Tashi and Swing will integrate Wormhole bridged tokens for USDC, USDT, wETH and others, potentially making Cosmos DeFi easier to use.
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OKX Achieves SOC 2 Type II Certification, Demonstrating its Industry-Leading User Safety, Security and Compliance Standards
Hong Kong, Hong Kong, September 20th, 2023, Chainwire OKX, a leading crypto exchange and Web3 technology company, today announced that it has successfully completed the Service Organization Control (SOC) 2 Type II audit, demonstrating that the company’s processes for governing its services, managing sensitive data and protecting data privacy meet the highest global standards. The internationally recognized SOC 2 Type II report, a framework developed by the American Institute of Certified Public Accountants, is one of the most comprehensive audits in the market. The report, completed by an independent external…
Read MoreEthereum Gas Consumption Is Down 99.99% Since The Merge
Ethereum gas consumption has plummeted 99.99% since The Merge, transforming the network into a more environmentally friendly platform. One year after the major upgrade, The Merge, which marked the transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus, Ethereum has achieved certain improvements, including a record drop in gas consumption. According to data from Glassnode Alerts, Ethereum’s daily energy consumption has been down 99.9% post-Merge. Additionally, gas fee pressure on the Ethereum network has eased despite the recent SocialFi hype. In the past, gas fees on the Ethereum network were inclined…
Read MoreAI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees
How Maker, The Sandbox and Near are using AI in crypto, plus terrible workers benefit most from AI and Google’s GPT-4 rival nears release.
Read MoreBinance.US Faces Accusations of Discovery Failures
In a Court Filing, the U.S. Securities and Exchange Commission (SEC) pointed to Binance’s document production, regulatory violations, concerns about asset control, inconsistent statements, uncooperative responses, and limited cooperation in providing witness testimonies. The securities regulator alleged that Binance.US’s holding company, BAM, failed to provide sufficient documents upon the agency’s discovery requests related to customer assets. According to the document, BAM submitted only 220 documents during the discovery process. However, these documents included “unintelligible screenshots” and items lacking “dates or signatures.” More Problems for Binance The SEC also accused Binance.US…
Read MoreCanto, Astar blockchains plan migration to Ethereum ecoystem as layer 2s
By inheriting Ethereum’s security, Canto will be more decentralized and will enable trustless guarantees when bridging assets over, Polygon Labs said.
Read MoreCan JPMorgan’s New Token Compete with XRP?
JPMorgan Chase & Co., one of the most well-established financial institutions in the world, is reportedly developing a new blockchain-powered deposit token for cross-border transactions and settlements. Bloomberg first reported the exploration on August 8. With this move, the banking giant aims to accelerate cross-border settlement processes. The new deposit token will target enterprise clients at the beginning. JPMorgan previously introduced the JPM Coin as a solution for instantaneous transactions between the bank’s customers. The deposit token, on the other hand, has similar functionality as stablecoin and central bank digital…
Read MorePrice analysis 9/15: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
The recovery in Bitcoin and altcoins is facing selling at higher levels, indicating that the overall sentiment remains negative.
Read MoreIndia Shifts Cryptocurrency Focus to Regulations
India is replacing a complete crypto ban plan with regulations, The Indian government is reportedly developing a legal framework on cryptocurrency following the G20 Summit on September 9 and 10. Accordingly, the 2023 G20’s outcome shed light on the coming crypto guidelines, which was crafted in a joint policy recommendation by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). The IMF-FSB-backed proposals primarily targeted the regulation of stablecoins and decentralized finance (DeFi) activities. However, the demand for other tokens in large in India. The policy paper explained…
Read MoreEthereum launches new testnet ‘Holešky,’ allocates 1.6B ETH for devs
Holešky testnet had a 1.6 billion ETH supply at launch, making it potentially more accessible than the older Goerli network.
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