As an analyst with over two decades of experience in the tech and finance industries, I find myself intrigued by BounceBit’s recent surge. The partnership with Google Cloud seems to be a game-changer, especially considering its focus on RWA digitization in Southeast Asia. This could potentially open up new opportunities for CeDeFi and further strengthen BounceBit’s position in the market.
As a crypto investor, I’m thrilled to be part of the surge that BounceBit, the innovative Bitcoin restaking blockchain, is experiencing. The holiday season has been particularly generous to this project, with its token skyrocketing by more than 16%!
On December 24th, the cost of BounceBit (BB) surpassed $0.43, marking a recovery following its decline over the previous week that had been driven by bearish sentiment, pushing its price down to nearly $0.32.
In simple terms, as the price of Bitcoin (BTC) climbed back up over $97,000 due to a festive season surge, Big Bank (BB) hit a record high in the past week.
Yesterday’s profits were a result that followed immediately after the Bitcoin re-staking platform disclosed a significant collaboration deal with the tech titan, Google Cloud.
In a joint statement, BounceBit and their partner from Google’s cloud computing division declared their intent to collaborate on transforming traditional marketplaces for tangible assets.
In simpler terms, this collaboration aims to advance the digitalization of Right-of-Way Asset (RWA) in Southeast Asia. The company BounceBit, funded by Binance Labs and Blockchain Capital, plans to make use of Google Cloud’s infrastructure to boost its presence within the Cryptocurrency Decentralized Finance (CeDeFi) sector.
Utilizing Google Cloud’s Vertex AI technology is crucial for us. This advanced tech will significantly boost our platform’s functionality and security in terms of re-staking.
In a comment, BounceBit co-founder Jack Lu said:
Ensuring prompt transaction validation on our platform is crucial, and we swiftly address any issues that arise. By integrating Compute Engine, we’ve managed to reduce response times by half, not just for our blockchain, but also for the Codefi ecosystem as a whole.
Over the past month, the BB token’s value has risen by a third. Yet, it still sits well over 50% below its peak of $0.86, which was achieved back in June 2024.
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2024-12-24 20:44