2023-09-14

😅 What? FTX?! No, It's HTX🙈

Good morning, beautiful people,How do you keep yourself motivated when the charts are rangebound?

Ok...let's dive in!

  • 🌍 Huobi Goes Global

  • ⚡ Lightning Strikes Coinbase

  • 🤝 Zilliqa's Google Alliance

🪓 HTX: Huobi's New Branding Weapon

Justin Sun, global advisor to cryptocurrency exchange Huobi, highlighted the exchange's new international brand, HTX, launched this Wednesday.

Sun envisions HTX as the go-to for English-speaking users, making Huobi's global aspirations clearer.Addressing a gathering at Token 2049 in Singapore, he shared, "It’s hard for Westerners to pronounce 'Huobi'," which translates to "fire and coin" in Chinese.Thus, the catchy HTX was born for international appeal. Huobi's aim? Shifting from being a "Chinese-dominated" exchange.

Compared to rivals, Sun tipped his hat to Binance's successful global brand strategy. Though he was quick to mention Huobi's pristine track record since 2013, having "zero incidents."Salt, wound..rub rub rub!! 🧂Sun further revealed plans for the HTX platform, indicating a "democratized" process for listing new cryptocurrencies based on user voting.Wait...that sounds almost like a decentralized idea! 🤔

🚅 Coinbase Jumps Aboard Bitcoin's Lightning Train"

In a recent turn of events, Brian Armstrong, CEO of Coinbase, confirmed the exchange's plan to embrace the Lightning Network (LN), Bitcoin's Layer-2 payment protocol.

The Lightning Network offers a solution to Bitcoin's scalability hitches, ensuring faster and more cost-effective transactions.It's seen as Bitcoin's answer to rival cryptocurrency projects that boast swifter, wallet-friendlier deals.

Previously, dominant exchanges like Coinbase and Binance had shown a cold shoulder to this Layer-2 solution, believing it might eat into their earnings.If you can't beat them, join them! 👨‍❤️‍👨Yet, Armstrong's announcement paints a new picture: "Bitcoin is the most important asset in crypto and we’re excited to enable faster/cheaper transactions."This revelation followed after heavyweights like Michael Saylor and Jack Dorsey pressed Armstrong about the Lightning Network.Follow the leader! 🧌

With Coinbase jumping on the Lightning bandwagon, affordable Bitcoin microtransactions could become the norm. 

🤝 Zilliqa Teams Up with Google Cloud for Blockchain Boost 

In an electrifying revelation at Token 2049, Layer-1 blockchain Zilliqa has entered a game-changing alliance with tech behemoth Google Cloud.

This partnership (they say) promises to supercharge the world of blockchain, enhancing the adaptability, scalability, and data accessibility of Zilliqa's framework.

One of the spicy highlights? Google Cloud will act as a Staking Seed Node (SSN) operator on the Zilliqa network.It's like adding an all-star player to a sports team, as Google Cloud will join 28 other SSN operators.As long as that all-star doesn't take over completely! 🫣

With Zilliqa choosing Google Cloud as its main cloud provider, they're tapping into Google's acclaimed infrastructure.It's like giving Zilliqa's blockchain a super soldier serum, unlocking greater flexibility and efficiency.

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