SafePal to Hold AMA on X on July 31st

Nami Index has confirmed that the TCY asset is ready to launch alongside the upcoming THORChain 3.9 upgrade, which is scheduled for release on July 31st. The deployment will proceed in phases, starting slowly before a full rollout.

RUNE Info

THORChain is a decentralized liquidity protocol that enables users to easily exchange cryptocurrency tokens over the network without the need for intermediaries. This is achieved by creating a liquidity pool that automatically establishes prices and provides liquidity for trading.

The key feature of THORChain is its ability to facilitate secure, fast, and reliable cross-chain asset operations. This means that users can directly exchange one cryptocurrency for another, even if they exist on different blockchains.

The RUNE token in THORChain is used as collateral for validators in the network and to ensure liquidity in the liquidity pools.

Pakistan’s demographics position the country as a major catalyst for Bitcoin adoption, allowing it to “leapfrog” developed nations, according to Bilal Bin Saqib, Pakistan’s state minister of crypto and blockchain.

“A global policy shift has happened, not just in Pakistan, but all around the world,” Bin Saqib told Cointelegraph in an exclusive interview. The government of Pakistan moved to regulate crypto in November 2024.

The country has 40 million crypto wallets and is one of the “top five” countries in terms of crypto adoption, which the minister attributed to Pakistan’s young demographic. He told Cointelegraph:

“Pakistan's median age is 20. We have 250 million people, and 70% under the age of 30. If Pakistan’s youth were to be a country, it would be the ninth or tenth most populous country on earth.”

“Emerging markets are what will leapfrog the adoption of these new technologies,” the minister said, with smaller countries more likely to adopt Bitcoin due to their nimble size, allowing them to front-run developed countries. “It's easier to make a speedboat move than the Titanic,” Bin Saqib added.

Collaborative partnership with El Salvador for Bitcoin development

Pakistan and El Salvador signed a letter of intent in July to share education and knowledge about Bitcoin, digital asset infrastructure, and energy development for crypto mining, the minister said.

“The cooperation is essentially based on how emerging economies that are both under the IMF program can leverage technology and other financial instruments for national growth,” he told Cointelegraph.

Pakistan’s National Crypto Council and other regulatory bodies are seeking input on a comprehensive regulatory framework for digital assets, licensing crypto exchanges, developing a strategic Bitcoin reserve, launching a stablecoin, and mining Bitcoin using excess energy, the minister said.

Mining Bitcoin with excess and runoff energy sources

“Pakistan has a very interesting problem. We have excess electricity, which we pay capacity charges for,” the minister told Cointelegraph.

He said the country has up to 10,000 megawatts (MW) of excess energy, which is a “liability” due to the carrying costs of the electricity.

Bin Saqib said the country is allocating 2,000 MW for Bitcoin mining and AI data centers. The government is also exploring the potential to mine BTC with runoff energy from methane and other excess or stranded power sources, he added.

Stafi will conduct an AMA on X on July 29th at 13:00 UTC to address the implications of listing FIS on the Hyperliquid platform.

The event will allocate a total of 500 FIS in rewards and will focus on outlining the prospective advantages for the community.

Refer to the official tweet by FIS:

FIS Info

StaFi (Staking Finance) is the world’s first decentralized platform designed to solve the problem of liquidity in the staking process. The project was created on the basis of blockchain technology and implements a number of innovative solutions in the field of financial services.

Main features and characteristics of StaFi:

rToken: A token which is a standard token used for staking. When a user stakes via StaFi, they receive an rToken in exchange for the staked tokens. rToken can provide liquidity while the underlying token continues to be staked.

Liquidity in staking: One of the main problems with staking is that the staked tokens become unavailable for trading or other transactions. StaFi allows users to get around this problem by providing them with rTokens that can be freely traded or used in other applications.

Security: StaFi uses a number of mechanisms to keep user funds safe, including a decentralized validation model and special punishment schemes for unscrupulous validators.

Network Diversity: StaFi supports staking for a variety of blockchain networks, including Ethereum, Polkadot, Cosmos, and more.

The FIS Token is a native token of the StaFi platform that allows holders to participate in the governance of the ecosystem by voting on key proposals. The token serves as collateral for validators to secure the network, and is also used to pay fees, incentivize participants, and provide liquidity in DeFi applications.

Litecoin will hold a live stream on July 26th at 23:00 UTC.

The event is expected to feature the founder, Charlie Lee, manager, Alan Austin.

LTC Info

Litecoin is a peer-to-peer cryptocurrency that was created by Charlie Lee, a former Google engineer, and was launched in 2011 as an alternative to Bitcoin. It is often referred to as the "silver" to Bitcoin's "gold" due to its similarities to Bitcoin but with some key differences.

Like Bitcoin, Litecoin operates on a decentralized network using blockchain technology. It allows users to make secure, fast, and low-cost transactions directly between parties without the need for intermediaries such as banks. Litecoin transactions are verified by network nodes through cryptography and recorded on the blockchain.

One significant difference between Litecoin and Bitcoin is the hashing algorithm used for mining. Litecoin utilizes a different hashing algorithm called Scrypt, which requires less computational power and allows for faster block generation times. As a result, Litecoin transactions are typically confirmed more quickly compared to Bitcoin.

Another difference is the total supply of coins. While Bitcoin has a maximum supply of 21 million coins, Litecoin has a maximum supply of 84 million coins. This higher supply and faster block generation make Litecoin more suitable for smaller transactions and everyday use.

Litecoin has gained popularity for its efficient transaction processing, lower fees, and strong community support. It has been integrated into various payment systems and is accepted by numerous merchants as a form of payment. Additionally, Litecoin has been used as a testing ground for implementing new features and technologies, such as Segregated Witness (SegWit) and the Lightning Network, which aim to improve scalability and enhance the overall functionality of cryptocurrencies.

Overall, Litecoin serves as a digital currency that provides a faster and more lightweight alternative to Bitcoin, with a focus on everyday transactions and wider adoption in the cryptocurrency ecosystem.