CryptoX – Cryptocurrency Analysis and News Portal LQTY, the native token of stablecoin lender Liquidity, has risen by 35% after being listed on Binance’s innovation zone. Original Source The post Stablecoin Lender Liquity's Token Rises 35% on Binance Listing appeared first on CryptoX. CryptoX Portal
The bank views cryptocurrencies that power smart contract-enabled blockchain platforms, on which developers can build applications, as growth assets exposed to the same risks as growth stocks. It notes that these cryptos, and small-cap liquid tokens, have led this year’s rally. Source
“The majority of today’s ETH staking protocols – which, even after Shanghai, will require node operators to voluntarily return stakers’ assets upon request – could pose a serious threat to the ETH ecosystem if they were to fail,” Hayes said in a statement to CoinDesk, referring to Ethereum’s Shanghai upgrade that’s due next month. “[Ether.fi] will enable stakers to maintain true custody of their own assets as part of its mission to eliminate staker, node operator, counterparty, and ecosystem risks across proof-of-stake networks.” Source
Several Japanese tech and finance giants have signed a document to create the Japan Metaverse Economic Zone, a multipurpose virtual universe that will have its base in a platform called Ryugukoku. The virtual world will allow these companies to share their technology with users as it lets them roam this role-playing-game-like world as online avatars. Japan Goes Big on Metaverse With Japan Metaverse Economic Zone Several Japanese tech and finance companies have kickstarted the launch of one of the biggest metaverse initiatives in Japan. On Feb. 16, JCB, Mizuho Financial…
In a recent interview, Stradall CEO Julien Couderc told us about the project and the development of the crypto gaming industry. Crypto gaming evolution has been very consistent over the past few years and one of the latest entrants, Stradall is looking at becoming the Sorare of crypto game trading cards. In a recent interview with the project’s co-founder and CEO, Julien Couderc, the true inspiration behind the development of Stradall has been revealed as well as the current vision dynamics for the emerging gaming outfit. Q: What makes Stradall…
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The firms are looking to create an interoperable metaverse structure called RYUGUKOKU (TBD). In a bid to advance the country’s Web 3.0 strategy, IT services company Fujitsu and other top Japanese technology firms are forming a coalition. The coalition is aimed at developing an infrastructure for an open metaverse in Japan. According to a press release by Fujitsu, the group will be made up of top tech firms like itself and some financial institutions. Fujitsu claims that it will partner with a total of nine other firms including automaker Mitsubishi…
Leading exchange Binance claims that the Forbes collateral report relates to its internal wallet management and is thus unfounded. Binance has hit back at the Forbes report that claims it quietly transferred $1.8 billion in client-backing collateral. According to the Forbes report, the prominent crypto exchange moved the stablecoin-backing funds without informing its customers. The Forbes report stated that Binance moved a significant chunk of the transferred customer funds ($1.1 billion) to Cumberland, the crypto trading arm of DRW Holdings LLC, a diversified trading firm based in Chicago. Binance’s chief strategy officer, Patrick…
Meta Platforms has created a new AI team dedicated to enhancing the experience of its social media services. Mark Zuckerberg recently announced that a new team at Meta Platforms (NASDAQ: META) is developing artificial intelligence (AI) products for Instagram and WhatsApp. Zuckerberg said this newly-created product group would focus on generative artificial intelligence. Generative AI is a new set of techniques that permit computers to replicate human output across various forms of media. This includes generating texts and drawing pictures. Referring to the product agenda by the new Meta AI group as “creative…
If the SEC finds that any cryptocurrency currently trading on Robinhood is a security, they will have to immediately drop off trading for that particular asset. In the latest development, Robinhood Markets received an investigative subpoena yesterday, February 27, from the US Securities and Exchange Commission (SEC) for the company’s crypto operations. As per the 10K filing, Robinhood received this subpoena back in December 2022, a month after crypto exchange FTX filed for bankruptcy. The subpoena talks about a number of different things such as “cryptocurrency listings, custody of cryptocurrencies,…