In advanced communication, the famous messaging protocol Wormhole raised approximately $225 million from a funding round led by the European investment company Brevan Howard. Other participants in the successful fundraising included Coinbase Ventures, ParaFi, Arrington Capital, Borderless Capital, and Jump Trading. The…
In an advanced communication dated November 23, the prominent Ethereum-powered decentralized exchange (DEX) KyberSwap was hit by a malicious attack. The announcement revealed that the attackers compromised the KyberSwap Elastic Pools Liquidity Solution (EPLS) to heist around $48 million. The Elastic pools…
In an advanced communication, Fnality International raised $95 million in a Series B funding round. The successful funding round was led by Wall Street key market players, including Goldman Sachs and BNP Paribas. Other companies participating in the funding round included Wisdom…
In an advanced report, the policymakers in Marshall Island approved new legislation on crypto assets. The report demonstrated that the new law aims to strengthen existing laws on decentralized autonomous organizations (DAOs). At the initial rule-making process, the bill was formulated by…
In an official communication, Bosun Tijani, Minister of Communications, Innovation and Digital Economy in Nigeria, confirmed that the government plans to invest in expanding artificial intelligence (AI) technologies. The minister stated that the Nigerian government will provide a grant to finance AI-related…
The European Securities and Markets Authority (ESMA) has pointed out risks associated with decentralized finance (DeFi). The regulator in a report outlined multiple risks that investors in DeFi are exposed to, as well as risks to financial stability. Specifically, the ESMA warned…
Despite the pitched battle to provide regulatory clarity on digital assets, India has witnessed high adoption of crypto assets. CoinDCX, the leading crypto exchange in India, revealed plans to broaden its product offering. The crypto exchange plans to invest heavily in integrating…
The world’s first community-led gaming platform, Metacade has partnered with Polygon Labs to drive user acquisition and testing of new games. The partnership is expected to bring a wider audience of gamers from around the world to Metacade. Speaking on the partnership, Metacade’s…
The U.S. Commodities Futures Trading Commission (CFTC) has filed and settled cases against three decentralized finance (DeFi) protocols, Opyn, ZeroEx and Deridex. The commission announced this on Thursday, warning other DeFi protocols to be cautious. According to the CFTC, Deridex and Opyn…
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…
