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Crypto staking service provider Lido Finance has announced plans to expand staked Ether (stETH) support across the ecosystem of Ethereum Layer two (L2) networks. In a July 18 blog post, the Lido team noted that it would initially begin by supporting Ether staking via bridges to L2s using wrapped stETH
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On Friday, Binance announced the integration of the Arbitrum One core network and opened Ether (ETH) deposits on the Arbitrum One layer two.Arbitrum is a third-generation layer-two optimistic rollup protocol that runs on an off-chain Ethereum contract and has lower costs and faster transactions than on the Ethereum mainnet.The announcement
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Israel-based StarkWare announced on Nov 16 via Twitter that it had raised $50 million in a Series C funding round, and that the firm’s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven months ago, StarkWare raised $75 million in a Series B
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Public blockchain platform Nervos Network has announced the mainnet beta launch of Godwoken.The layer-two blockchain protocol integrates Ethereum Virtual Machine capabilities and optimistic rollup mechanics to provide instant transaction finality and low fees within an Ethereum-like environment. Built upon the existing Nervos layer-one network, the multichain solution seeks to capitalize on
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A new layer-2 ecosystem is on the rise and now it has $12 million to expand operations.Aurora, a project built on the NEAR blockchain allowing for Ethereum Virtual Machine (EVM) contracts to run on the chain, has completed an equity raise of $12 million at a $150 million valuation.The round
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There has been a lot of talk about how blockchain unlocks endless enterprise opportunities. And although all this buzz has not entirely translated to tangible results, the explosion of the decentralized finance and nonfungible token (NFT) markets has laid down markers on what is achievable and how blockchain can truly
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Welcome to the latest edition of Cryptox’s decentralized finance, or DeFi, newsletter.In a week where DeFi’s parabolic growth continued elsewhere, the United States Securities and Exchange Commission Chair Gary Gensler threatened to tackle stablecoins.What you’re about to read is the smaller version of this newsletter. For the full breakdown of DeFi’s
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Bullish sentiment is on the rise on Sept. 14 as the price of Bitcoin (BTC) climbed higher throughout the morning and now takes aim at the $47,000 level. The building momentum also had a positive effect on altcoins and a handful of tokens posted double-digit gains.Top 6 coins with the highest
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Decentralized derivatives and synthetic asset trading protocol, Synthetix, has launched trading on the Optimistic Ethereum layer two scaling platform.The long-awaited launch was announced by the Synthetix protocol exchange Kwenta on July 30. It enables the exchange to offer faster transactions and lower fees using optimistic rollup technology.Initially, there will be
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Metis can drastically decrease the wait time between layer-two and layer-one network communications.As the most widely adopted decentralized smart contract platform, Ethereum is a dApp powerhouse, but it has become a victim of its own success. Metis is launching a layer-two solution on top of the Ethereum network to mitigate
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