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Ethereum Name Service (ENS) Reclaims Eth.link Domain Name

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Ethereum Name Service (Ens) Reclaims Eth.link Domain Name
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  • U.S. district court in charge of the case approved ENS’s request for an injunction.
  • Manifold Finance paid $851,919 to acquire the eth.link domain name.

The Ethereum Name Service (ENS) announced late on Sunday that it had reclaimed possession of the eth.link domain name after a successful injunction against domain supplier GoDaddy.

Last month, ENS’s parent firm, True Names Ltd., and eth.link’s former owner, Virgil Griffith, sued domain name registrars GoDaddy, Dynadot, and Manifold Finance. The ENS claims that GoDaddy breached their contract by failing to “respect, acknowledge, and protect” the eth.link name by transferring. It to rival domain name registrar Dynadot before its expiry date and offering it for auction.

Services Finally Restored

The Domain Name System, or DNS, is what web browsers use to connect to websites. And it is connected to by ENS through the eth.link domain. Through the EthLink service, “.eth” domain owners may set up standard-browser-accessible webpages at their own ENS names. ENS and its users experienced disruption in service due to the loss of the eth.link domain.

The situation, however, has resolved. The EthLink services have restored after the U.S. district court in charge of the case approved ENS’s request for an injunction and returned the eth.link domain name.

“Our injunction was successful and the name has been returned to us,” the ENS wrote on Twitter Sunday night.

According to Domain Name Wire, Manifold Finance paid $851,919 to acquire the eth.link domain name from Dynadot. Sam Bacha, co-founder of Manifold, addressed the issue of the company “sniped” the name in a locked thread on the ENS forums.

As a decentralized, public, and expandable name system built on the Ethereum blockchain. The Ethereum Name Service (ENS) is a popular choice. The purpose of ENS is to convert human-readable names like “alice. eth.” To corresponding Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata.

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USDC Issuer Circle Announces Support For 5 New Blockchains

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Firm Behind Usdc Stablecoin ‘Circle’ Announces Launch Of Euroc Stablecoin
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  • USDC support rises from eight to thirteen blockchains due to this new initiative.
  • It was announced at Converge22 conference in San Francisco by Circle CEO.

Due to the delisting of USDC from Binance and WazirX, Circle is looking to increase its presence on other blockchains to preserve its position in the crypto industry.

The company behind USD Coin (USDC) and Euro Coin (EUROC), Circle Internet Financial, has announced plans to expand into five major blockchains as of September 28. Circle is targeting the early years of 2023 for the introduction of its stablecoin on the following blockchains: Arbitrum, Cosmos, NEAR, Optimism, and Polkadot. Since this is the case, developers working on these blockchains may immediately begin testing Circle’s APIs for integration.

Greater Liquidity and Interoperability

According to Circle’s VP of Product Joao Reginatto, the company will be able to increase the number of ecosystems. The support for stablecoin surges from eight to thirteen as a consequence of this new initiative. Giving its customers access to “greater liquidity and interoperability” in their transactions.

Reginatto said that this would allow “institutions, exchanges, developers, and more” to have a choice in a secure and dependable bridge between cryptocurrencies and fiat currencies. It will be simpler to create new apps that prioritize rapid user transactions and programmable wallets if USDC is part of these ecosystems.

At Converge22 conference in San Francisco, Circle CEO and Co-Founder Jeremy Allaire announced the company’s objective. To assist enhance this new blockchain sector. And the narrative surrounding cryptocurrencies is now going from a primarily speculative phase to the utility phase.

Furthermore, he said that in order to improve the ecosystem, simple apps must be developed for all users. Moreover, they may use any stablecoin without worrying about which chain they’re on, he added.

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CryptoPunks NFT 2924 Sold for 3,300 ETH ($4.45 Million)

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Cryptopunks Nft 2924 Sold For 3,300 Eth ($4.45 Million)
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  • NFT hoarder “seedphrase” sold the CryptoPunk NFT. 
  • To date, punk #5822 has fetched the highest price for a CryptoPunk.

A million dollars was a common price tag for NFTs during the recent craze. It seemed that the brakes had been put to the market, since recent circumstances had remained turbulent. Despite this, one user paid 3300 ETH for a CryptoPunks NFT.

The latest shocking event is the $4.45 million sale of CryptoPunks 2924. It’s worth noting that this is one of NFT’s biggest-ever deals. NFT hoarder “seedphrase” parted with the CryptoPunk NFT. According to the NFT’s blockchain transaction history, it was last traded in November of 2020 for 150 ETH [$71,403 at the time].

Despite Sluggish NFT Market

To date, punk #5822 has fetched the highest price for a CryptoPunk. In February of this year, Deepak Thapliyal, CEO of Chain, paid almost $23 million for the alien-style punk. The price tag was far more than that of the next highest-earning punk by a wide margin. The deal almost broke the record for the biggest selling NFT ever, falling short by a few million.

Over the previous 24 hours, sales of CryptoPunk have increased by almost 348%. Therefore, at the time of publication, it was the best-selling compilation overall. Next to them was the Bored Ape Yacht Club, and then came the Mutant Ape Yacht Club. Approximately 13% and 52% daily sales increases were seen for the aforementioned collections.

The NFT market is still in its downturn phase, notwithstanding the sales recovery seen over the last day. Bloomberg reported data from Dune Analytics showing that, compared to January of this year, NFT trading volumes had dropped by 97%.

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Chainlink and SWIFT Collaborate on a Cross-Chain Protocol

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Chainlink And Swift Collaborate On A Cross-Chain Protocol
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