Elon Musk’s nascent artificial intelligence venture, xAI, has set its sights on securing between $3 billion to $4 billion in funding, eyeing a valuation of $18 billion. Amidst a wave of investor communications, including a […]
Ethereum’s blockchain is set for another significant leap with the anticipated Pectra upgrade, following the successful Dencun upgrade that reduced transaction costs. Slated for release between late 2024 and early 2025, the Pectra upgrade focuses […]
The financial system is witnessing a transformative change as Circle announces a groundbreaking development. Investors holding shares in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) can now seamlessly exchange their tokenized real-world assets for USDC. […]
Amidst a spate of failed transactions and its current effort to fix the issue, Austin Federa, Head of Strategy at Solana Foundation, announced the passing of a governance proposal called “Timely Vote Credits.” The proposal, […]
The Bank for International Settlements (BIS) and seven central banks embark on a journey to redefine financial systems through tokenization. Named Project Agorá, this initiative marks a pivotal step towards the fusion of digital and […]
Ripple, the company behind the XRP Ledger, has announced its entry into the stablecoin market, a sector currently dominated by players like Tether’s USDT and Circle’s USDC. The new stablecoin, yet to be named, will […]
Fantom is the latest Layer 1 blockchain actively courting meme coins amid the wave of explosive growth these assets have had. Andre Cronje, the network’s founder, disclosed his ongoing examination of meme coins and the […]
Ubunation, a web3 charity, has partnered with UNDER Lea’s TRUST, a non-profit organization dedicated to enhancing educational access in Kenya, to launch an innovative charitable fundraising campaign where 10,000 NFTs will be auctioned off to […]
Sony Bank, a Japanese commercial bank from Sony Financial Group, has launched a proof-of-concept experiment to develop a stablecoin pegged to fiat currencies, including the Japanese yen. The initiative aims to explore the potential of […]
Frax Finance is expanding its reach by integrating with the Cosmos ecosystem through a partnership with Noble. This move will make Frax’s stablecoin, FRAX, and its staked version, sFRAX, accessible within the Cosmos network, known […]
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