Day: November 29, 2023

Forbes to Launch Under 30 List on Ethereum Blockchain to Permanently Record Data

The Forbes Under 30 List, including all categories and individual profiles are available on the Ethereum blockchain for permanence. Forbes has announced the launch of its annual Under 30 list on the Ethereum blockchain. The announcement represents news of the first time a publication like this is launching on the blockchain and is a pointer to the potential of using blockchain technology to permanently store published data. Forbes is doing this to ensure that all of the achievements under the individual belts of the highlighted persons are permanently recorded on the blockchain.…

Wormhole raises $225M at $2.5B valuation

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Cross-chain protocol Wormhole has secured a $225-million investment at a valuation of $2.5 billion. According to the Nov. 29 announcement, the investment round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital and Arrington Capital. The Wormhole Foundation also announced the launch of Wormhole Labs, which the company said “is an independent technology company that specializes in building products, tools, and reference implementations that help grow cross-chain activity and development.” Currently, its blockchain-to-blockchain communications technology is used to bridge assets, power oracle data feeds,…

Investment Firm Republic to List Profit-Sharing Digital Security Token on INX Next Week

“The Republic Note’s listing is not just a milestone for Republic – it represents a shift in the landscape of private equity,” co-founder and CEO Kendrick Nguyen said in a statement. “Owning even one Republic Note can unlock an important new level of accessibility, transparency, and liquidity to private equity.” Original Source DigitalFirmInvestmentINXListprofitsharingRepublicSecurityTokenWeek CryptoX Portal

BNB Chain’s opBNB Developers Target 10,000 TPS in New Roadmap

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Smart contract audits & cybersecurity – Cointelegraph Magazine

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Every day this week we’re highlighting one genuine, no bullsh*t, hype free use case for AI in crypto. Today it’s the potential for using AI for smart contract auditing and cybersecurity, we’re so near and yet so far. AI artwork for the ChatGPT written TurboToad memecoin. (Twitter) One of the big use cases for AI and crypto in the future is in auditing smart contracts and identifying cybersecurity holes. There’s only one problem — at the moment, GPT-4 sucks at it. Coinbase tried out ChatGPT’s capabilities for automated token security…

Poloniex prepares to resume withdrawals after $100M hack

Cryptocurrency exchange Poloniex is preparing to resume withdrawals and deposits after suffering a $100 million hack on Nov. 10. Poloniex took to X (formerly Twitter) on Nov. 29 to announce that it will be gradually resuming deposit and withdrawal services on Nov. 30 at 02:00 am UTC. The crypto exchange stressed that it will implement a phased resumption of the services to “prioritize the safety” of user funds. Poloniex will specifically start restoring Tron (TRX) deposits and withdrawals first, followed by Bitcoin (BTC), Ether (ETH), Tether (USDT) and other cryptocurrencies…

Philippines Financial Regulator Cracks Down on Binance for Unauthorized Crypto Operations

Even though Binance acts as an approved broker in some places overseas, it still has to meet many legal requirements to handle securities activities in the Philippines under the country’s Securities Regulation Code. The Philippine Securities and Exchange Commission (SEC) has greatly increased its regulatory fight against the global crypto trading giant Binance. The SEC accused the crypto exchange of illegally operating in the country without licenses. In a recent notice, the Philippine SEC clearly stated that Binance does not have official permission to sell investments or securities to average…

Dogecoin To Double Its Price If This Barrier Breaks, Analyst Predicts

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An analyst has explained how Dogecoin breaking the $0.087 barrier could open the path to DOGE price levels nearly double the recent ones. Dogecoin Has Three Important Lines Converging At $0.087 Right Now In a new post on X, analyst Ali has discussed what the weekly chart of DOGE is looking like right now in terms of some important historical lines. In particular, the levels of interest here are the 100-week EMA, 200-week EMA, and 0.786 Fibonacci. A “moving average” (MA) refers to an analytical tool that calculates the mean…

Reddit Prepares to Go for IPO in Q1 2024 at $15B Valuation

Reddit initially filed for an IPO in December 2021 and was expected to make its public debut the following March. For the umpteenth time, the popular social media platform Reddit is reportedly getting set to make its public debut. This follows after a recent Bloomberg report confirmed that the firm has made reasonable progress in that regard. Per Bloomberg, Reddit is currently in talks with potential investors and its Initial Public Offering (IPO) could happen as early as the first quarter (Q1) of 2024. And when it does go public,…

Franklin Templeton Refiles Its Updated Bitcoin ETF Application

The revised proposal allows the ETF to utilize both in-kind and cash mechanisms. The ETF plans to store Bitcoin in cold storage, with custody services provided by Coinbase Custody Trust. Franklin Templeton has submitted an updated S-1 filing to the Securities and Exchange Commission (SEC), seeking approval for the launch of a Bitcoin exchange-traded fund (ETF). This move comes shortly after the SEC decided to postpone the consideration of the previous proposal. The Franklin Bitcoin ETF shall list on the New York Stock Exchange’s Arca platform, mirroring the performance of…