With the intention of exploring layer 2 solutions, the Kraken cryptocurrency exchange would be considering following in Coinbase footsteps.
Kraken, the world’s leading cryptocurrency company, is showing signs of wanting to follow in the footsteps of its competitor, Coinbase, and is considering developing its own Layer 2 infrastructure. Taking inspiration from the notable success of Coinbase L2, Kraken is evaluating collaborate with important players such as Polygon, Matter Labs or Nil Foundation, according to a recent report. A spokesperson for the cryptocurrency exchange platform said that they are “always looking for new challenges in the industry and ways to solve them.”
Despite rumors circulating in the cryptocurrency market, Kraken has neither officially confirmed nor denied its plans to launch a Layer 2 solution, similar to what Coinbase did with the Base network earlier this year.
Rumors about Kraken’s plans are based on reports from anonymous sources and a job posting highlighting the search for a senior crypto engineer who is responsible for designing and implementing cryptographic protocols and Layer 2 solutions.
Binance Cryptocurrency Exchange Lists Ordinals Cryptocurrency (ORDI) and New Trading Pairs
Binance has announced that starting November 7, the platform will begin offering its users the opportunity to trade Ordinals (ORDI) through new spot trading pairs, including ORDI/BTC, ORDI/USDT and ORDI/TRY.
In a statement issued today, Binance also reported that ORDI withdrawals will be available starting November 8. Additionally, the ORDI cryptocurrency will be integrated as a new lendable asset, and investors will be able to take advantage of the new ORDI/USDT margin pair on Isolated Margin.
US Lawmaker Proposes Drastic Reduction in SEC Chairman’s Salary
A U.S. representative has proposed cutting Securities and Exchange Commission (SEC) Chairman Gary Gensler’s salary to just $1 a year. The proposal, presented as an amendment to the Financial Services and General Government (FSGG) bill, is signed by Representative Tim Burchett, and is part of a broader effort to reduce funding for the regulator.
The FSGG bill, which first saw the light of day on July 13 of this year. It is sweeping legislation intended to substantially reduce overall government spending. Gary Gensler, as head of the SEC, has a salary estimated at more than $300,000 a year, which has generated criticism and questions about the need for such a high salary in public service.
Representative Burchett is not the only member of Congress who has set his sights on the SEC, since the bill as a whole seeks to significantly reduce the funding of various government agencies.
Microsoft Joins Inworld AI to Boost Xbox Game Creation with Artificial Intelligence
In an exciting partnership, Microsoft is working hand-in-hand with Inworld AI, a company in its M12 Venture Arm portfolio, to develop a set of artificial intelligence tools aimed at Xbox game developers. These tools have the ambitious task of making it easier for game creators to incorporate artificial intelligence for dialogue generation and narrative elements in their games.
Additionally, the AI will include an AI-powered “design co-pilot”, as well as an AI-powered character runtime engine, as detailed in a recent Microsoft blog post. This collaboration promises to change the way Xbox games are created and enjoyed, opening up exciting new possibilities for the digital entertainment industry.
By Audy Castaneda
