Chromia Mainnet 1.0: Unleashing Blockchain’s Potential for dApps
Chromia, a relational blockchain platform, is gearing up to launch its mainnet 1.0 in 2024. The event marks a significant breakthrough for the blockchain industry, as it promises to deliver more powerful, user-friendly, and scalable dApps. Here is what you need to know about this upcoming milestone. Chromia mainnet 1.0 is the final version of […]
Flare Labs Tests FAssets System to Unlock Legacy Tokens for DeFi
Flare Labs, a blockchain research and development company, has announced the testing of its FAssets system on the Coston testnet. The FAssets system aims to integrate traditional, non-smart contract tokens, such as BTC, XRP, and DOGE, into the Flare network, enabling their use in decentralized finance (DeFi) and smart contracts. At the core of this […]
DOT Eyes $7 as Web3 Foundation Invests in Real-World Assets
The multi-chain network Polkadot is showing bullish signs as its native token DOT surges above $5.5. The Web3 Foundation, associated with Polkadot, has also announced a pilot investment of $1 million in tokenized U.S. treasury bills. The DOT price has gained more than 6.25% in the last 24 hours and is trading at a $5.50 […]
OCBC Sues Money Laundering Suspect to Recover $15M Loss
OCBC, the second largest bank in Southeast Asia, has filed a claim against Su Baolin, one of the key suspects in Singapore’s largest money laundering scandal. The bank seeks to recover about $15 million in loans and interest. According to a Bloomberg report, OCBC has initiated legal proceedings against Su Baolin, a Cambodian passport holder, […]
Brazil to Impose Tax on Crypto Income from Foreign Exchanges
Brazil is set to implement new income tax rules that could significantly impact cryptocurrency holders. The new tax, which ranges up to 15%, will apply to income generated from cryptocurrencies held on exchanges outside the country. The Federal Senate of Brazil approved legislation on November 29, 2023, which has already passed in the Chamber of […]