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LiNEAR Protocol launches Governance Token $LNR with restaking
21.12.2023
The LiNEAR Protocol recently launched its latest governance token, $LNR. The protocol has also launched $bLiNEAR (boosted $LiNEAR), the first staking derivative token in DeFi. $LNR holders can now directly influence LiNEAR’s staking strategy. The token also allots them the authority to set staking...
IOSCO Publishes Policy Recommendations for Decentralized Finance (DeFi)
20.12.2023
Source: Adobe / BeNeDak The International Organization of Securities Commissions (IOSCO), which sets standards for securities market regulation globally, has issued policy recommendations for the supervision of decentralized finance (DeFi). On December 19, IOSCO unveiled nine policy recommendations...
Ondo Finance expanding US Treasury-backed tokens with Solana
20.12.2023
Ondo Finance recently joined hands with Solana to expand its US Treasury-backed tokens. The collaboration brings tokenized real-world assets to the Solana network. Along with the tokens, Ondo Finance is bringing its DeFi protocols, like Raydium and Orca, to Solana. As the first L1 network after...
EthereumPOW Core Team Disbands to Achieve Full Decentralization as OneDAO Provides Transitional Support
19.12.2023
The EthereumPOW core team is disbanding to achieve decentralized governance, with OneDAO providing temporary support. Image by Sergey Nivens, Adobe Stock. The core development team behind the proof-of-work (PoW) fork of Ethereum announced on Tuesday its decision to dissolve EthereumPOW’s...
Supra adds Oracle solutions and dVRF to Binance Smart Chain
19.12.2023
The integration of Supra’s oracle and decentralized Verifiable Random Function (dVRF) services into the Binance Smart Chain has succeeded. That combination will provide BSC developers access to a consistent supply of randomness that they can utilize for on-chain lotteries, gaming, and...
Ethereum Smart Contract Framework Updated to Combat Security Concerns
18.12.2023
Ethereum sees significant exchange outflows as investors potentially eye long-term holds. Image by Dennis, Adobe Stock. Ethereum is one of the most widely used blockchain networks globally. Recent findings from CoinMarketCap show that Ethereum has the highest number of total developers, accounting...
Kamino to work with Meteora on multiple product integrations
18.12.2023
Kamino Finance recently announced a partnership with Meteora. The collaboration will see the parties exploring a bunch of product integrations. The partnership was announced on Kamino Finance’s official X/Twitter channel. The thread of tweets stated that the parties would start exploring...
Tap Protocol secures $4.2 million for Bitcoin Ordinals boost
18.12.2023
Trac Systems, a technology company based in Germany and also the parent organization of Tap Protocol, recently completed an unusually successful fundraising effort. The company disclosed that Sora Ventures led a financing round in which it raised $4.2 million. With this massive infusion of capital...
Manta introduces New Paradigm for a higher yield
15.12.2023
Manta Network has launched Manta New Paradigm. It enables users to earn higher yields than Multisig. They are empowered to earn rewards along with lucky Boxes. Interestingly, Manta brings a social element with this launch. This includes inviting friends, teaming up with members, and engaging in...
Kamino and SolBlaze launch $bSOL Liquidity Farming program
14.12.2023
Kamino and SolBlaze entered into a partnership to launch a $bSOL Liquidity Farming program. The agreement will result in Kamino depositors receiving 2.5 million $BLZE in a single week. The announcement was made on the official Kamino X/Twitter account. The tweet read that Kamino depositors will...
zkSync Era integrates Chainlink Price Feeds
13.12.2023
zkSync has announced integration with Chainlink Price Feeds. This enables developers to access high-quality data from numerous sources. The end use is to empower the development of the best-performing decentralized applications or dApps. An integration with Chainlink Price Feeds aligns zkSync with...
Pike Finance announces the release of its testnet
12.12.2023
Pike Finance recently announced the release of its testnet. The announcement was made on Pike Finance’s official X/Twitter channel. The testnet is already live and will stay available until January 1, 2024. Introduced as a Universal Liquidity Protocol, Pike Finance is powered by Wormhole’s...
NITI Aayog’s AIM introduces the ATL Blockchain Module
11.12.2023
The Atal Innovation Mission (AIM) of NITI Aayog collaborates with 5ire and Network Capital to implement the ATL Blockchain Model. This will facilitate the restructuring of the current operational framework pertaining to organizations and individuals involved in commercial dealings and exchanges....
Singapore-Based Crypto Investment Firm Cake Group Files for Liquidation
7.12.2023
Source: Pixabay Singapore-based Cake Group, the parent company of crypto platform Bake, is winding up its company and has filed for liquidation. According to a Tech in Asia report, the founder of the crypto investment platform U-Zyn Chua has applied to wind up the Cake Group at a Singapore High...
Wormhole announces an official launch on the Evmos Blockchain
6.12.2023
Wormhole recently announced a strategic collaboration with Evmos. The move has been made to facilitate interoperability within both platforms. Now, Evmos users can transfer tokens between EVM-compatible Blockchains and Evmos using the Wormhole Portal Bridge. These Blockchains include Polygon...
Supra announces integrating dVRF on Arbiturm Nova
6.12.2023
Supra has announced the integration of dVRF into Arbitrum Nova. Decentralized Verifiable Random Function (dVRF) services on a new platform define new possibilities for blockchain enthusiasts and developers. Also, the integration makes Supra the first provider on the Nova platform. dVRF integration...
AltLayer adds support for the NEAR Protocol’s DA layer
1.12.2023
AltLayer has announced that it has added support for the DA Layer of NEAR Protocol to its roll-up offering. AltLayer chose to integrate NEAR because it facilitates transaction commitments from Ethereum L2. Users, thereby, can send batch transaction commitments securely to their smart contracts....
Flare Labs begins beta testing of FAssets
1.12.2023
Flare Labs has begun the beta testing of FAssets on Flare’s Coston test network. In the beginning, this will comprise all integral sections as well as key user aspects. The FAssets mechanism on Flare allows for the trustless utilization of smart contract tokens with smart contracts, such...
JPMorgan Report Highlights Resurgence in DeFi and NFT Sectors
1.12.2023
Source: Pixabay American banking giant JPMorgan has shed light of optimism in the decentralized finance (DeFi) and non-fungible tokens (NFT) sectors. A JPMorgan report published Thursday revealed notable revival in the DeFi and NFT activity, spurred by an improved crypto markets sentiment. Titled...
How DeFi Can Bridge the Forex Gap in Africa, According to Banking CEO
30.11.2023
Source: AdobeStock / Confidence Neobank Canza Finance‘s decentralized finance (DeFi) tech provides decentralized foreign exchange (FX) for African currencies, its CEO and co-founder Pascal Ntsama IV said. Canza website stresses that access to financial services and products is “a...