NEO / TetherUS
Long

Neo Joins Coinbaseled Blockchain Framework

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Neo has joined Rosetta.
Rosetta, a Coinbase-led project, is a framework that lets blockchains talk to each other.
Neo rose in price after the news.
Rosetta is a framework to help blockchains speak to each other. Now, they can speak to Neo.

Today, then, things got a lot easier for Neo, a Chinese blockchain platform started by Da Hongfei and Erik Zhang in 2014. Neo focuses on crypto trading, digital identity and smart contracts—it’s a little like Ethereum. It’s also one of the founding members of PolyNetwork, a blockchain interoperability platform, and runs an interoperable DeFi platform, Flamingo.

Despite the Rosetta integration, however, Coinbase has still not listed Neo’s coin as the exchange requires a coin to overcome several regulatory hurdles.

After today’s announcement, Neo’s price shot up 72%, though it likely wasn't related to the news; most top coins had similarly rosy days. Its current price is $22.74, according to data from metrics site CoinMarketCap.

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