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“# Avalanche launches upgraded bridge, prepping DApps for mainstream adoption ” Avalanche (AVAX) is replacing its months-old Avalanche-Ethereum Bridge, or AEB, with the aptly named Avalanche Bridge, or AB, according to a Medium post from the company. This newer bridge is allegedly fives times cheaper than the previous one and will act as a “growth…
“# Coinbase Ventures backs Ethereum-based streaming network ” This year has been foundational for the success of projects running on the Ethereum blockchain. Sharing the limelight is Livepeer, an Ethereum-based video streaming network that announced raising $20 million in a Series B funding. Led by Digital Currency Group, the funding for Livepeer saw participation from…
“# We have to be in the crypto space, Mastercard CEO says ” Traditional card networks are vying to ensure their services remain at the center of new developments in digital assets, whether they be central bank digital currencies or private sector stablecoins. In an earnings call on July 29, Mastercard CEO Michael Miebach discussed recent…
“# Large VCs are sidelining smaller crypto investors, PwC crypto lead says ” As cryptocurrency continues to take over mainstream finance, formerly cautious investors across the globe are rethinking their stance of counting crypto as a bad investment. This change of heart leads to a higher market valuation of crypto businesses due to increased funding from…
“# Synthetix turns on layer-two alpha, launches Olympics betting on options platform ” Decentralized derivatives and synthetic asset trading protocol, Synthetix, has launched trading on the Optimistic Ethereum layer two scaling platform. The long-awaited launch was announced by the Synthetix protocol exchange Kwenta on July 30. It enables the exchange to offer faster transactions and…
“# PayPal set to launch crypto trading in the UK and may embrace DeFi ” Global payments platform PayPal is looking towards the United Kingdom as the next market in which to expand its crypto trading services. According to the company’s second-quarter earnings call on Wednesday, PayPal has done very well out of crypto trading…
“# IMF intends to ‘ramp up’ digital currency monitoring ” The International Monetary Fund, or IMF, plans to “step up” its monitoring of digital currencies, according to a report by Reuters. This intent, as published in an IMF paper Thursday, details how the fund plans to “manage this far-reaching and complex transition” toward a digitized economy. “Rapid technological…
“# Western nations need better public-private cooperation on crypto, says Mohamed El-Erian ” Mohamed El-Erian, chief economic advisor at Allianz, has called for greater cooperation between western governments and crypto businesses to better leverage the benefits of the ongoing cryptocurrency revolution. In an article published in the Financial Times on Thursday, the famous economist highlighted…
“# Crypto population doubled to over 200M users since January, report says ” Cryptocurrency adoption has seen an accelerated growth this year, with the global crypto population doubling since January, according to a new report. Major digital asset company Crypto.com released its latest study on measuring global cryptocurrency users on Thursday, discovering that the number…
“# Bitcoin inheritance tool to use cloud service by Russian Sberbank ” A group of Russian experts is working on a new blockchain-based service to allow users to bequeath their cryptocurrency holdings and digital rights to the next generation. The National Technological Initiative (NTI), a global technical leadership program in Russia, announced a new digital…