blockchain technology

DeFi Technologies Announces Launch of SolFi Technologies

November 14, 20248 min

DeFi Technologies launches SolFi Technologies, a spinout company, focused on providing investors with direct exposure to the Solana blockchain ecosystem through proprietary trading, validator node operations, and ecosystem investments. Optimizing Solana Yield: SolFi Technologies uses proprietary algorithms and innovative financing strategies to acquire, hold, and stake Solana (SOL). By staking Solana with DeFi Technologies’ validator and proprietary Maximum Extractable Value (MEV) engine (battle-tested with over C$508 million (US$365 million) in staked Solana), SolFi Technologies aims to generate consistent cash flow at higher yields than third-party staking providers, which can then...

by PRNewswire

Blockchain

Pharos Closes $8 Mn Seed Round Led By Lightspeed Faction and Hack VC

November 11, 20245 min

The funding round is announced alongside a partnership with ZAN to jointly explore hardware acceleration, infrastructure technologies, and more

by GlobeNewswire

Blockchain

Cytonic Secures $8.3 Mn Seed Funding to Solve Blockchain Compatibility

November 7, 20246 min

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...

by PRNewswire

Banking

Lumin Digital Adds upSWOT’s Business Credit Tools to Banking Platform

November 4, 20244 min

Lumin Digital (Lumin), the leading cloud-native digital banking provider, announced its partnership with upSWOT, a top provider of innovative financial solutions. The partnership will bring upSWOT’s solution to Lumin’s entire community of banks and credit unions, enabling them to bundle various applications in one place and better serve their business members. upSWOT empowers financial institutions to better support their business customers by offering an ecosystem of interconnected tools and widgets within its Business Dashboard, including...

by PRNewswire

Blockchain

Paxos Introduces Global Dollar (USDG)

November 4, 20245 min

Built to power global stablecoin adoption

by GlobeNewswire

Blockchain

Parfin Hires Jiten Varu, Ex-AWS, to Lead International Expansion

November 4, 20247 min

In addition to hiring Jiten Varu, who will be focused on strengthening global expansion, the company will also participate in the Singapore FinTech Festival as part of its international positioning strategy.

by PRNewswire

Blockchain

Binance Announces New VP of Product at Binance Blockchain Week in Dubai

October 31, 20246 min

In a move to build the next era of financial innovation, Binance appoints seasoned Web2 and Web3 product leader and software engineer Jeff Li to head its global product and design teams

by PRNewswire

Payments

Alchemy Pay Unveils Alchemy Chain Launch Plan

October 29, 20244 min

Alchemy Pay, a world-leading crypto payment solutions provider, unveiled its launch plan of its Layer-1 blockchain, Alchemy Chain. Built on a scalable Solana Virtual Machine (SVM) architecture, Alchemy Chain is designed to support the growing needs of Alchemy Pay’s business operations and revolutionize the integration of crypto and fiat payments. Alchemy Chain is positioned to become a cornerstone of the evolving payment landscape by enabling seamless interaction between blockchain-based transactions and off-chain storage. Its ultimate goal is to establish a...

by FTB News Desk

Interview

FinTech Interview with Violet Abtahi, Founder & CEO, Platonic

October 29, 202423 min

by BusinessWire

Blockchain

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

October 25, 20246 min

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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