Day: November 16, 2023

PancakeSwap Unveils Web3 Gaming Platform, Boosting CAKE’s Bullish Narrative after Descent 132% Breakout in One Month

PancakeSwap has called on web3 gamifi developers to join Pancake Protector and Pancake Mayor in engaging its vibrant 1.5 million potential monthly players. PancakeSwap Finance (CAKE), a vibrant web3 ecosystem that was initially built on BNB Chain but grew to a multichain project, has introduced its PancakeSwap Gaming marketplace for both developers and gamers. According to the announcement, the PancakeSwap Gaming Marketplace will cater to gamifi developers by providing a platform to effortlessly build their projects and get exposure to a vibrant community. Additionally, the PancakeSwap Gaming Marketplace will offer…

Blockdaemon among founders of BSN Spartan Network governing body

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The Singapore-based BSN Foundation, a global blockchain infrastructure organization, officially announced its launch with five international founding members on Nov. 16. BSN’s founding members include the institutional digital asset wallet Blockdaemon, the blockchain infrastructure automation platform Zeeve, the digital asset creation platform Toko and tech firms GFT Technologies and Red Date Technology. The newly formed BSN Foundation will serve as the governing body of the BSN Spartan Network, a public infrastructure network based on the open-source BSN Spartan data center software. The foundation’s launch marks one of the most significant…

Infura Network Partners with Microsoft and Other Top Tech Firms to Create Decentralized Web3 Infrastructure

Andrew Breslin clarified that the idea was more about the numbers than the big-name firms that it appears Infura had targetted. Infura, the Web3 infrastructure firm from Consensys, has just entered into multiple partnerships with Microsoft and Tencent. The move, which appears to be in line with its vision of achieving progressive decentralization, also saw it tap 16 other Web2 giants alongside the leading technology giants. Infura to Launch a DIN Infura announced the partnership during a Decentralized RPC Summit in Istanbul on Wednesday. According to the announcement, it will…

Avalanche (AVAX) Price Shoots by Staggering 25% amid JPMorgan and Citi Embrace

As part of the partnership, the LayerZero Labs to connect Onyx with a permissioned Avalanche Evergreen Subnet, enabling seamless subscriptions and redemptions for funds offered by WisdomTree Prime. As the altcoin market buzzes with strong activity, Avalanche’s native cryptocurrency AVAX has registered a staggering 25% gain in the last 24 hours, with its price surpassing $22.57. The latest AVAX price rally comes on the backdrop of strong developments within the Avalanche ecosystem. In a groundbreaking move, Onyx by JPMorgan and Apollo Global have announced a collaborative venture under Project Guardian. This…

Bitcoin Sees 6% Rise and Heads to $38K as SOL and AVAX Record Double-Digit Spikes

Bitcoin and altcoins climbed over the last 24 hours, with a 6% rise in the king coin, and larger increases in altcoins. Bitcoin recorded a nearly 6% rise from yesterday, currently trading at nearly $37,600 as of this writing. The king coin’s jump is interesting, considering it fell below $35,000 on Tuesday. At some point during the day, Bitcoin hit $37,725.09. Altcoins Follow Bitcoin Rise Gaining Double Digits Bitcoin’s rise spread to altcoins, as ETH has jumped more than 4.%% to $2,065, while BNB and XRP also recorded increases, pulling in…

Litecoin Sustains 4-Month Run With 37% Gain, Beating Its Peers

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With its latest break above the $74 barrier, Litecoin (LTC) is showing encouraging signs of a breakout into the bull market. Increased transaction activity from miners and major investors in cryptocurrency is fueling expectations of an upward trend and suggests that a huge price spike is imminent. At the time of writing, the price range for LTC is $61.50 to $74.50, up 3.5% in the last 24 hours, figures by crypto market price aggregator CoinGecko show. The crypto has so far been able to hold its ground and sustain a…

Commerzbank Obtains Crypto Custody License in Germany

Commerzbank applied for a crypto custody business license with BaFin back in April 2022. It has become the first bank to win approval in Germany. One of Germany’s leading banks Commerzbank AG (CBK-DE: XETRA) has been granted a crypto custody license by the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator. Now Commerzbank is officially allowed to provide digital asset services, becoming the first ‘full-service bank’ to receive such a license. According to Commerzbank, it plans to ‘establish a secure and reliable platform with full regulatory compliance to support its institutional…