Near Protocol Introduces Multichain Transactions From Single Account
The layer-1 Near Protocol can now support chain signatures; according to the Near Foundation, this development grants near-account holders access to multiple chains. According to a press release, Eigenlayer, an Ethereum-based restaking project, has joined Near as a launch partner, enhancing the Chain Signatures network’s security. The decentralized multi-party computation (MPC) network and Near’s validators […]
Bakkt Reports $780M in Revenue for 2023
Bakkt cryptocurrency custody and trading platform, reveals annual revenues of $780.1 million in 2023. During the fourth quarter of 2023, Bakkt reported generating a cumulative revenue of $214.5 million. This includes net loyalty and gross cryptocurrency revenues. Gross crypto services revenues increased due to Bakkt’s acquisition of Bakkt Crypto (previously Apex Crypto), according to the […]
Misyon Bank, Taurus Partner for Digital Asset Custody, Tokenization
Misyon Bank, a neo-bank and investment banking firm in Turkey, is collaborating with Taurus, a Swiss cryptocurrency custody provider, to venture into digital asset custody and tokenization. To furnish digital asset custody and tokenization services at Misyon Bank, the Turkish neobank and Taurus entered into a partnership agreement to implement Taurus’s technology. Misyon disclosed the […]
Curio Smart Contract Platform Faces $16M Digital Assets Exploit
A hacker was able to steal $16 million worth of digital assets from real-world asset (RWA) liquidity firm Curio due to a smart contract exploit involving a critical vulnerability associated with voting power privileges. Curio notified its community regarding the vulnerability and emphasized its efforts to rectify the situation. An organization stated that a smart […]
Fifth-largest Bitcoin Address Transfers Over $6B Worth of BTC
For the first time since 2019, the fifth-largest Bitcoin holding address, also known as “37X,” has transferred more than $6 billion worth of BTC to three new addresses, according to a report. According to a March 25 X post by Arkham Intelligence, the Bitcoin whale transferred nearly its entire balance of 94,500 Bitcoin, worth $6.05 […]