Author: Sahil Poudel

TradFi Meets DeFi: Zignaly’s Vision for the Future of Finance

From Banking to Blockchain

Abdul Rafay Gadit, co-founder of Zignaly, made a strong and bold move by moving his attention from traditional finance (TradFi) to digital decentralized Finance (DeFi). Traditional Finance is all about protection and regulation of customer information and assets but it tends to be really slow as it requires manual effort for the most part. Decentralized Finance on the other hand offers anyone with internet access the chance to involve themselves in this digital money world. Gadit believes that DeFi also comes with major problems such as the risk of hacking, and bugs on smart contracts however, he also believes we’re at a turning point where TradFi and DeFi are about to merge.

ZIGChain’s Vision for the Future

Gadit’s experience in traditional finance has made him well versed in its flaws so he aims to blend TradFi and DeFi into one, this way TradFi’s weak sections like risk management and user protection can be strengthened by innovation and openness of DeFi. That’s why he shaped ZIGChain, Zignaly’s upcoming decentralized blockchain, it aims to be a decentralized wealth-generation platform. This offers builders, fund managers, and users all over the world be able to make their own DeFi tools, dApps, and many more blockchain elements. This project also seems to have a bright future as it’s backed by a huge amount of $100 million. ZIGChain aims to make DeFi, Real-world assets, and NFTs into something way bigger than it already is, providing users with a wide range of investment opportunities.

TradFi and DeFi Are Converging

Gadit believes the future of all finance businesses leads to the merging of the digital aspect of finance with the traditional physical aspect of finance. He foresees a future where financial systems are more accessible and efficient, and users can very very easily rotate between traditional financial systems and Decentralized financial systems. Zignaly’s new mission is to create a new way of building wealth and making investment more inclusive, stable, and rewarding at the end of the day.

Ava Protocol Powers Sony’s Soneium Blockchain

Ava protocol and Soneium collaboration

Ava Protocol Partners with Sony’s Soneium

Ava protocol with the use of its Automation Infrastructure is set to power Sony’s new Layer-2 Blockchain, Soneium. This unexpected partnership allows creators and developers on Soneium to automate processes, monetize assets, and manage decentralized applications without the need for complex code.

Automation, Monetization, and Innovation

Ava protocol brings intent-based, non-code automation to soneium. This feature allows users to tokenize physical assets, manage payment, and easily execute smart contract. This collaborative innovation allows creators to monetize digital property as well as their physical property with the help of a decentralized marketplace and also tokenization. This also acts as a bridge between Layer-1 and Layer-2 solutions.

A New Era of Smart Contract Automation

By partnering with Sony’s Soneium, Ava Protocop has taken a major step toward becoming a leading smart contract automation platform. This crazy collaboration brings new opportunities for creators, and developers in this evolving world of blockchain innovation.

Preserving Polish Art Through Blockchain and Arctic Storage

Blockchain Meets Cultural Heritage Preservation

Poland’s bank Pekao is trying to preserve its cultural heritage with blockchain technology. Pekao has partnered with Aleph Zero in order to carry out this project. This innovative project, Archiv3 aims to digitalize and tokenize famous Polish artworks to ensure their easier accessibility and make them more secure for future generations.

Tokenizing Art and Storing it in the Arctic Vault

Archiv3 uses 3D scanning technology to convert physical artwork into Non-Fungible Tokens (NFTs) on eco-friendly Aleph Zero Blockchain. These NFTs are then stored in the Artic World Archive, which is a highly secure facility situated in Norway. Arctic World Archive is a crucial storage designed to store important information in case of cyber threats and disasters.

The Role of Blockchain in Safeguarding Cultural Assets

This innovative initiative by Bank Pekao highlights the fusion of traditional, cultural artwork into modern technology. This initiative ensures long-term preservation of cultural assets. This project along with other several projects going on currently shows the increasing role of Blockchain in digital asset management.

Aptos Acquires HashPalette: Expanding into Japan’s Blockchain Market

Aptos and HashPalette Partnership

Japanese blockchain developer HashPalette has been acquired by Aptos lab, the team behind layer-1 blockchain Aptos Network. This action signals Aptos entry into Japan leveraging its already existing ties in the Japanese market.

Token Migration and Expo

The Palette chain along with its applications is expected to be integrated into Aptos Network by early 2025. This program includes migration of the Palette chain governance token (PLT), which can be exchanged for Aptos token (APT) in later stages. Aptos will also support the digital wallet system for Expo 2025 in Osaka. This will allow customers to interact with NFTs, digital assets, and decentralized apps.

Market Impact and Future Outlook

Following the acquisition announcement, Aptos’ token (APT) increased by a whopping 7%, however, PLT suffered a devastating 15% drop. This project was necessary to show the Japanese stance on blockchain on a global scale. It will introduce a whole new audience of Japanese into the world of crypto.

Christie’s Introduces Blockchain Ownership for Art

Christie’s and Kresus Team Up

Christie’s has partnered with Kresus, which is a crypto wallet system used to provide blockchain based certificates of ownership for over 130 artworks. This move brings a new modern method to track art ownership.

Blockchain-Powered Certificates

This project will be using Coinbase’s Base blockchain, with the help of which Christie’s will mint unique digital certificates. These certificates will be stored in Kresus wallet which provides extra secure environment as compared to traditional paperwork. This makes ownership of artwork tamper-proof and easily accessible by the owner.

Art Collection Made Easier

Kresus founder stated how blockchain has helped simplify several other sectors and it’s help will surely simplify artwork management, reducing the hassle of paperwork. This partnership has started painting a picture of blockchain and art coming together.

Blockchain Technology: A Beginner’s Guide in 5 Simple Steps.

Wanna learn blockchain in simply 5 steps? Here is a guide.

1. What is Blockchain?

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Blockchain is a digital ledger that records all and every transaction detail. This transaction detail is noted down on every participant of said blockchain which makes it nearly impossible to break through by outsiders. This system of information being scattered and saved on different networks is called a decentralized system. The transaction detail or any valid information on the blockchain system is stored in a block and several of these records are joined together by a chain, hence the name Blockchain. Every user on the network gets a copy of the entire blockchain making this digital ledger bulletproof.

2. How Does Blockchain Work?

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Blockchain works on several computers called nodes, which validate the information( Mainly transactions). When a transaction occurs, its detail is bundled up with others in a block and several nodes scan the block as well as validate its integrity. Once the transaction is validated the block is added to the blockchain, forming a permanent record. This process ensures data integrity and data security of the whole block.

3. Smart contract

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Smart Contracts are policies and rules that bind all the pieces of blockchain together. These are self-executing contracts with terms and conditions written into code. Once the terms and conditions are met this contract will automatically enforce itself, removing the need for Middle-Man during transactions. Smart Contracts provide transparency, security, and Immutability. This ensures that data cannot be altered without detection.

4. Layer-1 and Layer-2 Blockchains

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I) Layer-1 Blockchains:

Layer-1 Blockchains are foundational blockchains that can establish, manage, and record all transactions on their own. Examples include Bitcoin, Ethereum, and Binance Smart Chain. Layer-1 Blockchains do face scalability and speed issues due to the limited number of transactions per second.

II) Layer-2 Blockchains:

Layer-2 Blockchains are simply upgraded and better versions of Layer-1 Blockchains. Layer-2 Blockchains are built on top of the base layer( Layer-1). They process transactions off-chain reducing the load on layer 1 and increasing its work efficiency.

5. Uses of blockchain

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  • Cryptocurrency
  • Supply Chain Management
  • Healthcare
  • Voting System
  • Finance

Conclusion

By understanding these 5 points, you’ll have a basic and general grasp of blockchain technology, including the difference between Layer 1 and Layer 2 blockchain.

Will BTC Hit $200K Next Year ?

The name Dave The Wave is famous in the digital world for his near-perfect accuracy on market predictions. He has again predicted a dramatic change in one of the leading cryptocurrencies by the end of 2025. Given his track record of successfully calling out and predicting market trends in the past, several Blockchain enthusiasts have their notebooks out for a delightful reward.

Dave the wave makes a subtle prediction on the future of Bitcoin.

Through a combination of technical analysis and the use of his Logarithmic Growth Channels(LGC), he has forecasted a dramatic price increase for the leading cryptocurrency Bitcoin. He predicts an increase of 214% from its current value making the price value of BTC $200,000 which is an absurd amount. He further supports and shows a positive outlook for Bitcoin in the coming years.

Dave the Wave who has accurately predicted previous market moves shared another forecast on the potential future of Bitcoin. He predicted bitcoin hitting a remarkable value of $200000 on X (Formerly Twitter), He based his prediction on his own Logarithmic Growth Channels(LGC). LGC is used to determine short-term volatility as well as long-term market trends. He also mentions Bitcoin forming a cup-and-handle pattern on weekly charts. He also notes that BTC appears to follow a strange pattern of higher highs and higher lows which suggests a strong bullish momentum.

A Famous Name, Dave the wave forecasted Bitcoin hitting a wildly absurd milestone of $200,000 market value. He also expressed good outlooks for Bitcoin in the future.

ANZ Bank Explores Tokenized Assets with Project Guardian

ANZ Bank Joins Project Guardian

ANZ Bank, one of Australia’s ” Big Four ” banks has become the first Australian bank to join Project Guardian. This program is led by the Monetary Authority of Singapore. This project has its objective to use blockchain to represent real-world assets as digital tokens. This project is formed on collaboration between Chainlink Labs and ADDX. ANZ will test the ability of computer systems to exchange and make use of the information of those digital tokens on a private blockchain.

Exploring Tokenized Assets and Blockchain Interoperability

ANZ is borrowing Chainlink’s cross-chain ability to profit from the exchange of tokenized assets, such as commercial paper. This project runs on a platform already established by other successful organizations like Swift’s. Tokenization allows real-world traditional assets to be represented digitally making it several times easier to trade on blockchain networks. However, this does come with a great challenge which is Interoperability (This is the ability of computer software to exchange and make use of provided information) between different blockchain networks. ANZ directs this issue by providing a better-decentralized network.

Paving the Way for Digital Finance Innovation

ANZ is venturing into the digital market to help customers navigate the evolving landscape of the blockchain ecosystem. The bank’s participation in Project Guardian represents its positive outlook towards the new digital age. This action just causes a domino effect and later in the future, we might see even more banks being involved in such programs.

FTX Repayments: Could $16 Billion Spark the Next Crypto Bull Run?

The Potential for a Bull Run

The idea of FTX starting a bull run comes from risk-hungry investors. This belief might turn out to be a risk worth taking or it might also nosedive into the abyss. With Bitcoin steadily breaking all bounds and reaching new heights daily, FTX repayment might join in and align itself with a broader crypto market. This could also cause further growth in the crypto space.

Will the Market React Positively?

Not all creditors are thrilled about receiving cash instead of crypto. This is to be expected everything is bound to have 2 sides and in this case, most investors and creditors seem to be on board with a potential bull run while a certain amount has a skeptical view.

Japan’s FSA to Reclassify Crypto in Upcoming Rule Review

Japan’s Regulatory Shift on Cryptocurrency.

Japan is preparing for a different approach to digital assets as Japan’s Financial Services Agency (FSA) is reviewing its current cryptocurrency regulations. This review conducted by Japan could lower taxes on crypto and enable local funds to invest in the digital market. This possibility shows the growing role of blockchains, particularly cryptocurrencies as an investment tool. The review of the newer technological sector by Japan shows its effort to adapt to ever ever-evolving crypto landscape. A whole nation contributing to a program dedicated to a blockchain element suggests its vast significance.

Japan’s Financial Services Agency (FSA) reviewing current crypto regulations.

Reclassifying Crypto for Stronger Investor Protections

The FSA’s review will mainly focus on the ability of current regulations to provide necessary protection for investors, as cryptocurrencies are now more commonly used for investment rather than payment. If cryptocurrency is seen as an investment token, FSA might reclassify Crypto as a Financial Instrument under Japan’s Investment Law. This might sound terrible to some but this does provide better legal protection for investors and lower tax on crypto gains, which currently is up to 55%. If the review is to go as predicted the new rate could slide down to 20%, which would make it comparable to other investments like stocks.

A Push Toward Crypto-Friendly Reforms

The sudden news of the review on crypto regulation shows Japan acknowledging Cryptocurrency as well as Blockchain technology to be an important factor for the future development of a nation. Japan is encouraging capital investments in digital assets as well as taking steps to nurture its blockchain ecosystem. This reclassification of regulation shows Japan’s positive attitude towards Cryptocurrency. If the reformation is successful then it might turn Japan into a crypto-friendly market.

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