Category: Community
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To solve the blockchain modularity issue, Celestia raises $55 million.
The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding round, which brought in $55 million. Delphi Digital, Protocol Labs, Figment, Maven 11, and Spartan Group, among others, participated in the round, which was led by Bain Capital Crypto and…
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Xtreme Token officially launched the XTR utility token in Bangkok, Thailand
PRESS RELEASE. Dubai-based firm Xtreme Token officially launched the XTR utility token on September 16 in Bangkok, Thailand. Xtreme Token (XTR) is a BEP-20 traded digital asset native to the Xtreme ecosystem. With the vision of not being limited to the real world, but directly connecting and communicating with the crypto world creating the most…
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Bitfinex will donate BTC and USDT valued at $1.3 million to communities in El Salvador
A donation of 36 bitcoin and $600,000 worth of tether tokens will be made to support communities and small businesses in El Salvador, the crypto exchange Bitfinex announced on Thursday. The funds will initially target small businesses in Salvadoran communities in Apopa, Ilopango, and Soyapango, according to Bitfinex. The digital currency exchange Bitfinex has announced…
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Singapore’s Central Bank, DBS, and JPMorgan Work Together to Explore Digital Assets’ Applications, Defi
The Singapore Monetary Authority (MAS) has teamed up with major banks and financial services firms to investigate asset tokenization and decentralized finance (defi). The first project will be piloted by DBS Bank and JPMorgan. The Monetary Authority of Singapore (MAS), the country’s central bank, announced Tuesday that it has launched Project Guardian in collaboration with…
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According to an ECB survey, 10% of Eurozone households own cryptocurrency.
According to a new survey conducted by the European Central Bank (ECB), one out of every ten households in six eurozone countries has purchased cryptocurrency. The poll shows that while the wealthiest are the most likely to own crypto assets, poor families are not far behind. According to the European Central Bank’s latest Consumer Expectations…
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El Salvador will receive assistance from the International Monetary Fund in compiling Bitcoin adoption statistics.
The International Monetary Fund has stated that it is assisting the government of El Salvador in a variety of ways. According to Gerry Rice, the organization’s spokesperson, the group is in talks with Salvadoran government officials about tax and money laundering issues, including critical issues raised by the IMF in previous reports. International Monetary Fund…
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Coinbase’s hiring is slowing due to the market downturn.
Coinbase, the largest crypto exchange in the United States, is slowing hiring, citing the current market downturn as a reason to reconsider its staffing strategy. The trading platform’s management believes that the move will allow it to better match its hiring needs to its business objectives. Coinbase, a cryptocurrency exchange, has changed its staffing plans.…
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Regulators from around the world are considering forming a joint body to coordinate crypto rules.
According to a top executive of the International Organization of Securities Commissions, a joint body will be established within the next year to better coordinate cryptocurrency regulations (IOSCO). Top executives at the International Organization of Securities Commissions (IOSCO) discussed cryptocurrency regulation this week. Members of the global organization regulate more than 95% of the world’s…
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Kraken is the first global cryptocurrency exchange to receive full regulatory approval from Abu Dhabi Global Market.
Kraken, a cryptocurrency exchange, has been granted a full financial license by Abu Dhabi Global Market. The regulator explained that “Kraken will be the first global virtual assets exchange group in the UAE to offer investors the ability to invest, trade, withdraw, and deposit virtual assets (bitcoin and ether) directly in local AED currency.” Abu…
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Ethereum Gets a Scaling Testnet Upgrade – And It’s Years Ahead of Schedule.
zkSync, a protocol responsible for implementing Ethereum scaling platforms, accomplished the unexpected yesterday, announcing the test network release of an Ethereum Virtual Machine compatible Zero-Knowledge rollup (zkEVM) years ahead of schedule. The EVM is the environment in which all Ethereum wallets and contracts live and is responsible for defining the rules of the chain from…