Router Chain Partners with Symbiotic for Cross-Chain Security
Symbiotic and Router Chain, a web3 chain abstraction platform supported by venture finance, are collaborating to improve shared security across decentralized networks. The partnership seeks to satisfy security requirements for users interacting with various ecosystems. Router Chain, which announced the collaboration on November 7, claims that Symbiotic’s permissionless shared security network will be essential to […]
Crypto.com Introduces Financial Services, Rewards Program
Over the upcoming year, Crypto.com plans to expand its services to include stock trading, banking, and credit cards. This major expansion was announced today by Crypto.com as part of their new Level Up rewards program. The website, which is situated in Singapore, wants to serve as a one-stop shop for traditional and cryptocurrency finance . […]
Hut 8 Announces Initial ASIC Fleet Upgrade
With the purchase of 31,145 Antminer S21+ units for $15 per terahash, Hut 8 has announced an update to its ASIC fleet. The massive North American cryptocurrency mining company Hut 8 has announced plans to acquire 31,145 Bitmain Antminer S21+ miners in order to expand its ASIC fleet. According to the purchase deal, the Miami-based […]
Ozean, HELIX Partner to Tokenize Private Credit on Blockchain
HELIX, a tokenized fixed-income platform, has partnered with Ozean, Clearpool’s blockchain, for real-world asset yield. Ozean is a permissionless Ethereum layer-2 platform developed on optimism and driven by Clearpool’s CPOOL. Its goal is to hasten the future development of on-chain private credit. An announcement states that Ozean plans to accomplish this by collaborating with HELIX. […]
South Korea Launches CBDC Pilot with Seven Local Banks
Seven South Korean financial lenders have been permitted to participate in a pilot project that will test digital financial services based on CBDCs. Seven domestic banks have been given permission by the Financial Services Commission of South Korea to take part in a pilot program that will test digital financial services based on deposit tokens […]