Month: January 2025

LayerZero Integrates with Cronos EVM and zkEVM, Connecting 115+ Blockchains

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Cronos Labs and LayerZero announced the integration of LayerZero’s cross-blockchain interoperability protocol into Cronos EVM and Cronos zkEVM. This includes both mainnet and testnet networks so that developers can create bridges and applications that link Cronos to over 115 blockchains supported by LayerZero, including Ethereum and Solana. It is a protocol that enables the transfer … Read more

Sam Altman’s Stargate is science fiction

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Stargate is a staggering power grab. OpenAI CEO Sam Altman has spent the past year seeking an absurd amount of computing power to train the company’s AI models — one report says Japanese officials literally laughed at the amount of electricity he demanded. The stakes were clear: without massive computing resources, OpenAI risked losing ground … Read more

Floki Launches Massive Marketing Campaign With CoinGecko To Promote Floki Trading Bot

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MIAMI, Florida, January 29th, 2025/Chainwire/Floki has announced a strategic three-month marketing campaign in collaboration with CoinGecko, the world’s largest independent cryptocurrency data aggregator. Set to launch on Jan. 31, the campaign aims to showcase the Floki Trading Bot to millions of crypto users globally. CoinGecko’s extensive ecosystem will serve as the campaign’s platform, leveraging over … Read more

CoinDesk 20 Performance Update: LINK Gains 4.6% as Index Inches Higher From Thursday

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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3868.63, up 0.4% (+16.75) since yesterday’s close. Fifteen of 20 assets are trading higher. Leaders: LINK (+4.6%) and ETH (+3.2%). Laggards: XLM (-3.2%) and XRP (-0.9%). The CoinDesk 20 … Read more

Trump’s first round of tariffs is almost here

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Electronics, avocados, vegetables, cars, tractors, crude oil — these are some of the things that could soon get more expensive for US consumers. Under President Donald Trump’s proposed plan, goods coming in from Mexico and Canada will be subject to a 25 percent tariff beginning on February 1st. White House press secretary Karoline Leavitt has … Read more

UBS Tests ZKSync’s Layer-2 Tech, Showing Deeper TradFi Interest in Crypto

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Swiss banking giant UBS said that it completed a proof-of-concept of its UBS Key4 Gold offering on the Ethereum layer-2 network ZKsync. The simulation, which was conducted on a ZKsync test network, is a sign of renewed interest in blockchain technology among traditional financial institutions. This isn’t UBS’ first experiment with blockchain. The bank previously … Read more

Grayscale Unveils New Dogecoin Trust

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Grayscale has rolled out a new trust offering exposure to dogecoin (DOGE), the asset manager announced Friday. “Dogecoin represents a paradigm shift in global financial accessibility,” Grayscale’s head of product & research, Rayhaneh Sharif-Askary, told CoinDesk. “Its low transaction costs and rapid transfer speeds make it an optimal vehicle for international remittances, particularly in regions … Read more

How DeepSeek crashed the AI party

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The DeepSeek story contains multitudes. It’s a story about the stock market, whether there’s an AI bubble, and how important Nvidia has become to so many people’s financial future. It’s also a story about China, export controls, and American AI dominance. And then, somewhere in there, there’s a story about technology: about how a startup … Read more

Adobe’s head of product is joining A24 to make movies

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Swapping product for movie production. Behance co-creator Scott Belsky has announced he’s leaving his position as Adobe’s Chief Strategy Officer to become a partner at independent film production company A24. Belsky initially joined Adobe when it acquired the Behance artist portfolio platform for $150 million in 2012.  Following a brief departure in 2016, he rejoined … Read more

XRP Ledger ‘Clawback’ Goes Live in Boost For Ripple USD Trading

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A clawback amendment went live on XRP Ledger earlier Friday following a validator vote with more than 90% in favor. The amendment means Ripple’s dollar-pegged stablecoin RLUSD, a clawback token, can be floated and exchanged directly on XRP Ledger’s DEX, enhancing its liquidity and trading options and likely boosting decentralized finance (DeFi) activity on the … Read more

Disney’s Star Wars hotel jumps from deep space to office space

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Picture this, but with more desks and a breakout area. Disney’s extraordinarily expensive Star Wars hotel isn’t coming back. The building that housed the Galactic Starcruiser is being converted into office space, scuppering hopes that it could be reborn or repurposed into a new interactive attraction. The Wrap reports that the hotel will be converted … Read more