In addition to Router Chain, the team is also launching a token-bridging solution “that will offer increased security to Cosmos chains,” and “chains in the Cosmos ecosystem will be able to leverage the security of Ethereum and Bitcoin networks, reducing the inflation required to maintain security and making them more robust.” Source
Category: ICO
Blackbird, Web3 Startup From Resy Co-Founder, Wants Diners to Pay for Meals in Crypto
“Lower than typical credit card fees, which can be as high as 3.75%, restaurants on the Blackbird Pay network pay a flat fee of 2% per transaction, saving them money on every transaction,” Blackbird Labs explained in a statement shared with CoinDesk. “At the same time, Blackbird Pay enhances diners’ end of meal experience by enabling them to skip the dreaded ‘Let’s get the check’ moment and enjoy the magic of paying their check in-app at any point; so, they can leave whenever they’re ready, just like having an old-school…
BTC Slides as U.S. Government-Linked Selling Pressure Looms
Bitcoin has inched toward $66,000, paring all gains from last week, with sentiment dented as a significant amount of the asset was moved from U.S. government-linked wallets, raising concerns of looming selling pressure among traders. BTC lost as much as 5%, before slightly recovering, in the past 24 hours as the U.S. Marshals Service shifted $2 billion worth of BTC to two new wallets. Tracking service Arkham estimated that at least one of the wallets was likely to be a custodial service. Bitcoin was trading around $66,550 at the time…
Bank of England (BOE) Says It Wants to Carry Out a Series of WCBDC, DLT and Stablecoin Experiments
The bank said it will work with the Treasury, Payments Systems Regulator and the Financial Conduct Authority to also ensure the singleness of money is maintained even when stablecoins are involved. That is, making sure all forms of money – cash, bank deposits and so on – are interchangeable with each other. Source
COMP Token Rises as Whale Backs Down on Supposed 'Governance Attack' on Compound
A new staking product will be offered instead of what Humpy and the ‘Golden Boys’ initially proposed. Source
The Next Dogecoin? Kabuso’s Owner New Shiba Inu Dog Ends Up in NEIRO Memecoin Drama
Hundreds of Neiro, or Neiro-themed tokens, were issued on Solana token generator Pump Fun, with one quickly running to tens of millions in market capitalization. Later, some traders discovered that while the token at a $100 million capitalization was the most popular, another one was actually the first one to exist – shifting dynamics and causing a brief sell-off. Source
SEC Intends to Amend Complaint Against Third Party Tokens (Like SOL, MATIC) in Binance Case
Third-party tokens are digital assets issued by various companies apart from Binance, that were listed by the crypto exchange. The 10 tokens named in the complaint are SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI. The SEC alleged that these tokens are unregistered securities. Source
Ether ETFs Saw $340M of Negative Outflows in Their First Week
More than $1.5 billion of exits from Grayscale’s high-fee Ethereum Trust more than offset inflows into the other spot products. Source
One Trading Secures Regulatory Approval from Dutch regulator to Offer Crypto Derivatives Trading in Europe
“We are well positioned to introduce new regulated products and offer institutional-grade solutions to all customer types starting with BTC and ETH products where no onshore EU regulated venue currently exists,” Joshua Barraclough, founder and CEO of One Trading said in the press release. “This is just the beginning of our journey to redefine the landscape of digital asset and traditional security trading.” Source
Polymarket Whales Favor Trump as Election Betting Surges Past $400M
Trump’s bettors, however, seem to have more conviction: the top five holders of the ‘Yes’ side of Trump’s contract hold a collective 9.1 million shares, which will resolve to a pot of $9.1 million if Trump wins. Meanwhile, the top five holders of the ‘Yes’ side of the Harris contract have a total of 4.7 million shares. Source