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<title>MUFG, Akamai Launch Scalable Blockchain Payment Network GO-NET</title>
<link>https://btcmanager.com/mufg-akamai-scalable-blockchain-payment-network-go-net/
<guid ispermalink=”false”>https://btcmanager.com/?p=14033660</guid>
<description>&lt;div&gt;&lt;img src=”https://btcmanager.com/wp-content/uploads/2021/04/MUFG-Akamai-launch-blockchain-payment-network-GO-NET.jpg” class=”ff-og-image-inserted”&gt;&lt;/div&gt;&lt;p&gt;&lt;b&gt;The high-speed blockchain-based payment network recently launched its first service to connect payment service providers.&lt;/b&gt;&lt;/p&gt;
&lt;h2 class=”western”&gt;&lt;span class=”ez-toc-section” id=”gonet_payment_network_is_now_live”&gt;&lt;/span&gt;&lt;strong&gt;GO-NET Payment Network is Now Live&lt;/strong&gt;&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h2&gt;
&lt;p&gt;According to a &lt;a href=”https://www.ledgerinsights.com/mufg-akamai-launch-blockchain-payment-network-go-net/”&gt;report&lt;/a&gt; by &lt;i&gt;Ledger Insights&lt;/i&gt; published on April 7, GO-NET – a blockchain-enabled payment network set up as a joint venture between Japan-based MUFG and tech partner Akamai – is now live.&lt;/p&gt;
&lt;p&gt;For the uninitiated, GO-NET is positioning itself as a domestic payment settlement layer akin to the big players such as Visa and Mastercard in the same industry. Notably, the network has also partnered with these two industry stalwarts for strategic purposes.&lt;/p&gt;
&lt;p&gt;GO-NET offers a wide variety of robust and innovative features such as low cost, minimal latency, and unparalleled security.&lt;/p&gt;
&lt;p&gt;Per sources close to the matter, merchant acquirer fees via GO-NET are significantly low, especially for small transactions where the fees are sometimes uneconomic. This makes GO-NET an ideal platform choice for micro-transactions such as card payments at vending machines, loyalty points, and others. The network is also keeping a close eye on IoT payments in the future.&lt;/p&gt;
&lt;p&gt;It is worthy of note the GO-NET network claims to be capable of processing 100,000 transactions per second. This high-performance could majorly be attributed to the network’s permissioned nature.&lt;/p&gt;
&lt;p&gt;With regard to IoT-based payments, Hitachi is GO-NET’s major partner and is actively mulling implementing the new payment network in its IoT platform Lumada.&lt;/p&gt;
&lt;h2 class=”western”&gt;&lt;span class=”ez-toc-section” id=”plans_ahead”&gt;&lt;/span&gt;&lt;strong&gt;Plans Ahead&lt;/strong&gt;&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h2&gt;
&lt;p&gt;GO-NET already has additional services and features that are slated to be unveiled later in the year, including the ability to send pass-through payments data, providing balance and related data, and plans for a blockchain as a service offering, the report reads.&lt;/p&gt;
&lt;p&gt;Commenting on the development, Stephen Adams, Head of Business Strategy and Planning, Visa Worldwide (Japan), noted:&lt;/p&gt;
&lt;blockquote&gt;&lt;p&gt;&lt;strong&gt;“Cashless payment needs for low-price, high transaction frequency markets like vending machines are rising. Through our partnership with Global Open Network Japan, Inc., we will continue to endeavor our goal to create an environment to enable payment anywhere, anytime.”&lt;/strong&gt;&lt;/p&gt;&lt;/blockquote&gt;
&lt;p&gt;In similar news, &lt;i&gt;BTCManager&lt;/i&gt; &lt;a href=”https://btcmanager.com/bank-japan-first-phase-virtual-currency/”&gt;reported&lt;/a&gt; that the Bank of Japan has commenced its first testing stage involving &lt;a href=”https://btcmanager.com/tag/cbdc/”&gt;CBDCs&lt;/a&gt;.&lt;/p&gt;
&lt;div class=”relpost-thumb-wrapper”&gt;&lt;div class=”relpost-thumb-container”&gt;&lt;h3&gt;&lt;span class=”ez-toc-section” id=”related_posts”&gt;&lt;/span&gt;Related posts:&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h3&gt;&lt;/div&gt;&lt;/div&gt;
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<pubdate>Wed, 07 Apr 2021 20:01:40 +0000</pubdate>
<dc:creator>Aisshwarya Tiwari</dc:creator>
<dc:language>en</dc:language>
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<dc:identifier>https://btcmanager.com/mufg-akamai-scalable-blockchain-payment-network-go-net/</dc:identifier>
<category>Blockchain</category>
<category>Akamai</category>
<category>blockchain</category>
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<title>XRP Retraces from $1 as SEC Lawsuit Turmoil Continues</title>
<link>https://btcmanager.com/ripple-xrp-1-sec-lawsuit-turmoil-continues/
<guid ispermalink=”false”>https://btcmanager.com/?p=14033682</guid>
<description>&lt;div&gt;&lt;img src=”https://btcmanager.com/wp-content/uploads/2018/12/After-Blockchain-Push-UAE-Investigates-Ripple-XRP-and-a-National-Cryptocurrency.jpg” class=”ff-og-image-inserted”&gt;&lt;/div&gt;&lt;p&gt;&lt;strong&gt;Ripple’s cryptocurrency XRP recently &lt;a href=”https://www.msn.com/en-us/money/markets/xrp-price-update-as-ripple-cryptocurrency-hits-241-amid-sec-lawsuit/ar-BB1fmi6i?ocid=BingNewsSearch”&gt;hit 1 dollar&lt;/a&gt; for the very first time since the year 2018. The cryptocurrency recorded a new high this year after surpassing the $0.75 mark at the end of last month.&amp;nbsp;&lt;/strong&gt;&lt;/p&gt;
&lt;h2&gt;&lt;span class=”ez-toc-section” id=”xrp_breaking_barriers”&gt;&lt;/span&gt;&lt;b&gt;XRP Breaking Barriers&lt;/b&gt;&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h2&gt;
&lt;p&gt;&lt;span&gt;According to crypto statistics tracker Coinmarketcap,&lt;/span&gt; &lt;a href=”https://coinmarketcap.com”&gt;&lt;span&gt;XRP periodically rose&lt;/span&gt;&lt;/a&gt;&lt;span&gt; to the fourth position on the market capitalization tally, with a valuation of $45.5B. However, Tether reclaimed the position after XRP’s market cap fell to $42.3B, placing it in number 5.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;The cryptocurrency’s price plummeted after the US SEC sued Ripple for not trading XRP as a security. Nonetheless, the recent price surge shows a glimmer of hope as the digital currency sits at the&lt;/span&gt; &lt;a href=”https://coinmarketcap.com/”&gt;&lt;span&gt;top 5 cryptocurrencies by market cap value&lt;/span&gt;&lt;/a&gt;&lt;span&gt;. The crypto’s price has risen by over 60% over the last seven days and has surprisingly surpassed rivals Cardano and Polkadot on the market cap table.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;XRP’s price upsurge happened despite the digital currency being delisted by several exchanges in the western market region. According to crypto analysts, XRP trades are still ongoing in other parts of the world. The SEC lawsuit on Ripple might have forced the hand of exchanges operating in the western region to delist XRP, but the crypto has managed to double its market valuation in 2021.&lt;/span&gt;&lt;/p&gt;
&lt;h2&gt;&lt;span class=”ez-toc-section” id=”sec%e2%80%99s_lawsuit_takes_a_major_turn”&gt;&lt;/span&gt;&lt;b&gt;SEC’s Lawsuit Takes a Major Turn&lt;/b&gt;&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h2&gt;
&lt;p&gt;&lt;span&gt;According to law article blog law360, a U.S Magistrate &lt;/span&gt;&lt;a href=”https://www.law360.com/articles/1372735/ripple-labs-wins-access-to-sec-internal-crypto-discussions”&gt;&lt;span&gt;gave&lt;/span&gt;&lt;/a&gt;&lt;span&gt; Ripple access to the SEC’s documents mentioning XRP. However, the Magistrate ruled that both parties can challenge the decision and any e-mails between staff members working for the Security and Exchanges Commission is not necessary.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;Ripple’s lawyers believe the documents are imperative for them to &lt;/span&gt;&lt;a href=”https://btcmanager.com/ripple-resolution-moneygram/”&gt;&lt;span&gt;challenge the suit&lt;/span&gt;&lt;/a&gt;&lt;span&gt;. Ripple suggests that it is somewhat questionable why it took the SEC eight years to file a lawsuit claiming XRP is a security and not a commodity.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;Attorney Jeremy Hogan, who is observing the SEC vs Ripple case, &lt;/span&gt;&lt;a href=”https://twitter.com/attorneyjeremy/status/1379400447669190659?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1379400447669190659%7Ctwgr%5E%7Ctwcon%5Es1_&amp;amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fripple-wins-access-to-sec-discussions-on-defining-crypto-assets-as-securities”&gt;&lt;span&gt;tweeted&lt;/span&gt;&lt;/a&gt;&lt;span&gt; that in 2016 the commission &lt;/span&gt;&lt;a href=”https://www.sec.gov/litigation/admin/2016/34-78924.pdf”&gt;&lt;span&gt;acknowledged&lt;/span&gt;&lt;/a&gt;&lt;span&gt; Ripple as a digital currency company, making it unreasonable to term XRP as a security.&lt;/span&gt;&lt;/p&gt;
&lt;h2&gt;&lt;span class=”ez-toc-section” id=”will_xrp_continue_to_rise”&gt;&lt;/span&gt;&lt;b&gt;Will XRP Continue to Rise?&lt;/b&gt;&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h2&gt;
&lt;p&gt;&lt;span&gt;It is unclear if Ripple’s recent court ruling is aiding XRP’s rise in the crypto market, but XRP is gaining popularity by the day. The Magistrate who made the ruling noted that hundreds of people phoned in to observe the proceedings. The cryptocurrency is now making rounds between $1.1 and $0.9, &lt;/span&gt;&lt;a href=”https://btcmanager.com/analysts-bullish-trend-ethereum-1400/”&gt;&lt;span&gt;sparking bullish market talks.&lt;/span&gt;&lt;/a&gt;&lt;span&gt; Nonetheless, the ongoing lawsuit is still a significant factor in play overseeing the possibility of a price rise or a deafening fall.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;It is too soon to say if the coin can reach $10 heights, as crypto analysts are giving out different predictions. Other factors such as Ripple being the majority owners of the XRP token will also play a role in the pricing if the company were to win the case against the Security and Exchanges Commission.&amp;nbsp;&amp;nbsp;&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;div class=”relpost-thumb-wrapper”&gt;&lt;div class=”relpost-thumb-container”&gt;&lt;h3&gt;&lt;span class=”ez-toc-section” id=”related_posts”&gt;&lt;/span&gt;Related posts:&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h3&gt;&lt;/div&gt;&lt;/div&gt;
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<pubdate>Wed, 07 Apr 2021 18:01:29 +0000</pubdate>
<dc:creator>Wayne Jones</dc:creator>
<dc:language>en</dc:language>
<dc:format>text/html</dc:format>
<dc:identifier>https://btcmanager.com/ripple-xrp-1-sec-lawsuit-turmoil-continues/</dc:identifier>
<category>Altcoins</category>
<category>Cardano</category>
<category>coinmarketcap</category>
<category>crypto exchanges delisting XRP</category>
<category>Polkadot</category>
<category>Riple SEC lawsuit</category>
<category>Ripple</category>
<category>SEC</category>
<category>Tether</category>
<category>XRP</category>
<category>XRP market cap</category>
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<title>DYP Protocol Staking dApp Launches on Binance Smart Chain (BSC), LPs to earn Passive Income in ETH, DYP, or BNB</title>
<link>https://btcmanager.com/dyp-protocol-staking-dapp-binance-smart-chain-bsc-lp-passive-income-eth-dyp-bnb/
<guid ispermalink=”false”>https://btcmanager.com/?p=14033698</guid>
<description>&lt;div&gt;&lt;img src=”https://btcmanager.com/wp-content/uploads/2021/04/DeFi-Yield-Protocol-Community-Update — Staking-Pools-Tutorial-on-Binance-Smart-Chain.jpg” class=”ff-og-image-inserted”&gt;&lt;/div&gt;&lt;p&gt;&lt;strong&gt;In a milestone move, the DeFi Yield Protocol (DYP) staking dApp is now live on the Binance Smart Chain (BSC), as per an &lt;a href=”https://twitter.com/dypfinance/status/1379160834937647116″&gt;update&lt;/a&gt; on Apr 5.&amp;nbsp;&lt;/strong&gt;&lt;/p&gt;
&lt;h2&gt;&lt;span class=”ez-toc-section” id=”dyp_staking_service_on_the_binance_smart_chain_(bsc)”&gt;&lt;/span&gt;&lt;b&gt;DYP Staking Service on the Binance Smart Chain (BSC)&lt;/b&gt;&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h2&gt;
&lt;p&gt;&lt;span&gt;The DYP staking service launch on the low-fee, high throughput BSC platform is a step in the right direction. It comes after a code audit by Blockchain Consilium.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;DYP Staking services were launched in early Q1 2021 and have grown in stature over time, attracting yield farmers who have cumulatively earned over $14.8 million since activation.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;There will be four staking options for each pool in the BSC with monthly rewards ranging from 30k to 100k DYP depending on the lock-up period ranging from three days to three months chosen by liquidity providers staking their liquidity tokens.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;LPs can stake their liquidity tokens, received from providing liquidity at their selected DYP pool on PancakeSwap, to the DYP/WBNB, DYP/BUSD, and DYP/ETH pools.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;The DYP protocol aims to reward liquidity providers with ETH coins and has integrated an anti-manipulation feature to transparently convert rewards into ETH without a noticeable impact on Ethereum prices.&lt;/span&gt;&lt;/p&gt;
&lt;h2&gt;&lt;span class=”ez-toc-section” id=”launch_on_bsc_a_step_in_the_right_direction”&gt;&lt;/span&gt;&lt;b&gt;Launch on BSC a Step in the Right Direction&lt;/b&gt;&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h2&gt;
&lt;p&gt;&lt;span&gt;Launching on the BSC platform is expected to spark even more activity. Notably, BSC is part of the burgeoning Binance ecosystem comprising the Binance Chain, a DEX, CeFi products, and an exchange offering crypto-to-crypto, crypto-to-fiat, and derivative trading, on top of other exciting services.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;Uniquely, through the DYP protocol, liquidity providers can trustlessly earn ETH, BNB, or DYP easily without risks.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;Here, all a user has to do is to provide liquidity to any of the supported protocols. After that, the platform will convert those rewards in DYP to ETH/BNB coins before disbursing them to LPs wallets.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;For faster onboarding, the DYP protocol has made its interface easy to use. It is simplified, making it easy for both new and experienced yield farmers to participate.&lt;/span&gt;&lt;/p&gt;
&lt;h2&gt;&lt;span class=”ez-toc-section” id=”yield_farming_dyp_in_the_bsc”&gt;&lt;/span&gt;&lt;b&gt;Yield Farming DYP in the BSC&lt;/b&gt;&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h2&gt;
&lt;p&gt;&lt;span&gt;As aforementioned, DYP liquidity providers have cumulatively earned over $14.8 million since launch.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;Tokens were distributed to LPs in Uniswap, which has grown almost 20X with over $19 million in various DYP pools in Uniswap.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;Therefore, the extension to PancakeSwap would help build DYP Protocol’s liquidity besides opening up even more developments in the future.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;To jump-start activity and presence in BSC, DYP Protocol has deposited $510k of liquidity to PancakeSwap.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;From there, users can choose to provide liquidity to any of the three pools: DYP/BNB, DYP/ETH, and DYP/BUSD, on PancakeSwap and stake their LP tokens with the option of being paid in the DYP Protocol’s token DYP, BNB—the native currency of the Binance Ecosystem, or ETH.&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;To get started, users can obtain DYP tokens from DYP Protocols on PancakeSwap to supply liquidity and earn LP tokens. However, those with DYP tokens in Ethereum can easily swap them to BEP-20 tokens on the BSC through the recently created bridge. The BSC is compatible with the EVM. Therefore, transactions can be executed straight from MetaMask.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;During conversion, the DYP Protocol recommends swappers to save the transaction hash for quick resolution whenever network issues arise. Also, users can swap a maximum of 10k DYP tokens every 24 hours.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;h2&gt;&lt;span class=”ez-toc-section” id=”price_stabilization_feature_using_the_more_liquid_bnb”&gt;&lt;/span&gt;&lt;b&gt;Price Stabilization Feature using the more Liquid BNB&lt;/b&gt;&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h2&gt;
&lt;p&gt;&lt;span&gt;Apart from the anti-manipulation feature that safeguards the conversion of rewards to ETH, the DYP Protocol has taken steps to cushion against unexpected DYP volatility.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;Accordingly, there will be a trigger set at -2.5 percent. If this is exceeded, then the maximum amount of DYP tokens that won’t affect prices will be converted to BNB.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;In that regard, all BSC pools’ DYP rewards will be automatically converted to BNB before being distributed to BNB, ETH, or DYP as per the LP’s selected means of receiving rewards.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;Also, assuming LPs don’t claim DYP rewards, the protocol’s governance will vote to either distribute these rewards to owners or burn them.&lt;/span&gt;&lt;/p&gt;
&lt;h2&gt;&lt;span class=”ez-toc-section” id=”dyp_protocol_features_in_the_pipeline”&gt;&lt;/span&gt;&lt;b&gt;DYP Protocol Features in the Pipeline&lt;/b&gt;&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h2&gt;
&lt;p&gt;&lt;span&gt;In April, the DYP Protocol plans to launch DYP Tools. The team is waiting for the completion of GETH Node synchronization.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;At the same time, the DYP Earn Vault is ready to launch, just awaiting audit results.&amp;nbsp;&lt;/span&gt;&lt;/p&gt;
&lt;p&gt;&lt;span&gt;Other products set for release include DYP NFT dApp, which is still in development, and a planned overhaul of DYP Protocol’s user interface.&lt;/span&gt;&lt;/p&gt;
&lt;div class=”relpost-thumb-wrapper”&gt;&lt;div class=”relpost-thumb-container”&gt;&lt;h3&gt;&lt;span class=”ez-toc-section” id=”related_posts”&gt;&lt;/span&gt;Related posts:&lt;span class=”ez-toc-section-end”&gt;&lt;/span&gt;&lt;/h3&gt;&lt;/div&gt;&lt;/div&gt;
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<pubdate>Wed, 07 Apr 2021 17:02:56 +0000</pubdate>
<dc:creator>Dalmas Ngetich</dc:creator>
<dc:language>en</dc:language>
<dc:format>text/html</dc:format>
<dc:identifier>https://btcmanager.com/dyp-protocol-staking-dapp-binance-smart-chain-bsc-lp-passive-income-eth-dyp-bnb/</dc:identifier>
<category>DeFi</category>
<category>altcoin</category>
<category>dyp</category>
<category>DYP Protocol</category>
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