Ecosystem Developers Add Cosmos Network
Osmosis, the largest decentralized exchange on Cosmos with Nomic and Kujira will introduce Bitcoin BTC ($27,349) to the eponymous inter-blockchain communications (IBC) protocol. Users can transfer Bitcoin to the Cosmos network via Osmosis’ Nomic bridge for 1.5% of the transaction value, according to a statement made on October 3 during the Cosmoverse 2023 Conference. Then, […]
Binance Facing New Class Action Lawsuit
Another class action lawsuit against Binance Exchange and CEO Changpeng “CZ” Zhao is pending because of an unhealthy FTX game. Another class action lawsuit has been filed against cryptocurrency exchange Binance Holdings Ltd. and its CEO Changpeng ‘CZ’ Zhao, for allegedly contributing to the demise of its main rival, FTX Derivatives Exchange. According to a […]
Google Cloud Joins Polygon Network as Validator
On September 29, 2023, Polygon Labs announced that Google Cloud had become a validator on the Polygon Proof of Stake (PoS) network. The Polygon PoS Network, which was once known as the Matic Network and functions as a side-chain to the Ethereum blockchain, is now secured by more than 100 validators, according to a statement […]
Bitwise to Launch Bitcoin Ethereum Strategy ETF
Bitwise has stated that trading for two of its Ethereum-themed Exchange-Traded Funds (ETFs) would start on October 2, 2023. Investors will be able to access CME Ether futures using the widely used and regulated ETF format “for the first time,” according to Bitwise. CIO Matt Hougan of the business said in a statement,” “The portfolio […]
U.S. Representative Introduce Crypto Oversight Bill
U.S. Representative Don Beyer introduced the Off-Chain Digital Commodity Transaction Reporting Act. This legislation protects investors from market manipulation, conflicts, and fraud. According to the new plan, every trading platform must record all transactions in a repository registered with the Commodity Futures Trading Commission (CFTC). Senator Beyer said: “As consumers increasingly turn to large digital […]