Blockchain
LimeChain Drives Web3 Innovation, Enhancing the Global Market
Web3 is global and growing fast. The international market value of Web3 is expected to increase by more than 40% per annum through 2030. Its decentralized architecture and smart contract capabilities have transformative potential. Across industries such as finance, gaming, and social media, a blurring of technological lines is taking place.
Of course, delivering the promise of Web3 demands excellent user experience. And infrastructure is the engine of that experience. LimeChain is a pioneering Web3 engineering and product design firm contributing to that infrastructure – from DAOs to dApps and scaling solutions. LimeChains commitment to the mission is unwavering.
This commitment fuels their continued drive to grow and improve their core team of Web3 builders. 2022 was incredibly successful for LimeChain in this regard, as the team grew by 50% compared to 2021. The team is now over 100 strong, making LimeChain one of biggest Web3 companies in the world. Their recruitment effort has been significantly bolstered by their very successful Web3 training program LimeAcademy, which is aimed at preparing the next wave of Web3 engineers.
For 2023, LimeChain aims to maintain this level of growth and retain their position as a leading provider of Web3 services, including smart contract development, blockchain network development, DEX development, dApp design & development and ZKP implementation, among others.
“LimeChain has been a driving force for innovation in the Web3 space for over five years. We’ve been consistently delivering impactful products, helping to further the Web3 evolution and realize the vast potential of Web3 technologies. At the same time, we’ve also been educating talented Web3 engineers through our training program.”
“We are incredibly fortunate that we can share this journey with a number of standout clients and partners and explore projects and ideas that push us to perfect our craft and fuel our never-ending pursuit of excellence,” said Nick Todorov, co-founder and CEO of LimeChain.
Since their inception in 2017, LimeChain have selected innovative projects and ambitious partners that align with their vision, celebrating the growth and enrichment of the Web3 ecosystem, especially during challenging times. One River Digital Asset Management, recently acquired by Coinbase Inc., is a standout client.
“Our technology partners are critical as we work to build the first generation of institutional infrastructure in Web3. LimeChain has consistently delivered across design, engineering, and timely execution. Their ability to collaborate with in-house technical talent is outstanding. Working with LimeChain has accelerated our product development and expanded our perspective through a detailed, technical lens,” said Shaun Martinak, Product Lead, Onebridge, Coinbase Asset Management.
For the team at LimeChain, the recognition of their continued contribution to the growth of the industry has meant a lot, especially coming from a key partner that is at the outset of a new chapter of their Web3 journey. Looking ahead, they remain committed to supporting all of their clients and work with them to redefine what could be achieved in the Web3 space and introduce these fascinating technologies to a broader audience.
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
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Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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