Ripple has committed over $5 million to expand blockchain research in APAC, advancing innovation, education, and talent across the region. Ripple Commits Over $5M to Advance Blockchain Research in APAC Ripple is expanding its commitment to blockchain development in the Asia-Pacific (APAC) region, as highlighted in a Ripple Insights article published on June 10. APAC […] Source CryptoX Portal
Decentralized finance (DeFi) firm Aave is arriving on Soneium, the Ethereum L2 blockchain linked to Japanese electronics giant Sony, the companies said on Tuesday. Decentralized finance, which shot to prominence during the so-called “DeFi summer” of 2020, is resurgent, amid a huge growth in stablecoins and crypto-backed lending. The integration of GHO, Aave’s decentralized overcollateralized stablecoin, into Sonieum is being explored for real-world use cases in payments, savings, and digital commerce, according to a press release. Soneium’s 7-million user ecosystem already includes Uniswap v4, Velodrome, Stargate, Lido, and native protocols…
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Brian Quintenz, US President Donald Trump’s nominee to chair the Commodity Futures Trading Commission (CFTC), has said that blockchain is a foundational technology poised to transform much more than just finance. In prepared remarks ahead of his Senate confirmation hearing shared with Cointelegraph, Quintenz pointed out the long-term impact of blockchain and cryptocurrencies. “I view blockchain as a horizontal technology that has the potential to touch every aspect of society,” he said. Quintenz, who most recently served as the global head of policy at a16z Crypto (Andreessen Horowitz’s digital asset…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A Bitcoin-focused company based in Paris wants to raise $340 million through a unique kind of share sale that happens day by day. Blockchain Group, known for stacking Bitcoin on its balance sheet, announced plans to partner with asset manager TOBAM to make it happen. The money, if raised, will go straight into buying more Bitcoin. Right now, the company holds 1,471 BTC, which is about $158 million in value. That total includes 624 BTC recently purchased,…
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layer-1 blockchain Kaia has pledged to launch a South Korean won-based stablecoin following the Wednesday inauguration of President Lee Jae-myung, a left-leaning politician whose campaign included a series of crypto-friendly promises. Launching a won-based stablecoin is one of the crypto goals laid out during Lee’s campaign that set him apart from other crypto-friendly candidates. The issuance of stablecoins faces legal hurdles, as South Korea’s constitution grants exclusive authority over currency issuance to the central bank, the Bank of Korea. Kaia eyes won-based stablecoins in a domestic market with an improving…