Transfero Chooses Wormhole as Exclusive Interoperability Provider

Transfero, a leading fintech company specializing in stablecoins for emerging markets currencies, has selected Wormhole as its exclusive interoperability provider. Wormhole, the global leader in cross-blockchain interoperability, will power Transfero’s growing suite of stablecoins across multiple blockchains using its state-of-the-art NTT (Native Token Transfer) framework. Based in Brazil, Transfero has emerged as a major force in the global stablecoin ecosystem. Its flagship stablecoin, BRZ, is the largest non-USD stablecoin globally, with over $200 million in monthly trading volume and more than 1 million...

Binance Labs Invests in Brevis to Boost Off-Chain Computation Tools

Binance Labs has invested in Brevis, a ZK-coprocessor platform that unlocks new use cases for apps by allowing verifiable, trust-free computations on historical on-chain data. Brevis’ flagship product, the ZK-coprocessor, empowers smart contracts to trustlessly access and run arbitrary computations on historical on-chain data, such as transactions, events, and states, enabling a wide range of use cases from user engagement and retention features to dynamic optimizations for DeFi dApps, intent automation and many more. Using...

VentureX launches its new AI-powered blockchain investment platform

VentureX, a venture capital firm established in 2023, is reshaping cryptocurrency investment in Europe through the launch of its new AI-powered blockchain investment platform. Leveraging cutting-edge technology, VentureX supports emerging blockchain projects to drive digital finance into new realms of opportunity. The Vision Behind VentureX Founding Philosophy: Embracing the Future VentureX’s mission is rooted in the principle of “exploring the unknown” in the world of blockchain technology and cryptocurrency. Focused on high-impact investments, VentureX backs projects...

Cytonic Secures $8.3 Mn Seed Funding to Solve Blockchain Compatibility

Cytonic, the world’s first multi-virtual-machine blockchain, announced it has raised $8.3 million in a seed funding round co-led by Lattice and Lemniscap, with participation from IOBC, Nomura, Lyrik, Public Works, Arthur Hayes and other notable investors. Developed by MultiVM Labs, Cytonic is a decentralized execution layer that tackles one of the blockchain industry’s most pressing challenges: compatibility. As fragmentation across multiple chains continues to grow, developers and users face increasing barriers that limit the full potential of blockchain...

Glue Network Bridges Bitcoin to DeFi with Avalanche’s BTC.b Integration

Glue Network, a user-centric blockchain ecosystem dedicated to making decentralized finance accessible to all, announced the integration of Avalanche’s BTC.b as its default Bitcoin representation. This integration, utilizing LayerZero’s Omnichain Fungible Token (OFT) standard, aims to enhance Bitcoin liquidity and provide users with seamless access to Bitcoin-pegged assets within the Glue ecosystem. BTC.b, developed by the Avalanche Foundation, offers a trustless implementation of Bitcoin on other blockchains. By selecting BTC.b as its primary Bitcoin-pegged asset,...

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