The amount allocated is down from a budget of $40 million in 2023. Swiss-based Interchain Foundation (ICF), the core developer behind cross-chain communications protocol Cosmos, will allocate $26.4 million for maintaining the said ecosystem next year. According to a December 13 announcement seen by Cointelegraph, the ICF 2024 roadmap “prioritizes funding for the Interchain Stack’s optimal functionality.” Out of the…
The Iota Foundation wants to capitalize on institutional demand for real-world asset tokenization, which reached $342 billion in September. Open-source blockchain developer Iota has taken another step to meet institutional demand for asset tokenization by integrating its Shimmer Ethereum Virtual Machine (EVM)-compatible chain with Fireblocks. Data from VanEck Research shows the total market capitalization for tokenized real-world assets (RWA) reached…
Institutional clients on the Coinbase International Exchange will be able to trade Bitcoin and Ether against USD Coin starting on Dec. 14. United States-based cryptocurrency exchange Coinbase announced that institutional investors on its international exchange can access spot crypto trading services. In a Dec. 13 announcement, Coinbase said institutional clients based outside the U.S. will be able to trade Bitcoin…
Coti will look to provide privacy-focused functionality to the Ethereum ecosystem as a new layer-2 protocol. Enterprise-grade blockchain platform Coti is set to transition protocol to become a scalable, privacy-focused layer-2 on Ethereum in 2024. An announcement shared with Cointelegraph outlines how Coti will shift from a standalone protocol to an Ethereum layer 2 to bring its privacy features to…
Anti-crypto politicians in Washington are weaponizing disputed claims about crypto funding Hamas to try and pass draconian new legislation. The Israel-Gaza war has once again thrown the spotlight on crypto, with anti-crypto politicians seizing on exaggerated reports of crypto being used to finance terrorism to introduce harsh new legislation with the potential to crush the industry. Three days after Hamas…
