Cross-chain protocol According to CoinDesk, Axelar intends to develop a blockchain-based solution that would allow businesses and customers to quickly connect with decentralised applications (dapps) on Microsoft’s Azure cloud platform. The current market provides few options for developers and organisations looking to provide one-click user interoperability across several blockchain ecosystems, according to an Axelar spokesperson

According to a recent tweet by Worldcoin, Spain has become the company’s largest operating market in Europe. According to the tweet, more than 20,000 people sign up each month for World ID, Worldcoin’s proof-of-personhood method that preserves anonymity. This statement comes as Spain has made significant strides in the development of its artificial intelligence (AI)

Arkham Intelligence, an on-chain data provider, has launched a marketplace where users may purchase and sell on-chain cryptocurrency data. The Arkham Intel Exchange marketplace will include a native coin (ARKM) that is intended to “deanonymize the blockchain.”.The cryptocurrency will be launched on the Binance Launchpad, with 50 million tokens available for purchase, representing 5% of

Bankrupt crypto lender Voyager Digital has witnessed more than $250 in net outflows since resuming withdrawals on June 23, a year after filing Chapter 11 and halting withdrawals. According to Dune Analytics, the site currently has $176 million in cryptocurrencies. Voyager Digital has a Clean Asset ratio of 96.15%, omitting its native token VGX. The

By the end of this decade, the globe may have around 15 retail central bank digital currencies (CBDCs) in use, according to a study by the Bank for International Settlements (BIS).Nine central banks have also stated they’re “very likely” to issue a CBDC for wholesale usage in financial markets over the next six years, according to BIS, an organization with headquarters in Switzerland and is controlled by 63 central banks that collectively account for almost 95% of the global economy. According to the research, 93% of the 86 central banks examined by the BIS are now working on CBDC projects, with major nations like India, the U.K., and the European Union all seriously considering issuing a digital counterpart of their fiat currencies.The report stated that “global work on CBDCs has made further progress” since last year, with the work being particularly intense in emerging economies where it is considered as a method to assist the unbanked.Retail CBDCs should complement and coexist with other domestic payment options if they are issued. Cross-border remittances and consumer purchases were found to be the most common applications of stablecoins and other crypto assets, according to the poll results.The latest BIS poll, released in May 2022, concluded that the booming private crypto market had prompted central banks to consider their choices, though in certain areas, enthusiasm may have cooled after the 2022 crypto meltdown.The survey discovered that during the course of the year, more central banks have expressed a low likelihood of issuing a CBDC, with fewer still undecided. The Bank of England predicted the need for a digital pound earlier this year, while the European Commission unveiled a draft in support of a digital euro in June.According to the U.S. Treasury, it is looking into ways to make digital transactions as secret as feasible.Retail CBDCs have already been adopted by monetary authorities in the Bahamas, Eastern Caribbean, Jamaica, and Nigeria, while trials of a digital yuan in China have sparked concerns about the technology’s potential for governmental spying.

A phishing link was placed in the tweet and shared with the hack’s victims, leading them to believe it was from the Fantom Foundation. Hackers continue their persistent onslaught, showing no signs of relenting. Scammers began sharing a phishing link on Twitter shortly after the Multichain hack. The fraudulent distribution of Fantom FTM to individuals

AntChain, a subsidiary of Ant Group, has unveiled a new architecture upgrade for its privacy cooperation platform, AntChain FAIR, which includes Zero-Knowledge Proof (ZKP) as a basic technology for verifiable computation. This extends reliable data transfer to the validation of computing processes, data properties, and identities. ZKP is a cryptographic approach that allows one party

The overall number of new addresses added to the XRP Ledger increased significantly, reaching 138,790, marking a 31.8% increase over the same period in 2022.Despite ongoing concerns about the Ripple vs. SEC litigation, The XRP Ledger (XRPL) has shown tremendous growth in several areas of its protocol during the second quarter of 2023, according to

Marathon Digital, a bitcoin mining startup, attributes the recent decline in Bitcoin mined in June on Texas weather and a decline in transaction fees. According to a statement from Marathon Digital dated July 5, the total amount of Bitcoin produced in June decreased by 21% from May. The influence of the weather in Texas, where Marathon’s major operations are based, was the main explanation given for the reduction in production, which saw 979 Bitcoin produced throughout the month. The start of June marks the transition from spring to summer in Texas.  “The decreased production relative to last month was due to weather-related curtailment in Texas and a significant decrease in transaction fees.”the statement said. The average temperature increased by about 8.4 degrees fahrenheit between May and June, according to information from the National Weather Service in Dallas, Texas.June had an average temperature of 84 degrees whereas May had 75.6.According to a Feb. 6  report, Riot Platforms, a crypto mining company, saw 17,040 rigs go offline at its Texas operations as a result of the “severe winter weather” in the state. According to the statement, transaction fees for Marathon Digital decreased from 11.8% of all Bitcoin earned in May to roughly 5.1% in June.Although network congestion decreased in June, it was highlighted that the development of Bitcoin Ordinals dramatically boosted transaction costs in May. Despite this, the business stated that it still has a good prognosis for the “future of mining economics.” This is not the first time Texas weather has significantly affected cryptocurrency miners.According to Peter Wall, CEO of cryptocurrency mining company Argo Blockchain, which runs a data center in West Texas, the Electric Reliability Council of Texas issued a conservation alert in July 2022, forcing Argo and many other mining operators in the region to temporarily halt mining operations.More recently, a report published on July 5 by cryptocurrency analytics platform Coin Metrics indicated that the second quarter of 2023 saw Bitcoin miners earn $184 million from transaction fees, which is more than they did for the entire year of 2022.

Three of Binance’s senior management have declared that they will be leaving the organization.Although this is being interpreted by market experts as executives jumping ship, CEO Changpeng Zhao downplayed it on Twitter by calling it just “usual turnover.” According to a Fortune article, numerous senior employees, including Han Ng (general counsel), Patrick Hillmann (chief strategy officer), and Steven Christie (SVP for compliance), have told Zhao of their leaving this week.Changpeng Zhao (CZ), the company’s CEO, meanwhile, seems to be ignoring the news and maintaining a confident demeanor.On Friday morning (Asia time), CZ clarified the situation on Twitter by highlighting that news organizations had given erroneous information regarding the causes for the departures. He referred to the stories as “FUD,” a word for fear, uncertainty, and doubt that is frequently used in the cryptocurrency industry.Zhao stated in his tweet that employee turnover is common in businesses due to shifting markets, the developing global environment for cryptocurrencies, and individual circumstances.He offered his condolences to the departing team members and thanked them for their efforts to the expansion of the business.Zhao also used the occasion to praise the team members for excelling in their new positions and congratulate them.

Circle, the issuer of the USD Coin (USDC), has frozen $63 million in three wallet addresses linked to the hack of the cross-chain bridge platform Multichain. In a recent tweet, security firm PeckShield disclosed that Circle has frozen $27.65 million, $30.1 million, and $5.5 million in three wallet addresses that experienced a major outflow of

Polygon Labs, the business behind the Polygon blockchain, has announced management changes as it prepares for the next chapter of its corporate evolution, dubbed “Polygon 2.0.” Marc Boiron, the company’s chief legal officer, has been appointed to CEO, while President Ryan Wyatt will step down at the end of July and remain in an advising

Three Arrows Capital (3AC)’s liquidator may attempt to recoup around $1.2 billion from Digital Currency Group (DCG) and cryptocurrency lender BlockFi by clawing back payments made by the hedge fund as liquidation approached but before the procedure began. A confidential July 7 report from Teneo, the liquidator,that CoinDesk examined included “prospective claims” totaling more than

Stellar (XLM) saw a drop in price during the previous week, going from $0.1 to $0.096. This indicates a value decline of -13.42%. Furthermore, XLM had a slight decline of -0.61% over the last 24 hours. These price changes show that there is a slight bearish mood dominating the cryptocurrency market, and that XLM is

According to the monthly employment report from the Bureau of Labor Statistics (BLS), the United States added 209,000 jobs in June, which was down from a downwardly revised 306,000 jobs in May and somewhat below estimates for 230,000 jobs.Originally, 339,000 jobs were added in May.Contrary to forecasts, the jobless rate decreased to 3.6% in June from 3.7% in May.In the moments following the publication of the article, the price of bitcoin (BTC) increased slightly to $30.250. The announcement follows the ADP’s shocking jobs report for June, which saw 497,000 jobs added versus the 220,000 predicted, dramatically raising interest rates and sending bitcoin plunging by roughly $1,000, or more than 3%.This morning’s employment data is noteworthy for ending an extraordinary string of 14 consecutive months of exceeding forecasts, despite having only a little headline miss.Examining the report’s specifics, we see that the labor force participation rate remained constant at 62.6% for the fourth consecutive month.In June, average hourly wages increased by 0.4%, exceeding expectations of 0.3%.Average hourly earnings increased annually by 4.4%, which was above expectations of 4.2% but unchanged from May. The number of jobs added in May was revised downward by 33,000, while the number of jobs added in April was reduced downward by 77,000 to 217,000.The April and May figures were reduced by 110,000 jobs overall due to revisions.Even though there is still a ton of economic data to come in July, today’s report is the final one on national employment before the Federal Reserve’s interest rate decision meeting in late July.Prior to these most recent figures, markets were nearly certain that the central bank will resume raising interest rates at that meeting. Consumer Price Index (CPI) data shows that while inflation is currently 4.0%, it peaked at 9.1% in 2022, much beyond the Federal Reserve’s 2% target.Furthermore, the core CPI, which excludes volatile food and energy prices, has been more resistant, with its current rate of 5.3% being much more gently down from its peak of 6.6% last year.To date, the jobs situation has remained positive despite the central bank’s apparent opinion that a more sluggish employment picture is required to bring inflation under control.It remains to be seen if today’s weaker payroll figures signal the start of a trend.

The U.S. Securities and Exchange Commission (SEC) is looking into team members of the decentralized finance (DeFi) platform BarnBridge in the most recent regulatory dispute a crypto startup in the nation has encountered. With BarnBridge’s interest rate swaps, any variable yield provided by cryptocurrency platforms like Aave or Compound may be changed to a fixed

According to the New York Times, Tom Brady, the quarterback for the New England Patriots and seven-time Super Bowl champion, served as an ambassador for the FTX bitcoin and crypto exchange. He promoted the new company as the most dependable establishment in the cryptocurrency market through a variety of venues, including a Super Bowl advertisement,

For the first week of July, crypto storage tokens outperformed high cap tokens such as bitcoin and ether with tokens such as Filecoin’s FIL and Storj’s STORJ On Tuesday,The Storj protocol’s native token jumped 43%. It has lately gained 15% in the last seven days % although it has subsequently receded slightly. Filecoin’s FIL, a

Following the recent passage of legislation permitting stablecoins in Japan, payment services business Circle is considering the issuance of a stablecoin. Jeremy Allaire, the firm’s co-founder and CEO, maintained that if stablecoins are more used for global commerce, foreign currency transfers, and cross-border trade, Japan might become a key market. Japan’s stablecoin bill establishes a