Immutable taps Fireblocks to help game developers manage digital assets
Immutable teams up with Fireblocks to secure asset management for Web3 games, NFTs and DeFi projects within its ecosystem.
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Immutable teams up with Fireblocks to secure asset management for Web3 games, NFTs and DeFi projects within its ecosystem.
Fireblocks now supports AWS Nitro Enclaves, enhancing security for customers using Fireblocks API Co-Signer. Learn more about this development. (Read More)
Fireblocks launches a suite of self-service tools to help blockchain startups innovate quickly and securely. (Read More)
HTX integrates Fireblocks Off Exchange to mitigate counterparty risk and enhance digital asset security and user experience. (Read More)
Bybit integrates Fireblocks Off Exchange, aiming to bolster security and transparency for institutional traders by mitigating counterparty risks. (Read More)
Fireblocks announces its first Global Custodian Partners: CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu, enhancing secure digital asset custodianship. (Read More)
After falling below the $121 price mark last week, the Solana has shown a strong rebound. The SOL price is up 19% from the local low. But the current setup of the Solana price suggests the potential for an even stronger upward breakout, similar to that of summer 2021, according to popular crypto analyst Daan de Rover, better known as Crypto Rover. From the end of July 2021 to the beginning of November 2021, SOL rallied by more than 1,100%. The chart shared by Rover displays Solanas price action on a weekly timeframe, showcasing the formation of a descending triangle pattern similar to 2021. A descending triangle in this setting can be considered a continuation pattern, often leading to a breakout to the upside, especially following a prior uptrend. Currently, SOL is trading around $141. The base of the triangle, acting as a support zone, is between approximately $120 and $130. Meanwhile, the descending upper trendline currently caps the price. Related Reading: Bonk Inu (BONK) Skyrockets 10%, Dethroning WIF As Solanas Largest Meme Coin If the Solana price breaks above this descending trendline, Rover predicts that Solana could repeat history and explode beyond $800. SOL will go parabolic soon, Rover asserted via X. However, investors need to monitor the $120 support level closely. A sustained move below this could invalidate the bullish scenario, whereas a strong upward push through the triangle’s upper boundary could set the stage for the anticipated rally. Potential Catalyst: Solana 2.0 Makes Major Progress A potential catalyst for the breakout comes from the Jump Crypto team. The Solana network is about to get a major infrastructure update with the new Firedancer client which is currently being developed. @CantelopePeel, an engineer at Jump Crypto, shared via X today, Full Firedancer client built its first accepted block on Solana testnet. Full Firedancer client built its first accepted block on Solana testnet. pic.twitter.com/T7FgkbHT8N CANTELOPEPEEL (@CantelopePeel) July 10, 2024 He added, “Of course what you are not seeing here is that Firedancer built another 3 blocks after this, got skipped, then detected that it had mismatched against the rest of the cluster, and then summarily shutdown (gracefully, of course).” Related Reading: Solana Mirroring 2021 Bullish Pattern, Crypto Analyst Reveals The transparency in detailing both successes and hurdles reflects the ongoing complexity to scale the technology. “Fixing that is a tomorrow problem! Still a ton more to do, but hey at least you can see it on the blockchain now!” he added. This introduction of the Firedancer client to the Solana ecosystem is probably the biggest technical update thus far. Helius Labs CEO Mert Mumtaz expressed his enthusiasm for the progress via X, noting, “Firedancer has been achieved internally. No one is ready for this. Accelerate.” His remarks underscore the disruptive potential of the new client. He further elaborated on the significance of this development: “Firedancer is the 2nd Solana client (the software that nodes run) and arguably one of the most performant pieces of open source software ever created. Solana 2.0 if you will.” On Monday, Jump Crypto announced a new bug bounty initiative targeting Firedancer v0.1, nicknamed Frankendancer. As reported by Bitcoinist, this security initiative invites developers and ethical hackers to probe the client for vulnerabilities. The initiative comes with a substantial $1 million prize pool, facilitated through the cybersecurity platform Immunefi. At press time, SOL traded at $142.82. Featured image from Shutterstock, chart from TradingView.com
Stephen Richardsons view aligns with Bloombergs ETF analysts, who expect the spot Ether ETFs to capture 10%20% of the flows that Bitcoin ETFs did at launch.
Fireblocks has integrated with THORChain to offer secure custody and transfer of RUNE, enabling seamless cross-chain settlements. (Read More)
Fireblocks collaborates with TRES Finance to streamline Web3 accounting and financial reporting, offering automated solutions to meet regulatory demands. (Read More)
The partnerships provide MPC technology, significantly improving security measures compared to traditional multisig solutions or single private keys.
Fireblocks collaborates with Celestia to boost blockchain scalability and usability within the Cosmos ecosystem. (Read More)
Fireblocks expands support to Coinbase International Exchange, offering new trading features for institutional and retail clients. (Read More)
Archax, the exchange, broker, and custodian for digital assets, has integratedFireblocks, a platform supporting blockchain applications and digital assetmanagement. This partnership aims to strengthen the security of Archax'soperations and extend product offerings and market reach.
Archax Expands Digital Asset Custody Services
According to the press release, this collaborationenables Archax to manage its treasury operations more efficiently and leverageFireblocks' multi-layer security to safeguard customer funds. By integrating Fireblocks, Archax aims to benefit fromthe company's Multi-Party Computation technology and Intel SGX. The FCA-regulated firm emphasized the importance of collaborating with technology providers togive customers more choices.
The integration with Fireblocks also allowsArchax to extend its suite of services to include crypto OTC and exchangeofferings alongside supported crypto trading pairs. Archax's custody service supports other functions, such as the tokenization engine, which handles money market funds and Real World Assets, and the exchange platform, which offerstrading in both crypto pairs and regulated digital securities.
Archax is pleased to announce integration with @FireblocksHQ to expand its #digitalasset #custody service and leverage the Fireblocks network.Read more here: https://t.co/NOZ5eqesQO#crypto #blockchain
Archax (@ArchaxEx) May 28, 2024Archax's partnerships extend beyond Fireblocks. Thecompany has collaborated with Metaco, now Ripple Custody, to enhance itscustody capabilities further.
Additionally, in March, Archax partnered with Talos, aninstitutional crypto trading platform. This collaboration aims to boostinstitutional access to digital assets by combining Archax's regulatoryexpertise with Talos. Archax's partnership with Talos will enable the former toleverage its FCA crypto asset registration alongside Talos' network of cryptoliquidity providers and venues.
Integration into Talos' Platform
The two entities expect that this collaboration willstrengthen Archax's over-the-counter (OTC) trading desk and enhance liquidityand efficiency in navigating crypto markets.
Archax announced that it will integrate its institutional-grade exchangeand custody services directly into the Talos platform, expanding itsofferings to Talos' institutional trading network. This includes regulateddigital assets such as tokenized money market funds and cryptocapital-protected notes.
Additionally, Archax plans to introduce crypto/MMF pairs to enhance security and profitability for investors, offering regulated MMF instruments and thereby reducing counterparty risks. These pairs will be available on Archax's platform, expanding from Bitcoin and Ethereum to include Solana and Litecoin and trading against USDC and GBP.
This article was written by Jared Kirui at www.financemagnates.com.
Institutions are keen on DeFi, and its use among them is growing, but on-chain risks are hamstringing further adoption, says Fireblocks Shahar Madar.
Circle Internet Group announced plans to introduce the Circle Payments Network (CPN) in May. The platform seeks to facilitate instant cross-border payment settlements through regulated stablecoins USDC and EURC. The Circle Payments Network strives to connect real-time domestic payment systems which allows efficient cross-border money transfers. The payment network will link financial institutions such as […]
NVIDIA TensorRT optimizes Adobe Firefly, cutting latency by 60% and reducing costs by 40%, enhancing video generation efficiency with FP8 quantization on Hopper GPUs. (Read More)
Fireblocks appoints Michal Ferguson as CMO to lead its market expansion and enhance its blockchain and digital asset management platform.
Sygnum Bank has expanded its over-the-counter custody solution Sygnum Protect to Deribit, the largest crypto options exchange. This integration enables institutional traders to trade on Deribits contracts while banking on platforms custody platform. The move is due to reduce counterparty risks and keep the funds out of the exchanges in order to shield them against […]
Russia’s president, Vladimir Putin, has slammed the actions of the elites in the U.S. and Europe, stating that they do not always act in the best interest of their own people. “It will backfire on them,” he said. Putin also called for a cohesive response to the West’s economic aggression, emphasizing that Russia will strengthen
The post Putin: US Policies Will Backfire, Russia to Expand Relations With Countries in Eurasia, Africa, Latin America appeared first on BTC Ethereum Crypto Currency Blog.
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