicensed crypto entities for operating without licenses and violating marketing regulations. VARA has issued cease-and-desist orders and imposed fines on these entities. The regulator warned the public of the risks associated with dealing with unlicensed crypto businesses, emphasizing the potential for financial and reputational harm.

Protecting Crypto Investors
The Dubai Virtual Assets Regulatory Authority (#VARA ) has issued cease-and-desist orders against seven entities accused of operating without licenses and violating marketing regulations. In a warning issued on Oct. 9, VARA advised the public to avoid dealing with the unnamed and unlicensed virtual asset businesses.

VARA argued that dealing with such entities could expose users and institutions to financial and reputational risks, as well as potential legal consequences. The regulator added that it would continue to prioritize protecting consumers and investors.

Commenting on VARA’s latest enforcement action against unlicensed operators, the regulator’s Regulatory Affairs and Enforcement team said:

Our priority is to ensure that Dubai’s virtual assets ecosystem remains secure for consumers and investors while being a progressive environment for compliant entities. Market enforcement actions send a reinforcing message: VARA will not tolerate any attempts to operate without appropriate licenses, nor will we allow unauthorized marketing of virtual asset activities.

VARA added that its marketing #Regulations further emphasize #Dubai. 's commitment to ensuring #transparency and always protecting #stakeholders interests.

According to the regulator, the targeted entities have been fined amounts ranging from just over $13,600 to more than $27,000 each. VARA clarified that the severity of the penalties imposed was dependent on the nature and extent of the violations.

Meanwhile, the statement also revealed that VARA is conducting further investigations in conjunction with local authorities.

Circle has introduced native USDC on the Sui blockchain, giving developers and users direct access to USDC without relying on bridges. This launch supports Circle’s multi-chain approach, utilizing Sui’s features for fast, secure, and scalable applications.

USDC Goes Native on Sui Chain
Circle explained that the native integration of $USDC on $SUI enables developers to build decentralized applications (#Dapps ) on the layer one (L1) blockchain without needing third-party bridging solutions. #USDC✅ issued on #SUI🔥 will be redeemable 1:1 for U.S. dollars, providing developers with a stable, dollar-backed asset for creating financial products.

According to Circle, this move differentiates native USDC from bridged tokens like wUSDC, which were previously used on Sui but are not issued by Circle nor redeemable through its APIs. Sui, developed by Mysten Labs, is a versatile blockchain built on the Move programming language, designed to support high-throughput decentralized finance (#DEFİ ), gaming , and ecommerce applications.

In the blog post announcement, the stablecoin issuer highlighted that more than 85 applications are currently in development on Sui, aiming to offer scalable infrastructure for developers. Circle anticipates that the introduction of USDC will enhance liquidity across various services and use cases on the network.

The announcement follows the increasing adoption of bridged USDC on Sui, facilitated by Wormhole, a cross-chain messaging protocol. Circle noted that native USDC will operate alongside Wormhole’s bridged tokens, with plans underway to support migration from wUSDC to native USDC. Future developments include integration with Circle’s Cross-Chain Transfer Protocol (CCTP), designed to simplify native USDC transfers across #blockchains.

PRESS RELEASE. Geneva, Switzerland, October 9, 2024 – TRON DAO was proud to host the TRON Builder Tour at Columbia University with Blockchain at Columbia and Boston University Blockchain on October 5. The TRON Builder Tour merges hands-on workshops with enriching discussions, connecting students, developers and mentors.

TRON Builder Tour: Columbia Stop
The TRON Builder Tour hosted a hackathon at Columbia University on October 5, co-hosted by Blockchain at Columbia and Boston University Blockchain. The 12-hour event attracted over 120 sign-ups from students all eager to build on the TRON blockchain. Attendees included individuals from prestigious institutions such as Harvard, Boston University, NYU, Berkeley, Columbia, University of Waterloo, and Princeton. Longtime developers and early builders in the TRON community flew in from all over the U.S. to help students with their projects. Among the mentors were Dwayne Gordon, founder of a TRON community project, Eder Teixeira, a TRON Super Representative and Wes Jorgensen from Boston University Blockchain.Their collective experience provided students with invaluable insights and guidance, reinforcing TRON’s commitment to fostering innovation and education within the blockchain space.

Throughout the hackathon, students developed decentralized applications (dApps) across four tracks: DeFi, Artistry, Integration, and Web3. The top three projects from each track were awarded their respective share of the grand prize pool.

Judge-Selected Winners

DeFi Track

Showcasing projects that transform finance through decentralization, empowering individuals with transparent, accessible, and inclusive protocols for asset management. The winners of the DeFi track are as follows:
Stakecess by StakecessTEAMDR by Team D-POKPrisonCoin by TeamPC

Artistry Track

Where entertainment meets blockchain technology. The artistry track spotlights creative prowess in visual projects that embrace GameFi, NFTs, assets, and ventures related to the Metaverse. The winners of the Artistry track re as follows:

1. Monkey Lotto by Monkey Lotto

2. NoCapMaps by NoCapMaps

3. MetaForge by MetaForge Team

Integration Track

The Integration track prompts participants to integrate advanced protocols into the $TRX ecosystem, urging them to incorporate existing protocols, dApps, or services on $TRX / $BTTC into their applications. Participants create impactful features/tools for enhancing applications within the #TRX✅ / #bttc🤓 ecosystems. The winners of the Integration track are as follows:

1. TRONFundYou by NYBO

Swap Squad by BU Blockchain RKJ

Web3 Track

The #web3.0 category aims to honor teams that usher along the transition of #Web2.0 to Web 3.0 by introducing next-gen #DAO tools, SocialFi, blockchain/web infrastructure, SDKs, and other Dapps. The winner of the Web3 track is below:

1. AI Bot by TRON Support AI

HackaTRON Season 7

In tandem with the TRON Builder Tour , TRON DAO continues to push the envelope with HackaTRON Season 7, a competition that challenges innovators across multiple tracks to create solutions that leverage the TRON blockchain.

Stay updated and get involved by following TRON DAO on X and visiting the HackaTRON official page for the latest news and participation opportunities!

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services, boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of October 2024, it has over 263 million total user accounts on the blockchain, more than 8.6 billion total transactions, and over $16 billion in total value locked (TVL), as reported on TRONSCAN.

In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO . Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.

With a 2.7 trillion SHIB volume registered in the last 24 hours, Shiba Inu may be preparing for a resurgence following a notable uptick in on-chain activity. Considering the present technical and on-chain indicators, this spike potentially signals a turnaround in the token's price action and suggests a growing interest in it.

Technically speaking, as can be seen on the chart, Shiba Inu is presently consolidating within a symmetrical triangle pattern. Given that the asset has been trading near important support levels, traders are likely keeping a close eye out for any indication of a breakout. Important resistance levels could be broken by SHIB, which could have a major impact on its price trajectory.

$SHIB
Chart by TradingView
https://www.tradingview.com/symbols/BINANCE-SHIBUSDT/

Three significant resistance levels to keep an eye on: If SHIB succeed in breaking above $0.000018, it may ignite a rally that draws in more buying pressure. SHIB may soon test higher levels if there is a persistent break above. A significant bullish reversal would probably be indicated by a move above the $0.000022 resistance level. Higher highs could be reached as a result, extending the token's rally. SHIB could test its earlier-year highs if a breakthrough at the $0.000025 level confirms a full recovery.

With 118 large SHIB transactions occurring over the previous 24 hours, the on-chain data also reveals a consistent amount of large transactions. Together with the increase in big transaction volumes (2.71 trillion SHIB), this suggests that major players might be preparing for a possible move. The price of Shiba Inu is currently hovering around its lower support levels, and rising transaction volume, along with technical consolidation, could be early indicators of an imminent breakout. SHIB may experience a notable market rebound if bulls seize the initiative and drive the price through these pivotal levels.

The pseudonymous Shiba Inu marketing expert known to the crypto community as Lucie has addressed the SHIB army about the current state of the crypto market, as well as the FUD and insults the team has been hearing from users recently, including threats against Shytoshi Kusama.

"Stop the FUD," Lucie says
Lucie tweeted that the cryptocurrency market remains disappointing, and the whole community is waiting for “a shift in the mood.” She asked the SHIB army to stop “the unnecessary insults and FUD.” “The market is way bigger than any of us,” SHIB’s marketing lead added.

Good morning!

It’s crazy how time flies.

Last Friday, I came close to death after a severe reaction to antibiotics following a minor surgery, which led to a blood infection. It was 14 hours of pure chaos, and while I’m not sharing this for empathy, it really shook me. Life… pic.twitter.com/WPa90Ltg7q— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) October 11, 2024

Lucie reminded the SHIB army that the Shiba Inu team is “actively building incredible tech.” While the SHIB price remains low, the SHIB executive said that it is “in the hands of holders and demand.” The demand is highly important, she said, therefore, Shiba Inu ecosystem tokens’ movement depends almost entirely on the market.

Lucie also asked the community to stop sending rebukes and threats to SHIB lead Shytoshi Kusama. “Do you even understand how crypto works? Let’s focus on what truly matters,” she says.

Important Web3 warning from SHIB team
In the same X post, Lucie also issued a warning to the whole Shiba Inu community: “Also, a quick warning to stay safe on Web3.” She strongly recommended that crypto users be “extremely cautious” as they meet anyone online and feel like trusting them.

She reminded that while the cryptocurrency space is exciting, there are still many risks in it. “So protect yourself and always be careful!” she concluded.

SHIB price up 5.4%
$shiba

The second largest meme cryptocurrency, SHIB, has finally begun to recover after the massive 13.12% decline it faced from Oct. 7 until yesterday, when it slumped from $0.00001870 to the $0.00001625 level.

In the past 24 hours, SHIB has printed a recovery of approximately 5.4% and is currently changing hands at $0.00001714.

In the meantime, according to the Shibburn tracker, the daily SHIB burn rate has seen a drawdown of 52.16% over the past day. As it happened, a total of 1,200,480 SHIB meme coins have been burned, i.e., transferred to unspendable wallets in an attempt to make Shiba Inu scarce in the long run. This, in theory, should lead to a substantial price rise in the future.