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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...
Anzen officially joins the Chainlink BUILD program
30.11.2023
Anzen has formally proclaimed its intention to develop a partnership with the Chainlink BUILD program. This will allow them to accelerate the ecosystem’s growth and broaden the adoption of decentralized lending in terms of institutional standards and real-world assets (RWAs). This will...
Wormhole secures $225 million, launches Wormhole Labs
30.11.2023
Wormhole has announced two developments. The first development is that the Foundation has secured $225 million in a funding round, taking its valuation to $2.5 billion. The second development is about the launch of Wormhole Labs as an independent technology company. The objective is to accelerate...
TokenFi to boost tokenization of Real World Assets
29.11.2023
TokenFi has announced Real World Assets Tokenization under the TokenFi RWA Tokenization Module. TokenFi aims to enable the tokenization of assets that are not categorized as securities. The end-utility will include trading, selling, and attracting liquidity from investors. Users will have a quick...
Learn how Ionise is improving DeFi growth on Zilliqa
29.11.2023
DeFi has become a crucial part of the Zilliqa network ever since CEO Matt Dyer laid out extensive DeFi plans. The network plans to introduce more updates with DeFi apps on the blockchain. Its latest EVM compatibility launch has opened the network to EVM-based DeFi dApps and Solidity developers....
KyberSwap recovers $4.67M of stolen funds from frontrun bots
27.11.2023
Kyber Network has announced that it has reached a deal with the owners of frontrun bots. The KyberSwap team has finalized a bounty of 10% for them in exchange for 90% of the stolen funds. The hackers were able to extract approximately $5.7 million from the pools of Avalanche and Polygon. Now, funds...
Chainlink Staking v0.2 begins on Nov 28
27.11.2023
Chainlink has shared its adoption update, informing the community of new integrations. These include joining hands with chains like ChainGPT, Beefy Finance, and Lyve Finance. The development builds on top of previous collaborations across 6 chains, namely Ethereum, Arbitrum, Base, Polygon...
DeFi Users Seek Clarity as Australia’s Tax Office Fails to Explain New Capital Gains Tax Rules
24.11.2023
The ATO’s opaque DeFi tax guidance perplexes Australian crypto investors. Image by Vadym, Adobe Stock. The Australian Taxation Office (ATO) released new guidance on November 9, stating that capital gains tax (CGT) applies to certain decentralized finance (DeFi) transactions. The tax agency...
PancakeSwap Launches Vote-Escrowed Tokenomics
24.11.2023
PancakeSwap, a multi-chain decentralized exchange (DEX), recently proposed the launch of vote-escrowed CAKE (veCAKE) and voting gauges in the next few days, with more than 90% of the votes in favor of the protocol’s launch. This initiative is designed to strengthen CAKE token holders with enhanced...