Tag: Launch

Synthetix DEX launch to join efforts reducing the ‘serious friction’ in DeFi

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Decentralized derivatives protocol Synthetix is the latest project aiming to close the usability gap between centralized and decentralized exchanges — with a Q4 slated launch of the Synthetix V3 protocol and its decentralized exchange front-end, called Infinex. Speaking to Cointelegraph, Synthetix founder Kain Warwick said the Q4 slated launch of Infinex — a decentralized perpetual futures exchange front-end which enables trades on Optimism (OP) — as the “missing component” that could bring more users to DeFi. We are entering DeFi’s greatest chance to take on centralised finance. Let’s start talking…

Palau to freeze USD-backed stablecoin after pilot launch in July

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Palau, a country in the western Pacific Ocean, is wrapping up its United States dollar stablecoin project after launching the pilot in August. Jay Hunter, a Palau Ministry of Finance member and head of the digital residency program, took to X (formerly Twitter) to announce that the government will cease the distribution of the Palau Stablecoin (PSC) on Sept. 8. Following the distribution halt, Palau Stablecoin will also be frozen after Sept. 15, becoming unavailable for spending by users, Hunter said, noting: “After Sept. 15, you will no longer be…

Coinbase to Launch Crypto Lending Service for Institutional Clients

In addition to the failed Lend program, Coinbase has attempted other lending services in the past. Coinbase has announced that it is working on a crypto lending service for institutional clients in the United States. A September 1 filing with the US Securities and Exchange Commission (SEC) shows that the company has already raised $57 million to go towards the project. The service would help fill the hole left in the market after the implosion of major crypto lenders like Genesis and BlockFi last year.  The exchange reportedly plans to…

dYdX to launch decentralized order books exchange on Cosmos: KBW 2023

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Decentralized exchange (DEX) platform dYdX is planning to offer a “purely decentralized” order books exchange as they migrate their ecosystem from the Ethereum network to the interchain network Cosmos. At the Korea Blockchain Week 2023, Cointelegraph’s Andrew Fenton spoke with dYdX Foundation CEO Charles d’Haussy about the DEX’s plans to implement decentralized order books on their exchange and how they plan to shift their ecosystem onto a new blockchain network. Attendees at the Korea Blockchain Week 2023 held in Seoul, South Korea. Source: Cointelegraph In the interview, d’Haussy told Cointelegraph…

DYdX to launch decentralized order book exchange on Cosmos: KBW 2023

Decentralized exchange (DEX) platform dYdX plans to offer a “purely decentralized” order book exchange as it migrates its ecosystem from the Ethereum network to the interchain network Cosmos. At the Korea Blockchain Week 2023, Cointelegraph’s Andrew Fenton spoke with dYdX Foundation CEO Charles d’Haussy about the DEX’s plans to implement decentralized order books on their exchange and how they plan to shift their ecosystem onto a new blockchain network. Attendees at the Korea Blockchain Week 2023 held in Seoul, South Korea. Source: Cointelegraph In the interview, d’Haussy told Cointelegraph that…

Base suffers first major outage since launch

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Coinbase’s Ethereum layer-2 network Base has suffer its first major outage since its public launch on Aug. 9. For approximately 45 minutes on Sept. 5, no new blocks were produced on the Base chain. Its developers first identified the “stalled” block production at 9:36 pm UTC, according to the Base status site. Block production on the Base network stalled at 9:36pm Sept. 5. Source: BaseScan “We identified a delay in block production due to part of our internal infrastructure requiring a refresh. We’ve implemented a fix and are seeing widespread…

London Stock Exchange Operator in Talks With Government To Launch New Blockchain-Powered Trading Venue: Report

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The London Stock Exchange Group (LSEG) is developing a new blockchain-powered trading venue, according to a new report. Murray Roos, a group head of capital markets at LSEG, tells the Financial Times that his company is “definitely not building anything around crypto assets.” Rather, Roos says they plan to use blockchain technology to make traditional asset trading more efficient. “The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent… and to have it regulated.” LSEG operates the London Stock Exchange, one…

Aerodrome launch pushes Base TVL past $400m

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The total value locked (TVL) on the Base layer-2 network spiked to more than $400 million since the launch of the Aerodrome decentralized exchange. The most recent information from DefiLlama shows that the TVL of Base, a layer 2 Ethereum (ETH) network developed at Coinbase, increased by more than 56% to reach $405.66 million in the past week. With the launch of Aerodrome on the Base chain, the TVL on the Base chain has exceeded 400…

Oprah Winfrey and Dwayne Johnson launch crypto fundraising for Maui

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The celebrities Oprah Winfrey and Dwayne “The Rock” Johnson launched the People’s Fund of Maui initiative, which accepts crypto donations. During August, the Hawaiian island of Maui was impacted by wildfires that caused massive property and personal damage. We’re honored to announce the People’s Fund of Maui, a fund putting money directly in the pockets of those who were affected by the recent wildfires. As @Oprah and I have seen firsthand, the impacts of these wildfires…

StarkWare, Herodotus launch tech to verify data from any point in Ethereum’s history

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A new zero-knowledge proof (ZK-proof) technology is set to improve the ability to access and verify historical data from the Ethereum blockchain, with deep chain validation cited as a usability barrier of the network. Technology firm Herodotus has released its on-chain accumulator, which uses storage-proof cryptography, allowing users to verify data from any point of Ethereum’s blockchain without needing a third party. The solution makes use of StarkWare’s STARK proofs, the ZK-proof technology co-invented by mathematician Eli Ben-Sasson. StarkWare presented Herodotus with a custom-built instance of its shared prover service SHARP,…