Decentralized taxi app DRIFE has recently announced the integration of Sui blockchain into their platform. This move aims to enhance the onboarding process for their ride-hailing users in India and the UAE. By utilizing the features of the Sui blockchain, DRIFE seeks to provide a seamless and transparent experience for both riders and drivers. One
Blockchain
Data Ownership Protocol has successfully raised $162 million in a recent token sale, gearing up for its mainnet launch later this month. The protocol, which focuses on blockchain privacy, aims to bring “selective transparency to Ethereum” and has a large community of over 2.67 million users participating in its testnet. One of the key objectives
In a strategic move to expand its global presence, Crypto.com has announced the launch of its app in South Korea on April 29. This launch comes after receiving regulatory approvals, allowing retail customers in South Korea to access a wide range of features on the platform. With the debut of the app in South Korea,
China recently announced a significant initiative led by Conflux Network, focusing on creating an “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.” This groundbreaking move signifies China’s interest in utilizing blockchain technology to facilitate secure and seamless cross-border transactions. The primary goal of this project is to establish a public blockchain infrastructure
Degen Chain, a layer-3 blockchain built on top of the Base network, has captured the interest of investors and traders due to its impressive transactional volumes, totaling close to $100 million in just a single day. Within four days of its launch, the network has processed over 272,000 unique transactions, establishing over 7,500 contracts and
In a recent development, Tinkoff Bank, a major player in the Russian banking industry, has successfully obtained a license to issue and sell “digital financial assets” (DFAs) within the country. This news comes as a significant milestone for the bank, as it positions itself to capitalize on the growing trend of digitalization in the financial
Vitalik Buterin, the prominent co-founder of Ethereum, recently made headlines during his visit to the South Korean tech hub city of Pangyo. The tech-focused town, located in Seongnam, Gyeonggi Province, has become a hotbed for innovation and technological advancements. Buterin’s presence in Pangyo was not only restricted to attending an Ethereum-related conference but also included
Grayscale, a well-known digital asset management firm, has recently announced the launch of a new fund called GDIF. This fund, aimed at millionaire investors, focuses on investing in proof-of-stake tokens and optimizing income through staking rewards. GDIF is the first actively managed investment product from Grayscale and is designed to take advantage of the growing
Recently, the crypto exchange HKVAEX, which is linked to Binance, decided to withdraw its virtual asset trading platform license application from the Hong Kong Securities and Futures Commission (SFC) post-deadline. This decision has raised eyebrows in the industry, especially considering the implications it may have on the company’s future operations and the broader crypto market
The TRM Labs data has revealed a significant decrease in illicit crypto volumes in 2023, dropping by a third from $49.5 billion to $34.8 billion. Despite this overall decline, the TRON blockchain hosted a staggering 45% of all crypto frauds in 2023, up from 41% in the previous year. This raises concerns about the security