Orbs, a layer three blockchain, has partnered with SYMMIO, an OTC derivatives platform, to enhance on-chain derivatives trading. Efficient Capital Deployment Orbs’ liquidity hub, which operates above AMMs, has seen high demand. The partnership with SYMMIO aims to provide similar capabilities for derivatives traders, enabling them to use their capital more efficiently. On-Chain Derivatives Use…
Economist Alex Krüger believes Solana (SOL) is undervalued compared to Ethereum (ETH). In a recent interview, he highlighted the bustling ecosystem and potential of SOL. Ecosystem Activity According to Krüger, Solana’s ecosystem is more active than ETH’s. He points to the high trading volume of memecoins on SOL, which indicates retail interest. This contrasts with…
Enhanced Security with Chainlink Integration Telefonica, a Spanish telecommunications giant, has partnered with Chainlink to bolster Web3 security by integrating Chainlink’s decentralized Oracle network with the GSMA Open Gateway. This framework provides developers with access to operator networks. Chainlink acts as a bridge, connecting Web3 smart contracts to real-world data through its oracles. In this…
Blockchain Association Opposes Warren’s DAAMLA The Blockchain Association, a powerful industry group, has launched a campaign against Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act (DAAMLA). The association argues that the bill would harm American innovation and competitiveness. Key Concerns Raised by the Association Misguided Narrative: The association claims that crypto played a minor role…
Rumors have been swirling for some time, but it’s now looking more likely that pro-XRP lawyer John Deaton may challenge Senator Elizabeth Warren in the Massachusetts Senate race. Deaton’s Serious Consideration According to the Boston Globe, Republican sources have confirmed that Deaton is seriously considering running as a Republican against Warren, who has been outspoken…
Solana’s popular meme coin, BONK, is making waves again. Here’s what’s happening: Revolut Listing BONK’s community has approved a proposal to list the token on a major European fintech platform. While the proposal doesn’t name the platform, it’s likely to be Revolut, which has over 38 million users in 50 countries. The goal is to…
Enhanced Monitoring to Curb Financial Crimes Japan’s Financial Services Agency (FSA) has ordered financial institutions to tighten their monitoring of transfers to cryptocurrency exchanges. This move aims to prevent the use of digital currencies for illegal activities. Concerns over Fraud and Money Laundering According to a report by the National Police Agency, a significant portion…
Gary Gensler, head of the US Securities and Exchange Commission (SEC), recently expressed concerns about Bitcoin’s alleged involvement in ransomware attacks. Gensler’s Critical View of Bitcoin Despite the success of Bitcoin exchange-traded funds (ETFs), Gensler has consistently criticized the cryptocurrency. He has called it a “speculative and volatile asset” and highlighted its use in illegal…
A renowned crypto analyst predicts significant growth for three altcoins: ORDI, Avalanche (AVAX), and THORChain (RUNE). ORDI: Non-Fungible Token Bridge The analyst believes ORDI, a project that aims to integrate non-fungible tokens (NFTs) with the Bitcoin blockchain, is poised for a major surge. The coin has broken above a resistance level, indicating a potential breakout….
Jeffrey Wilcke, a co-founder of Ethereum, has transferred a significant amount of ETH to the crypto exchange Kraken. Large Transactions Wilcke sent 10,000 ETH (worth $27.52 million) to Kraken on Wednesday and 4,300 ETH (worth $10.75 million) over the weekend. Purpose Unknown It’s unclear why Wilcke moved the ETH, but it could be for sale…
