Deutsche Bank, Germany’s largest lender, is developing a layer-2 (L2) blockchain solution on Ethereum using ZKsync technology to address compliance challenges in regulated finance. Known as Project Dama 2, the initiative aims to enhance transaction efficiency while integrating robust regulatory safeguards, according to a report by Bloomberg. The L2 solution, part of the Monetary Authority...
Blockchain advocacy group CEDAR Innovation Foundation has urged Securities and Exchange Commission (SEC) Chair Gary Gensler to resign following the recent election. In a statement dated Nov. 18, the group criticized Gensler for not following the precedent set by previous SEC chairs who announced their resignations soon after the administration that appointed them lost an...
Blockchain analytics firm Arkham Intelligence has launched a cryptocurrency derivatives exchange, according to a November 6 announcement. The exchange aims to target retail traders and compete with established platforms such as Binance. Arkham stated that the new exchange would integrate its research tools and feature live on-chain audits and proof-of-reserve (PoR), providing transparency for traders....
A recent market analysis suggests that Cybro and Solana could see a significant surge in value by 2025, with predictions pointing to a potential 15-fold increase. The forecast is attracting the attention of many in the crypto community, who are eager to understand the factors driving this optimistic outlook. Cybro, an advanced DeFi platform, has...
Asia has overtaken North America as the leading region for cryptocurrency and blockchain development talent, according to a recent report. In 2024, Asia’s share of cryptocurrency developers rose to 32%, up from 13% in 2015, making it the top region for developer talent in the industry. Over the same period, North America’s share of developers...
Vice President Kamala Harris has reaffirmed her administration’s commitment to ensuring that the United States becomes the world leader in emerging technologies such as blockchain, artificial intelligence (AI), and quantum computing. Speaking at The Economic Club of Pittsburgh on Sept. 25, Harris emphasized the importance of maintaining American dominance in these fields to remain competitive...
Tether, the issuer behind the world’s largest stablecoin, USDT, has decided against launching its own blockchain, citing market saturation and strategic concerns. Paolo Ardoino, Tether’s CEO, shared in an interview with Bloomberg News that the company’s decision stems from an analysis of the current blockchain landscape, where numerous platforms already offer similar functionalities. Ardoino explained...
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the Australian Securities Exchange (ASX) in Federal Court, alleging that the stock exchange made “misleading and deceptive” statements regarding its now-abandoned blockchain project. The lawsuit claims that ASX’s assurances about the progress and expected go-live date of its blockchain-based system to replace the...
Slovenia has issued a sovereign digital on-chain bond worth $32.5 million (30 million euros), marking the first such issuance by a European Union country. The bond, issued on July 25, is part of an experimental project with the European Central Bank’s (ECB) wholesale central bank money (CeBM) program. The bond settlement was executed using a...
Jupiter, the leading decentralized exchange (DEX) aggregator on the Solana network, is now capturing up to 80% of the network’s priority fees through its validator, JupSOL. This move aims to enhance Jupiter’s competitiveness and expand its selection of trades on the Solana blockchain. Over recent months, Jupiter has significantly increased its influence on the Solana...
