Gelato Raises 11 Million for Blockchain Automation Network
Gelato, a company that focuses on smart contract automation networks, recently completed an A+ round of financing. The round was led by Hack VC, with participation from Animoca Brands, IOSG Ventures and Bloccelerate VC. This additional funding will allow Gelato to expand its platform, enabling startups and enterprises to launch their own blockchain-based applications.
The new financing brings Gelato’s total funding to $23 million.
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SOL Outperforms: CoinDesk 20 Index Gains Sunday Update
The CoinDesk 20 Performance Update shows that SOL, the native cryptocurrency of the Solana blockchain, has experienced a 5.4% increase in value. This growth has led
the index to be higher compared to its value on Friday. Additionally, the CoinDesk 20 cryptocurrencies have gained an average of 1.1% in value over the same period.
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New Initiative Aims to Enhance Cross-Border Transactions Efficiency and Compliance
The Bank for International Settlements (BIS) and several central banks, including Australia, Korea, Malaysia, and Singapore, have collaborated on Project Mandala. This initiative aims to improve regulatory compliance in cross-border transactions by automating processes and ensuring real-time reporting.
Employing a compliance-by-design approach, Project Mandala works through a decentralized system with a peer-to-peer messaging system, rules engine, and proof engine. These components guarantee co
Decentralized Currency Protocol Venus Launches SolvBTC As Next Bitcoin Asset
On October 28, Venus, a decentralized currency protocol, announced that SolvBTC has been added to its core pool assets. SolvBTC is a Bitcoin reserve asset issued by the Solv Protocol, which offers Bitcoin staking. It allows users to use SolvBTC as collateral for lending while maintaining exposure to Bitcoin’s long-term value.
This inclusion will improve SolvBTC’s liquidity efficiency and expand its application scenarios.
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AI is changing how workplaces work. Here are nine new tools that are making work better in different job areas. 1. Sentiment analysis This tool helps businesses understand how their customers feel. It looks at words people use in chat, email, and comments. This way, businesses know how to make their customers happier.
2. Employee retention This tool helps companies keep their workers. It uses data to find out why workers leave. Then, it gives ideas for how to keep workers from leaving. 3. Hirin
Fan Token Sector Surges: Santos Lazio Porto Alpine OGC Lead the Rise
On October 28, the fan token market experienced a rise, with notable increases in several tokens. SANTOS is up 125.89% to $7.522, LAZIO is up 27.98% to $1.935, PORTO
is up 25.83% to $2.046, ALPINE is up 22.65% to $1.646, and OG is up 15.27% to $7.104. Fans are excited to see their favorite teams represented in this growing market.
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Crypto Today: Latest News on Bitcoin Blockchain DeFi More
Crypto news updates, including Bitcoin price trends, blockchain developments, DeFi progress, NFT advancements, Web3 innovations, and crypto regulation, are essential for stayi
ng informed on the ever-evolving industry. Regular updates provide a comprehensive understanding of the current market and help navigate the complex cryptocurrency landscape.
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Crypto Investment Products Thrive Amid Political Climate
Crypto investment products are having a great month, with $901 million coming in just last week. This represents 12% of total assets under management, making it the fourth-highest month on record. The year-to-date inflows have reached $27 billion, almost tripling the record from 2021 which saw inflows of $10.5 billion.
Bitcoin attracted the majority of inflows, with $920 million coming in. This was driven by strong demand for BlackRock’s IBIT-led spot BTC ETFs, which saw a cumulative flow of $9