Polyhedra Integrates Flare to Strengthen DeFi Capabilities
Flare and Polyhedra Network’s zkBridge cross-chain interoperability protocol is now integrated. An announcement made on August 27 states that Flare, the blockchain for data platform, will benefit from developers having access to cross-chain security via zero-knowledge proofs thanks to Polyhedra’s integration. The integration happened when the Polyhedra Network community approved a request to connect LayerZero’s […]
CME Launches Mini Bitcoin ‘Friday Futures’ Contract
CME Group plans to launch Bitcoin Friday futures, a new contract, on September 30. These smaller contracts aim to draw in retail investors who might find the current offerings or the price of Bitcoin too high. BFF contracts, priced at one-fiftieth of a bitcoin, will be cash-settled, which means they won’t settle in cryptocurrency. According […]
Nasdaq Seeks SEC Approval to Launch Bitcoin Index Options
Nasdaq just applied to list and trade Bitcoin Index Options with the U.S. Securities and Exchange Commission. The press release states that these options will track the price of Bitcoin as the CME CF Bitcoin Real-Time Index represents it. The cryptocurrency market could experience greater dependability and transparency with these choices. With regulatory permission pending, […]
SaltLayer Secures $8M for Bitcoin Restaking Platform
SaltLayer has closed a $8 million pre-seed investment round based on the Babylon staking mechanism and powered by Bitcoin. Multiple venture capital organizations focusing on cryptocurrency have backed the Bitcoin restaking platform, according to a statement made on X on August 22. The pre-seed investment was co-led by web3 venture capital firm Hack VC and […]
Binance Ramps up Compliance Efforts with 1000 new Hires
Binance plans to add at least 1,000 new workers, 20% of whom will be assigned to compliance-related positions by the end of 2024. In an interview with Bloomberg on August 22, Richard Teng, the exchange’s new chief executive who assumed control of Binance in late 2023, discussed these intentions. He disclosed that the exchange intends […]