Drift Labs, the developer of a decentralized finance platform built on the Solana blockchain, announced Thursday it has raised $25 million in new funding to expand its services. The Series B round was led by Multicoin Capital and attracted investments from Blockchain Capital, Folius Ventures, Maelstrom and Primitive. The company said it intends to use […]
Blockchain News
Circle expands USDC stablecoin access to Sony’s blockchain, Brazil, Mexico
As stablecoins march towards greater mainstream adoption, USDC issuer Circle made two announcements this week on that front. Through a partnership with Sony Block Solutions Lab, a bridged version of USDC will be available on Sony’s new blockchain, Soneium. The Japanese giant has global mainstream ambitions for its blockchain. Additionally, people in Brazil and Mexico can now buy USDC […]
Drift raises $25M to expand decentralized exchange on the Solana blockchain
Drift Labs, the developer of a decentralized finance platform built on the Solana blockchain, announced Thursday it has raised $25 million in new funding to expand its services. The Series B round was led by Multicoin Capital and attracted investments from Blockchain Capital, Folius Ventures, Maelstrom and Primitive. The company said it intends to use […]
Blockchain Meets Beauty: vanitis Launches $VATO Token with Ethical Twist
In a groundbreaking step poised to redefine the beauty industry, vanitis has revealed the introduction of its $VATO token, marking a fusion of blockchain technology with eco-friendly, vegan cosmetic products. The project not only champions ethical beauty but also opens fresh investment opportunities to the public. Through innovative platforms such as vaniVERSE and STAKEtis, vanitis […]
Sky Mavis’ blockchain welcomes first seven studios to Ronin forge
Ronin, an EVM-based blockchain, is boasting multiple new studios on its blockchain, Sky Mavis announced today. These studios — including Cambria, Infomon, Kuroro Beasts, Last Odyssey, Party Icons, Pixel Heroes Adventure, and Xtremeverse — are part of an initiative to use the Ronin blockchain for brand new Web3 games while also providing select studios with […]
Antitoxic-MEV mechanism to tackle blockchain’s ‘invisible taxes’
By creating an antitoxic-MEV mechanism with an innovative dBFT consensus model and enveloped transactions, Neo X makes it possible to develop fair and interoperable DApps across blockchains. The blockchain industry is grappling with the significant challenge of maximal extractable value (MEV) — an issue that silently drains money from users’ pockets, acting like an “invisible tax.” The […]
RedStone debuts first price oracles for TON blockchain
Blockchain developer RedStone has integrated its oracle solution into The Open Network, offering the first-ever price feeds on the network. Telegram-incubated The Open Network is bolstering its decentralized finance ecosystem with RedStone’s launch of the first oracle price feeds, providing real-time, gas-efficient data solutions. According to a Sept. 19 press release shared with crypto.news, the integration provides real-time […]
Jamie Dimon admits JPMorgan is ‘a real user’ of blockchain as institutional adoption grows
The mantra of ‘blockchain, not Bitcoin’ is one that institutional investors have repeated for years as a way to highlight the potential the technology holds to transform financial markets, and according to one of Bitcoin’s (BTC) biggest critics, the underlying technology is already being used to transform the business practices of the largest bank in […]
Ethereum Devs Poised to Split Blockchain’s Next Big Upgrade, ‘Pectra,’ in Two
It’s only been six months since Ethereum, the dominant smart-contract blockchain, had its last major upgrade. But there are so many developer priorities for what to tackle next that there’s a growing realization they can’t all happen at once. So now, Ethereum developers are considering dividing the highly anticipated Pectra upgrade into two parts. Pectra was on […]
AI faces ‘Immense’ risks without blockchain: 0G Labs CEO
In an interview with Cointelegraph at Token2049, Michael Heinrich, the CEO of 0G Labs, explained that artificial intelligence poses significant risks if it isn’t integrated with blockchain technology. Heinrich highlighted the dangers of centralized AI system reliance and advocated for decentralized governance to prevent potential misuse of AI systems in critical areas of society. “Let’s […]