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Router Protocol, a project aimed at connecting multiple blockchains, has raised a $4.1 million funding round.Router, which raised $485,000 of seed funding last year, now has the backing of Coinbase Ventures, QCP, De-Fi Capital, Polygon, Wintermute, Shima, Woodstock and Bison Ventures.As the blockchain universe matures, liquidity is at risk of
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Even so, vetting PII is table stakes whenever money’s involved online. Identity, credit scores and social network reputation metrics “will help make the Web 3 markets much more efficient,” and accessible to the non-crypto crowd, said Osama Khan, who previously worked at customer data platform Segment. Original Source
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The government of Gibraltar, a British territory at the southern tip of the Iberian Peninsula, has started a pilot program aimed at utilizing blockchain technology to store official credentials on its systems.In a Tuesday announcement, Her Majesty's Government of Gibraltar said it had partnered with Mexico-based cryptocurrency exchange Bitso and
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On Tuesday morning, Ardana, a stablecoin and lending hub on Cardano, announced an agreement with NEAR protocol, a layer 1 Ethereum alternative. Per a press release provided to CoinDesk, Ardana received a grant from NEAR to build a crosschain bridge between Cardano and NEAR. Original Source
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They also have the freedom to choose what networks and what tools to use. At NEAR, we believe the future is multi-chain, not “one blockchain to rule them all,” which is why we’ve spent the past 12 months building bridges between networks. A developer on Ethereum, for example, can take
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Multiple CBDC bridge, a project by four monetary authorities to build infrastructure to connect central bank digital currencies (CBDC), revealed 15 use cases and 22 participants for the project at Hong Kong Fintech Week on Thursday.The project is a collaboration between the Bank of Thailand, the Central Bank of the
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Bondly has announced a new functionality on the Cardano blockchain that is aimed at creators. Energy consumption has been a major problem on the Ethereum network, especially given the increased usage of the blockchain over the past couple of months. Developers behind the project have been working towards moving the
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With the future of decentralized finance (DeFi) increasingly appearing to be multi-chain, the need to shuttle assets between blockchain networks has never been higher.The bridge market, however, is largely dominated by centralized solutions or a handful of decentralized incumbents – a state of affairs one startup is looking to disrupt.Symbiosis
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During the first week of September, the Wormhole Network’s ethereum ↔ solana bridge was introduced to the Solana community and the following week, developers released a bi-directional connection for blockchain non-fungible token (NFT) collectibles. On Monday, the Wormhole dev team revealed it has added Binance Smart Chain support to the
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The dramatic short squeeze of the stock of video game retailer GameStop this January was the moment when r/WallStreetBets finally transformed from a humble Reddit forum into a financial force that can no longer be ignored. But lost among the memes, trading app drama and hand-wringing over the sanctity of
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