BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
Celsius Case Experts Yet to Understand Cryptos Ruling Under US Bankruptcy Code
Celsius Network's repayment options to creditors suggest either accepting "cash at a discount" or remaining long-term crypto holders, but this is yet to be decided as the crypto lender's bankruptcy case carries on.
Meta Partners with Digital Brand DressX for New Avatar Store
Meta said that it is partnering with digital fashion startup DressX for Meta's new Avatar Store to introduce new avatar fashion, expanding its business in Metaverse.
Blockchain Tech Expected to Facilitate Logistics Market Growth to $71.96B by 2026
Blockchain technology is expected to be a major trend fueling the logistics market growth, according to a report by Technavio, a global technology research and advisory company.
Blockchain Security Firm Halborn Secures $90m in Series A Funding
Blockchain security firm Halborn has secured $90 million in Series A funding. However, the valuation of the Miami-based company has not been disclosed.
Portal, Backed by Coinbase and Other Prominent Investors, Announces Republic Equity Offering
Portal, a cross-chain Layer-2 DEX network being built on Bitcoin, is delighted to announce its Reg D equity offering through Republic, a multi-asset investment platform that allows anyone to invest in vetted, private startups. The public sale began on Monday, July 18th.
Symmetry Protocol releases Solana's First Asset Management Infra
DeFi protocol Symmetry has released the first on-chain asset management infrastructure on Solana called Symmetry Engine, announced on Twitter on Tuesday.
Symmetry Engine is a collection of SDKs that lets developers build asset management applications on-chain, as well as gain access to 0 price impact and 0 slippage liquidity.
The protocol has been launching products on Solana since 2021 and has surpassed over $500 million in volume on their DEX built with Prism Aggregator.
Zharta Raises $4.3 M to Speed Growth in Instant NFT Lending
DeFi company Zharta, has secured seed funding from leading Web3 VCs and strategic investors to accelerate its growth to meet customer demand and go to market.
Zharta, creator of a lending protocol for instant NFT collateralized loans, has closed a seed round of 4 million dollars in new capital to fuel the company's next phase of growth. The company had initially raised an acceleration round of $300,000 from angel investors.
Crypto Fund Firm Fintonia Group Receives Virtual-asset License in Dubai
Singapore-based crypto fund firm Fintonia Group has received a provisional virtual-asset license from the Dubai authority.
Celsius Says Bitcoin Mining Key to Restructuring Efforts, Repaying Debts
Celsius Network received approval from a U.S. bankruptcy judge to spend $3.7 million in construction costs at a new bitcoin mining facility to generate 'revenue' to repay their creditors.
Catheon Gaming Named Top Blockchain Firm in APAC Region
Catheon Gaming has been ranked No.1 in blockchain service company in Asia, according to the latest report by KPMG & HSBC’s joint report.