Crypto News Roundup: Expansion, Bounties, Partnerships, and Fast Finality

Crypto Updates Bakkt Expands Globally, Justin Sun Promises 5% Bounty, ZEP to Join Near Metaverse Platform

Today in crypto news, Bakkt announces plans for international and domestic expansion, Justin Sun offers a 5% bounty, and the Metaverse platform ZEP will be built on the Near blockchain.

Welcome back, crypto enthusiasts! Get ready for your daily dose of crypto and blockchain news that’s flying under the radar of mainstream media. Today, we have some exciting updates in store for you. Let’s dive right in!

Bakkt Holdings Expands Globally, Making Waves in International Markets

Digital asset marketplace Bakkt Holdings has announced an ambitious international and domestic expansion plan. With plans to venture into multiple international markets by year-end, Bakkt aims to broaden its crypto capabilities and serve both existing and new clients. In Latin America, Bakkt and stock trading platform Hapi have already expanded into Mexico and Argentina, with Brazil next on the list. Moving into Europe, Bakkt plans to launch in Spain, while providing crypto trading and custody services in the UK and EU through its partnership with the crypto app 3.0 verse. Buckle up because this crypto ship is also sailing to Asia, with strategic partnerships in Hong Kong and Singapore. The expansion doesn’t stop there, as Bakkt is joining forces with EDX Markets as a backup qualified custodian. It’s like Bakkt is conquering the crypto world, one market at a time!

Justin Sun Offers 5% Bounty to the Poloniex Hacker

In a bold and unexpected move, Tron founder and Poloniex owner Justin Sun has offered a 5% white hat bounty to the alleged Poloniex hacker. Sun took to Twitter to extend an offer, urging the hacker to return the funds within seven days before law enforcement steps in. While Poloniex managed to freeze a portion of the assets associated with the hacker’s addresses, Sun assures the community that the losses are within manageable limits. Phew! It seems Sun is determined to set things right and protect the interests of the crypto community.

ZEP and NEAR Protocol Join Forces to Shape the Metaverse

The South Korean metaverse platform ZEP and Layer 1 platform NEAR Protocol have recently announced a partnership that aims to take the metaverse to new heights. The collaboration focuses on developing a business model that benefits users while enhancing convenience for developers. ZEP’s partners will have the opportunity to issue various Web3-based digital assets, making the ZEP metaverse environment even more exciting for users. This partnership is like mixing paint colors to create a vibrant masterpiece of innovation and user experience.

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NEAR Foundation and Eigen Labs: Turbocharging Ethereum Rollups

Hold on tight, Ethereum enthusiasts! The NEAR Foundation and Eigen Labs have joined forces to build an ultra-fast finality solution for Ethereum rollups. Imagine processing transactions within a mere 3-4 seconds, significantly cheaper than the current options. This collaboration guarantees increased efficiency and reduced liquidity fragmentation between Layer-2 solutions. It also allows teams to make individual decisions on how they process transactions, whether on-chain or off-chain. With all the Ethereum security guarantees intact, this fast finality layer is bound to attract teams building on Ethereum L2s. Fasten your seatbelts, folks, because Ethereum just got a turbo boost!

Aragon OSx: Multichain Governance for DAOs

The Aragon stack keeps evolving, and now it’s time for multichain governance featuring Aragon OSx. This protocol employs LayerZero for cross-chain messaging and the zkSync Era rollup for secure and low-cost voting. DAOs can now govern assets and permissions across Ethereum Virtual Machine (EVM) chains using a single mainnet DAO smart contract. This plugin can be installed in custom DAOs on Aragon OSx and will also be available on the no-code Aragon App in 2024. With increased token participation and reduced gas costs, Aragon OSx and LayerZero are revolutionizing the way DAOs operate. It’s governance made simple and seamless!

That’s all for today’s crypto news roundup. Make sure to follow our platform for more exciting updates from the world of blockchain and digital assets. And remember, in the ever-changing landscape of crypto, staying informed is the key to success. Happy investing, fellow enthusiasts!

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