Ethereum may be approaching its next major scaling step. Co-founder Vitalik Buterin says a new transaction format could help the blockchain process more activity faster and more efficiently.
By Andrew Bennett The European Central Bank (ECB) has announced a list of 36 banks and payment companies selected to participate in the digital euro pilot programme, marking the most significant step in Europe’s CBDC project since its launch.
By Andrew Bennett The Ethereum Foundation is continuing its largest restructuring in years by spinning out its institutional privacy research unit into an independent company called EthSystems.
By John Isige Superteam Vietnam has launched the “Bring Your Web2 Idea Onchain” competition, inviting participants to bring Web2 business ideas to the Solana blockchain to solve real-world commercial problems.
By Andrew Bennett Galaxy Digital has launched the Galaxy Onchain Financing Rate, or GOFR, a fully managed on-chain financing programme designed for financial institutions, high-net-worth individuals and accredited investors.
By John Isige Velocity has raised $38 million in a Series A funding round to expand its stablecoin infrastructure for businesses and financial institutions.
By John Isige On July 14, SBI Holdings announced that its blockchain joint venture will officially change its name from SBI R3 Japan to SBI Solana Global. The Solana Foundation will also join the company’s shareholder structure alongside SBI Holdings and Sumitomo Mitsui Financial Group (SMFG), one of Japan’s three largest megabanks.
By John Isige According to La Razón, Bolivia’s Minister of Economy José Gabriel Espinoza Yáñez said the government is assessing the possibility of making USDT an official payment method in the economy. However, he stressed that the process would be carried out with extreme caution, as Bolivia remains in the “grey zone” of the Financial Action Task Force (FATF) for anti-money laundering and counter-terrorist financing compliance.
By Andrew Bennett Hyundai Motor, the world’s third-largest automaker by sales, has become the first major South Korean company to put a blockchain-based cross-border internal payment system using stablecoins into real-world operation. The system runs on the Avalanche blockchain and represents one of the largest corporate blockchain applications implemented to date.
By John Isige Hyperliquid and Phantom have proposed that the US Commodity Futures Trading Commission exempt blockchain protocol developers from registration requirements and update its regulatory framework to better reflect the structure of the DeFi market.
By John Isige SBI Holdings is continuing to place a major bet on digital asset infrastructure by becoming the sole investor in Gauntlet’s $125 million Series C funding round.
By John Isige Just one week after Robinhood officially launched its own blockchain, the market is already beginning to see what layer-2 projects have been pursuing for years: real revenue.
By Andrew Bennett Paradigm, one of the most powerful venture capital firms in the cryptocurrency industry, has successfully raised a new investment fund worth $1.2 billion.
