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“# Rangers Protocol launches Ethereum Virtual Machine-compatible testnet ” The Rangers Protocol has opened its testnet to users aiming to provide an Ethereum Virtual Machine-compatible solution that supports cross-chain contract interoperability. In a Friday announcement, the Rangers Protocol said it had successfully migrated its first Dapp to the testnet which went live on July 19….
“# Reddit deploys layer-2 solution aimed at scaling Ethereum-based community points ” Social media platform Reddit announced it would be using scaling solution Arbitrum to handle scaling its Ethereum-based Community Points system. In a Thursday announcement, Reddit administrator jarins said the platform had launched its own layer-2 rollup using Arbitrum technology for its rewards points….
“# Karura launches decentralized exchange on Polkadot and Kusama ” Karura, the Polkadot implementation of the Acala protocol, has launched its decentralized exchange (DEX) platform, Karura Swap. According to the announcement issued on Friday, the DEX platform is now live, with KSM/KAR being the first trading pair on the exchange. Per details provided by the…
“# Stacks (STX) price rallies 195% after revealing plans to bring DeFi to Bitcoin ” Ethereum (ETH) is currently the leader when it comes to smart contract capabilities and the sheer number of projects operating on its network, but the push to build products on Bitcoin (BTC) is gaining traction with advocates like Square CEO…
“# Reserve Bank of India mulls first steps toward an eventual CBDC ” The Reserve Bank of India, or RBI, continues to investigate the issuance of a central bank digital currency, or CBDC. T Rabi Sankar, the deputy governor of RBI, said in a speech organized by the Vidhi Center for Legal Policy that private…
“# Alabama regulators accuse BlockFi of offering unregistered securities ” The state of Alabama has become the second state in the United States to raise concerns over BlockFi, a major cryptocurrency lending platform. The Alabama Securities Commission (ASC) has issued a show cause order to New Jersey-based company BlockFi, ASC director Joseph Borg officially announced…
“# New DeFi futures to enable hedging against Bitcoin mining difficulty ” Decentralized derivatives exchange SynFutures announced a new product called Bitcoin (BTC) Hash Rate Futures that uses the biggest cryptocurrency’s ever-changing mining difficulty as a basis to open long or short positions. Touted as fully decentralized hash rate futures, SynFutures’ new offering would let…
“# 3AC-backed DeFi protocol Tranchess launched to track Bitcoin performance ” Three Arrows Capital CEO Su Zhu has announced the launch of decentralized finance (DeFi) protocol Tranchess. Tweeting on Thursday, Zhu described Tranchess as a “Tokenized Asset Management and Derivatives Trading” protocol. While the project aims to become a multi-chain and multi-asset DeFi protocol, with…
“# Ethereum must innovate beyond just DApps for DeFi degens: Vitalik Buterin ” During his keynote at the EthCC conference in Paris, Ethereum co-founder and lead developer Vitalik Buterin implored the Ethereum community to innovate beyond the confines of decentralized finance. Describing non-financial utilities as “the most interesting part of the vision of general-purpose blockchains,”…
“# Crypto.com deploys its Ethereum Virtual Machine chain testnet ” The Crypto.com chain testnet allowing projects built on Ethereum to transfer over to its ecosystem from chains compatible with Ethereum Virtual Machine is now live. In a Tuesday announcement, Crypto.com said it had launched the testnet for its Ethereum Virtual Machine, or EVM, chain called…