Umbria’s Crypto News Digest October 5th-11th
Google Partners with Coinbase to Take Crypto Payments
Tech giant Google announced today (Tuesday, 11th October) at its Cloud Next conference that it will use Coinbase in order to accept crypto payments. The new partnership will enable a select group of customers — starting with those in the Web3 ecosystem — to pay for Cloud services using selected cryptocurrencies such as Bitcoin and Ethereum.
“We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal,” said Thomas Kurian, CEO of Google Cloud.
It’s Cool for Cats
It’s hoped the strategic partnership will help expand the company’s gaming offering and be a catalyst for Cool Cats becoming the largest global NFT brand.
“We’re thrilled to work more closely with Animoca Brands and tap into their deep gaming expertise to open up new immersive experiences for the Cool Cats community,” said Cool Cats CEO, Stephen Teglas.
This comes hot on the heels of Horizon Blockchain Games announcing that it had raised $40 million in Series A funding, which would be used in part for expanding the content and reach of its Skyweaver trading card game (TCG).
Binance Smart Chain Hacked for $570 Million
Binance — the world’s largest crypto exchange — saw a total of two million $BNB stolen by a hacker. This most recent exploit affected the native cross-chain bridge between BNB Beacon Chain (BEP2) and BNB Smart Chain.
Binance said in an eco-system update that it had contacted community validators individually and was able to stop the incident from spreading.
Read more here: https://www.bnbchain.org/en/blog/bnb-chain-ecosystem-update/
Find out more about the robust security features of Umbria’s Narni bridge below.
Security features of Umbria Network’s Narni Bridge
No front-facing websites connect to Umbria’s oracle service
Cask Integrates Trader Joe
Trader Joe, the number one DEX on the Avalanche network, has been integrated into the Cask platform. Cask is a money flow automation protocol for web3, so this means that AVAX users can now automatically Dollar Cost Average (DCA) into a number of tokens including $JOE, $BTC, $AVAX, $ETH and $LINK.
Read more here.
Ethereum Drops Below Support Zone
Ethereum is on the decline once more and has dropped below the $1,350 support level against the US Dollar. This has caused some commentators to speculate that $1,150 could be on the cards if there’s a downside break below the $1,255 level.
Check out the latest price action here: https://uk.advfn.com/crypto/Ethereum-ETH/overview
Polygon’s zkEVM Public Testnet is Live
Polygon’s zero knowledge-EVM (zkEVM) public testnet is now live, a development, which the company describes as “the next step for Ethereum.”
With the introduction of this zero knowledge rollup technology, Polygon hopes to become the primary scalable system for Ethereum. Zero knowledge rollups are a sort of hybrid scaling solution, which perform computations and storage off-chain but maintain the security of the Ethereum blockchain.
DeFi heavy hitters Aave and Uniswap, Web3 social platform Lens and gaming studio Midnight Society will be amongst the first projects to deploy on the zkEVM testnet.
Optimism Retires its Warp Speed Bridge
Optimism’s experimental cross-chain bridge ‘Warp Speed’ was removed from the Optimism Gateway today (October 11th). Furthermore, the layer 2 scaling solution has announced that on November 14th it will be fully decommissioned. This won’t impact users of the network as other bridging solutions are out there :-)
Check out the fastest and cheapest bridge between Ethereum ↔️ Optimism: https://bridge.umbria.network/bridge/ethereum-optimism/eth
Fantom Lands on BitMex
$FTM is one four tokens ($BUSD, $AAVE and $DAI are the others) to be added to BitMEX. The listing on the world’s leading crypto derivatives exchange means that users can now convert $FTM and withdraw and deposit the token.
More details here: https://blog.bitmex.com/additional-token-support-crypto-conversions/
The Graph Network’s 2023 Roadmap: Move to Arbitrum on the Cards
The Graph (GRT), a web3 protocol for indexing and querying blockchain data, has announced four key areas of development in 2023 including moving the entire Graph protocol to Layer 2 chain Arbitrum to increase throughput.
“Ethereum’s high-fee environment has made it difficult for network participants to operate effectively and profitably. For this reason, moving to Arbitrum will create huge opportunity to grow the Graph network. This is extremely important for node operators that run the Indexer nodes, as well as heavy users of the protocol.”
To find out more about the roadmap for 2023, head here.
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Until next week!
The Umbria Team 🚀