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    Morph Announces Mainnet Launch on Ethereum, Paving the Way for Consumer Blockchain Adoption

    Morph, a global consumer layer for driving blockchain adoption, today announced its mainnet launch on Ethereum. The mainnet launch marks a significant milestone in building Morph’s consumer layer, serving as an expansion beyond a typical Layer 2. Morph’s consumer layer directly addresses the root causes of limited blockchain adoption, enabling ecosystem participants to exchange real assets and engage in transactions. Projects that are already building on Morph can now transition to the mainnet and continue developing their technology with this expanded scope, further driving growth of the consumer layer. Morph’s mainnet launch follows its previous Holesky Testnet that featured key upgrades including an EIP-4844 Optimistic zkVM integration to lower transaction costs and a revamped bridge mechanism to finalize withdrawals in a single transaction. Aiming to improve performance and infrastructure, the testnet saw over 6 million wallet addresses, 100 million transactions, more than 200 projects deployed, and 1 million plus members joining the community.About MorphMorph is the global consumer layer, acting as the distribution hub for the resources builders need to launch and scale for the mass market. It leverages a hybrid solution of ZK and Optimistic roll-up technology and a decentralized sequencer to enable limitless possibilities within mainstream audiences, making it a user-friendly option for developers who require a chain to build these types of apps. Bitget, the world’s leading cryptocurrency exchange, is an original investor in Morph that will continue to play a role amongst the other investors in shaping the Morph ecosystem. ContactM Group on Behalf of [email protected] article was originally published on Chainwire More

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    Ika MPC Network Brings Programmable BTC, ETH, and SOL to Sui

    Ika, the world’s fastest parallel MPC network, formerly known as dWallet Network, today announced their launch on Sui, the innovative Layer 1 blockchain and smart contract platform. An alternative option to bridging, Ika offers secure interoperability across Bitcoin, Ethereum, Solana, Polygon, Avalanche, TON and more, empowering Move smart contract developers and providing enhanced foundational infrastructure that enables institutional players to fully leverage Sui’s industry-leading decentralized technology. Ika utilizes the novel 2PC-MPC cryptographic scheme and Sui’s Mysticeti consensus to address critical limitations in existing MPC networks, delivering unprecedented performance in throughput, with minimal latency, extreme scalability and zero-trust security. Ika’s ultra-fast MPC network powers a wide range of applications on the Sui blockchain, including:The IKA token will soon launch natively on the Sui blockchain, unlocking new functionality and utility in decentralized security. As the native token of the Ika MPC network, IKA will play a pivotal role in powering its ultra-fast, scalable infrastructure, serving as the means to pay for MPC signing services, enabling seamless transactions across the Web3 space. By leveraging Sui’s unmatched speed and performance, Ika enhances the overall security and scalability of the ecosystem, adding the most promising MPC technology in blockchain to the fastest-growing L1 in Web3.“With Ika, more than $2 trillion in digital assets can now be programmed via the Sui network,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Ika’s wide variety of use cases represents incredible potential for the Sui ecosystem.” Ika’s alpha testnet is available on Sui today, with mainnet launch slated for December. About SuiSui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Based on the Move programming language, its object-centric model enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.ioAbout IkaIka is the fastest parallel MPC network, offering sub-second latency, scalability to 10,000 tps and hundreds of nodes, and zero-trust security. As the premier choice for interoperability, decentralized custody and chain abstraction, Ika is set to revolutionize digital asset security and multi-chain DeFi. Users can learn more here.ContactDarius GooreSui [email protected] article was originally published on Chainwire More

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    Bitcoin price today: climbs to $72k with record high close amid election hopes

    The world’s biggest crypto rose 1.2% to $72,055.0 by 08:55 ET (12:55 GMT), slightly below a lifetime high of $73,798.Recent gains in Bitcoin and crypto markets were driven chiefly by increased speculation that Donald Trump will beat Kamala Harris in the upcoming presidential election, with voting set for November 5. This trade picked up in recent weeks as prediction markets largely favored a Trump victory, while polls pointed to a tightly contested election. Analysts said the election was still too close to call. Trump has presented a largely pro-crypto stance in his campaigning efforts, vaguely promising friendlier regulation and vowing to make America the Bitcoin capital of the world. Trump also launched some crypto ventures of his own, to varying success. His pro-crypto stance presents a major reversal from his earlier comments that Bitcoin seemed like a scam.Recently, Harris also pledged to a crypto regulatory framework, although she did not provide any clearer details. But her comments spurred some speculation that crypto will benefit regardless of who wins the election. Broader crypto prices advanced on Wednesday, although most altcoins logged middling gains as anticipation of a barrage of economic readings and central bank meetings spurred some caution.World no.2 crypto Ether climbed 1.8% to $2,669.06, while altcoins XRP, MATIC and ADA saw mixed performance. SOL lagged, falling 2.5% as traders locked in heavy profits from the past two weeks.Among meme tokens, DOGE added 2.7%, extending recent gains. But caution still persisted in markets, especially with the focus turning to a string of key U.S. and euro zone economic readings due in the coming days. The Federal Reserve is also set to meet next week and potentially cut interest rates by a smaller 25 basis points.Beyond the U.S., China’s top political body is set to meet next week to decide on more fiscal spending. The Bank of Japan is set to decide on interest rates this Thursday, while the Reserve Bank of Australia meets next week.The 12 spot bitcoin ETFs in the U.S. saw daily net inflows reach $870 million on Tuesday, the largest since early June. This was primarily due to iShares Bitcoin Trust (NASDAQ:IBIT), BlackRock’s spot bitcoin ETF, which recorded $642.87 million in net inflows, its highest single-day inflows in more than seven months.IBIT also posted a daily trading volume of $3.36 billion, the highest since March 14. Fidelity’s FBTC had $133.86 million in inflows, while Bitwise’s BITB took in $52.49 million. VanEck’s HODL ETF attracted $16.52 million, and Ark and 21Shares’ ARKB logged $12.39 million in new funds. The remaining five bitcoin ETFs reported no inflows.Total trading volume across the 12 ETFs climbed to $4.75 billion on Tuesday, a notable increase from Monday’s $3 billion.Ambar Warrick contributed to this report.  More

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    Saudi Arabia strengthening economic transformation plan, finance minister says

    RIYADH (Reuters) -Saudi Arabia is strengthening its commitment to a plan designed to wean the economy off oil, its finance minister said on Wednesday, during a business event at which deals were signed to support the country’s economic transformation.Mohammed Al Jadaan was addressing the second day of the Future Investment Initiative (FII) conference in Riyadh, which is hosting top global business, technology and financial leaders.”Overall, I think we are very, very excited and happy with what we have achieved in the Saudi ‘Vision 2030’, but we are not complacent. We are doubling down, making sure that we do the right thing,” the finance minister said.Crown Prince Mohammed bin Salman is overseeing Saudi Arabia’s ambitious economic overhaul, known as “Vision 2030”, which aims to boost non-oil growth, expand the private sector, and create jobs and new industries.The plan, driven by the $925 billion PIF sovereign wealth fund, involves massive infrastructure projects, including building entirely new urban and industrial areas, such as a futuristic desert city called NEOM.The fund, which made its mark on the global stage with high-profile deals, such as investments in Uber (NYSE:UBER) and Japanese conglomerate SoftBank (TYO:9984), now plans to reduce the share of its overseas investments by about a third as it focuses on domestic projects, its governor told the FII on Tuesday.Foreign direct investment (FDI), which had stalled in recent years, is key for driving the transformation. The government has a target to attract $100 billion in FDI by 2030, equivalent to almost 6% of its GDP. FDI is on an upward trend, but midway through Vision 2030, FDI numbers indicate that the Kingdom could struggle to meet the objective for the turn of the decade.Despite diversification efforts, oil is still a mainstay of the Saudi economy and amid lower oil prices and production, government earnings have fallen and the Kingdom has begun a spending review, under which some Vision 2030 projects will be delayed or scaled back, and others prioritised.The high-profile annual FII event is an opportunity for Riyadh to draw in foreign funds and investment into the country.In one deal signed during the conference, PIF will be an anchor investor in a new $2 billion Middle East-focused private equity fund from Canada’s Brookfield Asset Management (TSX:BAM), which it plans to use for investments in sectors such as industrials, technology and healthcare.At least half of the capital will be invested in Saudi Arabia and international companies that are looking to expand in the Kingdom, the two companies said in a joint statement on Wednesday.Jerry Inzerillo, CEO of Diriyah, a $64 billion “giga-project” located at a UNESCO World Heritage site outside the capital Riyadh, told the audience at FII that the project was “on time and on budget” and that its value and assets could rise to “well over” $100 billion by 2030.”We are having a great FII because we closed so many deals here,” Inzerillo added. Jadaan told the audience on Wednesday investors were confident in the kingdom’s plans. “I really did not come here for Saudi Vision promises. I came here for what Saudi Vision delivered,” Jadaan quoted a “prominent” investor attending the event as telling him. More

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    US GDP expanded by 2.8% in third quarter

    Standard DigitalStandard & FT Weekend Printwasnow $29 per 3 monthsThe new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

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    No Bitcoin (BTC) Left? Exchange Reserves Print New Low Amid Market Rally

    Reduced exchange reserves generally indicate longer-term holding sentiment, which is bullish as more investors are withdrawing their holdings from exchanges. The graph of exchange reserves shows a consistent decline since the beginning of 2022, suggesting that Bitcoin is being kept in private wallets more often than it is being made available for trading. A supply squeeze brought on by this ongoing decline in liquidity, especially during times of high demand, may cause prices to rise. Bitcoin’s last all-time high was $73,679, and since its reserves are still running low, there may be a chance for it to reach that level again. The Bitcoin price chart also shows levels of support and resistance as of right now. The recent surge of Bitcoin above $72,000 is noteworthy and suggests that, should the current momentum continue, the price may continue to rise toward its all-time high. The psychological threshold of $75,000 is the main obstacle to watch. Depending on the momentum if Bitcoin breaks through this barrier, the next targets could easily approach $80,000 or higher. In the event of a pullback, the $66,000 level serves as a strong cushion on the support side. Bulls would need to defend this level in order to keep the upward momentum going.Any increased buying pressure from institutions or individual investors could raise the price of Bitcoin in a market with limited supply, especially since reserves are reaching all-time lows. In conclusion, a supply squeeze is likely to occur due to Bitcoin’s declining exchange reserves and strong demand, which could force the cryptocurrency to test past highs and establish new ones. Investors will keep a close eye on how these factors affect Bitcoin’s trajectory as it gets closer to its historical highs.This article was originally published on U.Today More

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    Bybit to Host Exclusive Forum: Bridging Islamic Finance and Cryptocurrency

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce an exclusive forum dedicated to exploring the intersection of Islamic finance and cryptocurrency. This event will take place on November 18, 2024, at 6 PM Dubai at Bybit’s Dubai office.The educational forum will feature esteemed speakers, including Dr. Muhammad Yusuf Abu Jazr (Abu Ubaidah), PhD in Comparative Jurisprudence, former member of the Iftaa’ Council, and founding director of the Crypto Halal Office, Dr. Mohammad Mahdy, Founder and Chief Executive Officer at Exaado and more. These renowned experts will share their insights on the principles of Islamic finance and the potential of cryptocurrency to align with Shariah principles.Bybit’s launch of its Islamic Account represents a significant development in the intersection of cryptocurrency and Islamic finance, effectively bridging innovation with adherence to Sharia principles. This initiative not only caters to the growing demand for Sharia-compliant trading options among Muslim investors but also aligns with the broader trends in the digital future of Islamic finance.The forum aims to educate and engage the community about Bybit’s Shariah-compliant trading products, highlighting the platform’s commitment to providing inclusive and ethical financial solutions.Key Highlights of the Forum:To RSVP, users can visit: https://lu.ma/fci5yk52#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: [email protected] more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony [email protected] article was originally published on Chainwire More

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    Grief in the workplace: Four ways to help employees cope

    NEW YORK (Reuters) – Money and sex are obvious taboo topics in the American workplace. But here is one you might not have thought of: Grief.If you ever lost someone close to you – a partner, a parent, a child – and returned to the office, you know how awkward things can get.Just ask Deborah Kearns. The writer from Aurora, Colorado, lost a sister-in-law to pancreatic cancer a couple of years ago, and had helped take care of her in the months before she passed.Kearns did get some unpaid time off, but her employer was unprepared to deal with most of the bereavement process.”Companies are reluctant to have these open conversations,” says Kearns, who also lost her mother-in-law recently. “Think about all the elements that go into sudden loss: Care in their last days, funerals, settling final affairs. It can take months.”Ironically, that represents an opportunity for employers – in terms of talent attraction, retention, productivity and loyalty.In the New York Life Foundation’s latest “State of Grief Report,” 76% of people said bereavement benefits were important when deciding on a new job.Meanwhile, 85% said they would be proud to work at an employer that was grief-supportive, and 71% were interested in taking grief support training to help colleagues through a loss.Here are ways to help employees during the most traumatic moments in their lives.OFFER BEREAVEMENT LEAVEEmployees have no federal protections ensuring them the right to take leave from work to cope with a loss, says Rebecca Soffer, author of “The Modern Loss Handbook”.”First and foremost, employers can offer clear bereavement leave policies that would ideally include at least five paid days off,” Soffer says. “Bonus points for being able to take those days in a non-consecutive way, and whenever the employee feels they need them the most.”Life insurer New York Life has gone further, changing its policy to allow up to 15 days’ paid bereavement leave, which can be taken as needed over a six-month period.BE FLEXIBLEA good manager will recognize the challenges of working while grieving and dial back expectations until the employee is feeling more like themselves again.That might mean reducing workload on a temporary basis or adjusting deadlines. It might mean more remote work or delaying performance reviews.”People need to be offered the time and flexibility to figure out where they’re going to live, transfer bank accounts or car titles, deal with medical bills that are suddenly their responsibility and find additional childcare support,” Soffer says. “All of this takes time and headspace to do.”OFFER HELP PROACTIVELY Average burial costs in the U.S. range between $5,000-$10,000, says Heather Nesle, president of the New York Life Foundation. People often raid their retirement savings to cover the tab.Add in factors like losing a partner’s income or accrued medical debt, and it can all feel financially overwhelming just when people are least emotionally equipped to handle it.To help, companies can chip in directly: New York Life’s emergency assistance fund, for instance, now includes death of a loved one as a qualifying event, providing grant money for funerals.Companies can also steer employees to more financial help, such as explaining how to apply for Social Security survivor benefits.To hunt for help by zip code, check out this resource guide here. Specialist firms like Empathy can also help people navigate what can be a complicated and confusing process.EXPAND DEFINITIONSMost bereavement policies apply to the loss of immediate family members. But what if it involves someone who falls outside of that definition? A longtime pet, for instance, or a best friend?If a company is truly empathetic about loss, it should let you decide what a “loved one” truly means. If employees feel truly supported in their darkest hour, that will pay off for everyone.”We all go through loss in our lives, and the more we talk about it, the less stigmatized it becomes,” Kearns says. “It’s okay to be not okay.” More