Tag Archives: Blockchain Infrastructure

Aave Labs has officially launched Aave V3 on the Era Mainnet, marking a significant advancement in decentralized finance (DeFi). This new version of Aave uses zkSync technology to enhance security, privacy, and scalability. The announcement was made through Aave’s official X account. As stated in the blog post, the Aave V3 includes zkSync’s zero-knowledge (ZK), which can provide cheap transaction fees and high security through Ethereum proofs. Chainlink will also assist in delivering...

Nvidia faces a revived lawsuit claiming concealment of GPU sales to crypto miners. TDC is concerned that Nvidia’s lawsuit could lead to more crypto-related cases. The Digital Chamber (TDC), formerly known as The Chamber of Digital Commerce, has expressed concern about a US Supreme Court ruling that could restart a case against chipmaker Nvidia. According to an amicus brief filed by TDC on August 20, the case could lead to an increase in “frivolous securities lawsuits” in the cryptocurrency...

DBS Bank is implementing a blockchain pilot for government grant disbursements in Singapore. The pilot project initiatives to improve fund distribution and eliminate manual oversight. DBS Bank in Singapore has launched a ground-breaking solution that uses blockchain technology to enhance the disbursement of government funds, signaling a significant move toward efficiency and transparency. In a recent pilot, DBS teamed with Enterprise Singapore (ESG) and the Singapore Fintech Association...

Malaysia has officially adopted Worldcoin’s iris scan technology as part of its digital transformation strategy. This significant step aims to improve the security and efficiency of digital identity verification across the country. The adoption stems from a partnership with the Worldcoin Foundation, Tools for Humanity (TFH), MyEG, and MIMOS Berhad, which is Malaysia’s governmental research and development body. It aims to align Worldcoin’s highly secure biometric option called ‘proof of...

BitGo, a US-based digital asset custodian, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This regulatory approval will allow BitGo to offer its custody services to clients in Singapore, a crypto hub in Asia. This development comes after the custodian received an in-principle approval (IPA) earlier this year in January. In a press release, BitGo mentioned, “BitGo now offers regulated digital payment token services in Singapore. Clients...

Ripple, a leader in enterprise blockchain and cryptocurrency solutions, has announced a new partnership with the Dubai International Financial Centre (DIFC). This collaboration aims to boost blockchain and digital asset innovation in the UAE. The DIFC Innovation Hub is a key player in Dubai’s innovation development, hosting over 1,000 tech firms, digital labs, and venture capitalists. The partnership will enable Ripple to access the DIFC’s diverse base of developers and innovative firms. It...

Abu Dhabi has officially launched a center dedicated to driving blockchain innovation and establishing the city as a hub for top global events and workshops, connecting industry leaders. The Blockchain Center will also incorporate a venture capital arm to support and invest in Web3 startups. The Blockchain Center aims to encourage the development of the blockchain industry in Abu Dhabi. It aims to make Abu Dhabi one of the key hubs of blockchain innovation, technology, and entrepreneurship...

Italian public sector bank Cassa Depositi e Prestiti SpA (CDP) and Intesa Sanpaolo, Italy’s largest lender, conducted a transaction worth 25 million Euros using blockchain technology this past Thursday. With that, Intesa Sanpaolo invested in a bond worth that amount with a four-month maturity period. The transaction happened on the Polygon network, an Ethereum layer 2 blockchain. A press release issued by Intesa Sanpaolo read, “The bond, with a nominal value of €25 million, has a duration...

The US Securities and Exchanges Commission (SEC) has dropped its investigation into Bitcoin layer 2 Stacks and builder Hiro. This news comes right after the SEC stopped looking into Paxos for securities violations for issuing the Binance USD (BUSD) stablecoin this past week. Many are celebrating these developments as the stringent financial regulator is appearing to let crypto projects breathe and not obstruct innovation through securities violation claims. In a letter to the legal counsel...

Avail, a project bringing a data availability layer network to the growing modular blockchain ecosystem, has secured $43 million through Series A funding from Cyber Fund. The project will compete with other big names in the DA niche like Celestia. Founded by Polygon co-founder Anurag Arjun, Avail looks to address the scalability issues associated with present-day blockchain builds. The project will ensure newly developed layer 2 networks move away from monolithic builds and utilize its data...