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Blockchain’s fragmented ecosystem has long been a barrier to growth, but Apex Fusion is on a mission to change that. With $6 million in new funding from TRGC, Apex Fusion is driving a federated multichain layer 1 network designed to unify siled blockchain systems. Apex Fusion addresses the interoperability issues that have long plagued blockchain by seamlessly integrating UTXO and account-based networks. Currently valued at $180 million, the company is poised to lead in a new era of connected blockchain ecosystems that unleash the full potential of decentralization.Apex Fusion’s architecture stands out because it addresses the industry’s most pressing problem:…
The FBI created its own cryptocurrency so it could watch suspected fraudsters use it. The idea worked so well that it resulted in arrests in three countries. The news about the Fed’s currency, an Ethereum-based financial product named NexFundAI, comes after the Department of Justice announced Wednesday that 18 people have been charged “with widespread fraud and manipulation in the virtual currency markets.” The Fed alleges that part of the fraud involved “wash trades,” or trades made for the sole purpose of increasing trading volume in securities or other assets. An increase in trading volume is often seen as an…
Built on the Optimism Superchain, Unichain has made significant strides in speed, scalability, and cross-chain capabilities, placing Uniswap at the forefront of DeFi innovation. With MIT licensing Unichain, Uniswap emphasizes its dedication to decentralization and collaborative growth within the Ethereum ecosystem, supporting a diverse development community. Uniswap CEO Hayden Adams announced the launch of Unichain, a new layer 2 network built on Optimism Superchain. Described as a “labor of love,” Unichain aims to improve the scalability of DeFi with features such as fast, provable block construction and cross-chain user experience. According to a shared tweet, the network will include a…
Metaplanet, a Tokyo-listed company known for its aggressive foray into Bitcoin (BTC), announced on Friday that it had acquired an additional 108.999 Bitcoin for 1 billion yen (US$6.5 million). The latest acquisition brings the company’s total Bitcoin holdings to 748.502 BTC, strengthening its long-term bet on the leading cryptocurrency. But Metaplanet’s Bitcoin acquisition strategy goes beyond simple spot purchases.Peter Chung, head of research at Presto Labs, told Decrypt that the company uses a sophisticated approach of selling put options at the same time as buying Bitcoin to generate additional yield. “Metaplanet’s strategy allows us to target the bottom if the…
Danny Scott co-founded Bitcoin exchange CoinCorner in 2014.Danny Scott is the co-founder of CoinCorner, one of the only Bitcoin (BTC-USD) exchanges based in the UK and located on the Isle of Man. Currently, CoinCorner has approximately 400,000 customers providing brokerage and custody services.I used to work as a lifeguard at a swimming pool near Blackpool and one of my responsibilities was cleaning the toilets and changing rooms. One of my first days, my boss, Steve, turned around and said he would never ask me to do anything he hadn’t done before.He’s been doing it since he first started doing it,…
Prominent market watchers claim that XRP could gain nearly 8x if Bitcoin reaches $115,000 or Ethereum reaches $8,000. Last week, the cryptocurrency market turned bullish as Bitcoin hit a four-week high of $64,000. This new optimism is reflected in the global cryptocurrency market capitalization, which today has increased from just over $2.01 trillion to just over $2.21 trillion. In other words, more than $200 billion has flowed into the crypto market in less than a week. Amid this booming market, analysts are revising their outlooks on prominent cryptocurrencies and predicting a promising future for assets like XRP as market sentiment…
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, faces a potential supply shock as Chinese authorities prepare to potentially sell more than $1.3 billion worth of ETH seized. are. The development comes amid growing market uncertainty, with the crypto fear and greed index plummeting to a seven-day low of 39, indicating a state of fear among traders.Ethereum price under pressureAs of October 11, 2024, Ethereum is trading at $2,401, down nearly 2% in the past 24 hours. This price decline is consistent with bearish sentiment across the crypto market. However, with the looming threat of a large-scale ETH sale by…
Tesla’s TSLA stock fell about 2.7% in overnight trading on brokerage Robinhood after the company’s robotaxi announcement event late Thursday failed to inspire confidence among investors. What Happened: At an event in Los Angeles on Thursday, Tesla unveiled a two-seater CyberCab that can drive itself and a pedalless RoboVan that can seat about 20 passengers. However, the company did not disclose the price of the Robovan, and details were sparse at the event. Musk also said a smaller CyberCab won’t join the company’s self-driving taxi fleet until 2026. The CEO also said he was often optimistic about the schedule and…
Since its mainnet launch in May 2023, the SUI blockchain, developed by Mysten Labs and powered by the Move programming language, has rapidly risen to prominence in the decentralized finance (DeFi) space. Recently, SUI achieved a significant milestone by reaching an all-time high (ATH) of $1.1 billion in Total Value Locked (TVL). This impressive feat marks a significant moment for the platform, demonstrating growing confidence in its ecosystem and demonstrating the increasing adoption of blockchain technology in a variety of applications. . The SUI blockchain has now established itself as a major player, surpassing established platforms such as Polygon and…
Ripple has introduced a new service that allows banks and fintech companies to store digital assets on behalf of their customers when filing cross-appeals with the U.S. Securities and Exchange Commission (SEC).”Ripple’s custody technology is a digital asset storage technology designed with the security and compliance standards that the world’s top banks and financial institutions have come to trust,” said Aaron Sletehoe, Ripple’s senior vice president of products. It provides a single platform for protection and management.These new updates to Ripple Custody include new transaction screening services, additional hardware security module (HSM) options, integration with the XRP Ledger (XRPL) for…