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“# Algorithmic stablecoins show promise of reducing volatility — ShapeShift ” Promising innovations in DeFi have given rise to a new breed of stablecoins that have the potential to reduce volatility and promote greater decentralization, according to a new research report from ShapeShift. In its latest New Frontiers research study, ShapeShift explores the recent growth…
“# Bitcoin inheritance tool to use cloud service by Russian Sberbank ” A group of Russian experts is working on a new blockchain-based service to allow users to bequeath their cryptocurrency holdings and digital rights to the next generation. The National Technological Initiative (NTI), a global technical leadership program in Russia, announced a new digital…
“# EU entrusts $30M to new blockchain and digital assets fund ” Analysts have long decried the European Union’s lack of homegrown tech giants, pointing to the gulf between the bloc and counterparts like the United States and China. However, the EU now appears to be making moves to up its investments in innovative technologies. The…
“# US–Japan digital trade deal should include crypto: American think tank ” Sale Lilly and Scott W. Harold of the American policy think tank Rand Corporation have called on the United States and Japan to include crypto in the bilateral digital trade agreement between both nations. In an opinion piece published in the Nikkei Asia…
“# EY aims to simplify cross-border withholding tax process with blockchain ” Global professional services firm Ernst & Young (EY) continues exploring the potential of blockchain technology to improve taxation processes with a new initiative. The company announced Wednesday that EY completed a blockchain-based project to address complexities and inefficiencies in the cross-border withholding tax…
“# Blockfolio rides off into the sunset, but it’s a new dawn for FTX App ” The Blockfolio brand is no more: One of the first genuine product brands in the cryptocurrency space, the mobile app that started life as a portfolio tracker — and later morphed into a trading app under the stewardship of…
“# Crypto unicorn Amber Group launches NFT creator studio with TR Lab ” Crypto-finance unicorn Amber Group has partnered with TR Lab to launch a new initiative to help creators access the booming NFT market, highlighting once again the rapid uptake of digital collectibles in various industries. The CreatorFi initiative was unveiled Wednesday as a…
“# Multi-chain infrastructure network Biconomy concludes $9M investment round ” Biconomy, a multi-chain infrastructure network for decentralized applications, has concluded a $9 million private funding round that was co-led by venture firms DACM and Mechanism Capital. Ahmed Al-Balaghi, CEO of Biconomy, said his protocol has been designed to address some of the biggest challenges with…
“# Mastercard chooses 7 crypto startups for Start Path accelerator ” International payment giant Mastercard continues focusing on the digital asset industry by welcoming a batch of major cryptocurrency startups in its fintech accelerator. The company announced Tuesday a new startup engagement program as part of Mastercard Start Path, an accelerator program for fintech startups,…
“# ZKSwap’s V2 mainnet is set to go live tomorrow ” Decentralized cryptocurrency exchange ZKSwap has announced that its upcoming V2 mainnet will go live on July 28 via the Layer 1 Ethereum mainnet. A layer 2 launch is planned to occur sometime thereafter on Binance Smart Chain, Huobi Eco Chain, and OKEx Chain. This…