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Jump Trading has spun off its cross-chain protocol, Wormhole, into an independent entity amidst a backdrop of major security breaches and ongoing regulatory scrutiny. Jump Trading has officially separated Wormhole, a prominent cross-chain protocol, establishing it as an independent entity. This move, as reported by Bloomberg, has led to the departure
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Half of Sandoz’s revenue comes from Europe. Thus, it will be looking to leverage its brand presence in Europe for further growth. Emerging reports suggest that Novartis has completed the spinoff of its Generics and Biosimilars division, Sandoz, on Wednesday, October 4. The Swiss drug company first made its intention known in
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Blockchain network Avail has launched a testnet data availability bridge to Ethereum, according to a July 7 announcement. Once testing is completed, the bridge will allow developers to easily create “validiums” or low-cost layer-2s that do not store full transaction data on Ethereum, the announcement stated.Avail was originally created by
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Alibaba Cloud has emerged as an early IPO candidate and will reportedly pursue a 7% staff layoff amid its ‘streamlined’ restructuring. The cloud arm of Chinese e-commerce giant Alibaba Group (NASDAQ: BABA) has begun a layoff set to affect 7% of its total workforce. Sources describe the downsizing as part of broader measures
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Despite the success of Kenvue’s IPO, Johnson & Johnson remains under allegations that some of its talc products are cancerous. Kenvue, the consumer-health spinoff announced by Johnson & Johnson (NYSE: JNJ) last year, has become the largest US IPO in over a year after going public on Thursday. The Kenvue brand
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One of the major aims of the rebranding exercise is to widen the scope of Halo Wallet operation beyond Web 3.0. Decentralized KuCoin Wallet is expanding from being a simple Web 3.0 wallet to what can serve on a social finance (SocialFi) scale. According to a Monday announcement, the rebranding which
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ETHDenver, a community-run conference managed by token-holder members in a decentralized autonomous organization (DAO), reached new heights this year; on the first day of the main event, a staffer said there were over 16,000 tickets to be checked in – a sellout. The event had 600 staffers, Paller said. Source
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In Rogozov’s view, Telegram is not just a messaging app: It’s a major content platform because its many channels function as media outlets. That means the current boom in content creation will benefit it and boost the development of crypto tools aimed at rewarding those creators – including Toncoin’s donation
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“The key question here is, whether the U.S. justice system would be willing to dig into the connection [between Telegram and Toncoin] and whether Durov would have enough time and money for a new round of fighting,” said Fedor Skuratov, a former community manager at TON Labs, the venture-backed company
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An investment company spun off from South Korean telecoms provider SK Telecom has acquired a 35% stake in crypto exchange Korbit worth 90 billion won ($75 million).According to a report by Korea JoongAng Daily, SK Square became Korbit’s second-largest shareholder behind NXC, the owner of video game company Nexon.SK Square
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