Month: September 2022

Axelar, Mysten Labs partner on cross-chain communication for super dApps

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The Proof-of-Stake (PoS) blockchain Axelar and infrastructure company behind Sui blockchain, Mysten Labs, disclosed a partnership on Tuesday to deliver cross-chain communication for developers through General Message Passing, aiming to advance the prospect of a “super dApp”. Integration is expected to be completed before the end of the year. The collaboration will enable dApps built in Move — Mysten’s programming language — to call any function on any external chain. According to the companies, developers will be able to provide users with the ability to “’tap in’ with whatever token,…

Coinbase pauses Ethereum transactions

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #coinbase #ethereum Coinbase will pause deposits and withdrawals of Ethereum and Ethereum-built cryptocurrencies during the cryptocurrencies merge and transition from proof-of-work to proof-of-stake. This segment aired on August 16, 2022. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With…

Celsius Network CEO Alex Mashinsky Resigns

“I elected to resign my post as CEO of Celsius Network today,” said Mashinsky. “Nevertheless, I will continue to maintain my focus on working to help the community unite behind a plan that will provide the best outcome for all creditors – which is what I have been doing since the Company filed for bankruptcy,” he added. Source

Bitcoin supera los US$20K mientras los futuros de las acciones suben y el dólar se estanca

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La libra, en particular, cayó el lunes a un mínimo histórico de US$1035, ya que el plan del gobierno de implementar los mayores recortes de impuestos en 50 años al tiempo que impulsa el endeudamiento y gasto público en medio de la alta inflación asustó a los inversores. El yuan chino cayó a 7 por dólar, el valor más bajo desde mayo del 2020, y despertó el temor por una caída en el suministro de materias primas a nivel global. Original

Mature Bitcoin Wealth Taps an All-Time High — Diamond Hands Trend Highlights ‘Refusal to Spend’ – Featured Bitcoin News

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After bitcoin neared $25K roughly 44 days ago, the crypto asset’s price has lost more than 17.88% in value against the U.S. dollar. Onchain analysis from researchers at Glassnode details that the price drop has placed short-term holders into “severe unrealized loss.” Long-term holders, on the other hand, are holding strong and Glassnode researchers say numerous metrics are “displaying a full cycle detox.” Long-Term Bitcoin Holders Hold Tight The crypto bear market continues to plague short-term holders, according to a recent onchain newsletter written by Glassnode and Ukuria On-Chain. While…

Nexo acquires stake in US chartered bank

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Digital asset lending platform Nexo has purchased a stake in a holding company that owns a federally chartered bank in the United States — a move Nexo said will enhance its ability to serve retail and institutional clients.  Nexo disclosed Tuesday that it had acquired a stake in Hulett Bancorp, a holding company that owns the federally chartered Summit National Bank, which is regulated by the Office of the Comptroller of the Currency. The terms of Nexo’s acquisition and its ownership stake in Hulett Bancorp were not revealed. The acquisition…

Jack Mallers’ Crypto Payment Firm Strike Raises $80M

“Enabling a cheaper, faster and open payment network with some of the biggest financial institutions in the world isn’t fast and easy, but it’s happening. Every company that’s in the business of moving money is interested in superior payments, and we’re in talks with many of them. It doesn’t get any bigger and more exciting than innovating in payments for the betterment of the world,” Mallers said. Source