Year: 2024

in brief St. Gallen joins as the fourth Swiss municipality to release tokenized bonds, compatible with settlement using the Swiss Franc CBDC. The bond is slated to mature over a three-year period, and its settlement is integrated into a Swiss trial concerning its wholesale CBDC.  Among regulatory bodies in Europe, Swiss FINMA stands out as…

Vibrant Finance CEO Jimmy Yin said the move would “make liquidity more efficient and foster cooperation between chains.” Vibrant Finance Launches on Neon EVM: Bridging DeFi Realms with DL-AMM Model Decentralized exchange (DEX) Vibrant Finance has made its debut on the Neon EVM, a platform built on Solana, expanding its presence beyond the Ethereum-based DeFi…

summary Flare Network secured $35 million in a funding round led by Kenetic and Aves Lair. The funding aims to bolster its layer-1 blockchain ecosystem, particularly focusing on data and smart contract protocols for the DeFi space.  Strategies for ecosystem growth include extending token distribution to 2026, setting selling limits to mitigate market pressure, and…

There’s a new sensation in the Cryptoverse as Ethereum Layer 2 project, Blast, makes waves. With its Total Value Locked (TVL) inching close to $2 billion prior to its mainnet debut and an imminent Blast airdrop scheduled for the end of the month, excitement is palpable. Commentators are quick to note that the protocol, developed…

Zirlin provided further clarification, specifying that the attack was directed specifically at his personal accounts and emphasized that it was not connected to the functionality or security measures of the Ronin chain itself. Jeff “Jihoz” Zirlin, co-founder of both Ronin and Axie Infinity, has reported a significant breach involving two of his wallets, resulting in…

Pantera Capital suggests that the blockchain and cryptocurrency industry may have passed its most challenging phase. The hedge fund views the lack of catastrophic events as a favorable indicator for the cryptocurrency market. Pantera Capital highlights regulatory clarity and the upcoming Bitcoin halving as potential catalysts for the next bull market in crypto. Pantera Capital…

quick take  FalconX, a digital assets brokerage, has announced its expansion into Hong Kong. In 2023, the platform extended its services to Singapore, aiming to bolster its presence in the APAC region. FalconX has forged a recent partnership with TC ICAP’s Fusion Digital Assets. The FalconX team, operating as a prime brokerage for institutions dealing…

summary The UK’s Law Commission has issued legislative recommendations concerning cryptocurrency. These recommendations advocate for granting specific rights to crypto assets. Additionally, the commission has provided guidance to the government regarding addressing the technical aspects of digital assets. The Law Commission of the United Kingdom has released a consultation on draft legislation aimed at acknowledging…

Binance, a renowned cryptocurrency exchange worldwide, plans to improve user trading experiences by introducing new trading pairs and expanding its Trading Bots services. Starting February 23, 2024, this strategic update aims to enrich the range of trading options on Binance Spot, providing a more varied and dynamic trading atmosphere for its large user community. Expanding…

Singularity Network, a protocol designed to meet the needs of institutional investors seeking confidential access to DeFi, has successfully raised $2.2 million in its second funding round, which concluded in late 2023, as reported in a statement shared with CryptoSlate on February 22. The funds acquired from this round will be allocated towards strengthening the…