Posted 1 minute ago In ~ Crypto custody company Copper on Thursday launched a new payments network for institutional clients involved in trading and holding digital assets.The platform, called Copper Network, is custodian-agnostic, scalable and private, and is what the cryptocurrency custody company said is an “industry first.”The digital asset company added that the new network will give a growing number of institutional clients the ability to settle OTC transactions with any counterparty, regardless of where they store their assets.Gateway to Institutional FinanceCopper founder and CEO Dmitry Tokarev said the new platform will allow the company to continue its ambition…
Author: Crypto Flexs
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A notable fact about Arbitrum is that it is the largest Layer 2 based on the key metric of “Total Value Locked” or TVL, which represents deposits locked in a particular network’s decentralized finance protocol. According to the L2Beat website, this figure for the Arbitrum One network currently stands at $8.4 billion, almost double the $4.6 billion for the second-place OP mainnet.
An attack on Ledger’s connector library could impact the entire Ethereum Virtual Machine (EVM) ecosystem. according to To the team at Linea, Consensys’ zero-knowledge rollup.Hackers targeted the Ledger connector library, which is designed to enable communication between Ledger hardware wallets and various decentralized applications (DApps). Wallet provider MetaMask was also affected by the security incident. Dear web3 users,This vulnerability appears to affect multiple dapps across the entire EVM ecosystem. It is extremely risky to interact with the dapp until the issue is properly resolved.Stay safe out there! https://t.co/kFykLW4lWm— Linea (@LineaBuild) December 14, 2023 According to a post by X (on…
Cronos Labs has partnered with Matter Labs to launch the Cronos Zero Knowledge Ethereum Virtual Machine (zkEVM) testnet. Competition in the Ethereum layer-2 sector is increasing with a proliferation of new players. 2023 will see the emergence of many new layer 2 protocols, such as Coinbase’s Base, Blast, and COTI V2. Cronos prepares for its next phase of growth with the launch of zkEVM testnet. Ken Timsit, Managing Director of Cronos Labs, said in a press release: “The Cronos zkEVM testnet represents an opportunity for Cronos Labs and its partners, including VVS, Fulcrom and Veno, to experiment with ZK Layer…
The Financial Accounting Standards Board (FASB) has taken important steps to address the complexities of accounting for cryptocurrency assets. On December 13, 2023, the FASB issued Accounting Standards Update (ASU) No. 1, which aims to improve the accounting and disclosure of certain crypto assets. Announced for 2023-08. This update is a response to the evolving nature of digital assets and the need for more relevant financial reporting in this space. Introducing a new standard The new standard is a compilation of feedback from various stakeholders who highlighted the importance of strengthening accounting and disclosure practices for cryptocurrency assets. FASB Chairman…
Flare partners with Kinetic to revolutionize DeFi lending/lending on the blockchain. Users benefit from liquidity incentives. Kinetic offers excess collateral loans. Rome Blockchain Labs facilitates Kinetic launches by leveraging Flare’s oracles for accurate pricing. Flare, a blockchain for data powered by Rome Blockchain Labs, and lending platform Kinetic announced a strategic partnership to revolutionize decentralized finance (DeFi). The goal of this collaboration is to introduce lending capabilities to the Flare ecosystem, deepening liquidity and fostering a powerful DeFi experience. Supporting DeFi with seamless lending and borrowing Flare, a recognized data blockchain, has entered into a groundbreaking partnership with Kinetic, a…
Former Goldman Sachs executive Raoul Pal said he is betting on XRP. Real Vision’s CEO said in a new interview with attorney John Deaton that he purchased the asset after the U.S. Securities and Exchange Commission (SEC) sued Ripple and claimed that XRP was an unregistered security. “When you see something like that, you think, ‘Oh, now the price has been drastically discounted.’ We know it’s real. Half of the people are excluded from the market. This is the opportunity of a lifetime.’ So I bought it then. And I’ve kept at it ever since.” Pal said he purchased XRP…
I may not be the only one interested in investing and supporting this project. If so, it is doubtful whether there will be an ARK-related token to make this happen. thank you!
Bitcoin (BTC) and altcoins are a no-brainer investment in the current macro environment, says Arthur Hayes.in post On December 14th atBitcoin worth $1 million still in operation in 2024, “a turning point”Hayes argues that buying cryptocurrencies is key to success as the market is betting that the US Federal Reserve will cut interest rates next year.At the December 13 Federal Open Market Committee (FOMC) meeting, Federal Reserve policymakers voted to maintain a freeze on interest rate increases.As was widely expected, subsequent speeches and news conferences with Chairman Jerome Powell sparked talk of an imminent rate cut, said to be a…
Ethereum once again showed a state of deflation. It is in the spotlight as the number of ETH tokens in circulation on the network continues to decline significantly. This stems from the following beliefs: bull running and other factors This could help sustain this trend. No more ETH in circulation According to data Ethereum decreased in Ultrasound Money. circulating supply Over the past 7 days, more than 14,160 ETH has been uncirculated. That’s over 30,700 results. get burned During this period, there were just over 16,500 ETH issued during the same period. This development continues the growing trend where the…