Swiss-based Interchain Foundation (ICF), the core developer behind cross-chain communications protocol Cosmos, will allocate $26.4 million for maintaining the said ecosystem next year. According to a December 13 announcement seen by Cointelegraph, the ICF 2024 roadmap “prioritizes funding for the Interchain Stack’s optimal functionality.” Out of the amount, $3 million will be allocated to CometBFT, the Cosmos’ Byzantine fault-tolerant engine…
Open-source blockchain developer Iota has taken another step to meet institutional demand for asset tokenization by integrating its Shimmer EVM-compatible chain with Fireblocks. Data from VanEck Research shows the total market capitalization for tokenized real-world assets (RWA) reached $342 billion in September, despite the bear market and the crypto industry headwinds. According to Dominik Schiener, co-founder of Iota, the network…
United States-based cryptocurrency exchange Coinbase announced that institutional investors on its international exchange can access spot crypto trading services. In a Dec. 13 announcement, Coinbase said institutional clients based outside the U.S. will be able to trade Bitcoin (BTC) and Ether (ETH) against USD Coin (USDC). The exchange said the services would launch on Dec. 14 and later expand to…
Enterprise-grade blockchain platform Coti is set to transition protocol to become a scalable, privacy-focused layer-2 on Ethereum in 2024. An announcement shared with Cointelegraph outlines how Coti will shift from a standalone protocol to an Ethereum layer-2 to bring its privacy features to the broader ecosystem. Coti V2’s features a cryptographic approach called garbled circuits, which allows transactions to be processed…
We’re excited to announce the introduction of trailing stop orders, now available across all spot and futures markets on the Kraken Pro web interface. This new conditional order type seeks to secure maximum upside without having to repeatedly, manually readjust orders. Trailing stop orders allow you to stay dynamic and lock in profits at a specific level once a price…
Three Arrows Capital (3AC) co-founder Su Zhu faced questioning in a Singapore court from lawyers representing the firm’s liquidator, in a bid to recover billions of dollars in assets from the bankrupt fund. Citing sources familiar with the private proceedings, Bloomberg reported that lawyers for Teneo, 3AC’s liquidator, questioned Zhu on matters including how the crypto hedge fund failed and…
The Israel-Gaza war has once again thrown the spotlight on crypto, with anti-crypto politicians seizing on exaggerated reports of crypto being used to finance terrorism to introduce harsh new legislation with the potential to crush the industry. Three days after Hamas carried out its brutal Oct. 7 attack, The Wall Street Journal published an inflammatory article stating that in the…
Bitcoin (BTC) recovered above $41,000 at the Dec. 13 Wall Street open as eyes focused on the United States Federal Reserve. BTC/USD 1-hour chart. Source: TradingView PPI target beat comes hours before Fed rate move Data from Cointelegraph Markets Pro and TradingView showed BTC price strength gaining momentum on the latest U.S. macro data releases. November’s Producer Price Index (PPI)…
Worldcoin has launched a new version of its World ID feature, called “World ID 2.0,” according to a December 12 announcement. The new version is integrated with Shopify, Mercado Libre, Reddit and Telegram, allowing users to prove their humanness to these platforms. World ID app integrations. Source: Worldcoin The new app integrations add to those that already exist, including Discord,…
Liquidity in financial markets The ease and speed with which assets can be bought or sold without materially altering their prices is referred to as liquidity in the financial markets. It’s the ability to swiftly turn an asset into cash without significantly impairing its value. High liquidity indicates a healthy market with plenty of buyers and sellers, which promotes smooth…
