Day: April 26, 2023

Ripple’s XRP Token Plummets to $.001 on Bitrue Exchange, Leaving Traders Bewildered

boss

Ripple’s XRP token momentarily plummeted to $0.001 on the Bitrue cryptocurrency exchange today. The sudden decrease in value has caught the attention of many in the industry. The unexpected decline of XRP has resulted in all traders and investors on the Ripple network experiencing an abrupt liquidation of their investments. This sudden fluctuation in value has raised questions about the cause of the drop. Some speculate that it was due to a technical glitch, while others suggest it could be a problem with the exchange itself. Bill Morgan has claimed…

Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche

boss

Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had to deposit their coins with a Circle partner or use a third-party bridge to transfer their USDC from one network to the other. The new Cross-Chain Transfer Protocol (CCTP) protocol appears to do away with this need for USDC bridges. The team released a video on April 13 showing how the new protocol…

Productization of Web3: Barriers to enterprise adoption

boss

Web3 has the potential to drive an equitable and decentralized internet. It can also drive exponential business models and unlock new revenue streams for enterprises. While Web3 is gaining adoption and scaling in enterprises, its productization at scale has several barriers. Many enterprises view Web3 as a nuance they must come to terms with, while others view it as innovative and disruptive. Layer-1 blockchains consider it a solution to everything in the world and the media considers it a hype of a lifetime. There is some hype and truth in…

LG Energy Solution Posts Q1 2023 Results Sees Profits Swell More than Double

The US Inflation Reduction Act propelled LG Energy Solution to an astounding income haul in its Q1 2023 results.  LG Energy Solution Ltd recently posted its Q1 2023 earnings, revealing a more than double profit haul. For the first quarter of the year, the Seoul-based battery company posted a 145% jump in profit and a 101% revenue rise to 8.7 trillion won. LG Energy Solution’s reported operating profit for the year’s first three months was 633 billion won (S$633.1 million). A year ago, the company realized a much smaller haul…

Bitpanda and Raiffeisen Unit Partner to Offer Crypto for Banking Customers

CryptoX – Cryptocurrency Analysis and News Portal “Examination of the partnership with Bitpanda aims to add an innovative, secure aspect to our product range and to enable all customers to easily accumulate wealth,” said a statement by Michael Höllerer, General Director of Raiffeisenlandesbank NÖ-Wien, which groups the bank’s operations in the Austrian capital and surrounding region. Source The post Bitpanda and Raiffeisen Unit Partner to Offer Crypto for Banking Customers appeared first on CryptoX. CryptoX Portal

BTC Moves Back Above $29,000, After Customers Withdraw $100 Billion From First Republic Bank – Market Updates Bitcoin News

boss

Bitcoin was back above $29,000 on Wednesday, as markets continued to react to concerns over First Republic Bank. It was reported that customers withdrew around $100 billion in deposits from First Republic in March. Ethereum was also higher on the news, climbing back above $1,900. Bitcoin Bitcoin (BTC) rebounded strongly on Wednesday, as markets reacted to the news that deposits in First Republic Bank fell by $100 billion last month. BTC/USD surged to a peak of $29,121.97 earlier in today’s session, following a low of $27,217.17 the day before. This…

Pony.ai Receives Authorization to Operate Driverless Robotaxi Services in Guangzhou, China

Pony.ai is the first and only company to receive such a permit in Guangzhou. Software company Pony.ai has received a permit to operate its driverless robotaxi services in Guangzhou city of China. The startup, which is backed by Toyota Motor Corp., now has the authorization to offer its service in the Chinese city. The vehicles will have no safety operator nor human beings in the driver’s seat, as Pony.ai provides full driverless robotaxi services in Guangzhou. Pony.ai began driverless testing in the city in June 2021, meaning it has almost…

Decentralized Exchange Vertex Launches on Ethereum Layer 2 Arbitrum (ARB) Blockchain

boss

Vertex, which had been operating on a test network, combines an off-chain order book layered on top of an on-chain automated market maker on a decentralized, self-custodial exchange. The firm, which has bases in Singapore and the Cayman Islands, counts Jane Street, Dexterity Capital, Hudson River Trading, GSR, Collab+Currency, JST Capital, Big Brain and Lunatic Capital among its early backers. Source