Author: NBTC
Taurus SA, a key digital asset infrastructure provider for major financial institutions like Deutsche Bank, has partnered with Chainlink Labs, a prominent developer of essential tokenized asset infrastructure, to accelerate institutional adoption of tokenized assets. .@taurus_hq—a leading digital asset and tokenization platform covering issuance, custody, and trading—is fully integrating the #Chainlink platform for data and cross-chain. The collaboration helps advance the adoption of institutional tokenized assets.https://t.co/zmiY8Uzn9A pic.twitter.com/GAhN1GUKQB — Chainlink (@chainlink) October 2, 2024 The collaboration focuses on addressing security, data, and asset mobility challenges within the tokenized asset sector, the companies said. Taurus will leverage Chainlink’s platform to enhance tokenized…
Bitcoin is firm at press time. According to CoinMarketCap data, the world’s most valuable coin is changing hands above $63,500, steady on the last day and up a decent 7% over the previous week of trading. Technically, the uptrend remains as long as prices stay above the support zone at around $58,000 and $60,000. Bitcoin Up 30% From August Lows, RSI Dips Below 80% Level In The Monthly Chart At press time, traders are upbeat and optimistic, which could form the base of another leg up. So far, since the dip in early August, Bitcoin is up 30% and retesting…
Kakao Executive Sues Blockchain Arm GroundX for $7.6M Following Crypto Wallet Hack A senior executive at Kakao, one of South Korea’s largest internet conglomerates, has filed a lawsuit against the company’s blockchain subsidiary, GroundX, for approximately KRW 10 billion ($7.6 million) after a crypto hack targeted the executive’s Klip wallet. The Klip wallet, which is integrated into Kakao’s popular messaging app KakaoTalk, was compromised in March 2022 when hackers gained access to the executive’s account. The stolen cryptocurrency was later transferred to overseas exchanges, according to a report by IT Chosun. The lawsuit raises questions about the security measures implemented…
Users of the Ronin wallet will no longer enjoy free transactions starting from October 9. The former subsidy for some of the Axie NFT owners and Ronin wallet accounts will be discontinued and replaced with a new, smaller package of free transactions. Until recently, Sky Mavis allowed free transactions for selected owners of Axie NFT and Ronin wallet accounts. However, it will discontinue the program for a subsidized gas policy. Starting from October 9, all Ronin transactions will incur a fee of 0.01 RON as gas expenses, an equivalent of $0.016 per transaction. The entire chain hosts 1.4M daily active…
Flare (FLR) network, a layer one blockchain that builds decentralized data infrastructure, announced its monthly token burn on Thursday to ensure value addition to the community token holdings. According to the announcement, the Flare network burnt 66,293,390 FLR tokens as part of the 2.1 billion burn program to be distributed until January 2026. The Flare team intends to achieve over 2 percent token burn at the end of the program, which will be a huge boost to the long-term holders. According to Hugo Philion, the CEO and co-founder of Flare network, the 2.1 billion FLR token burn, which represents around…
Japan’s Financial Services Agency is set to review its crypto regulations, potentially leading to lower taxes and allowing domestic funds to invest in tokens. Japan is preparing to review its cryptocurrency regulations, which could result in lower taxes and allow domestic funds to invest in tokens, an official at the Financial Services Agency told Bloomberg. The FSA is now reportedly set to assess whether regulating crypto under the Payments Act provides sufficient investor protection, as tokens are used primarily for investment rather than payment. The review could result in reclassifying crypto as financial instruments under Japan’s investment law, which would…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The iGaming industry is witnessing impressive growth, with global market projections reaching $127 billion by 2027. A driving force behind this trend is web3 gaming, which offers enhanced gaming experiences through features like in-game asset ownership, community-driven development, and increased transparency. You might also like: GameFi investment is surging: Blockchain becomes a staple in every title | Opinion Unlike mobile gaming, which can be costly and require multiple in-app purchases to unlock a viable gaming experience, web3…
EigenLayer Actively Validated Service Ava Protocol will power automation for Sony Block Solution Labs new layer-2 blockchain, Soneium. According to the protocol’s press release, Ava Protocol will deploy its event-driven automation infrastructure to power the Soneium Spark incubation program. By doing so, creators and developers have the chance to monetize as well as manage their work on Sonieum using Ava Protocol’s intent-based, no-code automation. Speaking to crypto.news, founder of Ava Protocol Chris Li explained that Ava Protocol benefits from lower computation and storage costs, surpassing even the traditional layer-2 solutions. “Our technology provides creators and developers with the tools they…
The performance of XRP has reached a new milestone, with its market capitalization surging by 23% in the past 24 hours. This impressive increase has been driven by groundbreaking news as the final ruling in the SEC v. Ripple legal battle was delivered. However, on-chain platform Santiment reports that there are more reasons behind the price surge. In particular, there is significant accumulation among high-net-worth holders, or “whales” and “sharks.” Thus, recent data reveals that wallets containing between 1 million and 10 million XRP now hold a record 7.06 billion coins, valued at approximately $4.42 billion. The surge in accumulation…
TrustToken and TrueCoin, the entities behind the TrueUSD (TUSD) stablecoin, last week reached a settlement with the US Securities and Exchange Commission (SEC) over allegations of fraudulent and unregistered sales of investment contracts. The companies have agreed to pay a combined total of $700,000 in penalties and disgorgement without admitting or denying the SEC’s findings. Per an exclusive statement to CryptoSlate from the TrustToken and TrueCoin teams, “TrustToken and TrueCoin have agreed to a no-admit/no-deny settlement with the US Securities and Exchange Commission, resolving an investigation related to TrueUSD and TrueFi. While we were prepared to defend our position, we…