Month: April 2022

Cardano Foundation and The University of Zurich expand academic blockchain research

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Non-profit organization Cardano Foundation has announced a three-year collaboration with the Blockchain Center of the University of Zurich (UZH BCC) to further research initiatives and explore blockchain education development.  Through the partnership, the foundation will work with the Blockchain and Distributed Ledger Technologies (BDLT) Group at the University of Zurich to explore research topics like the efficacy of consensus protocols and analyze attack vectors specific to Ouroboros, among many others.  The University of Zurich. Source: www.uzh.ch According to Cardano Foundation CEO Frederik Gregaard, the partnership allows the foundation to provide…

Parallel Finance Doubles Valuation in $5M Funding Round

Parallel Finance is interested in working with strategic investor Coinbase on its ecosystem expansion and software plans, Ruan said. The protocol also plans to build on StarkWare’s StarkNet, a layer 2 “scaling” product that addresses Ethereum’s issues of slow speed and high transaction fees. Section 32, the venture capital firm, may help bring potential partners to the table as Parallel Finance moves to invest more in Web 3 projects. Source

What Elon Musk’s investment could mean for Twitter’s crypto plans

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Whenever Elon Musk does something on Twitter, the crypto market moves in response. Publishing a tweet, changing his profile picture or adding “#Bitcoin” on his bio affects the markets — the latter even more so, sending Bitcoin (BTC) price up by 20%. This is why the community lies in anticipation of what Musk‘s Twitter investment could mean for the crypto industry. Recent filings show that Tesla CEO Elon Musk purchased a 9.2% stake on Twitter. This makes him the largest stakeholder in the platform. The news instantly pumped Twitter shares…

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FTX Takes Stake in Stock Exchange IEX to Strengthen Crypto Markets

“With this investment, we’re aligned with one of the most trusted and innovative companies in equities markets,” FTX CEO Sam Bankman-Fried said in the statement. He added the two companies will “collaborate on the further establishment of crypto market structure and work closely with regulators, allowing institutions around the world to enter the marketplace seamlessly.” Source

DeFi Protocol EverRise Introduces New Utility for On-Chain NFTs – Sponsored Bitcoin News

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sponsored EverRise, the blockchain technology company that brought the buyback to crypto, has upgraded to a new smart contract that supports VeNomics (vote escrowed token model) and on-chain utility NFTs. The upgraded EverRise protocol introduces increased security features and an innovative staking platform built with on-chain utility NFTs. The RISE token is available on Ethereum, BNB Chain, Polygon, Fantom, and Avalanche with one shared supply, made possible with EverRise’s bridging solution, EverBridge. With use of on-chain NFTs, staking contracts are now fully secured on the blockchain. Most NFTs today are…

FTX US to invest in IEX stock exchange to launch digital securities

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Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange (IEX), a U.S. national stock exchange. FTX US has signed an agreement to make a strategic investment in the IEX’s operator IEX Group to jointly establish a market structure for buying, selling and trading digital asset securities, the firm announced to Cointelegraph on Tuesday. IEX and FTX US expect to close the deal in May 2022, subject to customary closing conditions and regulatory approval. The new collaboration aims…