Monat: Oktober 2024

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Infinex integrates Wormhole to power multi-chain DeFi app

  • Infinex is integrating Wormhole Connect for multi-chain in-app token transfers for its users.
  • The DeFi platform will also use Wormhole Queries to bolster security and for cross-chain asset recovery.

Infinex, a platform that seeks to bring more users to the decentralized finance space via multi-chain access to protocols and apps, has selected Wormhole as its primary interoperability provider.

The project founded by Synthetix creator Kain Warwick will use Wormhole’s technology to power in-app token transfers for its users. According to an announcement on Oct. 7, Infinex will leverage Wormhole Connect and Wormhole Queries to boost token transfers.

“Infinex’s vision is to simplify decentralized finance by creating a seamless, multichain user experience and providing the safest way to get onchain,” said Kain Warwick, founder of Infinex.

Efficiency and DeFi adoption

Wormhole features that will also benefit Infinex are efficiency and growing adoption across the decentralised finance ecosystem.

The platform’s interoperability infrastructure currently connects more than 30 blockchains. Protocols have tapped into Wormhole to power more than a billion cross-chain messages and asset transfers worth more than $45 billion.

Major industry players to leverage Wormhole integration include digital assets securities firm Securitize, decentralised exchange Uniswap, USDC issuer Circle and asset management giant BlackRock. Worldcoin also taps into Wormhole for its World ID integration on Solana.

The integration with Wormhole follows Infinex’s recent $65.2 million NFT sale that attracted Solana Ventures, Moonrock Capital, Framework Ventures and Wintermute.

The post Infinex integrates Wormhole to power multi-chain DeFi app appeared first on CoinJournal.

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National Bank of Bahrain launches a Bitcoin investment fund

  • The National Bank of Bahrain launches the GCC’s first Bitcoin investment fund.
  • The fund offers accredited investors exposure to Bitcoin as a capital-protecting option.
  • Bahrain ranks fifth globally in Bitcoin holdings, emphasizing its crypto-friendly stance.

The National Bank of Bahrain (NBB) has made headlines with the launch of a groundbreaking investment fund aimed at providing accredited investors with exposure to Bitcoin.

This initiative marks the first Bitcoin-linked structured investment in the Gulf Cooperation Council (GCC) region, which includes countries such as Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

National Bank of Bahrain collaborating with APR Digital

In collaboration with APR Digital, the fund is designed to cater to the growing interest in digital assets, particularly Bitcoin.

Hisham AlKurdi, Group Chief Executive of Markets & Client Solutions at NBB, in a press release, expressed pride in introducing this innovative product, stating, “We are proud to introduce this bespoke structured investment, which blends the appeal of digital asset exposure with the security of capital protection.”

This move underscores the bank’s commitment to providing wealth management clients with secure and diverse investment opportunities.

Boost for Bitcoin adoption in Bahrain

As Bitcoin continues to gain traction worldwide, the launch of this fund is a significant boost for BTC adoption in Bahrain.

The country is currently ranked fifth globally for the largest Bitcoin holdings, with a portfolio of approximately 13,166 BTC, valued at around $844 million.

Unlike some nations that acquire BTC mainly through seizures, Bahrain has been actively accumulating the cryptocurrency, positioning itself as a leader in the digital asset space.

Furthermore, the Central Bank of Bahrain (CBB) has implemented a clear legal framework to foster the adoption of digital currencies.

Recently, the CBB granted a payment service license to the crypto exchange Crypto.com, allowing it to provide crypto services to Bahraini users, further solidifying Bahrain’s status as a crypto-friendly nation.

With the introduction of this Bitcoin investment fund, the National Bank of Bahrain aims to capitalize on the growing potential of cryptocurrencies, offering clients a unique avenue for portfolio diversification in an evolving investment landscape.

As interest in digital assets continues to rise, Bahrain’s proactive approach is likely to encourage further investment and innovation in the region.

The post National Bank of Bahrain launches a Bitcoin investment fund appeared first on CoinJournal.

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Polymarket prediction data shows Trump taking the lead over Harris

  • Polymarket shows Trump leading the race; however, other betting trackers show Harris still in the lead
  • The Republicans have seen 102,000 new registered voters compared to the Democrats’ 96,000
  • Elon Musk endorsed Trump during a Pennsylvania rally over the weekend

The odds of former US President Donald Trump winning the election against Vice President Kamala Harris rose to 51% on Polymarket, the decentralized prediction market platform.

According to the platform, Harris is behind on 48.3% at the time of publishing. However, on the Election Betting Odds tracker, Harris remains in the lead, only by a small margin, at 50.1% compared to Trump’s 49.2%.

On Polymarket, the shift in first place follows as Trump received a boost in Pennsylvania, considered one of the important swing states during the election, after seeing new voting registrations. In a report from Newsweek, Republicans saw 102,000 new voters registered in the state compared to the Democrats 96,000.

Billionaire Elon Musk has also endorsed Trump following his appearance at the former US president’s rally in the state. Taking to X, Musk wrote: “Trump now leading Kamala by 3% in betting markets. More accurate than polls, as actual money is on the line.”

Backing Trump

On Saturday, the CEO of SpaceX and Tesla took to the stage in Butler, Pennsylvania in his first appearance alongside Trump, which also happened to be where the assassination attempt on Trump took place in July.

Wearing a cap with the “Make America Great Again” slogan of Trump’s campaign, Musk called the presidential nominee the only candidate “to preserve democracy in America.” As the final weeks count down to election day, this first appearance by Musk highlights the growing alliance between the two.

The topic of crypto has played an important role during the presidential election discussions. In September, Harris unveiled her first crypto-positive remarks during a New York fundraiser. If elected, Harris promised she would help grow investment in artificial intelligence and crypto in America.

Likewise, Trump has also been increasingly vocal in supporting crypto.

Trump – who said he wants to make America the “crypto capital of the planet” – became the first US president to use the Bitcoin network. He achieved this after sending a Bitcoin transaction at PubKey, a crypto-themed bar in New York ahead of his campaign rally in Long Island.

The post Polymarket prediction data shows Trump taking the lead over Harris appeared first on CoinJournal.