Tagged: decentralization

DeFi Adoption: Binance Labs Commits $10M to Support Helio Protocol

Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project “combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in total value locked… Read More

Ethereum Decentralization: Foundry Staking Teams Up with SSV Network as Mainnet Verified Operator

This announcement marks a significant milestone in the digital landscape as NexeraID in collaboration with PolygonID unveil their Web3 Compliance initiative. This project sets a standard for privacy protection while “ensuring strict adherence to regulatory requirements in the ever-evolving realm of Web3 compliance.” With the… Read More

Fintech Bitwage Introduces Tether USDT on TRON, Aiming for Cost-Effective Crypto Payroll

Bitwage is pleased to announce the integration of Tether USDT via TRON network, marking another significant milestone in their journey “to deliver seamless cross-border and multi-currency services.” This addition to their stablecoin options “reaffirms their commitment to offering enhanced liquidity, efficiency, and convenience to our… Read More

Vodafone “Economy of Things” Digital Asset Broker (DAB) Business Is Connecting with Web3 Service Provider Aventus

Vodafone’s ‘Economy of Things’ Digital Asset Broker (DAB) business is connecting with Aventus, which helps enterprises adopt Web3 – the new blockchain-based decentralised world wide web. The two companies will “use their collective strengths to help more businesses and strategic partners take advantage of Web3’s… Read More

Curve Finance Vyper Code Vulnerability Leads to Major Hack Impacting Liquidity Pools: Chainalysis Report

On July 30, 2023, several liquidity pools on Curve Finance were exploited, resulting in approximately $70 million in losses and triggering panic within the DeFi ecosystem, the team at Chainalysis noted. In a blog post, Chainalysis also mentioned that these hacks occurred due to “a… Read More

Web3, Regtech: 0xKYC, Onfido to Provide Fraud Protection Protocols on Blockchain Platforms, Metaverse

Onfido, which claims to be the global leader in automated digital identity verification, today announced that they have partnered with 0xKYC, an innovative startup bringing zero-knowledge proof identity solutions to Decentralized Autonomous Organizations (DAOs). 0xKYC, which is currently in its seed round of investment, is… Read More

DeFi Adoption: Clearpool Expands Decentralized Lending Marketplace to Polygon’s zkEVM Solution

Clearpool is pleased to announce the expansion of its decentralized lending marketplace to Polygon’s zkEVM solution, providing users “with high-speed transactions, increased diversification and greater capital efficiency.” Two permissionless lending pools, “opened by market makers Fasanara and Portofino, Clearpool’s borrowers since March 2023, are now… Read More

Decentralized KYC Service Provider Astra Protocol Selected for Reef Labs $10M Accelerator Program

With a step toward creating another milestone, Astra is pleased to announce its selection into the Reef Labs’ $10M Accelerator Program. Standing out among a pool of 350+ innovative projects, Astra’s decentralized KYC solution demonstrated the transformative potential it holds “for the Web3 ecosystem.” Reef… Read More

Decentralization: Aethir Closes $150M Valuation, Pre-A Round to Scale Decentralized Cloud Infrastructure

Aethir, a pioneer in Decentralized Cloud Infrastructure (DCI), recently announced the completion of its Pre-A funding round, bringing the total value raised “to date to over USD$9 million and the company valuation to USD$150 million.” The investment round was led by global investors, “including Sanctor… Read More

Blockchain Software Applications: Stellar Development Foundation Shares Latest Ecosystem Updates

Concluding the first half of 2023, and the Stellar Development Foundation made significant strides on its roadmap to further its strategy: utility is the growth exponent. To that end, SDF delivered “on the three building blocks: make innovation easy and scalable, win over builders, and… Read More

DLT Adoption: IOTA Foundation, Shimmer Team to Enhance Platform Functionality, Researching New Possibilities

The IOTA Foundation and Shimmer teams have been working diligently on various aspects of their respective projects to enhance functionality, research new possibilities, and engage with the community. These advancements and collaborations demonstrate “the commitment of the IOTA ecosystem to drive innovation, foster community engagement,… Read More

Cardano (ADA) Blockchain Network to Support Wider Range of Apps, Use-Cases Following Mithril Mainnet Release

Mithril is nearing its mainnet release. Currently in its final testing stages, Mithril is preparing “for a mainnet launch.” As noted in a blog post, Mithril is a stake-based signature scheme and “a protocol that improves the speed and efficiency of nodes’ syncing times.” Mithril… Read More

Synthetix Integrates Chainlink Cross-Chain Interoperability Protocol (CCIP) into Synthetix V3

Synthetix is pleased to announce that the protocol has integrated Chainlink Cross-Chain Interoperability Protocol (CCIP) into Synthetix V3. This milestone integration “marks one of the first-in-production uses of Chainlink CCIP and will enable highly efficient, secure, and reliable cross-chain transfers of sUSD through the Synthetix… Read More

Decentralized Finance: Binance Labs Invests in Radiant to Support DeFi Lending

Binance Labs, the venture capital and incubation arm of Binance, has invested in Radiant Capital, a lending and borrowing protocol built atop Binance Labs portfolio company, LayerZero Labs, and focused on “bridging fragmented liquidity across decentralized finance ecosystems.” This strategic funding round “emphasizes Binance Labs’… Read More

DFINITY Foundation Introduces $5M Grant to Support Decentralized AI on Internet Computer Blockchain

The DFINITY Foundation, a not-for-profit science and technology organization and major contributor to the Internet Computer blockchain (ICP), announced the launch of a $5 million decentralized artificial intelligence (DeAI) grant to support projects leveraging AI on ICP. The Internet Computer blockchain is reportedly “the only… Read More

Chainlink Cross-Chain Interoperability Protocol (CCIP) Launches on Mainnet

The Chainlink Cross-Chain Interoperability Protocol (CCIP) has entered the Mainnet Early Access phase on the Avalanche, Ethereum, Optimism, and Polygon blockchains. DeFi protocols in derivatives and lending are “adopting CCIP, including Synthetix, which is live on CCIP mainnet, as well as Aave, with BGD Labs… Read More

DeFi: KTX.Finance Raises $4M to Streamline Perpetuals Trading

KTX.Finance, a “decentralized” perpetuals exchange on BNB Chain, announces a $4 million USD seed round financing led by Hashed. Other participants in the investment round “include: AlphaLab Capital, CRIT Ventures, 100&100 Ventures, Trinito Corporation / Morpheus, GSG Asset, KuCoin Ventures and Sky9 Capital.” Edward Tan,… Read More

Decentralized Physical Infrastructure Network Development Is Nascent, But Considerable Progress Has Been Made: Report

While Decentralized Physical Infrastructure Network (DePIN) development is still nascent, there has “been considerable progress over the past five years with startups seeking to disrupt traditional, multibillion-dollar infrastructure industries such as server (cloud), wireless telecom, sensor networks, and energy and transportation,” according to an update… Read More

Arjun Kalsy: Head of Ecosystem at Mantle Network Explains How Blockchain Scalability Challenges May be Addressed

Decentralization theatre: We’ve heard it time and time again in recent months as several projects have struggled to commit to the underlying ideological tenets of blockchain amid growing skepticism of the space. Others have fared relatively well, though — from the community-initiated vote for the… Read More

DeFi Protocol AlloyX Raises $2M, Introduces Aggregation Platform for $530M+ RWA Loans On Chain

AlloyX, a decentralized finance (DeFi) protocol that aggregates tokenized credit, announced today the launch of a liquid real-world asset (RWA) vault product after closing a $2 million pre-seed funding round “led by Hack VC, with investments from Circle Ventures, Digital Currency Group, Stratos, Lecca Ventures,… Read More

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