This collaboration aims to enhance real-time payroll payments using Zebec’s advanced payment technology and Ondo’s USDY stablecoin system. Ondo Finance Partners With Zebec Network The partnership seeks to expand the operation of USDY, a stablecoin known for its stability and performance. It will also integrate Zebec’s Instant Card technology and…
This endorsement highlights the advancements and the unique privacy features that Railgun aims to bring to the decentralized finance (DeFi) sector. DeFi Through Zero Knowledge Proof Tech Railgun leverages zero-knowledge proofs (zk-SNARKs) to ensure user privacy while interacting with DeFi applications. “Zero-knowledge proofs allow users to prove a statement’s truth…
Its synthetic stablecoin, USDe, aims to replicate what Tether’s USDT did in 2014 and MarkerDAO did in 2017. Ethena’s Vision: DeFi, CeFi, TradFi Convergence According to the DeFi protocol, USDe succeeds because its reserves represent more than double the open interest in each combined perpetual DEX. Ethena explained in its…
–> Colombian President Gustavo Petro allegedly accepted more than $500,000 in digital tokens from a scam crypto project to finance his 2022 campaign, according to local media reports. Colombia-based cryptocurrency project Daily COP made the illicit donation of 2 billion Colombian pesos, or roughly $514,036, in crypto to Petro’s campaign…
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The developer behind Bitcoin’s Lightning Network has tested a protocol designed to enable stablecoins to be…
CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI) This week’s performance of the CoinDesk 20 was mixed as 8 of the 20 index members closed higher yesterday compared with…
Despite high anticipation, the launch has drawn criticism for excluding participants from the US, Canada, and China and its distribution methods. Following its recent $165 million funding boost from a16z Crypto, Eigen Labs is now managing an impressive $14 billion in DeFi assets. EigenLayer’s TVL. Source: DefiLlama Starting Friday, EigenLayer investors…
This strategic move could significantly impact the price of Avalanche’s native cryptocurrency, AVAX, as it enhances the utility and liquidity of digital assets within its ecosystem. Avalanche, Salvor to Invest $1 Million to Build NFT Platform Salvor’s integration into the Avalanche Rush Program, backed by a $1 million AVAX from…
–> Eclipse CEO Neel Somani said Thursday he is stepping back from the Layer 2 project shortly after a flurry of sexual harassment allegations against him resurfaced. Somani denied any misconduct in a post on X, adding that the role reduction is temporary. The announcement came roughly a day after…
A fight over a non-binding resolution passed in the U.S. House has erupted into a broader battle, pitting the crypto industry against the Biden administration. “The Biden administration has engaged in a coordinated effort to kill crypto,” wrote Charles Hoskinson, creator of Cardano, on Twitter. Yesterday, the White House said…