The Soroban deployment began on the Stellar mainnet on February 20, and was successfully completed on March 19, the blockchain network's developers reported. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Soroban deployment to Stellar completes
📍The Stellar Foundation reported the deployment of Soroban on the mainnet has been successfully completed. On March 19, the blockchain network’s developers reported that Stellar’s smart contract platform, Soroban, is now live on the mainnet, so any builder can start “creating, deploying, and interacting with decentralized applications (dapps)” based on the network.
The Stellar Foundation also announced the launch of a $100 million fund in order to encourage development in the Stellar ecosystem.
According to release, these resources will be invested in projects that take advantage of the new smart contract capabilities of the blockchain network. The Foundation seeks to accelerate Stellar's innovation not only in the payments and financial services space, but also in other areas where blockchain technology has great disruptive potential.
214.246 BTC held in MicroStrategy treasury
📍MicroStrategy has added 9.245 new bitcoins to its corporate treasury. The Bitcoin business intelligence and software development company announced the purchase of a new batch of Bitcoin, bringing its holdings of the cryptocurrency to a total of 214.246 BTC.
As is customary, Michael Saylor, executive president of the company, went to X (formerly Twitter) to inform the crypto community of his new acquisition.
The purchase of these new bitcoins takes place a few days after a $525 million private offering of convertible notes was announced. However, according to Saylor's announcement, MicroStrategy invested a total of $630 million in purchasing these new bitcoins.
With current holdings, MicroStrategy now owns just over 1% of the circulating Bitcoin supply on the market.
Artificial Intelligence merges with the Bitcoin network
📍Developer punk3700 told CoinDesk that a project will soon be launched that will allow users to create AI models on the Bitcoin network. According to the specialized media, Bitcoin's Layer2 project, Bitcoin Virtual Machine (BVM), is about to launch a new platform that will allow users to implement Artificial Intelligence models for use in network-based blockchain applications.
The new platform will integrate a function called “Truly Open AI” with which users will be able to launch AI models.
According to the developer, this new feature will have a greater impact on the market-leading blockchain than Ordinals. In addition to this, he indicated that he has been working with the Filecoin, Near Protocol, Avail, Polygon Network and Syscoin networks to provide storage layers for AI models in Bitcoin.
Bitcoin price corrects, AllianceBernstein sees opportunity
📍Bitcoin price has corrected 11% from its current all-time high. However, rather than being pessimistic, analysts at AllianceBernstein are seeing a buying opportunity.
In a note sent to its clients, the global asset management firm highlighted that the market is presenting a buying opportunity with the price correction of Bitcoin, whose value has fallen close to $9.000 per BTC, since reaching its current ATH. of $73.750 dollars, on March 14. According to analysts, this is a “temporary buying” opportunity before the halving arrives.
At the time of writing this article, Bitcoin is trading around $65.000 per unit.
Continue reading: CBDC: 134 countries are developing a digital currency
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