Canto, a layer-1 blockchain initially focused on decentralized finance (DeFi), is migrating to a zero-knowledge Layer 2 solution on Ethereum using Polygon Chain Development Kit (CDK). This move is part of Canto’s plans to build a blockchain dedicated to real-world assets. The development comes amidst a significant shift in the Ethereum layer-2 space.Canto, which was […]
Tether’s CTO, Paolo Ardoino, recently announced that the company has authorized $1 billion USDT to provide near term liquidity for the Tron network. This authorization is not an actual issuance, but rather an inventory for upcoming issuance requests and chain swaps from the Tron network. According to Tether’s official FAQ page, “authorised but not issued” […]
The European Union has made significant progress in regulating crypto by approving its Markets in Crypto Assets (MiCA) framework. However, according to Rupert Schaefer, Executive Director of Strategy, Policy and Control at BaFin, the need for global regulation still remains. Schaefer compared regulators to air traffic control and “some crypto assets and decentralized finance projects” […]
Bitget, a top cryptocurrency derivatives exchange and copy trading platform, has announced a strategic partnership with Cobo SuperLoop, an off-exchange settlement network by the renowned leader in institutional digital asset custody technologies. This integration marks a significant step forward for both organizations and the broader cryptocurrency ecosystem.The collaboration is driven by a shared commitment to […]
A federal judge today denied the US Securities and Exchange Commission’s (SEC) request to access the crypto firm Binance.US’s technology infrastructure. Binance.US lawyers argued that the SEC’s request for documents was “overbroad.” Federal Magistrate Judge Zia Faruqui proposed the SEC formulate a more targeted request and interview more witnesses.The SEC had filed for expedited discovery […]
Canto and Astar, two layer-1 blockchains, have announced plans to migrate to Ethereum as layer-2 zero-knowledge rollups. Canto is a permissionless general-purpose blockchain that is EVM-compatible and aims to onboard the traditional financial sector to decentralized finance applications. Canto will inherit Ethereum’s security, enabling more decentralization and trustless guarantees when bridging assets over. Meanwhile, some […]
The United States Securities and Exchange Commission (SEC) has failed to win immediate access to Binance.US’s software in a Sept. 18 hearing, with the judge saying he isn’t “inclined to allow the inspection at this time.” The SEC has been attempting to gain access to the software and detailed information from Binance.US since it sued […]
The Stellar Development Foundation has launched a new campaign titled “Where Blockchain Meets The Real World,” featuring British actor Idris Elba. The campaign includes a three-minute film in which Elba narrates and directs, conveying the potential of blockchain technology to bring equilibrium to an unbalanced world. This rebranding effort is part of a larger effort […]
Ethereum’s layer-2 solutions are outperforming the blockchain they were designed to bolster. Coinbase-incubated layer-2 network Base and Matter Labs’ zero-knowledge (zk) rollup tech-powered scaling solution zkSync Era have both surpassed Ethereum’s Transactions Per Second (TPS) rate of 10.18 on September 17th. Base achieved a TPS of 12.93, a 49.76% increase within just one week, while […]
Toncoin (TON) has seen a remarkable 40% price increase in the past week, pushing it into the top 10 cryptocurrencies by market cap. This impressive surge has been driven by the integration of Toncoin into the popular messaging platform Telegram, which boasts over 800 million users. This integration has provided the platform’s massive user base […]
