As the crypto sector continues to evolve, speculations have mounted concerning the future of decentralized finance (DeFi). Speaking exclusively in X Space, the chief executive of Binance, Changpeng “CZ” Zhao, portrayed his bullish stance on the future of DeFi. The CEO envisioned…
An update on X (formerly Twitter) urged the crypto builders to flee from the U.S. market. The founder of the San Francisco decentralized exchange dYdX, Antonio Juliano, advises crypto investors at early growth stage to suspend their U.S. operations for the next…
Connext, the leading cross-chain bridging platform in Oakland, California, has rolled out a new token dubbed “xERC-20” to address any cyber-related crime, such as malicious attacks on bridges. An announcement conveyed by Connext on July 24 outlines the features of the “xERC-20”…
Binance venture capital arm Binance Labs announced on Thursday, July 20, plans to invest $10 million in Radiant Capital. The announcement revealed that Binance Labs plans to support lending and borrowing services on the Radiant platform. The investment will be utilized in…
The famous decentralized blockchain oracle Chainlink has rolled out a Cross-Chain Interoperability Protocol (CCIP) on its mainnet. The pronouncement conveyed by the Chainlink group on July 17 illustrated that the CCIP aims to support the development of applications and other services on…
In a press release dated July 11, the New York-based blockchain development company Consensys launched an Ethereum layer-2 scaling solution dubbed Linea Network. The report revealed that the Linea network would support developers in creating their projects. Additionally, the developers building on…
Leading DeFi protocol Arcadia Finance has suffered an attack that led to the loss of $455,000 in assets. A hacker successfully stole the assets from the non-custodial decentralized finance (DeFi) protocol by exploiting a code vulnerability. According to leading blockchain security firm…
On July 7, the American-based crypto solution provider Ripple Labs announced plans to launch a new program utilizing tokenization technology to transform the real estate sector. In a Twitter statement, Ripple’s central bank digital currency (CBDC) strategic adviser Antony Welfare explained the…
On Thursday, the largest crypto exchange in the US by trading volume, Coinbase, announced plans to release its Base platform. The Base platform is a new layer 2 networks centered on the Coinbase platform. The team behind Base confirmed that the launching…
The popular crypto custody platform in Palo Alto BitGo, plans to acquire Prime Trust at an undisclosed price. A source privy to the matter revealed that the BitGo team has been seeking to close the Prime Trust acquisition deal. A person familiar…
An official publication dated May 25 revealed that the Worldcoin project generated $115 million in a series C funding round. The Worldcoin project team Tool for Humanity revealed that Blockchain Capital led the completed funding round. The report stated that the funds…
On May 17, the Brookly-based decentralized crypto exchange Uniswap revealed plans to go live on the Polkadot multichain network Moonbeam. During an interactive session hosted by Blockchain at Michigan, the community voted for launching Uniswap on the Polkadot network. The completed Blockchain…
On Thursday, Solana Labs launched a new office in New York. The May 11 report came months after the prominent Solana bricks-and-mortar company ceased operating in New York and Miami due to the prolonged crypto winter. In their announcement, the Solana Labs…
Cardano exhibited remarkable progress in Q1 of 2023, characterized by a surge in DeFi TVL, significant technological advancements, and an increase in the price of ADA.
Although the year 2023 has recently started, the crypto industry has seen several developments in the respective short period. Particularly, in the case of exploits, the industry has been hit with a loss of up to $119 million up till now this…
Circle’s vice president of European policy, Teana Baker-Taylor, has argued that the recent moves by United Kingdom banks to limit access to cryptocurrencies are absolutely wrong. She also claims these banks are now unbanking both companies and individual customers. Further, Baker-Taylor alleges…
Major League Baseball team, the Nationals, is still promoting the collapsed Terra ecosystem. This was evidenced during the team’s first home game earlier this week, where its official stadium, Nationals Park, had Terra’s branded seats and a huge sign outside the stadium….
QuickSwap is a decentralized exchange (DEX) built on the Ethereum sidechain Polychain, letting users swap ERC-20 tokens. The platform was founded in 2020 by Sameep Singhania. It promotes decentralization principles by ensuring permissionless and trustless crypto trading. QuickSwap provides liquidity pools for…
New techniques of earning passive income have arisen as the decentralized finance (DeFi) ecosystem continues to grow and evolve. In the DeFi ecosystem, three prominent techniques of earning rewards are yield farming, liquidity mining, and staking. While these strategies can be profitable,…
Ethereum is known to be a reliable, decentralized network that supports smart contracts coded using a programming language that many Web3 developers understand. It also hosts several successful decentralized finance (DeFi) projects. However, the network is expensive and considerably slow. It is…
