The cryptocurrency wallet Backpack has been granted a Virtual Asset Service Provider (VASP) license by the Dubai Virtual Assets Regulatory Authority (VARA), leading to the introduction of the Backpack Exchange. Backpack is only able to provide cryptocurrency exchange services in Dubai under its VARA license; it is not able to
November 1, 2023 2 mins read
Co-founder Vitalik Buterin believes that Ethereum’s layer-2 ecosystem will continue to develop with new and interesting technical proposals. On his personal blog, Buterin laid out the present state of Ethereum’s scaling ecosystem, which includes various layer-2 protocols with varying approaches to delivering more scaling capacity, cheaper prices, and higher security.
October 31, 2023 2 mins read
A portfolio manager feature was added to the decentralized cryptocurrency exchange PancakeSwap on October 30. Bril Finance, a DeFi protocol, collaborated with it to implement this functionality. Tokens may now be deposited into single-asset vaults on PancakeSwap via the user interface. Tokens are placed into an algorithm for providing liquidity,
October 30, 2023 1 min read
On October 30th, NEOM Investment Fund of Saudi Arabia and Web3 games producer Animoca Brands announced a new agreement to propel Web3 growth within the area. Moreover, as stated in the announcement, Animoca will be collaborating with NEOM to develop Web3 business service capabilities. Although the worldwide applicability of the
October 30, 2023 2 mins read
Experts have predicted that, despite XRP’s success in the litigation between Ripple Labs and the U.S. SEC, it is still significantly undervalued in comparison to other leading cryptocurrencies. Now, XRP is likely to play a pivotal part in projects funded by Ripple Labs, such as international payments and settlements. With
October 27, 2023 2 mins read
Ramp, a financial technology firm building the payment rails that link the cryptocurrency market to the international financial system, and Linea, a developer-ready zkEVM rollup for Ethereum dapp scaling, have announced a strategic alliance. Through this partnership, Ramp Network’s reliable international payments infrastructure and Linea Network’s state-of-the-art blockchain technology are
October 26, 2023 2 mins read
Leading layer0 public blockchain Horizen has announced the official mainnet launch of Horizen EON, a fully EVM-compatible smart contracting sidechain platform. Horizen EON, created and powered by Horizen, is positioned to be an important part in the web3 revolution. The mission of Horizen is to provide a permissionless, customizable, and
October 26, 2023 3 mins read
Since announcing that it will begin serving customers in Nevada, U.S., Robinhood, the California-based cryptocurrency trading platform, has garnered the attention of crypto market aficionados. The platform will support 15 cryptocurrencies, according to the statement. Robinhood shared the exciting news with cryptocurrency investors on Twitter on October 25. Robinhood Crypto
October 25, 2023 1 min read
Cardano’s creator Charles Hoskinson has addressed speculation that the Djed stablecoin may be phased out. In a recent post on twitter, he announced that Djed is not only staying put, but will also be undergoing a major revamp that will give this overcollateralized stablecoin a second chance at success. And
October 25, 2023 1 min read
To enter the cryptocurrency indices market, Grayscale Investments has teamed up with FTSE Russell, a division of the London Stock Exchange. A new offering called the Crypto Sector Index Series is in the works. There will be many indices in this series, each one dedicated to a distinct kind of
October 24, 2023 2 mins read
