Day: June 8, 2023

Ankr–Microsoft partnership continues with blockchain creator tool debut

On June 8, decentralized blockchain infrastructure provider Ankr announced the launch of its enterprise blockchain creator tool on Microsoft’s Azure Marketplace. Dubbed “AppChains,” the solution will enable companies to quickly launch a dedicated and customizable blockchain to power various Web3 strategies. Developers can deploy the Polygon Supernet on its first iteration, with more choices thereafter. According to Ankr, AppChains has been available for a year with use in launching application-specific blockchains to power their decentralized applications. However, Ankr’s developers said they are witnessing strong demand from institutional clients for using…

Avail Blockchain Releases Phase 2 of Kate Testnet

On the testnet, users can participate and contribute to the Avail network in multiple ways. They can acquire AVL testnet tokens to test staking and nomination functions, create modular blockchain applications or chains that publishes data to Avail, and join the testnet as validators or light clients, allowing them to verify data availability. Source link

Bitcoin traders weigh next move with BTC price at crucial 200-week trendline

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Bitcoin (BTC) cooled the volatility into the June 8 Wall Street open as market participants waited for signals. BTC/USD 1-hour candle chart on Bitstamp with 200WMA. Source: TradingView BTC spot clings to 200-week moving average Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling a key long-term trend line near $26,500. After flash volatility surrounding industry news events, the pair returned to sideways trading after bouncing from three-month lows. Now, the 200-week moving average (WMA) formed a critical focus. “We are currently sitting right on the 200WMA,” trading suite…

EU to use blockchain for educational and professional credential verification

The European Commission has made moves to implement blockchain technology to transform the way educational and professional credentials will be verified across borders. In an announcement on June 7, the Web3 and blockchain solutions provider Protokol revealed a collaboration with the EBSI Vector project, which is an EU-funded project creating a decentralized framework for cross-border verification. The project will use blockchain technology to develop the forthcoming credential verification solution, which aims to simplify the process for EU citizens to have their credentials recognized and accepted in different countries. Lars Rensing…

Meta Soon to Bring Broadcasting Tool ‘Channels’ for WhatsApp

WhatsApp Channels will function as a one-way broadcast tool allowing admins to send photos, texts, videos, stickers, and polls. Facebook parent Meta (NASDAQ: FB) has recently confirmed that it will soon debut its broadcasting feature Channels for its most-popular messaging service WhatsApp. Speaking on the development on Thursday, June 8, Meta said that the new Channels feature is similar to a “private broadcast service” wherein individuals and organizations can send messages as well as updates to followers which are different from the kinds of interpersonal communications that happen between WhatsApp users.…

How low can BNB price go?

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The market capitalization of BNB (BNB) has dropped by more than $7 billion since June 5, when the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance. BNB price eyes technical bounce The impact of the SEC lawsuit on Binance has been substantial so far, with BNB down nearly 15% week-to-date. BNB daily market capitalization. Source: TradingView On June 6, the SEC requested the U.S. District Court for the District of Columbia to freeze Binance’s U.S. assets worldwide. The order, if passed, will likely force the exchange…

Australia’s Commonwealth Bank to Partially Restrict Payments to Crypto Exchanges

“With the incidences of scams increasing and in many cases customers suffering significant losses from being scammed, the introduction of 24 hour holds, declines and limits on outbound payments to cryptocurrency exchanges will help reduce both the number of scams and the amount of money lost by customers,” James Roberts, Commonwealth’s general manager of fraud management, said. Source

regulation and AI discussed at Money20/20

In an era marked by rapid digitalization, Tales From the Crypto, a panel at the Money20/20 event held today, offered deep insights into the emerging trends of crypto investments and the regulatory landscape. Steve McNew of FTI Consulting helmed the discussion, elucidating how digital asset custody platforms navigate the intriguing intersection of web2 and web3. Bridging the investment divide Martin Dave, co-founder of Palisade, a digital asset custody platform based in the UK and France, led the conversation. Palisade is a frontrunner in bridging the gap between traditional investments and…