What’s Going On In Crypto – May 22-28

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3 years agoSun May 22 2022 05:43:40
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What’s going on in the cryptocurrency world next week? Grab a pint and we’ll tell you. Beer for us, thanks. And nuts.

BitMart to List PLC Ultima (May 23)

BitMart will list PLC Ultima (PLCU) on Monday and will make the following trading pair available: PLCU/USDT. Important dates for the listing are as follows:

  • Deposit feature: 05/21/2022 11:00 AM (EDT)
  • Trade feature: 05/23/2022 11:00 AM (EDT)
  • Withdrawal feature: 05/24/2022 11:00 AM (EDT)

PLC Ultima claims to bridge the gap between traditional business and the crypto world, offering innovative business solutions that enable merchants worldwide to sell their products for cryptocurrencies, interacting with a global audience of crypto enthusiasts.

PLC Ultima is based on the Litecoin blockchain, which at this stage of the game is a bit like going for the tortoise over the hare – it might not be fast, but it gets there. PLC Ultima says that both itself and Litecoin are characterized by network stability, transparency, and high transaction processing speed, with the option of using the Segregated Witness protocol upgrade if they’re feeling a little recherché.

Rigel Protocol Auto-Period Feature (May 24)

Decentralized blockchain protocol Rigel Protocol launches its ‘auto-period’ feature on Tuesday, which enables users to create automated trades on its DEX. Rigel has been building up to the auto-period launch for a couple of weeks on social media, so they’re clearly very excited about it, and it’s not hard to see why – the new feature allows automated execution of buy/sell orders on its platform, allowing you to spread trades over a period of time and schedule trades, adding convenience to decentralized trading and reducing the high expenses of market making.

This is something that not many DEXs do, at least not to this level, so it will be interesting to see it in action from Tuesday.

For more information on Rigel Protocol and its novel auto-period feature, click here.

Kava Network 1.0 Mainnet Launch (May 25)

If you were around in 2017 you’ll know that ‘mainnet’ was a big deal, and Kava fans get to experience this too, with the launch of Kava’s mainnet on Wednesday. Kava blockchain will become the Cosmos co-chain, while the currently in-development Ethereum co-chain will launch with the Kava mainnet upgrade. Both co-chains will be interoperable, allowing developers to work in both the EVM and Cosmos environments.

Kava launched in 2019 as a cross-chain DeFi platform offering collateralized loans and more, and having been on Ethereum since then have finally realized it’s as clogged as a London sewer, and have shifted to Cosmos. They won’t be the last, that’s for sure.

For more details on the mainnet launch, click here.

Disrupt DeFi Summit (May 27)

This week also sees the Disrupt DeFi Summit take place at the Puerto Rico Convention Center in…checks…Puerto Rico. The summit, which focuses on harnessing technology, innovation, and entrepreneurship, features speakers from the world of banking, NFTs, Web 3, and more all joining attendees to help the next generation of thought leaders, developers, designers, digital marketers, and entrepreneurs learn new skills, advance in their jobs, and pursue their dreams. All in one day? Crikey.

This is the first Disrupt DeFi conference that has taken place, and with the space set to continue its incredible growth charge in the coming years we could see it expanding further in the years to come.

For more info on the conference, click here, and if you live in or near Puerto Rico and you’re free on Friday, grab your ticket today!

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