Crypto-news

Aptos, a blockchain startup founded by former Meta employees, announced a $150 million round led by FTX Ventures and Jump Crypto on July 25. The round brought the startup’s total funds raised in 2022 alone to $350 million. According to Bloomberg, the startup’s latest raise includes new investors such as Griffin Gaming Partners, Franklin Templeton,…

Moonbeam, a smart contract parachain on Polkadot, announced a partnership with Cosmos-based decentralized exchange Osmosis on July 23 to enable cross-chain token swaps between the Polkadot and Cosmos ecosystems. Simply put, this integration means it will be easy to transfer tokens between the two different blockchain ecosystems. Axelar Network will serve as the bridge infrastructure…

Web3 infrastructure provider Polygon announced the launch of Polygon zkEVM (zero-knowledge Ethereum Virtual Machine), which is set to become the first Ethereum-compatible scaling solution that uses the so-called “zero-knowledge proofs.” Thus, Polygon zkEVM aims to outpace Visa’s transaction throughput. Polygon first teased zkEVM at EthCC Paris in July 2021 and says it is designed to…

Elon Musk’s Tesla revealed that it had sold 75% of its Bitcoin coin because it was concerned about “overall liquidity” due to COVID-19 lockdowns uncertainties in China. This February, Tesla was holding nearly $2 billion in Bitcoin. On June 20, The Tesla team announced this statement in the company’s second quarterly meeting. While looking more…

Breaking crypto news from the last week (July 16 – 22, 2022): July 17: Yuga Labs, a creator of Bored Ape Yacht Club (BAYC), released the litepaper for its Otherside, a “starter guide” to its “world-building metaverse platform,” which is in development with software company Improbable. The document supports open development, user-generated content, and interoperability…

Ethereum on exchanges hit a four-year low alongside steady inflows into the network’s staking contract ahead of The Merge. The market cap of the second-largest cryptocurrency has rallied by more than 34.5% over the past week, reaching nearly $199 billion. On July 21, Ethereum (ETH) held on exchanges hit a 4-year low following record staking…