Browsing:Blockchain News

Siemens, the German engineering and technology giant
1 month ago 1 min read

Siemens Embraces Blockchain with $64M Digital Bond Offering

Siemens, the German engineering and technology giant, has issued a digital bond worth 60 million euros ($64 million) on a public blockchain, becoming one of the first companies in Germany to do so. The bond has a maturity of one year and was sold directly to investors such as DekaBank, DZ Bank, and Union Investment, without the need for central clearing and paper-based global certificates. Siemens emphasized the benefits of using digital bonds over traditional bond-issuing methods in the announcement. By using blockchain, paper-based global certificates and central clearing can be eliminated, and the bond can be sold directly to

Abu Dhabi Hub71+ program is set to provide up to $2 billion in funding and resources
1 month ago 1 min read

Abu Dhabi Commits $2 Billion to Support Web3 Startups

In an effort to provide a supportive environment for Web3 and blockchain startups, the Hub71+ program is set to provide up to $2 billion in funding and resources, including access to capital and business networks. The initiative also promises to provide a range of support to startups, such as acceleration programs, mentorship, and access to corporate, government, and investment partners. In addition, startups that join the Hub71+ program will receive a range of benefits, including access to the FABRIC network, crypto exchanges, and service providers. Also, initiative will focus on the development of the Abu Dhabi startup ecosystem, providing funding,

Mainnet beta launch of Polygon's zkEVM Layer 2 slated for March
1 month ago 1 min read

Polygon’s zkEVM Layer 2 set for mainnet beta release in March

Polygon is set to launch its new Layer 2 scaling solution, zkEVM, on March 27 with the aim of expanding the scaling capabilities of the Ethereum network. This zero-knowledge or ZK-Rollup scaling solution is expected to perform off-chain computations on a secondary layer, prioritizing security and enabling faster and cheaper transactions. According to Polygon, its zkEVM is equivalent to Ethereum’s Virtual Machine, meaning that the network is expected to support the same code as Ethereum. This allows developers to onboard apps from Ethereum and use them on Polygon’s zkEVM network without making significant changes. Polygon has been working on the

Clearpool Protocol
1 month ago 1 min read

DeFi Protocol Clearpool to Launch Institutional-Grade DeFi Platform on Polygon Network

Clearpool, the decentralized finance (DeFi) protocol, has announced that its institutional credit platform, Prime, will be deployed exclusively on Ethereum scaling tool Polygon network. The CEO and co-founder of Clearpool, Rob Alcorn, stated that the company has a strong relationship with the Polygon team and will continue to work together to deliver institutional DeFi products. Clearpool Prime will act as an institutional-grade capital marketplace where borrowers can create credit pools and liquidity providers can invest to earn yield. The platform is set to begin operation in the first quarter of 2023 and is expected to cater to a wide range

China is set to establish the National Blockchain Technology Innovation Centre in Beijing, according to reports.
1 month ago 1 min read

Beijing to Establish National Center for Blockchain Technology Research

China is set to establish the National Blockchain Technology Innovation Centre in Beijing, according to reports. The center, which has received approval from the country’s Ministry of Science and Technology, will focus on research and development of blockchain technology. It will be led by the Beijing Academy of Blockchain and Edge Computing (BABEC), a research institution backed by the Beijing government and one of the developers of Chang’an Chain (ChainMaker) – China’s first domestically developed open-source blockchain platform. The new centre will focus on the research and industrialization of blockchain technology, including the development of fundamental theories, hardware and software,

Cardano's (ADA) IOHK
1 month ago 1 min read

Cardano Unveils Ethereum-compatible Sidechain Prototype

Input Output Hong Kong (IOHK), the team behind smart contract platform Cardano (ADA), has launched a new sidechain proof of concept that is compatible with Ethereum (ETH). The public testnet uses components of the sidechain toolkit and is compatible with the Ethereum Virtual Machine (EVM). The aim of the project is to expand the Cardano blockchain’s utility. IOHK has not given a specific time frame for the testnet but has encouraged developers and validators to use both the toolkit and sidechain. Recently, crypto analytics platform Santiment found that whale activity on Cardano has been spiking, which previously led to a

Aptos Labs
2 months ago 1 min read

Venture Capital Firm Aptos Labs Invests in Web3 TikTok Alternative Chingari

Aptos Labs, a blockchain company, is making its move into web3 social media by investing in Chingari, a short video app. With five million daily active users and over 200 million videos watched daily, Chingari has established itself as a popular platform for users to upload and share short videos, similar to TikTok. As a result of the investment, Chingari will now be powered by the Aptos blockchain. The Aptos network offers speed, safety, and scalability, which will support Chingari’s growing number of users and its plans to onboard even more in the future. Chingari initially started as a web2

The partnership will bring Solana support tokens to the Brave browser
2 months ago 1 min read

Brave Integrates Solana for Mobile DApp Access

In a major development for the crypto community, Brave, the privacy-focused web browser, has announced its partnership with the Solana Foundation, a high-performance blockchain platform. The partnership will bring Solana support tokens to the Brave browser, enabling users to store, send, and purchase Solana tokens directly from the browser’s built-in wallet. This integration will provide a seamless experience for users looking to access their Solana-based applications and programs. Amelia Daly, Head of Partnerships at Solana Foundation, welcomed the partnership, stating that the integration with Brave will help to provide a better user experience for the crypto community. She said, “User

Fuse Network
2 months ago 1 min read

Fuse Network Launches Web3 Platform to Drive Crypto Adoption

Fuse Network has launched a payments network designed for mainstream businesses in the hopes of increasing crypto adoption. Fuse 2.0 is a low-cost, adaptable, and user-friendly solution that is compatible with mobile devices and aims to compete with traditional payment networks like Visa and Mastercard. The network is divided into three levels: merchants, operators, and validators. Merchants create Web3 apps for customers, transactions are handled by operators, and validators provide services to operators to develop functional Web3 apps. Fuse CEO Mark Smargon stated that the aim is to promote crypto adoption through ordinary Web3 payments. Further information about Fuse 2.0,

Decentralized exchange Uniswap
2 months ago 1 min read

Uniswap Community Votes in Favor of Boba Network Deployment

Uniswap, the decentralized exchange (DEX) that operates on the Ethereum blockchain, has received the green light to deploy version 3 (v3) of its platform on the Boba Network. This decision was the result of a favorable community vote, and was backed by FranklinDAO and ConsenSys. Boba Network is a separate blockchain that runs on top of Ethereum and offers faster and cheaper user transactions. Uniswap, like other DEXs, operates through smart contracts, eliminating the need for third-party intermediaries to offer financial services, such as lending and borrowing. As part of the agreement, the Boba Foundation has received an additional use

PayBito has integrated OpenAI's ChatGPT AI chatbot
2 months ago 0 mins read

PayBito integrates OpenAI’s ChatGPT into its platform

U.S.-based cryptocurrency exchange PayBito has integrated OpenAI’s ChatGPT AI chatbot into its platform to enhance market data analysis, trend predictions and trading opportunities. The AI service will help beginners understand the different aspects of crypto trading. ChatGPT has seen rapid growth with 590 million visits in January from 100 million unique users, making it the fastest-growing consumer internet app ever, according to Similarweb analysis. Other companies such as Numerai and Open Protocol are exploring AI and crypto integrations.

Solana-based Everlend
2 months ago 1 min read

Solana’s Everlend Protocol to Close Down

Solana-based DeFi platform, Everlend, has announced that it is shutting down due to a lack of liquidity and a shrinking borrowing and lending market. The project mentioned that even with sufficient runway, continuing to operate and develop the protocol would be a “gamble.” Everlend has switched to withdrawal-only mode and encouraged users to remove their deposited funds. The codebase for the protocol will become open-source, allowing anyone to continue the work. The liquidity squeeze faced by Everlend is attributed to the DeFi ecosystem on Solana moving away from Serum, which was the main liquidity provider for nearly all projects on