{"id":83941,"date":"2023-11-13T09:38:54","date_gmt":"2023-11-13T14:38:54","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/bakkt-reveals-international-and-domestic-expansion-justin-sun-offers-5-bounty-metaverse-platform-zep-to-build-on-near\/"},"modified":"2023-11-13T09:38:56","modified_gmt":"2023-11-13T14:38:56","slug":"bakkt-reveals-international-and-domestic-expansion-justin-sun-offers-5-bounty-metaverse-platform-zep-to-build-on-near","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=83941","title":{"rendered":"Bakkt Reveals International and Domestic Expansion, Justin Sun Offers 5% Bounty, Metaverse Platform ZEP to Build on Near"},"content":{"rendered":"<div>\n<figure id=\"attachment_130395\" aria-describedby=\"caption-attachment-130395\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-130395\" class=\"wp-caption-text\">Source: AdobeStock \/ Ascannio<\/figcaption><\/figure>\n<p><em>Get your daily, bite-sized digest of crypto and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s news.<\/em><br \/>__________<\/p>\n<ul>\n<li>Digital asset marketplace <strong>Bakkt Holdings<\/strong> announced international and domestic expansion. Per the press release, it plans to expand crypto capabilities into numerous international markets with existing and new clients by year-end. In Latin America, Bakkt and the long-standing client, stock trading platform <strong>Hapi<\/strong>, expanded into Mexico and Argentina and also expect to go live in Brazil by the end of 2023. In Europe, the two expect to launch in Spain, and Bakkt will provide crypto trading and custody services in the UK and EU to the crypto app<strong> 3.0 verse<\/strong>. Additionally, Bakkt will partner with 3.0 verse throughout Asia, including Hong Kong and Singapore. The company said it also continues to expand with institutionally-backed clients domestically: Bakkt and <strong>EDX Markets<\/strong>, a digital asset marketplace for crypto-native firms and large financial institutions, have preliminarily agreed that Bakkt will join EDX\u2019s clearing house and custodial network, initially serving as a backup qualified custodian.<\/li>\n<\/ul>\n<ul>\n<li><strong>Tron<\/strong> founder and <strong>Poloniex<\/strong> owner Justin Sun has offered a 5% white hat bounty to the Poloniex hacker. \u201cPlease return the funds to the following ETH\/TRX\/BTC wallets. We will give you 7 days to consider this offer before we engage law enforcement,\u201d Sun <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/justinsuntron\/status\/1722951876986204259\">tweeted<\/a> on Friday. He further <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/justinsuntron\/status\/1723008641433784695\">claimed<\/a> that the Poloniex team identified and frozen a portion of the assets associated with the hacker\u2019s addresses, claiming that \u201cat present, the losses are within manageable limits, and Poloniex\u2019s operating revenue can cover these losses.\u201d<\/li>\n<\/ul>\n<ul>\n<li>South Korean metaverse platform <strong>ZEP<\/strong> announced a partnership with the Layer 1 platform <strong>NEAR Protocol<\/strong> and revealed plans for building on it. According to the press release, \u201cNEAR Protocol and ZEP aim to explore a business model that provides various benefits to users through this collaboration.\u201d The two also plan to develop Web3-related features that enhance the convenience of developers and users. A goal of the collaboration is for ZEP\u2019s partners to be able to easily issue and distribute various Web3-based digital assets, allowing users to enjoy a convenient Web3 experience in the ZEP metaverse environment, it said.<\/li>\n<\/ul>\n<ul>\n<li>The\u00a0<strong>NEAR Foundation<\/strong>, the non-profit that supports the growth and development of the\u00a0<strong>NEAR<\/strong> ecosystem,\u00a0and <strong>Eigen Labs<\/strong>, the startup building out <strong>Ethereum<\/strong> restaking protocol <strong>Eigen Layer<\/strong>, announced a collaboration to build a fast finality solution meant to power faster, less expensive transactions for Ethereum rollups, including cross-rollup transactions. According to the press release, the two teams are working together to build \u201cthe first-ever \u201cfast finality layer\u201d for Ethereum rollups,\u201d which enables transactions to be processed within 3-4 seconds instead of minutes or longer, and 4000x cheaper than the current options. This will also enable secure, low-latency cross-rollup communication, and it will reduce liquidity fragmentation between Layer-2s through increased efficiency while also allowing them to make individual decisions around the sequencers they use to process those transactions, either on-chain or off-chain. The fast finality layer retains all Ethereum security guarantees while adding both NEAR and EigenLayer guarantees, \u201cmaking it an attractive option for any team building on Ethereum L2s,\u201d the announcement said.<\/li>\n<\/ul>\n<ul>\n<li>The <strong>Aragon OSx<\/strong> protocol, the foundation layer of the new <strong>Aragon<\/strong> stack, now has multichain governance using <strong>LayerZero<\/strong> for cross-chain messaging and the <strong>zkSync Era<\/strong> rollup for low-cost and secure voting. The code is undergoing audits. Per the press release, this Aragon OSx plugin enables decentralized autonomous organizations (DAOs) to govern assets and permissions across Ethereum virtual machine (EVM) chains from one mainnet DAO smart contract. The plugin can be installed in custom DAOs on Aragon OSx and will launch on the no-code Aragon App in 2024. It leverages LayerZero\u2019s Omnichain Fungible Token Standard (OFT) to extend the capabilities of governance tokens, enabling token holders to cast votes on zkSync no matter which chain their token originated on. DAO members can also vote on zkSync to save gas costs and increase token participation, the announcement added.<\/li>\n<\/ul>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/today-in-crypto-bakkt-reveals-international-and-domestic-expansion-justin-sun-offers-5-bounty-metaverse-platform-zep-to-build-on-near.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: AdobeStock \/ Ascannio Get your daily, bite-sized digest of crypto and blockchain-related news \u2013 investigating the stories flying under the radar of today\u2019s news.__________ Digital asset marketplace Bakkt Holdings announced international and domestic expansion. Per the press release, it plans to expand crypto capabilities into numerous international markets with existing and new clients by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":83942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-83941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bakkt Reveals International and Domestic Expansion, Justin Sun Offers 5% Bounty, Metaverse Platform ZEP to Build on Near | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: AdobeStock \/ Ascannio Get your daily, bite-sized digest of crypto and blockchain-related news \u2013 investigating the stories flying under the radar\" \/>\n<meta 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