Thailand Bank SCB Launches Stablecoin Remittance Solution
Thailand’s SCB introduces a stablecoin remittance solution that streamlines 24/7 cross-border payments while increasing security and efficiency. Siam Commercial Bank (SCB) has partnered with SCB 10X to introduce Thailand’s first cross-border payment solution using stablecoins. This new system, developed in collaboration with Lightnet, aims to provide a faster and simpler cross-border payment service utilizing stablecoins […]
Hermetica Secures $1.7M to Expand Stablecoin USDh
Hermetica, the company behind the Bitcoin-backed stablecoin USDh, has raised $1.7 million in seed funding. The money will help USDh—a stablecoin intended to be backed by Bitcoin—grow. Rather than fluctuating in value like Bitcoin, a stablecoin seeks to maintain its value pegged to a stable asset, such as the US dollar. Without leaving the Bitcoin […]
Binance Invests in Bitcoin Liquid Staking Project Lombard
Binance’s venture capital and incubation arm has invested in Lombard, the crypto project behind the Bitcoin liquid staking token LBTC. With this investment, Lombard can launch LBTC on new chains. In a release, co-founder and head of strategy at Lombard, Jacob Phillips, stated that the objective is to expand the decentralized finance scene on Bitcoin […]
Hong Kong’s HashKey Postpones HSK Token Launch Due
HashKey, Hong Kong’s largest regulated cryptocurrency exchange, delayed the HSK token launch for “more favorable market conditions.” The company behind the Hong Kong-based cryptocurrency exchange, HashKey Group, has decided to delay the release of its HSK token, citing the general performance of the market as being “relatively subdued over the past three months.” Within an […]
Blockcast Raises $2.85M to Scale Content Delivery
Lattice Fund led the $2.8 million seed round for Blockcast to extend its decentralized infrastructure for high-bandwidth content. A press release states that Blockcast raised $2.85 million in its seed funding round, with participation from angel investors and well-known investors like Solana founder Anatoly Yakovenko, as well as Lattice Fund, Protocol Labs, Finality Capital […]