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Hex Trust joins blockchain interoperability solution hashport as validator » CryptoNinjas

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Hex Trust, a cryptocurrency custody provider, announced today it has joined blockchain interoperability solution hashport as a validator. Developed by Limechain and BCW Technologies, hashport is designed to enable greater interoperability across blockchain systems.

Currently, there are over 100 active public blockchains in the market, each with unique apps, security models, consensus mechanisms, and design trade-offs.

hashport aims to unify this increasingly fragmented landscape with a public infrastructure utility that strikes the right balance between security, speed, cost, and ease of use. Initial integrations will focus on Hedera Hashgraph, Ethereum, and Polygon, with additional protocols to be added.

“hashport brings the digital assets industry one step closer to a multi-chain market structure designed to unlock greater productivity and utility across individual ecosystems, providing users with seamless access to the ever-increasing range of protocols and decentralized applications. At Hex Trust, we are convinced advocates of cross-chain connectivity as a way to extract the full potential of multiple blockchain protocols and create an integrated framework that can adjust, upgrade and support an infinite number of use cases.”
– Alessio Quaglini, CEO & Co-Founder of Hex Trust

Moreover, there are many different bridge projects that give users more choice when it comes to transferring information between two or more blockchains. There are four main types of bridges including asset-specific, chain-specific, app-specific, and generalized.

As a generalized bridge designed for transferring information across multiple blockchain systems, hashport’s value to the user compounds with every integration through network effects, as each additional connection to a project gives access to the entire ecosystem within the bridge.

“hashport ushers in a new era of interoperability, empowering users to explore an ever-expanding array of distributed networks, use cases, and opportunities that were previously out of reach. By combining the power of Hedera’s Consensus Service with hashport’s world-class validator swarm, an unrivaled level of functional trust is created.”
– Jesse Whiteside, Director of Business Development at hashport



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Matrixport’s EVM multi-chain “DeFi Connector” Cactus Custody integrates with MetaMask Institutional » CryptoNinjas

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Cactus Custody, a qualified institutional custodian solution powered by Matrixport, today announced that it is the first MetaMask Institutional (MMI) integrated custodian able to support MMI’s multi-chain capabilities and all EVM compatible chains.

This feature called “DeFi Connector” offered by Cactus Custody enables institutional clients seamless and secure connection with decentralized finance (DeFi) protocols via MMI.

The successful upgrade, enables multi-chain connectivity access across all Ethereum Virtual Machine (EVM) compatible chains, sidechains, and layer-2s, including but not limited to Ethereum, Binance Smart Chain, Polygon, Smart Bitcoin Cash, Avalanche, Fantom, Arbitrum, HECO, Harmony One and Celo, etc.

“Our offering concurrently delivers the highest level of security and usability to institutions seeking to tap into the vast opportunities within DeFi. We are fully committed to enabling multi-chain capabilities that provide even broader access to DeFi, whilst adhering to world-class standards of security and compliance.”
Cynthia Wu, Head of Sales and Business Development, Matrixport

Cactus Cutody’s dashboard provides features that allow for the hassle-free day-to-day management of crypto-assets.

Cactus Custody

  • Cactus Custody seeks to bring increased security, transparency, and efficiency to the crypto market. DeFi Connector offers audit trails to meet any regulatory requirements and allows for decentralized app (DApp) interactions and wallet transactions on MMI to be traceable in the custody system.
  • DeFi Connector also implements enterprise-grade controls and role-based approval process during the interaction with DeFi, as well as secure smart contract addresses whose private keys are safeguarded in a Hardware Secure Module (HSM) by a qualified custodian.

“EVM chain support is one of the most important institutional needs. With our latest custodial account multichain feature, Cactus Custody not only supports multiple EVM chains but also allows institutions to freely bridge digital assets across these networks. This is a profound DeFi offering for institutions.”
– Johann Bornman, Product Lead for MMI



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Apple stock jumps after CEO reveals it’s investing in the Metaverse

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Apple’s stock price jumped in after hours trading after CEO Tim Cook said during the company’s Q1 2022 earnings call that he sees considerable potential in the Metaverse space.

When asked on Jan. 27 during the call about Apple’s opportunities within the Metaverse, Cook responded “we see a lot of potential in this space and are investing accordingly.”

“We’re always exploring new and emerging technologies and I’ve spoken at length about how it’s very interesting to us right now.”

The Metaverse is an interoperable virtual universe created in part by users, offering socialization, gaming and even live concerts. Although it can be accessed with a browser, the experience is better with virtual reality (VR) or augmented reality (AR).

APPL had dropped about 3% to $159.22 during regular trading hours, but has since jumped up 8% to $167.23 in after hours trading. The Metaverse was just one of the topics discussed on the call.

Appleinsider reported that in the Jan. 27 call, Cook pointed out that Apple (APPL) already has a bevy of 14,000 apps on its App Store that have been designed using the AR developer platform ARKit. Apps designed using ARKit could help users gain access to the Metaverse.

Whereas Meta has leaned toward using the Oculus headset to immerse users into the Metaverse, Apple is placing its bets so far on AR technology. An Apple headset was scheduled for release in 2022, but Bloomberg reported on Jan. 14 that it may be delayed due to hardware and software challenges.

Despite Cook’s embrace of the Metaverse, the headset in development is believed to be focused on gaming, communication, and content consumption. So far, the largest company in the world by market cap is lagging behind other tech leaders like Meta and Microsoft, both of which are moving forward with public plans to develop in the Metaverse.

Related: Meta poaches staff from Microsoft and Apple for metaverse plans

Microsoft recently purchased Activision Blizzard for $69B with the intention of expanding Metaverse gaming.