Dymension(DYM)

As of Wednesday morning, validator “Big Brain Staking” holds over 35% of staked DYM tokens – attracting criticism from DYM holders for its large network influence.

DYM has soared by 25% in the past 24 hours and has entered the top 90 alts by market cap.

Bitzlato's temporary withdrawal suspension comes a few weeks after its co-founder, Anatoly Legkodymov, pleaded guilty to money laundering charges.

Anatoly Legkodymov, the co-founder of virtual currency exchange Bitzlato, pleaded guilty to a criminal charge in the US. Legkodymov was arrested in January and was accused of processing about $700 million in illicit funds.

Anatoly Legkodymov, a co-founder of Hong Kong-based crypto exchange Bitzlato, pleaded guilty to operating an unlicensed money transmitter. Bitzlato was sanctioned by the U.S government in January.

Dymension, the startup building out an interconnected network of modular blockchains called RollApps, will launch its incentivized testnet by the end of this month, enabling developers to interact with its IBC-compatible rollups for the first time and start building more scalable dApps. Using the testnet, developers will be able to deploy RollApps easily using Dymension’s command line tool Roller. The startup said the deployment of its testnet was made possible by a collaboration with the data-focused networks Avail and Celestia, and enables builders to create their first RollApps using customizable virtual machines including the Ethereum Virtual Machine. Dymension is all about bringing scalability to the Web3 world through the use of application-specific rollups, which are based on the same scaling technology that’s used by so-called Layer-2 networks like Polygon, Avalanche, Fuel and Boba Network. What’s different about Dymension’s RollApps is that they’re the only one of their kind that provide full compatibility with IBC and the Cosmos ecosystem out of the box. They’re also data-agnostic thanks to their ability to connect to any data availability network. Although Dymension is competing in a very competitive niche, the potential of its technology is widely regarded. Earlier this year, the startup was able to raise $6.7 million in a funding round led by Big Brain Holdings and Stratos, with participation from DraftKings’ Shalom Meckenzie and DAO matchbox. Dymension has ambitions to accelerate Web3’s growth by helping developers to shift away from Ethereum and its scaling constraints. Dymension’s incentivized testnet follows the successful implementation of its devnet in June, where more than 500 RollApps were deployed by early adopters. Each of those RollApps is connected to the Dymension Hub to provide a secure and reliable bridge to the IBC ecosystem. With RollApps, the task of achieving consensus is delegated to Dymension Hub, paving the way for highly secure and super-fast blockchains with a sub 0.2 seconds transaction finality. The Dymension Hub handles all aspects of interoperability, vastly simplifying the process of interacting with RollApps to enable more cost-effective and scalable dApps. Its biggest impact comes in terms of reducing the infrastructure costs associated with the deployment of dApps, Dymension said. Following the success of the devnet, Dymension says it’s confident that it can attract even more interest in its RollApps from the wider Cosmos and Ethereum ecosystems due to its unique status as the only rollup provider that offers IBC as a bridge. When the testnet launches, users will be able to interact with RollApps through the Dymension Portal, which is its primary web interface. From the portal, users can view various ecosystem statistics and bridge over IBC using the MetaMask wallet. Dymension said all RollApps deployed on the testnet will publish their data to Avail and Celestia, with Cosmos and Ethereum to be added in a future update. In addition, Dymension supports a choice of VMs, including EVM, CosmWasm and others. This overcomes another key limitation for developers, who have traditionally always had no choice but to use the standard VM of the ecosystem they’re building in. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Dymension, the startup building out an interconnected network of modular blockchains called RollApps, will launch its incentivized testnet by the end of this month, enabling developers to interact with its IBC-compatible rollups for the first time and start building more scalable dApps. Using the testnet, developers will be able to deploy RollApps easily using Dymension’s command line tool Roller. The startup said the deployment of its testnet was made possible by a collaboration with the data-focused networks Avail and Celestia, and enables builders to create their first RollApps using customizable virtual machines including the Ethereum Virtual Machine. Dymension is all about bringing scalability to the Web3 world through the use of application-specific rollups, which are based on the same scaling technology that’s used by so-called Layer-2 networks like Polygon, Avalanche, Fuel and Boba Network. What’s different about Dymension’s RollApps is that they’re the only one of their kind that provide full compatibility with IBC and the Cosmos ecosystem out of the box. They’re also data-agnostic thanks to their ability to connect to any data availability network. Although Dymension is competing in a very competitive niche, the potential of its technology is widely regarded. Earlier this year, the startup was able to raise $6.7 million in a funding round led by Big Brain Holdings and Stratos, with participation from DraftKings’ Shalom Meckenzie and DAO matchbox. Dymension has ambitions to accelerate Web3’s growth by helping developers to shift away from Ethereum and its scaling constraints. Dymension’s incentivized testnet follows the successful implementation of its devnet in June, where more than 500 RollApps were deployed by early adopters. Each of those RollApps is connected to the Dymension Hub to provide a secure and reliable bridge to the IBC ecosystem. With RollApps, the task of achieving consensus is delegated to Dymension Hub, paving the way for highly secure and super-fast blockchains with a sub 0.2 seconds transaction finality. The Dymension Hub handles all aspects of interoperability, vastly simplifying the process of interacting with RollApps to enable more cost-effective and scalable dApps. Its biggest impact comes in terms of reducing the infrastructure costs associated with the deployment of dApps, Dymension said. Following the success of the devnet, Dymension says it’s confident that it can attract even more interest in its RollApps from the wider Cosmos and Ethereum ecosystems due to its unique status as the only rollup provider that offers IBC as a bridge. When the testnet launches, users will be able to interact with RollApps through the Dymension Portal, which is its primary web interface. From the portal, users can view various ecosystem statistics and bridge over IBC using the MetaMask wallet. Dymension said all RollApps deployed on the testnet will publish their data to Avail and Celestia, with Cosmos and Ethereum to be added in a future update. In addition, Dymension supports a choice of VMs, including EVM, CosmWasm and others. This overcomes another key limitation for developers, who have traditionally always had no choice but to use the standard VM of the ecosystem they’re building in. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

J’JO launches CCi30-based investment service to make investing in crypto easier and safer for beginners and pros. Here’s how it works. Global crypto ownership rose by 39% last year, going from 306 million to 425 million. While this steady influx of users is a positive sign for the crypto industry, it also calls for simpler services that are ready to cater to new, less tech-savvy audiences. Index investing, after setting a strong track record across traditional finance, has recently become available in crypto markets as well, thanks to crypto index investing platforms like J’JO. Crypto-based indices work similarly to traditional index funds—i.e., they track multiple cryptocurrencies at once. By bringing index investing to crypto, J’JO aims to make crypto investing more accessible and safer. It seeks to improve financial planning by giving users access to good investments, even without in-depth market knowledge or experience. The Rising Demand for Simplicity Crypto assets present novel investment opportunities across market segments, from digital currencies to real estate and luxury items. But this also implies a greater need for education, accessibility, and above all, ease of use. Most retail users putting their money in nascent crypto assets have little or no prior experience. Especially because investing in crypto is often radically different from using traditional instruments. Though the basic principles remain unchanged, getting acquainted with crypto markets involves a steep learning curve. Yet, the rising demand for accessible solutions remains unanswered while investors lose money and generate suboptimal returns. While there are many traditional finance platforms that offer retail investors the tools to make investing simpler, the crypto industry is still catching up with such tools that can optimize investments for the best results. Some cryptocurrency platforms and exchanges have been offering relevant services for some time. But these tools have flaws in their positioning and are mostly hidden from users. J’JO was developed to fill this gap by meeting the demand of cryptocurrency users for a clean and simple but powerful investment management platform. The idea was developed in 2020, although the team delayed the launch due to uncertain market conditions. J’JO Investment Service was launched for public use this month Cryptocurrency Index Investing for Everyone J’JO is a cryptocurrency index investing platform with an intuitive and hassle-free interface for a superior user experience. It leverages the CCi30 index principles formulated in 2017 by leading mathematicians like CS&P President, Carlo Sevoly, and Temple University and Regis professor, Igor Riven. The platform combines traditional wisdom and expertise with innovation to ensure the best possible tracking of crypto markets. Its flagship index, JJO35, is based on the top 35 cryptocurrencies by market capitalization, enabling users to start their crypto investment journey in under five minutes, with only a few clicks. Combined with customized rebalancing and asset tracking settings, JJO35 allows users to invest in cryptocurrency markets with ease, security, and optimal returns. As J’JO is licensed to serve across 200 countries, users from almost anywhere in the world can use the platform. Besides, the platform supports multiple conventional payment methods like VISA and Mastercard, besides various local payment services. This level of interoperability ensures wide access to its user-friendly solution for readymade index investing, financial planning, and risk diversification. The J’JO service also allows more experienced investors to create their own indices to use their favorite coins. Thus, J’JO literally makes crypto investing easier and more accessible for everyone who does not have enough knowledge and experts. Putting Investors First — How J’JO Works The J’JO Investment Service is a non-custodial platform ensuring investors are in full control of their funds. Users can start using J’JO by simply connecting their existing exchange accounts, which is possible in almost real time. The platform then manages investor portfolios using exchange APIs, whereby the algorithm can analyze and rebalance funds but not withdraw them. It automatically sells assets that drop off the top-35 list due to lower capitalization and adds new growth leaders to the portfolio. This eliminates the hassle of tracking assets and rebalancing funds manually while keeping investors in control. Users can access J’JO’s services without any subscription for deposits up to $500. Beyond that, they can get a single monthly subscription for $14.99 for a portfolio of any size. However, it’s noteworthy that J’JO, like any other market-driven solution, cannot predict future outcomes with 100% accuracy and thus cannot “guarantee” profits. To make the most of J’JO, investors must use it with reasonable expectations and a basic understanding of the risks involved in a dynamic industry like crypto. J’JO isn’t a tool for short-term speculative trading but a means to long-term investments and financial planning. Eliminating guesswork using innovative software is among its main goals, which ultimately leads to sustainable adoption of crypto assets and growth for investors. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Dymension raised around $7 million in a private round earlier this year.