Dogecoin launches new update to improve security and efficiency
The developers of the Dogecoin (DOGE) project have released a new update for the core software, which improves security, efficiency and user interface.
This latest update, Dogecoin Core 1.14.6, went live early on Thursday, and all the network participants were urged to upgrade to the latest version. The new update comprises numerous security fixes, modifications to the existing fee structure and several new features.
Tesla sells 75% of its Bitcoin holdings
Tesla Inc. sold a significant chunk of its Bitcoin holding, an investment that helped legitimize the world’s largest electronic currency.
The carmaker had converted roughly 75% of its Bitcoin to fiat currency as of the end of June, adding $936 million of cash to its balance sheet, according to its shareholder letter on second-quarter earnings.
Cardano partners with Trust Wallet to provide storage services for users
Specifically, users can purchase Cardano directly in the Trust Wallet app through this partnership.
In addition, users can also send and receive tokens of the Cardano’s Dapp, and store them easily on Trust wallet. The new feature will be available for version 6.16 on iOS and version 5.1 on Android and above.
Colombia advances regulatory framework for local crypto industry
Colombia’s government has released draft rules for crypto companies that want to operate in the country, several months after the launch of the South American nation’s regulatory “Sandbox” project. The rules propose a risk management system for money laundering and terrorism financing, as well as cybersecurity guidelines and ways to trace crypto transactions.
The approach affirms that Colombia is working toward a future where citizens will be able to buy crypto via their traditional banking accounts.
French banking giant BNP Paribas enters crypto custody space
French Bank BNP Paribas (BNP) is entering the cryptocurrency custody space via a partnership with Swiss digital asset safekeeping firm Metaco.
Crypto custody firm Fireblocks is also involved in the bank’s digital asset infrastructure, according to a press release on Wednesday.
Red Kite partners with Biswap
Red Kite announced a new partnership with Biswap, a decentralized exchange and market maker backed by BNB Chain.
With this partnership, Red Kite will promote marketing activities and bring lucrative policies to its projects and communities. In addition, Biswap will provide the necessary tools and support for new projects entering the market to accompany and accelerate their growth.
Polygon announces the world’s first ZK scaling solution fully compatible with Ethereum
Polygon announced the launch of Polygon zkEVM, the first Ethereum-equivalent scaling solution that works seamlessly with all existing smart contracts, developer tools, and wallets, harnessing advanced cryptography called zero-knowledge proofs.
Polygon has released part of the source code and roadmap for zkEVM, with its public testnet expected later this summer and mainnet launch planned for early 2023.
Crypto exchange FTX is in talks to raise more funding
FTX, the crypto exchange giant founded by Sam Bankman-Fried, is in talks to raise fresh funding, Bloomberg reported on Wednesday. The push for fresh funding comes as FTX has been striking deals to acquire rivals struggling with recent crypto market stress.
The firm is seeking a similar valuation to January, when it raised $400 million at a $32 billion valuation in a Series C round.
Lido Finance proposal wants Lido DAO to sell 2% of all LDO tokens
Lido Finance has started discussions on a governance proposal to sell 20 million Lido DAO (LDO) tokens and diversify its treasury into stablecoins to pay for its operational needs.
Jacob Blish, head of business development at Lido Finance, submitted the proposal. Per the proposal, the DAO should sell 20 million LDO tokens, or 2% of the total LDO token supply, to private investors. This, according to Blish, will secure about two years of operating runway for the Lido DAO.
Whale accumulated 16,000 ETH
According to Whale Alert, in the last 24 hours, 16,000 ETH was transferred from Houbi to an unknown wallet. This amount of Ethereum is worth $24,818,695.