Stargate, the leading omnichain liquidity layer and native asset bridge with over $18 billion in lifetime trading volume, has now been deployed on Kava Chain, the Cosmos-Ethereum interoperable layer 1. This integration expands the scope of Tether’s Cosmos native USDt, which is issued exclusively. Kava Chain, Ethereum Ecosystem and Beyond. Stargate’s success in connecting the Ethereum network is unrivaled, with 300x more TVL than the next most popular bridge. Deploying Stargate on the Kava chain provides DeFi users with the most secure and efficient way to move USDt between the Cosmos and Ethereum ecosystems. The integration will allow users of…
Author: Crypto Flexs
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France’s third-largest listed bank, Société Générale (SocGen), has forayed into blockchain-based financial solutions by issuing the first digital green bond (worth €10 million) on a public blockchain, according to a December 4 press release.Following the European Investment Bank’s (EIB) recent launch of a digital bond based on a private blockchain, the French lender’s plan marks another step towards widespread adoption of blockchain technology in the global financial sector.This issuance not only highlights the growing confidence in blockchain as a disruptive tool for sustainable finance, but also signals the increasing digitalization in the financial sector.Ethereum’s green bondsSocGen’s cryptocurrency arm, SG-FORGE, issued…
BC.GAME, a leading innovator in online gambling, is proud to announce that it has won the 2023 Best Casino Operator Award from SiGMA. This esteemed honor, awarded at the SiGMA Europe 2023 event, marks BC.GAME’s position as one of the world’s leading online casinos. This award celebrates BC.GAME’s efforts to provide engaging and responsible gaming experiences. The 2023 Best Casino Operator Award presented by SiGMA is a respected honor in the online gambling industry, recognizing operators who demonstrate unparalleled innovation, customer service and operational excellence. This is awarded to casinos that continually redefine the boundaries of online gaming and set…
Industry veteran Ray Youssef has been appointed CEO of Noones, a financial communications app that aims to connect the global South to the global financial system through peer-to-peer technology.Youssef has extensive experience in the industry, particularly in the P2P sector, having co-founded Paxful, a popular Bitcoin trading platform, before his relationship with fellow co-founder Artur Shaback fell apart following the company’s collapse. Youssef co-wrote CivKit, which was designed to provide “a blueprint for developers and entrepreneurs to build censorship-resistant, permissionless global marketplaces,” Youssef told The Block in May. Currently, Noones utilizes open source protocols.Youssef also helped develop Build with Bitcoin,…
The total number of Tron accounts is gradually approaching 200 million. TRX’s movement remained flat but remained at $0.1. At press time, Tron (TRX) was approaching a significant milestone in the total number of accounts on the network. While this milestone is expected to be reached, what is the average number of active accounts and what is Tron’s current Total Value Locked (TVL) status? Tron approaches a major milestone AMBCrypto’s TronScan analysis revealed compelling statistics on network performance. The total number of accounts stands at 199.4 million at press time and is steadily approaching 200 million. A whopping 145,000 new…
Bitcoin miner Riot Platforms is purchasing 66,560 Bitcoin mining rigs from manufacturer MicroBT, one of the largest hash rate orders in the company’s history, ahead of the Bitcoin halving scheduled for April 2024.Riot said in a statement on December 4 that the total value of the additional purchase agreements is $290.5 million. That means they paid an average of $4,360 for each machine.$Riot Exercise your purchase option for MicroBT’s latest generation submerged miner 18EH/s and secure additional purchase options providing a path to exceed 100EH/s.- Riot is ordering the latest generation of MicroBT Bitcoin Miners 18 EH/s, mainly consisting of:…
As a member of the EEA, toposwear Part of the EEA community of organizations working to advance Ethereum and drive industry adoption. In the Q&A below, EEA interviews Toposware Enterprise Programs Lead Tom Harvey about how the organization contributes to the Ethereum business ecosystem. Please introduce your company and yourself. I build and deliver enterprise services at Toposware, where we are building Topos, the first Zero Knowledge ecosystem. Topos is a paradigm-shifting EVM infrastructure that enables seamless collaboration using zero-knowledge proofs (ZKPs) as a definitive solution to concerns about interoperability, privacy, and scalability. What first brought you to the EEA…
Mantle, Ethereum’s layer 2 platform, has launched Mantle LSP, a liquid staking protocol. It is competing fiercely for third place in liquidity staking volume, establishing itself as one of the best providers, challenging rivals Lido and Rocket Pool. This Monday, Ethereum’s layer 2 platform Mantle announced the launch of Mantle LSP, a “permissionless, non-custodial ETH liquid staking protocol.” This is the second core product in the Mantle ecosystem, following the main Mantle network launched in July 2022. Mantle LSP allows platform users to stake ETH in exchange for $mETH tokens. According to the company, users can also earn money using…
Bitcoin perpetual futures open interest on the Deribit derivatives exchange has reached a yearly high of $740 million. This is a level not seen since November 2021, when Bitcoin surpassed its all-time high of $68,000.Increasing open interest means new funds are entering the market, indicating increased participation and potential liquidity. Deribit chart shows Bitcoin perpetual open interest at yearly highs.CME Bitcoin Futures Premium IncreaseJustin d’Anethan, Keyrock’s head of business development for APAC, suggested that the existing premium on the CME Bitcoin futures contract is another indicator of increased institutional participation.“You’re bound to see a healthy futures premium in the CME…
Bitcoin (BTC)-related investment products have become a “major beneficiary” of recent investor interest in cryptocurrencies amid growing expectations of the approval of a spot Bitcoin ETF in the United States. According to a December 4 report from CoinShares, a total of $1.76 billion in investor funds flowed into cryptocurrency products over a 10-week period, the largest inflow for that period since October 2021 when Bitcoin futures were launched. occupied. James Butterfill, Director of Research. Record the inflow! Total inflows over the past 10 weeks totaled $1.76 billion, the highest since the launch of the US futures-based ETF in October 2021.Week…