Gekocrypto Crypto News

Mario Mosböck Partners CoinPoker to Build Online Poker Site, With PoR on the Blockchainin NEAR Protocol Surges After Launching Chain Signatures for DeFi and Bitcoin PYUSD market cap rises 150% following Solana launch Coinbase Expands Its Crypto Offering By Adding ZetaChain And Across Protocol Ex-Bitstamp CLO joins Space and Time executive team ahead of mainnet launch Aventus Claims Success With Blockchain Pilot Arbitrum Welcomes Franklin Templeton’s US$420M Blockchain-Based FOBXX Fund Franklin Templeton Expands OnChain US Government Money Market Fund to Arbitrum Protocol Village: Greyscale AI Goes Live on Casper, Cubist Adds Key Management Support for Bitcoin Chainlink’s adoption surge: Exploring the impact on LINK

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Mario Mosböck Partners CoinPoker to Build Online Poker Site, With PoR on the Blockchainin

Willemstad, Curacao, August 9th, 2024, Chainwire Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain, alongside additional reserves in hot wallets to process instant withdrawals. Praising the move by the crypto-based poker site to increase transparency, former Austrian footballer and poker professional Mario Mosböck has partnered with the site as a new official ambassador, alongside British pro Patrick Leonard. In an X post, Mario Mosböck stated the pair’s ‘mission is to guide the new leadership group to build the world’s best online poker...

09.08.2024

NEAR Protocol Surges After Launching Chain Signatures for DeFi and Bitcoin

NEAR Protocol’s new Chain Signatures technology allows smart contracts to sign transactions across blockchains like Bitcoin and Ethereum. This feature eliminates the need for multiple wallets and manual bridging, simplifies DeFi access and reduces dependency on separate gas fees. Co-founder Illia Polosukhin heralds this as a major step toward expanding and diversifying the Web3 user base, aiming for a user-owned internet. NEAR Protocol has just announced its “Chain Signatures Mainnet Launch”. This new technology ditches cross-chain bridges and lets users utilise smart contracts to “sign transactions on any blockchain”, Near Protocol said on X. So, while they say “any blockchain”,...

09.08.2024

PYUSD market cap rises 150% following Solana launch

PayPal USD (PYUSD) market cap leaped by 150% since its expansion to Solana on May 29, with the stablecoin’s total value now sitting at $684 million, based on DefiLlama data . Notably, the usage of PYUSD is practically evenly distributed between Solana and Ethereum, as both blockchains show 48.32% and 51.68% dominance, respectively. This significant movement by PYUSD within Solana’s DeFi ecosystem could be tied to the incentives campaign among its applications, such as Kamino. PayPal’s stablecoin has the highest annual percentage yield (APY) to be supplied as collateral on the Solana-based money market and the smallest borrow rate. However,...

09.08.2024

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Mario Mosböck Partners CoinPoker to Build Online Poker Site, With PoR on the Blockchainin

NEAR Protocol Surges After Launching Chain Signatures for DeFi and Bitcoin

PYUSD market cap rises 150% following Solana launch

Coinbase Expands Its Crypto Offering By Adding ZetaChain And Across Protocol

Coinbase is stirring up the crypto market with its latest announcement to include ZetaChain and Across Protocol on its listing roadmap. Price Impact On ZetaChain To Monitor The news has already had a significant impact, with ZetaChain’s price surging by 17% following its addition to Coinbase’s asset roadmap. This development is generating excitement among investors, who are anticipating a potential boost in market presence and liquidity for the asset. ZetaChain, a Layer 1 blockchain, is gaining attention for its focus on interoperability, positioning itself as a crucial player in connecting various blockchain networks. This innovative approach could potentially redefine how...

Ex-Bitstamp CLO joins Space and Time executive team ahead of mainnet launch

The project aims to create a verifiable data layer that bridges blockchains, enterprises, and artificial intelligence. Key Takeaways Space and Time Labs hires Rika Khurdayan to be its new Chief Legal Officer. The project is approaching mainnet launch and prioritizing decentralization. Space and Time, a decentralized data platform backed by Microsoft’s M12 venture fund, has appointed Rika Khurdayan as its new Chief Legal Officer. Khurdayan previously served as US CLO of Bitstamp and founded KSTechLaw, a law firm specializing in crypto regulations. “I am honored to join Space and Time Labs and their innovative team. The potential for transformative impact...

Aventus Claims Success With Blockchain Pilot

By Philip Maina 4 days agoFri Aug 09 2024 09:29:01 Reading Time: 2 minutes Aventus has successfully trialed its blockchain solution at Heathrow Airport, reducing documentation, loading time, and communication errors The pilot program has significantly improved operational efficiency, leading to quicker turnaround times and reduced losses Aventus has hopes for expansion to a larger implementation Blockchain firm Aventus has reported success in a recent trial of its solution in the UK’s Heathrow Airport, with reductions in documentation, loading time and communication errors. Aventus says that a pilot program of its automated unit load device (ULD) management allowed Heathrow to...

Arbitrum Welcomes Franklin Templeton’s US$420M Blockchain-Based FOBXX Fund

Source: https://www.crypto-news-flash.com/ Franklin Templeton, a global asset manager, has recently launched its blockchain-based money market fund, FOBXX, on the Ethereum Layer-2 scaling network, Arbitrum. This move comes as tokenised real-world asset (RWA) funds gain increasing attention from investors. Arbitrum, known for its efficient and scalable infrastructure, now hosts FOBXX, enabling retail investors to access the fund through their digital wallets. Franklin Templeton’s focus on expanding access to this fund underscores the growing demand for tokenised financial products within highly secure blockchain ecosystems. FOBXX is designed to invest predominantly in U.S. government securities, with a minimum of 99.5% of its assets...

Franklin Templeton Expands OnChain US Government Money Market Fund to Arbitrum

Franklin Templeton has expanded its OnChain US Government Money Market Fund (FOBXX) to Ethereum’s Arbitrum, marking its third blockchain integration. The FOBXX fund, launched in 2021, is a pioneer in using public blockchains for transactions and fractional ownership, contributing nearly US$2 billion in traded value. Franklin Templeton ranks third in the tokenised government securities market, with over US$400 million in assets under management (AUM). One of the largest asset managers in the United States, Franklin Templeton, has expanded its OnChain US Government Money Market Fund (FOBXX) to Ethereum through the network’s largest Layer-2 blockchain, Arbitrum. Related: Franklin Templeton CEO Highlights...

Protocol Village: Greyscale AI Goes Live on Casper, Cubist Adds Key Management Support for Bitcoin

Tuesday, Aug. 12 Manta Pacific Claims First Among L2s Adopting Multiple Data Availability Framework Manta Pacific, the native layer 2 (L2) blockchain of Manta Network, said it's "the first L2 to adopt a Multiple Data Availability (MultiDA) framework." According to the team : "This MultiDA strategy will provide uninterrupted service and cost efficiency without impacting user experience or fees. By integrating with partners like Celestia, Nuffle Labs, EigenDA, 0G, Nubit, and Dill, Manta will enhance the security, resilience and uptime of its network. Manta has saved its users over $6 million since December 2023 with Celestia DA." Internet Computer Integrates...

Chainlink’s adoption surge: Exploring the impact on LINK

contributor Chainlink adoption update has made 10 integrations of 4 services across multiple chains. LINK low number of total holders to surge soon as tokenization gains traction. This week, Chainlink [LINK] integrated four of its services across 12 blockchain networks, including Ethereum, Polygon, Linea Build, BNB smart chain, Optimism and Avalanche among others. New partnerships were formed with platforms like MaviaGame, Metis, Beefy Finance, Cryptex Finance and Goldlink Finance. These developments as per Chainlink’s post on X showcase significant progress in expansion in the fintech industry. As these integrations take effect, they are expected to boost Chainlink’s influence and contribute...